NOTES PAYBALE (Details Narrative) - Predecessor [Member] - USD ($) |
11 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Oct. 01, 2014 |
Nov. 30, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Advance | $ 257,100 | $ 144,939 | ||
Repayment of notes | 174,338 | 104,044 | ||
Accretion of debt discount | 29,039 | |||
Debt discount | 31,500 | 29,039 | ||
Total balance due | 40,895 | |||
Interest expense | 130,499 | 52,772 | ||
10% Note Payable due June 1, 2016 [Member] | Menno Holterman [Member] | ||||
Total balance due | 459,681 | $ 181,408 | ||
Additional borrowings | 157,442 | 278,273 | ||
10% Note Payable due June 1, 2016 [Member] | Menno Holterman [Member] | Other (income) expense [Member] | ||||
Interest expense | $ 46,144 | $ 24,963 | ||
10% Note Payable due June 1, 2016 [Member] | Mr. Joseph Segelman [Member] | ||||
Principle amount | $ 50,000 | |||
Imputed interest | $ 50,000 |
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- Definition Refers to additonal face (par) amount of debt instrument at time of issuance. No definition available.
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- Definition Imputed Interest refers to interest that is considered by the IRS to have been paid for tax purposes, even if no interest payment was made. The IRS uses imputed interest as a tool to collect tax revenues on loans that don't pay interest, or stated interest is very low. No definition available.
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- Definition Refundable consideration, usually cash, held by the entity pending satisfactory completion of the entity's obligations or pending the closing of a contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of accretion of discount for the standardized measure of discounted future net cash flow related to proved oil and gas reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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