DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 3: DISCONTINUED OPERATIONS

On November 27, 2017, the Company entered into a Subscription Agreement 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.

As a result of this shift, the Company has recognized a cessation of it business operations for 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. As of the period ended June 30, 2018 all property and equipment was written off.

Results of the discontinued operations for the six months ended June 30, 2018 and 2017 are as follows:

		Three Months Ended June 30 2018 (Restated)				Three Months Ended June 30 2017				Six Months Ended June 30 2018 (Restated)				Six Months Ended June 30 2017

REVENUES			—				2,109				—				4,606
COST OF SALES			—				731				—				2,382

GROSS PROFIT			—				1,378				—				2,224

OPERATING EXPENSES
Accounting and Audit			—				—				—				6,704
Amortization Expense			—				425				—				850
Depreciation Expenses			—				107				—				214
Legal Fees			—				3,390				—				23,670
Marketing Expense			—				30,333				—				32,095
Meal and Entertainment			—				5,751				—				10,544
Officers Compensation			—				48,183				—				73,648
Other General and Administrative			—				20,347				—				25,249
Professional Fees			—				19,051				—				47,963
Transfer Agent Fees			—				1,381				—				3,051
Travel Expense			—				26,473				—				45,836
Total operating income (expenses)			—				155,441				—				269,824
Income (loss) from operations		$	—			$	(154,063	)		$	—			$	(267,600	)

Cash from discontinued operations for the six months ended June 30, 2018 and 2017 are as follows:

		Six Months Ended June 30 2018				Six Months Ended June 30 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (loss) from operations		$	—			$	(267,600	)
Adjustments to reconcile net loss to net cash
Depreciation and Amortization			—				1,064
Stock issued for services			—				10,000
Change in assets and liabilities:
Accounts receivable			—				—
Prepaid expenses			—				(17,152	)
Inventory			—				13,179
Accounts payable and accrued expenses			—				19,586
Net cash used in operating activities		$	—			$	(240,923	)