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Significant and Critical Accounting Policies and Practices (Tables)
 12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Consolidated Interest in Controlling Entities

The consolidated financial statements include all accounts of the entities as of the reporting period ending date(s) and for the reporting period(s) as follows:

 

Name of consolidated
subsidiary or entity		   State or other jurisdiction of
incorporation or organization		   Date of incorporation
or formation (date of
acquisition, if applicable)		   Attributable interest  
               
KTC Corp.   The State of Nevada, U.S.A.   September 20, 2010     100 %
                 
Kicking the Can L.L.C.   The State of Delaware, U.S.A.   April 17, 2009     100 %
                 
Wizard World Digital, Inc.   The State of Nevada, U.S.A.   March 18, 2011     100 %
                 
Wiz Wizard, LLC   The State of Delaware, U.S.A.   December 29, 2014     100 %
                 
ButtaFyngas, LLC   The State of Delaware, U.S.A.   April 10, 2015     50 %
Schedule of Inventories

Inventories are stated at average cost using the first-in, first-out (FIFO) valuation method. Inventory was comprised of the following:

 

    December 31, 2016     December 31, 2015  
Finished goods   $ -     $ 39,552  
Schedule of Estimated Useful Life

Depreciation is computed by the straight-line method (after taking into account their respective estimated residual values) over the estimated useful lives of the respective assets as follows:

 

    Estimated Useful
Life (Years)		  
       
Computer equipment     3  
         
Equipment     2-5  
         
Furniture and fixture     7  
         
Leasehold improvements     *  

 

(*) Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever period is shorter.
Schedule of Weighted Average Assumptions

The Company utilized the following management assumptions in valuing the derivative conversion feature during the year ended December 31, 2016:

 

Exercise price   $ 0.12 - 0.15  
Risk free interest rate     1.14% – 1.93 %
Dividend yield     0.00 %
Expected volatility     94% - 115 %
Remaining term     2 to 5 years  
Schedule of Fair Value Measured on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheets as follows:

 

          Fair Value Measurement Using  
    Carrying Value     Level 1     Level 2     Level 3     Total  
                               
Embedded conversion feature   $ 3,298,000     $ -     $ -     $ 3,298,000     $ 3,298,000  
Warrant liability     3,200,137       -       -       3,200,137       3,200,137  
December 31, 2016   $ 6,498,737     $ -     $ -     $ 6,498,737     $ 6,498,737  
Schedule of Fair Value Assets on Recurring Basis

The following table provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets measured at fair value on a recurring basis using significant unobservable inputs during the year ended December 31, 2016.

 

    Warrants     Convertible Note     Total  
Balance – December 31, 2015   $  -     $  -     $  -  
Issuance of derivative liabilities     5,206,444       2,294,435       7,500,879  
Extinguishment of derivative liability from exercise of warrants     (2,831,851 )     -       (2,831,851 )
Change in fair value of derivative liability     825,544       1,004,165       1,829,709  
Balance – December 31, 2016   $ 3,200,137     $ 3,298,000     $ 6,498,737  
Schedule of Contingent Share Issuance Arrangements, Stock Options and Warrants

The following table shows the outstanding dilutive common shares excluded from the diluted net income (loss) per share calculation as they were anti-dilutive:

 

    Contingent shares issuance
arrangement, stock options or warrants		  
    For the Year
Ended
December 31, 2016		     For the Year
Ended
December 31, 2015		  
             
Convertible note     16,666,667       -  
Common stock options     5,319,000       9,933,500  
Common stock warrants     16,666,667       -  
                 
Total contingent shares issuance arrangement, stock options or warrants     38,652,334       9,933,500