8. Intercompany Transaction with Wytec International, Inc. and Subsidiaries	9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Intercompany Transaction with Wytec International, Inc. and Subsidiaries	On July 26, 2016, a Certificate of Designation for the Company’s Series C Preferred Stock was recorded with the Secretary of State of Nevada designating 1,000 shares of its authorized preferred stock as Series C Preferred Stock. The Series C Preferred Stock does not have a dividend rate or liquidation preference and is not convertible into shares of common stock. For so long as any shares of the Series C Preferred Stock remain issued and outstanding, the holders thereof, voting separately as a class, shall have the right to vote in an amount equal to 51% of the total vote (representing a super majority voting power) with respect to all matters submitted to a vote of the shareholders of the Company. On July 20, 2016, the Board of Directors of Wytec International, Inc. (the “Company”), a subsidiary of Competitive Companies, Inc., a Nevada corporation, authorized the issuance of 1,000 shares of Series C Preferred Stock to the Company’s Chief Executive Officer and Chairman, William H. Gray, upon the recording of the Certificate of Designation with the Secretary of State of Nevada. An audit of Wytec International, Inc. (“Wytec”) financial statements, as a stand-alone entity, for the fiscal years ended December 31, 2104 and 2015 was completed on July 28, 2016 (the “Audit”). Prior to the completion of the audit, the Company owed an intercompany debt to Wytec for the fiscal years ended December 31, 2104 and 2015 (“Intercompany Debt”). As of June 30, 2016, the Company owned 25,000,000 shares of Wytec’s common stock (the “Wytec Stock”). Prior to the completion of the Audit, management of Wytec and the Company agreed to settle the Intercompany Debt by exchanging 24,529,389 shares of Wytec Stock owned by the Company for settlement of its intercompany debt. The settlement of the Intercompany Debt and the exchange of 24,529,389 shares of Wytec Stock are reflected in the Audit and are reflected in the Company’s consolidated financial statements for the period ending September 30, 2016. The value of the Wytec Stock was calculated based on the relative fair value of the two companies, Wytec as a separate entity and the Company on a consolidated basis without Wytec, and then determining the relative percentage of the Company’s total market capitalization attributable to Wytec. Based on these and other considerations including relative contributed capital, management of Wytec and the Company determined that Wytec’s value represented 62% and 82% of the Company’s market capitalization as of December 31, 2014 and December 31, 2015, respectively. This value was then divided by the number of outstanding shares of Wytec’s common and preferred stock as of December 31, 2014 and December 31, 2015, respectively. When computing the number of outstanding shares of Wytec’s common and preferred stock as of December 31, 2015, the shares of Wytec Stock received by Wytec from the Company to settle the Intercompany Debt were treated as treasury stock. During the period ended September 30, 2016, Wytec and the Company agreed to settle additional Intercompany Debt by exchanging an additional 214,662 shares of Wytec Stock owned by the Company for settlement its additional intercompany debt and these shares were treated as treasury stock.

8. Intercompany Transaction with Wytec International, Inc. and Subsidiaries

9 Months Ended

Sep. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Intercompany Transaction with Wytec International, Inc. and Subsidiaries

On July 26, 2016, a Certificate of Designation for the Company’s Series C Preferred Stock was recorded with the Secretary of State of Nevada designating 1,000 shares of its authorized preferred stock as Series C Preferred Stock. The Series C Preferred Stock does not have a dividend rate or liquidation preference and is not convertible into shares of common stock. For so long as any shares of the Series C Preferred Stock remain issued and outstanding, the holders thereof, voting separately as a class, shall have the right to vote in an amount equal to 51% of the total vote (representing a super majority voting power) with respect to all matters submitted to a vote of the shareholders of the Company. On July 20, 2016, the Board of Directors of Wytec International, Inc. (the “Company”), a subsidiary of Competitive Companies, Inc., a Nevada corporation, authorized the issuance of 1,000 shares of Series C Preferred Stock to the Company’s Chief Executive Officer and Chairman, William H. Gray, upon the recording of the Certificate of Designation with the Secretary of State of Nevada.

An audit of Wytec International, Inc. (“Wytec”) financial statements, as a stand-alone entity, for the fiscal years ended December 31, 2104 and 2015 was completed on July 28, 2016 (the “Audit”). Prior to the completion of the audit, the Company owed an intercompany debt to Wytec for the fiscal years ended December 31, 2104 and 2015 (“Intercompany Debt”). As of June 30, 2016, the Company owned 25,000,000 shares of Wytec’s common stock (the “Wytec Stock”). Prior to the completion of the Audit, management of Wytec and the Company agreed to settle the Intercompany Debt by exchanging 24,529,389 shares of Wytec Stock owned by the Company for settlement of its intercompany debt. The settlement of the Intercompany Debt and the exchange of 24,529,389 shares of Wytec Stock are reflected in the Audit and are reflected in the Company’s consolidated financial statements for the period ending September 30, 2016. The value of the Wytec Stock was calculated based on the relative fair value of the two companies, Wytec as a separate entity and the Company on a consolidated basis without Wytec, and then determining the relative percentage of the Company’s total market capitalization attributable to Wytec. Based on these and other considerations including relative contributed capital, management of Wytec and the Company determined that Wytec’s value represented 62% and 82% of the Company’s market capitalization as of December 31, 2014 and December 31, 2015, respectively. This value was then divided by the number of outstanding shares of Wytec’s common and preferred stock as of December 31, 2014 and December 31, 2015, respectively. When computing the number of outstanding shares of Wytec’s common and preferred stock as of December 31, 2015, the shares of Wytec Stock received by Wytec from the Company to settle the Intercompany Debt were treated as treasury stock. During the period ended September 30, 2016, Wytec and the Company agreed to settle additional Intercompany Debt by exchanging an additional 214,662 shares of Wytec Stock owned by the Company for settlement its additional intercompany debt and these shares were treated as treasury stock.