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Document and Entity Information - shares
3 Months Ended
Mar. 31, 2019
May 13, 2019
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, 2019  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company true  
Entity Ex Transition Period false  
Entity Common Stock, Shares Outstanding   52,000,000
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2019  
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash $ 6,319
Total Current assets 6,319
Fixed assets    
Furniture and equipment 1,659 1,659
Accumulated depreciation (1,497) (1,359)
Total fixed assets 162 300
Total Assets 162 6,619
Current liabilities    
Accounts payable 15,227 16,834
Accrued payables 1,429 383
Advances Related parties 23,100 12,882
Convertible note payable 53,000 53,000
Loan payable - related party 18,500 18,500
Total current liabilities 111,256 101,599
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 1,890,353 1,890,353
Additional paid in capital - warrants 1,430,000 1,430,000
APIC - debt discount portion of convertible note 53,000 53,000
Accumulated deficit (3,537,447) (3,521,333)
Total Stockholders' Equity (111,094) (94,980)
Total Liabilities and Stockholders' Equity $ 162 $ 6,619
CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares
Mar. 31, 2019
Dec. 31, 2018
Statement of Financial Position [Abstract]    
Preferred stock, par value per share $ 0.0001 $ 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 $ 0.0001 $ 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
CONSOLIDATED AND CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
REVENUE
Cost of revenues
GROSS PROFIT
Operating Expenses:    
Depreciation 138 138
Legal and professional 8,308 26,510
Management consulting 2,430 71,000
Corporate registration expense 130 7,901
General and administrative 4,063 6,128
Total operating expenses 15,069 111,677
Income (loss) from operations (15,069) (111,677)
Other income (expense)    
Interest income (expense) (1,045)
Other income (expense) net (1,045)
Income (loss) before provision for income taxes (16,114) (111,677)
Provision (credit) for income tax
Net income (loss) $ (16,114) $ (111,677)
Net income (loss) per share    
(Basic and fully diluted) $ 0 $ 0
Weighted average number of common shares outstanding 52,000,000 52,000,000
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, 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        
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        
Stock issued for subscriptions $ 330   164,670 (165,000)  
Stock issued for subscriptions, shares 330,000          
Shares cancelled $ (330)   330    
Shares cancelled, shares (330,000)          
Warrants exercised $ 16,370   (16,370)    
Warrants exercised, shares 16,370,370          
Shares cancelled $ (16,370)   16,370      
Shares cancelled, shares (16,370,370)          
Net loss for the period (24,012) (24,012)
Balance at Jun. 30, 2018 $ 52,000 $ 1,000 3,320,353 (3,245,642) 127,711
Balance, shares at Jun. 30, 2018 52,000,000 1,000,000        
Subscriptions received       105,000    
Stock issued for subscriptions $ 330   164,670 (165,000)    
Stock issued for subscriptions, shares 330,000          
Shares cancelled $ (330)   330      
Shares cancelled, shares (330,000)          
Warrants exercised $ 16,370   (16,370)      
Warrants exercised, shares 16,370,370          
Shares cancelled $ (16,370)   16,370      
Shares cancelled, shares (16,370,370)          
Net loss for the period         (25,085) (25,085)
Balance at Sep. 30, 2018 $ 52,000 $ 1,000 3,485,353 (60,000) (3,270,727) 102,626
Balance, shares at Sep. 30, 2018 52,000,000 1,000,000        
Debt discount     53,000     53,000
Net loss for the period (250,606) (250,606)
Balance at Dec. 31, 2018 $ 52,000 $ 1,000 3,538,353 (60,000) (3,521,333) (94,980)
Balance, shares at Dec. 31, 2018 52,000,000 1,000,000        
Net loss for the period         (16,114) (16,114)
Balance at Mar. 31, 2019 $ 52,000 $ 1,000 $ 3,373,353 $ (60,000) $ (3,537,447) $ (111,094)
Balance, shares at Mar. 31, 2019 52,000,000 1,000,000        
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net income (loss) $ (16,114) $ (111,677)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 138 138
Changes in operating assets and liabilities    
Increase/(Decrease) in accounts payable (1,607) (3,220)
Increase/(Decrease) in accrued payables 1,046  
Increase/(Decrease) in advances - related parties 10,218  
NET CASH USED IN OPERATING ACTIVITIES (6,319) (114,759)
CASH FLOWS USED IN INVESTING ACTIVITIES    
NET CASH USED IN INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in Stock subscriptions received 105,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 105,000
Net Increase (Decrease) In Cash (6,319) (9,759)
Cash At The Beginning Of The Period 6,319 34,454
Cash At The End Of The Period $ 24,695
NATURE OF OPERATIONS AND BASIS OF PRESENTATION
3 Months Ended
Mar. 31, 2019
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 through 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, 2018 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, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.

GOING CONCERN
3 Months Ended
Mar. 31, 2019
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, 2019 and the year ended December 31, 2018, 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, 2019
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

In order to comply with the newly issued requirements of ASC 606 the Company acknowledges that the lack of revenue precludes any definitive statement until revenues are being generated and the Company is able to determine exactly which standards are required to be reported.

Basic and Diluted Loss per Share

The Company computes loss per share in accordance with Accounting Standards Update (“ASU”), Earnings per Share (Topic 260) which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic EPS would exclude any dilutive effects of options, warrants, and convertible securities but does include the restricted shares of common stock issued. Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted to common stock. Basic EPS calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted EPS calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Under current Company policy the majority stockholder International Hedge Group has and intends to surrender an equivalent number of common shares each time shares are sold or converted from other instruments. As a result the EPS is the same for basic and diluted shares.

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, 2019 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, 2019
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, 2019
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 are the note shall bear an interest rate of 12% and the lender (Company) shall receive 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.

During the quarter ended December 31, 2018, the Company requested documentation relating to the collectability of the $145,000 note from International Hedge Group, Inc. (IHG). IHG responded that since their ability to pay this note was connected to their ability to collect the monies owed them by MeshWorks Media Corp they could not provide a definite date by which the note could be redeemed. Consequently, management has deemed it necessary to record a 100% impairment of the note and writing down the full value of the note in the quarter cited.

STOCKHOLDERS DEFICIT
3 Months Ended
Mar. 31, 2019
Stockholders Deficit  
STOCKHOLDERS DEFICIT

NOTE 6 – STOCKHOLDERS 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, 2019 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, 2019 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 surrendered their stock and IHG acquired 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 September 30, 2016. 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. During the quarter ended June 30, 2018 the Company issued 333,000 shares of its common stock for the amounts subscribed. At the same time IHG surrendered 330,000 of its common stock holdings. The offering is explained in greater detail in the footnote: PRIVATE OFFERING.

During the quarter ended December 31, 2018, the Company negotiated a loan in the amount of $53,000 to sustain operations. The note is payable in cash or stock in one year’s time. The conditions of the note are explained in greater detail in the footnote: CONVERTIBLE NOTE.

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, 2019
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. 800,000 of these 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 as 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.

On June 14, 2018 the Company received notice from the holders of the remaining 17,000,000 warrants as to their intentions to convert the warrants into shares of common stock of the Company. As mentioned above, the exercise is a “cashless transaction.” The closing price of the stock on the last trading day prior to the exchange was $1.35. By using the same methodology as cited above the number of shares was calculated to be 16,370,370. These shares were issued by the transfer agent on June 18, 2018 and concurrently the transfer agent cancelled 16,370,370 of the shares held by IHG.

As at March 31, 2019 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    0 
Exercised   June 14, 2017         17,000,000    0    0 
Issued   July 5, 2017    5.00    100,000   $0.60    3.76 
Exercised   June 14, 2018         17,000,000    0    0 
Expired             0    0    0 
Balance at   March 31, 2019         100,000   $0.60    3.76 
INCOME TAXES
3 Months Ended
Mar. 31, 2019
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,
   2019  2018
Net loss before income taxes  $(16,114)  $(411,380)
  Adjustments to net loss          
     Warrant expense   —      53,000 
    —      —   
Net taxable income (loss)   (16,114)   (358,380)
Income tax rate   26%   26%
Income tax recovery   4,200    93,180 
Valuation allowance change   (4,200)   (93,180)
Provision for income taxes  $—     $—   

 

The significant components of deferred income tax assets at March 31, 2019, December 31, 2018 and 2017 are as follows:

Components of deferred income tax assets      
          
   March 31,  December 31,  December 31,
   2019  2018  2017
Net operating loss carryforward  $582,739   $566,625   $208,245 
                
Valuation allowance   (582,739)   (566,625)   (208,245)
                
Net deferred income tax asset  $—     $—     $—   

 

 As of March 31, 2019, 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, 2018 and 2017, and no interest or penalties have been accrued as of March 31, 2019. As of March 31, 2019 and December 31, 2018, the Company did not have any amounts recorded pertaining to uncertain tax positions.

As at March 31, 2019 the Company is current with federal and state income tax filings through 2017. 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 it unnecessary to record any liability.

LOAN PAYABLE
3 Months Ended
Mar. 31, 2019
Loan Payable  
LOAN PAYABLE

NOTE 9 – LOAN PAYABLE

As of the quarter ended September 30, 2017 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.

CONVERTIBLE NOTE
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
CONVERTIBLE NOTE

NOTE 10 – CONVERTIBLE NOTE

On November 29, 2018 the Company entered into an agreement with Power Up Lending Group LLC. The terms and conditions are as follows:

The face value of the note is $53,000 at an interest rate of 8% and the maturity date is November 28, 2019. At the time of the disbursement there was a deduction from proceeds to the Company of $3,000 for legal fees related to the issuance of the promissory note. The repayment is a lump sum payment on the due date or is convertible into Company common stock at the discretion of the lender. The conversion, if chosen, will be at 61% of the two lowest trading days in the previous ten-day period prior to the date of conversion. This represents a discount of thirty-nine percent (39%). The number of shares to be issued in the conversion will be calculated as follows: the average price of the two lowest trading days of the preceding the days will be multiplied by 0.61 ((to arrive at the discount factor) and then the resulting price will be divided into the principal and accrued interest resulting in the number of shares due. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are no warrants or options attached to this note.

The Company accounts for this conversion feature as a Beneficial Conversion Feature and has fully recognized the Beneficial Conversion Feature on inception. The fair value is calculated to be $53,000 for the expense portion of the note. This calculation is based on the current trading prices of the Company. Management has determined that this treatment, the expensing of the entire value of the note, is appropriate given the uncertain nature of the value of the Company and its stock. With this treatment there will be no revaluations until the note is paid or redeemed for stock.

OTHER EVENT
3 Months Ended
Mar. 31, 2019
Other Event  
OTHER EVENTS

NOTE 11 – OTHER EVENT

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. These financial statements as currently presented reflect the combined operations of BEGI and CEMC.

PRIVATE OFFERING
3 Months Ended
Mar. 31, 2019
Private Offering  
PRIVATE OFFERING

NOTE 12 – 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 Digital Equity of BlackStar, (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 hereby are not registered and the underlying stock and digital share 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.

Management intends that the BlackStar Digital Equity 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 has researched and has found no definitive means for valuing the Digital Equity of BlackStar. First; the digital equity 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 digital equities 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.

GENERAL AND ADMINISTRATIVE EXPENSES
3 Months Ended
Mar. 31, 2019
General And Administrative Expenses  
GENERAL AND ADMINISTRATIVE EXPENSES

NOTE 13 – GENERAL AND ADMINISTRATIVE EXPENSES

Components of General and Administrative Expenses
       
   Three Months Ended
   March 31,
   2019  2018
       
Continuing education   299    371 
Filing fees   —      830 
Meals and entertainment   —      800 
Office expense   318    374 
Rent expense   372    355 
Transfer Agent   2,898    2,926 
Travel expense   —      203 
Utilities   176    269 
           
   $4,063   $6,128 
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 14 - SUBSEQUENT EVENTS

On April 30, 2019 the Company entered into an agreement with Auctus Fund LLC. The terms and conditions are as follows:

 

The face value of the note is $110,000 at an interest rate of 12% and the maturity date is January 26, 2020. At the time of the disbursement there was a deduction from proceeds to the Company of $12,750 for legal and due diligence fees related to the issuance of the promissory note. The repayment is a lump sum payment on the due date or is convertible into Company common stock at the discretion of the lender. The conversion, if chosen, will be at 50% of the lowest trading price during the previous 25-day trading period. This represents a discount of fifty percent (50%). The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are 440,000 warrants attached to this note, exercisable for five (5) years from April 26, 2019 at $0.25 per share. Further details may be found in the Form 8-K filed May 7, 2019, incorporated herein by reference.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended
Mar. 31, 2019
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

In order to comply with the newly issued requirements of ASC 606 the Company acknowledges that the lack of revenue precludes any definitive statement until revenues are being generated and the Company is able to determine exactly which standards are required to be reported.

Basic and Diluted Loss per Share

Basic and Diluted Loss per Share

The Company computes loss per share in accordance with Accounting Standards Update (“ASU”), Earnings per Share (Topic 260) which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic EPS would exclude any dilutive effects of options, warrants, and convertible securities but does include the restricted shares of common stock issued. Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted to common stock. Basic EPS calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted EPS calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Under current Company policy the majority stockholder International Hedge Group has and intends to surrender an equivalent number of common shares each time shares are sold or converted from other instruments. As a result the EPS is the same for basic and diluted shares.

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, 2019 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, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Warrants Activity

As at March 31, 2019 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    0 
Exercised   June 14, 2017         17,000,000    0    0 
Issued   July 5, 2017    5.00    100,000   $0.60    3.76 
Exercised   June 14, 2018         17,000,000    0    0 
Expired             0    0    0 
Balance at   March 31, 2019         100,000   $0.60    3.76 
INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2019
Income Taxes Tables Abstract  
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,
   2019  2018
Net loss before income taxes  $(16,114)  $(411,380)
  Adjustments to net loss          
     Warrant expense   —      53,000 
    —      —   
Net taxable income (loss)   (16,114)   (358,380)
Income tax rate   26%   26%
Income tax recovery   4,200    93,180 
Valuation allowance change   (4,200)   (93,180)
Provision for income taxes  $—     $—   
Significant Components of Deferred Income Tax Assets

The significant components of deferred income tax assets at March 31, 2019, December 31, 2018 and 2017 are as follows:

Components of deferred income tax assets      
          
   March 31,  December 31,  December 31,
   2019  2018  2017
Net operating loss carryforward  $582,739   $566,625   $208,245 
                
Valuation allowance   (582,739)   (566,625)   (208,245)
                
Net deferred income tax asset  $—     $—     $—   
GENERAL AND ADMINISTRATIVE EXPENSES (Tables)
3 Months Ended
Mar. 31, 2019
General And Administrative Expenses Tables Abstract  
Schedule of General and Administrative Expenses
Components of General and Administrative Expenses
       
   Three Months Ended
   March 31,
   2019  2018
       
Continuing education   299    371 
Filing fees   —      830 
Meals and entertainment   —      800 
Office expense   318    374 
Rent expense   372    355 
Transfer Agent   2,898    2,926 
Travel expense   —      203 
Utilities   176    269 
           
   $4,063   $6,128 
NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details)
Jan. 25, 2016
International Hedge Group, Inc. [Member]  
Percentage of Company purchased 95.00%
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Sep. 30, 2016
Property, Plant and Equipment [Line Items]      
Purchases of office equipment     $ 1,659
Depreciation expense $ 138 $ 138  
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, 2019
Sep. 30, 2017
Dec. 31, 2018
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 $ 145,000
Repayment of loaned amount   $ 100,000  
Percentage of impairment of note and writing down     100.00%
STOCKHOLDERS DEFICIT (Details) - USD ($)
3 Months Ended
Jun. 14, 2018
Jun. 14, 2017
Aug. 25, 2016
Mar. 31, 2019
Sep. 30, 2018
Jun. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Jul. 03, 2017
Jan. 25, 2016
Class of Stock [Line Items]                          
Common stock, par value per share       $ 0.0001         $ 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       $ 0.0001         $ 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        
Shares exchanged for debt, shares               1,322,579          
Shares exchanged for debt, price per share               $ 0.04          
Shares exchanged for debt               $ 52,903          
Value of debt discharged               335,072          
Gain (loss) on debt relief               $ 282,569          
Number of warrants issued               34,000,000          
Warrants, exercise price per share               $ 0.05          
Value of warrants       $ 1,328,000       $ 1,360,000          
Warrant expense               $ 1,328,000          
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 Regula or Special Meeting of the Shareholders) equal to that number of common shares which is not less than60% of the vote required to approve any action, which Delaware law provides may or must be approved by vote                  
Warrants, expiration period       3 years                  
Subscription offering receipts                   $ 105,000 $ 60,000    
Convertible notes payable       $ 53,000         $ 53,000        
Share price                     $ 0.50    
Warrant [Member]                          
Class of Stock [Line Items]                          
Shares exchanged for debt, shares 17,000,000 17,000,000   800,000       800,000          
Value of debt discharged       $ 20,253       $ 20,253          
Gain (loss) on debt relief       $ (11,747)       (11,747)          
Number of warrants issued       34,000,000                  
Warrants, exercise price per share       $ 0.05     $ 0.60            
Value of warrants       $ 32,000     $ 70,000            
Warrant expense             $ 70,000            
Warrants, expiration period             5 years            
Share price             $ 0.30            
Number of shares issued             100,000            
Common Stock [Member]                          
Class of Stock [Line Items]                          
Number of warrants issued                       100,000  
Warrants, exercise price per share $ 1.35 $ 1.25                      
Value of warrants                       $ 30,000  
Shares cancelled, shares         330,000 330,000              
Number of shares issued           333,000              
Unrelated Party [Member]                          
Class of Stock [Line Items]                          
Gain (loss) on debt relief               $ 270,822          
International Hedge Group, Inc. [Member]                          
Class of Stock [Line Items]                          
Percentage of Company purchased                         95.00%
Stock surrender           330,000 100,000            
International Hedge Group, Inc. [Member] | Common Stock [Member]                          
Class of Stock [Line Items]                          
Stock surrender   16,320,000                      
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%                  
Series A Preferred Stock [Member]                          
Class of Stock [Line Items]                          
Shares issued for cash, shares     1,000,000                    
Preferred stock, shares issued       1,000,000                  
Preferred stock, shares outstanding       1,000,000                  
Preferred stock, conversion ratio       100                  
WARRANTS (Narrative) (Details) - USD ($)
3 Months Ended
Jun. 14, 2018
Jun. 14, 2017
Mar. 31, 2019
Jun. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2018
Jul. 03, 2017
Number of warrants issued           34,000,000    
Warrants, exercise price per share           $ 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     $ 1,328,000     $ 1,360,000    
Value of debt discharged           335,072    
Loss on debt relief           $ 282,569    
Warrant [Member]                
Number of warrants issued     34,000,000          
Warrants, exercise price per share     $ 0.05   $ 0.60      
Warrants, expiration period         5 years      
Warrants exchanged for debt, shares 17,000,000 17,000,000 800,000     800,000    
Value of warrants     $ 32,000   $ 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 $ 1.35 $ 1.25            
Proceeds from issuance of shares 16,370,370 16,320,000            
Value of warrants               $ 30,000
International Hedge Group, Inc. [Member]                
Percentage of warrants issued received by six stockholders     57.35%          
Common stock surrender       330,000 100,000      
International Hedge Group, Inc. [Member] | Common Stock [Member]                
Common stock surrender   16,320,000            
Share cancelled 16,370,370              
International Hedge Group, Inc. [Member]                
Ownership percentage of six stockholders     5.00%          
WARRANTS (Schedule of Warrant Activity) (Details) - Warrant [Member]
39 Months Ended
Mar. 31, 2019
$ / 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
Exercised | shares 17,000,000
Expired | shares 0
Balance | shares 100,000
Exercise Price Per Share  
Balance | $ / shares $ 0.00
Granted | $ / shares 0.05
Exercised | $ / shares 0.00
Issued | $ / shares 0.60
Exercised | $ / shares 0.00
Expired | $ / shares 0.00
Balance | $ / shares $ 0.60
Remaining Life  
Granted 0 years
Exercised 0 years
Issued 3 years 9 months 3 days
Exercised 0 years
Expired 0 years
Balance 3 years 9 months 3 days
Date of Issuance  
Granted Aug. 30, 2016
Exercised Jun. 14, 2017
Issued Jul. 05, 2017
Exercised Jun. 14, 2018
INCOME TAXES (Narrative) (Details)
3 Months Ended
Mar. 31, 2019
Income Taxes Narrative  
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, 2019
Mar. 31, 2018
Dec. 31, 2018
Income Taxes Reconciliation Of Provision Fo Income Taxes To Reported Provision For Income Taxes      
Net loss before income taxes $ (16,114) $ (111,677) $ (411,380)
Adjustments to net loss      
Warrant expense   53,000
Gain on exchange of debt for stock  
Net taxable income (loss) $ (16,114)   $ (358,380)
Income tax rate 26.00%   26.00%
Income tax recovery $ 4,200   $ 93,180
Valuation allowance change (4,200)   (93,180)
Provision for income taxes
INCOME TAXES (Schedule of Deferred Tax Assets) (Details) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Deferred tax assets:      
Net operating loss carryforward $ 582,739 $ 566,625 $ 208,245
Valuation allowance (582,739) (566,625) (208,245)
Net deferred income tax asset
LOAN PAYABLE (Details) - USD ($)
3 Months Ended
Sep. 30, 2017
Mar. 31, 2019
Dec. 31, 2018
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    
CONVERTIBLE NOTE (Details) - USD ($)
1 Months Ended 3 Months Ended
Nov. 29, 2018
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Short-term Debt [Line Items]          
Convertible note   $ 53,000   $ 53,000  
Legal fees   $ 8,308 $ 26,510    
Average price of share         $ 0.50
Power Up Lending Group LLC [Member]          
Short-term Debt [Line Items]          
Convertible note $ 53,000        
Interest rate 8.00%        
Maturity date Nov. 28, 2019        
Legal fees $ 3,000        
Percentage of conversion 61.00%        
Percentage of discount 39.00%        
Average price of share $ 0.61        
Percentag of limit amount of stock 4.99%        
Convertible note expense $ 53,000        
PRIVATE OFFERING (Narrative) (Details)
12 Months Ended
Dec. 31, 2017
$ / shares
shares
Per unit price $ 0.50
Crypto Equity Management Corp [Member]  
Per unit price $ 10.00
Maximum [Member]  
Exchange of unit for offering | shares 1,000,000
GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
General And Administrative Expenses Details Abstract    
Continuing education $ 299 $ 371
Filing fees 830
Meals and entertainment 800
Office expense 318 374
Rent expense 372 355
Transfer Agent 2,898 2,926
Travel expense 203
Utilities 176 269
General and administrative expenses $ 4,063 $ 6,128
SUBSEQUENT EVENTS (Details) - USD ($)
1 Months Ended 3 Months Ended
Apr. 30, 2019
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Convertible note   $ 53,000   $ 53,000  
Legal and due diligence fees   $ 8,308 $ 26,510    
Average price of share         $ 0.50
Auctus Fund LLC [Member] | Subsequent Event [Member]          
Convertible note $ 110,000        
Interest rate 12.00%        
Maturity date Jan. 26, 2020        
Legal and due diligence fees $ 12,750        
Percentage of conversion 50.00%        
Percentage of discount 50.00%        
Average price of share $ 0.25        
Percentag of limit amount of stock 4.99%        
Convertible note expense $ 440,000        
Term period 5 years