10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: June 30, 2018

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                    to

Commission File Number:

000-55465

MEDIFIRST SOLUTIONS, INC.

(Exact name of registrant as specified in its charter)

4400 Route 9 South, Suite 1000, Freehold NJ 07728

(Address of principal executive offices)

732-786-8044

(Issuer’s telephone number)

(Former name, former address and former fiscal year, if changed since last report) N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b- 2 of the Exchange Act.

Large accelerated filer	☐		Accelerated filer	☐
Non-accelerated filer	☐	(check one)	Smaller reporting company	☒
			Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of August 20, 2018, there were 1,624,690 shares of Common Stock, $0.0001 par value, issued and outstanding.

TABLE OF CONTENTS

	Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements.	1
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.	22
Item 3. Quantitative and Qualitative Disclosures About Market Risk.	25
Item 4. Controls and Procedures.	25
PART II. OTHER INFORMATION
Item 1. Legal Proceedings.	26
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.	26
Item 3. Defaults Upon Senior Securities.	26
Item 4. Mine Safety Disclosures	26
Item 5. Other Information.	26
Item 6. Exhibits.	26

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

MEDIFIRST SOLUTIONS, INC.

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2018 AND 2017

INDEX TO FINANCIAL STATEMENTS

Financial Statements
Consolidated Balance Sheets as of December 31, 2017 and June 30, 2018 (unaudited)	2
Consolidated Statements of Operations (unaudited) for the six months ended June 30, 2018 and 2017	3
Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2018 and 2017	4
Notes to Consolidated Financial Statements	5 - 21

1

Medifirst Solutions, Inc.

Consolidated Balance Sheets

June 30, 2018 and December 31, 2017

	June 30, 2018			December 31, 2017
	(Unaudited)
ASSETS
Current Assets:
Cash	$	172,848		$	287,569
Inventory		33,056			33,435
Prepaid items		1,550			-
Total current assets		207,454			321,004
Property, Plant and Equipment, net		912			1,232
Other Assets
Security Deposit		650			650
Intangible Asset - License Agreement, net		108,752			116,252
Total other assets		109,402			116,902
Total Assets	$	317,768		$	439,138
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Accounts payable and accrued expenses	$	156,850		$	97,621
Accrued expenses - officer's compensation		394,905			401,079
Due to related party		8,921			8,921
Loans payable - stockholders		14,042			14,499
Note Payable for license agreement		-			-
Convertible notes payable		291,549			280,351
Convertible notes payable - related party		80,250			133,750
Derivative Liabilities		604,419			251,886
Total current liabilities		1,550,936			1,188,107
Commitments & Contingencies (Note 8)		-			-
Stockholders' Equity:
Series A preferred stock, $0.0001 par value; 1,000,000 shares authorized, 500,000 and 500,000 shares issued and outstanding, respectively		50			50
Series B convertible preferred stock, $0.0001 par value; 50,000 shares authorized, 8,000 and 8,000 shares issued and outstanding, respectively		1			1
Common stock, $0.0001 par value; 4,000,000,000 shares authorized, 1,403,063 and 849,437 shares issued and outstanding, respectively (Note 7 – amounts restated due to reverse stock split)		140			85
Additional paid in capital		3,162,666			2,916,024
Accumulated deficit		(4,396,025	)		(3,665,129	)
Total Stockholders' Equity		(1,233,168	)		(748,969	)
Total Liabilities & Stockholders' Equity	$	317,768		$	439,138

2

Medifirst Solutions, Inc.

Consolidated Statements of Operations

For the Six Months Ended June 30, 2018 and 2017

(Unaudited)

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2018			2017			2018			2017
Product sales, net		-			-			4,550			9,995
		-			-			4,550			9,995
Cost of goods sold		-			-			379			353
Gross income		-			-			4,171			9,642
Expenses:
Officer's compensation		37,500			25,000			75,000			50,000
Advertising and promotion		1,804			6,085			2,593			25,882
Computer and internet		229			2,436			379			2,642
Consulting fees		44,103			73,900			82,203			263,200
Professional fees		40,679			50,055			76,994			174,320
Rent		6,522			3,822			12,344			7,644
Travel		4,569			2,676			5,439			9,181
Lab testing		-			8,175			-			8,175
Dues and subscriptions		1,191			1,181			1,460			2,264
Other		26,439			19,523			47,718			44,866
		163,036			192,853			304,130			588,174
Net loss from Operations before other income, expenses		(163,036	)		(192,853	)		(299,959	)		(578,532	)
Other income and (expense)
Interest expense		(156,132	)		(184,117	)		(290,835	)		(275,151	)
Interest income		1			2,521			1			2,521
Change in fair value - derivatives		(117,160	)		72,714			(140,103	)		(292,271	)
Net loss before provision for income tax	$	(436,327	)	$	(301,735	)	$	(730,896	)	$	(1,143,433	)
Provision for income taxes		-			-			-			-
Net Loss	$	(436,327	)	$	(301,735	)	$	(730,896	)	$	(1,143,433	)
Loss per common share - Basic and fully diluted	$	(0.32	)	$	(0.62	)	$	(0.60	)	$	(2.80	)
Weighted average number of shares outstanding - Basic and fully diluted		1,363,902			486,729			1,215,305			408,230

3

Medifirst Solutions, Inc.

Consolidated Statement of Cash Flows

For the Six Months Ended June 30, 2018 and 2017

(Unaudited)

	2018			2017
Cash flows from operating activities:
Net loss	$	(730,896	)	$	(1,143,433	)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation & amortization expense		7,820			14,070
Stock Based Compensation		36,000			364,525
Change in assets and liabilities
Accrued interest receivable					(2,521	)
Accounts payable and accrued expenses		53,055			31,999
Change in fair value - derivatives		140,103			292,271
Amortization of debt discount & other financing costs		260,575			247,002
Related party and stockholder's loan		(457	)		-
Prepaid expenses		(1,550	)		15,720
Inventory		379			(14,567	)
Net cash used by operating activities		(234,971	)		(194,934	)
Cash flows from investing activities:
None		-			-
Net cash used by investing activities		-			-
Cash flows from financing activities:
Proceeds from stockholder loan		-			5,000
Principal payments on debt		(11,000	)		-
Proceeds from sale of Convertible notes payable		131,250			256,250
Net cash provided by financing activities		120,250			261,250
Net increase (decrease) in cash		(114,721	)		66,316
Cash at beginning of period		287,569			165,017
Cash at end of period	$	172,848		$	231,333
Supplemental cash flow information:
Cash paid during the period for:
Income taxes	$	135		$	750
Non-cash investing and financing activities:
Common stock issued for convertible debt-related party	$	22,500		$	316,211
Common stock issued for note interest and note conversions	$	-		$	630,259
Derivative liability extinguished upon conversion	$	113,160		$	-
Common stock issued for convertible debt with derivatives	$	64,245		$	-
Accounts Payable exchanged for promissory note	$	-		$	15,000
Related party note reclassified to promissory note	$	20,000		$	-

4

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

Note 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization

Medifirst Solutions, Inc. (“MSI” or the “Company”) was incorporated in Nevada in November 2010. The Company has not generated significant sales to date. The Company intends to have a diverse product line of consumer products. Since inception, the Company has been engaged in business planning activities, including researching the industry, identifying target markets for the Company’s products, developing the Company’s models and financial forecasts, performing due diligence regarding potential geographic locations most suitable for establishing the Company’s offices and identifying future sources of capital. At the present time, the Company is building products and affiliations in and related to the cosmetic healthcare industry. The company has started to hire a salesforce and sign distribution agreements in anticipation of future sales.

In July 2016, Medifirst, in response to its Premarket Notification 510(k) submission for “The Time Machine” Series Laser, received clearance from the U.S. Food and Drug Administration (“FDA”) to market its infrared Time Machine TTML-8102000 Laser Thermal Therapeutic Device. The Company is actively putting together a sales and distribution team to offer our lasers in the US and foreign markets.

Pursuant to a sale and purchase agreement dated August 19, 2015 between the Company and the Company’s president, the Company acquired 100% of the equity interests in Medical Lasers Manufacturer, Inc. (“MLM”) with the total purchase price of 20,000 shares of the Company’s common stock at $0.001 per share (or $20). The fair value of the acquired entity was $20.

The transaction was considered as a business acquisition and accordingly the acquisition method of accounting has been applied. MLM had no assets at the date of the business combination.

The Consolidated financial statements include the accounts of MSI and its only wholly owned subsidiary, MLM. All material intercompany balances and transactions have been eliminated in consolidation.

Medifirst recently launched Concierge Concepts Rx, a new division focused on the pharmaceutical industry. Concierge Concepts Rx (CCRx) provides unique specialty drug consulting and niche billing services to independent pharmacies and retail pharmacy chains. This division has not yet commenced operations and no activity is included in the accompanying financial statements for CCRx. CCRx is 100% owned by Medifirst.

The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company’s current technology.

Basis of Presentation

The unaudited interim consolidated financial statements include the accounts of Medifirst Solutions Inc. and its wholly owned subsidiary (Medical Laser Manufactures, Inc., (collectively referred to as the “Company”). All material intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the consolidated financial position of the Company as of June 30, 2018, the consolidated results of its operations for the three-month period ended June 30, 2017 and 2018 and six-month period ended June 30, 2017 and 2018, and the consolidated cash flows for the six-month periods ended June 30, 2017 and 2018. The results of operations for the three-month period ended June 30, 2018 are not necessarily indicative of the operating results for the full year. These financial statements should be read in conjunction with the audited consolidated financial statements and related disclosures for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K for the year then ended.

Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or shareholders’ equity.

Effective July 23, 2018, the Company effected a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073. All fractional shares have been rounded up to the next whole share. There is no reduction in the number of the Company’s shareholders of record. Unless otherwise noted, impacted amounts and share information included in the financial statements and notes thereto have been retroactively adjusted for the reverse stock split as if such reverse stock split occurred on the first day of the first period presented.

Revenue Recognition

In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company:

Revenue is recognized at the time the product is delivered or services are performed. Provision for sales returns are estimated based on the Company’s historical return experience. Revenue is presented net of returns.

5

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

Accounts Receivable

The Company extends credit to its customers in the normal course of business and performs ongoing credit evaluations of its customers, maintaining an allowance for potential credit losses. Accounts receivable is reported net of the allowance for doubtful accounts. The allowance is based on management’s estimate of the amount of receivables that will actually be collected. The Company has not recorded an allowance for doubtful accounts as of June 30, 2018 or December 31, 2017. There are no customer account receivables as of June 30, 2018 or December 31, 2017.

Inventory

Inventory consists of finished goods and is stated at the lower of cost (first-in, first-out) or market value. Finished goods inventory includes hand held laser devices, their carrying cases and goggles.

Equipment

Equipment, consisting of computer equipment, is stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, of five years.

Long-Lived Assets

The Company reviews long-lived assets, such as equipment, for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds the estimated future cash flows, an impairment loss will be recorded by the amount the carrying value exceeds the fair value of the asset.

In August 2015, the Company’s wholly-owned subsidiary MLM, acquired a trademark for $20,000. Due to the uncertainty of future cash flows from the trademark, management has deemed it to be impaired and recorded an impairment expense of $20,000 in 2015.

Intangible Asset- Licensing Agreement

On March 8th 2016 (with an effective date of October 1, 2015), the company, through it’s sole wholly-owned subsidiary (“Licensee”), entered into a Product and Know-How License Agreement (“Agreement”) with a Florida Corporation (“Licensor”) which is owned by a related party - the son of the Company’s CEO. The license provides with respect to the Technology, Licensor hereby grants to Licensee an irrevocable, nontransferable, royalty-bearing license, with a right of sublicense (the “License”), throughout the Territory in the Field of Use, whether or not under the Licensed Patent, to:

-use or submit or deliver the Technology and/or any Product to any regulatory body throughout the Territory for purposes of obtaining approval to make, Sell, offer for Sale, import, export and distribute the Technology or Products; and

- use or copy the Technology and/or any Product; and

- market, make, have made, Sell, offer for Sale, import and distribute Products; and

- sublicense the Technology; and

- prepare, or have prepared on its behalf, modifications, enhancements and/or derivative works of the Technology.

In connection with the license granted, Licensor hereby grants to Licensee a license to the Licensed Patents, whether now existing or hereafter acquired.

The consideration for the licensing agreement consisted of the issuance of 25,000 Series B Preferred stock shares to the Licensor (at par) plus a $150,000 promissory note issued by the Company to the licensor. On September 15, 2017 the Note was amended to include provisions to allow conversion of the Note into common stock of the Company. On September 25, 2017, $16,250 in principal on this note was satisfied by the conversion into 25,000 shares of the Company’s common stock. On January 31, 2018, $7,500 in principal on this note was satisfied by the conversion into 30,000 shares of the Company’s common stock. On March 2, 2018, another $7,500 in principal on this note was satisfied by the conversion into 30,000 shares of the Company’s common stock. During the quarter ended June 30, 2018, the original noteholder assigned $20,000 in principal to an unrelated third-party. The principal balance on this note as of June 30, 2018 is $80,250 to the original noteholder and $20,000 in principal balance to the new unrelated third-party noteholder.

The last part of the consideration in this license agreement is the royalty payments which have not taken effect yet since they are based on sales for which the company has had only minimum thus far.

6

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

The licensing agreement is for a ten-year period effective from October 1, 2015. The cost of the licensing agreement is being amortized over its ten-year period and charged to income on a straight-line basis.

Debt Issue Costs and Debt Discount

The Company may pay debt issue costs, and record debt discounts in connection with raising funds through the issuance of convertible debt. These costs are amortized over the life of the debt to interest expense. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts are immediately expensed. Beginning in 2015, the Company adopted ASU 2015-03: Simplifying the Presentation of Debt Issuance Costs and has reflected the deferred financing costs as a direct reduction of the related debt (See table included in Note 5 to Consolidated Financial Statements).

Original Issue Discount

For certain convertible debt issued, the Company provides the debt holder with an original issue discount. The original issue discount is recorded to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.

Derivative Liabilities

Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments, and measurement of their fair value for accounting purposes. The Company assessed its securities for purposes of determining the proper accounting treatment and valuation as set forth in the Statement of Financial Accounting Standard ASC 820–10–35–37 Fair Value in Financial Instruments; Statement of Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities; and Emerging Issues Task Force (“EITF”) Issue No. 00–19 and EITF 07–05.

In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.

Once the derivative liabilities are determined, they are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives.

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the condensed consolidated balance sheets and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

Financial Instruments

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, and other accrued liabilities approximate their fair values.

Segment Information

The Company follows Accounting Standards Codification (“ASC”) 280, “Segment Reporting”. The Company currently operates in a single segment and will evaluate additional segment disclosure requirements as it expands its operations.

7

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

Net Income (Loss) Per Common Share

The Company calculates net income (loss) per share based on the authoritative guidance. Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods in which the Company incurs losses, common stock equivalents, if any, are not considered, as their effect would be anti-dilutive.

Income Taxes

The Company utilizes the accrual method of accounting for income taxes. Under the accrual method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.

The Company recognizes the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount recognized in the financial statements is the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. The Company did not have any unrecognized tax benefits as of June 30, 2018, and does not expect this to change significantly over the next 12 months.

Stock-Based Compensation

The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value on the issuance date.

Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At June 30, 2018, the Company had $172,848 in cash equivalents.

Recent Pronouncements

In May 2014, FASB and IASB issued a new joint revenue recognition standard that supersedes nearly all GAAP guidance on revenue recognition. The core principle of the standard is that revenue recognition should depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The new standard is effective for the Company to annual reporting periods beginning after December 15, 2017 (that is, a public organization is required to apply the new revenue standard beginning in the first interim period within the year of adoption). Additionally, the Board decided to permit public organizations to adopt the new revenue standard early, but not before the original public organization effective date (that is, annual periods beginning after December 15, 2016). A public organization should apply the new revenue standard to all interim reporting periods within the year of adoption. The Company has evaluated the impact of this ASU on the consolidated financial statements and has determined, at this time, the ASU’s implementation would not have a material impact on revenue recognition. See below - Accounting Standards Update 2016-10 - Revenue from Contracts with Customers (Topic 606) Identifying Performance Obligations and Licensing.

In June 2018, the FASB issued Accounting Standards Update 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 also clarifies that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Revenue from Contracts with Customers (Topic 606). ASU 2018-07 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company will adopt the provisions of ASU 2018-07 in the quarter beginning January 1, 2019. The adoption of ASU 2018-07 is not expected to have any impact on the Company’s financial statement presentation or disclosures.

8

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

In April 2016, the FASB issued Accounting Standards Update 2016-10 - Revenue from Contracts with Customers (Topic 606) Identifying Performance Obligations and Licensing. The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company is currently evaluating the impact of this ASU on the consolidated financial statements.

In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220)”. The objective of the ASU is to allow a reclassification from accumulated comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act and will improve the usefulness of information reported to financial statement users. This ASU is effective for interim and annual reporting periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating the impact of this ASU on the consolidated financial statements.

Note 2. PROPERTY, PLANT AND EQUIPMENT (NET)

Equipment is recorded at cost and consisted of the following at June 30, 2018 and December 31, 2017:

	March 31, 2018			December 31, 2017
Computer equipment	$	8,956		$	8,956
Less: accumulated depreciation		(8,045	)		(7,725	)
	$	912		$	1,232

Depreciation expense was $319 and $319, for the six months ended June 30, 2018 and 2017 respectively.

Note 3. DUE TO RELATED PARTY

The Company was indebted to a related party through common management in the amount of $8,921 at June 30, 2018 and December 31, 2017, respectively. The loan bears no interest and is payable on demand. See Note 10 for additional related party transactions.

Note 4. LOANS PAYABLE - STOCKHOLDERS

During the periods ended June 30, 2018 and 2017 a stockholder of the Company advanced the Company $-0- and $-0- respectively. The loan has a balance of $8,955 at June 30, 2018 and December 31, 2017, respectively. The loan bears no interest and is payable on demand.

In December 2012, the Company issued a promissory note to a stockholder in the amount of $5,000 with interest at 10% per annum. Principal and interest were due and payable on June 2, 2013. In April 2014, the note was amended to provide the note holder with the option to convert the note to the Company’s common stock at $0.0001 per share. Subsequently, in 2014, in a private transaction, the note holder transferred $2,500 of note principal to third parties and the new holders converted their holdings into 2,500 shares of the Company’s common stock. During 2015, the original note holder transferred an additional $2,400 of note principal to third parties who converted their holdings into 2,400 shares of the Company’s common stock. At June 30, 2018 and December 31, 2017, the loan balance was $100 and $100, respectively.

At June 30, 2018 and December 31, 2017, the Company was indebted to a stockholder in the amount of $1,000 and $1,500, respectively. The loan has an interest rate of 26.7%. In February 2017 the note was sold to another investor and that noteholder converted $500 in principal into 5,000 shares of common stock. Principal and accrued interest were due and payable on January 1, 2014.

In February 2016, the Company issued a promissory note to a stockholder in the amount of $7,000 with interest at the rate of 6% per annum. On September 6, 2016 the note holder converted the entire principal balance and accrued interest into common stock and therefore at June 30, 2018 there is no principal balance remaining on the note.

9

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

Note 5. CONVERTIBLE NOTES PAYABLE

Note Payable-BS

In March 2011, the Company issued $800 aggregate principal amount of 6% convertible notes due in January 2012. Interest on the notes accrue at the rate of 6% per annum and are payable when the notes mature. The notes matured prior to conversion but have not been repaid. Interest continues to accrue at the rate of 6% per annum.

The holder of one of the notes converted $110 of note principal into 1,100,000 shares of common stock as follows:

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
June 2013	$	70	$	0.0001		700
August 2013	$	40	$	0.0001		400

In August 2013, in a private transaction, the same note holder transferred $330 of the remaining note principal plus $55 in accrued interest to a third party.

In August 2013, in a private transaction, the new note holder transferred $5 of the remaining note principal to a third party who then converted the note into 50 shares of common stock.

In September 2013, the new note holder converted $100 of note principal into 1,000 shares of common stock.

In September 2013, in a private transaction, the new note holder transferred $35 of the remaining note principal to a third party who then converted the note into 350 shares of common stock.

In November and December 2013, the new note holder converted an additional $90 of note principal into 900,000 shares of common stock as follows:

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
November 2013	$	40	$	0.0001		400
December 2013	$	50	$	0.0001		500

In March and April 2014, the new note holder converted an additional $90 of note principal into 900 shares of common stock as follows:

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
March 2014	$	50	$	0.0001		500
April 2014	$	40	$	0.0001		400

Subsequent to these conversions there remains $125 in note principal outstanding at June 30, 2018.

Note Payable-SF

In July 2013, the holder of the second note converted $240 of note principal into 400 shares of the Company’s common stock at $0.0006 per share. At June 30, 2018 and December 31, 2017, the note had a remaining principal balance of $60 and $60, respectively.

At any time on or after the maturity date, the holders of the notes, have the option of converting any of the unpaid principal and interest into the Company’s common stock. The notes plus any accrued but unpaid interest are convertible at the rate of $0.0001 per share at the time of conversion up to a maximum of 9.99% of the then issued and outstanding common stock, or 140,166 shares at June 30, 2018 and 84,859 shares at December 31, 2017.

10

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

Note Payable-RK

In May 2012, the Company issued a $25,000 6% per annum note that matured in November 2012. In December 2012 the note was amended to be a convertible note. Interest on the note accrues interest at 6% per annum and is payable when the note matures.

The holder of the $25,000 note had the option of converting it at any time prior to maturity. The note plus any accrued but unpaid interest were convertible at the rate of $0.001 per share at the time of conversion up to a maximum of 9.99% of the then issued and outstanding common stock.

The holder of the note converted $1,010 of note principal into 1,010 shares of common stock as follows:

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
December 2012	$	150	$	0.001	$	150
January 2013	$	660	$	0.001		660
March  2013	$	200	$	0.001		200

In July 2013, the Company retired $14,000 of note principal in payment for consulting services provided to the note holder.

In July 2013, the note holder converted $300 of note principal into 300 shares of the Company’s common stock.

In July 2013, in a private transaction, the note holder transferred the remaining note principal balance of $9,690 to a third party (See Note Payable-NW below).

Note Payable-NW

After receiving the transfer of the principal balance of $9,690 in July 2013 in the private transaction noted in Note Payable-RK above, in August 2013, in a private transaction, the new note holder of the aforementioned note transferred $4,475 of principal to a stockholder of the company.

In October 2013, the note holder converted $400 of note principal into 400 shares of the Company’s common stock at $0.001 per share.

In October 2014, the note holder converted $1,100 of note principal into 1,100 of the Company’s common stock. The note holder has the option of converting the balance at any time with the approval of the Board of Directors. The note plus any accrued but unpaid interest are convertible at the rate of $0.001 per share at the time of conversion up to a maximum of 9.99% of the then issued and outstanding common stock, or 140,166 shares at June 30, 2018 and 84,859 shares at December 31, 2017.

In August 2016, the note holder converted $3,000 of note principal into 3,000 shares of the Company’s common stock. At June 30, 2018 and December 31, 2017, the remaining principal balance on this portion of the note is $715 and $715 respectively.

Note Payable-MC #2

In April 2015, the Company issued a $3,000 8% per annum note that matures in October 2015. The holder of the note has the right to convert the principal into shares of the Company’s common stock at any time 180 days after the closing date at $0.0001 per share. Interest on the note accrues interest at 8% per annum and is payable when the note matures. During January 2017, the current noteholder converted $1,100 in principal balance into 11,000 shares of common stock. During the same period, the current noteholder transferred $600 of the remaining principal balance to another investor who then converted the entire principal balance he received into 6,000 shares of common stock. During April 2017, the current noteholder converted $410 of remaining principal into 6,000 shares of common stock. There remains $890 in principal balance at June 30, 2018 with the current noteholder and $890 in principal balance with the original noteholder at December 31, 2017.

11

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

Convertible Note Payable-LGC (8%)

On January 7, 2016, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”) for the sale of convertible redeemable notes in aggregate principal amount of $251,803. On January 7, 2016, the Company and the Investor conducted the first closing under the Purchase Agreement, pursuant to which the Company issued to the Investor (i) a convertible redeemable note in principal amount of $105,000 containing an original issue discount of $20,000 (the “$105K Note”); and (ii) a convertible redeemable note in principal amount of $50,000 (the “$50K Note” and together with the $105K Note, the “Notes”). Under the Purchase Agreement, on March 15, 2016 and June 15, 2016, the Company and the Investor conducted additional closings for the sale and purchase of additional notes having the same terms as the Notes in principal amounts equal to $50,000 and $46, 803, respectively (see Convertible Notes Payable-LGC (8%) BEN below). During the quarter ended March 31, 2017 the noteholder converted the entire principal balance into 62,068 shares of common stock and therefore there is no principle balance outstanding at June 30, 2018 and December 31, 2017.

Convertible Notes Payable-LGC (8%) BEN

In consideration for the issuance of the $105K Note, on January 13, 2016, the Company received net proceeds (after deducting the original issue discount and legal fees) in the amount of $75,697. In consideration for the issuance of the $50K Note, the Investor issued to the Company a $50,000 fully-collateralized secured promissory note (the “Investor Note”), pursuant to which the Investor agreed to pay the Company $50,000 on or before April 30, 2016. The Notes, which are due on January 7, 2017, bear interest at the rate of 8% per annum. Subject to a beneficial ownership limitation equal to 9.99%, principal and interest on the Notes is convertible into shares of the Company’s common stock (“Common Stock”) at a conversion price equal to 55% of the lowest trading price of Common Stock during the 20-trading day period prior to conversion.

In accordance with the terms of the Purchase Agreement, the investor and the Company closed on the two outstanding notes ($50,000 and $46,803) in May and June 2016 when the Company received the cash funding. During April 2017 the noteholder converted the entire principal balance of the $50,000 note into common stock of the Company. During June 2017 the noteholder converted $16,000 of the remaining principal of the $46,803 note into common stock of the Company. In July and September 2017, the noteholder converted the remaining $30,803 of the note’s principal balance into common stock. As a result, there is no principal balance remaining on either note as of June 30, 2018 and December 31, 2017.

Convertible Notes Payable-SO (8%)

On May 2, 2016, the Company issued to an Investor a convertible redeemable note in the principal amount of $57,750 (“the Note”). The Note, which matures on May 2, 2017, pays interest at the rate of 8% per annum. The note contains a 10% original issue discount. The holder of the note is entitled, at its option beginning on the 6-month anniversary, to convert all or any of the principal face amount of the Note then outstanding into shares of the Company’s common stock at the price equal to 55% of the lowest trading price for the twenty prior trading days including the date of conversion. During the quarter ended March 31, 2017 the noteholder converted $32,298 of the principle balance into 23,490 shares of common stock thereby leaving a principal balance of $25,452 on the note at December 31, 2017. During the first quarter of 2018, the noteholder converted $23,000 of the principle balance into 122,727 shares of common stock thereby leaving a principal balance of $2,452 on the note at June 30, 2018.

12

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

Convertible Notes Payable-BBCG (9%)

On October 11, 2016, the Company issued to an Investor a convertible note in the principal amount of $157,895 (“the Note”). The Note, which matures on March 27, 2018, pays interest at the rate of 9% per annum. The note contains an original issue discount in the amount of $7,895. The holder of the note is entitled, at its option beginning on the 6-month anniversary, to convert all or any of the principal face amount of the Note then outstanding into shares of the Company’s common stock at the price equal to 57.5% of the lowest trading price for the twenty prior trading days including the date of conversion. During April and June of 2017, the noteholder converted the entire remaining principal balance of the note into common stock of the Company. There is no principal balance remaining on the note as of June 30, 2018 and December 31, 2017.

Convertible Notes Payable - Funding (8%)

On May 1 2017, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”) for the sale of 8 convertible redeemable notes in aggregate principal amount of $1,012,500. On May 1st, 2017 and June 2, 2017, the Company and the Investor conducted the first two closings under the Purchase Agreement, pursuant to which the Company issued to the Investor (i) a convertible redeemable note in principal amount of $131,250 (the “$131K Note”) ; and (ii) a convertible redeemable note in principal amount of $125,000 (the “$125K Note”). On July 10, 2017 and August 7, 2017, the Company and the Investor conducted the second two closings under the Purchase Agreement, pursuant to which the Company issued to the Investor two convertible redeemable notes each in the principal amount of $125,000; Under the Purchase Agreement, on January 1, 2018, February 2, 2018, March 10 ,2018 and April 7, 2018 the Company and the Investor expected to conduct additional closings for the sale and purchase of additional notes having the same terms as the Notes in principal amounts equal to $131,250, $125,000, $125,000 and $125,000 respectively (the “back-end notes”). However, all these “back-end notes” were cancelled in early 2018 and will not fund. Accordingly, all the “back-end” notes were removed from the books at December 31, 2017 along with the associated investor notes receivable. In addition, all previously accrued interest expense and interest income has been removed on these “back-end notes” for the period ended December 31, 2017.

In consideration for the issuance of the $131K Note and the $125K Note, on May 1, 2017 and June 2, 2017 and for the two $125k Notes on July 10, 2017 and August 7, 2017, the Company received net proceeds (after deducting $25,000 in legal fees) in the amount of $481,250. In consideration for the issuance of the $131K and the three $125k Notes, the Investor issued to the Company a $131,250 fully-collateralized secured promissory note and three $125,000 fully-collateralized secured promissory notes (the “Investor Notes”), pursuant to which the Investor agreed to pay the Company $131,250 and $375,000 on or before January 1, 2018, February 2, 2018, March 10, 2018 and April 7, 2018 respectively. These Notes (often referred to as “back-end Notes”), bear interest at the rate of 8% per annum. However, all these “back-end notes” were cancelled in early 2018 and will not fund. According, all the “back-end” notes were removed from the books at December 31, 2017 along with the associated investor notes receivable. In addition, all previously accrued interest expense and interest income as been removed on these “back-end notes” for the period ended December 31, 2017.

The two notes issued May 1,2017 ($131,250) and June 2, 2017 ($125,000) became convertible on October 28, 2017 and December 4, 2017 respectively and required derivative treatment at that time. The embedded derivative was bifurcated and accounted for separately along with the derivative discount. The derivative liability is marked-to-market each quarter with the resulting gain or loss valuation being reported in the statement of operations.

During the quarter ended December 31, 2017 (after the six-month waiting period) the holder of the original note in the principal amount of $131,250 converted $21,500 and $15,350 of the note’s principal balance into 35,058 and 39,714 shares of the Company’s common stock, respectively. The principal balance remaining on this convertible note is $94,400 as of December 31,2017. During the quarter ended March 31, 2018 the holder of the original note converted, through four separate conversion transactions, a total of $38,870 of the note’s principal balance into total of 193,384 shares of the Company’s common stock. During the quarter ended June 30, 2018 the holder of the original note converted $10,030 of the note’s principal balance into total of 62,015 shares of the Company’s common stock. The principal balance remaining on this convertible note is $45,500 as of June 30, 2018.

13

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

Convertible Notes Payable - JR (5%)

On August 2, 2017 the Company issued a convertible note payable (promissory note) to an investor in the principal amount of $50,000. The note matures on August 2, 2018 and bears interest at 5%. The note holder has the right at any time on or after the day that is six months from August 2, 2018 to convert any part or all of the outstanding unpaid principal balance into shares of the Company’s common stock at a fixed price of .003 per share. The entire principal balance of $50,000 is outstanding as of June 30, 2018 and December 31, 2017

Convertible Notes Payable - MLM (10%)

As more fully described in Note 1 to the financial statements, on March 8th 2016 (with an effective date of October 1, 2015), the company, through it’s sole wholly-owned subsidiary (“Licensee”), entered into a Product and Know-How License Agreement (“Agreement”) with a Florida Corporation (“Licensor”) which is owned by a related party - the son of the Company’s CEO. The consideration for the licensing agreement consisted of the issuance of 25,000 Series B Preferred stock shares to the Licensor (at par) plus a $150,000 promissory note issued by the Company to the licensor. During the quarter-ended June 30, 2017, $18,986 in accrued interest was satisfied through the issuance of 17,273 shares of the Company’s common stock. On September 15, 2017 the Note was amended to include provisions to allow conversion of the Note into common stock of the Company. At such time the Note was valued with its embedded derivative and discount. On September 25, 2017, $16,250 in principal on this note was satisfied by the conversion into 25,000 shares of the Company’s common stock leaving a balance on the note of $133,750 at December 31, 2017. During the quarter-ended March 31, 2018, $15,000 in principal on this note was satisfied by the conversion into 60,000 shares of the Company’s common stock. During the quarter-ended June 30, 2018, $7,500 in principal on this note was converted into 30,000 shares of the company’s common stock. In addition, on May 26, 2018, the original note holder sold $20,000 in principal to an unrelated third-party investor with the same terms as the original note thereby leaving a balance on the original note of $80,250 at June 30, 2018 and a balance of $20,000 to the new third-party noteholder.

Convertible Notes Payable - LG (8%) (Notes 5 & 6)

On January 25, 2018 the Company issued a convertible note payable (promissory note) to an investor in the principal amount of $78,750. The note matures on January 25, 2019 and bears interest at 8%. The note holder has the right at any time on or after the day that is six months from January 25, 2018 to convert any part or all of the outstanding unpaid principal balance into shares of the Company’s common stock. The entire principal balance of $78,750 is outstanding as of June 30, 2018. The embedded derivative and related derivative discount on this convertible note, although not convertible during the six months ended June 30, 2018, has nonetheless been valued and recorded on the books as of April 1, 2018 in accordance with ASC 815. 

On June 4, 2018 the Company issued a convertible note payable (promissory note) to an investor in the principal amount of $52,500. The note matures on June 4, 2019 and bears interest at 8%. The note holder has the right at any time on or after the day that is six months from June 4, 2018 to convert any part or all of the outstanding unpaid principal balance into shares of the Company’s common stock. The entire principal balance of $52,500 is outstanding as of June 30, 2018. The embedded derivative and related derivative discount on this convertible note, although not convertible during the six months ended June 30, 2018, has nonetheless been valued and recorded on the books as of June 4, 2018 in accordance with ASC 815. 

The Company’s convertible notes payable and the related derivative liabilities, derivative discount, deferred financing costs and original-issue discount are presented in the financial statements at June 30, 2018 as follows:

6/30/2018											Total
	Remaining Principal		Original Issue		Derivative			Deferred Financing			Convertible Notes		Derivative
Debt	Amount		Discount		Discount			Costs			Payable		Liability
Note Payable - BS	$	125									$	125
Note Payable - SF		60										60
Note Payable - SD		15,000										15,000
Note Payable - NW		715										715
Note Payable - MC #2		890										890
Convertible Note Payable - JR (5%)		50,000										50,000
Convertible Note Payable - HG (10%)		20,000										20,000
Convertible Note Payable - CB (5%)		-										-		904
Convertible Notes Payable - SO (8%)		2,452										2,452		2,638
Convertible Note Payable - LGC (8%) 1		45,500										45,500		38,808
Convertible Note Payable - LGC (8%) 2		125,000				-						125,000		105,824
Convertible Note Payable - LGC (8%) 3		125,000				(97,259	)		(120	)		27,621		111,685
Convertible Note Payable - LGC (8%) 4		125,000				(98,271	)		(599	)		26,130		105,118
Convertible Note Payable - MLM (10%) (Related party)		80,250				(48,400	)					31,850		130,656
Convertible Note Payable - LGC (8%) 5		78,750				(58,646	)		(2,332	)		17,772		66,031
Convertible Note Payable - LGC (8%) 6		52,500				(41,500	)		(2,315	)		8,685		42,755
	$	721,242	$	-	$	(344,076	)	$	(5,366	)	$	371,800	$	604,419

14

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

As of June 30, 2018, the convertible notes payable can be converted into approximately 826,747 shares of common stock.

Note 6. DERIVATIVES AND FAIR VALUE INSTRUMENTS

The Company applied paragraph 815-10-05-4 of the FASB Accounting Standards Codification to the 5% Convertible Notes Payable issued June 12th 2015 and the 8% Convertible Note payable issued June 25th 2015 and for the 8% Convertible Notes Payable issued January 7, 2016 and March 7, 2016 and the 9% Convertible Note payable issued October 1, 2016. Based on the guidance in paragraph 815-10-05-4 of the FASB Accounting Standards Codification the Company concluded these instruments were required to be accounted for as derivatives on issuance date. The Company records the fair value of the Convertible Notes Payable and certain warrants that are classified as derivatives on issuance date and the fair value changes on each reporting date reflected in the consolidated statements of operations as “Change in Fair Value - derivatives.” These derivative instruments are not designated as hedging instruments under paragraph 815-10-05-4 of the FASB Accounting Standards Codification and are disclosed on the balance sheet under Derivative Liabilities.

The Company follows paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments and paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data.

Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.

The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, prepayments and other current assets, accounts payable, and accrued expenses, approximate their fair values because of the short maturity of these instruments.

The Company’s Level 3 financial liabilities consist of the 5% Convertible Notes Payable issued June 12th 2015 and the 8% Convertible Note payable issued June 25th 2015 and for the 8% Convertible Notes Payable issued January 7, 2016 and March 7, 2016 and May 1, 2017 and June 2, 2017 and July 10, 2017 and August 15, 2017, the 9% Convertible Note payable issued October 1, 2016, The 8% Convertible note payable issued January 25, 2018 and the 8% Convertible note payable issued June 4, 2018 for which there is no current market for these securities such that the determination of fair value requires significant judgment or estimation. We have valued the automatic conditional conversion, re-pricing/down-round, change of control; default and follow-on offering provisions using a lattice model, with the assistance of a valuation consultant, for which management understands the methodologies. These models incorporate transaction details such as Company stock price, contractual terms, maturity, risk free rates, as well as assumptions about future financings, volatility, and holder behavior as of issuance and June 30, 2018. The primary assumptions include: projected annual volatility of 145%-240%; the follow-on securities purchase option; the conversion feature as a percentage of Market; automatic/conditional conversions; market price trigger events. 

As of June 30, 2018 the Company’s derivative financial instruments included:

1) Embedded derivatives associated with certain of the Company’s unsecured convertible notes payable. The Company’s 5% convertible notes payable and 8% convertible notes payable and 9% convertible note payable issued to unrelated investors is a hybrid instrument, which warrants separate accounting as a derivative instrument. The embedded derivative feature has been bifurcated from the debt host contract, referred to as the Derivative Liability, which resulted in a reduction of the initial carrying amount (as unamortized discount) of the Convertible Notes Payable. The unamortized discount is amortized to interest expense using the effective interest method over the life of the Notes. The embedded derivative feature includes the conversion feature within the notes and an early redemption option. The compound embedded derivatives within the convertible notes have been recorded at fair value at the date of issuance; and are marked-to-market each reporting period with changes in fair value recorded to the Company’s statement of operations as Change in fair value of derivative liabilities.

15

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

The 5% Convertible Note Payable and the 8% Convertible Notes Payable and the 9% convertible note payable are valued at June 30, 2017. The following assumptions were used for the valuation of the embedded derivative:

- The post reverse split (1,000:1) stock price of $0.50 decreased to $0.40 in this period (basis for the variable conversion price) would fluctuate with the Company projected volatility;

- An event of default for the Convertible Note would occur 0% of the time, increasing 1.00% per month to a maximum of 5.0%;

- Alternative financing for the Convertible Note would be initially available to redeem the note 0% of the time and increase monthly by 1% to a maximum of 10%;

- Capital raising events (a single financing at 1 month from the valuation date) are a factor for the VV Convertible Note. The full reset events projected to occur based on future stock issuance (single event) resulting in a reset exercise price.

- The monthly trading volume would average $579,941 (rounded) as of 6/30/2018 and would increase at 5% per month; ownership limits conversion across LG’s notes based on 4.99% with shares outstanding increasing monthly by 1%.

- The variable conversion price of 50% to 58% over 3 to 20 trading days would have effective rates of 45.89% to 55.04%;

- The Note Holders would automatically convert the notes early (and not hold to maturity) with variable conversion prices and full ratchet resets if the registration was effective and not in default;

- The projected annual volatility for each valuation period was based on the historical volatility of the company:

3/31/2018	240	%	4/18/2018	205	%
4/1/2018	232	%	4/30/2018	216	%
4/1/2018	207	%	5/11/2018	212	%
4/6/2018	198	%	5/16/2018	210	%
4/13/2018	145	%	5/21/2018	212	%
4/14/2018	205	%	6/27/2018	179	%
			6/30/2018	204	%

The foregoing assumptions are reviewed quarterly and are subject to change based primarily on management’s assessment of the probability of the events described occurring. Accordingly, changes to these assessments could materially affect the valuation.

16

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

The Company’s derivative liabilities on convertible notes payable are presented at market value in the financial statements at June 30, 2018 as follows:

6/30/2018 Convertible Note	Derivative Treatment Date	Maturity Date	Principal Note Amount		Original Derivative Valuation		Derivative Valuation December 31, 2017		Quarter Ended March 31, 2018 Issuances		Quarter Ended March 31, 2018 Conversions			Ended March 31, 2018 Mark-to- Market			Derivative Valuation March 31, 2018		Quarter Ended June 30, 2018 Issuances		Quarter Ended June 30, 2018 Conversions			Ended June 30, 2018 Mark-to- Market			Derivative Valuation June 30, 2018
8% Convertible Note Payable- issued 5/2/2016	10/1/2016	5/2/2017	$	57,750	$	58,355	$	24,925			$	(26,745	)	$	5,123		$	3,303						$	(665	)	$	2,638
5 % Convertible Note- Payable- issued 6/12/2015	4/12/2016	1/7/2017		35,863		37,827	$	832			$	-			305		$	1,137							(233	)	$	904
9% Convertible Notes Payable- issued 10/01/2016	3/26/2017	3/27/2018		157,895		56,956	$	-									$	-									$	-
8% Convertible Notes Payable- issued January 7, 2016	1/7/2016	1/7/2017		105,000		87,287		-									$	-									$	-
8% Convertible Notes Payable- issued January 7, 2016	1/7/2016	1/7/2017		50,000		15,803	$	-									$	-									$	-
8% Convertible Notes Payable- issued March 7, 2016	3/7/2016	3/7/2017		50,000		87,538	$	-									$	-									$	-
8% Convertible Notes Payable- issued March 7, 2016	3/7/2016	1/7/2017		46,803		82,115	$	-									$	-									$	-
8% Convertible Notes Payable- issued May 1, 2016	10/28/2017	5/1/2018		131,250		103,294	$	52,989			$	(31,013	)		8,541		$	30,517			$	(9,148	)		17,439		$	38,808
8% Convertible Notes Payable- issued June 7, 2016	12/4/2017	6/7/2018		125,000		90,596	$	64,458							(14,452	)	$	50,006							55,818		$	105,824
10% Convertible Notes Payable- issued March 8, 2016	9/15/2017	9/8/2018		150,000		167,164	$	108,682			$	(19,359	)		23,426		$	112,749			$	(26,895	)		44,802		$	130,656
8% Convertible Notes Payable- issued August 15, 2017	4/1/2018	8/15/2018		125,000		108,878	$	-									$	-		108,878					(3,760	)	$	105,118
8% Convertible Notes Payable- issued July 10, 2017	4/1/2018	7/10/2018		125,000		108,061	$	-									$	-		108,061					3,092		$	111,153
8% Convertible Notes Payable- issued January 25, 2018	4/1/2018	1/25/2019		78,750		65,896	$	-									$	-		65,896					135		$	66,031
8% Convertible Notes Payable- issued June 4, 2017	6/4/2018	6/4/2018		52,500		42,755	$	-									$	-		42,755					532		$	43,287
			$	1,290,811	$	1,112,525	$	251,886	$	-	$	(77,117	)	$	22,943		$	197,712	$	325,590	$	(36,043	)	$	117,160		$	604,419

17

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

The Company’s mark-to-market fair value adjustment ((income)/expense) for the quarter ended June 30, 2018 totaled $117,160. 

Note 7. STOCKHOLDERS’ EQUITY

Effective July 23, 2018, the Company effected a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073. All fractional shares have been rounded up to the next whole share. There is no reduction in the number of the Company’s shareholders of record. Unless otherwise noted, impacted amounts and share information included in the financial statements and notes thereto have been retroactively adjusted for the reverse stock split as if such reverse stock split occurred on the first day of the first period presented.

As a result of the aforementioned reverse stock split, additional paid-in-capital was increased by $140,169 and $84,861 as of June 30, 2018 and December 31, 2017 respectively on the balance sheet with a corresponding decrease in the par value of common stock issued as of the same dates.

The Company has authorized 4,000,000,000 shares of common stock with a par value of $0.0001 per share. Effective September 19, 2017, the Company amended its Articles of Incorporation to increase its authorized Common Stock to 4,000,000,000 shares. There were 1,403,063 and 849,437 shares of common stock issued and outstanding at June 30, 2018 and December 31, 2017, respectively.

The Company has authorized 1,000,000 shares of Series A preferred stock with a par value of $0.0001 per share. At June 30, 2018 and December 31, 2017, there were 500,000 shares and 500,000 shares of Series A preferred stock were issued and outstanding respectively. The preferred stock has preferential voting rights of 2,000 votes per outstanding share.

The Company has authorized 50,000 shares of Series B convertible preferred stock with a par value of $0.0001 per share. At December 31, 2016 there were 39,000 shares issued of which 12,900 shares of Series B preferred were converted into common stock in accordance with the terms of the Series B Preferred stock. Therefore; there were 26,100 shares outstanding at December 31, 2016. The Series B preferred stock has no voting rights. During the quarter ended March 31, 2017, 18,100 shares of Series B preferred shares were converted into common stock in accordance with the terms of the Series B preferred stock. As of result there were 8,000 shares of Series B preferred shares outstanding at June 30, 2018. The holders of the Series B convertible preferred stock have the right to convert the same into Common Stock of the Corporation at the ratio of one (1) share of Series B Convertible Preferred for five hundred (500) shares of Common Stock.

During the quarter ended March 31, 2017, the Company issued an aggregate 43,000 shares of common stock for services provided to the Company.

During the quarter ended March 31, 2017, the Company issued an aggregate 112,498 shares of common stock as partial conversion of notes.

During the quarter ended March 31, 2017, the Company issued an aggregate 9,050 shares of common stock for conversion of 18,100 shares of Preferred Series B stock.

During the quarter ended June 30, 2017, the Company issued an aggregate 33,000 shares of common stock for services provided to the Company.

During the quarter ended June 30, 2017, the Company issued an aggregate 177,073 shares of common stock as partial conversion of notes and accrued interest.

During the quarter ended June 30, 2017, the Company issued an aggregate 450,000 shares of Preferred Series A stock at par of $.0001.

During the quarter ended September 30, 2017, the Company issued an aggregate 41,000 shares of common stock for services provided to the Company.

During the quarter ended September 30, 2017, the Company issued an aggregate 62,196 shares of common stock as partial conversion of notes and accrued interest.

During the quarter ended December 31, 2017, the Company issued an aggregate 71,000 shares of common stock for services provided to the Company.

During the quarter ended December 31, 2017, the Company issued an aggregate 74,772 shares of common stock as partial conversion of notes and accrued interest.

During the quarter ended March 31, 2018, the Company issued an aggregate 18,000 shares of common stock for services provided to the Company.

During the quarter ended March 31, 2018, the Company issued an aggregate 376,111 shares of common stock as partial conversion of notes and accrued interest.

18

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

During the quarter ended June 30, 2018, the Company issued an aggregate 67,500 shares of common for services provided to the Company.

During the quarter ended June 30, 2018, the Company issued an aggregate 92,015 shares of common stock as partial conversion of notes and accrued interest.

Note 8. COMMITMENTS AND CONTINGENCIES

The Company currently has three office locations. It rents offices on a month-to-month basis from the Company’s President and stockholder for $525 per month which amounted to $1,575 or the quarter ended June 30, 2018. The Company also has ready-to-go office space available to be used for meetings etc. at a nominal cost of approximately $100 per month with no commitment. The cost of this space for the quarter ended June 30, 2018 was $297. On September 12th 2016 the Company entered into a commercial lease agreement for office premises at an original cost of $650 per month for a one-year term with the option to renew for one extended term of three years. In July 2017 the Company leased additional space at this location thereby increasing the monthly rent to $1,550. The cost of this space for the quarter ended June 30, 2018 was $4,650. A new lease was signed in March 2018 for the same space. The following are the minimum required lease payments under the lease for the next four years:

2018	-	$	17,200
2019	-	$	24,600
2020	-	$	24,600
2021	-	$	4,100

Total rent expense for the six months ended June 30, 2018 and 2017 was $12,344 and $7,644 respectively. In March 2018, the Company prepaid four months of rent totaling $6,200 of which $1,550 is still prepaid and on the balance sheet at June 30, 2018.

The Company has agreements with consultants for ongoing services to be rendered with the following commitments:

	Commitment	Term
Consultant - FDA requirements and compliance	$2,000 per month	12 Months
Consultant - capital formation and market services	Various equity percentage issuances of restricted stock for fundings	6 Months
Consultant - tradeshow attendance, strategy and collaboration, coordination regarding FDA compliance, manufacturing operations, sales and marketing, other related services	$10,000 per month (payable quarterly in cash or common stock from the 2016/2017 Equity Incentive Plan)	12 Months

Note 9. INCOME TAXES

The Company accounts for income taxes under the asset and liability approach. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse.

The Company’s deferred tax asset consists primarily of carryforward net operating losses (NOLs). The Company believes that, at this time, it is more likely than not that the benefit of the NOLs will not be realized. As of June 30, 2018, the Company had provided a valuation allowance to fully reserve its net operating loss carryforwards and other items giving rise to deferred tax assets, primarily as a result of anticipated net losses for income tax purposes and has therefore recorded a full valuation allowance.

Note 10. RELATED PARTY TRANSACTIONS

In August 2015, the Company acquired 100% of the issued and outstanding common stock of Medical Lasers Manufacturer, Inc. (“MLM”) from a stockholder and officer of the Company for 20,000 common shares which were valued at $0.001 per share. All intercompany transactions were eliminated during consolidation.

As more fully described in Note 3 to the Consolidated Financial Statements, the Company owed the following amounts to related parties as of the following:

	30-Jun		December 31
	2018		2017
Due to Related Party	$	8,921	$	8,921
Due to officer/stockholder		8,955		8,398
Due to other stockholders		6,100		6,790
Total Related Party Obligations	$	23,976	$	24,109

19

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

The company has entered into an employment agreement with its Chief Executive Officer (CEO) for the five year period beginning January 1, 2012. The agreement provides for base compensation, annual bonus, benefits, vacation and reimbursements. Under this agreement, the base compensation of the Company’s CEO is $100,000 per annum which has been accrued for the years ended December 31, 2015 and 2014. In mid-year 2016 the Company commenced payroll and is paying the CEO for current wages in this manner. During the year ended December 31, 2016, $18,974 in accrued compensation was paid. Accrued compensation in the amount of $30,000 was converted to shares of common stock during 2015. In the quarter ended June 30, 2017, $45 in accrued CEO compensation was converted to Series A Preferred shares. During the quarter ended September 30, 2017, $25,500 in accrued compensation was paid to the CEO. Effective October 1, 2017, the employment agreement between the Company and its CEO was amended to increase the annual salary to $150,000. During the quarter ended December 31, 2017 $44,673 in accrued compensation was paid to the CEO. As of June 30, 2018, the company owes accrued compensation to its CEO in the amount of $394,905.

As more fully described in Note 1-Intangible Asset-Licensing Agreement, on March 8th 2016 (with an effective date of October 1, 2015) the Company entered into a Licensing Agreement with a Florida Corporation (Licensor) that is owned by a related party. The Company issued 25,000 shares of Series B Preferred stock to the Licensor as partial consideration for the Licensing agreement plus a $150,000 promissory note to the Licensor for the balance of the consideration. During the quarter-ended March 31, 2016, 3,400 shares of Series B Preferred stock were converted into 1,700,000 shares of common stock in accordance with the terms of the Series B Preferred stock. During the quarter ended March 31, 2017, 18,100 shares of Series B preferred stock was converted into 9,050 shares of common stock in accordance with the terms of the Series B Preferred stock.

As more fully described in Note 1 and Note 5 to the financial statements, $18,986 in accrued interest on the $150,000 note was satisfied through the issuance of 17,273 shares of the Company’s common stock. On September 15, 2017 the Note was amended to include provisions to allow conversion of the Note into common stock of the Company. At such time the Note was valued with its embedded derivative and discount. On September 25, 2017, $16,250 in principal on this note was satisfied by the conversion into 25,000 shares of the Company’s common stock. During the quarter ended March 31, 2018, $15,000 in principal on this note was satisfied by the conversion into 60,000 shares of the Company’s common stock. During the quarter ended June 30, 2018, $7,500 in principal on this note was satisfied by the conversion into 30,000 shares of the Company’s common stock. During the quarter ended June 30, 2018 the original related-party noteholder sold $20,000 in principal on this note to an unrelated third-party investor thereby leaving $80,250 in principal balance due to the related party original noteholder and $20,000 in principal due to the unrelated third-party investor.

Note 11. BASIS OF REPORTING - GOING CONCERN

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business.

The Company has incurred losses from inception of approximately $4,386,853 which, among other factors, raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon management’s plans to raise additional capital from the sale of stock and to receive additional financing and to commence sales of its flagship product and create revenue. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern. Management believes the Company’s present cash and cash equivalents will not enable it to meet its obligations for twelve months from the date these financial statements are available to be issued unless the Company received additional funding.

Note 12. STOCK COMPENSATION - EQUITY INCENTIVE PLAN

In July 2016, the Company adopted the Medifirst Solutions, Inc. 2016 Equity Incentive Plan (the “Plan”) pursuant to which the Company may grant stock options, restricted stock purchase offers and other equity-based awards up to an aggregate of 20,000 shares of common stock. The Plan is designed to retain directors, executives and selected employees and consultants and reward them for making contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the Plan thereby providing Participants with a proprietary interest in the growth and performance of the Company.

On December 6th, 2016 the company amended the terms of the Plan and filed an S-8 Registration Statement with the Securities and Exchange Commission (“SEC”) increasing the number of shares permitted to be issued under the Plan to 32,000.

During the quarter ended March 31, 2017, the Company issued from the Plan a total of 27,100 shares of common stock to non-employees for services rendered. As of March 31, 2017 there is a balance of -0- shares available for future issuance under the Medifirst Solutions, Inc. 2016 Equity Incentive Plan.

20

Medifirst Solutions, Inc.

Notes to Consolidated Financial Statements

June 30, 2018

In May 2017, the Company adopted the Medifirst Solutions, Inc. 2017 Equity Incentive Plan (the “2017 Plan”) pursuant to which the Company may grant stock options, restricted stock purchase offers and other equity-based awards up to an aggregate of 125,000 shares of common stock. The Plan is designed to retain directors, executives and selected employees and consultants and reward them for making contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the Plan thereby providing Participants with a proprietary interest in the growth and performance of the Company. During the year ended December 31, 2017, the Company issued from the Plan 108,000 shares to non-employees for services rendered. As of December 31, 2017 there is a balance of 17,000 shares available for future issuance under the Medifirst Solutions, Inc. 2017 Equity Incentive Plan.

In January 2018, the Company adopted the Medifirst Solutions, Inc. 2018 Equity Incentive Plan (the “2018 Plan”) pursuant to which the Company may grant stock options, restricted stock purchase offers and other equity-based awards up to an aggregate of 175,000 shares of common stock. The Plan is designed to retain directors, executives and selected employees and consultants and reward them for making contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the Plan thereby providing Participants with a proprietary interest in the growth and performance of the Company.

During the quarter ended March 31, 2018, the Company issued from the 2018 Plan a total of 4,000 shares of common stock to non-employees for services rendered. As of March 31, 2018 there is a balance of 188,000 shares available for future issuance under the Medifirst Solutions, Inc. 2018 Equity Incentive Plan.

During the quarter ended June 30, 2018, the Company issued from the 2018 Plan a total of 17,500 shares of common stock to non-employees for services rendered. As of June 30, 2018 there is a balance of 170,500 shares available for future issuance under the Medifirst Solutions, Inc. 2018 Equity Incentive Plan.

Note 13. SUBSEQUENT EVENTS

Effective July 23, 2018, the Company completed a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073. All fractional shares have been rounded up to the next whole share. There is no reduction in the number of the Company’s shareholders of record. The Company’s trading symbol will be MFSTD. The symbol will revert back to MFST twenty (20) business days after the effective date. Unless otherwise noted, impacted amounts and share information included in the financial statements and notes thereto have been retroactively adjusted for the reverse stock split as if such reverse stock split occurred on the first day of the first period presented.

As a result of the aforementioned reverse stock split, additional paid-in-capital was increased by $140,169 and $84,861 as of June 30, 2018 and December 31, 2017 respectively on the balance sheet with a corresponding decrease in the par value of common stock issued as of the same dates.

Subsequent to the quarter ended June 30, 2018 and after the above referenced reverse stock-split, the Company issued an aggregate of 82,188 shares of Common Stock for services rendered by consultants and professionals.

Subsequent to the quarter ended June 30, 2018 and after the above referenced reverse stock-split, the Company issued an aggregate 139,439 shares of Common Stock upon conversions of an aggregate principal amount equal to $4,300 outstanding convertible promissory notes and $217 in accrued interest.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

In this report, unless the context indicates otherwise, the terms “Medifirst,” “Company,” “we,” “us,” and “our” refer to Medifirst Solutions, Inc., a Nevada corporation, and its subsidiary, Medical Lasers Manufacturer, Inc., a Nevada corporation.

Forward-Looking Statements

The information in this report contains forward-looking statements. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as “believes,” “estimates,” “could,” “possibly,” “probably,” anticipates,” “projects,” “expects,” “may,” “will,” or “should” or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management’s current expectations and are inherently uncertain. Our actual results may differ significantly from management’s expectations.

The following discussion and analysis should be read in conjunction with our financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.

Plan of Operation

Medifirst Solutions, Inc. was incorporated in Nevada in November 2010. Our principal executive office is located at 4400 U.S. 9 South, Suite 1000, Freehold NJ, 07726, and our telephone number is (732) 786-8044. Our website address is www.medifirstsolutions.com. The Company began as a development stage company focused on developing products within the healthcare market for both consumer and professional applications. In 2015, the Company made a strategic decision to add laser technology to its health and wellness division and discontinue its efforts with its light therapy and water generator products. Management believed that it was in the best interest of the Company and its shareholders to narrow its focus and business to developing its laser technology, which lasers are expected to target professionals that treat pain and inflammation, as well as cosmetic and skincare related conditions. In connection with the changed focus, the Company began to develop a product that if successfully cleared by the U.S. Food and Drug Administration, was the first in a series of proprietary medical devices for the Company.

Medifirst, through its wholly-owned subsidiary Medical Laser Manufacturer, Inc., entered into an exclusive manufacturing agreement to produce what is now its hand-held mobile laser system known as “The Time Machine Program” for which the Company purchased the registered trademark. In addition, it entered into a Product and Know-How License Agreement (the “License Agreement”) with Laser Lab Corp to license the use of various intellectual property in connection with seeking regulatory approval for and marketing, distributing and selling The Time Machine Series Lasers (“TTM Series”). Although the License is not exclusive, Laser Lab Corp may not license the know-how or inventions to a third party and may only directly, or through its wholly-owned subsidiary, use the know-how and inventions. In addition to the license granted to the Company, the License Agreement provides for an option to license other fields of use of the infrared laser in the TTM Series, as well as additional wavelengths and colors, allowing the Company to develop a broader range of product offerings in the future.

On July 8, 2016, we received clearance from the FDA to market its infrared Time Machine TTML-8102000 Laser Thermal Therapeutic Device. The FDA does not give advance notice or define a timeline during their evaluation for 510(k) clearance. Generally, when 510(k) clearance is granted, an early stage medical device company, such as Medifirst, is required to put together an infrastructure, including (i) new office space, (ii) instituting FDA controls and procedures, (iii) fine-tuning manufacturing, (iv) building and executing on a sales strategies, (v) producing custom-made cases and packaging for the medical device, and (vi) aligning all staffing, consulting and personnel needs. As Medifirst was aware that the FDA time frame was unknown and 510(k) clearance was not guaranteed, we intentionally delayed the aggressive expansion of our operations and production before successfully receiving clearance to begin sales. Since receiving clearance, we presented our laser and established business relationships in Morocco, China, Asia, Mid-East and other international countries and markets. The international markets, although requiring complicated registration processes and ground work, offer the opportunity for large bulk sales which would be very beneficial for the Company's growth. Medifirst believes it has made significant progress in setting up a sales and corporate infrastructure and continues to advance these efforts.

22

On April 18, 2018, the Company incorporated a Concierge Concepts Rx (CCRx), in the State of New Jersey, as an 80% majority-owned subsidiary. In consideration for his contribution of know-how, CCRx’s co-founder, Walter Molokie, CCRx has agreed to issue a 20% minority interest in CCRx to Mr. Molokie and/or his designees.

Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve (12) months. Our auditors’ opinion is based on the uncertainty of our ability to establish profitable operations. The opinion results from the fact that we have not generated significant revenues. Accordingly, we must raise cash from operations or from investments by others in the Company to continue our operations. Our sole officer and director is responsible for our managerial and organizational structure, which will include preparation of disclosure and accounting controls under the Sarbanes Oxley Act of 2002. When these controls are implemented, he will be responsible for the administration of the controls. Should he not have sufficient experience, he may be incapable of creating and implementing the controls which may cause us to be subject to sanctions and fines by the SEC which ultimately could cause you to lose your investment.

Recent Developments

On July 23, 2018, the Company completed a 1-for-1,000 reverse stock split of its issued and outstanding common stock.

Medifirst recently launched Concierge Concepts Rx, a new division focused on the pharmaceutical industry. Concierge Concepts Rx (CCRx) provides unique specialty drug consulting and niche billing services to independent pharmacies and retail pharmacy chains. Specialty drugs can greatly increase revenue for pharmacies that are struggling to maintain profitability. Our services of pharmacy consulting and revenue stream management, utilizing of over 60 years of combined specialty pharmacy and infusion therapy experience, will look to increase profits for these pharmacies. CCRx offers its clients a suite of services that include: clinical review, expedited medical insurance verification and authorization, training for drug dispensing, insurance billing, collections, and reconciliation. The billing services will address any denials and include appeals and re-submissions. CCRx will provide key services to undervalued clients by securing reimbursement of overlooked revenue within the ever-expanding specialty drug segment of the pharmacy market.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2018 COMPARED TO THE THREE MONTHS ENDED JUNE 30, 2017

Revenues

During the three months ended June 30, 2018 and 2017, the Company’s revenue from the sale of its products was equal to $-0- and $-0-, respectively. The Company is still in developmental stage and does not generate significant revenue.

Expenses

For the three months ended June 30, 2018 and 2017, expenses were $163,036 and $192,853, respectively. The reason for the decrease in expenses was primarily due to substantial decreases in consulting fees and professional fees and lab testing.

Legal, Accounting, Consulting and Professional Fees

For the three months ended June 30, 2018 and 2017 professional fees were $84,782 and $123,955, respectively. The decrease was due to reduced consulting and professional fees incurred during the quarter.

23

Other Income/(Expense)

For the three months ended June 30, 2018 and 2017, other income was $1 and $75,235, respectively, and other expenses were ($273,292) and ($184,117), respectively. These changes were all due to the changes in fair value of derivatives for the quarter and interest expense on debt, interest income on investor notes receivable, interest income on savings account, amortization of original issue discount, amortization of deferred financing costs and derivative discount amortization.

Net Income/(Loss)

For the three months ended June 30, 2018 and 2017 the Company had a net loss of ($436,327) and ($301,735). 

RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2018 COMPARED TO THE SIX MONTHS ENDED JUNE 30, 2017

Revenues

During the six months ended June 30, 2018 and 2017, the Company’s revenue from the sale of its products was equal to $4,550 and $9,995, respectively. The Company is still in developmental stage and does not generate significant revenue.

Expenses

For the six months ended June 30, 2018 and 2017, expenses were $304,130 and $588,174, respectively. The reason for the decrease in expenses was primarily due to substantial decreases in: advertising and promotions costs, consulting fees, professional fees and lab testing.

Legal, Accounting, Consulting and Professional Fees

For the six months ended June 30, 2018 and 2017 professional fees were $159,197 and $437,520 respectively. The decrease was due to significant reductions in consulting and professional fees incurred during the quarter.

Other Income/(Expense)

For the six months ended June 30, 2018 and 2017, other income was $1 and $2,521, respectively, and other expenses were ($430,938) and ($567,422), respectively. These changes were all due to the changes in fair value of derivatives for the quarter and interest expense on debt, interest income on investor notes receivable, amortization of original issue discount, amortization of deferred financing costs and derivative discount amortization.

Net Income/(Loss)

For the six months ended June 30, 2018 and 2017 the Company had a net loss of ($730,896) and ($1,143,433). 

Liquidity and Capital Resources

Since incorporation, we have financed our operations through the private placement of our common stock to selected investors and periodic borrowings from our stockholders. At June 30, 2018 and December 31, 2017, our principal sources of liquidity included cash of $172,848 and $287,569, respectively.

As of June 30, 2018, we did not have any significant commitments for capital expenditures.

24

If we do not generate sufficient cash flow to support our operations over the next twelve (12) months, in order to continue as a going concern we may need to raise additional capital by issuing capital stock in exchange for cash. There are no formal or informal agreements to attain such financing. The Company’s ability to obtain additional capital on acceptable terms is subject to a variety of uncertainties, including: investors’ perception of, and demand for, securities of companies in our industry; conditions of the U.S. and other capital markets in which we may seek to raise funds; future results of operations, financial condition and cash flow. Therefore, the Company’s management cannot assure that financing will be available in amounts or on terms acceptable to the Company, or if at all. Any failure by the Company’s management to raise additional funds on terms favorable to the Company could have a material adverse effect on the Company’s liquidity and financial condition.

Critical Accounting Policies

Our significant accounting policies are summarized in Note 1 of our consolidated financial statements. While all these significant accounting policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause an effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.

Off Balance Sheet Arrangements

The Company has no off-balance sheet arrangements.

Recently Adopted Accounting Pronouncements

Please see Note 2 of our consolidated financial statements that describe the impact, if any, from the adoption of Recent Accounting Pronouncements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The Company is a smaller reporting company, as defined by Rule 229.10(f)(1) and is not required to provide the information required by this Item.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our management has evaluated, under the supervision and with the participation of our principal executive and principal financial officers, the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (the “Exchange Act”). Based on that evaluation, our principal executive and financial officers concluded that, as of the end of the period covered by this report, due to the inadequate recordation of certain transactions and communication of those transactions to those integral to our disclosure procedures, our disclosure controls and procedures were not effective in ensuring that information required to be disclosed in our Exchange Act reports is (1) recorded, processed, summarized and reported in a timely manner, and (2) accumulated and communicated to our management, including our principal executive and financial officers, as appropriate to allow timely decisions regarding required disclosure. 

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

25

PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

None

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Recent Sales of Unregistered Securities

During the 6-month period ended June 30, 2018, the Company issued 468,126 shares of Common Stock upon conversions of a principal amount equal to $173,892 of outstanding convertible promissory notes.

During the 6-month period ended June 30, 2018, the Company issued an aggregate of 75,500 shares of Common Stock for consulting services.

Subsequent to June 30, 2018, the Company issued 139,439 shares of Common Stock upon conversions of an aggregate principal amount of $4,300 of outstanding convertible promissory notes and $217.47 in accrued interest thereon.

Subsequent to June 30, 2018, the Company issued an aggregate of 82,188 shares of Common Stock for consulting services.

Each of the foregoing transactions was exempt from the registrations requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof. In the alternative, the common stock issued upon the exercise of conversion rights is an exempt security pursuant to Section 3(a) (9) of the Securities Act of 1933, as amended.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures

Not Applicable

Item 5. Other Information.

There have been no material changes to the procedures by which our security holders may recommend nominees to the board of directors.

Item 6. Exhibits.

31.1.	Certification of the Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2.	Certification of the Chief Executive Officer and Principal Executive Officer Pursuant to 13a-14 and 15d-14 of the Securities Exchange Act of 1934.
32.1.	Certification of the Chief Financial Officer and Principal Financial Officer Pursuant to 13a-14 and 15d-14 of the Securities Exchange Act of 1934.
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

26

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this quarterly report to be signed on its behalf by the undersigned hereunto duly authorized.

August 20, 2018	By:	/s/ Bruce Schoengood
		Bruce Schoengood Chief Executive Officer (Principal Executive Officer)

By:	/s/ Bruce Schoengood
	Bruce Schoengood Chief Financial Officer
	(Principal Financial Officer)

27

EX-31.1

Exhibit 31.1

CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER

PURSUANT TO RULES 13A-14 AND 15D-14

OF THE SECURITIES EXCHANGE ACT OF 1934

I, Bruce Schoengood, certify that:

1)	I have reviewed this quarterly report on Form 10-Q of MEDIFIRST SOLUTIONS, INC.;
2)	Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;
3)	Based on my knowledge, the financial statements and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant , including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared.

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and

d. Disclosed in this quarterly report any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5) The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 20, 2018	/s/ Bruce Schoengood
	Bruce Schoengood
	Chief Executive Officer and President
	(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATIONS OF CHIEF FINANCIAL OFFICER

PURSUANT TO RULES 13A-14 AND 15D-14

OF THE SECURITIES EXCHANGE ACT OF 1934

I, Bruce Schoengood, certify that:

1) I have reviewed this quarterly report on Form 10-Q of MEDIFIRST SOLUTIONS, INC.;

2) Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3) Based on my knowledge, the financial statements and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant , including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared.

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and

d. Disclosed in this quarterly report any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5) The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 20, 2018	/s/ Bruce Schoengood
	Bruce Schoengood
	Chief Financial Officer
	(Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of MEDIFIRST SOLUTIONS, INC. (“Company”) on Form 10-Q for the quarter ending June 30, 2018, as filed with the Securities and Exchange Commission on the date hereof (“Report”), the undersigned, in the capacities and on the date indicated below, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 20, 2018	By:	/s/ Bruce Schoengood
		Bruce Schoengood
		Chief Executive Officer
		(Principal Executive Officer) (Principal Financial Officer)

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 20, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Medifirst Solutions, Inc.
Entity Central Index Key	0001522704
Trading Symbol	MFSTD
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,624,690

XML

Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Current Assets:
Cash	$ 172,848	$ 287,569
Inventory	33,056	33,435
Prepaid items	1,550
Total current assets	207,454	321,004
Property, Plant and Equipment, net	912	1,232
Other Assets
Security Deposit	650	650
Intangible Asset - License Agreement, net	108,752	116,252
Total other assets	109,402	116,902
Total Assets	317,768	439,138
Liabilities
Accounts payable and accrued expenses	156,850	97,621
Accrued expenses - officer's compensation	394,905	401,079
Due to related party	8,921	8,921
Loans payable - stockholders	14,042	14,499
Note Payable for license agreement
Convertible notes payable	291,549	280,351
Convertible notes payable - related party	80,250	133,750
Derivative Liabilities	604,419	251,886
Total current liabilities	1,550,936	1,188,107
Commitments & Contingencies (Note 8)
Stockholders' Equity:
Common stock, $0.0001 par value; 4,000,000,000 shares authorized, 1,403,063 and 849,437 shares issued and outstanding, respectively (Note 7 - amounts restated due to reverse stock split)	140	85
Additional paid in capital	3,162,666	2,916,024
Accumulated deficit	(4,396,025)	(3,665,129)
Total Stockholders' Equity	(1,233,168)	(748,969)
Total Liabilities & Stockholders' Equity	317,768	439,138
Series A preferred stock
Stockholders' Equity:
Preferred stock	50	50
Series B convertible preferred stock
Stockholders' Equity:
Preferred stock	$ 1	$ 1

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	4,000,000,000	4,000,000,000
Common stock, shares issued	1,403,063	849,437
Common stock, shares outstanding	1,403,063	849,437
Series A preferred stock
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	500,000	500,000
Preferred stock, shares outstanding	500,000	500,000
Series B convertible preferred stock
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000	50,000
Preferred stock, shares issued	8,000	8,000
Preferred stock, shares outstanding	8,000	8,000

XML

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statements of Operations [Abstract]
Product sales, net			$ 4,550	$ 9,995
Total Revenues			4,550	9,995
Cost of goods sold			379	353
Gross income			4,171	9,642
Expenses:
Officer's compensation	37,500	25,000	75,000	50,000
Advertising and promotion	1,804	6,085	2,593	25,882
Computer and internet	229	2,436	379	2,642
Consulting fees	44,103	73,900	82,203	263,200
Professional fees	40,679	50,055	76,994	174,320
Rent	6,522	3,822	12,344	7,644
Travel	4,569	2,676	5,439	9,181
Lab testing		8,175		8,175
Dues and subscriptions	1,191	1,181	1,460	2,264
Other	26,439	19,523	47,718	44,866
Total Expenses	163,036	192,853	304,130	588,174
Net loss from Operations before other income, expenses	(163,036)	(192,853)	(299,959)	(578,532)
Other income and (expense)
Interest expense	(156,132)	(184,117)	(290,835)	(275,151)
Interest income	1	2,521	1	2,521
Change in fair value -derivatives	(117,160)	72,714	(140,103)	(292,271)
Net loss before provision for income tax	(436,327)	(301,735)	(730,896)	(1,143,433)
Provision for income taxes
Net Loss	$ (436,327)	$ (301,735)	$ (730,896)	$ (1,143,433)
Loss per common share - Basic and fully diluted	$ (0.32)	$ (0.62)	$ (0.60)	$ (2.80)
Weighted average number of shares outstanding - Basic and fully diluted	1,363,902	486,729	1,215,305	408,230

XML

Consolidated Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net loss	$ (730,896)	$ (1,143,433)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation & amortization expense	7,820	14,070
Stock Based Compensation	36,000	364,525
Change in assets and liabilities
Accrued interest receivable		(2,521)
Accounts payable and accrued expenses	53,055	31,999
Change in fair value - derivatives	140,103	292,271
Amortization of debt discount & other financing costs	260,575	247,002
Related party and stockholder's loan	(457)
Prepaid expenses	(1,550)	15,720
Inventory	379	(14,567)
Net cash used by operating activities	(234,971)	(194,934)
Cash flows from investing activities:
Net cash used by investing activities
Cash flows from financing activities:
Proceeds from stockholder loan		5,000
Principal payments on debt	(11,000)
Proceeds from sale of Convertible notes payable	131,250	256,250
Net cash provided by financing activities	120,250	261,250
Net increase (decrease) in cash	(114,721)	66,316
Cash at beginning of period	287,569	165,017
Cash at end of period	172,848	231,333
Cash paid during the period for:
Income taxes	135	750
Non-cash investing and financing activities:
Common stock issued for convertible debt-related party	22,500	316,211
Common stock issued for note interest and note conversions		630,259
Derivative liability extinguished upon conversion	113,160
Common stock issued for convertible debt with derivatives	64,245
Accounts Payable exchanged for promissory note		15,000
Related party note reclassified to promissory note	$ 20,000

XML

Nature of Operations and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2018

Nature of Operations and Summary of Significant Accounting Policies [Abstract]

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Note 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization

Medifirst Solutions, Inc. (“MSI” or the “Company”) was incorporated in Nevada in November 2010. The Company has not generated significant sales to date. The Company intends to have a diverse product line of consumer products. Since inception, the Company has been engaged in business planning activities, including researching the industry, identifying target markets for the Company’s products, developing the Company’s models and financial forecasts, performing due diligence regarding potential geographic locations most suitable for establishing the Company’s offices and identifying future sources of capital. At the present time, the Company is building products and affiliations in and related to the cosmetic healthcare industry. The company has started to hire a salesforce and sign distribution agreements in anticipation of future sales.

In July 2016, Medifirst, in response to its Premarket Notification 510(k) submission for “The Time Machine” Series Laser, received clearance from the U.S. Food and Drug Administration (“FDA”) to market its infrared Time Machine TTML-8102000 Laser Thermal Therapeutic Device. The Company is actively putting together a sales and distribution team to offer our lasers in the US and foreign markets.

Pursuant to a sale and purchase agreement dated August 19, 2015 between the Company and the Company’s president, the Company acquired 100% of the equity interests in Medical Lasers Manufacturer, Inc. (“MLM”) with the total purchase price of 20,000 shares of the Company’s common stock at $0.001 per share (or $20). The fair value of the acquired entity was $20.

The transaction was considered as a business acquisition and accordingly the acquisition method of accounting has been applied. MLM had no assets at the date of the business combination.

The Consolidated financial statements include the accounts of MSI and its only wholly owned subsidiary, MLM. All material intercompany balances and transactions have been eliminated in consolidation.

Medifirst recently launched Concierge Concepts Rx, a new division focused on the pharmaceutical industry. Concierge Concepts Rx (CCRx) provides unique specialty drug consulting and niche billing services to independent pharmacies and retail pharmacy chains. This division has not yet commenced operations and no activity is included in the accompanying financial statements for CCRx. CCRx is 100% owned by Medifirst.

The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company’s current technology.

Basis of Presentation

The unaudited interim consolidated financial statements include the accounts of Medifirst Solutions Inc. and its wholly owned subsidiary (Medical Laser Manufactures, Inc., (collectively referred to as the “Company”). All material intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the consolidated financial position of the Company as of June 30, 2018, the consolidated results of its operations for the three-month period ended June 30, 2017 and 2018 and six-month period ended June 30, 2017 and 2018, and the consolidated cash flows for the six-month periods ended June 30, 2017 and 2018. The results of operations for the three-month period ended June 30, 2018 are not necessarily indicative of the operating results for the full year. These financial statements should be read in conjunction with the audited consolidated financial statements and related disclosures for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K for the year then ended.

Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or shareholders’ equity.

Effective July 23, 2018, the Company effected a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073. All fractional shares have been rounded up to the next whole share. There is no reduction in the number of the Company’s shareholders of record. Unless otherwise noted, impacted amounts and share information included in the financial statements and notes thereto have been retroactively adjusted for the reverse stock split as if such reverse stock split occurred on the first day of the first period presented.

Revenue Recognition

In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company:

Revenue is recognized at the time the product is delivered or services are performed. Provision for sales returns are estimated based on the Company’s historical return experience. Revenue is presented net of returns.

Accounts Receivable

The Company extends credit to its customers in the normal course of business and performs ongoing credit evaluations of its customers, maintaining an allowance for potential credit losses. Accounts receivable is reported net of the allowance for doubtful accounts. The allowance is based on management’s estimate of the amount of receivables that will actually be collected. The Company has not recorded an allowance for doubtful accounts as of June 30, 2018 or December 31, 2017. There are no customer account receivables as of June 30, 2018 or December 31, 2017.

Inventory

Inventory consists of finished goods and is stated at the lower of cost (first-in, first-out) or market value. Finished goods inventory includes hand held laser devices, their carrying cases and goggles.

Equipment

Equipment, consisting of computer equipment, is stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, of five years.

Long-Lived Assets

The Company reviews long-lived assets, such as equipment, for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds the estimated future cash flows, an impairment loss will be recorded by the amount the carrying value exceeds the fair value of the asset.

In August 2015, the Company’s wholly-owned subsidiary MLM, acquired a trademark for $20,000. Due to the uncertainty of future cash flows from the trademark, management has deemed it to be impaired and recorded an impairment expense of $20,000 in 2015.

Intangible Asset- Licensing Agreement

On March 8th 2016 (with an effective date of October 1, 2015), the company, through it’s sole wholly-owned subsidiary (“Licensee”), entered into a Product and Know-How License Agreement (“Agreement”) with a Florida Corporation (“Licensor”) which is owned by a related party - the son of the Company’s CEO. The license provides with respect to the Technology, Licensor hereby grants to Licensee an irrevocable, nontransferable, royalty-bearing license, with a right of sublicense (the “License”), throughout the Territory in the Field of Use, whether or not under the Licensed Patent, to:

-use or submit or deliver the Technology and/or any Product to any regulatory body throughout the Territory for purposes of obtaining approval to make, Sell, offer for Sale, import, export and distribute the Technology or Products; and

- use or copy the Technology and/or any Product; and

- market, make, have made, Sell, offer for Sale, import and distribute Products; and

- sublicense the Technology; and

- prepare, or have prepared on its behalf, modifications, enhancements and/or derivative works of the Technology.

In connection with the license granted, Licensor hereby grants to Licensee a license to the Licensed Patents, whether now existing or hereafter acquired.

The consideration for the licensing agreement consisted of the issuance of 25,000 Series B Preferred stock shares to the Licensor (at par) plus a $150,000 promissory note issued by the Company to the licensor. On September 15, 2017 the Note was amended to include provisions to allow conversion of the Note into common stock of the Company. On September 25, 2017, $16,250 in principal on this note was satisfied by the conversion into 25,000 shares of the Company’s common stock. On January 31, 2018, $7,500 in principal on this note was satisfied by the conversion into 30,000 shares of the Company’s common stock. On March 2, 2018, another $7,500 in principal on this note was satisfied by the conversion into 30,000 shares of the Company’s common stock. During the quarter ended June 30, 2018, the original noteholder assigned $20,000 in principal to an unrelated third-party. The principal balance on this note as of June 30, 2018 is $80,250 to the original noteholder and $20,000 in principal balance to the new unrelated third-party noteholder.

The last part of the consideration in this license agreement is the royalty payments which have not taken effect yet since they are based on sales for which the company has had only minimum thus far.

The licensing agreement is for a ten-year period effective from October 1, 2015. The cost of the licensing agreement is being amortized over its ten-year period and charged to income on a straight-line basis.

Debt Issue Costs and Debt Discount

The Company may pay debt issue costs, and record debt discounts in connection with raising funds through the issuance of convertible debt. These costs are amortized over the life of the debt to interest expense. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts are immediately expensed. Beginning in 2015, the Company adopted ASU 2015-03: Simplifying the Presentation of Debt Issuance Costs and has reflected the deferred financing costs as a direct reduction of the related debt (See table included in Note 5 to Consolidated Financial Statements).

Original Issue Discount

For certain convertible debt issued, the Company provides the debt holder with an original issue discount. The original issue discount is recorded to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.

Derivative Liabilities

Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments, and measurement of their fair value for accounting purposes. The Company assessed its securities for purposes of determining the proper accounting treatment and valuation as set forth in the Statement of Financial Accounting Standard ASC 820–10–35–37 Fair Value in Financial Instruments; Statement of Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities; and Emerging Issues Task Force (“EITF”) Issue No. 00–19 and EITF 07–05.

In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.

Once the derivative liabilities are determined, they are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives.

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the condensed consolidated balance sheets and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

Financial Instruments

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, and other accrued liabilities approximate their fair values.

Segment Information

The Company follows Accounting Standards Codification (“ASC”) 280, “Segment Reporting”. The Company currently operates in a single segment and will evaluate additional segment disclosure requirements as it expands its operations.

Net Income (Loss) Per Common Share

The Company calculates net income (loss) per share based on the authoritative guidance. Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods in which the Company incurs losses, common stock equivalents, if any, are not considered, as their effect would be anti-dilutive.

Income Taxes

The Company utilizes the accrual method of accounting for income taxes. Under the accrual method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.

The Company recognizes the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount recognized in the financial statements is the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. The Company did not have any unrecognized tax benefits as of June 30, 2018, and does not expect this to change significantly over the next 12 months.

Stock-Based Compensation

The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value on the issuance date.

Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At June 30, 2018, the Company had $172,848 in cash equivalents.

Recent Pronouncements

In May 2014, FASB and IASB issued a new joint revenue recognition standard that supersedes nearly all GAAP guidance on revenue recognition. The core principle of the standard is that revenue recognition should depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The new standard is effective for the Company to annual reporting periods beginning after December 15, 2017 (that is, a public organization is required to apply the new revenue standard beginning in the first interim period within the year of adoption). Additionally, the Board decided to permit public organizations to adopt the new revenue standard early, but not before the original public organization effective date (that is, annual periods beginning after December 15, 2016). A public organization should apply the new revenue standard to all interim reporting periods within the year of adoption. The Company has evaluated the impact of this ASU on the consolidated financial statements and has determined, at this time, the ASU’s implementation would not have a material impact on revenue recognition. See below - Accounting Standards Update 2016-10 - Revenue from Contracts with Customers (Topic 606) Identifying Performance Obligations and Licensing.

In June 2018, the FASB issued Accounting Standards Update 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 also clarifies that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Revenue from Contracts with Customers (Topic 606). ASU 2018-07 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company will adopt the provisions of ASU 2018-07 in the quarter beginning January 1, 2019. The adoption of ASU 2018-07 is not expected to have any impact on the Company’s financial statement presentation or disclosures.

In April 2016, the FASB issued Accounting Standards Update 2016-10 - Revenue from Contracts with Customers (Topic 606) Identifying Performance Obligations and Licensing. The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company is currently evaluating the impact of this ASU on the consolidated financial statements.

In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220)”. The objective of the ASU is to allow a reclassification from accumulated comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act and will improve the usefulness of information reported to financial statement users. This ASU is effective for interim and annual reporting periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating the impact of this ASU on the consolidated financial statements.

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Property, Plant and Equipment (Net)

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment (Net) [Abstract]

PROPERTY, PLANT AND EQUIPMENT (NET)

Note 2. PROPERTY, PLANT AND EQUIPMENT (NET)

Equipment is recorded at cost and consisted of the following at June 30, 2018 and December 31, 2017:

	March 31,  2018			December 31, 2017
Computer equipment	$	8,956		$	8,956
Less: accumulated depreciation		(8,045	)		(7,725	)
	$	912		$	1,232

Depreciation expense was $319 and $319, for the six months ended June 30, 2018 and 2017 respectively.

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Due to Related Party

6 Months Ended

Jun. 30, 2018

Due to Related Party [Abstract]

DUE TO RELATED PARTY

Note 3. DUE TO RELATED PARTY

The Company was indebted to a related party through common management in the amount of $8,921 at June 30, 2018 and December 31, 2017, respectively. The loan bears no interest and is payable on demand. See Note 10 for additional related party transactions.

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Loans Payable - Stockholders

6 Months Ended

Jun. 30, 2018

Loans Payable - Stockholders [Abstract]

LOANS PAYABLE - STOCKHOLDERS

Note 4. LOANS PAYABLE - STOCKHOLDERS

During the periods ended June 30, 2018 and 2017 a stockholder of the Company advanced the Company $-0- and $-0- respectively. The loan has a balance of $8,955 at June 30, 2018 and December 31, 2017, respectively. The loan bears no interest and is payable on demand.

In December 2012, the Company issued a promissory note to a stockholder in the amount of $5,000 with interest at 10% per annum. Principal and interest were due and payable on June 2, 2013. In April 2014, the note was amended to provide the note holder with the option to convert the note to the Company’s common stock at $0.0001 per share. Subsequently, in 2014, in a private transaction, the note holder transferred $2,500 of note principal to third parties and the new holders converted their holdings into 2,500 shares of the Company’s common stock. During 2015, the original note holder transferred an additional $2,400 of note principal to third parties who converted their holdings into 2,400 shares of the Company’s common stock. At June 30, 2018 and December 31, 2017, the loan balance was $100 and $100, respectively.

At June 30, 2018 and December 31, 2017, the Company was indebted to a stockholder in the amount of $1,000 and $1,500, respectively. The loan has an interest rate of 26.7%. In February 2017 the note was sold to another investor and that noteholder converted $500 in principal into 5,000 shares of common stock. Principal and accrued interest were due and payable on January 1, 2014.

In February 2016, the Company issued a promissory note to a stockholder in the amount of $7,000 with interest at the rate of 6% per annum. On September 6, 2016 the note holder converted the entire principal balance and accrued interest into common stock and therefore at June 30, 2018 there is no principal balance remaining on the note.

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Convertible Notes Payable

6 Months Ended

Jun. 30, 2018

Convertible Notes Payable [Abstract]

CONVERTIBLE NOTES PAYABLE

Note 5. CONVERTIBLE NOTES PAYABLE

Note Payable-BS

In March 2011, the Company issued $800 aggregate principal amount of 6% convertible notes due in January 2012. Interest on the notes accrue at the rate of 6% per annum and are payable when the notes mature. The notes matured prior to conversion but have not been repaid. Interest continues to accrue at the rate of 6% per annum.

The holder of one of the notes converted $110 of note principal into 1,100,000 shares of common stock as follows:

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
June 2013	$	70	$	0.0001		700
August 2013	$	40	$	0.0001		400

In August 2013, in a private transaction, the same note holder transferred $330 of the remaining note principal plus $55 in accrued interest to a third party.

In August 2013, in a private transaction, the new note holder transferred $5 of the remaining note principal to a third party who then converted the note into 50 shares of common stock.

In September 2013, the new note holder converted $100 of note principal into 1,000 shares of common stock.

In September 2013, in a private transaction, the new note holder transferred $35 of the remaining note principal to a third party who then converted the note into 350 shares of common stock.

In November and December 2013, the new note holder converted an additional $90 of note principal into 900,000 shares of common stock as follows:

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
November 2013	$	40	$	0.0001		400
December 2013	$	50	$	0.0001		500

In March and April 2014, the new note holder converted an additional $90 of note principal into 900 shares of common stock as follows:

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
March 2014	$	50	$	0.0001		500
April 2014	$	40	$	0.0001		400

Subsequent to these conversions there remains $125 in note principal outstanding at June 30, 2018.

Note Payable-SF

In July 2013, the holder of the second note converted $240 of note principal into 400 shares of the Company’s common stock at $0.0006 per share. At June 30, 2018 and December 31, 2017, the note had a remaining principal balance of $60 and $60, respectively.

At any time on or after the maturity date, the holders of the notes, have the option of converting any of the unpaid principal and interest into the Company’s common stock. The notes plus any accrued but unpaid interest are convertible at the rate of $0.0001 per share at the time of conversion up to a maximum of 9.99% of the then issued and outstanding common stock, or 140,166 shares at June 30, 2018 and 84,859 shares at December 31, 2017.

Note Payable-RK

In May 2012, the Company issued a $25,000 6% per annum note that matured in November 2012. In December 2012 the note was amended to be a convertible note. Interest on the note accrues interest at 6% per annum and is payable when the note matures.

The holder of the $25,000 note had the option of converting it at any time prior to maturity. The note plus any accrued but unpaid interest were convertible at the rate of $0.001 per share at the time of conversion up to a maximum of 9.99% of the then issued and outstanding common stock.

The holder of the note converted $1,010 of note principal into 1,010 shares of common stock as follows:

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
December 2012	$	150	$	0.001	$	150
January 2013	$	660	$	0.001		660
March  2013	$	200	$	0.001		200

In July 2013, the Company retired $14,000 of note principal in payment for consulting services provided to the note holder.

In July 2013, the note holder converted $300 of note principal into 300 shares of the Company’s common stock.

In July 2013, in a private transaction, the note holder transferred the remaining note principal balance of $9,690 to a third party (See Note Payable-NW below).

Note Payable-NW

After receiving the transfer of the principal balance of $9,690 in July 2013 in the private transaction noted in Note Payable-RK above, in August 2013, in a private transaction, the new note holder of the aforementioned note transferred $4,475 of principal to a stockholder of the company.

In October 2013, the note holder converted $400 of note principal into 400 shares of the Company’s common stock at $0.001 per share.

In October 2014, the note holder converted $1,100 of note principal into 1,100 of the Company’s common stock. The note holder has the option of converting the balance at any time with the approval of the Board of Directors. The note plus any accrued but unpaid interest are convertible at the rate of $0.001 per share at the time of conversion up to a maximum of 9.99% of the then issued and outstanding common stock, or 140,166 shares at June 30, 2018 and 84,859 shares at December 31, 2017.

In August 2016, the note holder converted $3,000 of note principal into 3,000 shares of the Company’s common stock. At June 30, 2018 and December 31, 2017, the remaining principal balance on this portion of the note is $715 and $715 respectively.

Note Payable-MC #2

In April 2015, the Company issued a $3,000 8% per annum note that matures in October 2015. The holder of the note has the right to convert the principal into shares of the Company’s common stock at any time 180 days after the closing date at $0.0001 per share. Interest on the note accrues interest at 8% per annum and is payable when the note matures. During January 2017, the current noteholder converted $1,100 in principal balance into 11,000 shares of common stock. During the same period, the current noteholder transferred $600 of the remaining principal balance to another investor who then converted the entire principal balance he received into 6,000 shares of common stock. During April 2017, the current noteholder converted $410 of remaining principal into 6,000 shares of common stock. There remains $890 in principal balance at June 30, 2018 with the current noteholder and $890 in principal balance with the original noteholder at December 31, 2017.

Convertible Note Payable-LGC (8%)

On January 7, 2016, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”) for the sale of convertible redeemable notes in aggregate principal amount of $251,803. On January 7, 2016, the Company and the Investor conducted the first closing under the Purchase Agreement, pursuant to which the Company issued to the Investor (i) a convertible redeemable note in principal amount of $105,000 containing an original issue discount of $20,000 (the “$105K Note”); and (ii) a convertible redeemable note in principal amount of $50,000 (the “$50K Note” and together with the $105K Note, the “Notes”). Under the Purchase Agreement, on March 15, 2016 and June 15, 2016, the Company and the Investor conducted additional closings for the sale and purchase of additional notes having the same terms as the Notes in principal amounts equal to $50,000 and $46, 803, respectively (see Convertible Notes Payable-LGC (8%) BEN below). During the quarter ended March 31, 2017 the noteholder converted the entire principal balance into 62,068 shares of common stock and therefore there is no principle balance outstanding at June 30, 2018 and December 31, 2017.

Convertible Notes Payable-LGC (8%) BEN

In consideration for the issuance of the $105K Note, on January 13, 2016, the Company received net proceeds (after deducting the original issue discount and legal fees) in the amount of $75,697. In consideration for the issuance of the $50K Note, the Investor issued to the Company a $50,000 fully-collateralized secured promissory note (the “Investor Note”), pursuant to which the Investor agreed to pay the Company $50,000 on or before April 30, 2016. The Notes, which are due on January 7, 2017, bear interest at the rate of 8% per annum. Subject to a beneficial ownership limitation equal to 9.99%, principal and interest on the Notes is convertible into shares of the Company’s common stock (“Common Stock”) at a conversion price equal to 55% of the lowest trading price of Common Stock during the 20-trading day period prior to conversion.

In accordance with the terms of the Purchase Agreement, the investor and the Company closed on the two outstanding notes ($50,000 and $46,803) in May and June 2016 when the Company received the cash funding. During April 2017 the noteholder converted the entire principal balance of the $50,000 note into common stock of the Company. During June 2017 the noteholder converted $16,000 of the remaining principal of the $46,803 note into common stock of the Company. In July and September 2017, the noteholder converted the remaining $30,803 of the note’s principal balance into common stock. As a result, there is no principal balance remaining on either note as of June 30, 2018 and December 31, 2017.

Convertible Notes Payable-SO (8%)

On May 2, 2016, the Company issued to an Investor a convertible redeemable note in the principal amount of $57,750 (“the Note”). The Note, which matures on May 2, 2017, pays interest at the rate of 8% per annum. The note contains a 10% original issue discount. The holder of the note is entitled, at its option beginning on the 6-month anniversary, to convert all or any of the principal face amount of the Note then outstanding into shares of the Company’s common stock at the price equal to 55% of the lowest trading price for the twenty prior trading days including the date of conversion. During the quarter ended March 31, 2017 the noteholder converted $32,298 of the principle balance into 23,490 shares of common stock thereby leaving a principal balance of $25,452 on the note at December 31, 2017. During the first quarter of 2018, the noteholder converted $23,000 of the principle balance into 122,727 shares of common stock thereby leaving a principal balance of $2,452 on the note at June 30, 2018.

Convertible Notes Payable-BBCG (9%)

On October 11, 2016, the Company issued to an Investor a convertible note in the principal amount of $157,895 (“the Note”). The Note, which matures on March 27, 2018, pays interest at the rate of 9% per annum. The note contains an original issue discount in the amount of $7,895. The holder of the note is entitled, at its option beginning on the 6-month anniversary, to convert all or any of the principal face amount of the Note then outstanding into shares of the Company’s common stock at the price equal to 57.5% of the lowest trading price for the twenty prior trading days including the date of conversion. During April and June of 2017, the noteholder converted the entire remaining principal balance of the note into common stock of the Company. There is no principal balance remaining on the note as of June 30, 2018 and December 31, 2017.

Convertible Notes Payable - Funding (8%)

On May 1 2017, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”) for the sale of 8 convertible redeemable notes in aggregate principal amount of $1,012,500. On May 1st, 2017 and June 2, 2017, the Company and the Investor conducted the first two closings under the Purchase Agreement, pursuant to which the Company issued to the Investor (i) a convertible redeemable note in principal amount of $131,250 (the “$131K Note”) ; and (ii) a convertible redeemable note in principal amount of $125,000 (the “$125K Note”). On July 10, 2017 and August 7, 2017, the Company and the Investor conducted the second two closings under the Purchase Agreement, pursuant to which the Company issued to the Investor two convertible redeemable notes each in the principal amount of $125,000; Under the Purchase Agreement, on January 1, 2018, February 2, 2018, March 10 ,2018 and April 7, 2018 the Company and the Investor expected to conduct additional closings for the sale and purchase of additional notes having the same terms as the Notes in principal amounts equal to $131,250, $125,000, $125,000 and $125,000 respectively (the “back-end notes”). However, all these “back-end notes” were cancelled in early 2018 and will not fund. Accordingly, all the “back-end” notes were removed from the books at December 31, 2017 along with the associated investor notes receivable. In addition, all previously accrued interest expense and interest income has been removed on these “back-end notes” for the period ended December 31, 2017.

In consideration for the issuance of the $131K Note and the $125K Note, on May 1, 2017 and June 2, 2017 and for the two $125k Notes on July 10, 2017 and August 7, 2017, the Company received net proceeds (after deducting $25,000 in legal fees) in the amount of $481,250. In consideration for the issuance of the $131K and the three $125k Notes, the Investor issued to the Company a $131,250 fully-collateralized secured promissory note and three $125,000 fully-collateralized secured promissory notes (the “Investor Notes”), pursuant to which the Investor agreed to pay the Company $131,250 and $375,000 on or before January 1, 2018, February 2, 2018, March 10, 2018 and April 7, 2018 respectively. These Notes (often referred to as “back-end Notes”), bear interest at the rate of 8% per annum. However, all these “back-end notes” were cancelled in early 2018 and will not fund. According, all the “back-end” notes were removed from the books at December 31, 2017 along with the associated investor notes receivable. In addition, all previously accrued interest expense and interest income as been removed on these “back-end notes” for the period ended December 31, 2017.

The two notes issued May 1,2017 ($131,250) and June 2, 2017 ($125,000) became convertible on October 28, 2017 and December 4, 2017 respectively and required derivative treatment at that time. The embedded derivative was bifurcated and accounted for separately along with the derivative discount. The derivative liability is marked-to-market each quarter with the resulting gain or loss valuation being reported in the statement of operations.

During the quarter ended December 31, 2017 (after the six-month waiting period) the holder of the original note in the principal amount of $131,250 converted $21,500 and $15,350 of the note’s principal balance into 35,058 and 39,714 shares of the Company’s common stock, respectively. The principal balance remaining on this convertible note is $94,400 as of December 31,2017. During the quarter ended March 31, 2018 the holder of the original note converted, through four separate conversion transactions, a total of $38,870 of the note’s principal balance into total of 193,384 shares of the Company’s common stock. During the quarter ended June 30, 2018 the holder of the original note converted $10,030 of the note’s principal balance into total of 62,015 shares of the Company’s common stock. The principal balance remaining on this convertible note is $45,500 as of June 30, 2018.

Convertible Notes Payable - JR (5%)

On August 2, 2017 the Company issued a convertible note payable (promissory note) to an investor in the principal amount of $50,000. The note matures on August 2, 2018 and bears interest at 5%. The note holder has the right at any time on or after the day that is six months from August 2, 2018 to convert any part or all of the outstanding unpaid principal balance into shares of the Company’s common stock at a fixed price of .003 per share. The entire principal balance of $50,000 is outstanding as of June 30, 2018 and December 31, 2017

Convertible Notes Payable - MLM (10%)

As more fully described in Note 1 to the financial statements, on March 8th 2016 (with an effective date of October 1, 2015), the company, through it’s sole wholly-owned subsidiary (“Licensee”), entered into a Product and Know-How License Agreement (“Agreement”) with a Florida Corporation (“Licensor”) which is owned by a related party - the son of the Company’s CEO. The consideration for the licensing agreement consisted of the issuance of 25,000 Series B Preferred stock shares to the Licensor (at par) plus a $150,000 promissory note issued by the Company to the licensor. During the quarter-ended June 30, 2017, $18,986 in accrued interest was satisfied through the issuance of 17,273 shares of the Company’s common stock. On September 15, 2017 the Note was amended to include provisions to allow conversion of the Note into common stock of the Company. At such time the Note was valued with its embedded derivative and discount. On September 25, 2017, $16,250 in principal on this note was satisfied by the conversion into 25,000 shares of the Company’s common stock leaving a balance on the note of $133,750 at December 31, 2017. During the quarter-ended March 31, 2018, $15,000 in principal on this note was satisfied by the conversion into 60,000 shares of the Company’s common stock. During the quarter-ended June 30, 2018, $7,500 in principal on this note was converted into 30,000 shares of the company’s common stock. In addition, on May 26, 2018, the original note holder sold $20,000 in principal to an unrelated third-party investor with the same terms as the original note thereby leaving a balance on the original note of $80,250 at June 30, 2018 and a balance of $20,000 to the new third-party noteholder.

Convertible Notes Payable - LG (8%) (Notes 5 & 6)

On January 25, 2018 the Company issued a convertible note payable (promissory note) to an investor in the principal amount of $78,750. The note matures on January 25, 2019 and bears interest at 8%. The note holder has the right at any time on or after the day that is six months from January 25, 2018 to convert any part or all of the outstanding unpaid principal balance into shares of the Company’s common stock. The entire principal balance of $78,750 is outstanding as of June 30, 2018. The embedded derivative and related derivative discount on this convertible note, although not convertible during the six months ended June 30, 2018, has nonetheless been valued and recorded on the books as of April 1, 2018 in accordance with ASC 815. 

On June 4, 2018 the Company issued a convertible note payable (promissory note) to an investor in the principal amount of $52,500. The note matures on June 4, 2019 and bears interest at 8%. The note holder has the right at any time on or after the day that is six months from June 4, 2018 to convert any part or all of the outstanding unpaid principal balance into shares of the Company’s common stock. The entire principal balance of $52,500 is outstanding as of June 30, 2018. The embedded derivative and related derivative discount on this convertible note, although not convertible during the six months ended June 30, 2018, has nonetheless been valued and recorded on the books as of June 4, 2018 in accordance with ASC 815. 

The Company’s convertible notes payable and the related derivative liabilities, derivative discount, deferred financing costs and original-issue discount are presented in the financial statements at June 30, 2018 as follows:

6/30/2018											Total
	Remaining Principal		Original  Issue		Derivative			Deferred  Financing			Convertible Notes		Derivative
Debt	Amount		Discount		Discount			Costs			Payable		Liability
Note Payable - BS	$	125									$	125
Note Payable - SF		60										60
Note Payable - SD		15,000										15,000
Note Payable - NW		715										715
Note Payable - MC #2		890										890
Convertible Note Payable - JR (5%)		50,000										50,000
Convertible Note Payable - HG (10%)		20,000										20,000
Convertible Note Payable - CB (5%)		-										-		904
Convertible Notes Payable - SO (8%)		2,452										2,452		2,638
Convertible Note Payable - LGC (8%) 1		45,500										45,500		38,808
Convertible Note Payable - LGC (8%) 2		125,000				-						125,000		105,824
Convertible Note Payable - LGC (8%) 3		125,000				(97,259	)		(120	)		27,621		111,685
Convertible Note Payable - LGC (8%) 4		125,000				(98,271	)		(599	)		26,130		105,118
Convertible Note Payable - MLM (10%) (Related party)		80,250				(48,400	)					31,850		130,656
Convertible Note Payable - LGC (8%) 5		78,750				(58,646	)		(2,332	)		17,772		66,031
Convertible Note Payable - LGC (8%) 6		52,500				(41,500	)		(2,315	)		8,685		42,755
	$	721,242	$	-	$	(344,076	)	$	(5,366	)	$	371,800	$	604,419

As of June 30, 2018, the convertible notes payable can be converted into approximately 826,747 shares of common stock.

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Derivatives and Fair Value Instruments

6 Months Ended

Jun. 30, 2018

Derivatives and Fair Value Instruments [Abstract]

DERIVATIVES AND FAIR VALUE INSTRUMENTS

Note 6. DERIVATIVES AND FAIR VALUE INSTRUMENTS

The Company applied paragraph 815-10-05-4 of the FASB Accounting Standards Codification to the 5% Convertible Notes Payable issued June 12th 2015 and the 8% Convertible Note payable issued June 25th 2015 and for the 8% Convertible Notes Payable issued January 7, 2016 and March 7, 2016 and the 9% Convertible Note payable issued October 1, 2016. Based on the guidance in paragraph 815-10-05-4 of the FASB Accounting Standards Codification the Company concluded these instruments were required to be accounted for as derivatives on issuance date. The Company records the fair value of the Convertible Notes Payable and certain warrants that are classified as derivatives on issuance date and the fair value changes on each reporting date reflected in the consolidated statements of operations as “Change in Fair Value - derivatives.” These derivative instruments are not designated as hedging instruments under paragraph 815-10-05-4 of the FASB Accounting Standards Codification and are disclosed on the balance sheet under Derivative Liabilities.

The Company follows paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments and paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data.

Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.

The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, prepayments and other current assets, accounts payable, and accrued expenses, approximate their fair values because of the short maturity of these instruments.

The Company’s Level 3 financial liabilities consist of the 5% Convertible Notes Payable issued June 12th 2015 and the 8% Convertible Note payable issued June 25th 2015 and for the 8% Convertible Notes Payable issued January 7, 2016 and March 7, 2016 and May 1, 2017 and June 2, 2017 and July 10, 2017 and August 15, 2017, the 9% Convertible Note payable issued October 1, 2016, The 8% Convertible note payable issued January 25, 2018 and the 8% Convertible note payable issued June 4, 2018 for which there is no current market for these securities such that the determination of fair value requires significant judgment or estimation. We have valued the automatic conditional conversion, re-pricing/down-round, change of control; default and follow-on offering provisions using a lattice model, with the assistance of a valuation consultant, for which management understands the methodologies. These models incorporate transaction details such as Company stock price, contractual terms, maturity, risk free rates, as well as assumptions about future financings, volatility, and holder behavior as of issuance and June 30, 2018. The primary assumptions include: projected annual volatility of 145%-240%; the follow-on securities purchase option; the conversion feature as a percentage of Market; automatic/conditional conversions; market price trigger events. 

As of June 30, 2018 the Company’s derivative financial instruments included:

1) Embedded derivatives associated with certain of the Company’s unsecured convertible notes payable. The Company’s 5% convertible notes payable and 8% convertible notes payable and 9% convertible note payable issued to unrelated investors is a hybrid instrument, which warrants separate accounting as a derivative instrument. The embedded derivative feature has been bifurcated from the debt host contract, referred to as the Derivative Liability, which resulted in a reduction of the initial carrying amount (as unamortized discount) of the Convertible Notes Payable. The unamortized discount is amortized to interest expense using the effective interest method over the life of the Notes. The embedded derivative feature includes the conversion feature within the notes and an early redemption option. The compound embedded derivatives within the convertible notes have been recorded at fair value at the date of issuance; and are marked-to-market each reporting period with changes in fair value recorded to the Company’s statement of operations as Change in fair value of derivative liabilities.

The 5% Convertible Note Payable and the 8% Convertible Notes Payable and the 9% convertible note payable are valued at June 30, 2017. The following assumptions were used for the valuation of the embedded derivative:

- The post reverse split (1,000:1) stock price of $0.50 decreased to $0.40 in this period (basis for the variable conversion price) would fluctuate with the Company projected volatility;

- An event of default for the Convertible Note would occur 0% of the time, increasing 1.00% per month to a maximum of 5.0%;

- Alternative financing for the Convertible Note would be initially available to redeem the note 0% of the time and increase monthly by 1% to a maximum of 10%;

- Capital raising events (a single financing at 1 month from the valuation date) are a factor for the VV Convertible Note. The full reset events projected to occur based on future stock issuance (single event) resulting in a reset exercise price.

- The monthly trading volume would average $579,941 (rounded) as of 6/30/2018 and would increase at 5% per month; ownership limits conversion across LG’s notes based on 4.99% with shares outstanding increasing monthly by 1%.

- The variable conversion price of 50% to 58% over 3 to 20 trading days would have effective rates of 45.89% to 55.04%;

- The Note Holders would automatically convert the notes early (and not hold to maturity) with variable conversion prices and full ratchet resets if the registration was effective and not in default;

- The projected annual volatility for each valuation period was based on the historical volatility of the company:

3/31/2018	240	%	4/18/2018	205	%
4/1/2018	232	%	4/30/2018	216	%
4/1/2018	207	%	5/11/2018	212	%
4/6/2018	198	%	5/16/2018	210	%
4/13/2018	145	%	5/21/2018	212	%
4/14/2018	205	%	6/27/2018	179	%
			6/30/2018	204	%

The foregoing assumptions are reviewed quarterly and are subject to change based primarily on management’s assessment of the probability of the events described occurring. Accordingly, changes to these assessments could materially affect the valuation.

The Company’s derivative liabilities on convertible notes payable are presented at market value in the financial statements at June 30, 2018 as follows:

6/30/2018 Convertible Note	Derivative Treatment Date	Maturity Date	Principal Note Amount		Original Derivative Valuation		Derivative Valuation December 31, 2017		Quarter Ended March 31, 2018 Issuances		Quarter Ended March 31, 2018 Conversions			Ended March 31,  2018 Mark-to- Market			Derivative Valuation March 31, 2018		Quarter Ended June 30, 2018 Issuances		Quarter Ended June 30, 2018 Conversions			Ended June 30, 2018 Mark-to- Market			Derivative Valuation June 30, 2018
8% Convertible Note Payable- issued 5/2/2016	10/1/2016	5/2/2017	$	57,750	$	58,355	$	24,925			$	(26,745	)	$	5,123		$	3,303						$	(665	)	$	2,638
5 % Convertible Note- Payable- issued 6/12/2015	4/12/2016	1/7/2017		35,863		37,827	$	832			$	-			305		$	1,137							(233	)	$	904
9% Convertible Notes Payable- issued 10/01/2016	3/26/2017	3/27/2018		157,895		56,956	$	-									$	-									$	-
8% Convertible Notes Payable- issued January 7, 2016	1/7/2016	1/7/2017		105,000		87,287		-									$	-									$	-
8% Convertible Notes Payable- issued January 7, 2016	1/7/2016	1/7/2017		50,000		15,803	$	-									$	-									$	-
8% Convertible Notes Payable- issued March 7, 2016	3/7/2016	3/7/2017		50,000		87,538	$	-									$	-									$	-
8% Convertible Notes Payable- issued March 7, 2016	3/7/2016	1/7/2017		46,803		82,115	$	-									$	-									$	-
8% Convertible Notes Payable- issued May 1, 2016	10/28/2017	5/1/2018		131,250		103,294	$	52,989			$	(31,013	)		8,541		$	30,517			$	(9,148	)		17,439		$	38,808
8% Convertible Notes Payable- issued June 7, 2016	12/4/2017	6/7/2018		125,000		90,596	$	64,458							(14,452	)	$	50,006							55,818		$	105,824
10% Convertible Notes Payable- issued March 8, 2016	9/15/2017	9/8/2018		150,000		167,164	$	108,682			$	(19,359	)		23,426		$	112,749			$	(26,895	)		44,802		$	130,656
8% Convertible Notes Payable- issued August 15, 2017	4/1/2018	8/15/2018		125,000		108,878	$	-									$	-		108,878					(3,760	)	$	105,118
8% Convertible Notes Payable- issued July 10, 2017	4/1/2018	7/10/2018		125,000		108,061	$	-									$	-		108,061					3,092		$	111,153
8% Convertible Notes Payable- issued January 25, 2018	4/1/2018	1/25/2019		78,750		65,896	$	-									$	-		65,896					135		$	66,031
8% Convertible Notes Payable- issued June 4, 2017	6/4/2018	6/4/2018		52,500		42,755	$	-									$	-		42,755					532		$	43,287
			$	1,290,811	$	1,112,525	$	251,886	$	-	$	(77,117	)	$	22,943		$	197,712	$	325,590	$	(36,043	)	$	117,160		$	604,419

The Company’s mark-to-market fair value adjustment ((income)/expense) for the quarter ended June 30, 2018 totaled $117,160.

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Stockholders' Equity

6 Months Ended

Jun. 30, 2018

Stockholders' Equity [Abstract]

STOCKHOLDERS' EQUITY

Note 7. STOCKHOLDERS’ EQUITY

Effective July 23, 2018, the Company effected a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073. All fractional shares have been rounded up to the next whole share. There is no reduction in the number of the Company’s shareholders of record. Unless otherwise noted, impacted amounts and share information included in the financial statements and notes thereto have been retroactively adjusted for the reverse stock split as if such reverse stock split occurred on the first day of the first period presented.

As a result of the aforementioned reverse stock split, additional paid-in-capital was increased by $140,169 and $84,861 as of June 30, 2018 and December 31, 2017 respectively on the balance sheet with a corresponding decrease in the par value of common stock issued as of the same dates.

The Company has authorized 4,000,000,000 shares of common stock with a par value of $0.0001 per share. Effective September 19, 2017, the Company amended its Articles of Incorporation to increase its authorized Common Stock to 4,000,000,000 shares. There were 1,403,063 and 849,437 shares of common stock issued and outstanding at June 30, 2018 and December 31, 2017, respectively.

The Company has authorized 1,000,000 shares of Series A preferred stock with a par value of $0.0001 per share. At June 30, 2018 and December 31, 2017, there were 500,000 shares and 500,000 shares of Series A preferred stock were issued and outstanding respectively. The preferred stock has preferential voting rights of 2,000 votes per outstanding share.

The Company has authorized 50,000 shares of Series B convertible preferred stock with a par value of $0.0001 per share. At December 31, 2016 there were 39,000 shares issued of which 12,900 shares of Series B preferred were converted into common stock in accordance with the terms of the Series B Preferred stock. Therefore; there were 26,100 shares outstanding at December 31, 2016. The Series B preferred stock has no voting rights. During the quarter ended March 31, 2017, 18,100 shares of Series B preferred shares were converted into common stock in accordance with the terms of the Series B preferred stock. As of result there were 8,000 shares of Series B preferred shares outstanding at June 30, 2018. The holders of the Series B convertible preferred stock have the right to convert the same into Common Stock of the Corporation at the ratio of one (1) share of Series B Convertible Preferred for five hundred (500) shares of Common Stock.

During the quarter ended March 31, 2017, the Company issued an aggregate 43,000 shares of common stock for services provided to the Company.

During the quarter ended March 31, 2017, the Company issued an aggregate 112,498 shares of common stock as partial conversion of notes.

During the quarter ended March 31, 2017, the Company issued an aggregate 9,050 shares of common stock for conversion of 18,100 shares of Preferred Series B stock.

During the quarter ended June 30, 2017, the Company issued an aggregate 33,000 shares of common stock for services provided to the Company.

During the quarter ended June 30, 2017, the Company issued an aggregate 177,073 shares of common stock as partial conversion of notes and accrued interest.

During the quarter ended June 30, 2017, the Company issued an aggregate 450,000 shares of Preferred Series A stock at par of $.0001.

During the quarter ended September 30, 2017, the Company issued an aggregate 41,000 shares of common stock for services provided to the Company.

During the quarter ended September 30, 2017, the Company issued an aggregate 62,196 shares of common stock as partial conversion of notes and accrued interest.

During the quarter ended December 31, 2017, the Company issued an aggregate 71,000 shares of common stock for services provided to the Company.

During the quarter ended December 31, 2017, the Company issued an aggregate 74,772 shares of common stock as partial conversion of notes and accrued interest.

During the quarter ended March 31, 2018, the Company issued an aggregate 18,000 shares of common stock for services provided to the Company.

During the quarter ended March 31, 2018, the Company issued an aggregate 376,111 shares of common stock as partial conversion of notes and accrued interest.

During the quarter ended June 30, 2018, the Company issued an aggregate 67,500 shares of common for services provided to the Company.

During the quarter ended June 30, 2018, the Company issued an aggregate 92,015 shares of common stock as partial conversion of notes and accrued interest.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2018

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

Note 8. COMMITMENTS AND CONTINGENCIES

The Company currently has three office locations. It rents offices on a month-to-month basis from the Company’s President and stockholder for $525 per month which amounted to $1,575 or the quarter ended June 30, 2018. The Company also has ready-to-go office space available to be used for meetings etc. at a nominal cost of approximately $100 per month with no commitment. The cost of this space for the quarter ended June 30, 2018 was $297. On September 12th 2016 the Company entered into a commercial lease agreement for office premises at an original cost of $650 per month for a one-year term with the option to renew for one extended term of three years. In July 2017 the Company leased additional space at this location thereby increasing the monthly rent to $1,550. The cost of this space for the quarter ended June 30, 2018 was $4,650. A new lease was signed in March 2018 for the same space. The following are the minimum required lease payments under the lease for the next four years:

2018	-	$	17,200
2019	-	$	24,600
2020	-	$	24,600
2021	-	$	4,100

Total rent expense for the six months ended June 30, 2018 and 2017 was $12,344 and $7,644 respectively. In March 2018, the Company prepaid four months of rent totaling $6,200 of which $1,550 is still prepaid and on the balance sheet at June 30, 2018.

The Company has agreements with consultants for ongoing services to be rendered with the following commitments:

	Commitment	Term
Consultant - FDA requirements and compliance	$2,000 per month	12 Months
Consultant - capital formation and market services	Various equity percentage issuances of restricted stock for fundings	6 Months
Consultant - tradeshow attendance, strategy and collaboration, coordination regarding FDA compliance, manufacturing operations, sales and marketing, other related services	$10,000 per month (payable quarterly in cash or common stock from the 2016/2017 Equity Incentive Plan)	12 Months

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Income Taxes

6 Months Ended

Jun. 30, 2018

Income Taxes [Abstract]

INCOME TAXES

Note 9. INCOME TAXES

The Company accounts for income taxes under the asset and liability approach. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse.

The Company’s deferred tax asset consists primarily of carryforward net operating losses (NOLs). The Company believes that, at this time, it is more likely than not that the benefit of the NOLs will not be realized. As of June 30, 2018, the Company had provided a valuation allowance to fully reserve its net operating loss carryforwards and other items giving rise to deferred tax assets, primarily as a result of anticipated net losses for income tax purposes and has therefore recorded a full valuation allowance.

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Related Party Transactions

6 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

Note 10. RELATED PARTY TRANSACTIONS

In August 2015, the Company acquired 100% of the issued and outstanding common stock of Medical Lasers Manufacturer, Inc. (“MLM”) from a stockholder and officer of the Company for 20,000 common shares which were valued at $0.001 per share. All intercompany transactions were eliminated during consolidation.

As more fully described in Note 3 to the Consolidated Financial Statements, the Company owed the following amounts to related parties as of the following:

	30-Jun		December 31
	2018		2017
Due to Related Party	$	8,921	$	8,921
Due to officer/stockholder		8,955		8,398
Due to other stockholders		6,100		6,790
Total Related Party Obligations	$	23,976	$	24,109

The company has entered into an employment agreement with its Chief Executive Officer (CEO) for the five year period beginning January 1, 2012. The agreement provides for base compensation, annual bonus, benefits, vacation and reimbursements. Under this agreement, the base compensation of the Company’s CEO is $100,000 per annum which has been accrued for the years ended December 31, 2015 and 2014. In mid-year 2016 the Company commenced payroll and is paying the CEO for current wages in this manner. During the year ended December 31, 2016, $18,974 in accrued compensation was paid. Accrued compensation in the amount of $30,000 was converted to shares of common stock during 2015. In the quarter ended June 30, 2017, $45 in accrued CEO compensation was converted to Series A Preferred shares. During the quarter ended September 30, 2017, $25,500 in accrued compensation was paid to the CEO. Effective October 1, 2017, the employment agreement between the Company and its CEO was amended to increase the annual salary to $150,000. During the quarter ended December 31, 2017 $44,673 in accrued compensation was paid to the CEO. As of June 30, 2018, the company owes accrued compensation to its CEO in the amount of $394,905.

As more fully described in Note 1-Intangible Asset-Licensing Agreement, on March 8th 2016 (with an effective date of October 1, 2015) the Company entered into a Licensing Agreement with a Florida Corporation (Licensor) that is owned by a related party. The Company issued 25,000 shares of Series B Preferred stock to the Licensor as partial consideration for the Licensing agreement plus a $150,000 promissory note to the Licensor for the balance of the consideration. During the quarter-ended March 31, 2016, 3,400 shares of Series B Preferred stock were converted into 1,700,000 shares of common stock in accordance with the terms of the Series B Preferred stock. During the quarter ended March 31, 2017, 18,100 shares of Series B preferred stock was converted into 9,050 shares of common stock in accordance with the terms of the Series B Preferred stock.

As more fully described in Note 1 and Note 5 to the financial statements, $18,986 in accrued interest on the $150,000 note was satisfied through the issuance of 17,273 shares of the Company’s common stock. On September 15, 2017 the Note was amended to include provisions to allow conversion of the Note into common stock of the Company. At such time the Note was valued with its embedded derivative and discount. On September 25, 2017, $16,250 in principal on this note was satisfied by the conversion into 25,000 shares of the Company’s common stock. During the quarter ended March 31, 2018, $15,000 in principal on this note was satisfied by the conversion into 60,000 shares of the Company’s common stock. During the quarter ended June 30, 2018, $7,500 in principal on this note was satisfied by the conversion into 30,000 shares of the Company’s common stock. During the quarter ended June 30, 2018 the original related-party noteholder sold $20,000 in principal on this note to an unrelated third-party investor thereby leaving $80,250 in principal balance due to the related party original noteholder and $20,000 in principal due to the unrelated third-party investor.

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Basis of Reporting - Going Concern

6 Months Ended

Jun. 30, 2018

Basis of Reporting - Going Concern [Abstract]

BASIS OF REPORTING - GOING CONCERN

Note 11. BASIS OF REPORTING - GOING CONCERN

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business.

The Company has incurred losses from inception of approximately $4,386,853 which, among other factors, raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon management’s plans to raise additional capital from the sale of stock and to receive additional financing and to commence sales of its flagship product and create revenue. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern. Management believes the Company’s present cash and cash equivalents will not enable it to meet its obligations for twelve months from the date these financial statements are available to be issued unless the Company received additional funding.

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Stock Compensation - Equity Incentive Plan

6 Months Ended

Jun. 30, 2018

Stock Compensation - Equity Incentive Plan [Abstract]

STOCK COMPENSATION - EQUITY INCENTIVE PLAN

Note 12. STOCK COMPENSATION - EQUITY INCENTIVE PLAN

In July 2016, the Company adopted the Medifirst Solutions, Inc. 2016 Equity Incentive Plan (the “Plan”) pursuant to which the Company may grant stock options, restricted stock purchase offers and other equity-based awards up to an aggregate of 20,000 shares of common stock. The Plan is designed to retain directors, executives and selected employees and consultants and reward them for making contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the Plan thereby providing Participants with a proprietary interest in the growth and performance of the Company.

On December 6th, 2016 the company amended the terms of the Plan and filed an S-8 Registration Statement with the Securities and Exchange Commission (“SEC”) increasing the number of shares permitted to be issued under the Plan to 32,000.

During the quarter ended March 31, 2017, the Company issued from the Plan a total of 27,100 shares of common stock to non-employees for services rendered. As of March 31, 2017 there is a balance of -0- shares available for future issuance under the Medifirst Solutions, Inc. 2016 Equity Incentive Plan.

In May 2017, the Company adopted the Medifirst Solutions, Inc. 2017 Equity Incentive Plan (the “2017 Plan”) pursuant to which the Company may grant stock options, restricted stock purchase offers and other equity-based awards up to an aggregate of 125,000 shares of common stock. The Plan is designed to retain directors, executives and selected employees and consultants and reward them for making contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the Plan thereby providing Participants with a proprietary interest in the growth and performance of the Company. During the year ended December 31, 2017, the Company issued from the Plan 108,000 shares to non-employees for services rendered. As of December 31, 2017 there is a balance of 17,000 shares available for future issuance under the Medifirst Solutions, Inc. 2017 Equity Incentive Plan.

In January 2018, the Company adopted the Medifirst Solutions, Inc. 2018 Equity Incentive Plan (the “2018 Plan”) pursuant to which the Company may grant stock options, restricted stock purchase offers and other equity-based awards up to an aggregate of 175,000 shares of common stock. The Plan is designed to retain directors, executives and selected employees and consultants and reward them for making contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the Plan thereby providing Participants with a proprietary interest in the growth and performance of the Company.

During the quarter ended March 31, 2018, the Company issued from the 2018 Plan a total of 4,000 shares of common stock to non-employees for services rendered. As of March 31, 2018 there is a balance of 188,000 shares available for future issuance under the Medifirst Solutions, Inc. 2018 Equity Incentive Plan.

During the quarter ended June 30, 2018, the Company issued from the 2018 Plan a total of 17,500 shares of common stock to non-employees for services rendered. As of June 30, 2018 there is a balance of 170,500 shares available for future issuance under the Medifirst Solutions, Inc. 2018 Equity Incentive Plan.

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Subsequent Events

6 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

Note 13. SUBSEQUENT EVENTS

Effective July 23, 2018, the Company completed a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073. All fractional shares have been rounded up to the next whole share. There is no reduction in the number of the Company’s shareholders of record. The Company’s trading symbol will be MFSTD. The symbol will revert back to MFST twenty (20) business days after the effective date. Unless otherwise noted, impacted amounts and share information included in the financial statements and notes thereto have been retroactively adjusted for the reverse stock split as if such reverse stock split occurred on the first day of the first period presented.

As a result of the aforementioned reverse stock split, additional paid-in-capital was increased by $140,169 and $84,861 as of June 30, 2018 and December 31, 2017 respectively on the balance sheet with a corresponding decrease in the par value of common stock issued as of the same dates.

Subsequent to the quarter ended June 30, 2018 and after the above referenced reverse stock-split, the Company issued an aggregate of 82,188 shares of Common Stock for services rendered by consultants and professionals.

Subsequent to the quarter ended June 30, 2018 and after the above referenced reverse stock-split, the Company issued an aggregate 139,439 shares of Common Stock upon conversions of an aggregate principal amount equal to $4,300 outstanding convertible promissory notes and $217 in accrued interest.

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Nature of Operations and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2018

Nature of Operations and Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The unaudited interim consolidated financial statements include the accounts of Medifirst Solutions Inc. and its wholly owned subsidiary (Medical Laser Manufactures, Inc., (collectively referred to as the “Company”). All material intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the consolidated financial position of the Company as of June 30, 2018, the consolidated results of its operations for the three-month period ended June 30, 2017 and 2018 and six-month period ended June 30, 2017 and 2018, and the consolidated cash flows for the six-month periods ended June 30, 2017 and 2018. The results of operations for the three-month period ended June 30, 2018 are not necessarily indicative of the operating results for the full year. These financial statements should be read in conjunction with the audited consolidated financial statements and related disclosures for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K for the year then ended.

Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or shareholders’ equity.

Effective July 23, 2018, the Company effected a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073. All fractional shares have been rounded up to the next whole share. There is no reduction in the number of the Company’s shareholders of record. Unless otherwise noted, impacted amounts and share information included in the financial statements and notes thereto have been retroactively adjusted for the reverse stock split as if such reverse stock split occurred on the first day of the first period presented.

Revenue Recognition

Revenue Recognition

In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company:

Revenue is recognized at the time the product is delivered or services are performed. Provision for sales returns are estimated based on the Company’s historical return experience. Revenue is presented net of returns.

Accounts Receivable

Accounts Receivable

The Company extends credit to its customers in the normal course of business and performs ongoing credit evaluations of its customers, maintaining an allowance for potential credit losses. Accounts receivable is reported net of the allowance for doubtful accounts. The allowance is based on management’s estimate of the amount of receivables that will actually be collected. The Company has not recorded an allowance for doubtful accounts as of June 30, 2018 or December 31, 2017. There are no customer account receivables as of June 30, 2018 or December 31, 2017.

Inventory

Inventory

Inventory consists of finished goods and is stated at the lower of cost (first-in, first-out) or market value. Finished goods inventory includes hand held laser devices, their carrying cases and goggles.

Equipment

Equipment

Equipment, consisting of computer equipment, is stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, of five years.

Long-Lived Assets

Long-Lived Assets

The Company reviews long-lived assets, such as equipment, for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds the estimated future cash flows, an impairment loss will be recorded by the amount the carrying value exceeds the fair value of the asset.

In August 2015, the Company’s wholly-owned subsidiary MLM, acquired a trademark for $20,000. Due to the uncertainty of future cash flows from the trademark, management has deemed it to be impaired and recorded an impairment expense of $20,000 in 2015.

Intangible Asset- Licensing Agreement

Intangible Asset- Licensing Agreement

On March 8th 2016 (with an effective date of October 1, 2015), the company, through it’s sole wholly-owned subsidiary (“Licensee”), entered into a Product and Know-How License Agreement (“Agreement”) with a Florida Corporation (“Licensor”) which is owned by a related party - the son of the Company’s CEO. The license provides with respect to the Technology, Licensor hereby grants to Licensee an irrevocable, nontransferable, royalty-bearing license, with a right of sublicense (the “License”), throughout the Territory in the Field of Use, whether or not under the Licensed Patent, to:

-use or submit or deliver the Technology and/or any Product to any regulatory body throughout the Territory for purposes of obtaining approval to make, Sell, offer for Sale, import, export and distribute the Technology or Products; and

- use or copy the Technology and/or any Product; and

- market, make, have made, Sell, offer for Sale, import and distribute Products; and

- sublicense the Technology; and

- prepare, or have prepared on its behalf, modifications, enhancements and/or derivative works of the Technology.

In connection with the license granted, Licensor hereby grants to Licensee a license to the Licensed Patents, whether now existing or hereafter acquired.

The consideration for the licensing agreement consisted of the issuance of 25,000 Series B Preferred stock shares to the Licensor (at par) plus a $150,000 promissory note issued by the Company to the licensor. On September 15, 2017 the Note was amended to include provisions to allow conversion of the Note into common stock of the Company. On September 25, 2017, $16,250 in principal on this note was satisfied by the conversion into 25,000 shares of the Company’s common stock. On January 31, 2018, $7,500 in principal on this note was satisfied by the conversion into 30,000 shares of the Company’s common stock. On March 2, 2018, another $7,500 in principal on this note was satisfied by the conversion into 30,000 shares of the Company’s common stock. During the quarter ended June 30, 2018, the original noteholder assigned $20,000 in principal to an unrelated third-party. The principal balance on this note as of June 30, 2018 is $80,250 to the original noteholder and $20,000 in principal balance to the new unrelated third-party noteholder.

The last part of the consideration in this license agreement is the royalty payments which have not taken effect yet since they are based on sales for which the company has had only minimum thus far.

The licensing agreement is for a ten-year period effective from October 1, 2015. The cost of the licensing agreement is being amortized over its ten-year period and charged to income on a straight-line basis.

Debt Issue Costs and Debt Discount

Debt Issue Costs and Debt Discount

The Company may pay debt issue costs, and record debt discounts in connection with raising funds through the issuance of convertible debt. These costs are amortized over the life of the debt to interest expense. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts are immediately expensed. Beginning in 2015, the Company adopted ASU 2015-03: Simplifying the Presentation of Debt Issuance Costs and has reflected the deferred financing costs as a direct reduction of the related debt (See table included in Note 5 to Consolidated Financial Statements).

Original Issue Discount

Original Issue Discount

For certain convertible debt issued, the Company provides the debt holder with an original issue discount. The original issue discount is recorded to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.

Derivative Liabilities

Derivative Liabilities

Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments, and measurement of their fair value for accounting purposes. The Company assessed its securities for purposes of determining the proper accounting treatment and valuation as set forth in the Statement of Financial Accounting Standard ASC 820–10–35–37 Fair Value in Financial Instruments; Statement of Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities; and Emerging Issues Task Force (“EITF”) Issue No. 00–19 and EITF 07–05.

In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.

Once the derivative liabilities are determined, they are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives.

Use of Estimates

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the condensed consolidated balance sheets and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

Financial Instruments

Financial Instruments

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, and other accrued liabilities approximate their fair values.

Segment Information

Segment Information

The Company follows Accounting Standards Codification (“ASC”) 280, “Segment Reporting”. The Company currently operates in a single segment and will evaluate additional segment disclosure requirements as it expands its operations.

Net Income (Loss) Per Common Share

Net Income (Loss) Per Common Share

The Company calculates net income (loss) per share based on the authoritative guidance. Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods in which the Company incurs losses, common stock equivalents, if any, are not considered, as their effect would be anti-dilutive.

Income Taxes

Income Taxes

The Company utilizes the accrual method of accounting for income taxes. Under the accrual method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.

The Company recognizes the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount recognized in the financial statements is the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. The Company did not have any unrecognized tax benefits as of June 30, 2018, and does not expect this to change significantly over the next 12 months.

Stock-Based Compensation

Stock-Based Compensation

The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value on the issuance date.

Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At June 30, 2018, the Company had $172,848 in cash equivalents.

Recent Pronouncements

Recent Pronouncements

In May 2014, FASB and IASB issued a new joint revenue recognition standard that supersedes nearly all GAAP guidance on revenue recognition. The core principle of the standard is that revenue recognition should depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The new standard is effective for the Company to annual reporting periods beginning after December 15, 2017 (that is, a public organization is required to apply the new revenue standard beginning in the first interim period within the year of adoption). Additionally, the Board decided to permit public organizations to adopt the new revenue standard early, but not before the original public organization effective date (that is, annual periods beginning after December 15, 2016). A public organization should apply the new revenue standard to all interim reporting periods within the year of adoption. The Company has evaluated the impact of this ASU on the consolidated financial statements and has determined, at this time, the ASU’s implementation would not have a material impact on revenue recognition. See below - Accounting Standards Update 2016-10 - Revenue from Contracts with Customers (Topic 606) Identifying Performance Obligations and Licensing.

In June 2018, the FASB issued Accounting Standards Update 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 also clarifies that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Revenue from Contracts with Customers (Topic 606). ASU 2018-07 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company will adopt the provisions of ASU 2018-07 in the quarter beginning January 1, 2019. The adoption of ASU 2018-07 is not expected to have any impact on the Company’s financial statement presentation or disclosures.

In April 2016, the FASB issued Accounting Standards Update 2016-10 - Revenue from Contracts with Customers (Topic 606) Identifying Performance Obligations and Licensing. The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company is currently evaluating the impact of this ASU on the consolidated financial statements.

In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220)”. The objective of the ASU is to allow a reclassification from accumulated comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act and will improve the usefulness of information reported to financial statement users. This ASU is effective for interim and annual reporting periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating the impact of this ASU on the consolidated financial statements.

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Property, Plant and Equipment (Net) (Tables)

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment (Net) [Abstract]

Summary of equipment recorded at cost

	March 31,  2018			December 31, 2017
Computer equipment	$	8,956		$	8,956
Less: accumulated depreciation		(8,045	)		(7,725	)
	$	912		$	1,232

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Convertible Notes Payable (Tables)

6 Months Ended

Jun. 30, 2018

Short-term Debt [Line Items]

Schedule of derivative liabilities

6/30/2018											Total
	Remaining Principal		Original  Issue		Derivative			Deferred  Financing			Convertible Notes		Derivative
Debt	Amount		Discount		Discount			Costs			Payable		Liability
Note Payable - BS	$	125									$	125
Note Payable - SF		60										60
Note Payable - SD		15,000										15,000
Note Payable - NW		715										715
Note Payable - MC #2		890										890
Convertible Note Payable - JR (5%)		50,000										50,000
Convertible Note Payable - HG (10%)		20,000										20,000
Convertible Note Payable - CB (5%)		-										-		904
Convertible Notes Payable - SO (8%)		2,452										2,452		2,638
Convertible Note Payable - LGC (8%) 1		45,500										45,500		38,808
Convertible Note Payable - LGC (8%) 2		125,000				-						125,000		105,824
Convertible Note Payable - LGC (8%) 3		125,000				(97,259	)		(120	)		27,621		111,685
Convertible Note Payable - LGC (8%) 4		125,000				(98,271	)		(599	)		26,130		105,118
Convertible Note Payable - MLM (10%) (Related party)		80,250				(48,400	)					31,850		130,656
Convertible Note Payable - LGC (8%) 5		78,750				(58,646	)		(2,332	)		17,772		66,031
Convertible Note Payable - LGC (8%) 6		52,500				(41,500	)		(2,315	)		8,685		42,755
	$	721,242	$	-	$	(344,076	)	$	(5,366	)	$	371,800	$	604,419

Notes converted $110 [Member]

Short-term Debt [Line Items]

Schedule of convertible note conversion

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
June 2013	$	70	$	0.0001		700
August 2013	$	40	$	0.0001		400

New note holder converted an additional $90 [Member]

Short-term Debt [Line Items]

Schedule of convertible note conversion

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
November 2013	$	40	$	0.0001		400
December 2013	$	50	$	0.0001		500

New note holder converted an additional $90 one [Member]

Short-term Debt [Line Items]

Schedule of convertible note conversion

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
March 2014	$	50	$	0.0001		500
April 2014	$	40	$	0.0001		400

Note converted $1,010 [Member]

Short-term Debt [Line Items]

Schedule of convertible note conversion

Date of Conversion	Principal Amount Converted		Conversion Rate		Shares Received
December 2012	$	150	$	0.001	$	150
January 2013	$	660	$	0.001		660
March  2013	$	200	$	0.001		200

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Derivatives and Fair Value Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Derivatives and Fair Value Instruments [Abstract]

Summary of projected annual volatility for each valuation period

3/31/2018	240	%	4/18/2018	205	%
4/1/2018	232	%	4/30/2018	216	%
4/1/2018	207	%	5/11/2018	212	%
4/6/2018	198	%	5/16/2018	210	%
4/13/2018	145	%	5/21/2018	212	%
4/14/2018	205	%	6/27/2018	179	%
			6/30/2018	204	%

Summary of derivative liabilities on convertible notes payable

6/30/2018 Convertible Note	Derivative Treatment Date	Maturity Date	Principal Note Amount		Original Derivative Valuation		Derivative Valuation December 31, 2017		Quarter Ended March 31, 2018 Issuances		Quarter Ended March 31, 2018 Conversions			Ended March 31,  2018 Mark-to- Market			Derivative Valuation March 31, 2018		Quarter Ended June 30, 2018 Issuances		Quarter Ended June 30, 2018 Conversions			Ended June 30, 2018 Mark-to- Market			Derivative Valuation June 30, 2018
8% Convertible Note Payable- issued 5/2/2016	10/1/2016	5/2/2017	$	57,750	$	58,355	$	24,925			$	(26,745	)	$	5,123		$	3,303						$	(665	)	$	2,638
5 % Convertible Note- Payable- issued 6/12/2015	4/12/2016	1/7/2017		35,863		37,827	$	832			$	-			305		$	1,137							(233	)	$	904
9% Convertible Notes Payable- issued 10/01/2016	3/26/2017	3/27/2018		157,895		56,956	$	-									$	-									$	-
8% Convertible Notes Payable- issued January 7, 2016	1/7/2016	1/7/2017		105,000		87,287		-									$	-									$	-
8% Convertible Notes Payable- issued January 7, 2016	1/7/2016	1/7/2017		50,000		15,803	$	-									$	-									$	-
8% Convertible Notes Payable- issued March 7, 2016	3/7/2016	3/7/2017		50,000		87,538	$	-									$	-									$	-
8% Convertible Notes Payable- issued March 7, 2016	3/7/2016	1/7/2017		46,803		82,115	$	-									$	-									$	-
8% Convertible Notes Payable- issued May 1, 2016	10/28/2017	5/1/2018		131,250		103,294	$	52,989			$	(31,013	)		8,541		$	30,517			$	(9,148	)		17,439		$	38,808
8% Convertible Notes Payable- issued June 7, 2016	12/4/2017	6/7/2018		125,000		90,596	$	64,458							(14,452	)	$	50,006							55,818		$	105,824
10% Convertible Notes Payable- issued March 8, 2016	9/15/2017	9/8/2018		150,000		167,164	$	108,682			$	(19,359	)		23,426		$	112,749			$	(26,895	)		44,802		$	130,656
8% Convertible Notes Payable- issued August 15, 2017	4/1/2018	8/15/2018		125,000		108,878	$	-									$	-		108,878					(3,760	)	$	105,118
8% Convertible Notes Payable- issued July 10, 2017	4/1/2018	7/10/2018		125,000		108,061	$	-									$	-		108,061					3,092		$	111,153
8% Convertible Notes Payable- issued January 25, 2018	4/1/2018	1/25/2019		78,750		65,896	$	-									$	-		65,896					135		$	66,031
8% Convertible Notes Payable- issued June 4, 2017	6/4/2018	6/4/2018		52,500		42,755	$	-									$	-		42,755					532		$	43,287
			$	1,290,811	$	1,112,525	$	251,886	$	-	$	(77,117	)	$	22,943		$	197,712	$	325,590	$	(36,043	)	$	117,160		$	604,419

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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2018

Commitments and Contingencies [Abstract]

Schedule of minimum required lease payments

2018	-	$	17,200
2019	-	$	24,600
2020	-	$	24,600
2021	-	$	4,100

Schedule of agreements with consultants for ongoing services for commitments

	Commitment	Term
Consultant - FDA requirements and compliance	$2,000 per month	12 Months
Consultant - capital formation and market services	Various equity percentage issuances of restricted stock for fundings	6 Months
Consultant - tradeshow attendance, strategy and collaboration, coordination regarding FDA compliance, manufacturing operations, sales and marketing, other related services	$10,000 per month (payable quarterly in cash or common stock from the 2016/2017 Equity Incentive Plan)	12 Months

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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Summary of owed amounts to related parties

	30-Jun		December 31
	2018		2017
Due to Related Party	$	8,921	$	8,921
Due to officer/stockholder		8,955		8,398
Due to other stockholders		6,100		6,790
Total Related Party Obligations	$	23,976	$	24,109

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Nature of Operations and Summary of Significant Accounting Policies (Details) - USD ($)	1 Months Ended						3 Months Ended			6 Months Ended	12 Months Ended
	Jul. 23, 2018	Mar. 02, 2018	Jan. 31, 2018	Sep. 25, 2017	Aug. 31, 2015	Aug. 19, 2015	Jun. 30, 2018	Dec. 31, 2017	Mar. 31, 2016	Jun. 30, 2018	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2018	Jun. 30, 2017	Dec. 31, 2016	Feb. 29, 2016
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Cash equivalents							$ 172,848	$ 287,569		$ 172,848				$ 231,333	$ 165,017
Estimated useful lives of assets										5 years
Cost of licensing agreement is being amortized term period										10 years
Equity method investment, ownership percentage						100.00%	4.99%			4.99%
Fair value of acquired entity						$ 20
Total purchase price, per share						$ 0.001
Total purchase price of shares						20,000
Conversion of stock, shares								39,714
Acquired trademark					$ 20,000
Impairment expense					$ 20,000
Convertible notes payable to investor							$ 1,290,811			$ 1,290,811
Convertible notes payable converted into common stock										139,439
Principal balance							80,250	$ 133,750		$ 80,250
Principal payment to unrelated third-party							20,000			$ 20,000
Subsequent event [Member]
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Reverse stock split, description	The Company effected a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073.
Series B Preferred Stock [Member]
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of series B preferred shares as part consideration for license agreement, shares										25,000
Conversion of stock, shares									1,700,000	25,000
Convertible notes payable to investor							150,000			$ 150,000
Promissory Note [Member]
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Promissory note issued by company							$ 150,000			$ 150,000						$ 7,000
Conversion of stock, shares				25,000						60,000
Convertible notes payable to investor		$ 7,500	$ 7,500	$ 16,250									$ 15,000
Convertible notes payable converted into common stock		30,000	30,000								2,400	2,500

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Property, Plant and Equipment (Net) (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Property, Plant and Equipment (Net) [Abstract]
Computer equipment	$ 8,956	$ 8,956
Less: accumulated depreciation	(8,045)	(7,725)
Total	$ 912	$ 1,232

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Property, Plant and Equipment (Net) (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Property, Plant and Equipment (Net) (Textual)
Depreciation expense	$ 319	$ 319

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Due to Related Party (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Due to Related Party (Textual)
Due to related party	$ 8,921	$ 8,921

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Loans Payable - Stockholders (Details) - USD ($)	1 Months Ended				6 Months Ended		12 Months Ended
	Mar. 02, 2018	Jan. 31, 2018	Feb. 28, 2017	Dec. 31, 2012	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2017	Feb. 29, 2016	Apr. 30, 2014
Loans Payable - Stockholders (Textual)
Stockholder of company advance					$ 0	$ 0
Loan					8,955				$ 8,955
Principal amount converted					$ 4,300
Debt conversion convertible shares, subsequent to the year end					139,439
Loan balance					$ 100				100
Stockholder [Member]
Loans Payable - Stockholders (Textual)
Shareholder indebted amount					$ 1,000				$ 1,500
Interest rate					26.70%
Promissory note due date			Jan. 01, 2014
Investor and noteholder [Member]
Loans Payable - Stockholders (Textual)
Principal amount converted			$ 500
Debt conversion convertible shares, subsequent to the year end			5,000
Promissory Note [Member]
Loans Payable - Stockholders (Textual)
Shareholder indebted amount				$ 5,000
Interest rate				10.00%						6.00%
Promissory note due date				Jun. 02, 2013
Conversion price per share											$ 0.0001
Principal amount converted							$ 2,400	$ 2,500
Debt conversion convertible shares, subsequent to the year end	30,000	30,000					2,400	2,500
Promissory note issued by company					$ 150,000					$ 7,000

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Convertible Notes Payable (Details)	6 Months Ended
	Jun. 30, 2018 USD ($) $ / shares shares
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 4,300
Shares Received | shares	139,439
June 2013 [Member] | Notes converted $110 [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 70
Conversion Rate | $ / shares	$ 0.0001
Shares Received | shares	700
August 2013 [Member] | Notes converted $110 [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 40
Conversion Rate | $ / shares	$ 0.0001
Shares Received | shares	400

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Convertible Notes Payable (Details 1)	6 Months Ended
	Jun. 30, 2018 USD ($) $ / shares shares
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 4,300
Shares Received | shares	139,439
November 2013 [Member] | An additional $90 of note [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 40
Conversion Rate | $ / shares	$ 0.0001
Shares Received | shares	400
December 2013 [Member] | An additional $90 of note [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 50
Conversion Rate | $ / shares	$ 0.0001
Shares Received | shares	500

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Convertible Notes Payable (Details 2)	6 Months Ended
	Jun. 30, 2018 USD ($) $ / shares shares
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 4,300
Shares Received | shares	139,439
March 2014 [Member] | An additional $90 of note [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 50
Conversion Rate | $ / shares	$ 0.0001
Shares Received | shares	500
April 2014 [Member] | An additional $90 of note [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 40
Conversion Rate | $ / shares	$ 0.0001
Shares Received | shares	400

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Convertible Notes Payable (Details 3)	6 Months Ended
	Jun. 30, 2018 USD ($) $ / shares shares
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 4,300
Shares Received | shares	139,439
December 2012 [Member] | Note converted $1,010 [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 150
Conversion Rate | $ / shares	$ 0.001
Shares Received | shares	150
January 2013 [Member] | Note converted $1,010 [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 660
Conversion Rate | $ / shares	$ 0.001
Shares Received | shares	660
March 2013 [Member] | Note converted $1,010 [Member]
Summary of convertible note conversion detail
Principal Amount Converted | $	$ 200
Conversion Rate | $ / shares	$ 0.001
Shares Received | shares	200

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Convertible Notes Payable (Details 4) - USD ($)	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Short-term Debt [Line Items]
Remaining Principal Amount	$ 721,242
Original Issue Discount
Derivative Discount	(344,076)
Deferred Financing Costs	(5,366)
Total Convertible Notes Payable	291,549		$ 280,351
Derivative Liability	604,419		$ 251,886
Note Payable - BS [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	125
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	125
Note Payable - SF [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	60
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	60
Note Payable - SD [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	15,000
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	15,000
Note Payable - NW [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	715
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	715
Note Payable - MC #2 [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	890
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	890
Convertible Note Payable - JR (5%) [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	50,000
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	50,000
Convertible Note Payable - HG (10%) [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	20,000
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	20,000
Convertible Note Payable - CB (5%) [Member]
Short-term Debt [Line Items]
Remaining Principal Amount
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable
Derivative Liability	904
Convertible Notes Payable- SO (8%) [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	2,452
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Derivative Liability	2,638
Convertible Note Payable - LGC (8%) 1 [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	45,500
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	45,500
Derivative Liability	38,808
Convertible Note Payable - LGC (8%) 2 [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	125,000
Original Issue Discount
Derivative Discount
Deferred Financing Costs
Total Convertible Notes Payable	125,000
Derivative Liability	105,824
Convertible Note Payable - LGC (8%) 3 [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	125,000
Original Issue Discount
Derivative Discount	(97,259)
Deferred Financing Costs	(120)
Derivative Liability	111,685
Convertible Note Payable - LGC (8%) 4 [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	125,000
Original Issue Discount
Derivative Discount	(98,271)
Deferred Financing Costs	(599)
Total Convertible Notes Payable		$ 26,130
Derivative Liability	105,118
Convertible Note Payable - MLM (10%) (Related party) [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	80,250
Original Issue Discount
Derivative Discount	(48,400)
Deferred Financing Costs
Total Convertible Notes Payable	31,850
Derivative Liability	130,656
Convertible Note Payable - LGC (8%) 5 [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	78,750
Original Issue Discount
Derivative Discount	(58,646)
Deferred Financing Costs	(2,332)
Total Convertible Notes Payable	17,772
Derivative Liability	66,031
Convertible Note Payable - LGC (8%) 6 [Member]
Short-term Debt [Line Items]
Remaining Principal Amount	52,500
Original Issue Discount
Derivative Discount	(41,500)
Deferred Financing Costs	(2,315)
Total Convertible Notes Payable	8,685
Derivative Liability	$ 42,755

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Convertible Notes Payable (Details Textual) - USD ($)	1 Months Ended															3 Months Ended	6 Months Ended		12 Months Ended
	Apr. 30, 2017	Jan. 31, 2017	Aug. 31, 2016	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Nov. 30, 2013	Oct. 31, 2013	Sep. 30, 2013	Aug. 31, 2013	Jul. 31, 2013	May 31, 2012	Mar. 31, 2011	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Convertible Notes Payable (Textual)
Principal amount transferred to shareholders/third party												$ 330
Retired amount of notes																	$ 11,000
Amount of accrued interest transferred												$ 55
Converted shares of common stock																	139,439
Principal amount converted																	$ 4,300
Remaining principal of note																$ 890	890		$ 890
Issued aggregate principal amount																20,000	20,000
6% convertible notes [Member]
Convertible Notes Payable (Textual)
Maturity of convertible notes															January 2012
Interest rate on notes															6.00%
Issued aggregate principal amount															$ 800
Notes converted $110 [Member]
Convertible Notes Payable (Textual)
Converted shares of common stock											1,000	50			1,100,000
Principal amount converted											$ 100	$ 5			$ 110
Notes converted $110 [Member] | Third Party [Member]
Convertible Notes Payable (Textual)
Converted shares of common stock											350
Principal amount converted											$ 35
New note holder converted an additional $90 [Member]
Convertible Notes Payable (Textual)
Converted shares of common stock						900	900	900	900
Principal amount converted						$ 90	$ 90	$ 90	$ 90
Remaining principal of note																$ 125	$ 125
Note Payable-NW [Member]
Convertible Notes Payable (Textual)
Description of conversion of convertible notes													In August 2013, in a private transaction, the new note holder of the aforementioned note transferred $4,475 of principal to a stockholder of the company.
Issued aggregate principal amount													$ 9,690
$240 Note [Member]
Convertible Notes Payable (Textual)
Note conversion, maximum shares issuable in percentage of issued and outstanding common stock																	9.99%		9.99%
Conversion price per share													$ 0.0006			$ 0.0001	$ 0.0001		$ 0.0001
Converted shares of common stock													400				140,166		84,859
Principal amount converted													$ 240
Remaining principal of note																$ 60	$ 60		$ 60
$300 Note [Member]
Convertible Notes Payable (Textual)
Converted shares of common stock													300
Principal amount converted													$ 300
Remaining principal of note													9,690
$400 Note [Member]
Convertible Notes Payable (Textual)
Conversion price per share										$ 0.001
Converted shares of common stock										400
Principal amount converted										$ 400
$1,100 Note [Member]
Convertible Notes Payable (Textual)
Note conversion, maximum shares issuable in percentage of issued and outstanding common stock																	9.99%		9.99%
Conversion price per share																$ 0.001	$ 0.001		$ 0.001
Converted shares of common stock					1,100
Principal amount converted					$ 1,100
Issuance of common shares																	140,166		848,589
$25,000 Note [Member]
Convertible Notes Payable (Textual)
Maturity of convertible notes														November 2012
Note conversion, maximum shares issuable in percentage of issued and outstanding common stock														9.99%
Retired amount of notes													$ 14,000
Interest rate on notes														6.00%
Conversion price per share														$ 0.001
Converted shares of common stock														1,010
Principal amount converted														$ 1,010
Description of conversion of convertible notes														The note plus any accrued but unpaid interest were convertible at the rate of $0.001 per share at the time of conversion up to a maximum of 9.99% of the then issued and outstanding common stock.
Issued aggregate principal amount														$ 25,000
$3,000 Note [Member]
Convertible Notes Payable (Textual)
Maturity of convertible notes				October 2015
Note conversion, maximum shares issuable in percentage of issued and outstanding common stock				8.00%
Principal amount transferred to shareholders/third party		$ 600
Converted shares of common stock	6,000	11,000	3,000																6,000
Principal amount converted	$ 410	$ 1,100	$ 3,000																$ 600
Remaining principal of note																$ 715	$ 715		$ 715
Description of conversion of convertible notes				The holder of the note has the right to convert the principal into shares of the Company's common stock at any time 180 days after the closing date at $0.0001 per share. Interest on the note accrues interest at 8% per annum and is payable when the note matures.
Issued aggregate principal amount				$ 3,000
Issuance of common shares		6,000,000

XML

Convertible Notes Payable (Details Textual 1)										1 Months Ended							3 Months Ended					6 Months Ended		12 Months Ended
	Jun. 04, 2018 USD ($)	Aug. 02, 2017 USD ($) $ / shares	Jun. 02, 2017 USD ($)	Oct. 11, 2016 USD ($)	May 02, 2016 USD ($)	Mar. 15, 2016 USD ($)	Mar. 08, 2016 USD ($) shares	Jan. 13, 2016 USD ($) LaserDevices	Jan. 07, 2016 USD ($)	May 26, 2018 USD ($)	Jan. 25, 2018 USD ($)	Sep. 25, 2017 USD ($) shares	Jun. 30, 2017 USD ($)	May 01, 2017 USD ($)	Apr. 30, 2017 shares	Jun. 15, 2016 USD ($)	Jun. 30, 2018 USD ($) shares	Mar. 31, 2018 USD ($) shares	Dec. 31, 2017 USD ($) shares	Jun. 30, 2017 USD ($) shares	Mar. 31, 2017 USD ($) shares	Jun. 30, 2018 USD ($) shares	Jun. 30, 2017 USD ($)	Dec. 31, 2017 USD ($) shares	Sep. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)
Convertible Notes Payable (Textual)
Loss on extinguishment of debt
Convertible notes payable converted into common stock | shares																						139,439
Original issue, discount
Convertible notes payable																	291,549		$ 280,351			291,549		$ 280,351
Remaining principal of note																	890		$ 890			890		890
Principal amount converted																						4,300
Convertible notes payable, principal amount																	1,290,811					1,290,811
Conversion of stock, shares | shares																			39,714
Principal outstanding balance																						52,500
Convertible Notes Payable-LG (9%) [Member]
Convertible Notes Payable (Textual)
Original issue, discount
Convertible Notes Payable- BBCG (9%) [Member]
Convertible Notes Payable (Textual)
Interest rate on notes				9.00%
Promissory note due date				May 27, 2018
Original issue debt discount				$ 7,895
Debt discounted rate, percentage				57.50%
Original issue, discount
Convertible notes payable, principal amount				$ 157,895
Convertible Notes Payable-LGC (8%) BEN [Member]
Convertible Notes Payable (Textual)
Interest rate on notes								8.00%
Promissory note due date								Jan. 07, 2017
Convertible notes payable converted into common stock | shares															50,000
Proceeds from discount on legal fees								$ 75,697
Collateralized secured promissory note								$ 50,000
Beneficial ownership interest rate								9.99%
Convertible notes payable																	2,452					2,452
Common stock conversion of trading days | LaserDevices								20
Remaining principal of note													$ 46,803							46,803			46,803
Principal amount converted													16,000
Conversion price, description								Conversion price equal to 55% of the lowest trading price of Common Stock during the 20 trading day period prior to conversion.
Convertible notes payable, principal amount								$ 50,000
Convertible Notes Payable - LG Funding (8%) [Member]
Convertible Notes Payable (Textual)
Sale of convertible redeemable principal amount														$ 1,012,500
Principal amount converted																			$ 21,500			$ 45,500		15,350
Deducting of legal fees																								25,000
Convertible notes payable, principal amount			$ 125,000											131,250					$ 131,250					$ 131,250
Common stock issued on fully satisfied issuance | shares																						38,870
Conversion of stock, shares | shares																			35,058			193,384		350,358
Convertible notes issued date			Dec. 04, 2017
Convertible Note Payable - JR (5%) [Member]
Convertible Notes Payable (Textual)
Interest rate on notes		5.00%
Promissory note due date		Aug. 02, 2018
Original issue, discount
Conversion price per share | $ / shares		$ 0.003
Convertible notes payable																	50,000					50,000
Principal amount converted		$ 50,000
Convertible notes payable, principal amount																			$ 50,000					$ 50,000
Convertible Notes Payable - MLM (10%) [Member]
Convertible Notes Payable (Textual)
Original issue, discount
Convertible notes payable																		$ 26,130
Principal amount converted																		$ 15,000				20,000
Convertible notes payable, principal amount																	7,500		133,750			$ 7,500		133,750
Common stock issued on fully satisfied issuance | shares																		60,000
Conversion of stock, shares | shares																						30,000
Leaving balance on original note																						$ 80,250
Convertible Notes Payable - LG (8%) [Member]
Convertible Notes Payable (Textual)
Interest rate on notes	8.00%										8.00%
Promissory note due date	Jun. 04, 2019										Jan. 25, 2019
Convertible notes payable, principal amount	$ 52,500										$ 78,750
Principal outstanding balance																						78,750
Convertible Note Payable - LGC (8%) 3 [Member]
Convertible Notes Payable (Textual)
Convertible notes payable																	$ 27,621					$ 27,621
January 1, 2018 [Member] | Convertible Notes Payable - LG Funding (8%) [Member]
Convertible Notes Payable (Textual)
Sale of convertible redeemable principal amount														131,250
Remaining principal of note														131,250
February 2, 2018 [Member] | Convertible Notes Payable - LG Funding (8%) [Member]
Convertible Notes Payable (Textual)
Remaining principal of note														125,000
March 10, 2018 [Member] | Convertible Notes Payable - LG Funding (8%) [Member]
Convertible Notes Payable (Textual)
Remaining principal of note														125,000
April 07, 2018 [Member] | Convertible Notes Payable - LG Funding (8%) [Member]
Convertible Notes Payable (Textual)
Remaining principal of note														$ 125,000
$131K Note [Member] | Convertible Notes Payable - LG Funding (8%) [Member]
Convertible Notes Payable (Textual)
Interest rate on notes														8.00%
Debt instrument convertible redeemable description														Pursuant to which the Investor agreed to pay the Company $131,250 and $375,000 on or before January 1, 2018, February 2, 2018, March 10, 2018 and April 7, 2018 respectively. These Notes (often referred to as "back-end Notes"), bear interest at the rate of 8% per annum.
Proceeds from discount on legal fees			$ 481,250											$ 481,250
Collateralized secured promissory note														131,250
Deducting of legal fees														25,000
Convertible notes payable, principal amount														131,250
$125K Note [Member] | Convertible Notes Payable - LG Funding (8%) [Member]
Convertible Notes Payable (Textual)
Collateralized secured promissory note														125,000
Convertible notes payable, principal amount														$ 125,000					94,400					$ 94,400
Common Stock [Member]
Convertible Notes Payable (Textual)
Convertible notes payable converted into common stock | shares																						62,068		62,068
Remaining principal of note																										$ 105,000
Convertible notes payable, principal amount																									$ 30,803
Investor [Member]
Convertible Notes Payable (Textual)
Interest rate on notes					8.00%
Promissory note due date					May 02, 2017				Jan. 07, 2016
Conversion date, description					The holder of the note is entitled, at its option beginning on the 6 month anniversary, to convert all or any of the principal face amount of the Note then outstanding into shares of the Company's common stock at the price equal to 55% of the lowest trading price for the twenty prior trading days including the date of conversion.
Sale of convertible redeemable principal amount									$ 251,803
Debt instrument convertible redeemable description									(i) a convertible redeemable note in principal amount of $105,000 containing an original issue discount of $20,000 (the "$105K Note"); and (ii) a convertible redeemable note in principal amount of $50,000 (the "$50K Note" and together with the $105K Note, the "Notes").
Note receivables						$ 50,000										$ 46,803
Principal amount converted									$ 105,000	$ 20,000
Convertible notes payable, principal amount					$ 57,750
5% CONVERTIBLE NOTES PAYABLE
Convertible Notes Payable (Textual)
Convertible notes payable
Remaining principal of note																			100,000					100,000
Convertible Note Payable-SO-B (8%) [Member]
Convertible Notes Payable (Textual)
Debt discounted rate, percentage					10.00%
Convertible notes payable converted into common stock | shares																	122,727
Leaving balance on original note																	$ 2,452
Principal outstanding balance																	$ 23,000
Convertible Note Payable-SO-B (8%) [Member] | Investor [Member]
Convertible Notes Payable (Textual)
Convertible notes payable converted into common stock | shares																					23,490
Remaining principal of note																			$ 25,452					$ 25,452
Principal amount converted																					$ 32,298
Promissory Note [Member] | Convertible Notes Payable - LG Funding (8%) [Member]
Convertible Notes Payable (Textual)
Principal amount converted																						$ 10,030
Conversion of stock, shares | shares																						62,015
Promissory Note [Member] | Convertible Notes Payable - MLM (10%) [Member]
Convertible Notes Payable (Textual)
Convertible notes payable converted into common stock | shares																						826,747
Convertible notes payable, principal amount												$ 16,250
Promissory note issued by company							$ 150,000
Accrued interest													$ 18,986							$ 18,986			$ 18,986
Common stock issued on fully satisfied issuance | shares																				17,273
Conversion of stock, shares | shares												25,000
Issuance of series B preferred shares as part consideration for license agreement, shares | shares							25,000

XML

Derivatives and Fair Value Instruments (Details)	6 Months Ended
	Jun. 30, 2018
3/31/2018 [Member]
Derivative [Line Items]
Volatility rate	240.00%
4/1/2018 [Member]
Derivative [Line Items]
Volatility rate	232.00%
4/1/2018 One [Member]
Derivative [Line Items]
Volatility rate	207.00%
4/6/2018 [Member]
Derivative [Line Items]
Volatility rate	198.00%
4/13/2018 [Member]
Derivative [Line Items]
Volatility rate	145.00%
4/14/2018 [Member]
Derivative [Line Items]
Volatility rate	205.00%
4/18/2018 [Member]
Derivative [Line Items]
Volatility rate	205.00%
4/30/2018 [Member]
Derivative [Line Items]
Volatility rate	216.00%
5/11/2018 [Member]
Derivative [Line Items]
Volatility rate	212.00%
5/16/2018 [Member]
Derivative [Line Items]
Volatility rate	210.00%
5/21/2018 [Member]
Derivative [Line Items]
Volatility rate	212.00%
6/27/2018 [Member]
Derivative [Line Items]
Volatility rate	179.00%
6/30/2018 [Member]
Derivative [Line Items]
Volatility rate	204.00%

XML

Derivatives and Fair Value Instruments (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Summary of convertible notes payable
Principal Note Amount	$ 1,290,811		$ 1,290,811
Original Derivative Valuation				$ 1,112,525
Issuances	325,590
Conversions	(36,043)	(77,117)	(77,117)
Mark-to-Market	117,160	22,943	22,943
Derivative Valuation	604,419		$ 604,419	251,886
8% Convertible Note Payable-issued 5/2/2016 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Oct. 01, 2016
Maturity Date			May 02, 2017
Principal Note Amount				57,750
Original Derivative Valuation				58,355
Issuances
Conversions		(26,745)
Mark-to-Market	(665)	5,123
Derivative Valuation	2,638	3,303	$ 2,638	24,925
5% Convertible Notes Payable-issued 6/12/2015 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Apr. 12, 2016
Maturity Date			Jan. 07, 2017
Principal Note Amount				35,863
Original Derivative Valuation				37,827
Issuances
Conversions
Mark-to-Market	(233)	305
Derivative Valuation	904	1,137	$ 904	832
9% Convertible Notes Payable-issued 10/01/2016 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Mar. 26, 2017
Maturity Date			Mar. 27, 2018
Principal Note Amount				157,895
Original Derivative Valuation				56,956
Issuances
Conversions
Mark-to-Market
Derivative Valuation
8% Convertible Notes Payable-issued January 7, 2016 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Jan. 07, 2016
Maturity Date			Jan. 07, 2017
Principal Note Amount				105,000
Original Derivative Valuation				87,287
Issuances
Conversions
Mark-to-Market
Derivative Valuation
8% Convertible Notes Payable-issued January 7, 2016 One [Member]
Summary of convertible notes payable
Derivative Treatment Date			Jan. 07, 2016
Maturity Date			Jan. 07, 2017
Principal Note Amount				50,000
Original Derivative Valuation				15,803
Issuances
Conversions
Mark-to-Market
Derivative Valuation
8% Convertible Notes Payable-issued March 7, 2016 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Mar. 07, 2016
Maturity Date			Mar. 07, 2017
Principal Note Amount				50,000
Original Derivative Valuation				87,538
Issuances
Conversions
Mark-to-Market
Derivative Valuation
8% Convertible Notes Payable-issued March 7, 2016 One [Member]
Summary of convertible notes payable
Derivative Treatment Date			Mar. 07, 2016
Maturity Date			Jan. 07, 2017
Principal Note Amount				46,803
Original Derivative Valuation				82,115
Issuances
Conversions
Mark-to-Market
Derivative Valuation
8% Convertible Notes Payable-issued May 1, 2016 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Oct. 28, 2017
Maturity Date			May 01, 2018
Principal Note Amount				131,250
Original Derivative Valuation				103,294
Issuances
Conversions	(9,148)	(31,013)
Mark-to-Market	17,439	8,541
Derivative Valuation	38,808	30,517	$ 38,808	52,989
8% Convertible Notes Payable-issued June 7, 2016 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Dec. 04, 2017
Maturity Date			Jun. 07, 2018
Principal Note Amount				125,000
Original Derivative Valuation				90,596
Issuances
Conversions
Mark-to-Market	55,818	(14,452)
Derivative Valuation	105,824	50,006	$ 105,824	64,458
10% Convertible Notes Payable-issued March 8, 2016 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Sep. 15, 2017
Maturity Date			Sep. 08, 2018
Principal Note Amount				150,000
Original Derivative Valuation				167,164
Issuances
Conversions	(26,895)	(19,359)
Mark-to-Market	44,802	23,426
Derivative Valuation	130,656	112,749	$ 130,656	108,682
8% Convertible Notes Payable- issued August 15, 2017 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Apr. 01, 2018
Maturity Date			Aug. 15, 2018
Principal Note Amount				125,000
Original Derivative Valuation				108,878
Issuances	108,878
Conversions
Mark-to-Market	(3,760)
Derivative Valuation	105,118		$ 105,118
8% Convertible Notes Payable- issued July 10, 2017 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Apr. 01, 2018
Maturity Date			Jul. 10, 2018
Principal Note Amount				125,000
Original Derivative Valuation				108,061
Issuances	108,061
Conversions
Mark-to-Market	3,092
Derivative Valuation	111,153		$ 111,153
8% Convertible Notes Payable- issued January 25, 2018 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Apr. 01, 2018
Maturity Date			Jan. 25, 2019
Principal Note Amount				78,750
Original Derivative Valuation				65,896
Issuances	65,896
Conversions
Mark-to-Market	135
Derivative Valuation	66,031		$ 66,031
8% Convertible Notes Payable- issued June 4, 2017 [Member]
Summary of convertible notes payable
Derivative Treatment Date			Jun. 04, 2018
Maturity Date			Jun. 04, 2018
Principal Note Amount				52,500
Original Derivative Valuation				$ 42,755
Issuances	42,755
Conversions
Mark-to-Market	532
Derivative Valuation	$ 43,287		$ 43,287

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Derivatives and Fair Value Instruments (Details Textual)

3 Months Ended

6 Months Ended

Jun. 30, 2018

USD ($)

Jun. 30, 2018

Jun. 30, 2017

Aug. 19, 2015

Derivatives and Fair Value Instruments (Textual)

Derivative, description

- The post reverse split (1,000:1) stock price of $0.50 decreased to $0.40 in this period (basis for the variable conversion price) would fluctuate with the Company projected volatility;

- An event of default for the Convertible Note would occur 0% of the time, increasing 1.00% per month to a maximum of 5.0%;

- Alternative financing for the Convertible Note would be initially available to redeem the note 0% of the time and increase monthly by 1% to a maximum of 10%;

- Capital raising events (a single financing at 1 month from the valuation date) are a factor for the VV Convertible Note. The full reset events projected to occur based on future stock issuance (single event) resulting in a reset exercise price.

- The monthly trading volume would average $579,941 (rounded) as of 6/30/2018 and would increase at 5% per month;ownership limits conversion across LG’s notes based on 4.99% with shares outstanding increasing monthly by 1%.

- The variable conversion price of 50% to 58% over 3 to 20 trading days would have effective rates of 45.89% to 55.04%;

- The Note Holders would automatically convert the notes early (and not hold to maturity) with variable conversion prices and full ratchet resets if the registration was effective and not in default;

Description of embedded derivative

The Company's 5% convertible notes payable and 8% convertible notes payable and 9% convertible note payable issued to unrelated investors is a hybrid instrument, which warrants separate accounting as a derivative instrument.

Equity method investment, ownership percentage

4.99%

4.99%

100.00%

Fair value adjustment ((income)/expense)

$ 117,160

Fair Value, Inputs, Level 3 [Member]

Derivatives and Fair Value Instruments (Textual)

Fair value instrument, description

The Company’s Level 3 financial liabilities consist of the 5% Convertible Notes Payable issued June 12th 2015 and the 8% Convertible Note payable issued June 25th 2015 and for the 8% Convertible Notes Payable issued January 7, 2016 and March 7, 2016 and May 1, 2017 and June 2, 2017 and July 10, 2017 and August 15, 2017, the 9% Convertible Note payable issued October 1, 2016, The 8% Convertible note payable issued January 25, 2018 and the 8% Convertible note payable issued June 4, 2018 for which there is no current market for these securities such that the determination of fair value requires significant judgment or estimation.

Maximum [Member]

Derivatives and Fair Value Instruments (Textual)

Projected annual volatility

240

Variable conversion rate

58.00%

Derivatives trading period

20 days

Derivatives effective rate

57.18%

Minimum [Member]

Derivatives and Fair Value Instruments (Textual)

Projected annual volatility

145

Variable conversion rate

50.00%

Derivatives trading period

3 days

Derivatives effective rate

42.38%

5% Convertible Note Payable [Member]

Derivatives and Fair Value Instruments (Textual)

Variable conversion rate

5.00%

8% Convertible Notes Payable [Member]

Derivatives and Fair Value Instruments (Textual)

Variable conversion rate

8.00%

9% convertible note payable [Member]

Derivatives and Fair Value Instruments (Textual)

Variable conversion rate

9.00%

XML

Stockholders' Equity (Details Textual) - $ / shares	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Sep. 19, 2017
Stockholders' Equity (Textual)
Common stock, shares authorized	4,000,000,000	4,000,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares outstanding	1,403,063	849,437
Common stock, shares issued	1,403,063	849,437
Convertible preferred, stock description	At December 31, 2016 there were 39,000 shares issued of which 12,900 shares of Series B preferred were converted into common stock in accordance with the terms of the Series B Preferred stock. Therefore; there were 26,100 shares outstanding at December 31, 2016. The Series B preferred stock has no voting rights. During the quarter ended March 31, 2017, 18,100 shares of Series B preferred shares were converted into common stock in accordance with the terms of the Series B preferred stock. As of result there were 8,000 shares of Series B preferred shares outstanding at June 30, 2018. The holders of the Series B convertible preferred stock have the right to convert the same into Common Stock of the Corporation at the ratio of one (1) share of Series B Convertible Preferred for five hundred (500) shares of Common Stock.
Common Stock [Member]
Stockholders' Equity (Textual)
Common stock, shares authorized			4,000,000,000
Series A preferred stock [Member]
Stockholders' Equity (Textual)
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	500,000	500,000
Preferred stock, shares outstanding	500,000	500,000
Preferred stock has preferential voting rights	The preferred stock has preferential voting rights of 2,000 votes per outstanding share.
Series B Preferred Stock [Member]
Stockholders' Equity (Textual)
Preferred stock, shares authorized	50,000	50,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	8,000	8,000
Preferred stock, shares outstanding	8,000	8,000

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Stockholders' Equity (Details Textual 1) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Jul. 23, 2018	Jun. 30, 2018	Dec. 31, 2017
Stockholders' Equity (Textual)
Common stock, par value		$ 0.0001	$ 0.0001
Additional paid-in-capital increased		$ 140,169	$ 84,861
Subsequent event [Member]
Stockholders' Equity (Textual)
Reverse stock split, description	The Company effected a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073.
March 31, 2018 [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		18,000
March 31, 2018 One [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		376,111
March 31, 2017 [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		43,000
March 31, 2017 One [Member]
Stockholders' Equity (Textual)
Stock issued during period shares issued for conversion of notes, shares		112,498
March 31, 2017 Two [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		9,050
Stock issued during period shares issued for conversion of notes, shares		18,100
June 30, 2017 [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		33,000
June 30, 2017 [Member] | Series A Preferred Stock [Member]
Stockholders' Equity (Textual)
Common stock, par value		$ 0.0001
Common stock issued for services, shares		450,000
June 30, 2017 One [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		177,073
September 30, 2017 [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		41,000
September 30, 2017 One [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		62,196
December 31, 2017 [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		71,000
December 31, 2017 One [Member]
Stockholders' Equity (Textual)
Common stock issued for services, shares		74,772
June 30, 2018 [Member]
Stockholders' Equity (Textual)
Stock issued during period shares issued for conversion of notes, shares		67,500
June 30, 2018 one [Member]
Stockholders' Equity (Textual)
Stock issued during period shares issued for conversion of notes, per shares		$ 92,015

XML

Commitments and Contingencies (Details)	Jun. 30, 2018 USD ($)
Commitments and Contingencies [Abstract]
2018	$ 17,200
2019	24,600
2020	24,600
2021	$ 4,100

XML

Commitments and Contingencies (Details 1)	6 Months Ended
	Jun. 30, 2018
Consultant - FDA requirements and compliance [Member]
Commitments and Contingencies [Line Items]
Commitment	$2,000 per month
Term	12 months
Consultant - capital formation and market services [Member]
Commitments and Contingencies [Line Items]
Commitment	Various equity percentage issuances of restricted stock for fundings
Term	6 months
Consultant - tradeshow attendance, strategy and collaboration, coordination regarding FDA compliance, manufacturing operations, sales and marketing, other related services [Member]
Commitments and Contingencies [Line Items]
Commitment	$10,000 per month (payable quarterly in cash or common stock from the 2016/2017 Equity Incentive Plan)
Term	12 months

XML

Commitments and Contingencies (Details Textual) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended
	Sep. 12, 2016	Jul. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2018	Dec. 31, 2017
Commitments and Contingencies (Textual)
Current office space rate per month			$ 1,575		$ 1,575
Commitments, description		The Company leased additional space at this location thereby increasing the monthly rent to $1,550.			The Company also has ready-to-go office space available to be used for meetings etc. at a nominal cost of approximately $100 per month with no commitment.
Payments for rent					$ 4,650
Office premises cost	$ 650
Lease agreement renewal term	3 years
Office premises cost term	1 year
Prepaid rent			1,550		1,550		$ 6,200
Total rent expense			6,522	$ 3,822	12,344	$ 7,644
Stockholder [Member]
Commitments and Contingencies (Textual)
Current office space rate per month			$ 525		525
Payments for rent					$ 297

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Related Party Transactions (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Owed amounts of related parties
Due to Related Party	$ 8,921	$ 8,921
Due to officer/stockholder	8,955	8,398
Due to other stockholders	6,100	6,790
Total Related Party Obligations	$ 23,976	$ 24,109

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Related Party Transactions (Details Textual) - USD ($)

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Sep. 30, 2017

Sep. 25, 2017

Aug. 31, 2015

Dec. 31, 2012

Jun. 30, 2018

Dec. 31, 2017

Jun. 30, 2017

Mar. 31, 2016

Jun. 30, 2018

Jun. 30, 2017

Dec. 31, 2015

Dec. 31, 2014

Mar. 31, 2018

Mar. 02, 2018

Jan. 31, 2018

Dec. 31, 2016

Feb. 29, 2016

Aug. 19, 2015

Related Party Transactions (Textual)

Accrued compensation

$ 30,000

$ 18,974

Fair value of acquired entity

$ 20

Officer's base compensation

$ 37,500

$ 25,000

$ 75,000

$ 50,000

Accrued CEO compensation was converted to Series A Preferred shares

$ 45

Convertible notes payable to investor

1,290,811

1,290,811

Conversion of stock, shares

39,714

Accrued expenses - officer's compensation

394,905

$ 401,079

$ 394,905

Related-party noteholder, description

The original related-party noteholder sold $20,000 in principal on this note to an unrelated third-party investor thereby leaving $80,250 in principal balance due to the related party original noteholder and $20,000 in principal due to the unrelated third-party investor.

Series B Preferred Stock [Member]

Related Party Transactions (Textual)

Issuance of series B preferred shares as part consideration for license agreement, shares

25,000

Issuance of common shares upon conversion of shares

18,100

Converted into shares of common stock

3,400

30,000

9,050

Convertible notes payable to investor

150,000

$ 150,000

Conversion of stock, shares

1,700,000

25,000

Promissory Note [Member]

Related Party Transactions (Textual)

Promissory note issued by company

150,000

$ 150,000

$ 7,000

Accrued interest

$ 18,986

$ 18,986

Common stock issued on fully satisfied issuance

17,273

Convertible notes payable to investor

$ 16,250

$ 15,000

$ 7,500

$ 7,500

Conversion of stock, shares

25,000

60,000

Interest rate

10.00%

6.00%

Promissory note due date

Jun. 02, 2013

Chief Executive Officer [Member]

Related Party Transactions (Textual)

Accrued compensation

$ 25,500

$ 44,673

Officer's base compensation

$ 100,000

$ 100,000

Increase annual salary

$ 150,000

Medical Lasers Manufacturer, Inc. [Member]

Related Party Transactions (Textual)

Percentage of acquisition

100.00%

Common stock shares issued for acquisition

20,000

Price per share

$ 0.001

Fair value of acquired entity

$ 20,000

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Basis of Reporting - Going Concern (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Basis of Reporting - Going Concern (Textual)
Losses from inception	$ (4,396,025)	$ (3,665,129)

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Stock Compensation - Equity Incentive Plan (Details) - shares		1 Months Ended			3 Months Ended		6 Months Ended	12 Months Ended
	Dec. 06, 2016	Jan. 31, 2018	May 31, 2017	Jul. 31, 2016	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2018	Dec. 31, 2017
2016 Equity Incentive Plan [Member]
Stock Compensation - Equity Incentive Plan (Textual)
Aggregate of shares of common stock				20,000
Common stock to non-employees for services rendered						27,100
Issuance of common shares	32,000					0
2017 Equity Incentive Plan [Member]
Stock Compensation - Equity Incentive Plan (Textual)
Aggregate of shares of common stock			125,000
Common stock to non-employees for services rendered								108,000
Issuance of common shares								17,000
2018 Equity Incentive Plan [Member]
Stock Compensation - Equity Incentive Plan (Textual)
Aggregate of shares of common stock		175,000
Common stock to non-employees for services rendered					4,000		17,500
Issuance of common shares					188,000		170,500

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Subsequent Events (Details) - USD ($)

1 Months Ended

6 Months Ended

12 Months Ended

Jul. 23, 2018

Jun. 30, 2018

Dec. 31, 2017

Subsequent Events (Textual)

Debt conversion convertible shares, subsequent to the year end

139,439

Aggregate principal amount, subsequent to the year end

$ 4,300

Accrued interest, subsequent to the year end

217

Additional paid-in-capital increased

$ 140,169

$ 84,861

Consultants and professionals [Member]

Subsequent Events (Textual)

Common stock shares issued for services

82,188

Subsequent Event [Member]

Subsequent Events (Textual)

Reverse stock split, description

The Company completed a 1-for-1,000 reverse stock split of its issued and outstanding common stock. The number of shares of common stock issued and outstanding post- reverse stock split is 1,404,073. All fractional shares have been rounded up to the next whole share. There is no reduction in the number of the Company’s shareholders of record. The Company’s trading symbol will be MFSTD. The symbol will revert back to MFST twenty (20) business days after the effective date.