$AUID
authID Inc.

2014 Q3 Form 10-Q Financial Statement

#000161577414000322 Filed on November 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q4 2013 Q3
Revenue $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $100.0K $0.00 $240.0K
YoY Change -58.33%
% of Gross Profit
Research & Development $0.00 $0.00 $43.00K
YoY Change -100.0%
% of Gross Profit
Depreciation & Amortization $11.89K $10.00K $11.19K
YoY Change 6.29%
% of Gross Profit
Operating Expenses $111.2K $10.00K $294.7K
YoY Change -62.28%
Operating Profit -$111.2K -$10.00K -$294.7K
YoY Change -62.28%
Interest Expense $33.18K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$33.18K
YoY Change
Pretax Income -$144.3K -$150.0K -$294.7K
YoY Change -51.03%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$144.3K -$150.0K -$294.7K
YoY Change -51.03%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.22 -$0.56 -$0.73
COMMON SHARES
Basic Shares Outstanding 160.5M shares 1.500M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.00K $10.00K
YoY Change
Cash & Equivalents $41.00K $5.349K $2.849K
Short-Term Investments
Other Short-Term Assets $0.00 $110.0K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $75.64K $118.0K
YoY Change 78562.67%
LONG-TERM ASSETS
Property, Plant & Equipment $437.4K $38.01K
YoY Change
Goodwill
YoY Change
Intangibles $545.6K $392.5K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $983.0K $430.5K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $75.64K $118.0K
Total Long-Term Assets $983.0K $430.5K
Total Assets $1.059M $548.5K
YoY Change 365570.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.57K $19.64K
YoY Change
Accrued Expenses $0.00 $30.00K
YoY Change 8471.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $220.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $86.92K $291.3K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $86.92K $291.3K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $86.92K $291.3K
YoY Change 83128.57%
SHAREHOLDERS EQUITY
Retained Earnings -$1.942M -$1.491M
YoY Change 46587.57%
Common Stock $2.914M $1.748M
YoY Change 58300.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $971.7K $257.2K
YoY Change
Total Liabilities & Shareholders Equity $1.059M $548.5K
YoY Change 365570.67%

Cashflow Statement

Concept 2014 Q3 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income -$144.3K -$150.0K -$294.7K
YoY Change -51.03%
Depreciation, Depletion And Amortization $11.89K $10.00K $11.19K
YoY Change 6.29%
Cash From Operating Activities -$90.00K -$590.0K -$50.00K
YoY Change 80.0%
INVESTING ACTIVITIES
Capital Expenditures $90.00K $10.00K -$20.00K
YoY Change -550.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$90.00K -$10.00K $20.00K
YoY Change -550.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 200.0K 600.0K 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -90.00K -590.0K -50.00K
Cash From Investing Activities -90.00K -10.00K 20.00K
Cash From Financing Activities 200.0K 600.0K 0.000
Net Change In Cash 20.00K -0.000000000009095 -30.00K
YoY Change -166.67%
FREE CASH FLOW
Cash From Operating Activities -$90.00K -$590.0K -$50.00K
Capital Expenditures $90.00K $10.00K -$20.00K
Free Cash Flow -$180.0K -$600.0K -$30.00K
YoY Change 500.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-827683 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
160538289 shares
CY2014Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
34000 USD
CY2013Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
USD
CY2014Q3 us-gaap Liabilities
Liabilities
86918 USD
CY2013Q4 us-gaap Liabilities
Liabilities
291300 USD
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
160538289 shares
CY2014Q3 us-gaap Cash
Cash
40996 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
548506 USD
CY2014Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
USD
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
160623289 shares
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
350520 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
880037 USD
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
163538289 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1731878 USD
CY2014Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
66304 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
48040 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38011 USD
CY2014Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
545605 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
392501 USD
CY2014Q3 us-gaap Assets
Assets
1058659 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1941875 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1490734 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
971741 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
257206 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1058659 USD
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
160623289 shares
CY2014Q3 us-gaap Common Stock Value
CommonStockValue
16354 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
16062 USD
CY2014Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2897261 USD
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
50510 USD
CY2013Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
16175 USD
CY2013Q4 us-gaap Debt Current
DebtCurrent
224615 USD
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
86918 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
291300 USD
CY2013Q4 us-gaap Assets
Assets
548506 USD
CY2014Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
86918 USD
CY2013Q4 us-gaap Cash
Cash
5349 USD
CY2014Q3 us-gaap Deposits Assets Current
DepositsAssetsCurrent
645 USD
CY2013Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
112645 USD
CY2014Q3 us-gaap Assets Current
AssetsCurrent
75641 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
117994 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
437412 USD
CY2014Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
USD
CY2013Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
USD
CY2014Q3 us-gaap Revenues
Revenues
USD
CY2013Q3 us-gaap Revenues
Revenues
USD
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
160815487 shares
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
97200000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
160687590 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
108599293 shares
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
USD
us-gaap Net Income Loss
NetIncomeLoss
-827683 USD
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
USD
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-144333 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-294719 USD
us-gaap Net Income Loss
NetIncomeLoss
-451150 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-144333 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-294719 USD
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-451150 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Interest Expense
InterestExpense
65225 USD
us-gaap Interest Expense
InterestExpense
USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-33175 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-65225 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
128456 USD
CY2014Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
USD
CY2013Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
128456 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
33175 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
USD
us-gaap Operating Expenses
OperatingExpenses
385925 USD
us-gaap Operating Expenses
OperatingExpenses
956139 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-111158 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-294719 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-385925 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-956139 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
99268 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
240533 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
111158 USD
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
294719 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35405 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33102 USD
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
43000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
43000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
USD
us-gaap Gross Profit
GrossProfit
USD
us-gaap Gross Profit
GrossProfit
USD
CY2014Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11890 USD
CY2013Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11186 USD
us-gaap Revenues
Revenues
USD
us-gaap Revenues
Revenues
USD
CY2014Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
USD
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-117924 USD
ck0001534154 Increase Decrease In Security Deposits Assets
IncreaseDecreaseInSecurityDepositsAssets
112000 USD
ck0001534154 Increase Decrease In Security Deposits Assets
IncreaseDecreaseInSecurityDepositsAssets
USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
36417 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
333562 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-16175 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-55675 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
34000 USD
us-gaap Interest Paid
InterestPaid
USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
310454 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
1165675 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-14869 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5349 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17718 USD
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40996 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2849 USD
us-gaap Interest Paid
InterestPaid
22500 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
515000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
885385 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
515000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
35647 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
216217 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-587911 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-216217 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1110000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
224615 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
29442 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-261828 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-313654 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
416542 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
171369 USD
us-gaap Nature Of Operations
NatureOfOperations
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong>NOTE 1 <font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">&#150;</font> DESCRIPTION OF BUSINESS AND MERGER</strong></p> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;">&#160;</p> <p align="justify" style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">ID Global Solutions Corporation (formerly IIM Global Corporation) (formerly Silverwood Acquisition Corporation) ("ID Global" or the "Company") was incorporated on September 21, 2011 under the laws of the State of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. ID Global has been in the developmental stage since inception. In addition to a change in control of its management and shareholders, the Company's operations to date have been limited to issuing shares and filing a registration statement on Form <font>10</font> pursuant to the Securities Exchange Act of <font>1934</font>. ID Global was formed to provide a method for a foreign or domestic private company to become a reporting company with a class of securities registered under the Securities Exchange Act of <font>1934</font>.</p> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;">&#160;</p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong><em>Going Concern</em></strong></p> <p style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">The Company has an accumulated deficit of $<font>1,941,875</font> as of September 30, 2014. The Company<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">'</font>s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations, which it has not been able to accomplish to date, and /or obtain additional financing from its stockholders and/or other third parties.</p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;">&#160;</p> <p align="justify" style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">These unaudited condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. The continuation of the Company as a going concern is dependent upon financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations, successfully locating and negotiating with other business entities for potential acquisition and /or acquiring new clients to generate revenues.<br/> &#160;</p> <p style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">Management and shareholders used their personal funds to pay for certain expenses incurred by the Company in <font>2014</font>. There is <font>no</font> assurance that the Company will ever be profitable. These unaudited condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.</p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;">&#160;</p> </div>
CY2014Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
621707 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
448320 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
76102 USD
CY2014Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
503716 USD
CY2014Q3 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
430000 USD
CY2014Q3 us-gaap Deposit Assets
DepositAssets
100000 USD
CY2014Q2 us-gaap Deposit Assets
DepositAssets
100000 USD
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Use Of Estimates
UseOfEstimates
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong><em>Use of Estimates</em></strong></p> <p style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">In preparing these condensed consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates and assumptions included in our consolidated financial statements relate to the valuation of long-lived assets, accruals for potential liabilities, and valuation assumptions related to equity instruments and share based payments.</p></div>
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2014Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong><em>Concentration of Credit Risk</em></strong></p> <p style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">The Company's financial instruments that potentially expose the Company to a concentration of credit risk consist of cash, accounts payable, accrued expense and a related party payable. The Company's cash is deposited at a financial institution and insured by the Federal Deposit Insurance Corporation (&#147;FDIC&#148;). At various times during the year, the Company may have exceeded this amount insured by the FDIC.</p></div>
us-gaap Depreciation
Depreciation
18264 USD
us-gaap Depreciation
Depreciation
16111 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17141 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16991 USD
CY2014Q3 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
130981 USD
us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
80000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
55819 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
545605 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
392501 USD
dei Amendment Flag
AmendmentFlag
false
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
86051 USD
CY2014Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
70565 USD
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
19638 USD
CY2014Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
173 USD
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
26069 USD
CY2014Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16180 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4803 USD
CY2014Q3 us-gaap Purchase Obligation
PurchaseObligation
430000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
44000 USD
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
2915000 shares
us-gaap Sale Leaseback Transaction Monthly Rental Payments
SaleLeasebackTransactionMonthlyRentalPayments
3000 USD
us-gaap Sale Leaseback Transaction Rent Expense
SaleLeasebackTransactionRentExpense
15180 USD
us-gaap Sale Leaseback Transaction Rent Expense
SaleLeasebackTransactionRentExpense
55160 USD
CY2013Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
128456 USD
dei Entity Registrant Name
EntityRegistrantName
ID Global Solutions Corp
dei Entity Central Index Key
EntityCentralIndexKey
0001534154
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30

Files In Submission

Name View Source Status
0001615774-14-000322-index-headers.html Edgar Link pending
0001615774-14-000322-index.html Edgar Link pending
0001615774-14-000322.txt Edgar Link pending
0001615774-14-000322-xbrl.zip Edgar Link pending
ck0001534154-20140930.xml Edgar Link completed
ck0001534154-20140930.xsd Edgar Link pending
ck0001534154-20140930_cal.xml Edgar Link unprocessable
ck0001534154-20140930_def.xml Edgar Link unprocessable
ck0001534154-20140930_lab.xml Edgar Link unprocessable
ck0001534154-20140930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
s100446_10q.htm Edgar Link pending
s100446_ex10-17.htm Edgar Link pending
s100446_ex10-18.htm Edgar Link pending
s100446_ex31-1.htm Edgar Link pending
s100446_ex31-2.htm Edgar Link pending
s100446_ex32-1.htm Edgar Link pending
Show.js Edgar Link pending