10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q/A

Amendment No. 1

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2014

or

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION FROM ______ TO ______.

Commission File Number: 000-54557

GLOBAL EQUITY INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

Nevada	27-3986073
(State or other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
X3 Jumeirah Bay, Office 3305, Jumeirah Lake Towers, Dubai, UAE
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number: +971 (7) 204 7593

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Sec.232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [  ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [  ]	Accelerated filer [  ]
Non-accelerated filer [  ]	Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS

DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [  ] No [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of August 13, 2014, there were 32,659,418 outstanding shares of the Registrant’s Common Stock, $.001 par value.

EXPLANATORY NOTE

Global Equity International, Inc. (the “Company”) is filing this Amendment No. 1 (this “Amendment No. 1”) to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 (the “Form 10-Q”), originally filed with the Securities and Exchange Commission on August 14, 2014, for the sole purpose of furnishing the Interactive Data File with detailed note tagging as Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 provides the financial statements and related notes in the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language).

No other changes have been made to the Company’s Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date and does not modify or update in any way disclosures made in the original Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

EXHIBIT INDEX

Exhibit	Description
31.1 *	Certification under Section 302 of Sarbanes-Oxley Act of 2002
31.2 *	Certification under Section 302 of Sarbanes-Oxley Act of 2002
32.1 *	Certification under Section 906 of Sarbanes-Oxley Act of 2002
32.2 *	Certification under Section 906 of Sarbanes-Oxley Act of 2002

101.INS**	XBRL Instance Document
101.SCH**	XBRL Taxonomy Extension Schema
101.CAL**	XBRL Taxonomy Extension Calculation Linkbase
101.DEF**	XBRL Taxonomy Extension Definition Linkbase
101.LAB**	XBRL Taxonomy Extension Label Linkbase
101.PRE**	XBRL Taxonomy Extension Presentation Linkbase

*	These Exhibits were previously included in the Company’s Quarterly Report on Form 10-Q for the Quarterly period ended June 30, 2014, filed with the Securities and Exchange Commission on August 14, 2014.
**	In accordance with Regulation S-T, the XBRL related information on Exhibit No. 101 to this Quarterly Report on Form 10-Q shall be deemed “furnished” herewith not “filed”.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	GLOBAL EQUITY INTERNATIONAL, INC.
Date: August 18, 2014	/s/ Peter J. Smith
	Peter J. Smith
	President and Chief Executive Officer
	(Principal Executive Officer)
Date: August 18, 2014	/s/ Enzo Taddei
	Enzo Taddei
	Chief Financial Officer
	(Principal Accounting and Financial Officer)

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Subsequent Events (Details Narrative) (USD $)	0 Months Ended							0 Months Ended
	Dec. 07, 2013	Nov. 21, 2012	Aug. 01, 2014 Subsequent Event [Member]	Jul. 27, 2014 Subsequent Event [Member]	Jul. 22, 2014 Subsequent Event [Member]	Aug. 08, 2014 Subsequent Event [Member]	Aug. 06, 2014 Subsequent Event [Member]	Jul. 24, 2014 Subsequent Event [Member] Ernest and Young [Member]
Stock issued for services					435,500
Stock issued price per share		$ 0.25			$ 0.15
Company value								$ 31,800,000
Value of contract				465,000				250,000
Percentage of shares issued and outstanding obtains				7.00%				10.00%
Amount of client paid till date				230,000				170,000
Payment of fee to retainer per month			7,500
Restricted shares issued	10,000		200,000
convertible note payable						$ 50,000	$ 3,540,000

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Summary of Significant Accounting Policies - Schedule of Equity Securities in Private Companies (Details)	1 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2014
No. Shares	2,000,000	11,700,000
M1 Lux AG [Member]
Company		M1 Lux AG
No. Shares		2,000,000
Status		Private Company
Monkey Rock Group Inc. [Member]
Company		Monkey Rock Group Inc.
No. Shares		1,500,000
Status		Reporting Company – OTC
Voz Mobile Cloud Limited [Member]
Company		Voz Mobile Cloud Limited
No. Shares		3,200,000
Status		Private Company
Arrow Cars International Inc. [Member]
Company		Arrow Cars International Inc.
No. Shares		3,000,000
Status		Reporting Company – OTC
Direct Security Integration Inc. [Member]
Company		Direct Security Integration Inc.
No. Shares		2,000,000
Status		Private Company

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 4 - Summary of Significant Accounting Policies

Principles of Consolidation

Global Equity International Inc. is the parent company of its 100% subsidiary Global Equity Partners Plc. All significant inter-company accounts and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non confirming events. Accordingly, the actual results could differ from those estimates.

Risks and Uncertainties

The Company’s operations are subject to significant risk and uncertainties including financial, operational, competition and potential risk of business failure. The risk of social and governmental factors is also a concern since the Company is headquartered in Dubai.

Cash

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At June 30, 2014 and at December 31, 2013 respectively; the Company had no cash equivalents.

Accounts Receivable and Allowance for Doubtful Accounts

The Company recognizes accounts receivable in connection with the services provided. The Company recognizes an allowance for doubtful accounts based on an analysis of current receivables aging and expected future write-offs, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. At the quarter ended June 30, 2014, the Company had no bad debt.

Marketable Securities

(A) Classification of Securities

At the time of the acquisition, a security is designated as held-to-maturity, available-for-sale or trading, which depends on the ability and intent to hold such security to maturity. Securities classified as trading and available-for-sale are reported at fair value, while securities classified as held-to-maturity are reported at amortized cost. The Company recorded unrealized loss on marketable securities of $0 and $0 as at June 30, 2014 and December 31, 2013.

Cost Method Investment

At March 31, 2013, the Company had investment in securities of two different Companies, having a cost of $163,000 that is treated as a cost method investment. The value of the cost method investment pertains to the receipt of 9.2% of the common stock in a private company in which the best evidence of value was the services rendered and a further 9.86% of the common stock in another private company in which the best evidence of value was the services rendered.

At June 30, 2013, there were identifiable events or changes in circumstances that had a significant adverse effect on the value of one of the investments hence the Company impaired $160,000 of the investments.

Also at June 30, 2013, the Company received 2,000,000 shares from a private company and client having a cost of $2,000 that is treated as a cost method investment. The value of the cost method investment pertains to the receipt of 8.55% of the common stock in a private company in which the best evidence of value was the services rendered.

Equity investment in companies is accounted for under the cost method as the equity investments do not have readily determinable fair values. As per ASC codification 320 “Certain Investments in Debt and Equity Securities”, non-marketable equity securities that do not have a readily determinable fair value are not required to be accounted for under the equity method and are typically carried at cost.

(B) Other than Temporary Impairment

The Company reviews its equity investment portfolio for any unrealized losses that would be deemed other-than-temporary and require the recognition of an impairment loss in income. If the cost of an investment exceeds its fair value, the Company evaluates, among other factors, general market conditions, the duration and extent to which the fair value is less than cost, and the Company’s intent and ability to hold the investments. Management also considers the type of security, related-industry and sector performance, as well as published investment ratings and analyst reports, to evaluate its portfolio. Once a decline in fair value is determined to be other than temporary, an impairment charge is recorded and a new cost basis in the investment is established. If market, industry, and/or investee conditions deteriorate, the Company may incur future impairments. The Company did not carry out any impairments during the quarter ended June 30, 2014.

Beneficial Conversion Feature

For conventional convertible debt where the rate of conversion is below market value, the Company records a “beneficial conversion feature” (“BCF”) and related debt discount.

When the Company records a BCF, the relative fair value of the BCF would be recorded as a debt discount against the face amount of the respective debt instrument. The discount would be amortized to interest expense over the life of the debt.

Debt issue costs and debt discount

The Company may pay debt issue costs, and record debt discounts in connection with raising funds through the issuance of convertible debt. These costs are amortized over the life of the debt to interest expense. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.

Original issue discount

For certain convertible debt issued, the Company provides the debt holder with an original issue discount. The original issue discount is recorded to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.

Fixed Assets

Fixed Assets are to be stated at cost of acquisition less accumulated depreciation. Depreciation is provided based on estimated useful lives of the assets. Cost of improvements that substantially extend the useful lives of assets can be capitalized. Repairs and maintenance expenses are to be charged to expense when incurred. In case of sale or disposal of an asset, the cost and related accumulated depreciation are removed from the consolidated financial statement.

	June 30, 2014			December 31, 2013
Office equipment	$	9,316		$	9,316
Accumulated depreciation	$	(2,476	)	$	(1,499	)
Net fixed assets	$	6,840		$	7,817

During the six months ended June 30, 2014 and June 30, 2013, the Company expensed $977 and $662 respectively for depreciation.

Revenue Recognition

We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable.

The Company’s services do not include a provision for cancellation, termination, or refunds.

For the six months ended June 30, 2014 and June 30, 2013 the Company received cash only as consideration for services rendered.

At June 30, 2014 and June 30, 2013, the Company had the following concentrations of accounts receivables with customers:

Customer	June 30, 2014			June 30, 2013
ACI		100	%		0	%
		100	%		0	%

For the three months ended June 30, 2014 and June 30, 2013, the Company had the following concentrations of revenues with customers:

Customer	June 30, 2014			June 30, 2013
ACI		0	%		100	%
PCI		15	%		0	%
STV		13	%		0	%
SAC		72	%		0	%
		100	%		100	%

The company currently holds the following equity securities in private and also reporting companies:

Company	No. Shares		Status
M1 Lux AG		2,000,000	Private Company
Monkey Rock Group Inc.		1,500,000	Reporting Company – OTC
Voz Mobile Cloud Limited		3,200,000	Private Company
Arrow Cars International Inc.		3,000,000	Reporting Company – OTC
Direct Security Integration Inc.		2,000,000	Private Company
		11,700,000

Deferred Revenue

Deferred revenue represents fees that have been received by the Company for requested services that have not been substantially completed. During the year ended December 31, 2013, the Company received $307,000 from two clients for service to be rendered during the year 2013 and 2014. At June 30, 2014, the Company recognized $216,000 ($60,000 at December 31, 2013) of this deferred revenue as revenue; leaving a deferred revenue balance of $31,000.

Share-based payments

The Company recognizes all forms of share-based payments, including stock option grants, warrants and restricted stock grants at their fair value on the grant date, which is based on the estimated number of awards that are ultimately expected to vest.

Share based payments, excluding restricted stock, are valued using a Black-Scholes pricing model. Share based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The grants are amortized on a straight-line basis over the requisite service periods, which is generally the vesting period.

When computing fair value, the Company considered the following variables:

● The risk-free interest rate assumption is based on the U.S. Treasury yield for a period consistent with the expected term of the share based payment in effect at the time of the grant.

● The expected term was developed by management estimate.

● The Company has not paid any dividends on common stock since inception and does not anticipate paying dividends on its common stock in the near future.

● The expected volatility is based on management estimates regarding private company stock, where future trading of stock in a public market is expected to be highly volatile.

● The forfeiture rate is based on historical experience.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss carry-forwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided to reduce the carrying amount of deferred income tax assets if it is considered more likely than not that some portion, or all, of the deferred income tax assets will not be realized.

Earnings per Share

Basic earnings (loss) per share are computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The Company has no common stock equivalents, which, if exercisable, would be dilutive. A separate computation of diluted earnings (loss) per share is not presented.

Fair Value of Financial Assets and Liabilities

The carrying amounts reflected in the balance sheets for cash, accounts payable and accrued expenses approximate the respective fair values due to the short maturities of these items. The Company does not hold any investments that are available-for-sale.

As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Loans to Third Parties

On March 22, 2013 the Company granted a loan to Dreamscapes Properties International Inc. The principal amount lent was $6,000, the agreed interest rate was 5% per annum and finally, the loan would have to be repaid no later than one year from the date that the loan was granted. This loan is currently in default, the Company plans to speak to Dreamscapes Properties International Inc. with a view to discuss a payment plan over the next 6 months.

Recent Accounting Pronouncements

There are no new accounting pronouncements that have any impact on the Company’s financial statements.

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Temporary Equity and Stockholders' Equity (Details Narrative) (USD $)	0 Months Ended	6 Months Ended			0 Months Ended		6 Months Ended	0 Months Ended		0 Months Ended
	Nov. 21, 2012	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 04, 2013 Direct Securities Integration, Inc [Member]	Apr. 24, 2013 Robert Sullivan [Member]	Jun. 30, 2014 Robert Sullivan [Member]	Dec. 12, 2013 Convertible Series A Preferred Stock [Member]	Jun. 30, 2014 Convertible Series A Preferred Stock [Member]	Dec. 12, 2013 Convertible Series A Preferred Stock [Member] Employee [Member]	Nov. 21, 2012 Convertible Series A Preferred Stock [Member] Employee [Member]	Dec. 12, 2013 Convertible Series A Preferred Stock [Member] Chief Executive Officer [Member]	Dec. 12, 2013 Convertible Series A Preferred Stock [Member] Chief Financial Officer [Member]	Nov. 21, 2012 Chief Financial Officer [Member] Convertible Series A Preferred Stock [Member]	Nov. 13, 2012 Convertible Series A Preferred Stock [Member] positiveinteger	Nov. 30, 2011 Convertible Series A Preferred Stock [Member]
Preferred stock, shares authorized		5,000,000		5,000,000												5,000,000
Preferred stock, value		$ 1,020,000		$ 1,020,000												$ 480,000
Preferred stock, price per share		$ 0.001		$ 0.001												$ 0.096
Number of voting rights for each preferred stock															10
Conversion of Preferred stock into common stock	5,333,320														10
Series A Preferred shares returned by Chief Executive Officer		3,466,668
Number of preferred stock retained balance		1,533,332
Series A preferred stock transferred from Chief Executive Officer	533,332										133,332			400,000
Shares issued per share	$ 0.25							$ 0.12
Contribution by Officer	1,333,330
Stock issued during period for consideration of services, shares						150,000		450,000		50,000		200,000	200,000
Stock issued during period for consideration of services		8,250	291,933					540,000
Redeemable Series A - Preferred Stock, Redemption amount		480,000		480,000					1,020,000
Minimal value guarantee by company							100,000
Fair value of restricted shares		43,500
Value of share recorded as stock payable		77,350
Proceeds from Direct Integration of notes payable agreement					50,000
Number of restricted shares in Lieu of Interest					10,000
Value of restricted shares in Lieu of Interest		$ 5,500

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Debt - Schedule of Accounts Payable To Related Parties (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
Salaries	$ 356,395	$ 182,080
Expenses		9,973
Accounts Payable -Related parties	$ 356,395	$ 192,053

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Temporary Equity and Stockholders' Equity - Schedule of Issuance of Cash, Debt Discount and Services (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]
Stock issued for payment of debt, Shares	295,567
Stock issued for payment of debt, Shares	501,149
Stock issued for services, shares	165,000
Stock issued during period, shares	961,716
Stock issued for payment of debt, Valuation	$ 12,000
Stock issued for payment of debt, Valuation	109,819
Stock issued for services, Valuation	8,250
Stock issued during period, valuation	$ 130,069
Stock issued for payment of debt, Range of value per share	$ 0.0406
Stock issued for payment of debt, Range of value per share	$ 0.219
Stock issued for services, Range of value per share	$ 0.0500

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Commitments and Contingencies (Details Narrative) (USD $)	0 Months Ended	6 Months Ended
	Apr. 24, 2013	Jun. 30, 2014
Accrued advertising expense		$ 20,000
Value of share recorded as stock payable		77,350
Robert Sullivan [Member]
Payment of cash for consideration of advertisement service	30,000	10,000
Stock issued during the period for advertisement services, shares	150,000
Minimal value guarantee by the company		$ 100,000

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Going Concern

6 Months Ended

Jun. 30, 2014

Going Concern

Going Concern

Note 3 - Going Concern

As reflected in the accompanying financial statements, the Company had a net loss of $284,657 and $507,429 for the three and six months ended June 30, 2014 respectively. Net cash used in operations of $(253,498) for the six months ended June 30, 2014; and a working capital deficit of $1,485,691 and stockholders´ deficit of $2,818,326 as of June 30, 2014. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The ability of the Company to continue its operations is dependent on Management’s plans, which include the raising of capital through debt and/or equity markets, until such time that funds provided by operations are sufficient to fund working capital requirements. The Company may need to incur liabilities with certain related parties to sustain the Company’s existence.

The Company expects to use its working capital to implement a marketing program to increase awareness of its business model, which includes, but is not limited to, acquisition of private companies, with the intention of taking those companies public in the United States and possibly dual listing those entities abroad. In the event that operating cash flows are slowed or nonexistent, the Company plans to reduce its overhead wherever possible.

Depending upon market conditions, the Company may not be successful in raising sufficient additional capital to achieve its business objectives. In such event, the business, prospects, financial condition, and results of operations could be materially adversely affected hence there is certain doubt about the Company’s ability to continue as a going concern.

The accompanying consolidated 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. These consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

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Other Current Assets - Schedule of Other Current Assets (Details) (USD $)	Jun. 30, 2014		Dec. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Cash collateral paid to secure loan	$ 450,000	[1]	$ 450,000
Retainers paid to legal counsel	2,201		2,201
Other Assets, Current	$ 452,201		$ 452,201

[1] Please refer to Note 5(C) - Notes payable

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Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current Assets
Cash	$ 4,058	$ 48,856
Accounts receivable	2,520	2,520
Prepaids	28,653	33,799
Other current assets	452,201	452,201
Loans receivable	6,000	6,000
Total current assets	493,432	543,376
Investment, cost	5,000	5,000
Fixed assets, net	6,840	7,817
Total assets	505,272	556,193
Current Liabilities
Deferred revenue	31,000	247,000
Accounts payable and accrued liabilities	46,894	38,989
Accounts payable - related parties	356,395	192,053
Loans payable - related party	57,894	57,194
Accrued interest	308,198	120,918
Notes payable - net of unamortized discount of $113,604 and $25,858 respectively	1,178,742	996,531
Total current liabilities	1,979,123	1,652,685
Long term liabilities
Convertible loan payable - related party	324,475	324,475
Total long term liabilities	324,475	324,475
Redeemable Series A, Convertible Preferred Stock: 5,000,000 shares authorized and 1,983,332 and 5,000,000 shares issued and outstanding, respectively, $0.001 par value (redemption amount $480,000) (liquidation preference of $0)	1,020,000	1,020,000
Stockholders' Deficit
Common stock: 70,000,000 shares authorized; $0.001 par value 32,005,918 and 31,044,202 shares issued and outstanding, respectively.	32,006	31,045
Additional paid in capital	2,786,767	2,657,659
Stock payable	82,850	82,850
Accumulated deficit	(5,719,949)	(5,212,521)
Total stockholders' deficit	(2,818,326)	(2,440,967)
Total liabilities, redeemable preferred stock & stockholders' deficit	$ 505,272	$ 556,193

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Basis of Presentation

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basic of Presentation

Note 1 - Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.

The unaudited interim consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10K, which contains the audited financial statements and notes thereto, together with the Management’s Discussion and Analysis, for the year ended December 31, 2013. The interim results for the period ended June 30, 2014 are not necessarily indicative of results for the full fiscal year.

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Summary of Fixed Assets (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Office equipment	$ 9,316	$ 9,316
Accumulated depreciation	(2,476)	(1,499)
Net fixed assets	$ 6,840	$ 7,817

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Schedule of Revenues from Major Customers (Details)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Percentage of revenue from major customers	100.00%	100.00%
Customer ACI [Member]
Percentage of revenue from major customers	0.00%	100.00%
Customer PCI [Member]
Percentage of revenue from major customers	15.00%	0.00%
Customer STV [Member]
Percentage of revenue from major customers	13.00%	0.00%
Customer SAC [Member]
Percentage of revenue from major customers	72.00%	0.00%

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Nature of Operations

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations

Note 2 - Nature of Operations

Global Equity Partners, Plc. (“GEP”), a private company, was organized under the laws of the Republic of Seychelles on September 2, 2009. Global Equity International Inc. (the “Company” or “GEI”), a reporting company since June 21, 2012, was organized under the laws of the state of Nevada on October 1, 2010. On November 15, 2010, GEP executed a reverse recapitalization with GEI.

Revenue is generated from business consulting services, introduction fees, and equity participation.

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Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Notes payable, unamortized discount	$ 113,604	$ 25,858
Redeemable Series A - Convertible Preferred Stock, shares authorized	5,000,000	5,000,000
Redeemable Series A - Convertible Preferred Stock, shares issued	1,983,332	5,000,000
Redeemable Series A - Convertible Preferred Stock, shares outstanding	1,983,332	5,000,000
Redeemable Series A - Convertible Preferred Stock, par value	$ 0.001	$ 0.001
Redeemable Series A - Convertible Preferred Stock, redemption amount	480,000	480,000
Redeemable Series A - Convertible Preferred Stock, liquidation preference value	$ 0	$ 0
Common stock, shares authorized	70,000,000	70,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	32,005,918	31,044,202
Common stock, shares outstanding	32,005,918	31,044,202

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Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Schedule of Loans Payable Activity

The following table represents the loans payable activity as of June 30, 2014 and as of December 31, 2013 respectively:

Loans payable – related party – December 31, 2013	$	57,194
Proceeds from loans		700
Repayments		-
Loans payable – related party – June 30, 2014	$	57,894

Schedule of Accounts Payable to Related Parties

The following table represents the accounts payable to related parties as of March 31, 2014 and December 31, 2013, respectively:

	June 30, 2014		December 31, 2013
Salaries		356,395		182,080
Expenses		-		9,973
	$	356,395	$	192,053

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 13, 2014
Document And Entity Information
Entity Registrant Name	GLOBAL EQUITY INTERNATIONAL INC
Entity Central Index Key	0001533106
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		32,659,418
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2014

XML

Temporary Equity and Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Schedule of Issuance of Cash, Debt Discount and Services

During the six months ended June 30, 2014 the Company issued the following shares:

Date	Type	Shares		Valuation		Range of value per share
3/17/2014	Stock issued for payment of debt		295,567	$	12,000	$	0.0406
4/01/2014	Stock issued for payment of debt		501,149	$	109,819	$	0.219
4/22/2014	Stock issued for services		165,000	$	8,250	$	0.0500
	Totals		961,716	$	130,069

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Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]
Revenue	$ 193,750		$ 346,000	$ 6,849
General and administrative expenses	50,959	53,384	96,200	123,394
Salaries	222,783	120,000	387,718	240,000
Professional services	63,665	217,230	100,433	394,270
Depreciation	506	333	977	662
Impairment of financial assets		160,000		160,000
Total operating expenses	337,912	550,947	585,328	918,326
Net loss from operations	(144,162)	(550,947)	(239,328)	(911,477)
Other income (expenses):
Interest (expense)	(136,533)	(936)	(258,651)	(936)
Amortization of debt discount	(20,369)	(8,212)	(25,858)	(8,212)
Gain on settlement of debt	16,560	13,200	16,560	13,200
Exchange rate gain / (loss)	(153)		(153)
Total income (expenses)	(140,495)	4,052	(268,102)	4,052
Net loss	$ (284,657)	$ (546,895)	$ (507,429)	$ (907,425)
Weighted average number of common shares outstanding - basic	31,650,948	30,626,540	31,526,843	30,162,061
Net loss per common share - basic	$ (0.01)	$ (0.02)	$ (0.01)	$ (0.03)

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and contingencies

Note 7 – Commitments and contingencies

On April 24, 2013, the Company entered into advertisement contract with Robert Sullivan. The Company is required to pay $30,000 in cash and issue 150,000 shares. During the current period the Company has paid $10,000 in cash, the balance of $20,000 is due within 60 days of the signing of the agreement; this amount is unpaid as at June 30, 2014. The Company has guaranteed a value of $100,000 for its shares at the time of legend removal. As of June 30, 2014 the legend is still not removed, the Company has accrued for the shortfall of $77,350 as a stock payable.

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Temporary Equity and Stockholders' Equity

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Temporary Equity and Stockholders' Equity

Note 6 - Temporary Equity and Stockholders’ Equity

(A) Preferred Stock

On November 30, 2011, the Company authorized and designated 5,000,000 Series “A” convertible preferred shares of stock, as a bonus to its Chief Executive Officer for services rendered, having a fair value of $480,000 ($0.096/share), based upon the fair value of the services rendered, which represented the best evidence of fair value.

On November 13, 2012, the Company’s board of directors approved an amendment to the Certificate of Designation; to amend the voting rights and conversion rights of the Company’s Series “A” preferred shares as follows:

● Voting Rights: 10 votes per share (votes along with common stock);

● Conversion Rights: Each share of Series “A” Preferred is convertible into ten (10) shares of common stock 1 day after the second anniversary of issuance;

● Dividend Rights: None;

● Liquidation Rights: None

The board of directors subsequently agreed that the Chief Executive Officer of the Company would retire to treasury 3,466,668 of these Series “A” preferred shares and retain, the balance, 1,533,332 shares.

On November 21, 2012 the Company’s CEO gave 533,332 of his Series “A” preferred shares to the Company’s CFO (400,000) and two other employees (133,332). As the 533,332 preferred shares will convert into 5,333,320 on December 1, 2014 and the price per common share on November 21, 2012 was $0.25, the contribution by the officer to the Company was calculated at $1,333,330.

On December 12, 2013 the Company issued 450,000 Series “A” preferred shares to the Company’s CFO (200,000), CEO (200,000) and one employee (50,000) having a fair value of $540,000 ($0.12 per share), based upon the fair value of the services rendered, which represented the best evidence of fair value.

The Company has determined that no beneficial conversion feature or derivative financial instruments exist in connection with the Series “A”, convertible preferred stock, as the conversion rate was fixed at an amount equal to the market price of the Company’s common stock. Additionally, there are a stated number of fixed shares.

Redeemable Preferred Stock

Under Regulation S-X, Rule 5-02-28, preferred stock must be classified outside of stockholders’ equity when the stock is:

● Redeemable at a fixed or determinable price on a fixed or determinable date,

● Redeemable at the option of the holder, or

● Redeemable based on conditions outside the control of the issuer.

The Series “A”, convertible preferred stock is redeemable on December 1, 2014 and it is presented on the balance sheets as “Redeemable Preferred Stock” in a manner consistent with temporary equity. There are no other features associated with this class of redeemable preferred stock, which require disclosure. The carrying amount and redemption amount is $1,020,000. There are no redemption requirements.

(B) Common Stock

During the six months ended June 30, 2014 the Company issued the following shares:

Date	Type	Shares		Valuation		Range of value per share
3/17/2014	Stock issued for payment of debt		295,567	$	12,000	$	0.0406
4/01/2014	Stock issued for payment of debt		501,149	$	109,819	$	0.219
4/22/2014	Stock issued for services		165,000	$	8,250	$	0.0500
	Totals		961,716	$	130,069

(C) Stock payable

On April 24, 2013, the Company entered into a consulting agreement with Robert Sullivan. As per the agreement the Company will be issuing 150,000 restricted shares to the consultant. The agreement also stipulates a condition where the Company guarantees a minimal value of $100,000 at the time of legend removal and any shortfall will be taken care of by issuance of additional shares. As of the date of the agreement the shares are valued at $43,500. As of June 30, 2014 $77,350 was recorded as stock payable.

On June 4, 2013, the Company received $50,000 from Direct Securities Integration, Inc in pursuance of a notes payable agreement. The agreement stipulates a condition for the payment of 10,000 shares in lieu of interest on the day of agreement. Such shares are not issued as of June 30, 2014, and are valued at $5,500.

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Schedule of Accounts Receivables with Major Customers (Details)	Jun. 30, 2014	Jun. 30, 2013
Percentage of account receivables from major customers	100.00%	0.00%
Customer ACI [Member]
Percentage of account receivables from major customers	100.00%	0.00%

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Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Current Assets

The following is a summary of the Company’s other current assets:

	June 30, 2014			December 31, 2013
Cash collateral paid to secure loan	$	450,000	(1)	$	450,000
Retainers paid to legal counsel		2,201			2,201
	$	452,201		$	452,201

(1) Please refer to Note 5(C) – Notes payable

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation

Global Equity International Inc. is the parent company of its 100% subsidiary Global Equity Partners Plc. All significant inter-company accounts and transactions have been eliminated in consolidation.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non confirming events. Accordingly, the actual results could differ from those estimates.

Risks and Uncertainties

Risks and Uncertainties

The Company’s operations are subject to significant risk and uncertainties including financial, operational, competition and potential risk of business failure. The risk of social and governmental factors is also a concern since the Company is headquartered in Dubai.

Cash

Cash

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At June 30, 2014 and at December 31, 2013 respectively; the Company had no cash equivalents.

Accounts Receivable and Allowance for Doubtful Accounts

Accounts Receivable and Allowance for Doubtful Accounts

The Company recognizes accounts receivable in connection with the services provided. The Company recognizes an allowance for doubtful accounts based on an analysis of current receivables aging and expected future write-offs, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. At the quarter ended June 30, 2014, the Company had no bad debt.

Marketable Securities

Marketable Securities

(A) Classification of Securities

At the time of the acquisition, a security is designated as held-to-maturity, available-for-sale or trading, which depends on the ability and intent to hold such security to maturity. Securities classified as trading and available-for-sale are reported at fair value, while securities classified as held-to-maturity are reported at amortized cost. The Company recorded unrealized loss on marketable securities of $0 and $0 as at June 30, 2014 and December 31, 2013.

Cost Method Investment

At March 31, 2013, the Company had investment in securities of two different Companies, having a cost of $163,000 that is treated as a cost method investment. The value of the cost method investment pertains to the receipt of 9.2% of the common stock in a private company in which the best evidence of value was the services rendered and a further 9.86% of the common stock in another private company in which the best evidence of value was the services rendered.

At June 30, 2013, there were identifiable events or changes in circumstances that had a significant adverse effect on the value of one of the investments hence the Company impaired $160,000 of the investments.

Also at June 30, 2013, the Company received 2,000,000 shares from a private company and client having a cost of $2,000 that is treated as a cost method investment. The value of the cost method investment pertains to the receipt of 8.55% of the common stock in a private company in which the best evidence of value was the services rendered.

Equity investment in companies is accounted for under the cost method as the equity investments do not have readily determinable fair values. As per ASC codification 320 “Certain Investments in Debt and Equity Securities”, non-marketable equity securities that do not have a readily determinable fair value are not required to be accounted for under the equity method and are typically carried at cost.

(B) Other than Temporary Impairment

The Company reviews its equity investment portfolio for any unrealized losses that would be deemed other-than-temporary and require the recognition of an impairment loss in income. If the cost of an investment exceeds its fair value, the Company evaluates, among other factors, general market conditions, the duration and extent to which the fair value is less than cost, and the Company’s intent and ability to hold the investments. Management also considers the type of security, related-industry and sector performance, as well as published investment ratings and analyst reports, to evaluate its portfolio. Once a decline in fair value is determined to be other than temporary, an impairment charge is recorded and a new cost basis in the investment is established. If market, industry, and/or investee conditions deteriorate, the Company may incur future impairments. The Company did not carry out any impairments during the quarter ended June 30, 2014.

Beneficial Conversion Feature

Beneficial Conversion Feature

For conventional convertible debt where the rate of conversion is below market value, the Company records a “beneficial conversion feature” (“BCF”) and related debt discount.

When the Company records a BCF, the relative fair value of the BCF would be recorded as a debt discount against the face amount of the respective debt instrument. The discount would be amortized to interest expense over the life of the debt.

Debt Issue Costs and Debt Discount

Debt issue costs and debt discount

The Company may pay debt issue costs, and record debt discounts in connection with raising funds through the issuance of convertible debt. These costs are amortized over the life of the debt to interest expense. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.

Original Issue Discount

Original issue discount

For certain convertible debt issued, the Company provides the debt holder with an original issue discount. The original issue discount is recorded to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.

Fixed Assets

Fixed Assets

Fixed Assets are to be stated at cost of acquisition less accumulated depreciation. Depreciation is provided based on estimated useful lives of the assets. Cost of improvements that substantially extend the useful lives of assets can be capitalized. Repairs and maintenance expenses are to be charged to expense when incurred. In case of sale or disposal of an asset, the cost and related accumulated depreciation are removed from the consolidated financial statement.

	June 30, 2014			December 31, 2013
Office equipment	$	9,316		$	9,316
Accumulated depreciation	$	(2,476	)	$	(1,499	)
Net fixed assets	$	6,840		$	7,817

During the six months ended June 30, 2014 and June 30, 2013, the Company expensed $977 and $662 respectively for depreciation.

Revenue Recognition

Revenue Recognition

We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable.

The Company’s services do not include a provision for cancellation, termination, or refunds.

For the quarters ended March 31, 2014 and March 31, 2013 the Company received cash only as consideration for services rendered.

At March 31, 2014 and March 31, 2013, the Company had the following concentrations of accounts receivables with customers:

Customer	March 31, 2014			March 31, 2013
ACI		100	%		3	%
		100	%		3	%

For the three months ended March 31, 2014 and March 31, 2013, the Company had the following concentrations of revenues with customers:

Customer	March 31, 2014			March 31, 2013
YMD		16	%		0	%
MHB		16	%		0	%
IOA		16	%		0	%
SAC		30	%		0	%
DSI		20	%		0	%
ACI		0	%		100	%
		100	%		100	%

The company currently holds the following equity securities in private and also reporting companies:

Company	No. Shares		Status
M1 Lux AG		2,000,000	Private Company
Monkey Rock Group Inc.		1,500,000	Reporting Company – OTC
Voz Mobile Cloud Limited		3,200,000	Private Company
Arrow Cars International Inc.		3,000,000	Reporting Company – OTC
Direct Security Integration Inc.		2,000,000	Private Company
		11,700,000

Deferred Revenue

Deferred Revenue

Deferred revenue represents fees that have been received by the Company for requested services that have not been substantially completed. During the year ended December 31, 2013, the Company received $307,000 from two clients for service to be rendered during the year 2013 and 2014. At June 30, 2014, the Company recognized $216,000 ($60,000 at December 31, 2013) of this deferred revenue as revenue; leaving a deferred revenue balance of $31,000.

Share-based Payments

Share-based payments

The Company recognizes all forms of share-based payments, including stock option grants, warrants and restricted stock grants at their fair value on the grant date, which is based on the estimated number of awards that are ultimately expected to vest.

Share based payments, excluding restricted stock, are valued using a Black-Scholes pricing model. Share based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The grants are amortized on a straight-line basis over the requisite service periods, which is generally the vesting period.

When computing fair value, the Company considered the following variables:

● The risk-free interest rate assumption is based on the U.S. Treasury yield for a period consistent with the expected term of the share based payment in effect at the time of the grant.

● The expected term was developed by management estimate.

● The Company has not paid any dividends on common stock since inception and does not anticipate paying dividends on its common stock in the near future.

● The expected volatility is based on management estimates regarding private company stock, where future trading of stock in a public market is expected to be highly volatile.

● The forfeiture rate is based on historical experience.

Income Taxes

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss carry-forwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided to reduce the carrying amount of deferred income tax assets if it is considered more likely than not that some portion, or all, of the deferred income tax assets will not be realized.

Earnings Per Share

Earnings per Share

Basic earnings (loss) per share are computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The Company has no common stock equivalents, which, if exercisable, would be dilutive. A separate computation of diluted earnings (loss) per share is not presented.

Fair Value of Financial Assets and Liabilities

Fair Value of Financial Assets and Liabilities

The carrying amounts reflected in the balance sheets for cash, accounts payable and accrued expenses approximate the respective fair values due to the short maturities of these items. The Company does not hold any investments that are available-for-sale.

As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Loans to Third Parties

Loans to Third Parties

On March 22, 2013 the Company granted a loan to Dreamscapes Properties International Inc. The principal amount lent was $6,000, the agreed interest rate was 5% per annum and finally, the loan would have to be repaid no later than one year from the date that the loan was granted. This loan is currently in default, the Company plans to speak to Dreamscapes Properties International Inc. with a view to discuss a payment plan over the next 6 months.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

There are no new accounting pronouncements that have any impact on the Company’s financial statements.

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Other Current Assets

6 Months Ended

Jun. 30, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Current Assets

Note 8 – Other current assets

The following is a summary of the Company’s other current assets:

	June 30, 2014			December 31, 2013
Cash collateral paid to secure loan	$	450,000	(1)	$	450,000
Retainers paid to legal counsel		2,201			2,201
	$	452,201		$	452,201

(1) Please refer to Note 5(C) – Notes payable

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Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Note 9 – Subsequent Events

On July 22, 2014, the Company issue a total of 453,500 shares at $0.15 to four service providers that have introduced new business to our Company.

On July 24, 2014 the Company was engaged by a software company based in Sri Lanka, Singapore and India. The company has been recently valued by Ernest and Young at $318 million. The terms of our engagement were to assist the company with a NASDAQ OTCQB listing in the USA. The value of the contract was $250,000 and 10% of the issued and outstanding shares in the company once the Company obtains a listing. The client has paid to date a total of $170,000.

On July 27, 2014 the Company was engaged by a Dutch based client that has a FDA approved treatment for peritoneal cancer. The terms of our engagement were to assist the company with NASDAQ Dubai IPO. The value of the contract was $465,000 and 7% of the issued and outstanding shares in the company once the Company IPO´s its stock on the NASDAQ Dubai. The client has paid to date a total of $230,000.

On August 1, 2014 the Company formally engaged a Chicago based IR/PR firm called Martin E. Janis Inc. The agreement was to pay a retainer for a minimum of 6 months at $7,500 per month and also an issuance of 200,000 restricted shares. We also agreed to a get-out clause for the first month.

On August 6, 2014 the Company was formally informed that the $3,540,000 loan agreed with a United Kingdom financial institution on December 9 2013, will be due to commence drawdowns from August 15, 2014 subject to our company meeting the conditions precedent stated in the loan agreement.

On August 8, 2014 the party that issued the Company with a 12 month $50,000 convertible loan on June 4, 2013, agreed to convert the loan into a payment on account for services to be rendered in the near future.

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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Summary of Fixed Assets

	June 30, 2014			December 31, 2013
Office equipment	$	9,316		$	9,316
Accumulated depreciation	$	(2,476	)	$	(1,499	)
Net fixed assets	$	6,840		$	7,817

Schedule of Accounts Receivables with Major Customers

At June 30, 2014 and June 30, 2013, the Company had the following concentrations of accounts receivables with customers:

Customer	June 30, 2014			June 30, 2013
ACI		100	%		0	%
		100	%		0	%

Schedule of Revenues from Major Customers

For the three months ended June 30, 2014 and June 30, 2013, the Company had the following concentrations of revenues with customers:

Customer	June 30, 2014			June 30, 2013
ACI		0	%		100	%
PCI		15	%		0	%
STV		13	%		0	%
SAC		72	%		0	%
		100	%		100	%

Schedule of Equity Securities in Private Companies

The company currently holds the following equity securities in private and also reporting companies:

Company	No. Shares		Status
M1 Lux AG		2,000,000	Private Company
Monkey Rock Group Inc.		1,500,000	Reporting Company – OTC
Voz Mobile Cloud Limited		3,200,000	Private Company
Arrow Cars International Inc.		3,000,000	Reporting Company – OTC
Direct Security Integration Inc.		2,000,000	Private Company
		11,700,000

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Summary of Significant Accounting Policies (Details Narrative) (USD $)	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Mar. 22, 2013
Cash equivalents			$ 0		$ 0		$ 0
Unrealized loss on marketable securities					0		0
Bad debts			0
Fair value of cost method investment	2,000	163,000		2,000		2,000
Value of cost method investment pertains to receipt of common stock in private company	8.55%	9.20%
Value of cost method investment pertains to receipt of common stock in another private company		9.86%
Impairment of investments	160,000
Number of shares received from private company, shares	2,000,000				11,700,000
Depreciation expense			506	333	977	662
Revenue from services							307,000
Recognized deferred revenue					216,000		60,000
Deferred revenue			31,000		31,000		247,000
Principal amount lent			$ 6,000		$ 6,000		$ 6,000	$ 6,000
Interest rate								5.00%
Global Equity Partners Plc [Member]
Percentage of equity ownership interest			100.00%		100.00%

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Debt (Details Narrative)

0 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

0 Months Ended

Feb. 27, 2014

USD ($)

Dec. 12, 2013

Dec. 07, 2013

USD ($)

Oct. 17, 2013

USD ($)

Sep. 09, 2013

USD ($)

Jun. 04, 2013

USD ($)

Jun. 30, 2014

USD ($)

Jun. 30, 2013

USD ($)

Jun. 30, 2014

USD ($)

Jun. 30, 2013

USD ($)

Jun. 12, 2014

USD ($)

Apr. 02, 2014

USD ($)

Mar. 17, 2014

USD ($)

Dec. 31, 2013

USD ($)

Nov. 29, 2013

USD ($)

Oct. 09, 2013

USD ($)

Jun. 12, 2014

Minimum [Member]

Jun. 12, 2014

Maximum [Member]

Jun. 12, 2014

Convetible Debt [Member]

USD ($)

May 01, 2014

Convetible Debt [Member]

USD ($)

Apr. 02, 2014

Convetible Debt [Member]

USD ($)

Dec. 07, 2013

GBP [Member]

GBP (£)

Oct. 17, 2013

GBP [Member]

USD ($)

Oct. 09, 2013

GBP [Member]

GBP (£)

Jun. 30, 2014

Chief Executive Officer [Member]

USD ($)

Jun. 30, 2014

Chief Financial Officer [Member]

USD ($)

Dec. 09, 2013

United Kingdom Resident [Member]

USD ($)

Nov. 29, 2013

United Kingdom Resident [Member]

USD ($)

Due to officers

$ 209,475

$ 115,000

Percentage of debt instrument, accrued interest rate

10.00%

10.00%

4.50%

Common restricted shares value per share

$ 1.20

$ 1.20

Loan payable

324,475

324,475

Interest payable

40,560

40,560

1,300

Conversion of original debt into common stock

50,000

Shares issued for consideration of debt

10,000

Debt Instrument, Convertible, Conversion Price

$ 0.50

$ 0.0435

$ 0.0406

$ 0.50

Secured convertible loans

32,500

55,000

Debt discount percentage

42.00%

25.00%

Debt maturity date

Jun. 11, 2014

May 01, 2015

Dec. 10, 2014

Nov. 25, 2014

Debt value include principal and interest, percentage

130.00%

Convertible debt principal amount

12,000

Recorded debt discount

40,200

40,200

20,690

Secured loan

319,598

120,420

50,000

200,000

75,000

Capital and interest paid for loan

3,540,000

Issuance of restricted shares

10,000

Issuance of share repay lieu of interest

56,196

35,000

Issuance of restricted common stock additionally

20,000

Agreed to pay an extra interest for avoid defaulting loan

50,000

Guarantee loan amount

3,540,000

Debt instrument, interest rate

5.00%

8.00%

0.00%

8.00%

8.00%

8.00%

10.00%

Proceeds from loans - related parties

700

4,819

450,000

Amortization of debt discount

20,369

8,212

25,858

8,212

Convertible debt received

53,000

Percentage of discount to market based on average price

40.00%

40.00%

42.00%

Percentage of borrower payment equal to cash

130.00%

130.00%

Debt instrument face amount

20,500

Secured debt description

If the Company opts to pay the loan back on or before 180 days after the loans were granted, hence not converting the debts into equity; borrower shall make payment to the holders of an amount in cash equal to 140% of total amount due inclusive of principal and interest accrued. The company also agreed a two collateralized secured promissory notes (backend notes) under the same terms for a further $50,000 from each lender within six months of the first loans. This loan is not convertible unless the total amount, $100,000, is received as per both of the notes payable agreements.

Convertible notes payable

250,000

Debt discount

113,604

61,489

113,604

61,489

25,000

25,858

Conversion price lesser price per share

$ 0.30

Convertible loan payable - related party

$ 324,475

$ 324,475

$ 324,475

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Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities
Net loss	$ (507,429)	$ (907,425)
Adjustments to reconcile net loss to net cash used in operating activities
Gain on settlement of debt	(16,560)	(13,200)
Consulting revenues received in marketable securities		(3,000)
Depreciation	977	662
Common stock issued for services rendered	8,250	291,933
Common stock issued for interest	65,785
Amortization of debt discount	25,858	8,212
Impairment of financial assets		160,000
Changes in operating assets and liabilities:
Prepaids, cash	5,146	(2,495)
Accrued interest	191,667	544
Accounts payable and accrued liabilities	24,466	39,050
Accounts payable - related parties	164,342	67,410
Deferred revenue	(216,000)	120,000
Accounts receivable		145,000
Net cash used in operating activities:	(253,498)	(93,309)
Cash Flows used in investing activities:
Loans given to non-affiliate		(6,000)
Net cash used in investing activities		(6,000)
Cash flows from financing activities:
Proceeds from loans - related parties	700	4,819
Convertible loan payable	208,000	90,000
Repayment of notes payable		(9,500)
Proceeds from issuance of common stock		10,000
Net cash provided by financing activities	208,700	95,319
Net change in cash	(44,798)	(3,990)
Effect of Exchange Rates on Cash
Cash at Beginning of Period	48,856	4,852
Cash at End of Period	4,058	862
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities:
Accounts payable settled in shares	8,250	75,000
Prepaid expenses paid in stock		245,789
Debt discount recorded on notes payable	61,489	47,370
Conversion of balance in accounts payable - related party to loans payable		324,475
Notes payable settled in shares	$ 32,500	$ 2,000

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Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Debt

Note 5 - Debt

(A) Related Party – short term

The Company received loans from related parties. The loans are non-interest bearing, unsecured and due on demand. The following table represents the loans payable activity as of June 30, 2014 and as of December 31, 2013 respectively:

Loans payable – related party – December 31, 2013	$	57,194
Proceeds from loans		700
Repayments		-
Loans payable – related party – June 30, 2014	$	57,894

(B) Related party – long term

The Company has accrued salary to the officers and directors of the Company based on the terms of the employment agreements entered into with each officer. As at June 30, 2014, $209,475 was due to the Chief Executive Officer and $115,000 was due to the Chief Financial Officer. During the quarter ended March 31, 2013, the Company converted this amount to Convertible Loan Payable. This amount will be advanced for a term of two years and is repayable on demand and will accrue interest at 10% on the loan period. The agreement also gives an option to the officers of the Company to convert all or part of the debt that the Company maintains with them into restricted shares at $1.20 per share. The balance outstanding in the Loan Payable account as at June 30, 2014 is $324,475. The accrued interest payable at June 30, 2014 amounted to $40,560. The Company assessed if there is a beneficial conversion feature cost associated with this transaction, none was noted.

(C) Notes payable

On June 4, 2013, the Company secured a twelve month convertible loan for $50,000 with the understanding that the Company will issue 10,000 common restricted shares in lieu of interest, these shares are not issued as of June 30, 2014 and is accounted for as Stock Payable. The terms of the conversion will be either a $0.50 conversion price or a 25% discount to market based on an average price calculated on the 10 trading days prior to the conversion date, whichever is the lowest. On August 8, 2014 it was mutually agreed to convert this convertible loan into a payment on account for services to be rendered in Dubai in the near future.

On September 9, 2013, the Company secured a nine month convertible loan for $32,500 with an 8% interest rate due on June 11, 2014. The terms of the conversion will be a 42% discount to market based on an average price calculated on the 10 trading days prior to the conversion date. If the Company opts to pay the loan back on or before the 9 month period ends, hence not converting the debt into equity; borrower shall make payment to the holder of an amount in cash (the “Optional Prepayment Amount”) equal to 130% of total amount due inclusive of principal and interest accrued. On March 17, 2014 the Company decided to allow this funder to convert $12,000 of this debt in common stock at $0.0406 per share. On April 1, 2014 the Company decided to allow this funder to convert the rest of this debt in common stock at $0.0435 per share

On October 9, 2013, the Company secured a two month loan for GBP 75,000 (equivalent to $120,420) with the understanding that the Company will issue 10,000 common restricted shares, issued to the lender on December 7, 2013, and also repay 35,000 GBP (equivalent to $56,196) in lieu of interest. As the principal and interest was not paid back to the lender on time. The Company compensated the lender with an additional 20,000 common restricted shares and for this the lender agreed to five month extension. This stock compensation as issued to the lender also on December 12, 2013. On February 27, 2014, the Company agreed to pay an extra $50,000 of interest in order to avoid defaulting on the loan. It was mutually agreed that the capital and the interest would be paid once the $3,540,000 loan, applied for on December 9, 2013, from the United Kingdom financial institution was granted.

On October 17, 2013, the Company secured a three month bridge loan for 200,000 GBP (equivalent to $319,598) with the agreement to repay the principle plus 5% per month interest on or before January 18, 2014.

On November 29, 2013, the Company received a loan in the amount of $450,000 from United Kingdom resident and subsequently the Company issued a Convertible Note due on November 25, 2014 (“Convertible Note”). The Convertible Note will bear interest at the rate of 10% per annum until maturity. The Convertible Note may be converted into shares of the issuer’s common stock at a conversion price of $.50 per share at the option of the holder of the Convertible Note. If the Convertible Note is not paid in full or converted into common stock of the Company prior to its maturity date, then the Convertible Note will accrue interest at the rate of 4.5% per annum from the maturity date until paid in full. This $450,000 loan was used as a guarantee for a loan amounting to $3,540,000 applied for to a United Kingdom financial institution on December 9, 2013. At June 30, 2014 the loan had still not been approved due to technical reasons solely related to the lender. On August 8, 2014 the lender had confirmed that the Company would be able to commence drawing down on the loan from August 15, 2014 onwards.

On April 1, 2014, the Company received a $53,000 a nine month convertible loan that was signed on March 6, 2014. The loan carried an 8% interest rate and will due on December 10, 2014. The terms of the conversion will be a 42% discount to market based on an average price calculated on the 10 trading days prior to the conversion date. If the Company opts to pay the loan back on or before the 9 month period ends, hence not converting the debt into equity; borrower shall make payment to the holder of an amount in cash equal to 130% of total amount due inclusive of principal and interest accrued.

On April 1, 2014 the Company agreed issue stock at in order to pay off the rest of the note signed on September 9, 2013 ($20,500 plus the $1,300 of accrued interest).

On May 1, 2014, the Company secured two 12 month convertible loans for $50,000 each with an 8% interest rate due on May 1, 2015. The terms of the conversion were agreed at a 40% discount to market based on an average price of the two lowest bids on the 20 trading days prior to the conversion date. If the Company opts to pay the loan back on or before 90 days after the loans were granted, hence not converting the debt into equity; borrower shall make payment to the holders of an amount in cash equal to 130% of total amount due inclusive of principal and interest accrued. If the Company opts to pay the loan back on or before 180 days after the loans were granted, hence not converting the debts into equity; borrower shall make payment to the holders of an amount in cash equal to 140% of total amount due inclusive of principal and interest accrued. The company also agreed a two collateralized secured promissory notes (backend notes) under the same terms for a further $50,000 from each lender within six months of the first loans. This loan is not convertible unless the total amount, $100,000, is received as per both of the notes payable agreements.

On June 12 2014, the Company and an investor entered into a two year $250,000 convertible promissory note with an original issue discount of $25,000. The terms of this convertible note were $55,000 upon closing, an 8% interest rate per annum or 0% interest if the note was to be paid back within 90 days of the issuance of the note. The terms of the conversion were agreed at the lesser of $0.30 or a 40% discount to market based on an average price of the lowest bids on the 25 trading days prior to the conversion date.

The amounts paid to acquire the debt financing have been treated as a debt discount hence at June 30, 2013 the Company recorded debt discount of $61,489. This will be amortized over the life of the respective loans. During the six months ended June 30, 2014 and June 30, 2013, the Company amortized $25,858 and $8,212.

(D) Accounts payable – related parties

The following table represents the accounts payable to related parties as of March 31, 2014 and December 31, 2013, respectively:

	June 30, 2014		December 31, 2013
Salaries		356,395		182,080
Expenses		-		9,973
	$	356,395	$	192,053

As discussed in note no. 5(B), the Company converted $324,475 of related party accounts payable into a convertible loan during the six months ended June 30, 2014.

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Debt - Schedule of Loans Payable Activity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Debt Disclosure [Abstract]
Loans payable - related party - December 31, 2013	$ 57,194
Proceeds from loans	700	4,819
Repayments
Loans payable - related party - June 30, 2014	$ 57,894

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Going Concern (Details Narrative) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Going Concern
Net loss	$ 284,657	$ 546,895	$ 507,429	$ 907,425
Net cash used in operating activities			(253,498)	(93,309)
Working capital deficit	1,485,691		1,485,691
Stockholders deficit	$ 2,818,326		$ 2,818,326		$ 2,440,967