v3.20.1
SUBSEQUENT EVENTS (Details) - USD ($)
1 Months Ended 3 Months Ended 4 Months Ended 8 Months Ended 12 Months Ended
Dec. 09, 2019
Dec. 05, 2019
Nov. 12, 2019
Aug. 14, 2019
May 10, 2019
Mar. 13, 2019
Nov. 30, 2018
Oct. 31, 2018
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2019
Dec. 31, 2018
Aug. 31, 2019
Dec. 31, 2019
Mar. 23, 2019
Nov. 26, 2018
Jul. 30, 2018
Jan. 31, 2018
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Stock Vesting Schedule, Description       PubCo issued the following securities that were not registered under the Securities Act. Except where noted, all the securities stated below were issued in reliance on the exemption under Section 4(a)(2) of the Securities Act. o On or about December 12, 2019, PubCo entered into an agreement to issue 600,000 restricted shares to a non-affiliated service provider as renumeration in lieu of cash fees, on a vesting schedule as follows: 200,000 shares vest upon each of the following milestones: the Company filing its Form 10-K for 2018, the Company filing its three interim Form 10-Qs for 2019, and the Company filing its Form 10-K for 2019. ● Purchase Agreements – The Company entered into the following purchase agreements: o West Coast Business Capital, LLC – On or about November 12, 2019, PubCo entered into a Purchase Agreement with West Coast Business Capital, LLC (“West Coast”). Under the terms of the Purchase Agreement, we agreed to sell West Coast $596,000 of future incoming cashflow from the GreenBox Business, to be delivered to West Coast in daily installments of $5,960, for $400,000, from which $16,000 in fees was deducted, providing us with net cash of $384,000. For accounting purposes, we recorded this transaction as a loan of $400,000, with interest of $196,000, which will be repaid over the following four months. Both Nisan and Errez, individually, signed personal guarantees for this Purchase Agreement. o Fox Capital Group, Inc. – On or about December 5, 2019, PubCo entered into a Secured Merchant Agreement with Fox Capital Group, Inc. (“Fox”). Under the terms of the Secured Merchant Agreement, we agreed to sell Fox $366,000 of future incoming cashflow from the GreenBox Business, to be delivered to Fox in daily installments of $4,073.33, for $260,000, from which $26,000 in fees was deducted, providing us with net cash of $234,000. For accounting purposes, we recorded this transaction as a loan of $260,000, with interest of $106,000, which will be repaid over the following four months. Both Nisan and Errez, individually, signed personal guarantees for this Secured Merchant Agreement. o Complete Business Solutions Group, Inc. – On or about December 9, 2019, PubCo entered into an Agreement for the Purchase and Sale of Future Receivables (the “Purchase and Sale Agreement”) with Complete Business Solutions Group Inc, (“CBSG”).                                
Stock Issued During Period, Shares, Issued for Services (in Shares)       600,000 10,000                              
Debt Instrument, Face Amount                                 $ 300,000   $ 5,700,000  
West Coast Purchase Agreement [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Debt Instrument, Face Amount     $ 596,000           $ 400,000       $ 400,000     $ 400,000        
Debt Instrument, Frequency of Periodic Payment     daily                         daily        
Debt Instrument, Periodic Payment     $ 5,960                         $ 5,960        
Debt Instrument, Fee     $16,000                                  
Proceeds from Sale and Collection of Finance Receivables     $ 384,000                                  
Notes Payable     400,000                                  
Interest Payable     196,000                                  
Debt Instrument, Fee Amount     $ 16,000                                  
Fox Capital Group Secured Merchant Agreement [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Debt Instrument, Face Amount   $ 366,000             260,000       260,000     $ 260,000        
Debt Instrument, Frequency of Periodic Payment   daily                           daily        
Debt Instrument, Periodic Payment   $ 4,073.33                           $ 4,073        
Notes Payable   260,000                                    
Interest Payable   106,000                                    
Debt Instrument, Fee Amount   26,000                                    
Proceeds from Collection of Finance Receivables   $ 234,000                                    
Complete Business Solutions Sale of Future Receivables [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Debt Instrument, Face Amount $ 240,000               200,000       200,000     $ 200,000        
Debt Instrument, Frequency of Periodic Payment weekly                             weekly        
Debt Instrument, Periodic Payment $ 16,000                             $ 16,000        
Proceeds from Sale and Collection of Finance Receivables 19,965                                      
Notes Payable 200,000                                      
Interest Payable 40,000                                      
Debt Instrument, Fee Amount $ 35                                      
Affiliated Entity [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Amount of Annual Processing Capable           $ 1,000,000,000                            
Related Party Transaction, Amounts of Transaction             $ 55,365   124,150             3,000        
Debt Instrument, Face Amount                                   $ 200,000   $ 300,000
Affiliated Entity [Member] | Consulting Fees [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Related Party Transaction, Amounts of Transaction             30,000 $ 1,830 50,000 $ 36,667 $ 30,000 $ 30,000                
Affiliated Entity [Member] | Travel and Relocation Expense Reimbursement [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Related Party Transaction, Amounts of Transaction             $ 23,365   $ 74,150                      
Affiliated Entity [Member] | Monthly Consulting Fee [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Related Party Transaction, Amounts of Transaction                         $ 16,667   $ 10,000          
Affiliated Entity [Member] | Amount of Facilitated Payments by Related Party [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Related Party Transaction, Amounts of Transaction                           $ 184,056   $ 1,397,822        
Affiliated Entity [Member] | Purchase of Equipment [Member]                                        
SUBSEQUENT EVENTS (Details) [Line Items]                                        
Related Party Transaction, Amounts of Transaction                   $ 16,000 $ 22,450