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	)