v3.8.0.1

ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Schedule of fair value of the consideration paid

		July 31,
Fair Value of Consideration:		2017
5,000,000 shares of common stock		$	2,600,000
500,000 Series A Preferred shares			5,200,000
Total Purchase Price		$	7,800,000

Schedule of assets acquired on acquisition

		July 31,
Fair Value of Consideration:		2017
Assets		$	157,240
Liabilities assumed			(168,890	)
Goodwill			7,811,650
Fair value of total assets		$	7,800,000

Schedule of proforma results of operations

		Nine months ended
		September 30,
		2017				2016
Revenues		$	52,933			$	76,294
Cost of revenues			(503	)			(35,153	)
Gross profit			52,430				41,141
Operating expenses			(8,198,626	)			(181,425	)
Operating loss			(8,146,196	)			(140,284	)
Other income (expense)			(3,244	)			6
Net Loss		$	(8,149,440	)			(140,278	)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- Definition

Tabular disclosure of the equity interest issued or issuable in a business acquisition (or series of individually immaterial business acquisitions) planned, initiated, or completed during the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472

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