Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of Fair Value of Assets on Recurring Basis

The following table presents certain assets of the Company’s measured and recorded at fair value on the Company’s balance sheet on a recurring basis and their level within the fair value hierarchy as of September 30, 2018.

 

    Total     (Level 1)     (Level 2)     (Level 3)  
Fair-value – equity securities   $ 255,000     $ -     $ -     $ 255,000  
Total Assets measured at fair value   $ 255,000     $ -     $ -     $ 255,000  

 

The following table presents certain assets of the Company’s measured and recorded at fair value on the Company’s balance sheet on a recurring basis and their level within the fair value hierarchy as of December 31, 2017.

 

    Total     (Level 1)     (Level 2)     (Level 3)  
Fair-value – equity securities   $ 80,000     $ -     $ -     $ 80,000  
Total Assets measured at fair value   $ 80,000     $ -     $ -     $ 80,000  

Schedule of Reconciliation of Level 3 Assets

The following is a reconciliation of the level 3 Assets:

 

Beginning Balance as of January 1, 2018   $ 80,000  
         
Unrealized gain on (level 3) asset September 30, 2018     175,000  
         
Ending Balance as of September 30, 2018   $ 255,000  

Schedule of Property and Equipment

Property and equipment as of September 30, 2018 and December 31, 2017 consisted of the following:

 

    Estimated            
    Useful Lives   2018     2017  
Computer equipment & Software   3 yrs SL   $ 5,358     $ 5,358  
                     
Website Software   3 yrs SL     1,561       -  
Furniture   3 yrs SL     4,622       4,622  
Total         11,541       9,980  
Less Accumulated Depreciation         7,910       5,258  
Property and Equipment, net       $ 3,631     $ 4,722