v3.19.2

DISCONTINUED OPERATIONS | 12 Months Ended
--- | ---
Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | NOTE 3: DISCONTINUED OPERATIONS On November 27, 2017, the Company entered into a Subscription Agreement with Mr. Dror Svorai, the current CEO of the Company, for the purchase of 1,000,000 shares of restricted Series A Convertible Preferred Supermajority voting stock. Pursuant to this agreement, the Company announced a shift in the strategic focus by which the Company has recognized a cessation of it business operations of Rich Cigars in accordance with Accounting Standards Codification (ASC) 205-20 Discontinued Operations. As such, the historical results of the Company have been classified as discontinued operations. As of the year ended December 31, 2017, assets of discontinued operations consisted of property and equipment of $498. During the year ended December 31, 2018 all property and equipment was written off. Results of the discontinued operations for the twelve months ended December 31, 2018 and 2017 are as follows:
|  | Twelve Months Ended December 31, 2018 |  | Twelve Months Ended December 31, 2017
REVENUES |  | $ | — |  |  | $ | 4,606 |
COST OF SALES |  |  | — |  |  |  | 2,382 |
GROSS PROFIT |  |  | — |  |  |  | 2,224 |
OPERATING EXPENSES |  |  |  |  |  |  |  |
Amortization and depreciation expenses |  |  | — |  |  |  | 7,226 |
Marketing expense |  |  | — |  |  |  | 32,095 |
Other general and administrative |  |  | — |  |  |  | 318,244 |
Total operating expenses |  |  | — |  |  |  | 357,565 |
Income (loss) from operations |  | $ | — |  |  | $ | (355,341 | )
|  | Twelve Months Ended December 31, 2018 |  | Twelve Months Ended December 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |
Net Loss from operations |  | $ | — |  |  | $ | (355,341 | )
Adjustments to reconcile net loss to net cash |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | — |  |  |  | 7,226 |
Stock issued for services |  |  | — |  |  |  | 20,000 |
Change in assets and liabilities: |  |  |  |  |  |  |  |
Accounts receivable |  |  | — |  |  |  | 8 |
Prepaid expenses |  |  | — |  |  |  | 12,264 |
Inventory |  |  | — |  |  |  | 13,339 |
Accounts payable and accrued expenses |  |  | — |  |  |  | (12,991 | )
Net cash used in operating activities |  | $ | — |  |  | $ | (315,495 | )

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration