2016 Q4 Form 10-K Financial Statement
#000109991022000217 Filed on November 03, 2022
Income Statement
Concept | 2016 Q4 | 2016 | 2015 Q4 |
---|---|---|---|
Revenue | $146.7K | ||
YoY Change | -15.46% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $263.00 | ||
YoY Change | -98.01% | ||
% of Gross Profit | |||
Operating Expenses | $359.6K | ||
YoY Change | -56.75% | ||
Operating Profit | -$212.9K | ||
YoY Change | -67.64% | ||
Interest Expense | $335.1K | ||
YoY Change | 15.23% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $857.2K | ||
YoY Change | 67.07% | ||
Pretax Income | |||
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $644.3K | ||
YoY Change | -155.02% | ||
Net Earnings / Revenue | 439.09% | ||
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.00 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 214.6M shares | 172.3M shares | |
Diluted Shares Outstanding | 671.5M shares |
Balance Sheet
Concept | 2016 Q4 | 2016 | 2015 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $21.41K | $7.592K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $5.450K | ||
Prepaid Expenses | |||
Receivables | $3.307K | ||
Other Receivables | |||
Total Short-Term Assets | $26.86K | $17.10K | |
YoY Change | 57.1% | -21.49% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $14.74K | $15.00K | |
YoY Change | -1.75% | 809.15% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $14.74K | $15.00K | |
YoY Change | -1.75% | 357.35% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $26.86K | $17.10K | |
Total Long-Term Assets | $14.74K | $15.00K | |
Total Assets | $41.60K | $32.10K | |
YoY Change | 29.6% | 28.1% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $167.9K | $103.4K | |
YoY Change | 62.28% | ||
Accrued Expenses | $2.088M | $2.011M | |
YoY Change | 3.84% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.382M | $6.200M | |
YoY Change | -13.2% | 40959.96% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.382M | $6.200M | |
Total Long-Term Liabilities | |||
Total Liabilities | $5.382M | $6.200M | |
YoY Change | -13.2% | 40959.96% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$6.114M | -$6.758M | |
YoY Change | -9.53% | ||
Common Stock | $214.6K | $123.1K | |
YoY Change | 74.35% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$5.340M | -$6.168M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $41.60K | $32.10K | |
YoY Change | 29.6% | 28.1% |
Cashflow Statement
Concept | 2016 Q4 | 2016 | 2015 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $644.3K | ||
YoY Change | -155.02% | ||
Depreciation, Depletion And Amortization | $263.00 | ||
YoY Change | -98.01% | ||
Cash From Operating Activities | -$268.2K | ||
YoY Change | 109.18% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $142.5K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $282.0K | ||
YoY Change | 127.3% | ||
NET CHANGE | |||
Cash From Operating Activities | -$268.2K | ||
Cash From Investing Activities | |||
Cash From Financing Activities | $282.0K | ||
Net Change In Cash | $13.82K | ||
YoY Change | -434.27% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$268.2K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
usd | |
CY2016 | us-gaap |
Interest Paid Net
InterestPaidNet
|
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CY2015 | us-gaap |
Interest Paid Net
InterestPaidNet
|
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CY2016 | QBAN |
Merger With Amgentech And Recapitalization
MergerWithAmgentechAndRecapitalization
|
usd | |
CY2016 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 7C | |
CY2016 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Ormond Beach | |
CY2016 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
FL | |
CY2015 | QBAN |
Merger With Amgentech And Recapitalization
MergerWithAmgentechAndRecapitalization
|
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CY2016 | QBAN |
Transfer Insufficient Additional Paidincapital Balance To Retained Earnings
TransferInsufficientAdditionalPaidincapitalBalanceToRetainedEarnings
|
usd | |
CY2016 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
32174 | |
CY2016 | QBAN |
Common Stock Issued For Merger And Recapitalization Net
CommonStockIssuedForMergerAndRecapitalizationNet
|
usd | |
CY2016 | dei |
City Area Code
CityAreaCode
|
305 | |
CY2015 | QBAN |
Conversion Of Preferred B Shares To Common Shares
ConversionOfPreferredBSharesToCommonShares
|
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CY2015 | QBAN |
Insufficient Additional Paidincapital Balance Transferred To Accumulated Deficit
InsufficientAdditionalPaidincapitalBalanceTransferredToAccumulatedDeficit
|
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CY2016 | QBAN |
Preferred Shares Returned To Company
PreferredSharesReturnedToCompany
|
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CY2016 | QBAN |
Conversion Of Preferred B To Common Shares
ConversionOfPreferredBToCommonShares
|
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CY2015 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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CY2015 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
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CY2016 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
98-0546544 | |
CY2016 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
454 S Yonge Street | |
CY2016 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001427644 | |
CY2016 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2016 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | |
CY2016 | dei |
Document Fiscal Period Focus
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|
FY | |
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Deposits
Deposits
|
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Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
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Inventory Net
InventoryNet
|
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Recapitalization Telco Cuba1
RecapitalizationTelcoCuba1
|
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Derivative Liabilities Recorded
DerivativeLiabilitiesRecorded
|
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CY2016 | QBAN |
Gain Loss On Derivative Liabilities
GainLossOnDerivativeLiabilities
|
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CY2015 | QBAN |
Gain Loss On Derivative Liabilities
GainLossOnDerivativeLiabilities
|
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CY2016 | QBAN |
Debt Discount Attributable To Derivative Liabilities Recorded
DebtDiscountAttributableToDerivativeLiabilitiesRecorded
|
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CY2015 | QBAN |
Debt Discount Attributable To Derivative Liabilities Recorded
DebtDiscountAttributableToDerivativeLiabilitiesRecorded
|
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CY2016 | QBAN |
Derivative Liabilities Converted During Period
DerivativeLiabilitiesConvertedDuringPeriod
|
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CY2015 | QBAN |
Derivative Liabilities Converted During Period
DerivativeLiabilitiesConvertedDuringPeriod
|
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Discount Upon Issuance Of New Notes
DiscountUponIssuanceOfNewNotes
|
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CY2016 | QBAN |
Issuance Of Notes To Related Party
IssuanceOfNotesToRelatedParty
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Repayments Of Notes Payable
RepaymentsOfNotesPayable
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Document Type
DocumentType
|
10-K | |
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Document Annual Report
DocumentAnnualReport
|
true | |
CY2016 | dei |
Document Period End Date
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|
2016-11-30 | |
CY2016 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--11-30 | |
CY2016 | dei |
Document Transition Report
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false | |
CY2016 | dei |
Entity File Number
EntityFileNumber
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CY2016 | dei |
Entity Registrant Name
EntityRegistrantName
|
Telco Cuba, Inc. | |
CY2016 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2016 | dei |
Local Phone Number
LocalPhoneNumber
|
747-7647 | |
CY2016 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2016 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2016 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
No | |
CY2016 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
No | |
CY2016 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2016 | dei |
Entity Small Business
EntitySmallBusiness
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true | |
CY2016 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2016 | dei |
Entity Shell Company
EntityShellCompany
|
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Entity Public Float
EntityPublicFloat
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Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
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Cash
Cash
|
21414 | usd |
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Cash
Cash
|
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CY2015Q4 | us-gaap |
Deposits
Deposits
|
6201 | usd |
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Accounts Receivable Net Current
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Inventory Net
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CY2016Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6686 | usd |
CY2015Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6423 | usd |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14738 | usd |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
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CY2016Q4 | us-gaap |
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|
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|
32101 | usd |
CY2016Q4 | us-gaap |
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|
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CY2015Q4 | us-gaap |
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|
103436 | usd |
CY2016Q4 | us-gaap |
Accrued Liabilities Current
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|
2088082 | usd |
CY2015Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2010792 | usd |
CY2016Q4 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
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CY2015Q4 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
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CY2016Q4 | QBAN |
Convertible Debentures Related Parties
ConvertibleDebenturesRelatedParties
|
15000 | usd |
CY2015Q4 | QBAN |
Convertible Debentures Related Parties
ConvertibleDebenturesRelatedParties
|
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NotesPayableCurrent
|
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Notes Payable Current
NotesPayableCurrent
|
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CY2016Q4 | QBAN |
Convertible Debenture
ConvertibleDebenture
|
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CY2015Q4 | QBAN |
Convertible Debenture
ConvertibleDebenture
|
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Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
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Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
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CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5381900 | usd |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6200054 | usd |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
5381900 | usd |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
6200054 | usd |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
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Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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Common Stock Shares Issued
CommonStockSharesIssued
|
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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Common Stock Shares Issued
CommonStockSharesIssued
|
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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Common Stock Value
CommonStockValue
|
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Common Stock Value
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|
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Additional Paid In Capital
AdditionalPaidInCapital
|
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Additional Paid In Capital
AdditionalPaidInCapital
|
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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|
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StockholdersEquity
|
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Stockholders Equity
StockholdersEquity
|
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Liabilities And Stockholders Equity
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|
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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Revenues
|
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|
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|
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|
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|
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|
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Interest Expense
InterestExpense
|
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CY2015 | us-gaap |
Interest Expense
InterestExpense
|
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CY2016 | us-gaap |
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IncreaseDecreaseInDerivativeLiabilities
|
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Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
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CY2016 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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CY2015 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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CY2016 | us-gaap |
Net Income Loss
NetIncomeLoss
|
644287 | usd |
CY2015 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1170997 | usd |
CY2016 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.004 | |
CY2015 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2016 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.001 | |
CY2015 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2016 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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CY2015 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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CY2016 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
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CY2015 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
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Stockholders Equity
StockholdersEquity
|
6991 | usd |
CY2015 | QBAN |
Distributions
Distributions
|
-62135 | usd |
CY2015 | QBAN |
Recapitalization Telco Cuba
RecapitalizationTelcoCuba
|
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Conversion Of Debentures
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|
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CY2015 | QBAN |
Issuance Of Common Shares As Payment For Consulting Services
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|
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Issuance Of Preferred C Shares
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|
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Net Income Loss
NetIncomeLoss
|
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Stockholders Equity
StockholdersEquity
|
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CY2016 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
142500 | usd |
CY2015 | QBAN |
Common Stock Issued For Merger And Recapitalization Net
CommonStockIssuedForMergerAndRecapitalizationNet
|
5470140 | usd |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6167953 | usd |
CY2016 | QBAN |
Sale Of Common And Preferred Stock
SaleOfCommonAndPreferredStock
|
142500 | usd |
CY2016 | QBAN |
Note Payable Conversion
NotePayableConversion
|
26394 | usd |
CY2016 | QBAN |
Issuance Of Common Shares As Payment For Consulting Services
IssuanceOfCommonSharesAsPaymentForConsultingServices
|
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CY2016 | QBAN |
Issuance Of Preferred C Shares
IssuanceOfPreferredCShares
|
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Net Income Loss
NetIncomeLoss
|
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Stockholders Equity
StockholdersEquity
|
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CY2016 | us-gaap |
Net Income Loss
NetIncomeLoss
|
644287 | usd |
CY2015 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1170997 | usd |
CY2016 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
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Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
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Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
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Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
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Share Based Compensation
ShareBasedCompensation
|
14474 | usd |
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Share Based Compensation
ShareBasedCompensation
|
465436 | usd |
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Depreciations
Depreciations
|
263 | usd |
CY2015 | QBAN |
Depreciations
Depreciations
|
-13192 | usd |
CY2016 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-9508 | usd |
CY2015 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
953 | usd |
CY2016 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5450 | usd |
CY2016 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
64417 | usd |
CY2015 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3453 | usd |
CY2016 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
77290 | usd |
CY2015 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
304833 | usd |
CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-268156 | usd |
CY2015 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-128191 | usd |
CY2016 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
219728 | usd |
CY2015 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
335343 | usd |
CY2016 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
80250 | usd |
CY2015 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
149150 | usd |
CY2015 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
62137 | usd |
CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
281978 | usd |
CY2015 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
124056 | usd |
CY2016 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
13822 | usd |
CY2015 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4135 | usd |
CY2015Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7592 | usd |
CY2014Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11727 | usd |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21414 | usd |
CY2015Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7592 | usd |
CY2016 | QBAN |
Preferred B Stock Conversion To Common Shares
PreferredBStockConversionToCommonShares
|
19000 | usd |
CY2015 | QBAN |
Preferred B Stock Conversion To Common Shares
PreferredBStockConversionToCommonShares
|
61680 | usd |
CY2016 | us-gaap |
Stock Issued1
StockIssued1
|
26394 | usd |
CY2015 | us-gaap |
Stock Issued1
StockIssued1
|
17520 | usd |
CY2015 | QBAN |
Transfer Insufficient Additional Paidincapital Balance To Retained Earnings
TransferInsufficientAdditionalPaidincapitalBalanceToRetainedEarnings
|
5532337 | usd |
CY2016 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_809_eus-gaap--NatureOfOperations_zS1JAuhOhiag" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_824_zxLx8jfETLce">Nature of Operations and Going Concern</span></b></span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Telco Cuba, Inc. (fka CaerVision Global, Inc., fka American Mineral Group Minerals Inc.) (the “Company”) was incorporated in the State of Nevada on August 10, 2007. Up until June 12, 2015, the company was previously engaged in the exploration, development, and acquisition of mineral properties.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 12, 2015, the Company consummated a Share Exchange with Amgentech, Inc., a Florida corporation. <span id="xdx_900_ecustom--SharesExchangeDescription_c20151201__20161130" title="Shares Exchange description">Under the terms of the Share Exchange, the holders of Amgentech received 50,088 shares of Series B Preferred Stock that had been previously issued to third parties in exchange for 100% of the issued and outstanding capital of Amgentech. Each share of Series B preferred is convertible into 5,000 shares of common stock (254,440,000 shares total) and has voting rights of 5,000 per share (254,440,000 votes).</span> As a result of this transaction, Amgentech became a wholly owned subsidiary of the Company with control transferring to the previous owners of Amgentech. Amgentech elected to be treated as the successor issuer for SEC reporting and accounting purposes. The Share Exchange was accounted for as a reverse acquisition and re-capitalization. The Amgentech Shareholders obtained approximately 60% of voting control on the date of Share Exchange. Amgentech was the acquirer for financial reporting purposes and the Company was the acquired company. The Company filed an amendment to its articles of incorporation and changed its name to Telco Cuba, Inc. Telco Cuba is foremost a technology solutions service provider offering services under the brand names “Amgentech” and “Telco Cuba”.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Going Concern</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying financial statements have been prepared on the basis of accounting principles applicable to a going concern; accordingly, they do not give effect to adjustments that would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and retire its liabilities in other than the normal course of business and at amounts different from those in the accompanying financial statements. As shown in the accompanying financial statements, the Company has an accumulated deficit of more than $<span id="xdx_90C_eus-gaap--RetainedEarningsAppropriated_iI_pp0n3_dm_c20161130_zQLDOPHMwvz2" title="Accumulated deficit">5.7</span> million. The Company currently does not have the cash resources to meet its operating commitments for the next twelve months and expects to have ongoing requirements for capital investment or debt to implement its business plan. These factors, among others, raise substantial doubt that the Company will be able to continue as a going concern for a reasonable period of time. Management plans to raise cash from public or private debt or equity financing, on an as needed basis. The Company’s ability to continue as a going concern is in substantial doubt unless it can achieve profitable operations and/or upon obtaining additional financing. The outcome of these matters cannot be predicted at this time.</span></p> | |
CY2016 | QBAN |
Shares Exchange Description
SharesExchangeDescription
|
Under the terms of the Share Exchange, the holders of Amgentech received 50,088 shares of Series B Preferred Stock that had been previously issued to third parties in exchange for 100% of the issued and outstanding capital of Amgentech. Each share of Series B preferred is convertible into 5,000 shares of common stock (254,440,000 shares total) and has voting rights of 5,000 per share (254,440,000 votes). | |
CY2016Q4 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
5700000 | usd |
CY2016 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
172312161 | shares |
CY2015 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
63865281 | shares |
CY2016 | QBAN |
Convertible Debentures
ConvertibleDebentures
|
499204197 | shares |
CY2015 | QBAN |
Convertible Debentures
ConvertibleDebentures
|
388924397 | shares |
CY2016 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
671516358 | shares |
CY2015 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
452789678 | shares |
CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
300000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
57525192 | shares | |
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
26394 | usd | |
CY2016Q3 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.0003 | |
CY2015Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
0 | shares |
CY2016Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
132098 | usd |
CY2015Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1324409 | usd |
CY2015Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1324409 | usd |
CY2014Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
921815 | usd |
CY2015 | QBAN |
Derivative Liabilities Recorded
DerivativeLiabilitiesRecorded
|
180343 | usd |
CY2016 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-1192311 | usd |
CY2015 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
222251 | usd |
CY2016Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
132098 | usd |
CY2015Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1324409 | usd |
CY2016 | QBAN |
Unrealized Gain Attributable Due To Change In Liabilities
UnrealizedGainAttributableDueToChangeInLiabilities
|
1192311 | usd |
CY2015 | QBAN |
Unrealized Gain Attributable Due To Change In Liabilities
UnrealizedGainAttributableDueToChangeInLiabilities
|
222251 | usd |
CY2016 | QBAN |
Net Unrealized Gain Loss Included In Earnings
NetUnrealizedGainLossIncludedInEarnings
|
-1192311 | usd |
CY2015 | QBAN |
Net Unrealized Gain Loss Included In Earnings
NetUnrealizedGainLossIncludedInEarnings
|
-222251 | usd |
CY2016Q1 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
5000000 | shares |
CY2016Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
14370 | usd |
CY2016Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
10000000 | shares |
CY2016Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5000.00 | usd |
CY2015Q4 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
60680000 | shares |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | shares |
CY2016 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_841_eus-gaap--UseOfEstimates_zS4j5TaV6Tfa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>g)</b></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zXrB1pXpJuMf">Estimates</span></b></span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those reported.</span></p> | |
CY2016 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zwx8D87TCUxd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>h)</b></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_z4gLJp3p83Cf">Accounts receivable and concentration of credit risk</span></b></span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company provides credit to its clients in the form of payment terms. The Company limits its credit risk by performing credit evaluations of its clients and maintaining a reserve, if deemed necessary, for potential credit losses. Such evaluations include the review of a customer’s outstanding balances with consideration towards such customer’s historical collection experience, as well as prevailing economic and market conditions and other factors. The Company currently has no accounts receivable in 2016 and, therefore, does not currently have a concentrated credit risk associated with trade receivables.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"/> | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | shares |
CY2016Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
0 | shares |
CY2016 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2015 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2016Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6686 | usd |
CY2015Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6423 | usd |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14738 | usd |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15001 | usd |
CY2016 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
0 | usd |
CY2015 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
0 | usd |
CY2016 | us-gaap |
Depreciation
Depreciation
|
263 | usd |
CY2015 | us-gaap |
Depreciation
Depreciation
|
13192 | usd |
CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
975000000 | shares |
CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
400000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
975000000 | shares |
CY2016 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
225500 | usd |
CY2015 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-409800 | usd |
CY2016 | QBAN |
Utilization Increase In Tax Loss Carryforward
UtilizationIncreaseInTaxLossCarryforward
|
-225500 | usd |
CY2015 | QBAN |
Utilization Increase In Tax Loss Carryforward
UtilizationIncreaseInTaxLossCarryforward
|
409800 | usd |
CY2016Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
7100000 | usd |
CY2016Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
572843 | usd |
CY2015Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
395479 | usd |
CY2016 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
499204917 | shares |
CY2015 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
388924397 | shares |
CY2015 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P0Y3M | |
CY2016Q4 | us-gaap |
Share Price
SharePrice
|
0.004 | |
CY2015Q4 | us-gaap |
Share Price
SharePrice
|
0.004 | |
CY2015Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
395479 | usd |
CY2014Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
375925 | usd |
CY2016 | QBAN |
Issuance Of New Convertible Notes
IssuanceOfNewConvertibleNotes
|
216642 | usd |
CY2015 | QBAN |
Issuance Of New Convertible Notes
IssuanceOfNewConvertibleNotes
|
305343 | usd |
CY2015 | QBAN |
Discount Upon Issuance Of New Notes
DiscountUponIssuanceOfNewNotes
|
-180343 | usd |
CY2016 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
119366 | usd |
CY2015 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
60977 | usd |
CY2016 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
68250 | usd |
CY2015 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
149150 | usd |
CY2016 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
26394 | usd |
CY2015 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
17273 | usd |
CY2016Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
636843 | usd |
CY2015Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
395479 | usd |
CY2016 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
41111 | usd |
CY2015 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
27662 | usd |
CY2016Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
64372 | usd |
CY2015Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
69071 | usd |
CY2015 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
140000 | usd |
CY2015 | QBAN |
Initial Fair Value Of Embedded Debt Derivative
InitialFairValueOfEmbeddedDebtDerivative
|
180343 | usd |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
3.5294 | pure |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
3.5294 | pure |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.04 | pure |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.04 | pure |
CY2016 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P0Y3M | |
CY2016Q4 | QBAN |
Due To Nonaffiliated Third Parties
DueToNonaffiliatedThirdParties
|
2233361 | usd |
CY2015Q4 | QBAN |
Due To Nonaffiliated Third Parties
DueToNonaffiliatedThirdParties
|
2337938 | usd |
CY2016Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
132577 | usd |
CY2015Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
104577 | usd |
CY2015 | QBAN |
Issuance Of Notes To Related Party
IssuanceOfNotesToRelatedParty
|
28000 | usd |
CY2016 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
12000 | usd |
CY2016Q4 | us-gaap |
Notes Payable
NotesPayable
|
2353938 | usd |
CY2015Q4 | us-gaap |
Notes Payable
NotesPayable
|
2365938 | usd |
CY2016 | us-gaap |
Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
|
145669 | usd |
CY2015 | us-gaap |
Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
|
168851 | usd |
CY2016Q4 | us-gaap |
Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
|
135577 | usd |
CY2015Q4 | us-gaap |
Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
|
134550 | usd |
CY2016 | us-gaap |
Related Party Transaction Rate
RelatedPartyTransactionRate
|
0.12 | pure |