Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 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 June 30, 2018.

 

    Total     (Level 1)     (Level 2)     (Level 3)  
Fair-value – equity securities   $ 260,000     $ -     $ -     $ 260,000  
Total Assets measured at fair value   $ 260,000     $ -     $ -     $ 260,000  

 

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 June 30, 2018     180,000  
         
Ending Balance as of June 30, 2018   $ 260,000  

Schedule of Property and Equipment

Property and equipment as of June 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         7,026       5,258  
Property and Equipment, net       $ 4,515     $ 4,722