v3.19.2

Nature of the Business (Tables) | 6 Months Ended
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Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Principal Subsidiaries | The details of the principal subsidiaries of the Company are set out as follows:
Name of Company |  | Place of Incorporation |  | Date of Incorporation |  |  | Acquisition Date |  | Attributable Equity Interest % |  |  | Business
12 Retail Corporation (“12 Retail”) |  | Arizona, USA |  |  | Sept. 18, 2017 |  |  | Formed by 12 ReTech Corporation |  |  | 100 | % |  | As a holding Company to execute the Company’s roll up acquisition strategy as well as to penetrate the North American market with our technology to select retailers.
12 Hong Kong Limited (“12HK”) |  | Hong Kong, China |  |  | February 2, 2014 |  |  | June 27, 2017 |  |  | 100 | % |  | Development and sales of technology applications
12 Japan Limited (“12JP”) |  | Japan |  |  | February 12, 2015 |  |  | July 31, 2017 |  |  | 100 | % |  | Consultation and sales of technology applications
12 Europe AG (“12EU”) |  | Switzerland |  |  | August 22, 2013 |  |  | October 26, 2017 |  |  | 100 | % |  | Consultation and sales of technology applications.
E-motion Fashion Group, Inc. F/K/A Emotion Apparel, Inc, Lexi Luu Designs, Inc, Punkz Gear, Skipjack Dive and Dancewear, Cleo VII |  | Re-incorporated, in Utah, USA F/K/I in California, USA |  |  | September 9, 2010 Reincorporated on July 6, 2018 and changed its name on July 26, 2018 |  |  | May 1, 2018 |  |  | 100 | % |  | A subsidiary of 12 Retail and is the first microbrand acquired under the microbrand acquisitions roll up strategy. Operates its own production facilities that can be utilized by all of the Company’s future microbrands.
Red Wire Group, LLC |  | Utah |  |  | July 2, 2015 |  |  | February 19, 2019 |  |  | 100 | % |  | A subsidiary of 12 Retail and is the second acquisition in the brand acquisition strategy. Operates its own “cut & sew for independent third parties’ contract to produce clothes
Rune NYC, LLC |  | New York |  |  | Jan 23, 2013. |  |  | March 14, 2019 |  |  | 92.5 | % |  | A subsidiary of 12 Retail and is the third in the brand acquisition. Operates contemporary women’s ‘Athleisure’ brand which is primarily sold to retailers

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