0001493152-16-009620.txt : 20160511 0001493152-16-009620.hdr.sgml : 20160511 20160511130442 ACCESSION NUMBER: 0001493152-16-009620 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 60 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160511 DATE AS OF CHANGE: 20160511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL EQUITY INTERNATIONAL INC CENTRAL INDEX KEY: 0001533106 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 273986073 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54557 FILM NUMBER: 161639135 BUSINESS ADDRESS: STREET 1: OFFICE 3305, JUMEIRAH BAY TOWER X3 STREET 2: PO BOX 454332, JUMEIRAH LAKE TOWERS CITY: DUBAI STATE: C0 ZIP: 340100 BUSINESS PHONE: (971) 42 76 7576 MAIL ADDRESS: STREET 1: OFFICE 3305, JUMEIRAH BAY TOWER X3 STREET 2: PO BOX 454332, JUMEIRAH LAKE TOWERS CITY: DUBAI STATE: C0 ZIP: 340100 10-Q 1 form10-q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

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

For the quarterly period ended March 31, 2016

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

FOR THE TRANSITION FROM ______ TO ______.

Commission File Number: 0-54557

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 (0) 42767576 / + (1) 321 200 0142

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 May 10, 2016, there were 780,515,973 outstanding shares of the Registrant’s Common Stock, $.001 par value.

INDEX

		Page

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements		F-2

Notes to Financial Statements (Unaudited)

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		3

Item 3. Quantitative and Qualitative Disclosures about Market Risk		9

Item 4. Controls and Procedures		10

PART II – OTHER INFORMATION

Item 1. Legal Proceedings		10

Item 1A. Risk Factors		10

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		11

Item 3. Defaults Upon Senior Securities		11

Item 4. Mine Safety Disclosure		11

Item 5. Other Information.		11

Item 6. Exhibits		11

SIGNATURES		12

Global Equity International, Inc. and Subsidiaries

Consolidated Financial Statements

March 31, 2016

(Unaudited)

CONTENTS

	Page(s)

Consolidated Balance Sheets – March 31, 2016 (unaudited) and December 31, 2015	F-2

Consolidated Statements of Operations for the three months ended March 31, 2016 and March 31, 2015 (unaudited)	F-3

Consolidated Statements of Cash Flows for the three months ended March 31, 2016 and March 31, 2015 (unaudited)	F-4

Notes to the Consolidated Financial Statements (unaudited)	F-5 – F-18

F-1

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

Global Equity International, Inc. and Subsidiaries

Consolidated Balance Sheets

	March 31, 2016			December 31, 2015
	(Unaudited)
Assets

Current Assets
Cash	$	56,276		$	42,163
Accounts receivable		60,033			-
Prepaids		54,987			86,398
Other current assets		7,990			7,982
Total current assets		179,286			136,543

Investments, cost		3,069,472			2,650,471

Fixed assets, net		17,685			20,081

Total assets	$	3,266,443		$	2,807,095

Liabilities and Stockholders' Equity

Current Liabilities
Accounts payable and accrued liabilities	$	433,005		$	372,993
Accounts payable and accrued liabilities - related parties		377,445			203,609
Deferred revenue		535,000			839,130
Loans payable - related parties		5,024			-
Accrued interest		304,569			304,569
Loans payable - net of unamortized issuance costs and discount of $0 and $11,667, respectively		440,018			563,351
Fixed price convertible note payable		135,000			-
Total liabilities		2,230,061			2,283,652

Commitments and contingencies (Note 10)

Stockholders' Equity

Common stock: 1,000,000,000 shares authorized; $0.001 par value: 777,165,973 and 776,165,973 shares issued and outstanding, respectively.		777,166			776,166
Additional paid in capital		6,958,689			6,934,493
Accumulated deficit		(6,699,473	)		(7,187,216	)
Total stockholders' equity		1,036,382			523,443

Total liabilities and stockholders' equity	$	3,266,443		$	2,807,095

The accompanying notes are an integral part of these consolidated financial statements.

F-2

Global Equity International, Inc. and Subsidiaries

Consolidated Statements of Operations

For the three months ended March 31, 2016 and March 31, 2015 (Unaudited)

	For the three months ended,
	March 31, 2016			March 31, 2015

Revenue	$	843,528		$	15,000

General and administrative expenses		56,278			84,235
Salaries		195,780			269,901
Professional services		64,154			115,704
Depreciation		2,848			2,752
Total operating expenses		319,060			472,592

Income / (loss) from operations	$	524,468		$	(457,592	)

Other income (expense):
Interest expense		-			(57,625	)
Finance Charges		-			(93,226	)
Amortization of debt discount		(11,667	)		(130,772	)
Loss on derivative liabilities		-			(92,856	)
Gain on conversion of notes		-			36,073
Loss on extinguishment of debt and other liabilities		(25,119	)		-
Gain on transfer of preferred stock		1,454			-
Exchange rate (loss) / gain		(1,392	)		178
Total other income (expense)		(36,724	)		(338,228	)

Net income / (loss)	$	487,744		$	(795,820	)

Weighted average number of common shares outstanding - basic & dilutive		776,176,962			48,357,432

Net income (loss) per common share - basic & dilutive	$	0.00		$	(0.02	)

The accompanying notes are an integral part of these consolidated financial statements.

F-3

Global Equity International Inc. And Subsidiaries

Consolidated Statements of Cash Flows

For the three months ended March 31, 2016 and March 31, 2015 (Unaudited)

	For the three months ended,
	March 31, 2016			March 31, 2015

Cash flows from operating activities
Net income / (loss)	$	487,744		$	(795,820	)

Adjustments to reconcile net income / (loss) to net cash provided by (used in) operating activities
Depreciation		2,848			2,752
Securities recorded as revenue for services		(695,995	)		-
Securities paid for services		1,817			-
Gain on transfer of preferred stock		(1,454	)		-
Loss on extinguishment of debt and other liabilities		25,119			-
Gain on conversion of notes		-			(36,073	)
Loss on embedded conversion option derivative liabilities		-			92,856
Amortization of debt discount		11,667			130,772
Finance Charges		-			93,226

Changes in operating assets and liabilities:
Accounts receivable		(60,033	)		-
Prepaids		31,411			(40,529	)
Other current assets		(8	)		1,433
Accounts payable and accrued liabilities		60,089			81,834
Accounts payable - related parties		173,836			(19,487	)
Deferred revenue		(27,500	)		460,000
Accrued interest		-			57,625

Net cash provided by operating activities:		9,541			28,589

Cash Flows used in investing activities:
Office furniture and equipment, net		(452	)		(1,109	)

Net cash used in investing activities		(452	)		(1,109	)

Cash flows from financing activities:
Proceeds from loans - related parties		5,724			-
Repayment of loans - related parties		(700	)		-
Repayment of notes payable		-			(43,482	)

Net cash provided (used) by financing activities		5,024			(43,482	)

Net increase (decrease) in cash		14,113			(16,002	)

Effect of Exchange Rates on Cash		-			(1,045	)

Cash at Beginning of Period		42,163			19,026

Cash at End of Period	$	56,276		$	1,979

Supplemental disclosure of cash flow information:
Cash paid for interest	$	-		$	-

Cash paid for income taxes	$	-		$	-

Supplemental disclosure of non-cash investing and financing activities:

Notes payable and interest converted into shares	$	-		$	70,247

The accompanying notes are an integral part of these consolidated financial statements.

F-4

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

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 disclosures 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 statements presentation.

The unaudited interim consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Management’s Discussion and Analysis, for the year ended December 31, 2015. The interim results for the period ended March 31, 2016 are not necessarily indicative of results for the full fiscal year.

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. On August 22, 2014, we formed a Dubai subsidiary of Global Equity Partners Plc. called GE Professionals DMCC. Global Equity Partners Plc. is the parent company of its 100% subsidiary GE Professionals DMCC (Dubai).

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

Note 3 - 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.

As reflected in the accompanying consolidated financial statements, the Company had a net income of $487,744 and net cash provided by operations of $9,540 for the three months ended March 31, 2016; and a working capital deficit of $2,050,775 and stockholders´ equity of $1,036,382 as of March 31, 2016. Some of these factors raise substantial doubt about the Company’s ability to continue as a going concern.

The ability for the Company to continue its operations is primarily dependent on:

	a)	Continually engaging with new clients which over the years has become consistent.

	b)	Consummating and executing current engagements.

Whilst the Company´s current engagements are being consummated and executed, the Company may also have to resort to borrowing additional funds with certain related parties, such as management, and also third party funders on a non-discounted basis (if for shares, on a fixed price basis) to sustain the Company’s existence. In addition, in the event that operating cash flows are slowed, the Company would reduce its overheads wherever possible and any monies owed to the management can also be forgiven, if necessary.

F-5

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

The Company´s deferred revenue, $535,000 at March 31, 2016, is non-refundable hence once certain contractual milestones are achieved or contractual terms pass over time, as applicable, on each individual engagement a proportion of deferred revenue will become revenue for the Company and therefore no cash outlays are required for these liabilities.

It is important to note that the two largest debts (The Able Foundation loan & Eden loan) stated on our current liabilities are non-collateralized and non-convertible loans.

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 and Global Equity Partners Plc. is the parent company of its 100% subsidiary, GE Professionals DMCC (Dubai). 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. Significant estimates in the accompanying financial statements include allowance for doubtful accounts and loans, estimates of fair value of securities received for services, depreciation of fixed assets, derivative valuations and equity valuations for non-cash transactions.

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 March 31, 2016 and at December 31, 2015, respectively; the Company had no cash equivalents.

F-6

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

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.

Foreign currency policy

The Company’s accounting policies related to the consolidation and accounting for foreign operations are as follows: The accompanying consolidated financial statements are presented in U.S. dollars. The functional currency of the Company’s Dubai subsidiary is the Arab Emirates Dirham (AED). All foreign currency balances and transactions are translated into United States dollars “$” and/or “USD” as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Equity transactions are translated at each historical transaction date spot rate. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of our stockholders’ equity (deficit) as “Accumulated other comprehensive income (loss)”. Since the AED is tagged to the U.S. dollar, translation gains and losses are always de minimis, therefore a statement of comprehensive income (loss) is not presented. Gains and losses resulting from foreign currency transactions are included in the statement of operations.

Investments

(A) Classification of Securities

Marketable Securities

At the time of the acquisition, a marketable 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.

Any unrealized gains and losses are reported as a component of other comprehensive income (loss). Realized gains (losses) are computed on a specific identification basis and are reflected in the statement of operations.

Cost Method Investments

Securities that are not classified as marketable securities are accounted for under the cost method. These securities are recorded at their original cost basis and are subject to impairment testing.

(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 record any permanent impairment during the three months ended March 31, 2016 or 2015.

F-7

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

Fixed Assets

Fixed assets are 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 statements.

Beneficial Conversion Feature

For conventional convertible debt where the rate of conversion is below market value, the Company records any “beneficial conversion feature” (“BCF”) intrinsic value as additional paid in capital and related debt discount.

When the Company records a BCF, the relative fair value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument. The discount is 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 financing costs and debt discounts in connection with raising funds through the issuance of debt whether convertible or not. 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

If debt is issued 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.

Revenue Recognition

We recognize revenue from the services we provide in accordance with ASC Topic 605, Revenue Recognition. ASC Topic 605 sets forth guidance as to when revenue is realized or realizable and earned, which is generally, when all of the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been performed; (3) the seller’s price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. Generally, the contract terms for these services are relatively short in duration.

We receive consideration in the form of cash and/or securities.

We recognize cash consideration as revenues as the services are performed either on a pro rata basis or on a milestone basis.

F-8

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

Securities received as consideration are often earned at a point in time when the specified event occurs and the securities are issued to us. Therefore, we measure and recognize these securities received at fair value on the date of receipt. If securities are received in advance of completion of our services, the fair value will be recorded as deferred revenue and recognized as revenue as the services are competed.

All revenues are generated from clients whose operations are based outside of the United States.

At March 31, 2016 the Company had the following concentrations of accounts receivable with customers:

Customer	March 31, 2016

PDI		54.14	%
EEC		45.86	%
		100	%

The Company had no accounts receivable at December 31, 2015.

For the three months ended March 31, 2016 and 2015, the Company had the following concentrations of revenues with customers:

Customer	March 31, 2016			March 31, 2015

SAC		0	%		100	%
PDI		36.65	%		0	%
QFS		54.16	%		0	%
INSCX		4.74	%		0	%
GPL		1.19	%		0	%
EEC		3.26	%		0	%
		*100*	%		*100*	%

Deferred Revenue

Deferred revenue represents fees that have been received by the Company for requested services that have not been completed. Following table illustrates the movement in deferred revenue during the three months ended March 31, 2016 and the year ended December 31, 2015:

Balance, December 31, 2015	$	839,130
New payments received in Q1 2016		50,000
Cash deferred revenue recognized as revenue in Q1 2016		(77,500	)
Securities deferred revenue recognized as revenue in Q1 2016		(276,630	)
Balance, March 31, 2016	$	535,000

Share-based payments

The Company recognizes all forms of share-based payments to employees, 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.

F-9

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

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 as of the measurement date. Amounts received prior to the measurement date are adjusted to fair value at each reporting period until a measurement date is achieved. 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 is 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 which are based upon our historical volatility.

	●	The forfeiture rate is based on historical experience.

Earnings per Share

The basic net 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 are computed by dividing net income (loss) by the weighted average number of shares of common stock and common stock equivalents outstanding during the period.

As at March 31, 2016, the Company had 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 Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.

The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:

	●	Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

	●	Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

	●	Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

F-10

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

The carrying amounts reported in the balance sheet for prepaid expenses, accounts receivable, accounts payable, accounts payable to related parties and loans payable to related parties, approximate fair value are based on the short-term nature of these instruments.

The Company measures its derivative liabilities at fair market value on a recurring basis and measures its non-marketable securities at fair value on a non-recurring basis. Consequently, the Company may have gains and losses reported in the statement of operations.

The following is the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis at March 31, 2016 and December 31, 2015, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):

		March 31, 2016				December 31, 2015
Level 3 – Non-Marketable Securities – Non-recurring		$	3,069,472			$	2,650,471

The following section describes the valuation methodologies the Company uses to measure financial instruments at fair value:

Marketable Securities — The Level 2 position consists of the Company’s investment in equity securities of stock held in publically traded companies. The valuation of these securities is based on significant inputs that are observable or can be derived from or corroborated by observable market data. These valuations are typically based on quoted prices in active markets. The Company´s investments in equity securities are in relatively inactive markets.

Non-Marketable Securities at Fair Value on a Nonrecurring Basis — Certain assets are measured at fair value on a nonrecurring basis. The level 3 position consist of investments accounted for under the cost method. The Level 3 position consists of investments in equity securities held in private companies.

Management believes that an “other-than-temporary impairment” would be justified, as according to ASC 320-10 an investment is considered impaired when the fair value of an investment is less than its amortized cost basis. The impairment is considered either temporary or other-than-temporary. The accounting literature does not define other-than-temporary. It does, however, state that other-than-temporary does not mean permanent, although, all permanent impairments are considered other-than-temporary. The literature does provide some examples of factors, which may be indicative of an “other-than-temporary impairment”, such as:

	●	the length of time and extent to which market value has been less than cost;

	●	the financial condition and near-term prospects of the issuer; and

	●	the intent and ability of the holder to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in market value.

Management believes that the fair value of its investment has been correctly measured, as the length of time that the stock has been less than cost is nominal.

F-11

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

Changes in Level 3 assets measured at fair value for the three months ended March 31, 2016 were as follows:

Balance, December 31, 2015	$	2,650,471
Realized and unrealized gains (losses)		-
Securities received for services during the period		419,365
Sales and settlements during the period		(364	)
Impairment loss		-
Balance, March 31, 2016	$	3,069,472

Recent Accounting Pronouncements

There are no new accounting pronouncements that have any impact on the Company’s financial statements other than discussed below:

In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-08,”Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” which makes targeted improvements to clarify the principal versus agent assessment and are intended to make the guidance more operable and lead to more consistent application. The amendments, however, do not eliminate the significant judgments related to principal versus agent assessments. This guidance is effective for calendar year-end in 2018 for interim and annual reporting periods. The Company is currently evaluating the impact this guidance will have on its Consolidated Balance Sheet.

Note 5 – Investments

The Company holds following common equity securities in private and reporting companies:

	3/31/2016				12/31/2015
Company	No. of Shares		Book value		No. of Shares		Book value		Status
M1 Lux AG		2,000,000	$	-		2,000,000	$	-	Private Company
Monkey Rock Group Inc.		1,500,000	$	-		1,500,000	$	-	Reporting Company – OTC
Voz Mobile Cloud Limited		3,200,000	$	-		3,200,000	$	-	Private Company
Arrow Cars International Inc.		3,000,000	$	3,000		3,000,000	$	3,000	Reporting Company – OTC
Direct Security Integration Inc.		400,000	$	-		400,000	$	-	Private Company
Duo World Inc.		3,460,000	$	865,000		3,460,000	$	865,000	Private Company
Primesite Developments Inc.		5,606,521	$	1,781,521		5,606,521	$	1,781,521	Private Company
Quartal Financial Solutions AG		2,271	$	419,365		-		-	Private Company
		19,166,521	$	3,068,886		19,166,521	$	2,649,521

The Company holds following preferred equity securities in private companies:

	3/31/2016				12/31/2015
Company	No. of Shares		Book value		No. of Shares		Book value		Status
Duo World Inc.		136,600	$	136		500,000	$	500	Private Company
Primesite Developments Inc.		450,000	$	450		450,000	$	450	Private Company
		586,600	$	586		950,000	$	950

F-12

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

On February 08, 2016, the Company entered into an agreement with Yenom (Pvt) Limited where the Company agreed to pay an equity commission, for the introduction of a client to the Company, in the form of transfer of 363,400 preferred shares (valued at $0.005 per share) of Duo World Inc. out of the 500,000 preferred shares which were owned by the Company at the year ended December 31, 2015. As a result of this transfer, the Company’s investment in preferred shares of Duo World Inc. was reduced to 136,600 preferred shares as on March 31, 2016 and a gain of $1,454 was recorded on transfer of this preferred stock.

On March 29, 2016, the Company received 1,815 common shares valued at CHF 160 or $163.89 and 456 common shares valued at CHF 261 or $267.34 from a private company and client having a fair market value of $419,365 that is treated as a cost method investment. The value of the cost method investment pertains to receipt of agreed common stock in a private company in which the best evidence of value was based on the management representation of that private company.

At March 31, 2016, there were no identifiable events or changes in circumstances that had a significant adverse effect on the value of the investments; hence, no impairment is required as at March 31, 2016.

Note 6 – Fixed Assets

The following table reflects net book value of fixed assets as at March 31, 2016 and December 31, 2015:

	03/31/2016			12/31/2015			Useful Life
Furniture and Equipment	$	37,655		$	37,204		3 to 5 years
Accumulated depreciation	$	(19,970	)	$	(17,123	)
Net fixed assets	$	17,685		$	20,081

Depreciation expense for the three months ended March 31, 2016 and March 31, 2015, was $2,848 and $2,752, respectively.

Note 7 – Debt & Accounts payables

(A) Accounts payable and accrued liabilities

The following table represents breakdown of accounts payable and accrued liabilities as of March 31, 2016 and December 31, 2015, respectively:

	3/31/2016		12/31/2015
Accrued salaries and benefits	$	89,788	$	79,386
Other payables & accrued liabilities		343,217		293,607
	$	433,005	$	372,993

(B) Accounts payable and accrued liabilities – related parties

The following table represents the accounts payable to related parties as of March 31, 2016 and December 31, 2015, respectively:

	3/31/2016		12/31/2015
Salaries	$	319,308	$	152,875
Expenses		58,137		50,734
	$	377,445	$	203,609

F-13

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

(C) Related party – short term loans payable

The Company received loans from two of its officers and directors. The loans are non-interest bearing, unsecured and due on demand. The following table represents the loans payable activity as of March 31, 2016:

Short term loans payable – related party – December 31, 2015	$	-
Proceeds from loans		5,724
Repayments		(700	)
Converted to common stock		-
Short term loans payable – related party – March 31, 2016	$	5,024

(D) Notes payable

Following is the summary of all non-convertible notes, net of debt discount, including the accrued interest as at March 31, 2016:

Date of Note	Principal			Accrued Interest		Total payable
October 9, 2013	$	120,420	$	106,196	$	226,616
October 17, 2013		319,598		160,402		480,000
November 26, 2013		-		37,971		37,971

Balance at March 31, 2016	$	440,018	$	304,569	$	744,587

●

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 a five month extension. This stock compensation was issued to the lender also on December 12, 2013. This loan is currently in default. Total accrued interest as at March 31, 2016 is $106,196. The Company also accrued $184,656 provision for potential damages due to the ongoing litigation in the Dubai Courts as of March 31, 2016 which is included in accounts payable and accrued liabilities in the accompanying consolidated balance sheet. (See Note 10)

Loan granted in 2013	$	120,420
Interest accrued in 2013		56,196
Balance at December 31, 2013	$	176,616

Interest accrued in 2014		50,000
Balance at December 31, 2014	$	226,616

Interest accrued in 2015		-
Potential damages accrued in 2015		184,656
Balance at December 31, 2015	$	411,272
Interest accrued in Q1 2016		-
Balance at March 31, 2016	$	411,272

F-14

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

●

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 principal plus 5% per month interest on or before January 18, 2014. The note holder received, as a form of guarantee, 1,600,000 shares of Direct Security Integration Inc. and the note holder is currently trying to sell these shares. The shares used as a form of guarantee formed part of the assets of our Company.

On September 18, 2015, the Company and the note holder agreed to amend the previous terms of the agreement and both parties agreed on the new terms whereby the company is now liable to pay $500,000 as full and final payment of the October 17, 2013 loan principal, accrued interest, and all other related penalties. This repayment will not accrue any further interest or penalties. As a result, the Company has reversed the excess accrued interest and monitoring fee payable amounting to $660,578 recognized as a gain on settlement; leaving the principal loan balance of $319,598 and accrued interest balance $180,402 of as on September 30, 2015.

On December 21, 2015, the company repaid first installment of the accrued interest amounting to $20,000; leaving the accrued interest balance of $160,402 and principal loan balance $319,598 of as on December 31, 2015. The next two quarterly installments of $50,000 each, as per the amended agreement, have not been paid as of March 31, 2016 and the total outstanding balance owed to the lender is $480,000 as of March 31, 2016.

Loan granted in 2013	$	319,598
Interest accrued in 2013		39,602
Balance at December 31, 2013	$	359,200

Interest accrued in 2014		390,197
Balance at December 31, 2014	$	749,397

Monitoring fee accrual		124,175
Interest accrued in 2015		287,006
Interest repayment		(20,000	)
Excess interest and monitoring fee gain		(660,578	)
Balance at December 31, 2015	$	480,000
Interest accrued in Q1 2016		-
Balance at March 31, 2016	$	480,000

(E) Fixed price convertible note payable

On August 27, 2015, the Company secured a six month non-convertible loan for $135,000 carrying an original issue discount of $30,000. In addition, the company agreed to pay $5,000 to the note holder to cover their legal costs and the interest will not be accrued on the outstanding principal balance unless an event of default occurs.

During the three months ended March 31, 2016, $1,667 of the debt issuance costs and $10,000 of the debt discount balance was amortized to interest expense, leaving an unamortized issue cost and discount balance of $0.

On March 18, 2016, the Company entered into an exchange agreement with the same lender whereby original purchase agreement dated August 27, 2015 was exchanged with the new agreement to extend the loan repayment term until April 17, 2016. The total exchange price for $135,000 of principal of the Old Note was as follows:

F-15

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

	●	$135,000 principal of New Note, and

	●	an issuance of 1,000,000 common shares to the lender as exchange shares.

Also, in the new note, there was an addition of a conversion option that the lender has right at any time after the exchange date until the outstanding balance has been paid in full, to convert all or any part of the outstanding balance into common shares of the Company at a fixed conversion price of $0.025. There is no beneficial conversion feature as the conversion price is higher than the current market value of the GEQU stock. Since a conversion option was added to the note in the March 18, 2016 modification, this modification is accounted for as a debt extinguishment on that date and $25,200 was recognized as loss on debt extinguishment. (See Note 8)

Subsequent to the three months ended March 31, 2016, on April 28, 2016, St. George decided not to opt for converting the principal loan to common shares. Instead, on April 28, 2016, the Company renegotiated the loan terms, further extending the repayment to July 1, 2016. The terms of this further extension were a one-off 10% interest payment of $13,500 to be added to the principal of $135,000 and the issuance of 3,000,000 common shares. The Company accounted for this further extension as a debt extinguishment of previous extension dated March 18, 2016 and $58,200 was recognized as loss on debt extinguishment comprising of $13,500 of interest payment and $44,700 for issuance of 3,000,000 common shares of the Company valued at a fair value of $0.0149 on the date of new exchange.

Note 8 - Stockholders’ Equity

a) Preferred Stock

On November 30, 2011, the Company authorized and designated 5,000,000 Series “A” convertible preferred shares. 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

At March 31, 2016 there were no Series “A” preferred shares issued.

b) Common Stock

During the three months ended March 31, 2016, the Company issued 1,000,000 common shares valued at a fair value of $0.0252 per share or $25,200 in lieu of exchange fee for a loan note. See Note 7(E).

Note 9 – Related Party Transactions

Following is the list of related parties and their relationships with the Company for the three months ended March 31, 2016 and the year ended December 31, 2015:

Name		Relationship
Mr. Charles D. Taylor		Director and Chairman of the Board
Mr. Peter J. Smith		President, Chief Executive Officer and Director
Mrs. Angela G. Smith		Spouse of Mr. Peter Smith
Mr. Enzo Taddei		Chief Financial Officer, Secretary and Director
Mr. Patrick V. Dolan		New Business Development Managing Director and Director
Alpha 1066, Inc.		Majority owned by two officers of the Company

As discussed in Note 7(b) and 7(c), following is the breakdown of related party balances as on March 31, 2016 and December 31, 2015:

	3/31/2016		12/31/2015
Accounts payable and accrued liabilities – related parties	$	377,445	$	203,609
Short term loans payable – related parties		5,024		-
	$	382,469	$	203,609

F-16

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

Note 10 – Commitments and contingencies

●

On October 9, 2013, the Company secured a two month loan for GBP 75,000 (equivalent to $120,420) and issued 10,000 restricted shares of common stock to the lender, The Able Foundation, on December 7, 2013, and also repaid 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 restricted shares of common stock in consideration for a for a five month extension on the loan. This stock compensation was issued to the lender also on December 12, 2013. The Company is currently in litigation, in the courts of Dubai, regarding the Able Foundation loan.

The plaintiff, the Able Foundation, is requesting a settlement of $411,272, which is the $226,616 currently owed, and an additional $184,656 accrued in 2015 as a provision for potential damages (see Note 7(D)).

On, June 1, 2015, the Company (the defendant) retained the legal services of a Dubai based law firm called Al Safar & Partners. Currently, there is a judgment against the Company (the defendant) for the recovery of $411,272.

The Company’s Dubai lawyers, Al Safar & Partners, have subsequently appealed this judgment based on the fact that they believe from a legal stand point that:

	1)	the Company (the defendant) has not been heard, which is a violation of the fundamental principle of law “Audi Alteram Partem”.

	2)	there is no legal existence of Global Equity Partners Plc. in Dubai as it is a Republic of Seychelles corporation, hence the Courts of Dubai have no jurisdiction in the matter.

According to the Dubai lawyers, the judgment issued against the Company (the defendant) by the Dubai First Instance Court bears no legality and void therefore the Plaintiff´s claim should be rejected in its entirety.

These legal proceedings and appeal are currently ongoing. The Company intends to vigorously defend the litigation. At this time, the Company cannot predict the outcome of the litigation.

●

On October 7, 2015, the Company renewed its rent agreement for its head office at Dubai for a further period of two years amounting to a rental of $31,850 per annum for the first year (from November 2015 until October 2016) and $35,035 for the second year (from November 2016 until October 2017). This agreement is further renewable for a period of one year at 5% higher than the current rent.

Note 11 – Subsequent events

●	On April 10, 2016, the Company was engaged by a producing oil and gas company called Deutsche Oel & Gas SA. This client engaged our professional services to assist with sourcing capital funding for the expansion of its South Alaskan assets located in the Cook Inlet.

● On April 25, 2016, the Company issued 250,000 shares of restricted common stock valued at a fair value of $0.0143 per share or $3,575, based on closing trade price on grant date, in lieu of client introduction fee of $3,750.

● On April 25, 2016, the Company issued 100,000 shares of restricted common stock valued at a fair value of $0.0143 per share or $1,430, based on closing trade price on grant date, in lieu of client introduction fee of $1,500.

F-17

Global Equity International, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

March 31, 2016

(Unaudited)

●	On April 27, 2016, the Company received 46,133 common shares valued at $0.75 per share from a client in lieu of professional services rendered.

●	On April 28, 2016, the Company entered into another exchange agreement (Second Exchange) with St. George Investments whereby first exchange agreement dated March 18, 2016 was exchanged with the new agreement to extend the loan repayment term until July 1, 2016. The total exchange price for $135,000 of principal of the Old Note was as follows:

	a)	$135,000 principal of New Note
	b)	$13,500 being one-off 10% interest payment to be added the principal, and
	c)	A one-off issuance of 3,000,000 common shares to the lender as exchange shares.
	d)	A conversion option at a fixed price of $0.025 per common share.

The Company accounted for this further extension as a debt extinguishment of previous extension dated March 18, 2016 and $58,200 was recognized as loss on debt extinguishment comprising of $13,500 of interest payment and $44,700 for issuance of 3,000,000 common shares of the Company valued at a fair value of $0.0149 per share on the date of new exchange.

●	On April 29, 2016, the Company secured another six month non-convertible loan for $135,000 carrying an original issue discount of $30,000. In addition, the company agreed to pay $5,000 to the note holder to cover their legal costs and the interest will not be accrued on the outstanding principal balance unless an event of default occurs.

●	On April 29, 2016, the Company was engaged by a Cypriot based company called Majestic Wealth Limited that is seeking to raise capital funding to exploit various opportunities in the property development and tourism sector in Cyprus.

F-18

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Cautionary Forward - Looking Statement

The following discussion and analysis of the results of operations and financial condition of Global Equity International, Inc. should be read in conjunction with the unaudited financial statements, and the related notes. References to “we,” “our,” or “us” in this section refers to the Company and its subsidiaries. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions.. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “could,” and similar expressions to identify forward-looking statements.

Certain matters discussed herein may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following:

	●	the volatile and competitive nature of our industry,

	●	the uncertainties surrounding the rapidly evolving markets in which we compete,

	●	the uncertainties surrounding technological change of the industry,

	●	our dependence on its intellectual property rights,

	●	the success of marketing efforts by third parties,

	●	the changing demands of customers and

	●	the arrangements with present and future customers and third parties.

Should one or more of these risks or uncertainties materialize or should any of the underlying assumptions prove incorrect, actual results of current and future operations may vary materially from those anticipated.

For the three months ended March 31, 2016 and March 31, 2015:

The Company had revenues amounting to $843,528 and $15,000, for the three months ended on March 31, 2016 and 2015, respectively.

	March 31, 2016		March 31, 2015

Revenue	$	843,528	$	15,000
	$	843,528	$	15,000

Following is the breakdown of total revenue for the three months ended March 31, 2016 amounted to $843,528:

	a)	$419,365 was received in equity securities in a private company in exchange for services performed. The valuation was based on 1,815 common shares valued at CHF 160 or $163.89 per share and 456 common shares valued at CHF 261 or $267.34 per share.

	b)	$77,500 was recognized as revenue from deferred revenue as we performed related services to the clients against payments received in prior quarters.

	c)	$276,630 was recognized as revenue from deferred revenue as we performed related services to a client against shares received in prior quarters.

	d)	$60,033 was recognized as revenue for services already rendered to two clients and payment from clients was pending as at March 31, 2016.

	e)	$60,000 was received in cash for services performed to a client and $10,000 was recognized as revenue during the three months ending on March 31, 2016, leaving the remaining $50,000 as deferred revenue.

For the three months ended March 31, 2016 and 2015, the Company had the following concentrations of revenues with customers:

Customer	March 31, 2016			March 31, 2015

SAC		0	%		100	%
PDI		36.65	%		0	%
QFS		54.16	%		0	%
INSCX		4.74	%		0	%
GPL		1.19	%		0	%
EEC		3.26	%		0	%
		100	%		100	%

The total operating expenditures amounted to $319,060 and $472,592, for the three months ending on March 31, 2016 and 2015, respectively. The following table sets forth the Company’s operating expenditure analysis for both periods:

	March 31, 2016		March 31, 2015		Change

General and administrative expenses	$	56,278	$	84,235	$	(27,957	)
Salaries		195,780		269,901		(74,121	)
Professional services		64,154		115,704		(51,550	)
Depreciation		2,848		2,752		96
Total operating expenses	$	319,060	$	472,592	$	(153,532	)

During the three months ended March 31, 2016, total operating expenses were decreased by $153,532 from the previous three months ending on March 31, 2015. The reason for this decrease is mainly due to the reduction in general & administrative expenses, salaries and professional fees.

The net income (loss) from operations for the three months ended March 31, 2016 and 2015, were $524,468 and $(457,592), respectively.

The Company´s other income and (expenses) for the three months ended March 31, 2016 and 2015, were $(36,724) and $(338,228), respectively. The following table sets forth the Company’s other income and (expenses) analysis for both periods:

	March 31, 2016			March 31, 2015			Changes
Interest expense	$	-		$	(57,625	)	$	57,625
Finance Charges		-			(93,226	)		93,226
Amortization of debt discount		(11,667	)		(130,772	)		119,105
Loss on derivative liabilities		-			(92,856	)		92,856
Gain on conversion of notes		-			36,073			(36,073	)
Loss on extinguishment of debt and other liabilities		(25,119	)		-			(25,119	)
Gain on transfer of preferred stock		1,454			-			1,454
Exchange rate (loss) / gain		(1,392	)		178			(1,570	)
Total other income (expense)	$	(36,724	)	$	(338,228	)	$	301,504

Our total other expenses were reduced substantially due to the fact that the Company settled its convertible debts last year. The settlement of this debt last year resulted in large amounts of interest expense, loss on derivative liabilities and amortization of debt discount during the three months ended March 31, 2015. Loss on extinguishment of debt at March 31, 2016 includes $25,200 arising due to issuance of shares as exchange fee for a loan note to a lender.

The net income (loss) for the three months ended March 31, 2016 and 2015 were $487,744 and $(795,820), respectively.

The Company had 777,165,973 and 79,322,025 common shares issued and outstanding at March 31, 2016 and March 31, 2015, respectively. The weighted average number of shares for the three months ended March 31, 2016 and March 31, 2015, was 776,176,962 and 48,357,432, respectively. Net income / (loss) per share for both periods was $0.00 and $(0.02), respectively.

LIQUIDITY AND CAPITAL RESERVES

Our consolidated financial statements contained herein have been prepared assuming that the Company will continue as a going concern. The Company had a net income from operations of $524,468, a total Other Income (Expenses) amounting to $(36,724) and net income of $487,744 for the three months ended March 31, 2016.

The Company had $56,276 in cash; net cash provided by operations of $9,541 for the three months ended March 31, 2016; and a working capital deficit of $2,050,775 and stockholders´ equity of $1,036,382 as of March 31, 2016. Some of 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 primarily dependent on:

	a)	Continually engaging with new clients, which over the years have become consistent

	b)	Consummating and executing current engagements.

While the Company´s current engagements are being consummated and executed, the Company may also resort to borrowing additional funds with certain related parties, such as management, and also third party funders on a non-discounted basis (on a fixed price conversion basis) to sustain the Company’s existence. In addition, in the event that operating cash flows are slowed, the Company would reduce its overhead wherever possible and any monies owed to the management can also be forgiven, if necessary.

The Company´s deferred revenue, $535,000 at March 31, 2016, is non-refundable; hence, once certain contractual milestones are achieved or contractual terms pass over time, as applicable, on each individual engagement, a proportion of deferred revenue will become revenue for the Company and, therefore, no cash outlays are required for these liabilities.

It is important to note that the two largest debts stated on our current liabilities are non-collateralized and non-convertible loans.

The Company believes that it will be able to invoice and receive at least one large cash based success fee on or before June 30, 2016, which will allow sufficient cash flow to pay off all of our debt and also allow the company sufficient cash flow to continue to grow and expand in the next twelve months without having to resort to third party or affiliate loans.

The Company also believes that it will close and be able to invoice one or two other cash based success fees within the next six months.

Also, it is important to note, that the common shares that the Company receives in lieu of equity fees are always issued with registration rights; hence; these shares will be deemed a “Shares for sale” once the Company´s client commences to trade on a Stock Exchange.

It is the Company’s intention to seek additional debt financing, which we plan to use as additional working capital to implement our marketing program to increase awareness of our business model and also to expand our operations via the acquisition of companies that are in a similar space and industry as ours, although we have not identified any companies that we would consider acquiring. However, we do not have any verbal or written agreements with anyone to provide us with debt financing. Any short fall in our projected operating revenues will be covered by:

	●	The cash retainer fees and cash success fees that we expect to receive during the next 12 months from the clients we currently have under contract.

	●	Receiving loans from one or more of our officers even though at the present time, we do not have verbal or written commitments from any of our officers to lend us money.

	●	Receiving loans from third party lenders and/ or investors.

MILESTONES FOR NEXT TWELVE MONTH 2016-2017:

Our specific plan of operations and milestones through May 2017 are as follows:

To date, we have 19 clients under contract that we deem to be active and are either seeking a listing on a recognized stock exchange or seeking funding for acquisition,growth and expansion:

	Client:	Sector:

1	Regis Card Group Limited	Prepaid cards and payment services

2	Arrow Cars International Inc.	Long term car rental

3	Medinas Holdings BV	Therapeutical stomach cancer treatment

4	Duo World Inc.	Software development and integration

5	VT Hydrocarbon Holdings (Pte.) Limited	LNG Gas storage

6	Authenta Trade	Bitcoin

7	ATC Enterprises DMCC	Diamonds

8	Unii Limited	Mobile Applications

9	Energy Equity Resources (Norway) Limited	Natural resources

10	Scandinavian AgriTex Co. Limited	Cotton and clothing industry

11	Tam Mining Limited	Natural resources

12	Primesite Developments Limited	Residential and commercial development

13	International FIM SRL	Manufacturing of automotive car parts

14	Hoqool Petroleum	Natural resources

15	INSCX Exchange Limited	Nano-technology exchange

16	Quartal Financial Solutions AG	Financial Technology

17	Granite Power Limited	Renewable Energy

18	Deutsche Oel & Gas SA	Natural resources

19	Majestic Wealth Limited	Property development – Tourism sector

DEVELOP THE INTRODUCER NETWORK FURTHER AND IN HOPES OF ATTRACTING NEW INTEREST FOR OUR SERVICES.

We currently are relying on introductions to potential clients by the following firms in the Middle East, South East Asia, Europe and the US:

	●	Certain registered investment houses and funds in London (United Kingdom)

	●	An Austrian management consultancy firm based in Vienna (Austria)

	●	Various investment banks based in Dubai (UAE)

	●	Certain Private Banks based in Amsterdam (Holland), Luxembourg and Zurich in Switzerland

	●	Various family offices in Dubai (UAE)

	●	Various introducers to capital based on the East and West coast of the US

	●	Various introducers to capital based in Hong Kong and also California.

	●	Yemon (Pvt.) Limited – An introducer of new business based in Sri Lanka

	●	MEPEX – A Bahrain Oil and Gas with over 280 members

	●	Sixfoursixfour Limited and the World Nano Foundation

	●	The Billbarter Group, a financial partner with offices in Hungary, Romania, Slovakia, Serbia, Austria, Germany and the United Kingdom

We intend to develop relationships with a further six “introducers” to potential new business for the Company within the next 12 months.

NEW BUSINESS

During next 12 months, we believe that we have the capacity to sign at least another 12 new clients in various sectors and located around the globe.

DUBAI EXPANSION

We will continue to establish a firm presence in Dubai, UAE where we are attracting clients, relationships and awareness. Our Dubai operation is currently a branch office of the Company allowing us a license to trade in the area. This branch office will continue to recruit new members of staff that will allow us to grow and become more efficient in Dubai.

SOUTH EAST ASIAN EXPANSION

We will continue to establish a firm presence in South East Asia where we are attracting clients, relationships and awareness.

EXPAND OUR CONSULTANCY TO INCLUDE MORE MERGER AND ACQUISITION ACTIVITY.

We intend to form relationships with merger and acquisition specialists during the next 12 months, which will hopefully enable us to:

	●	Find potential merger and acquisition candidates.

	●	Introduce our clients to brokers and investment bankers.

	●	Introduce our clients to the appropriate professionals (attorneys and accountants) to assist them in a public offering or exchange listing.

DEVELOP IN HOUSE IT DEPARTMENT

Commencing initially with one member, we will start to develop a proprietary program allowing us to easily monitor a client’s development status and work in progress. We will also use this tool to manage our pipeline of clients and, therefore, it will become vital in our cash flow forecasting.

EXPAND OUR HUMAN RESOURCES DEPARTMENT IN DUBAI – KINGSMAN JAMES.

The Company created an in-house human resources department called “Kingsman James” (http://kingsmanjames.com/) with a view to be able to provide its existing clients and other new clients with the possibility of restructuring their companies’ management with seasoned professionals, if required. We intend to continue expanding this human resources department throughout the next 12 months.

EXPAND OUR NETWORK OF CONTACTS WITHIN THE INVESTMENT COMMUNITY

During the next 12 months, we intend to substantially expand our Middle Eastern, South East Asian and also our US networks in order to enable us to make introductions on a more institutional level. At present, we are being received with open arms by all of the financial communities with whom we have contact; hence, we have plans to host various hospitality events for our current clients, our key contacts and upper management of the Company.

10)

EXPAND OUR RANGE OF BUSINESS AND CONTACTS

We intend to take our consultancy service outside of the Middle East and Europe and into Asia and Sri Lanka. We will expand on a “Commission Only” basis for the individuals or companies who take on our service to offer to their clients. Accountants, lawyers and finance professionals are the target market for overlaying our service into their existing client banks in return for a percentage of fees received. We also intend to add at least two new members to our administration team during the next 12 months.

11)

ROAD SHOWS

We will continue working on different “Road shows” in Dubai, Eastern Europe, Western Europe, South East Asia and the USA.

12)

FURTHER EXPAND OUR RANGE OF BUSINESS AND CONTACTS

We intend to cement the relationships created. The target markets for attracting clients are: Thailand, Sri Lanka, China, Hong Kong and Singapore. To service the clients generated from these markets, we will spend time creating a network of service companies who we can utilize to assist us on a local basis. We will explore the possibilities of dual listings for our clients in Singapore to allow us a local market for any Asian clients we will attract and giving the Company a firm foothold in the Asian territory.

	13)	OPEN A NEW OFFICE IN THE UNITED KINGDOM Due to our growing clientele, we plan to open a new London based office within the next 6 months as a lot of our new clients are European based and a new and larger office will be required in order to properly service these clients.

	14)	OPEN AN OFFICE IN THE USA It is the Company´s intention to open a satellite office in the US when economically feasible. The Company´s CFO would be the indicated person to relocate to the US when appropriate.

	15)	EXPAND OUR CORPORATE FINANCE DIVISION IN DUBAI

		Expand our newly formed “Corporate Finance Division” headed by Mr James Goldie in our Dubai office.

Item 3. Quantitative and Qualitative Disclosure about Market Risk.

Not applicable.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934) were effective.

Changes in internal control over financial reporting.

There were no changes in our internal control over financial reporting during our last fiscal quarter that materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

On October 9, 2013, the Company secured a two month loan for GBP 75,000 (equivalent to $120,420) and issued 10,000 restricted shares of common stock to the lender, The Able Foundation, on December 7, 2013, and also repaid 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 restricted shares of common stock in consideration for a five month extension on the loan. This stock compensation was issued to the lender also on December 12, 2013. The Company is currently in litigation, in the courts of Dubai, regarding the Able Foundation loan.

The plaintiff, the Able Foundation, is requesting a settlement of $411,272, which is the $226,616 currently owed, and an additional $184,656 accrued in 2015 as a provision for potential damages.

The Company’s Dubai lawyers, Al Safar & Partners, have subsequently appealed this judgement based on the fact that they believe from a legal stand point that:

	1)	the Company (the defendant) has not been heard, which is a violation of the fundamental principle of law “Audi Alteram Partem”.

	2)	there is no legal existence of Global Equity Partners Plc. in Dubai as it is a Republic of Seychelles corporation; hence, the Courts of Dubai have no jurisdiction in the matter.

According to the Dubai lawyers, the judgement issued against the Company (the defendant) by the Dubai First Instance Court bears no legality and void therefore the Plaintiff´s claim should be rejected in its entirety.

These legal proceedings and appeal are currently ongoing. The Company intends to vigorously defend the litigation. At this time, the Company cannot predict the outcome of the litigation.

Item 1A. Risk Factors.

Not applicable.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

On March 18, 2016, the Company issued 1,000,000 shares common shares valued at a fair value of $0.0252 per share or $25,200 to St. George Investments LLC, in lieu of exchange fee for a loan note.

On April 25, 2016, the Company issued 250,000 shares of restricted common stock valued at a fair value of $0.0143 per share or $3,575 in lieu of client introduction fee of $3,750.

On April 25, 2016, the Company issued 100,000 shares of restricted common stock valued at a fair value of $0.0143 per share or $1,430 in lieu of client introduction fee of $1,500.

On April 29, 2016, the Company issued 3,000,000 shares common shares valued at a fair value of $0.0149 per share or $44,700 to St. George Investments LLC, in lieu of a second exchange fee for a loan note.

The above securities were issued by the Company in reliance on the exemption from registration provided by Section 4.(a) (2) of the Securities Act of 1933, as amended.

Item 3. Defaults upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits.

See Exhibit Index below for exhibits required by Item 601 of regulation S-K.

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

*	Filed herewith.

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: May 11, 2016	/s/ Peter J. Smith
	Peter J. Smith
	President and Chief Executive Officer
	(Principal Executive Officer)

Date: May 11, 2016	/s/ Enzo Taddei
	Enzo Taddei
	Chief Financial Officer
	(Principal Accounting and Financial Officer)

EX-31.1 2 ex31-1.htm

Exhibit 31.1

GLOBAL EQUITY INTERNATIONAL, INC.

A Nevada corporation

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

Section 302 Certification

I, Peter J. Smith, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Global Equity International, Inc. for the three months ended March 31, 2016.

2.	Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this interim report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15(f)) for the registrant and have:

	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this annual report is being prepared;

	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

	a)	All significant deficiencies in the design of operation of internal controls which would adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weakness in internal controls; and

	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: May 11, 2016	/s/ Peter J. Smith
	Peter J. Smith
	President and Chief Executive Officer
	(Principal Executive Officer)

EX-31.2 3 ex31-2.htm

Exhibit 31.2

GLOBAL EQUITY INTERNATIONAL, INC.

A Nevada corporation

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

Section 302 Certification

I, Enzo Taddei, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Global Equity International, Inc. for the three months ended March 31, 2016.

2.	Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this interim report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this annual report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

	a.	All significant deficiencies in the design of operation of internal controls which would adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weakness in internal controls; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: May 11, 2016	/s/ Enzo Taddei
	Enzo Taddei
	Chief Financial Officer
	(Principal Accounting and Financial Officer)

EX-32.1 4 ex32-1.htm

Exhibit 32.1

GLOBAL EQUITY INTERNATIONAL, INC.

A Nevada corporation

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Global Equity International, Inc. (“Company”) on Form 10-Q for the quarter ended March 31, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Peter J. Smith, President and Chief Executive Officer, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906, or other document authentication, acknowledging, or otherwise adopting the signature that appears in typed from within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Date: May 11, 2016	/s/ Peter J. Smith
	Peter J. Smith
	President and Chief Executive Officer
	(Principal Executive Officer)

EX-32.2 5 ex32-2.htm

Exhibit 32.2

GLOBAL EQUITY INTERNATIONAL, INC.

A Nevada corporation

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Global Equity International, Inc. (“Company”) on Form 10-Q for the quarter ended March 31, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Enzo Taddei, Chief Financial Officer, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 11, 2016	/s/ Enzo Taddei
	Enzo Taddei
	Chief Financial Officer
	(Principal Accounting and Financial Officer)

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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 disclosures necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is managements opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation.   The unaudited interim consolidated financial statements should be read in conjunction with the Companys Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Managements Discussion and Analysis, for the year ended December 31, 2015. The interim results for the period ended March 31, 2016 are not necessarily indicative of results for the full fiscal year.

Note 8 - Stockholders Equity   a) Preferred Stock   On November 30, 2011, the Company authorized and designated 5,000,000 Series A convertible preferred shares. On November 13, 2012, the Companys board of directors approved an amendment to the Certificate of Designation; to amend the voting rights and conversion rights of the Companys Series A preferred shares as follows:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%"> </td> <td style="width: 24px; text-align: justify; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">Voting Rights:  10 votes per share (votes along with common stock); </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">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; </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">Dividend Rights: None; </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">Liquidation Rights: None</td></tr> </table>   At March 31, 2016 there were no Series A preferred shares issued.    b) Common Stock   During the three months ended March 31, 2016, the Company issued 1,000,000 common shares valued at a fair value of $0.0252 per share or $25,200 in lieu of exchange fee for a loan note. See Note 7(E).

660578 2050775

31850

35035

P2Y

0001533106

35000

56196

20000

304569

13500

776166

777166

195780

269901

487744

-795820

42163

56276

19026

1979

180402

20000

160402

319598

293607

343217

79386 89788 -660578 The following table represents the accounts payable to related parties as of March 31, 2016 and December 31, 2015, respectively:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Salaries</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">319,308</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">152,875</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Expenses</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">58,137</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">50,734</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">377,445</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">203,609</td> <td style="line-height: 115%"> </td></tr> </table>

744587

226616

480000

37971

0.05

The following table represents breakdown of accounts payable and accrued liabilities as of March 31, 2016 and December 31, 2015, respectively:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Accrued salaries and benefits</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">89,788</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">79,386</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Other payables & accrued liabilities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">343,217</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">293,607</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">433,005</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">372,993</td> <td style="line-height: 115%"> </td></tr> </table>

<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Loan granted in 2013</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">120,420</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest accrued in 2013</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">56,196</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance at December 31, 2013</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">176,616</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in 2014</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">50,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at December 31, 2014</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">226,616</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest accrued in 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Potential damages accrued in 2015</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">184,656</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at December 31, 2015</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">411,272</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">411,272</td> <td style="line-height: 115%"> </td></tr> </table> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Loan granted in 2013</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">319,598</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest accrued in 2013</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">39,602</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance at December 31, 2013</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">359,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in 2014</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">390,197</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at December 31, 2014</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">749,397</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Monitoring fee accrual</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">124,175</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">287,006</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest repayment</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(20,000</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Excess interest and monitoring fee gain</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(660,578</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at December 31, 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">480,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">480,000</td> <td style="line-height: 115%"> </td></tr> </table> 440018 120420 319598

411272

226616

411272

P1Y

780515973

5024

523443

1036382

839130

535000

1815 456 164 267 160 261

419365

M1 Lux AG Monkey Rock Group Inc. Voz Mobile Cloud Limited Arrow Cars International Inc. Direct Security Integration Inc. Duo World Inc. Duo World Inc. Primesite Developments Inc. Primesite Developments Inc. M1 Lux AG Monkey Rock Group Inc. Voz Mobile Cloud Limited Arrow Cars International Inc. Direct Security Integration Inc. Duo World Inc. Primesite Developments Inc. Duo World Inc. Quartal Financial Solutions AG Primesite Developments Inc. Quartal Financial Solutions AG 2000000 1500000 3200000 3000000 400000 19166521 950000 3460000 500000 5606521 450000 2000000 1500000 3200000 3000000 400000 3460000 5606521 19166521 136600 2271 450000 586600 3000 3068886 950 865000 500 1781521 450 3000 865000 1781521 2649521 136 419365 450 586 Private Company Reporting Company – OTC Private Company Reporting Company – OTC Private Company Private Company Private Company Private Company Private Company Private Company Reporting Company – OTC Private Company Reporting Company – OTC Private Company Private Company Private Company Private Company Private Company Private Company Private Company

37204

37655

17123

19970

P3Y

P5Y

30000

5000

Following is the summary of all non-convertible notes, net of debt discount, including the accrued interest as at March 31, 2016:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Date of Note</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Principal </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Accrued Interest</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total payable</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 115%">October 9, 2013</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">120,420</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">106,196</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">226,616</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">October 17, 2013</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">319,598</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">160,402</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">480,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">November 26, 2013</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">37,971</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">37,971</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance at March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">440,018</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">304,569</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">744,587</td> <td style="line-height: 115%"> </td></tr> </table> 184656 -20000

1000000

363400

500000

136600

1000000

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. On August 22, 2014, we formed a Dubai subsidiary of Global Equity Partners Plc. called GE Professionals DMCC. Global Equity Partners Plc. is the parent company of its 100% subsidiary GE Professionals DMCC (Dubai).   Revenue is generated from business consulting services, introduction fees, employment placements and equity participation.

Note 3 - 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.   As reflected in the accompanying consolidated financial statements, the Company had a net income of $487,744 and net cash provided by operations of $9,540 for the three months ended March 31, 2016; and a working capital deficit of $2,050,775 and stockholders´ equity of $1,036,382 as of March 31, 2016. Some of these factors raise substantial doubt about the Companys ability to continue as a going concern.   The ability for the Company to continue its operations is primarily dependent on:   <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">a)</td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify">Continually engaging with new clients which over the years has become consistent.</td></tr> <tr style="vertical-align: top"> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"> </td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"> </td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif">b)</td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify">Consummating and executing current engagements.</td></tr> </table>   Whilst the Company´s current engagements are being consummated and executed, the Company may also have to resort to borrowing additional funds with certain related parties, such as management, and also third party funders on a non-discounted basis (if for shares, on a fixed price basis) to sustain the Companys existence. In addition, in the event that operating cash flows are slowed, the Company would reduce its overheads wherever possible and any monies owed to the management can also be forgiven, if necessary.   The Company´s deferred revenue, $535,000 at March 31, 2016, is non-refundable hence once certain contractual milestones are achieved or contractual terms pass over time, as applicable, on each individual engagement a proportion of deferred revenue will become revenue for the Company and therefore no cash outlays are required for these liabilities.   It is important to note that the two largest debts (The Able Foundation loan & Eden loan) stated on our current liabilities are non-collateralized and non-convertible loans.

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 and Global Equity Partners Plc. is the parent company of its 100% subsidiary, GE Professionals DMCC (Dubai). 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. Significant estimates in the accompanying financial statements include allowance for doubtful accounts and loans, estimates of fair value of securities received for services, depreciation of fixed assets, derivative valuations and equity valuations for non-cash transactions.   Risks and Uncertainties   The Companys 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 March 31, 2016 and at December 31, 2015, 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.   Foreign currency policy   The Companys accounting policies related to the consolidation and accounting for foreign operations are as follows: The accompanying consolidated financial statements are presented in U.S. dollars. The functional currency of the Companys Dubai subsidiary is the Arab Emirates Dirham (AED). All foreign currency balances and transactions are translated into United States dollars $ and/or USD as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Equity transactions are translated at each historical transaction date spot rate. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of our stockholders equity (deficit) as Accumulated other comprehensive income (loss). Since the AED is tagged to the U.S. dollar, translation gains and losses are always de minimis, therefore a statement of comprehensive income (loss) is not presented. Gains and losses resulting from foreign currency transactions are included in the statement of operations.   Investments   (A) Classification of Securities   Marketable Securities   At the time of the acquisition, a marketable 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.   Any unrealized gains and losses are reported as a component of other comprehensive income (loss). Realized gains (losses) are computed on a specific identification basis and are reflected in the statement of operations.   Cost Method Investments   Securities that are not classified as marketable securities are accounted for under the cost method. These securities are recorded at their original cost basis and are subject to impairment testing.   (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 Companys 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 record any permanent impairment during the three months ended March 31, 2016 or 2015.    Fixed Assets   Fixed assets are 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 statements.   Beneficial Conversion Feature   For conventional convertible debt where the rate of conversion is below market value, the Company records any beneficial conversion feature (BCF) intrinsic value as additional paid in capital and related debt discount.   When the Company records a BCF, the relative fair value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument. The discount is 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 financing costs and debt discounts in connection with raising funds through the issuance of debt whether convertible or not. 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   If debt is issued 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.   Revenue Recognition   We recognize revenue from the services we provide in accordance with ASC Topic 605, Revenue Recognition. ASC Topic 605 sets forth guidance as to when revenue is realized or realizable and earned, which is generally, when all of the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been performed; (3) the sellers price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. Generally, the contract terms for these services are relatively short in duration.   We receive consideration in the form of cash and/or securities.   We recognize cash consideration as revenues as the services are performed either on a pro rata basis or on a milestone basis.   Securities received as consideration are often earned at a point in time when the specified event occurs and the securities are issued to us. Therefore, we measure and recognize these securities received at fair value on the date of receipt. If securities are received in advance of completion of our services, the fair value will be recorded as deferred revenue and recognized as revenue as the services are competed.   All revenues are generated from clients whose operations are based outside of the United States.   At March 31, 2016 the Company had the following concentrations of accounts receivable with customers:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">Customer</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%; line-height: 115%">PDI</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 25%; text-align: right; line-height: 115%">54.14</td> <td style="width: 1%; line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">EEC</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">45.86</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100</td> <td style="line-height: 115%">%</td></tr> </table>   The Company had no accounts receivable at December 31, 2015.   For the three months ended March 31, 2016 and 2015, the Company had the following concentrations of revenues with customers:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">Customer</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 51%; line-height: 115%">SAC</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 20%; text-align: right; line-height: 115%">0</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 22%; text-align: right; line-height: 115%">100</td> <td style="width: 1%; line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">PDI</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">36.65</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">QFS</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">54.16</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">INSCX</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">4.74</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">GPL</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1.19</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">EEC</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3.26</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100 </td> <td style="line-height: 115%">% </td></tr> </table>   Deferred Revenue   Deferred revenue represents fees that have been received by the Company for requested services that have not been completed. Following table illustrates the movement in deferred revenue during the three months ended March 31, 2016 and the year ended December 31, 2015:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Balance, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">839,130</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">New payments received in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">50,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Cash deferred revenue recognized as revenue in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(77,500</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Securities deferred revenue recognized as revenue in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(276,630</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance, March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">535,000</td> <td style="line-height: 115%"> </td></tr> </table>   Share-based payments   The Company recognizes all forms of share-based payments to employees, 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 as of the measurement date. Amounts received prior to the measurement date are adjusted to fair value at each reporting period until a measurement date is achieved. 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:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 29px; line-height: 115%"> </td> <td style="width: 29px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">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. </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">The expected term is developed by management estimate.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">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.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">The expected volatility is based on management estimates which are based upon our historical volatility.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">The forfeiture rate is based on historical experience.</td></tr> </table>   Earnings per Share   The basic net 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 are computed by dividing net income (loss) by the weighted average number of shares of common stock and common stock equivalents outstanding during the period.   As at March 31, 2016, the Company had 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 Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.   The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 29px; line-height: 115%"> </td> <td style="width: 29px; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">Level 3: Unobservable inputs reflecting the Companys assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.</td></tr> </table>   The carrying amounts reported in the balance sheet for prepaid expenses, accounts receivable, accounts payable, accounts payable to related parties and loans payable to related parties, approximate fair value are based on the short-term nature of these instruments.   The Company measures its derivative liabilities at fair market value on a recurring basis and measures its non-marketable securities at fair value on a non-recurring basis. Consequently, the Company may have gains and losses reported in the statement of operations.   The following is the Companys assets and liabilities measured at fair value on a recurring and nonrecurring basis at March 31, 2016 and December 31, 2015, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Level 3 Non-Marketable Securities Non-recurring</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">3,069,472</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">2,650,471</td> <td style="line-height: 115%"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table>   The following section describes the valuation methodologies the Company uses to measure financial instruments at fair value:   Marketable Securities  The Level 2 position consists of the Companys investment in equity securities of stock held in publically traded companies. The valuation of these securities is based on significant inputs that are observable or can be derived from or corroborated by observable market data. These valuations are typically based on quoted prices in active markets. The Company´s investments in equity securities are in relatively inactive markets.   Non-Marketable Securities at Fair Value on a Nonrecurring Basis  Certain assets are measured at fair value on a nonrecurring basis. The level 3 position consist of investments accounted for under the cost method. The Level 3 position consists of investments in equity securities held in private companies.    Management believes that an other-than-temporary impairment would be justified, as according to ASC 320-10 an investment is considered impaired when the fair value of an investment is less than its amortized cost basis. The impairment is considered either temporary or other-than-temporary. The accounting literature does not define other-than-temporary. It does, however, state that other-than-temporary does not mean permanent, although, all permanent impairments are considered other-than-temporary. The literature does provide some examples of factors, which may be indicative of an other-than-temporary impairment, such as:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 29px; line-height: 115%"> </td> <td style="width: 29px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">the length of time and extent to which market value has been less than cost;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">the financial condition and near-term prospects of the issuer; and</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">the intent and ability of the holder to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in market value.</td></tr> </table>   Management believes that the fair value of its investment has been correctly measured, as the length of time that the stock has been less than cost is nominal.   Changes in Level 3 assets measured at fair value for the three months ended March 31, 2016 were as follows:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Balance, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">2,650,471</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Realized and unrealized gains (losses)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Securities received for services during the period</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">419,365</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Sales and settlements during the period</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(364</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Impairment loss</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance, March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">3,069,472</td> <td style="line-height: 115%"> </td></tr> </table>   Recent Accounting Pronouncements   There are no new accounting pronouncements that have any impact on the Companys financial statements other than discussed below:   In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-08,Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which makes targeted improvements to clarify the principal versus agent assessment and are intended to make the guidance more operable and lead to more consistent application. The amendments, however, do not eliminate the significant judgments related to principal versus agent assessments. This guidance is effective for calendar year-end in 2018 for interim and annual reporting periods. The Company is currently evaluating the impact this guidance will have on its Consolidated Balance Sheet.

Note 5 Investments   The Company holds following common equity securities in private and reporting companies:    <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: top; padding-bottom: 1.5pt"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016 </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; border-bottom: black 1.5pt solid; line-height: 115%">Company</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">No. of Shares</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Book value</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">No. of Shares</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Book value</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Status</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 20%; line-height: 115%">M1 Lux AG</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; line-height: 115%">2,000,000</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; line-height: 115%">2,000,000</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 19%; line-height: 115%">Private Company</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%">Monkey Rock Group Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">1,500,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">1,500,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Reporting Company OTC</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%">Voz Mobile Cloud Limited</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,200,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,200,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%">Arrow Cars International Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,000,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,000,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Reporting Company OTC</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%">Direct Security Integration Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">400,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">400,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%">Duo World Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,460,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">865,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,460,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">865,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%">Primesite Developments Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">5,606,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">1,781,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">5,606,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">1,781,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%">Quartal Financial Solutions AG</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">2,271</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">419,365</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">19,166,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">3,068,886</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">19,166,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2,649,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> </table>   The Company holds following preferred equity securities in private companies:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016 </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015 </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">Company</td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">No. of Shares</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Book value</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">No. of Shares</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Book value</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Status</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 20%; line-height: 115%">Duo World Inc.</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">136,600</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">136</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">500,000</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 19%; line-height: 115%">Private Company</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Primesite Developments Inc.</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">450,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">450</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">450,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">450</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">Private Company</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">586,600</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">586</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">950,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">950</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> </table>   On February 08, 2016, the Company entered into an agreement with Yenom (Pvt) Limited where the Company agreed to pay an equity commission, for the introduction of a client to the Company, in the form of transfer of 363,400 preferred shares (valued at $0.005 per share) of Duo World Inc. out of the 500,000 preferred shares which were owned by the Company at the year ended December 31, 2015. As a result of this transfer, the Companys investment in preferred shares of Duo World Inc. was reduced to 136,600 preferred shares as on March 31, 2016 and a gain of $1,454 was recorded on transfer of this preferred stock.   On March 29, 2016, the Company received 1,815 common shares valued at CHF 160 or $163.89 and 456 common shares valued at CHF 261 or $267.34 from a private company and client having a fair market value of $419,365 that is treated as a cost method investment. The value of the cost method investment pertains to receipt of agreed common stock in a private company in which the best evidence of value was based on the management representation of that private company.   At March 31, 2016, there were no identifiable events or changes in circumstances that had a significant adverse effect on the value of the investments; hence, no impairment is required as at March 31, 2016.

Note 6 Fixed Assets   The following table reflects net book value of fixed assets as at March 31, 2016 and December 31, 2015:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">03/31/2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Useful Life</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 34%; line-height: 115%">Furniture and Equipment</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 19%; text-align: right; line-height: 115%">37,655</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 19%; text-align: right; line-height: 115%">37,204</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 21%; text-align: center; line-height: 115%">3 to 5 years</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Accumulated depreciation</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(19,970</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(17,123</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Net fixed assets</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">17,685</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">20,081</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> </table>   Depreciation expense for the three months ended March 31, 2016 and March 31, 2015, was $2,848 and $2,752, respectively.

Note 7 Debt & Accounts payables   (A) Accounts payable and accrued liabilities   The following table represents breakdown of accounts payable and accrued liabilities as of March 31, 2016 and December 31, 2015, respectively:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Accrued salaries and benefits</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">89,788</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">79,386</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Other payables & accrued liabilities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">343,217</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">293,607</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">433,005</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">372,993</td> <td style="line-height: 115%"> </td></tr> </table>   (B) Accounts payable and accrued liabilities related parties   The following table represents the accounts payable to related parties as of March 31, 2016 and December 31, 2015, respectively:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Salaries</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">319,308</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">152,875</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Expenses</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">58,137</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">50,734</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">377,445</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">203,609</td> <td style="line-height: 115%"> </td></tr> </table>   (C) Related party short term loans payable   The Company received loans from two of its officers and directors. The loans are non-interest bearing, unsecured and due on demand. The following table represents the loans payable activity as of March 31, 2016:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Short term loans payable related party December 31, 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 79%; text-align: justify; line-height: 115%">Proceeds from loans</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 18%; text-align: right; line-height: 115%">5,724</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Repayments</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Converted to common stock</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Short term loans payable related party March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">5,024</td> <td style="line-height: 115%"> </td></tr> </table>   (D) Notes payable   Following is the summary of all non-convertible notes, net of debt discount, including the accrued interest as at March 31, 2016:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Date of Note</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Principal </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Accrued Interest</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total payable</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 115%">October 9, 2013</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">120,420</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">106,196</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">226,616</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">October 17, 2013</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">319,598</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">160,402</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">480,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">November 26, 2013</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">37,971</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">37,971</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance at March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">440,018</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">304,569</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">744,587</td> <td style="line-height: 115%"> </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">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 a five month extension. This stock compensation was issued to the lender also on December 12, 2013. This loan is currently in default. Total accrued interest as at March 31, 2016 is $106,196. The Company also accrued $184,656 provision for potential damages due to the ongoing litigation in the Dubai Courts as of March 31, 2016 which is included in accounts payable and accrued liabilities in the accompanying consolidated balance sheet. (See Note 10) </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Loan granted in 2013</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">120,420</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest accrued in 2013</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">56,196</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance at December 31, 2013</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">176,616</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in 2014</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">50,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at December 31, 2014</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">226,616</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest accrued in 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Potential damages accrued in 2015</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">184,656</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at December 31, 2015</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">411,272</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">411,272</td> <td style="line-height: 115%"> </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">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 principal plus 5% per month interest on or before January 18, 2014. The note holder received, as a form of guarantee, 1,600,000 shares of Direct Security Integration Inc. and the note holder is currently trying to sell these shares. The shares used as a form of guarantee formed part of the assets of our Company.</td></tr> </table>   On September 18, 2015, the Company and the note holder agreed to amend the previous terms of the agreement and both parties agreed on the new terms whereby the company is now liable to pay $500,000 as full and final payment of the October 17, 2013 loan principal, accrued interest, and all other related penalties. This repayment will not accrue any further interest or penalties. As a result, the Company has reversed the excess accrued interest and monitoring fee payable amounting to $660,578 recognized as a gain on settlement; leaving the principal loan balance of $319,598 and accrued interest balance $180,402 of as on September 30, 2015.   On December 21, 2015, the company repaid first installment of the accrued interest amounting to $20,000; leaving the accrued interest balance of $160,402 and principal loan balance $319,598 of as on December 31, 2015. The next two quarterly installments of $50,000 each, as per the amended agreement, have not been paid as of March 31, 2016 and the total outstanding balance owed to the lender is $480,000 as of March 31, 2016.   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Loan granted in 2013</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">319,598</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest accrued in 2013</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">39,602</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance at December 31, 2013</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">359,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in 2014</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">390,197</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at December 31, 2014</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">749,397</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Monitoring fee accrual</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">124,175</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">287,006</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest repayment</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(20,000</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Excess interest and monitoring fee gain</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(660,578</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at December 31, 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">480,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest accrued in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance at March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">480,000</td> <td style="line-height: 115%"> </td></tr> </table>   (E) Fixed price convertible note payable   On August 27, 2015, the Company secured a six month non-convertible loan for $135,000 carrying an original issue discount of $30,000. In addition, the company agreed to pay $5,000 to the note holder to cover their legal costs and the interest will not be accrued on the outstanding principal balance unless an event of default occurs.   During the three months ended March 31, 2016, $1,667 of the debt issuance costs and $10,000 of the debt discount balance was amortized to interest expense, leaving an unamortized issue cost and discount balance of $0.   On March 18, 2016, the Company entered into an exchange agreement with the same lender whereby original purchase agreement dated August 27, 2015 was exchanged with the new agreement to extend the loan repayment term until April 17, 2016. The total exchange price for $135,000 of principal of the Old Note was as follows:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">$135,000 principal of New Note, and</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">an issuance of 1,000,000 common shares to the lender as exchange shares. </td></tr> </table>   Also, in the new note, there was an addition of a conversion option that the lender has right at any time after the exchange date until the outstanding balance has been paid in full, to convert all or any part of the outstanding balance into common shares of the Company at a fixed conversion price of $0.025. There is no beneficial conversion feature as the conversion price is higher than the current market value of the GEQU stock. Since a conversion option was added to the note in the March 18, 2016 modification, this modification is accounted for as a debt extinguishment on that date and $25,200 was recognized as loss on debt extinguishment. (See Note 8)   Subsequent to the three months ended March 31, 2016, on April 28, 2016, St. George decided not to opt for converting the principal loan to common shares. Instead, on April 28, 2016, the Company renegotiated the loan terms, further extending the repayment to July 1, 2016. The terms of this further extension were a one-off 10% interest payment of $13,500 to be added to the principal of $135,000 and the issuance of 3,000,000 common shares. The Company accounted for this further extension as a debt extinguishment of previous extension dated March 18, 2016 and $58,200 was recognized as loss on debt extinguishment comprising of $13,500 of interest payment and $44,700 for issuance of 3,000,000 common shares of the Company valued at a fair value of $0.0149 on the date of new exchange.

Note 9 Related Party Transactions   Following is the list of related parties and their relationships with the Company for the three months ended March 31, 2016 and the year ended December 31, 2015:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 40%; border-bottom: black 1.5pt solid; line-height: 115%">Name</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 59%; border-bottom: black 1.5pt solid; line-height: 115%">Relationship</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Mr. Charles D. Taylor</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">Director and Chairman of the Board</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Mr. Peter J. Smith</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">President, Chief Executive Officer and Director</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Mrs. Angela G. Smith</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">Spouse of Mr. Peter Smith</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Mr. Enzo Taddei</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">Chief Financial Officer, Secretary and Director</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Mr. Patrick V. Dolan</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">New Business Development Managing Director and Director</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Alpha 1066, Inc.</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">Majority owned by two officers of the Company</td></tr> </table>   As discussed in Note 7(b) and 7(c), following is the breakdown of related party balances as on March 31, 2016 and December 31, 2015:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Accounts payable and accrued liabilities related parties</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">377,445</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">203,609</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Short term loans payable related parties</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">5,024</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">382,469</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">203,609</td> <td style="line-height: 115%"> </td></tr> </table>

Note 10 Commitments and contingencies   <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">●</td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify">On October 9, 2013, the Company secured a two month loan for GBP 75,000 (equivalent to $120,420) and issued 10,000 restricted shares of common stock to the lender, The Able Foundation, on December 7, 2013, and also repaid 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 restricted shares of common stock in consideration for a for a five month extension on the loan. This stock compensation was issued to the lender also on December 12, 2013. The Company is currently in litigation, in the courts of Dubai, regarding the Able Foundation loan.</td></tr> </table>   The plaintiff, the Able Foundation, is requesting a settlement of $411,272, which is the $226,616 currently owed, and an additional $184,656 accrued in 2015 as a provision for potential damages (see Note 7(D)).   On, June 1, 2015, the Company (the defendant) retained the legal services of a Dubai based law firm called Al Safar & Partners. Currently, there is a judgment against the Company (the defendant) for the recovery of $411,272.   The Companys Dubai lawyers, Al Safar & Partners, have subsequently appealed this judgment based on the fact that they believe from a legal stand point that:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%"> </td> <td style="width: 24px; line-height: 115%">1)</td> <td style="text-align: justify; line-height: 115%">the Company (the defendant) has not been heard, which is a violation of the fundamental principle of law Audi Alteram Partem.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">2)</td> <td style="text-align: justify; line-height: 115%">there is no legal existence of Global Equity Partners Plc. in Dubai as it is a Republic of Seychelles corporation, hence the Courts of Dubai have no jurisdiction in the matter.</td></tr> </table>   According to the Dubai lawyers, the judgment issued against the Company (the defendant) by the Dubai First Instance Court bears no legality and void therefore the Plaintiff´s claim should be rejected in its entirety.   These legal proceedings and appeal are currently ongoing. The Company intends to vigorously defend the litigation. At this time, the Company cannot predict the outcome of the litigation.   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">On October 7, 2015, the Company renewed its rent agreement for its head office at Dubai for a further period of two years amounting to a rental of $31,850 per annum for the first year (from November 2015 until October 2016) and $35,035 for the second year (from November 2016 until October 2017). This agreement is further renewable for a period of one year at 5% higher than the current rent.</td></tr> </table>

Note 11 Subsequent events   <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 10pt/115% Times New Roman, Times, Serif">●</td> <td style="font: 10pt/115% Times New Roman, Times, Serif; text-align: justify">On April 10, 2016, the Company was engaged by a producing oil and gas company called Deutsche Oel & Gas SA. This client engaged our professional services to assist with sourcing capital funding for the expansion of its  South Alaskan assets located in the Cook Inlet.</td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">On April 25, 2016, the Company issued 250,000 shares of restricted common stock valued at a fair value of $0.0143 per share or $3,575, based on closing trade price on grant date, in lieu of client introduction fee of $3,750.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">On April 25, 2016, the Company issued 100,000 shares of restricted common stock valued at a fair value of $0.0143 per share or $1,430, based on closing trade price on grant date, in lieu of client introduction fee of $1,500.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">On April 27, 2016, the Company received 46,133 common shares valued at $0.75 per share from a client in lieu of professional services rendered.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">On April 28, 2016, the Company entered into another exchange agreement (Second Exchange) with St. George Investments whereby first exchange agreement dated March 18, 2016 was exchanged with the new agreement to extend the loan repayment term until July 1, 2016. The total exchange price for $135,000 of principal of the Old Note was as follows:</td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%"> </td> <td style="width: 24px; line-height: 115%">a)</td> <td style="line-height: 115%">$135,000 principal of New Note</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">b)</td> <td style="line-height: 115%">$13,500 being one-off 10% interest payment to be added the principal, and </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">c)</td> <td style="line-height: 115%">A one-off issuance of 3,000,000 common shares to the lender as exchange shares. </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">d)</td> <td style="line-height: 115%">A conversion option at a fixed price of $0.025 per common share.</td></tr> </table>   The Company accounted for this further extension as a debt extinguishment of previous extension dated March 18, 2016 and $58,200 was recognized as loss on debt extinguishment comprising of $13,500 of interest payment and $44,700 for issuance of 3,000,000 common shares of the Company valued at a fair value of $0.0149 per share on the date of new exchange.   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">On April 29, 2016, the Company secured another six month non-convertible loan for $135,000 carrying an original issue discount of $30,000. In addition, the company agreed to pay $5,000 to the note holder to cover their legal costs and the interest will not be accrued on the outstanding principal balance unless an event of default occurs.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">On April 29, 2016, the Company was engaged by a Cypriot based company called Majestic Wealth Limited that is seeking to raise capital funding to exploit various opportunities in the property development and tourism sector in Cyprus.</td></tr> </table>

At March 31, 2016 the Company had the following concentrations of accounts receivable with customers:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">Customer</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%; line-height: 115%">PDI</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 25%; text-align: right; line-height: 115%">54.14</td> <td style="width: 1%; line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">EEC</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">45.86</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100</td> <td style="line-height: 115%">%</td></tr> </table>

For the three months ended March 31, 2016 and 2015, the Company had the following concentrations of revenues with customers:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">Customer</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 51%; line-height: 115%">SAC</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 20%; text-align: right; line-height: 115%">0</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 22%; text-align: right; line-height: 115%">100</td> <td style="width: 1%; line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">PDI</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">36.65</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">QFS</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">54.16</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">INSCX</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">4.74</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">GPL</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1.19</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">EEC</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3.26</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100 </td> <td style="line-height: 115%">% </td></tr> </table>

Following table illustrates the movement in deferred revenue during the three months ended March 31, 2016 and the year ended December 31, 2015:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Balance, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">839,130</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">New payments received in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">50,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Cash deferred revenue recognized as revenue in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(77,500</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Securities deferred revenue recognized as revenue in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(276,630</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance, March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">535,000</td> <td style="line-height: 115%"> </td></tr> </table>

The following is the Companys assets and liabilities measured at fair value on a recurring and nonrecurring basis at March 31, 2016 and December 31, 2015, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 115%">Level 3 Non-Marketable Securities Non-recurring</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 18%; text-align: right; line-height: 115%">3,069,472</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 18%; text-align: right; line-height: 115%">2,650,471</td> <td style="width: 1%; line-height: 115%"> </td></tr> </table>

Changes in Level 3 assets measured at fair value for the three months ended March 31, 2016 were as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Balance, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">2,650,471</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Realized and unrealized gains (losses)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Securities received for services during the period</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">419,365</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Sales and settlements during the period</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(364</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Impairment loss</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance, March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">3,069,472</td> <td style="line-height: 115%"> </td></tr> </table>

The Company holds following common equity securities in private and reporting companies:    <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: top; padding-bottom: 1.5pt"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016 </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; border-bottom: black 1.5pt solid; line-height: 115%">Company</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">No. of Shares</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Book value</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">No. of Shares</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Book value</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Status</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 20%; line-height: 115%">M1 Lux AG</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; line-height: 115%">2,000,000</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; line-height: 115%">2,000,000</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 19%; line-height: 115%">Private Company</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%">Monkey Rock Group Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">1,500,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">1,500,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Reporting Company OTC</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%">Voz Mobile Cloud Limited</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,200,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,200,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%">Arrow Cars International Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,000,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,000,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Reporting Company OTC</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%">Direct Security Integration Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">400,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">400,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%">Duo World Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,460,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">865,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">3,460,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">865,000</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%">Primesite Developments Inc.</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">5,606,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">1,781,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">5,606,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 115%">1,781,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%">Quartal Financial Solutions AG</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">2,271</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">419,365</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%">Private Company</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">19,166,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">3,068,886</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">19,166,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2,649,521</td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> </table>   The Company holds following preferred equity securities in private companies:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016 </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015 </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">Company</td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">No. of Shares</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Book value</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">No. of Shares</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Book value</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Status</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 20%; line-height: 115%">Duo World Inc.</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">136,600</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">136</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">500,000</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 19%; line-height: 115%">Private Company</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Primesite Developments Inc.</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">450,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">450</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">450,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">450</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">Private Company</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">586,600</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">586</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">950,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">950</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> </table>

The following table reflects net book value of fixed assets as at March 31, 2016 and December 31, 2015:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">03/31/2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Useful Life</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 34%; line-height: 115%">Furniture and Equipment</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 19%; text-align: right; line-height: 115%">37,655</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 19%; text-align: right; line-height: 115%">37,204</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 21%; text-align: center; line-height: 115%">3 to 5 years</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Accumulated depreciation</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(19,970</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(17,123</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Net fixed assets</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">17,685</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">20,081</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> </table>

5024

203609

382469

136543

179286

7982

7990

86398

54987

60033

2650471

3069472

20081

17685

2807095

3266443

2283652

2230061

135000

563351

440018

839130

535000

203609

377445

372993

433005

-7187216

-6699473

6934493

6958689

2807095

3266443

0.001

776165973

777165973

843528

15000

319060

472592

64154

115704

56278

84235

524468

-457592

-36724

-338228

-1392

178

36073 93226

776176962

48357432

0.00

-0.02

-92856 1454

-1817

695995

2848

2752

57625

-27500

460000

173836

-19487

60089

81834

-1433

-31411

40529

60033

9541

28589

-452

-1109

452

1109

700

5724

5024

-43482

14113

-16002

-1045

70247

419365

50000

25200

58200

3000000

25200

250000

100000

46133

3575

1430

3750 1500

135000

5000

-276630

50000 1667 -25119 36073 -25119 2016

As discussed in Note 7(b) and 7(c), following is the breakdown of related party balances as on March 31, 2016 and December 31, 2015:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">3/31/2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">12/31/2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Accounts payable and accrued liabilities related parties</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">377,445</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">203,609</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Short term loans payable related parties</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">5,024</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">382,469</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">203,609</td> <td style="line-height: 115%"> </td></tr> </table>

184656

-77500

Principles of Consolidation   Global Equity International Inc. is the parent company of its 100% subsidiary Global Equity Partners Plc and Global Equity Partners Plc. is the parent company of its 100% subsidiary, GE Professionals DMCC (Dubai). 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. Significant estimates in the accompanying financial statements include allowance for doubtful accounts and loans, estimates of fair value of securities received for services, depreciation of fixed assets, derivative valuations and equity valuations for non-cash transactions.

Risks and Uncertainties   The Companys 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 March 31, 2016 and at December 31, 2015, 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.

Foreign currency policy   The Companys accounting policies related to the consolidation and accounting for foreign operations are as follows: The accompanying consolidated financial statements are presented in U.S. dollars. The functional currency of the Companys Dubai subsidiary is the Arab Emirates Dirham (AED). All foreign currency balances and transactions are translated into United States dollars $ and/or USD as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Equity transactions are translated at each historical transaction date spot rate. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of our stockholders equity (deficit) as Accumulated other comprehensive income (loss). Since the AED is tagged to the U.S. dollar, translation gains and losses are always de minimis, therefore a statement of comprehensive income (loss) is not presented. Gains and losses resulting from foreign currency transactions are included in the statement of operations.

Investments   (A) Classification of Securities   Marketable Securities   At the time of the acquisition, a marketable 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.   Any unrealized gains and losses are reported as a component of other comprehensive income (loss). Realized gains (losses) are computed on a specific identification basis and are reflected in the statement of operations.   Cost Method Investments   Securities that are not classified as marketable securities are accounted for under the cost method. These securities are recorded at their original cost basis and are subject to impairment testing.   (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 Companys 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 record any permanent impairment during the three months ended March 31, 2016 or 2015.

Fixed Assets   Fixed assets are 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 statements.

Beneficial Conversion Feature   For conventional convertible debt where the rate of conversion is below market value, the Company records any beneficial conversion feature (BCF) intrinsic value as additional paid in capital and related debt discount.   When the Company records a BCF, the relative fair value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument. The discount is 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 financing costs and debt discounts in connection with raising funds through the issuance of debt whether convertible or not. 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   If debt is issued 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.

Revenue Recognition   We recognize revenue from the services we provide in accordance with ASC Topic 605, Revenue Recognition. ASC Topic 605 sets forth guidance as to when revenue is realized or realizable and earned, which is generally, when all of the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been performed; (3) the sellers price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. Generally, the contract terms for these services are relatively short in duration.   We receive consideration in the form of cash and/or securities.   We recognize cash consideration as revenues as the services are performed either on a pro rata basis or on a milestone basis.   Securities received as consideration are often earned at a point in time when the specified event occurs and the securities are issued to us. Therefore, we measure and recognize these securities received at fair value on the date of receipt. If securities are received in advance of completion of our services, the fair value will be recorded as deferred revenue and recognized as revenue as the services are competed.   All revenues are generated from clients whose operations are based outside of the United States.   At March 31, 2016 the Company had the following concentrations of accounts receivable with customers:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">Customer</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%; line-height: 115%">PDI</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 25%; text-align: right; line-height: 115%">54.14</td> <td style="width: 1%; line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">EEC</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">45.86</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100</td> <td style="line-height: 115%">%</td></tr> </table>   The Company had no accounts receivable at December 31, 2015.   For the three months ended March 31, 2016 and 2015, the Company had the following concentrations of revenues with customers:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">Customer</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 51%; line-height: 115%">SAC</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 20%; text-align: right; line-height: 115%">0</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 22%; text-align: right; line-height: 115%">100</td> <td style="width: 1%; line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">PDI</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">36.65</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">QFS</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">54.16</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">INSCX</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">4.74</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">GPL</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1.19</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">EEC</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3.26</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">100 </td> <td style="line-height: 115%">% </td></tr> </table>

Deferred Revenue   Deferred revenue represents fees that have been received by the Company for requested services that have not been completed. Following table illustrates the movement in deferred revenue during the three months ended March 31, 2016 and the year ended December 31, 2015:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Balance, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">839,130</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">New payments received in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">50,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Cash deferred revenue recognized as revenue in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(77,500</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Securities deferred revenue recognized as revenue in Q1 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(276,630</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance, March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">535,000</td> <td style="line-height: 115%"> </td></tr> </table>

Share-based payments   The Company recognizes all forms of share-based payments to employees, 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 as of the measurement date. Amounts received prior to the measurement date are adjusted to fair value at each reporting period until a measurement date is achieved. 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:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 29px; line-height: 115%"> </td> <td style="width: 29px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">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. </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">The expected term is developed by management estimate.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">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.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">The expected volatility is based on management estimates which are based upon our historical volatility.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">The forfeiture rate is based on historical experience.</td></tr> </table>

Earnings per Share   The basic net 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 are computed by dividing net income (loss) by the weighted average number of shares of common stock and common stock equivalents outstanding during the period.   As at March 31, 2016, the Company had 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 Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.   The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 29px; line-height: 115%"> </td> <td style="width: 29px; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">Level 3: Unobservable inputs reflecting the Companys assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.</td></tr> </table>   The carrying amounts reported in the balance sheet for prepaid expenses, accounts receivable, accounts payable, accounts payable to related parties and loans payable to related parties, approximate fair value are based on the short-term nature of these instruments.   The Company measures its derivative liabilities at fair market value on a recurring basis and measures its non-marketable securities at fair value on a non-recurring basis. Consequently, the Company may have gains and losses reported in the statement of operations.   The following is the Companys assets and liabilities measured at fair value on a recurring and nonrecurring basis at March 31, 2016 and December 31, 2015, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Level 3 Non-Marketable Securities Non-recurring</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">3,069,472</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">2,650,471</td> <td style="line-height: 115%"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table>   The following section describes the valuation methodologies the Company uses to measure financial instruments at fair value:   Marketable Securities  The Level 2 position consists of the Companys investment in equity securities of stock held in publically traded companies. The valuation of these securities is based on significant inputs that are observable or can be derived from or corroborated by observable market data. These valuations are typically based on quoted prices in active markets. The Company´s investments in equity securities are in relatively inactive markets.   Non-Marketable Securities at Fair Value on a Nonrecurring Basis  Certain assets are measured at fair value on a nonrecurring basis. The level 3 position consist of investments accounted for under the cost method. The Level 3 position consists of investments in equity securities held in private companies.    Management believes that an other-than-temporary impairment would be justified, as according to ASC 320-10 an investment is considered impaired when the fair value of an investment is less than its amortized cost basis. The impairment is considered either temporary or other-than-temporary. The accounting literature does not define other-than-temporary. It does, however, state that other-than-temporary does not mean permanent, although, all permanent impairments are considered other-than-temporary. The literature does provide some examples of factors, which may be indicative of an other-than-temporary impairment, such as:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 29px; line-height: 115%"> </td> <td style="width: 29px; line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">the length of time and extent to which market value has been less than cost;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">the financial condition and near-term prospects of the issuer; and</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%">●</td> <td style="text-align: justify; line-height: 115%">the intent and ability of the holder to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in market value.</td></tr> </table>   Management believes that the fair value of its investment has been correctly measured, as the length of time that the stock has been less than cost is nominal.   Changes in Level 3 assets measured at fair value for the three months ended March 31, 2016 were as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%">Balance, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">2,650,471</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Realized and unrealized gains (losses)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Securities received for services during the period</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">419,365</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Sales and settlements during the period</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(364</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Impairment loss</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Balance, March 31, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">3,069,472</td> <td style="line-height: 115%"> </td></tr> </table>

Recent Accounting Pronouncements   There are no new accounting pronouncements that have any impact on the Companys financial statements other than discussed below:   In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-08,Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which makes targeted improvements to clarify the principal versus agent assessment and are intended to make the guidance more operable and lead to more consistent application. The amendments, however, do not eliminate the significant judgments related to principal versus agent assessments. This guidance is effective for calendar year-end in 2018 for interim and annual reporting periods. The Company is currently evaluating the impact this guidance will have on its Consolidated Balance Sheet.

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Smith [Member] Enzo Taddei [Member] Notes Payable One [Member] Adar Bay LLC [Member] Convertible Redeemable Note One [Member] Convertible Redeemable Note Two [Member] Preferred Shares [Member] Furniture and Equipment [Member] Property, Plant and Equipment, Type [Axis] Customer TAM [Member] Customer EER [Member] Customer MGP [Member] Duo World Inc., [Member] Related Party Short Term Convertible Notes [Member] Short-term Debt, Type [Axis] Adar Bay LLC [Member] First Note [Member] KMB Worldwide Inc [Member] Board of Directors [Member] Title of Individual [Axis] Convertible Loans Payable Short Term [Member] Related Parties Convertible Loans Payable Long Term [Member] Contra Equity Account [Member] Customer DSI [Member] Customer MHB [Member] Customer ALP [Member] Primesite Developments Inc [Member] Accounts Payable and Accrued Liabilities [Member] Balance Sheet Location [Axis] Employee 1 [Member] Employee 2 [Member] Accounts Payable and Accrued Liabilities - Related Parties [Member] Officers and Directors [Member] Mr. Peter Smith [Member] Mr. Patrick Dolan [Member] Short Term Loans Payable [Member] Third Note [Member] Non-convertible Notes October 9, 2013 [Member] Non-convertible Notes October 17, 2013 [Member] Non-convertible Notes November 26, 2013 [Member] Non-convertible Notes August 27, 2015 [Member] Nevada Corporation [Member] Restricted Stock [Member] Mr. Charles Taylor [Member] Notes Payable Loan One [Member] Notes Payable Bridge Loan [Member] Renewed Lease Agreement [Member] Scenario [Axis] from November 2015 until October 2016 [Member] Report Date [Axis] from November 2016 until October 2017 [Member] Additional Paid-In Capital [Member] Stock Payable [Member] Accumulated Deficit [Member] Accumulated Other Comprehensive Income / (Loss) [Member] Customer VTH [Member] Customer AUT [Member] Customer ATC [Member] Customer QFS [Member] Customer INSCX [Member] Asher Enterprises Inc. [Member] Accrued Interest [Member] EEC [Member] Customer GPL [Member] CHF [Member] Quartal Financial Solutions AG [Member] New Note [Member] April 17, 2016 [Member] April 28, 2016 [Member] Subsequent Event [Member] Subsequent Event Type [Axis] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] Assets Current Assets Cash Accounts receivable Prepaids Other current assets Total current assets Investments, cost Fixed assets, net Total assets Liabilities and Stockholders' Equity Current Liabilities Accounts payable and accrued liabilities Accounts payable and accrued liabilities - related parties Deferred revenue Loans payable - related parties Accrued interest Loans payable - net of unamortized issuance costs and discount of $0 and $11,667, respectively Fixed price convertible note payable Total liabilities Commitments and contingencies (Note 10) Stockholders' Equity Common stock: 1,000,000,000 shares authorized; $0.001 par value: 777,165,973 and 776,165,973 shares issued and outstanding, respectively. Additional paid in capital Accumulated deficit Total stockholders' equity Total liabilities and stockholders' equity Loans payable - net of unamortized issuance costs and discount Common stock, shares authorized Common stock, par value Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenue General and administrative expenses Salaries Professional services Depreciation Total operating expenses Income / (loss) from operations Other income (expense): Interest expense Finance Charges Amortization of debt discount Loss on derivative liabilities Gain on conversion of notes Loss on extinguishment of debt and other liabilities Gain on transfer of preferred stock Exchange rate (loss) / gain Total other income (expense) Net income / (loss) Weighted average number of common shares outstanding - basic & dilutive Net income (loss) per common share - basic & dilutive Statement of Cash Flows [Abstract] Cash flows from operating activities Net income / (loss) Adjustments to reconcile net income / (loss) to net cash provided by (used in) operating activities Securities recorded as revenue for services Securities paid for services Gain on transfer of preferred stock Loss on extinguishment of debt and other liabilities Gain on conversion of notes Loss on embedded conversion option derivative liabilities Amortization of debt discount Finance Charges Changes in operating assets and liabilities: Accounts receivable Prepaids Other current assets Accounts payable and accrued liabilities EX-101.PRE 11 gequ-20160331_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	May. 10, 2016
Document And Entity Information
Entity Registrant Name	GLOBAL EQUITY INTERNATIONAL INC
Entity Central Index Key	0001533106
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		780,515,973
Trading Symbol	GEQU
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2016

XML 13 R2.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash	$ 56,276	$ 42,163
Accounts receivable	60,033
Prepaids	54,987	$ 86,398
Other current assets	7,990	7,982
Total current assets	179,286	136,543
Investments, cost	3,069,472	2,650,471
Fixed assets, net	17,685	20,081
Total assets	3,266,443	2,807,095
Current Liabilities
Accounts payable and accrued liabilities	433,005	372,993
Accounts payable and accrued liabilities - related parties	377,445	203,609
Deferred revenue	535,000	$ 839,130
Loans payable - related parties	5,024
Accrued interest	304,569	$ 304,569
Loans payable - net of unamortized issuance costs and discount of $0 and $11,667, respectively	440,018	$ 563,351
Fixed price convertible note payable	135,000
Total liabilities	2,230,061	$ 2,283,652
Commitments and contingencies (Note 10)
Stockholders' Equity
Common stock: 1,000,000,000 shares authorized; $0.001 par value: 777,165,973 and 776,165,973 shares issued and outstanding, respectively.	777,166	$ 776,166
Additional paid in capital	6,958,689	6,934,493
Accumulated deficit	(6,699,473)	(7,187,216)
Total stockholders' equity	1,036,382	523,443
Total liabilities and stockholders' equity	$ 3,266,443	$ 2,807,095

XML 14 R3.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Loans payable - net of unamortized issuance costs and discount	$ 0	$ 11,667
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	777,165,973	776,165,973
Common stock, shares outstanding	777,165,973	776,165,973

XML 15 R4.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue	$ 843,528	$ 15,000
General and administrative expenses	56,278	84,235
Salaries	195,780	269,901
Professional services	64,154	115,704
Depreciation	2,848	2,752
Total operating expenses	319,060	472,592
Income / (loss) from operations	$ 524,468	(457,592)
Other income (expense):
Interest expense		(57,625)
Finance Charges		(93,226)
Amortization of debt discount	$ (11,667)	(130,772)
Loss on derivative liabilities		(92,856)
Gain on conversion of notes		$ 36,073
Loss on extinguishment of debt and other liabilities	$ (25,119)
Gain on transfer of preferred stock	1,454
Exchange rate (loss) / gain	(1,392)	$ 178
Total other income (expense)	(36,724)	(338,228)
Net income / (loss)	$ 487,744	$ (795,820)
Weighted average number of common shares outstanding - basic & dilutive	776,176,962	48,357,432
Net income (loss) per common share - basic & dilutive	$ 0.00	$ (0.02)

XML 16 R5.htm IDEA: XBRL DOCUMENT

Consolidated Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net income / (loss)	$ 487,744	$ (795,820)
Adjustments to reconcile net income / (loss) to net cash provided by (used in) operating activities
Depreciation	2,848	$ 2,752
Securities recorded as revenue for services	(695,995)
Securities paid for services	1,817
Gain on transfer of preferred stock	(1,454)
Loss on extinguishment of debt and other liabilities	$ 25,119
Gain on conversion of notes		$ (36,073)
Loss on embedded conversion option derivative liabilities		92,856
Amortization of debt discount	$ 11,667	130,772
Finance Charges		$ 93,226
Changes in operating assets and liabilities:
Accounts receivable	$ (60,033)
Prepaids	31,411	$ (40,529)
Other current assets	(8)	1,433
Accounts payable and accrued liabilities	60,089	81,834
Accounts payable - related parties	173,836	(19,487)
Deferred revenue	$ (27,500)	460,000
Accrued interest		57,625
Net cash provided by operating activities:	$ 9,541	28,589
Cash Flows used in investing activities:
Office furniture and equipment, net	(452)	(1,109)
Net cash used in investing activities	(452)	$ (1,109)
Cash flows from financing activities:
Proceeds from loans - related parties	5,724
Repayment of loans - related parties	$ (700)
Repayment of notes payable		$ (43,482)
Net cash provided (used) by financing activities	$ 5,024	(43,482)
Net increase (decrease) in cash	$ 14,113	(16,002)
Effect of Exchange Rates on Cash		(1,045)
Cash at Beginning of Period	$ 42,163	19,026
Cash at End of Period	$ 56,276	$ 1,979
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities:
Notes payable and interest converted into shares		$ 70,247

XML 17 R6.htm IDEA: XBRL DOCUMENT

Basis of Presentation

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Note 1 - Basis of Presentation

XML 18 R7.htm IDEA: XBRL DOCUMENT

Nature of Operations

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations

Note 2 - Nature of Operations

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

XML 19 R8.htm IDEA: XBRL DOCUMENT

Going Concern

3 Months Ended

Mar. 31, 2016

Going Concern

Going Concern

Note 3 - Going Concern

The ability for the Company to continue its operations is primarily dependent on:

	a)	Continually engaging with new clients which over the years has become consistent.

	b)	Consummating and executing current engagements.

It is important to note that the two largest debts (The Able Foundation loan & Eden loan) stated on our current liabilities are non-collateralized and non-convertible loans.

XML 20 R9.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 4 - Summary of Significant Accounting Policies

Principles of Consolidation

Use of Estimates

Risks and Uncertainties

Cash

Accounts Receivable and Allowance for Doubtful Accounts

Foreign currency policy

Investments

(A) Classification of Securities

Marketable Securities

Cost Method Investments

Securities that are not classified as marketable securities are accounted for under the cost method. These securities are recorded at their original cost basis and are subject to impairment testing.

(B) Other than Temporary Impairment

Fixed Assets

Beneficial Conversion Feature

Debt issue costs and debt discount

Original issue discount

Revenue Recognition

We receive consideration in the form of cash and/or securities.

We recognize cash consideration as revenues as the services are performed either on a pro rata basis or on a milestone basis.

All revenues are generated from clients whose operations are based outside of the United States.

At March 31, 2016 the Company had the following concentrations of accounts receivable with customers:

Customer	March 31, 2016

PDI		54.14	%
EEC		45.86	%
		*100*	%

The Company had no accounts receivable at December 31, 2015.

For the three months ended March 31, 2016 and 2015, the Company had the following concentrations of revenues with customers:

Customer	March 31, 2016			March 31, 2015

SAC		0	%		100	%
PDI		36.65	%		0	%
QFS		54.16	%		0	%
INSCX		4.74	%		0	%
GPL		1.19	%		0	%
EEC		3.26	%		0	%
		*100*	%		*100*	%

Deferred Revenue

Balance, December 31, 2015	$	839,130
New payments received in Q1 2016		50,000
Cash deferred revenue recognized as revenue in Q1 2016		(77,500	)
Securities deferred revenue recognized as revenue in Q1 2016		(276,630	)
Balance, March 31, 2016	$	535,000

Share-based payments

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 is 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 which are based upon our historical volatility.

	●	The forfeiture rate is based on historical experience.

Earnings per Share

As at March 31, 2016, the Company had 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

	●	Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

	●	Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

	●	Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

	March 31, 2016		December 31, 2015
Level 3 – Non-Marketable Securities – Non-recurring	$	3,069,472	$	2,650,471

The following section describes the valuation methodologies the Company uses to measure financial instruments at fair value:

	●	the length of time and extent to which market value has been less than cost;

	●	the financial condition and near-term prospects of the issuer; and

	●	the intent and ability of the holder to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in market value.

Management believes that the fair value of its investment has been correctly measured, as the length of time that the stock has been less than cost is nominal.

Changes in Level 3 assets measured at fair value for the three months ended March 31, 2016 were as follows:

Balance, December 31, 2015	$	2,650,471
Realized and unrealized gains (losses)		-
Securities received for services during the period		419,365
Sales and settlements during the period		(364	)
Impairment loss		-
Balance, March 31, 2016	$	3,069,472

Recent Accounting Pronouncements

There are no new accounting pronouncements that have any impact on the Company’s financial statements other than discussed below:

XML 21 R10.htm IDEA: XBRL DOCUMENT

Investments

3 Months Ended

Mar. 31, 2016

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Investments

Note 5 – Investments

The Company holds following common equity securities in private and reporting companies:

	3/31/2016				12/31/2015
Company	No. of Shares		Book value		No. of Shares		Book value		Status
M1 Lux AG		2,000,000	$	-		2,000,000	$	-	Private Company
Monkey Rock Group Inc.		1,500,000	$	-		1,500,000	$	-	Reporting Company – OTC
Voz Mobile Cloud Limited		3,200,000	$	-		3,200,000	$	-	Private Company
Arrow Cars International Inc.		3,000,000	$	3,000		3,000,000	$	3,000	Reporting Company – OTC
Direct Security Integration Inc.		400,000	$	-		400,000	$	-	Private Company
Duo World Inc.		3,460,000	$	865,000		3,460,000	$	865,000	Private Company
Primesite Developments Inc.		5,606,521	$	1,781,521		5,606,521	$	1,781,521	Private Company
Quartal Financial Solutions AG		2,271	$	419,365		-		-	Private Company
		19,166,521	$	3,068,886		19,166,521	$	2,649,521

The Company holds following preferred equity securities in private companies:

	3/31/2016				12/31/2015
Company	No. of Shares		Book value		No. of Shares		Book value		Status
Duo World Inc.		136,600	$	136		500,000	$	500	Private Company
Primesite Developments Inc.		450,000	$	450		450,000	$	450	Private Company
		586,600	$	586		950,000	$	950

XML 22 R11.htm IDEA: XBRL DOCUMENT

Fixed Assets

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Fixed Assets

Note 6 – Fixed Assets

The following table reflects net book value of fixed assets as at March 31, 2016 and December 31, 2015:

	03/31/2016			12/31/2015			Useful Life
Furniture and Equipment	$	37,655		$	37,204		3 to 5 years
Accumulated depreciation	$	(19,970	)	$	(17,123	)
Net fixed assets	$	17,685		$	20,081

Depreciation expense for the three months ended March 31, 2016 and March 31, 2015, was $2,848 and $2,752, respectively.

XML 23 R12.htm IDEA: XBRL DOCUMENT

Debt & Accounts Payables

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Debt & Accounts Payables

Note 7 – Debt & Accounts payables

(A) Accounts payable and accrued liabilities

The following table represents breakdown of accounts payable and accrued liabilities as of March 31, 2016 and December 31, 2015, respectively:

	3/31/2016		12/31/2015
Accrued salaries and benefits	$	89,788	$	79,386
Other payables & accrued liabilities		343,217		293,607
	$	433,005	$	372,993

(B) Accounts payable and accrued liabilities – related parties

The following table represents the accounts payable to related parties as of March 31, 2016 and December 31, 2015, respectively:

	3/31/2016		12/31/2015
Salaries	$	319,308	$	152,875
Expenses		58,137		50,734
	$	377,445	$	203,609

(C) Related party – short term loans payable

Short term loans payable – related party – December 31, 2015	$	-
Proceeds from loans		5,724
Repayments		(700	)
Converted to common stock		-
Short term loans payable – related party – March 31, 2016	$	5,024

(D) Notes payable

Following is the summary of all non-convertible notes, net of debt discount, including the accrued interest as at March 31, 2016:

Date of Note	Principal			Accrued Interest		Total payable
October 9, 2013	$	120,420	$	106,196	$	226,616
October 17, 2013		319,598		160,402		480,000
November 26, 2013		-		37,971		37,971

Balance at March 31, 2016	$	440,018	$	304,569	$	744,587

●

Loan granted in 2013	$	120,420
Interest accrued in 2013		56,196
Balance at December 31, 2013	$	176,616

Interest accrued in 2014		50,000
Balance at December 31, 2014	$	226,616

Interest accrued in 2015		-
Potential damages accrued in 2015		184,656
Balance at December 31, 2015	$	411,272
Interest accrued in Q1 2016		-
Balance at March 31, 2016	$	411,272

●

Loan granted in 2013	$	319,598
Interest accrued in 2013		39,602
Balance at December 31, 2013	$	359,200

Interest accrued in 2014		390,197
Balance at December 31, 2014	$	749,397

Monitoring fee accrual		124,175
Interest accrued in 2015		287,006
Interest repayment		(20,000	)
Excess interest and monitoring fee gain		(660,578	)
Balance at December 31, 2015	$	480,000
Interest accrued in Q1 2016		-
Balance at March 31, 2016	$	480,000

(E) Fixed price convertible note payable

	●	$135,000 principal of New Note, and

	●	an issuance of 1,000,000 common shares to the lender as exchange shares.

XML 24 R13.htm IDEA: XBRL DOCUMENT

Stockholders' Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Stockholders' Equity

Note 8 - Stockholders’ Equity

a) Preferred Stock

	●	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

At March 31, 2016 there were no Series “A” preferred shares issued.

b) Common Stock

During the three months ended March 31, 2016, the Company issued 1,000,000 common shares valued at a fair value of $0.0252 per share or $25,200 in lieu of exchange fee for a loan note. See Note 7(E).

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

+ Details

XML 25 R14.htm IDEA: XBRL DOCUMENT

Related Party Transactions

3 Months Ended

Mar. 31, 2016

Related Party Transactions

Note 9 – Related Party Transactions

Following is the list of related parties and their relationships with the Company for the three months ended March 31, 2016 and the year ended December 31, 2015:

Name		Relationship
Mr. Charles D. Taylor		Director and Chairman of the Board
Mr. Peter J. Smith		President, Chief Executive Officer and Director
Mrs. Angela G. Smith		Spouse of Mr. Peter Smith
Mr. Enzo Taddei		Chief Financial Officer, Secretary and Director
Mr. Patrick V. Dolan		New Business Development Managing Director and Director
Alpha 1066, Inc.		Majority owned by two officers of the Company

As discussed in Note 7(b) and 7(c), following is the breakdown of related party balances as on March 31, 2016 and December 31, 2015:

	3/31/2016		12/31/2015
Accounts payable and accrued liabilities – related parties	$	377,445	$	203,609
Short term loans payable – related parties		5,024		-
	$	382,469	$	203,609

XML 26 R15.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 10 – Commitments and contingencies

●

The Company’s Dubai lawyers, Al Safar & Partners, have subsequently appealed this judgment based on the fact that they believe from a legal stand point that:

	1)	the Company (the defendant) has not been heard, which is a violation of the fundamental principle of law “Audi Alteram Partem”.

	2)	there is no legal existence of Global Equity Partners Plc. in Dubai as it is a Republic of Seychelles corporation, hence the Courts of Dubai have no jurisdiction in the matter.

These legal proceedings and appeal are currently ongoing. The Company intends to vigorously defend the litigation. At this time, the Company cannot predict the outcome of the litigation.

●

XML 27 R16.htm IDEA: XBRL DOCUMENT

Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

Note 11 – Subsequent events

●	On April 10, 2016, the Company was engaged by a producing oil and gas company called Deutsche Oel & Gas SA. This client engaged our professional services to assist with sourcing capital funding for the expansion of its South Alaskan assets located in the Cook Inlet.

●	On April 25, 2016, the Company issued 250,000 shares of restricted common stock valued at a fair value of $0.0143 per share or $3,575, based on closing trade price on grant date, in lieu of client introduction fee of $3,750.

●	On April 25, 2016, the Company issued 100,000 shares of restricted common stock valued at a fair value of $0.0143 per share or $1,430, based on closing trade price on grant date, in lieu of client introduction fee of $1,500.

●	On April 27, 2016, the Company received 46,133 common shares valued at $0.75 per share from a client in lieu of professional services rendered.

●	On April 28, 2016, the Company entered into another exchange agreement (Second Exchange) with St. George Investments whereby first exchange agreement dated March 18, 2016 was exchanged with the new agreement to extend the loan repayment term until July 1, 2016. The total exchange price for $135,000 of principal of the Old Note was as follows:

	a)	$135,000 principal of New Note
	b)	$13,500 being one-off 10% interest payment to be added the principal, and
	c)	A one-off issuance of 3,000,000 common shares to the lender as exchange shares.
	d)	A conversion option at a fixed price of $0.025 per common share.

●	On April 29, 2016, the Company secured another six month non-convertible loan for $135,000 carrying an original issue discount of $30,000. In addition, the company agreed to pay $5,000 to the note holder to cover their legal costs and the interest will not be accrued on the outstanding principal balance unless an event of default occurs.

●	On April 29, 2016, the Company was engaged by a Cypriot based company called Majestic Wealth Limited that is seeking to raise capital funding to exploit various opportunities in the property development and tourism sector in Cyprus.

XML 28 R17.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation

Use of Estimates

Use of Estimates

Risks and Uncertainties

Risks and Uncertainties

Cash

Cash

Accounts Receivable and Allowance for Doubtful Accounts

Accounts Receivable and Allowance for Doubtful Accounts

Foreign Currency Policy

Foreign currency policy

Investments

Investments

(A) Classification of Securities

Marketable Securities

Cost Method Investments

Securities that are not classified as marketable securities are accounted for under the cost method. These securities are recorded at their original cost basis and are subject to impairment testing.

(B) Other than Temporary Impairment

Fixed Assets

Fixed Assets

Beneficial Conversion Feature

Beneficial Conversion Feature

Debt Issue Costs and Debt Discount

Debt issue costs and debt discount

Original Issue Discount

Original issue discount

Revenue Recognition

Revenue Recognition

We receive consideration in the form of cash and/or securities.

We recognize cash consideration as revenues as the services are performed either on a pro rata basis or on a milestone basis.

All revenues are generated from clients whose operations are based outside of the United States.

At March 31, 2016 the Company had the following concentrations of accounts receivable with customers:

Customer	March 31, 2016

PDI		54.14	%
EEC		45.86	%
		*100*	%

The Company had no accounts receivable at December 31, 2015.

For the three months ended March 31, 2016 and 2015, the Company had the following concentrations of revenues with customers:

Customer	March 31, 2016			March 31, 2015

SAC		0	%		100	%
PDI		36.65	%		0	%
QFS		54.16	%		0	%
INSCX		4.74	%		0	%
GPL		1.19	%		0	%
EEC		3.26	%		0	%
		*100*	%		*100*	%

Deferred Revenue

Deferred Revenue

Balance, December 31, 2015	$	839,130
New payments received in Q1 2016		50,000
Cash deferred revenue recognized as revenue in Q1 2016		(77,500	)
Securities deferred revenue recognized as revenue in Q1 2016		(276,630	)
Balance, March 31, 2016	$	535,000

Share-based Payments

Share-based payments

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 is 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 which are based upon our historical volatility.

	●	The forfeiture rate is based on historical experience.

Earnings Per Share

Earnings per Share

As at March 31, 2016, the Company had 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

	●	Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

	●	Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

	●	Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

	March 31, 2016		December 31, 2015
Level 3 – Non-Marketable Securities – Non-recurring	$	3,069,472	$	2,650,471

The following section describes the valuation methodologies the Company uses to measure financial instruments at fair value:

	●	the length of time and extent to which market value has been less than cost;

	●	the financial condition and near-term prospects of the issuer; and

	●	the intent and ability of the holder to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in market value.

Management believes that the fair value of its investment has been correctly measured, as the length of time that the stock has been less than cost is nominal.

Changes in Level 3 assets measured at fair value for the three months ended March 31, 2016 were as follows:

Balance, December 31, 2015	$	2,650,471
Realized and unrealized gains (losses)		-
Securities received for services during the period		419,365
Sales and settlements during the period		(364	)
Impairment loss		-
Balance, March 31, 2016	$	3,069,472

Recent Accounting Pronouncements

Recent Accounting Pronouncements

There are no new accounting pronouncements that have any impact on the Company’s financial statements other than discussed below:

XML 29 R18.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Schedule of Accounts Receivables with Major Customers

At March 31, 2016 the Company had the following concentrations of accounts receivable with customers:

Customer	March 31, 2016

PDI		54.14	%
EEC		45.86	%
		*100*	%

Schedule of Revenues from Major Customers

For the three months ended March 31, 2016 and 2015, the Company had the following concentrations of revenues with customers:

Customer	March 31, 2016			March 31, 2015

SAC		0	%		100	%
PDI		36.65	%		0	%
QFS		54.16	%		0	%
INSCX		4.74	%		0	%
GPL		1.19	%		0	%
EEC		3.26	%		0	%
		*100*	%		*100*	%

Schedule of Deferred Revenue

Following table illustrates the movement in deferred revenue during the three months ended March 31, 2016 and the year ended December 31, 2015:

Balance, December 31, 2015	$	839,130
New payments received in Q1 2016		50,000
Cash deferred revenue recognized as revenue in Q1 2016		(77,500	)
Securities deferred revenue recognized as revenue in Q1 2016		(276,630	)
Balance, March 31, 2016	$	535,000

Schedule of Fair Value of Assets Measured on Recurring and Non-Recurring Basis

		March 31, 2016				December 31, 2015
Level 3 – Non-Marketable Securities – Non-recurring		$	3,069,472			$	2,650,471

Schedule of Changes in Level 3 Assets Measured at Fair Value

Changes in Level 3 assets measured at fair value for the three months ended March 31, 2016 were as follows:

Balance, December 31, 2015	$	2,650,471
Realized and unrealized gains (losses)		-
Securities received for services during the period		419,365
Sales and settlements during the period		(364	)
Impairment loss		-
Balance, March 31, 2016	$	3,069,472

XML 30 R19.htm IDEA: XBRL DOCUMENT

Investments (Tables)

3 Months Ended

Mar. 31, 2016

Investments Tables

Schedule of Equity Securities in Private Companies

The Company holds following common equity securities in private and reporting companies:

	3/31/2016				12/31/2015
Company	No. of Shares		Book value		No. of Shares		Book value		Status
M1 Lux AG		2,000,000	$	-		2,000,000	$	-	Private Company
Monkey Rock Group Inc.		1,500,000	$	-		1,500,000	$	-	Reporting Company – OTC
Voz Mobile Cloud Limited		3,200,000	$	-		3,200,000	$	-	Private Company
Arrow Cars International Inc.		3,000,000	$	3,000		3,000,000	$	3,000	Reporting Company – OTC
Direct Security Integration Inc.		400,000	$	-		400,000	$	-	Private Company
Duo World Inc.		3,460,000	$	865,000		3,460,000	$	865,000	Private Company
Primesite Developments Inc.		5,606,521	$	1,781,521		5,606,521	$	1,781,521	Private Company
Quartal Financial Solutions AG		2,271	$	419,365		-		-	Private Company
		19,166,521	$	3,068,886		19,166,521	$	2,649,521

The Company holds following preferred equity securities in private companies:

	3/31/2016				12/31/2015
Company	No. of Shares		Book value		No. of Shares		Book value		Status
Duo World Inc.		136,600	$	136		500,000	$	500	Private Company
Primesite Developments Inc.		450,000	$	450		450,000	$	450	Private Company
		586,600	$	586		950,000	$	950

XML 31 R20.htm IDEA: XBRL DOCUMENT

Fixed Assets (Tables)

3 Months Ended

Mar. 31, 2016

Fixed Assets Tables

Summary of Fixed Assets

The following table reflects net book value of fixed assets as at March 31, 2016 and December 31, 2015:

	03/31/2016			12/31/2015			Useful Life
Furniture and Equipment	$	37,655		$	37,204		3 to 5 years
Accumulated depreciation	$	(19,970	)	$	(17,123	)
Net fixed assets	$	17,685		$	20,081

XML 32 R21.htm IDEA: XBRL DOCUMENT

Debt & Accounts Payables (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Accounts Payable and Accrued Liabilities

The following table represents breakdown of accounts payable and accrued liabilities as of March 31, 2016 and December 31, 2015, respectively:

	3/31/2016		12/31/2015
Accrued salaries and benefits	$	89,788	$	79,386
Other payables & accrued liabilities		343,217		293,607
	$	433,005	$	372,993

Schedule of Accounts Payable and Accrued Liabilities to Related Parties

The following table represents the accounts payable to related parties as of March 31, 2016 and December 31, 2015, respectively:

	3/31/2016		12/31/2015
Salaries	$	319,308	$	152,875
Expenses		58,137		50,734
	$	377,445	$	203,609

Schedule of Loans Payable Activity

Short term loans payable – related party – December 31, 2015	$	-
Proceeds from loans		5,724
Repayments		(700	)
Converted to common stock		-
Short term loans payable – related party – March 31, 2016	$	5,024

Summary of Non-Convertible Notes Net of Discount and Accrued Interest

Following is the summary of all non-convertible notes, net of debt discount, including the accrued interest as at March 31, 2016:

Date of Note	Principal			Accrued Interest		Total payable
October 9, 2013	$	120,420	$	106,196	$	226,616
October 17, 2013		319,598		160,402		480,000
November 26, 2013		-		37,971		37,971

Balance at March 31, 2016	$	440,018	$	304,569	$	744,587

Notes Payable Loan One [Member]

Schedule of Notes Payable

Loan granted in 2013	$	120,420
Interest accrued in 2013		56,196
Balance at December 31, 2013	$	176,616

Interest accrued in 2014		50,000
Balance at December 31, 2014	$	226,616

Interest accrued in 2015		-
Potential damages accrued in 2015		184,656
Balance at December 31, 2015	$	411,272
Interest accrued in Q1 2016		-
Balance at March 31, 2016	$	411,272

Notes Payable Bridge Loan [Member]

Schedule of Notes Payable

Loan granted in 2013	$	319,598
Interest accrued in 2013		39,602
Balance at December 31, 2013	$	359,200

Interest accrued in 2014		390,197
Balance at December 31, 2014	$	749,397

Monitoring fee accrual		124,175
Interest accrued in 2015		287,006
Interest repayment		(20,000	)
Excess interest and monitoring fee gain		(660,578	)
Balance at December 31, 2015	$	480,000
Interest accrued in Q1 2016		-
Balance at March 31, 2016	$	480,000

XML 33 R22.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2016

Related Party Transactions Tables

Schedule of Breakdown Related Party Balances

As discussed in Note 7(b) and 7(c), following is the breakdown of related party balances as on March 31, 2016 and December 31, 2015:

	3/31/2016		12/31/2015
Accounts payable and accrued liabilities – related parties	$	377,445	$	203,609
Short term loans payable – related parties		5,024		-
	$	382,469	$	203,609

XML 34 R23.htm IDEA: XBRL DOCUMENT

Nature of Operations (Details Narrative)	Mar. 31, 2016	Aug. 22, 2014
Global Equity Partners Plc [Member]
Percentage of ownership in subsidiary company	100.00%	100.00%

XML 35 R24.htm IDEA: XBRL DOCUMENT

Going Concern (Details Narrative) - USD ($)	3 Months Ended
Going Concern (Details Narrative) - USD ($)	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Going Concern
Net income (loss)	$ 487,744	$ (795,820)
Net cash used in operating activities	9,541	$ 28,589
Working capital deficit	2,050,775
Stockholders' deficit	1,036,382		$ 523,443
Deferred revenue	$ 535,000		$ 839,130

XML 36 R25.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Mar. 31, 2016	Aug. 22, 2014
Cash equivalents
Accounts receivable
Global Equity Partners Plc [Member]
Percentage of equity ownership interest	100.00%	100.00%
GE Professionals DMCC [Member]
Percentage of equity ownership interest	100.00%

XML 37 R26.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Schedule of Accounts Receivables with Major Customers (Details)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Percentage of account receivables from major customers	100.00%	100.00%
PDI [Member]
Percentage of account receivables from major customers	36.65%	0.00%
EEC [Member]
Percentage of account receivables from major customers	3.26%	0.00%
Accounts Receivable [Member]
Percentage of account receivables from major customers	100.00%
Accounts Receivable [Member] \| PDI [Member]
Percentage of account receivables from major customers	54.14%
Accounts Receivable [Member] \| EEC [Member]
Percentage of account receivables from major customers	45.86%

XML 38 R27.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Schedule of Revenues from Major Customers (Details)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Percentage of revenue from major customers	100.00%	100.00%
Customer SAC [Member]
Percentage of revenue from major customers	0.00%	100.00%
PDI [Member]
Percentage of revenue from major customers	36.65%	0.00%
Customer QFS [Member]
Percentage of revenue from major customers	54.16%	0.00%
Customer INSCX [Member]
Percentage of revenue from major customers	4.74%	0.00%
Customer GPL [Member]
Percentage of revenue from major customers	1.19%	0.00%
EEC [Member]
Percentage of revenue from major customers	3.26%	0.00%

XML 39 R28.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Schedule of Deferred Revenue (Details)	3 Months Ended
	Mar. 31, 2016 USD ($)
Summary Of Significant Accounting Policies - Schedule Of Deferred Revenue Details
Beginning balance	$ 839,130
New payments received	50,000
Cash deferred revenue recognized as revenue in Q1 2016	(77,500)
Securities deferred revenue recognized as revenue in Q1 2016	(276,630)
Ending balance	$ 535,000

XML 40 R29.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Schedule of Fair Value of Assets Measured on Recurring and Non-Recurring Basis (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Level 3 – Non-Marketable Securities – Non-Recurring [Member]
Fair value of assets recurring and non-recurring basis	$ 3,069,472	$ 2,650,471

XML 41 R30.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Schedule of Changes in Level 3 Assets Measured at Fair Value (Details)	3 Months Ended
	Mar. 31, 2016 USD ($)
Accounting Policies [Abstract]
Balance, beginning	$ 2,650,471
Realized and unrealized gains (losses)
Securities received for services during the period	$ 419,365
Sales and settlements during the period	$ (364)
Impairment loss
Balance, ending	$ 3,069,472

XML 42 R31.htm IDEA: XBRL DOCUMENT

Investments (Details Narrative)						3 Months Ended		12 Months Ended
Investments (Details Narrative)	Mar. 29, 2016 USD ($) shares	Mar. 29, 2016 CHF (SFr) shares	Mar. 29, 2016 USD ($) shares	Mar. 29, 2016 CHF (SFr) shares	Feb. 08, 2016 $ / shares shares	Mar. 31, 2016 USD ($) $ / shares shares	Mar. 31, 2015 USD ($)	Dec. 31, 2015 shares
Gain on transfer of preferred stock \| $						$ (1,454)
Impairment of investments \| $						$ 419,365
Preferred Shares [Member] \| Duo World Inc., [Member]
Number of shares paid duing period						136,600
Preferred Shares [Member] \| Duo World Inc., [Member]
Number of shares paid duing period					363,400			500,000
Per share value \| $ / shares					$ 0.005
Common Stock [Member]
Number of shares paid duing period						1,000,000
Per share value \| $ / shares						$ 0.0252
Number of stock purchased from a private company	456	456	1,815	1,815
Value of stock purchased from a private company \| $	$ 267		$ 164
Common Stock [Member] \| CHF [Member]
Value of stock purchased from a private company \| SFr		SFr 261		SFr 160

XML 43 R32.htm IDEA: XBRL DOCUMENT

Investments - Schedule of Equity Securities in Private Companies (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Common Stock [Member]
No. of Shares	19,166,521	19,166,521
Book value	$ 3,068,886	$ 2,649,521
Common Stock [Member] \| M1 Lux AG [Member]
Company	M1 Lux AG	M1 Lux AG
No. of Shares	2,000,000	2,000,000
Book value
Status	Private Company	Private Company
Common Stock [Member] \| Monkey Rock Group Inc. [Member]
Company	Monkey Rock Group Inc.	Monkey Rock Group Inc.
No. of Shares	1,500,000	1,500,000
Book value
Status	Reporting Company – OTC	Reporting Company – OTC
Common Stock [Member] \| Voz Mobile Cloud Limited [Member]
Company	Voz Mobile Cloud Limited	Voz Mobile Cloud Limited
No. of Shares	3,200,000	3,200,000
Book value
Status	Private Company	Private Company
Common Stock [Member] \| Arrow Cars International Inc. [Member]
Company	Arrow Cars International Inc.	Arrow Cars International Inc.
No. of Shares	3,000,000	3,000,000
Book value	$ 3,000	$ 3,000
Status	Reporting Company – OTC	Reporting Company – OTC
Common Stock [Member] \| Direct Security Integration Inc. [Member]
Company	Direct Security Integration Inc.	Direct Security Integration Inc.
No. of Shares	400,000	400,000
Book value
Status	Private Company	Private Company
Common Stock [Member] \| Duo World Inc., [Member]
Company	Duo World Inc.	Duo World Inc.
No. of Shares	3,460,000	3,460,000
Book value	$ 865,000	$ 865,000
Status	Private Company	Private Company
Common Stock [Member] \| Primesite Developments Inc [Member]
Company	Primesite Developments Inc.	Primesite Developments Inc.
No. of Shares	5,606,521	5,606,521
Book value	$ 1,781,521	$ 1,781,521
Status	Private Company	Private Company
Common Stock [Member] \| Quartal Financial Solutions AG [Member]
Company	Quartal Financial Solutions AG	Quartal Financial Solutions AG
No. of Shares	2,271
Book value	$ 419,365
Status	Private Company	Private Company
Preferred Shares [Member]
No. of Shares	586,600	950,000
Book value	$ 586	$ 950
Preferred Shares [Member] \| Duo World Inc., [Member]
Company	Duo World Inc.	Duo World Inc.
No. of Shares	136,600	500,000
Book value	$ 136	$ 500
Status	Private Company	Private Company
Preferred Shares [Member] \| Primesite Developments Inc [Member]
Company	Primesite Developments Inc.	Primesite Developments Inc.
No. of Shares	450,000	450,000
Book value	$ 450	$ 450
Status	Private Company	Private Company

XML 44 R33.htm IDEA: XBRL DOCUMENT

Fixed Assets (Details Narrative) - USD ($)	3 Months Ended
Fixed Assets (Details Narrative) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Fixed Assets Details Narrative
Depreciation expense	$ 2,848	$ 2,752

XML 45 R34.htm IDEA: XBRL DOCUMENT

Fixed Assets - Summary of Fixed Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Furniture and equipment	$ 37,655	$ 37,204
Accumulated depreciation	(19,970)	(17,123)
Net fixed assets	$ 17,685	$ 20,081
Furniture and Equipment [Member] \| Minimum [Member]
Estimated useful life	3 years
Furniture and Equipment [Member] \| Maximum [Member]
Estimated useful life	5 years

XML 46 R35.htm IDEA: XBRL DOCUMENT

Debt & Accounts Payables (Details Narrative)								3 Months Ended		9 Months Ended	12 Months Ended
Debt & Accounts Payables (Details Narrative)	Mar. 18, 2016 USD ($) $ / shares shares	Aug. 27, 2015 USD ($)	Dec. 12, 2013 shares	Dec. 07, 2013 USD ($) shares	Dec. 07, 2013 GBP (£) shares	Oct. 17, 2013 USD ($)	Oct. 09, 2013 USD ($) shares	Mar. 31, 2016 USD ($) shares	Mar. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($) shares	Dec. 21, 2015 USD ($)	Sep. 18, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Oct. 17, 2013 GBP (£)	Oct. 09, 2013 GBP (£)
Secured loan						$ 319,598	$ 120,420
Issuance of restricted shares \| shares				10,000	10,000		10,000
Issuance of share repay lieu of interest				$ 56,196
Issuance of restricted common stock additionally \| shares			20,000
Interest payable								$ 304,569
Amortization of debt discount								11,667	$ 130,772
Unamortized debt discount								0			$ 11,667
Debt instrument, interest rate						5.00%
Accrued interest balance								304,569			304,569
Notes Payable One [Member]
Interest payable								106,196
Accrued provision for potential damages								184,656
Outstanding balance owed to lender								411,272			$ 411,272			$ 226,616	$ 176,616
Notes Payable Two [Member]
Number of shares issued during period \| shares											1,600,000
Outstanding balance owed to lender								480,000			$ 480,000			$ 749,397	$ 359,200
Second Note [Member]
Debt instruments face amount											319,598		$ 500,000
Gain on settlement of debt										$ 660,578
Loans principal balance										319,598
Accrued interest										$ 180,402	$ 160,402	$ 20,000
Installament as per the amended agreement								50,000
Outstanding balance owed to lender								480,000
Third Note [Member]
Secured loan		$ 135,000
Interest expense		5,000
Amortization of debt discount		$ 30,000						10,000
Unamortized debt discount								0
Debt issuance cost								1,667
New Note [Member]
Secured loan	$ 135,000
Number of shares issuance of common shares to lender \| shares	1,000,000
Fixed conversion price \| $ / shares	$ 0.025
Loss on debt extinguishment	$ 25,200
Number of common shares issued during period \| shares	3,000,000
Fair value on date of new exchange \| $ / shares	$ 0.0149
New Note [Member] \| April 28, 2016 [Member]
Debt instruments face amount								135,000
Accrued interest balance								13,500
Loss on debt extinguishment								58,200
Issuance shares value								$ 44,700
Number of common shares issued during period \| shares								3,000,000
GBP [Member]
Secured loan \| £																£ 200,000	£ 75,000
Issuance of share repay lieu of interest \| £					£ 35,000

XML 47 R36.htm IDEA: XBRL DOCUMENT

Debt & Accounts Payables - Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Accrued salaries and benefits	$ 89,788	$ 79,386
Other payables & accrued liabilities	343,217	293,607
Accounts payable and accrued liabilities	$ 433,005	$ 372,993

XML 48 R37.htm IDEA: XBRL DOCUMENT

Debt & Accounts Payables - Schedule of Accounts Payable and Accrued Liabilities to Related Parties (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Salaries	$ 319,308	$ 152,875
Expenses	58,137	50,734
Accounts Payable -Related parties	$ 377,445	$ 203,609

XML 49 R38.htm IDEA: XBRL DOCUMENT

Debt & Accounts Payables - Schedule of Loans Payable Activity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Debt Disclosure [Abstract]
Loans payable - related party - December 31, 2015
Proceeds from loans	$ 5,724
Repayments	$ (700)
Converted to common stock
Loans payable - related party - March 31, 2016	$ 5,024

XML 50 R39.htm IDEA: XBRL DOCUMENT

Debt & Accounts Payables - Summary of Non-Convertible Notes Net of Discount and Accrued Interest (Details)	Mar. 31, 2016 USD ($)
Principal (net of debt discount)	$ 440,018
Accrued Interest	304,569
Total payable	744,587
Non-convertible Notes October 9, 2013 [Member]
Principal (net of debt discount)	120,420
Accrued Interest	106,196
Total payable	226,616
Non-convertible Notes October 17, 2013 [Member]
Principal (net of debt discount)	319,598
Accrued Interest	160,402
Total payable	$ 480,000
Non-convertible Notes November 26, 2013 [Member]
Principal (net of debt discount)
Accrued Interest	$ 37,971
Total payable	$ 37,971

XML 51 R40.htm IDEA: XBRL DOCUMENT

Debt & Accounts Payables - Schedule of Notes Payable (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest accrued		$ 57,625
Notes Payable One [Member]
Notes payable, Beginning	$ 411,272	226,616	$ 226,616	$ 176,616
Loan granted					$ 120,420
Interest accrued				50,000	56,196
Potential damages accrued			$ 184,656
Notes payable, Ending	$ 411,272		411,272	226,616	176,616
Notes Payable Two [Member]
Notes payable, Beginning	$ 480,000	$ 749,397	749,397	359,200
Loan granted					319,598
Interest accrued			287,006		39,602
Accrued interest and expenses				390,197
Monitoring fee accrual			124,175
Interest repayment			(20,000)
Excess interest and monitoring fee gain			(660,578)
Notes payable, Ending	$ 480,000		$ 480,000	$ 749,397	$ 359,200

XML 52 R41.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Details Narrative) - USD ($)		3 Months Ended
Stockholders' Equity (Details Narrative) - USD ($)	Nov. 30, 2011	Mar. 31, 2016
Preferred Shares [Member]
Number of preferred stock authorized	5,000,000
Number of preferred stock designated	5,000,000
Preferred stock voting rights	10 votes per share
Common Stock [Member]
Number of stock issued during peirod		1,000,000
Fair value per share		$ 0.0252
Exchange fee for loan note		$ 25,200

XML 53 R42.htm IDEA: XBRL DOCUMENT

Related Party Transactions - Schedule of Breakdown Related Party Balances (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Related Party Transactions [Abstract]
Accounts payable and accrued liabilities - related parties	$ 377,445	$ 203,609
Short term loans payable - related parties	5,024
Breakdown of related party balances	$ 382,469	$ 203,609

XML 54 R43.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details Narrative)							3 Months Ended
Commitments and Contingencies (Details Narrative)	Oct. 07, 2015 USD ($)	Jun. 01, 2015 USD ($)	Dec. 07, 2013 USD ($) shares	Dec. 07, 2013 GBP (£) shares	Dec. 07, 2013 shares	Oct. 09, 2013 USD ($) shares	Mar. 31, 2016 USD ($)	Mar. 31, 2015 USD ($)	Oct. 17, 2013 USD ($)	Oct. 17, 2013 GBP (£)	Oct. 09, 2013 GBP (£)
Secured loan						$ 120,420			$ 319,598
Restricted shares \| shares					10,000	10,000
Repayment of loan			$ 56,196
Excess of restricted stock issued \| shares			20,000	20,000	20,000
Litigation settlement amount							$ 411,272
Due to litigation amount		$ 411,272					226,616
Litigation damages								$ 184,656
Lease agreement period	2 years
Rental expenses	$ 31,850
Renewed Lease Agreement [Member]
Lease agreement renewable period	1 year
Rent percentage highter than current rent payble	5.00%
Renewed Lease Agreement [Member] \| from November 2015 until October 2016 [Member]
Rental expenses							31,850
Renewed Lease Agreement [Member] \| from November 2016 until October 2017 [Member]
Rental expenses							$ 35,035
GBP [Member]
Secured loan \| £										£ 200,000	£ 75,000
Repayment of loan \| £				£ 35,000

XML 55 R44.htm IDEA: XBRL DOCUMENT

Subsequent Events (Details Narrative) - USD ($)	Apr. 29, 2016	Apr. 28, 2016	Apr. 27, 2016	Apr. 25, 2016	Apr. 25, 2016	Mar. 18, 2016	Mar. 31, 2016	Dec. 31, 2015
Interest payable							$ 304,569	$ 304,569
New Note [Member]
Fair value on date of new exchange						$ 0.0149
Number of common shares issued during period						3,000,000
Fixed conversion price						$ 0.025
Loss on debt extinguishment						$ 25,200
Number of stock issued during peirod						1,000,000
Subsequent Event [Member]
Number of restricted common stock shares issued during period			46,133	250,000	100,000
Fair value on date of new exchange			$ 0.75	$ 0.0143	$ 0.0143	$ 0.0149
Restricted common stock shares issued value				$ 3,575	$ 1,430
Client introduction fee				$ 3,750	$ 1,500
Loan repayment term until		Jul. 01, 2016
Total exchange price of principal of old note		$ 135,000
Interest payable						$ 13,500
Number of common shares issued during period						3,000,000
Loss on debt extinguishment						$ 58,200
Issuance shares value						$ 44,700
Non-convertible loan	$ 135,000
Carrying an original issue discount	30,000
Pay to note holder	$ 5,000
Subsequent Event [Member] \| New Note [Member]
Total exchange price of principal of old note		135,000
Interest payable		$ 13,500
Number of common shares issued during period		3,000,000
Fixed conversion price		$ 0.025