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Document and Entity Information - USD ($)
 12 Months Ended
Dec. 31, 2015
Oct. 11, 2017
Document And Entity Information    
Entity Registrant Name Elite Data Services, Inc.  
Entity Central Index Key 0000704366  
Document Type 10-K/A  
Document Period End Date Dec. 31, 2015  
Amendment Flag true  
Amendment Discription

On September 27, 2016 (the “Original Filing Date”), the Registrant filed with the SEC a current report on Form 10-K for fiscal year ended December 31, 2015 (the “Original Form 10-K”).

 

On May 10, 2017, the Company filed a report on Form 10-K/A (the “Amendment”) provides an amended audit report and updated disclosures related to the Company’s operations, including, but not limited to: (1) the active status of the Company as a registered Florida corporation, (2) the status of a certain pending acquisition, (3) business items related to a certain joint venture directly related to the gaming operations in Roatan, Honduras, (4) the status of the 1 for 1000 reverse split of the Company’s common stock previously announced, and (4) internal control procedures disclosure.

 

This report on Form 10-K/A2 (the “2nd Amendment”) incorporates the changes in the Amendment and provides an updated audit report and changes to the financial statements caused by a review and subsequent need for disclosure of a note having an embedded derivative and certain other items as described in the table below.

 

Restatement of Prior Year Accounting

 

The presentation of certain items have changed categories with additional changes to reflect certain items that were not classified as derivatives for the year ended December 31, 2015. The table below presents fairly the explanation of these changes. All were non-cash accounts.

 

Account   Original
Amount		     Corrected
Amount		     Change  
Balance Sheet                  
Derivative Liability     787,438       1,043,217       255,779  
Convertible notes payable, net of discount     256,924       180,437       (76,487 )
Total Liabilities     1,432,849       1,612,141       179,292  
                         
Accumulated deficit     (13,866,420 )     (14,045,712 )     (179,292 )
Total stockholders’ deficit     (1,968,238 )     (2,147,530 )     (179,292 )
                         
Income Statement                        
Investor relations services     339,726       299,726       (40,000 )
General and administrative expense     327,323       338,986       11,663  
Loss on extinguishment of debt     3,162,367       3,202,367       40,000  
Loss on derivative instruments     285,760       385,039       99,279  
Interest expense – other     231,544       299,894       68,350  
Net Loss     5,041,244       5,220,536       179,292  
                         

 

No other changes have been made to the Original Form 10-K. This Amendment speaks as of the Original Filing Date, however, does reflect events that may have occurred after the Original Filing Date, and does modify or update certain disclosures made in the Original Form 10-K as described herein.

  
Current Fiscal Year End Date --12-31  
Is Entity a Well-known Seasoned Issuer No  
Is Entity a Voluntary Filer No  
Is Entity's Reporting Status Current No  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   150,018,799
Entity Public Float   $ 0
Document Fiscal Period Focus FY  
Document Fiscal Year Focus 2015