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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Schedule of estimated lives of property and equipment

Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives as follows:

 

Furniture 7 years
Computers and equipment 3 years
POSA machines 3 years

 

Schedule of Fair Value Measurements

At March 31, 2020 and December 31, 2019, the Company identified the following liabilities that are required to be presented on the balance sheet at fair value:

 

    Fair Value
As of
    Fair Value Measurements at  
    March 31,     March 31, 2020  
Description   2020     Using Fair Value Hierarchy  
          Level 1     Level 2     Level 3  
Marketable equity security - Surge Holdings, Inc.   $ 816,667     $ -     $ 816,667     $ -  
                                 
Conversion feature on convertible notes   $ 5,365,843     $ -     $ 5,365,843     $ -  

 

    Fair Value
As of
    Fair Value Measurements at  
    December 31,     December 31, 2019  
Description   2019     Using Fair Value Hierarchy  
          Level 1     Level 2     Level 3  
Marketable equity security - Surge Holdings, Inc.   $ 1,000,000     $ -     $ 1,000,000     $ -  
                                 
Conversion feature on convertible notes   $ -     $ -     $ -     $ -  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially-dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.

 

    March 31,     December 31,  
    2020     2019  
Series B preferred stock     30       30  
Series C preferred stock     8       8  
Series G preferred stock     -       -  
Series H preferred stock     1,000,000       1,000,000  
Warrants     19,650,167       19,654,167  
Convertible notes     499,972,212       1,100,000  
Total     520,622,417       21,754,205