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Document and Entity Information - shares
3 Months Ended
Mar. 31, 2018
May 07, 2018
Document and Entity Information [Abstract]    
Entity Registrant Name BLACKSTAR ENTERPRISE GROUP, INC.  
Entity Central Index Key 0001483646  
Document Type 10-Q  
Document Period End Date Mar. 31, 2018  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   52,000,000
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2018  
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash $ 24,695 $ 34,454
Total Current assets 24,695 34,454
Fixed assets    
Furniture and equipment 1,659 1,659
Accumulated depreciation (944) (806)
Total fixed assets 715 853
Other assets    
Notes receivable 145,000 145,000
Total other assets 145,000 145,000
Total Assets 170,410 180,307
Current liabilities    
Accounts payable 187 3,407
Loan payable - related party 18,500 18,500
Total current liabilities 18,687 21,907
Stockholders' Equity    
Preferred stock, 10,000,000 shares authorized with $0.0001 par value. 1,000,000 shares issued outstanding respectively 1,000 1,000
Common stock, 200,000,000 shares authorized with $0.0001 par value. 52,000,000 issued and outstanding at each period respectively 52,000 52,000
Additional paid in capital 1,725,353 1,725,353
Additional paid in capital - warrants 1,430,000 1,430,000
Stock subscriptions received 165,000 60,000
Accumulated deficit (3,221,630) (3,109,953)
Total Stockholders' Equity 151,723 158,400
Total Liabilities and Stockholders' Equity $ 170,410 $ 180,307
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares
Mar. 31, 2018
Dec. 31, 2017
Statement of Financial Position [Abstract]    
Preferred stock, par value per share $ 0.001 $ 0.0001
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 1,000,000 1,000,000
Preferred stock, shares outstanding 1,000,000 1,000,000
Common stock, par value per share $ 0.001 $ 0.0001
Common stock, shares authorized 200,000,000 200,000,000
Common stock, shares issued 52,000,000 52,000,000
Common stock, shares outstanding 52,000,000 52,000,000
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
REVENUE
Cost of revenues
GROSS PROFIT
Operating Expenses:    
Depreciation 138 115
Legal and professional 26,510 16,580
Management consulting 71,000  
Corporate registration expense 7,901  
General and administrative 6,128 3,002
Total operating expenses 111,677 19,697
Income (loss) from operations (111,677) (19,697)
Other income (expense)    
Interest income (expense) 18,000
Other income (expense) net 18,000
Income (loss) before provision for income taxes (111,677) (1,697)
Provision (credit) for income tax
Net income (loss) $ (111,677) $ (1,697)
Net income (loss) per share    
(Basic and fully diluted) $ (0.00) $ (0.00)
Weighted average number of common shares outstanding 52,000,000 55,824,970
STATEMENT OF STOCKHOLDER'S EQUITY - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Paid in Capital [Member]
Stock Subscriptions Received [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2015 $ 11,112 $ 1,484,737 $ (1,839,530) $ (343,681)
Balance, shares at Dec. 31, 2015 11,112,421        
Shares cancelled $ (1,000) 1,000
Shares cancelled, shares (1,000,000)        
Shares exchanged for debt $ 1,313 51,191 52,504
Shares exchanged for debt, shares 1,312,549        
Shares issued for cash $ 44,400 $ 1,000 154,600 200,000
Shares issued for cash, shares 44,400,000 1,000,000        
Warrants issued 1,328,000 1,328,000
Warrants issued for debt 32,000 32,000
Net loss for the period (1,154,285) (1,154,285)
Balance at Dec. 31, 2016 $ 55,825 $ 1,000 3,051,528 (2,993,815) 114,538
Balance, shares at Dec. 31, 2016 55,824,970 1,000,000        
Shares cancelled $ (3,825) 3,825
Shares cancelled, shares (3,825,000)        
Adjust to transfer agent list
Adjust to transfer agent list, shares 30        
Warrants exercised $ 16,320 16,320
Warrants exercised, shares 16,320,000        
Shares surrendered $ (16,320) (16,320)
Shares surrendered, shares (16,320,000)        
New shares issued $ 100 $ 29,900 $ 30,000
New shares issued, shares 100,000        
Shares surrendered $ (100)        
Shares surrendered, shares (100,000) 100
Warrants issued $ 70,000 $ 70,000
Subscriptions received 60,000 60,000
Net loss for the period (116,138) (116,138)
Balance at Dec. 31, 2017 $ 52,000 $ 1,000 3,155,353 60,000 (3,109,953) 158,400
Balance, shares at Dec. 31, 2017 52,000,000 1,000,000        
Warrants issued           1,328,000
Subscriptions received 105,000 105,000
Net loss for the period (111,677) (111,677)
Balance at Mar. 31, 2018 $ 52,000 $ 1,000 $ 3,155,353 $ 165,000 $ (3,221,630) $ 151,723
Balance, shares at Mar. 31, 2018 52,000,000 1,000,000        
STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:    
Net income (loss) $ (111,677) $ (1,697)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 138 115
Changes in operating assets and liabilities    
Increase/(Decrease) in accounts payable (3,220) 6,108
Increase in accrued receivables (18,000)
(Decrease) in Advances
NET CASH USED IN OPERATING ACTIVITIES (114,759) (13,474)
CASH FLOWS USED IN INVESTING ACTIVITIES    
Increase in notes receivable (250,000)
NET CASH USED IN INVESTING ACTIVITIES (250,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in Stock subscriptions received 105,000  
Increase in notes payable - related party 252,500
NET CASH PROVIDED BY FINANCING ACTIVITIES 105,000 252,500
Net Increase (Decrease) In Cash (9,759) (10,974)
Cash At The Beginning Of The Period 34,454 14,175
Cash At The End Of The Period $ 24,695 $ 3,201
NATURE OF OPERATIONS AND BASIS OF PRESENTATION
3 Months Ended
Mar. 31, 2018
Nature Of Operations And Basis Of Presentation  
NATURE OF OPERATIONS AND BASIS OF PRESENTATION

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

BlackStar Enterprise Group, Inc. (the Company” or “BlackStar”) was incorporated in the State of Delaware on December 18, 2007 as NPI08, Inc. (“NPI08”). In January 2010, NPI08 acquired an ownership interest in Black Star Energy Group, Inc., a Colorado Corporation. BlackStar Energy then merged into NPI08, with NPI08 being the surviving entity. Concurrently, NPI08 changed its name to BlackStar Energy Group, Inc. On January 25, 2016, International Hedge Group, Inc. signed an agreement to acquire a 95% interest in the Company. The name was changed to BlackStar Enterprise Group, Inc. in August of 2016.

The Company is a Delaware corporation organized for the purpose of engaging in any lawful business. The Company intends to act as a merchant banking firm seeking to facilitate venture capital to early stage revenue companies. BlackStar intends to offer consulting and regulatory compliance services to crypto-equity companies and blockchain entrepreneurs for securities, tax, and commodity issues. BlackStar is conducting ongoing analysis for opportunities in involvement in crypto-related ventures though a wholly-owned subsidiary, Crypto Equity Management Corp. (“CEMC”).  BlackStar intends to serve businesses in their early corporate lifecycles and may provide funding in the forms of ventures in which they control the venture until divestiture or spin-off by developing the businesses with capital. The Company currently trades on the OTC QB under the symbol “BEGI”.

The Company’s fiscal year end is December 31st. The Company’s financial statements are presented on the accrual basis of accounting.

Basis of presentation – Unaudited Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with United States generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial statements for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. These unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018.

GOING CONCERN
3 Months Ended
Mar. 31, 2018
Going Concern [Abstract]  
GOING CONCERN

NOTE 2 – GOING CONCERN

The Company's financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the financial statements for the three months ended March 31, 2018 and the years ended December 31, 2017 and 2016, the Company has generated no revenues and has incurred losses. These conditions raise substantial doubt as to the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The continuation of the Company as a going concern is dependent upon the ability to raise equity or debt financing, and the attainment of profitable operations from the Company's planned business. Management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended
Mar. 31, 2018
Summary Of Significant Accounting Policies  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash and cash equivalents

The Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties and all highly liquid investments with an original maturity of three months or less as cash equivalents.

Revenue recognition

The Company has realized minimal revenues from operations. The Company recognizes revenues when the sale and/or distribution of products is complete, risk of loss and title to the products have transferred to the customer, there is persuasive evidence of an agreement, acceptance has been approved by the customer, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable. Net sales will be comprised of gross revenues less expected returns, trade discounts, and customer allowances that will include costs associated with off-invoice markdowns and other price reductions, as well as trade promotions and coupons. The incentive costs will be recognized at the later of the date on which the Company recognized the related revenue or the date on which the Company offers the incentive.

Basic and Diluted Loss per Share

The Company computes loss per share in accordance with “ASC-260,” “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common share during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Diluted loss per share excludes all potential common shares if their effect is anti-dilutive.

Income Taxes

The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases.

The Company maintains a valuation allowance with respect to deferred tax asset. Blackstar Enterprise Group establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under Federal tax laws.

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the reliability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change estimate.

Carrying Value, Recoverability and Impairment of Long-Lived Assets

The Company has adopted paragraph 360-10-35-17 of FASB Accounting Standards Codification for its long-lived assets. The Company’s long –lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.

The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the assets expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives.

The Company considers the following to be some examples of important indicators that may trigger an impairment review; (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company’s overall strategy with respect to the manner of use of the acquired assets or changes in the Company’s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company’s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates acquired assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events.

The impairment charges, if any, are included in operating expenses in the accompanying statements of operations.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.

The Company’s significant estimates include income taxes provision and valuation allowance of deferred tax assets; the fair value of financial instruments; the carrying value and recoverability of long-lived assets, and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.

Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.

Fair value of Financial Instruments

The estimated fair values of financial instruments were determined by management using available market information and appropriate valuation methodologies. The carrying amounts of financial instruments including cash approximate their fair value because of their short maturities.

Long Lived Assets

In accordance with ASC 350 the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances both internally and externally that suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value.

Stock-based Compensation

The Company accounts for stock-based compensation issued to employees based on FASB accounting standard for Share Based Payment. It requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award – the requisite service period (usually the vesting period). It requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The scope of the FASB accounting standard includes a wide range of share-based compensation arrangements including share options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. The Company currently has no stock based compensation plan in place.

 

Recent pronouncements

Management has evaluated accounting standards and interpretations issued but not yet effective as of March 31, 2018, and, does not expect such pronouncements to have a material impact on the Company’s financial position, operations, or cash flows.

PROPERTY, PLANT AND EQUIPMENT
3 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT

During the quarter ended September 30, 2016, the Company purchased certain office equipment for a total of $1,659. This equipment is being depreciated over a three-year life and the Company has recorded a depreciation expense of $138 for the current quarter.

NOTE RECEIVABLE
3 Months Ended
Mar. 31, 2018
Note Receivable  
NOTE RECEIVABLE

NOTE 5 – NOTE RECEIVABLE

During the month of October 2016, the Company identified a target company in which management felt it would be beneficial to invest. The target company was looking for an aggregate investment of $2,500,000, of which the Company agreed to provide $500,000 and provide assistance in raising the remaining $2,000,000.

The terms of this investment were that the note would bear an interest rate of 12% and the lender (Company) shall receive two (2) shares of Series B Convertible Preferred stock for each one dollar ($1.00) loaned to the target company. Payments on the note shall commence at such time the target company is generating gross revenues. The payment shall consist of 15% of the gross revenues ratably apportioned among the then existing note holders. Said payments to be applied first to accrued interest and then to the outstanding principal. Notwithstanding the aforementioned payment schedule the entire note becomes due and payable on February 1, 2019. Commencing not later than February 1, 2019, the target company shall pay a 15% dividend to the holders of the Series B Convertible Preferred stock until such time as each holder of the Series B Convertible Preferred stock has received an amount equivalent to their original loan. At such time the Series B Convertible Preferred stock shall be converted into common stock of the target company at the rate of one share of common stock for each share of Convertible stock.

During the month of January 2017, the Company advanced the second tranche of these funds.

On September 27, 2017, the Company entered into an Agreement to Settle Debt (the “Agreement”) with International Hedge Group, Inc. (“IHG”), the majority stockholder of the Company. Under the Agreement, IHG agreed to compromise and settle the Principal Amount under the verbal working capital loan agreement of BEGI, as of November 2016, in the amount of $400,000, by assignment, without recourse, of the MeshWorks Media Corp, Promissory Notes together with all collateral agreements. Upon signing of the Agreement, a promissory note was delivered for the difference from IHG to BEGI in the amount of $145,000 for BEGI return of principal of $100,000 and all of the accrued interest to date under the MeshWorks Media Corp. notes, payable in twelve months with interest of 1% per quarter on the last day of each quarter until paid. The assignment of the MeshWorks Media Corp. Promissory Note and the note from IHG to BEGI in the amount of $145,000 is full and complete payment and consideration for the transaction referenced hereinabove. A copy of the Agreement is available from the Company or by accessing the form 8-K filed by the Company with the Securities and Exchange Commission on September 27, 2017.

STOCKHOLDER'S DEFICIT
3 Months Ended
Mar. 31, 2018
Stockholders Deficit  
STOCKHOLDERS' DEFICIT

NOTE 6 – STOCKHOLDER’S DEFICIT

The total number of common shares authorized that may be issued by the Company is 200,000,000 shares with a par value of $0.001 per share. The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001 per share.

On August 25, 2016 the Company issued 1,000,000 shares of its preferred series A stock to IHG in fulfillment of the purchase agreement. As at March 31, 2018 there are 1,000,000 preferred series A shares issued and outstanding. These shares are convertible at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company.

As at March 31, 2018 the total number of common shares outstanding was 52,000,000. The Company has an ongoing program of private placements to raise funds to support the operations. During the period ended March 31, 2016, the Company entered into a purchase agreement with International Hedge Group, Inc. (“IHG”) whereby certain existing stockholders would surrender their stock and IHG would acquire a 95% working interest in the Company.

During the quarter ended September 30, 2016, the Company issued 1,322,579 shares of its common stock to satisfy certain accounts payable and notes payable plus accrued interest. The stock was valued at $0.04 per share which valued the total debt relief at $52,903. The debts discharged in these transactions were valued at $335,072. These transactions were with unrelated parties giving the Company a net gain of $282,569 as gain on debt relief.

During the quarter ended September 30, 2016, the Company issued 34,000,000 warrants for the purchase of its common stock at $0.05 per share. Using the Black-Scholes valuation model the Company assigned a value of $1,360,000 to these warrants. The Company recorded an expense of $1,328,000 on the operating statement for the quarter ended March 31, 2018. The Company also used 800,000 of these warrants to satisfy an account payable to a service provider. The value of the debt discharged in this transaction was $20,253. This transaction was with an unrelated party giving the Company a net loss of $11,747 on the debt relief. Total net gain on all debt relief transactions was $270,822.

During the quarter ended September 30, 2017, the Company sold 100,000 shares of its common stock at a price of $0.30. Each of the shares sold had a warrant to purchase one additional share for $0.60 with an exercise period of 5 years. Using the Black-Scholes valuation model the Company assigned a value of $70,000 to these warrants. The Company recorded an expense of $70,000 on the operating statement for the quarter ended September 30, 2017. Concurrently, with the sale of these shares, International Hedge Group, the majority stockholder of the Company, surrendered 100,000 of its shares.

In December of 2017 the Company began a private placement program to raise additional funds for the operations of the Company. At the end of December 2017, the Company had received $60,000 in subscriptions for this offering. During the quarter ended March 31, 2018, the Company had received an additional $105,000 in subscriptions. These amounts are reflected on the balance sheet and the statement of stockholder’s equity as “Stock subscriptions received.” The offering is explained in greater detail in the footnote:

PRIVATE OFFERING.

Super Majority Voting Rights. The record Holders of the Class A Preferred Convertible Stock shall have the right to vote on any matter with holders of Common Stock and may vote as required on any action, which Delaware law provides may or must be approved by vote or consent of the holders of the specific Class of voting preferred shares and the holders of common shares. The Record Holders of the Class A Preferred Shares shall have the right to vote on any matter with holders of common stock voting together as one (1) class. The Record Holders of the Class A Preferred Shares shall have that number of votes (identical in every other respect to the voting rights of the holders of other Class of voting preferred shares and the holders of common stock entitled to vote at any Regula or Special Meeting of the Shareholders) equal to that number of common shares which is not less than 60% of the vote required to approve any action, which Delaware law provides may or must be approved by vote or consent of the holders of other Class of voting preferred shares and the holders of common shares or the holders of other securities entitled to vote, if any.

WARRANTS
3 Months Ended
Mar. 31, 2018
Compensation Related Costs [Abstract]  
WARRANTS

NOTE 7 – WARRANTS

At the time of the issuance of stocks referenced in Note 6 the Company issued 34,000,000 warrants to purchase the Company’s common stock at an exercise price of $0.05. These warrants have an exercise price of $0.05 per share and an expiration date that is three years from the date of issuance. The warrants were issued to the existing shareholders of International Hedge Group. There are 15 stockholders in IHG and 6 of these represent owners of greater than 5% of IHG stock. These 6 stockholders received 57.35% of the warrants issued. Of that, 800,000 of warrants were issued to satisfy outstanding accounts payable. The payable amounted to $20,253 and the warrants were valued at $32,000 giving rise to a loss of $11,747 on the settlement of debt.

Using the Black-Scholes valuation model a value of $1,328,000 is assigned to these warrants. The parameters used in the Black-Scholes model were as follows: stock price $0.04; strike price $0.05; volatility 172%; risk free rate 1.75% and time to expiration of 3 years. This expense is recorded on the books of the Company as “Warrant expense” with an offsetting entry in the Stockholder’s Deficit section as “Additional paid in capital – Warrants.”

On June 14, 2017, the Company received notice from the holders of 17,000,000 warrants as to their intentions to convert the warrants into shares of common stock of the Company. The Company instructed the transfer agent to proceed with the issuance of 16,320,000 shares of the common stock of the Company. This exercise was carried out on a “cashless exercise” which meant that the actual exercise resulted in no cash being received by the Company. The number of shares of common stock to be issued in exchange for the warrants was calculated by using the closing price of the stock on the last trading day prior to the exchange which was $1.25. The value of the warrant was subtracted from the trading price which was then multiplied by the number of warrants being exercised. This result was then divided by the last trading price to determine the number of shares to be issued. At the same time that these warrants were exercised International Hedge Group agreed to surrender 16,320,000 shares of the common stock of the Company that it holds. This transaction produced no financial consequence to the Company.

On July 3, 2017, in consideration for $30,000, BEGI sold 100,000 units, each unit consisting of one share of restricted common stock and one warrant to purchase common stock, in accordance with and in reliance upon the exemption from securities registration for offers and sales to accredited investors afforded, inter alia, by Rule 506 under Regulation D as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the 1933 act, and/or Section 4(a)(2) of the 1933 Act.

As at March 31, 2018 the Company has not received any further notifications with respect to any exercise of any outstanding warrants

Warrant Table
                
   Date  Issue Life  Shares Under Warrant  Exercise Price  Remaining Life
Balance at   December 31, 2015         0    0    0 
Granted   August 30, 2016    3.00    34,000,000   $0.05    1.78 
Exercised   June 14, 2017         (17,000,000)   0    0 
Issued   July 5, 2017    5.00    100,000   $0.60    4.33 
Expired             0    0    0 
Balance at   March 31, 2018         17,100,000   $0.05    2.42 
INCOME TAXES
3 Months Ended
Mar. 31, 2018
Income Taxes  
INCOME TAXES

NOTE 8 – INCOME TAXES

A reconciliation of the provision for income taxes at the United States federal statutory rate of 21% and a Colorado state rate of 5% compared to the Company’s income tax expense as reported is as follows:

Income tax valuation allowance
          
   March 31,  December 31,  December 31,
   2018  2017  2016
Net loss before income taxes  $(111,677)  $(116,138)  $(1,154,285)
  Adjustments to net loss               
     Warrant expense   —      —      1,328,000 
     Gain on exchange of debt for stock   —      —      (270,822)
Net taxable income (loss)   (111,677)   (116,138)   (92,107)
Income tax rate   26%   26%   26%
Income tax recovery   29,050    30,200    23,950 
Valuation allowance change   (29,050)   (30,200)   (23,950)
Provision for income taxes  $—     $—     $—   

 

 

The significant components of deferred income tax assets at March 31, 2018, December 31, 2017 and 2016 are as follows:

 

Components of deferred income tax assets
          
   March 31,  December 31,  December 31,
   2018  2017  2016
Net operating loss carryforward  $324,922   $213,245   $97,107 
                
Valuation allowance   (324,922)   (213,245)   (97,107)
                
Net deferred income tax asset  $—     $—     $—   

 

As of March 31, 2018, the Company has no unrecognized income tax benefits. Based on management’s understanding of IRC Sec 383 the substantial change in ownership and change in business activities precludes any carryforward of the accumulated net operating losses. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the years ended December 31, 2017 and 2016, and no interest or penalties have been accrued as of March 31, 2018. As of December 31, 2017, the Company did not have any amounts recorded pertaining to uncertain tax positions.

 

As at March 31, 2018 the Company is current with federal and state income tax filings for 2017, 2016 and 2015. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities. The Company has not recorded any liability for an uncertain tax position related to the lack of return filings since the Company records show a continuing pattern of losses for the periods in question. Since penalties are commonly assessed based on tax amounts owed management has deemed in unnecessary to record any liability.

LOAN PAYABLE
3 Months Ended
Mar. 31, 2018
Loan Payable  
LOAN PAYABLE

NOTE 9 – LOAN PAYABLE

As of the quarter ended March 31, 2018 International Hedge Group, the holder of a majority of the common stock and all of the preferred stock of the Company has advanced a total of $440,500 to the Company. During the quarter ended September 30, 2017 the Company made repayments in the amount of $22,000. On September 27, 2017 the Company entered into an Agreement with International Hedge Group to effect an exchange of this Loan Payable in the amount of $400,000 and a Note Receivable in the amount of $145,000 for the Note Receivable and accrued interest from MeshWorks Media Corp. in the amount of $545,000. Further details can be seen in Note 5 of these financial statements.

This loan is not secured, bears no interest, is not documented in writing and is payable on demand of the lender.

OTHER EVENTS
3 Months Ended
Mar. 31, 2018
Other Events  
OTHER EVENTS

NOTE 10 – OTHER EVENTS

On September 30, 2017, the Company formed a wholly-owned subsidiary corporation, Crypto Equity Management Corp (“CEMC”) in the state of Colorado. The Company intends to use CEMC to pursue business opportunities in cryptocurrency sphere.

PRIVATE OFFERING
3 Months Ended
Mar. 31, 2018
Private Offering  
PRIVATE OFFERING

NOTE 11 – PRIVATE OFFERING

In December of 2017 the Company initiated a private offering to raise additional funds. A summary of this offering is as follows:

The offering is a maximum of 1,000,000 units at $0.50 per unit. Each unit consists of 1 common share of BlackStar Enterprise Group, Inc. (BlackStar), 1 warrant exercisable into 1 Coin of BlackStar (coins effective upon a registration statement), and 1 right to purchase 1 share of Crypto Equity Management Corp. at $10.00 per share. The units offered are not registered and the underlying stock and coin will be restricted under Rule 144 as to resale unless made effective by registration with the SEC, or another exemption is made available under the Securities Act of 1933. The Company reserves the right to accept an additional 1,000,000 units.

The receipt of ongoing purchases of this private offering are reflected in the Equity section of the balance sheet and on the Statement of Stockholder’s Equity as “Stock subscriptions received. Management deems this method of reporting to be an accurate reflection of the terms of the offering. The stock purchased through this offering will not be issued until the complete offering is purchased or December 29, 2018, whichever comes first.

 

Management intends that the BlackStar Coin be treated as a SAFE (Simple Agreement for Future Equity) contract. The terms and conditions of this contract are yet to be determined by the Company. It is considered to be a derivative equity instrument that, at present, has no value due to not being defined by any terms or conditions. Management hereby declares that the BlackStar Coin is not intended to be a crypto currency as commonly understood since it will, at some future time, be convertible into common shares of the Company.

Management has researched and has found no definitive means for valuing the “BlackStar Coin”. First; the coin is not yet in existence, second; it is considered a tier 3 asset which relies on secondary sources of valuation which, at this time are not viable. The Internal Revenue Service in their Notice 2014-21 states “Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as ‘convertible’ virtual currency.”

The essence of the Notice 2014-21 is that the Internal Revenue Service deems that a virtual currency transaction is subject to the United States income tax laws in much the same manner as the “barter clubs” in the past. This means that the holder must necessarily maintain records of the acquisition costs in USD and the fair market value of the goods or services acquired by the expenditure of the virtual currency. With this information the taxpayer calculates a gain or a loss on the transaction in the normal manner.

The Accounting Standards Board has convened a committee to investigate and promulgate reporting requirements with respect to the virtual currency situation. As of the date of these financial statements there has been no such pronouncement made.

Given that the coins have not been issued and that there is no stock issued in Crypto Equity Management Corp, causing the warrants for such stock to have no value per the Black-Scholes valuation model, management has determined that the full exercise price of $0.50 be applied to the shares of BlackStar Enterprise Group, Inc. using the capital stock and paid in capital reporting as is customarily reported.

As at March 31, 2018, the Company had received a total of $165,000 in exchange for 330,000 units of this offering. The Company stock will be issued upon the earlier of full sale of all units or December 29, 2018.

GENERAL AND ADMINISTRATIVE EXPENSES
3 Months Ended
Mar. 31, 2018
General And Administrative Expenses  
GENERAL AND ADMINISTRATIVE EXPENSES

NOTE 12 – GENERAL AND ADMINISTRATIVE EXPENSES

Components of General and Administrative Expenses
       
   Three Months Ended
   March 31,
   2018  2017
       
Continuing education   371    —   
Filing fees   830    550 
Meals and entertainment   800    265 
Office expense   374    —   
Rent expense   355    522 
Transfer Agent   2,926    706 
Travel   203    —   
Utilities   269    509 
Website   —      450 
   $6,128   $3,002 
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 - SUBSEQUENT EVENTS

As of May 7, 2018, there have been no events that would require additional disclosure to these financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Cash and cash equivalents

Cash and cash equivalents

The Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties and all highly liquid investments with an original maturity of three months or less as cash equivalents.

Revenue recognition

Revenue recognition

The Company has realized minimal revenues from operations. The Company recognizes revenues when the sale and/or distribution of products is complete, risk of loss and title to the products have transferred to the customer, there is persuasive evidence of an agreement, acceptance has been approved by the customer, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable. Net sales will be comprised of gross revenues less expected returns, trade discounts, and customer allowances that will include costs associated with off-invoice markdowns and other price reductions, as well as trade promotions and coupons. The incentive costs will be recognized at the later of the date on which the Company recognized the related revenue or the date on which the Company offers the incentive.

Basic and Diluted Loss per Share

Basic and Diluted Loss per Share

The Company computes loss per share in accordance with “ASC-260,” “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common share during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Diluted loss per share excludes all potential common shares if their effect is anti-dilutive.

Income Taxes

Income Taxes

The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases.

The Company maintains a valuation allowance with respect to deferred tax asset. Blackstar Enterprise Group establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under Federal tax laws.

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the reliability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change estimate.

Carrying Value, Recoverability and Impairment of Long-Lived Assets

Carrying Value, Recoverability and Impairment of Long-Lived Assets

The Company has adopted paragraph 360-10-35-17 of FASB Accounting Standards Codification for its long-lived assets. The Company’s long –lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.

The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the assets expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives.

The Company considers the following to be some examples of important indicators that may trigger an impairment review; (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company’s overall strategy with respect to the manner of use of the acquired assets or changes in the Company’s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company’s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates acquired assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events.

The impairment charges, if any, are included in operating expenses in the accompanying statements of operations.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.

The Company’s significant estimates include income taxes provision and valuation allowance of deferred tax assets; the fair value of financial instruments; the carrying value and recoverability of long-lived assets, and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.

Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.

Fair value of Financial Instruments

Fair value of Financial Instruments

The estimated fair values of financial instruments were determined by management using available market information and appropriate valuation methodologies. The carrying amounts of financial instruments including cash approximate their fair value because of their short maturities.

Long Lived Assets

Long Lived Assets

In accordance with ASC 350 the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances both internally and externally that suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value.

Stock-based Compensation

Stock-based Compensation

The Company accounts for stock-based compensation issued to employees based on FASB accounting standard for Share Based Payment. It requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award – the requisite service period (usually the vesting period). It requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The scope of the FASB accounting standard includes a wide range of share-based compensation arrangements including share options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. The Company currently has no stock based compensation plan in place.

Recent Pronouncements

Recent pronouncements

Management has evaluated accounting standards and interpretations issued but not yet effective as of March 31, 2018, and, does not expect such pronouncements to have a material impact on the Company’s financial position, operations, or cash flows.

WARRANTS (Tables)
3 Months Ended
Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Warrants Activity

As at March 31, 2018 the Company has not received any further notifications with respect to any exercise of any outstanding warrants

Warrant Table
                
   Date  Issue Life  Shares Under Warrant  Exercise Price  Remaining Life
Balance at   December 31, 2015         0    0    0 
Granted   August 30, 2016    3.00    34,000,000   $0.05    1.78 
Exercised   June 14, 2017         (17,000,000)   0    0 
Issued   July 5, 2017    5.00    100,000   $0.60    4.33 
Expired             0    0    0 
Balance at   March 31, 2018         17,100,000   $0.05    2.42
INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2018
Income Taxes Tables  
Reconciliation of the Provision for Income Taxes to Reported Income Tax Expense

A reconciliation of the provision for income taxes at the United States federal statutory rate of 21% and a Colorado state rate of 5% compared to the Company’s income tax expense as reported is as follows:

Income tax valuation allowance
          
   March 31,  December 31,  December 31,
   2018  2017  2016
Net loss before income taxes  $(111,677)  $(116,138)  $(1,154,285)
  Adjustments to net loss               
     Warrant expense   —      —      1,328,000 
     Gain on exchange of debt for stock   —      —      (270,822)
Net taxable income (loss)   (111,677)   (116,138)   (92,107)
Income tax rate   26%   26%   26%
Income tax recovery   29,050    30,200    23,950 
Valuation allowance change   (29,050)   (30,200)   (23,950)
Provision for income taxes  $—     $—     $—  
Significant Components of Deferred Income Tax Assets

The significant components of deferred income tax assets at March 31, 2018, December 31, 2017 and 2016 are as follows:

 

Components of deferred income tax assets
          
   March 31,  December 31,  December 31,
   2018  2017  2016
Net operating loss carryforward  $324,922   $213,245   $97,107 
                
Valuation allowance   (324,922)   (213,245)   (97,107)
                
Net deferred income tax asset  $—     $—     $
GENERAL AND ADMINISTRATIVE EXPENSES (Tables)
3 Months Ended
Mar. 31, 2018
General And Administrative Expenses Tables  
Schedule of General and Administrative Expenses
Components of General and Administrative Expenses
       
   Three Months Ended
   March 31,
   2018  2017
       
Continuing education   371    —   
Filing fees   830    550 
Meals and entertainment   800    265 
Office expense   374    —   
Rent expense   355    522 
Transfer Agent   2,926    706 
Travel   203    —   
Utilities   269    509 
Website   —      450 
   $6,128   $3,002 
NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details)
Jan. 25, 2016
International Hedge Group, Inc. [Member]  
Percentage of Company purchased 95.00%
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Sep. 30, 2016
Property, Plant and Equipment [Line Items]      
Purchases of office equipment     $ 1,659
Depreciation expense $ 138 $ 115  
Office Equipment [Member]      
Property, Plant and Equipment [Line Items]      
Useful life 3 years    
Depreciation expense $ 138    
NOTE RECEIVABLE (Details) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2018
Sep. 30, 2017
Dec. 31, 2017
Debt Instrument [Line Items]      
Note receivable $ 145,000   $ 145,000
Loan To Target Company [Member]      
Debt Instrument [Line Items]      
Amount of investment sought 2,500,000    
Agreed amount of investment 500,000    
Remaining amount the company will provide assistance in raising $ 2,000,000    
Interest rate 12.00%    
Number of shares of Series B Convertible Preferred stock received for each dollar loaned to Target 2    
Maturity date Feb. 01, 2019    
Dividend rate 15.00%    
International Hedge Group, Inc. [Member]      
Debt Instrument [Line Items]      
Principal loan amount   $ 400,000  
Notes payables   145,000  
Repayment of loaned amount   $ 100,000  
STOCKHOLDER'S DEFICIT (Details) - USD ($)
3 Months Ended 8 Months Ended 9 Months Ended 12 Months Ended
Jun. 14, 2017
Aug. 25, 2016
Mar. 31, 2018
Sep. 30, 2017
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2016
Dec. 31, 2016
Dec. 31, 2017
Jan. 25, 2016
Class of Stock [Line Items]                    
Common stock, par value per share     $ 0.001           $ 0.0001  
Common stock, shares authorized     200,000,000           200,000,000  
Common stock, shares outstanding     52,000,000           52,000,000  
Preferred stock, par value per share     $ 0.001           $ 0.0001  
Preferred stock, shares authorized     10,000,000           10,000,000  
Preferred stock, shares issued     1,000,000           1,000,000  
Preferred stock, shares outstanding     1,000,000           1,000,000  
Preferred stock, conversion ratio     100              
Shares exchanged for debt, shares           1,322,579        
Shares exchanged for debt, price per share           $ 0.04 $ 0.04      
Shares exchanged for debt           $ 52,903   $ 52,504    
Value of debt discharged           335,072        
Gain (loss) on debt relief         $ 282,569 $ 270,822      
Number of warrants issued           34,000,000 34,000,000      
Warrants, exercise price per share           $ 0.05 $ 0.05      
Value of warrants           $ 1,360,000 $ 1,360,000      
Voting right of Chass A Preferred Shareholders     The Record Holders of the Class A Preferred Shares shall have that number of votes (identical in every other respect to the voting rights of the holders of other Class of voting preferred shares and the holders of common stock entitled to vote at any Regular or Special Meeting of the Shareholders) equal to that number of common shares which is not less than 60% of the vote required to approve any action,              
Warrants, expiration period     3 years              
Subscription offering receipts     $ 165,000           $ 60,000  
Warrant [Member]                    
Class of Stock [Line Items]                    
Shares exchanged for debt, shares 17,000,000   800,000 800,000            
Value of debt discharged     $ 20,253 $ 20,253            
Gain (loss) on debt relief     11,747 $ (11,747)            
Warrants, exercise price per share       $ 0.60 $ 0.60          
Value of warrants     $ 1,328,000 $ 70,000 $ 70,000          
Warrant expense       $ 70,000            
Share price       $ 0.30 $ 0.30          
Warrants, expiration period       5 years            
Number of shares issued       100,000 100,000          
Series A Preferred Stock [Member]                    
Class of Stock [Line Items]                    
Shares issued for cash, shares   1,000,000                
International Hedge Group, Inc. [Member]                    
Class of Stock [Line Items]                    
Percentage of Company purchased                   95.00%
Stock surrender         100,000          
International Hedge Group, Inc. [Member] | Upon Conversion of Class A Preferred Convertible Shares [Member]                    
Class of Stock [Line Items]                    
Percentage of Company purchased     95.00%              
WARRANTS (Narrative) (Details) - USD ($)
3 Months Ended 8 Months Ended 9 Months Ended 12 Months Ended
Jun. 14, 2017
Mar. 31, 2018
Sep. 30, 2017
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2016
Dec. 31, 2017
Dec. 31, 2016
Jul. 03, 2017
Number of warrants issued         34,000,000 34,000,000      
Warrants, exercise price per share         $ 0.05 $ 0.05      
Warrants, expiration period   3 years              
Proceeds from issuance of shares   52,000,000         52,000,000    
Warrants exchanged for debt, shares         1,322,579        
Value of warrants         $ 1,360,000 $ 1,360,000      
Value of debt discharged         335,072        
Loss on debt relief       $ 282,569 $ 270,822      
Warrants issued   $ 1,328,000         $ 70,000 $ 1,328,000  
Warrant [Member]                  
Warrants, exercise price per share     $ 0.60 $ 0.60          
Warrants, expiration period     5 years            
Warrants exchanged for debt, shares 17,000,000 800,000 800,000            
Value of warrants   $ 1,328,000 $ 70,000 $ 70,000          
Value of debt discharged   20,253 20,253            
Loss on debt relief   $ 11,747 $ (11,747)            
Stock price   $ 0.04              
Strike price   $ 0.05              
Volatility   172.00%              
Risk free rate   1.75%              
Time to expiration   3 years              
Common Stock [Member]                  
Number of warrants issued                 100,000
Warrants, exercise price per share $ 1.25                
Proceeds from issuance of shares 16,320,000                
Warrants exchanged for debt, shares               1,312,549  
Value of warrants                 $ 30,000
Warrants issued              
International Hedge Group, Inc. [Member]                  
Ownership percentage of six stockholders   5.00%              
Percentage of warrants issued received by six stockholders   57.35%              
Common stock surrender       100,000          
International Hedge Group, Inc. [Member] | Common Stock [Member]                  
Proceeds from issuance of shares 16,320,000                
WARRANTS (Schedule of Warrant Activity) (Details) - Warrant [Member]
27 Months Ended
Mar. 31, 2018
$ / shares
shares
Issue Life  
Granted 3 years
Issued 5 years
Shares Under Warrant  
Balance | shares 0
Granted | shares 34,000,000
Exercised | shares (17,000,000)
Issued | shares 100,000
Expired | shares 0
Balance | shares 17,100,000
Exercise Price Per Share  
Balance | $ / shares $ 0
Granted | $ / shares 0.05
Exercised | $ / shares 0
Issued | $ / shares 0.60
Expired | $ / shares 0
Balance | $ / shares $ 0.05
Remaining Life  
Granted 1 year 9 months 11 days
Exercised 0 years
Issued 4 years 3 months 29 days
Expired 0 years
Balance 2 years 5 months 1 day
Date of Issuence  
Granted Aug. 30, 2016
Exercised Jun. 14, 2017
Issued Jul. 05, 2017
INCOME TAXES (Narrative) (Details)
3 Months Ended
Mar. 31, 2018
Income Taxes Narrative Details  
Federal income tax rate 21.00%
State income tax rate 5.00%
INCOME TAXES (Reconciliation of the Provision fo Income Taxes to Reported Provision For Income Taxes) (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
Income Taxes Reconciliation Of Provision Fo Income Taxes To Reported Provision For Income Taxes Details        
Net loss before income taxes $ (111,677) $ (1,697) $ (116,138) $ (1,154,285)
Adjustments to net loss        
Warrant expense   1,328,000
Gain on exchange of debt for stock   (270,822)
Net taxable income (loss) $ (111,677)   $ (116,138) $ (97,107)
Income tax rate 26.00%   26.00% 26.00%
Income tax recovery $ 29,050   $ 30,200 $ 23,950
Valuation allowance change (29,050)   (30,200) (23,950)
Provision for income taxes
INCOME TAXES (Schedule of Deferred Tax Assets) (Details) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Deferred tax assets:      
Net operating loss carryforwards $ 324,922 $ 213,245 $ 97,107
Valuation allowance (324,922) (213,245) (97,107)
Net deferred income tax asset
LOAN PAYABLE (Details) - USD ($)
3 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Loan payable - related party $ 18,500 $ 18,500
International Hedge Group, Inc. [Member]    
Loan payable 400,000  
Loan payable - related party 440,500  
Repayment of loan 22,000  
Notes receivables 145,000  
MeshWorks Media Corp [Member]    
Accrued interest $ 545,000  
PRIVATE OFFERING (Narrative) (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Per unit price   $ 0.50
Exchange of unit for offering 330,000  
Subscription offering receipts $ 165,000 $ 60,000
Maximum [Member]    
Exchange of unit for offering   1,000,000
GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
General And Administrative Expenses Details    
Continuing education $ 371
Filing fees 830 550
Meals and entertainment 800 265
Office expense 374
Rent expense 355 522
Transfer Agent 2,926 706
Travel 203
Utilities 269 509
Website 450
General and administrative expenses $ 6,128 $ 3,002
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