0001493152-20-015497.txt : 20200813 0001493152-20-015497.hdr.sgml : 20200813 20200813145354 ACCESSION NUMBER: 0001493152-20-015497 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 43 CONFORMED PERIOD OF REPORT: 20200630 FILED AS OF DATE: 20200813 DATE AS OF CHANGE: 20200813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Webstar Technology Group Inc. CENTRAL INDEX KEY: 0001645155 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 371780261 STATE OF INCORPORATION: WY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-222325 FILM NUMBER: 201098882 BUSINESS ADDRESS: STREET 1: 4231 WALNUT BEND CITY: JACKSONVILLE STATE: FL ZIP: 32257 BUSINESS PHONE: 8006086344 MAIL ADDRESS: STREET 1: 4231 WALNUT BEND CITY: JACKSONVILLE STATE: FL ZIP: 32257 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 June 30, 2020

 

[  ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the transition period from ___________ to ___________

 

Commission File Number 333-222325

 

Webstar Technology Group, Inc.

(Exact name of registrant as specified in its charter)

 

Wyoming   37-1780261

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

     

4231 Walnut Bend

Jacksonville, Florida 32257

  32257
(Address of principal executive offices)   (Zip code)

 

(800) 608-6344 (Registrant’s telephone number, including area code)

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
None   N/A   N/A

 

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 every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [X] No [  ]

 

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

 

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

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

 

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

 

As of August 13, 2020, there were 139,300,000, shares of common stock, $0.0001 par value per share and 1,000 shares of Series A Preferred Stock, $0.0001 par value per share of the registrant outstanding.

 

 

 

 

 

 

TABLE OF CONTENTS

 

PART I 4
     
ITEM 1 FINANCIAL STATEMENTS 4
     
ITEM 2 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 16
     
ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 22
     
ITEM 4 CONTROLS AND PROCEDURES 22
     
PART II 23
     
ITEM 1 LEGAL PROCEEDINGS 23
     
ITEM 1A RISK FACTORS 23
     
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 23
     
ITEM 3 DEFAULTS UPON SENIOR SECURITIES 23
     
ITEM 4 MINE SAFETY DISCLOSURE 23
     
ITEM 5 OTHER INFORMATION 23
     
ITEM 6 EXHIBITS 23

 

 2 

 

 

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

 

This Quarterly Report on Form 10-Q contains “forward-looking statements.” Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,” “estimate,” “intend,” “could,” “should,” “would,” “may,” “seek,” “plan,” “might,” “will,” “expect,” “anticipate,” “predict,” “project,” “forecast,” “potential,” “continue” negatives thereof or similar expressions. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future and are not guarantees. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievement to be materially different from the results of operations or plans expressed or implied by such forward-looking statements.

 

We cannot predict all of the risks and uncertainties. Accordingly, such information should not be regarded as representations that the results or conditions described in such statements or that our objectives and plans will be achieved and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. These forward-looking statements are found at various places throughout this Quarterly Report on Form 10-Q and include information concerning possible or assumed future results of our operations, including statements about future business and financial performance or conditions, anticipated sales growth across markets, distribution channels and product categories, competition from larger, more established companies with greater economic resources than we have, expenses and gross margins, profits or losses, new product introductions, financing and working capital requirements and resources, control by our principal equity holders and the other factors set forth under “Risk Factors” in our Annual Report on Form 10-K filed with the SEC on March 23, 2020.

 

These forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors. Many of those factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the Quarterly Report on Form 10-Q. All subsequent written and oral forward-looking statements concerning other matters addressed in this Quarterly Report on Form 10-Q and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this Quarterly Report on Form 10-Q.

 

Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

 

 3 

 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS.

 

Contents  
  Page
UNAUDITED CONDENSED FINANCIAL STATEMENTS:  
   
Condensed Balance Sheets as of June 30, 2020 and December 31, 2019 (Unaudited) 5
   
Condensed Statements of Operations for the three and six months ended June 30, 2020 and 2019 (Unaudited) 6
   
Condensed Statements of Stockholders’ Deficit for the three and six months ended June 30, 2020 and 2019 (Unaudited) 7
   
Condensed Statements of Cash Flows for the six months ended June 30, 2020 and 2019 (Unaudited) 8
   
Notes to the Unaudited Condensed Financial Statements 9

 

 4 

 

 

Webstar Technology Group, Inc.

Condensed Balance Sheets

(Unaudited)

 

   June 30,   December 31, 
   2020   2019 
ASSETS          
           
Current assets          
Cash  $1,069   $36,535 
Accounts receivable   -    1,398 
Prepaid expenses   -    1,125 
Total current assets   1,069    39,058 
Right- of -use assets   5,919    6,555 
Intangible asset-net of accumulated amortization of $11,200 and $10,400 at June 30, 2020 and December 31, 2019, respectively   5,600    6,400 
Total assets  $12,588   $52,013 
           
LIABILITIES AND STOCKHOLDERS’ DEFICIT          
           
Current liabilities          
Accounts payable  $15,838   $5,609 
Accrued salaries and related expenses   840,069    309,444 
Due to stockholder   446,824    583,084 
Lease liability   1,377    1,327 
Total current liabilities   1,304,108    899,464 
Lease liability – net of current portion   4,542    5,360 
Total liabilities   1,308,650    904,824 
           
Commitments and contingencies (Note 7)          
           
Stockholders’ deficit          
Preferred stock, $0.0001 par value; Authorized 1,000,000 shares; 1,000 designated Series A Preferred, 1,000 issued and outstanding as of June 30, 2020 and none as of December 31, 2019   -    - 
Common stock, $0.0001 par value; Authorized 300,000,000 shares, 139,300,000 and 114,300,000 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively   13,930    11,430 
Additional paid-in-capital   6,604,443    6,354,443 
Accumulated deficit   (7,914,435)   (7,218,684)
Total stockholders’ deficit   (1,296,062)   (852,811)
           
Total liabilities and stockholders’ deficit  $12,588   $52,013 

 

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

 

 5 

 

 

Webstar Technology Group, Inc.

Condensed Statements of Operations

(Unaudited)

 

   Three Months Ended June 30,   Six Months Ended June 30, 
   2020   2019   2020   2019 
Revenue  $898   $749   $2,596   $2,346 
Cost of sales   400    400    800    800 
Gross profit   498    349    1,796    1,546 
Operating expenses                    
Salaries and related expense   284,643    96,719    576,224    164,037 
Consulting fees   -    51,300    17,100    132,000 
General and administrative   27,402    130,369    101,723    274,014 
Total operating expenses   312,045    278,388    695,047    570,051 
                     
Interest expense   -    3,021    -    3,021 
Total expenses   312,045    281,409    695,047    573,072 
                     
Net loss before taxes   (311,547)   (281,060)   (693,251)   (571,526)
Income tax expense   -    -    -    - 
Net loss  $(311,547)  $(281,060)  $(693,251)  $(571,526)
                     
Net loss per share-basic and diluted  $(0.00)  $(0.00)  $(0.00)  $(0.00)
Weighted average shares outstanding-basic and diluted (i)   139,300,000    139,300,000    139,300,000    139,300,000 

 

(i) Adjusted to reflect a common stock dividend issued on April 21, 2020 (see note 6)

 

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

 

 6 

 

 

Webstar Technology Group, Inc.

Statements of Stockholders’ Deficit

For the Three and Six Months Ended June 30, 2020 and 2019

(Unaudited)

 

           Additional       Total 
   Preferred Stock   Common Stock   Paid-in-   Accumulated   Stockholders 
   Shares   Amount   Shares   Amount   Capital   Deficit   Deficit 
Balance at December 31, 2019   -   $-    114,300,000   $11,430   $6,354,443   $(7,218,684)  $(852,811)
Net loss   -    -    -    -    -    (381,704)   (381,704)
Balance at March 31, 2020   -    -    114,300,000    11,430    6,354,443    (7,600,388)   (1,234,515)
Net loss   -    -    -    -    -    (311,547)   (311,547)
Common stock dividend   -    -    25,000,000    2,500    -    (2,500)   - 
Preferred stock issued for repayment of amounts due to stockholder   1,000    -    -    -    250,000    -    250,000 
Balance at June 30, 2020   1,000   $-    139,300,000   $13,930   $6,604,443   $(7,914,435)  $(1,296,062)
                                    
Balance at December 31, 2018   -   $-    114,300,000   $11,430   $-   $(6,103,268)  $(6,091,838)
Net loss   -    -    -    -    -    (290,466)   (290,466)
Balance at March 31, 2019   -    -    114,300,000    11,430    -    (6,393,734)   (6,382,304)
Net loss   -    -    -    -    -    (281,060)   (281,060)
Cancellation of shares granted to related parties not issued   -    -    -    -    3,141,667    -    3,141,667 
Balance at June 30, 2019   -   $-    114,300,000   $11,430   $3,141,667   $(6,674,794)  $(3,521,697)

 

 

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

 

 7 

 

 

Webstar Technology Group, Inc.

Condensed Statements of Cash Flows

(Unaudited)

 

   For the Six Months Ended 
   June 30, 
   2020   2019 
Cash flows from operating activities          
Net loss  $(693,251)  $(571,526)
Adjustments to reconcile net loss to cash used in operating activities:          
Stock compensation expense   -    25,000 
Amortization expense   1,437    800 
Amortization – debt discount   -    15,000 
Non-cash lease expense   -    24,000 
Change in assets and liabilities          
Accounts receivable   1,398    657 
Prepaid expenses   1,125    - 
Accounts payable   10,229    36,619 
Accrued salaries and related expenses   530,625    296,037 
Lease liability   (768)   - 
Accrued consulting fees   -    8,500 
Accrued consulting-related party   -    120,000 
Accrued interest expense   -    3,021 
Accrued professional fees   -    (51,756)
Net cash used in operating activities   (149,205)   (93,648)
           
Cash flows from financing activities          
Proceeds from note payable   -    45,000 
Loan from stockholder   114,099    421,005 
Repayment of stockholder loan   (360)   (373,565)
Net cash provided by financing activities   113,739    92,440 
           
Net decrease in cash   (35,466)   (1,208)
Cash at the beginning of the period   36,535    5,241 
Cash at the end of the period  $1,069   $4,033 
           
Supplemental disclosure of cash flow information          
Cash paid for interest  $-   $- 
Cash paid for income taxes  $-   $- 
           
Schedule of non-Cash investing and financing activities          
Operating lease right-of-use and operating lease liabilities recorded upon the adoption of ASC 842  $-   $274,584 
Cancellation of common stock shares granted not issued  $-   $3,141,667 
Common stock dividend charged against retained earnings  $2,500   $- 
Repayment on due to stockholder with preferred stock issuance  $250,000   $- 

 

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

 

 8 

 

 

WEBSTAR TECHNOLOGY GROUP, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

 

NOTE 1 - DESCRIPTION OF BUSINESS

 

Webstar Technology Group, Inc. (the “Company”) was incorporated in Wyoming on March 10, 2015. The Company was established for the operation of certain licensed and purchased software solutions. Since inception, the Company signed two letters of intent with a related party to license proprietary software technology solutions, i.e., Gigabyte Slayer and WARP-G. The Company has been focused in large part on organizational activities and the development of its business plans to license the Gigabyte Slayer software application that is designed to deliver live video streams, video downloads and large data files more efficiently by using new proprietary data compression technology and to license the WARP-G software solution that is designed to enable enterprise customers that transmit live video streams, video downloads and large data files to push such data over existing pipelines at higher speeds in less time also by using new proprietary data compression technology. Further, the Company purchased the intellectual property rights for the Webstar eCampus virtual classroom access platform from a related party. The Company completed the license of Gigabyte Slayer and WARP-G software on April 21, 2020 and is now developing the marketing plan to sub-license the software.

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying unaudited condensed financial statements are prepared in accordance with Rule 8-01 of Regulation S-X of the Securities Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures included in these unaudited condensed financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with US GAAP and SEC regulations for interim financial statements. The results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that the Company will have for any subsequent period or for the calendar year ended December 31, 2020. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and the notes to those statements for the year ended December 31, 2019 which was filed with the SEC on March 23, 2020.

 

Liquidity, Going Concern and Uncertainties

 

These unaudited condensed financial statements have been prepared in conformity with US GAAP which contemplate continuation of the Company as a going concern. Commercial operations have not generated sufficient revenues to enable profitability. As of June 30, 2020, the Company had an accumulated deficit of $7,914,435 and has incurred a net loss of $693,251 for the six months ended June 30, 2020. Additionally, the Company had negative cash flows from operations of $149,205 for the six months ended June 30, 2020 and the Company’s working capital at June 30, 2020 was a negative $1,303,039. Based on the current business plans and the Company’s operating requirements, management believes that the existing cash at June 30, 2020 will not be sufficient to fund operations for at least the next twelve months following the issuance of these condensed financial statements. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

 

The Company’s continued operations will depend on its ability to raise additional capital through various potential sources, such as its initial public offering, future equity offerings and/or debt financings, strategic relationships, and to successfully execute its business plans. Management is actively pursuing financing, but can provide no assurances that such financing will be available on acceptable terms, or at all. Without this funding, the Company could be required to delay, scale back or eliminate some or all of its business plans which would likely have a material adverse effect on the Company.

 

 9 

 

 

The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

 

Generally, the Company’s operations are subject to a number of factors that can affect its operating results and financial condition. Such factors include, but are not limited to, the results of its marketing efforts to attract users for its software solutions, the successful launch and the acceptance of its software solutions in the marketplace, competition of its software solutions, attraction of talented and skilled employees to support the business and the ability to raise capital to support its operations.

 

The Impact of COVID-19 On Business Operations

 

In March 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. The Company is monitoring this closely, and although operations have not been materially affected by the COVID-19 outbreak to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and business is uncertain. Accordingly, while the Company does not anticipate an impact on its operations, the duration of the pandemic and potential impact on the business cannot be estimated. The spread of the coronavirus, which has caused a broad impact globally, including restrictions on travel and quarantine policies put into place by businesses and governments, may have a material economic effect on our business. While the potential economic impact brought on by and the duration of the pandemic may be difficult to assess or predict, it has already caused, and is likely to result in further, significant disruptions of global financial markets, which may reduce the Company’s future ability to access capital either at all or on favorable terms. In addition, a recession, depression or other sustained adverse market event resulting from the spread of the coronavirus could materially and adversely affect our business and the value of common stock. In addition, a severe or prolonged economic downturn could result in a variety of risks to the business, including a possible delay in implementing our business plan. At this time, the Company is unable to estimate the impact of this event on its operations.

 

Use of Estimates

 

The preparation of the unaudited condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Certain of our estimates could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Significant estimates made by management include the valuation of deferred tax assets and fair value of stock based compensation.

 

Fair Value of Financial Instruments and Fair Value Measurements

 

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, accrued expenses, and due to stockholder approximate their fair market value based on the short-term maturity of these instruments. The Company did not have any non-financial assets or liabilities that are measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019.

 

Cash

 

The Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less. There are no cash equivalents at June 30, 2020 or December 31, 2019.

 

 10 

 

 

Revenue Recognition

 

The Company recognizes revenue when control of the promised goods or services are transferred to its customers in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. For student fees, the Company generates student fee revenue by registering each student that participates in an on-line classroom utilizing our eCampus platform. This revenue is earned at the time the on-line class takes place and is accrued during the period whether or not actually billed. The student fees are billed to the college conducting the classes during the period the classes are conducted. There are no prepayments for student fees so there is no deferred revenue related to student fees. The annual fee charged to the college is billed in the first quarter of the year and the income is recognized over the entire year. The Company billed $995 in annual fees in January 2020 and recognized revenue of $249 and $498 of the annual fees during the three and six months ended June 30, 2020, respectively. Annual fees paid in advance of services performed are recorded as contract liabilities and included in accounts payable on the accompanying balance sheets. The Company recognized revenue of $898 and $2,596 from student and annual fees during the three and six months ended June 30, 2020, respectively, and $749 and $2,346 for the three and six months ended June 30, 2019, respectively.

 

Accounts Receivable

 

Accounts receivable are recorded as revenue is earned and billed during the period the on-line classes are conducted. The billings are due within 30 days of the billing date. If accounts receivable are not paid within 90 days of billing, an allowance for doubtful accounts will be established. Accounts receivable were $0 and $1,398 at June 30, 2020 and December 31, 2019, respectively. No provision for doubtful accounts was required at June 30, 2020 or December 31, 2019.

 

As of June 30, 2020 and December 31,2019, and for the three and six months ended June 30, 2020 and 2019, the Company had one customer, an educational institution, responsible for 100% of the Company’s accounts receivable and revenues.

 

Stock Based Compensation

 

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee, and director services received in exchange for an award based on the grant-date fair value of the award.

 

Net Loss per Common Share

 

The Company reports net loss per share in accordance with ASC Topic 260-10, “Earnings per Share.” Basic loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted loss per share is computed similarly to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There are no dilutive securities and, therefore, basic and diluted loss per share is the same.

 

Income Taxes

 

Deferred income tax assets and liabilities arise from temporary differences associated with differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the assets or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

 

The Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes” (ASC 740-10). Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a “more-likely-than-not” threshold. As of June 30, 2020 and December 31, 2019, the Company does not believe it has any uncertain tax positions that would require either recognition or disclosure in the accompanying unaudited condensed financial statements.

 

Leases

 

The Company accounts for leases under ASU 2016-02. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the consolidated balance sheets. The Company leases an office space and office equipment used to conduct our business. On January 1, 2019, the Company adopted ASU No. 2016-02, applying the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. For contracts entered into on or after the effective date, at the inception of a contract the Company assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. The Company allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed. We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less.

 

 11 

 

 

Operating lease ROU assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in general and administrative expenses in the unaudited condensed statements of operations.

 

Reclassifications

 

Certain reclassification of prior period amounts have been made to conform to the 2020 presentation. These reclassifications had no effect on net loss or loss per share previously reported.

 

NOTE 3 – STOCK COMPENSATION

 

During the three months ended March 31, 2019, the Company awarded 25,000 shares of the Company’s common stock to an entity who provided services to the Company. The Company determined the fair value of the common stock to be $1.00 per share based on the share price of an anticipated offering of its common stock and recorded stock based compensation in general and administrative expenses of $0 for the three month periods ended June 30, 2020 and 2019, and $0 and $25,000 for the six months ended June 30, 2020 and 2019, respectively, in the unaudited condensed statements of operations. The shares have not been issued. As of the date of the filing this report, all shares previously granted to employees, officers, directors, and service providers, including the 25,000 shares mentioned above, were canceled by action of the Board of Directors on November 22, 2019, effective June 30, 2019 which resulted in a decrease to the Company’s accrued stock compensation with an offsetting adjustment to additional paid-in-capital as of June 30, 2019. As of June 30, 2020 and December 31, 2019, the Company had no accrued stock compensation.

 

NOTE 4 – RELATED PARTY TRANSACTIONS

 

Mr. James Owens, the founder and controlling stockholder of the Company, who was appointed as Chairman of the Company’s Board of Directors and the Company’s Chief Technology Officer on July 3, 2019, advances the Company money as needed for working capital needs. During the three and six months ended June 30, 2020, Mr. Owens loaned the Company $53,390 and $114,099, respectively. The Company repaid Mr. Owens $0 and $360 during the three and six months ended June 30, 2020, respectively. On April 2, 2020, the Company issued James Owens 1,000 shares of its Series A Preferred Stock at a price of $250 per share pursuant to the subscription agreement. The estimated fair value of the Series A Preferred Stock was determined to be less than the $250,000 liability owed to Mr. Owns. Therefore, the total agreed upon price of $250,000 was recorded as a reduction to the due to stockholder account and an increase to additional paid-in capital due to the related party nature of the transaction (see Note 6 below).

 

The unaudited condensed financial statements reflect a “Due to stockholder” liability which was $446,824 and $583,084 at June 30, 2020 and December 31, 2019, respectively, representing advances that remain due to Mr. Owens. The loans from Mr. Owens are pursuant to an oral agreement, are non-interest bearing and payable upon demand by Mr. Owens.

 

On June 4, 2020, James Owens contributed 39,281,715 shares of common stock of Webstar Technology Group, Inc., owned by Mr. Owens, to Webstar Networks Corporation, a corporation controlled by Mr. Owens. On July 31, 2020, Webstar Networks Corporation distributed all of its holdings in Webstar Technology Group, Inc. common stock, 60,000,000 shares, to the stockholders of Webstar Networks Corporation in a liquidating distribution. This distribution increased the number of stockholders in Webstar Technology Group, Inc. by 277 stockholders. None of the additional stockholders now hold 5% or more of the Company’s common stock.

 

On February 21, 2020, effective January 1, 2020, the Company entered into executive employment agreements with Don D. Roberts as its President and Chief Executive Officer, Harold E. Hutchins as its Chief Financial Officer, and James Owens as its Chief Technology Officer. The details of these agreements are found in Note 8 below (Commitments). The agreements contain salaries of $350,000 and auto allowances of $12,000 per year for each of the executives. As of June 30, 2020, the accrued salaries resulting from these employment agreements were $483,000 and the accrued auto allowances were $14,400 which have been included in accrued salaries and related expenses on the unaudited condensed balance sheets. As of June 30, 2020, payroll taxes in the amount of $33,225 have also been accrued related to these employment agreements. There were no accruals for these agreements in 2019. However, as of December 31, 2019, $309,444 was accrued for an employment agreement dating back to 2016.

 

The salaries and related expenses related to these agreements for the three and six months ended June 30, 2020 were $284,643 and $576,244, respectively, and $0 for the three and six months ended June 30, 2019 and are included on the accompanying unaudited condensed statements of operations. During the three and six months ended June 30, 2020, Mr. Hutchins was paid $21,000 and $42,000, respectively, in consulting fees and $1,800 and $3,600, respectively, in auto allowances. The amounts paid to Mr. Hutchins were offset against his employment agreement amounts and therefore not accrued.

 

 12 

 

 

NOTE 5 – LEASES

 

As of June 30, 2020, the Company has one lease for a copier that meets the provisions of ASU 2016-02 which requires the recognition of a right-of-use asset representing the right to use the underlying leased asset for the lease term with an offsetting lease liability. Operating lease expense is recognized on a straight-line basis over the lease term. During the three and six months ended June 30, 2020, the Company recorded $423 and $877, respectively, and $146 for the three and six months ended June 30, 2019, respectively, as operating lease expense which is included in general and administrative expenses on the unaudited condensed statements of operations. As of June 30, 2020 and December 31, 2019, the unamortized right-of-use assets resulting from the lease was $5,919 and $6,555, respectively, and the lease liabilities were $6,036 and 6,687, respectively.

 

The Company entered into an operating lease for a copy machine with a commencement date of June 10, 2019. The term of the lease is 60 months with no extension or buy-out provision at lease end. The monthly lease payments are $149. The Company utilized an incremental borrowing base of 7.5% to determine the present value of the lease liability associated with this copier lease.

 

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under the noncancelable copier operating lease to the total operating lease liabilities recognized on the unaudited condensed balance sheets as of June 30, 2020:

 

      Undiscounted 
      Lease 
   Year  Payments 
Copier Lease  2020 (remainder of year)  $899 
   2021   1,783 
   2022   1,783 
   2023   1,783 
   2024   743 
   Total   6,991 
   Less: present value discount   (955)
   Total operating lease liabilities  $6,036 

 

NOTE 6 - EQUITY

 

Series A Preferred Stock

 

On March 16, 2020, the Company amended its Articles of Incorporation as filed with the Secretary of State of Wyoming to designate as set forth in the Certificate of Designations (the “Certificate”) the Series A Preferred Stock as a series of preferred stock of the Company. 1,000 shares of Series A Preferred Stock are authorized in the Certificate. The Series A Preferred Stock has voting rights equivalent to three times the total voting power of the total common stock outstanding at any time. The Series A Preferred Stock has no transfer rights, no conversion rights, no dividends, and no liquidation preference. On April 2, 2020, the Company issued James Owens 1,000 shares of its Series A Preferred Stock at a price of $250 per share pursuant to the subscription agreement. The total price of $250,000 was recorded as a reduction to the due to stockholder account and an increase to the additional paid-in capital due to the related party nature of the transaction (see Note 4).

 

Common Stock

 

On April 21, 2020, the Company’s Board of Directors rescinded a subscription agreement with James Owens for the purchase of 25,000,000 shares of the Company’s common stock at a total purchase price of $2,500, previously approved by the Board of Directors on December 14, 2019.

 

 13 

 

 

On April 21, 2020, the Company’s Board of Directors approved a common stock dividend to issue each holder of the Company’s common stock a common stock dividend of .218723 shares per share of the Company’s outstanding common stock.

 

On April 21, 2020, the Company issued 25,000,000 shares of its common stock to the Company’s common stockholders of record per the common stock dividend declaration. The table below shows all the Company’s stockholders of common stock and the number of shares held by each before and after the common stock dividend:

 

   12/31/19   % Owned   Dividend   Shares
After
   % Owned 
Common Stockholders Name  # Shares   Pre-Div   Shares   Dividend   After Div 
James Owens   97,000,000    84.86%   21,216,098    118,216,098    84.86%
Webstar Networks   17,000,000    14.87%   3,718,285    20,718,285    14.87%
Ashok Mohan   100,000    0.09%   21,872    121,872    0.09%
Michael Foster   75,000    0.07%   16,404    91,404    0.07%
Heather Anan   50,000    0.04%   10,936    60,936    0.04%
John England   75,000    0.07%   16,404    91,404    0.07%
Total   114,300,000    100.00%   25,000,000    139,300,000    100.00%

 

Initial Public Offering

 

On April 24, 2020, the Company filed a Post Effective Amendment to its original Form S-1 Registration Statement. The Securities and Exchange Commission deemed the Post Effective Amendment effective on May 1, 2020. Under the amended Registration Statement, the Company is offering for sale to the public a minimum of 300,000 shares and a maximum of 600,000 shares of the Company’s authorized common stock, par value $0.0001 per share, for a fixed purchase price of $0.10 per share.

 

NOTE 7 – LICENSING AGREEMENT

 

On April 21, 2020, the Company entered into the License Agreement with Soft Tech to exclusively license, market and distribute Soft Tech’s Gigabyte Slayer and WARP-G software (the “Licensed Technology”) and further develop and commercialize these softwares throughout the world. James Owens, the controlling stockholder of the Company, owns Soft Tech. Pursuant to the terms of the License Agreement, the Company agreed to pay a contingent licensing fee of $650,000 for each of the two components of Soft Tech’s technology, for a total of $1,300,000 for the Licensed Technology. The contingent licensing fee becomes due and payable only upon the earlier of: (i) the closing of an aggregate of $20 million in net capital offering of the Company’s stock or (ii) when the Company’s cumulative net sales from the Licensed Technology reaches $20 million. Further, the Company has agreed to pay a royalty rate of 7% based on the net sales of the Licensed Software. The term of the license agreement is five years with one automatic renewal period. However, the royalty will continue as long as the Company is selling the Licensed Technology.

 

NOTE 8 - COMMITMENTS

 

Commitments

 

Executive Employment Agreements

 

James Owens. On February 21, 2020, the Company’s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Owens to serve as its Chief Technology Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than ‘for cause’, the Company will pay to employee a one-time payment equal to one year’s salary, two years’ salary if due to a change of control. Additionally, the agreement provides that Mr. Owens’ compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company’s board of directors and made available to our officers and directors.

 

 14 

 

 

Don D. Roberts. Prior to February 21, 2020, the Company did not have any written employment agreement or other formal compensation agreement with Mr. Roberts. On February 21, 2020, the Company’s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Roberts to serve as its Chief Executive Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than ‘for cause’, the Company will pay to employee a one-time payment equal to one year’s salary, two years’ salary if due to a change of control. Additionally, the agreement provides that Mr. Roberts’ compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company’s board of directors and made available to our officers and directors.

 

Harold E. Hutchins. Prior to February 21, 2020, the Company did not have any written employment agreement or other formal compensation agreement with Mr. Hutchins. On February 21, 2020, the Company’s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Hutchins to serve as its Chief Financial Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than ‘for cause’, the Company will pay to employee a one-time payment equal to one year’s salary, two years’ salary if due to a change of control. Additionally, the agreement provides that Mr. Hutchins’ compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company’s board of directors and made available to our officers and directors.

 

Refer to Note 4 for amounts related to these employment agreements accrued as of June 30, 2020.

 

NOTE 9 - SUBSEQUENT EVENTS

 

Subsequent Events

 

Mr. James Owens, the Chairman of the Board, Chief Technology Officer, founder, and controlling stockholder of the Company, loaned the Company $39,433 subsequent to June 30, 2020 through the date of this report.

 

 15 

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

 

The following discussion of our financial condition and results of operations should be read in conjunction with the unaudited condensed financial statements and the notes to those financial statements that are included elsewhere in this report and in conjunction with the audited financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2019 filed with the SEC on March 23, 2020. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those set forth under the Risk Factors, Cautionary Statement Regarding Forward-Looking Statements and Business sections in the audited financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2019.

 

Background and Overview

 

Webstar Technology Group, Inc. (the “Company”) was incorporated in Wyoming on March 10, 2015. The Company was established for the operation of certain licensed and purchased software solutions. Since inception, the Company signed two letters of intent with a related party to license proprietary software technology solutions, i.e., Gigabyte Slayer and WARP-G. The Company has been focused in large part on organizational activities and the development of its business plans to license the Gigabyte Slayer software application that is designed to deliver live video streams, video downloads and large data files more efficiently by using new proprietary data compression technology and to license the WARP-G software solution that is designed to enable enterprise customers that transmit live video streams, video downloads and large data files to push such data over existing pipelines at higher speeds in less time also by using new proprietary data compression technology. Further, the Company purchased the intellectual property rights for the Webstar eCampus virtual classroom access platform from a related party. The Company completed the license of Gigabyte Slayer and WARP-G software on April 21, 2020 and is now developing the marketing plan to sub-license the software.

 

COVID-19

 

In March 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. We are monitoring the impact of the COVID-19 pandemic on all aspects of our business, and although operations have not been materially affected by the COVID-19 outbreak to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and our business is uncertain.  Accordingly, while we do not anticipate an impact on our operations, we cannot estimate the duration of the pandemic and potential impact on our business. In addition, a severe or prolonged economic downturn could result in a variety of risks to our business, including a possible delay in implementing our business plan. At this time, the Company is unable to estimate the impact of this event on its operations.

 

Recent Developments

 

Series A Preferred Stock

 

On March 16, 2020, the Company amended its Articles of Incorporation as filed with the Secretary of State of the State of Wyoming to designate as set forth in the Certificate of Designations (the “Certificate”) the Series A Preferred Stock as a series of preferred stock of the Company. 1,000 shares of Series A Preferred Stock are authorized in the Certificate. The Series A Preferred Stock has voting rights equivalent to three times the total voting power of the total common stock outstanding at any time. The Series A Preferred Stock has no transfer rights, no conversion rights, no dividends, and no liquidation preference.

 

The Company entered into a subscription agreement (the “Preferred Subscription Agreement”) pursuant to which the Company agreed to issue to James Owens, the Company’s Chairman of the Board, Chief Technology Officer, founder, and controlling shareholder one thousand (1,000) shares of the Series A Preferred Stock, at an agreed upon price of $250,000 which was recorded as a reduction to the due to stockholder account and an increase to the additional paid-in capital due to the related party nature of the transaction.

 

 16 

 

 

On April 2, 2020, the Company sold and issued James Owens 1,000 of the Series A Preferred Stock for a total price of $250,000 per the Preferred Subscription Agreement. The total price of $250,000 was recorded as a reduction to the due to stockholder account which represents amounts owed to Mr. Owens by the Company.

 

Common Stock

 

On April 24, 2020, the Company filed a Post-Effective Amendment to its original Form S-1 Registration Statement. The Securities and Exchange Commission deemed the Post-Effective Amendment effective on May 1, 2020. Under the amended Registration Statement, the Company is offering for sale to the public a minimum of 300,000 shares and a maximum of 600,000 shares of the Company’s authorized common stock, par value $0.0001 per share, for a fixed purchase price of $0.10 per share.

 

On June 4, 2020, James Owens contributed 39,281,715 shares of common stock of Webstar Technology Group, Inc., owned by Mr. Owens, to Webstar Networks Corporation, a corporation controlled by Mr. Owens. On July 31, 2020, Webstar Networks Corporation distributed all of its holdings in Webstar Technology Group, Inc. common stock, 60,000,000 shares, to the stockholders of Webstar Networks Corporation in a liquidating distribution. This distribution increased the number of stockholders in Webstar Technology Group, Inc. by 277 stockholders. None of the additional stockholders now hold 5% or more of the Company’s common stock.

 

Stock Dividends

 

On April 20, 2020, the Company’s Board of Directors declared a common stock dividend of .218723 shares of common stock per share of the Company’s current outstanding common stock.

 

On April 21, 2020, the Company issued 25,000,000 shares of its common stock to the Company’s common stockholders of record per the common stock dividend declaration.

 

 17 

 

 

Agreements

 

Software Licenses

 

On April 21, 2020, the Company entered into the License Agreement with Soft Tech to exclusively license, market and distribute Soft Tech’s Gigabyte Slayer and WARP-G software (the “Licensed Technology”) and further develop and commercialize these softwares throughout the world. James Owens, the controlling stockholder of the Company, owns Soft Tech. Pursuant to the terms of the License Agreement, the Company agreed to pay a contingent licensing fee of $650,000 for each of the two components of Soft Tech’s technology, for a total of $1,300,000 for the Licensed Technology. The contingent licensing fee becomes due and payable only upon the earlier of: (i) the closing of an aggregate of $20 million in net capital offering of the Company’s stock or (ii) when the Company’s cumulative net sales from the Licensed Technology reaches $20 million. Further, the Company has agreed to pay a royalty rate of 7% based on the net sales of the Licensed Software. The term of the license agreement is five years with one automatic renewal period. However, the royalty will continue as long as the Company is selling the Licensed Technology.

 

Plan of Operations

 

Gigabyte Slayer Software

 

Gigabyte Slayer is a distinct mobile application created to enable users to transmit more data over existing data streams to optimize data usage across mobile devices including smartphones and tablets. The application is designed to eliminate video streaming delays and reduce customers’ data plan bandwidth usage from any 3G or 4G LTE cell phone network provider. The application is designed to deliver live video streams, video downloads and large data files more efficiently by using new proprietary data compression technology. This technology significantly reduces the data package size and enhances the data traffic control between cell phone provider data downloads and uploads to customers’ mobile devices.

 

Web browsers perform various levels of caching data, the practice of storing data in and retrieving data from a memory device. Unfortunately, many use unsophisticated cache control capabilities. In comparison, Gigabyte Slayer data compression is capable of optimizing the high bandwidth downloads and returns the data to users’ mobile devices. This process is expected to dramatically reduce the data bandwidth needed when watching online videos, playing online games, or simply downloading large data files. The service is targeted to enter the mobile device market by offering application downloads with a monthly service fee. A smartphone and tablet user utilizing the Gigabyte Slayer application is expected to be able to decrease their data usage on their current data plan, at no additional cost, from their cell phone provider. Further, Gigabyte Slayer is designed to eliminate downloads “buffering” currently experienced by many current applications.

 

WARP-G Software

 

WARP-G is a business to business software solution that companies can use on an enterprise wide basis to transmit more data over existing data streams to optimize their data usage. The software is designed to enable enterprise users to deliver faster data streams, experience shorter download/upload times and increase the volume and speed of the data. The software is designed to create less congestion and increase the speed of packets being delivered more efficiently by using new proprietary data compression technology. This technology is expected to allow the enterprise users to push more data through existing pipelines meeting increasing consumer video demands and other large files.

 

 18 

 

 

Webstar eCampus

 

Webstar eCampus is an affordable, virtual online education and e-learning technology that allows the possibility of almost any organization to offer educational services online. We plan to enhance the Webstar eCampus virtual classroom access platform by incorporating the Gigabyte Slayer data technology which is designed to securely deliver all content at greater efficiency and significantly increase storage capabilities. This enhancement is expected to enable universities and other educational institutions to increase student participation and convenience with an enhanced experience for the students. Students will no longer experience delays in data transmission or “buffering” that is experienced by other online e-learning solutions. Webstar eCampus makes it possible for educators to offer their students visual online access to classroom activities from anywhere in the world. Remote students who use the service will be able to virtually access their classroom via the internet using their web enabled Smartphone, device or computer. The Webstar eCampus software is currently in beta testing and is in use by California College of Early Childhood Development (the “California College”) on a trial basis pursuant to an oral agreement. Under the terms of the oral agreement, the California College has agreed to pay us an annual license fee of $995 plus $195 per classroom per month, and $100 per student per month. Either party may terminate this use right at any time during its month-to-month term. Currently we are dependent on California College for our revenue as they are our only customer at this time.

 

Designed with customer and user simplicity in mind, there is no complex customer setup, expensive servers or software to buy or build. Webstar eCampus allows classes with increased scheduling flexibility in real time or after hours. It makes it possible and affordable for educators to offer students virtual on-demand classroom activities and to increase their student base and attendance around the world through increased availability and reduced cost of education per student, with enhanced delivery quality. Webstar eCampus offers virtual real-time e-library and e-bookstore capabilities as well as virtual auditorium and student body gathering venues. Ongoing reach of this technology will include the development and implementation of virtual online learning centers in third world countries as well as medical support services and disaster relief services connected to our innovative software and virtual capabilities. Moreover, Webstar eCampus encompasses Cloud learning with secured connection and is smartphone ready.

 

Results of Operations for the three and six months ended June 30, 2020 and 2019

 

The following comparative analysis on results of operations was based primarily on the comparative unaudited condensed financial statements, footnotes and related information for the periods identified below and should be read in conjunction with the financial statements and the notes to those statements that are included elsewhere in this report. The results discussed below are for the three and six months ended June 30, 2020 and 2019.

 

Revenue

 

Revenue was $898 and $749 for the three months ended June 30, 2020 and 2019, respectively, and $2,596 and $2,346 for the six months ended June 30, 2020 and 2019, respectively. The quarterly revenue has remained flat due to the Company primarily focusing on completion of its data compression technology. Gross profit was $498 and $349 for the three months ended June 30, 2020 and 2019, respectively, and $1,796 and $1,546 for the six months ended June 30, 2020 and 2019, respectively. The gross profit also remained flat as the cost of sales was constant.

 

Operating Expenses

 

Total operating expenses which are comprised of salaries and related expenses, consulting fees and general and administrative expenses were $312,045 and $278,388 for the three months ended June 30, 2020 and 2019, respectively, and $695,047 and $570,051 for the six months ended June 30, 2020 and 2019, respectively. The increases are primarily attributable to the increases in salaries and related expenses relative to the new employment agreements of the executive officers and increases in general and administrative expenses due to increased activity preparing for the testing and marketing of the Company’s technology and partially offset by decreases in consulting fees and stock compensation expense.

 

 19 

 

 

Net Loss

 

The net loss was $311,547 and $281,060 for the three months ended June 30, 2020 and 2019, respectively, and $693,251 and $571,526 for the six months ended June 30, 2020 and 2019, respectively. The increase in loss is primarily a result of the increase in salaries and related expenses and general and administrative expenses discussed above offset by decreases in consulting fees and stock compensation expenses.

 

Liquidity, Going Concern and Uncertainties

 

Liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. As of June 30, 2020, our working capital deficit amounted to $1,303,039, an increase of $442,633 as compared to working capital deficit of $860,406 as of December 31, 2019. This increase in working capital deficit is primarily a result of a decreases in cash, accounts receivable, prepaid expenses, and borrowings from our majority stockholder, and increases in accounts payable and accrued salaries and related expenses.

 

Net cash used in operating activities was $149,205 during the six months ended June 30, 2020 compared to $93,648 for the six months ended June 30, 2019. The change in cash from operating activities is primarily attributable to an increase in accrued salaries and related expenses due to the employment agreements executed January 1, 2020 and an increase in accounts payable.

 

Net cash provided by financing activities was $113,739 during the six months ended June 30, 2020 compared to $92,440 in the six months ended June 30, 2019. The increase in cash from financing activities was the result of advances received from our controlling stockholder.

 

The unaudited condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. To date, the Company’s commercial operations have not generated adequate revenues to enable profitability. Based on the current business plans and the Company’s operating requirements, management believes that the current cash balance will not be sufficient to fund operations for at least the next twelve months following the issuance of these financial statements. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

 

The Company’s continued operations will depend on its ability to raise additional capital through various potential sources, such as its planned initial public offering, other equity offerings and/or debt financings, strategic relationships, and to successfully execute its business plans. Management is actively pursuing financing, but can provide no assurances that such financing will be available on acceptable terms, or at all. Without this funding, the Company could be required to delay, scale back or eliminate some or all of its business plans which would likely have a material adverse effect on the Company.

 

The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

 

Generally, the Company’s operations are subject to a number of factors that can affect its operating result and financial condition. Such factors include, but are not limited to, the results of our marketing efforts to promote users for our software solutions, successful launch and acceptance of our software solutions in the marketplace, competition of our software solutions, attraction of talented and skilled employees to support the business and the ability to raise capital to support its operations.

 

Since our inception, we have been funded by loans from our controlling shareholder, James Owens. The loans from Mr. Owens are pursuant to an oral agreement, are non-interest bearing and payable upon demand by Mr. Owens. Mr. Owens has orally agreed not to demand repayment of his loans until such time as we have sufficient capital resources to repay such loans. We currently have no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources. There can be no assurance that additional capital will be available to us. Since we have no other such arrangements or plans currently in effect, our inability to raise funds for the above purposes that exceed our current working capital will have a severe negative impact on our ability to remain a viable company.

 

 20 

 

 

We have incurred significant losses since our inception on March 10, 2015. We had a net loss for the six month period ended June 30, 2020 of $693,251 and an accumulated deficit as of June 30, 2020 of $7,914,435. In the event we are unable to sell at least $30,000 of our common stock in a planned offering of our common stock and secure a line of credit from a related company, we will continue to operate the Webstar eCampus software virtual classroom access platform but delay, scale back or eliminate some or all of our additional business plans until we raise additional capital. There can be no assurance that the offering will commence as planned or that any funds can be raised thereunder. Since we have no agreement or arrangements for any future funding from Mr. Owens, we are unable to determine how long we will be able to operate our business. This raises substantial doubt about our ability to continue as a going concern.

 

Management’s plan is to obtain such resources for our capital needs by obtaining capital from management and significant shareholders sufficient to meet its operating expenses while seeking to raise capital from an offering of our common stock. However, management cannot provide any assurances that we will be successful in accomplishing any of our plans.

 

Our ability to continue as a going concern is dependent upon our ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if we were unable to continue as a going concern.

 

Critical Accounting Policies and Estimates

 

Our significant accounting policies are more fully described in the notes to our unaudited condensed financial statements included herein for the six month period ended June 30, 2020 and in the notes to our annual report 10-K which includes audited financial statements for the years ended December 31, 2019 and 2018. We believe that the accounting policies below are critical for one to fully understand and evaluate our financial condition and results of operations.

 

Use of Estimates

 

The preparation of the unaudited condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Certain of our estimates, including evaluating the collectability of accounts receivable, could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Significant estimates made by management include the valuation of deferred tax assets and fair value of stock based compensation.

 

Revenue Recognition

 

The Company recognizes revenue when control of the promised goods or services are transferred to our customers in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. For student fees, we generate student fee revenue by registering each student that participates in an on-line classroom utilizing our eCampus platform. This revenue is earned at the time the on-line class takes place and is accrued during the period whether or not actually billed. The student fees are billed to the college conducting the classes during the period the classes are conducted. There are no prepayments for student fees so there is no deferred revenue related to student fees. The annual fee charged to the college is billed in the first quarter of the year and the income is recognized over the entire year. The Company billed $995 in annual fees in January 2020 and recognized revenue of $249 and $498 of the annual fees during the three and six months ended June 30, 2020, respectively. Annual fees paid in advance of services performed are presented as contract liabilities. The Company recognized revenue of $898 and $749 from student and annual fees during the three months ended June 30, 2020 and 2019, respectively, and $2,596 and $2,346 during the six months ended June 30, 2020 and 2019, respectively.

 

 21 

 

 

Stock Compensation

 

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee, and director services received in exchange for an award based on the grant-date fair value of the award.

 

Leases

 

The Company accounts for leases under ASU 2016-02. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the consolidated balance sheets. The Company leased an office space in 2019 and continues to lease office equipment used to conduct our business. On January 1, 2019, the Company adopted ASU No. 2016-02, applying the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. For contracts entered into on or after the effective date, at the inception of a contract the Company assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. The Company allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed. We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less.

 

Operating lease ROU assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in general and administrative expenses in the unaudited condensed statements of operations. During the three months ended June 30, 2020 and 2019, the Company recorded $423 and $24,000, respectively, and $978 and $24,000 during the six months ended June 30, 2020 and 2019, respectively, as operating lease expense which is included in general and administrative expenses on the condensed statements of operations. As of June 30, 2020 and December 31, 2019, the unamortized right-of-use assets resulting from the lease was $5,919 and $6,555, respectively, and the lease liabilities were $6,036 and 6,687, respectively.

 

Reclassifications

 

Certain reclassification of prior period amounts have been made to conform to the 2020 presentation. These reclassifications had no effect on net loss or loss per share previously reported.

 

Off-Balance Sheet Arrangements

 

We have no off-balance sheet arrangements.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

As a “smaller reporting company,” we are not required to provide the information required by Item 3.

 

ITEM 4. CONTROLS AND PROCEDURES.

 

Evaluation of Disclosure Controls and Procedures

 

Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer (the Company’s principal executive officer and principal financial officer), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the quarter covered by this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and procedures were not effective to ensure that information required to be included in our periodic SEC filings is recorded, processed, summarized, and reported within the time periods specified in the SEC rules and forms, due to the material weaknesses identified in our annual report 10-K.

 

Changes in Internal Controls over financial reporting

 

There has been no change in our internal control over financial reporting occurred during the quarter ended June 30, 2020, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 22 

 

 

PART II – OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

We know of no existing or pending legal proceedings against us, nor are we involved as a plaintiff in any proceeding or pending litigation. There are no proceedings in which any of our directors, officers or any of their respective affiliates, or any beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

 

ITEM 1A. RISK FACTORS

 

There have been no material changes from the risk factors disclosed in Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on March 23, 2020.

 

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

 

None.

 

ITEM 3. Defaults Upon Senior Securities.

 

None.

 

ITEM 4. Mine Safety Disclosures.

 

Not applicable.

 

ITEM 5. Other Information.

 

None.

 

ITEM 6. EXHIBITS.

 

EXHIBIT INDEX

 

Exhibit

Number

  Description
     
10.1   Exclusive Technology Marketing and License Agreement dated April 21, 2020 by and between the Company and Soft Tech Development Corp. (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on April 21, 2020).
     
31.1*   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
     
31.2*   Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
     
32.1*   Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
     
101.INS*   XBRL Instance Document
     
101.SCH*   XBRL Taxonomy Extension Schema Document
     
101.CAL*   XBRL Taxonomy Extension Calculation Linkbase Document
     
101.LAB*   XBRL Taxonomy Extension Label Linkbase Document
     
101.PRE*   XBRL Taxonomy Extension Presentation Linkbase Document
     
101.DEF*   XBRL Taxonomy Extension Definition Linkbase Document

 

* Filed herewith.

 

 23 

 

 

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.

 

  Webstar Technology Group, Inc.
     
Dated: August 13, 2020 By: /s/ Don D. Roberts
    Don D. Roberts
    Chief Executive Officer
    (principal executive officer)
     
Dated: August 13, 2020 By: /s/ Harold E. Hutchins
    Harold E. Hutchins
    Chief Financial Officer
    (principal financial and accounting officer)

 

 24 

 

EX-31.1 2 ex31-1.htm

 

Exhibit 31.1

 

CERTIFICATION

 

I, Donald Roberts, Chief Executive Officer of Webstar Technology Group, Inc. (the “registrant”), certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of the registrant for the quarterly period ended June 30, 2020;
   
2. Based on my knowledge, this 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 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. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control 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 our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our 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 our 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; and
     
  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 (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our 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 functions):

 

  a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: August 13, 2020

 

/s/ Don D. Roberts  
Don D. Roberts  
Chief Executive Officer  
(principal executive officer)  

 

 

 

 

EX-31.2 3 ex31-2.htm

 

Exhibit 31.2

 

CERTIFICATION

 

I, Harold E. Hutchins Chief Financial Officer of Webstar Technology Group, Inc. (the “registrant”), certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of the registrant for the quarterly period ended June 30, 2020;
   
2. Based on my knowledge, this 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 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. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control 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 our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our 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 our 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; and
     
  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 (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our 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 functions):

 

  a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: August 13, 2020

 

/s/ Harold E. Hutchins  
Harold E. Hutchins  
Chief Financial Officer  
(principal financial and accounting officer)  

 

 

 

EX-32.1 4 ex32-1.htm

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

Each of the undersigned hereby certifies, in his capacity as an officer of Webstar Technology Group, Inc. (the “Company”), for the purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of his knowledge:

 

(1) The Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2020 (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.

 

Dated: August 13, 2020

 

/s/ Don D. Roberts  
Don D. Roberts  
Chief Executive Officer  
(principal executive officer)  
   
/s/ Harold E. Hutchins  
Harold E. Hutchins  
Chief Financial Officer  
(principal financial and accounting officer)  

 

 

 

EX-101.INS 5 wbst-20200630.xml XBRL INSTANCE FILE 0001645155 2020-06-30 0001645155 us-gaap:PreferredStockMember 2018-12-31 0001645155 us-gaap:CommonStockMember 2018-12-31 0001645155 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001645155 us-gaap:RetainedEarningsMember 2018-12-31 0001645155 2020-01-01 2020-06-30 0001645155 2019-12-31 0001645155 us-gaap:PreferredStockMember 2019-12-31 0001645155 us-gaap:CommonStockMember 2019-12-31 0001645155 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001645155 us-gaap:RetainedEarningsMember 2019-12-31 0001645155 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember WBST:OneCustomerMember 2020-01-01 2020-06-30 0001645155 WBST:MrJamesOwensMember 2019-12-31 0001645155 2019-01-01 2019-06-30 0001645155 WBST:CopierLeaseMember 2019-06-10 0001645155 WBST:CopierLeaseMember 2019-06-09 2019-06-10 0001645155 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember WBST:OneCustomerMember 2020-01-01 2020-06-30 0001645155 us-gaap:PreferredStockMember 2019-04-01 2019-06-30 0001645155 us-gaap:PreferredStockMember 2019-06-30 0001645155 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001645155 us-gaap:CommonStockMember 2019-06-30 0001645155 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001645155 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001645155 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001645155 us-gaap:RetainedEarningsMember 2019-06-30 0001645155 2019-04-01 2019-06-30 0001645155 2019-03-31 0001645155 2019-06-30 0001645155 us-gaap:PreferredStockMember 2020-06-30 0001645155 us-gaap:CommonStockMember 2020-06-30 0001645155 us-gaap:AdditionalPaidInCapitalMember 2020-06-30 0001645155 us-gaap:RetainedEarningsMember 2020-06-30 0001645155 2018-12-31 0001645155 WBST:MrJamesOwensMember 2020-06-30 0001645155 WBST:MrJamesOwensMember 2020-01-01 2020-06-30 0001645155 WBST:DonDRobertsMember 2020-02-21 0001645155 WBST:HaroldEHutchinsMember 2020-02-21 0001645155 WBST:ExecutiveEmploymentAgreementsMember 2020-06-30 0001645155 WBST:ExecutiveEmploymentAgreementsMember 2019-12-31 0001645155 WBST:ExecutiveEmploymentAgreementsMember 2020-01-01 2020-06-30 0001645155 WBST:ExecutiveEmploymentAgreementsMember 2019-01-01 2019-06-30 0001645155 us-gaap:GeneralAndAdministrativeExpenseMember 2020-01-01 2020-06-30 0001645155 us-gaap:GeneralAndAdministrativeExpenseMember 2019-01-01 2019-06-30 0001645155 WBST:CopierLeaseMember 2020-06-30 0001645155 WBST:ExecutiveEmploymentAgreementsMember WBST:MrJamesOwensMember 2020-02-20 2020-02-21 0001645155 WBST:ExecutiveEmploymentAgreementsMember WBST:DonDRobertsMember 2020-02-20 2020-02-21 0001645155 WBST:ExecutiveEmploymentAgreementsMember WBST:HaroldEHutchinsMember 2020-02-20 2020-02-21 0001645155 WBST:MrJamesOwensMember WBST:SubscriptionAgreementMember us-gaap:SeriesAPreferredStockMember 2020-04-02 0001645155 WBST:MrJamesOwensMember WBST:SubscriptionAgreementMember us-gaap:SeriesAPreferredStockMember 2020-04-01 2020-04-02 0001645155 WBST:SubscriptionAgreementMember WBST:BoardOfDirectorsMember 2020-04-20 2020-04-21 0001645155 WBST:LicenseAgreementMember WBST:SoftTechsGigabyteSlayerMember 2020-04-20 2020-04-21 0001645155 WBST:LicenseAgreementMember WBST:WARPGSoftwareSolutionMember 2020-04-20 2020-04-21 0001645155 WBST:LicenseAgreementMember WBST:SoftTechsGigabyteSlayerAndWARPGSoftwareSolutionMember 2020-04-20 2020-04-21 0001645155 WBST:MrJamesOwensMember 2020-04-20 2020-04-21 0001645155 WBST:WebstarNetworksMember 2020-04-20 2020-04-21 0001645155 WBST:AshokMohanMember 2020-04-20 2020-04-21 0001645155 WBST:MichaelFosterMember 2020-04-20 2020-04-21 0001645155 WBST:HeatherAnanMember 2020-04-20 2020-04-21 0001645155 WBST:JohnEnglandMember 2020-04-20 2020-04-21 0001645155 2020-04-20 2020-04-21 0001645155 WBST:MrJamesOwensMember 2020-02-21 0001645155 WBST:HaroldEHutchinsMember 2020-01-01 2020-06-30 0001645155 WBST:MrJamesOwensMember 2020-04-21 0001645155 WBST:WebstarNetworksMember 2020-04-21 0001645155 WBST:AshokMohanMember 2020-04-21 0001645155 WBST:MichaelFosterMember 2020-04-21 0001645155 WBST:HeatherAnanMember 2020-04-21 0001645155 2020-04-21 0001645155 WBST:JohnEnglandMember 2020-04-21 0001645155 us-gaap:SeriesAPreferredStockMember 2020-06-30 0001645155 us-gaap:SeriesAPreferredStockMember 2019-12-31 0001645155 us-gaap:SeriesAPreferredStockMember 2020-03-16 0001645155 us-gaap:SeriesAPreferredStockMember 2020-03-15 2020-03-16 0001645155 2020-04-01 2020-06-30 0001645155 us-gaap:PreferredStockMember 2020-04-01 2020-06-30 0001645155 us-gaap:PreferredStockMember 2020-03-31 0001645155 us-gaap:PreferredStockMember 2019-03-31 0001645155 us-gaap:CommonStockMember 2020-04-01 2020-06-30 0001645155 us-gaap:CommonStockMember 2020-03-31 0001645155 us-gaap:CommonStockMember 2019-03-31 0001645155 us-gaap:AdditionalPaidInCapitalMember 2020-04-01 2020-06-30 0001645155 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001645155 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001645155 us-gaap:RetainedEarningsMember 2020-04-01 2020-06-30 0001645155 us-gaap:RetainedEarningsMember 2020-03-31 0001645155 us-gaap:RetainedEarningsMember 2019-03-31 0001645155 2020-03-31 0001645155 us-gaap:PreferredStockMember 2020-01-01 2020-03-31 0001645155 us-gaap:PreferredStockMember 2019-01-01 2019-03-31 0001645155 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001645155 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001645155 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001645155 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001645155 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001645155 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001645155 2020-01-01 2020-03-31 0001645155 2019-01-01 2019-03-31 0001645155 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember WBST:OneCustomerMember 2019-01-01 2019-06-30 0001645155 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember WBST:OneCustomerMember 2019-04-01 2019-06-30 0001645155 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember WBST:OneCustomerMember 2020-04-01 2020-06-30 0001645155 WBST:MrJamesOwensMember 2020-04-01 2020-06-30 0001645155 WBST:MrJamesOwensMember 2020-06-03 2020-06-04 0001645155 us-gaap:SubsequentEventMember WBST:WebstarNetworksCorporationMember 2020-07-30 2020-07-31 0001645155 WBST:ExecutiveEmploymentAgreementsMember 2019-04-01 2019-06-30 0001645155 WBST:ExecutiveEmploymentAgreementsMember 2020-04-01 2020-06-30 0001645155 WBST:HaroldEHutchinsMember 2020-04-01 2020-06-30 0001645155 us-gaap:GeneralAndAdministrativeExpenseMember 2020-04-01 2020-06-30 0001645155 us-gaap:GeneralAndAdministrativeExpenseMember 2019-04-01 2019-06-30 0001645155 srt:MinimumMember 2020-04-23 2020-04-24 0001645155 srt:MaximumMember 2020-04-23 2020-04-24 0001645155 2020-04-24 0001645155 us-gaap:SubsequentEventMember WBST:MrJamesOwensMember 2020-08-06 0001645155 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember WBST:OneCustomerMember 2019-01-01 2019-06-30 0001645155 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember WBST:OneCustomerMember 2019-04-01 2019-06-30 0001645155 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember WBST:OneCustomerMember 2020-04-01 2020-06-30 0001645155 2020-08-13 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure WBST:Days Webstar Technology Group Inc. 0001645155 10-Q 2020-06-30 false --12-31 true Non-accelerated Filer true Q2 2020 139300000 false 446824 250000 -7914435 -7218684 0.0001 0.0001 1000000 1000000 1000 1000 1000 1000 1000 300000000 300000000 139300000 114300000 139300000 114300000 800 800 400 400 1796 1546 349 498 576224 164037 96719 576244 0 284643 0 284643 101723 274014 130369 27402 695047 570051 278388 312045 -693251 -571526 -281060 -281060 -311547 -311547 -381704 -290466 -381704 -290466 -0.00 -0.00 -0.00 -0.00 139300000 139300000 139300000 139300000 1437 800 530625 296037 -51756 -149205 -93648 113739 92440 2596 2346 749 898 -35466 -1208 1069 36535 4033 5241 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Basis of Presentation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed financial statements are prepared in accordance with Rule 8-01 of Regulation S-X of the Securities Exchange Commission (&#8220;SEC&#8221;). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;US GAAP&#8221;) have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures included in these unaudited condensed financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with US GAAP and SEC regulations for interim financial statements. The results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that the Company will have for any subsequent period or for the calendar year ended December 31, 2020. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and the notes to those statements for the year ended December 31, 2019 which was filed with the SEC on March 23, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of the unaudited condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Certain of our estimates could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Significant estimates made by management include the valuation of deferred tax assets and fair value of stock based compensation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Fair Value of Financial Instruments and Fair Value Measurements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, accrued expenses, and due to stockholder approximate their fair market value based on the short-term maturity of these instruments. The Company did not have any non-financial assets or liabilities that are measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Cash</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less. There are no cash equivalents at June 30, 2020 or December 31, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Accounts Receivable</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable are recorded as revenue is earned and billed during the period the on-line classes are conducted. The billings are due within 30 days of the billing date. If accounts receivable are not paid within 90 days of billing, an allowance for doubtful accounts will be established. Accounts receivable were $0 and $1,398 at June 30, 2020 and December 31, 2019, respectively. No provision for doubtful accounts was required at June 30, 2020 or December 31, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2020 and December 31,2019, and for the three and six months ended June 30, 2020 and 2019, the Company had one customer, an educational institution, responsible for 100% of the Company&#8217;s accounts receivable and revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Net Loss per Common Share</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reports net loss per share in accordance with ASC Topic 260-10, &#8220;Earnings per Share.&#8221; Basic loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted loss per share is computed similarly to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There are no dilutive securities and, therefore, basic and diluted loss per share is the same.</p> 11200 10400 360 373565 360 0 114099 421005 -1398 -657 10229 36619 Yes Yes false 15000 0 995 24000 120000 8500 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Leases</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company accounts for leases under ASU 2016-02. Operating leases are included in operating lease right-of-use (&#8220;ROU&#8221;) assets and operating lease liabilities on the consolidated balance sheets. The Company leases an office space and office equipment used to conduct our business. On January 1, 2019, the Company adopted ASU No. 2016-02, applying the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. For contracts entered into on or after the effective date, at the inception of a contract the Company assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. The Company allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed. We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Operating lease ROU assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in general and administrative expenses in the unaudited condensed statements of operations.</p> 25000 146 146 423 877 5919 6555 6036 350000 350000 350000 P60M 149 1783 1783 743 114300000 114300000 114300000 1000 139300000 97000000 17000000 100000 75000 50000 114300000 75000 114300000 114300000 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under the noncancelable copier operating lease to the total operating lease liabilities recognized on the unaudited condensed balance sheets as of June 30, 2020:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Undiscounted</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Lease</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Year</font></td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Payments</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 20%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Copier Lease</font></td> <td style="width: 2%">&#160;</td> <td style="width: 59%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2020 (remainder of year)</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">899</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,783</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,783</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,783</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2024</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">743</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">6,991</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Less: present value discount</b></font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(955</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total operating lease liabilities</b></font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">6,036</font></td> <td>&#160;</td></tr> </table> -768 0.075 6991 955 -693251 -571526 -281060 -311547 -1125 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Stock Based Compensation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee, and director services received in exchange for an award based on the grant-date fair value of the award.</p> 25000 0 25000 0 0 1000 25000000 1000 39281715 60000000 250000 2500 250000 250000 350000 350000 483000 350000 0.0001 0.0001 17100 132000 51300 42000 21000 1000 1000 1000 20 20 20 The agreement further provides that if the termination is by the Company, other than 'for cause', the Company will pay to employee a one-time payment equal to one year's salary, two years' salary if due to a change of control. Additionally, the agreement provides that Mr. Owens' compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company's board of directors and made available to our officers and directors. The agreement further provides that if the termination is by the Company, other than 'for cause', the Company will pay to employee a one-time payment equal to one year's salary, two years' salary if due to a change of control. Additionally, the agreement provides that Mr. Roberts' compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company's board of directors and made available to our officers and directors. The agreement further provides that if the termination is by the Company, other than 'for cause', the Company will pay to employee a one-time payment equal to one year's salary, two years' salary if due to a change of control. Additionally, the agreement provides that Mr. Hutchins' compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company's board of directors and made available to our officers and directors. 1069 36535 1398 1125 1069 39058 5919 6555 5600 6400 12588 52013 15838 5609 840069 309444 1377 1327 1304108 899464 4542 5360 1308650 904824 13930 11430 6604443 6354443 12588 52013 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Reclassifications</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain reclassification of prior period amounts have been made to conform to the 2020 presentation. These reclassifications had no effect on net loss or loss per share previously reported.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below shows all the Company&#8217;s stockholders of common stock and the number of shares held by each before and after the common stock dividend:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>12/31/19</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>% Owned</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dividend</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Shares<br /> After</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>% Owned</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>Common Stockholders Name</b></font></td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b># Shares</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Pre-Div</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Shares</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dividend</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>After Div</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 35%"><font style="font: 10pt Times New Roman, Times, Serif">James Owens</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">97,000,000</font></td> <td style="width: 1%">&#160;</td> <td style="width: 2%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">84.86</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 9%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">21,216,098</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 9%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">118,216,098</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 9%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">84.86</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Webstar Networks</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">17,000,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">14.87</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,718,285</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">20,718,285</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">14.87</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Ashok Mohan</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.09</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">21,872</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">121,872</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.09</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Michael Foster</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">75,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.07</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">16,404</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">91,404</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.07</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Heather Anan</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">50,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.04</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10,936</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">60,936</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.04</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">John England</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">75,000</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.07</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">16,404</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">91,404</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.07</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">114,300,000</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100.00</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">25,000,000</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">139,300,000</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100.00</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> 498 249 1.00 12000 12000 14400 12000 899 .218723 650000 650000 1300000 20000000 0.07 0.8486 0.1487 0.0009 0.0007 0.0004 0.0007 1.0000 21216098 3718285 21872 16404 10936 16404 25000000 118216098 20718285 121872 91404 60936 91404 139300000 0.8486 0.1487 0.0009 0.0007 0.0004 0.0007 1.0000 -1303039 The Series A Preferred Stock has voting rights equivalent to three times the total voting power of the total common stock outstanding at any time. The Series A Preferred Stock has no transfer rights, no conversion rights, no dividends, and no liquidation preference. P5Y 3021 3021 695047 573072 281409 312045 3021 274584 3141667 2500 250000 0.05 33225 309444 250 300000 600000 0.0001 0.10 114099 53390 3600 1800 39433 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 1 - DESCRIPTION OF BUSINESS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Webstar Technology Group, Inc. (the &#8220;Company&#8221;) was incorporated in Wyoming on March 10, 2015. The Company was established for the operation of certain licensed and purchased software solutions. Since inception, the Company signed two letters of intent with a related party to license proprietary software technology solutions, i.e., Gigabyte Slayer and WARP-G. The Company has been focused in large part on organizational activities and the development of its business plans to license the Gigabyte Slayer software application that is designed to deliver live video streams, video downloads and large data files more efficiently by using new proprietary data compression technology and to license the WARP-G software solution that is designed to enable enterprise customers that transmit live video streams, video downloads and large data files to push such data over existing pipelines at higher speeds in less time also by using new proprietary data compression technology. Further, the Company purchased the intellectual property rights for the Webstar eCampus virtual classroom access platform from a related party. The Company completed the license of Gigabyte Slayer and WARP-G software on April 21, 2020 and is now developing the marketing plan to sub-license the software.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 3 &#8211; STOCK COMPENSATION</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended March 31, 2019, the Company awarded 25,000 shares of the Company&#8217;s common stock to an entity who provided services to the Company. The Company determined the fair value of the common stock to be $1.00 per share based on the share price of an anticipated offering of its common stock and recorded stock based compensation in general and administrative expenses of $0 for the three month periods ended June 30, 2020 and 2019, and $0 and $25,000 for the six months ended June 30, 2020 and 2019, respectively, in the unaudited condensed statements of operations. The shares have not been issued. As of the date of the filing this report, all shares previously granted to employees, officers, directors, and service providers, including the 25,000 shares mentioned above, were canceled by action of the Board of Directors on November 22, 2019, effective June 30, 2019 which resulted in a decrease to the Company&#8217;s accrued stock compensation with an offsetting adjustment to additional paid-in-capital as of June 30, 2019. As of June 30, 2020 and December 31, 2019, the Company had no accrued stock compensation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 5 &#8211; LEASES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2020, the Company has one lease for a copier that meets the provisions of ASU 2016-02 which requires the recognition of a right-of-use asset representing the right to use the underlying leased asset for the lease term with an offsetting lease liability. Operating lease expense is recognized on a straight-line basis over the lease term. During the three and six months ended June 30, 2020, the Company recorded $423 and $877, respectively, and $146 for the three and six months ended June 30, 2019, respectively, as operating lease expense which is included in general and administrative expenses on the unaudited condensed statements of operations. As of June 30, 2020 and December 31, 2019, the unamortized right-of-use assets resulting from the lease was $5,919 and $6,555, respectively, and the lease liabilities were $6,036 and 6,687, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The Company entered into an operating lease for a copy machine with a commencement date of June 10, 2019. The term of the lease is 60 months with no extension or buy-out provision at lease end. The monthly lease payments are $149. The Company utilized an incremental borrowing base of 7.5% to determine the present value of the lease liability associated with this copier lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under the noncancelable copier operating lease to the total operating lease liabilities recognized on the unaudited condensed balance sheets as of June 30, 2020:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Undiscounted</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Lease</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Year</font></td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Payments</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 20%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Copier Lease</font></td> <td style="width: 2%">&#160;</td> <td style="width: 60%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2020 (remainder of year)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">899</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,783</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,783</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,783</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2024</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">743</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">6,991</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Less: present value discount</b></font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(955</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">&#160;</td> <td>&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total operating lease liabilities</b></font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">6,036</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 6 - EQUITY</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Series A Preferred Stock</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 16, 2020, the Company amended its Articles of Incorporation as filed with the Secretary of State of Wyoming to designate as set forth in the Certificate of Designations (the &#8220;Certificate&#8221;) the Series A Preferred Stock as a series of preferred stock of the Company. 1,000 shares of Series A Preferred Stock are authorized in the Certificate. The Series A Preferred Stock has voting rights equivalent to three times the total voting power of the total common stock outstanding at any time. The Series A Preferred Stock has no transfer rights, no conversion rights, no dividends, and no liquidation preference. On April 2, 2020, the Company issued James Owens 1,000 shares of its Series A Preferred Stock at a price of $250 per share pursuant to the subscription agreement. The total price of $250,000 was recorded as a reduction to the due to stockholder account and an increase to the additional paid-in capital due to the related party nature of the transaction (see Note 4).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Common Stock</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 21, 2020, the Company&#8217;s Board of Directors rescinded a subscription agreement with James Owens for the purchase of 25,000,000 shares of the Company&#8217;s common stock at a total purchase price of $2,500, previously approved by the Board of Directors on December 14, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 21, 2020, the Company&#8217;s Board of Directors approved a common stock dividend to issue each holder of the Company&#8217;s common stock a common stock dividend of .218723 shares per share of the Company&#8217;s outstanding common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 21, 2020, the Company issued 25,000,000 shares of its common stock to the Company&#8217;s common stockholders of record per the common stock dividend declaration. The table below shows all the Company&#8217;s stockholders of common stock and the number of shares held by each before and after the common stock dividend:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>12/31/19</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>% Owned</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>Dividend</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>Shares<br /> After</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>% Owned</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Common Stockholders Name</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b># Shares</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Pre-Div</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Shares</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Dividend</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>After Div</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 35%"><font style="font-size: 10pt">James Owens</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font-size: 10pt">97,000,000</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font-size: 10pt">84.86</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font-size: 10pt">21,216,098</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font-size: 10pt">118,216,098</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font-size: 10pt">84.86</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Webstar Networks</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">17,000,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">14.87</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,718,285</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">20,718,285</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">14.87</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Ashok Mohan</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">100,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.09</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">21,872</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">121,872</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.09</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Michael Foster</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">75,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.07</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">16,404</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">91,404</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.07</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Heather Anan</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">50,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.04</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">10,936</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">60,936</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.04</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">John England</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">75,000</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">0.07</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">16,404</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">91,404</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">0.07</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt"><b>Total</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">114,300,000</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">100.00</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">25,000,000</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">139,300,000</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">100.00</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Initial Public Offering</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 24, 2020, the Company filed a Post Effective Amendment to its original Form S-1 Registration Statement. The Securities and Exchange Commission deemed the Post Effective Amendment effective on May 1, 2020. Under the amended Registration Statement, the Company is offering for sale to the public a minimum of 300,000 shares and a maximum of 600,000 shares of the Company&#8217;s authorized common stock, par value $0.0001 per share, for a fixed purchase price of $0.10 per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 7 &#8211; LICENSING AGREEMENT</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 21, 2020, the Company entered into the License Agreement with Soft Tech to exclusively license, market and distribute Soft Tech&#8217;s Gigabyte Slayer and WARP-G software (the &#8220;Licensed Technology&#8221;) and further develop and commercialize these softwares throughout the world. James Owens, the controlling stockholder of the Company, owns Soft Tech. Pursuant to the terms of the License Agreement, the Company agreed to pay a contingent licensing fee of $650,000 for each of the two components of Soft Tech&#8217;s technology, for a total of $1,300,000 for the Licensed Technology. The contingent licensing fee becomes due and payable only upon the earlier of: (i) the closing of an aggregate of $20 million in net capital offering of the Company&#8217;s stock or (ii) when the Company&#8217;s cumulative net sales from the Licensed Technology reaches $20 million. Further, the Company has agreed to pay a royalty rate of 7% based on the net sales of the Licensed Software. The term of the license agreement is five years with one automatic renewal period. However, the royalty will continue as long as the Company is selling the Licensed Technology.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 8 - COMMITMENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Commitments</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Executive Employment Agreements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>James Owens</b>. On February 21, 2020, the Company&#8217;s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Owens to serve as its Chief Technology Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than &#8216;for cause&#8217;, the Company will pay to employee a one-time payment equal to one year&#8217;s salary, two years&#8217; salary if due to a change of control. Additionally, the agreement provides that Mr. Owens&#8217; compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company&#8217;s board of directors and made available to our officers and directors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Don D. Roberts</b>. Prior to February 21, 2020, the Company did not have any written employment agreement or other formal compensation agreement with Mr. Roberts. On February 21, 2020, the Company&#8217;s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Roberts to serve as its Chief Executive Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than &#8216;for cause&#8217;, the Company will pay to employee a one-time payment equal to one year&#8217;s salary, two years&#8217; salary if due to a change of control. Additionally, the agreement provides that Mr. Roberts&#8217; compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company&#8217;s board of directors and made available to our officers and directors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Harold E. Hutchins</b>. Prior to February 21, 2020, the Company did not have any written employment agreement or other formal compensation agreement with Mr. Hutchins. On February 21, 2020, the Company&#8217;s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Hutchins to serve as its Chief Financial Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than &#8216;for cause&#8217;, the Company will pay to employee a one-time payment equal to one year&#8217;s salary, two years&#8217; salary if due to a change of control. Additionally, the agreement provides that Mr. Hutchins&#8217; compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company&#8217;s board of directors and made available to our officers and directors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Refer to Note 4 for amounts related to these employment agreements accrued as of June 30, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>The Impact of COVID-19 On Business Operations</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. The Company is monitoring this closely, and although operations have not been materially affected by the COVID-19 outbreak to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and business is uncertain. Accordingly, while the Company does not anticipate an impact on its operations, the duration of the pandemic and potential impact on the business cannot be estimated. The spread of the coronavirus, which has caused a broad impact globally, including restrictions on travel and quarantine policies put into place by businesses and governments, may have a material economic effect on our business. While the potential economic impact brought on by and the duration of the pandemic may be difficult to assess or predict, it has already caused, and is likely to result in further, significant disruptions of global financial markets, which may reduce the Company&#8217;s future ability to access capital either at all or on favorable terms. In addition, a recession, depression or other sustained adverse market event resulting from the spread of the coronavirus could materially and adversely affect our business and the value of common stock. In addition, a severe or prolonged economic downturn could result in a variety of risks to the business, including a possible delay in implementing our business plan. At this time, the Company is unable to estimate the impact of this event on its operations.</p> -1296062 11430 -6103268 -852811 11430 6354443 -7218684 11430 3141667 -6674794 -6382304 -3521697 13930 6604443 -7914435 -6091838 11430 11430 6354443 -7600388 -6393734 -1234515 3141667 3141667 2500 -2500 25000000 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Basis of Presentation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed financial statements are prepared in accordance with Rule 8-01 of Regulation S-X of the Securities Exchange Commission (&#8220;SEC&#8221;). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;US GAAP&#8221;) have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures included in these unaudited condensed financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with US GAAP and SEC regulations for interim financial statements. The results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that the Company will have for any subsequent period or for the calendar year ended December 31, 2020. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and the notes to those statements for the year ended December 31, 2019 which was filed with the SEC on March 23, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Liquidity, Going Concern and Uncertainties</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These unaudited condensed financial statements have been prepared in conformity with US GAAP which contemplate continuation of the Company as a going concern. Commercial operations have not generated sufficient revenues to enable profitability. As of June 30, 2020, the Company had an accumulated deficit of $7,914,435 and has incurred a net loss of $693,251 for the six months ended June 30, 2020. Additionally, the Company had negative cash flows from operations of $149,205 for the six months ended June 30, 2020 and the Company&#8217;s working capital at June 30, 2020 was a negative $1,303,039. Based on the current business plans and the Company&#8217;s operating requirements, management believes that the existing cash at June 30, 2020 will not be sufficient to fund operations for at least the next twelve months following the issuance of these condensed financial statements. These factors raise substantial doubt regarding the Company&#8217;s ability to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s continued operations will depend on its ability to raise additional capital through various potential sources, such as its initial public offering, future equity offerings and/or debt financings, strategic relationships, and to successfully execute its business plans. Management is actively pursuing financing, but can provide no assurances that such financing will be available on acceptable terms, or at all. Without this funding, the Company could be required to delay, scale back or eliminate some or all of its business plans which would likely have a material adverse effect on the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Generally, the Company&#8217;s operations are subject to a number of factors that can affect its operating results and financial condition. Such factors include, but are not limited to, the results of its marketing efforts to attract users for its software solutions, the successful launch and the acceptance of its software solutions in the marketplace, competition of its software solutions, attraction of talented and skilled employees to support the business and the ability to raise capital to support its operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>The Impact of COVID-19 On Business Operations</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. The Company is monitoring this closely, and although operations have not been materially affected by the COVID-19 outbreak to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and business is uncertain. Accordingly, while the Company does not anticipate an impact on its operations, the duration of the pandemic and potential impact on the business cannot be estimated. The spread of the coronavirus, which has caused a broad impact globally, including restrictions on travel and quarantine policies put into place by businesses and governments, may have a material economic effect on our business. While the potential economic impact brought on by and the duration of the pandemic may be difficult to assess or predict, it has already caused, and is likely to result in further, significant disruptions of global financial markets, which may reduce the Company&#8217;s future ability to access capital either at all or on favorable terms. In addition, a recession, depression or other sustained adverse market event resulting from the spread of the coronavirus could materially and adversely affect our business and the value of common stock. In addition, a severe or prolonged economic downturn could result in a variety of risks to the business, including a possible delay in implementing our business plan. At this time, the Company is unable to estimate the impact of this event on its operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of the unaudited condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Certain of our estimates could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Significant estimates made by management include the valuation of deferred tax assets and fair value of stock based compensation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Fair Value of Financial Instruments and Fair Value Measurements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, accrued expenses, and due to stockholder approximate their fair market value based on the short-term maturity of these instruments. The Company did not have any non-financial assets or liabilities that are measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Cash</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less. There are no cash equivalents at June 30, 2020 or December 31, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Revenue Recognition</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue when control of the promised goods or services are transferred to its customers in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. For student fees, the Company generates student fee revenue by registering each student that participates in an on-line classroom utilizing our eCampus platform. This revenue is earned at the time the on-line class takes place and is accrued during the period whether or not actually billed. The student fees are billed to the college conducting the classes during the period the classes are conducted. There are no prepayments for student fees so there is no deferred revenue related to student fees. The annual fee charged to the college is billed in the first quarter of the year and the income is recognized over the entire year. The Company billed $995 in annual fees in January 2020 and recognized revenue of $249 and $498 of the annual fees during the three and six months ended June 30, 2020, respectively. Annual fees paid in advance of services performed are recorded as contract liabilities and included in accounts payable on the accompanying balance sheets. The Company recognized revenue of $898 and $2,596 from student and annual fees during the three and six months ended June 30, 2020, respectively, and $749 and $2,346 for the three and six months ended June 30, 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Accounts Receivable</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable are recorded as revenue is earned and billed during the period the on-line classes are conducted. The billings are due within 30 days of the billing date. If accounts receivable are not paid within 90 days of billing, an allowance for doubtful accounts will be established. Accounts receivable were $0 and $1,398 at June 30, 2020 and December 31, 2019, respectively. No provision for doubtful accounts was required at June 30, 2020 or December 31, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2020 and December 31,2019, and for the three and six months ended June 30, 2020 and 2019, the Company had one customer, an educational institution, responsible for 100% of the Company&#8217;s accounts receivable and revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Stock Based Compensation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee, and director services received in exchange for an award based on the grant-date fair value of the award.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Net Loss per Common Share</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reports net loss per share in accordance with ASC Topic 260-10, &#8220;Earnings per Share.&#8221; Basic loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted loss per share is computed similarly to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There are no dilutive securities and, therefore, basic and diluted loss per share is the same.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Income Taxes</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferred income tax assets and liabilities arise from temporary differences associated with differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the assets or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows the provisions of FASB ASC 740-10 &#8220;Uncertainty in Income Taxes&#8221; (ASC 740-10). Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a &#8220;more-likely-than-not&#8221; threshold. As of June 30, 2020 and December 31, 2019, the Company does not believe it has any uncertain tax positions that would require either recognition or disclosure in the accompanying unaudited condensed financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Leases</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company accounts for leases under ASU 2016-02. Operating leases are included in operating lease right-of-use (&#8220;ROU&#8221;) assets and operating lease liabilities on the consolidated balance sheets. The Company leases an office space and office equipment used to conduct our business. On January 1, 2019, the Company adopted ASU No. 2016-02, applying the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. For contracts entered into on or after the effective date, at the inception of a contract the Company assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. The Company allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed. We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Operating lease ROU assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in general and administrative expenses in the unaudited condensed statements of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Reclassifications</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain reclassification of prior period amounts have been made to conform to the 2020 presentation. These reclassifications had no effect on net loss or loss per share previously reported.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 4 &#8211; RELATED PARTY TRANSACTIONS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. James Owens, the founder and controlling stockholder of the Company, who was appointed as Chairman of the Company&#8217;s Board of Directors and the Company&#8217;s Chief Technology Officer on July 3, 2019, advances the Company money as needed for working capital needs. During the three and six months ended June 30, 2020, Mr. Owens loaned the Company $53,390 and $114,099, respectively. The Company repaid Mr. Owens $0 and $360 during the three and six months ended June 30, 2020, respectively. On April 2, 2020, the Company issued James Owens 1,000 shares of its Series A Preferred Stock at a price of $250 per share pursuant to the subscription agreement. The estimated fair value of the Series A Preferred Stock was determined to be less than the $250,000 liability owed to Mr. Owns. Therefore, the total agreed upon price of $250,000 was recorded as a reduction to the due to stockholder account and an increase to additional paid-in capital due to the related party nature of the transaction (see Note 6 below).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed financial statements reflect a &#8220;Due to stockholder&#8221; liability which was $446,824 and $583,084 at June 30, 2020 and December 31, 2019, respectively, representing advances that remain due to Mr. Owens. The loans from Mr. Owens are pursuant to an oral agreement, are non-interest bearing and payable upon demand by Mr. Owens.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 4, 2020, James Owens contributed 39,281,715 shares of common stock of Webstar Technology Group, Inc., owned by Mr. Owens, to Webstar Networks Corporation, a corporation controlled by Mr. Owens. On July 31, 2020, Webstar Networks Corporation distributed all of its holdings in Webstar Technology Group, Inc. common stock, 60,000,000 shares, to the stockholders of Webstar Networks Corporation in a liquidating distribution. This distribution increased the number of stockholders in Webstar Technology Group, Inc. by 277 stockholders. None of the additional stockholders now hold 5% or more of the Company&#8217;s common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 21, 2020, effective January 1, 2020, the Company entered into executive employment agreements with Don D. Roberts as its President and Chief Executive Officer, Harold E. Hutchins as its Chief Financial Officer, and James Owens as its Chief Technology Officer. The details of these agreements are found in Note 8 below (Commitments). The agreements contain salaries of $350,000 and auto allowances of $12,000 per year for each of the executives. As of June 30, 2020, the accrued salaries resulting from these employment agreements were $483,000 and the accrued auto allowances were $14,400 which have been included in accrued salaries and related expenses on the unaudited condensed balance sheets. As of June 30, 2020, payroll taxes in the amount of $33,225 have also been accrued related to these employment agreements. There were no accruals for these agreements in 2019. However, as of December 31, 2019, $309,444 was accrued for an employment agreement dating back to 2016.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The salaries and related expenses related to these agreements for the three and six months ended June 30, 2020 were $284,643 and $576,244, respectively, and $0 for the three and six months ended June 30, 2019 and are included on the accompanying unaudited condensed statements of operations. During the three and six months ended June 30, 2020, Mr. Hutchins was paid $21,000 and $42,000, respectively, in consulting fees and $1,800 and $3,600, respectively, in auto allowances. The amounts paid to Mr. Hutchins were offset against his employment agreement amounts and therefore not accrued.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 9 - SUBSEQUENT EVENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Subsequent Events</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. James Owens, the Chairman of the Board, Chief Technology Officer, founder, and controlling stockholder of the Company, loaned the Company&#160;$39,433&#160;subsequent to June 30, 2020 through the date of this report.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Liquidity, Going Concern and Uncertainties</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These unaudited condensed financial statements have been prepared in conformity with US GAAP which contemplate continuation of the Company as a going concern. Commercial operations have not generated sufficient revenues to enable profitability. As of June 30, 2020, the Company had an accumulated deficit of $7,914,435 and has incurred&#160;a&#160;net loss of $693,251 for the six months ended June 30, 2020. Additionally, the Company had negative cash flows from operations of $149,205 for the six months ended June 30, 2020 and the Company&#8217;s working capital at June 30, 2020 was a negative $1,303,039. Based on the current business plans and the Company&#8217;s operating requirements, management believes that the existing cash at June 30, 2020 will not be sufficient to fund operations for at least the next twelve months following the issuance of these condensed financial statements. These factors raise substantial doubt regarding the Company&#8217;s ability to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s continued operations will depend on its ability to raise additional capital through various potential sources, such as its initial public offering, future equity offerings and/or debt financings, strategic relationships, and to successfully execute its business plans. Management is actively pursuing financing, but can provide no assurances that such financing will be available on acceptable terms, or at all. Without this funding, the Company could be required to delay, scale back or eliminate some or all of its business plans which would likely have a material adverse effect on the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Generally, the Company&#8217;s operations are subject to a number of factors that can affect its operating results and financial condition. Such factors include, but are not limited to, the results of its marketing efforts to attract users for its software solutions, the successful launch and the acceptance of its software solutions in the marketplace, competition of its software solutions, attraction of talented and skilled employees to support the business and the ability to raise capital to support its operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Revenue Recognition</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue when control of the promised goods or services are transferred to&#160;its&#160;customers in an amount that reflects the consideration&#160;it&#160;expects&#160;to be entitled to in exchange for those goods or services. For student fees, the Company generates student fee revenue by registering each student that participates in an on-line classroom utilizing our eCampus platform. This revenue is earned at the time the on-line class takes place and is accrued during the period whether or not actually billed. The student fees are billed to the college conducting the classes during the period the classes are conducted. There are no prepayments for student fees so there is no deferred revenue related to student fees. The annual fee charged to the college is billed in the first quarter of the year and the income is recognized over the entire year. The Company billed $995 in annual fees in January 2020 and recognized revenue of $249 and $498 of the annual fees during the three and six months ended June 30, 2020, respectively. Annual fees paid in advance of services performed are recorded as contract liabilities and included in accounts payable on the accompanying balance sheets. The Company recognized revenue of $898 and $2,596 from student and annual fees during the three and six months ended June 30, 2020, respectively, and $749 and $2,346 for the three and six months ended June 30, 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Income Taxes</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferred income tax assets and liabilities arise from temporary differences associated with differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the assets or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Taxes</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows the provisions of FASB ASC 740-10 &#8220;Uncertainty in Income Taxes&#8221; (ASC 740-10). Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a &#8220;more-likely-than-not&#8221; threshold. As of June 30, 2020 and December 31, 2019, the Company does not believe it has any uncertain tax positions that would require either recognition or disclosure in the accompanying unaudited condensed financial statements.</p> 1783 446824 583084 583084 446824 Adjusted to reflect a common stock dividend issued on April 21, 2020 (see note 6) EX-101.SCH 6 wbst-20200630.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Balance Sheets (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Statements of Stockholders' Deficit (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Description of Business link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Stock Compensation link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Leases link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Equity link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Licensing Agreement link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Commitments link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Leases (Tables) link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Stock Compensation (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Related Party Transactions (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Leases (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Leases - Schedule of Future Minimum Lease Payments (Details) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Equity - Schedule of Common Stockholders Dividend Declaration (Details) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Licensing Agreement (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Commitments (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 wbst-20200630_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 wbst-20200630_def.xml XBRL DEFINITION FILE EX-101.LAB 9 wbst-20200630_lab.xml XBRL LABEL FILE Equity Components [Axis] Preferred Stock [Member] Common Stock [Member] Additional Paid-in- Capital [Member] Accumulated Deficit [Member] Concentration Risk Type [Axis] Customer Concentration Risk [Member] Concentration Risk Benchmark [Axis] Revenues [Member] Customer [Axis] One Customer [Member] Title of Individual [Axis] Mr. James Owens [Member] Property, Plant and Equipment, Type [Axis] Copier Lease [Member] Accounts Receivable [Member] Don D. Roberts [Member] Harold E. Hutchins [Member] Collaborative Arrangement and Arrangement Other than Collaborative [Axis] Executive Employment Agreements [Member] Employment Agreements [Member] Income Statement Location [Axis] General And Administrative Expenses [Member] Subscription Agreement [Member] Class of Stock [Axis] Series A Preferred Stock [Member] Board of Directors [Member] License Agreement [Member] Related Party [Axis] Soft Tech's Gigabyte Slayer [Member] WARP-G Software Solution [Member] Soft Tech's Gigabyte Slayer and WARP-G Software Solution [Member] Webstar Networks [Member] Ashok Mohan [Member] Michael Foster [Member] Heather Anan [Member] John England [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Legal Entity [Axis] Webstar Networks Corporation [Member] Statistical Measurement [Axis] Minimum [Member] Maximum [Member] Cover [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Flag Entity Emerging Growth Company Entity Ex Transition Period Entity Shell Company Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current assets Cash Accounts receivable Prepaid expenses Total current assets Right- of -use assets Intangible asset-net of accumulated amortization of $11,200 and $10,400 at June 30, 2020 and December 31, 2019, respectively Total assets LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable Accrued salaries and related expenses Due to stockholder Lease liability Total current liabilities Lease liability - net of current portion Total liabilities Commitments and contingencies (Note 7) Stockholders' deficit Preferred stock, $0.0001 par value; Authorized 1,000,000 shares; 1,000 designated Series A Preferred, 1,000 issued and outstanding as of June 30, 2020 and none as of December 31, 2019 Common stock, $0.0001 par value; Authorized 300,000,000 shares, 139,300,000 and 114,300,000 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively Additional paid-in-capital Accumulated deficit Total stockholders' deficit Total liabilities and stockholders' deficit Statement [Table] Statement [Line Items] Intangible asset, accumulated amortization Preferred stock, par value Preferred stock, shares authorized Preferred stock, issued Preferred stock, outstanding Common stock, par value Common stock, shares authorized Common stock, issued Common stock, outstanding Income Statement [Abstract] Revenue Cost of sales Gross profit Operating expenses Salaries and related expense Consulting fees General and administrative Total operating expenses Interest expense Total expenses Net loss before taxes Income tax expense Net loss Net loss per share-basic and diluted Weighted average shares outstanding-basic and diluted Balance Balance, shares Common stock dividend Common stock dividend, shares Preferred stock issued for repayment of amounts due to stockholder Preferred stock issued for repayment of amounts due to stockholder, shares Cancellation of shares granted to related parties not issued Net loss Balance Balance, shares Statement of Cash Flows [Abstract] Cash flows from operating activities Adjustments to reconcile net loss to cash used in operating activities: Stock compensation expense Amortization expense Amortization - debt discount Non-cash lease expense Change in assets and liabilities Accounts receivable Prepaid expenses Accounts payable Accrued salaries and related expenses Lease liability Accrued consulting fees Accrued consulting-related party Accrued interest expense Accrued professional fees Net cash used in operating activities Cash flows from financing activities Proceeds from note payable Loan from stockholder Repayment of stockholder loan Net cash provided by financing activities Net decrease in cash Cash at the beginning of the period Cash at the end of the period Supplemental disclosure of cash flow information Cash paid for interest Cash paid for income taxes Schedule of non-Cash investing and financing activities Operating lease right-of-use and operating lease liabilities recorded upon the adoption of ASC 842 Cancellation of common stock shares granted not issued Common stock dividend charged against retained earnings Repayment on due to stockholder with preferred stock issuance Organization, Consolidation and Presentation of Financial Statements [Abstract] Description of Business Accounting Policies [Abstract] Summary of Significant Accounting Policies Compensation Related Costs [Abstract] Stock Compensation Related Party Transactions [Abstract] Related Party Transactions Leases [Abstract] Leases Equity [Abstract] Equity Licensing Agreement Licensing Agreement Commitments and Contingencies Disclosure [Abstract] Commitments Subsequent Events [Abstract] Subsequent Events Basis of Presentation Liquidity, Going Concern and Uncertainties The Impact of COVID-19 On Business Operations Use of Estimates Fair Value of Financial Instruments and Fair Value Measurements Cash Revenue Recognition Accounts Receivable Stock Based Compensation Net Loss Per Common Share Income Taxes Leases Reclassifications Schedule of Future Minimum Lease Payments Schedule of Common Stockholders Dividend Declaration Negative cash flows from operations Working capital Cash equivalents Annual fees Recognized revenue in annual fees Revenue recognized from student and annual fees Provision for doubtful accounts Concentration risk, percentage Number of common stock awarded Share price Stock based compensation expense Accrued stock compensation Loans payable Repayments of related party Number of shares issued Shares issued price per share Due to related party Value of shares issued Equity method investment percentage Accrued salaries Accrued auto allowances Payroll taxes Salaries and related expenses Auto allowances Long-Lived Tangible Asset [Axis] Operating lease expense Right-of-use assets Lease liabilities Lease term Monthly payments of operating lease Lease incremental borrowing rate 2020 (remainder of year) 2021 2022 2023 2024 Total Less: present value discount Total operating lease liabilities Schedule of Stock by Class [Table] Class of Stock [Line Items] Preferred stock, voting rights Number of issued and sold Value of shares issued and sold Common stock dividend Proceeds from sale of initial public offering Common stock, par value Sale of stock price per share Number of common stock shares issued Percentage of Owned Pre-Dividend Common stock, Dividend Shares Common stock, Shares After Dividend Percentage of Owned After Dividend Licensing fee Software development cost Payments for software development Royalty rate percentage Agreement Term Trading days Salary expenses Allowances per month Employee salaries description Loans payable Allowances per month for salary. Annual fees. Blue Water Acquisitions, LLC [Member] Blue Water Acquisitions, LLC-Series 4 [Member] Board of Directors [Member] Copier Lease [Member] David Herzfeld [Member] Don D. Roberts [Member] Dr. John A. England [Member] Dr. John A. England, PhD [Member] Employees, Officers and Directors [Member] Entity [Member] Eugene Fedele [Member] Executive Employment Agreements [Member] First Six Months [Member] Fourth Quarter of 2018 [Member] Gene Fedele [Member] Gigabyte Slayer Software [Member] Harold E. Hutchins [Member] IP Purchase Agreement [Member] iTV Partners.tv, Inc. [Member] Accrued consulting fees. Accrued consulting-related party. Change in accrued professional fees. Increase decrease in lease liabilities. Joseph P. Stingone [Member] Joseph P. Stingone, Sr [Member] Kendall Almerico [Member] Kevin Harrington [Member] Later Than 90 Days [Member] Lease incremental borrowing rate. Leonard Weinstein [Member] License Agreements [Member] Liquidity, Going Concern and Uncertainties [Policy Text Block] Mary Trapani [Member] Michael A. Hendrickson [Member] Mr. Harold Hutchins [Member] Mr. James Owens [Member] Mr. Kendall Almerico [Member] Mr. Kevin Harrington [Member] James Owens [Member] Nan A. Kreamer [Member] New Employment Agreement [Member] Non-cash lease expense. Office Lease [Member] One Customer [Member] Promissory Note [Member] Restated Consulting Agreement [Member] Ron G. Landmann, M.D. [Member] Ron G. Landmann [Member] Soft Tech [Member] Student Fees [Member] Unregistered Common Stock [Member] WarpG Software [Member] Webstar Networks Corporation [Member] Schedule of Common Stockholders Dividend Declaration [Table Text Block] Subscription Agreement [Member] Licensing fee. License Agreement [Member] Soft Tech's Gigabyte Slayer [Member] WARP-G Software Solution [Member] Royalty rate percentage. Pre-dividend percentage of shares owned. Common stock, shares after dividend. Percentage of owned after dividend. Webstar Networks [Member] Ashok Mohan [Member] Michael Foster [Member] Heather Anan [Member] John England [Member] Working capital. Soft Tech's Gigabyte Slayer and WARP-G Software Solution [Member] Agreement Term. Cancellation of shares granted to related parties not issued. Operating lease right-of-use and operating lease liabilities recorded upon the adoption. Cancellation of common stock shares granted not issued. Common stock dividend charged against retained earnings. Repayment on due to stockholder with preferred stock issuance. The Impact of COVID-19 On Business Operations [Policy Text Block] Licensing Agreement [Text Block] Auto allowances. Assets, Current Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Increase (Decrease) in Accounts Receivable Increase (Decrease) in Prepaid Expense Increase (Decrease) in Accounts Payable Increase (Decrease) in Accrued Salaries IncreaseDecreaseInLeaseLiabilities Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations LicensingAgreementTextBlock Cash and Cash Equivalents, Policy [Policy Text Block] Lessee, Leases [Policy Text Block] Lessee, Operating Lease, Liability, to be Paid Lessee, Operating Lease, Liability, Undiscounted Excess Amount Common Stock, Dividends, Per Share, Declared Common Stock, No Par Value Loans Payable EX-101.PRE 10 wbst-20200630_pre.xml XBRL PRESENTATION FILE XML 11 R1.htm IDEA: XBRL DOCUMENT v3.20.2
Document and Entity Information - shares
6 Months Ended
Jun. 30, 2020
Aug. 13, 2020
Cover [Abstract]    
Entity Registrant Name Webstar Technology Group Inc.  
Entity Central Index Key 0001645155  
Document Type 10-Q  
Document Period End Date Jun. 30, 2020  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business Flag true  
Entity Emerging Growth Company true  
Entity Ex Transition Period false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   139,300,000
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2020  
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 1,069 $ 36,535
Accounts receivable 1,398
Prepaid expenses 1,125
Total current assets 1,069 39,058
Right- of -use assets 5,919 6,555
Intangible asset-net of accumulated amortization of $11,200 and $10,400 at June 30, 2020 and December 31, 2019, respectively 5,600 6,400
Total assets 12,588 52,013
Current liabilities    
Accounts payable 15,838 5,609
Accrued salaries and related expenses 840,069 309,444
Due to stockholder 446,824 583,084
Lease liability 1,377 1,327
Total current liabilities 1,304,108 899,464
Lease liability - net of current portion 4,542 5,360
Total liabilities 1,308,650 904,824
Commitments and contingencies (Note 7)
Stockholders' deficit    
Preferred stock, $0.0001 par value; Authorized 1,000,000 shares; 1,000 designated Series A Preferred, 1,000 issued and outstanding as of June 30, 2020 and none as of December 31, 2019
Common stock, $0.0001 par value; Authorized 300,000,000 shares, 139,300,000 and 114,300,000 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 13,930 11,430
Additional paid-in-capital 6,604,443 6,354,443
Accumulated deficit (7,914,435) (7,218,684)
Total stockholders' deficit (1,296,062) (852,811)
Total liabilities and stockholders' deficit $ 12,588 $ 52,013
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheets (Unaudited) (Parenthetical) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Intangible asset, accumulated amortization $ 11,200 $ 10,400
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, issued 1,000
Preferred stock, outstanding 1,000
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 300,000,000 300,000,000
Common stock, issued 139,300,000 114,300,000
Common stock, outstanding 139,300,000 114,300,000
Series A Preferred Stock [Member]    
Preferred stock, shares authorized 1,000 1,000
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 898 $ 749 $ 2,596 $ 2,346
Cost of sales 400 400 800 800
Gross profit 498 349 1,796 1,546
Operating expenses        
Salaries and related expense 284,643 96,719 576,224 164,037
Consulting fees 51,300 17,100 132,000
General and administrative 27,402 130,369 101,723 274,014
Total operating expenses 312,045 278,388 695,047 570,051
Interest expense 3,021 3,021
Total expenses 312,045 281,409 695,047 573,072
Net loss before taxes (311,547) (281,060) (693,251) (571,526)
Income tax expense
Net loss $ (311,547) $ (281,060) $ (693,251) $ (571,526)
Net loss per share-basic and diluted $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted average shares outstanding-basic and diluted [1] 139,300,000 139,300,000 139,300,000 139,300,000
[1] Adjusted to reflect a common stock dividend issued on April 21, 2020 (see note 6)
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Statements of Stockholders' Deficit (Unaudited) - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in- Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2018 $ 11,430 $ (6,103,268) $ (6,091,838)
Balance, shares at Dec. 31, 2018 114,300,000      
Net loss (290,466) (290,466)
Balance at Mar. 31, 2019 $ 11,430 (6,393,734) (6,382,304)
Balance, shares at Mar. 31, 2019 114,300,000      
Balance at Dec. 31, 2018 $ 11,430 (6,103,268) (6,091,838)
Balance, shares at Dec. 31, 2018 114,300,000      
Net loss         (571,526)
Balance at Jun. 30, 2019 $ 11,430 3,141,667 (6,674,794) (3,521,697)
Balance, shares at Jun. 30, 2019 114,300,000      
Balance at Mar. 31, 2019 $ 11,430 (6,393,734) (6,382,304)
Balance, shares at Mar. 31, 2019 114,300,000      
Cancellation of shares granted to related parties not issued 3,141,667 3,141,667
Net loss (281,060) (281,060)
Balance at Jun. 30, 2019 $ 11,430 3,141,667 (6,674,794) (3,521,697)
Balance, shares at Jun. 30, 2019 114,300,000      
Balance at Dec. 31, 2019 $ 11,430 6,354,443 (7,218,684) (852,811)
Balance, shares at Dec. 31, 2019 114,300,000      
Net loss (381,704) (381,704)
Balance at Mar. 31, 2020 $ 11,430 6,354,443 (7,600,388) (1,234,515)
Balance, shares at Mar. 31, 2020 114,300,000      
Balance at Dec. 31, 2019 $ 11,430 6,354,443 (7,218,684) (852,811)
Balance, shares at Dec. 31, 2019 114,300,000      
Net loss         (693,251)
Balance at Jun. 30, 2020 $ 13,930 6,604,443 (7,914,435) (1,296,062)
Balance, shares at Jun. 30, 2020 1,000 139,300,000      
Balance at Mar. 31, 2020 $ 11,430 6,354,443 (7,600,388) (1,234,515)
Balance, shares at Mar. 31, 2020 114,300,000      
Common stock dividend $ 2,500 (2,500)
Common stock dividend, shares 25,000,000      
Preferred stock issued for repayment of amounts due to stockholder 250,000 250,000
Preferred stock issued for repayment of amounts due to stockholder, shares 1,000      
Net loss (311,547) (311,547)
Balance at Jun. 30, 2020 $ 13,930 $ 6,604,443 $ (7,914,435) $ (1,296,062)
Balance, shares at Jun. 30, 2020 1,000 139,300,000      
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (693,251) $ (571,526)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock compensation expense 25,000
Amortization expense 1,437 800
Amortization - debt discount 15,000
Non-cash lease expense 24,000
Change in assets and liabilities    
Accounts receivable 1,398 657
Prepaid expenses 1,125
Accounts payable 10,229 36,619
Accrued salaries and related expenses 530,625 296,037
Lease liability (768)
Accrued consulting fees 8,500
Accrued consulting-related party 120,000
Accrued interest expense 3,021
Accrued professional fees (51,756)
Net cash used in operating activities (149,205) (93,648)
Cash flows from financing activities    
Proceeds from note payable 0
Loan from stockholder 114,099 421,005
Repayment of stockholder loan (360) (373,565)
Net cash provided by financing activities 113,739 92,440
Net decrease in cash (35,466) (1,208)
Cash at the beginning of the period 36,535 5,241
Cash at the end of the period 1,069 4,033
Supplemental disclosure of cash flow information    
Cash paid for interest
Cash paid for income taxes
Schedule of non-Cash investing and financing activities    
Operating lease right-of-use and operating lease liabilities recorded upon the adoption of ASC 842 274,584
Cancellation of common stock shares granted not issued 3,141,667
Common stock dividend charged against retained earnings 2,500
Repayment on due to stockholder with preferred stock issuance $ 250,000
XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Description of Business
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business

NOTE 1 - DESCRIPTION OF BUSINESS

 

Webstar Technology Group, Inc. (the “Company”) was incorporated in Wyoming on March 10, 2015. The Company was established for the operation of certain licensed and purchased software solutions. Since inception, the Company signed two letters of intent with a related party to license proprietary software technology solutions, i.e., Gigabyte Slayer and WARP-G. The Company has been focused in large part on organizational activities and the development of its business plans to license the Gigabyte Slayer software application that is designed to deliver live video streams, video downloads and large data files more efficiently by using new proprietary data compression technology and to license the WARP-G software solution that is designed to enable enterprise customers that transmit live video streams, video downloads and large data files to push such data over existing pipelines at higher speeds in less time also by using new proprietary data compression technology. Further, the Company purchased the intellectual property rights for the Webstar eCampus virtual classroom access platform from a related party. The Company completed the license of Gigabyte Slayer and WARP-G software on April 21, 2020 and is now developing the marketing plan to sub-license the software.

XML 18 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying unaudited condensed financial statements are prepared in accordance with Rule 8-01 of Regulation S-X of the Securities Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures included in these unaudited condensed financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with US GAAP and SEC regulations for interim financial statements. The results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that the Company will have for any subsequent period or for the calendar year ended December 31, 2020. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and the notes to those statements for the year ended December 31, 2019 which was filed with the SEC on March 23, 2020.

 

Liquidity, Going Concern and Uncertainties

 

These unaudited condensed financial statements have been prepared in conformity with US GAAP which contemplate continuation of the Company as a going concern. Commercial operations have not generated sufficient revenues to enable profitability. As of June 30, 2020, the Company had an accumulated deficit of $7,914,435 and has incurred a net loss of $693,251 for the six months ended June 30, 2020. Additionally, the Company had negative cash flows from operations of $149,205 for the six months ended June 30, 2020 and the Company’s working capital at June 30, 2020 was a negative $1,303,039. Based on the current business plans and the Company’s operating requirements, management believes that the existing cash at June 30, 2020 will not be sufficient to fund operations for at least the next twelve months following the issuance of these condensed financial statements. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

 

The Company’s continued operations will depend on its ability to raise additional capital through various potential sources, such as its initial public offering, future equity offerings and/or debt financings, strategic relationships, and to successfully execute its business plans. Management is actively pursuing financing, but can provide no assurances that such financing will be available on acceptable terms, or at all. Without this funding, the Company could be required to delay, scale back or eliminate some or all of its business plans which would likely have a material adverse effect on the Company.

 

The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

 

Generally, the Company’s operations are subject to a number of factors that can affect its operating results and financial condition. Such factors include, but are not limited to, the results of its marketing efforts to attract users for its software solutions, the successful launch and the acceptance of its software solutions in the marketplace, competition of its software solutions, attraction of talented and skilled employees to support the business and the ability to raise capital to support its operations.

 

The Impact of COVID-19 On Business Operations

 

In March 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. The Company is monitoring this closely, and although operations have not been materially affected by the COVID-19 outbreak to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and business is uncertain. Accordingly, while the Company does not anticipate an impact on its operations, the duration of the pandemic and potential impact on the business cannot be estimated. The spread of the coronavirus, which has caused a broad impact globally, including restrictions on travel and quarantine policies put into place by businesses and governments, may have a material economic effect on our business. While the potential economic impact brought on by and the duration of the pandemic may be difficult to assess or predict, it has already caused, and is likely to result in further, significant disruptions of global financial markets, which may reduce the Company’s future ability to access capital either at all or on favorable terms. In addition, a recession, depression or other sustained adverse market event resulting from the spread of the coronavirus could materially and adversely affect our business and the value of common stock. In addition, a severe or prolonged economic downturn could result in a variety of risks to the business, including a possible delay in implementing our business plan. At this time, the Company is unable to estimate the impact of this event on its operations.

 

Use of Estimates

 

The preparation of the unaudited condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Certain of our estimates could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Significant estimates made by management include the valuation of deferred tax assets and fair value of stock based compensation.

 

Fair Value of Financial Instruments and Fair Value Measurements

 

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, accrued expenses, and due to stockholder approximate their fair market value based on the short-term maturity of these instruments. The Company did not have any non-financial assets or liabilities that are measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019.

 

Cash

 

The Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less. There are no cash equivalents at June 30, 2020 or December 31, 2019.

 

Revenue Recognition

 

The Company recognizes revenue when control of the promised goods or services are transferred to its customers in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. For student fees, the Company generates student fee revenue by registering each student that participates in an on-line classroom utilizing our eCampus platform. This revenue is earned at the time the on-line class takes place and is accrued during the period whether or not actually billed. The student fees are billed to the college conducting the classes during the period the classes are conducted. There are no prepayments for student fees so there is no deferred revenue related to student fees. The annual fee charged to the college is billed in the first quarter of the year and the income is recognized over the entire year. The Company billed $995 in annual fees in January 2020 and recognized revenue of $249 and $498 of the annual fees during the three and six months ended June 30, 2020, respectively. Annual fees paid in advance of services performed are recorded as contract liabilities and included in accounts payable on the accompanying balance sheets. The Company recognized revenue of $898 and $2,596 from student and annual fees during the three and six months ended June 30, 2020, respectively, and $749 and $2,346 for the three and six months ended June 30, 2019, respectively.

 

Accounts Receivable

 

Accounts receivable are recorded as revenue is earned and billed during the period the on-line classes are conducted. The billings are due within 30 days of the billing date. If accounts receivable are not paid within 90 days of billing, an allowance for doubtful accounts will be established. Accounts receivable were $0 and $1,398 at June 30, 2020 and December 31, 2019, respectively. No provision for doubtful accounts was required at June 30, 2020 or December 31, 2019.

 

As of June 30, 2020 and December 31,2019, and for the three and six months ended June 30, 2020 and 2019, the Company had one customer, an educational institution, responsible for 100% of the Company’s accounts receivable and revenues.

 

Stock Based Compensation

 

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee, and director services received in exchange for an award based on the grant-date fair value of the award.

 

Net Loss per Common Share

 

The Company reports net loss per share in accordance with ASC Topic 260-10, “Earnings per Share.” Basic loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted loss per share is computed similarly to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There are no dilutive securities and, therefore, basic and diluted loss per share is the same.

 

Income Taxes

 

Deferred income tax assets and liabilities arise from temporary differences associated with differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the assets or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

 

The Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes” (ASC 740-10). Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a “more-likely-than-not” threshold. As of June 30, 2020 and December 31, 2019, the Company does not believe it has any uncertain tax positions that would require either recognition or disclosure in the accompanying unaudited condensed financial statements.

 

Leases

 

The Company accounts for leases under ASU 2016-02. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the consolidated balance sheets. The Company leases an office space and office equipment used to conduct our business. On January 1, 2019, the Company adopted ASU No. 2016-02, applying the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. For contracts entered into on or after the effective date, at the inception of a contract the Company assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. The Company allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed. We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less.

 

Operating lease ROU assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in general and administrative expenses in the unaudited condensed statements of operations.

 

Reclassifications

 

Certain reclassification of prior period amounts have been made to conform to the 2020 presentation. These reclassifications had no effect on net loss or loss per share previously reported.

XML 19 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Stock Compensation
6 Months Ended
Jun. 30, 2020
Compensation Related Costs [Abstract]  
Stock Compensation

NOTE 3 – STOCK COMPENSATION

 

During the three months ended March 31, 2019, the Company awarded 25,000 shares of the Company’s common stock to an entity who provided services to the Company. The Company determined the fair value of the common stock to be $1.00 per share based on the share price of an anticipated offering of its common stock and recorded stock based compensation in general and administrative expenses of $0 for the three month periods ended June 30, 2020 and 2019, and $0 and $25,000 for the six months ended June 30, 2020 and 2019, respectively, in the unaudited condensed statements of operations. The shares have not been issued. As of the date of the filing this report, all shares previously granted to employees, officers, directors, and service providers, including the 25,000 shares mentioned above, were canceled by action of the Board of Directors on November 22, 2019, effective June 30, 2019 which resulted in a decrease to the Company’s accrued stock compensation with an offsetting adjustment to additional paid-in-capital as of June 30, 2019. As of June 30, 2020 and December 31, 2019, the Company had no accrued stock compensation.

XML 20 R10.htm IDEA: XBRL DOCUMENT v3.20.2
Related Party Transactions
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 4 – RELATED PARTY TRANSACTIONS

 

Mr. James Owens, the founder and controlling stockholder of the Company, who was appointed as Chairman of the Company’s Board of Directors and the Company’s Chief Technology Officer on July 3, 2019, advances the Company money as needed for working capital needs. During the three and six months ended June 30, 2020, Mr. Owens loaned the Company $53,390 and $114,099, respectively. The Company repaid Mr. Owens $0 and $360 during the three and six months ended June 30, 2020, respectively. On April 2, 2020, the Company issued James Owens 1,000 shares of its Series A Preferred Stock at a price of $250 per share pursuant to the subscription agreement. The estimated fair value of the Series A Preferred Stock was determined to be less than the $250,000 liability owed to Mr. Owns. Therefore, the total agreed upon price of $250,000 was recorded as a reduction to the due to stockholder account and an increase to additional paid-in capital due to the related party nature of the transaction (see Note 6 below).

 

The unaudited condensed financial statements reflect a “Due to stockholder” liability which was $446,824 and $583,084 at June 30, 2020 and December 31, 2019, respectively, representing advances that remain due to Mr. Owens. The loans from Mr. Owens are pursuant to an oral agreement, are non-interest bearing and payable upon demand by Mr. Owens.

 

On June 4, 2020, James Owens contributed 39,281,715 shares of common stock of Webstar Technology Group, Inc., owned by Mr. Owens, to Webstar Networks Corporation, a corporation controlled by Mr. Owens. On July 31, 2020, Webstar Networks Corporation distributed all of its holdings in Webstar Technology Group, Inc. common stock, 60,000,000 shares, to the stockholders of Webstar Networks Corporation in a liquidating distribution. This distribution increased the number of stockholders in Webstar Technology Group, Inc. by 277 stockholders. None of the additional stockholders now hold 5% or more of the Company’s common stock.

 

On February 21, 2020, effective January 1, 2020, the Company entered into executive employment agreements with Don D. Roberts as its President and Chief Executive Officer, Harold E. Hutchins as its Chief Financial Officer, and James Owens as its Chief Technology Officer. The details of these agreements are found in Note 8 below (Commitments). The agreements contain salaries of $350,000 and auto allowances of $12,000 per year for each of the executives. As of June 30, 2020, the accrued salaries resulting from these employment agreements were $483,000 and the accrued auto allowances were $14,400 which have been included in accrued salaries and related expenses on the unaudited condensed balance sheets. As of June 30, 2020, payroll taxes in the amount of $33,225 have also been accrued related to these employment agreements. There were no accruals for these agreements in 2019. However, as of December 31, 2019, $309,444 was accrued for an employment agreement dating back to 2016.

 

The salaries and related expenses related to these agreements for the three and six months ended June 30, 2020 were $284,643 and $576,244, respectively, and $0 for the three and six months ended June 30, 2019 and are included on the accompanying unaudited condensed statements of operations. During the three and six months ended June 30, 2020, Mr. Hutchins was paid $21,000 and $42,000, respectively, in consulting fees and $1,800 and $3,600, respectively, in auto allowances. The amounts paid to Mr. Hutchins were offset against his employment agreement amounts and therefore not accrued.

XML 21 R11.htm IDEA: XBRL DOCUMENT v3.20.2
Leases
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Leases

NOTE 5 – LEASES

 

As of June 30, 2020, the Company has one lease for a copier that meets the provisions of ASU 2016-02 which requires the recognition of a right-of-use asset representing the right to use the underlying leased asset for the lease term with an offsetting lease liability. Operating lease expense is recognized on a straight-line basis over the lease term. During the three and six months ended June 30, 2020, the Company recorded $423 and $877, respectively, and $146 for the three and six months ended June 30, 2019, respectively, as operating lease expense which is included in general and administrative expenses on the unaudited condensed statements of operations. As of June 30, 2020 and December 31, 2019, the unamortized right-of-use assets resulting from the lease was $5,919 and $6,555, respectively, and the lease liabilities were $6,036 and 6,687, respectively.

 

The Company entered into an operating lease for a copy machine with a commencement date of June 10, 2019. The term of the lease is 60 months with no extension or buy-out provision at lease end. The monthly lease payments are $149. The Company utilized an incremental borrowing base of 7.5% to determine the present value of the lease liability associated with this copier lease.

 

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under the noncancelable copier operating lease to the total operating lease liabilities recognized on the unaudited condensed balance sheets as of June 30, 2020:

 

        Undiscounted  
        Lease  
    Year   Payments  
Copier Lease   2020 (remainder of year)   $ 899  
    2021     1,783  
    2022     1,783  
    2023     1,783  
    2024     743  
    Total     6,991  
    Less: present value discount     (955 )
    Total operating lease liabilities   $ 6,036  
XML 22 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Equity
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Equity

NOTE 6 - EQUITY

 

Series A Preferred Stock

 

On March 16, 2020, the Company amended its Articles of Incorporation as filed with the Secretary of State of Wyoming to designate as set forth in the Certificate of Designations (the “Certificate”) the Series A Preferred Stock as a series of preferred stock of the Company. 1,000 shares of Series A Preferred Stock are authorized in the Certificate. The Series A Preferred Stock has voting rights equivalent to three times the total voting power of the total common stock outstanding at any time. The Series A Preferred Stock has no transfer rights, no conversion rights, no dividends, and no liquidation preference. On April 2, 2020, the Company issued James Owens 1,000 shares of its Series A Preferred Stock at a price of $250 per share pursuant to the subscription agreement. The total price of $250,000 was recorded as a reduction to the due to stockholder account and an increase to the additional paid-in capital due to the related party nature of the transaction (see Note 4).

 

Common Stock

 

On April 21, 2020, the Company’s Board of Directors rescinded a subscription agreement with James Owens for the purchase of 25,000,000 shares of the Company’s common stock at a total purchase price of $2,500, previously approved by the Board of Directors on December 14, 2019.

 

On April 21, 2020, the Company’s Board of Directors approved a common stock dividend to issue each holder of the Company’s common stock a common stock dividend of .218723 shares per share of the Company’s outstanding common stock.

 

On April 21, 2020, the Company issued 25,000,000 shares of its common stock to the Company’s common stockholders of record per the common stock dividend declaration. The table below shows all the Company’s stockholders of common stock and the number of shares held by each before and after the common stock dividend:

 

    12/31/19     % Owned     Dividend     Shares
After
    % Owned  
Common Stockholders Name   # Shares     Pre-Div     Shares     Dividend     After Div  
James Owens     97,000,000       84.86 %     21,216,098       118,216,098       84.86 %
Webstar Networks     17,000,000       14.87 %     3,718,285       20,718,285       14.87 %
Ashok Mohan     100,000       0.09 %     21,872       121,872       0.09 %
Michael Foster     75,000       0.07 %     16,404       91,404       0.07 %
Heather Anan     50,000       0.04 %     10,936       60,936       0.04 %
John England     75,000       0.07 %     16,404       91,404       0.07 %
Total     114,300,000       100.00 %     25,000,000       139,300,000       100.00 %

 

Initial Public Offering

 

On April 24, 2020, the Company filed a Post Effective Amendment to its original Form S-1 Registration Statement. The Securities and Exchange Commission deemed the Post Effective Amendment effective on May 1, 2020. Under the amended Registration Statement, the Company is offering for sale to the public a minimum of 300,000 shares and a maximum of 600,000 shares of the Company’s authorized common stock, par value $0.0001 per share, for a fixed purchase price of $0.10 per share.

XML 23 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Licensing Agreement
6 Months Ended
Jun. 30, 2020
Licensing Agreement  
Licensing Agreement

NOTE 7 – LICENSING AGREEMENT

 

On April 21, 2020, the Company entered into the License Agreement with Soft Tech to exclusively license, market and distribute Soft Tech’s Gigabyte Slayer and WARP-G software (the “Licensed Technology”) and further develop and commercialize these softwares throughout the world. James Owens, the controlling stockholder of the Company, owns Soft Tech. Pursuant to the terms of the License Agreement, the Company agreed to pay a contingent licensing fee of $650,000 for each of the two components of Soft Tech’s technology, for a total of $1,300,000 for the Licensed Technology. The contingent licensing fee becomes due and payable only upon the earlier of: (i) the closing of an aggregate of $20 million in net capital offering of the Company’s stock or (ii) when the Company’s cumulative net sales from the Licensed Technology reaches $20 million. Further, the Company has agreed to pay a royalty rate of 7% based on the net sales of the Licensed Software. The term of the license agreement is five years with one automatic renewal period. However, the royalty will continue as long as the Company is selling the Licensed Technology.

XML 24 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments

NOTE 8 - COMMITMENTS

 

Commitments

 

Executive Employment Agreements

 

James Owens. On February 21, 2020, the Company’s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Owens to serve as its Chief Technology Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than ‘for cause’, the Company will pay to employee a one-time payment equal to one year’s salary, two years’ salary if due to a change of control. Additionally, the agreement provides that Mr. Owens’ compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company’s board of directors and made available to our officers and directors.

 

Don D. Roberts. Prior to February 21, 2020, the Company did not have any written employment agreement or other formal compensation agreement with Mr. Roberts. On February 21, 2020, the Company’s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Roberts to serve as its Chief Executive Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than ‘for cause’, the Company will pay to employee a one-time payment equal to one year’s salary, two years’ salary if due to a change of control. Additionally, the agreement provides that Mr. Roberts’ compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company’s board of directors and made available to our officers and directors.

 

Harold E. Hutchins. Prior to February 21, 2020, the Company did not have any written employment agreement or other formal compensation agreement with Mr. Hutchins. On February 21, 2020, the Company’s Board of Directors approved and executed, effective January 1, 2020, an employment agreement with Mr. Hutchins to serve as its Chief Financial Officer. The term of this agreement is indefinite and may be terminated by either party at any time provided that prior to termination, twenty (20) business day notice is delivered to the other party. The agreement further provides that if the termination is by the Company, other than ‘for cause’, the Company will pay to employee a one-time payment equal to one year’s salary, two years’ salary if due to a change of control. Additionally, the agreement provides that Mr. Hutchins’ compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company’s board of directors and made available to our officers and directors.

 

Refer to Note 4 for amounts related to these employment agreements accrued as of June 30, 2020.

XML 25 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

NOTE 9 - SUBSEQUENT EVENTS

 

Subsequent Events

 

Mr. James Owens, the Chairman of the Board, Chief Technology Officer, founder, and controlling stockholder of the Company, loaned the Company $39,433 subsequent to June 30, 2020 through the date of this report.

XML 26 R16.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

 

The accompanying unaudited condensed financial statements are prepared in accordance with Rule 8-01 of Regulation S-X of the Securities Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures included in these unaudited condensed financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with US GAAP and SEC regulations for interim financial statements. The results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that the Company will have for any subsequent period or for the calendar year ended December 31, 2020. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and the notes to those statements for the year ended December 31, 2019 which was filed with the SEC on March 23, 2020.

Liquidity, Going Concern and Uncertainties

Liquidity, Going Concern and Uncertainties

 

These unaudited condensed financial statements have been prepared in conformity with US GAAP which contemplate continuation of the Company as a going concern. Commercial operations have not generated sufficient revenues to enable profitability. As of June 30, 2020, the Company had an accumulated deficit of $7,914,435 and has incurred a net loss of $693,251 for the six months ended June 30, 2020. Additionally, the Company had negative cash flows from operations of $149,205 for the six months ended June 30, 2020 and the Company’s working capital at June 30, 2020 was a negative $1,303,039. Based on the current business plans and the Company’s operating requirements, management believes that the existing cash at June 30, 2020 will not be sufficient to fund operations for at least the next twelve months following the issuance of these condensed financial statements. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

 

The Company’s continued operations will depend on its ability to raise additional capital through various potential sources, such as its initial public offering, future equity offerings and/or debt financings, strategic relationships, and to successfully execute its business plans. Management is actively pursuing financing, but can provide no assurances that such financing will be available on acceptable terms, or at all. Without this funding, the Company could be required to delay, scale back or eliminate some or all of its business plans which would likely have a material adverse effect on the Company.

 

The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

 

Generally, the Company’s operations are subject to a number of factors that can affect its operating results and financial condition. Such factors include, but are not limited to, the results of its marketing efforts to attract users for its software solutions, the successful launch and the acceptance of its software solutions in the marketplace, competition of its software solutions, attraction of talented and skilled employees to support the business and the ability to raise capital to support its operations.

The Impact of COVID-19 On Business Operations

The Impact of COVID-19 On Business Operations

 

In March 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. The Company is monitoring this closely, and although operations have not been materially affected by the COVID-19 outbreak to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and business is uncertain. Accordingly, while the Company does not anticipate an impact on its operations, the duration of the pandemic and potential impact on the business cannot be estimated. The spread of the coronavirus, which has caused a broad impact globally, including restrictions on travel and quarantine policies put into place by businesses and governments, may have a material economic effect on our business. While the potential economic impact brought on by and the duration of the pandemic may be difficult to assess or predict, it has already caused, and is likely to result in further, significant disruptions of global financial markets, which may reduce the Company’s future ability to access capital either at all or on favorable terms. In addition, a recession, depression or other sustained adverse market event resulting from the spread of the coronavirus could materially and adversely affect our business and the value of common stock. In addition, a severe or prolonged economic downturn could result in a variety of risks to the business, including a possible delay in implementing our business plan. At this time, the Company is unable to estimate the impact of this event on its operations.

Use of Estimates

Use of Estimates

 

The preparation of the unaudited condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Certain of our estimates could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Significant estimates made by management include the valuation of deferred tax assets and fair value of stock based compensation.

Fair Value of Financial Instruments and Fair Value Measurements

Fair Value of Financial Instruments and Fair Value Measurements

 

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, accrued expenses, and due to stockholder approximate their fair market value based on the short-term maturity of these instruments. The Company did not have any non-financial assets or liabilities that are measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019.

Cash

Cash

 

The Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less. There are no cash equivalents at June 30, 2020 or December 31, 2019.

Revenue Recognition

Revenue Recognition

 

The Company recognizes revenue when control of the promised goods or services are transferred to its customers in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. For student fees, the Company generates student fee revenue by registering each student that participates in an on-line classroom utilizing our eCampus platform. This revenue is earned at the time the on-line class takes place and is accrued during the period whether or not actually billed. The student fees are billed to the college conducting the classes during the period the classes are conducted. There are no prepayments for student fees so there is no deferred revenue related to student fees. The annual fee charged to the college is billed in the first quarter of the year and the income is recognized over the entire year. The Company billed $995 in annual fees in January 2020 and recognized revenue of $249 and $498 of the annual fees during the three and six months ended June 30, 2020, respectively. Annual fees paid in advance of services performed are recorded as contract liabilities and included in accounts payable on the accompanying balance sheets. The Company recognized revenue of $898 and $2,596 from student and annual fees during the three and six months ended June 30, 2020, respectively, and $749 and $2,346 for the three and six months ended June 30, 2019, respectively.

Accounts Receivable

Accounts Receivable

 

Accounts receivable are recorded as revenue is earned and billed during the period the on-line classes are conducted. The billings are due within 30 days of the billing date. If accounts receivable are not paid within 90 days of billing, an allowance for doubtful accounts will be established. Accounts receivable were $0 and $1,398 at June 30, 2020 and December 31, 2019, respectively. No provision for doubtful accounts was required at June 30, 2020 or December 31, 2019.

 

As of June 30, 2020 and December 31,2019, and for the three and six months ended June 30, 2020 and 2019, the Company had one customer, an educational institution, responsible for 100% of the Company’s accounts receivable and revenues.

Stock Based Compensation

Stock Based Compensation

 

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee, and director services received in exchange for an award based on the grant-date fair value of the award.

Net Loss Per Common Share

Net Loss per Common Share

 

The Company reports net loss per share in accordance with ASC Topic 260-10, “Earnings per Share.” Basic loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted loss per share is computed similarly to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There are no dilutive securities and, therefore, basic and diluted loss per share is the same.

Income Taxes

Income Taxes

 

Deferred income tax assets and liabilities arise from temporary differences associated with differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the assets or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

 

Taxes

 

The Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes” (ASC 740-10). Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a “more-likely-than-not” threshold. As of June 30, 2020 and December 31, 2019, the Company does not believe it has any uncertain tax positions that would require either recognition or disclosure in the accompanying unaudited condensed financial statements.

Leases

Leases

 

The Company accounts for leases under ASU 2016-02. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the consolidated balance sheets. The Company leases an office space and office equipment used to conduct our business. On January 1, 2019, the Company adopted ASU No. 2016-02, applying the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. For contracts entered into on or after the effective date, at the inception of a contract the Company assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. The Company allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed. We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less.

 

Operating lease ROU assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in general and administrative expenses in the unaudited condensed statements of operations.

Reclassifications

Reclassifications

 

Certain reclassification of prior period amounts have been made to conform to the 2020 presentation. These reclassifications had no effect on net loss or loss per share previously reported.

XML 27 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Future Minimum Lease Payments

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under the noncancelable copier operating lease to the total operating lease liabilities recognized on the unaudited condensed balance sheets as of June 30, 2020:

 

        Undiscounted  
        Lease  
    Year   Payments  
Copier Lease   2020 (remainder of year)   $ 899  
    2021     1,783  
    2022     1,783  
    2023     1,783  
    2024     743  
    Total     6,991  
    Less: present value discount     (955 )
    Total operating lease liabilities   $ 6,036  
XML 28 R18.htm IDEA: XBRL DOCUMENT v3.20.2
Equity (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of Common Stockholders Dividend Declaration

The table below shows all the Company’s stockholders of common stock and the number of shares held by each before and after the common stock dividend:

 

    12/31/19     % Owned     Dividend     Shares
After
    % Owned  
Common Stockholders Name   # Shares     Pre-Div     Shares     Dividend     After Div  
James Owens     97,000,000       84.86 %     21,216,098       118,216,098       84.86 %
Webstar Networks     17,000,000       14.87 %     3,718,285       20,718,285       14.87 %
Ashok Mohan     100,000       0.09 %     21,872       121,872       0.09 %
Michael Foster     75,000       0.07 %     16,404       91,404       0.07 %
Heather Anan     50,000       0.04 %     10,936       60,936       0.04 %
John England     75,000       0.07 %     16,404       91,404       0.07 %
Total     114,300,000       100.00 %     25,000,000       139,300,000       100.00 %
XML 29 R19.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Accumulated deficit $ (7,914,435)       $ (7,914,435)   $ (7,218,684)
Net loss (311,547) $ (381,704) $ (281,060) $ (290,466) (693,251) $ (571,526)  
Negative cash flows from operations         (149,205) (93,648)  
Working capital (1,303,039)       (1,303,039)    
Cash equivalents        
Annual fees         995    
Recognized revenue in annual fees 249       498    
Revenue recognized from student and annual fees 898   $ 749   2,596 $ 2,346  
Accounts receivable         1,398
Provision for doubtful accounts        
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]              
Concentration risk, percentage 100.00%   100.00%   100.00% 100.00%  
Customer Concentration Risk [Member] | Revenues [Member] | One Customer [Member]              
Concentration risk, percentage 100.00%   100.00%   100.00% 100.00%  
XML 30 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Stock Compensation (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Compensation Related Costs [Abstract]            
Number of common stock awarded     25,000      
Share price $ 1.00     $ 1.00    
Stock based compensation expense $ 0 $ 0   $ 0 $ 25,000  
Accrued stock compensation      
XML 31 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Related Party Transactions (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jul. 31, 2020
Jun. 04, 2020
Apr. 02, 2020
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Feb. 21, 2020
Dec. 31, 2019
Repayments of related party           $ 360 $ 373,565    
Due to related party       $ 446,824   $ 446,824      
Value of shares issued       $ 250,000          
Equity method investment percentage       5.00%   5.00%      
Due to stockholder       $ 446,824   $ 446,824     $ 583,084
Salaries and related expenses       284,643 $ 96,719 576,224 164,037    
Consulting fees       51,300 17,100 132,000    
Subsequent Event [Member] | Webstar Networks Corporation [Member]                  
Number of shares issued 60,000,000                
Executive Employment Agreements [Member]                  
Accrued salaries       483,000   483,000    
Accrued auto allowances       14,400   14,400    
Payroll taxes       33,225   33,225     309,444
Salaries and related expenses       284,643 $ 0 576,244 $ 0    
Mr. James Owens [Member]                  
Loans payable       53,390   114,099      
Repayments of related party       0   360      
Number of shares issued   39,281,715              
Due to stockholder       446,824   446,824     $ 583,084
Accrued salaries               $ 350,000  
Accrued auto allowances               12,000  
Mr. James Owens [Member] | Subscription Agreement [Member] | Series A Preferred Stock [Member]                  
Number of shares issued     1,000            
Shares issued price per share     $ 250            
Due to related party     $ 250,000            
Value of shares issued     $ 250,000            
Don D. Roberts [Member]                  
Accrued salaries               350,000  
Accrued auto allowances               12,000  
Harold E. Hutchins [Member]                  
Accrued salaries               350,000  
Accrued auto allowances               $ 12,000  
Consulting fees       21,000   42,000      
Auto allowances       $ 1,800   $ 3,600      
XML 32 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jun. 10, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Right-of-use assets   $ 5,919   $ 5,919   $ 6,555
Lease liabilities   5,919   5,919   $ 6,555
Copier Lease [Member]            
Lease liabilities   6,036   6,036    
Lease term 60 months          
Monthly payments of operating lease $ 149          
Lease incremental borrowing rate 7.50%          
General And Administrative Expenses [Member]            
Operating lease expense   $ 423 $ 877 $ 146 $ 146  
XML 33 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Leases - Schedule of Future Minimum Lease Payments (Details) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Total operating lease liabilities $ 5,919 $ 6,555
Copier Lease [Member]    
2020 (remainder of year) 899  
2021 1,783  
2022 1,783  
2023 1,783  
2024 743  
Total 6,991  
Less: present value discount (955)  
Total operating lease liabilities $ 6,036  
XML 34 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Equity (Details Narrative) - USD ($)
3 Months Ended
Jun. 04, 2020
Apr. 24, 2020
Apr. 21, 2020
Apr. 02, 2020
Mar. 16, 2020
Jun. 30, 2020
Dec. 31, 2019
Class of Stock [Line Items]              
Preferred stock, shares authorized           1,000,000 1,000,000
Value of shares issued and sold           $ 250,000  
Common stock, par value   $ 0.0001          
Sale of stock price per share   $ 0.10          
Minimum [Member]              
Class of Stock [Line Items]              
Proceeds from sale of initial public offering   $ 300,000          
Maximum [Member]              
Class of Stock [Line Items]              
Proceeds from sale of initial public offering   $ 600,000          
Mr. James Owens [Member]              
Class of Stock [Line Items]              
Number of issued and sold 39,281,715            
Board of Directors [Member] | Subscription Agreement [Member]              
Class of Stock [Line Items]              
Number of issued and sold     25,000,000        
Value of shares issued and sold     $ 2,500        
Common stock dividend     $ .218723        
Series A Preferred Stock [Member]              
Class of Stock [Line Items]              
Preferred stock, shares authorized         1,000 1,000 1,000
Preferred stock, voting rights         The Series A Preferred Stock has voting rights equivalent to three times the total voting power of the total common stock outstanding at any time. The Series A Preferred Stock has no transfer rights, no conversion rights, no dividends, and no liquidation preference.    
Series A Preferred Stock [Member] | Mr. James Owens [Member] | Subscription Agreement [Member]              
Class of Stock [Line Items]              
Number of issued and sold       1,000      
Shares issued price per share       $ 250      
Value of shares issued and sold       $ 250,000      
XML 35 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Equity - Schedule of Common Stockholders Dividend Declaration (Details)
Apr. 21, 2020
shares
Number of common stock shares issued 114,300,000
Percentage of Owned Pre-Dividend 100.00%
Common stock, Dividend Shares 25,000,000
Common stock, Shares After Dividend 139,300,000
Percentage of Owned After Dividend 100.00%
Mr. James Owens [Member]  
Number of common stock shares issued 97,000,000
Percentage of Owned Pre-Dividend 84.86%
Common stock, Dividend Shares 21,216,098
Common stock, Shares After Dividend 118,216,098
Percentage of Owned After Dividend 84.86%
Webstar Networks [Member]  
Number of common stock shares issued 17,000,000
Percentage of Owned Pre-Dividend 14.87%
Common stock, Dividend Shares 3,718,285
Common stock, Shares After Dividend 20,718,285
Percentage of Owned After Dividend 14.87%
Ashok Mohan [Member]  
Number of common stock shares issued 100,000
Percentage of Owned Pre-Dividend 0.09%
Common stock, Dividend Shares 21,872
Common stock, Shares After Dividend 121,872
Percentage of Owned After Dividend 0.09%
Michael Foster [Member]  
Number of common stock shares issued 75,000
Percentage of Owned Pre-Dividend 0.07%
Common stock, Dividend Shares 16,404
Common stock, Shares After Dividend 91,404
Percentage of Owned After Dividend 0.07%
Heather Anan [Member]  
Number of common stock shares issued 50,000
Percentage of Owned Pre-Dividend 0.04%
Common stock, Dividend Shares 10,936
Common stock, Shares After Dividend 60,936
Percentage of Owned After Dividend 0.04%
John England [Member]  
Number of common stock shares issued 75,000
Percentage of Owned Pre-Dividend 0.07%
Common stock, Dividend Shares 16,404
Common stock, Shares After Dividend 91,404
Percentage of Owned After Dividend 0.07%
XML 36 R26.htm IDEA: XBRL DOCUMENT v3.20.2
Licensing Agreement (Details Narrative) - License Agreement [Member]
Apr. 21, 2020
USD ($)
Soft Tech's Gigabyte Slayer [Member]  
Licensing fee $ 650,000
WARP-G Software Solution [Member]  
Licensing fee 650,000
Soft Tech's Gigabyte Slayer and WARP-G Software Solution [Member]  
Software development cost 1,300,000
Payments for software development $ 20,000,000
Royalty rate percentage 7.00%
Agreement Term 5 years
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments (Details Narrative) - Executive Employment Agreements [Member]
Feb. 21, 2020
USD ($)
Days
Mr. James Owens [Member]  
Trading days | Days 20
Salary expenses $ 350,000
Allowances per month $ 1,000
Employee salaries description The agreement further provides that if the termination is by the Company, other than 'for cause', the Company will pay to employee a one-time payment equal to one year's salary, two years' salary if due to a change of control. Additionally, the agreement provides that Mr. Owens' compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company's board of directors and made available to our officers and directors.
Don D. Roberts [Member]  
Trading days | Days 20
Salary expenses $ 350,000
Allowances per month $ 1,000
Employee salaries description The agreement further provides that if the termination is by the Company, other than 'for cause', the Company will pay to employee a one-time payment equal to one year's salary, two years' salary if due to a change of control. Additionally, the agreement provides that Mr. Roberts' compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company's board of directors and made available to our officers and directors.
Harold E. Hutchins [Member]  
Trading days | Days 20
Salary expenses $ 350,000
Allowances per month $ 1,000
Employee salaries description The agreement further provides that if the termination is by the Company, other than 'for cause', the Company will pay to employee a one-time payment equal to one year's salary, two years' salary if due to a change of control. Additionally, the agreement provides that Mr. Hutchins' compensation will be: (i) salary of $350,000 per year, (ii) auto allowance of $1,000 per month, (iii) vacation of 4 weeks per year, and (iii) the right to participate in any other bonus or compensation plan established by the Company's board of directors and made available to our officers and directors.
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Subsequent Events (Details Narrative)
Aug. 06, 2020
USD ($)
Subsequent Event [Member] | Mr. James Owens [Member]  
Loans payable $ 39,433
EXCEL 39 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( +IV#5$'04UB@0 +$ 0 9&]C4')O<',O87!P+GAM M;$V./0L",1!$_\IQO;=!P4)B0-!2L+(/>QLOD&1#LD)^OCG!CVX>;QA&WPIG M*N*I#BV&5(_C(I(/ !47BK9.7:=N')=HI6-Y #OGDK7A.YNJQ<&4GPZ4A!0W_J=0U[R;UEA_6\#MI7E!+ P04 M " "Z=@U1V[_O..\ K @ $0 &1O8U!R;W!S+V-O&ULS9)1 M2\,P$,>_BN2]O::=(J'+BV-/"H(#Q;>0W+9@DX;DI-VW-ZU;A^@'\#%W__SN M=W"M#D+W$9]C'S"2Q70SNLXGH<.:'8F" $CZB$ZE,B=\;N[[Z!3E9SQ 4/I# M'1#JJKH#AZ2,(@43L @+DWI\65>M[ ^ MD?(:\Z]D!9T"KMEE\FOSL-EMF:RKNBJJ^X(W.[X2MXU8\??)]8??5=CUQN[M M/S:^",H6?MV%_ )02P,$% @ NG8-49E&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M M3A^%$5B-;'EDD81_OTV23;J;/ 0LZ?O.14?GZ#AY\^XN8NB&B)3R M> +]O6N[!3+ MUES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,! M$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9K MQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2 MBW A(5M>5 TR M6'!VULS2 Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D 4. #?$ MT4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7K;YH] M5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5 9<8WS2J-2S%UGB5P/&M MG#P=$Q+-E L&08:7)"82J3E^34@3_BNEVOZKR2.FJW"$2M"/F(9 M-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+ MD!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+ M.7\N?<^E[[GT/:'2MSAD6R4)RU3393>* M$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.WF)&Y M"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_# M0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O& RN0 MHGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55OR ML+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SC MYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M# DL6XA9$N)-7>W5YYNTB42%(JP# 4A M%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF M8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.' MYA,L0Z1^P7V*BH 1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW> ,?-2K6J5D*Q$_ M2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]! MU4#E/]O4#6CV#30,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04 M" "Z=@U1CRLBF<@# "H#0 & 'AL+W=OBZMH1D.TG']HRC)KO9G7;3.&VGL[,71,*2)@BT@.+X M[?> 9,G)R-BYB 7B_/HXP _,MT(^JYQ2C5Y+QM7"R[6N/OF^2G):$C46%>7P M9B-D23049>:K2E*2VJ"2^6$0S/R2%-Q;SFW=O5S.1:U9P>F]1*HN2R)WUY2) M[<+#WK[BH!(TLW"6^%/,;XR ;;% MCX)NU<$S,EUY$N+9%.[2A1<8(LIHHHT$@9\7&E/&C!)P_->*>MTW3>#A\U[] MUG8>.O-$%(T%^UFD.E]XEQY*Z8;43#^([1^T[=#4Z"6"*?L?;9NV$_AB4BLM MRC88RF7!FU_RVB;B(" *C@2$;4#X+@!/C@1$;4!D.]J0V6Y])IHLYU)LD32M M05GD=0P*AH1GJ(;K@N]0W>\F1XFS2.D!\H.-=RC7H=.P3]K/D91\!&% M01@,\,3N\%6=C1&.AL+?X$1=YB*K%QW1B\4+E>B?U9/2$B;COP[)22TXYR> MPQG#O)&$@6I*7]%?=#=$ZE8*@@#/)E,\G3JP9AW6S"G6S>7'7368-713W5!;"+*H4P=():2DM1J 0FT"\*D]65)[?::(3#480=7#CH[3 X:VJW M@ ^T$E(7/$-K370];(-NQ5_OS?,MV8%1XW/([KBFLMG\3+K('G60S*UX@BSL MR<)SR&X+!H88PQ!F0@YZP0F=KX*/2)+ %B]!)&T$782]5>/H',)U21A#U[6" MUTH=70,GQ+2L76L ]VZ/S[+[FY+*S$PQ\.BMSE$LRHKPX02Z!4^1]?Z.SS+X MFU?T"-N0*NQ1H/&S02RWVBG7P+W!8[=%[\IO' M;I_N]J#68-NMZ!:JARW,+?&PO=V]R:W-H965T&ULK5AM;]LV$/XKA%%@ M+6#'I-XLM8F!-,&P%ML0-.OVF9%HFZA$>B25M/WU.TJJ)$N4X@S]D%@2[T[/ MO?">$R^?I/JB#XP9]+7(A;Y:'(PYOEVO=7I@!=47\L@$K.RD*JB!6[5?ZZ-B M-*N4BGSM81RM"\K%8GM9/;M3VTM9FIP+=J>0+HN"JF_O62Z?KA9D\>/!)[X_ M&/M@O;T\TCV[9^;S\4[!W;JUDO&""6TN X]_&Z*)]IU7L7_^P_FOE/#CS M0#6[D?D_/#.'JT6\0!G;T3(WG^33;ZQQJ *8REQ7_]%3(XL7*"VUD46C# @* M+NI?^K4)1$^!!!,*7J/@G:O@-PI^Y6B-K'+KEAJZO53R"2DK#=;L116;2AN\ MX<*F\=XH6.6@9[8W4F20%):A]S2G(F7HWMK2Z/5G0]K!#_69>_9:EH$ZL.DE.U=?@:>NN MU[KK5?;\*7=+I9@PB&H-3LX8]%N#?F4PF#)(]<$5E5HKJK3L5GK<$AR!!X]] MW\="?A3Z82MU@BAH$06SB*[35)8",JA8RO@C?0.K4K- M9B!N1F\/$S*$.!:*PG BAG&+,)Y%^$$8*O8B(H-KO SLM4'0@UC;@ZI%:"NL>&"J;2U+V"WZR"I. MR;^Y A&/ Q%A/ C$6"@*>D(G@4C:0"1G%--TAI)Q$7EA' ^0C:5"\-MW0R.X M8P]\5C_-.7W@.3=\N%E/[?98B9S7Q([TVU0':TR<>![&_M!SAQAD+IGPO",2 MXCV'4)50@QIH4X';55TI5A?F7.-J[/;QQ% DHWWOD/-Q$@3!!/*.L<@\9=V6 M#!F)8+1(OQQDGC'EA.F/7A\$4>P%0YAC.4@"CJ=@=C1&YGGL=P;365M8SCU) M7.2SV0P1NJ2\S02^CJ/(/$F=-OG)#= @==",CP."1]4Z%HR3)(BFPME1$IGG MI$$X8:9K&NH/#XZVETKA1#_FH" ,O"'TL53H1Q/=CW1,1>:IJH[S<_$=4Q#$ M-X["88=V""8XZ)?U*R92VQQ>_RD-0QOW M #UK^ 6CS$\P=.I\1U$DF:6!^ZZ7Z%_L5Q1/N9D;USN"\?!SH^".08%F=;]: MHE?X F-,@!@4>J1YR=ZAZ](__"Z/^/$%Z]ZH[=S3#=+Q!+#:) 0 A$.H+DF/Q-'4M.!UTX(W/RW4 M+*&?[T,-YO%,L")>$N%HR&HNR3CT8D(F('<#A'?. -$CMJJNSW5+4'D]O_ %!+ P04 " "Z=@U1@.S@?Q8# #N"@ & M 'AL+W=O5. M."WN+60X%;EFE,-"(I6G*9%_;X&)W=;01'QG<).-=K(6ED)\6P[]_',P98(&$3:IB#F MLH4Y,&8S&8[?55*G'M,*F^W7[%\*\\;,BBB8"_:#QCJ9.6,'Q; F.=./8O<5 M*D,#FR\23!7_:%?&#@,'1;G2(JW$AB"EO+R2/]6+: B\_@&!7PG\4P5!)0@* MHR598>N.:!).I=@A::---MLHWDVA-FXHMY]QJ:5Y2HU.AW/!8_-1($:WA!$> M 5K:7 I=/'&2QU1#?(DN%D0"UPEH&A%VB3ZCI^4=NOAT.76U8;"9W*@:[[8< MSS\PWK><]U" KY"/?=PBGW?+[R RJ$E-."I%<)T+2%XC;D,N<@[VW5OS>,1^/VX,>U-"#\Z"I4GD[Z:"5 MX!UFYVAVK;Y6&8E@YIC%6('<@A.BCOH>UC:&Y]DP*[DR)1]3OFGS,CS%2^>0 MYWL9U5Y&G5[F(DW-PG]*O8].J_>C87NKAMTT+GP%[I*:K7*<@MX4>86YLM%XG M\Q(D-85P@][FY-+RHY\/D*Y _NJ8(M[;?N9U;VC_M]A628_,^V-1);+;.(S8 MD^ #D1O*%6*P-C+<&QF]+ ]794>+K#B?K(0VIYVBF9@#*4@;8)ZOA="O'7OD MJ8^XX3]02P,$% @ NG8-40%N>#Z6%UNBOKOC=[PCCS=^$M5WN>9*U6GMQ4G*6U4)%[%./(*UA6#B;C>NQ3 M-1F+K6Y>+H>D,'+P.=LM59ZP)N,-VS%[[EZV'RJX,UK MM:19P4N9B1)5?'D]N"&C.<5:H$;\F?$G>?2,-)5'(;[KE_?I]0#K&?&<+Y16 MP>!OQZ<\S[4FF,??C=)!:U,+'C^_:)_7Y(',(Y-\*O(O6:K6UX-D@%*^9-M< M?19/O_*&4*CU+40NZU_TM,>&\0 MME*)HA&&&119N?]GSXTCC@02W"- &P': M$0##=@&_$?"[ D&/0- (!)=:"!N!\%(+42,0U;[?.ZOV]!U3;#*NQ!.J-!JT MZ8=ZN6II<'!6ZLBZ5Q5\S4!.3::B3"%.>(KN%5,<8D9)));H]PVOF%Y[B:X> M2K9-,\73-^@M>KB_0U<_O1E["JQK'=ZBL33=6Z(]EGST491J+=$,+*86^9E; M/G+(>\"ZI4Y?J$^I4^&';?D.^?AG1#'%EOG<72Q.AC8Z_\_Z_#];/W&&W\:! M7^OS>_2]+Q>BX(<@0%]O'J6J(/&_.;0'K?:@UA[T:/_,=[S<'AD-,"XP_ "S,S$)%W,W(TYX1>U_"(GOU\J(27:5&*9*1N]R)RZL8 F MQC<6T,20V%A "RCL6\"X)1@[0[_9ZLH5XL\;O1=*1\0GK=+$Z;5[EK,JXQ*Q M,H43.(>T2E_TV[R8&,1H$D2!WW&D"1M&,>FZTD2%<41IT'&F"2-1@/W8[LYA MRWQX)A]*"<>Z]N>2VS/"J4#74B.Y80M^/8!B2?)JQP<39-N@AR9/XAMY8Z)( M3(S,L:!\*,]ZDH?@P_F*W>G#2PBOO(X#EL()GNEM59=3UB,4FW$0!YAVPL " M ^)^U T$&PZ3F';":MYCE@0][(^J"^)D_X=0P%VRH?2 MB+AKH]_@^ICK(_:1PT61(\6>>Y@'Q@S>^@3.O[A+W0($[CCJ[HPV8#3T:4BZ MY"W ,"8A[3EZR:%X(N[JJ:D[@;0S2YQ*?B1+7DG1[+44S5]!T:GK#W4=<1=V M+X%G=7AD5,H]L68!VF/- K3'F@7HC+5#G4?BRS(-CB,DUZSB;Q^9S!;UV9QF M^599[Z731NWQC+KU^WG([#QD[H2RM0?+(=',(KOB<.=_RM MD@J(PZE\D1=NS]CY2KY9?6UHVR MSOB4C.Z(97Q&1G/;^ T9CF;@5/,+^&4TVWWAY>4AS^WLP.G!_?+Q;E[D S M4KYC1YJ+;_:LR @7;XO'17DL*(DKIRQ=(,?Q%QE)\MEJ67UV5ZR6[,33)*=W M!2A/64:*[Q]IRIYO9G#V\L'GY/' Y0>+U?)('ND]Y5^.=X5XMVA0XB2C>9FP M'!1T?S/[ -]OL2\=*HN_$OI<7KP&,I4'QK[*-[_%-S-'/A%-Z8Y+""+^/-%; MFJ8223S'?S7HK(DI'2]?OZ!OJ^1%,@^DI+%F%LY 3/?DE/+/[/E7 M6B?D2;P=2\OJ?_!\M@V\&=B=2LZRVED\09;DY[_D6TW$A0,:LX0#S@X-<.U6 NSF153*\))ZMEP9Y!(:T% MFGQ1#5?E+0A.%45 HO =N#>\YV7P\LC6E1_@S6=)_L M$@[>?,G)*4XXC=^".?AROP9O?GJ[7' 17H(L=G6HC^=0:"#4G:@96A0T/HJ1;EF6B:HU\>R8[>S$0O*VGQ1&8^=##RP^N 6Y6A$\$0MX97%..&8CR%XE] >2#B42=1K44T MH/J,XW6IEO_42;E-4JXVJ3_$XI:RLE0]O-;3X.$MX:PMX6S<'IES%#FN[W<* M:=SNBG*OH=R;.E4_D:*IGT@U!%HD@R'P)DU52]$V7I\X'T6HFT"13DH6[S*4-?B MPX;BT'J+UR(:4!V:UDW4)!6]ML5OHSZ17@ ]--#BH-/*3F=JL?Y^R@6#SO#, MTT,94%@#C95K;7:9-88N]/W@VG"C,)P+*S>(NHU,98D]!/TH&&#R0L!#TYH< M9U0+:<(H-*U*V"I6.%FRCC9G/91)0M-$JZUXFQIHPEJHMM0LAK 5KM!8N8XS M;DNZ0F/M"EOQ"O7J]5:FE8J]F#S$$/O;.K_'@N1R>\89*.AYIW8D!4_$5SGC M("G+$XV52=N2O+: UK O0@=ZE:6(VPD1KT>KU;U0+WQU>PV]JPGSEH#6MH V M4*%R40@=W^EV@''#:^9;.0PGZ>%I:XJ/"^X=!JK+#4K\:M M!H>31+C9:FQ+C<.^[AUKI:WRA9.D;U?RJA.RI7EKH-$2Z6MC'WNNZ^)NB?0- MYP&"H1_V2D1A&7IBML$!(ENU#?5R>V0/H294"VE":%_0CU0(:B4]TDMZ7?O6 MNYJ<*5H"6ML"VB"5M ]AX'1+:H+A-?/M%@!-V@)T=!MRE"-A2_K70*/'N_T= M@GIN*@SG@>\X..P=X"HL(<*N![T!)B].R2?M.0:4\ "CUL[+^PI_;'*V$A]- MDOB3NHT>RB0A/*U$^CN @1+I&PZT;Y6EKGVC=DN!]%N*U[1O/:0)H7WM/58A MK?I&KU;?6Z0ZB(TP\H;H;)4G>HWR')AHMI0G4BA/L>?NU65?)OJ^HZI+A9X, M(B@,O6Y=*BPABGS'1P-,MLH3_8CR'&!4(1@O2ZFF2V$EZ=)472LKT619.=YH M;F,'L?DU]3^.3'RNM-B;2OUD*\ZQ%H]276ZTOE"+P4 MFG(D;(E,W)=ZDAE-6;52#^NE7GL=Y9S7^=0/[%D!"GHDW^6E&'EF2#)VDM=C MXA.5!X9E>T5&F;DM,6@+:(W[JO),8:>)V0JX'0]X/6(7]ROT&O;'1TQ;LXIS MZ/Y:J'_$5TS"5GCBU]_$T+N:5)VMQPVOF6^5,9Y\ M(6-44>FA3$9"<25#H5$59FJ-JC %2GI,\A*D="]\G7?RNFEQOI!Z?L/9L;I ^< X9UGU\D"):"?2 M0'R_9XR_O)%W,IMKP:O_ 5!+ P04 " "Z=@U1MB(0U:T& "!' & M 'AL+W=OBUSHF]'6F-W59*+3+2NH_B!W3, O:ZD*:N!5;29ZIQC-7*;43@Z?/C"-UMC/TP6USNZ M80_,?-W=*WB;U%8R7C"AN11(L?7-Z#:\6I+$=G M_N3L2;>>D:6RDO*;??DU MNQD%%A'+66JL"0K_'MF2Y;FU!#C^J8R.ZC%MQ_;SP?K/CCR065'-EC+_BV=F M>S.:C5#&UG2?FR_RZ1=6$8JMO53FVOU%3U7;8(32O3:RJ#H#@H*+\C]]KAS1 MZ@!V^CO@J@,^[1 -="!5!^*(EL@P(8+&\8' MH^!7#OW,8BE%!D%A&7HPU# (D-%(KM&2ZBWZ&8*LT;NO@NXS;ECV'HW1UX>/ MZ-T/[Z\G!D:W-B9I-=)=.1(>&"E!GZ4P6XU^@A&SX_X30%U#QP?H=]AK\+>] M^(!(\"/" 0YZ\"Q?W3V<>^"0VI/$V2-#GK0>6SN/K94L$,PT10T7FS)5N>%, M>X:)ZF$B-TPT,,SO,+5SJ75? ,J>B>MIY^_C8IS,"8[#Z\ECVS$][>)I&..D M;G<$+:ZAQ5X/W&9_0\*6*60D3/)4BI3G#(D*L_V:6C?M;<)QT>NC*X^3DAI) MXG72@Y'I-Y3* JJ=IJY>L&?[S/K.Q?0F'=S)AJD M$09-50_\Q6A+Q8;9*4:U9C ?J6] MKJJL'(6*S&9V;=_1ET,>DRR' >'Y*HMN,)$DX'W!SHTFA7Y0 HMI#2=/\C_QHM"[TB]W!^:"V&A:O5DW7;,#=;R5U85?K9O%@V6JT+CPC=ATJ MXT,6[:@:"(_7Y"6<>B04=D.#K!J%#,](9,6*"\, @O'IBM_4)6RZ DD"' YP M:00R]"OD@RN5#+LR.8[#:3RP8,6-3N+@[&KZ[(JTCUIE M]PA1&,UQ<%JY^AK.21+-!J WZHO#B_8;:RXH++=?N]_ C8;BF(FXD5+LE])/DHJ2AK8[A*W,,Z9Z6?3H:1@%\U-![6D7 MX3!H9<$QTD91L5]1O\"ZY<5NI>QFO 46]E%4]"+N*N28),$IWKY64Q(G0X ; M(<5^(:UG$E2&1PX[?+1Z>45.5N"[$AN&@*OC[FZ[.8ZBH;QH)!3[)=2"SUBJ MW&( JH ETHNS*WMC$D=).XMJP_[W2YWYV @;'8CFTN]5\RB3@\5%U*D/$ %^?.='#4R1/PR MY%SD-BI@MUXG]/G&;^B"\OH&AH[)-L)%_-O&4[*I+!@R]+F_-/B-74+X^PT= M$VX$E&!_2J5;ENUSET-"BK%S !>/$&)7&F%.7"C>I'4HZ5>\/^KU3'FDH>RQ M]EBNQ[#@<2/+DP:M0P)W@J=L*=_OI'"3EF9RYTYZ@,KMPQ+-(MP;-"^H2X+6 MU5<\C>)9U#_-2:.OQ*^O2W WRW-Z( -)6,"34UJDMQ1@H8VBPFX]8,F#N-;[ MTU/KBJMWH$NX=K69A%&8) .;7-)H,_%K\[)-+N-6GB'R*;#< #VZH5S KD0Q M P]VPTZ5U97^Z=A58-S>^%54WG@S3!HE)WXE;ZV;!,KVS!XYMY=/3]S8)0I; M,Z7L@85SB0VNS8=>PDGGL-R=ZG8H?__6NJ0\:5WF% PB9.^X-')G0.7E2/VU MOD>[=;=')]_OPJME>1O6F"DOYSY#X"'D,./78#+X,(5PJ?*^JWPQNC%;2 M&%FXQRVCX#_; 'Y?2]@%5"]V@/K6&PO=V]R:W-H965T&ULI5;;;N,V$'WW5PR\ M0-$"B6])=A>[CH'8N30%-C'B;/-0](&6QA(1BE1)*H[[]3VD9,79)D:!OM@D MQ3D\<^9"CM?&/KJ;>EU_Z?9?D7 C7,R5K?%D96PB/JGW;/AE^EQV!\W_"YY[7;&%#Q9&O,8 M)M?I:7<0"+'BQ <$@;\GGK%2 0@T_FHPN^V1P7!WO$6_C+[#EZ5P/#/J0:8^ M/^U^[E+**U$I?V?6OW+CSTG 2XQR\9?6S=Y!EY+*>5,TQF!02%W_B^=&A_]B M,&H,1I%W?5!D>2Z\F(RM69,-NX$6!M'5: UR4H>@++S%5PD[/SEGEUA91H7, MBJ:5PP;GQGT/\+"EGS1 TQIH] [01_IFM,\=7>B4T]?V?9!JF8VVS*:CO8"_ M5;I'1X,#&@U&@SUX1ZVG1Q'OZ!V\6YL)+?\6P=4#FAGMC)*IJ'-#IS2W[%A[ ML97B4FJA$RD4+;#(2$3OZ(^SI?,6J?3G'D;'+:/CR.CX_VN_'^CF]OZ"AG1( MYQ>+V=WU_/[Z]H9N+VGZ?7%]<[%8T .#MK!TSTFNC3+9AJZLJK0NG2.T1/]26STF@ MF:CH2BFLWY WV\.IM*:TDB$5@)J3._Y%M);$ ]P[H2F9BN?%,"R4V;"/Y MA[.[^>'5:RG@#"V9-31 4=FX;%*&2B6TV_4D&/Q(KM52E"7VU2'PN? D'="WRAF,%5JEI?#;>9(I M&T+6LRC@=SU-S5HK@SL@>EQ[@EH2M)**'14&I_!J)1,)MFI#RPT%JAEI].E= ME:-1 I50?;'1[Z@='3>=79=J;>E?6?&F&ZR1>N"!V%L<"(BZH8:00-%H6%\",02(L4:;;8HAJ!6@\:!XY%IQ5$((BZN6A[N9LX7MO=6X M^SL7*-(CB\\$!_J5]O5=VJZV+Y&S^@)^V5X_8] 0,XE:5+R"Z:#WZ:1;*[V= M>%/&ZWAI/'(Q#G.\IMB&#?B^,L9O)^& ]GTV^0=02P,$% @ NG8-46MW M0F"O%0 PCL !@ !X;"]W;W)K3 M?9]?@=)ZMY(JBKKZHL1QE2S;B;Z*+V79R6YM[<-P!B01#0<,,"-*^?5[NAO M8"A*<6IK7VR1,P :?3E]N@&^W%AW[9=:=^IVU;3^I[UEUZU_.#CPU5*O2C^U M:]WBR=RZ5=GAHUL<^+739'ALX-5:=J]5R_YNT_NU4O;=XUI]2>G M?+]:E>[NM6[LYJ>]H[WXQ6>S6';TQ<&KE^MRH:]T]W7]R>'309JE-BO=>F-; MY?3\I[WSHQ]>G]+[_,)O1F]\]K>BGXZ M:6@BB/%GF',O+4D#\[_C[.]X[]C+K/3ZPC:_F[I;_K3W8D_5>E[V3??9;G[1 M83]/:;[*-I[_51MY]_1D3U6][^PJ#(8$*]/*_^5MT$,VX,7A P..PX!CEEL6 M8BG?E%WYZJ6S&^7H;32$,RT9Y:IS>&HPKGMU)<90=JZNS*(U=%B/1AU48>[7,O?Q W,_4^]MVRV]>MO6NAZ/ M/X"<2=CC*.SKXT7ER^O5*O2V\\2?/)::_;KN3(^++4B([* MKM9E>T="]6W9UZ;3M:HL3-=Z_#4W;=E6IFP*CV$:<=EY53JM@ 5K_%\KT_(L MKL9[&F[<+=7GOM'JQ?[A$:WY62_Z1E:\VO]/^J;#PE>ZZIWI2/5O;ZMEV2ZT MNK"KE?$<]]_]Q[^].#X^_/'J[07_=?3C]]/BG)>!I,W=1%7:=0 ?+"\0Q;'> MUJJUG5:U\55C?8_MX@L\;IH[O%DU?2T2IVVI;%N/;6FA6^UHF@)/])J45 [F M7#M,;M8-EL-8VM_7EA5Y1;.SZL]7VL$-TLZ^7JF?S\\_Q=VI97FCU4SK-E.^ M=SA1T5D@:;54KJ?5:,VZNE1IKID02M6\.5*$WKC[=+S-V7;]IAWUPH3UB9FMSWT MOC9M2$"4211,CYW^ 626=XO-TL *0:C@9'@;7NW(([)W5:LK[3T! I2B2C4O MC8M:$17M<+C@'RP3HB"W,DT#+71PJ-7.G8AFL0!R%+_-6^^63FN>SYM;M1*, MUH31"@BK$\*R5RF5A@@NXO3)IZ*W;0QTQ3;A[>(;W\\\G(1L MM8;0ECT[BE65#80HG;K3^$?D>8.55S/MU,F1R,0[RCVS^!MO\4O;-S6\0A%G M(05CP!]]*Z2 -W=+"QF&-XJXAX=%/SI3XBD;..#< M-'@C+4YFA3#O2X?GQR=QI[^:/WL#L0!R/UORI0L+KW ";U_; 'P,G5_^/EQS M<7<$BBB&@A4+CCU/Y,93#%\W%.'TMT'\L X#D$>K8WNE6K"\E<@[94#7CJ4 MG73BO2(%^9=@*LGM^_F<\B$3XZ='R54?CQM(5L,,V"/EB?LBM7K! 514I5^J.7@Q/,+95:8;7O7H M]&QR?/CT&U=-7AJ6HH1R]/Q'S[28K5&NH3R@5Y<&%CQPPR:+4F'=R3P MY&Q*A&$ 4=8-+#/K/;@(5 -G:/V#ZX;=8&6'F#XB1*9 A!R;4I9>96WV+/S:ZP19%BXC:!LJG MU3A5>4JL5<0UK_\FBB(4S4$6K?/*E89 1#7(3_3N[7M9^3(BY+9RBXM%<&; M:0LAJO3.$/JR0\-QP&CCI**BUJC:V'"&\&M80X0LDW\FKT!2L/UBJ6X \[:' M;8%UL@N/- C\GPC=H"CA)&SXX;J?@!?Z0!&,OG (]HUO! MDH54>QC"?(DTF1:=8&B'?1/XV1O#21O; @)W\+GRIC0-8Q%7 ME$0 ^1-2\ HRB\\AZJ?%[T!0%,'"4,@Y>>4<"JHA,7%X\'9K* &0X2D9@K!4 MUS0GH@2E'P&OM^ QM K$@9O>UT-,,C1WT9AK4@'C;(FX(Z) %"#&,(+-(P# M1A.B.XCUS\A845L.QTA_. %DC$=L2JYO>1'P(HO%HT.2C:L&NN?**&83?-9D M(.>X&BE7Q*Z]"B@H'W<,+3"T,3*UB79<454>&%#D F-&3'ME$_Y- /X.E,"K:XZ!UL@1'[51= ML7>&N8+NQ:T#92O(8SIVJ4E0O$P9G 95Z;7FM> $UG6<9[@' RB] MZNV\V]"TWC8];U!F' )3-27XU#(E@A 7T%L1EKL_1RR/1!"X;H4-4 D*J:(? M/+1ZD#-R#Z*-7(81H;U&H.)O(BKV3FLO9=)ZC3WR>BE:DK#;V)@ <1B868=K M*XJ02YB?@F>N+C[^=OEF'_SN8ZM>Q^D_#NYPF9A=(BB_6P<__$67#6C61[%^4 '\T-%K5O4ME>^&I:I74P6^EL5R34>8)BA?_ M@1I:2TK1[8UQ=E!",C2VV$>N/%6CU@&PLM$C.*@M7(;V1AD>S\)($^,M2I[ MSWQUYBR5-[*&> QM4< A@$KG3!7H)81PL&/#,J)L=[1A,*UUZ$<5ZYY0'0;C MV"231HE#MV%!0-XF3G<_S0RF27F&"NHXS53]GM0_*"D.*L).9LQ*>/#L+@7M M@QHG.6;4U2!J2)#?<6HG/5LNM5&\=M!*Q\HK&]+P75!B*/N]DK1)R!'R!O6) M>H>%'#)SUL>KC7?].A'V$*<#8@NX)7N1<)"@K_3.#"+,*0(2+5\RPB9$TH9$ M" R#>T*0J[RQ;J @4T*;R.ZP(<()S9VT":@%M1JXJT9C>2Z/3(VX( \*I$!D M5E1\=:&T9_9$]4GWF%<&/I/C09NF3>@PPBAK<4&RE]\%!6]WU\F:JOGO7R M-HSE2C\4[:,(V$'8BIV]C$ V?5:&I8:=3JNPZ4")5\&[F:\$"PJ=H,1(;A/) M6:!M,C2C805]'KJ,8F16)2/USC$J-B=)6P]O\/%F312QR$1,/05Z2=^N:1I/ M:!*K,QG$G5SN3U'"Z'INZ E_$N\B?$'TQ*#PF>JFZB(TI+$>G*48E)H(?YXH M494"1G-Z-_)'Z33UK?FS9R#42$1-P/AD4,D\=E4E4M.?,8&X(G+(OU^5= M^L918R$&B?A:+4[(>UO:IJ9LM 88WR9@@\BL!TDCA:@C-QH58:[;IVQ%N:+/ MN)ZGXX*D@S%1K8V<&@3_O,.'=G^(_V &['*[ BRH> @TN":/RLW42H8,K?IT M/K#=5>2]W^OG(M*I1Y5+"7?TX-@43=R^HAJ5_B#,O>$ZA0N25"TWC%RL\"4* M5?AWPSU?O'&CDP=3+S:HRL@9DG3P0R^0-LU\"I(0?^ *\-ZZL9=6I$UAW(X] M?1:(Q/^57;0F'1#&+3KY_B_M(YIRB#&H(RL7D9$A^@U9?6%MS3*BJ+PQU%\A M 4$^6Q_#R'+6D\-NS04M=VVESF? "8G81RO!GIDN*$]W39@7 M0!8/%:6+2FAZ3R3$)'WJ8!.L.-?:C]-X[$_[_)VT_1DI96%\QYVN0I>@>O$] MEAZY.A83<7-P7CK/E0Z<!*%+>-^2LR#'U1KM8]$XR.>O)D7#-HG!A#Z5IQ M:#[2 ?60N$H!F9D3@A5< 7$P$Z0RR6UA&.N M(S:D/(R,JK+XM!!8[BM"\X*_;IB#[U@S?TK3A8%AN<&;F?'<23S,MVRE/"_N M6"VM'? Y:*O@)I0(F8^3'<5S0!@4CN(6]S>#6<,N [;.C1MR4N0G?/(3N0<" MG!IU;+$0+G5!]9+4K/!0)R/&(!>6>7)V]E3\)(K&;O.O$A_=W8!(P]S),>C8 MX/CTC!\_.3U[$:63J0J>*K/"MYX$3BB_4Y!Q3Q6D*)-L71HY**]O8O<\A3JL M3-Y+?NITR,[$R*1USWC8]?A$'H[+<44,KJL$#*=DDPWW0U6N8:*)R^@ M&-;0\>3IV3-A*M$SF/EFV_L_:TLRYY/GT2K'DY/39\4_.XL].KMG@:B:SRF- M#]\-J7VD=TIM,28R!*%FB3C>[O@<8=7...7QTN5WFDD"Y2P8\.00'/[.1R\, MKS&O1W4WWT5&TJ$S^U68YVR8)\PQX11!QS=L?%(GG[90.S+-&KOVFI.L@8?4 M@^:*;,T-H<<3B2HZ_B+_V#YZVLD!MLWRPID 8X. M#_]]ZV@X=3IVFKU-,8H@OF+V+*>/%QE[E@?[0BAS6AU2&TU+A:%U@7H'Q,A/ M(-/-(\"]WI-GA_M'<)]PA^DMH(3C MGX;S*M-PGXFOG%7WYO9LO#[4P+6Y,5SM\FO#&1L?R9#D159Q^-A>WO"-2T(P M.E&"PH9C%E[%;S>4J)=,9[-RY^B-:7C]1T3S9@5)G/0"9[LV F/I=3<<7R.% M6#ZJH\,3/IIQFBV7L7X^C$ZBYD>Q0581GN? M0^?: >?#D ?79!RL23'PQC$%*^+7\-IT8P]S3H1[P5GI!(IU)#[^D':[CCI*CX&&<1D5V\8Y,_ MF^EN0UIY,'29PV'Q6;PKN5N*";&85%<&E]1MR7T=&L\%0VS]BJ^LI>O#=0J' MNC19N'Z2^C>7E-#0>>CIS>Z&0S&B3DZGXU#)]/&V!M/Y=C]\Y#:P%@?JU_%B MQ[TC6/:2W36U#5O"*W>!6C\HXF@D)?6,BA.T\4%OML#=-^]CV$:$>&$LS)23 M@ _YQY8UDJ9_2WV>1"W"VP.#$'.ECI(<$W!3?U=C*-02H9C=<@%@0T/D=$Q: MY5:*CV6TD GVQ'?G5Z\+SDRG!+\1?8>K8'0];Q16$86_&T9]/W0H\VQ&9,$3 MPL*KD?!)O)6F_RBR5CPN:Q1$BE M<[W1T??]BVR5@YV32=N;,> MXX-\M7B23S]1*..>5Y!J7PYJ]O&XW8=WA]3RS?>7/[\\6NZM9S% M?!I;R-@< R+@0&&V,35CP6,%7!2/0 GX1,=/L9<1OB!5KYF[]2'/AMJ$>\_# M8>/'H8#>:?*RMGR9F_3TP4ZCKB;4X&SN4EE45M=$->!4:[Z#4%'G'5%=&TX> M6#Z(S+U'.:.O:),21YPD&/4IDS*#VU#ZC"?F01C^T8KL1E SG&%RF,5+:S^H M[\SWJ6O#PV[7?(^(K@R%>W1%++1]O"80! 0F& RG&<5,6TD@7MG=,6>:@]BKV2DK$GL=\%7]3K= M%QJZ"2.+LLZ*J*#@=_*>D@Y82@>S8=F4N56XT0?*6 SY42J0[TY&RW-3?;1XL..N><G&V W?KF[K_;*A$G3M*-3Y>AP='% W M8G#?%8S- M2O(DQ05G3->+91)>;P3CZCZ,QZY2( !Y<5K$A4=%:;C; ,N95;_:,IQ*G=%< MA$Y%].1 Y)X1Y?,5L"4J*MP^C/S:QS M<@.8WA]7V:,?%*6:- 0IPMZPA@.3X^>&3+%?34$%0S>NFV^<-0V[AK+&15= MDF6?XD9QKYS83/>IPQ M?$XK[Q44$H:AJQ@.+;.?(?#YJ^1N4GJDS:,]MU=L5_+C6TXN@%/)];U/GA M RV0?K;[ZG\!4$L#!!0 ( +IV#5%0541A$ 0 .@( 8 >&PO=V]R M:W-H965T&ULI59+<]LV$+[K5^PHGIX4D:+LQ$EDS?C5:=KQ M8RRW/71Z@(B5B!H$6 "4K'^?7? 1R:E]Z<$6".Y^^^WNAP5G6^N>?($8X+G4 MQI\-BQ"JSTGB\P)+X<>V0D-O5M:5(M"C6R>^M#-X[\'59"K>[0&VW9\/)L-MX4.LB\$8RGU5BC0L,OU?WCIZ2'D6J M$HU7UH##U=GP?/+YXICMH\$?"K=^;PVBUN'!;G_!-I\3 MQLNM]O$_;!O;*1GGM0^V;)V)0:E,\RN>VSKL.9RFKSADK4,6>3>!(LLK$<1\ MYNP6'%L3&B]BJM&;R"G#35D$1V\5^87Y(MC\"2YM25WV@@LU2P+A\MLD;S$N M&HSL%8P/<&--*#Q<&XGRT#\A/CVIK"-UD;T)^&MMQC!-1Y"E6?H&WK1/ MG6:3R1=8/-Y=_@:7=S?WU[>+\\>O=[=P53MEUA *I#^'"&53?>3JPXUP>0'3 M"1=O\FDT8#-F),P.Q%8XMLE.1FF:@B^$0P]V!7M&,?#'+QYR6Q(P^)A3L" , M10@J[&!;6*B!Q(".U$OV;+,2RL%&Z!J[X"^# M+1&.)F/B6*%K>,:S)X&,V+[9JAQ%9@CB)HA;KJK86KM:8:P1O5+!#P[0A9$T M37(;*]%L-=#YODJ4@34:=$)'!R&)O6*E\! !?&;+IG9'*=!L?-D.)JZL;+LR M($5CK^B(&+L35T?-QE';E0[,J^?#SKZ&03VL, XWO1LQM6JH1"4G[&!6H!4!N]KE&,X[V4B":-;KY1NE*@\ ML:BL"Y21UAT4W1(;96NO=[!VU!^B0*W%LM)VA^A'W"=JH*.55-228'G)B;6B MZE3&V\KDFC)JA7^H8,Z)$J%DQ=)N< 1;)'7DPN0T_24L=W'X6S-H>5]8.@>< MQ%47EG5U2Z[EDO269>WA 20AQ.+ M@]"?)Y'GKHY=8,D=B&VK2#"D8:J'QQ X22'_H>'/B<6S)ZF79$EJK(22[Y5Y MGXM*!59G[,P!O:Y=/PKF"O.8XJ"?#_M4J?>26M\QA1^9CO]K2"9[MT^);AWO M6)X?M0G-1=3O]M?X>7-[?3=OO@%H>*V5\:!Q1:[I^./)$%QSKS8/P5;Q+EO: M0#=C7!;T*8*.#>C]RMK0/7" _N-F_@U02P,$% @ NG8-4<-/!O^$!P MD!( !D !X;"]W;W)K&ULK5AM;]O($?[.7S%P MW>(.X$D416;,TY6QW]Q22@_/5:G=V<'2^_K7X=#E2UD)-S"UU'BR,+82'A_M MT]#55HJ"A:IRF";)9%@)I0_.3_G=G3T_-8TOE99W%EQ35<*N+V1I5F<'HX/- MBWOUM/3T8GA^6HLG^2#]/^H[BT_#3DNA*JF=,AJL7)P=S$:_7F1TGR_\4\F5 MZ_T&BF1NS#=Z^%R<'23DD"QE[DF#P/^^RTM9EJ0(W?BCU7G0F23!_N^-]H\< M.\8R%TY>FO)W5?CEV<'T JY$$WI[\WJDVSC.2)]N2D=_PNK<'>,E_/&>5.U MPNA!I73X7SRW>>@)3),W!-)6(&6_@R'V\DIX<7YJS0HLW49M](-#96ET3FDJ MRH.W>*I0SI_?RU)X6<"=L'X-CU9H)SA?[G3H43_=&N:MKHN@*WU#UP2^&NV7 M#JYU(8M=^2'ZU3F7;IR[2-]5^*71 Q@G,:1)FKRC;]P%.V9]X_\Y6/CW;.Z\ MQ:?_O&,GZ^QD;"?[OR3U?5TWMX_7D,'?_C)-1Z,/<'_]V^SQ^@KN9O>/_X+' M^]G-P^SR\?/MS0-\M0/X(BKIX':%71.#7TI8F :+84'H G*LCC4E6GB*$%CY MMZ4IZV*!,(+OHFQ(941R;UHG#!;22XN\1V4P M,)=02D=P0""2++G$ 95*S%6IL-W,*MP-*=>.'4#-QLJ0'&\((>Q@$34U.KL3 M(:LCTPAC8XN ?H%/11,&21MNT9 JZ#>2R'-L-\]E1 >5SG%..KXFBD*1-%HF M0/RB] :K4:N(=-J6.&HF#BU\8^6FX?R61N GAV"Y,5["!'."@_7GD.9&BP;M M2.[U LM-"5<:>TBA8>=1.=7$19@/FHL8%W5EFGRX>A4-'R#C;#.[6JI\R:DY MS+))/$VS .6CZ3A.IAFA90>K?'HE7PW7_=-W^H09+;IMWYS,<.J>4,5&)_$Z704'X^.HM!M5,C< M5-C;(LCV/=$0FP[VH3RGEHHE.MB$V4)+7<06#![#M'^@VBB?O Q3+C3 M>FP4=T2R!:'K)VFO6VA6($;_:%0A&$*=GWA*2%%NYU6TZ<,RLJI+LZ;&V+:(PQ74+^$* M+5\-X-Y@?O ==CV5&SG:J4*V),>3'*X[=>T@CZ-/PE*(UP/XU/A\J72G((A\ M[$AI(\+Z^KVT<__ULA!( ,>#4*5K$XA4NXTBHD;G]8>JR60Y#60)/V%6*N7Y M6LNBI88AVG"@%3R8:#.-V,#"U-\0L)6H*7$7GHY2/:3JND4]H*8FD0+IL M2]NE'%$R8Y$78YTAD^>6YG5G&9.-?UT0JIGG0HAOU S+B[Q,5!S6V53,%A>NT0)V(PI^5S3C'&TN/G]XR>:HR":!/X3 MY:W@D7:)HL"+9\G-Q[Y7/$PY^^,X38^"BZ)T)OBY\6WC3J"/G0Q%VPRU>T ( M79L@C)[XQ/=GS/.#L<)R=QEF5A9VY](J5"1_MJ!2U1 MS07. /09M4P""-]/\C;,Z)6[;0Q_>HUL 9!.LWB2C=LQ?CR)TRQ[,9_#6;)K M(?J1A=%)Z!0TTJ&I!0DM2G5T#RK8NAZ-XFB116.+CR5ZY%^W64@SCN;7?[C-; MQR2/@863A!2D'^>!1M=> +6:HO8/K+#<(J;]!GZ#?7_$#GM?"2IIG_A;"-$= MZ@H?#+JWW>>66?C*L+T>OM5\%?:)O"[E D63P?'1 =CP_2,\>%/S-X>Y\=Y4 M_',I!XCU/E_ 5!+ P04 " "Z=@U1LN4&D=8$ 0 M"P &0 'AL+W=OT,]NJJOI@D@.QUHFSMC,,_?4]QPF!I3.H?0''/I?O M.S=[MM7FBTT0';RD*K/S1N)P]F,=.%4S+#!P.V2%-A=C>H]';>"!O[C4]RDSC>Z"QF MN=C@([K/^8.AKTYM)98I9E;J# RNYXUE>'TS8'DO\)O$K3U: S-9:?V%/WZ. MYXTN T*%D6,+@OZ>\1:58D,$XVMELU&[9,7C]=[Z.\^=N*R$Q5NM?I>Q2^:- M20-B7(M"N4]Z^Q-6?(9L+]+*^E_8EK(A"4>%=3JME E!*K/R7[Q4<3A2F'3? M4.A5"CV/NW3D4=X))Q8SH[=@6)JL\<)3]=H$3F:[PV]$7S0F4LLW&D>AO##=Y->&/X([^^7C_>/L+2@UT#!P#H8+7 )PJU.*L034E2 @TKE$0V+"04J58+U&;O2SY.;Q)I>/G\E:.+KJ]F";R"BAEOI: M2(+CA0U&>I-)WRDD+O29D]FF5&*9P&E@&=XHJ!B, MVO&YQQ=7F@R3S_TF.#0IE;E+0+"S-4FX6@64%"NII-NUX6..1AP=X0O-(OJ7 M=H_W;XP#[FW@)'O$''ON4Y+1SWCJM@UWA=G#=XE!XI;%8.4+I&4](]?SN02P M9\,RS4&OS]I!MVC?YNAGC-JUO-5F.!C5U/^;LW#Z+T/$XXTPE&F4-I!9 MI JV)#/88$;2RGL2,4T,R:%A:WL]KI\J6Z*(I2.]2!.0C/-EG7!(0]?YHJD\ M4PFU7ZM,[^0.(TQ7:()^N&=0&4^U<9RA5VJ)$VAI<#*IM='I49JVQ+@Y;$W# M:1G$46LX'+X6WH/*OF0DVF"+!EFIVQ]YJ5%K-#G)3AN>CO))7$F%8T>%S 5Y M$NVZQ78T=Z.$RXMK-^"]E"(5^7!!3'&K Q16R2P]^7JGHP-@*LY1=U\$OA,R M3>EQU65''E?%[HKNT$,3 _5VE?XL]G8#KZ]VU78N=F7>! <@'$R_I5DXBA G M@RA2O1B/FNIDI0U-0:;+EQO#'+>'WP/%(D8&SGS+:>);'YZ%*K!B$YQT+.=6 M1U)P27E6+B&FU73RLE5 Q$I1D_*+P+=3%DE5S2&:(-)&NJ"DQ,&Z< 61X2). MB_24YP5)YDKLR-EJ!SL4QB=PTX43= M-ZRF\ 2GAT>E=C2#SG742BAV"?Z.MKZ?3]KH.OA\S-K?,L$?S.>AXAKG,Q,[+'["^A"9/I-*#C$,+6>-+G9>^P[!^6 Q@/^L$34Z0.F4Y# M\FKM]4F6]Z#@8CHSQLE$-F_^%T[M\\*^WH!>67"3U9T; G:^U M=OL/=E _@A?_ %!+ P04 " "Z=@U1ET)QN4P& "$#P &0 'AL+W=O MJMKDLQ;5FIBX*KA].1:Y6Q[VHUVY\ELO,TL;PY*CB2W$C[)?J M6F,U[%!268C22%4R+1;'O5GTYG1,]([@=RE69N.;D25SI;[1XB(][H6DD,A% M8@F!X^].O!-Y3D!0XWN#V>M$$N/F=XO^WMD.6^;CH046[0R3 MAN_4\\7/\.VS3ZJTF6'G92K2Q_Q#Z- I$K>*G,8[ 3_6Y8"-PCZ+PSC<@3?J M#!LYO-%.P]B?L[FQ&K'_:P?FN,,<.\SQ?W;6;K[+J]MSML_VV/EO7RYN_V W M0DMAV(Q=(P6%UB)E-U8EW]A5R3YQG60LVO>.Z#.;"?9.%14O'QA'-<#;3%H3 MS+2520X4M6 79:)TI33WB6[80N8@6TF;.?X;D6AA47-$?&.Y%?3Q]4$AH9;, M*J2QD"5I1=VHK>O M&_'/F MA'.+<*8"K[MBX8VQM6#]@43\,0V8RKCV]QPVVX&H84MM,:?DWN>N) M&0-VNTNO#(K=*4O.T535A@E$_H[GHK3D+IMI(9A%=YR5&HE=*N[ M/TE442 PC56U-9:7*=%RRRBNA/03*I60K'EI<-#HU:>]1)5W0E.7##9V4WDG M4Z0+5A!&.[F$$:G/$>]J42:0BZ2;55KF+-Z6<]*8&EI\Y&3LU0KM^$DQI.05=#?<;.JUJ;FK5,%KH:Y2;2L?!XOX65DO/6N\:Y\A.3T M6,$S6J 4!F!RR@(KWW/;V#3FMB]_S.5IY#/DT35I76^X252!!6"YMYR\#25 MA$ 2N4SWD$()KR1IT( 1E18YDBD%B4:K04G46@1MY"E2W*OQRB!=+A7*9_QZ M0)ZE;.@JOG%^M,7[5$;1P5O#3A77*4&?2=AJE2:;32)=.^#/^,TW@,W(H:P= M//R>9&0N$.,)N?&'D&[3P6=Q8-9A;4+2@FW$IC\!)&79G52UR=&ZJDJK.R@[ M?W#@SB#VR""H?B824."?*1ADZ^[C/+F.W9? M34YWXMKNO%0D.?^I<" J:Q=(N"X ML2L3N%ZRY0"H+7[T+ZQ4-MBKZ)HCBX2@:1H?L%U1!"9^=M3;<>.1F/]@L MS%:]2U0/>]%2HKGM@;M==D SIP.6P6:U'1YTE34=#Z;[$(18QKC;P\,IBZ)I M]]T-S&11\^]W@T\2M2MR]EX9,N%@TK*0*&@W#L?L,')_?C/X(#BQSV(I:;QT?=<-5NO["D-7K:$/TH$L/[^'H\NEDUJ@ M>(DCI3[MTYUDLTYVL)8M.GT4#8?"[>K\V#=04XU?Z#HP MF&K:_E!YO_$ /I&ZW M>V+._,MJ3>[?IQC,$7W#&PO M=V]R:W-H965TTV9XA)!+8??OV[2[ ::/TLRD0 M+;R40IJ+H+"V.@M#DQ18,C-2%4K:R90NF:57G8>FTLA2[U2*,(ZBX[!D7 :S MJ5];ZME4U59PB4L-IBY+IM>7*%1S$8R#S<(#SPOK%L+9M&(Y/J+]LUIJ>@M[ ME)27* U7$C1F%\%\?'9YZ.R]P5\<&[/S#"Z3E5+/[N4FO0@B1P@%)M8A,/K[ M&Z]0" =$-+YWF$$?TCGN/F_0/_G<*9<5,WBEQ#>>VN(B. T@Q8S5PCZHYC-V M^1PYO$0)XW^A:6WC*("D-E:5G3,Q*+EL_]E+I\..P^E;#G'G$'O>;2#/\@]F MV6RJ50/:61.:>_"I>F\BQZ4KRJ/5M,O)S\Z^\L0I+'.8YQJ1Y+;3T!*PVPZ3 M#N2R!8G? #F&6R5M86 A4TSW_4,BU+.*-ZPNXWKA_]/N?9"[^Z<%G,!O'T[C\?@X>;^ZN87[] ML%C<+NZ>X%["O-)<0#QN%1F"+1"N5%DQN08*BQI3X-*J@=MH>>&6%?64+>!1 M91:>,"G *L"71-2&!D*L0;3V0^HK_4SG ),II-Q8S5>UQ:V?YWAR;N":YVRU M=EN"K5%[AV_SA^7OUP-#Q@W3" >.B?.(H_..4.I1I!(J7_N=\?E'[YO5FJPU M31/Q495?2U19HDXX$_P?=/E20AMP0^]:U7E!IXR7@B9?I"/XPDHT@_N&@K42 M)=266@GA:D2CE#P72J042&6["@Y!-=)L\QS!LM:F9B0<*>4,2>#2;+Q^DG>O M' /FEE/G6;$U,,^!XKLRB+YA,D0']\OQ432,H@CH= 5D5)HNAFV44Z!2DOQ\ MY)^K8'LQA]Z?44S+Q,#ACH>3:(N\PWJW!B-XZC1ZE=\*B0%IG=;H*T+IL)4@ MWI)ZIB9J'A>9%MQ+>@8'_*-;&R1">11BPNC@S4F1G-DVXSBB8XPJ0NY<@J1V M2UC%B3?M9J@[MQU!^WQ] 8'2.> 4IRE0OFJ6U&4MF#OK!P[=,$$Y9%J5;\E M=PLI3T8[W$;PJ>W)_5$KF(%_UU>K-1.64+H,3W[UUT1*.OEIW)+8[Y_4E]2U MEGYJW&>>WP#'1_UJ?YO/VTML:]Y^"MPRG7.:2($9N4:CDZ, ='N]MB]65?Y*6RE+^?O' M@KY(4#L#VL^4LIL7%Z#_QIG] %!+ P04 " "Z=@U1TNHK7%T" 8!0 M&0 'AL+W=O]7$#YOL>ND M75$D ?(UM 72%FFW'88=%)NVA>K#D^2Y_?>E9-?-@#4#=K$EDN^13R(U;;5Y MM!6B@R3!5(KKH_>^K/X0!PGKP#2'M &NKN$H4JU\RQ M^=3H%HR/)C:_"%(#FHKCRE_*O3/DY81S\Y66DCLZ96>GL2-";XZS'KSLP.D[ MX#/8:N4J"QN58_XG/J9"AFK2UVJ6Z5'"ZT:-8)Q\A#1)DR-\XT'=./"-_ZT. MF,IA1>5R5:+*.%I8S3DNF1&BQPV([AL7%9QBMAA@0:Z]KD*+ M'_ M(7M+R++,-!3&+.@"Z IQN,+1WTXS/NA6B:8,,VDA\TF[QAVLP]@ONFY_ M"^_>C"TSI55D"J83;SO1L\FU-A2*KS1 M8)JJ$OIUCB6UT^ PV#IN95Y8YPAGDUKDN$)[7]]HML*>)945*B-)@<9L&IP? MGLW'+M\G/$ALS7"5KHD=G?$FG0>0$88F)=0R"/\^XP+)T1"SC:<,9]$URX], MDL98JC9@5E!)U7W%R^8_[ !.HC< \080>]W=05[E1V'%;**I!>VRF MS>*D-&H(8RB <11'.WA&_4UCCS?Z%]KA._G:V,UWX@? M>^C'/?W8TX__YQ?NI[BZOEO"*;R'U?U\M?QZO[RZ@^4#KROX4_RE'L*%J-# M=H!9-1PNW@C M5 H)-U!3R;)RX"N7/!94FN#]Z-3@?CT8BG>JOSP!)P M"[%O(>=K:O+"XU)AL>.5AJ>Z)FV'?VM"N'.G*]2YGUS#2AMEN^O=>_O'X;R; MB5_IWAN6CO#4NTG9$V6Y\UO"W[@4+L$CF=$=FNX M _HG<_834$L#!!0 ( +IV#5%0/)A)7!8 #1" 9 >&PO=V]R:W-H M965TO/M\;&?K_0Z]V.[T16>+*Q;YS6^NN6QWSB=%SQI71Y/ M3T[.C]>YJ9Z\?L6_?72O7]FF+DVE/SKEF_4Z=_=O=&FWWS^9/(D_?#++54T_ M'+]^MT-?WA??/SDABG2IYS4MD>._6WVERY)6 AU_AD6?I#UI8O=S7/T'/CP. M,\N]OK+E[Z:H5]\_>?E$%7J1-V7]R6Y_TN% SVF]N2T]_ZNV,O;\[(F:-[ZV MZS 9%*Q-)?_G=X$1G0DO3QZ8, T3IDRW;,14OLWK_/4K9[?*T6BL1A_XJ#P; MQ)F*I')=.SPUF%>_OA9I*+M0UV99F869YU6M+N=SVU2UJ9;JHRW-W&BOGL5/ MW[PZKK$U+7 \#]N\D6VF#VQSKGZV5;WRZEU5Z*(__Q@D)[JGD>XWTX,+_JNI MQNKT9*2F)].3 ^N=)CZ<\GJG#ZPW=.#_NYSYVD%O_O_ !F=I@S/>X.R!#=[D MWGAB\T>GO:[JG)1RB)%_8QGUZTI#O^=VOSI#4^5-86I=J+D%QRN/3PM3 MY=7'IU,:,]/>MF4 MLN/UT?_2+S4VOM;SQIF:./;N;K[*JZ565W:]-IY-]]G__-?+Z?3DN^MW5_QI M\MTWX^R2MP&EY?U(S;6KX3^PO7@9MM:J4)6MM2J,GY?6-S@N?L#CLKS'R'G9 M%$)Q.I;J'.O0D9:ZTHZ6R?!$;XA)>2O]CSSM?KQ\O)C/)U:Y;=:S;2N.LRW3MFUJ6FA3>-\ R/+:@MG.%\IU]!N M=&*7&.S'ZB>[U;?:C9B(*Y$MEBT-?O7X,:_Y29=!7;[@F=>/4X2\T'\V^$6! MLG5^HWG]KE0VHG2:90-WY$L$ G!MS!IX<*^N="*9&9,)?2[LO*%''=8E"5J1 M@L_7FOPO1N>>?\FKJL&Z0SN,F)M8W3;@^\94(890+% 0/4[Z!WRKC,VV*P,I M!**"DF$TM-J11G3&JDK/M??D,,$4E:M%;ESDBK!H0.&"?C!-L(*NE&D9<*&& M0JT'3R*0DBMYB MY_5,.W4Z$9KX1%W-S+Z@+7YEF[* 5BB"'<1@3/BCJ22L,X=9'8+N#:Y!K*)! MY%(\J7>]LJ"A'9'%,SQ,^N1"B:9LH8 +4V)$VIS$"F)^SAV>3T_#20^$C>=6); M0@5IOWA\HMLWBP4%=ZBO@QNM&M$&7>6SD@*A79@ZGYD2-([5)7O[GD'UG?$* MZIBSO3=KLFAL $"(]6M,S)Z^&%U,SD9GI\^9H:N<'1^<"@4<6&2MX+9YBZ?G M%Z>CZ?-),J3#5@W*"H@!9Z0HUB,I(Y(JO13SGN=^I18 WM!79]<=WO"ND[.+ MT?3D^5?NFFPH;$7A;O+B.\^PFZ61;\"\,H,/Z4_3P2&7@;3JZ A59-""CPT!VB!"ASKVL7.D[?-CJ\E9G@8L+6X+YM!L' M4D]A?QZ]KM=?L*+H*!= H-9YY7)#+@L.N 9ZH+&%;6:DR,N!PG- [.+$H*S320A:<(>_:[B%$YDD_HU90R++-08(BDT M.!*XB9^Q:$V6O\0:3H>@NS*;@! $@5%H7#2$*_4=HC[\#U'0U\(Q?'M2*P.V M;!QRW !+@,3Z$:<&I^ M0VO"2I!:DN/U%BB+=@$Y4--]/L002&MGI;DA%K"?S8$8"<;D!*X 6Z$%&L(! MW@K6'&Z,)OFL2 MD'.<*^5KPOY>!2\H7P>F9IA:&EG:1#FN*>L/^"PBE3Y>I[.R"+]@@#_&M&1T MR-M17"-0!S?P!S$7J\*U-@Q30%_T%4P;J6 N,B!!=OVEX#TZ8\MUD@1;[5A= MLW:&M0+O1:VQ=T8"(8VI6:5&@?&R9%":=>YN-.\%);"NYBB;UYQ-J\9#/=B! MTE!O%_66CV3+A@\H*[:&J;TP.L9W8D0YE M?@=@XWF"C><'H1W9V'LH$)G?0EU]^.W]VR/@UP^5>A,)_) V'$*._^#RZGT" MQ@E!_6X=#.4GG9? @1_<,J_,7V)DA8;5D;-*J\)22CNC6 ">ZC4\N:3*THY;>.->J(,K)\ACH.@20.':*9O69(:T M%!'(<:L3 1.N9(0;W1X%U9X-G"#&W&R(/+B1=L^^KLI!$OV!Y)Z@VD#?)SS1!S<5$)?VPI!BG)&, MI,X<%P79 !0X8^-'(0H1I)[GC6= /7.6LD/90S2&CBC>*WB]VIEYP+\@PD&. M)=/X9Y,[.C"@X"94_[)-0V$' F/G02*-%(=BS9(B317J#>M\/PZVHDF!D.H1 M<9FQ^CVQOV52G)2%D\P8-O'DV7WR*@]RG.B845&(L"O%I)JQ!_'9D[7,. 4 )V01H44(O0K"@[K$-EA.$=)5#U(:T,@*OK#ZJT M;/(./15(\KS-RX:C&3DUT.=K.[\99SMG8=>@19"VM-429"% Z@V&RQ'!41.."DE%;'FJM,NK#[(&];!PAC4!2T2S$7H@50W(MB ;65J M!ZMF]+TM%(NBL3@Y6@S.4;&^3!)[^("'ZVV1Q*Q#8BJ\T"!]MZ%E/'FTF,+* M)"[&%S5JFIJRH&ZR1NL.5 M=S%PSR:D6-A4YL^&%9E,P%0%7(<+,"'<*;36V"X$CU1GQK=F%6L11'#<-V)M MH4X"2;43-]HS"+KGH>RYZ6ZSRQ]"&1WF]!B J$,<%QMF,4,>^+ M/C*96Z%Q/,YI\[NN G-!/GE3=J-";L;@O_*\PB&W\C*YE9<'G<(/M--O<:Z!_9,'M@0W9:>TEO\B$A7T+\IL0JXQME2=*H M4C:*NN$YH)I;\NF='S?Y??K%4<$HVK681R%VP^)8V;*@(+Y!#+M+\0 DL^@D M^F8BP:Z>47+MZB,*\A1BFPY$]G1)E7C0Q_>%D;NJ8%+W^%(=M2XK: Y.N9O9 M"C*"K694 BW!!E&ZE=JO%?/:]6X1#RG>1E._BH"Y<029#&O3E63WN MP'(]4B)R/%P.I9H'?:#P=,MYKR<8EJHO)3MY%O3*+%=P!27?(6#$K4[&3K7] M("(C-Z9R7Q6JHL1LAK^@A. >7U'M[1MKLUEB)N8]BI>3D[8'XN0@7SY)1%*? MX+F6E7GH9O[QJ_28[>3WO[2/(9#](D=BP+DL0GFX;$-ZO[2V8&YY[6X-50Z) M5P*N(.-Y4U6RD_M!FE7W#]=1G6 M1?2)E_ER/T A<(^DL?J!OM70#NRXT-KW\5^\>?'=,>GX,V+*TOB::[B9SI$C MQ'%,/0!6S$+CX6"^Q'BIS3F+\-;4L-N_(C355_EZTS RK>FVB=3,M!PGJ)F[ M2DR:KU*!6;FJU%L88>5&^Y#ZA:PHNK8.4@E7H! C)Q-@!:?.'(TI3G*Q2!Q2 MET MW&G")Y5M@VKD%I=7APY MJU89B$,OP1CFT'3T_.)74;U/3T_2V$-3RL<]&N$]88<;"B M*U)60Q(LWVA2R3^M&F_&- ,/ UTMQHE+66?/+3F]IV+?=,5,FKI[O3N(QW9- M]!F['0J6Y!X@ K.< M*G!YN)XEX&SJ1BI,Q >""& G$S Y.?GOG?:+5*P;%'N5O,7!RLUDVAK:]*") M7',")UT"5YT$;M#:_MY2BA\<2:[131)#S*=34IG#NI!(!E?:;3I(K9"(@_I( M]O@H45?]:C=\@:TNKZ_4B\G+4 M-)2#7@8LI3 Z45%+!T=<4*>(-5$BPL!15 M$-H (F*1:-!#B^[6E+]^XAK/?T4FJ,&C3\HT+;-=G)Z4 J_Z%K] MF]I>/D+CKZ38R5P;E.A7KK7966L'=F_X C(UW-!HS\-ZO7H9YRTD))'8]/SD M: +K"DV>[^!IV3W2=-YE'!H^2:WL7OEHSIMHC:0Z0I\ZTI>?\#I'FS!B5.JOVS MH8- >?2F;CMH$.LM=PO0_2W?#CO-FM1)%+D?)I':[08)M KQO.8VE;PROD_K MG$"9Q<[M2'\^>3>>0ZTU(0R&*0_NR6&B(,; .OI8.8L_PXI22S/6' E(AO'0 M)3CS2&SN(>[6H5_UH,FTC>.3PRW?[P42_YK?#=>N'S$=P28@_("S=ZIGO9*Q MH]MJJ:["V5A'"%K*BIK[6##/PDG5L0^R^VRFZRT)YD%OQG@?F\]B/_LP%:,, MD39588)5Z"KGPBW-Y^0RWB^)NFZDK$OZS"8>JJB<:TNUJ$LIQ2OGH0EOARN* M60]F.YV:0@(:#SUKG/I51^$KWS5IT>%F$]O;]AI16%&'*U V' E#[C-)PQXD ML3>38%&0H?.RH ]U12(C,.-M -#M*AYV/A14 ?Z^,/E]=O M,@[99Q0'8AAHVV*ID5IUC2N&@V?MK&_:BXANF"=0Y\G50['7?C73.PI;H3?C--+>=Y45%B_ MO/Y,7#X_.IF.8Q<.X0X9(["G+138_@#E"' F6]2D9&GW6VXH9-Z-T-#^J&-IK\>L42S/0E?U M)C5NML6OGD299UED4- [&6>D:S:PA*ZCA#CH"5UX\LS0TYL2(O![TO*[OUQU M:TMI*->DAT)5P<>>UYFA0EB,J;"3D7HV;5?:8OA,O-DJ6)IT ::.;NH2*GO>WY%JRW>9#CT+I] Z50/0^W MSWLW"56/2Q2LN98?] TKV(K;\6/&:5+K[BV_A%,51WE)=8J-(U/G/F6ZZ:.2 M5:NXL8X]5L$A]A0*4ZEF8J/U9\GZ^=6V7B(?/>65>GDF08K3@JX)$E[X/7 L M6BD][X7.GK?L C*BKX<WF!V?$=L&^/?P?_)=.^B;,>+*_CC+.SF='C[ MK"]6HB2X\!?71+!EGDPV1"XL$)M;P+9%1H0T\-M1+1R(UZM692_V4456;$$DX-:4UX:]F MUCEY%8/&]VL?O?=.4V8>'!"'"WK"/AR:'C4S1(I]-@06M-JZ*[YP-[Y[R4&7 MRO2V NL45VM#>'&X8_J3[46<8!3URC2ZVWLNMQ!V$$GCH=NB\E\:])H(A2/@Q@V#0VGV? M,[Z$L[N%%!\JV^G1:=_H5%5SB6H.IBH+I_0J%VBV"?G#8N./YUKJ-<#DO M68[W:!_+M:95V*)DO$!IN)*@<;,(KOJSU=#%^X!O''?FR :G)%'JR2T^9XL@ M;08P[?P;RGWL@J@: V<%/92B/< M#YEPP>Z%%D*ML<,DCWLD6E@,@,N/1#+ MU9EG*@3-A65QG%CPI4$_[ -,.-.FEX&MB]CUGD\5NV/O?/# MZ3F>ZIEK?B,N!KD8WJ)PRPG/J>W &D^FT0^X^],\O)P-GQJ_FX-4P^L!>\MTSJ4A AM*C2XN1P'H>FC5"ZM*/R@2 M96GL>'-+&ULC57;;MLX$'WW5PQ4 M[&(+>"WJ8EM.;0-.TJ(-D#:HL]N'11]H:6P)H4B7I.KF[SND9,5%$V,?;)(S M<\ZCE7C165Q#L-IJEKKA\O4:C#(HB"H^%SM2NM,X3+ M^9[O<(WVG_V=IE78LQ15C=)42H+&[2)811>7J8OW ?]6># GNGK'CRY4P_A\.;>PX"2!OC%5U!R8%=27;D?_H]N$$D+$7 M '$'B+WN-I%7>AM%(Q#4%JY4 M7=/U6EN5/Y1*%*@-7%??JP)E =>8"ZZYNX#/;>WY+/,"4ZF" M"P&6/)1WS^7CGZ^R.)J^,0-S*H!TY:TN;P9.6AQ(-O4&M7.;DFLT4*(H8/,( MR/.2TM K1Q_,MY;B'.07GJ(K[&(0Q6$2A=$,_H!/!XG%4\WKEKFS#Y[;GX^\ M1GAUC+S3^#>AC\N>:.4UT')P0_&&^*@9P&PZ9(RY'V3I*)M0HC@:QM%DR&89 M1%'6SSOWX O2T7,-']'Z9@?1$T5$,5.B2(93A\S&=.WZ:><EUQ" MU '9B,W:U-DTAJ@;6^O@MLI+C@+>*>-*F(Z/$)>*U*4LA5GDA]8X>(^<-EO# M2E*.<9\B=?%L.$LF,&F'UCBX4:6D)[<3[K#^!_^]LES0[J3#Y%@Y(Q=S)8R? M=B.9_>9_[KF$)PVG1KWS;=7056FD;7M/;^T[]ZIM6$_A;=N_Y7I7T;$*W!*4 MC:;C '3;2MN%57O?OC;*4C/TTY*^/JA= /FW2MGCPB7HOV?+GU!+ P04 M" "Z=@U1K4G(8I\$ !T$P &0 'AL+W=OOG:0A@'$96E4JB7//\?&]U_:U^UO*GOD*8P%^Y%G!!]9*B/6U;?-DA7/$ MK^@:%_++@K(<"?G*EC9?,XS2"I1GMNLXH9TC4EC#?M7VP(9]6HJ,%/B! 5[F M.6+_W.*,;@<6M%X:'LER)52#/>ROT1(_8?%U_<#DF]VRI"3'!2>T PO!M8- MO)[!4 $JBS\)WO+.,U!#F5/ZK%Y^2P>6HQ3A#"="42#YL\$CG&6*2>KXWI!: M;9\*V'U^89]4@Y>#F2..1S3[1E*Q&EB1!5*\0&4F'NEVAIL!!8HOH1FO_H-M M8^M8("FYH'D#E@IR4M2_Z$?CB Y \N@!;@-P#P'^"8#7 +QS 7X#\,\%! T@ M.'<,80,(S^VAUP!ZYP*B!A!5T:W#4<5RC 0:]AG= J:L)9MZJ!*B0LL0DD+E M[I-@\BN1.#%\JG,6T 5X(LN"+$B""@%NDH26A2#%$CS0C"0$<_!AC 4B&0=? M$&-(I=Q'\!E\?1J##[]\[-M"JE&<=M+T?%OW[)[HV0/WM! K#NZ*%*<:_,2, M#PUX6WJA=87[XHI;UTCX>UE< <_Y!%S'=31Z1F;X/6(2#D_"QV?W#F,-_.[L MWK7PR=O&/GV;^)D9/L;)*?%[D?3:I/8J/O\$G\S>,B\S)'"JUC&9OD*7GS5) M6)&H-7XS_-R+H>][0=_>='UWKN%,9^C"*(S\UG!O0'X[(-\XH"]R$\LHY[I1 MU,B@VZ<'8>#W]K6-_&-M7@1[CK]O-];8N1%T0F??[DYG%SM^&!XX3Z,OC#TW M@/MV4PU?T(.!&^I=%[2N"UYQW;):JT""^ HLY%[-P8+1',CM7ZUBM-!Y=1(< MJX9^[#H'$9]J[&(O]".]Z+ 5'1I%?Y/[O5I[$[0F F6ZL(<:@9XC_^(#_Y]A MN*>QUVKL&36.E#_Q]Y)L4(8+HX M*#$@LE TZKB-CW2X_F$V'=OX\8EDA\ZN!G%>45M+9#O5U13EHDQE:DG=Z6O: MFQZZPJ*.L'II:XRZ:TSO:(0:)C>(#U:UJ8;*]?P3:Q7L5&/PM9U+U5U@][)S'!W_G"-_GA@=$.J@ERWY6[,@>:ZYPS0]TLM?Q-\=V5,=!7(&M7VITCNW3[LKJ^X:":A_5!IVUMKXANJHN1@_9;>'T'->T3 M>#VM+X!V]/5]E#PJ+DG!0887LBOGJB<3B]57//6+H.OJPF!.A&PO=V]R:W-H965TKV8=H'!RX!%6-FFZ3[]SL;0I.6T$C=%[#-/<\]YSOL&^ZX>)0Q M@")/+,WDR(J5R@>V+<,8&)67/(<,OZRY8%3A5&QLF0N@D0&QU/8:'2)(,[063!&!5_)Y#RW?6%BQUA65,*4IS^32,4CZXM%(EC3(E7W?/<5 MJGAZFB_DJ31/LBMMNU<6"0NI.*O J( E6?FF3]4^' "0IQG@50#O):![ M"I M )US =T*T#U74J\"],[UX%< _UQ OP*8[-OE[IK4S*BBP5#P'1':&MGTP.37 MH#$C2:8K<:D$?DT0IX*EXN$CF7*&I2VIJ8Z+&2B:I)+<4B&HKI2/Y#-Y6,[( MQ8>/0UNA5XVUP\K#I/3@G?#0(3<\4[$D\RR"J $_;\?[+7@;HZU#]O8A3[Q6 MPN]%=DDZSB?B.9[3H&=Z-MR]:H#/VN$W5"#NOH[AZYS@.ZJ[>TBI@@B+42I)?HU74@D\J7ZW^.G6?KK&3_>$G]N"K4 0 MOB8A9PQ]25/V=$=%X=.G^3;P>HZ#.[YMD-&K9?1:92QC*H#D(@FA MZ3\JP?Z!3[?V5]9&F\61(K]6Y+_6JW6S,39W[(OUB3N8N0WKP M*'N)9_JRL\'3;Y-DDJ2P1E?.91\K6I3=0CE1/#>7U8HKO/K,,,8&"X0VP.]K MSM5^HAW4+5OP#U!+ P04 " "Z=@U1,,N2V^<% "M&P &0 'AL+W=O MY5[>WNP^D>3# EVB3.VDYII?OQ9X>0 $Z,>ST>(('YQC/.Y/MFR/F&\1]B M3:D$SVF2B8O>6LK\;# 0T9JF1/193C/URXKQE$AURA\'(N>4+$M0F@R0YX6# ME,19;W)>?G?')^>LD$F0\)X_T M@]2W@VQX$&E!;?8KH1>\= I[)@[(<^N5U> M]#P=$4UH)+4+HCZ>Z!5-$NU)Q?&S.=]^LR>97,@@AZQ9+O\5*N M+WJC'EC2%2D2><\V-[1*J PP8HDHW\&FLO5Z("J$9&D%5A&D<;;]),_51NP! MH-\!0!4 N0)P!<"N +\"^*Z H ($KH"P H2N@&$%&+H"1A5@Y H85X"Q*P!Z MNROGE16TO>1EO4R)))-SSC: :WOE3Q^415?B59G$F;X_'B17O\8*)R?W-"&2 M+L$=X?(%_,E))DA9N0*\FU))XD2 +X1SHLOX/?@=?'V8@G>_O#\?2+6Z]C&( MJI4^;%="'2O-BZ0/,/P-( ]Y+?"K4_"L#SR_$SZUPR]SKN"H$SYS6!U[G?!K M9S@M?FN'7]-%'Z#N"S>WPZ$,&ZO[?CA"_F&0'T^:'03IUT'ZUB"_D42%J392K FG L1" M%'39%J9OK(\"3[W:UP_J]0/K^K.?1:R()Z5RS98@SIZHD/KB@ISR2'TJC6X+ MQNXTZ'O>KVW%\&K804YAG5/HT<_UBQ94MZ60NAVV=W,YJ99,,+>J*,Z MAG4F0VLF#R0A/%9E0;)E7IWYAF,/0]/&Q/?52G/K*F?J4D4/58B9Q$ M]**G.E=!^1/M34";=HS,/"'VCDCJHVD%A_#8ZJ;%"J/.NW1<;\;87@?%0M"? MA;XO9T_Z_:_/-%U0_C?X!WRG"R$)!U^H++MZ<,5XSG3#H-K?G9WEKH)>TZIX MUBB^%-J7"UE]J#SM[T/H;5_M.P'W&B9H9ZQG&A6Z&P*S-$]8*47@\I%3NA4E MEY0;K8-VL;N,(JY2!**Z$5L[%V3DZJM[WR@@1[NY/22GNC[,MA%,:%?,7;:D M4/1)$C6[D2SJ2!J;A>[[9LY.9G-[7/\AY49^H5U_[\@+9TD")'GN2-0W,L 8 MH> X42>S>9N9-_;]#IV C8Q#NW:^6BDJ?R>EHK+;UPKC(INNM%#XQT)A=768 M=R/UT*[UG]58,2>I2OR/CYOU!?:Y?<34^.8:AQ?R")I;8-@BT1B/#8V MJ$4BH>^-QQW9-QH)[2+YNEY\!DUU,D(U3?;[]<,X&_F"=OUR5XZKRM-! &,T M4EK;,0Z@1K^07;_<^D)D2E=K8^AH-Z_L7%M#U @AL@NA@S;=5BX.1BO+U(#V MAD W83PM%;?(U#W8W1*A1JV07:VZ;GW5$^E^*>)Q7O9 =6]P8$%+MKP$=YRN M*.J%J=] M<,]42;CUJ:@A6&0G6"S6">"&[O";YX!;;/*<=7_W_L?ZO]KR6VS^2V7;WX;(L)W('*9Q M;!(8@N84U&+F6R)LB [;B>[R],R"36J#(S- TTIU0,?Q#?;^\M8]:5$;"=K1;1H; K%]F/;!;:^M MA6-GMDOAW\]V0M;2$#+QI;63>YZ[Y^[B\W#+Q9U< RCTD%,F1\Y:J>+4=>5\ M#3F6/5X TV^67.18Z:U8N;(0@!<6E%,W\+S$S3%A3C:TSZY$-N0;10F#*X'D M)L^Q>#P'RK>'ER3U5J9!VXV+/ *;D#=%E="[]R:94%R8))PA@0L1\Z9 M?SKU/0.P%C\(;.7.&ADI,\[OS.;S8N1X)B*@,%>& NN_>Q@#I89)Q_&G(G5J MGP:XNWYBO[#BM9@9EC#F]"=9J/7(Z3MH 4N\H>J:;S]!)2@V?'-.I?U%V](V MBATTWTC%\PJL(\@)*__Q0Y6('8 ?O0 (*D#0%1!6@+ K(*H 45= 7 'BKH"D M B1= 6D%2&VQRNS:TDRPPME0\"T2QEJSF86MKT7KBA!F6O%&"?V6:)S*OH*N MHT1'$U"84(F^82&PZ8YC=()N;R;HZ-WQT%7:D[%WYQ7K>O_X-N\7;_,^;8=/8*[A?A/E(:*/J,"/>HXJB?@2Z7%NCCJV0M1$V11@>M (?C1HSDB_CJ3?(2.$ MS0682#!%,RXTAXE#A],81CMCVHN]]RTY&M21#5IYIL!T0B@Z8PMTMM"SADA5 MS@+T\4%??,6HU.ON3%US;;O$8D68U&*6&N7U4OTIB?(F5&X4+^P@GG&EQ[I= MKO7M$80QT.^7G*NGC9GM]7TT^PM02P,$% @ NG8-48T[NOBZ @ * @ M !D !X;"]W;W)K&ULK99=;]HP%(;_BA7MHI76 MYHL$4D&D%51M4RNALFX7TRY,<@"K3LQL!]I_WV,GS>@(L$J[(;;C]WW.L>-C MAELA']4*0).G@I=JY*RT7E^YKLI64%!U*=90XIN%D 75V)5+5ZTET-R*"NX& MGA>[!66EDP[MV%2F0U%ISDJ82J*JHJ#R^1JXV(X/XW9@Z+=,(=]NO[C4QF3A6,!?_!<6!B 6YJ70E@=RQDA550>P<,J7/N'U:D;,):,JX.D?5PVQ"SCZ<#UV- ML1A'-VNXUS4W.,#]6I67)/0^DL +O [Y^+A\ AG*?2/WD[=R%U>@78:@78; M^O4.^'T3FG*"AT-2S#3:L5@SD,V^_+R#8@[RUY%5Z+6^O:.^9B_(F01S_',$X*?P M#%1V;F_M%.WD-4B2[K2B%A^=POM=J&@/Y?<'83JWK/XI M5MC%ZK^#-6A9@U.L7A=KL,?J]PZ@DA:5G#XS7:QDCQ4GB=\-\[T_A?Y.O?3_?Z5H/-]4 2^,_XK% MW2GCY@Z]HW+)2H6(!YHL;:5?2XTWA.VN<*K'*29@.\70NC7 MCKDLVC\'Z0M02P,$% @ NG8-4<)1W^2\! 8A0 !D !X;"]W;W)K M&ULM5A=;]LV%/TKA-&'%L@LD?XN' -)G#8MEBZH MU^ZAV ,MT3$1251)RDZ&_?A=2HPD-Q*M8G4>8GWP'!U>79Y[Q?E>R >U94RC MQSA*U'EOJW7ZUO-4L&4Q57V1L@3N;(2,J893>>^I5#(:YJ X\HCOC[V8\J2W MF.?7[N1B+C(=\83=2:2R.*;RZ9)%8G_>P[WG"Y_Y_5:;"]YBGM)[MF+Z2WHG MXLT1QD2#)-N>]"_SVALP,(!_QE;.]JATC,Y6U$ _FY$-XWO.-(A:Q M0!L*"C\[=L6BR#"!CN^6M%<^TP#KQ\_L[_+)PV365+$K$?W%0[T][TU[*&0; MFD7ZL]C?,#NAD>$+1*3R_VAOQ_H]%&1*B]B"04',D^*7/MI U !XV (@%D"Z M @86,.@*&%K L"M@9 &C'P"MDQY;P+CK$R86,.D*F%K -'^[Q>O(W^62:KJ8 M2[%'THP&-G.0)T2.AE?($Y.[*RWA+@><7EQ_S[A^0J^73%,>*?2)2DE-.KU! MOZ$OJR5Z_>K-W-/P)#/>"RSK9<%*6E@_9DD?^<,S1'SB-\"OW/"+5/81:8M\+?=PC=P&^%W[CA2Q8 /)\[GAW"/4B-,C]( MF1\DYQNT\%U%5"DD-FBE1?" OOT.]]$'S6+UMX-]4+(/()'+4&L# :['>924!D:&4LNH=L5LHHC^A>MLK4*)$_S+OCB M7C(&7;7N%.G*7O#D%)&NO 9/?UFDEY9K]**0M*9KY4K8;4L_7]66^*43&37- M2DCE0\3M0_6RAD*^XR%+&I]_A.<5ZA,\G9"!JPVJC(Q@=ZT#!X&P7*"J9[$9 M<3S;2*W;.D6[12I3(B=HN-Z1YD[JL-UZWVG4S;%1AQ.K#)&XF[(7$]L)#8Z/ MI/EV58V3@A&PO=V]R:W-H965T:9&K2B;3>O?,\M8YXRE17['AFOMD(F3)M3N764SO)69@/2A./ M^'[?2UF<=:;C_-I"3L=BKY,XXPN)U#Y-F?Q]QQ-QF'1PY_G"UW@;:7O!FXYW M;,N77/^W6TASYI4J89SR3,4B0Y)O)IT9?G<7$#L@O^-;S _JY!C9I:R$>+0G M_X:3CF\CX@E?:RO!S,<3O^=)8I5,'#^/HIUR3COP]/A9_4.^>+.8%5/\7B3? MXU!'D\ZP@T*^8?M$?Q6'C_RXH)[56XM$Y?_1H;AW0#IHO5=:I,?!)H(TSHI/ M]NN8B),!Q*\90(X#\D1XQ41YE ],L^E8B@.2]FZC9@_RI>:C37!Q9JNRU-)\ M&YMQ>OK^YS[6O]%;M#3U#O<)1V*#[D6:FHPMM5@_1B()N53H(7Z*0YZ%Z(&O M$R99GM._'[AF<:+^&7O:!&,EO?5QXKMB8E(S\6PGNXC@-XCXQ%<1DUR]%/', M2LKED'(Y)%<-:E0_[],5EW8-ZV(-RJX!%?HH5FK/PW.Q%JJ]7-4^R$]3C /J MV[^Q]W0F(%H&1,& %ERN>:;- VZ#^G+(>(@6DK]]3N>Y8&!%[/M=W_\+2%90 MQA: 2O6I5RT:'4%% MZY?Q]"\N6G,XL&9SV09E= -0:6Z,\XFE)D5?#@:/Z,>$97=P^L. RZPSY4!>P[Z#4^P@ZM&&9K M6R?A*F,Q:"7L((MARK8Q4X,D-N48@.5PR,4P'R]W4[^2*3HP#^^P5Y,HQU<, M [:MF095>_M@1 [+&.9R2R_!HLW%#@@-5ER;"4P6ULZ MZ*CZHFI0/([&!*9Q._\TB#;6S9&9P!B=Q^N(\01]$,K&]!H'.:X2F*NM'53% MZZ!7;R '5P+#M96!8$E3")!CQ'&6P$B\W$#5G2_N!WY0DR4'5 (#M:V!1M6- M.*X-ASH,4QC#[?S3(-I4-NJ@3&&"?N1,1R:86?:Z]P]U1*6WZ2?0*EA[0#/A MI)MP@W8"+&G*$(!E<)2E5^XGT#.;77]$^S59;[C1#Z^<0V[,O? M6Z9_ %!+ P04 " "Z=@U1P^+-C9<" !U!P &0 'AL+W=O>ZZ M,LH@)W+ 2RCTFX2+G"@]%:DK2P$DMDDY2H =+T5.KH"12B3Z <1@IBJ':,3U$3" M7MRO&\C7('X'KM)*#)X;[5@O&E;_ .N\% /D>Y^1CWU\M[I"1Q^.7Z*XVD=K MQF_-^!9V> !VQ1.%;B'*/DET35.RKA6@%2,UB -B7]"8?T+W&T'[;"E'?;2WL^7BY-K9$Q61&ACG&WLR7Z#M5'+,7J? MM29]]$9KXY9V_-\;1XH8OKTA[QB$O558;)JS)XI_AP M'::MAFFOA@6I#:U$NMTBV2&H2\OTU6GS,>X1<]:*.>L5L^0U8:I&N@4 *D'H MDZ%TH^Z2T \T&6#\L6>'//S-@L8! %Q$ !D !X;"]W;W)K&UL[5A1;^(X$/XK([02K<22F!9**T!J2U>]DWI7M;MW#Z=[ M,,E K#IQUG:@2/?C;^R$0+O MEH>VXA:87"./O5,J@TX8]H*4BZPQ&OBY>ST: MJ,)*D>&]!E.D*=?+*Y1J,6RPQFKB0LY!V_QE\"%V;@'E\I$J2-D(7$4J,K(/@=)GC-4KI MD"B.[Q5HH^9TCIOW*_0O/GE*9L(-7BOYMXAM,FST&Q#CE!?2/JC%+58)=1U> MI*3Q_V%1VIYU&Q 5QJJT]-P8G,O95'J^FI(#\[NE9I*BPMLS5P-$;+A33P!]>:N]4Z MAL]P\XQ1X09PD^92+9TM7,XT8NGUSQVF$]3_#@)+\3C4(*JXKTKNS@[N+SAI M0X>UH!-VPF^/8SCZ=#SF2_,2*:",ZK0Z=5H=#WVZ _I.M^%WGJ*!/Q>TA78$ M^0+ZI(8^V0O]5?-89#.(*5+X#WX,N$R]!.EZ$%<:\U$G' 3S+<2G-?'I7N)' M+JEN )^I(@UN)2T!>AND)]V0_K83=VOB[E[B2TFUR[.(5C-'#:G*;+*-O?L# M.]O)W:NY>WNYRSV'",9E+RB$&$VD1>YJ>EL0^^&^)@A\M7=A6FB;4$:Y5G-! MN& 3;D%,Z8I@45.]<:\=PL!DZ6>I7G*>+5N@O"?DJ0!7B7!0&7ZV)&WND8\#OQ=<.B-Z DODNFG*?(G'+I2?,LUJRL47%^C, M.43$/T-04XCHK6@EVW 9Q\(%S:5P0'PR M&V \BRL[%[1V(Z=B'$0M.W06GCJ5,>TU+-20#)U2^O*C29346$E4GMT-ZC(V?U MSC[;NQ7'%.RX#0^*=&FGC+Y [M?(_4,H5/_-"G5>$Y__JD*=OTNA6+C^C(4' MT:@*YFTBQ3:^HNRP,O43O ^=>J5359E\*-4!E8JMNRFVOYVZY?3*8KAIPVUA MHT2\K:-BZY:*':2G8F]OJMBZJV*_W%:Q]_55;-U8L<-T5NP]K15;]U;LP,W5 M3_ ^5.N5:JVJY4.V#B%;P<8QU_UD<,?US$F1Q"EMQ[#MSMBZ/(67 ZMR?_*= M*$OG:'^;($6AG0$]GRIE5P-WF*Y_"QG]#U!+ P04 " "Z=@U1BP_;=.@! M #6 P &0 'AL+W=OQA[D.-++"I9KB3'+>S'[R0[QHRU[$6ZT]WW MW7?2*6VU>; E@"-/2E9V04OGZDO&[*X$Q>U$UU!A9*^-X@Y=L=>-]+= MZ?8S]/W,/-].2QM6TG:YLX2276.=5CT8%2A1=3M_ZN]A!(BG+P#B'A 'W5VA MH'+%'<]2HUMB?#:R>2.T&M H3E3^4;;.8%0@SF7;)K?PV$#ER,ILQA*0]@NYYVV='&+]!>-8<)B>;O2!S%T?UV1<[>_,7"4.B@ M-A[4QH'V_#_5DI]K4#F87^0W69L)^2[A7Y?1P>H< MI^OP9A;T6QKVV!/CQ9SIS^^NG#=IRT&:$/6YJ'Z-YSI7./KH2OHEIO M&#R4 !JUG(DZQJ76U><@J-,2.*DO9 7"1'*I.-'&54505PI(5MM%G 6SZ701 M<$(%3B+1\%NN:Y3*1N@87PX0\L.W+,;AXB-&GNY&9A#CQ[/WOQJIK]\A/TX^ M3";3Q_/K??S,!K4GJD83".H,SV-=RS_F,USCVBO7D6+*KJ6^FMC=B.<;^\* MW"O(:>O\-A_R'V(/#[.3JF*;+XP6@H/?^]$)DXCTZU I%7TRV>Q-20T "J,U M*$W3,?);D6H)K>YO4YL?UCQ[@YK_;9T+$* (&XLV5_^4J_QJQ9>?_I=D]U'9 M%_RBQJY=G;K(^5L0N3A)D4'W01]UC9V>,:#(]N88W]EW -LF1:N&,DU%YY4T MRT \:QV&7I.5>6OM\)OY&>2D87HY!&.\M7] 1AM^-*NQS $P( L !?3T\ M$MP>:4#M.*2VBZD8_1!2:5K5N %(MB6/:(7->=I3W;+T]!;X"O.DQQ0FE(2S,.\,W2?S+W\PPU1>5* M(Y5;&GC3Y?YVX$G1H2)8%II%R=.B':5_' QA!A)HF:' $,JUH]CK M1(,L!4D.CU_?E5U/%:#;7E1.CF5%_KR2]EO[X$&;NYG6=^RQELJ.DH5SR_TT MM<4":FX_ZR4HO%)I4W.'IV:>VJ4!7MH%@*MEF@\&P[3F0B6'!_U85R8-3[2# MP@FML-$WW IXL+^O^U.V$E;,A!3N:92TOR4DK!9*U.(9RE$R2)A=Z(>OVHAG MK1R7T\)H*4=)UEVX!>-$\:IYZB%O^,RV+8[/KCF"C)+A >LA+&N[=&.SY%Q M!=BY.VN^*-V4 F1.0^3M"_L@#R$T"]MF:[8Y1(,]@X@MPC(K;B0ZVA3IXN[A98E&/N!3: *(+<)R.WWB>28 MVP4[E0'DD( U;\3%=\4-9NP;PY&N M]6 XN=F RMF#N(3GP"VLT9 &B:R0D_L&U1;24*K((KOB'+LIW(MS=C0WT":/ M$(T21!;=$'4M7)O.0B1*!UEL'S0S"_>-KU).5B_!* 5DD1U 9K UY6>4!++( M%NAV(MO \E."_1AB4>D_BYS_NRWY)A:5\+/8&9^ N+[067Q95A_M!5F%O;7A%5(^48VR[5N>9E_Y6G_T)U^!-02P,$ M% @ NG8-42\ @E1, 0 :Q$ !H !X;"]?X;V[NZ&5QTZ]K>9:KV?OC0VA6UZ7*WLH/IIY/2 MCEWNI^58Z2$OKGEE-,=QJL?G&>IX>)X9G>^#^<]$6Y9-83YM\=V9WO\Q6/_8 M\>IJ8[R*SOE8&9\I?6N7;:?G!ZVFR2HZ73(UGBZD=.@@AB .'Y1 4!(^: U! MZ_!!&PC:A ]*(2@-'[2%H&WXH!T$[<('[2%H'SZ(8I0Q%I#T@K4 K0FY)@%> M$X)- L0F))L$F$V(-@E0FY!M$N V(=PD0&Y"NDF W81XDP"]&?5F 7HSZLT" M].:7CVT!>C/JS0+T9M2;!>C-J#<+T)M1;Q:@-Z/>+$!O1KWYG7H[?V^-6WH> M:[S_G53[Z5VS7#\O'YLH83+CK.'?RO$74$L#!!0 ( +IV#5$BX&C7>P$ M #H2 3 6T-O;G1E;G1?5'EP97-=+GAM;,V8RT[#,!!%?R7*MFI<&R@/ MM=T 6^B"'S#)I+'JEVRWM'_/)'U(H!)1%8G9Q$H\<^^U1SJ+3-ZV'F*V,=K& M:=ZDY!\8BV4#1L;">;"X4[M@9,+7L&!>EDNY "9&HS$KG4U@TS"U&OEL\@2U M7.F4/6_PUU#"*J";"Y#>I$&J]A&LYBV&F+1+W$BHZMK54+ERI7!EB+Z M +**#4 RNMB)#OJ=$]XP[)[\8O].IL\0*^?!^8@3"W"^W6$D;??0HQ"$I/J/ M>'1$Z8O/!^VT*ZA^Z8W7^^'"LIM'9-UR^1U_G?%1_\P<@DB.*R(YKHGDN"&2 M8TPDQRV1''=$&UL4$L! A0#% @ NG8-48\K(IG( P J T !@ M ("!#@@ 'AL+W=O&PO=V]R:W-H965T&UL4$L! M A0#% @ NG8-40%N>#&PO=V]R:W-H965T&UL4$L! A0#% @ NG8-4>N7 M&.5A! JPD !@ ("!_R< 'AL+W=O&PO=V]R:W-H965T M&UL4$L! A0#% @ NG8-4<-/!O^$!P D!( !D M ("!P48 'AL+W=O&PO=V]R M:W-H965T&UL M4$L! A0#% @ NG8-474.Z^D(! [P@ !D ("!#%H M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ MNG8-45 \F$E<%@ -$( !D ("!A&, 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ NG8-4:UK[X8& P FPH !D M ("!O8X 'AL+W=O&PO=V]R:W-H M965TN4 !X;"]W;W)K&UL4$L! M A0#% @ NG8-4>XOIDI]! >QD !D ("!WID 'AL M+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ NG8- M48L/VW3H 0 U@, !D ("!KZ4 'AL+W=O&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4 M" "Z=@U1(N!HUWL! Z$@ $P @ '@KP 6T-O;G1E;G1? @5'EP97-=+GAM;%!+!08 ) D +,) ",L0 ! end XML 40 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 41 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 42 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.2 html 116 247 1 true 30 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://webstartechnologygroup.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Balance Sheets (Unaudited) Sheet http://webstartechnologygroup.com/role/BalanceSheets Condensed Balance Sheets (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - Condensed Balance Sheets (Unaudited) (Parenthetical) Sheet http://webstartechnologygroup.com/role/BalanceSheetsParenthetical Condensed Balance Sheets (Unaudited) (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Statements of Operations (Unaudited) Sheet http://webstartechnologygroup.com/role/StatementsOfOperations Condensed Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Statements of Stockholders' Deficit (Unaudited) Sheet http://webstartechnologygroup.com/role/StatementsOfStockholdersDeficit Statements of Stockholders' Deficit (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Statements of Cash Flows (Unaudited) Sheet http://webstartechnologygroup.com/role/StatementsOfCashFlows Condensed Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - Description of Business Sheet http://webstartechnologygroup.com/role/DescriptionOfBusiness Description of Business Notes 7 false false R8.htm 00000008 - Disclosure - Summary of Significant Accounting Policies Sheet http://webstartechnologygroup.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - Stock Compensation Sheet http://webstartechnologygroup.com/role/StockCompensation Stock Compensation Notes 9 false false R10.htm 00000010 - Disclosure - Related Party Transactions Sheet http://webstartechnologygroup.com/role/RelatedPartyTransactions Related Party Transactions Notes 10 false false R11.htm 00000011 - Disclosure - Leases Sheet http://webstartechnologygroup.com/role/Leases Leases Notes 11 false false R12.htm 00000012 - Disclosure - Equity Sheet http://webstartechnologygroup.com/role/Equity Equity Notes 12 false false R13.htm 00000013 - Disclosure - Licensing Agreement Sheet http://webstartechnologygroup.com/role/LicensingAgreement Licensing Agreement Notes 13 false false R14.htm 00000014 - Disclosure - Commitments Sheet http://webstartechnologygroup.com/role/Commitments Commitments Notes 14 false false R15.htm 00000015 - Disclosure - Subsequent Events Sheet http://webstartechnologygroup.com/role/SubsequentEvents Subsequent Events Notes 15 false false R16.htm 00000016 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://webstartechnologygroup.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://webstartechnologygroup.com/role/SummaryOfSignificantAccountingPolicies 16 false false R17.htm 00000017 - Disclosure - Leases (Tables) Sheet http://webstartechnologygroup.com/role/LeasesTables Leases (Tables) Tables http://webstartechnologygroup.com/role/Leases 17 false false R18.htm 00000018 - Disclosure - Equity (Tables) Sheet http://webstartechnologygroup.com/role/EquityTables Equity (Tables) Tables http://webstartechnologygroup.com/role/Equity 18 false false R19.htm 00000019 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://webstartechnologygroup.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://webstartechnologygroup.com/role/SummaryOfSignificantAccountingPoliciesPolicies 19 false false R20.htm 00000020 - Disclosure - Stock Compensation (Details Narrative) Sheet http://webstartechnologygroup.com/role/StockCompensationDetailsNarrative Stock Compensation (Details Narrative) Details http://webstartechnologygroup.com/role/StockCompensation 20 false false R21.htm 00000021 - Disclosure - Related Party Transactions (Details Narrative) Sheet http://webstartechnologygroup.com/role/RelatedPartyTransactionsDetailsNarrative Related Party Transactions (Details Narrative) Details http://webstartechnologygroup.com/role/RelatedPartyTransactions 21 false false R22.htm 00000022 - Disclosure - Leases (Details Narrative) Sheet http://webstartechnologygroup.com/role/LeasesDetailsNarrative Leases (Details Narrative) Details http://webstartechnologygroup.com/role/LeasesTables 22 false false R23.htm 00000023 - Disclosure - Leases - Schedule of Future Minimum Lease Payments (Details) Sheet http://webstartechnologygroup.com/role/Leases-ScheduleOfFutureMinimumLeasePaymentsDetails Leases - Schedule of Future Minimum Lease Payments (Details) Details 23 false false R24.htm 00000024 - Disclosure - Equity (Details Narrative) Sheet http://webstartechnologygroup.com/role/EquityDetailsNarrative Equity (Details Narrative) Details http://webstartechnologygroup.com/role/EquityTables 24 false false R25.htm 00000025 - Disclosure - Equity - Schedule of Common Stockholders Dividend Declaration (Details) Sheet http://webstartechnologygroup.com/role/Equity-ScheduleOfCommonStockholdersDividendDeclarationDetails Equity - Schedule of Common Stockholders Dividend Declaration (Details) Details 25 false false R26.htm 00000026 - Disclosure - Licensing Agreement (Details Narrative) Sheet http://webstartechnologygroup.com/role/LicensingAgreementDetailsNarrative Licensing Agreement (Details Narrative) Details http://webstartechnologygroup.com/role/LicensingAgreement 26 false false R27.htm 00000027 - Disclosure - Commitments (Details Narrative) Sheet http://webstartechnologygroup.com/role/CommitmentsDetailsNarrative Commitments (Details Narrative) Details http://webstartechnologygroup.com/role/Commitments 27 false false R28.htm 00000028 - Disclosure - Subsequent Events (Details Narrative) Sheet http://webstartechnologygroup.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://webstartechnologygroup.com/role/SubsequentEvents 28 false false All Reports Book All Reports wbst-20200630.xml wbst-20200630.xsd wbst-20200630_cal.xml wbst-20200630_def.xml wbst-20200630_lab.xml wbst-20200630_pre.xml http://xbrl.sec.gov/dei/2020-01-31 http://fasb.org/us-gaap/2020-01-31 http://fasb.org/srt/2020-01-31 true true ZIP 44 0001493152-20-015497-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-20-015497-xbrl.zip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