Consolidated Variable Interest Entity (Tables)

3 Months Ended

Mar. 31, 2018

Consolidated Variable Interest Entity [Abstract]

Summary of carrying value of the assets and liabilities

	March 31, 2018			December 31, 2017
Assets
Current Assets:
Cash and cash equivalents	$	3,933		$	4,053
Total current assets		3,933			4,053
Total assets	$	3,933		$	4,053

Liabilities and Members’ Deficit
Current Liabilities:
Due to Findex.com, Inc.	$	153,210		$	94,425
Accounts payable		5,379			5,379
Total current liabilities		158,589			99,804
Stockholders’ equity:
Members' investment		263,020			263,020
Accumulated deficit		(417,676	)		(358,771	)
Total members’ deficit		(154,656	)		(95,751	)
Total liabilities and members’ deficit	$	3,933		$	4,053

Net loss	$	(58,905	)	$	(306,021	)

Schedule of variable interest entity transfer from non controlling interest

		2018			2017
Net loss attributable to Findex.com, Inc.	$	(270,065	)	$	(280,804	)
Transfers from the non-controlling interest
Increase in Findex.com, Inc.'s paid-in capital for sale of interest in Variable Interest Entity		—			259,000
Net transfers from non-controlling interest		—			259,000
Change from net income attributable to Findex.com, Inc. shareholders and transfers from non-controlling interest	$	(270,065	)	$	(21,804	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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