v3.20.1
ACQUIRED ASSETS AND ASSUMED LIABILITIES OF DISCONTINUED OPERATIONS (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Goodwill $ 612,771
Accrued interest 24,626 $ 13,806
Outstanding principal $ 138,500  
Merger Agreement On August 9, 2018, the Board of Directors of the Company through its wholly-owned subsidiary NuLife Acquisition Corp. (“NuLife Sub”) approved and executed an agreement of merger and plan of reorganization (the “Merger Agreement”), to become effective at such time as the articles of merger have been filed with the Secretary of State of Louisiana (the “Effective Time”), and after the satisfaction or waiver by the parties thereto of the conditions set forth in Article VI of the Merger Agreement. Pursuant to the terms of the Merger Agreement, and in exchange for all one hundred (100) issued and outstanding shares of LJR Security Services, Inc. (“LJR”), LJR received one thousand (1,000) shares of series D senior convertible preferred stock, par value $.001 per share (the “Series D Preferred Stock”) of the Company, convertible into fifty million two hundred thirty-nine thousand five hundred forty-one (50,239,541) shares of common stock of the Company. In addition, the LJR shareholder received one share of series C super-voting preferred stock of NuLife which granted the holder 50.1% of the votes of NuLife at all times. The merger was accounted for as a reverse merger, whereby LJR was considered the accounting acquirer and became our wholly-owned subsidiary. In accordance with the accounting treatment for a “reverse merger”, the Company’s historical financial statements prior to the reverse merger has been replaced with the historical financial statements of LJR prior to the reverse merger. The financial statements after completion of the reverse merger include the assets, liabilities, and results of operations of the combined company from and after the closing date of the reverse merger, with only certain aspects of pre-consummation stockholders’ equity remaining in the consolidated financial statements.
Convertible Note A    
Accrued interest $ 715  
Outstanding principal $ 5,000  
Interest rate 8.00%  
Convertible Note B    
Accrued interest $ 4,538  
Outstanding principal $ 50,000  
Interest rate 8.00%  
Convertible Note C    
Accrued interest $ 4,295  
Derivative liability 39,873 $ 111,291
Outstanding principal in default $ 63,500  
Interest rate 5.00%  
Convertible Note D    
Accrued interest $ 1,530  
Outstanding principal $ 20,000  
Interest rate 8.00%  
Convertible Note    
Accrued interest $ 11,078
Outstanding principal 138,500 138,500
Note payable    
Accrued interest 51,179 41,044
Outstanding principal 99,500 $ 117,500
Reverse Merger    
Outstanding principal $ 117,500  
Merger Agreement Pursuant to the terms of the Merger Agreement, and in exchange for all one hundred (100) issued and outstanding shares of LJR Security Services, Inc., LJR received one thousand (1,000) shares of series D senior convertible preferred stock, par value $.001 per share (the Series D Preferred Stock) of the Company, convertible into fifty million two hundred thirty-nine thousand five hundred forty-one (50,239,541) shares of common stock of the Company. In addition, the LJR shareholder received one (1) share of series C super-voting preferred stock of the Company which granted the holder 50.1% of the votes of the Company at all times.  
Note payable (1)    
Accrued interest $ 17,400  
Outstanding principal in default $ 25,000  
Maturity date Jun. 30, 2015  
Interest rate 12.00%  
Note payable (2)    
Accrued interest $ 18,061  
Outstanding principal in default $ 74,500  
Maturity date Oct. 31, 2016  
Interest rate 12.00%  
Note payable (3)    
Accrued interest $ 843  
Outstanding principal $ 18,000  
Maturity date Jul. 31, 2019  
Interest rate 3.00%