0001469709-17-000308.txt : 20171220 0001469709-17-000308.hdr.sgml : 20171220 20171220155822 ACCESSION NUMBER: 0001469709-17-000308 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 53 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171220 DATE AS OF CHANGE: 20171220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Global Boatworks Holdings, Inc. CENTRAL INDEX KEY: 0001647705 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] IRS NUMBER: 810750562 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-55646 FILM NUMBER: 171266786 BUSINESS ADDRESS: STREET 1: 2637 ATLANTIC BLVD #134 CITY: POMPANO BEACH STATE: FL ZIP: 33062 BUSINESS PHONE: 954-934-9400 MAIL ADDRESS: STREET 1: 2637 ATLANTIC BLVD #134 CITY: POMPANO BEACH STATE: FL ZIP: 33062 10-Q/A 1 gbbt10qa_093017apg.htm GBBT 10-Q/A 09/30/17 GBBT 10-Q/A 09/30/17

 

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 September 30, 2017


Commission File Number: 333-205604


Global Boatworks Holdings, Inc.

(Exact name of registrant as specified in its charter)


 

 

 

Florida

 

81-0750562

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

2637 Atlantic Blvd. #134
Pompano Beach, FL 33062

(Address of principal executive offices)    (Zip Code)


954-934-9400

(Registrant’s telephone number, including area code)

 

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 periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  [X]  No  [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).

Yes [X]  No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a 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]

(Do not check if a smaller reporting company)

 

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 Rule 12b-2 of the Exchange Act). Yes  [  ]  No  [X]  


As of November 17, 2017 we had 509,044,099 shares of common stock outstanding.




 

EXPLANATORY NOTE

 

Global Boatworks Holdings, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-Q/A to its Quarterly Report on Form 10-Q for quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 20, 2017, solely for the purpose of providing XBRL as Exhibit 101 in accordance with Rule 405 of Regulation S-T. Other than as described above, no changes are made to the Quarterly Report on Form 10-Q as filed on November 20, 2017.


 

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

PAGE

 

 

Item 1. Index to Unaudited Consolidated Financial Statements

F-1

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

             Results of Operations

3

Item 3. Quantitative and Qualitative Disclosures about Market Risk

8

Item 4. Controls and Procedures

8

 

 

PART II-- OTHER INFORMATION

 

 

 

Item 1. Legal Proceedings

10

Item 1A. Risk Factors

10

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

10

Item 3. Defaults Upon Senior Securities

10

Item 4. Mine Safety Disclosures

10

Item 5. Other Information

10

Item 6. Exhibits

10

 

 

SIGNATURES

10





2






INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS





Condensed Consolidated Balance Sheets

F-2


Unaudited Condensed Consolidated Statements of Operations

F-3


Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Deficit

F-4


Unaudited Condensed Consolidated Statements of Changes in Cash Flows

F-5


Notes to Unaudited Condensed Consolidated Financial Statements

F-6




F-1





Global Boatworks Holdings, Inc.

Consolidated Balance Sheets

ASSETS

September 30, 2017

 

December 31, 2016

CURRENT ASSETS

(Unaudited)

 

 

 Cash

$

9,370 

 

$

10,511 

 Construction in progress

 

431,501 

 Short term loan to related party

30,000 

 

50,000 

 Prepaid officer compensation

48,142 

 

481,417 

 Prepaid expenses

29,205 

 

47,593 

          Total current assets

116,717 

 

1,021,022 

PROPERTY AND EQUIPMENT - HELD FOR SALE

 

 

 

  Floating vessel held for sale, net of $16,930 and $0 depreciation

660,250 

 

PROPERTY AND EQUIPMENT - OTHER

 

 

 

   Furniture and equipment, net of $437 and $0 depreciation

5,858 

 

  Architectural plans, net of $2,736 and $1,368 amortization

10,030 

 

11,398 

          Total property and equipment

676,138 

 

11,398 

Total Assets

$

792,855 

 

$

1,032,420 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

CURRENT LIABILITIES

 

 

 

  Accounts payable and accrued liabilities

$

149,671 

 

$

127,776 

  Short term loan - related party

18,168 

 

200 

  Short term loans, net of discounts of $12,522 and $0

371,286 

 

100,000 

  Short term convertible loans, net of discount of $88,396 and $165,494

472,512 

 

429,906 

  Short term convertible loans related parties, net of discount of

     $14,481 and $0

1,629 

 

  Fair value of derivative liability

540,497 

 

780,685 

  Current portion of long term debt

5,056 

 

  Due to related party predecessor

3,888 

 

3,888 

          Total current liabilities

1,562,707 

 

1,442,455 

 

 

 

 

LONG TERM LIABILITIES

 

 

 

  Long term debt to third party

27,933 

 

  Note payable and accrued interest for vessel - related party

105,961 

 

104,482 

           Total long term liabilities

133,894 

 

104,482 

Total Liabilities

1,696,601 

 

1,546,937 

Commitments and contingencies (see Note 9)

 

 

 

Redeemable preferred stock Series A, 1,000,000 shares authorized, 1,000,000 shares issued and outstanding at September 30, 2017 and December 31, 2016 ($1,000 redemption value)

1,000 

 

1,000 

STOCKHOLDERS’ DEFICIT

 

 

 

  Preferred stock, par $0.0001; 10,000,000 shares authorized; 9,000,000         available for issuance

 

  Common stock, par $0.0001; 1,000,000,000 shares authorized; 509,044,099

      and 21,333,629 issued and outstanding at June 30, 2017 and December

       31, 2016, respectively

50,904 

 

2,133 

  Additional paid-in capital

3,232,043 

 

1,087,261 

  Accumulated deficit

(4,187,694)

 

(1,604,911)

          Total stockholders’ deficit

(904,747)

 

(515,517)

Total Liabilities and  Stockholders’ Deficit

$

792,854 

 

$

1,032,420 


The accompanying notes are an integral part of the condensed consolidated financial statements



F-2





Global Boatworks Holdings, Inc.

Consolidated Statements of Operations

(unaudited)


 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

2017

 

2016

 

2017

 

2016

REVENUES

 

 

 

 

 

 

 

   Vessel sales

$

222,187 

 

$

 

$

222,187 

 

$

   Rental revenue

14,840 

 

21,913 

 

30,955 

 

34,553 

 

 

 

 

 

 

 

 

          Total revenues

237,027 

 

21,913 

 

253,142 

 

34,553 

 

 

 

 

 

 

 

 

COST OF REVENUES

 

 

 

 

 

 

 

   Vessel sales cost of sales

 

 

 

   Rental cost of sales

17,731 

 

3,510 

 

21,448 

 

11,585 

 

17,731 

 

3,510 

 

21,448 

 

11,585 

 

 

 

 

 

 

 

 

    GROSS MARGIN

219,296 

 

18,403 

 

231,694 

 

22,968 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

   General and administrative

768,005 

 

40,537 

 

1,505,305 

 

113,453 

   Depreciation and amortization

17,822 

 

456 

 

18,734 

 

912 

   Professional fees - related party

626,567 

 

 

626,567 

 

   Professional fees

115,027 

 

48,170 

 

577,148 

 

112,903 

 

 

 

 

 

 

 

 

          Total operating expenses

1,527,421 

 

89,163 

 

2,727,754 

 

227,268 

 

 

 

 

 

 

 

 

 Loss from operations

(1,308,125)

 

(70,760)

 

(2,496,060)

 

(204,300)

 

 

 

 

 

 

 

 

Other income (expense)

 

 

 

 

 

 

 

   Interest expense

(84,067)

 

(118,062)

 

(351,088)

 

(141,066)

   Gain on extinguishment of debt, net of loss

177,489 

 

 

180,952 

 

   Initial and change in fair value of derivative

(108,326)

 

(186,660)

 

97,815 

 

(186,660)

   Loss on accrued expense settlement

 

 

(14,400)

 

          Total other income (expense)

(14,904)

 

(304,722)

 

(86,721)

 

(327,726)

 

 

 

 

 

 

 

 

Net loss

$

(1,323,029)

 

$

(375,482)

 

$

(2,582,781)

 

$

(532,026)

 

 

 

 

 

 

 

 

Loss per weighted average common share

$

(0.01)

 

$

(0.05)

 

$

(0.03)

 

$

(0.07)

 

 

 

 

 

 

 

 

Number of weighted average common shares outstanding - Basic and Diluted

180,527,875 

 

8,196,391 

 

79,682,785 

 

7,365,175 



The accompanying notes are an integral part of the condensed consolidated financial statements



F-3






Global Boatworks Holdings, Inc.

Consolidated Statement of Changes in Stockholders’ Deficit

For the nine months ended September 30, 2017

(unaudited)




Preferred Stock Number of

Shares





Preferred Stock Par Value




Common Stock

Number of

Shares




Common Stock Par Value





Additional

Paid-in Capital






Accumulated

Deficit





Total

Stockholders’

Deficit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, December 31, 2016

-

 

$

-

 

21,333,629

 

$

2,133

 

$

1,087,261

 

$

(1,604,911)

 

$

(515,517)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares issued as a note extension fee

-

 

-

 

100,000

 

10

 

5,990

 

 

6,000 

Shares issued as a note fee

-

 

-

 

1,000,000

 

100

 

14,900

 

 

15,000 

Shares issued for services

-

 

-

 

16,452,778

 

1,645

 

548,564

 

 

550,209 

Shares issued upon debt conversion

-

 

-

 

19,357,692

 

1,936

 

124,508

 

 

126,444 

Shares issued to settle accrued expense

-

 

-

 

450,800,000

 

45,080

 

1,355,320

 

 

1,400,400 

Beneficial conversion feature on

   Convertible notes

-

 

-

 

-

 

-

 

95,500

 

 

95,500 

Net loss, nine months ended

   September 30, 2017

-

 

-

 

-

 

-

 

-

 

(2,582,781)

 

(2,582,781)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, September 30, 2017

-

 

$

-

 

509,044,099

 

$

50,904

 

$

3,232,043

 

$

(4,187,693)

 

$

(904,746)

 

 

 

 

 

 

 

 

 

 

 

 

 

 


The accompanying notes are an integral part of the condensed consolidated financial statements



F-4





Global Boatworks Holdings, Inc.

Consolidated Statements of Cash Flows

Nine Months Ended September 30,

(unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:

2017

 

2016

Net loss

$

(2,582,781)

 

$

(532,026)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

        Initial and change in fair value of derivative

(97,815)

 

186,660 

        Gain on extinguishment of debt

(223,952)

 

        Interest added to note balance

35,568 

 

        Loss on conversion of accrued expenses

1,129,400 

 

 

        Loss on debt conversion

43,000 

 

        Issuance of common and redeemable preferred stock for services

487,375 

 

1,000 

        Depreciation and amortization

18,734 

 

912 

        Amortization of common stock issued for prepaid services

533,246 

 

38,750 

        Amortization of debt discounts

311,874 

 

139,033 

Changes in operating assets and liabilities

 

 

 

        (Increase) decrease in Luxuria construction in progress

(245,679)

 

(109,958)

        (Increase) decrease in prepaid expenses

(221)

 

1,276 

        Increase (decrease) in accounts payable and accrued expenses

292,095 

 

24,856 

        Increase (decrease) in deferred revenue

 

2,518 

        Increase (decrease) in accrued interest

8,382 

 

Net cash provided by operating activities

(290,774)

 

(246,979)

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

Proceeds from investment receivable

20,000 

 

Purchase of property and equipment

(6,295)

 

Net cash used in investing activities

13,705 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

Proceeds from sale of common stock

 

81,000 

Proceeds from cash advance on credit card

 

2,500 

Proceeds from related party loans

20,000 

 

200 

Repayments on related party loans

(2,032)

 

Proceeds from third party loans, net of commissions paid

443,000 

 

227,500 

Repayments on third party loans

(185,040)

 

Net cash provided by financing activities

275,928 

 

311,200 

 

 

 

 

Net increase (decrease) in cash

(1,141)

 

64,221 

CASH, beginning of period

10,511 

 

47,479 

CASH, end of period

$

9,370 

 

$

111,700 

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

 

 

 

  Interest paid in cash

$

19,151 

 

$

2,154 

  Income tax paid in cash

$

 

$

Non-Cash Investing and Financing Activities:

 

 

 

 Common stock issued for loan fees

$

15,000 

 

$

145,000 

 Common stock issued upon conversion of convertible debt

$

83,444 

 

$

 Common stock issued to settle accrued expenses

$

271,000 

 

$

4,032 

 Construction in progress costs purchased with third party loan

$

35,000 

 

$

Modification of note to convertible note

$

60,000 

 

$

51,700 

 Transfer of construction in progress to fixed assets

$

677,180 

 

$

 Initial derivatives recorded as debt discount

$

110,631 

 

$

217,500 

 Common stock issued for prepaid services

$

62,834 

 

$


The accompanying notes are an integral part of the unaudited condensed consolidated financial statements



F-5






Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(1) NATURE OF OPERATIONS


Global Boatworks Holdings, Inc., (“the Company,” “Successor” or “Global”), was formed on May 11, 2015, under the laws of the State of Florida to reorganize Global Boatworks, LLC. At formation the Company acquired 100% of the membership interests of Global Boatworks, LLC, (“LLC”) which was formed on June 16, 2014, under the laws of the State of Florida.  The Company’s business activities to date have primarily consisted of the formation of a business plan for building luxury floating vessels on a barge bottom, rental activities of the existing vessels, which are held for sale or rental, and the construction of  new vessels.


The accompanying consolidated financial statements include the activities of Global Boatworks Holdings, Inc. and Global Boatworks, LLC, its wholly owned subsidiary.


(2) BASIS OF PRESENTATION, USE OF ESTIMATES AND GOING CONCERN


a) Basis of Presentation and Principles of Consolidation

The comparative figures shown throughout these unaudited consolidated financial statements are the historical results of Global Boatworks Holdings, Inc. inclusive of its wholly owned subsidiary Global Boatworks, LLC. All intercompany balances and transactions have been eliminated.


The accompanying consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles ("GAAP") in the United States of America ("U.S.") as promulgated by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and with the rules and regulations of the U.S Securities and Exchange Commission ("SEC"). The consolidated financial statements reflect all normal recurring adjustments, which, in the opinion of management, are considered necessary for a fair presentation of the results for the periods shown. The results of operations for the periods presented are not necessarily indicative of the results expected for any future period. The information included in the September 30, 2017 unaudited consolidated financial statements should be read in conjunction with Management’s Discussion and Analysis and Results of Operations contained elsewhere in this report and the audited consolidated financial statements and accompanying notes for the years ended December 31, 2016 and 2015, filed in Form 10-K filed on March 30, 2017 with the U.S. Securities and Exchange Commission.


b) Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates in the accompanying unaudited consolidated financial statements involved the valuation of construction in progress and resulting completed floating vessel, depreciable life of the luxury floating vessel, valuation of other long lived assets, the valuation of derivatives, the valuation of common and preferred stock issued as compensation, and valuation allowance of deferred income tax benefit.




F-6






Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(2) BASIS OF PRESENTATION, USE OF ESTIMATES AND GOING CONCERN, continued


c) Going Concern

The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern.  The Company’s financial position and operating results raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issuance date of this report, as reflected by the working capital deficit, accumulated deficit and stockholder’s deficit of $1,445,990; $4,187,694 and $904,747 (unaudited) at September 30, 2017. The Company had a net loss of $2,582,781 and used cash of $290,774 in operating activities in the nine months ended September 30, 2017 (unaudited). In addition several of our promissory note obligations are in default of maturity date payments. The Company continues to have increasing expenses as a result of becoming a publicly held company and constructing new vessels without immediate increases in revenues as they continue to implement their plan of operations. The ability of the Company to continue as a going concern is dependent upon increasing operations, developing sales and obtaining additional capital and financing. The Company is seeking to raise sufficient equity capital to enable it to build the second new style luxury floating vessel. It is also seeking to raise sufficient equity capital to enable it to pay off its existing debt. The unaudited consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.


(3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


a) Cash and cash equivalents

The Company considers all highly liquid securities with original maturities of three months or less when acquired, to be cash equivalents. The Company had no financial instruments that qualified as cash equivalents at September 30, 2017 (unaudited) or December 31, 2016.


b) Construction in progress

Costs to construct vessels are capitalized during the construction phase. Upon completion of a vessel the Company will either sell the vessel or place in it service as a rental property. If the vessel is to be leased or leased while held for sale the construction costs are transferred to property and equipment and depreciated over its useful life.


c) Property and equipment

All property and equipment are recorded at cost and depreciated over their estimated useful lives, using the straight-line method.  Upon sale or retirement, the cost and related accumulated depreciation are eliminated from their respective accounts, and the resulting gain or loss is  included in the results of operations. Repairs and maintenance charges, which do not increase the useful lives of the assets, are charged to operations as incurred.


d) Impairment of long-lived assets

A long-lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying value amount may not be recoverable. An impairment loss is recognized when the carrying amount of the asset exceeds the sum of the undiscounted cash flows resulting from its use and eventual disposition. The impairment loss is measured as the amount by which the carrying amount of the long-lived assets exceeds its fair value.



F-7





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


e) Financial instruments and Fair value measurements

ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments.


ASC 825 also requires disclosures of the fair value of financial instruments. The carrying value of the Company’s current financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short-term maturities of these instruments.


FASB ASC 820 “Fair Value Measurement” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows:


Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability.

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.


The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement.


The following is the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis at September 30, 2017 (unaudited) and December 31, 2016, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):


 

September 30,

2017

(unaudited)

 

December 31,

2016

 

Level 3 – Embedded Derivative Liability

$

540,497

 

$                     

780,685


Changes in Level 3 assets measured at fair value for the nine months ended September 30, 2017 (unaudited) were as follows:


Balance, December 31, 2016

$

 780,685 

Portion of initial valuation recorded as debt discount

 

 110,631 

Amortization to gain on extinguishment upon conversion or payment

 

(253,004)  

Initial and change in fair value of derivative

 

 (97,815)

Balance, September 30, 2017 (unaudited)

$

 540,497


f) Revenue recognition

Rental Revenue Revenue is recognized when earned, generally starting when the rental customer takes temporary possession of the floating vessel and through their contracted stay. Revenue is recognized on a gross basis in accordance with ASC 605-45. Cost of Revenue includes the marina dockage fees and fees charged by the third party web site, where the floating vessel is advertised for rent.



F-8





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


f) Revenue recognition, (continued)

Sale Revenue  Revenue is recognized when earned, generally at closing of the sale of a vessel. Revenue is recognized on a gross basis in accordance with ASC 605-45. Cost of Revenue includes the capitalized cost of constructing a vessel.


g) Stock compensation for services rendered

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 of equity instruments over the shorter of period the employee or director is required to perform the services in exchange for the award or the vesting period. The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.


Pursuant to ASC 505-50, for share-based payments to non-employees, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.


h) Income Taxes

The LLC is a pass through entity for income tax purposes, therefore there is no income tax provision or liability for this entity through the Company’s incorporation date of May 11, 2015. As a result of the reorganization the Company became a taxable entity on May 11, 2015. Upon becoming a taxable entity, the Company began to use the asset and liability method of ASC 740 to account for income taxes. Under this method, deferred income taxes are determined based on the differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements which will result in taxable or deductible amounts in future years and are measured using the currently enacted tax rates and laws. A valuation allowance is provided to reduce net deferred tax assets to the amount that, based on available evidence, is more likely than not to be realized.


The Company follows the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.


As of September 30, 2017 tax years 2014, 2015 and 2016 for the LLC and 2015 and 2016 for the corporation remain open for IRS audit. The Company has received no notice of audit or any notifications from the IRS for any of the open tax years.




F-9





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


i) Convertible Notes With Fixed Rate Conversion Features


The Company  may issue convertible notes, which are convertible into common shares at a fixed discount to the price of the common stock at the time of conversion. The Company measures the fair value of the note at the time of issuance at the fixed monetary value of the payable and records any premium as interest expense on the issuance date.


j) Debt issue costs

The Company accounts for debt issuance cost paid to lenders, or third parties. The costs associated with the issuance of debt are recorded as debt discount and amortized over the life of the underlying debt instrument.


k) Derivatives

The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion, payment or exercise of a convertible note containing an embedded derivative instrument, the instrument is marked to fair value at the conversion date and the debt and derivative are removed from the balance sheet, The shares issued upon conversion of the note are recorded at their fair value and a  gain or loss on extinguishment is recognized, as applicable.


Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date.


l) Net income (loss) per share

Basic loss per share excludes dilution and is computed by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding for the period.  Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the Company.  Diluted loss per share  is computed by dividing the loss available to stockholders  by the weighted average number of shares outstanding for the period and dilutive potential shares outstanding unless consideration of such dilutive potential shares would result in anti-dilution. There were 255,096,992 and 16,511,370 common stock equivalents at September 30, 2017 (unaudited) and December 31, 2016, respectively.


m) Recent accounting pronouncements

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers,” which requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time based on when control of goods and services transfer to a customer. As a result, we do not expect significant changes in the presentation of our financial statements. This ASU is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and entities are permitted to apply either prospectively or retrospectively; early adoption is permitted.



F-10





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes,” which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet. As a result, each jurisdiction will now only have one net noncurrent deferred tax asset or liability. This ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and entities are permitted to apply either prospectively or retrospectively; early adoption is permitted. The Company is currently evaluating the effects, if any, that the adoption of this guidance will have on the Company’s financial position, results of operations and cash flows.


In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. The new standard principally affects accounting standards for equity investments, financial liabilities where the fair value option has been elected, and the presentation and disclosure


m) Recent accounting pronouncements (continued)

requirements for financial instruments. Upon the effective date of the new standards, all equity investments in unconsolidated entities, other than those accounted for using the equity method of accounting, will generally be measured at fair value through earnings. There will no longer be an available-for-sale classification and therefore, no changes in fair value will be reported in other comprehensive income for equity securities with readily determinable fair values. The new guidance on the classification and measurement will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption is permitted. The Company is in the process of evaluating the impact of the adoption of ASU 2016-01 on the Company’s financial position, results of operations and cash flows.


In February 2016, the FASB issued ASU 2016-02, “Leases” which, for operating leases, requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. The ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the effects that the adoption of ASU 2016-02 will have on the Company’s consolidated financial statements.


In April 2016, FASB issued Accounting Standards Update (“ASU”), 2016-10—Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements in Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year to annual reporting periods beginning after December 15, 2017. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition


In May 2016, FASB issued Accounting Standards Update (“ASU”), 2016-12— Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements for Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606):



F-11





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year to December 15, 2017. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition.


In December 2016, FASB issued Accounting Standards Update (“ASU”), 2016-20 — Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. The amendments in this Update affect the guidance in Update 2014-09, which is not yet effective. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements for Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition.


(4) CONSTRUCTION IN PROGRESS


Construction in progress represents the capitalized construction of its Luxuria floating vessel(s) being constructed for sale. At June 30, 2017, the Luxuria I was complete and transferred to fixed assets as it is held for rental and/or sale.


(5) PROPERTY AND EQUIPMENT


Property and Equipment held for sale consists of the following at September 30, 2017 (unaudited) and December 31, 2016:


 

 

September 30,

2017

 

 

December 31,

2016

Miss Leah floating vessel

 

 

 

-

Luxuria I floating vessel

 

677,180 

 

 

-

Less: accumulated depreciation

 

(16,930)

 

 

-

    Total P&E held for sale

 

660,250 

 

 

0


On September 25, 2014, the Company acquired the Miss Leah, a two story luxury floating vessel in the Cape Cod architectural style built on a barge platform. The Miss Leah was based at a marina in Boston harbor. It was rented out primarily through a third party rental management company on a short term vacation type basis. The Miss Leah was built in 2004 by the founder of the Company and subsequently sold in 2006 to his brother who established the Predecessor’s rental business.  Due to the related party relationship between the Company and the Predecessor the luxury floating vessel was recorded on the Company’s books at its original cost basis of $0 based on its fully depreciated value at the transfer date. As the Miss Leah has been recorded on the books of the Company at a value of $0, there is no depreciation recorded. On September 14, 2017, the Company sold the Miss Leah and recorded sales proceeds of $222,187, net of estimated sales tax due of $14,813.


On June 30, 2017, the Company transferred the Luxuria I, a two story luxury floating living vessel  in the South Florida architectural style, built on a barge platform, from construction in progress to fixed assets as it is complete. The Company has the Luxuria I available for either vacation rental or outright sale. As long as it is available for vacation rental the Company will record depreciation over a 20 year period.



F-12





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(5) PROPERTY AND EQUIPMENT (continued)


Property and Equipment consists of the following at September 30, 2017 (unaudited) and December 31, 2016:


 

 

September 30, 2017

 

 

December 31, 2016

Architectural plans

 

12,766 

 

 

12,766 

Furniture and equipment

 

6,295 

 

 

Less: accumulated amortization and depreciation

 

(3,173)

 

 

(1,368)

    Total P&E

 

15,888 

 

 

11,398 


The Company capitalized the costs of developing the architectural plans for the Luxuria model floating vessel and has begun amortizing the costs over their estimated useful life of seven years, beginning April 1, 2016. Amortization expense for the nine  months ended September 30, 2017, was $1,368.


(6) RENTAL PROPERTY AND RELATED NOTE  PAYABLE


On September 25, 2014, the Company acquired the Miss Leah, a two story luxury floating vessel in the Cape Cod architectural style built on a barge platform. The Miss Leah was based at a marina in Boston harbor. It was rented out primarily through a third party rental management company on a short term vacation type basis. The Miss Leah was built in 2004 by  the founder of the Company and subsequently sold in 2006 to his brother who established the Predecessor’s rental business.


The terms of this acquisition are for a payable to the related party Predecessor in the amount of $100,000, carrying interest at 2% per annum from the effective date of the transfer date of September 25, 2014 with all principal and interest due on the maturity date of June 20, 2022, which was memorialized in the form of a promissory note in June 2015, effective September 25, 2014. Due to the related party relationship between the Company and the Predecessor the luxury floating vessel was recorded on the Company’s books at its original cost basis of $0 based on its fully depreciated value at the transfer date. Accordingly, the Company charged additional paid-in capital in 2014 as a distribution for $100,000. Outstanding principal and interest totaled $105,961 at September 30, 2017 (unaudited).


(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES


a) Short term notes

Short term debt including accrued interest was, as follows, at September 30, 2017 (unaudited):


Note 1

$

40,467 

Note 2

280,187 

Note 3

11,473 

Note 4

966 

Note 5

50,717 

Less: unamortized debt discounts

(12,524)

Total short term notes, net

$

371,286 



F-13





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES, (continued)


a) Short term notes, (continued)

NOTE 1: On July 9, 2015, the company entered into a loan agreement in the amount of $151,700 with a shareholder. The company issued 250,000 common shares to the shareholder as consideration for providing us the loan. The shares were valued at $25,000, or $0.10 per share (based on the recent private placement sales) and was recorded as a discount and is being amortized at a rate of $2,083 per month over the life of the loan. The note bears interest at the rate of 10%. Prepaid interest in the amount of $15,000 and a loan fee of $1,700 were deducted from the proceeds of the loan. These were amortized each month at the rate of $1,250 and $142 over the life of the loan, respectively. We were obligated to pay the principal and interest due on July 9, 2016. The loan was secured by the Miss Leah, our company owned vessel.


The note holder sold $51,700 of this note to a third party in August 2016, and the Company modified the new $51,700 note to add a conversion feature at a conversion rate of 60% of the trading price of the Company’s common stock. This note is considered stock settled debt and accordingly the Company  recorded a premium on the debt of $34,467 as a charge to interest expense on the modification date. This third party converted $51,700 of this in exchange for 1,574,740 shares in August and the fourth quarter 2016, and the premium was reclassified to additional paid in capital.


The $100,000 remaining balance of the original note was renegotiated into a new note on December 5, 2016 which matured on July 15, 2017. This new note carries interest at a rate of 16.8% which is payable in cash monthly. The Company paid $10,660 in interest during the nine months ended September 30, 2017. This new note required the Company to issue 100,000 shares which were valued at $6,000 which was recorded as a discount to be amortized over the remaining life of the note. The remaining note balance and unamortized discount balance at September 30, 2017, is $40,000 (see following assignments) and $0 (unaudited).The $40,000 balance of Note 1 matured on July 15, 2017, and is in default. The Company and the lender are negotiating the terms of an extension.


This $100,000 note holder sold $60,000 of this note to three third parties on May 17, 2017, (unaudited) and the Company modified the new $20,000 notes to add a conversion feature at a conversion rate of $0.002 per share. The Company recorded a beneficial conversion feature discount of $20,000 for each of these three notes to be amortized over the life of these notes. These third parties converted $13,500 of these notes in exchange for 6,750,000 shares in June 2017. (See Note 7 b)). Two of these third parties converted $11,000 of these notes in exchange for 5,500,000 shares in July 2017. (See Note 7 b)). The remaining $40,000 balance matured on July 15, 2017 and is currently in default.


NOTE 2: On January 5, 2017, pursuant to a securities purchase agreement and a secured promissory note for $830,000 available in five tranches, the Company drew $170,000 and received $150,000 in cash net of $15,000 OID and $5,000 legal fees under this nine month secured promissory note. This note is secured by all the assets of the Company, inclusive of the Luxuria I and the Luxuria II, the member interests of its wholly owned LLC and personally guaranteed by Robert Rowe, CEO of the Company. The lender’s security interests are subordinate by law to the security interests of the August 11, 2016 lender.  This note is structured in multiple parts, first the initial $170,000 as drawn and a subsequent $660,000 which can be drawn at the Company’s option. This note does not carry a stated interest rate, (except it is 22% in event of default as defined in the promissory note), but carries an Original Issue Discount (OID) that totals $75,000 and is pro-rata on each tranche drawn. The OID will be amortized over the remaining life of the note from the date drawn. In addition, the Company is required to pay $5,000 of the lender’s legal fees which was applied to the first tranche drawn. which will also be recorded as debt discount and will be amortized over the nine month life of the note. The Company received the second tranche of $110,000 and received $100,000 in cash net of $10,000 OID under this note in March 2017. At September 30, 2017, the balance of this note and the unamortized discount is $280,000 and $604, respectively. This note became



F-14





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES, (continued)


a) Short term notes, (continued)


past due after its maturity date of October 5, 2017.


This note requires a partial prepayment if and when the Company sells the Luxuria I and Luxuria II, upon the receipt of which the lender has agreed to release the security interest in the vessels. This prepayment is 10% of the profits on the Luxuria I and 33% of the profits on the Luxuria II. If the Company rents/leases either the Luxuria I or II, then the prepayment is 20% of the gross rental revenue. The balance owed for rental revenue at September 30, 2017 is $187.


NOTES 3 AND 4: On April 19, 2017, the Company entered into an eight month financing of the $14,500 Luxuria I annual insurance premium. On June 15, 2017, the Company entered into a six month financing of the $3,211 Miss Leah 10 month insurance premium.


NOTE 5: On July 17, 2017, the company entered into a loan agreement in the amount of $50,000 with a shareholder. The company issued 1,000,000 common shares to the shareholder as consideration for providing us the loan. The shares were valued at $15,000, or $0.015 per share based on the quoted market price and was recorded as a debt discount and is being amortized at a rate of $1,250 per month over the life of the loan. The note bears interest at the rate of 12%, payable monthly.


b) Short term convertible notes

Short term convertible debt including accrued interest was, as follows, at September 30, 2017 (unaudited):


Convertible note 1

$

Convertible note 2

428,737 

Convertible note 3

15,690 

Convertible note 4

10,511 

Convertible note 5

10,511 

Convertible note 6 - related party

16,111 

Convertible note 7

65,216 

Convertible note 8

30,246 

Less: unamortized debt discounts

(102,881)

Less: Related party note, net

(1,629)

Total convertible notes, net

$

472,512 




F-15





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES, (continued)


b) Short term convertible notes, (continued)

NOTES 1 AND 2: On August 11, 2016, pursuant to a securities purchase agreement and a secured convertible promissory note for $610,000, the Company drew $305,000 and received $227,500 in cash under this six month secured convertible promissory note. This note is secured by all the assets of the Company, inclusive of the Miss Leah and the Luxuria 1, and the member interests of its wholly owned LLC. This note is structured in two parts, first the initial $305,000 as drawn and a subsequent $305,000 which can be drawn at the Company’s option in amount/s determined by the Company. This note does not carry a stated interest rate, but carries an Original Issue Discount (OID) that totals $100,000 and is proportional to the total amount borrowed. An OID of $50,000 was recorded as a discount to the note for the initial draw and was amortized over the six month life of the note. In addition, the Company is required to pay $10,000 of the lender’s legal fees (pro rata to the draws) and $22,500 of brokerage commission which was withheld from the initial $305,000 draw, both of which were also recorded as debt discounts and were amortized over the six month life of the note. Also, the Company is required to issue 100,000 shares of restricted common stock which was valued at $0.10 per share based on recent stock sales and recorded as a discount to the note and is being amortized over the six month life of the note. This note requires a $200,000 partial prepayment if and when the Company sells the Miss Leah. The note is personally guaranteed by the Company’s CEO, Robert Rowe. In event of default the note carries an interest rate equal to the lesser of 22% per annum or the maximum rate permitted under applicable law.


On October 5, 2016, the Company drew an additional $122,000 and received $92,000 in cash under this six month secured convertible promissory note. An OID of $20,000 was recorded as a discount to the note for the second draw and is being amortized over the remaining life of the note. On November 3, 2016, the Company drew an additional $183,000 and received $150,000 in cash under this six month secured convertible promissory note. An OID of $30,000 and legal costs of $3,000 were recorded as discounts to the note for the third draw and were  amortized over the remaining life of the note.


The total note is convertible into common stock upon an event of default as follows:


Lender has the right at any time following an Event of Default, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).


Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 60% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the twenty (20) Trading Days immediately preceding the applicable Conversion. Additionally, if at any time after the Effective Date, the Conversion Shares are not DTC Eligible, then the then-current Conversion Factor will automatically be reduced by 5% for all future Conversions. Finally, in addition to the Default Effect, if any Major Default occurs after the Effective Date (other than an Event of Default for failure to pay the Conversion Eligible Outstanding


Balance on the Maturity Date), the Conversion Factor shall automatically be reduced for all future Conversions by an additional 5% for each of the first three (3) Major Defaults that occur after the Effective Date (for the avoidance of doubt, each occurrence of any Major Default shall be deemed to be a separate occurrence for purposes of the foregoing reductions in Conversion Factor, even if the same Major Default occurs three (3) separate times). For example, the first time the Conversion Shares are not DTC Eligible, the Conversion Factor for future Conversions thereafter will be reduced from 60% to 55% for purposes of this example.



F-16





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES, (continued)


b) Short term convertible notes, (continued)

If, thereafter, there are three (3) separate occurrences of a Major Default pursuant to Section 4.1(a), then for purposes of this example the Conversion Factor would be reduced by 5% for the first such occurrence, and so on for each of the second and third occurrences of such Major Default.


Due to the variable conversion terms and certain default provisions, the embedded conversion option has been bifurcated and recorded as a derivative liability at an initial fair value of $378,624 with $217,500 recorded as a debt discount and $161,124 as a derivative expense. The October 5, 2016 draw resulted in an initial fair value of $113,616 with $92,000 recorded as a debt discount and $21,616 as a derivative expense.  The November 3, 2016 draw resulted in an initial fair value of $190,356 with $150,000 recorded as a debt discount and $40,356 as a derivative expense. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.50 to 0.10; conversion price range of $0.021 to $0.036; Bond equivalent yield rate between 0.29% to 0.63% and volatility ranging from 240% to 277%. At September 30, 2017, the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 of $0.017 with the conversion price of $0.01; Bond equivalent yield rate 1.12%.


On February 4, 2017, the maturity date was extended to May 11, 2017. Under the terms of this extension, the Company agreed to pay an additional $18,300 in interest at maturity. The Company recorded this interest as a debt discount and is amortizing it to maturity. At September 30, 2017, (unaudited) the unamortized balance is $0.


On March 22, 2017, the Company issued 1,000,000 shares of common stock to settle $30,000 of this note. These shares were valued at $0.073 per share, or $73,000, based on the quoted trading price, and after relieving the related derivative value a gain of $3,463 was recorded. (See Note 10)


In May 2017, the lender bifurcated the original note, which had a then remaining balance of $598,300, into two new notes, Note 1 with a principal balance of $200,000 and Note 2 with a principal balance of $416,249, which included a maturity extension fee of $17,949. Note 1 is collateralized with the Miss Leah and Note 2 with all Company’s assets including the Luxuria I. At September 30, 2017, (unaudited) the unamortized balance of the extension fee is $8,044.


Note 1 requires a mandatory partial prepayment of up to $200,000 if and when the Company sells the Miss Leah, upon the receipt of which the lender has agreed to release the security interest in the vessel. Note 2 contains no such provision.  All other provisions of the original note are carried over to these two new notes. The maturity date of theses two notes was August 11, 2017. On August 11, 2017, the lender agreed to negotiate three month extensions for both notes which was completed August 14, 2017, and combined extension fee of $17,619 was added to the principal balance of the notes.


On July 18, 2017, the Company issued 2,307,692 shares of common stock upon conversion $18,000 of Note 1. On August 10, 2017, the Company issued 3,800,000 shares of common stock upon conversion $10,944 of Note 1. The  convertible Notes 1 and 2 in the remaining balances of $182,000 and $416,249 matured on August 11, 2017, which was extended as discussed above. On November 11, 2017, the lender agreed to extend Note 2 for an additional three month period, which the Company expects to be finalized by November 22.


On September 14, the Company paid off the balance of Note 1 in the amount of $176,986 from the proceeds of the sale of the Miss Leah.


NOTE 3: On April 15, 2017, the Company entered into a 10% convertible promissory note in the amount of $15,000. In event of default the note carries an interest rate of 18%.



F-17





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES, (continued)


b) Short term convertible notes, (continued)


The total note is convertible into common stock as follows:


Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the0 following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).


Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 60% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the fifteen (15) Trading Days immediately preceding the applicable Conversion.


Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $13,472 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at April 15, 2017, (unaudited) $0.025 with the conversion price of $0.015; Bond equivalent yield rate 0.92%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized balance is $8,044 at September 30, 2017.


NOTES 4, 5 and 6: On May 17, 2017, (unaudited) As discussed in section a) above, the $100,000 note holder sold $60,000 of this note to three third parties, one of whom subsequently became a related party,  and the Company modified the new $20,000 notes to add a conversion feature at a conversion rate of $0.002 per share, with a maturity date of May 16, 2018. This was accounted for as a debt extinguishment and a beneficial conversion feature was recorded at issuance of $20,000 per note and will be amortized over the life of the notes. These third parties converted an aggregate of $13,500 of these notes in exchange for 6,750,000 shares in June 2017. On July 26, 2017, two of these third parties converted an aggregate of $11,000 of these notes  in exchange for 5,500,000 shares. In September 2017, the Company modified the conversion rate of these notes to $0.0005 per share, which was treated as debt extinguishment whereby the then remaining balance of the discount was amortized as interest expense and new beneficial conversion feature discounts totaling $35,500 were recorded which are being amortized over the remaining life of the notes. At September 30, 2017, the unamortized discount was $33,167.


NOTE 7: On June 8, 2017, pursuant to a securities purchase agreement and a one year  convertible promissory note for $63,000 the Company received $60,000. In addition, the Company is required to pay $2,500 of the lender’s legal fees and $500 of due diligence fees which were withheld from the funds provided. This note carries a 12% interest rate, with all interest due at maturity.


The total note is convertible into common stock as follows:


Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).



F-18





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES, (continued)


b) Short term convertible notes, (continued)

Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 61% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the ten (10) Trading Days immediately preceding the applicable Conversion.


Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $54,651 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at June 15, 2017, (unaudited) $0.017 with the conversion price of $0.0104; Bond equivalent yield rate 1.11%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.70; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized discount at September 30, 2017 was $40,372.


NOTE 8: On April 31, 2017, the Company entered into a 10% convertible promissory note in the amount of $30,000. In event of default the note carries an interest rate of 18%.


The total note is convertible into common stock as follows:


Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the0 following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).


Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 60% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the fifteen (15) Trading Days immediately preceding the applicable Conversion. Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $24,210 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at August 31, 2017, (unaudited) $0.0028 with the conversion price of $0.0018; Bond equivalent yield rate 1.08%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized balance is $20,262 at September 30, 2017.


(8) SHORT TERM LOAN - RELATED PARTY


On May 4, 2017, the Company borrowed $20,000 from the Company’s CEO under an informal agreement. This loan carries an interest rate of 8.98% and has a 36 month term. At September 30, 2017, (unaudited) this note balance is $18,168.


As a result of the September 5, 2017, conversion of accrued liability to a former third party consultant for 192,000,000 shares of common stock this third party consultant became a related party. Convertible Note 6 discussed in Note 7b) is owed to this party. This party is also the recipient of the shares discussed in Note 9a)



F-19





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(9) COMMITMENTS AND CONTINGENCIES


a) Stockholders deficit

The Company had the obligation to issue 1,000,000 shares of common stock on July 1, 2017, which has not been issued and has the obligation to issue 1,000,000 shares on January 1, 2018, under a three year consulting agreement entered into on December 1, 2016. These shares are earned per the agreement at 172,222 shares per monthand recognized as consulting fees and are valued at the market price for shares at the date they are earned.


b) Leases

The Company occupies dockage space for the Miss Leah pursuant to an agreement with SHM Marina Bay, LLC dated October 1, 2016. We pay annual rents of approximately $12,000. As a result of the September 2017, sale of the Miss Leah the SHM Marina Bay dockage agreement is terminated. The Company occupies dockage space for the Luxuria I pursuant to an agreement with Bahia Mar Marina Bay, LLC dated May 1, 2017. We pay annual rents of approximately $53,636. We occupy approximately four hundred (400) square feet of office space without charge at the residence of our Chief Executive Officer, President, Treasurer and Director, and  our Secretary.


c) Material Contracts and Agreements

On November 1, 2016, as amended in September 2017, the Company entered into a three year employment agreement with its CEO, Robert Rowe. This agreement calls for him to be paid $20,000 per month in cash and for the Company to issue him 10,000,000 shares of restricted common stock. These shares were issued and valued at the market price on the grant date, $0.0577 per share, for a total of $577,700, which was recorded as prepaid officer compensation and will be amortized over the one year vesting period. The agreement allows him to elect to convert any accrued compensation due him for common stock at a 40% discount market or at such price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as compensation expense. On September 5, 2017, upon partial conversion the Company recognized a $515,000 conversion loss.


On December 1, 2016, we entered into an agreement (the Agreement) with Oceanside Equities, Inc., (Oceanside), a Florida corporation that provides consulting services. Oceanside agreed to provide us with services from December 1, 2016 until December 1, 2019, in exchange for a one time fee of $20,000 in cash; $16,000 per month accrued and payable in either cash or shares of restricted common stock at the Company’s election and three million one hundred thousand (3,100,000) shares of our restricted common stock, issued 1,100,000 on January 1, 2017, 1,000,000 issued on July 1, 2017 and 1,000,000 issued on January 1, 2018.  We will value these shares at the market price on the date they are earned which will be recognized over the term of the contract at the rate of 172,222 shares per month. The agreement allows Oceanside to elect to convert any accrued compensation due him for common stock at a 50% discount market or at such lower price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as consulting fee expense. On September 5, 2017, upon partial conversion the Company recognized a $480,000 conversion loss.


On May 19, 2017, as amended in September 2017, the Company entered into a two year consulting agreement with a related party, Ron Rowe II. This agreement calls for him to be paid $8,000 per month in cash and for the Company to issue him 5,000,000 shares of restricted common stock. These shares were issued and valued at the market price on the grant date, $0.029 per share, for a total of $145,000, which was recorded as immediate consulting expense since it was issued for past services. The agreement allows the consultant to elect to convert any accrued compensation due him for common stock at a 40% discount market or at such lower price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as compensation expense. On September 5, 2017, upon partial conversion the Company recognized a $120,000 conversion loss.




F-20





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(9) COMMITMENTS AND CONTINGENCIES, (continued)


d) Investment Banking Agreement

In February 2016 the Company entered into a two year investment banking agreement to raise capital. Pursuant to this agreement the Company is obligated to pay a cash success fee between 6% and 10%, depending on the amount raised as well as issue common stock in the amount of 4% of the amount raised. This agreement has been terminated.


e) Common Stock Subscription Agreement

In the last quarter of 2014, as memorialized in May 2015, the Company received a stock subscription agreement from a now former officer and director of the Company for 1,500,000 shares of common stock in exchange for $250,000 in cash or cash equivalents, such as labor and materials for the construction of the barge bottom, or $0.167 per share. Through June 30, 2016 this former officer and director has paid $55,000 and received 330,000 shares, respectively. In August 2016, the Company issued 425,000 shares of our restricted common stock to this former officer and director in exchange for the construction of the barge bottom for Luxuria I, delivered in February, valued at $70,000, based on a signed negotiated agreement.


f) Legal Matters

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of September 30, 2017 (unaudited), there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations.


This party discussed in e) above has not accepted the stock certificate and recently informed the Company that they want to renegotiate since the market price of the common stock has fallen below the negotiated signed contractual price per share.


(10) STOCKHOLDERS’ DEFICIT


At September 30, 2017 (unaudited) and December 31, 2016, the Company has 1,000,000,000 shares of par value $0.0001 common stock authorized and 509,044,099 (unaudited) and 21,333,629 issued and outstanding, respectively; the Company has 10,000,000 shares of par value $0.0001 preferred stock authorized and 1,000,000 and 1,000,000 Redeemable Series A preferred shares issued and outstanding, respectively.


On January 1, 2017, the Company issued 927,778 shares of common stock under a consulting agreement. These shares were valued at $0.08 per share, or $62,834. On January 12, 2017, the Company issued 100,000 shares of common stock pursuant to the replacement $100,000 promissory note. These shares were valued at $0.06 per share, or $6,000, which was recorded as a debt discount and is being amortized over the remaining life of the loan. On January 18, 2017, the Company issued 200,000 shares of common stock under a consulting agreement. These shares were valued at $0.08 per share, or $16,000. On January 23, 2017, the Company issued 250,000 shares of common stock under a consulting agreement. These shares were valued at $0.14 per share, or $33,750.


On March 22, 2017, the Company issued 1,000,000 shares of common stock to settle $30,000 of the outstanding convertible debt. These shares were valued at $0.073 per share, or $73,000 based on the quoted trading price, and after relieving the related derivative value a gain of $3,463 was recorded. (See Note 7)




F-21





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(10) STOCKHOLDERS’ DEFICIT, (continued)


On May 4, 2017, the Company issued 75,000 shares  of common stock under a consulting agreement. These shares were valued at $0.035 per share, or $2,625. On May 19, 2017, the Company issued 5,000,000 and 5,000,000 shares  of common stock to the Company’s two officers in exchange for services rendered. These shares were valued at $0.029 per share, or $145,000 and $145,000.  On May 19, 2017, the Company issued 5,000,000 shares  of common stock to the brother of the Company’s CEO in exchange for services rendered. These shares were valued at $0.029 per share, or $145,000. On May 25, 2017, the Company issued 4,800,000  shares  of common stock to settle $48,000 of expenses accrued under a consulting agreement. These shares were valued at $0.013 per share, or $62,400. Accordingly, the Company recorded $14,400 as a loss on accrued expenses settlement. On June 17, 2017, the Company issued 2,250,000; 2,250,000 and 2,250,000 shares  of common stock to three parties to settle an aggregate $13,500 of debt of Convertible Notes 4, 5 and 6. These shares were valued at $0.002 per share, or $4,500; $4,500 and $4,500.


On July 17, 2017 the Company issued 1,000,000 shares as a loan fee to a third party. These shares were valued at the quoted market price of  $0.015 per share, or $15,000. On July 18, 2017, the Company issued 2,307,692 shares of common stock upon conversion of  $18,000 of outstanding convertible debt. On July 18, 2017, the Company issued 5,500,000 shares of common stock upon conversion of  $11,000 of outstanding convertible debt. On August 18, 2017, the Company issued 3,800,000 shares of common stock upon conversion of $10,944 of outstanding convertible debt.  On September 5, 2017, the Company issued 446,000,000 shares of common stock upon conversion of $223,000 of accrued liabilities to three related parties and recognized a loss of $1,115,000, charging officer compensation $515,000 and related party professional fees $600,000. The shares were valued at the quoted market price of $0.003 on that date.


Share valuations for services and settlements were based on the quoted trading price on the requisite measurement dates.


(11) RELATED PARTIES


a) Rental property

On September 25, 2014, the Company acquired the Miss Leah, a luxury floating vessel built on a barge platform from the Predecessor which is owned by the founders brother. As part of this acquisition transaction the Company issued a promissory note in June 2015 to the Predecessor in the amount of $100,000, carrying an interest rate of 2% effective September 25, 2014, with a maturity date of June 20, 2022. The Company recorded the payable in September 2014 which was formalized with this promissory note in June 2015. At September 30, 2017 (unaudited) and December 31, 2016, the Company had accrued interest of $5,961 and $4,482, respectively.


b) Related party payable

In the last quarter 2014, the Predecessor continued to receive some of the revenue from and to pay some of the expenses related to the rental of the Miss Leah. The Company has established a payable to the Predecessor for the net differential of $3,888 and recorded the related revenue and expenses in the Company’s records.


c) Common stock subscription receivable

In the last quarter 2014 as memorialized in May 2015, the Company received a stock subscription agreement from a now former director of the Company for 1,500,000 shares of common stock in exchange for $250,000 in cash or cash equivalents, or $0.167 per share. In 2014 and 2015 this now former director contributed $5,000 and $50,000 and received 30,000 and 300,000 shares, respectively. In 2016 he constructed the barge bottom for the Luxuria I and received 425,000 shares valued at $70,000. (See Note 9 f))




F-22





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(11) RELATED PARTIES, (continued)


d) Payments to related parties during each period of operations presented:


 

Nine Months ended September 30, 2017

 

Nine Months ended September 30, 2016

 

(Unaudited)

 

(Unaudited)

Commissions - daughter of founder

$

2,383

 

$

3,440

Construction management - brother of founder

$

28,500

 

$

-

Construction management - nephew of founder

$

24,000

 

$

-



e) Short term loans

On May 4, 2017, the Company borrowed $20,000 from the Company’s CEO under an informal agreement. This loan carries an interest rate of 8.98% and has a 36 month term. At September 30, 2017, (unaudited) this note balance is $18,168.


As a result of the September 5, 2017, conversion of accrued liability to a former third party consultant for 192,000,000 shares of common stock this third party consultant became a related party. Convertible Note 6 discussed in Note 7b) is owed to this party. This party is also the recipient of the shares discussed in Note 9a)


(12) CONCENTRATIONS OF RISK


The Company has only one revenue producing asset at September 30, 2017, the floating vessel which is located in Ft. Lauderdale, Florida, and is available for sale. The Company primarily utilizes one booking agent to schedule bookings from customers and collect the revenue. If required the Company believes it could obtain bookings through an alternative provider.


The Company transferred the Luxuria I, which is located in Ft. Lauderdale, Florida, from Construction in progress to Property and equipment held for sale on June 30, 2017. The Company has this vessel listed with two booking agents to schedule bookings from customers and collect the revenue and also has it listed for sale.


The Company maintains its cash in bank deposit accounts, which may, at times, may exceed federally insured limits. The Company had no cash balances in excess of FDIC insured limits at September 30, 2017 (unaudited) and December 31, 2016, respectively.


(13) SUBSEQUENT EVENTS


a) Short term notes

The note in the remaining balance of $280,000 matured on October 11, 2017. On November 17, 2017, the lender agreed to extend this note for an additional three month period which is expected to be finalized by November 22, 2017, for an extension fee expected to be in the amount of approximately $8,400.




F-23





Global Boatworks Holdings, Inc.

Notes to Consolidated Financial Statements

(Information as to the nine months ended September 30, 2017 is unaudited)


(13) SUBSEQUENT EVENTS, (continued)


b) Short term convertible notes

The convertible Note 2 in the remaining balance of $428,737 matured on November 11, 2017. On November 17, 2017, the lender agreed to extend this note for an additional three month period which is expected to be finalized by November 22, 2017, for an extension fee expected to be in the amount of approximately $12,800.


In October 2017, pursuant to a securities purchase agreement and a one year  convertible promissory note for $43,000 the Company received $40,000. In addition, the Company is required to pay $2,500 of the lender’s legal fees and $500 of due diligence fees which were withheld from the funds provided. This note carries a 12% interest rate, with all interest due at maturity.


The total note is convertible into common stock as follows:


Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).


Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 61% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the ten (10) Trading Days immediately preceding the applicable Conversion.


c) Stockholders’ deficit

In October 2017, the Board of Directors of the Company and a majority in interest of the shareholders of the Company approved an increase in the number of authorized common shares from 1,000,000,000 (One Billion) to 5,000,000,000 (Five Billion). The articles of incorporation of the Company were amended effecting the increase.




F-24





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


We were founded in September of 2014 to commercialize luxury living floating vessels. We plan to generate revenues from the sale of and rental of the vessels initially in South Florida. Our newly developed Luxuria model features a South Florida modern style, and is approximately one thousand six hundred (1,600) square feet under air. The vessel offers amenities typically found in a luxury home.


Three (3) Months Ended September 30, 2017 and 2016


We had vessel sale revenues of $222,187 and $0 for the three (3) months ended September 30, 2017 and 2016.


We had rental revenues of $14,840 and $21,913 for the three (3) months ended September 30, 2017 and 2016, respectively, or a 32.3% decrease.


Cost of rental revenues was $17,731 compared to $3,510 for the three (3) months ended September 30, 2017 and 2016, respectively, or a 405.2% increase. This increase was primarily due to the Luxuria I becoming available for rent and sale on July 1, 2017.


Cost of vessel sales was $0, because the Miss Leah vessel was recorded at zero depreciated cost on the Company’s books.


Gross margin was $219,296 and $18,403 for the three (3) months ended September 30, 2017 and 2016, respectively.


General and administrative expenses, including depreciation and amortization, were $785,827 compared to $40,993 for the three (3) months ended September 30, 2017 and 2016, respectively, an increase of 1,817%. General and administrative expenses are principally composed of public company expenses, insurance, maintenance, officer pay, and travel. The primary cause of the increase was stock based compensation for the officers of the Company.


Our professional fees, including related party fees, were $741,594 compared to $48,170 for the three (3) months ended September 30, 2017 and 2016, respectively. This includes stock based fees of $600,000 related to the conversion of accrued fees.


Our interest expense was $84,067 compared to $118,062 for the three (3) months ended September 30, 2017 and 2016, respectively, a decrease of $33,995 or 28.8%. This decrease is due to the interest expense accrued on the note payable to affiliate for the acquisition of the vessel and the amortization of prepaid interest, loan fee and loan discount on short term loans.


Our derivative expense and change in fair value of derivative was ($108,326) for the three months ended September 30, 2017 and ($186,660) for the three months ended September 30, 2016.


We recorded a net loss of ($1,323,029) compared to ($375,482) for the three (3) months ended September 30, 2017 and 2016, respectively.


Nine (9) Months Ended September 30, 2017 and 2016


We had vessel sale revenues of $222,187 and $0 for the nine (9) months ended September 30, 2017 and 2016.


We had rental revenues of $30,955 and $34,553 for the nine (9) months ended September 30, 2017 and 2016, respectively, or a 10.4% decrease.


Cost of rental revenues was $21,448 compared to $11,585 for the nine (9) months ended September 30, 2017 and 2016, respectively, or an 85.1% increase. This increase was primarily due to the Luxuria I becoming available for rent and sale on July 1, 2017.



3






Cost of vessel sales was $0, because the Miss Leah vessel was recorded at zero depreciated cost on the Company’s books.



Gross margin was $231,694 and $22,968 for the nine (9) months ended September 30, 2017 and 2016, respectively.


General and administrative expenses, including depreciation and amortization, were $1,524,039 compared to $114,365 for the nine (9) months ended September 30, 2017 and 2016, respectively, an increase of 1,233%. General and administrative expenses are principally composed of public company expenses, insurance, maintenance, officer pay and travel. The primary increase was in stock based compensation for the officers.


Our professional fees, including related party fees, were $1,203,675 compared to $112,903 for the nine (9) months ended September 30, 2017 and 2016, respectively. This includes stock based fees of $600,000 related to the conversion of accrued fees in the third quarter.


Our interest expense was $351,088 compared to $141,066 for the nine (9) months ended September 30, 2017 and 2016, respectively, an increase of $210,022 or 149%. This increase is due to the interest expense accrued on the note payable to affiliate for the acquisition of the vessel and the amortization of prepaid interest, loan fee and loan discount on short term loans


Our derivative expense and change in fair value of derivative was an income of $97,815 for the nine months ended September 30, 2017 and an expense of $186,660 for the nine months ended September 30, 2016.


We recorded a net loss of ($2,582,781) compared to ($532,036) for the nine (9) months ended September 30, 2017 and 2016, respectively.


Liquidity and Capital Resources Cash Flow Activities


Cash Flow Activities


Our cash decreased $1,141 for the nine months ended September 30, 2017. We used $290,774 of cash in operating activities during the nine months. Our operating activities consisted primarily of completing the construction of the Luxuria I. We received $13,705 in our investing activities and our financing activities provided $275,928 in cash.


Financing Activities


During the nine (9) months ended September 30, 2017 we funded our working capital requirements principally through the proceeds of third party loans in the amount of $443,000.


Critical Accounting Policies and Estimates


The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires our management to make assumptions, estimates and judgments that affect the amounts reported in the financial statements, including the notes thereto, and related disclosures of commitments and contingencies, if any. We consider our critical accounting policies to be those that require the more significant judgments and estimates in the preparation of financial statements, including the following:


Use of Estimates


The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those



4





estimates.


Fair Value of Financial Instruments


Our financial instruments consist of cash and cash equivalents, prepaid expenses, payables and accrued expenses. Fair value estimates are made at a specific point in time, based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. We consider the carrying values of our financial instruments in the consolidated financial statements to approximate fair value, due to their short-term nature.


Revenue Recognition


Rental Revenue Revenue is recognized when earned, generally starting when the rental customer takes temporary possession of the floating vessel and through their contracted stay. Revenue is recognized on a gross basis in accordance with ASC 605-45. Cost of Revenue includes the marina dockage fees and fees charged by the third-party web site , where the floating vessel is advertised for rent.


Sale Revenue  Revenue is recognized when earned, generally at closing of the sale of a vessel. Revenue is recognized on a gross basis in accordance with ASC 605-45. Cost of Revenue includes the capitalized cost of constructing a vessel.


Construction in progress


Costs to construct vessels are capitalized during the construction phase. Upon completion of a vessel the Company will either sell the vessel or place in it service as a rental property. If the vessel is to be leased the construction costs are transferred to property and equipment held for sale and depreciated over its useful life.


Property and Equipment


Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is provided for using straight-line methods over the estimated useful lives of the respective assets.


Valuation of Long-Lived Assets


We periodically evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated future cash flows (undiscounted and without interest charges) from the use of an asset were less than the carrying value, a write-down would be recorded to reduce the related asset to its estimated fair value.


Derivatives


The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion, payment or exercise of a convertible note containing an embedded derivative instrument, the instrument is marked to fair value at the conversion date and the debt and derivative are removed from the balance sheet.  The shares issued upon conversion of the note are recorded at their fair value and gain or loss on extinguishment is recognized as applicable.


Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date.






5





Off-Balance Sheet Arrangements


We do not have any off-balance sheet arrangements as defined in Regulation S-K Item 303(a)(4).


Recent Accounting Pronouncements


(See “Recently Issued Accounting Pronouncements” in Note 3 m) of Notes to the unaudited consolidated Financial Statements.)


Plan of Operations


Historically, we generated revenue from the short-term vacation rental of the Miss Leah, a company owned vessel located in Boston Harbor, Massachusetts. We sold the Miss Leah in September 2017. As of June 30, 2017, we transferred the Luxuria I from construction in process to fixed assets held for rental and sale. We have the Luxuria I listed both for sale and for rental. Early in the third quarter the Luxuria I was rented.


As of September 30, 2017, we had cash on hand of $9,370 for our operational needs. Currently, our operating expenses are approximately $12,500 per month.


We were obligated to repay an outstanding loan in one lump payment in the amount of $40,000 on July 15, 2017, which is past due as of the date of this filing and is under negotiations for an extension. We were obligated to repay an outstanding loan in the amount of $428,737 on November  11, 2017, which is past due as of the date of this filing and are under negotiations for an extension. We are obligated to repay an outstanding loan in one lump payment in the amount of $280,187 on October 5, 2017, which is past due as of the date of this filing and are under negotiations for an extension. We are obligated to repay an outstanding loan in one lump payment in the amount of $15,000 on October 15, 2017, which is past due as of the date of this filing but is expected to be converted to common stock. We are obligated to repay three outstanding loans in one lump payment in the amounts of $10,000; $10,000 and $15,500 on May 17, 2018. We are obligated to repay an outstanding loan in one lump payment in the amount of $63,000 on June 7, 2018.


If we fail to generate sufficient revenues or raise additional funds to meet our monthly operating costs we would have available cash for our operating needs for approximately zero (0) months.


We plan to focus our future efforts on commercializing luxury stationary vessels designed in a South Florida modern style. We completed the design of the Luxuria model in the first quarter of 2015. Luxuria I is approximately 1,900 square feet, with two (2) bedrooms and bathrooms, and sleeps up to nine (6) people and was completed as of June 30, 2017.


We plan to use the Luxuria as a short-term vacation rental property in South Florida and also have it listed for outright sale. We believe that using the Luxuria as a short-term vacation rental in South Florida could provide a year round source of cash flow.


While rental of the Luxuria is expected to provide a relatively steady revenue stream to us, the construction and sale of custom designed and built luxury floating vessels are expected to generate significantly greater revenues and potential profits.


We anticipate that each vessel will cost approximately $600,000 to construct. Construction will take between three (3) to four (4) months, per vessel. We will require additional funds to develop and carry out our future plans including construction of our second Luxuria class vessel which has not yet commenced. We plan to begin marketing each vessel when manufacturing commences.


Our first Luxuria barge bottom was delivered to us in late February 2016. We issued 425,000 shares of our common stock as payment for this barge bottom, valued at $70,000, or $0.16 per share, under an agreement dated August 11, 2016, at which time the market price of the stock was $0.23 per share. This party has not accepted the stock certificate and recently informed the Company that they want to renegotiate since the market price of the common stock has fallen below the negotiated signed contractual price per share.



6






The retail price of the Luxuria is between $1,200,000 and $1,500,000. The subsequent sale of the Luxuria vessel would provide sufficient capital to repay the remaining balance of the Company’s debt.


 We are currently marketing the Luxuria models to yacht brokers, real estate brokers and boat dealerships.


Our cash balance at September 30, 2017 was approximately $9,370, which is approximately zero (0) months of net cash outflow.


We have an accumulated deficit of approximately $4,187,700 from inception to September 30, 2017. A  portion of this accumulated deficit is the result of a non-cash expenses such as the issuance of common stock for services rendered, amortization of beneficial conversion feature discounts and amortization of embedded derivative value discounts on convertible debt.


Our future plans are contingent upon the receipt of capital from either: (i) the receipt of at least $500,000 from the sale of our securities or (ii) the sale of our company owned vessel.


Until such time as the Luxuria I is sold, we will continue to rent the vessel on a vacation rental basis. We are marketing the Luxuria models to yacht brokers, real estate brokers and boat dealerships and have showed it in the Ft Lauderdale boat show in November 2017.


Should we receive funding of $500,000 from the sale of our securities in the future we plan to construct a second Luxuria model vessel.


On August 11, 2016, pursuant to a securities purchase agreement and a secured convertible promissory note for $610,000, the Company drew $305,000 and received $227,500 in cash under this six month secured convertible promissory note. This note is secured by all the assets of the Company, inclusive of the Miss Leah and the Luxuria 1, and the member interests of its wholly owned LLC. This note is structured in two parts, first the initial $305,000 as drawn and a subsequent $305,000 which can be drawn at the Company’s option in amount/s determined by the Company. This note does not carry a stated interest rate, but carries an Original Issue Discount (OID) that totals $100,000 and is proportional to the total amount borrowed. An OID of $50,000 was recorded as a discount to the note for the initial draw and was amortized over the six month life of the note. In addition, the Company is required to pay $10,000 of the lender’s legal fees (pro rata to the draws) and $22,500 of brokerage commission which was withheld from the initial $305,000 draw, both of which were also recorded as debt discounts and were amortized over the six month life of the note. Also, the Company is required to issue 100,000 shares of restricted common stock which was valued at $0.10 per share based on recent stock sales and recorded as a discount to the note and is being amortized over the six month life of the note. This note requires a $200,000 partial prepayment if and when the Company sells the Miss Leah. The note is personally guaranteed by the Company’s CEO, Robert Rowe. In event of default the note carries an interest rate equal to the lesser of 22% per annum or the maximum rate permitted under applicable law.

On October 5, 2016, the Company drew an additional $122,000 and received $92,000 in cash under this six month secured convertible promissory note. An OID of $20,000 was recorded as a discount to the note for the second draw and is being amortized over the remaining life of the note. On November 3, 2016, the Company drew an additional $183,000 and received $150,000 in cash under this six month secured convertible promissory note. An OID of $30,000 and legal costs of $3,000 were recorded as discounts to the note for the third draw and were amortized over the remaining life of the note.

The total note is convertible into common stock upon an event of default as follows:


Lender has the right at any time following an Event of Default, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share



7





(“Common Stock”), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).

Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 60% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the twenty (20) Trading Days immediately preceding the applicable Conversion. Additionally, if at any time after the Effective Date, the Conversion Shares are not DTC Eligible, then the then-current Conversion Factor will automatically be reduced by 5% for all future Conversions. Finally, in addition to the Default Effect, if any Major Default occurs after the Effective Date (other than an Event of Default for failure to pay the Conversion Eligible Outstanding

Balance on the Maturity Date), the Conversion Factor shall automatically be reduced for all future Conversions by an additional 5% for each of the first three (3) Major Defaults that occur after the Effective Date (for the avoidance of doubt, each occurrence of any Major Default shall be deemed to be a separate occurrence for purposes of the foregoing reductions in Conversion Factor, even if the same Major Default occurs three (3) separate times). For example, the first time the Conversion Shares are not DTC Eligible, the Conversion Factor for future Conversions thereafter will be reduced from 60% to 55% for purposes of this example. If, thereafter, there are three (3) separate occurrences of a Major Default pursuant to Section 4.1(a), then for purposes of this example the Conversion Factor would be reduced by 5% for the first such occurrence, and so on for each of the second and third occurrences of such Major Default.

Due to the variable conversion terms and certain default provisions, the embedded conversion option has been bifurcated and recorded as a derivative liability at an initial fair value of $378,624 with $217,500 recorded as a debt discount and $161,124 as a derivative expense. The October 5, 2016 draw resulted in an initial fair value of $113,616 with $92,000 recorded as a debt discount and $21,616 as a derivative expense.  The November 3, 2016 draw resulted in an initial fair value of $190,356 with $150,000 recorded as a debt discount and $40,356 as a derivative expense. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.50 to 0.10;  conversion price range of $0.021 to $0.036; Bond equivalent yield rate between 0.29% to 0.63% and volatility ranging from 240% to 277%. At September 30, 2017, the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 $0.017 with the conversion price of $0.01; Bond equivalent yield rate 1.12%.

On February 4, 2017, the maturity date was extended to May 11, 2017. Under the terms of this extension, the Company agreed to pay an additional $18,300 in interest at maturity. The Company recorded this interest as a debt discount and is amortizing it to maturity. At September 30, 2017, (unaudited) the unamortized balance is $0.

On March 22, 2017, the Company issued 1,000,000 shares of common stock to settle $30,000 of this note. These shares were valued at $0.073 per share, or $73,000, based on the quoted trading price, and after relieving the related derivative value a gain of $3,463 was recorded. (see Note 10)


Item 3.  Quantitative and Qualitative Disclosures About Market Risk

 

Smaller reporting companies are not required to provide the information required by this item.


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 President, Chief Financial Officer, Secretary, Treasurer and Director, 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 period



8





covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures were effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure for the reasons discussed below.

 

Changes in Internal Control Over Financial Reporting

 

There have been no changes in the Company’s internal controls over financial reporting during the three-month period ending September 30, 2017, or in other factors that could significantly affect these controls, that materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.




9





PART II:  OTHER INFORMATION


Item 1.  Legal Proceedings


From time to time, the Company may become involved in litigation relating to claims arising out of its operations in the normal course of business.  To the best of our knowledge, no governmental authority is contemplating any proceeding to which we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on the Company.


Item 1A.  Risk Factors


Smaller reporting companies are not required to provide the information required by this item.


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


On July 1, 2017 the Company was obligated to issue 1,000,000 common shares to a consultant as compensation pursuant to a consulting agreement, however these shares have not yet been issued.


On July 17, 2017 the Company issued 1,000,000 common shares in connection with a loan received by the Company.


On September 6, 2017 the Company converted certain accrued and unpaid consulting fees and salary resulting in the issuance of 446,000,000 common shares. Robert Rowe, the Company’s CEO was issued 206,000,000 common shares for accrued and unpaid salary, Ronald Rowe II was issued 48,000,000 common shares for accrued and unpaid consulting fees and Oceanside Equities was issued 192,000,000 common shares for accrued and unpaid consulting fees.


All the common shares were issued pursuant to an exemption from registration and the certificates carry a restrictive legend.


Item 3.  Defaults Upon Senior Securities


None.


Item 4.  Mine Safety Disclosures


Not applicable.


Item 5.  Other Information


Item 6.  Exhibits


 

 

 

 

 

 

 

 

 

 

 

Exhibit

No.

 

Exhibit Description

 

Incorporated By Reference

 

Filed

Herewith

 

 

 

 

Form

 

Date

 

Number

 

 

 

 

 

 

 

 

 

 

 

 

 

31.1

 

Certification Pursuant to Rules 13a-14(a) under the Securities Exchange Act of 1934 as amended

 

 

 

 

 

 

 

X

32.1

 

Certification Pursuant to 18 U.S.C. Section 1350

 

 

 

 

 

 

 

X



10









SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, there unto duly authorized.

 

Global Boatworks Holdings, Inc.


/s/ Robert Rowe

Name: Robert Rowe

Chief Executive Officer and Chief Financial Officer

(Principal Executive Officer and Principal Financial Officer)

Dated: December 20, 2017




11


EX-31.1 2 ex31_1apg.htm EXHIBIT 31.1 EXHIBIT 31.1

 

 

Exhibit 31.1


CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND

PRINCIPAL FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002


I, Robert Rowe, certify that:


1.  I have reviewed this quarterly report on Form 10-Q of Global Boatworks Holdings, Inc. for the period ending September 30, 2017;


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 quarterly report;


3.  Based on my knowledge, the financial statements, and other financial information included in this quarterly 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 quarterly report;


4.  The registrant’s other certifying officer 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 controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a)  designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under 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 quarterly 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;


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 a quarterly report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;


5.  The registrant’s other certifying officer 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 function):


a)  all significant deficiencies and material weaknesses in the design or operation of internal controls 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 controls over financial reporting.


/s/ Robert Rowe
Robert Rowe
(Principal Executive Officer and

Principal Financial Officer)

Date: December 20, 2017



EX-32.1 3 ex32_1apg.htm EXHIBIT 32.1 EXHIBIT 32.1

 

 

Exhibit 32.1


CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND

PRINCIPAL FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report on Form 10-Q of Global Boatworks Holdings, Inc. (the “Company” ) for the quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on the date hereof (the  “ Report ” ), Robert Rowe, Chief Executive Officer of the Company, certifies, pursuant to 18 U.S.C. section 1350 of the Sarbanes-Oxley Act of 2002, that:

 

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


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

 

Date: December 20, 2017

/ s /Robert Rowe

Robert Rowe
Chief Executive Officer

(Principal Executive Officer and 
Principal Financial Officer)

 

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




EX-101.INS 4 gbbt-20170930.xml XBRL INSTANCE FILE 0001647705 2017-09-30 0001647705 2016-12-31 0001647705 2017-07-01 2017-09-30 0001647705 2016-07-01 2016-09-30 0001647705 2017-01-01 2017-09-30 0001647705 2016-01-01 2016-09-30 0001647705 2015-12-31 0001647705 2016-06-30 0001647705 gbbt:Note1Member 2017-09-30 0001647705 gbbt:Note2Member 2017-09-30 0001647705 gbbt:Note3Member 2017-09-30 0001647705 gbbt:Note4Member 2017-09-30 0001647705 gbbt:LessUnamortizedDebtDiscountsMember 2017-09-30 0001647705 gbbt:TotalShortTermNotesNetMember 2017-09-30 0001647705 gbbt:Note1Member 2015-07-09 0001647705 gbbt:Note2Member 2017-01-05 0001647705 gbbt:Note3LuxuriaIMember 2017-04-19 0001647705 gbbt:MissLeahMember 2017-06-15 0001647705 gbbt:ConvertibleNote1Member 2017-09-30 0001647705 gbbt:ConvertibleNote2Member 2017-09-30 0001647705 gbbt:ConvertibleNote3Member 2017-09-30 0001647705 gbbt:ConvertibleNote4Member 2017-09-30 0001647705 gbbt:ConvertibleNote5Member 2017-09-30 0001647705 gbbt:ConvertibleNote6Member 2017-09-30 0001647705 gbbt:ConvertibleNote7Member 2017-09-30 0001647705 gbbt:UnamortizedDebtDiscountsMember 2017-09-30 0001647705 gbbt:TotalConvertibleNotesNetMember 2017-09-30 0001647705 gbbt:ConvertibleNote1Member 2016-08-11 0001647705 gbbt:ConvertibleNote2Member 2016-10-05 0001647705 2017-03-22 0001647705 gbbt:Note1MissLeahMember 2017-05-31 0001647705 gbbt:Note2LuxuriaIMember 2017-05-31 0001647705 2017-05-31 0001647705 gbbt:ConvertibleNote3Member 2017-04-15 0001647705 2017-05-04 0001647705 gbbt:ConsultingAgreementMember 2017-06-30 0001647705 gbbt:RobertRoweMember 2016-11-01 0001647705 gbbt:OceansideEquitiesIncMember 2016-12-09 0001647705 gbbt:ConsultingAgreementMember 2017-01-02 0001647705 gbbt:ConsultingAgreementMember 2017-01-18 0001647705 gbbt:ConsultingAgreementMember 2017-01-23 0001647705 2017-01-01 2017-03-31 0001647705 gbbt:ConsultingAgreementMember 2017-05-04 0001647705 gbbt:ConsultingAgreementMember gbbt:Officer1Member 2017-05-19 0001647705 gbbt:ConsultingAgreementMember gbbt:Officer2Member 2017-05-19 0001647705 gbbt:ConsultingAgreementMember gbbt:BrotherOfTheCeoMember 2017-05-19 0001647705 gbbt:ConsultingAgreementMember 2017-05-25 0001647705 gbbt:DebtConversionMember gbbt:Party1Member 2017-06-17 0001647705 gbbt:DebtConversionMember gbbt:Party2Member 2017-06-17 0001647705 gbbt:DebtConversionMember gbbt:Party3Member 2017-06-17 0001647705 gbbt:ConsultingAgreementMember gbbt:Party1Member 2017-01-23 0001647705 gbbt:ConsultingAgreementMember gbbt:Party2Member 2017-01-23 0001647705 gbbt:ConsultingAgreementMember gbbt:Party3Member 2017-01-23 0001647705 2014-09-25 0001647705 2017-11-17 0001647705 2016-09-30 0001647705 us-gaap:CommonStockMember 2016-12-31 0001647705 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001647705 gbbt:AccumulatedDeficitMember 2016-12-31 0001647705 us-gaap:CommonStockMember 2017-01-01 2017-09-30 0001647705 us-gaap:CommonStockMember 2017-09-30 0001647705 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-09-30 0001647705 us-gaap:AdditionalPaidInCapitalMember 2017-09-30 0001647705 gbbt:AccumulatedDeficitMember 2017-01-01 2017-09-30 0001647705 gbbt:AccumulatedDeficitMember 2017-09-30 0001647705 us-gaap:PreferredStockMember 2017-01-01 2017-09-30 0001647705 us-gaap:PreferredStockMember 2016-12-31 0001647705 us-gaap:PreferredStockMember 2017-09-30 0001647705 gbbt:Note5Member 2017-09-30 0001647705 gbbt:LessRelatedPartyNoteNetMember 2017-09-30 0001647705 gbbt:ConvertibleNote8Member 2017-09-30 0001647705 2017-07-01 0001647705 2018-01-01 0001647705 2017-07-07 0001647705 gbbt:RelatedPartyPaymentsBrotherMember 2017-01-01 2017-09-30 0001647705 gbbt:RelatedPartyPaymentsNephewMember 2017-01-01 2017-09-30 0001647705 gbbt:RelatedPartyPaymentsBrotherMember 2016-01-01 2016-09-30 0001647705 gbbt:RelatedPartyPaymentsNephewMember 2016-01-01 2016-09-30 0001647705 gbbt:ConvertibleNote2ExtensionFeeMember 2017-11-17 0001647705 gbbt:ConvertibleNoteExtensionFeeMember 2017-11-17 0001647705 2017-10-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure 9370 10511 0 431501 30000 50000 48142 481417 29205 47593 116717 1021022 10030 11398 676138 11398 792855 1032420 149671 127776 18168 200 371286 100000 472512 429906 540497 780685 3888 3888 20000 1562707 1442455 105961 104482 133894 104482 1696601 1546937 1000 1000 0 0 50904 2133 73000 62834 16000 33750 2625 62400 4500 4500 4500 3232043 1087261 -4187694 -1604911 -904747 -515517 2133 1087261 -1604911 50904 3232043 -4187693 0 0 792854 1032420 0.0001 0.0001 10000000 10000000 0 0 0 0 0.0001 0.0001 0.073 1000000000 90000000 5000000000 50436407 21333629 250000 1000000 1100000 927778 200000 250000 75000 5000000 5000000 5000000 2250000 2250000 2250000 1000000 50436407 21333629 9370 10511 47479 2194 111700 -1445990 614503 780685 -253004 -97815 15888 11398 40467 280187 11473 966 -12524 371286 200000 416249 50717 151700 830000 30000 15000 14500 3211 0 428737 15690 10511 10511 16111 65216 -102881 472512 -1629 30246 610000 122000 3463 17949 8194 20000 0.0898 12000 20000 1000000 18168 100000 5961 4482 2383 3440 10-Q/A 2017-09-30 true Global Boatworks Holdings, Inc. 0001647705 gbbt --12-31 50436407 509044099 Smaller Reporting Company Yes No No 2017 Q3 660250 0 6295 0 0 0 5056 0 1629 0 27933 0 222187 0 222187 0 14840 21913 30955 34553 17731 3510 21448 11585 0 0 0 0 17731 3510 21448 11585 768005 40537 1505305 113453 17822 456 18734 912 626567 0 626567 0 115027 48170 577148 112903 1527421 89163 2727754 227268 -1308125 -70760 -2496060 -204300 -84067 -118062 -351088 -141066 177489 0 180952 0 -108326 -186660 97815 -186660 0 0 -14400 0 -14904 -304722 -86721 -327726 -1323029 -375482 -2582781 -532026 0 0 -2582781 0 -.01 -.05 -.03 -.07 180527875 8196391 79682785 7365175 -97815 186660 -223952 0 1129400 0 533246 38750 311874 139033 35568 0 43000 0 487375 1000 18734 912 -245679 -109958 -221 1276 292095 24856 0 2518 -290774 -246979 8382 0 20000 0 -6295 0 13705 0 0 81000 0 2500 20000 200 -2032 0 443000 227500 -185040 0 275928 311200 -1141 64221 19151 2154 0 0 15000 145000 83444 0 271000 4032 35000 0 677180 0 110631 217500 60000 51700 62834 0 <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(1) NATURE OF OPERATIONS</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Global Boatworks Holdings, Inc., (&#8220;the Company,&#8221; &#8220;Successor&#8221; or &#8220;Global&#8221;), was formed on May 11, 2015, under the laws of the State of Florida to reorganize Global Boatworks, LLC. At formation the Company acquired 100% of the membership interests of Global Boatworks, LLC, (&#8220;LLC&#8221;) which was formed on June 16, 2014, under the laws of the State of Florida. The Company&#8217;s business activities to date have primarily consisted of the formation of a business plan for building luxury floating vessels on a barge bottom, rental activities of the existing vessels, which are held for sale or rental, and the construction of new vessels.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements include the activities of Global Boatworks Holdings, Inc. and Global Boatworks, LLC, its wholly owned subsidiary.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(2) BASIS OF PRESENTATION, USE OF ESTIMATES AND GOING CONCERN</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>a) Basis of Presentation and Principles of Consolidation</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The comparative figures shown throughout these unaudited consolidated financial statements are the historical results of Global Boatworks Holdings, Inc. inclusive of its wholly owned subsidiary Global Boatworks, LLC. All intercompany balances and transactions have been eliminated.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles (&#34;GAAP&#34;) in the United States of America (&#34;U.S.&#34;) as promulgated by the Financial Accounting Standards Board (&#34;FASB&#34;) Accounting Standards Codification (&#34;ASC&#34;) and with the rules and regulations of the U.S Securities and Exchange Commission (&#34;SEC&#34;). The consolidated financial statements reflect all normal recurring adjustments, which, in the opinion of management, are considered necessary for a fair presentation of the results for the periods shown. The results of operations for the periods presented are not necessarily indicative of the results expected for any future period. The information included in the September 30, 2017 unaudited consolidated financial statements should be read in conjunction with Management&#8217;s Discussion and Analysis and Results of Operations contained elsewhere in this report and the audited consolidated financial statements and accompanying notes for the years ended December 31, 2016 and 2015, filed in Form 10-K filed on March 30, 2017 with the U.S. Securities and Exchange Commission.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>b) Use of Estimates</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates in the accompanying unaudited consolidated financial statements involved the valuation of construction in progress and resulting completed floating vessel, depreciable life of the luxury floating vessel, valuation of other long lived assets, the valuation of derivatives, the valuation of common and preferred stock issued as compensation, and valuation allowance of deferred income tax benefit.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>c) Going Concern</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern. The Company&#8217;s financial position and operating results raise substantial doubt about the Company&#8217;s ability to continue as a going concern for a period of twelve months from the issuance date of this report, as reflected by the working capital deficit, accumulated deficit and stockholder&#8217;s deficit of $1,445,990; $4,187,694 and $904,747 (unaudited) at September 30, 2017. The Company had a net loss of $2,582,781 and used cash of $290,774 in operating activities in the nine months ended September 30, 2017 (unaudited). In addition several of our promissory note obligations are in default of maturity date payments. The Company continues to have increasing expenses as a result of becoming a publicly held company and constructing new vessels without immediate increases in revenues as they continue to implement their plan of operations. The ability of the Company to continue as a going concern is dependent upon increasing operations, developing sales and obtaining additional capital and financing. The Company is seeking to raise sufficient equity capital to enable it to build the second new style luxury floating vessel. It is also seeking to raise sufficient equity capital to enable it to pay off its existing debt. The unaudited consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>a) Cash and cash equivalents</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid securities with original maturities of three months or less when acquired, to be cash equivalents. The Company had no financial instruments that qualified as cash equivalents at September 30, 2017 (unaudited) or December 31, 2016.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>b) Construction in progress</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Costs to construct vessels are capitalized during the construction phase. Upon completion of a vessel the Company will either sell the vessel or place in it service as a rental property. If the vessel is to be leased or leased while held for sale the construction costs are transferred to property and equipment and depreciated over its useful life.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>c) Property and equipment</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">All property and equipment are recorded at cost and depreciated over their estimated useful lives, using the straight-line method. Upon sale or retirement, the cost and related accumulated depreciation are eliminated from their respective accounts, and the resulting gain or loss is included in the results of operations. Repairs and maintenance charges, which do not increase the useful lives of the assets, are charged to operations as incurred.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>d) Impairment of long-lived assets</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A long-lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying value amount may not be recoverable. An impairment loss is recognized when the carrying amount of the asset exceeds the sum of the undiscounted cash flows resulting from its use and eventual disposition. The impairment loss is measured as the amount by which the carrying amount of the long-lived assets exceeds its fair value.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>e) Financial instruments and Fair value measurements</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 825-10 &#8220;Financial Instruments&#8221;, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 825 also requires disclosures of the fair value of financial instruments. The carrying value of the Company&#8217;s current financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short-term maturities of these instruments.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">FASB ASC 820 &#8220;Fair Value Measurement&#8221; clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 1: Quoted prices in active markets for identical assets or liabilities.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is the Company&#8217;s assets and liabilities measured at fair value on a recurring and nonrecurring basis at September 30, 2017 (unaudited) and December 31, 2016, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&#160;</td> <td colspan="2" style="border-top: White 1pt solid; border-right: White 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>September 30,</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2017</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(unaudited)</p></td> <td style="border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&#160;</td> <td colspan="2" style="border-top: White 1pt solid; border-right: White 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2016</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b> &#160;</b></p></td></tr> <tr style="background-color: #CCFFCC"> <td style="vertical-align: bottom; width: 50%; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">Level 3 &#8211; Embedded Derivative Liability</font></td> <td style="vertical-align: bottom; width: 11%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif">540,497</font></td> <td style="width: 2%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td> <td style="width: 14%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 11%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif">780,685</font></td></tr> <tr> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Changes in Level 3 assets measured at fair value for the nine months ended September 30, 2017 (unaudited) were as follows:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="background-color: #CCFFCC"> <td style="vertical-align: bottom; width: 80%; border: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>Balance, December 31, 2016</b></font></td> <td style="vertical-align: bottom; width: 3%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>$</b></font></td> <td style="width: 17%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;780,685&#160;</font></td></tr> <tr> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Portion of initial valuation recorded as debt discount</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;110,631&#160;</font></td></tr> <tr style="background-color: #CCFFCC"> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Amortization to gain on extinguishment upon conversion or payment</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;(253,004)</font></td></tr> <tr> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Initial and change in fair value of derivative</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;(97,815)</font></td></tr> <tr style="background-color: #CCFFCC"> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>Balance, September 30, 2017 </b>(unaudited)</font></td> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>$</b></font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;540,497&#160;</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>f) Revenue recognition</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Rental Revenue</u> Revenue is recognized when earned, generally starting when the rental customer takes temporary possession of the floating vessel and through their contracted stay. Revenue is recognized on a gross basis in accordance with ASC 605-45. Cost of Revenue includes the marina dockage fees and fees charged by the third party web site, where the floating vessel is advertised for rent.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Sale Revenue Revenue is recognized when earned, generally at closing of the sale of a vessel. Revenue is recognized on a gross basis in accordance with ASC 605-45. Cost of Revenue includes the capitalized cost of constructing a vessel.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>g) Stock compensation for services rendered</b></p> <p style="font: 11pt/normal 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 of equity instruments over the shorter of period the employee or director is required to perform the services in exchange for the award or the vesting period. The ASC also requires measurement 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: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC 505-50, for share-based payments to non-employees, compensation expense is determined at the &#8220;measurement date.&#8221; The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>h) Income Taxes </b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The LLC is a pass through entity for income tax purposes, therefore there is no income tax provision or liability for this entity through the Company&#8217;s incorporation date of May 11, 2015. As a result of the reorganization the Company became a taxable entity on May 11, 2015. Upon becoming a taxable entity, the Company began to use the asset and liability method of ASC 740 to account for income taxes. Under this method, deferred income taxes are determined based on the differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements which will result in taxable or deductible amounts in future years and are measured using the currently enacted tax rates and laws. A valuation allowance is provided to reduce net deferred tax assets to the amount that, based on available evidence, is more likely than not to be realized.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of September 30, 2017 tax years 2014, 2015 and 2016 for the LLC and 2015 and 2016 for the corporation remain open for IRS audit. The Company has received no notice of audit or any notifications from the IRS for any of the open tax years.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;<b>&#160;</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>i) Convertible Notes With Fixed Rate Conversion Features</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company may issue convertible notes, which are convertible into common shares at a fixed discount to the price of the common stock at the time of conversion. The Company measures the fair value of the note at the time of issuance at the fixed monetary value of the payable and records any premium as interest expense on the issuance date.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>j) Debt issue costs</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for debt issuance cost paid to lenders, or third parties. The costs associated with the issuance of debt are recorded as debt discount and amortized over the life of the underlying debt instrument.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>k) Derivatives</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion, payment or exercise of a convertible note containing an embedded derivative instrument, the instrument is marked to fair value at the conversion date and the debt and derivative are removed from the balance sheet, The shares issued upon conversion of the note are recorded at their fair value and a gain or loss on extinguishment is recognized, as applicable.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>l) Net income (loss) per share </b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic loss per share excludes dilution and is computed by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the Company. Diluted loss per share is computed by dividing the loss available to stockholders by the weighted average number of shares outstanding for the period and dilutive potential shares outstanding unless consideration of such dilutive potential shares would result in anti-dilution. There were 255,096,992 and 16,511,370 common stock equivalents at September 30, 2017 (unaudited) and December 31, 2016, respectively.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>m) Recent accounting pronouncements</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, the FASB issued ASU No. 2014-09, &#8220;Revenue from Contracts with Customers,&#8221; which requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time based on when control of goods and services transfer to a customer. As a result, we do not expect significant changes in the presentation of our financial statements. This ASU is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and entities are permitted to apply either prospectively or retrospectively; early adoption is permitted.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In November 2015, the FASB issued ASU No. 2015-17, &#8220;Balance Sheet Classification of Deferred Taxes,&#8221; which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet. As a result, each jurisdiction will now only have one net noncurrent deferred tax asset or liability. This ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and entities are permitted to apply either prospectively or retrospectively; early adoption is permitted. The Company is currently evaluating the effects, if any, that the adoption of this guidance will have on the Company&#8217;s financial position, results of operations and cash flows.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In January 2016, the FASB issued ASU No. 2016-01, &#8220;Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities&#8221;. The new standard principally affects accounting standards for equity investments, financial liabilities where the fair value option has been elected, and the presentation and disclosure</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>m) Recent accounting pronouncements</b> (continued)</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">requirements for financial instruments. Upon the effective date of the new standards, all equity investments in unconsolidated entities, other than those accounted for using the equity method of accounting, will generally be measured at fair value through earnings. There will no longer be an available-for-sale classification and therefore, no changes in fair value will be reported in other comprehensive income for equity securities with readily determinable fair values. The new guidance on the classification and measurement will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption is permitted. The Company is in the process of evaluating the impact of the adoption of ASU 2016-01 on the Company&#8217;s financial position, results of operations and cash flows.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases&#8221; which, for operating leases, requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. The ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the effects that the adoption of ASU 2016-02 will have on the Company&#8217;s consolidated financial statements.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2016, FASB issued Accounting Standards Update (&#8220;ASU&#8221;), 2016-10&#8212;Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements in Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year to annual reporting periods beginning after December 15, 2017. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2016, FASB issued Accounting Standards Update (&#8220;ASU&#8221;), 2016-12&#8212; Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements for Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606):</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year to December 15, 2017. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2016, FASB issued Accounting Standards Update (&#8220;ASU&#8221;), 2016-20 &#8212; Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. The amendments in this Update affect the guidance in Update 2014-09, which is not yet effective. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements for Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> 12522 0 88396 165494 14481 0 21333629 509044099 0 0 95500 95500 6000 10 5990 0 100000 1000000 15000 100 14900 0 16452778 550209 1645 548564 0 126444 1936 124508 0 19357692 1400400 45080 1355320 0 450800000 <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&#160;</td> <td colspan="2" style="border-top: White 1pt solid; border-right: White 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>September 30,</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2017</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(unaudited)</p></td> <td style="border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&#160;</td> <td colspan="2" style="border-top: White 1pt solid; border-right: White 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2016</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b> &#160;</b></p></td></tr> <tr style="background-color: #CCFFCC"> <td style="vertical-align: bottom; width: 50%; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">Level 3 &#8211; Embedded Derivative Liability</font></td> <td style="vertical-align: bottom; width: 11%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif">540,497</font></td> <td style="width: 2%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td> <td style="width: 14%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 11%; border-bottom: white 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif">780,685</font></td></tr> <tr> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td></tr> </table> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="background-color: #CCFFCC"> <td style="vertical-align: bottom; width: 80%; border: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>Balance, December 31, 2016</b></font></td> <td style="vertical-align: bottom; width: 3%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>$</b></font></td> <td style="width: 17%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;780,685&#160;</font></td></tr> <tr> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Portion of initial valuation recorded as debt discount</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;110,631&#160;</font></td></tr> <tr style="background-color: #CCFFCC"> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Amortization to gain on extinguishment upon conversion or payment</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;(253,004)</font></td></tr> <tr> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Initial and change in fair value of derivative</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;(97,815)</font></td></tr> <tr style="background-color: #CCFFCC"> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>Balance, September 30, 2017 </b>(unaudited)</font></td> <td style="vertical-align: bottom; border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; text-align: justify; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>$</b></font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif">&#9;540,497&#160;</font></td></tr> </table> 0 0 Amendment #1 540497 780685 <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(4) CONSTRUCTION IN PROGRESS</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Construction in progress represents the capitalized construction of its Luxuria floating vessel(s) being constructed for sale. At June 30, 2017, the Luxuria I was complete and transferred to fixed assets as it is held for rental and/or sale.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 49%; border: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="width: 2%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%">&#160;</td> <td style="width: 24%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: right"> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>September 30,</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>2017</b></p></td> <td style="width: 1%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: center">&#160;</td> <td style="width: 2%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%">&#160;</td> <td style="width: 22%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center"> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>December 31,</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>2016 </b></p></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Miss Leah floating vessel</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Luxuria I floating vessel</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;677,180&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: accumulated depreciation</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(16,930)</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;Total P&#38;E held for sale</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;660,250&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;0</font></td></tr> </table> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 51%; border: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="width: 1%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="width: 22%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>September 30, &#160;2017</b></font></td> <td style="width: 2%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; text-align: center; line-height: 115%">&#160;</td> <td style="width: 3%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; text-align: center; line-height: 115%">&#160;</td> <td style="width: 21%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>December 31, 2016 </b></font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Architectural plans </font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;12,766&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;12,766&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Furniture and equipment</font></td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;6,295&#160;</font></td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: accumulated amortization and depreciation</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(3,173)</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(1,368)</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;Total P&#38;E</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;15,888&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;11,398&#160;</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(5) PROPERTY AND EQUIPMENT</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and Equipment held for sale consists of the following at September 30, 2017 (unaudited) and December 31, 2016:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 49%; border: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="width: 2%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%">&#160;</td> <td style="width: 24%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: right"> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>September 30,</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>2017</b></p></td> <td style="width: 1%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: center">&#160;</td> <td style="width: 2%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%">&#160;</td> <td style="width: 22%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center"> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>December 31,</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>2016 </b></p></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Miss Leah floating vessel</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Luxuria I floating vessel</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;677,180&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: accumulated depreciation</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(16,930)</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;Total P&#38;E held for sale</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;660,250&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;0</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 25, 2014, the Company acquired the Miss Leah, a two story luxury floating vessel in the Cape Cod architectural style built on a barge platform. The Miss Leah was based at a marina in Boston harbor. It was rented out primarily through a third party rental management company on a short term vacation type basis. The Miss Leah was built in 2004 by the founder of the Company and subsequently sold in 2006 to his brother who established the Predecessor&#8217;s rental business. Due to the related party relationship between the Company and the Predecessor the luxury floating vessel was recorded on the Company&#8217;s books at its original cost basis of $0 based on its fully depreciated value at the transfer date. As the Miss Leah has been recorded on the books of the Company at a value of $0, there is no depreciation recorded. On September 14, 2017, the Company sold the Miss Leah and recorded sales proceeds of $222,187, net of estimated sales tax due of $14,813.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 30, 2017, the Company transferred the Luxuria I, a two story luxury floating living vessel in the South Florida architectural style, built on a barge platform, from construction in progress to fixed assets as it is complete. The Company has the Luxuria I available for either vacation rental or outright sale. As long as it is available for vacation rental the Company will record depreciation over a 20 year period.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and Equipment consists of the following at September 30, 2017 (unaudited) and December 31, 2016:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 51%; border: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="width: 1%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="width: 22%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>September 30, &#160;2017</b></font></td> <td style="width: 2%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; text-align: center; line-height: 115%">&#160;</td> <td style="width: 3%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; text-align: center; line-height: 115%">&#160;</td> <td style="width: 21%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>December 31, 2016 </b></font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Architectural plans </font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;12,766&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;12,766&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Furniture and equipment</font></td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;6,295&#160;</font></td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;-&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: accumulated amortization and depreciation</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(3,173)</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(1,368)</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;Total P&#38;E</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;15,888&#160;</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.95pt; padding-left: 0.95pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;11,398&#160;</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company capitalized the costs of developing the architectural plans for the Luxuria model floating vessel and has begun amortizing the costs over their estimated useful life of seven years, beginning April 1, 2016. Amortization expense for the nine months ended September 30, 2017, was $1,368.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> 12766 12766 5858 0 -16930 0 0 0 677180 0 660250 0 <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(6) RENTAL PROPERTY AND RELATED NOTE PAYABLE</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 25, 2014, the Company acquired the Miss Leah, a two story luxury floating vessel in the Cape Cod architectural style built on a barge platform. The Miss Leah was based at a marina in Boston harbor. It was rented out primarily through a third party rental management company on a short term vacation type basis. The Miss Leah was built in 2004 by the founder of the Company and subsequently sold in 2006 to his brother who established the Predecessor&#8217;s rental business.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The terms of this acquisition are for a payable to the related party Predecessor in the amount of $100,000, carrying interest at 2% per annum from the effective date of the transfer date of September 25, 2014 with all principal and interest due on the maturity date of June 20, 2022, which was memorialized in the form of a promissory note in June 2015, effective September 25, 2014. Due to the related party relationship between the Company and the Predecessor the luxury floating vessel was recorded on the Company&#8217;s books at its original cost basis of $0 based on its fully depreciated value at the transfer date. Accordingly, the Company charged additional paid-in capital in 2014 as a distribution for $100,000. Outstanding principal and interest totaled $105,961 at September 30, 2017 (unaudited).</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> 105961 <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>a) Short term notes </b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Short term debt including accrued interest was, as follows, at September 30, 2017 (unaudited):</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="width: 69%; border: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 1</font></td> <td style="width: 31%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;40,467&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 2</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;280,187&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 3</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;11,473&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 4</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;966&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 5</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;50,717&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: unamortized debt discounts</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(12,524)</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Total short term notes, net</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;371,286&#160;</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 1: On July 9, 2015, the company entered into a loan agreement in the amount of $151,700 with a shareholder. The company issued 250,000 common shares to the shareholder as consideration for providing us the loan. The shares were valued at $25,000, or $0.10 per share (based on the recent private placement sales) and was recorded as a discount and is being amortized at a rate of $2,083 per month over the life of the loan. The note bears interest at the rate of 10%. Prepaid interest in the amount of $15,000 and a loan fee of $1,700 were deducted from the proceeds of the loan. These were amortized each month at the rate of $1,250 and $142 over the life of the loan, respectively. We were obligated to pay the principal and interest due on July 9, 2016. The loan was secured by the Miss Leah, our company owned vessel.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The note holder sold $51,700 of this note to a third party in August 2016, and the Company modified the new $51,700 note to add a conversion feature at a conversion rate of 60% of the trading price of the Company&#8217;s common stock. This note is considered stock settled debt and accordingly the Company recorded a premium on the debt of $34,467 as a charge to interest expense on the modification date. This third party converted $51,700 of this in exchange for 1,574,740 shares in August and the fourth quarter 2016, and the premium was reclassified to additional paid in capital.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The $100,000 remaining balance of the original note was renegotiated into a new note on December 5, 2016 which matured on July 15, 2017. This new note carries interest at a rate of 16.8% which is payable in cash monthly. The Company paid $10,660 in interest during the nine months ended September 30, 2017. This new note required the Company to issue 100,000 shares which were valued at $6,000 which was recorded as a discount to be amortized over the remaining life of the note. The remaining note balance and unamortized discount balance at September 30, 2017, is $40,000 (see following assignments) and $0 (unaudited).The $40,000 balance of Note 1 matured on July 15, 2017, and is in default. The Company and the lender are negotiating the terms of an extension.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">This $100,000 note holder sold $60,000 of this note to three third parties on May 17, 2017, (unaudited) and the Company modified the new $20,000 notes to add a conversion feature at a conversion rate of $0.002 per share. The Company recorded a beneficial conversion feature discount of $20,000 for each of these three notes to be amortized over the life of these notes. These third parties converted $13,500 of these notes in exchange for 6,750,000 shares in June 2017. (See Note 7 b)). Two of these third parties converted $11,000 of these notes in exchange for 5,500,000 shares in July 2017. (See Note 7 b)). The remaining $40,000 balance matured on July 15, 2017 and is currently in default.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 2: On January 5, 2017, pursuant to a securities purchase agreement and a secured promissory note for $830,000 available in five tranches, the Company drew $170,000 and received $150,000 in cash net of $15,000 OID and $5,000 legal fees under this nine month secured promissory note. This note is secured by all the assets of the Company, inclusive of the Luxuria I and the Luxuria II, the member interests of its wholly owned LLC and personally guaranteed by Robert Rowe, CEO of the Company. The lender&#8217;s security interests are subordinate by law to the security interests of the August 11, 2016 lender. This note is structured in multiple parts, first the initial $170,000 as drawn and a subsequent $660,000 which can be drawn at the Company&#8217;s option. This note does not carry a stated interest rate, (except it is 22% in event of default as defined in the promissory note), but carries an Original Issue Discount (OID) that totals $75,000 and is pro-rata on each tranche drawn. The OID will be amortized over the remaining life of the note from the date drawn. In addition, the Company is required to pay $5,000 of the lender&#8217;s legal fees which was applied to the first tranche drawn. which will also be recorded as debt discount and will be amortized over the nine month life of the note. The Company received the second tranche of $110,000 and received $100,000 in cash net of $10,000 OID under this note in March 2017. At September 30, 2017, the balance of this note and the unamortized discount is $280,000 and $604, respectively. This note became past due after its maturity date of October 5, 2017.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">This note requires a partial prepayment if and when the Company sells the Luxuria I and Luxuria II, upon the receipt of which the lender has agreed to release the security interest in the vessels. This prepayment is 10% of the profits on the Luxuria I and 33% of the profits on the Luxuria II. If the Company rents/leases either the Luxuria I or II, then the prepayment is 20% of the gross rental revenue. The balance owed for rental revenue at September 30, 2017 is $187.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTES 3 AND 4: On April 19, 2017, the Company entered into an eight month financing of the $14,500 Luxuria I annual insurance premium. On June 15, 2017, the Company entered into a six month financing of the $3,211 Miss Leah 10 month insurance premium.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 5: On July 17, 2017, the company entered into a loan agreement in the amount of $50,000 with a shareholder. The company issued 1,000,000 common shares to the shareholder as consideration for providing us the loan. The shares were valued at $15,000, or $0.015 per share based on the quoted market price and was recorded as a debt discount and is being amortized at a rate of $1,250 per month over the life of the loan. The note bears interest at the rate of 12%, payable monthly.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>b) Short term convertible notes </b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Short term convertible debt including accrued interest was, as follows, at September 30, 2017 (unaudited):</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="width: 69%; border: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 1</font></td> <td style="width: 31%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;0&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 2</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;428,737&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 3</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;15,690&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 4</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;10,511&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 5</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;10,511&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 6 - related party</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;16,111&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 7</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;65,216&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 8</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;30,246&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: unamortized debt discounts</font></td> <td style="border-right: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(102,881)</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: Related party note, net</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(1,629)</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Total convertible notes, net</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;472,512&#160;</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTES 1 AND 2: On August 11, 2016, pursuant to a securities purchase agreement and a secured convertible promissory note for $610,000, the Company drew $305,000 and received $227,500 in cash under this six month secured convertible promissory note. This note is secured by all the assets of the Company, inclusive of the Miss Leah and the Luxuria 1, and the member interests of its wholly owned LLC. This note is structured in two parts, first the initial $305,000 as drawn and a subsequent $305,000 which can be drawn at the Company&#8217;s option in amount/s determined by the Company. This note does not carry a stated interest rate, but carries an Original Issue Discount (OID) that totals $100,000 and is proportional to the total amount borrowed. An OID of $50,000 was recorded as a discount to the note for the initial draw and was amortized over the six month life of the note. In addition, the Company is required to pay $10,000 of the lender&#8217;s legal fees (pro rata to the draws) and $22,500 of brokerage commission which was withheld from the initial $305,000 draw, both of which were also recorded as debt discounts and were amortized over the six month life of the note. Also, the Company is required to issue 100,000 shares of restricted common stock which was valued at $0.10 per share based on recent stock sales and recorded as a discount to the note and is being amortized over the six month life of the note. This note requires a $200,000 partial prepayment if and when the Company sells the Miss Leah. The note is personally guaranteed by the Company&#8217;s CEO, Robert Rowe. In event of default the note carries an interest rate equal to the lesser of 22% per annum or the maximum rate permitted under applicable law.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 5, 2016, the Company drew an additional $122,000 and received $92,000 in cash under this six month secured convertible promissory note. An OID of $20,000 was recorded as a discount to the note for the second draw and is being amortized over the remaining life of the note. On November 3, 2016, the Company drew an additional $183,000 and received $150,000 in cash under this six month secured convertible promissory note. An OID of $30,000 and legal costs of $3,000 were recorded as discounts to the note for the third draw and were amortized over the remaining life of the note.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The total note is convertible into common stock upon an event of default as follows:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Lender has the right at any time following an Event of Default, at its election, to convert (each instance of conversion is referred to herein as a &#8220;Conversion&#8221;) all or any part of the Conversion Eligible Outstanding Balance into shares (&#8220;Conversion Shares&#8221;) of fully paid and non-assessable common stock, $0.0001 par value per share (&#8220;Common Stock&#8221;), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the &#8220;Conversion Amount&#8221;) divided by the Conversion Price (as defined below).</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the adjustments set forth herein, the conversion price (the &#8220;Conversion Price&#8221;) for each Conversion shall be equal to 60% (the &#8220;Conversion Factor&#8221;) multiplied by the lowest Closing Bid Price in the twenty (20) Trading Days immediately preceding the applicable Conversion. Additionally, if at any time after the Effective Date, the Conversion Shares are not DTC Eligible, then the then-current Conversion Factor will automatically be reduced by 5% for all future Conversions. Finally, in addition to the Default Effect, if any Major Default occurs after the Effective Date (other than an Event of Default for failure to pay the Conversion Eligible Outstanding</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Balance on the Maturity Date), the Conversion Factor shall automatically be reduced for all future Conversions by an additional 5% for each of the first three (3) Major Defaults that occur after the Effective Date (for the avoidance of doubt, each occurrence of any Major Default shall be deemed to be a separate occurrence for purposes of the foregoing reductions in Conversion Factor, even if the same Major Default occurs three (3) separate times). For example, the first time the Conversion Shares are not DTC Eligible, the Conversion Factor for future Conversions thereafter will be reduced from 60% to 55% for purposes of this example.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If, thereafter, there are three (3) separate occurrences of a Major Default pursuant to Section 4.1(a), then for purposes of this example the Conversion Factor would be reduced by 5% for the first such occurrence, and so on for each of the second and third occurrences of such Major Default.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Due to the variable conversion terms and certain default provisions, the embedded conversion option has been bifurcated and recorded as a derivative liability at an initial fair value of $378,624 with $217,500 recorded as a debt discount and $161,124 as a derivative expense. The October 5, 2016 draw resulted in an initial fair value of $113,616 with $92,000 recorded as a debt discount and $21,616 as a derivative expense. The November 3, 2016 draw resulted in an initial fair value of $190,356 with $150,000 recorded as a debt discount and $40,356 as a derivative expense. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.50 to 0.10; conversion price range of $0.021 to $0.036; Bond equivalent yield rate between 0.29% to 0.63% and volatility ranging from 240% to 277%. At September 30, 2017, the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 of $0.017 with the conversion price of $0.01; Bond equivalent yield rate 1.12%.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 4, 2017, the maturity date was extended to May 11, 2017. Under the terms of this extension, the Company agreed to pay an additional $18,300 in interest at maturity. The Company recorded this interest as a debt discount and is amortizing it to maturity. At September 30, 2017, (unaudited) the unamortized balance is $0.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 22, 2017, the Company issued 1,000,000 shares of common stock to settle $30,000 of this note. These shares were valued at $0.073 per share, or $73,000, based on the quoted trading price, and after relieving the related derivative value a gain of $3,463 was recorded. (See Note 10)</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2017, the lender bifurcated the original note, which had a then remaining balance of $598,300, into two new notes, Note 1 with a principal balance of $200,000 and Note 2 with a principal balance of $416,249, which included a maturity extension fee of $17,949. Note 1 is collateralized with the Miss Leah and Note 2 with all Company&#8217;s assets including the Luxuria I. At September 30, 2017, (unaudited) the unamortized balance of the extension fee is $8,044.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Note 1 requires a mandatory partial prepayment of up to $200,000 if and when the Company sells the Miss Leah, upon the receipt of which the lender has agreed to release the security interest in the vessel. Note 2 contains no such provision. All other provisions of the original note are carried over to these two new notes. The maturity date of theses two notes was August 11, 2017. On August 11, 2017, the lender agreed to negotiate three month extensions for both notes which was completed August 14, 2017, and combined extension fee of $17,619 was added to the principal balance of the notes.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 18, 2017, the Company issued 2,307,692 shares of common stock upon conversion $18,000 of Note 1. On August 10, 2017, the Company issued 3,800,000 shares of common stock upon conversion $10,944 of Note 1. The convertible Notes 1 and 2 in the remaining balances of $182,000 and $416,249 matured on August 11, 2017, which was extended as discussed above. On November 11, 2017, the lender agreed to extend Note 2 for an additional three month period, which the Company expects to be finalized by November 22.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 14, the Company paid off the balance of Note 1 in the amount of $176,986 from the proceeds of the sale of the Miss Leah.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 3: On April 15, 2017, the Company entered into a 10% convertible promissory note in the amount of $15,000. In event of default the note carries an interest rate of 18%.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The total note is convertible into common stock as follows:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a &#8220;Conversion&#8221;) all or any part of the Conversion Eligible Outstanding Balance into shares (&#8220;Conversion Shares&#8221;) of fully paid and non-assessable common stock, $0.0001 par value per share (&#8220;Common Stock&#8221;), of Company as per the0 following conversion formula: the number of Conversion Shares equals the amount being converted (the &#8220;Conversion Amount&#8221;) divided by the Conversion Price (as defined below).</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the adjustments set forth herein, the conversion price (the &#8220;Conversion Price&#8221;) for each Conversion shall be equal to 60% (the &#8220;Conversion Factor&#8221;) multiplied by the lowest Closing Bid Price in the fifteen (15) Trading Days immediately preceding the applicable Conversion.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $13,472 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at April 15, 2017, (unaudited) $0.025 with the conversion price of $0.015; Bond equivalent yield rate 0.92%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized balance is $8,044 at September 30, 2017.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTES 4, 5 and 6: On May 17, 2017, (unaudited) As discussed in section a) above, the $100,000 note holder sold $60,000 of this note to three third parties, one of whom subsequently became a related party, and the Company modified the new $20,000 notes to add a conversion feature at a conversion rate of $0.002 per share, with a maturity date of May 16, 2018. This was accounted for as a debt extinguishment and a beneficial conversion feature was recorded at issuance of $20,000 per note and will be amortized over the life of the notes. These third parties converted an aggregate of $13,500 of these notes in exchange for 6,750,000 shares in June 2017. On July 26, 2017, two of these third parties converted an aggregate of $11,000 of these notes in exchange for 5,500,000 shares. In September 2017, the Company modified the conversion rate of these notes to $0.0005 per share, which was treated as debt extinguishment whereby the then remaining balance of the discount was amortized as interest expense and new beneficial conversion feature discounts totaling $35,500 were recorded which are being amortized over the remaining life of the notes. At September 30, 2017, the unamortized discount was $33,167.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 7: On June 8, 2017, pursuant to a securities purchase agreement and a one year convertible promissory note for $63,000 the Company received $60,000. In addition, the Company is required to pay $2,500 of the lender&#8217;s legal fees and $500 of due diligence fees which were withheld from the funds provided. This note carries a 12% interest rate, with all interest due at maturity.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The total note is convertible into common stock as follows:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a &#8220;Conversion&#8221;) all or any part of the Conversion Eligible Outstanding Balance into shares (&#8220;Conversion Shares&#8221;) of fully paid and non-assessable common stock, $0.0001 par value per share (&#8220;Common Stock&#8221;), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the &#8220;Conversion Amount&#8221;) divided by the Conversion Price (as defined below).</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the adjustments set forth herein, the conversion price (the &#8220;Conversion Price&#8221;) for each Conversion shall be equal to 61% (the &#8220;Conversion Factor&#8221;) multiplied by the lowest Closing Bid Price in the ten (10) Trading Days immediately preceding the applicable Conversion.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $54,651 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at June 15, 2017, (unaudited) $0.017 with the conversion price of $0.0104; Bond equivalent yield rate 1.11%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.70; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized discount at September 30, 2017 was $40,372.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 8: On April 31, 2017, the Company entered into a 10% convertible promissory note in the amount of $30,000. In event of default the note carries an interest rate of 18%.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The total note is convertible into common stock as follows:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a &#8220;Conversion&#8221;) all or any part of the Conversion Eligible Outstanding Balance into shares (&#8220;Conversion Shares&#8221;) of fully paid and non-assessable common stock, $0.0001 par value per share (&#8220;Common Stock&#8221;), of Company as per the0 following conversion formula: the number of Conversion Shares equals the amount being converted (the &#8220;Conversion Amount&#8221;) divided by the Conversion Price (as defined below).</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the adjustments set forth herein, the conversion price (the &#8220;Conversion Price&#8221;) for each Conversion shall be equal to 60% (the &#8220;Conversion Factor&#8221;) multiplied by the lowest Closing Bid Price in the fifteen (15) Trading Days immediately preceding the applicable Conversion. Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $24,210 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at August 31, 2017, (unaudited) $0.0028 with the conversion price of $0.0018; Bond equivalent yield rate 1.08%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized balance is $20,262 at September 30, 2017.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="width: 69%; border: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 1</font></td> <td style="width: 31%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;40,467&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 2</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;280,187&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 3</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;11,473&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 4</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;966&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Note 5</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;50,717&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: unamortized debt discounts</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(12,524)</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Total short term notes, net</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;371,286&#160;</font></td></tr> </table> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="width: 69%; border: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 1</font></td> <td style="width: 31%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;0&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 2</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;428,737&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 3</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;15,690&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 4</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;10,511&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 5</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;10,511&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 6 - related party</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;16,111&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 7</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;65,216&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Convertible note 8</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;30,246&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: unamortized debt discounts</font></td> <td style="border-right: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(102,881)</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Less: Related party note, net</font></td> <td style="border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;(1,629)</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Total convertible notes, net</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 6pt; padding-left: 6pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;472,512&#160;</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(8) SHORT TERM LOAN - RELATED PARTY</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 4, 2017, the Company borrowed $20,000 from the Company&#8217;s CEO under an informal agreement. This loan carries an interest rate of 8.98% and has a 36 month term. At September 30, 2017, (unaudited) this note balance is $18,168.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the September 5, 2017, conversion of accrued liability to a former third party consultant for 192,000,000 shares of common stock this third party consultant became a related party. Convertible Note 6 discussed in Note 7b) is owed to this party. This party is also the recipient of the shares discussed in Note 9a)</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(9) COMMITMENTS AND CONTINGENCIES</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>a) Stockholders deficit </b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company had the obligation to issue 1,000,000 shares of common stock on July 1, 2017, which has not been issued and has the obligation to issue 1,000,000 shares on January 1, 2018, under a three year consulting agreement entered into on December 1, 2016. These shares are earned per the agreement at 172,222 shares per monthand recognized as consulting fees and are valued at the market price for shares at the date they are earned.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>b) Leases</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company occupies dockage space for the Miss Leah pursuant to an agreement with SHM Marina Bay, LLC dated October 1, 2016. We pay annual rents of approximately $12,000. As a result of the September 2017, sale of the Miss Leah the SHM Marina Bay dockage agreement is terminated. The Company occupies dockage space for the Luxuria I pursuant to an agreement with Bahia Mar Marina Bay, LLC dated May 1, 2017. We pay annual rents of approximately $53,636. We occupy approximately four hundred (400) square feet of office space without charge at the residence of our Chief Executive Officer, President, Treasurer and Director, and our Secretary.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>c) Material Contracts and Agreements</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 1, 2016, as amended in September 2017, the Company entered into a three year employment agreement with its CEO, Robert Rowe. This agreement calls for him to be paid $20,000 per month in cash and for the Company to issue him 10,000,000 shares of restricted common stock. These shares were issued and valued at the market price on the grant date, $0.0577 per share, for a total of $577,700, which was recorded as prepaid officer compensation and will be amortized over the one year vesting period. The agreement allows him to elect to convert any accrued compensation due him for common stock at a 40% discount market or at such price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as compensation expense. On September 5, 2017, upon partial conversion the Company recognized a $515,000 conversion loss.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 1, 2016, we entered into an agreement (the Agreement) with Oceanside Equities, Inc., (Oceanside), a Florida corporation that provides consulting services. Oceanside agreed to provide us with services from December 1, 2016 until December 1, 2019, in exchange for a one time fee of $20,000 in cash; $16,000 per month accrued and payable in either cash or shares of restricted common stock at the Company&#8217;s election and three million one hundred thousand (3,100,000) shares of our restricted common stock, issued 1,100,000 on January 1, 2017, 1,000,000 issued on July 1, 2017 and 1,000,000 issued on January 1, 2018. &#160;We will value these shares at the market price on the date they are earned which will be recognized over the term of the contract at the rate of 172,222 shares per month. The agreement allows Oceanside to elect to convert any accrued compensation due him for common stock at a 50% discount market or at such lower price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as consulting fee expense. On September 5, 2017, upon partial conversion the Company recognized a $480,000 conversion loss.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 19, 2017, as amended in September 2017, the Company entered into a two year consulting agreement with a related party, Ron Rowe II. This agreement calls for him to be paid $8,000 per month in cash and for the Company to issue him 5,000,000 shares of restricted common stock. These shares were issued and valued at the market price on the grant date, $0.029 per share, for a total of $145,000, which was recorded as immediate consulting expense since it was issued for past services. The agreement allows the consultant to elect to convert any accrued compensation due him for common stock at a 40% discount market or at such lower price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as compensation expense. On September 5, 2017, upon partial conversion the Company recognized a $120,000 conversion loss.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>d) Investment Banking Agreement</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016 the Company entered into a two year investment banking agreement to raise capital. Pursuant to this agreement the Company is obligated to pay a cash success fee between 6% and 10%, depending on the amount raised as well as issue common stock in the amount of 4% of the amount raised. This agreement has been terminated.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>e) Common Stock Subscription Agreement</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In the last quarter of 2014, as memorialized in May 2015, the Company received a stock subscription agreement from a now former officer and director of the Company for 1,500,000 shares of common stock in exchange for $250,000 in cash or cash equivalents, such as labor and materials for the construction of the barge bottom, or $0.167 per share. Through June 30, 2016 this former officer and director has paid $55,000 and received 330,000 shares, respectively. In August 2016, the Company issued 425,000 shares of our restricted common stock to this former officer and director in exchange for the construction of the barge bottom for Luxuria I, delivered in February, valued at $70,000, based on a signed negotiated agreement.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>f) Legal Matters</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of September 30, 2017 (unaudited), there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">This party discussed in e) above has not accepted the stock certificate and recently informed the Company that they want to renegotiate since the market price of the common stock has fallen below the negotiated signed contractual price per share.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> 1000000 1000000 <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(10) STOCKHOLDERS&#8217; DEFICIT</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">At September 30, 2017 (unaudited) and December 31, 2016, the Company has 1,000,000,000 shares of par value $0.0001 common stock authorized and 509,044,099 (unaudited) and 21,333,629 issued and outstanding, respectively; the Company has 10,000,000 shares of par value $0.0001 preferred stock authorized and 1,000,000 and 1,000,000 Redeemable Series A preferred shares issued and outstanding, respectively.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 1, 2017, the Company issued 927,778 shares of common stock under a consulting agreement. These shares were valued at $0.08 per share, or $62,834. On January 12, 2017, the Company issued 100,000 shares of common stock pursuant to the replacement $100,000 promissory note. These shares were valued at $0.06 per share, or $6,000, which was recorded as a debt discount and is being amortized over the remaining life of the loan. On January 18, 2017, the Company issued 200,000 shares of common stock under a consulting agreement. These shares were valued at $0.08 per share, or $16,000. On January 23, 2017, the Company issued 250,000 shares of common stock under a consulting agreement. These shares were valued at $0.14 per share, or $33,750.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 22, 2017, the Company issued 1,000,000 shares of common stock to settle $30,000 of the outstanding convertible debt. These shares were valued at $0.073 per share, or $73,000 based on the quoted trading price, and after relieving the related derivative value a gain of $3,463 was recorded. (See Note 7)</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 4, 2017, the Company issued 75,000 shares of common stock under a consulting agreement. These shares were valued at $0.035 per share, or $2,625. On May 19, 2017, the Company issued 5,000,000 and 5,000,000 shares of common stock to the Company&#8217;s two officers in exchange for services rendered. These shares were valued at $0.029 per share, or $145,000 and $145,000. On May 19, 2017, the Company issued 5,000,000 shares of common stock to the brother of the Company&#8217;s CEO in exchange for services rendered. These shares were valued at $0.029 per share, or $145,000. On May 25, 2017, the Company issued 4,800,000 shares of common stock to settle $48,000 of expenses accrued under a consulting agreement. These shares were valued at $0.013 per share, or $62,400. Accordingly, the Company recorded $14,400 as a loss on accrued expenses settlement. On June 17, 2017, the Company issued 2,250,000; 2,250,000 and 2,250,000 shares of common stock to three parties to settle an aggregate $13,500 of debt of Convertible Notes 4, 5 and 6. These shares were valued at $0.002 per share, or $4,500; $4,500 and $4,500.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 17, 2017 the Company issued 1,000,000 shares as a loan fee to a third party. These shares were valued at the quoted market price of $0.015 per share, or $15,000. On July 18, 2017, the Company issued 2,307,692 shares of common stock upon conversion of $18,000 of outstanding convertible debt. On July 18, 2017, the Company issued 5,500,000 shares of common stock upon conversion of $11,000 of outstanding convertible debt. On August 18, 2017, the Company issued 3,800,000 shares of common stock upon conversion of $10,944 of outstanding convertible debt. On September 5, 2017, the Company issued 446,000,000 shares of common stock upon conversion of $223,000 of accrued liabilities to three related parties and recognized a loss of $1,115,000, charging officer compensation $515,000 and related party professional fees $600,000. The shares were valued at the quoted market price of $0.003 on that date.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">Share valuations for services and settlements were based on the quoted trading price on the requisite measurement dates.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 53%; border: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="width: 23%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>Nine Months ended September 30, 2017</b></font></td> <td style="width: 1%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: center">&#160;</td> <td style="width: 23%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>Nine Months ended September 30, 2016</b></font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: center">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>(Unaudited)</b></font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>(Unaudited)</b></font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Commissions - daughter of founder</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;2,383</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;3,440</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Construction management - brother of founder</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;28,500</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;-</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Construction management - nephew of founder</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;24,000</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;-</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>(11) RELATED PARTIES</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>a) Rental property </b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 25, 2014, the Company acquired the Miss Leah, a luxury floating vessel built on a barge platform from the Predecessor which is owned by the founders brother. As part of this acquisition transaction the Company issued a promissory note in June 2015 to the Predecessor in the amount of $100,000, carrying an interest rate of 2% effective September 25, 2014, with a maturity date of June 20, 2022. The Company recorded the payable in September 2014 which was formalized with this promissory note in June 2015. At September 30, 2017 (unaudited) and December 31, 2016, the Company had accrued interest of $5,961 and $4,482, respectively.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>b) Related party payable </b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In the last quarter 2014, the Predecessor continued to receive some of the revenue from and to pay some of the expenses related to the rental of the Miss Leah. The Company has established a payable to the Predecessor for the net differential of $3,888 and recorded the related revenue and expenses in the Company&#8217;s records.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>c) Common stock subscription receivable</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In the last quarter 2014 as memorialized in May 2015, the Company received a stock subscription agreement from a now former director of the Company for 1,500,000 shares of common stock in exchange for $250,000 in cash or cash equivalents, or $0.167 per share. In 2014 and 2015 this now former director contributed $5,000 and $50,000 and received 30,000 and 300,000 shares, respectively. In 2016 he constructed the barge bottom for the Luxuria I and received 425,000 shares valued at $70,000. (See Note 9 f))</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>d) Payments to related parties during each period of operations presented:</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" align="center" style="width: 6.5in; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 53%; border: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="width: 23%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>Nine Months ended September 30, 2017</b></font></td> <td style="width: 1%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: center">&#160;</td> <td style="width: 23%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: black 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>Nine Months ended September 30, 2016</b></font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: center">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>(Unaudited)</b></font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif"><b>(Unaudited)</b></font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Commissions - daughter of founder</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;2,383</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;3,440</font></td></tr> <tr style="vertical-align: top"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Construction management - brother of founder</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;28,500</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;-</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif">Construction management - nephew of founder</font></td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;24,000</font></td> <td style="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%">&#160;</td> <td style="border-right: white 1pt solid; border-bottom: black 2.25pt double; padding-right: 1.25pt; padding-left: 1.25pt; line-height: 115%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">&#9;$&#9;-</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>e) Short term loans</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 4, 2017, the Company borrowed $20,000 from the Company&#8217;s CEO under an informal agreement. This loan carries an interest rate of 8.98% and has a 36 month term. At September 30, 2017, (unaudited) this note balance is $18,168.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the September 5, 2017, conversion of accrued liability to a former third party consultant for 192,000,000 shares of common stock this third party consultant became a related party. Convertible Note 6 discussed in Note 7b) is owed to this party. This party is also the recipient of the shares discussed in Note 9a)</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> 28500 24000 0 0 <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>(12) CONCENTRATIONS OF RISK</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has only one revenue producing asset at September 30, 2017, the floating vessel which is located in Ft. Lauderdale, Florida, and is available for sale. The Company primarily utilizes one booking agent to schedule bookings from customers and collect the revenue. If required the Company believes it could obtain bookings through an alternative provider.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company transferred the Luxuria I, which is located in Ft. Lauderdale, Florida, from Construction in progress to Property and equipment held for sale on June 30, 2017. The Company has this vessel listed with two booking agents to schedule bookings from customers and collect the revenue and also has it listed for sale.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintains its cash in bank deposit accounts, which may, at times, may exceed federally insured limits. The Company had no cash balances in excess of FDIC insured limits at September 30, 2017 (unaudited) and December 31, 2016, respectively.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>(13) SUBSEQUENT EVENTS</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>a) Short term note</b>s</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The note in the remaining balance of $280,000 matured on October 11, 2017. On November 17, 2017, the lender agreed to extend this note for an additional three month period which is expected to be finalized by November 22, 2017, for an extension fee expected to be in the amount of approximately $8,400.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>b) Short term convertible note</b>s</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The convertible Note 2 in the remaining balance of $428,737 matured on November 11, 2017. On November 17, 2017, the lender agreed to extend this note for an additional three month period which is expected to be finalized by November 22, 2017, for an extension fee expected to be in the amount of approximately $12,800.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In October 2017, pursuant to a securities purchase agreement and a one year convertible promissory note for $43,000 the Company received $40,000. In addition, the Company is required to pay $2,500 of the lender&#8217;s legal fees and $500 of due diligence fees which were withheld from the funds provided. This note carries a 12% interest rate, with all interest due at maturity.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The total note is convertible into common stock as follows:</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a &#8220;Conversion&#8221;) all or any part of the Conversion Eligible Outstanding Balance into shares (&#8220;Conversion Shares&#8221;) of fully paid and non-assessable common stock, $0.0001 par value per share (&#8220;Common Stock&#8221;), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the &#8220;Conversion Amount&#8221;) divided by the Conversion Price (as defined below).</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the adjustments set forth herein, the conversion price (the &#8220;Conversion Price&#8221;) for each Conversion shall be equal to 61% (the &#8220;Conversion Factor&#8221;) multiplied by the lowest Closing Bid Price in the ten (10) Trading Days immediately preceding the applicable Conversion.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><b>c) Stockholders&#8217; deficit</b></p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In October 2017, the Board of Directors of the Company and a majority in interest of the shareholders of the Company approved an increase in the number of authorized common shares from 1,000,000,000 (One Billion) to 5,000,000,000 (Five Billion). The articles of incorporation of the Company were amended effecting the increase.</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> 12800 8400 16930 0 437 0 2736 1368 237027 21913 253142 34553 EX-101.SCH 5 gbbt-20170930.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statement of Changes in Stockholders' Deficit link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - (1) Nature of Operations link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - (2) Basis of Presentation, Use of Estimates and Going Concern link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - (3) Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - (4) Construction in Progress link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - (5) Property and Equipment link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - (6) Rental Property and Related Note Payable link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - (7) Short Term Loans and Short Term Convertible Notes link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - (8) Promissory Note - Related Party link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - (9) Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - (10) Stockholders' Deficit link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - (11) Related Parties link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - (12) Concentrations of Risk link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - (13) Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - (3) Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - (5) Property and Equipment: Property, Plant and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - (7) Short Term Loan and Short Term Convertible Note (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - (11) Related Parties: Schedule of Related Party Transactions (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - (2) Basis of Presentation, Use of Estimates and Going Concern: C) Going Concern (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - (3) Summary of Significant Accounting Policies: E) Financial Instruments and Fair Value Measurements: Schedule of Derivative Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - (3) Summary of Significant Accounting Policies (Notes Details) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - (5) Property and Equipment: Schedule of Property And Equipment held for sale Text Block (Details) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - (5) Property and Equipment: Property, Plant and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - (6) Rental Property and Related Note Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - (7) Short Term Loans and Short Term Convertible Notes: Schedule of Short-term Debt (Details) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - (7) Short Term Loans and Short Term Convertible Notes: Short Term Convertible Debt Table Text Block (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - (7) Short Term Loans and Short Term Convertible Notes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - (8) Promissory Note - Related Party (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - (9) Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - (10) Stockholders' Deficit (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - (11) Related Parties: Schedule of Related Party Transactions (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - (11) Related Parties (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - (13) Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 gbbt-20170930_cal.xml XBRL CALCULATION FILE EX-101.DEF 7 gbbt-20170930_def.xml XBRL DEFINITION FILE EX-101.LAB 8 gbbt-20170930_lab.xml XBRL LABEL FILE Short Term Debt [Axis] Short Term Note 1 Short Term Note 2 Note 3 Note 4 Less: Unamortized Debt Discounts Total Short Term Notes, Net Short Term Note 3 LuxuriaI MissLeahMember Convertible Note 1 Convertible Note 2 Convertible Note 3 Convertible Note 4 Convertible Note 5 Convertible Note 6 Convertible Note 7 Unamortized Debt Discounts Total Convertible Notes, Net Note 1 - Miss Leah Note 2 - Luxuria I Commitments and Contingencies [Axis] Consulting Agreement Robert Rowe Oceanside Equities, Inc. Stockholders Equity [Axis] Stockholders Equity 2 [Axis] officer 1 officer 2 brother of the CEO Debt Conversion Party 1 Party 2 Party 3 Equity Components [Axis] Common Stock Additional Paid-in Capital Accumulated Deficit Preferred Stock Note 5 Less: Related Party Note Net Convertible Note 8 Related Party Payments [Axis] Brother of Founder Nephew of Founder Convertible Note 2 Extension Fee Convertible Note Extension Fee Document and Entity Information: Entity Registrant Name Document Type Document Period End Date Trading Symbol Amendment Flag Entity Central Index Key Current Fiscal Year End Date Entity Common Stock, Shares Outstanding Entity Filer Category Entity Current Reporting Status Entity Voluntary Filers Entity Well-known Seasoned Issuer Document Fiscal Year Focus Document Fiscal Period Focus Amendment Description Entity Public Float Statement of Financial Position [Abstract] ASSETS CURRENT ASSETS Cash Construction in progress Short-term loan to stockholder/related party Prepaid officer compensation Prepaid expenses Total current assets PROPERTY AND EQUIPMENT - HELD FOR SALE Floating vessel held for sale, net of $16,930 and $0 depreciation PROPERTY AND EQUIPMENT - OTHER Furniture and equipment, net of $437 and $0 depreciation Architectural plans, net of $2,736 and $1,368 amortization Net property and equipment Total Assets LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Accounts payable and accrued liabilities Deferred revenue Short-term loan, related party Short term loans, net of discounts of $12,522 and $0 Short term convertible loans, net of discount of $88,396 and $165,494 Short term convertible loans related parties, net of discount of $14,481 and $0 Fair value of derivative liability Current portion of long term debt Due to related party predecessor Total Current Liabilities LONG TERM LIABILITIES Long term debt to third party Note Payable and accrued interest Total long term liabilities Total liabilities Commitments and contingencies (see Note 9) Redeemable preferred stock Series A, 1,000,000 shares authorized, 1,000,000 shares issued and outstanding at June 30, 2017 and December 31, 2016 ($1,000 redemption value) STOCKHOLDERS' DEFICIT Preferred stock, par $0.0001; 10,000,000 shares authorized; 9,000,000 available for issuance Common stock, par $0.0001; 1,000,000,000 shares authorized; 509,044,099 and 21,333,629 issued and outstanding at June 30, 2017 and December 31, 2016, respectively Additional paid-in capital Accumulated deficit Total stockholders' deficit Total Liabilities and Stockholders' Deficit Preferred Stock, Par Value Preferred Stock, Shares Authorized Preferred Stock, Shares Issued Preferred Stock, Shares Outstanding Common Stock, Par Value Common Stock, Shares Authorized Common Stock, Shares Issued Common Stock, Shares Outstanding Depreciation of floating vessel Depreciation of furniture and equipment Achitectural plans, amortization Discounts on short term loans Discounts on short term convertible loans Discounts on short term convertible loans, related parties Income Statement [Abstract] REVENUES Vessel sales Rental revenue Total revenues COST OF REVENUES Vessel sales cost of sales Rental cost of sales GROSS MARGIN OPERATING EXPENSES: General and administrative Depreciation and amortization Professional fees - related party Professional fees Total operating expenses Loss from operations Other income (expense) Interest expense Gain on extinguishment of debt Initial and change in fair value of derivative Loss on accrued expense settlement Total other income (expense) Net loss Loss per weighted average common share - basic and diluted Number of weighted average common shares outstanding- Basic and Diluted Statement [Table] Statement [Line Items] Balance, Value Balance, Shares Shares issued for prepaid legal fees, Value Shares issued for prepaid legal fees, Shares Shares issued for prepaid services, Value Shares issued for prepaid services, Shares Shares issued as a note extension fee, Value Shares issued as a note extension fee, Shares Shares issued for note fee, Value Shares issued for note fee, Shares Shares issued for cash, Value Shares issued for cash, Shares Shares issued for services, Value Shares issued for services, Shares Shares issued upon debt conversion, Value Shares issued upon debt conversion, Shares Shares issued for construction in progress, Value Shares issued for construction in progress, Shares Reclassification of premium upon conversion Shares issued to settle accrued expense, Value Shares issued to settle accrued expense, Shares Beneficial conversion feature on Convertible notes Net loss Balance, Value Balance, Shares Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Adjustments to reconcile net loss to net cash used in operating activities: Initial and change in fair value of derivative Gain on extinguishment of debt Interest added to note balance Loss on conversion of accrued expenses Loss on debt conversion Issuance of common and redeemable preferred stock for services Depreciation and amortization Amortization of common stock issued for prepaid services Amortization of debt discounts Changes in operating assets and liabilities: (Increase) decrease in Luxuria construction in progress (Increase) decrease in prepaid expenses Increase (decrease) in accounts payable and accrued liabilities Increase (decrease) in deferred revenue Increase (decrease) in accrued interest Net cash used in operating activities CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from investment receivable Purchase of property and equipment Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from sale of common stock Proceeds from cash advance on credit card Proceeds from related party loans Repayments on related party loans Proceeds from third party loans, net of commissions paid Repayments on third party loans Net cash provided by financing activities Net increase (decrease) in cash Cash, beginning of period Cash, end of period SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Interest paid in cash Income tax paid in cash Non-Cash Investing and Financing Activities: Common stock issued for loan fees Common stock issued upon conversion of convertible debt Common stock issued to settle accrued expenses Construction in progress costs purchased with third party loan Modification of note to convertible note Transfer of construction in progress to fixed assets Initial derivatives recorded as debt discount Common stock issued for prepaid services Disclosure Text Block [Abstract] (1) Nature of Operations (2) Basis of Presentation, Use of Estimates and Going Concern (3) Summary of Significant Accounting Policies (4) Construction in Progress (5) Property and Equipment (6) Rental Property and Related Note Payable (7) Short Term Loans and Short Term Convertible Notes (8) Promissory Note - Related Party (9) Commitments and Contingencies (10) Stockholders' Deficit (11) Related Parties (12) Concentrations of Risk (13) Subsequent Events Assets and liabilities measured at fair value on a recurring and nonrecurring basis Changes in Level 3 assets measured at fair value Table Text Block Supplement [Abstract] Schedule of Property And Equipment held for sale Text Block Property, Plant and Equipment Schedule of Short-term Debt Short Term Convertible Debt Table Text Block Schedule of Related Party Transactions Text Block [Abstract] Working Capital Deficit Accumulated deficit TOTAL STOCKHOLDERS' (DEFICIT) Net loss Net cash used in operating activities Accounting Policies [Abstract] Embedded Derivative, Fair Value of Embedded Derivative Liability Level 3 fair value of assets Portion of initial valuation recorded as debt discount Amortization to gain on extinguishment upon conversion or payment Initial and change in fair value of derivative Cash Equivalents Derivative Asset, Fair Value, Gross Asset Property, Plant and Equipment, Other, Gross Miss Leah floating vessel Luxuria I floating vessel Less: accumulated depreciation Total P&E held for sale Architectural plans Furniture and equipment Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Property, Plant and Equipment, Other, Net Outstanding principal and interest on Miss Leah Debt, Current Short Term Convertible Debt Short-term Debt, Fair Value Convertible Debt Prepaid Insurance Convertible Promissory Note Derivative, Gain on Derivative Maturity Extension fee Unamortized balance extension fee Notes Payable Debt Instrument, Interest Rate, Stated Percentage Balance due on short term related party loan Operating Leases, Rent Expense Consulting Agreement Shares to be issued Common stock Debt Conversion, Converted Instrument, Shares Issued RelatedPartyPaymentsAxis [Axis] Commissions - daughter of founder Construction management Related Party Payable Interest Payable, Current Short Term Note Extension fee Represents the monetary amount of Amortization of common stock issued for prepaid services, during the indicated time period. Increase (decrease) in accrued interest expense. Prepaid officer compensation. Stock Subscription Agreement. Represents the monetary amount of Common stock issued to settle accrued expenses, during the indicated time period. Represents the monetary amount of Common stock issued upon conversion of convertible debt, during the indicated time period. Represents the monetary amount of Construction in progress costs purchased with third party loan, during the indicated time period. Construction in Progress Text Block. Consulting Agreement. Convertible Promissory Note. Represents the monetary amount of Current portion of long term debt, as of the indicated date. Fair value of derivative liability. Represents the monetary amount of Floating vessels held for sale, as of the indicated date. Represents the monetary amount of (Increase) decrease in Luxuria construction in progress, during the indicated time period. Represents the monetary amount of Initial and change in fair value of derivative, during the indicated time period. Represents the monetary amount of Initial and change in fair value of derivative, during the indicated time period. Represents the monetary amount of Initial and Change in Fair Value of Derivative, during the indicated time period. Represents the monetary amount of Initial derivatives recorded as debt discount, during the indicated time period. Represents the monetary amount of Long term debt to third party, as of the indicated date. Architectural plans, in progress. Represents the monetary amount of Loss on accrued expenses conversion, during the indicated time period. Represents the monetary amount of Loss on accrued expense settlement, during the indicated time period. Represents the monetary amount of Maturity Extension fee, as of the indicated date. Short-term loan to stockholder. Amortization of loan discount. Represents the monetary amount of Proceeds from sale of common stock, during the indicated time period. PROMISSORY NOTE - RELATED PARTY Represents the monetary amount of Redeemable Preferred Stock Series A, as of the indicated date. Related Party Payable. Rental Property and Related Note Payable Text Block. Represents the monetary amount of Repayments on third party loans, during the indicated time period. Represents the textual narrative disclosure of Schedule of Property And Equipment held for sale Text Block, during the indicated time period. Represents the monetary amount of Short Term Convertible Debt, as of the indicated date. Represents the textual narrative disclosure of Short Term Convertible Debt Table Text Block, during the indicated time period. Represents the monetary amount of Short-term convertible loan, net of discounts, as of the indicated date. Short-term convertible note, net of discounts. Represents the monetary amount of Short-term loan to stockholder/related party, as of the indicated date. Represents the monetary amount of Total long term liabilities, as of the indicated date. Represents the monetary amount of Transfer of construction in progress to fixed assets, during the indicated time period. Represents the monetary amount of Unamortized balance extension fee, as of the indicated date. Working Capital Deficit. Debt issued for prepaid interest and loan fees. Shares issued for prepaid legal fees, Value. Shares issued for prepaid legal fees, Shares. Shares issued for prepaid services, Value. Shares issued for prepaid services, Shares. Shares issued for loan fee, Value. Represents the monetary amount of Shares issued for cash, Value, during the indicated time period. Shares issued for cash, Value. Shares issued for loan fee, Shares. Shares issued upon debt conversion, Value. Shares issued upon debt conversion, Shares. Shares issued for construction in progress, Value. Common stock issued to acquire construction in process. Assets, Current Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Shares, Issued Initial and change in fair value of derivative {1} Extinguishment of Debt, Gain (Loss), Net of Tax Depreciation, Depletion and Amortization Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Financing Activities Cash, Period Increase (Decrease) Cash and Cash Equivalents, at Carrying Value Working Capital Deficit Initial and Change in Fair Value of Derivative Consulting Agreement {1} EX-101.PRE 9 gbbt-20170930_pre.xml XBRL PRESENTATION FILE XML 10 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Document and Entity Information - shares
9 Months Ended
Sep. 30, 2017
Nov. 17, 2017
Document and Entity Information:    
Entity Registrant Name Global Boatworks Holdings, Inc.  
Document Type 10-Q/A  
Document Period End Date Sep. 30, 2017  
Trading Symbol gbbt  
Amendment Flag true  
Entity Central Index Key 0001647705  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding 50,436,407 509,044,099
Entity Filer Category Smaller Reporting Company  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Well-known Seasoned Issuer No  
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q3  
Amendment Description Amendment #1  
XML 11 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash $ 9,370 $ 10,511
Construction in progress 0 431,501
Short-term loan to stockholder/related party 30,000 50,000
Prepaid officer compensation 48,142 481,417
Prepaid expenses 29,205 47,593
Total current assets 116,717 1,021,022
PROPERTY AND EQUIPMENT - HELD FOR SALE    
Floating vessel held for sale, net of $16,930 and $0 depreciation 660,250 0
PROPERTY AND EQUIPMENT - OTHER    
Furniture and equipment, net of $437 and $0 depreciation 5,858 0
Architectural plans, net of $2,736 and $1,368 amortization 10,030 11,398
Net property and equipment 676,138 11,398
Total Assets 792,855 1,032,420
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 149,671 127,776
Deferred revenue 0 0
Short-term loan, related party 18,168 200
Short term loans, net of discounts of $12,522 and $0 371,286 100,000
Short term convertible loans, net of discount of $88,396 and $165,494 472,512 429,906
Short term convertible loans related parties, net of discount of $14,481 and $0 1,629 0
Fair value of derivative liability 540,497 780,685
Current portion of long term debt 5,056 0
Due to related party predecessor 3,888 3,888
Total Current Liabilities 1,562,707 1,442,455
LONG TERM LIABILITIES    
Long term debt to third party 27,933 0
Note Payable and accrued interest 105,961 104,482
Total long term liabilities 133,894 104,482
Total liabilities 1,696,601 1,546,937
Redeemable preferred stock Series A, 1,000,000 shares authorized, 1,000,000 shares issued and outstanding at June 30, 2017 and December 31, 2016 ($1,000 redemption value) 1,000 1,000
STOCKHOLDERS' DEFICIT    
Preferred stock, par $0.0001; 10,000,000 shares authorized; 9,000,000 available for issuance 0 0
Common stock, par $0.0001; 1,000,000,000 shares authorized; 509,044,099 and 21,333,629 issued and outstanding at June 30, 2017 and December 31, 2016, respectively 50,904 2,133
Additional paid-in capital 3,232,043 1,087,261
Accumulated deficit (4,187,694) (1,604,911)
Total stockholders' deficit (904,747) (515,517)
Total Liabilities and Stockholders' Deficit $ 792,854 $ 1,032,420
XML 12 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Preferred Stock    
Preferred Stock, Par Value $ 0.0001 $ 0.0001
Preferred Stock, Shares Authorized 10,000,000 10,000,000
Preferred Stock, Shares Issued 0 0
Preferred Stock, Shares Outstanding 0 0
Common Stock    
Common Stock, Par Value $ 0.0001 $ 0.0001
Common Stock, Shares Authorized 1,000,000,000 90,000,000
Common Stock, Shares Issued 50,436,407 21,333,629
Common Stock, Shares Outstanding 50,436,407 21,333,629
Depreciation of floating vessel $ 16,930 $ 0
Depreciation of furniture and equipment 437 0
Achitectural plans, amortization 2,736 1,368
Discounts on short term loans 12,522 0
Discounts on short term convertible loans 88,396 165,494
Discounts on short term convertible loans, related parties $ 14,481 $ 0
XML 13 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Vessel sales $ 222,187 $ 0 $ 222,187 $ 0
Rental revenue 14,840 21,913 30,955 34,553
Total revenues 237,027 21,913 253,142 34,553
Vessel sales cost of sales 0 0 0 0
Rental cost of sales 17,731 3,510 21,448 11,585
GROSS MARGIN 17,731 3,510 21,448 11,585
OPERATING EXPENSES:        
General and administrative 768,005 40,537 1,505,305 113,453
Depreciation and amortization 17,822 456 18,734 912
Professional fees - related party 626,567 0 626,567 0
Professional fees 115,027 48,170 577,148 112,903
Total operating expenses 1,527,421 89,163 2,727,754 227,268
Loss from operations (1,308,125) (70,760) (2,496,060) (204,300)
Other income (expense)        
Interest expense (84,067) (118,062) (351,088) (141,066)
Gain on extinguishment of debt 177,489 0 180,952 0
Initial and change in fair value of derivative (108,326) (186,660) 97,815 (186,660)
Loss on accrued expense settlement 0 0 (14,400) 0
Total other income (expense) (14,904) (304,722) (86,721) (327,726)
Net loss $ (1,323,029) $ (375,482) $ (2,582,781) $ (532,026)
Loss per weighted average common share - basic and diluted $ (.01) $ (.05) $ (.03) $ (.07)
Number of weighted average common shares outstanding- Basic and Diluted 180,527,875 8,196,391 79,682,785 7,365,175
XML 14 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Changes in Stockholders' Deficit - 9 months ended Sep. 30, 2017 - USD ($)
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance, Value at Dec. 31, 2016 $ 0 $ 2,133 $ 1,087,261 $ (1,604,911) $ (515,517)
Balance, Shares at Dec. 31, 2016 0 21,333,629      
Shares issued as a note extension fee, Value   $ 10 5,990 0 6,000
Shares issued as a note extension fee, Shares   100,000      
Shares issued for note fee, Value   $ 100 14,900 0 15,000
Shares issued for note fee, Shares   1,000,000      
Shares issued for services, Value   $ 1,645 548,564 0 550,209
Shares issued for services, Shares   16,452,778      
Shares issued upon debt conversion, Value   $ 1,936 124,508 0 126,444
Shares issued upon debt conversion, Shares   19,357,692      
Shares issued to settle accrued expense, Value   $ 45,080 1,355,320 0 1,400,400
Shares issued to settle accrued expense, Shares   450,800,000      
Beneficial conversion feature on Convertible notes     95,500   95,500
Net loss $ 0 $ 0 0 (2,582,781) (2,582,781)
Balance, Value at Sep. 30, 2017 $ 0 $ 50,904 $ 3,232,043 $ (4,187,693) $ (904,747)
Balance, Shares at Sep. 30, 2017 0 509,044,099      
XML 15 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,582,781) $ (532,026)
Adjustments to reconcile net loss to net cash used in operating activities:    
Initial and change in fair value of derivative (97,815) 186,660
Gain on extinguishment of debt (223,952) 0
Interest added to note balance 35,568 0
Loss on conversion of accrued expenses 1,129,400 0
Loss on debt conversion 43,000 0
Issuance of common and redeemable preferred stock for services 487,375 1,000
Depreciation and amortization 18,734 912
Amortization of common stock issued for prepaid services 533,246 38,750
Amortization of debt discounts 311,874 139,033
Changes in operating assets and liabilities:    
(Increase) decrease in Luxuria construction in progress (245,679) (109,958)
(Increase) decrease in prepaid expenses (221) 1,276
Increase (decrease) in accounts payable and accrued liabilities 292,095 24,856
Increase (decrease) in deferred revenue 0 2,518
Increase (decrease) in accrued interest 8,382 0
Net cash used in operating activities (290,774) (246,979)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from investment receivable 20,000 0
Purchase of property and equipment (6,295) 0
Net cash used in investing activities 13,705 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 0 81,000
Proceeds from cash advance on credit card 0 2,500
Proceeds from related party loans 20,000 200
Repayments on related party loans (2,032) 0
Proceeds from third party loans, net of commissions paid 443,000 227,500
Repayments on third party loans (185,040) 0
Net cash provided by financing activities 275,928 311,200
Net increase (decrease) in cash (1,141) 64,221
Cash, beginning of period 10,511 47,479
Cash, end of period 9,370 111,700
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid in cash 19,151 2,154
Income tax paid in cash 0 0
Non-Cash Investing and Financing Activities:    
Common stock issued for loan fees 15,000 145,000
Common stock issued upon conversion of convertible debt 83,444 0
Common stock issued to settle accrued expenses 271,000 4,032
Construction in progress costs purchased with third party loan 35,000 0
Modification of note to convertible note 60,000 51,700
Transfer of construction in progress to fixed assets 677,180 0
Initial derivatives recorded as debt discount 110,631 217,500
Common stock issued for prepaid services $ 62,834 $ 0
XML 16 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
(1) Nature of Operations
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(1) Nature of Operations

(1) NATURE OF OPERATIONS

 

Global Boatworks Holdings, Inc., (“the Company,” “Successor” or “Global”), was formed on May 11, 2015, under the laws of the State of Florida to reorganize Global Boatworks, LLC. At formation the Company acquired 100% of the membership interests of Global Boatworks, LLC, (“LLC”) which was formed on June 16, 2014, under the laws of the State of Florida. The Company’s business activities to date have primarily consisted of the formation of a business plan for building luxury floating vessels on a barge bottom, rental activities of the existing vessels, which are held for sale or rental, and the construction of new vessels.

 

The accompanying consolidated financial statements include the activities of Global Boatworks Holdings, Inc. and Global Boatworks, LLC, its wholly owned subsidiary.

 

XML 17 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
(2) Basis of Presentation, Use of Estimates and Going Concern
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(2) Basis of Presentation, Use of Estimates and Going Concern

(2) BASIS OF PRESENTATION, USE OF ESTIMATES AND GOING CONCERN

 

a) Basis of Presentation and Principles of Consolidation

The comparative figures shown throughout these unaudited consolidated financial statements are the historical results of Global Boatworks Holdings, Inc. inclusive of its wholly owned subsidiary Global Boatworks, LLC. All intercompany balances and transactions have been eliminated.

 

The accompanying consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles ("GAAP") in the United States of America ("U.S.") as promulgated by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and with the rules and regulations of the U.S Securities and Exchange Commission ("SEC"). The consolidated financial statements reflect all normal recurring adjustments, which, in the opinion of management, are considered necessary for a fair presentation of the results for the periods shown. The results of operations for the periods presented are not necessarily indicative of the results expected for any future period. The information included in the September 30, 2017 unaudited consolidated financial statements should be read in conjunction with Management’s Discussion and Analysis and Results of Operations contained elsewhere in this report and the audited consolidated financial statements and accompanying notes for the years ended December 31, 2016 and 2015, filed in Form 10-K filed on March 30, 2017 with the U.S. Securities and Exchange Commission.

 

b) Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates in the accompanying unaudited consolidated financial statements involved the valuation of construction in progress and resulting completed floating vessel, depreciable life of the luxury floating vessel, valuation of other long lived assets, the valuation of derivatives, the valuation of common and preferred stock issued as compensation, and valuation allowance of deferred income tax benefit.

 

c) Going Concern

The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern. The Company’s financial position and operating results raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issuance date of this report, as reflected by the working capital deficit, accumulated deficit and stockholder’s deficit of $1,445,990; $4,187,694 and $904,747 (unaudited) at September 30, 2017. The Company had a net loss of $2,582,781 and used cash of $290,774 in operating activities in the nine months ended September 30, 2017 (unaudited). In addition several of our promissory note obligations are in default of maturity date payments. The Company continues to have increasing expenses as a result of becoming a publicly held company and constructing new vessels without immediate increases in revenues as they continue to implement their plan of operations. The ability of the Company to continue as a going concern is dependent upon increasing operations, developing sales and obtaining additional capital and financing. The Company is seeking to raise sufficient equity capital to enable it to build the second new style luxury floating vessel. It is also seeking to raise sufficient equity capital to enable it to pay off its existing debt. The unaudited consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

XML 18 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
(3) Summary of Significant Accounting Policies
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(3) Summary of Significant Accounting Policies

(3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

a) Cash and cash equivalents

The Company considers all highly liquid securities with original maturities of three months or less when acquired, to be cash equivalents. The Company had no financial instruments that qualified as cash equivalents at September 30, 2017 (unaudited) or December 31, 2016.

 

b) Construction in progress

Costs to construct vessels are capitalized during the construction phase. Upon completion of a vessel the Company will either sell the vessel or place in it service as a rental property. If the vessel is to be leased or leased while held for sale the construction costs are transferred to property and equipment and depreciated over its useful life.

 

c) Property and equipment

All property and equipment are recorded at cost and depreciated over their estimated useful lives, using the straight-line method. Upon sale or retirement, the cost and related accumulated depreciation are eliminated from their respective accounts, and the resulting gain or loss is included in the results of operations. Repairs and maintenance charges, which do not increase the useful lives of the assets, are charged to operations as incurred.

 

d) Impairment of long-lived assets

A long-lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying value amount may not be recoverable. An impairment loss is recognized when the carrying amount of the asset exceeds the sum of the undiscounted cash flows resulting from its use and eventual disposition. The impairment loss is measured as the amount by which the carrying amount of the long-lived assets exceeds its fair value.

 

e) Financial instruments and Fair value measurements

ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments.

 

ASC 825 also requires disclosures of the fair value of financial instruments. The carrying value of the Company’s current financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short-term maturities of these instruments.

 

FASB ASC 820 “Fair Value Measurement” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows:

 

Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability.

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

 

The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

 

The following is the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis at September 30, 2017 (unaudited) and December 31, 2016, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):

 

 

September 30,

2017

(unaudited)

 

December 31,

2016

 

Level 3 – Embedded Derivative Liability $ 540,497   $                      780,685
           

 

Changes in Level 3 assets measured at fair value for the nine months ended September 30, 2017 (unaudited) were as follows:

 

Balance, December 31, 2016 $ 780,685 
Portion of initial valuation recorded as debt discount   110,631 
Amortization to gain on extinguishment upon conversion or payment   (253,004)
Initial and change in fair value of derivative   (97,815)
Balance, September 30, 2017 (unaudited) $ 540,497 

 

f) Revenue recognition

Rental Revenue Revenue is recognized when earned, generally starting when the rental customer takes temporary possession of the floating vessel and through their contracted stay. Revenue is recognized on a gross basis in accordance with ASC 605-45. Cost of Revenue includes the marina dockage fees and fees charged by the third party web site, where the floating vessel is advertised for rent.

 

Sale Revenue Revenue is recognized when earned, generally at closing of the sale of a vessel. Revenue is recognized on a gross basis in accordance with ASC 605-45. Cost of Revenue includes the capitalized cost of constructing a vessel.

 

g) Stock compensation for services rendered

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 of equity instruments over the shorter of period the employee or director is required to perform the services in exchange for the award or the vesting period. The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.

 

Pursuant to ASC 505-50, for share-based payments to non-employees, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.

 

h) Income Taxes

The LLC is a pass through entity for income tax purposes, therefore there is no income tax provision or liability for this entity through the Company’s incorporation date of May 11, 2015. As a result of the reorganization the Company became a taxable entity on May 11, 2015. Upon becoming a taxable entity, the Company began to use the asset and liability method of ASC 740 to account for income taxes. Under this method, deferred income taxes are determined based on the differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements which will result in taxable or deductible amounts in future years and are measured using the currently enacted tax rates and laws. A valuation allowance is provided to reduce net deferred tax assets to the amount that, based on available evidence, is more likely than not to be realized.

 

The Company follows the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.

 

As of September 30, 2017 tax years 2014, 2015 and 2016 for the LLC and 2015 and 2016 for the corporation remain open for IRS audit. The Company has received no notice of audit or any notifications from the IRS for any of the open tax years.

  

i) Convertible Notes With Fixed Rate Conversion Features

 

The Company may issue convertible notes, which are convertible into common shares at a fixed discount to the price of the common stock at the time of conversion. The Company measures the fair value of the note at the time of issuance at the fixed monetary value of the payable and records any premium as interest expense on the issuance date.

 

j) Debt issue costs

The Company accounts for debt issuance cost paid to lenders, or third parties. The costs associated with the issuance of debt are recorded as debt discount and amortized over the life of the underlying debt instrument.

 

k) Derivatives

The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion, payment or exercise of a convertible note containing an embedded derivative instrument, the instrument is marked to fair value at the conversion date and the debt and derivative are removed from the balance sheet, The shares issued upon conversion of the note are recorded at their fair value and a gain or loss on extinguishment is recognized, as applicable.

 

Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date.

 

l) Net income (loss) per share

Basic loss per share excludes dilution and is computed by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the Company. Diluted loss per share is computed by dividing the loss available to stockholders by the weighted average number of shares outstanding for the period and dilutive potential shares outstanding unless consideration of such dilutive potential shares would result in anti-dilution. There were 255,096,992 and 16,511,370 common stock equivalents at September 30, 2017 (unaudited) and December 31, 2016, respectively.

 

m) Recent accounting pronouncements

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers,” which requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time based on when control of goods and services transfer to a customer. As a result, we do not expect significant changes in the presentation of our financial statements. This ASU is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and entities are permitted to apply either prospectively or retrospectively; early adoption is permitted.

  

In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes,” which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet. As a result, each jurisdiction will now only have one net noncurrent deferred tax asset or liability. This ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and entities are permitted to apply either prospectively or retrospectively; early adoption is permitted. The Company is currently evaluating the effects, if any, that the adoption of this guidance will have on the Company’s financial position, results of operations and cash flows.

 

In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. The new standard principally affects accounting standards for equity investments, financial liabilities where the fair value option has been elected, and the presentation and disclosure

 

m) Recent accounting pronouncements (continued)

requirements for financial instruments. Upon the effective date of the new standards, all equity investments in unconsolidated entities, other than those accounted for using the equity method of accounting, will generally be measured at fair value through earnings. There will no longer be an available-for-sale classification and therefore, no changes in fair value will be reported in other comprehensive income for equity securities with readily determinable fair values. The new guidance on the classification and measurement will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption is permitted. The Company is in the process of evaluating the impact of the adoption of ASU 2016-01 on the Company’s financial position, results of operations and cash flows.

 

In February 2016, the FASB issued ASU 2016-02, “Leases” which, for operating leases, requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. The ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the effects that the adoption of ASU 2016-02 will have on the Company’s consolidated financial statements.

 

In April 2016, FASB issued Accounting Standards Update (“ASU”), 2016-10—Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements in Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year to annual reporting periods beginning after December 15, 2017. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition

 

In May 2016, FASB issued Accounting Standards Update (“ASU”), 2016-12— Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements for Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606):

 

Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year to December 15, 2017. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition.

 

In December 2016, FASB issued Accounting Standards Update (“ASU”), 2016-20 — Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. The amendments in this Update affect the guidance in Update 2014-09, which is not yet effective. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements for Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition.

 

XML 19 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
(4) Construction in Progress
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(4) Construction in Progress

(4) CONSTRUCTION IN PROGRESS

 

Construction in progress represents the capitalized construction of its Luxuria floating vessel(s) being constructed for sale. At June 30, 2017, the Luxuria I was complete and transferred to fixed assets as it is held for rental and/or sale.

 

XML 20 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
(5) Property and Equipment
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(5) Property and Equipment

(5) PROPERTY AND EQUIPMENT

 

Property and Equipment held for sale consists of the following at September 30, 2017 (unaudited) and December 31, 2016:

 

   

September 30,

2017

   

December 31,

2016

Miss Leah floating vessel       -
Luxuria I floating vessel   677,180      -
Less: accumulated depreciation   (16,930)     -
    Total P&E held for sale   660,250      0

 

On September 25, 2014, the Company acquired the Miss Leah, a two story luxury floating vessel in the Cape Cod architectural style built on a barge platform. The Miss Leah was based at a marina in Boston harbor. It was rented out primarily through a third party rental management company on a short term vacation type basis. The Miss Leah was built in 2004 by the founder of the Company and subsequently sold in 2006 to his brother who established the Predecessor’s rental business. Due to the related party relationship between the Company and the Predecessor the luxury floating vessel was recorded on the Company’s books at its original cost basis of $0 based on its fully depreciated value at the transfer date. As the Miss Leah has been recorded on the books of the Company at a value of $0, there is no depreciation recorded. On September 14, 2017, the Company sold the Miss Leah and recorded sales proceeds of $222,187, net of estimated sales tax due of $14,813.

 

On June 30, 2017, the Company transferred the Luxuria I, a two story luxury floating living vessel in the South Florida architectural style, built on a barge platform, from construction in progress to fixed assets as it is complete. The Company has the Luxuria I available for either vacation rental or outright sale. As long as it is available for vacation rental the Company will record depreciation over a 20 year period.

 

Property and Equipment consists of the following at September 30, 2017 (unaudited) and December 31, 2016:

 

    September 30,  2017     December 31, 2016
Architectural plans   12,766      12,766 
Furniture and equipment   6,295     
Less: accumulated amortization and depreciation   (3,173)     (1,368)
    Total P&E   15,888      11,398 

 

The Company capitalized the costs of developing the architectural plans for the Luxuria model floating vessel and has begun amortizing the costs over their estimated useful life of seven years, beginning April 1, 2016. Amortization expense for the nine months ended September 30, 2017, was $1,368.

 

XML 21 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
(6) Rental Property and Related Note Payable
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(6) Rental Property and Related Note Payable

(6) RENTAL PROPERTY AND RELATED NOTE PAYABLE

 

On September 25, 2014, the Company acquired the Miss Leah, a two story luxury floating vessel in the Cape Cod architectural style built on a barge platform. The Miss Leah was based at a marina in Boston harbor. It was rented out primarily through a third party rental management company on a short term vacation type basis. The Miss Leah was built in 2004 by the founder of the Company and subsequently sold in 2006 to his brother who established the Predecessor’s rental business.

 

The terms of this acquisition are for a payable to the related party Predecessor in the amount of $100,000, carrying interest at 2% per annum from the effective date of the transfer date of September 25, 2014 with all principal and interest due on the maturity date of June 20, 2022, which was memorialized in the form of a promissory note in June 2015, effective September 25, 2014. Due to the related party relationship between the Company and the Predecessor the luxury floating vessel was recorded on the Company’s books at its original cost basis of $0 based on its fully depreciated value at the transfer date. Accordingly, the Company charged additional paid-in capital in 2014 as a distribution for $100,000. Outstanding principal and interest totaled $105,961 at September 30, 2017 (unaudited).

 

XML 22 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
(7) Short Term Loans and Short Term Convertible Notes
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(7) Short Term Loans and Short Term Convertible Notes

(7) SHORT TERM LOANS AND SHORT TERM CONVERTIBLE NOTES

 

a) Short term notes

Short term debt including accrued interest was, as follows, at September 30, 2017 (unaudited):

 

Note 1 $ 40,467 
Note 2 280,187 
Note 3 11,473 
Note 4 966 
Note 5 50,717 
Less: unamortized debt discounts (12,524)
Total short term notes, net $ 371,286 

 

NOTE 1: On July 9, 2015, the company entered into a loan agreement in the amount of $151,700 with a shareholder. The company issued 250,000 common shares to the shareholder as consideration for providing us the loan. The shares were valued at $25,000, or $0.10 per share (based on the recent private placement sales) and was recorded as a discount and is being amortized at a rate of $2,083 per month over the life of the loan. The note bears interest at the rate of 10%. Prepaid interest in the amount of $15,000 and a loan fee of $1,700 were deducted from the proceeds of the loan. These were amortized each month at the rate of $1,250 and $142 over the life of the loan, respectively. We were obligated to pay the principal and interest due on July 9, 2016. The loan was secured by the Miss Leah, our company owned vessel.

 

The note holder sold $51,700 of this note to a third party in August 2016, and the Company modified the new $51,700 note to add a conversion feature at a conversion rate of 60% of the trading price of the Company’s common stock. This note is considered stock settled debt and accordingly the Company recorded a premium on the debt of $34,467 as a charge to interest expense on the modification date. This third party converted $51,700 of this in exchange for 1,574,740 shares in August and the fourth quarter 2016, and the premium was reclassified to additional paid in capital.

 

The $100,000 remaining balance of the original note was renegotiated into a new note on December 5, 2016 which matured on July 15, 2017. This new note carries interest at a rate of 16.8% which is payable in cash monthly. The Company paid $10,660 in interest during the nine months ended September 30, 2017. This new note required the Company to issue 100,000 shares which were valued at $6,000 which was recorded as a discount to be amortized over the remaining life of the note. The remaining note balance and unamortized discount balance at September 30, 2017, is $40,000 (see following assignments) and $0 (unaudited).The $40,000 balance of Note 1 matured on July 15, 2017, and is in default. The Company and the lender are negotiating the terms of an extension.

 

This $100,000 note holder sold $60,000 of this note to three third parties on May 17, 2017, (unaudited) and the Company modified the new $20,000 notes to add a conversion feature at a conversion rate of $0.002 per share. The Company recorded a beneficial conversion feature discount of $20,000 for each of these three notes to be amortized over the life of these notes. These third parties converted $13,500 of these notes in exchange for 6,750,000 shares in June 2017. (See Note 7 b)). Two of these third parties converted $11,000 of these notes in exchange for 5,500,000 shares in July 2017. (See Note 7 b)). The remaining $40,000 balance matured on July 15, 2017 and is currently in default.

 

NOTE 2: On January 5, 2017, pursuant to a securities purchase agreement and a secured promissory note for $830,000 available in five tranches, the Company drew $170,000 and received $150,000 in cash net of $15,000 OID and $5,000 legal fees under this nine month secured promissory note. This note is secured by all the assets of the Company, inclusive of the Luxuria I and the Luxuria II, the member interests of its wholly owned LLC and personally guaranteed by Robert Rowe, CEO of the Company. The lender’s security interests are subordinate by law to the security interests of the August 11, 2016 lender. This note is structured in multiple parts, first the initial $170,000 as drawn and a subsequent $660,000 which can be drawn at the Company’s option. This note does not carry a stated interest rate, (except it is 22% in event of default as defined in the promissory note), but carries an Original Issue Discount (OID) that totals $75,000 and is pro-rata on each tranche drawn. The OID will be amortized over the remaining life of the note from the date drawn. In addition, the Company is required to pay $5,000 of the lender’s legal fees which was applied to the first tranche drawn. which will also be recorded as debt discount and will be amortized over the nine month life of the note. The Company received the second tranche of $110,000 and received $100,000 in cash net of $10,000 OID under this note in March 2017. At September 30, 2017, the balance of this note and the unamortized discount is $280,000 and $604, respectively. This note became past due after its maturity date of October 5, 2017.

 

This note requires a partial prepayment if and when the Company sells the Luxuria I and Luxuria II, upon the receipt of which the lender has agreed to release the security interest in the vessels. This prepayment is 10% of the profits on the Luxuria I and 33% of the profits on the Luxuria II. If the Company rents/leases either the Luxuria I or II, then the prepayment is 20% of the gross rental revenue. The balance owed for rental revenue at September 30, 2017 is $187.

 

NOTES 3 AND 4: On April 19, 2017, the Company entered into an eight month financing of the $14,500 Luxuria I annual insurance premium. On June 15, 2017, the Company entered into a six month financing of the $3,211 Miss Leah 10 month insurance premium.

 

NOTE 5: On July 17, 2017, the company entered into a loan agreement in the amount of $50,000 with a shareholder. The company issued 1,000,000 common shares to the shareholder as consideration for providing us the loan. The shares were valued at $15,000, or $0.015 per share based on the quoted market price and was recorded as a debt discount and is being amortized at a rate of $1,250 per month over the life of the loan. The note bears interest at the rate of 12%, payable monthly.

 

b) Short term convertible notes

Short term convertible debt including accrued interest was, as follows, at September 30, 2017 (unaudited):

 

Convertible note 1 $ 0 
Convertible note 2 428,737 
Convertible note 3 15,690 
Convertible note 4 10,511 
Convertible note 5 10,511 
Convertible note 6 - related party 16,111 
Convertible note 7 65,216 
Convertible note 8 30,246 
Less: unamortized debt discounts (102,881)
Less: Related party note, net (1,629)
Total convertible notes, net $ 472,512 

 

NOTES 1 AND 2: On August 11, 2016, pursuant to a securities purchase agreement and a secured convertible promissory note for $610,000, the Company drew $305,000 and received $227,500 in cash under this six month secured convertible promissory note. This note is secured by all the assets of the Company, inclusive of the Miss Leah and the Luxuria 1, and the member interests of its wholly owned LLC. This note is structured in two parts, first the initial $305,000 as drawn and a subsequent $305,000 which can be drawn at the Company’s option in amount/s determined by the Company. This note does not carry a stated interest rate, but carries an Original Issue Discount (OID) that totals $100,000 and is proportional to the total amount borrowed. An OID of $50,000 was recorded as a discount to the note for the initial draw and was amortized over the six month life of the note. In addition, the Company is required to pay $10,000 of the lender’s legal fees (pro rata to the draws) and $22,500 of brokerage commission which was withheld from the initial $305,000 draw, both of which were also recorded as debt discounts and were amortized over the six month life of the note. Also, the Company is required to issue 100,000 shares of restricted common stock which was valued at $0.10 per share based on recent stock sales and recorded as a discount to the note and is being amortized over the six month life of the note. This note requires a $200,000 partial prepayment if and when the Company sells the Miss Leah. The note is personally guaranteed by the Company’s CEO, Robert Rowe. In event of default the note carries an interest rate equal to the lesser of 22% per annum or the maximum rate permitted under applicable law.

 

On October 5, 2016, the Company drew an additional $122,000 and received $92,000 in cash under this six month secured convertible promissory note. An OID of $20,000 was recorded as a discount to the note for the second draw and is being amortized over the remaining life of the note. On November 3, 2016, the Company drew an additional $183,000 and received $150,000 in cash under this six month secured convertible promissory note. An OID of $30,000 and legal costs of $3,000 were recorded as discounts to the note for the third draw and were amortized over the remaining life of the note.

 

The total note is convertible into common stock upon an event of default as follows:

 

Lender has the right at any time following an Event of Default, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).

 

Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 60% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the twenty (20) Trading Days immediately preceding the applicable Conversion. Additionally, if at any time after the Effective Date, the Conversion Shares are not DTC Eligible, then the then-current Conversion Factor will automatically be reduced by 5% for all future Conversions. Finally, in addition to the Default Effect, if any Major Default occurs after the Effective Date (other than an Event of Default for failure to pay the Conversion Eligible Outstanding

 

Balance on the Maturity Date), the Conversion Factor shall automatically be reduced for all future Conversions by an additional 5% for each of the first three (3) Major Defaults that occur after the Effective Date (for the avoidance of doubt, each occurrence of any Major Default shall be deemed to be a separate occurrence for purposes of the foregoing reductions in Conversion Factor, even if the same Major Default occurs three (3) separate times). For example, the first time the Conversion Shares are not DTC Eligible, the Conversion Factor for future Conversions thereafter will be reduced from 60% to 55% for purposes of this example.

 

If, thereafter, there are three (3) separate occurrences of a Major Default pursuant to Section 4.1(a), then for purposes of this example the Conversion Factor would be reduced by 5% for the first such occurrence, and so on for each of the second and third occurrences of such Major Default.

 

Due to the variable conversion terms and certain default provisions, the embedded conversion option has been bifurcated and recorded as a derivative liability at an initial fair value of $378,624 with $217,500 recorded as a debt discount and $161,124 as a derivative expense. The October 5, 2016 draw resulted in an initial fair value of $113,616 with $92,000 recorded as a debt discount and $21,616 as a derivative expense. The November 3, 2016 draw resulted in an initial fair value of $190,356 with $150,000 recorded as a debt discount and $40,356 as a derivative expense. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.50 to 0.10; conversion price range of $0.021 to $0.036; Bond equivalent yield rate between 0.29% to 0.63% and volatility ranging from 240% to 277%. At September 30, 2017, the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 of $0.017 with the conversion price of $0.01; Bond equivalent yield rate 1.12%.

 

On February 4, 2017, the maturity date was extended to May 11, 2017. Under the terms of this extension, the Company agreed to pay an additional $18,300 in interest at maturity. The Company recorded this interest as a debt discount and is amortizing it to maturity. At September 30, 2017, (unaudited) the unamortized balance is $0.

 

On March 22, 2017, the Company issued 1,000,000 shares of common stock to settle $30,000 of this note. These shares were valued at $0.073 per share, or $73,000, based on the quoted trading price, and after relieving the related derivative value a gain of $3,463 was recorded. (See Note 10)

 

In May 2017, the lender bifurcated the original note, which had a then remaining balance of $598,300, into two new notes, Note 1 with a principal balance of $200,000 and Note 2 with a principal balance of $416,249, which included a maturity extension fee of $17,949. Note 1 is collateralized with the Miss Leah and Note 2 with all Company’s assets including the Luxuria I. At September 30, 2017, (unaudited) the unamortized balance of the extension fee is $8,044.

 

Note 1 requires a mandatory partial prepayment of up to $200,000 if and when the Company sells the Miss Leah, upon the receipt of which the lender has agreed to release the security interest in the vessel. Note 2 contains no such provision. All other provisions of the original note are carried over to these two new notes. The maturity date of theses two notes was August 11, 2017. On August 11, 2017, the lender agreed to negotiate three month extensions for both notes which was completed August 14, 2017, and combined extension fee of $17,619 was added to the principal balance of the notes.

 

On July 18, 2017, the Company issued 2,307,692 shares of common stock upon conversion $18,000 of Note 1. On August 10, 2017, the Company issued 3,800,000 shares of common stock upon conversion $10,944 of Note 1. The convertible Notes 1 and 2 in the remaining balances of $182,000 and $416,249 matured on August 11, 2017, which was extended as discussed above. On November 11, 2017, the lender agreed to extend Note 2 for an additional three month period, which the Company expects to be finalized by November 22.

 

On September 14, the Company paid off the balance of Note 1 in the amount of $176,986 from the proceeds of the sale of the Miss Leah.

 

NOTE 3: On April 15, 2017, the Company entered into a 10% convertible promissory note in the amount of $15,000. In event of default the note carries an interest rate of 18%.

 

The total note is convertible into common stock as follows:

 

Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the0 following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).

 

Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 60% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the fifteen (15) Trading Days immediately preceding the applicable Conversion.

 

Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $13,472 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at April 15, 2017, (unaudited) $0.025 with the conversion price of $0.015; Bond equivalent yield rate 0.92%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized balance is $8,044 at September 30, 2017.

 

NOTES 4, 5 and 6: On May 17, 2017, (unaudited) As discussed in section a) above, the $100,000 note holder sold $60,000 of this note to three third parties, one of whom subsequently became a related party, and the Company modified the new $20,000 notes to add a conversion feature at a conversion rate of $0.002 per share, with a maturity date of May 16, 2018. This was accounted for as a debt extinguishment and a beneficial conversion feature was recorded at issuance of $20,000 per note and will be amortized over the life of the notes. These third parties converted an aggregate of $13,500 of these notes in exchange for 6,750,000 shares in June 2017. On July 26, 2017, two of these third parties converted an aggregate of $11,000 of these notes in exchange for 5,500,000 shares. In September 2017, the Company modified the conversion rate of these notes to $0.0005 per share, which was treated as debt extinguishment whereby the then remaining balance of the discount was amortized as interest expense and new beneficial conversion feature discounts totaling $35,500 were recorded which are being amortized over the remaining life of the notes. At September 30, 2017, the unamortized discount was $33,167.

 

NOTE 7: On June 8, 2017, pursuant to a securities purchase agreement and a one year convertible promissory note for $63,000 the Company received $60,000. In addition, the Company is required to pay $2,500 of the lender’s legal fees and $500 of due diligence fees which were withheld from the funds provided. This note carries a 12% interest rate, with all interest due at maturity.

 

The total note is convertible into common stock as follows:

 

Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).

 

Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 61% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the ten (10) Trading Days immediately preceding the applicable Conversion.

 

Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $54,651 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at June 15, 2017, (unaudited) $0.017 with the conversion price of $0.0104; Bond equivalent yield rate 1.11%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.70; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized discount at September 30, 2017 was $40,372.

 

NOTE 8: On April 31, 2017, the Company entered into a 10% convertible promissory note in the amount of $30,000. In event of default the note carries an interest rate of 18%.

 

The total note is convertible into common stock as follows:

 

Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the0 following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).

 

Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 60% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the fifteen (15) Trading Days immediately preceding the applicable Conversion. Due to the variable conversion terms and certain default provisions, the embedded conversion option has been recorded as a derivative liability at an initial fair value of $24,210 recorded as a debt discount. The valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at August 31, 2017, (unaudited) $0.0028 with the conversion price of $0.0018; Bond equivalent yield rate 1.08%. At September 30, 2017, (unaudited) the valuation method utilized was the Black-Scholes model with the following assumptions: Expected life in years 0.10; Stock price at September 30, 2017 $0.0035 with the conversion price of $0.0021; Bond equivalent yield rate 1.18%. The unamortized balance is $20,262 at September 30, 2017.

 

XML 23 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
(8) Promissory Note - Related Party
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(8) Promissory Note - Related Party

(8) SHORT TERM LOAN - RELATED PARTY

 

On May 4, 2017, the Company borrowed $20,000 from the Company’s CEO under an informal agreement. This loan carries an interest rate of 8.98% and has a 36 month term. At September 30, 2017, (unaudited) this note balance is $18,168.

 

As a result of the September 5, 2017, conversion of accrued liability to a former third party consultant for 192,000,000 shares of common stock this third party consultant became a related party. Convertible Note 6 discussed in Note 7b) is owed to this party. This party is also the recipient of the shares discussed in Note 9a)

XML 24 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
(9) Commitments and Contingencies
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(9) Commitments and Contingencies

(9) COMMITMENTS AND CONTINGENCIES

 

a) Stockholders deficit

The Company had the obligation to issue 1,000,000 shares of common stock on July 1, 2017, which has not been issued and has the obligation to issue 1,000,000 shares on January 1, 2018, under a three year consulting agreement entered into on December 1, 2016. These shares are earned per the agreement at 172,222 shares per monthand recognized as consulting fees and are valued at the market price for shares at the date they are earned.

 

b) Leases

The Company occupies dockage space for the Miss Leah pursuant to an agreement with SHM Marina Bay, LLC dated October 1, 2016. We pay annual rents of approximately $12,000. As a result of the September 2017, sale of the Miss Leah the SHM Marina Bay dockage agreement is terminated. The Company occupies dockage space for the Luxuria I pursuant to an agreement with Bahia Mar Marina Bay, LLC dated May 1, 2017. We pay annual rents of approximately $53,636. We occupy approximately four hundred (400) square feet of office space without charge at the residence of our Chief Executive Officer, President, Treasurer and Director, and our Secretary.

 

c) Material Contracts and Agreements

On November 1, 2016, as amended in September 2017, the Company entered into a three year employment agreement with its CEO, Robert Rowe. This agreement calls for him to be paid $20,000 per month in cash and for the Company to issue him 10,000,000 shares of restricted common stock. These shares were issued and valued at the market price on the grant date, $0.0577 per share, for a total of $577,700, which was recorded as prepaid officer compensation and will be amortized over the one year vesting period. The agreement allows him to elect to convert any accrued compensation due him for common stock at a 40% discount market or at such price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as compensation expense. On September 5, 2017, upon partial conversion the Company recognized a $515,000 conversion loss.

 

On December 1, 2016, we entered into an agreement (the Agreement) with Oceanside Equities, Inc., (Oceanside), a Florida corporation that provides consulting services. Oceanside agreed to provide us with services from December 1, 2016 until December 1, 2019, in exchange for a one time fee of $20,000 in cash; $16,000 per month accrued and payable in either cash or shares of restricted common stock at the Company’s election and three million one hundred thousand (3,100,000) shares of our restricted common stock, issued 1,100,000 on January 1, 2017, 1,000,000 issued on July 1, 2017 and 1,000,000 issued on January 1, 2018.  We will value these shares at the market price on the date they are earned which will be recognized over the term of the contract at the rate of 172,222 shares per month. The agreement allows Oceanside to elect to convert any accrued compensation due him for common stock at a 50% discount market or at such lower price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as consulting fee expense. On September 5, 2017, upon partial conversion the Company recognized a $480,000 conversion loss.

 

On May 19, 2017, as amended in September 2017, the Company entered into a two year consulting agreement with a related party, Ron Rowe II. This agreement calls for him to be paid $8,000 per month in cash and for the Company to issue him 5,000,000 shares of restricted common stock. These shares were issued and valued at the market price on the grant date, $0.029 per share, for a total of $145,000, which was recorded as immediate consulting expense since it was issued for past services. The agreement allows the consultant to elect to convert any accrued compensation due him for common stock at a 40% discount market or at such lower price that may have been provided to other parties. The Company recognizes gains or losses on such conversions, on conversion date, as compensation expense. On September 5, 2017, upon partial conversion the Company recognized a $120,000 conversion loss.

  

d) Investment Banking Agreement

In February 2016 the Company entered into a two year investment banking agreement to raise capital. Pursuant to this agreement the Company is obligated to pay a cash success fee between 6% and 10%, depending on the amount raised as well as issue common stock in the amount of 4% of the amount raised. This agreement has been terminated.

 

e) Common Stock Subscription Agreement

In the last quarter of 2014, as memorialized in May 2015, the Company received a stock subscription agreement from a now former officer and director of the Company for 1,500,000 shares of common stock in exchange for $250,000 in cash or cash equivalents, such as labor and materials for the construction of the barge bottom, or $0.167 per share. Through June 30, 2016 this former officer and director has paid $55,000 and received 330,000 shares, respectively. In August 2016, the Company issued 425,000 shares of our restricted common stock to this former officer and director in exchange for the construction of the barge bottom for Luxuria I, delivered in February, valued at $70,000, based on a signed negotiated agreement.

 

f) Legal Matters

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of September 30, 2017 (unaudited), there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations.

 

This party discussed in e) above has not accepted the stock certificate and recently informed the Company that they want to renegotiate since the market price of the common stock has fallen below the negotiated signed contractual price per share.

 

XML 25 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
(10) Stockholders' Deficit
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(10) Stockholders' Deficit

(10) STOCKHOLDERS’ DEFICIT

 

At September 30, 2017 (unaudited) and December 31, 2016, the Company has 1,000,000,000 shares of par value $0.0001 common stock authorized and 509,044,099 (unaudited) and 21,333,629 issued and outstanding, respectively; the Company has 10,000,000 shares of par value $0.0001 preferred stock authorized and 1,000,000 and 1,000,000 Redeemable Series A preferred shares issued and outstanding, respectively.

 

On January 1, 2017, the Company issued 927,778 shares of common stock under a consulting agreement. These shares were valued at $0.08 per share, or $62,834. On January 12, 2017, the Company issued 100,000 shares of common stock pursuant to the replacement $100,000 promissory note. These shares were valued at $0.06 per share, or $6,000, which was recorded as a debt discount and is being amortized over the remaining life of the loan. On January 18, 2017, the Company issued 200,000 shares of common stock under a consulting agreement. These shares were valued at $0.08 per share, or $16,000. On January 23, 2017, the Company issued 250,000 shares of common stock under a consulting agreement. These shares were valued at $0.14 per share, or $33,750.

 

On March 22, 2017, the Company issued 1,000,000 shares of common stock to settle $30,000 of the outstanding convertible debt. These shares were valued at $0.073 per share, or $73,000 based on the quoted trading price, and after relieving the related derivative value a gain of $3,463 was recorded. (See Note 7)

 

On May 4, 2017, the Company issued 75,000 shares of common stock under a consulting agreement. These shares were valued at $0.035 per share, or $2,625. On May 19, 2017, the Company issued 5,000,000 and 5,000,000 shares of common stock to the Company’s two officers in exchange for services rendered. These shares were valued at $0.029 per share, or $145,000 and $145,000. On May 19, 2017, the Company issued 5,000,000 shares of common stock to the brother of the Company’s CEO in exchange for services rendered. These shares were valued at $0.029 per share, or $145,000. On May 25, 2017, the Company issued 4,800,000 shares of common stock to settle $48,000 of expenses accrued under a consulting agreement. These shares were valued at $0.013 per share, or $62,400. Accordingly, the Company recorded $14,400 as a loss on accrued expenses settlement. On June 17, 2017, the Company issued 2,250,000; 2,250,000 and 2,250,000 shares of common stock to three parties to settle an aggregate $13,500 of debt of Convertible Notes 4, 5 and 6. These shares were valued at $0.002 per share, or $4,500; $4,500 and $4,500.

 

On July 17, 2017 the Company issued 1,000,000 shares as a loan fee to a third party. These shares were valued at the quoted market price of $0.015 per share, or $15,000. On July 18, 2017, the Company issued 2,307,692 shares of common stock upon conversion of $18,000 of outstanding convertible debt. On July 18, 2017, the Company issued 5,500,000 shares of common stock upon conversion of $11,000 of outstanding convertible debt. On August 18, 2017, the Company issued 3,800,000 shares of common stock upon conversion of $10,944 of outstanding convertible debt. On September 5, 2017, the Company issued 446,000,000 shares of common stock upon conversion of $223,000 of accrued liabilities to three related parties and recognized a loss of $1,115,000, charging officer compensation $515,000 and related party professional fees $600,000. The shares were valued at the quoted market price of $0.003 on that date.

 

Share valuations for services and settlements were based on the quoted trading price on the requisite measurement dates.

 

XML 26 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
(11) Related Parties
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(11) Related Parties

(11) RELATED PARTIES

 

a) Rental property

On September 25, 2014, the Company acquired the Miss Leah, a luxury floating vessel built on a barge platform from the Predecessor which is owned by the founders brother. As part of this acquisition transaction the Company issued a promissory note in June 2015 to the Predecessor in the amount of $100,000, carrying an interest rate of 2% effective September 25, 2014, with a maturity date of June 20, 2022. The Company recorded the payable in September 2014 which was formalized with this promissory note in June 2015. At September 30, 2017 (unaudited) and December 31, 2016, the Company had accrued interest of $5,961 and $4,482, respectively.

 

b) Related party payable

In the last quarter 2014, the Predecessor continued to receive some of the revenue from and to pay some of the expenses related to the rental of the Miss Leah. The Company has established a payable to the Predecessor for the net differential of $3,888 and recorded the related revenue and expenses in the Company’s records.

 

c) Common stock subscription receivable

In the last quarter 2014 as memorialized in May 2015, the Company received a stock subscription agreement from a now former director of the Company for 1,500,000 shares of common stock in exchange for $250,000 in cash or cash equivalents, or $0.167 per share. In 2014 and 2015 this now former director contributed $5,000 and $50,000 and received 30,000 and 300,000 shares, respectively. In 2016 he constructed the barge bottom for the Luxuria I and received 425,000 shares valued at $70,000. (See Note 9 f))

 

d) Payments to related parties during each period of operations presented:

 

  Nine Months ended September 30, 2017   Nine Months ended September 30, 2016
  (Unaudited)   (Unaudited)
Commissions - daughter of founder $ 2,383   $ 3,440
Construction management - brother of founder $ 28,500   $ -
Construction management - nephew of founder $ 24,000   $ -

 

 

e) Short term loans

On May 4, 2017, the Company borrowed $20,000 from the Company’s CEO under an informal agreement. This loan carries an interest rate of 8.98% and has a 36 month term. At September 30, 2017, (unaudited) this note balance is $18,168.

 

As a result of the September 5, 2017, conversion of accrued liability to a former third party consultant for 192,000,000 shares of common stock this third party consultant became a related party. Convertible Note 6 discussed in Note 7b) is owed to this party. This party is also the recipient of the shares discussed in Note 9a)

 

XML 27 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
(12) Concentrations of Risk
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(12) Concentrations of Risk

(12) CONCENTRATIONS OF RISK

 

The Company has only one revenue producing asset at September 30, 2017, the floating vessel which is located in Ft. Lauderdale, Florida, and is available for sale. The Company primarily utilizes one booking agent to schedule bookings from customers and collect the revenue. If required the Company believes it could obtain bookings through an alternative provider.

 

The Company transferred the Luxuria I, which is located in Ft. Lauderdale, Florida, from Construction in progress to Property and equipment held for sale on June 30, 2017. The Company has this vessel listed with two booking agents to schedule bookings from customers and collect the revenue and also has it listed for sale.

 

The Company maintains its cash in bank deposit accounts, which may, at times, may exceed federally insured limits. The Company had no cash balances in excess of FDIC insured limits at September 30, 2017 (unaudited) and December 31, 2016, respectively.

 

XML 28 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
(13) Subsequent Events
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
(13) Subsequent Events

(13) SUBSEQUENT EVENTS

 

a) Short term notes

The note in the remaining balance of $280,000 matured on October 11, 2017. On November 17, 2017, the lender agreed to extend this note for an additional three month period which is expected to be finalized by November 22, 2017, for an extension fee expected to be in the amount of approximately $8,400.

 

b) Short term convertible notes

The convertible Note 2 in the remaining balance of $428,737 matured on November 11, 2017. On November 17, 2017, the lender agreed to extend this note for an additional three month period which is expected to be finalized by November 22, 2017, for an extension fee expected to be in the amount of approximately $12,800.

 

In October 2017, pursuant to a securities purchase agreement and a one year convertible promissory note for $43,000 the Company received $40,000. In addition, the Company is required to pay $2,500 of the lender’s legal fees and $500 of due diligence fees which were withheld from the funds provided. This note carries a 12% interest rate, with all interest due at maturity.

 

The total note is convertible into common stock as follows:

 

Lender has the right at any time, at its election, to convert (each instance of conversion is referred to herein as a “Conversion”) all or any part of the Conversion Eligible Outstanding Balance into shares (“Conversion Shares”) of fully paid and non-assessable common stock, $0.0001 par value per share (“Common Stock”), of Company as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price (as defined below).

 

Subject to the adjustments set forth herein, the conversion price (the “Conversion Price”) for each Conversion shall be equal to 61% (the “Conversion Factor”) multiplied by the lowest Closing Bid Price in the ten (10) Trading Days immediately preceding the applicable Conversion.

 

c) Stockholders’ deficit

In October 2017, the Board of Directors of the Company and a majority in interest of the shareholders of the Company approved an increase in the number of authorized common shares from 1,000,000,000 (One Billion) to 5,000,000,000 (Five Billion). The articles of incorporation of the Company were amended effecting the increase.

 

XML 29 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
(3) Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
Assets and liabilities measured at fair value on a recurring and nonrecurring basis
 

September 30,

2017

(unaudited)

 

December 31,

2016

 

Level 3 – Embedded Derivative Liability $ 540,497   $                      780,685
           
Changes in Level 3 assets measured at fair value
Balance, December 31, 2016 $ 780,685 
Portion of initial valuation recorded as debt discount   110,631 
Amortization to gain on extinguishment upon conversion or payment   (253,004)
Initial and change in fair value of derivative   (97,815)
Balance, September 30, 2017 (unaudited) $ 540,497 
XML 30 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
(5) Property and Equipment: Property, Plant and Equipment (Tables)
9 Months Ended
Sep. 30, 2017
Table Text Block Supplement [Abstract]  
Schedule of Property And Equipment held for sale Text Block
   

September 30,

2017

   

December 31,

2016

Miss Leah floating vessel       -
Luxuria I floating vessel   677,180      -
Less: accumulated depreciation   (16,930)     -
    Total P&E held for sale   660,250      0
Property, Plant and Equipment
    September 30,  2017     December 31, 2016
Architectural plans   12,766      12,766 
Furniture and equipment   6,295     
Less: accumulated amortization and depreciation   (3,173)     (1,368)
    Total P&E   15,888      11,398 
XML 31 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
(7) Short Term Loan and Short Term Convertible Note (Tables)
9 Months Ended
Sep. 30, 2017
Table Text Block Supplement [Abstract]  
Schedule of Short-term Debt
Note 1 $ 40,467 
Note 2 280,187 
Note 3 11,473 
Note 4 966 
Note 5 50,717 
Less: unamortized debt discounts (12,524)
Total short term notes, net $ 371,286 
Short Term Convertible Debt Table Text Block
Convertible note 1 $ 0 
Convertible note 2 428,737 
Convertible note 3 15,690 
Convertible note 4 10,511 
Convertible note 5 10,511 
Convertible note 6 - related party 16,111 
Convertible note 7 65,216 
Convertible note 8 30,246 
Less: unamortized debt discounts (102,881)
Less: Related party note, net (1,629)
Total convertible notes, net $ 472,512 
XML 32 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
(11) Related Parties: Schedule of Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2017
Table Text Block Supplement [Abstract]  
Schedule of Related Party Transactions
  Nine Months ended September 30, 2017   Nine Months ended September 30, 2016
  (Unaudited)   (Unaudited)
Commissions - daughter of founder $ 2,383   $ 3,440
Construction management - brother of founder $ 28,500   $ -
Construction management - nephew of founder $ 24,000   $ -
XML 33 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
(2) Basis of Presentation, Use of Estimates and Going Concern: C) Going Concern (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Text Block [Abstract]          
Working Capital Deficit $ 1,445,990   $ 1,445,990    
Accumulated deficit 4,187,694   4,187,694   $ 1,604,911
TOTAL STOCKHOLDERS' (DEFICIT) 904,747   904,747   $ 515,517
Net loss $ 1,323,029 $ 375,482 2,582,781 $ 532,026  
Net cash used in operating activities     $ 290,774 $ 246,979  
XML 34 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
(3) Summary of Significant Accounting Policies: E) Financial Instruments and Fair Value Measurements: Schedule of Derivative Instruments (Details) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Accounting Policies [Abstract]      
Embedded Derivative, Fair Value of Embedded Derivative Liability $ 614,503   $ 780,685
Level 3 fair value of assets 540,497   $ 780,685
Portion of initial valuation recorded as debt discount 110,631 $ 217,500  
Amortization to gain on extinguishment upon conversion or payment (253,004)    
Initial and change in fair value of derivative $ (97,815)    
XML 35 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
(3) Summary of Significant Accounting Policies (Notes Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Accounting Policies [Abstract]    
Cash Equivalents $ 0 $ 0
XML 36 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
(5) Property and Equipment: Schedule of Property And Equipment held for sale Text Block (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Text Block [Abstract]    
Miss Leah floating vessel $ 0 $ 0
Luxuria I floating vessel 677,180 0
Less: accumulated depreciation (16,930) 0
Total P&E held for sale $ 660,250 $ 0
XML 37 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
(5) Property and Equipment: Property, Plant and Equipment (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Text Block [Abstract]    
Architectural plans $ 12,766 $ 12,766
Furniture and equipment 6,295 0
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment (16,930) 0
Property, Plant and Equipment, Other, Net $ 15,888 $ 11,398
XML 38 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
(6) Rental Property and Related Note Payable (Details Narrative)
Sep. 30, 2017
USD ($)
Disclosure Text Block [Abstract]  
Outstanding principal and interest on Miss Leah $ 105,961
XML 39 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
(7) Short Term Loans and Short Term Convertible Notes: Schedule of Short-term Debt (Details)
Sep. 30, 2017
USD ($)
Short Term Note 1  
Debt, Current $ 40,467
Short Term Note 2  
Debt, Current 280,187
Note 3  
Debt, Current 11,473
Note 4  
Debt, Current 966
Note 5  
Debt, Current 50,717
Less: Unamortized Debt Discounts  
Debt, Current (12,524)
Total Short Term Notes, Net  
Debt, Current $ 371,286
XML 40 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
(7) Short Term Loans and Short Term Convertible Notes: Short Term Convertible Debt Table Text Block (Details)
Sep. 30, 2017
USD ($)
Convertible Note 1  
Short Term Convertible Debt $ 0
Convertible Note 2  
Short Term Convertible Debt 428,737
Convertible Note 3  
Short Term Convertible Debt 15,690
Convertible Note 4  
Short Term Convertible Debt 10,511
Convertible Note 5  
Short Term Convertible Debt 10,511
Convertible Note 6  
Short Term Convertible Debt 16,111
Convertible Note 7  
Short Term Convertible Debt 65,216
Convertible Note 8  
Short Term Convertible Debt 30,246
Unamortized Debt Discounts  
Short Term Convertible Debt (102,881)
Less: Related Party Note Net  
Short Term Convertible Debt (1,629)
Total Convertible Notes, Net  
Short Term Convertible Debt $ 472,512
XML 41 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
(7) Short Term Loans and Short Term Convertible Notes (Details Narrative) - USD ($)
3 Months Ended
Sep. 30, 2017
Jul. 07, 2017
Jun. 15, 2017
May 31, 2017
Apr. 19, 2017
Apr. 15, 2017
Mar. 22, 2017
Jan. 05, 2017
Dec. 31, 2016
Oct. 05, 2016
Aug. 11, 2016
Jul. 09, 2015
Common Stock, Shares Issued 50,436,407 1,000,000         1,000,000   21,333,629      
Convertible Debt             $ 30,000          
Common Stock, Par Value $ 0.0001           $ 0.073   $ 0.0001      
Derivative, Gain on Derivative $ 3,463                      
Maturity Extension fee       $ 17,949                
Unamortized balance extension fee       8,194                
Short Term Note 1                        
Short-term Debt, Fair Value                       $ 151,700
Common Stock, Shares Issued                       250,000
Debt, Current 40,467                      
Short Term Note 2                        
Convertible Debt               $ 830,000        
Debt, Current 280,187                      
Note 3                        
Debt, Current 11,473                      
Note 4                        
Debt, Current 966                      
Total Short Term Notes, Net                        
Debt, Current 371,286                      
Less: Unamortized Debt Discounts                        
Debt, Current $ (12,524)                      
MissLeahMember                        
Prepaid Insurance     $ 3,211                  
Note 2 - Luxuria I                        
Debt, Current       416,249                
Note 1 - Miss Leah                        
Debt, Current       $ 200,000                
Short Term Note 3 LuxuriaI                        
Prepaid Insurance         $ 14,500              
Convertible Note 3                        
Convertible Debt           $ 15,000            
Convertible Note 2                        
Convertible Promissory Note                   $ 122,000    
Convertible Note 1                        
Convertible Promissory Note                     $ 610,000  
XML 42 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
(8) Promissory Note - Related Party (Details Narrative) - USD ($)
Sep. 30, 2017
May 04, 2017
Sep. 25, 2014
Text Block [Abstract]      
Notes Payable   $ 20,000  
Debt Instrument, Interest Rate, Stated Percentage   8.98%  
Balance due on short term related party loan $ 18,168   $ 100,000
XML 43 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
(9) Commitments and Contingencies (Details) - USD ($)
9 Months Ended
Sep. 30, 2017
Jan. 01, 2018
Jul. 07, 2017
Jul. 01, 2017
Jun. 30, 2017
Mar. 22, 2017
Dec. 31, 2016
Dec. 09, 2016
Nov. 01, 2016
Jul. 09, 2015
Common Stock, Shares Issued 50,436,407   1,000,000     1,000,000 21,333,629      
Operating Leases, Rent Expense $ 12,000                  
Due to related party predecessor $ 3,888           $ 3,888      
Shares to be issued   1,000,000   1,000,000            
Short Term Note 1                    
Common Stock, Shares Issued                   250,000
Consulting Agreement                    
Common Stock, Shares Issued         1,100,000          
Oceanside Equities, Inc.                    
Consulting Agreement               $ 20,000    
Robert Rowe                    
Due to related party predecessor                 $ 20,000  
XML 44 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
(10) Stockholders' Deficit (Details) - USD ($)
3 Months Ended
Mar. 31, 2017
Oct. 31, 2017
Sep. 30, 2017
Jul. 07, 2017
Jun. 17, 2017
May 25, 2017
May 19, 2017
May 04, 2017
Mar. 22, 2017
Jan. 23, 2017
Jan. 18, 2017
Jan. 05, 2017
Jan. 02, 2017
Dec. 31, 2016
Common Stock, Shares Authorized   5,000,000,000 1,000,000,000                     90,000,000
Common Stock, Par Value     $ 0.0001           $ 0.073         $ 0.0001
Common Stock, Shares Issued     50,436,407 1,000,000         1,000,000         21,333,629
Common Stock, Shares Outstanding     50,436,407                     21,333,629
Preferred Stock, Shares Authorized     10,000,000                     10,000,000
Common stock     $ 50,904           $ 73,000         $ 2,133
Debt Conversion, Converted Instrument, Shares Issued 1,000,000                          
Convertible Debt                 $ 30,000          
Short Term Note 2                            
Convertible Debt                       $ 830,000    
Debt Conversion | Party 3                            
Common Stock, Shares Issued         2,250,000                  
Debt Conversion | Party 2                            
Common Stock, Shares Issued         2,250,000                  
Debt Conversion | Party 1                            
Common Stock, Shares Issued         2,250,000                  
Consulting Agreement                            
Common Stock, Shares Issued               75,000   250,000 200,000   927,778  
Common stock           $ 62,400   $ 2,625   $ 33,750 $ 16,000   $ 62,834  
Consulting Agreement | Party 3                            
Common stock                   4,500        
Consulting Agreement | Party 2                            
Common stock                   4,500        
Consulting Agreement | Party 1                            
Common stock                   $ 4,500        
Consulting Agreement | brother of the CEO                            
Common Stock, Shares Issued             5,000,000              
Consulting Agreement | officer 2                            
Common Stock, Shares Issued             5,000,000              
Consulting Agreement | officer 1                            
Common Stock, Shares Issued             5,000,000              
XML 45 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
(11) Related Parties: Schedule of Related Party Transactions (Details) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Commissions - daughter of founder $ 2,383 $ 3,440
Brother of Founder    
Construction management 28,500 0
Nephew of Founder    
Construction management $ 24,000 $ 0
XML 46 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
(11) Related Parties (Details Narrative) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Sep. 25, 2014
Text Block [Abstract]      
Related Party Payable $ 18,168   $ 100,000
Interest Payable, Current $ 5,961 $ 4,482  
XML 47 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
(13) Subsequent Events (Details Narrative) - USD ($)
Nov. 17, 2017
Oct. 31, 2017
Sep. 30, 2017
Dec. 31, 2016
Common Stock, Shares Authorized   5,000,000,000 1,000,000,000 90,000,000
Convertible Note 2 Extension Fee        
Short Term Note Extension fee $ 12,800      
Convertible Note Extension Fee        
Short Term Note Extension fee $ 8,400      
XML 48 R9999.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Cash and Cash Equivalents, at Carrying Value us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2,194
EXCEL 49 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 50 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 51 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 53 FilingSummary.xml IDEA: XBRL DOCUMENT 3.8.0.1 html 81 184 1 false 41 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://globalboatworks.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consolidated Balance Sheets Sheet http://globalboatworks.com/role/BalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://globalboatworks.com/role/BalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations Sheet http://globalboatworks.com/role/StatementsOfOperations Consolidated Statements of Operations Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statement of Changes in Stockholders' Deficit Sheet http://globalboatworks.com/role/StatementOfChangesInStockholdersDeficit Consolidated Statement of Changes in Stockholders' Deficit Statements 5 false false R6.htm 00000006 - Statement - Consolidated Statements of Cash Flows Sheet http://globalboatworks.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows Statements 6 false false R7.htm 00000007 - Disclosure - (1) Nature of Operations Sheet http://globalboatworks.com/20170630/role/idr_Disclosure1NatureOfOperations (1) Nature of Operations Notes 7 false false R8.htm 00000008 - Disclosure - (2) Basis of Presentation, Use of Estimates and Going Concern Sheet http://globalboatworks.com/20170630/role/idr_Disclosure2BasisOfPresentationUseOfEstimatesAndGoingConcern (2) Basis of Presentation, Use of Estimates and Going Concern Notes 8 false false R9.htm 00000009 - Disclosure - (3) Summary of Significant Accounting Policies Sheet http://globalboatworks.com/20170630/role/idr_Disclosure3SummaryOfSignificantAccountingPolicies (3) Summary of Significant Accounting Policies Notes 9 false false R10.htm 00000010 - Disclosure - (4) Construction in Progress Sheet http://globalboatworks.com/20170630/role/idr_Disclosure4ConstructionInProgress (4) Construction in Progress Notes 10 false false R11.htm 00000011 - Disclosure - (5) Property and Equipment Sheet http://globalboatworks.com/20170630/role/idr_Disclosure5PropertyAndEquipment (5) Property and Equipment Notes 11 false false R12.htm 00000012 - Disclosure - (6) Rental Property and Related Note Payable Sheet http://globalboatworks.com/20170630/role/idr_Disclosure6RentalPropertyAndRelatedNotePayable (6) Rental Property and Related Note Payable Notes 12 false false R13.htm 00000013 - Disclosure - (7) Short Term Loans and Short Term Convertible Notes Notes http://globalboatworks.com/role/ShortTermLoansAndShortTermConvertibleNotes (7) Short Term Loans and Short Term Convertible Notes Notes 13 false false R14.htm 00000014 - Disclosure - (8) Promissory Note - Related Party Sheet http://globalboatworks.com/20170630/role/idr_Disclosure8PromissoryNoteRelatedParty (8) Promissory Note - Related Party Notes 14 false false R15.htm 00000015 - Disclosure - (9) Commitments and Contingencies Sheet http://globalboatworks.com/20170630/role/idr_Disclosure9CommitmentsAndContingencies (9) Commitments and Contingencies Notes 15 false false R16.htm 00000016 - Disclosure - (10) Stockholders' Deficit Sheet http://globalboatworks.com/20170630/role/idr_Disclosure10StockholdersDeficit (10) Stockholders' Deficit Notes 16 false false R17.htm 00000017 - Disclosure - (11) Related Parties Sheet http://globalboatworks.com/20170630/role/idr_Disclosure11RelatedParties (11) Related Parties Notes 17 false false R18.htm 00000018 - Disclosure - (12) Concentrations of Risk Sheet http://globalboatworks.com/20170630/role/idr_Disclosure12ConcentrationsOfRisk (12) Concentrations of Risk Notes 18 false false R19.htm 00000019 - Disclosure - (13) Subsequent Events Sheet http://globalboatworks.com/20170630/role/idr_Disclosure13SubsequentEvents (13) Subsequent Events Notes 19 false false R20.htm 00000020 - Disclosure - (3) Summary of Significant Accounting Policies (Tables) Sheet http://globalboatworks.com/role/SummaryOfSignificantAccountingPoliciesTables (3) Summary of Significant Accounting Policies (Tables) Policies http://globalboatworks.com/20170630/role/idr_Disclosure3SummaryOfSignificantAccountingPolicies 20 false false R21.htm 00000021 - Disclosure - (5) Property and Equipment: Property, Plant and Equipment (Tables) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure5PropertyAndEquipmentPropertyPlantAndEquipmentTables (5) Property and Equipment: Property, Plant and Equipment (Tables) Tables 21 false false R22.htm 00000022 - Disclosure - (7) Short Term Loan and Short Term Convertible Note (Tables) Sheet http://globalboatworks.com/role/ShortTermLoanAndShortTermConvertibleNoteTables (7) Short Term Loan and Short Term Convertible Note (Tables) Tables 22 false false R23.htm 00000023 - Disclosure - (11) Related Parties: Schedule of Related Party Transactions (Tables) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure11RelatedPartiesScheduleOfRelatedPartyTransactionsTables (11) Related Parties: Schedule of Related Party Transactions (Tables) Tables 23 false false R24.htm 00000024 - Disclosure - (2) Basis of Presentation, Use of Estimates and Going Concern: C) Going Concern (Details Narrative) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure2BasisOfPresentationUseOfEstimatesAndGoingConcernCGoingConcernDetails (2) Basis of Presentation, Use of Estimates and Going Concern: C) Going Concern (Details Narrative) Details 24 false false R25.htm 00000025 - Disclosure - (3) Summary of Significant Accounting Policies: E) Financial Instruments and Fair Value Measurements: Schedule of Derivative Instruments (Details) Sheet http://globalboatworks.com/role/SummaryOfSignificantAccountingPoliciesEFinancialInstrumentsAndFairValueMeasurementsScheduleOfDerivativeInstrumentsDetails (3) Summary of Significant Accounting Policies: E) Financial Instruments and Fair Value Measurements: Schedule of Derivative Instruments (Details) Details 25 false false R26.htm 00000026 - Disclosure - (3) Summary of Significant Accounting Policies (Notes Details) Notes http://globalboatworks.com/role/SummaryOfSignificantAccountingPoliciesNotesDetails (3) Summary of Significant Accounting Policies (Notes Details) Uncategorized 26 false false R27.htm 00000027 - Disclosure - (5) Property and Equipment: Schedule of Property And Equipment held for sale Text Block (Details) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure5PropertyAndEquipmentScheduleOfPropertyAndEquipmentHeldForSaleTextBlockDetails (5) Property and Equipment: Schedule of Property And Equipment held for sale Text Block (Details) Uncategorized 27 false false R28.htm 00000028 - Disclosure - (5) Property and Equipment: Property, Plant and Equipment (Details) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure5PropertyAndEquipmentPropertyPlantAndEquipmentDetails (5) Property and Equipment: Property, Plant and Equipment (Details) Uncategorized 28 false false R29.htm 00000029 - Disclosure - (6) Rental Property and Related Note Payable (Details Narrative) Sheet http://globalboatworks.com/role/RentalPropertyAndRelatedNotePayableDetailsNarrative (6) Rental Property and Related Note Payable (Details Narrative) Uncategorized 29 false false R30.htm 00000030 - Disclosure - (7) Short Term Loans and Short Term Convertible Notes: Schedule of Short-term Debt (Details) Notes http://globalboatworks.com/20170630/role/idr_Disclosure7ShortTermLoanAndShortTermConvertibleNoteScheduleOfShortTermDebtDetails (7) Short Term Loans and Short Term Convertible Notes: Schedule of Short-term Debt (Details) Uncategorized 30 false false R31.htm 00000031 - Disclosure - (7) Short Term Loans and Short Term Convertible Notes: Short Term Convertible Debt Table Text Block (Details) Notes http://globalboatworks.com/role/ShortTermLoansAndShortTermConvertibleNotesShortTermConvertibleDebtTableTextBlockDetails (7) Short Term Loans and Short Term Convertible Notes: Short Term Convertible Debt Table Text Block (Details) Uncategorized 31 false false R32.htm 00000032 - Disclosure - (7) Short Term Loans and Short Term Convertible Notes (Details Narrative) Notes http://globalboatworks.com/role/ShortTermLoansAndShortTermConvertibleNotesDetailsNarrative (7) Short Term Loans and Short Term Convertible Notes (Details Narrative) Uncategorized 32 false false R33.htm 00000033 - Disclosure - (8) Promissory Note - Related Party (Details Narrative) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure8PromissoryNoteRelatedPartyDetails (8) Promissory Note - Related Party (Details Narrative) Uncategorized 33 false false R34.htm 00000034 - Disclosure - (9) Commitments and Contingencies (Details) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure9CommitmentsAndContingenciesDetails (9) Commitments and Contingencies (Details) Uncategorized 34 false false R35.htm 00000035 - Disclosure - (10) Stockholders' Deficit (Details) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure10StockholdersDeficitDetails (10) Stockholders' Deficit (Details) Uncategorized 35 false false R36.htm 00000036 - Disclosure - (11) Related Parties: Schedule of Related Party Transactions (Details) Sheet http://globalboatworks.com/20170630/role/idr_Disclosure11RelatedPartiesScheduleOfRelatedPartyTransactionsDetails (11) Related Parties: Schedule of Related Party Transactions (Details) Uncategorized 36 false false R37.htm 00000037 - Disclosure - (11) Related Parties (Details Narrative) Sheet http://globalboatworks.com/role/RelatedPartiesDetailsNarrative (11) Related Parties (Details Narrative) Uncategorized 37 false false R38.htm 00000038 - Disclosure - (13) Subsequent Events (Details Narrative) Sheet http://globalboatworks.com/role/SubsequentEventsDetailsNarrative (13) Subsequent Events (Details Narrative) Uncategorized 38 false false R9999.htm Uncategorized Items - gbbt-20170930.xml Sheet http://xbrl.sec.gov/role/uncategorizedFacts Uncategorized Items - gbbt-20170930.xml Cover 39 false false All Reports Book All Reports gbbt-20170930.xml gbbt-20170930.xsd gbbt-20170930_cal.xml gbbt-20170930_def.xml gbbt-20170930_lab.xml gbbt-20170930_pre.xml http://xbrl.sec.gov/dei/2014-01-31 http://fasb.org/us-gaap/2016-01-31 true true ZIP 55 0001469709-17-000308-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001469709-17-000308-xbrl.zip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�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