10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q/A

(Mark One)

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

For the Quarterly Period Ended March 31, 2019

OR

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

For the transition period from ______________ to ______________

Commission File No. 001-13126

2050 MOTORS, INC.

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

CALIFORNIA	5511	83-3889101
(State or other jurisdiction of incorporation or organization)	(Primary Standard Industrial Classification Code Number)	(I.R.S. Employer Identification No.)

25 N River Lane Suite 2050, Geneva, IL 60134

(Address of principal executive offices)

(630) 708-0750

(Registrant’s telephone number, including area code)

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

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 [X] No [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [  ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [  ]	Accelerated filer [  ]
Non-accelerated filer [  ]	Smaller reporting company [X] 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 Act). Yes [  ] No [X]

The number of shares of Common Stock (no par value) of the registrant outstanding was 905,776,444 at July 19, 2019. The number of shares of Series A Preferred Stock ($0.0001 par value and that each convert into one share of common stock) of the registrant outstanding was 3,000,000 at July 19, 2019. The market value of common shares outstanding as of July 19, 2019 was $543,466.

Explanatory note

The sole purpose of this Amendment the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2019 of 2050 Motors, Inc. (the “Company”) filed with the Securities and Exchange Commission on July 19, 2019 (the “Form 10-Q”) is to furnish Exhibits 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	2050 MOTORS, INC.
Date: July 22, 2019	/s/ Vikram Grover
	Vikram Grover, President
	(Principal Executive Officer)
Date: July 22, 2019	/s/ Vikram Grover
	Vikram Grover, Chief Financial Officer
	(Principal Financial and Accounting Officer)

EXHIBIT INDEX

Exhibit	Item
31.1*	Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
31.2*	Certification of Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
32.1*	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 Taxonomy Extension Schema Document
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*	XBRL Taxonomy Extension Label Linkbase Document
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document

*Filed herewith.

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Vikram Grover, certify that:

1.	I have reviewed this report on Form 10-Q/A of 2050 Motors, 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 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 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)) for the registrant and have:

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

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

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

/s/ Vikram Grover

Vikram Grover

President (Principal Executive Officer)

July 22, 2019

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Vikram Grover, certify that:

1.	I have reviewed this report on Form 10-Q/A of 2050 Motors, 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 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 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)) for the registrant and have:

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

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

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

/s/ Vikram Grover

Vikram, Grover

Chief Financial Officer

July 22, 2019

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the report of 2050 Motors, Inc. (the “Company”) on Form 10-Q/A for the period ending March 31, 2019 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacities and on the dates indicated below, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Vikram Grover

Vikram Grover

President (Principal Executive Officer)

July 22, 2019

/s/ Vikram Grover

Vikram Grover

Chief Financial Officer

July 22, 2019

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Jul. 19, 2019
Document And Entity Information
Entity Registrant Name	2050 MOTORS, INC.
Entity Central Index Key	0000867028
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		905,776,444
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

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Condensed Balance Sheets - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash	$ 2,899	$ 1
Prepaid expenses	2,500
Total current assets	5,399	1
Property and equipment, net
Total assets	5,399	1
Liabilities
Accounts payable	26,800	22,049
Tax payable	2,864	2,864
Accrued Expenses	813,299	626,299
Accrued interest on loans payable	37,268	49,740
Loans payable due to non-related parties, net	218,850	250,019
Deposits	21,947	21,947
Derivative liability	1,664,226	876,058
Total current liabilities	2,785,254	1,848,976
Stockholders' deficit
Common stock; no par value Authorized: 3,000,000,000 shares at March 31, 2019, and 300,000,000 shares at December 31, 2018 Issued and outstanding: 722,070,644 at March 31, 2019 and 623,964,144 at December 31, 2018	3,433,570	3,405,360
Preferred stock; no par value Authorized: 10,000,000 shares at March 31, 2019, and 10,000,000 shares at December 31, 2018 Issued and outstanding: 3,000,000 shares at March 31, 2019, and 3,000,000 shares at December 31, 2018	45,000	45,000
Additional paid-in-capital	536,356	536,356
Accumulated deficit	(6,919,781)	(5,960,691)
Common stock issuable	125,000	125,000
Total stockholders' deficit	(2,779,855)	(1,848,975)
Total liabilities and stockholders' deficit	$ 5,399	$ 1

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Condensed Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value
Common stock, shares authorized	3,000,000,000	300,000,000
Common stock, shares issued	722,070,644	623,964,144
Common stock, shares outstanding	722,070,644	623,964,144
Preferred stock, par value
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	3,000,000	3,000,000
Preferred stock, shares outstanding	3,000,000	3,000,000

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Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Operating revenue
Operating expenses:
Research and development costs
General & administrative	34,353	110,326
Total operating expenses	34,353	110,326
Loss from operations	(34,353)	(110,326)
Other income (expenses):
Interest expense	(14,781)	(179,944)
Amortization of discount	(152,370)	(71,095)
Impairment loss		(50,000)
Loss on debt conversion		(16,734)
Gain (Loss) on debt settlement		949
Derivative liability gain/(loss)	(757,586)	(1,064,317)
Total other income (expenses)	(924,737)	(1,381,141)
Loss before income taxes	(959,090)	(1,491,467)
Provision for income taxes
Net loss	$ (959,090)	$ (1,491,467)
Net loss per share, basic and diluted		$ (0.02)
Weighted average common equivalent shares outstanding, basic and diluted	669,950,137	75,518,883

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Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Common Stock Issuable [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Beginning balance at Dec. 31, 2017	$ 2,474,146		$ 140,000	$ 94,650	$ (4,059,248)	$ (1,350,452)
Beginning balance, shares at Dec. 31, 2017	47,860,512
Extinquishment of derivative liability				263,395		263,395
Reclassification of warrants to derivative liability				(42,900)		(42,900)
Equity offering costs				(9,375)		(9,375)
Shares issued for reduction of debt	$ 160,728					160,728
Shares issued for reduction of debt, shares	54,954,114
Shares issued for services		$ 45,000				45,000
Shares issued for services, shares		3,000,000
Net loss					(1,491,467)	(1,491,467)
Ending balance at Mar. 31, 2018	$ 2,634,874	$ 45,000	140,000	305,770	(5,550,715)	(2,425,071)
Ending balance, shares at Mar. 31, 2018	102,814,626	3,000,000
Beginning balance at Dec. 31, 2018	$ 3,405,360	$ 45,000	125,000	536,356	(5,960,691)	(1,848,975)
Beginning balance, shares at Dec. 31, 2018	623,964,144	3,000,000
Conversion of convertible debt	$ 28,210					28,210
Conversion of convertible debt, shares	98,106,500
Net loss					(959,090)	(959,090)
Ending balance at Mar. 31, 2019	$ 3,433,570	$ 45,000	$ 125,000	$ 536,356	$ (6,919,781)	$ (2,779,855)
Ending balance, shares at Mar. 31, 2019	722,070,644	3,000,000

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Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows provided by (used for) operating activities:
Net loss	$ (959,090)	$ (1,491,467)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Depreciation		6,803
Amortization of debt discount	152,370	71,095
Amortization of deferred finance costs		12,542
Impairment loss		50,000
Penalty expense on non-related loan payable		35,000
Debt settlement loss		16,734
Issuance of preferred stock for services		45,000
Derivative liability adjustment	757,586	1,064,317
Interest expense from initial derivative liability	15,833	99,570
Changes in assets and liabilities: Increase (decrease) in assets and liabilities:
Prepaid expenses	(2,500)
Accounts payable	4,751	19,961
Income tax payable		(800)
Accrued Expenses	5,948
Accrued interest on loans payable		21,340
Net cash used for operating activities	(25,102)	(49,905)
Cash flows provided (used) for investing activities:
Sale of property and equipment
Net cash provided by (used for) investing activities
Cash flows provided by (used for) by financing activities:
Proceeds from related party advances
Payments made on related party advances
Proceeds from non-related loans	28,000	73,000
Payments made on non-related loans
Payments made on revolving line of credit from related party		(1,458)
Net cash provided by (used for) financing activities	28,000	71,542
Net (decrease) in cash	2,898	21,637
Cash, beginning of year	1	499
Cash, end of period	2,899	22,136
Supplemental disclosure of cash flow information -
Cash paid for interest
Cash paid for taxes
Deferred equity issuance cost from non-cash transaction, net
Amortization of deferred finance cost from non-cash transaction		9,375
Common stock issued for debt	12,471	143,995
Debt discount from convertible loan	28,000	124,461
Reclassification of derivative liability	13,251	263,395
Warrants/options reclassified from APIC to derivative liability		$ 42,900

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Basis of Presentation and Organization

3 Months Ended

Mar. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Organization

Note 1 – BASIS OF PRESENTATION AND ORGANIZATION

2050 Motors, Inc. (“2050 Motors” or “the Company”) is the successor to an entity incorporated on April 22, 1986 in the state of California. 2050 Motors, Inc., the Company’s sole operating subsidiary by the same name, was incorporated on October 9, 2012 in the state of Nevada to import, market, and sell electric cars manufactured in China. On May 2, 2014, 2050 Motors, Inc. (Nevada) sold its business, operations and assets to the Company, whose sole business at the time was to identify, evaluate, and investigate various companies to acquire or with which to merge. Upon consummation of the acquisition of 2050 Motors, Inc., the Company’s sole business became the business of the Company and the public Company renamed itself “2050 Motors, Inc.”

On October 25, 2012, 2050 Motors entered into an agreement with Jiangsu Aoxin New Energy Automobile Co., Ltd., (“Aoxin”), located in Jiangsu, China, for the distribution in the United States of a new electric automobile, known as the “e-Go”. This Agreement was amended in 2017 to exclude certain markets in Central America and South America. Our principal business objective has historically been to achieve long-term growth through 2050 Motors, Inc.

On or around March 6, 2019, William Fowler resigned as our CEO and Director and Bernd Schaefers resigned as our Director. On or around March 6, 2019, we appointed Vikram Grover as CEO and sole Director (for further information, refer to our Form 8-K filed on March 7, 2019 with the SEC).

Since new management was appointed in March 2019, we have expanded our mission statement to invest in, incubate and accelerate businesses in the communications, energy, electric vehicle, and Internet industries (for further information, see Note 12 - Subsequent Events).

The condensed interim financial statements included herein, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America.

These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2018. The Company follows the same accounting policies in preparation of interim reports. Results of operations for the interim periods are not indicative of annual results.

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Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and 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. Actual results could differ from those estimates.

Fair Value of Financial Instruments

We adopted ASC Topic 820, “Fair Value Measurements and Disclosures,”, which requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of valuation hierarchy are defined as follows:

Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.

Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

Level 3 inputs to the valuation methodology are unobservable in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Derivative Financial Instruments-Level 3

Derivatives are recorded on the condensed balance sheet at fair value. The conversion features of the convertible notes are embedded derivatives and are separately valued and accounted for on the balance sheet with changes in fair value recognized during the period of change as a separate component of other income/expense. We use the binomial option-pricing model for determining the fair value of our derivatives. The model uses market-sourced inputs such as interest rates and stock price volatilities. Selection of these inputs involves management’s judgment and may impact net income.

Assets and liabilities measured at fair value are as follows as of March 31, 2019

	Total	Level 1		Level 2		Level 3
Liabilities
Derivative liability	$	$	-	$	-	$	1,664,226
Total liabilities measured at fair value	$	$	-	$	-	$	1,664,226

Assets and liabilities measured at fair value are as follows as of December 31, 2018:

	Total	Level 1		Level 2		Level 3
Liabilities
Derivative liability	$	$	-	$	-	$	876,058
Total liabilities measured at fair value	$	$	-	$	-	$	876,058

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

Balance as of December 31, 2018	$	876,058
Fair value of derivative liabilities issued		43,833
Loss on change in derivative liabilities		757,586
Reclassify to equity upon payoff or conversion		(13,251)
Balance as of March 31, 2019	$	1,664,226

Earnings Per Share (EPS)

Basic EPS is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares, warrants and stock options had been issued and if the additional common shares were dilutive. Diluted EPS is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options and the if-converted method for the outstanding convertible preferred shares. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, convertible outstanding instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). During the three-month periods ended March 31, 2019 and March 31, 2018, the Company generated no revenues and incurred substantial losses, of which the vast majority were due to mostly non-cash charges for accrued interest, penalties and derivative charges related to convertible debt instruments. Therefore, the effect of any common stock equivalents on EPS is anti-dilutive during those periods.

Concentration of Credit Risk

Cash is mainly maintained by one highly qualified institution in the United States. At no time were such amounts in excess of federally insured limits. Management does not believe that the Company is subject to any unusual financial risk beyond the normal risk associated with commercial banking relationships. The Company has not experienced any losses on our deposits of cash.

Recently Adopted Accounting Policies:

In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes all existing revenue recognition requirements, including most industry specific guidance. This new standard requires a company to recognize revenues when it transfers goods or services to customers in an amount that reflects the consideration that the company expects to receive for those goods or services. The FASB subsequently issued the following amendments to ASU No. 2014-09 that have the same effective date and transition date: ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations; ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing; ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients; and ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. The Company adopted these amendments with ASU 2014-09 (collectively, the new revenue standards).

The new revenue standards became effective for the Company on January 1, 2018 and were adopted using the modified retrospective method. The adoption of the new revenue standards as of January 1, 2018 did not change the Company’s revenue recognition as the majority of its revenues continue to be recognized when the customer takes control of its product. As the Company did not identify any accounting changes that impacted the amount of reported revenues with respect to its product revenues, no adjustment to retained earnings was required upon adoption.

In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (Topic 718). ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. ASU 2017-09 is effective for interim periods and fiscal years beginning after December 15, 2017, and early application is permitted. The implementation of ASU 2017-09 did not have a material effect on the Company’s consolidated financial statements.

In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires an entity to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. For public companies, ASU 2016-02 was effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, and requires a modified retrospective adoption, with early adoption permitted. The implementation of ASU 2016=02 did not have a material effect on the Company’s consolidated financial statements.

In July 2017, the FASB issued ASU No. 2017-11 Part I, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815). ASU 2017-11 Part I changes the classification analysis of certain equity linked financial instruments with down round features. ASU 2017-11 Part I is effective, for public business entities, for interim periods and fiscal years beginning after December 15, 2018, and early application is permitted. The implementation of ASU 2017-11 did not have a material effect on the Company’s consolidated financial statements.

Reclassification

Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no material effect on the reported results of operations or cash flow.

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Going Concern

3 Months Ended

Mar. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

Note 3 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate the continuation of the Company as a going concern. The Company reported an accumulated deficit of ($6,919,781) as of March 31, 2019. The Company also had negative working capital of ($2,959,855) at that date. To date, these losses and deficiencies have been financed principally through the issuance of common stock, loans from related parties and from third parties.

In view of the matters described above, there is substantial doubt as to the Company’s ability to continue as a going concern without a significant infusion of capital. We anticipate that we will have to raise additional capital to fund operations over the next 12 months. To the extent that we are required to raise additional funds to acquire properties, and to cover costs of operations, we intend to do so through additional offerings of debt or equity securities. There are no commitments or arrangements for other offerings in place, no guaranties that any such financings will be forthcoming, or as to the terms of any such financings. Any future financing will involve substantial dilution to existing investors.

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Vehicle Deposits

3 Months Ended

Mar. 31, 2019

Deposits [Abstract]

Vehicle Deposits

Note 4 – VEHICLE DEPOSITS

A vehicle deposit of $24,405, as of March 31, 2018, represented a prototype test model for delivery into the United States when specifications are completed for an advanced crash test known in the Automobile Safety Industry as the “overlap crash test”. Based on recent conversations with Aoxin and former management, we took an impairment charge for the vehicle deposit of $24,405 and wrote this asset down to $0 in the fourth quarter of 2018.

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License Agreement

3 Months Ended

Mar. 31, 2019

License Agreement

License Agreement

Note 5 – LICENSE AGREEMENT

In 2012 and 2013, the Company made a total payment of $50,000 in connection with an executed exclusive license agreement with Aoxin to import, assemble and manufacture an advanced carbon fiber electric vehicle called the “e-Go”. The cost of this license agreement was recognized as a long-term asset and was evaluated for impairment losses at the end of each reporting period. As of March 31, 2018, impairment losses related to this license of $50,000 were identified by management, and as a result we wrote off the value of the Aoxin license. We have since terminated all discussions with Aoxin regarding importation of electric automobiles and related parts and equipment from China into the United States.

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Loans Payable Due to Related Parties

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Loans Payable Due to Related Parties

Note 6 – LOANS PAYABLE DUE TO RELATED PARTIES

As of December 31, 2018, all related party loans and associated interest and penalties were converted into common equity. Current management has demanded documentation of the providence of these loans. Management is reviewing legal options for recovery of these shares and has placed a stop action order on these shares with the Company’s transfer agent.

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Convertible Note Payables

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Convertible Note Payables

Note 7 – CONVERTIBLE NOTE PAYABLES

The Company had convertible note payables with several third parties with stated interest rates ranging between 10% and 12% and 22% default interest not including penalties. These notes have a conversion feature such that the Company could not ensure it would have adequate authorized shares to meet all possible conversion demands; accordingly, the conversion option has been treated as a derivative liability in the accompanying interim financial statements. As of March 31, 2019, the Company had the following third-party convertible notes outstanding:

	Lender	Origination	Maturity	Amount			Interest
Note #1*	Auctus	1/6/17	2/6/18	$	69,046			22.0	%
Note #2*	JSJ	4/25/17	1/26/18		11,554			18.0	%
Note #3*	Crown Bridge	9/15/17	9/15/18		5,422			10.0	%
Note #4*	LG	11/14/17	11/14/18		22,754			12.0	%
Note #5*	PowerUp 5	1/24/18	10/30/18		6,320			22.0	%
Note #6*	PowerUp 6	2/22/18	11/30/18		56,235			22.0	%
Note #7*	PowerUp 7	4/11/18	1/30/19		22,500			22.0	%
Note #8*	PowerUp 8	4/27/18	2/15/19		32,250			22.0	%
Note #9*	Jabro 1	7/23/18	4/30/19		21,000			12.0	%
Note #10*	Jabro 2	10/01/18	7/15/19		11,500			12.0	%
Note #11*	PowerUp 9	11/01/18	8/30/19		14,700			12.0	%
Note #12*	PowerUp 10	3/08/19	01/15/20		28,000			22.0	%
Note #13*	Other	3/16/17	4/1/18		10,000			12.0	%
Total				$	311,281
less discount					(92,431	)
Net				$	218,850

*Note is currently in default.

Note #1, issued on January 6, 2017, is in default and under the terms of the convertible promissory note, the Company is liable to pay 150% of the then outstanding principal and interest plus additional penalties for certain covenants that are breached. In addition to the note balance of $69,046 as of March 31, 2019, there are penalties totaling $813,299 relating to the default of this note which are included in Accrued expenses. Management believes liquidated damages penalties of $2,000 per day are not enforceable or collectible as the lender has recovered its principal and default interest through conversions of the loans into common stock. The matter is currently being reviewed by counsel.

During the three months ended March 31, 2019, lenders converted $14,958 of debt and interest into 98,106,500 shares of common stock.

The variables used for the Binomial model are as listed below:

	March 31, 2018	March 31, 2019
●	Volatility: 253% - 286%	Volatility: 191% - 301%
●	Risk free rate of return: 1.28%- 1.76%	Risk free rate of return: 1.93% - 1.99%
●	Expected term: 1-11 months	Expected term: 1-10 months

The Company amortized a debt discount of $152,370 and $71,095 respectively, during the three-month periods ended March 31, 2019 and March 31, 2018. Interest expense accrued on third-party convertible notes was $14,781 and $179,944 for the three-month periods ended March 31, 2019 and March 31, 2018, respectively.

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 8 – COMMITMENTS AND CONTINGENCIES

Industrial Lease

Effective March 1, 2014, the Company signed a lease for four thousand square feet of industrial space in North Las Vegas. The term of the lease was for three years and cost $2,200 per month. The lease expired on April 30, 2017 and the Company was on a month to month lease thereafter. The lease was terminated as of June 30, 2018.

Rent expense amounted to $0 and $6,600 for the three-month periods ended March 31, 2019 and March 31, 2018, respectively.

Aoxin License Agreement

Pursuant to a 2012 license agreement and 2017 amendment executed between the Company and Aoxin, in order to maintain exclusive rights for the United States (US), the Company was required to purchase and sell certain amount of e-Go model vehicles per year for a certain period of time starting from the completion of the requirements established by the United States Department of Transportation’s protocols for the e-Go. As part of the license agreement, the Company was committed to pay expenses related to any required airbag testing procedures. The Company estimated the cost of these airbags could be as much as $2 million.

Aoxin has been unable to procure a license to design, test and manufacture e-Go vehicles in China. Additionally, our representatives in China have been told by Aoxin that any such agreement and amendment has expired. Given these circumstances, during the three-month period ended March 31, 2018, we wrote down the value of the Aoxin license to $0 and associated vehicle deposits were fully impaired during the fourth quarter of 2018.

Legal Proceedings

The Company may from time to time, become a party to various legal proceedings, arising in the ordinary course of business. The Company investigates these claims as they arise. Management does not believe, based on current knowledge, that there were any such claims outstanding as of March 31, 2019.

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Revolving Line of Credit- Related Party

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Revolving Line of Credit- Related Party

Note 9 – REVOLVING LINE OF CREDIT- RELATED PARTY

During 2018, the Company had a revolving line of credit agreement with a related party. The line amount was $100,000 and carried interest at 12% per annum, due on December 31, 2018 with a conversion option into restricted common stock of the Company. The note was convertible at 50% of the Average Market Price for the 15 previous trading days before the conversion notice date.

During the three-month period ended March 31, 2019, the Company made cash payments totaling $0 to principal and accrued interest. As of March 31, 2019, the balance outstanding on the loan was $0 as all remaining principal, interest and penalties due on the loan were converted into common shares during the fourth quarter of 2018.

Current management has demanded documentation of the providence of these loans. Management is reviewing legal options for recovery of these shares and has placed a stop action order on these shares with the Company’s transfer agent.

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Equity

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Equity

Note 10 – EQUITY

During the three months ended March 31, 2019, lenders converted $14,958 of debt and interest into 98,106,500 shares of common stock.

On March 6, 2019, Vikram Grover was appointed our President, Chief Executive Officer, Chief Financial Officer, Secretary and Director. Mr. Grover’s compensation consists of $12,500 per month, of which $5,000 is payable in cash while the Company is delinquent in its SEC filings and the balance to be accrued and payable in cash or stock on December 31 of each calendar year. Upon bringing the Company current with its SEC filings, Mr. Grover will be compensated $12,500 per month, of which $7,500 is payable in cash and $5,000 will be accrued and payable in cash or stock on December 31 of each calendar year. Additionally, upon bringing the Company current with its SEC filings, Mr. Grover will be issued 100 million common stock purchase warrants with a $0.001 exercise price and a three-year expiration. If the Company’s common stock closes over $0.01 for 10 consecutive trading sessions, Mr. Grover shall be issued an additional 100 million common stock purchase warrants with a $0.001 strike price and a three-year expiration.

On March 6, 2019, our Board of Directors approved, and we filed a Certificate of Determination for with the Secretary of State of California, a new class of Series C Preferred Shares with a total of one million such shares authorized. Each share converts into one common share, has 10,000 votes on every corporate matter requiring a shareholder vote, has a par value of $0.0001, and pays an annual dividend at the option of the Company of $0.01. On March 6, 2019, the Company issued one million Series C Preferred Shares to our CEO, Vikram Grover, as consideration for the change of control of the Company.

On March 8, 2019, the Company borrowed $28,000, netting $25,000 in funding after legal fees and due diligence costs, pursuant to a convertible note agreement bearing an interest rate of 12% per annum and with a maturity date of January 15, 2020.

On March 27, 2019, we issued a demand letter to BKS Cambria, LLC (“BKS”) and United Biorefineries, Inc. (“United”) to return 84,770,115 and 53,347,701 of our common stock shares in certificate form, respectively, that were invalidly issued by our prior management to the corporate entities they controlled. BKS and United failed to respond to our demand letter by the demand date and we have not received the foregoing share amounts in certificate form from either BKS or United. To this date, BKS has still not responded to our demand letter. UBC has electronically responded, denied any wrongdoing, and refuses to return the certificates. These shares were issued from conversions of insiders’ affiliate debt and attached penalty interest and penalties into common stock at a floating rate discount to market prices.

During the year ended December 31, 2016, the Company agreed to issue 3,200,000 shares for services at a price between $0.157 to $0.075, for a total of $256,480. Additionally, the Company agreed to issue 825,000 shares of common stock for marketing services at a per share price of $0.1497 for a total consideration of $125,000. As of March 31, 2019, these shares are yet to be issued and have been recorded as common stock issuable.

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Warrants and Options

3 Months Ended

Mar. 31, 2019

Warrants And Options

Warrants and Options

Note 11 – WARRANTS AND OPTIONS

As of March 31, 2019, the Company has no warrants or stock options issued or outstanding. Subsequent to the end of the quarter, four executives were added to a newly created Advisory Board and were issued a total of forty million warrants (see Note 12 – Subsequent Events for further information). Further, our CEO, Vikram Grover, will be issued 100 million warrants with a strike price of $0.001 upon bring the Company current with its SEC reporting requirements, with an additional 100 million warrants with a strike price of $0.001 due upon our common stock closing at or above $0.01 for ten consecutive trading sessions.

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Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

Note 12 – SUBSEQUENT EVENTS

On March 10, 2019, Aldo Baiocchi joined the Company’s Advisory Board to guide the Company’s growth of electric vehicle (EV) ventures. As compensation, effective April 1, 2019, Aldo Baiocchi was issued 10 million incentive common stock purchase warrants with a strike price of $0.01 and three-year expiration.

On March 10, 2019, Ted Flomenhaft joined the Company’s Advisory Board to guide the Company’s growth of technology and communications ventures. As compensation, effective April 1, 2019, Ted Flomenhaft was issued 10 million incentive common stock purchase warrants with a strike price of $0.01 and three-year expiration.

On March 19, 2019, we engaged EDGE FiberNet, Inc. for consulting, support and back office services to assist us in development of our planned businesses in communications, electric vehicles, lighting, including power over Ethernet and LED, and other mediums. As part of the Agreement, we received an option on 4,000 square feet of office/retail space at EDGE FiberNet’s headquarters in Industry City, Brooklyn, New York. As compensation, on April 1, 2019, we issued EDGE FiberNet 10 million common stock purchase warrants with a strike price of $.005 and a three-year expiration.

On April 10, 2019, a lender converted $13,273 principal of a loan into 66,363,000 common shares.

On April 12, 2019, Michael Shevack joined the Company’s Advisory Board to guide the formation of an Environmental, Social and Governance (“ESG”) Division. As compensation, on April 12, 2019, Shevack was issued 10 million incentive common stock purchase warrants with a strike price of $0.01 and three-year expiration.

On or around March 6, 2019, as part of its management transition plan, the Company agreed to transfer to prior Management eighty (80) percent ownership of its Nevada subsidiary, 2050 Motors (“2050 Private” or “TFPC”) in exchange for a corporate note from TFPC in the amount of fifty thousand dollars at 8% interest per annum to be paid out of net profits. 2050 Motors (2050 Public) agreed to appoint William Fowler as President of 2050 Private to raise operating capital for expenses to negotiate terms and conditions to maintain Exclusive License with Aoxin Motors. Subsequent to the change of control and based on due diligence on TFPM and the status of the Aoxin Motors relationship, on or around April 2, 2019, we terminated the transaction as we deemed that it was not in the best interests of shareholders. We continue to demand information regarding TFPC from former management but have received unresponsive and unsatisfactory responses to our inquiries.

On April 4, 2019, we removed all Officers and/or Directors of our wholly-owned subsidiary, 2050 Motors, Inc., a Nevada corporation (“2050 Private”); thereafter, 2050 Private appointed our Chief Executive Officer, Vikram Grover, as 2050 Private’s President/Sole Director.

On April 7, 2019, our Board of Directors approved the creation of a new class of Series B Preferred Shares. A total of six million such shares were authorized. Each share converts into 1,000 common shares, votes on an as converted basis, has a par value of $0.001, and pays a cumulative annual dividend in cash or in kind of $0.01.

On April 8, 2019, we amended the terms of our existing Series A Preferred stock by changing the par value from nil to $0.0001 and establishing a $0.01 per share annual dividend to be approved by our Board of Directors each year. Each share remains convertible into one common share and has 50 votes on corporate matters. As part of the management transition plan announced in March 2019, two million Series A Preferred Shares were transferred from former owners to our current CEO, Vikram Grover. A total of three million Series A Preferred Shares are authorized, all of which are currently issued and outstanding.

On April 10, 2019, a third-party lender converted $13,272.60 principal of a convertible debenture into 66,363,000 common shares.

On April 18, 2019, we agreed to purchase a 50% interest in CLEC Networks, Inc., a Delaware corporation, from EDGE FiberNet Inc., a Delaware corporation. As consideration, we agreed to issue EDGE FiberNet 100,000 newly-created Series B Preferred Shares convertible into 100 million common shares of our Company. Additionally, we made a funding commitment of $150,000 over seven months to CLEC Networks, to be renamed 2050Tel Corp. or similar such corporate name. The transaction was originally expected to close by April 30, 2019, but the closing deadline was extended to June 28, 2019 from May 17, 2019 on May 26, 2019, after being extended to May 17, 2019 on April 30, 2019 to allow both parties to complete corporate actions, including requisite state approvals of share issuances and other.

On April 22, 2019, we executed a letter of intent (LOI) to invest in and partner with ERide Club Corp. (ECC), a Company developing an Internet-based cloud platform to enable rentals and related services for the electric vehicle (EV) market, including automobiles, eBikes and mobility products. Upon delivery of a working beta system vetted by businesses, consumers and third-party testing no later than August 1, 2019, we will issue ECC 100,000 Series B Preferred shares convertible into 100 million common shares in return for 10% of the equity of ECC, with a right of participation on future financings by ECC through year-end 2020. Additionally, we will become a preferred marketing partner of ECC in the United States and provide ECC with a three-year option to perform a spin-out IPO to our shareholders. ECC expects to launch a first-generation version of the platform on May 15, 2019, after which time we will vet the system with our staff and advisors.

On May 2, 2019, we engaged Markup Designs Pvt. Ltd. (“MDPL”; https://www.markupdesigns.com), a global Web and mobile application development company, to design and build a social network to be named “KANAB CLUB” (www.kanab.club) targeting the global cannabis market. On May 13, 2019, we completed an initial payment to MDPL, mandating them to deploy a home page with launch information and sign-up capabilities for customers with an expected go-live date of May 24, 2019, and to complete a working Web platform within 60 days after the home page launch. After coding industry-standard social media functionality, we intend to add an online marketplace, 420 dating services, discussion forums, rewards programs/points including potential utility crypto coins, differentiated advertising and navigation capabilities (www.linkstorm.net), and Android/iOS mobile applications to the platform.

On May 5, 2019, 2050 Motors, Inc. executed a Securities Purchase Agreement with our CEO, Vikram Grover, for an investment in the Company of $483,000 in the form of 210,000,000 free-trading common shares of Peer to Peer Network aka Mobicard Inc. The transaction closed on May 15, 2019. As consideration, the Company issued the investor 400,000 newly created 1% Cumulative Series B Preferred Shares, each of which bears a RESTRICTED CONTROL STOCK legend, is convertible into 1,000 common shares, and has 1,000 votes on corporate matters. The investment is intended to strengthen the Company’s balance sheet, provide liquidity and facilitate capital raising.

On May 13, 2019, a third-party lender funded the Company $12,500.00 in a convertible debenture that pays 12% interest.

On May 14, 2019, to eliminate any confusion regarding the future direction of the Company and to provide transparency and clarity for our investors, our Board of Directors approved the dissolution of our wholly owned subsidiary, 2050 Motors, Inc., a Nevada corporation doing business under the same name as our publicly traded company, 2050 Motors, Inc., a California corporation. Additionally, our Board of Directors approved the termination of any and all discussions and prior agreements with Aoxin Motors regarding the importation of electric vehicles to be made by Aoxin Motors in China into the United States. Our termination was driven by Aoxin Motors’ failure to obtain the necessary license(s) to manufacture e-GO electric vehicles, which have been under development since 2012. Accordingly, on May 14, 2019, we filed paperwork with the Secretary of State of Nevada to dissolve our wholly owned subsidiary, 2050 Motors, Inc., a Nevada corporation, and that dissolution went effective on or around May 17, 2019.

On May 15, 2019, based on due diligence and research by management and the Company’s advisors, the Board of Directors of 2050 Motors, Inc., a California corporation, approved stop action orders on 162,846,149 common shares held by former management, employees, affiliates and representatives of the Company. Accordingly, management has directed the Company’s transfer agent to prohibit the transfer or sale of any shares associated with their certificates. Pending investigation of the providence of these shares and proof of consideration for said shares, these shares will remain frozen indefinitely and subject to the Company’s powers of enforcement and the rules of law.

On May 17, 2019, a third-party lender converted $4,668 principal and $2,414 interest of a debenture into 39,342,800 common shares.

On May 20, 2019, we appointed Charlie Szoradi to our Advisory Board to guide us in the DC-PoE/LED marketplace and related markets. Charlie Szoradi is the founder of Independence LED Lighting, one of the first authentic U.S. manufacturers of high-efficiency LED fixtures and a lighting solutions provider with comprehensive support services for property owners, managers, and sales partners. As compensation, as with all of 2050 Motors’ previously announced Advisory Board members, Charlie Szoradi was issued ten (10) million common stock purchase warrants with a strike price of $0.01 and a three-year expiration.

On May 24, 2019, a third-party lender converted $11,700 principal of a debenture into 78,000,000 common shares.

On May 26, 2019, we extended the closing deadline from May 17, 2019 to June 28, 2019 for our definitive agreement to acquire 50% of CLEC Networks, Inc (“CLEC”), a Delaware Corporation currently 100%-owned by EDGE FiberNet, Inc., a Delaware Corporation. This represents the second such extension to the original Agreement that was executed on April 18, 2019. We are currently discussing further extensions to this Agreement pending our return to current filing status with the SEC. After the planned closing, CLEC Networks intends to change its name to 2050Tel and deploy a facilities-based competitive telecommunications carrier in the Northeast providing Origination Carrier Services, including DIDs, ports and hosting to providers of VoIP (Voice over Internet Protocol) and UCaaS (Unified Communications as a Service). 2050Tel will also introduce services directly to consumers and businesses. The 2050tel planned offering, which has been successfully deployed and proven by management in another entity, will target a market currently dominated by Level 3 (CenturyLink) and Bandwidth.com. The purchase agreement has since expired but both parties are currently negotiating a revised transaction, though there can be no assurances.

On June 7, 2019, 2050 Motors, Inc. aka 2050 Corp. executed a Letter of Intent (“LOI”) with LVG1, an LLC d/b/a UNDERground Villas & Hotels (“LVG1” or “UVH”; https://undergroundvh.com/), under which 2050 will purchase 10% of LVG1’s equity or similar economic interest in exchange for 100,000 1% Series B Preferred Shares of 2050 convertible into 100,000,000 restricted common shares of 2050. Under the terms, LVG1 shall be issued a right to spin-off or spin-out via a public offering to 2050 shareholders during the three years subsequent to execution of closing documents. Meanwhile, 2050 shall be issued a right of participation in future UNDERground funding rounds through year-end 2022 at its 10% ownership threshold. UVH is owner and operator of a branded portfolio of consumer products and services targeting the global travel and entertainment industries, with access to over 33,000 villas and resort properties worldwide using a wholesale e-commerce platform. UVH has active engagements today in the travel, tourism, eSports, and cannabidiol (“CBD”) markets, with contracts signed or under negotiation with well-known operators, teams, consumer brands and distributors targeting multiple nationwide retailers with tens of thousands of points of sale. It is 2050’s intent to leverage the UVH name across its cannabis social network currently under development @ www.kanab.club including embedding UVH on a co-branded or similar basis into its planned Kanab Club e-commerce marketplace. UVH’s substantial branding and consumer traffic are expected to provide a natural complement to Kanab Club by populating its platform with users. Concurrently with the signing of the LOI, 2050 has extended an offer to LVG1’s owner, James Donnellan (https://www.linkedin.com/in/jamesdonnellan/), an experienced businessman in the trade, travel, media and CBD industries, to join its Advisory Board.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and 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. Actual results could differ from those estimates.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

We adopted ASC Topic 820, “Fair Value Measurements and Disclosures,”, which requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of valuation hierarchy are defined as follows:

Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.

Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

Level 3 inputs to the valuation methodology are unobservable in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Derivative Financial Instruments-Level 3

Derivatives are recorded on the condensed balance sheet at fair value. The conversion features of the convertible notes are embedded derivatives and are separately valued and accounted for on the balance sheet with changes in fair value recognized during the period of change as a separate component of other income/expense. We use the binomial option-pricing model for determining the fair value of our derivatives. The model uses market-sourced inputs such as interest rates and stock price volatilities. Selection of these inputs involves management’s judgment and may impact net income.

Assets and liabilities measured at fair value are as follows as of March 31, 2019

	Total	Level 1		Level 2		Level 3
Liabilities
Derivative liability	$	$	-	$	-	$	1,664,226
Total liabilities measured at fair value	$	$	-	$	-	$	1,664,226

Assets and liabilities measured at fair value are as follows as of December 31, 2018:

	Total	Level 1		Level 2		Level 3
Liabilities
Derivative liability	$	$	-	$	-	$	876.058
Total liabilities measured at fair value	$	$	-	$	-	$	876,058

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

Balance as of December 31, 2018	$	876,058
Fair value of derivative liabilities issued		43,833
Loss on change in derivative liabilities		757,586
Reclassify to equity upon payoff or conversion		(13,251)
Balance as of March 31, 2019	$	1,664,226

Earnings Per Share (EPS)

Earnings Per Share (EPS)

Basic EPS is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares, warrants and stock options had been issued and if the additional common shares were dilutive. Diluted EPS is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options and the if-converted method for the outstanding convertible preferred shares. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, convertible outstanding instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). During the three-month periods ended March 31, 2019 and March 31, 2018, the Company generated no revenues and incurred substantial losses, of which the vast majority were due to mostly non-cash charges for accrued interest, penalties and derivative charges related to convertible debt instruments. Therefore, the effect of any common stock equivalents on EPS is anti-dilutive during those periods.

Concentration of Credit Risk

Concentration of Credit Risk

Cash is mainly maintained by one highly qualified institution in the United States. At no time were such amounts in excess of federally insured limits. Management does not believe that the Company is subject to any unusual financial risk beyond the normal risk associated with commercial banking relationships. The Company has not experienced any losses on our deposits of cash.

Recently Adopted Accounting Policies

Recently Adopted Accounting Policies:

In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes all existing revenue recognition requirements, including most industry specific guidance. This new standard requires a company to recognize revenues when it transfers goods or services to customers in an amount that reflects the consideration that the company expects to receive for those goods or services. The FASB subsequently issued the following amendments to ASU No. 2014-09 that have the same effective date and transition date: ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations; ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing; ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients; and ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. The Company adopted these amendments with ASU 2014-09 (collectively, the new revenue standards).

The new revenue standards became effective for the Company on January 1, 2018 and were adopted using the modified retrospective method. The adoption of the new revenue standards as of January 1, 2018 did not change the Company’s revenue recognition as the majority of its revenues continue to be recognized when the customer takes control of its product. As the Company did not identify any accounting changes that impacted the amount of reported revenues with respect to its product revenues, no adjustment to retained earnings was required upon adoption.

In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (Topic 718). ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. ASU 2017-09 is effective for interim periods and fiscal years beginning after December 15, 2017, and early application is permitted. The implementation of ASU 2017-09 did not have a material effect on the Company’s consolidated financial statements.

In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires an entity to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. For public companies, ASU 2016-02 was effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, and requires a modified retrospective adoption, with early adoption permitted. The implementation of ASU 2016=02 did not have a material effect on the Company’s consolidated financial statements.

In July 2017, the FASB issued ASU No. 2017-11 Part I, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815). ASU 2017-11 Part I changes the classification analysis of certain equity linked financial instruments with down round features. ASU 2017-11 Part I is effective, for public business entities, for interim periods and fiscal years beginning after December 15, 2018, and early application is permitted. The implementation of ASU 2017-11 did not have a material effect on the Company’s consolidated financial statements.

Reclassification

Reclassification

Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no material effect on the reported results of operations or cash flow.

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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Schedule of Fair Value of Assets and Liabilities

Assets and liabilities measured at fair value are as follows as of March 31, 2019

	Total	Level 1		Level 2		Level 3
Liabilities
Derivative liability	$	$	-	$	-	$	1,664,226
Total liabilities measured at fair value	$	$	-	$	-	$	1,664,226

Assets and liabilities measured at fair value are as follows as of December 31, 2018:

	Total	Level 1		Level 2		Level 3
Liabilities
Derivative liability	$	$	-	$	-	$	876,058
Total liabilities measured at fair value	$	$	-	$	-	$	876,058

Schedule of Reconciliation of Derivative Liability

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

Balance as of December 31, 2018	$	876,058
Fair value of derivative liabilities issued		43,833
Loss on change in derivative liabilities		757,586
Reclassify to equity upon payoff or conversion		(13,251)
Balance as of March 31, 2019	$	1,664,226

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Convertible Note Payables (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Derivative Liability in Accompanying Interim Financial Statements

As of March 31, 2019, the Company had the following third-party convertible notes outstanding:

	Lender	Origination	Maturity	Amount			Interest
Note #1*	Auctus	1/6/17	2/6/18	$	69,046			22.0	%
Note #2*	JSJ	4/25/17	1/26/18		11,554			18.0	%
Note #3*	Crown Bridge	9/15/17	9/15/18		5,422			10.0	%
Note #4*	LG	11/14/17	11/14/18		22,754			12.0	%
Note #5*	PowerUp 5	1/24/18	10/30/18		6,320			22.0	%
Note #6*	PowerUp 6	2/22/18	11/30/18		56,235			22.0	%
Note #7*	PowerUp 7	4/11/18	1/30/19		22,500			22.0	%
Note #8*	PowerUp 8	4/27/18	2/15/19		32,250			22.0	%
Note #9*	Jabro 1	7/23/18	4/30/19		21,000			12.0	%
Note #10*	Jabro 2	10/01/18	7/15/19		11,500			12.0	%
Note #11*	PowerUp 9	11/01/18	8/30/19		14,700			12.0	%
Note #12*	PowerUp 10	3/08/19	01/15/20		28,000			22.0	%
Note #13*	Other	3/16/17	4/1/18		10,000			12.0	%
Total				$	311,281
less discount					(92,431	)
Net				$	218,850

*Note is currently in default.

Schedule of Fair Value Assumption

The variables used for the Binomial model are as listed below:

	March 31, 2018	March 31, 2019
●	Volatility: 253% - 286%	Volatility: 191% - 301%
●	Risk free rate of return: 1.28%- 1.76%	Risk free rate of return: 1.93% - 1.99%
●	Expected term: 1-11 months	Expected term: 1-10 months

XML

Summary of Significant Accounting Policies - Schedule of Fair Value of Assets and Liabilities (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Derivative liability
Total liabilities measured at fair value
Level 1 [Member]
Derivative liability
Total liabilities measured at fair value
Level 2 [Member]
Derivative liability
Total liabilities measured at fair value
Level 3 [Member]
Derivative liability	1,664,226	876,058
Total liabilities measured at fair value	$ 1,664,226	$ 876,058

XML

Summary of Significant Accounting Policies - Schedule of Reconciliation of Derivative Liability (Details)	3 Months Ended
	Mar. 31, 2019 USD ($)
Accounting Policies [Abstract]
Balance, beginning	$ 876,058
Fair value of derivative liabilities issued	43,833
Loss on change in derivative liabilities	757,586
Reclassify to equity upon payoff or conversion	(13,251)
Balance, ending	$ 1,664,226

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Going Concern (Details Narrative) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (6,919,781)	$ (5,960,691)
Working capital	$ (2,959,855)

XML

Vehicle Deposits (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2018	Mar. 31, 2018
Deposits [Abstract]
Vehicle deposits		$ 24,405
Wrote-off value on vehicle deposit	$ 0

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License Agreement (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2013	Dec. 31, 2012
Impairment losses related to license		$ 50,000
License [Member]
Total payment incurred for license agreement			$ 50,000	$ 50,000

XML

Convertible Note Payables (Details Narrative) - USD ($)		3 Months Ended
	Jan. 06, 2017	Mar. 31, 2019	Mar. 31, 2018
Debt payment percentage	150.00%
Convertible note payables		$ 69,046
Default penalty		813,299
Liquidated damaged penalties, per day		2,000
Debt conversion shares issued, value		$ 14,958
Debt conversion shares issued		98,106,500
Amortized of debt discount		$ 152,370	$ 71,095
Interest expense		$ 14,781	$ 179,944
Third Parties [Member]
Debt interest rate		22.00%
Third Parties [Member] | Minimum [Member]
Debt interest rate		10.00%
Third Parties [Member] | Maximum [Member]
Debt interest rate		12.00%

XML

Convertible Note Payables - Schedule of Derivative Liability in Accompanying Interim Financial Statements (Details)	3 Months Ended
	Mar. 31, 2019 USD ($)
Total convertible notes payable	$ 311,281
less discount	(92,431)
Convertible note payables, net	$ 218,850
Note #1 [Member]
Lender	Auctus	[1]
Origination Date	Jan. 06, 2017	[1]
Maturity	Feb. 06, 2018	[1]
Interest	22.00%	[1]
Total convertible notes payable	$ 69,046	[1]
Note #2 [Member]
Lender	JSJ	[1]
Origination Date	Apr. 25, 2017	[1]
Maturity	Jan. 26, 2018	[1]
Interest	18.00%	[1]
Total convertible notes payable	$ 11,554	[1]
Note #3 [Member]
Lender	Crown Bridge	[1]
Origination Date	Sep. 15, 2017	[1]
Maturity	Sep. 15, 2018	[1]
Interest	10.00%	[1]
Total convertible notes payable	$ 5,422	[1]
Note #4 [Member]
Lender	LG	[1]
Origination Date	Nov. 14, 2017	[1]
Maturity	Nov. 14, 2018	[1]
Interest	12.00%	[1]
Total convertible notes payable	$ 22,754	[1]
Note #5 [Member]
Lender	PowerUp 5	[1]
Origination Date	Jan. 24, 2018	[1]
Maturity	Oct. 30, 2018	[1]
Interest	22.00%	[1]
Total convertible notes payable	$ 6,320	[1]
Note #6 [Member]
Lender	PowerUp 6	[1]
Origination Date	Feb. 22, 2018	[1]
Maturity	Nov. 30, 2018	[1]
Interest	22.00%	[1]
Total convertible notes payable	$ 56,235	[1]
Note #7 [Member]
Lender	PowerUp 7	[1]
Origination Date	Apr. 11, 2018	[1]
Maturity	Jan. 30, 2019	[1]
Interest	22.00%	[1]
Total convertible notes payable	$ 22,500	[1]
Note #8 [Member]
Lender	PowerUp 8	[1]
Origination Date	Apr. 27, 2018	[1]
Maturity	Feb. 15, 2019	[1]
Interest	22.00%	[1]
Total convertible notes payable	$ 32,250	[1]
Note #9 [Member]
Lender	Jabro 1	[1]
Origination Date	Jul. 23, 2018	[1]
Maturity	Apr. 30, 2019	[1]
Interest	12.00%	[1]
Total convertible notes payable	$ 21,000	[1]
Note #10 [Member]
Lender	Jabro 2	[1]
Origination Date	Oct. 01, 2018	[1]
Maturity	Jul. 15, 2019	[1]
Interest	12.00%	[1]
Total convertible notes payable	$ 11,500	[1]
Note #11 [Member]
Lender	PowerUp 9	[1]
Origination Date	Nov. 01, 2018	[1]
Maturity	Aug. 30, 2019	[1]
Interest	12.00%	[1]
Total convertible notes payable	$ 14,700	[1]
Note #12 [Member]
Lender	PowerUp 10	[1]
Origination Date	Mar. 08, 2019	[1]
Maturity	Jan. 15, 2020	[1]
Interest	22.00%	[1]
Total convertible notes payable	$ 28,000	[1]
Note #13 [Member]
Lender	Other	[1]
Origination Date	Mar. 16, 2017	[1]
Maturity	Apr. 01, 2018	[1]
Interest	12.00%	[1]
Total convertible notes payable	$ 10,000	[1]

[1] Note is currently in default.

XML

Convertible Note Payables - Schedule of Fair Value Assumption (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Minimum [Member]
Expected term	1 month	1 month
Maximum [Member]
Expected term	10 months	11 months
Measurement Input, Price Volatility [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages	1.91	2.53
Measurement Input, Price Volatility [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages	3.01	2.86
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages	0.0193	0.0128
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages	0.0199	0.0176

XML

Commitments and Contingencies (Details Narrative) - USD ($)		3 Months Ended
	Mar. 01, 2014	Mar. 31, 2019	Mar. 31, 2018
Lease term	3 years
Lease monthly payment	$ 2,200
Lease term expiration date	Apr. 30, 2017
Rent expense		$ 0	$ 6,600
Cost of airbags		$ 2,000,000
Aoxin License [Member]
Wrote down the value			$ 0

XML

Revolving Line of Credit- Related Party (Details Narrative)	3 Months Ended		12 Months Ended
	Mar. 31, 2019 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($) Integer
Cash payments		$ 1,458
Outstanding balance on loan	$ 0
Revolving Line of Credit Agreement [Member]
Line of credit amount			$ 100,000
Line of credit interest rate			12.00%
Line of credit due date			Dec. 31, 2018
Percentage of debt discount lowest trading price			50.00%
Debt discount lowest trading days | Integer			15

XML

Equity (Details Narrative) - USD ($)				3 Months Ended		12 Months Ended
	Mar. 27, 2019	Mar. 08, 2019	Mar. 06, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2016	Dec. 31, 2018
Debt conversion shares issued, value				$ 14,958
Debt conversion shares issued				98,106,500
Preferred stock, shares authorized				10,000,000			10,000,000
Preferred stock voting rights			Each share converts into one common share, has 10,000 votes on every corporate matter requiring a shareholder vote, has a par value of $0.0001, and pays an annual dividend at the option of the Company of $0.01.
Shares issued during period for services						3,200,000
Shares issued during period for services, value					$ 45,000	$ 256,480
Minimum [Member]
Stock issued, per share						$ 0.075
Maximum [Member]
Stock issued, per share						$ 0.157
BKS Cambria, LLC [Member]
Number of common stock returned	84,770,115
United Biorefineries, Inc [Member]
Number of common stock returned	53,347,701
Convertible Promissory Note [Member]
Borrowing amount		$ 28,000
Net funding amount after expenses		$ 25,000
Debt interest rate		12.00%
Debt instrument maturity date		Jan. 15, 2020
Series C Preferred Stock [Member]
Preferred stock, shares authorized			1,000,000
Preferred stock, par value			$ 0.0001
Dividend of option per share			$ 0.01
Issuance for Marketing Services [Member]
Shares issued during period for services						825,000
Stock issued, per share						$ 0.1497
Shares issued during period for services, value						$ 125,000
Vikram Grover [Member]
Officer compensation, per month			$ 12,500
Compensation payable in cash			$ 7,500
Officer compensation, description			Vikram Grover was appointed our President, Chief Executive Officer, Chief Financial Officer, Secretary and Director. Mr. Grover's compensation consists of $12,500 per month, of which $5,000 is payable in cash while the Company is delinquent in its SEC filings and the balance to be accrued and payable in cash or stock on December 31 of each calendar year. Upon bringing the Company current with its SEC filings, Mr. Grover will be compensated $12,500 per month, of which $7,500 is payable in cash and $5,000 will be accrued and payable in cash or stock on December 31 of each calendar year. Additionally, upon bringing the Company current with its SEC filings, Mr. Grover will be issued 100 million common stock purchase warrants with a $0.001 exercise price and a three-year expiration. If the Company's common stock closes over $0.01 for 10 consecutive trading sessions, Mr. Grover shall be issued an additional 100 million common stock purchase warrants with a $0.001 strike price and a three-year expiration.
Accrued and payable (cash or stock)			$ 5,000
Number of common stock purchase warrants shares			100,000,000	100,000,000
Warrant exercise price per share			$ 0.001	$ 0.001
Warrant term			3 years
Vikram Grover [Member] | Additional Warrants [Member]
Number of common stock purchase warrants shares			100,000,000	100,000,000
Warrant exercise price per share			$ 0.001	$ 0.001
Warrant term			3 years
Vikram Grover [Member] | During Delinquent Period [Member]
Officer compensation, per month			$ 12,500
Compensation payable in cash			$ 5,000

XML

Warrants and Options (Details Narrative) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 06, 2019
Four Executives [Member]
Number of common stock purchase warrants shares	40,000,000
Vikram Grover [Member]
Number of common stock purchase warrants shares	100,000,000	100,000,000
Warrant strike price per share	$ 0.001	$ 0.001
Warrant issuance description	Subsequent to the end of the quarter, four executives were added to a newly created Advisory Board and were issued a total of forty million warrants (see Note 12 - Subsequent Events for further information). Further, our CEO, Vikram Grover, will be issued 100 million warrants with a strike price of $0.001 upon bring the Company current with its SEC reporting requirements, with an additional 100 million warrants with a strike price of $0.001 due upon our common stock closing at or above $0.01 for ten consecutive trading sessions.
Vikram Grover [Member] | Additional Warrants [Member]
Number of common stock purchase warrants shares	100,000,000	100,000,000
Warrant strike price per share	$ 0.001	$ 0.001

XML

Subsequent Events (Details Narrative)												3 Months Ended
	Jun. 07, 2019 VillasAndResort shares	May 24, 2019 USD ($) shares	May 17, 2019 USD ($) shares	May 15, 2019 shares	May 05, 2019 USD ($) shares	Apr. 22, 2019 shares	Apr. 18, 2019 USD ($) shares	Apr. 10, 2019 USD ($) shares	Apr. 08, 2019 $ / shares shares	Apr. 07, 2019 $ / shares shares	Mar. 06, 2019 USD ($) $ / shares shares	Mar. 31, 2019 USD ($) $ / shares shares	May 26, 2019	May 20, 2019 $ / shares shares	May 13, 2019 USD ($)	Apr. 12, 2019 $ / shares shares	Apr. 01, 2019 $ / shares shares	Mar. 19, 2019 ft²	Dec. 31, 2018 USD ($) shares
Debt conversion shares issued, value | $												$ 14,958
Debt conversion shares issued												98,106,500
Preferred stock, shares authorized												10,000,000							10,000,000
Preferred stock voting rights											Each share converts into one common share, has 10,000 votes on every corporate matter requiring a shareholder vote, has a par value of $0.0001, and pays an annual dividend at the option of the Company of $0.01.
Debt interest amount | $												$ 37,268							$ 49,740
EDGE FiberNet, Inc [Member]
Area of land | ft²																		4,000
TFPC [Member]
Ownership percentage											80.00%
Corporate note amount | $											$ 50,000
Debt interest rate											8.00%
Vikram Grover [Member]
Number of common stock purchase warrants shares											100,000,000	100,000,000
Warrant strike price per share | $ / shares											$ 0.001	$ 0.001
Warrant term											3 years
Subsequent Event [Member]
Debt instrument ownership threshold	10.00%
Number of villas and resort | VillasAndResort	33,000
Subsequent Event [Member] | Series B Preferred Stock [Member]
Preferred stock, shares authorized										6,000,000
Conversion of stock description										Each share converts into 1,000 common shares, votes on an as converted basis, has a par value of $0.001, and pays a cumulative annual dividend in cash or in kind of $0.01.
Number of stock converted	100,000									1,000
Preferred stock, par value | $ / shares										$ 0.001
Annual dividend in cash or in kind | $ / shares										$ 0.01
Subsequent Event [Member] | Series A Preferred Stock [Member]
Preferred stock, shares authorized									3,000,000
Preferred stock dividend, per share | $ / shares									$ 0.01
Preferred stock voting rights									Each share remains convertible into one common share and has 50 votes on corporate matters.
Number of stock transferred									2,000,000
Subsequent Event [Member] | Series A Preferred Stock [Member] | Minimum [Member]
Preferred stock, par value | $ / shares
Subsequent Event [Member] | Series A Preferred Stock [Member] | Maximum [Member]
Preferred stock, par value | $ / shares									$ 0.0001
Subsequent Event [Member] | EDGE FiberNet, Inc [Member]
Number of common stock purchase warrants shares																	10,000,000
Warrant strike price per share | $ / shares																	$ 0.005
Warrant term																	3 years
Subsequent Event [Member] | EDGE FiberNet, Inc [Member] | Common Stock [Member]
Number of stock converted							100,000,000
Subsequent Event [Member] | EDGE FiberNet, Inc [Member] | Series B Preferred Stock [Member]
Number of stock converted							100,000
Subsequent Event [Member] | Michael Shevack [Member]
Number of common stock purchase warrants shares																10,000,000
Warrant strike price per share | $ / shares																$ 0.01
Warrant term																3 years
Subsequent Event [Member] | CLEC Networks, Inc [Member]
Percentage for acquired interest							50.00%
Funding commitment, amount | $							$ 150,000
Subsequent Event [Member] | CLEC Networks, Inc [Member] | Definitive Agreement [Member]
Percentage for acquired interest													50.00%
Subsequent Event [Member] | ERide Club Corp [Member] | Common Stock [Member]
Number of stock converted						100,000,000
Common stock return percentage						10.00%
Subsequent Event [Member] | ERide Club Corp [Member] | Series B Preferred Stock [Member]
Number of stock converted						100,000
Subsequent Event [Member] | LVG1 [Member]
Percentage for acquired interest	10.00%
Subsequent Event [Member] | Third Party Lender [Member]
Debt conversion shares issued, value | $		$ 11,700	$ 4,668
Debt conversion shares issued		78,000,000	39,342,800
Debt interest rate															12.00%
Convertible debenture | $															$ 12,500
Debt interest amount | $			$ 2,414
Subsequent Event [Member] | Charlie Szoradi [Member]
Number of common stock purchase warrants shares														10,000,000
Warrant strike price per share | $ / shares														$ 0.01
Warrant term														3 years
Subsequent Event [Member] | Delaware Corporation [Member] | EDGE FiberNet, Inc [Member]
Percentage for acquired interest													100.00%
Subsequent Event [Member] | Restricted Common Shares [Member]
Number of stock converted	100,000,000
Subsequent Event [Member] | Aldo Baiocchi [Member]
Number of common stock purchase warrants shares																	10,000,000
Warrant strike price per share | $ / shares																	$ 0.01
Warrant term																	3 years
Subsequent Event [Member] | Ted Flomenhaft [Member]
Number of common stock purchase warrants shares																	10,000,000
Warrant strike price per share | $ / shares																	$ 0.01
Warrant term																	3 years
Subsequent Event [Member] | Third-Party Lender [Member]
Debt conversion shares issued, value | $								$ 13,273
Debt conversion shares issued								66,363,000
Subsequent Event [Member] | Vikram Grover [Member] | Mobicard Inc [Member] | Securities Purchase Agreement [Member]
Preferred stock voting rights					1,000 votes on corporate matters
Number of shares issued, value | $					$ 483,000
Number of shares issued					210,000,000
Subsequent Event [Member] | Vikram Grover [Member] | Mobicard Inc [Member] | Securities Purchase Agreement [Member] | Common Stock [Member]
Number of stock converted					1,000
Subsequent Event [Member] | Vikram Grover [Member] | Mobicard Inc [Member] | Series B Preferred Stock [Member] | Securities Purchase Agreement [Member]
Number of shares issued					400,000
Subsequent Event [Member] | Board of Directors [Member] | Former Management, Employees, Affiliates and Representatives [Member]
Number of shares issued				162,846,149