v3.21.2

Nature of Business (Tables) | 6 Months Ended
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Jun. 30, 2020
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. Separated into two division: 12 Fashion Group, Inc., and Bluwire Group, LLC.
Red Wire Group, LLC |  | Utah, USA |  | July 2, 2015 |  | February 19, 2019 |  |  | 100 | % |  | Operations are consolidated into 12 Fashion Group, and this company is closed, and we filed a Chapter 11 Subsection V on March 6, 2020. This was discharged on or about September 2020 and. is permanently closed
Rune NYC, LLC |  | New York, USA |  | Jan 23, 2013 |  | March 14, 2019 |  |  | 92.5 | % |  | Operated by 12 Fashion Group, Inc., an unincorporated division of 12 Retail. Operates contemporary women’s ‘Athleisure’ brand which is primarily sold to retailers.
Bluwire Group, LLC (“Bluwire”) |  | Florida, USA |  | Feb 1, 2010 |  | October 1, 2019 |  |  | 60.5 | % |  | A subsidiary of 12 Retail with 12 brick and mortar stores was acquired.
Social Decay, LLC dba Social Sunday (“Social Sunday”) |  | New Jersey, USA |  | Sept 24, 2014 |  | November 1, 2019 |  |  | 100 | % |  | Operated by 12 Fashion Group Inc., a division of 12 Retail. Operates a contemporary women’s clothing brand primarily sold to wholesalers.
12 Tech Inc |  | Arizona, USA |  | Dec 26,2019 |  | Formed by 12 Retech |  |  | 100 | % |  | As a holding Company to execute the Company’s technology strategy.
12 Hong Kong Limited (“12HK”) |  | Hong Kong, China |  | February 2, 2014 |  | June 27, 2017 |  |  | 100 | % |  | A subsidiary of 12 Tech Inc. Development and sales of technology applications. Services customers in Asia, including Japan.
12 Japan Limited (“12JP”) |  | Tokyo, Japan |  | February 12, 2015 |  | July 31, 2017 |  |  | 100 | % |  | A subsidiary of 12 Tech Inc. Consultation and sales of technology applications. As of June 2020, our Japanese customer (s) is serviced by 12 Hong Kong.
12 Europe AG (“12EU”) |  | Switzerland |  | August 22, 2013 |  | October 26, 2017 |  |  | 100 | % |  | As of September 2019, this company is closed.
12 Fashion Group Inc |  | Arizona, USA |  | June 26, 2020 |  | Formed by 12 Retech |  |  | 100 | % |  | Formed as a subsidiary of 12 Retech to hold and operate the wholesale and Retail fashion and apparel operations.

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- Definition Tabular disclosure of the key aspects of a subsidiary (partnership, corporation, or other entity) of the limited liability company or limited partnership. + References No definition available. + Details
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