0001683168-19-002671.txt : 20190819 0001683168-19-002671.hdr.sgml : 20190819 20190819125509 ACCESSION NUMBER: 0001683168-19-002671 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 45 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190819 DATE AS OF CHANGE: 20190819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kisses From Italy, Inc. CENTRAL INDEX KEY: 0001608092 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING & DRINKING PLACES [5810] IRS NUMBER: 462388377 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55967 FILM NUMBER: 191035860 BUSINESS ADDRESS: STREET 1: 80 SW 8TH STREET STREET 2: SUITE 2000 CITY: MIAMI STATE: FL ZIP: 33130 BUSINESS PHONE: (305) 423-7024 MAIL ADDRESS: STREET 1: 80 SW 8TH STREET STREET 2: SUITE 2000 CITY: MIAMI STATE: FL ZIP: 33130 10-Q 1 kisses_10q06302019.htm FORM 10-Q

 

Table of Contents

 

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

Quarterly Report Under

the Securities Exchange Act of 1934

 

For Quarter Ended: June 30, 2019

 

Commission File Number: 000-52898

 

Kisses From Italy, Inc.

(Exact name of small business issuer as specified in its charter)

 

Florida   46-2388377
(State or other jurisdiction of incorporation)   (IRS Employer ID No.)

 

80 SW 8th ST.

Suite 2000

Miami, Florida 33130

(Address of principal executive offices)

 

305 423-7129

(Issuer’s Telephone Number)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Not applicable Not applicable Not applicable

 

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, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☑ No ☐

 

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

 

  Large accelerated filer  ☐ Accelerated filer  ☐
  Non-accelerated filer  ☒ 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 13(a) of the Exchange Act. ☐

 

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

 

The number of shares of the registrant’s only class of common stock issued and outstanding as of August 16, 2019 was 81,780,170 shares.

 

 

 

   

 

 

 

TABLE OF CONTENTS

 

        Page No.  
    PART I.      
    FINANCIAL INFORMATION        
             
Item 1.   Financial Statements     4  
Item 2.   Management’s Discussion and Analysis of Financial Condition and Results of Operations     5  
Item 3.   Quantitative and Qualitative Disclosures About Market Risk     9  
Item 4.   Controls and Procedures     9  
             
    PART II        
    OTHER INFORMATION        
             
Item 1.   Legal Proceedings     10  
Item 1A.   Risk Factors     10  
Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds     10  
Item 3.   Defaults Upon Senior Securities     10  
Item 4.   Mine Safety Disclosures     10  
Item 5.   Other Information     10  
Item 6.   Exhibits     10  
      Signatures     11  

 

 

 

 

 

 

 

 

 

 

 

 2 

 

 

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

 

This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon our current assumptions, expectations, and beliefs concerning future developments and their potential effect on our business. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “approximately,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although the absence of these words does not necessarily mean that a statement is not forward-looking. This information may involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by any forward-looking statements.

 

Factors that may cause or contribute actual results to differ from these forward-looking statements include, but are not limited to, for example:

 

  · adverse economic conditions;

 

  · the Company’s ability to raise capital to fund a portion of its operations

 

  · industry competition

 

  · the inability to attract and retain qualified senior management; and

 

  · other risks and uncertainties related to the restaurant industry and our business strategy.

 

All forward-looking statements speak only as of the date of this Report. We undertake no obligation to update any forward-looking statements or other information contained herein. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved.

 

These forward-looking statements represent our intentions, plans, expectations, assumptions, and beliefs about future events and are subject to risks, uncertainties and other factors. Many of those factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. Considering these risks, uncertainties, and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the Quarterly Report on Form 10-Q. All subsequent written and oral forward-looking statements concerning other matters addressed in this Quarterly Report on Form 10-Q and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this Quarterly Report on Form 10-Q.

 

Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

 

 

 

 3 

 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1.FINANCIAL STATEMENTS

 

Our unaudited consolidated financial statements included in this Form 10-Q are as follows:
 
F-1 Unaudited Consolidated Balance Sheets as of June 30, 2019, and December 31, 2018
   
F-2 Interim Unaudited Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2019 and 2018
   
F-3 Unaudited Consolidated Statements of Stockholders’ Equity (Deficit) as of June 30, 2019, and 2018
   
F-4 Interim Unaudited Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2019 and 2018
   
F-5 Notes to Interim Unaudited Consolidated Financial Statements

 

 

 

 

 

 

 

 

 

 

 4 

 

 

Kisses From Italy Inc.

Unaudited Consolidated Balance Sheets

 

   June 30,   December 31, 
   2019   2018 
         
ASSETS          
Current assets:          
Cash and cash equivalents  $10,422   $22,877 
Total current assets   10,422    22,877 
           
Property and equipment, net   73,389    90,348 
Other Assets   1,092    1,093 
Total assets  $84,903   $114,318 
           
LIABILITIES AND STOCKHOLDERS' EQUITY          
Current liabilities:          
Accounts payable  $79,501   $50,374 
Accrued liabilities   161,989    158,089 
Loans payable   9,301    5,643 
Total current liabilities   250,791    214,106 
           
Convertible Notes   441,450    277,650 
Total liabilities   692,241    491,756 
           
Commitments and contingencies   –    – 
           
Stockholders' Equity:          
Preferred stock, $0.001 par value. 25,000,000 shares authorized; zero shares issued and outstanding   –    – 
Common stock, $0.001 par value, 200,000,000 shares authorized; 81,780,170 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively   81,780    81,780 
Additional paid-in capital   1,692,799    1,638,253 
Retained earnings deficit   (2,399,503)   (2,124,631)
Total Kisses From Italy Stockholders' Equity   (624,924)   (404,598)
Non-controlling interest   17,586    27,160 
Total stockholders' equity   (607,338)   (377,438)
Total liabilities and equity  $84,903   $114,318 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 

 

 F-1 

 

 

Kisses From Italy Inc.

Unaudited Consolidated Statements of Operations

 

   Three months   Three months   Six months   Six months 
   ended   ended   ended   ended 
   June 30,   June 30,   June 30,   June 30, 
   2019   2018   2019   2018 
                 
Sales  $162,429   $131,707   $278,001   $237,111 
Cost of goods sold   78,790    56,954    126,934    103,333 
Gross margin   83,639    74,753    151,067    133,778 
                     
Operating expenses:                    
Depreciation and amortization   10,730    9,938    21,258    19,876 
Executive compensation   –    –    –    16,953 
Payroll and other expenses   68,420    57,560    138,806    81,068 
Rent   33,418    22,800    64,874    43,583 
Consulting and professional fees   10,241    22,997    31,613    41,667 
General and administrative   77,112    33,184    105,277    58,693 
Total operating expenses   199,921    146,479    361,828    261,840 
Income (loss) from operations   (116,282)   (71,727)   (210,761)   (128,063)
                     
Other income (expense)                    
Interest income (expense), net   (26,004)   (50,657)   (73,686)   (57,497)
Total other income (expense)   (26,004)   (50,657)   (73,686)   (57,497)
Income (loss) before income taxes   (142,286)   (122,384)   (284,446)   (185,560)
Provision for income taxes (benefit)   –    –    –    – 
Net loss   (142,286)   (122,384)   (284,446)   (185,560)
Less: net gain (loss) attributable to non-controlling interests   (3,377)   (8,481)   (9,574)   (9,509)
Net loss attributable to Kisses From Italy, Inc.  $(138,909)  $(113,903)  $(274,872)  $(176,051)
                     
Basic and diluted earnings (loss) per common share  $(0.00)  $(0.00)  $(0.00)  $(0.00)
                     
Weighted-average number of common shares outstanding:                    
Basic and diluted   81,780,170    81,780,170    81,780,170    81,780,170 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 

 

 F-2 

 

 

Kisses from Italy

Unaudited Consolidated Statements of Changes in Stockholders’ Equity

 

  Preferred Stock  Common Stock  Additional Paid-in  Non-controlling  Retained  Total Stockholders’ 
  Shares  Value  Shares  Value  Capital  Interest  Earnings  Equity 
                         
Balance, January 1, 2018  –  $–   81,780,170  $81,780  $1,545,796  $52,734  $(1,679,183) $1,127 
                                 
Net income (loss)  –    –    –    –    –    (1,029) $(63,176) $(64,205)
                                 
Balance, March 31. 2018  –  $–   81,780,170  $81,780  $1,545,796  $51,705  $(1,742,359) $(63,078)
                                 
Net income (loss)  –    –    –    –    –    (8,480) $(112,875)  (121,355)
                                 
Beneficial conversion feature of convertible notes  –    –    –    –    49,452   –    –    49,452 
                                 
Balance, June 30, 2018  –  $–   81,780,170  $81,780  $1,595,248  $43,225  $(1,855,234) $(134,981)
                                 
                                 
Balance January 1, 2019  –  $–   81,780,170  $81,780  $1,638,253  $27,160  $(2,124,631) $(377,438)
                                 
Beneficial conversion feature of convertible notes  –    –    –    –    33,633   –    –    33,633 
                               – 
Net loss  –    –    –    –    –    (6,197)  (135,962)  (142,159)
Balance March 31, 2019  –  $–   81,780,170  $81,780  $1,671,886  $20,963  $(2,260,593) $(485,964)
                                 
Beneficial conversion feature of convertible notes  –    –    –    –    20,913   –    –    20,913 
                                 
Net income (loss)  –    –    –    –    –    (3,377)  (138,909)  (142,286)
                                 
Balance June 30, 2019  –  $–   81,780,170  $81,780  $1,692,799  $17,586  $(2,399,503) $(607,338)

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 

 

 F-3 

 

 

Kisses From Italy Inc.

Unaudited Consolidated Statements of Cash Flows

 

   June 30,   June 30, 
   2019   2018 
         
Cash flows from operating activities of continuing operations:          
Net income (loss)  $(274,872)  $(176,051)
Net income loss attributable to non-controlling interest   (9,574)   (9,509)
Adjustments to reconcile net loss to cash used in operating activities:          
Depreciation and amortization   21,258    19,876 
Amortization of debt discount   54,545    49,500 
Changes in operating assets and liabilities:          
Other assets   –     –  
Accounts payable   29,130    –  
Accrued liabilities   3,899    18,449 
Net cash provided by (used in) operating activities   (175,614)   (97,735)
           
Cash flows from investing activities:          
Purchase of fixed assets   (4,299)   – 
Net cash provided by (used in) financing activities   (4,299)   – 
           
Cash flows from financing activities:          
Proceeds/payments from short term borrowings - net   –    – 
Loans payable, net   3,658    (37,013)
Proceeds from the sale of convertible notes   163,800    148,649 
Proceeds from private placements   –     –  
Net cash provided by (used in) financing activities   167,458    111,636 
           
Net increase (decrease) in cash and cash equivalents   (12,455)   13,901 
Cash and cash equivalents at beginning of period   22,877    51,955 
Cash and cash equivalents at end of period  $10,422   $65,856 
           
Supplemental disclosure of cash flow information:          
Cash paid for interest   –     –  
Cash paid for income taxes   –     –  

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 

 

 F-4 

 

 

Kisses From Italy, Inc.

Notes to Consolidated Unaudited Financial Statements

For the Three and Six Months Ended June 30, 2019, and 2018

 

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

  

Kisses From Italy Inc. (the “Company”) was incorporated in Florida on March 7, 2013. The Company’s main focus is to develop a fast, casual food dining chain restaurant business of corporate-owned restaurants and expanding through a nationwide/international franchise and territory sales program. The Company commenced operations in May 2015 by opening its first location in Ft. Lauderdale, Florida. Three additional restaurants, which were located in various Wyndham Hotel properties in the Pompano Beach, Florida area, were then opened within the following ten months. All locations, which were in leased facilities, were fully operational by April 2016. In December 2017, the Company vacated one of its restaurants due to hurricane damage and permanently closed that located in 2018.

 

On May 30, 2019, the Company announced that it was working on opening its inaugural corporate-owned Italian location. The new location is expected to enable the Company to build its European franchise program and distribution network, as well as creating efficiencies in its planned product distributions that can be scaled across the various business units.

 

The new restaurant, located at Strada Provinciale 70 #100, Via Vittorio Veneto 100 Ceglie del Campo, Bari, Italia, is also expected to become the Company’s training facility for future franchises in Europe. The Company expects to have the location fully operational during the fourth quarter of 2019. Expenses associated with opening the new location included the Company’s financial statements for the six month period ended June 30, 2019, were not material.

 

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  

Management’s Representation of Interim Financial Statements

 

The accompanying unaudited consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements at December 31, 2018, and 2017 filed with the SEC on April 16, 2019.

 

Basis of Presentation and Principles of Consolidation

 

The consolidated financial statements of the Company have been prepared in accordance with GAAP. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses or recognized when incurred. The consolidated financials include the accounts of the Company and its wholly-owned subsidiaries; Kisses from Italy 9th LLC, Kisses from Italy-Franchising LLC; and its 70% owned subsidiary, Kisses-Palm Sea Royal LLC.

 

All intercompany accounts and transactions are eliminated in consolidation.

 

Going Concern

 

The accompanying unaudited consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. On a consolidated basis, the Company has incurred significant operating losses since inception.

 

Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of Common Stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its consolidated operations become profitable. Also, the Company has, in the past, paid for consulting services with its Common Stock to maximize working capital, and intends to continue this practice where feasible.

  

 

 

 F-5 

 

 

Use of Estimates

 

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, impairment of long-lived assets, valuation of financial instruments, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.

 

Revenue Recognition

 

Sales, as presented in the Company’s consolidated statement of earnings, represents food and beverage product sold and is presented net of discounts, coupons, employee meals, and complimentary meals. Revenue from restaurant sales is recognized when food and beverage products are sold.

 

On January 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). For the six months ended June 30, 2019, and the year ended December 31, 2018, respectively, the consolidated financial statements were not materially impacted as a result of the application of Topic 606.

 

Non-controlling interest

 

Non-controlling interest represents third-party ownership in the net assets of one of our consolidated subsidiaries. For financial reporting purposes, the assets and liabilities of our majority-owned subsidiary consolidated with those of the Company’s wholly-owned subsidiaries, with any third-party investor’s interest shown as non-controlling interest.

 

Cash and Cash Equivalents

 

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At June 30, 2019 and December 31, 2018, the Company’s cash equivalents totaled $10,422 and $22,877, respectively.

 

Property and equipment

 

Property and equipment are stated at cost or fair value. During 2018 the Company permanently closed one of its locations and removed all property and detachable leaseholds. The Company believes that this equipment and leaseholds which are in excellent condition can be used at existing and new locations and that the undepreciated book value is equivalent to its fair market value, thus no impairment was recorded. Depreciation is computed by the straight-line method and is charged to operations over the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred. The carrying amount and accumulated depreciation of assets sold or retired are removed from the accounts in the year of disposal and any resulting gain or loss is included in results of operations. The estimated useful lives of property and equipment are as follows:

 

Computers, software, and office equipment  1 – 6 years
Machinery and equipment  3 – 5 years
Leasehold improvements  Lesser of the lease term or estimated useful life

  

 

 

 F-6 

 

 

Income taxes

 

The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.

 

The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions on a quarterly basis to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit.

 

Stock-based Compensation

 

The Company accounts for stock-based compensation using the fair value method following the guidance set forth in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.

 

Leases

 

The Company follows the guidance in ASC 840 “Leases,” which requires us to evaluate the lease agreements the Company enters into to determine whether they represent operating or capital leases at the inception of the lease.

 

Net Loss per Share

 

Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, "Earnings per Share." Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.

 

Recent Accounting Pronouncements

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which establishes a new lease accounting model for lessees. The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. In March 2019, the FASB issued ASU 2019-01, Codification Improvements, which clarifies certain aspects of the new lease standard. The FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases in July 2018. Also in 2018, the FASB issued ASU 2018-11, Leases (Topic 842) Targeted Improvements, which provides an optional transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendments have the same effective date and transition requirements as the new lease standard.

 

As an emerging growth company, we have until December 15, 2019, to adopt ASC 842. While we continue to evaluate the impact of the new standard, we expect the adoption of this guidance will have not have any impact on our financial statements.

 

 

 

 F-7 

 

 

NOTE 3 – GOING CONCERN AND LIQUIDITY

 

As of June 30, 2019, and December 31, 2018, the Company had $10,422 and $22,877 in cash on hand respectively and for the six month periods ended June 30, 2019, and 2018, the Company recorded revenues of $278,001 and $237,111, respectively. Additionally, as of June 30, 2019, the Company had a working capital deficit of $240,368; and negative stockholders equity of $(607,338).

 

In the Company’s financial statements for the fiscal years ended December 31, 2018, and 2017, the Reports of the Independent Registered Public Accounting Firm include an explanatory paragraph that describes substantial doubt about the Company’s ability to continue as a going concern. These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. Based on the Company’s current financial projections, it believes it does not have sufficient existing cash resources to fund its current operations.

 

It is the Company’s current intention to raise debt and/or equity financing to fund ongoing operating expenses. There is no assurance that these events will be satisfactorily completed or at terms acceptable to the Company. Any issuance of equity securities, if accomplished, could cause substantial dilution to existing stockholders. Any failure by the Company to successfully implement these plans would have a material adverse effect on its business, including the possible inability to continue operations.

 

NOTE 4 – PROPERTY AND EQUIPMENT

 

The following table sets forth the components of the Company’s property and equipment at June 30, 2019, and December 31, 2018:

 

   June 30, 2019   December 31, 2018 
   Cost   Accumulated Depreciation   Net Book
Value		   Cost   Accumulated Depreciation   Net Book
Value		 
Capital assets subject to depreciation:                              
Furniture and equipment  $56,966    (39,978)   16,988   $52,868    (35,200)   17,668 
Leasehold improvements   175,916    (119,515)   56,401    175,716    (103,036)   72,680 
Total fixed assets  $232,882    (159,493)   73,389   $228,584    (138,236)   90,348 

 

For the six month periods ended June 30, 2019, and 2018, respectively the Company recorded depreciation and amortization of $21,258 and $19,876 respectively.

 

NOTE 5 – ACCRUED AND OTHER LIABILITIES

 

The following table sets forth the components of the Company’s accrued liabilities at June 30, 2019, and December 31, 2018.

 

   June 30,
2019		   December 31,
2018		 
Sales tax payable  $20,533   $12,605 
Accrued interest payable   28,430    21,728 
Accrued rent   –    12,114 
Payroll tax liabilities   113,026    109,642 
Accrued other   –    2,000 
Total accrued liabilities  $161,989   $158,089 

 

The Company is in arrears on its payroll tax payments as of June 30, 2019. Included in the “payroll tax liabilities” as of June 30, 2019, is approximately $29,774 in interest and penalties.

 

 

 

 F-8 

 

 

NOTE 6 – LOANS PAYABLE

 

The Company has one asset-based line of credit of $9,301. The amount of credit available to be accessed is dependent on the amount of documented credit receipts received by the Company’s restaurants. The due dates on these credit advances are typically between 90 and 180 days. The interest rate on the facility is approximately 32%, plus additional processing fees of approximately 5%.

 

As of June 30, 2019, and December 31, 2018, loan payable balances were $9,301 and $4,066 respectively. The amount of loans outstanding was significantly reduced due to proceeds from less expensive (in terms of the interest rate) convertible debt that was applied against loan balances.

 

NOTE 7 – CONVERTIBLE NOTES

 

As of June 30, 2019, and December 31, 2018, the balance of convertible notes was $441,450 and $277,650, respectively.

 

In April 2018, the Company commenced a private offering of up to $500,000 in convertible debenture (the “Debentures”), to non-residents of the US. These notes accrue interest at the rate of 8% per annum and are convertible into shares of the Company’s Common Stock and are only convertible until such time as the Company’s Common Stock is approved for trading, of which there is no assurance, at a conversion rate of $0.0667 per share. Interest is payable annually, on or before February 15 of each year. The Debentures mature three years after the issuance date. As of the date hereof, an aggregate of $441,450 in Debentures have been issued. None have been converted.

 

Since the Company’s shares were previously sold in a private placement at a price of $0.10 per share, the difference in price is considered a beneficial conversion feature. Since the holders of the Notes have the right to convert immediately, the beneficial conversion feature of $147,003 has been immediately expensed and recorded as interest expense.

 

NOTE 8 – STOCKHOLDERS EQUITY

 

Capital Stock

 

At June 30, 2019, and December 31, 2018, there were 81,780,170 shares of Common Stock issued and outstanding, with a $0.001 par value.

 

25,000,000 shares of Preferred Stock, with a par value $0.01 per share, are authorized, none of which has been issued or was outstanding as of June 30, 2019, and December 31, 2018, respectively.

 

In May 2018, the Company’s Board of Directors and Shareholders approved an amendment to the Company’s Articles of Incorporation, increasing the number of authorized Common Shares to 200,000,000, par value $0.01 per share.

 

Common Stock Issued in Private Placements

  

During the six months ended June 30, 2019 and 2018, respectively the Company did not accept any subscription agreements to purchase its Common Stock.

 

Common Stock Issued in Exchange for Services

 

During the six months ended June 30, 2019, and 2018, respectively the Company did not issue any shares of its Common Stock for services.

 

 

 

 F-9 

 

 

NOTE 9 – COMMITMENTS AND CONTINGENCIES

 

As of June 30, 2019, and December 31, 2018, the Company had three operating store locations. The Company leases these spaces based upon the following schedules:

 

  · Kisses From Italy 9th LLC based in Fort Lauderdale, Fl. leases approximately 990 square feet of space at a cost of $2,650 per month through the period ended July 31, 2018. Beginning on August 1, 2018, the rent increased to $5,773 per month for eight months and then it will be reduced to $3,274 per month. The increased rent amount of $5,773 includes an additional payment of $2,500 per month for these 8 months, arising out of a $20,000 dispute settlement related to a rent dispute. For financial statement purposes, this amount for the months of September and August 2018 ($5,000) was recorded as “rent expense” on the Company’s financial statements for the year ended December 31, 2018. The lease ends on December 9, 2020.

 

  · Kisses From Italy-Palm Aire based in Pompano Beach, Florida leases approximately 2,300 square feet of space at a cost of $3,600 per month. The Company has a one-year automatic renewal provision for this lease on May 1st of each year under the same terms.

 

  · Kisses From Italy -Sea Gardens based in Pompano Beach, Florida leases approximately 600 square feet of space at a cost of $546 per month. The lease ended on August 1, 2018, and was renewed on the same terms. The Company has a one-year automatic renewal provision for this lease but is not obligated to exercise this renewal provision.

 

The Company also rents professional and furnished space on a month to month basis in Miami, Florida at a cost of $223 per month, which has been designated the Company’s principal place of business.

 

NOTE 10 – SUBSEQUENT EVENTS

 

During the period from July 1 through August 15, 2019, the Company received $50,240 in proceeds from the sale of convertible notes to seven accredited investors.

 

 

 

 F-10 

 

 

ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

The following discussion should be read in conjunction with our unaudited consolidated financial statements and notes thereto included herein. In connection with, and because we desire to take advantage of, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we caution readers regarding certain forward-looking statements in the following discussion and elsewhere in this report and in any other statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on our behalf. We disclaim any obligation to update forward-looking statements.

 

Overview and History

 

We are a Florida corporation incorporated on March 7, 2013, focused on developing a fast, casual food dining chain restaurant business. We commenced operations by opening our initial corporately owned location in Fort Lauderdale, Florida, in May 2015. We opened three additional locations by April 2016, all in Southern Florida, through a working relationship with Wyndham Hotels. In September 2017, Hurricane Irma caused significant damage to the area. As a result of the damage from the Hurricane, our hotel locations closed due to the fact that the Wyndham hotel group had to halt operations at the respective hotel properties in order to begin the necessary repairs and renovations following the storm. All but one of our restaurants are located in timeshare developments. The storm impacted travel to Florida during this time and is just now reaching prior levels. While our Fort Lauderdale location was reopened in early November 2017, we were only able to reopen two of the hotel locations in Pompano Beach in late January 2018. We also elected not to reopen our 4th location, as the damages were too excessive. If we are able to raise additional capital, of which there is no assurance, our intention is to own and operate up to 10 of our restaurants and utilize them as a showcase in the marketing of our proposed franchise operations.

 

In May 2017, we completed our National Franchise License and now have the ability to sell franchises in all of the states in the US except for New York, Virginia, and Maryland which we intend to add at later dates if sufficient demand exists. In June 2017, we completed the sales of two franchise locations in Florida. We anticipate commencement of the building and development of these locations by early 2020.

 

On May 30, 2019, we announced that we were working on opening our inaugural corporate-owned Italian location. We are both hopeful and confident this will be the first of many new outlets across the European continent. Italian traditions and culture have always been the source of inspiration behind our culinary concept. It is expected to allow us to establish and build our European franchise program and distribution network, as well as creating efficiencies, in our planned product distributions, that can be scaled across the various business units.

 

The new restaurant, located at Strada Provinciale 70 #100, Via Vittorio Veneto 100 Ceglie del Campo, Bari, Italia, is also expected to become our training facility for future franchises in Europe.  We expect to have the location fully operational during the fourth quarter of 2019.

 

We have never been subject to any bankruptcy proceeding. Our principal offices are located at 80 SW 8th St. Suite 2000, Miami, Florida, 33130, telephone (305) 423-7129 and our website is www.kissesfromitaly.com.

 

Results Of Operations

 

Comparison of Results of Operations for the six months ended June 30, 2019, and 2018

 

Revenue and Cost of Sales

 

During the six month period ended June 30, 2019, our revenues were $278,011 compared to $237,111 for the same six month period ended June 30, 2018, an increase of $40,890, or approximately 17.2%. We are continuing our efforts to recover from the impact that Hurricane Irma had on our business and South Florida in general.

 

 

 

 5 

 

 

Cost of goods sold during the six months ended June 30, 2019, was $126,934 compared to $103,333 during the same period in 2018. Cost of sales as a percentage of sales was 45.7% and 43.6% for the periods ended June 30, 2019, and 2018, respectively. We are not as efficient in terms of cost of sales at lower revenue levels. We expect our cost of sales as a percentage of sales to be reduced as sales levels increase, of which there is no assurance.

 

Operating expenses

 

Operating expense increased during this period, to $361,827 in the six months ended June 30, 2019, compared to $261,840 during the same period in 2018, an increase of $99,987. This increase was primarily as a result of increased payroll. Payroll increased by $57,738 because in 2019 our hotel locations were operating at full capacity in comparison to 2018, when operations were limited by the impact of the Hurricane.. Rent expense also increased by over $21,290 in this period as a result of rent abatements received in the 2018 period. We also commenced efforts to expand our business into Italy during this period. During this period approximately $15,000 in operating expense was attributable to these efforts. Additionally, general and administrative expenses increased by $46,584 in the 2019 period compared to the same period in 2018. This increase is primarily attributable to increased . expense across various categories including approximately $15,000 spent toward the pending expansion of the Company’s European location mentioned throughout this Report.

 

Other expense

 

Other income and expense was $73,685 during the six months ended June 30, 2019, compared to $57,497 during the same period in 2018 due to increased interest expense from increased borrowing, specifically our convertible notes issued subsequent to June 30, 2018, See “Liquidity and Capital Resources” below.

 

Net Loss

 

As a result, during the six months ended June 30, 2019, we incurred a net loss attributable to Kisses from Italy Inc. of ($274,872) or $0.00 per share and a net loss attributable to non-controlling interests of ($9,574); compared to a net losses of ($185,560) or $0.00 per share and a $(9,509) a net loss attributable to non-controlling interests; respectively, for the same six-month period in 2018. The increase in the net loss attributable to Kisses from Italy Inc. of $98,886 for the six month period ended June 30, 2019, compared to the same period in 2018 is primarily attributable to increased operating expenses and interest expense, partially offset by an increase in gross margin due to higher sales.

 

Comparison of Results of Operations for the three months ended June 30, 2019, and 2018

 

Revenue and Cost of Sales

 

During the three-month period ended June 30, 2019, our revenues increased from $131,707 in the 2018 period to $162,429, an increase of $30,722, approximately 23.3%. We are continuing our efforts to recover from the impact that Hurricane Irma had on our business and South Florida in general.

 

Cost of goods sold during the three month period ended June 30, 2019, was $78,790 compared to $56,954 during the same period. Cost of sales as a percentage of sales was 48.5% and 43.2% for the periods ended June 30, 2019, and 2018, respectively. We are not as efficient in terms of cost of sales at lower revenue levels. We expect our cost of sales as a percentage of sales to be reduced as sales levels increase, of which there is no assurance.

 

 

 

 6 

 

 

Operating expenses

 

Operating expense increased during this period, to $191,921 in the three months ended June 30, 2019, compared to $146,79 during the same period in 2018, an increase of $53,422. The increase is attributable to an increase in payroll, rent and G&A expenses offset by a reduction in consulting and professional fees.

 

Other income and expense

 

Other expense was $26,004 during the three months ended June 30, 2019, compared to $50,657 during the same period in 2018. The decrease is attributable to less borrowing on convertible notes issued in the 2019 period compared to 2018. Since these notes have been issued at a discount there is a beneficial conversion period requiring immediate expensing of discount which is charged to interest expense. So at lower levels of borrowing, there is less discount and interest expense. See Note 7. Convertible Notes.

 

Net Loss

 

During the three months ended June 30, 2019, we incurred a net loss attributable to Kisses from Italy Inc. of ($138,909) or $0.00 per share and a net loss attributable to non-controlling interests of ($3,377); compared to net losses of ($113,903) or $0.00 per share and a $(8,481) a net loss attributable to non-controlling interests; respectively, for the same three-month period in 2018.

 

Liquidity and Capital Resources

 

At June 30, 2019, we had $ 10,422 in cash and cash equivalents.

 

Net cash used in operating activities was $175,616 during the six-month period ended June 30, 2019, compared to $97,735 during the six months ended June 30, 2018. This increase in the cash used in the six months ended June 30, 2019, compared to the similar period in 2018 was primarily attributable to our increased operating loss in 2019 over 2018 levels of $ 98,821 offset by an increase in accounts payable of $29,127.

 

Cash flows used in investing activities were $4,299 during the six months ended June 30, 2019, compared to $0 in 2018 due to the purchase of equipment in the 2019 period.

 

Net cash provided by financing activities was $167,458 for the period ended June 30, 2019, compared to 111,636 during the same period in June 30, 2018. The increase is attributable to proceeds from convertible notes we received in 2019 of $15,151 and a reduction in net repayments on loan balances of $40,671. The amount of capital we raise will vary from period to period based on the effectiveness of our fundraising efforts.

 

Our audited consolidated financial statements for the year ended December 31, 2018, were prepared assuming we will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. We have incurred annual losses since inception and expect we may incur additional losses in future periods.

 

We have one asset-based line of credit for $9,301 with one lender. The amount of credit available to be accessed is dependent on the amount of documented credit receipts received by our restaurants. The due dates on these credit advances are typically between 90 and 180 days. The interest rates on these facilities are approximately 31 to 38% respectively, plus additional processing fees of approximately 5%. As of the date of this Report, the balance on the asset-based line was $4,066.

  

 

 

 7 

 

 

In order to continue our business development, including opening additional company-owned restaurants and continuing to develop and enhance the marketing of our franchise concept, we estimate we will need approximately $1 million in additional capital. We believe we can open at least 2 additional locations for approximately $300,000. We intend to use the balance of the funds to either open additional locations or use the balance of the funds on franchise marketing. We believe that by continuing to open company-owned restaurants we can use these locations to market other locations.

 

We can provide no assurance that additional funding will be available on a timely basis, on terms acceptable to us, or at all. While we have had discussions with potential investors and investment bankers, we have no agreement with any third party to provide us this additional financing and there can be no assurances that we will obtain this financing, either debt or equity or both, on favorable terms, or at all. Our inability to receive this financing may have a significant negative impact on our continued development and results of our operations.

 

In April 2018, we commenced a private offering of convertible debentures (the “Debentures”) to non-residents of the US. These Debentures accrue interest at the rate of 8% per annum and are convertible into shares of our Common Stock beginning upon issuance until such time as our Common Stock is approved for trading, of which there is no assurance, at a conversion rate of $0.0667 per share. Interest is payable annually, on or before February 15 of each year. Each Debenture matures 3 years after the issuance date. As of the date hereof, an aggregate of $441,450 in Debentures have been issued. None have been converted. These funds have been used primarily to cover our operating losses. We have arranged for our application to trade our Common Stock to be filed with FINRA on our behalf but there are no assurances the application will be successful.

 

Our management recently began scouting locations throughout the different regions of Italy and have found what they consider to be interesting locations with great potential in the regions of Rome and further south in the region of Puglia. We have deemed these locations as opportunities for additional corporate-owned and franchise program expansion. However, there are no agreements in place as of the date of this Report to open any new facilities, either Company-owned or franchises and no assurances can be provided that we will expand our operations accordingly.

 

Inflation

 

Although our operations are influenced by general economic conditions, we do not believe that inflation had a material effect on our results of operations during the six-month period ended June 30, 2019.

 

Critical Accounting Estimates

 

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The following represents a summary of our critical accounting policies, defined as those policies that we believe are the most important to the portrayal of our financial condition and results of operations and that require management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effects of matters that are inherently uncertain.

 

Off Balance Sheet Arrangements

 

None

 

 

 

 8 

 

 

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

We are a smaller reporting company and are not required to provide the information under this item pursuant to Regulation S-K.

 

ITEM 4.CONTROLS AND PROCEDURES.

 

Disclosure Controls and Procedures – Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as of the end of the period covered by this Report.

 

These controls are designed to ensure that information required to be disclosed in the reports we file or submit pursuant to the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission, and that such information is accumulated and communicated to our management, including our CEO and CFO to allow timely decisions regarding required disclosure.

 

Based on this evaluation, our CEO and CFO have concluded that our disclosure controls and procedures were effective as of June 30, 2019, at a reasonable assurance level.

 

We believe that our financial statements presented in this quarterly report on Form 10-Q fairly presents, in all material respects, our financial position, results of operations, and cash flows for all periods presented herein.

 

Inherent Limitations – Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures will prevent all error and all fraud. A control system, no matter how well-conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdown can occur because of simple error or mistake. In particular, many of our current processes rely upon manual reviews and processes to ensure that neither human error nor system weakness has resulted in erroneous reporting of financial data.

 

Changes in Internal Control over Financial Reporting – There were no changes in our internal control over financial reporting during the six month period ended June 30, 2019, which were identified in conjunction with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

 

 

 

 

 9 

 

 

PART II. OTHER INFORMATION

 

ITEM 1.LEGAL PROCEEDINGS

 

We are not involved in any material legal proceedings, nor are we aware of any legal proceedings threatened or in which any director or officer or any of their affiliates is a party adverse to our Company or has a material interest adverse to us.

 

ITEM 1A.RISK FACTORS

 

We are a smaller reporting company and are not required to provide the information under this item pursuant to Regulation S-K.

 

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

During the six months ended June 30, 2019, we did not issue any of our equity securities.

 

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4.MINE SAFETY DISCLOSURE

 

Not Applicable.

 

ITEM 5.OTHER INFORMATION

 

None.

 

ITEM 6.EXHIBITS

 

Exhibit No.   Description
     
31.1   Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
     
31.2   Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
     
32   Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

101.INS   XBRL Instance Document*
101.SCH   XBRL Schema Document*
101.CAL   XBRL Calculation Linkbase Document*
101.DEF   XBRL Definition Linkbase Document*
101.LAB   XBRL Label Linkbase Document*
101.PRE   XBRL Presentation Linkbase Document*
     

______________________

* Pursuant to Rule 406T of Regulation S-T, these interactive data files are not deemed filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act or Section 18 of the Securities Exchange Act and otherwise not subject to liability.

 

 

 10 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 12 of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized on August 19, 2019.

 

  KISSES FROM ITALY, INC.  
       
  By: /s/ Michele Di Turi                                   
    Michele Di Turi,  
    Principal Executive Officer  
       
       
  By: /s/ Claudio Ferri                                        
   

Claudio Ferri

Principal Financial Officer and

  
    Principal Accounting Officer  

 

 

 

 

 11 

 

 EX-31.1 2 kisses_ex3101.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Exhibit 31.1

 

CERTIFICATION PURSUANT TO

18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES OXLEY ACT OF 2002

 

I, Michael Di Turi, certify that:

 

  1. I have reviewed this quarterly report on Form 10-Q of Kisses From Italy, Inc.;

 

  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order 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 report;

 

  3. Based on my knowledge, the financial statements, and other financial information included in this 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 report;

 

  4. The registrant’s other certifying officer(s) 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 controls 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 procedure 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 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 report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based upon such evaluation; and

 

  d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) 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 the 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.

 

Dated: August 19, 2019

/s/ Michael Di Turi                                     

Michael Di Turi, Chief Executive Officer

 EX-31.2 3 kisses_ex3102.htm CERTIFICATION OF CHIEF FINANCIAL OFFICER

Exhibit 31.2

 

CERTIFICATION PURSUANT TO

18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES OXLEY ACT OF 2002

 

I, Claudio Ferri, certify that:

 

  1. I have reviewed this quarterly report on Form 10-Q of Kisses From Italy, Inc.;

 

  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order 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 report;

 

  3. Based on my knowledge, the financial statements, and other financial information included in this 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 report;

 

  4. The registrant’s other certifying officer(s) 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 controls 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 procedure 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 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 report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based upon such evaluation; and

 

  d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) 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 the 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.

 

Dated: August 19, 2019

/s/ Claudio Ferri                                   

Claudio Ferri, Chief Financial Officer

 EX-32 4 kisses_ex3200.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

Exhibit 32

 

CERTIFICATION PURSUANT TO

18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with this quarterly report of Kisses From Italy, Inc. (the “Company”) on Form 10-Q for the six month period ended June 30, 2019, as filed with the Securities and Exchange Commission on August 19, 2019 (the “Report”), we, the undersigned, in the capacities and on the date indicated below, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of our knowledge:

 

  1. The Report fully complies with the requirements of Rule 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.

 

Dated:  August 19, 2019

/s/ Michael Di Turi                         

Michael Di Turi, Chief Executive Officer

   
Dated:  August 19, 2019

/s/ Claudio Ferri                              

Claudio Ferri, Chief Financial Officer

 EX-101.INS 5 none-20190630.xml XBRL INSTANCE FILE 0001608092 2019-01-01 2019-06-30 0001608092 2019-08-16 0001608092 2019-06-30 0001608092 2018-12-31 0001608092 2018-01-01 2018-06-30 0001608092 2017-12-31 0001608092 2018-06-30 0001608092 none:ComputersSoftwareAndOfficeEquipMember 2019-01-01 2019-06-30 0001608092 us-gaap:MachineryAndEquipmentMember 2019-01-01 2019-06-30 0001608092 us-gaap:LeaseholdImprovementsMember 2019-01-01 2019-06-30 0001608092 us-gaap:FurnitureAndFixturesMember 2019-06-30 0001608092 us-gaap:FurnitureAndFixturesMember 2018-12-31 0001608092 us-gaap:LeaseholdImprovementsMember 2019-06-30 0001608092 us-gaap:LeaseholdImprovementsMember 2018-12-31 0001608092 none:InterestAndPenaltiesMember 2019-06-30 0001608092 none:CreditLine1Member 2019-01-01 2019-06-30 0001608092 none:CreditLine1Member 2019-06-30 0001608092 none:FtLauderdaleMember 2019-01-01 2019-06-30 0001608092 none:FtLauderdaleMember 2019-06-30 0001608092 none:PalmAireMember 2019-01-01 2019-06-30 0001608092 none:PalmAireMember 2019-06-30 0001608092 none:SeaGardensMember 2019-01-01 2019-06-30 0001608092 none:SeaGardensMember 2019-06-30 0001608092 none:MiamiMember 2019-01-01 2019-06-30 0001608092 none:MiamiMember 2019-06-30 0001608092 us-gaap:PreferredStockMember 2017-12-31 0001608092 us-gaap:PreferredStockMember 2018-06-30 0001608092 us-gaap:PreferredStockMember 2018-12-31 0001608092 us-gaap:PreferredStockMember 2019-06-30 0001608092 us-gaap:CommonStockMember 2017-12-31 0001608092 us-gaap:CommonStockMember 2018-06-30 0001608092 us-gaap:CommonStockMember 2018-12-31 0001608092 us-gaap:CommonStockMember 2019-06-30 0001608092 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001608092 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001608092 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001608092 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001608092 us-gaap:NoncontrollingInterestMember 2017-12-31 0001608092 us-gaap:NoncontrollingInterestMember 2018-06-30 0001608092 us-gaap:NoncontrollingInterestMember 2018-12-31 0001608092 us-gaap:NoncontrollingInterestMember 2019-06-30 0001608092 us-gaap:RetainedEarningsMember 2017-12-31 0001608092 us-gaap:RetainedEarningsMember 2018-06-30 0001608092 us-gaap:RetainedEarningsMember 2018-12-31 0001608092 us-gaap:RetainedEarningsMember 2019-06-30 0001608092 2019-04-01 2019-06-30 0001608092 2018-04-01 2018-06-30 0001608092 us-gaap:PreferredStockMember 2019-03-31 0001608092 us-gaap:CommonStockMember 2019-03-31 0001608092 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001608092 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001608092 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001608092 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0001608092 us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0001608092 us-gaap:NoncontrollingInterestMember 2019-03-31 0001608092 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001608092 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001608092 us-gaap:RetainedEarningsMember 2019-03-31 0001608092 2019-01-01 2019-03-31 0001608092 2019-03-31 0001608092 us-gaap:PreferredStockMember 2018-03-31 0001608092 us-gaap:CommonStockMember 2018-03-31 0001608092 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0001608092 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001608092 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-03-31 0001608092 us-gaap:NoncontrollingInterestMember 2018-04-01 2018-06-30 0001608092 us-gaap:NoncontrollingInterestMember 2018-03-31 0001608092 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001608092 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001608092 us-gaap:RetainedEarningsMember 2018-03-31 0001608092 2018-01-01 2018-03-31 0001608092 2018-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure utr:sqft Kisses From Italy, Inc. 0001608092 10-Q 2019-06-30 false --12-31 No true false Non-accelerated Filer true Q2 2019 81780170 73389 90348 16988 17668 56401 72680 441450 277650 .001 0.001 25000000 25000000 0 0 0 0 .001 0.001 200000000 200000000 81780170 81780170 81780170 81780170 1-6 years 3-5 years Lesser of lease term or estimated useful life 232882 228584 56966 52868 175916 175716 159493 138236 39978 35200 119515 103036 20533 12605 28430 21728 113026 109642 29774 9301 .32 9301 4066 500000 0.08 P3Y 147003 990 2300 600 monthly monthly monthly monthly 5773 3600 546 223 10422 22877 1092 1093 84903 114318 79501 50374 161989 158089 9301 5643 250791 214106 692241 491756 0 0 81780 81780 1692799 1638253 -2399503 -2124631 -624924 -404598 17586 27160 84903 114318 0 12114 0 2000 .000667 10422 22877 000-52898 FL Yes 10422 22877 51955 65856 -607338 -377438 1127 -134981 0 0 0 0 81780 81780 81780 81780 1545796 1595248 1638253 1692799 52734 43225 27160 17586 -1679183 -1855234 -2124631 -2399503 0 81780 1671886 20963 -2260593 -485964 0 81780 1545796 51705 -1742359 -63078 278001 237111 162429 131707 126934 103333 78790 56954 151067 133778 83639 74753 21258 19876 10730 9938 0 16953 0 0 138806 81068 68420 57560 64874 43583 33418 22800 31613 41667 10241 22997 105277 58693 77112 33184 361828 261840 199921 146479 -210761 -128063 -116282 -71727 -73686 -57497 -26004 -50657 -73686 -57497 -26004 -50657 -284446 -185560 -142286 -122384 0 0 0 0 -284446 -185560 -142286 -122384 -9574 -9509 -3377 -8481 -274872 -176051 -138909 -113903 -0.00 -0.00 -0.00 -0.00 81780170 81780170 81780170 81780170 0 0 0 0 81780170 81780170 81780170 81780170 0 81780170 0 81780170 -142286 -121355 -6197 -3377 -135962 -138909 -142159 -1029 -8480 -63176 -112875 -64205 20913 49452 33633 20913 33633 49452 54545 49500 29130 0 3899 18449 -175614 -97735 4299 0 -4299 0 3658 -37013 163800 148649 167458 111636 -12455 13901 0 0 0 0 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 2 &#8211; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Management&#8217;s Representation of Interim Financial Statements</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements at December 31, 2018, and 2017 filed with the SEC on April 16, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Basis of Presentation and Principles of Consolidation</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The consolidated financial statements of the Company have been prepared in accordance with GAAP. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses or recognized when incurred. The consolidated financials include the accounts of the Company and its wholly-owned subsidiaries; Kisses from Italy 9<sup>th</sup> LLC, Kisses from Italy-Franchising LLC; and its 70% owned subsidiary, Kisses-Palm Sea Royal LLC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All intercompany accounts and transactions are eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Going Concern</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. On a consolidated basis, the Company has incurred significant operating losses since inception.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company&#8217;s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of Common Stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its consolidated operations become profitable. Also, the Company has, in the past, paid for consulting services with its Common Stock to maximize working capital, and intends to continue this practice where feasible.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Use of Estimates</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, impairment of long-lived assets, valuation of financial instruments, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Revenue Recognition</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sales, as presented in the Company&#8217;s consolidated statement of earnings, represents food and beverage product sold and is presented net of discounts, coupons, employee meals, and complimentary meals. Revenue from restaurant sales is recognized when food and beverage products are sold.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="background-color: white"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="background-color: white">On January 1, 2018, the Company adopted Accounting Standards Codification (&#8220;ASC&#8221;) Topic 606, Revenue from Contracts with Customers (&#8220;ASC 606&#8221;).&#160;For the six months ended June 30, 2019, and the year ended December 31, 2018, respectively, the consolidated financial statements were not materially impacted as a result of the application of Topic 606. </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Non-controlling interest</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Non-controlling interest represents third-party ownership in the net assets of one of our consolidated subsidiaries. For financial reporting purposes, the assets and liabilities of our majority-owned subsidiary consolidated with those of <font style="background-color: white">the Company&#8217;s</font> wholly-owned subsidiaries, with any third-party investor&#8217;s interest shown as non-controlling interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Cash and Cash Equivalents</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At June 30, 2019 and December 31, 2018, the Company&#8217;s cash equivalents totaled $10,422 and $22,877, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Property and equipment</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Property and equipment are stated at cost or fair value. During 2018 the Company permanently closed one of its locations and removed all property and detachable leaseholds. The Company believes that this equipment and leaseholds which are in excellent condition can be used at existing and new locations and that the undepreciated book value is equivalent to its fair market value, thus no impairment was recorded. Depreciation is computed by the straight-line method and is charged to operations over the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred. The carrying amount and accumulated depreciation of assets sold or retired are removed from the accounts in the year of disposal and any resulting gain or loss is included in results of operations. The estimated useful lives of property and equipment are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 49%; text-align: justify">Computers, software, and office equipment</td><td style="width: 2%">&#160;</td> <td style="width: 49%; text-align: justify">1 &#8211; 6 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Machinery and equipment</td><td>&#160;</td> <td style="text-align: justify">3 &#8211; 5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify">Leasehold improvements</td><td>&#160;</td> <td style="text-align: justify">Lesser of the lease term or estimated useful life</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Income taxes</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for income taxes under FASB ASC 740,&#160;<i>&#8220;Accounting for Income Taxes&#8221;</i>. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05,&#160;<i>&#8220;Accounting for Uncertainty in Income Taxes&#8221;</i>&#160;prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions on a quarterly basis to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position&#8217;s sustainability under audit.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Stock-based Compensation</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for stock-based compensation using the fair value method following the guidance set forth in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Leases</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company follows the guidance in ASC 840 &#8220;<i>Leases</i>,&#8221; which requires us to evaluate the lease agreements the Company enters into to determine whether they represent operating or capital leases at the inception of the lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Net Loss per Share</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, &#34;Earnings per Share.&#34; Basic earnings per common share (&#8220;EPS&#8221;) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Recent Accounting Pronouncements</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In February 2016, the FASB issued ASU No. 2016-02,&#160;<i>Leases (Topic 842)</i>, which establishes a new lease accounting model for lessees. The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. In March 2019, the FASB issued ASU 2019-01,&#160;<i>Codification Improvements</i>, which clarifies certain aspects of the new lease standard. The FASB issued ASU 2018-10, <i>Codification Improvements to Topic 842, Leases&#160;</i>in July 2018. Also in 2018, the FASB issued ASU 2018-11, Leases&#160;<i>(Topic 842) Targeted Improvements, </i>which provides an optional transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendments have the same effective date and transition requirements as the new lease standard.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As an emerging growth company, we have until December 15, 2019, to adopt ASC 842. While we continue to evaluate the impact of the new standard, we expect the adoption of this guidance will have not have any impact on our financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Management&#8217;s Representation of Interim Financial Statements</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements at December 31, 2018, and 2017 filed with the SEC on April 16, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Basis of Presentation and Principles of Consolidation</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The consolidated financial statements of the Company have been prepared in accordance with GAAP. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses or recognized when incurred. The consolidated financials include the accounts of the Company and its wholly-owned subsidiaries; Kisses from Italy 9<sup>th</sup> LLC, Kisses from Italy-Franchising LLC; and its 70% owned subsidiary, Kisses-Palm Sea Royal LLC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All intercompany accounts and transactions are eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Use of Estimates</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, impairment of long-lived assets, valuation of financial instruments, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Revenue Recognition</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sales, as presented in the Company&#8217;s consolidated statement of earnings, represents food and beverage product sold and is presented net of discounts, coupons, employee meals, and complimentary meals. Revenue from restaurant sales is recognized when food and beverage products are sold.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="background-color: white"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="background-color: white">On January 1, 2018, the Company adopted Accounting Standards Codification (&#8220;ASC&#8221;) Topic 606, Revenue from Contracts with Customers (&#8220;ASC 606&#8221;).&#160;For the six months ended June 30, 2019, and the year ended December 31, 2018, respectively, the consolidated financial statements were not materially impacted as a result of the application of Topic 606. </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Non-controlling interest</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Non-controlling interest represents third-party ownership in the net assets of one of our consolidated subsidiaries. For financial reporting purposes, the assets and liabilities of our majority-owned subsidiary consolidated with those of <font style="background-color: white">the Company&#8217;s</font> wholly-owned subsidiaries, with any third-party investor&#8217;s interest shown as non-controlling interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Cash and Cash Equivalents</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At June 30, 2019 and December 31, 2018, the Company&#8217;s cash equivalents totaled $10,422 and $22,877, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Property and equipment</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Property and equipment are stated at cost or fair value. During 2018 the Company permanently closed one of its locations and removed all property and detachable leaseholds. The Company believes that this equipment and leaseholds which are in excellent condition can be used at existing and new locations and that the undepreciated book value is equivalent to its fair market value, thus no impairment was recorded. Depreciation is computed by the straight-line method and is charged to operations over the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred. The carrying amount and accumulated depreciation of assets sold or retired are removed from the accounts in the year of disposal and any resulting gain or loss is included in results of operations. The estimated useful lives of property and equipment are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 49%; text-align: justify">Computers, software, and office equipment</td><td style="width: 2%">&#160;</td> <td style="width: 49%; text-align: justify">1 &#8211; 6 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Machinery and equipment</td><td>&#160;</td> <td style="text-align: justify">3 &#8211; 5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify">Leasehold improvements</td><td>&#160;</td> <td style="text-align: justify">Lesser of the lease term or estimated useful life</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;&#160;</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 49%; text-align: justify">Computers, software, and office equipment</td><td style="width: 2%">&#160;</td> <td style="width: 49%; text-align: justify">1 &#8211; 6 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Machinery and equipment</td><td>&#160;</td> <td style="text-align: justify">3 &#8211; 5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify">Leasehold improvements</td><td>&#160;</td> <td style="text-align: justify">Lesser of the lease term or estimated useful life</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Income taxes</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for income taxes under FASB ASC 740,&#160;<i>&#8220;Accounting for Income Taxes&#8221;</i>. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05,&#160;<i>&#8220;Accounting for Uncertainty in Income Taxes&#8221;</i>&#160;prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions on a quarterly basis to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position&#8217;s sustainability under audit.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Stock-based Compensation</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for stock-based compensation using the fair value method following the guidance set forth in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Leases</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company follows the guidance in ASC 840 &#8220;<i>Leases</i>,&#8221; which requires us to evaluate the lease agreements the Company enters into to determine whether they represent operating or capital leases at the inception of the lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Net Loss per Share</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, &#34;Earnings per Share.&#34; Basic earnings per common share (&#8220;EPS&#8221;) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Recent Accounting Pronouncements</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In February 2016, the FASB issued ASU No. 2016-02,&#160;<i>Leases (Topic 842)</i>, which establishes a new lease accounting model for lessees. The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. In March 2019, the FASB issued ASU 2019-01,&#160;<i>Codification Improvements</i>, which clarifies certain aspects of the new lease standard. The FASB issued ASU 2018-10, <i>Codification Improvements to Topic 842, Leases&#160;</i>in July 2018. Also in 2018, the FASB issued ASU 2018-11, Leases&#160;<i>(Topic 842) Targeted Improvements, </i>which provides an optional transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendments have the same effective date and transition requirements as the new lease standard.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As an emerging growth company, we have until December 15, 2019, to adopt ASC 842. While we continue to evaluate the impact of the new standard, we expect the adoption of this guidance will have not have any impact on our financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Going Concern</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. On a consolidated basis, the Company has incurred significant operating losses since inception.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company&#8217;s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of Common Stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its consolidated operations become profitable. Also, the Company has, in the past, paid for consulting services with its Common Stock to maximize working capital, and intends to continue this practice where feasible.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 3 &#8211; GOING CONCERN AND LIQUIDITY</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019, and December 31, 2018, the Company had $10,422 and $22,877 in cash on hand respectively and for the six month periods ended June 30, 2019, and 2018, the Company recorded revenues of $278,001 and $237,111, respectively. Additionally, as of June 30, 2019, the Company had a working capital deficit of $240,368; and negative stockholders equity of $(607,338).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the Company&#8217;s financial statements for the fiscal years ended December 31, 2018, and 2017, the Reports of the Independent Registered Public Accounting Firm include an explanatory paragraph that describes substantial doubt about the Company&#8217;s ability to continue as a going concern. These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. Based on the Company&#8217;s current financial projections, it believes it does not have sufficient existing cash resources to fund its current operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It is the Company&#8217;s current intention to raise debt and/or equity financing to fund ongoing operating expenses. There is no assurance that these events will be satisfactorily completed or at terms acceptable to the Company. Any issuance of equity securities, if accomplished, could cause substantial dilution to existing stockholders. Any failure by the Company to successfully implement these plans would have a material adverse effect on its business, including the possible inability to continue operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 4 &#8211; PROPERTY AND EQUIPMENT</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth the components of the Company&#8217;s property and equipment at June 30, 2019, and December 31, 2018:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td>&#160;</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td> <td colspan="10" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">June 30, 2019</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td> <td colspan="10" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31, 2018</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Cost</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Accumulated Depreciation</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Net Book <br /> Value</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Cost</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Accumulated Depreciation</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Net Book <br /> Value</td><td style="padding-bottom: 1pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; text-indent: -5pt; padding-left: 5pt">Capital assets subject to depreciation:</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 22%; text-align: left; text-indent: -5pt; padding-left: 5pt">Furniture and equipment</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">56,966</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">(39,978</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">16,988</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">52,868</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">(35,200</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">17,668</td><td style="width: 1%; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -5pt; padding-left: 5pt">Leasehold improvements</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">175,916</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(119,515</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">56,401</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">175,716</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(103,036</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">72,680</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5pt">Total fixed assets</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">232,882</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">(159,493</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">73,389</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">228,584</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">(138,236</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">90,348</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the six month periods ended June 30, 2019, and 2018, respectively the Company recorded depreciation and amortization of $21,258 and $19,876 respectively.</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td>&#160;</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td> <td colspan="10" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">June 30, 2019</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td> <td colspan="10" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31, 2018</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Cost</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Accumulated Depreciation</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Net Book <br /> Value</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Cost</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Accumulated Depreciation</td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Net Book <br /> Value</td><td style="padding-bottom: 1pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; text-indent: -5pt; padding-left: 5pt">Capital assets subject to depreciation:</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 22%; text-align: left; text-indent: -5pt; padding-left: 5pt">Furniture and equipment</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">56,966</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">(39,978</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">16,988</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">52,868</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">(35,200</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">17,668</td><td style="width: 1%; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -5pt; padding-left: 5pt">Leasehold improvements</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">175,916</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(119,515</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">56,401</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">175,716</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(103,036</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">72,680</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5pt">Total fixed assets</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">232,882</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">(159,493</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">73,389</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">228,584</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">(138,236</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">90,348</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 5 &#8211; ACCRUED AND OTHER LIABILITIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth the components of the Company&#8217;s accrued liabilities at June 30, 2019, and December 31, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid"><b>June 30,<br /> 2019</b></td><td style="padding-bottom: 1pt"><b>&#160;</b></td><td style="padding-bottom: 1pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid"><b>December 31, <br /> 2018</b></td><td style="padding-bottom: 1pt"><b>&#160;</b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; text-align: justify">Sales tax payable</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">20,533</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">12,605</td><td style="width: 1%; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Accrued interest payable</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">28,430</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">21,728</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify">Accrued rent</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#8211;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">12,114</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Payroll tax liabilities</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">113,026</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">109,642</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify; padding-bottom: 1pt">Accrued other</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#8211;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">2,000</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt; padding-left: 5pt">Total accrued liabilities</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">161,989</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">158,089</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is in arrears on its payroll tax payments as of June 30, 2019. Included in the &#8220;payroll tax liabilities&#8221; as of June 30, 2019, is approximately $29,774 in interest and penalties. </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid"><b>June 30,<br /> 2019</b></td><td style="padding-bottom: 1pt"><b>&#160;</b></td><td style="padding-bottom: 1pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid"><b>December 31, <br /> 2018</b></td><td style="padding-bottom: 1pt"><b>&#160;</b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; text-align: justify">Sales tax payable</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">20,533</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">12,605</td><td style="width: 1%; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Accrued interest payable</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">28,430</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">21,728</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify">Accrued rent</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#8211;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">12,114</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Payroll tax liabilities</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">113,026</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">109,642</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: justify; padding-bottom: 1pt">Accrued other</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#8211;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">2,000</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt; padding-left: 5pt">Total accrued liabilities</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">161,989</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">158,089</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 6 &#8211; LOANS PAYABLE</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has one asset-based line of credit of $9,301. The amount of credit available to be accessed is dependent on the amount of documented credit receipts received by the Company&#8217;s restaurants. The due dates on these credit advances are typically between 90 and 180 days. The interest rate on the facility is approximately 32%, plus additional processing fees of approximately 5%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019, and December 31, 2018, loan payable balances were $9,301 and $4,066 respectively. The amount of loans outstanding was significantly reduced due to proceeds from less expensive (in terms of the interest rate) convertible debt that was applied against loan balances.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 7 &#8211; CONVERTIBLE NOTES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019, and December 31, 2018, the balance of convertible notes was $441,450 and $277,650, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In April 2018, the Company commenced a private offering of up to $500,000 in convertible debenture (the &#8220;Debentures&#8221;), to non-residents of the US. These notes accrue interest at the rate of 8% per annum and are convertible into shares of the Company&#8217;s Common Stock and are only convertible until such time as the Company&#8217;s Common Stock is approved for trading, of which there is no assurance, at a conversion rate of $0.0667 per share. Interest is payable annually, on or before February 15 of each year. The Debentures mature three years after the issuance date. As of the date hereof, an aggregate of $441,450 in Debentures have been issued. None have been converted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Since the Company&#8217;s shares were previously sold in a private placement at a price of $0.10 per share, the difference in price is considered a beneficial conversion feature. Since the holders of the Notes have the right to convert immediately, the beneficial conversion feature of $147,003 has been immediately expensed and recorded as interest expense.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 8 &#8211; STOCKHOLDERS EQUITY</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><u>Capital Stock</u></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At June 30, 2019, and December 31, 2018, there were 81,780,170 shares of Common Stock issued and outstanding, with a $0.001 par value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">25,000,000 shares of Preferred Stock, with a par value $0.01 per share, are authorized, none of which has been issued or was outstanding as of June 30, 2019, and December 31, 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In May 2018, the Company&#8217;s Board of Directors and Shareholders approved an amendment to the Company&#8217;s Articles of Incorporation, increasing the number of authorized Common Shares to 200,000,000, par value $0.01 per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><u>Common Stock Issued in Private Placements</u></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the six months ended June 30, 2019 and 2018, respectively the Company did not accept any subscription agreements to purchase its Common Stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><u>Common Stock Issued in Exchange for Services</u></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the six months ended June 30, 2019, and 2018, respectively the Company did not issue any shares of its Common Stock for services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 9 &#8211; COMMITMENTS AND CONTINGENCIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019, and December 31, 2018, the Company had three operating store locations. The Company leases these spaces based upon the following schedules:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; text-align: justify"><font style="font-family: Symbol">&#183;</font></td> <td style="text-align: justify">Kisses From Italy 9<sup>th</sup> LLC based in Fort Lauderdale, Fl. leases approximately 990 square feet of space at a cost of $2,650 per month through the period ended July 31, 2018. Beginning on August 1, 2018, the rent increased to $5,773 per month for eight months and then it will be reduced to $3,274 per month. The increased rent amount of $5,773 includes an additional payment of $2,500 per month for these 8 months, arising out of a $20,000 dispute settlement related to a rent dispute. For financial statement purposes, this amount for the months of September and August 2018 ($5,000) was recorded as &#8220;rent expense&#8221; on the Company&#8217;s financial statements for the year ended December 31, 2018. The lease ends on December 9, 2020.</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; text-align: justify"><font style="font-family: Symbol">&#183;</font></td> <td style="text-align: justify">Kisses From Italy-Palm Aire based in Pompano Beach, Florida leases approximately 2,300 square feet of space at a cost of $3,600 per month. The Company has a one-year automatic renewal provision for this lease on May 1st of each year under the same terms.</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; text-align: justify"><font style="font-family: Symbol">&#183;</font></td> <td style="text-align: justify">Kisses From Italy -Sea Gardens based in Pompano Beach, Florida leases approximately 600 square feet of space at a cost of $546 per month. The lease ended on August 1, 2018, and was renewed on the same terms. The Company has a one-year automatic renewal provision for this lease but is not obligated to exercise this renewal provision. </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company also rents professional and furnished space on a month to month basis in Miami, Florida at a cost of $223 per month, which has been designated the Company&#8217;s principal place of business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 10 &#8211; SUBSEQUENT EVENTS </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the period from July 1 through August 15, 2019, the Company received $50,240 in proceeds from the sale of convertible notes to seven accredited investors.</p> -240368 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 1 &#8211; ORGANIZATION AND DESCRIPTION OF BUSINESS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Kisses From Italy Inc. (the &#8220;Company&#8221;) was incorporated in Florida on March 7, 2013. The Company&#8217;s main focus is to develop a fast, casual food dining chain restaurant business of corporate-owned restaurants and expanding through a nationwide/international franchise and territory sales program. The Company commenced operations in May 2015 by opening its first location in Ft. Lauderdale, Florida. Three additional restaurants, which were located in various Wyndham Hotel properties in the Pompano Beach, Florida area, were then opened within the following ten months. All locations, which were in leased facilities, were fully operational by April 2016. In December 2017, the Company vacated one of its restaurants due to hurricane damage and permanently closed that located in 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 30, 2019, the Company announced that it was working on opening its <font style="background-color: white">inaugural corporate-owned Italian location. </font>The new location is expected to enable the Company to build its European franchise program and distribution network, as well as creating efficiencies in its planned product distributions that can be scaled across the various business units.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The new restaurant, located at Strada Provinciale 70 #100, Via Vittorio Veneto 100 Ceglie del Campo, Bari, Italia, is also expected to become the Company&#8217;s training facility for future franchises in Europe. The Company expects to have the location fully operational during the fourth quarter of 2019. Expenses associated with opening the new location included the Company&#8217;s financial statements for the six month period ended June 30, 2019, were not material.</p> EX-101.SCH 6 none-20190630.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statements of Changes in Stockholders Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - 1. Organization and Description of Business link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - 2. Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - 3. Going Concern and Liquidity link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - 4. Property and Equipment link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - 5. Accrued and Other Liabilities link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - 6. Loans Payable link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - 7. Convertible Notes link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - 8. Stockholders Equity link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - 9. Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - 10. Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - 2. Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - 2. Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - 4. Property and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - 5. Accrued and Other Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - 2. Summary of Significant Accounting Policies (Details) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - 2. Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - 3. Going Concern and Liquidity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - 4. Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - 4. Property and Equipment (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - 5. Accrued and Other Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - 5. Accrued and Other Liabilities (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - 6. Loans Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - 7. Convertible Notes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - 9. Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 none-20190630_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 none-20190630_def.xml XBRL DEFINITION FILE EX-101.LAB 9 none-20190630_lab.xml XBRL LABEL FILE Property, Plant and Equipment, Type [Axis] Computers, software and office equipment [Member] Machinery and Equipment [Member] Leasehold Improvements [Member] Furniture and equipment [Member] Balance Sheet Location [Axis] Interest and Penalties [Member] Credit Facility [Axis] Credit Line 1 [Member] Property Subject to or Available for Operating Lease [Axis] Fort Lauderdale, FL [Member] Palm Aire [Member] Sea Gardens [Member] Miami, FL [Member] Equity Components [Axis] Preferred Stock Common Stock Additional Paid-In Capital Noncontrolling Interest Retained Earnings / Accumulated Deficit Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Amendment Description Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Is Entity Emerging Growth Company? Elected Not To Use the Extended Transition Period Entity Filer Category Entity Small Business Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Interactive data current Entity state of incorporation Entity file number Statement of Financial Position [Abstract] ASSETS Current assets: Cash and cash equivalents Total current assets Property and equipment, net Other Assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued liabilities Loans payable Total current liabilities Convertible Notes Total liabilities Commitments and contingencies Stockholders' Equity: Preferred stock, $0.001 par value. 25,000,000 shares authorized; zero shares issued and outstanding Common stock, $0.001 par value, 200,000,000 shares authorized; 81,780,170 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively Additional paid-in capital Retained earnings deficit Total Kisses From Italy Stockholders' Equity Non-controlling interest Total stockholders' equity Total liabilities and equity Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Sales Cost of goods sold Gross margin Operating expenses: Depreciation and amortization Executive compensation Payroll and other expenses Rent Consulting and professional fees General and administrative Total operating expenses Income (loss) from operations Other income (expense) Interest income (expense), net Total other income (expense) Income (loss) before income taxes Provision for income taxes (benefit) Net loss Less: net gain (loss) attributable to non-controlling interests Net loss attributable to Kisses From Italy, Inc. Basic and diluted earnings (loss) per common share Weighted-average number of common shares outsanding: Basic and diluted Statement [Table] Statement [Line Items] Beginning balance, shares Beginning balance, value Beneficial conversion feature of convertible notes Net income (loss) Ending balance, shares Ending balance, value Statement of Cash Flows [Abstract] Cash flows from operating activities of continuing operations: Net income (loss) Net income loss attributable to non-controlling interest Adjustments to reconcile net loss to cash used in operating activities: Amortization of debt discount Changes in operating assets and liabilities: Accounts payable Accrued liabilities Net cash provided by (used in) operating activities Cash flows from investing activities: Purchase of fixed assets Net cash provided by (used in) investing activities Cash flows from financing activities: Proceeds/payments on loans payable Proceeds from the sale of convertible notes Net cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental disclosure of cash flow information: Cash paid for interest Cash paid for income taxes Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Description of Business Accounting Policies [Abstract] Summary of Significant Accounting Policies Going Concern and Liquidity Property, Plant and Equipment [Abstract] Property and Equipment Payables and Accruals [Abstract] Accrued and Other Liabilities Debt Disclosure [Abstract] Loans Payable Convertible Notes Equity [Abstract] Stockholders Equity Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Subsequent Events [Abstract] Subsequent Events Management's Representation of Interim Financial Statements Basis of Presentation and Principles of Consolidation Going Concern Use of Estimates Revenue Recognition Non-controlling interest Cash and Cash Equivalents Property and equipment Income taxes Stock-based Compensation Leases Net Loss per Share Recent Accounting Pronouncements Estimated useful lives of property Schedule of property and equipment Schedule of accrued and other liabilities Property and equipment useful life Cash Revenues Working capital Stockholders equity Property and equipment, gross Accumulated depreciation Property and equipment, net Sales tax payable Accrued interest payable Accrued Rent Payroll tax liabilities Accrued Other Total accrued liabilities Credit line maximum amount Credit line interest rates Line of credit balance Convertible notes payable Notes payable face value Debt interest rate Debt term Conversion rate Beneficial conversion feature Rental space in sq. ft. Lease payment frequency Lease periodic payment Estimated useful lives of property [Table Text Block] Lease payment frequency Lease periodic payment Management's Representation of Interim Financial Statements [Policy Text Block] Non-controlling interest [Policy Text Block] Going concern policy [Policy Text Block] Working capital Assets, Current Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Operating Income (Loss) Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Net Income (Loss) Attributable to Parent Shares, Outstanding Increase (Decrease) in Accounts Payable Increase (Decrease) in Accrued Liabilities Net Cash Provided by (Used in) Operating Activities Payments to Acquire Property, Plant, and Equipment Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) Long-term Debt [Text Block] NoncontrollingInterestPolicyTextBlock Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment EX-101.PRE 10 none-20190630_pre.xml XBRL PRESENTATION FILE XML 11 R1.htm IDEA: XBRL DOCUMENT v3.19.2
Document and Entity Information - shares
 6 Months Ended
Jun. 30, 2019
Aug. 16, 2019
Document And Entity Information    
Entity Registrant Name Kisses From Italy, Inc.  
Entity Central Index Key 0001608092  
Document Type 10-Q  
Document Period End Date Jun. 30, 2019  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Is Entity's Reporting Status Current? No  
Is Entity Emerging Growth Company? true  
Elected Not To Use the Extended Transition Period false  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Common Stock, Shares Outstanding   81,780,170
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2019  
Interactive data current Yes  
Entity state of incorporation FL  
Entity file number 000-52898  
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 10,422 $ 22,877
Total current assets 10,422 22,877
Property and equipment, net 73,389 90,348
Other Assets 1,092 1,093
Total assets 84,903 114,318
Current liabilities:    
Accounts payable 79,501 50,374
Accrued liabilities 161,989 158,089
Loans payable 9,301 5,643
Total current liabilities 250,791 214,106
Convertible Notes 441,450 277,650
Total liabilities 692,241 491,756
Commitments and contingencies
Stockholders' Equity:    
Preferred stock, $0.001 par value. 25,000,000 shares authorized; zero shares issued and outstanding 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 81,780,170 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 81,780 81,780
Additional paid-in capital 1,692,799 1,638,253
Retained earnings deficit (2,399,503) (2,124,631)
Total Kisses From Italy Stockholders' Equity (624,924) (404,598)
Non-controlling interest 17,586 27,160
Total stockholders' equity (607,338) (377,438)
Total liabilities and equity $ 84,903 $ 114,318
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2019
Dec. 31, 2018
Statement of Financial Position [Abstract]    
Preferred stock, par value $ .001 $ 0.001
Preferred stock, shares authorized 25,000,000 25,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value $ .001 $ 0.001
Common stock, shares authorized 200,000,000 200,000,000
Common stock, shares issued 81,780,170 81,780,170
Common stock, shares outstanding 81,780,170 81,780,170
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Sales $ 162,429 $ 131,707 $ 278,001 $ 237,111
Cost of goods sold 78,790 56,954 126,934 103,333
Gross margin 83,639 74,753 151,067 133,778
Operating expenses:        
Depreciation and amortization 10,730 9,938 21,258 19,876
Executive compensation 0 0 0 16,953
Payroll and other expenses 68,420 57,560 138,806 81,068
Rent 33,418 22,800 64,874 43,583
Consulting and professional fees 10,241 22,997 31,613 41,667
General and administrative 77,112 33,184 105,277 58,693
Total operating expenses 199,921 146,479 361,828 261,840
Income (loss) from operations (116,282) (71,727) (210,761) (128,063)
Other income (expense)        
Interest income (expense), net (26,004) (50,657) (73,686) (57,497)
Total other income (expense) (26,004) (50,657) (73,686) (57,497)
Income (loss) before income taxes (142,286) (122,384) (284,446) (185,560)
Provision for income taxes (benefit) 0 0 0 0
Net loss (142,286) (122,384) (284,446) (185,560)
Less: net gain (loss) attributable to non-controlling interests (3,377) (8,481) (9,574) (9,509)
Net loss attributable to Kisses From Italy, Inc. $ (138,909) $ (113,903) $ (274,872) $ (176,051)
Basic and diluted earnings (loss) per common share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted-average number of common shares outsanding: Basic and diluted 81,780,170 81,780,170 81,780,170 81,780,170
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Changes in Stockholders Equity (Unaudited) - USD ($)
Preferred Stock
Common Stock
Additional Paid-In Capital
Noncontrolling Interest
Retained Earnings / Accumulated Deficit
Total
Beginning balance, shares at Dec. 31, 2017 0 81,780,170        
Beginning balance, value at Dec. 31, 2017 $ 0 $ 81,780 $ 1,545,796 $ 52,734 $ (1,679,183) $ 1,127
Net income (loss)       (1,029) (63,176) (64,205)
Ending balance, shares at Mar. 31, 2018 0 81,780,170        
Ending balance, value at Mar. 31, 2018 $ 0 $ 81,780 1,545,796 51,705 (1,742,359) (63,078)
Beneficial conversion feature of convertible notes     49,452     49,452
Net income (loss)       (8,480) (112,875) (121,355)
Ending balance, shares at Jun. 30, 2018 0 81,780,170        
Ending balance, value at Jun. 30, 2018 $ 0 $ 81,780 1,595,248 43,225 (1,855,234) (134,981)
Beginning balance, shares at Dec. 31, 2018 0 81,780,170        
Beginning balance, value at Dec. 31, 2018 $ 0 $ 81,780 1,638,253 27,160 (2,124,631) (377,438)
Beneficial conversion feature of convertible notes     33,633     33,633
Net income (loss)       (6,197) (135,962) (142,159)
Ending balance, shares at Mar. 31, 2019 0 81,780,170        
Ending balance, value at Mar. 31, 2019 $ 0 $ 81,780 1,671,886 20,963 (2,260,593) (485,964)
Beneficial conversion feature of convertible notes     20,913     20,913
Net income (loss)       (3,377) (138,909) (142,286)
Ending balance, shares at Jun. 30, 2019 0 81,780,170        
Ending balance, value at Jun. 30, 2019 $ 0 $ 81,780 $ 1,692,799 $ 17,586 $ (2,399,503) $ (607,338)
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities of continuing operations:    
Net income (loss) $ (274,872) $ (176,051)
Net income loss attributable to non-controlling interest (9,574) (9,509)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 21,258 19,876
Amortization of debt discount 54,545 49,500
Changes in operating assets and liabilities:    
Accounts payable 29,130 0
Accrued liabilities 3,899 18,449
Net cash provided by (used in) operating activities (175,614) (97,735)
Cash flows from investing activities:    
Purchase of fixed assets (4,299) 0
Net cash provided by (used in) investing activities (4,299) 0
Cash flows from financing activities:    
Proceeds/payments on loans payable 3,658 (37,013)
Proceeds from the sale of convertible notes 163,800 148,649
Net cash provided by (used in) financing activities 167,458 111,636
Net increase (decrease) in cash and cash equivalents (12,455) 13,901
Cash and cash equivalents at beginning of period 22,877 51,955
Cash and cash equivalents at end of period 10,422 65,856
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 0
XML 17 R7.htm IDEA: XBRL DOCUMENT v3.19.2
1. Organization and Description of Business
 6 Months Ended
Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Description of Business

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

  

Kisses From Italy Inc. (the “Company”) was incorporated in Florida on March 7, 2013. The Company’s main focus is to develop a fast, casual food dining chain restaurant business of corporate-owned restaurants and expanding through a nationwide/international franchise and territory sales program. The Company commenced operations in May 2015 by opening its first location in Ft. Lauderdale, Florida. Three additional restaurants, which were located in various Wyndham Hotel properties in the Pompano Beach, Florida area, were then opened within the following ten months. All locations, which were in leased facilities, were fully operational by April 2016. In December 2017, the Company vacated one of its restaurants due to hurricane damage and permanently closed that located in 2018.

 

On May 30, 2019, the Company announced that it was working on opening its inaugural corporate-owned Italian location. The new location is expected to enable the Company to build its European franchise program and distribution network, as well as creating efficiencies in its planned product distributions that can be scaled across the various business units.

 

The new restaurant, located at Strada Provinciale 70 #100, Via Vittorio Veneto 100 Ceglie del Campo, Bari, Italia, is also expected to become the Company’s training facility for future franchises in Europe. The Company expects to have the location fully operational during the fourth quarter of 2019. Expenses associated with opening the new location included the Company’s financial statements for the six month period ended June 30, 2019, were not material.
XML 18 R8.htm IDEA: XBRL DOCUMENT v3.19.2
2. Summary of Significant Accounting Policies
 6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  

Management’s Representation of Interim Financial Statements

 

The accompanying unaudited consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements at December 31, 2018, and 2017 filed with the SEC on April 16, 2019.

 

Basis of Presentation and Principles of Consolidation

 

The consolidated financial statements of the Company have been prepared in accordance with GAAP. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses or recognized when incurred. The consolidated financials include the accounts of the Company and its wholly-owned subsidiaries; Kisses from Italy 9th LLC, Kisses from Italy-Franchising LLC; and its 70% owned subsidiary, Kisses-Palm Sea Royal LLC.

 

All intercompany accounts and transactions are eliminated in consolidation.

 

Going Concern

 

The accompanying unaudited consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. On a consolidated basis, the Company has incurred significant operating losses since inception.

 

Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of Common Stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its consolidated operations become profitable. Also, the Company has, in the past, paid for consulting services with its Common Stock to maximize working capital, and intends to continue this practice where feasible.

  

Use of Estimates

 

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, impairment of long-lived assets, valuation of financial instruments, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.

 

Revenue Recognition

 

Sales, as presented in the Company’s consolidated statement of earnings, represents food and beverage product sold and is presented net of discounts, coupons, employee meals, and complimentary meals. Revenue from restaurant sales is recognized when food and beverage products are sold.

 

On January 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). For the six months ended June 30, 2019, and the year ended December 31, 2018, respectively, the consolidated financial statements were not materially impacted as a result of the application of Topic 606.

 

Non-controlling interest

 

Non-controlling interest represents third-party ownership in the net assets of one of our consolidated subsidiaries. For financial reporting purposes, the assets and liabilities of our majority-owned subsidiary consolidated with those of the Company’s wholly-owned subsidiaries, with any third-party investor’s interest shown as non-controlling interest.

 

Cash and Cash Equivalents

 

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At June 30, 2019 and December 31, 2018, the Company’s cash equivalents totaled $10,422 and $22,877, respectively.

 

Property and equipment

 

Property and equipment are stated at cost or fair value. During 2018 the Company permanently closed one of its locations and removed all property and detachable leaseholds. The Company believes that this equipment and leaseholds which are in excellent condition can be used at existing and new locations and that the undepreciated book value is equivalent to its fair market value, thus no impairment was recorded. Depreciation is computed by the straight-line method and is charged to operations over the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred. The carrying amount and accumulated depreciation of assets sold or retired are removed from the accounts in the year of disposal and any resulting gain or loss is included in results of operations. The estimated useful lives of property and equipment are as follows:

 

Computers, software, and office equipment  1 – 6 years
Machinery and equipment  3 – 5 years
Leasehold improvements  Lesser of the lease term or estimated useful life

  

Income taxes

 

The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.

 

The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions on a quarterly basis to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit.

 

Stock-based Compensation

 

The Company accounts for stock-based compensation using the fair value method following the guidance set forth in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.

 

Leases

 

The Company follows the guidance in ASC 840 “Leases,” which requires us to evaluate the lease agreements the Company enters into to determine whether they represent operating or capital leases at the inception of the lease.

 

Net Loss per Share

 

Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, "Earnings per Share." Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.

 

Recent Accounting Pronouncements

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which establishes a new lease accounting model for lessees. The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. In March 2019, the FASB issued ASU 2019-01, Codification Improvements, which clarifies certain aspects of the new lease standard. The FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases in July 2018. Also in 2018, the FASB issued ASU 2018-11, Leases (Topic 842) Targeted Improvements, which provides an optional transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendments have the same effective date and transition requirements as the new lease standard.

 

As an emerging growth company, we have until December 15, 2019, to adopt ASC 842. While we continue to evaluate the impact of the new standard, we expect the adoption of this guidance will have not have any impact on our financial statements.
XML 19 R9.htm IDEA: XBRL DOCUMENT v3.19.2
3. Going Concern and Liquidity
 6 Months Ended
Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern and Liquidity

NOTE 3 – GOING CONCERN AND LIQUIDITY

 

As of June 30, 2019, and December 31, 2018, the Company had $10,422 and $22,877 in cash on hand respectively and for the six month periods ended June 30, 2019, and 2018, the Company recorded revenues of $278,001 and $237,111, respectively. Additionally, as of June 30, 2019, the Company had a working capital deficit of $240,368; and negative stockholders equity of $(607,338).

 

In the Company’s financial statements for the fiscal years ended December 31, 2018, and 2017, the Reports of the Independent Registered Public Accounting Firm include an explanatory paragraph that describes substantial doubt about the Company’s ability to continue as a going concern. These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. Based on the Company’s current financial projections, it believes it does not have sufficient existing cash resources to fund its current operations.

 

It is the Company’s current intention to raise debt and/or equity financing to fund ongoing operating expenses. There is no assurance that these events will be satisfactorily completed or at terms acceptable to the Company. Any issuance of equity securities, if accomplished, could cause substantial dilution to existing stockholders. Any failure by the Company to successfully implement these plans would have a material adverse effect on its business, including the possible inability to continue operations.
XML 20 R10.htm IDEA: XBRL DOCUMENT v3.19.2
4. Property and Equipment
 6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

 

The following table sets forth the components of the Company’s property and equipment at June 30, 2019, and December 31, 2018:

 

   June 30, 2019   December 31, 2018 
   Cost   Accumulated Depreciation   Net Book
Value		   Cost   Accumulated Depreciation   Net Book
Value		 
Capital assets subject to depreciation:                              
Furniture and equipment  $56,966    (39,978)   16,988   $52,868    (35,200)   17,668 
Leasehold improvements   175,916    (119,515)   56,401    175,716    (103,036)   72,680 
Total fixed assets  $232,882    (159,493)   73,389   $228,584    (138,236)   90,348 

 

For the six month periods ended June 30, 2019, and 2018, respectively the Company recorded depreciation and amortization of $21,258 and $19,876 respectively.
XML 21 R11.htm IDEA: XBRL DOCUMENT v3.19.2
5. Accrued and Other Liabilities
 6 Months Ended
Jun. 30, 2019
Payables and Accruals [Abstract]  
Accrued and Other Liabilities

NOTE 5 – ACCRUED AND OTHER LIABILITIES

 

The following table sets forth the components of the Company’s accrued liabilities at June 30, 2019, and December 31, 2018.

 

   June 30,
2019		   December 31,
2018		 
Sales tax payable  $20,533   $12,605 
Accrued interest payable   28,430    21,728 
Accrued rent   –    12,114 
Payroll tax liabilities   113,026    109,642 
Accrued other   –    2,000 
Total accrued liabilities  $161,989   $158,089 

 

The Company is in arrears on its payroll tax payments as of June 30, 2019. Included in the “payroll tax liabilities” as of June 30, 2019, is approximately $29,774 in interest and penalties.

XML 22 R12.htm IDEA: XBRL DOCUMENT v3.19.2
6. Loans Payable
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Loans Payable

NOTE 6 – LOANS PAYABLE

 

The Company has one asset-based line of credit of $9,301. The amount of credit available to be accessed is dependent on the amount of documented credit receipts received by the Company’s restaurants. The due dates on these credit advances are typically between 90 and 180 days. The interest rate on the facility is approximately 32%, plus additional processing fees of approximately 5%.

 

As of June 30, 2019, and December 31, 2018, loan payable balances were $9,301 and $4,066 respectively. The amount of loans outstanding was significantly reduced due to proceeds from less expensive (in terms of the interest rate) convertible debt that was applied against loan balances.
XML 23 R13.htm IDEA: XBRL DOCUMENT v3.19.2
7. Convertible Notes
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Convertible Notes

NOTE 7 – CONVERTIBLE NOTES

 

As of June 30, 2019, and December 31, 2018, the balance of convertible notes was $441,450 and $277,650, respectively.

 

In April 2018, the Company commenced a private offering of up to $500,000 in convertible debenture (the “Debentures”), to non-residents of the US. These notes accrue interest at the rate of 8% per annum and are convertible into shares of the Company’s Common Stock and are only convertible until such time as the Company’s Common Stock is approved for trading, of which there is no assurance, at a conversion rate of $0.0667 per share. Interest is payable annually, on or before February 15 of each year. The Debentures mature three years after the issuance date. As of the date hereof, an aggregate of $441,450 in Debentures have been issued. None have been converted.

 

Since the Company’s shares were previously sold in a private placement at a price of $0.10 per share, the difference in price is considered a beneficial conversion feature. Since the holders of the Notes have the right to convert immediately, the beneficial conversion feature of $147,003 has been immediately expensed and recorded as interest expense.
XML 24 R14.htm IDEA: XBRL DOCUMENT v3.19.2
8. Stockholders Equity
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Stockholders Equity

NOTE 8 – STOCKHOLDERS EQUITY

 

Capital Stock

 

At June 30, 2019, and December 31, 2018, there were 81,780,170 shares of Common Stock issued and outstanding, with a $0.001 par value.

 

25,000,000 shares of Preferred Stock, with a par value $0.01 per share, are authorized, none of which has been issued or was outstanding as of June 30, 2019, and December 31, 2018, respectively.

 

In May 2018, the Company’s Board of Directors and Shareholders approved an amendment to the Company’s Articles of Incorporation, increasing the number of authorized Common Shares to 200,000,000, par value $0.01 per share.

 

Common Stock Issued in Private Placements

  

During the six months ended June 30, 2019 and 2018, respectively the Company did not accept any subscription agreements to purchase its Common Stock.

 

Common Stock Issued in Exchange for Services

 

During the six months ended June 30, 2019, and 2018, respectively the Company did not issue any shares of its Common Stock for services.
XML 25 R15.htm IDEA: XBRL DOCUMENT v3.19.2
9. Commitments and Contingencies
 6 Months Ended
Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 9 – COMMITMENTS AND CONTINGENCIES

 

As of June 30, 2019, and December 31, 2018, the Company had three operating store locations. The Company leases these spaces based upon the following schedules:

 

  · Kisses From Italy 9th LLC based in Fort Lauderdale, Fl. leases approximately 990 square feet of space at a cost of $2,650 per month through the period ended July 31, 2018. Beginning on August 1, 2018, the rent increased to $5,773 per month for eight months and then it will be reduced to $3,274 per month. The increased rent amount of $5,773 includes an additional payment of $2,500 per month for these 8 months, arising out of a $20,000 dispute settlement related to a rent dispute. For financial statement purposes, this amount for the months of September and August 2018 ($5,000) was recorded as “rent expense” on the Company’s financial statements for the year ended December 31, 2018. The lease ends on December 9, 2020.

 

  · Kisses From Italy-Palm Aire based in Pompano Beach, Florida leases approximately 2,300 square feet of space at a cost of $3,600 per month. The Company has a one-year automatic renewal provision for this lease on May 1st of each year under the same terms.

 

  · Kisses From Italy -Sea Gardens based in Pompano Beach, Florida leases approximately 600 square feet of space at a cost of $546 per month. The lease ended on August 1, 2018, and was renewed on the same terms. The Company has a one-year automatic renewal provision for this lease but is not obligated to exercise this renewal provision.

 

The Company also rents professional and furnished space on a month to month basis in Miami, Florida at a cost of $223 per month, which has been designated the Company’s principal place of business.
XML 26 R16.htm IDEA: XBRL DOCUMENT v3.19.2
10. Subsequent Events
 6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events

NOTE 10 – SUBSEQUENT EVENTS

 

During the period from July 1 through August 15, 2019, the Company received $50,240 in proceeds from the sale of convertible notes to seven accredited investors.
XML 27 R17.htm IDEA: XBRL DOCUMENT v3.19.2
2. Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Management's Representation of Interim Financial Statements

Management’s Representation of Interim Financial Statements

 

The accompanying unaudited consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements at December 31, 2018, and 2017 filed with the SEC on April 16, 2019.
Basis of Presentation and Principles of Consolidation

Basis of Presentation and Principles of Consolidation

 

The consolidated financial statements of the Company have been prepared in accordance with GAAP. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses or recognized when incurred. The consolidated financials include the accounts of the Company and its wholly-owned subsidiaries; Kisses from Italy 9th LLC, Kisses from Italy-Franchising LLC; and its 70% owned subsidiary, Kisses-Palm Sea Royal LLC.

 

All intercompany accounts and transactions are eliminated in consolidation.
Going Concern

Going Concern

 

The accompanying unaudited consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. On a consolidated basis, the Company has incurred significant operating losses since inception.

 

Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of Common Stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its consolidated operations become profitable. Also, the Company has, in the past, paid for consulting services with its Common Stock to maximize working capital, and intends to continue this practice where feasible.
Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, impairment of long-lived assets, valuation of financial instruments, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.
Revenue Recognition

Revenue Recognition

 

Sales, as presented in the Company’s consolidated statement of earnings, represents food and beverage product sold and is presented net of discounts, coupons, employee meals, and complimentary meals. Revenue from restaurant sales is recognized when food and beverage products are sold.

 

On January 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). For the six months ended June 30, 2019, and the year ended December 31, 2018, respectively, the consolidated financial statements were not materially impacted as a result of the application of Topic 606.

Non-controlling interest

Non-controlling interest

 

Non-controlling interest represents third-party ownership in the net assets of one of our consolidated subsidiaries. For financial reporting purposes, the assets and liabilities of our majority-owned subsidiary consolidated with those of the Company’s wholly-owned subsidiaries, with any third-party investor’s interest shown as non-controlling interest.
Cash and Cash Equivalents

Cash and Cash Equivalents

 

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At June 30, 2019 and December 31, 2018, the Company’s cash equivalents totaled $10,422 and $22,877, respectively.
Property and equipment

Property and equipment

 

Property and equipment are stated at cost or fair value. During 2018 the Company permanently closed one of its locations and removed all property and detachable leaseholds. The Company believes that this equipment and leaseholds which are in excellent condition can be used at existing and new locations and that the undepreciated book value is equivalent to its fair market value, thus no impairment was recorded. Depreciation is computed by the straight-line method and is charged to operations over the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred. The carrying amount and accumulated depreciation of assets sold or retired are removed from the accounts in the year of disposal and any resulting gain or loss is included in results of operations. The estimated useful lives of property and equipment are as follows:

 

Computers, software, and office equipment  1 – 6 years
Machinery and equipment  3 – 5 years
Leasehold improvements  Lesser of the lease term or estimated useful life

  
Income taxes

Income taxes

 

The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.

 

The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions on a quarterly basis to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit.
Stock-based Compensation

Stock-based Compensation

 

The Company accounts for stock-based compensation using the fair value method following the guidance set forth in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.
Leases

Leases

 

The Company follows the guidance in ASC 840 “Leases,” which requires us to evaluate the lease agreements the Company enters into to determine whether they represent operating or capital leases at the inception of the lease.
Net Loss per Share

Net Loss per Share

 

Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, "Earnings per Share." Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.
Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which establishes a new lease accounting model for lessees. The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. In March 2019, the FASB issued ASU 2019-01, Codification Improvements, which clarifies certain aspects of the new lease standard. The FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases in July 2018. Also in 2018, the FASB issued ASU 2018-11, Leases (Topic 842) Targeted Improvements, which provides an optional transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendments have the same effective date and transition requirements as the new lease standard.

 

As an emerging growth company, we have until December 15, 2019, to adopt ASC 842. While we continue to evaluate the impact of the new standard, we expect the adoption of this guidance will have not have any impact on our financial statements.
XML 28 R18.htm IDEA: XBRL DOCUMENT v3.19.2
2. Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Estimated useful lives of property
Computers, software, and office equipment  1 – 6 years
Machinery and equipment  3 – 5 years
Leasehold improvements  Lesser of the lease term or estimated useful life
XML 29 R19.htm IDEA: XBRL DOCUMENT v3.19.2
4. Property and Equipment (Tables)
 6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment
   June 30, 2019   December 31, 2018 
   Cost   Accumulated Depreciation   Net Book
Value		   Cost   Accumulated Depreciation   Net Book
Value		 
Capital assets subject to depreciation:                              
Furniture and equipment  $56,966    (39,978)   16,988   $52,868    (35,200)   17,668 
Leasehold improvements   175,916    (119,515)   56,401    175,716    (103,036)   72,680 
Total fixed assets  $232,882    (159,493)   73,389   $228,584    (138,236)   90,348 
XML 30 R20.htm IDEA: XBRL DOCUMENT v3.19.2
5. Accrued and Other Liabilities (Tables)
 6 Months Ended
Jun. 30, 2019
Payables and Accruals [Abstract]  
Schedule of accrued and other liabilities
   June 30,
2019		   December 31,
2018		 
Sales tax payable  $20,533   $12,605 
Accrued interest payable   28,430    21,728 
Accrued rent   –    12,114 
Payroll tax liabilities   113,026    109,642 
Accrued other   –    2,000 
Total accrued liabilities  $161,989   $158,089 
XML 31 R21.htm IDEA: XBRL DOCUMENT v3.19.2
2. Summary of Significant Accounting Policies (Details)
 6 Months Ended
Jun. 30, 2019
Computers, software and office equipment [Member]  
Property and equipment useful life 1-6 years
Machinery and Equipment [Member]  
Property and equipment useful life 3-5 years
Leasehold Improvements [Member]  
Property and equipment useful life Lesser of lease term or estimated useful life
XML 32 R22.htm IDEA: XBRL DOCUMENT v3.19.2
2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Dec. 31, 2017
Accounting Policies [Abstract]        
Cash and cash equivalents $ 10,422 $ 22,877 $ 65,856 $ 51,955
XML 33 R23.htm IDEA: XBRL DOCUMENT v3.19.2
3. Going Concern and Liquidity (Details Narrative) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]                
Cash $ 10,422   $ 10,422     $ 22,877    
Revenues 162,429 $ 131,707 278,001 $ 237,111        
Working capital (240,368)   (240,368)          
Stockholders equity $ (607,338) $ (134,981) $ (607,338) $ (134,981) $ (485,964) $ (377,438) $ (63,078) $ 1,127
XML 34 R24.htm IDEA: XBRL DOCUMENT v3.19.2
4. Property and Equipment (Details) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Property and equipment, gross $ 232,882 $ 228,584
Accumulated depreciation (159,493) (138,236)
Property and equipment, net 73,389 90,348
Furniture and equipment [Member]    
Property and equipment, gross 56,966 52,868
Accumulated depreciation (39,978) (35,200)
Property and equipment, net 16,988 17,668
Leasehold Improvements [Member]    
Property and equipment, gross 175,916 175,716
Accumulated depreciation (119,515) (103,036)
Property and equipment, net $ 56,401 $ 72,680
XML 35 R25.htm IDEA: XBRL DOCUMENT v3.19.2
4. Property and Equipment (Details Narrative) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Property, Plant and Equipment [Abstract]        
Depreciation and amortization $ 10,730 $ 9,938 $ 21,258 $ 19,876
XML 36 R26.htm IDEA: XBRL DOCUMENT v3.19.2
5. Accrued and Other Liabilities (Details) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Payables and Accruals [Abstract]    
Sales tax payable $ 20,533 $ 12,605
Accrued interest payable 28,430 21,728
Accrued Rent 0 12,114
Payroll tax liabilities 113,026 109,642
Accrued Other 0 2,000
Total accrued liabilities $ 161,989 $ 158,089
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.19.2
5. Accrued and Other Liabilities (Details Narrative) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Payroll tax liabilities $ 113,026 $ 109,642
Interest and Penalties [Member]    
Payroll tax liabilities $ 29,774  
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.19.2
6. Loans Payable (Details Narrative) - USD ($)
 6 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Line of credit balance $ 9,301 $ 4,066
Credit Line 1 [Member]    
Credit line maximum amount $ 9,301  
Credit line interest rates 32.00%  
XML 39 R29.htm IDEA: XBRL DOCUMENT v3.19.2
7. Convertible Notes (Details Narrative) - USD ($)
 6 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Debt Disclosure [Abstract]    
Convertible notes payable $ 441,450 $ 277,650
Notes payable face value   $ 500,000
Debt interest rate   8.00%
Debt term 3 years  
Conversion rate 0.0667%  
Beneficial conversion feature $ 147,003  
XML 40 R30.htm IDEA: XBRL DOCUMENT v3.19.2
9. Commitments and Contingencies (Details Narrative)
 6 Months Ended
Jun. 30, 2019
USD ($)
ft²
Fort Lauderdale, FL [Member]  
Rental space in sq. ft. | ft² 990
Lease payment frequency monthly
Lease periodic payment $ 5,773
Palm Aire [Member]  
Rental space in sq. ft. | ft² 2,300
Lease payment frequency monthly
Lease periodic payment $ 3,600
Sea Gardens [Member]  
Rental space in sq. ft. | ft² 600
Lease payment frequency monthly
Lease periodic payment $ 546
Miami, FL [Member]  
Lease payment frequency monthly
Lease periodic payment $ 223
EXCEL 41 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 42 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 43 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 44 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.2 html 72 207 1 false 15 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://kissesfromitaly.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consolidated Balance Sheets (Unaudited) Sheet http://kissesfromitaly.com/role/BalanceSheets Consolidated Balance Sheets (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://kissesfromitaly.com/role/BalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations (Unaudited) Sheet http://kissesfromitaly.com/role/StatementsOfOperations Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statements of Changes in Stockholders Equity (Unaudited) Sheet http://kissesfromitaly.com/role/StatementsOfChangesInStockholdersEquity Consolidated Statements of Changes in Stockholders Equity (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://kissesfromitaly.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - 1. Organization and Description of Business Sheet http://kissesfromitaly.com/role/OrganizationAndDescriptionOfBusiness 1. Organization and Description of Business Notes 7 false false R8.htm 00000008 - Disclosure - 2. Summary of Significant Accounting Policies Sheet http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPolicies 2. Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - 3. Going Concern and Liquidity Sheet http://kissesfromitaly.com/role/GoingConcernAndLiquidity 3. Going Concern and Liquidity Notes 9 false false R10.htm 00000010 - Disclosure - 4. Property and Equipment Sheet http://kissesfromitaly.com/role/PropertyAndEquipment 4. Property and Equipment Notes 10 false false R11.htm 00000011 - Disclosure - 5. Accrued and Other Liabilities Sheet http://kissesfromitaly.com/role/AccruedAndOtherLiabilities 5. Accrued and Other Liabilities Notes 11 false false R12.htm 00000012 - Disclosure - 6. Loans Payable Sheet http://kissesfromitaly.com/role/LoansPayable 6. Loans Payable Notes 12 false false R13.htm 00000013 - Disclosure - 7. Convertible Notes Notes http://kissesfromitaly.com/role/ConvertibleNotes 7. Convertible Notes Notes 13 false false R14.htm 00000014 - Disclosure - 8. Stockholders Equity Sheet http://kissesfromitaly.com/role/StockholdersEquity 8. Stockholders Equity Notes 14 false false R15.htm 00000015 - Disclosure - 9. Commitments and Contingencies Sheet http://kissesfromitaly.com/role/CommitmentsAndContingencies 9. Commitments and Contingencies Notes 15 false false R16.htm 00000016 - Disclosure - 10. Subsequent Events Sheet http://kissesfromitaly.com/role/SubsequentEvents 10. Subsequent Events Notes 16 false false R17.htm 00000017 - Disclosure - 2. Summary of Significant Accounting Policies (Policies) Sheet http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPoliciesPolicies 2. Summary of Significant Accounting Policies (Policies) Policies http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPolicies 17 false false R18.htm 00000018 - Disclosure - 2. Summary of Significant Accounting Policies (Tables) Sheet http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPoliciesTables 2. Summary of Significant Accounting Policies (Tables) Tables http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPolicies 18 false false R19.htm 00000019 - Disclosure - 4. Property and Equipment (Tables) Sheet http://kissesfromitaly.com/role/PropertyAndEquipmentTables 4. Property and Equipment (Tables) Tables http://kissesfromitaly.com/role/PropertyAndEquipment 19 false false R20.htm 00000020 - Disclosure - 5. Accrued and Other Liabilities (Tables) Sheet http://kissesfromitaly.com/role/AccruedAndOtherLiabilitiesTables 5. Accrued and Other Liabilities (Tables) Tables http://kissesfromitaly.com/role/AccruedAndOtherLiabilities 20 false false R21.htm 00000021 - Disclosure - 2. Summary of Significant Accounting Policies (Details) Sheet http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPoliciesDetails 2. Summary of Significant Accounting Policies (Details) Details http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPoliciesTables 21 false false R22.htm 00000022 - Disclosure - 2. Summary of Significant Accounting Policies (Details Narrative) Sheet http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative 2. Summary of Significant Accounting Policies (Details Narrative) Details http://kissesfromitaly.com/role/SummaryOfSignificantAccountingPoliciesTables 22 false false R23.htm 00000023 - Disclosure - 3. Going Concern and Liquidity (Details Narrative) Sheet http://kissesfromitaly.com/role/GoingConcernAndLiquidityDetailsNarrative 3. Going Concern and Liquidity (Details Narrative) Details http://kissesfromitaly.com/role/GoingConcernAndLiquidity 23 false false R24.htm 00000024 - Disclosure - 4. Property and Equipment (Details) Sheet http://kissesfromitaly.com/role/PropertyAndEquipmentDetails 4. Property and Equipment (Details) Details http://kissesfromitaly.com/role/PropertyAndEquipmentTables 24 false false R25.htm 00000025 - Disclosure - 4. Property and Equipment (Details Narrative) Sheet http://kissesfromitaly.com/role/PropertyAndEquipmentDetailsNarrative 4. Property and Equipment (Details Narrative) Details http://kissesfromitaly.com/role/PropertyAndEquipmentTables 25 false false R26.htm 00000026 - Disclosure - 5. Accrued and Other Liabilities (Details) Sheet http://kissesfromitaly.com/role/AccruedAndOtherLiabilitiesDetails 5. Accrued and Other Liabilities (Details) Details http://kissesfromitaly.com/role/AccruedAndOtherLiabilitiesTables 26 false false R27.htm 00000027 - Disclosure - 5. Accrued and Other Liabilities (Details Narrative) Sheet http://kissesfromitaly.com/role/AccruedAndOtherLiabilitiesDetailsNarrative 5. Accrued and Other Liabilities (Details Narrative) Details http://kissesfromitaly.com/role/AccruedAndOtherLiabilitiesTables 27 false false R28.htm 00000028 - Disclosure - 6. Loans Payable (Details Narrative) Sheet http://kissesfromitaly.com/role/LoansPayableDetailsNarrative 6. Loans Payable (Details Narrative) Details http://kissesfromitaly.com/role/LoansPayable 28 false false R29.htm 00000029 - Disclosure - 7. Convertible Notes (Details Narrative) Notes http://kissesfromitaly.com/role/ConvertibleNotesDetailsNarrative 7. Convertible Notes (Details Narrative) Details http://kissesfromitaly.com/role/ConvertibleNotes 29 false false R30.htm 00000030 - Disclosure - 9. Commitments and Contingencies (Details Narrative) Sheet http://kissesfromitaly.com/role/CommitmentsAndContingenciesDetailsNarrative 9. Commitments and Contingencies (Details Narrative) Details http://kissesfromitaly.com/role/CommitmentsAndContingencies 30 false false All Reports Book All Reports none-20190630.xml none-20190630.xsd none-20190630_cal.xml none-20190630_def.xml none-20190630_lab.xml none-20190630_pre.xml http://fasb.org/us-gaap/2019-01-31 http://xbrl.sec.gov/dei/2019-01-31 true true ZIP 46 0001683168-19-002671-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001683168-19-002671-xbrl.zip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end