Quarterly report pursuant to Section 13 or 15(d)

SHORT-TERM NOTE PAYABLE (Details)

v3.8.0.1
SHORT-TERM NOTE PAYABLE (Details) - USD ($)
 3 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Jan. 06, 2017
Related Party Transaction [Line Items]      
Face value $ 1,406,646 $ 32,582  
Carrying amount 1,488,988 32,582  
Current Portion Of Truck Loan [Member]      
Related Party Transaction [Line Items]      
Nominal interest rate     5.49%
Face value     $ 35,677
Carrying amount [1] $ 32,582 $ 32,582  
Promissory Note [Member]      
Related Party Transaction [Line Items]      
Nominal interest rate [2] 12.00%    
Date of maturity [2] Jun. 30, 2018    
Face value [2] $ 37,613    
Carrying amount [2] $ 42,127    
Promissory Note [Member]      
Related Party Transaction [Line Items]      
Nominal interest rate [3] 12.00%    
Date of maturity [3] Jun. 30, 2018    
Face value [3] $ 36,451    
Carrying amount [3] $ 39,747    
Bukit Energy Inc [Member]      
Related Party Transaction [Line Items]      
Nominal interest rate [3] 8.50%    
Date of maturity [3] Dec. 15, 2017    
Face value [3] $ 500,000    
Carrying amount [3] $ 538,677    
Credit Note [Member]      
Related Party Transaction [Line Items]      
Nominal interest rate [4] 9.00%    
Face value [4] $ 800,000    
Carrying amount [4] $ 835,855    
[1] On January 6, 2017, the Company purchased a truck and entered into an installment note with Don Ringer Toyota in the amount of $35,677 for a term of five years at 5.49% annual percentage rate (APR).
[2] The note matures on February 28, 2018 and carries interest at 12% per annum. The note was extended to June 30, 2018.
[3] In conjunction with the closing of the purchase of the Bukit assets, Bow issued a note payable to Bukit Energy Inc. of $500,000 with interest at the rate of 8.5% per annum, calculated monthly, not in advance, on the principal amount. The note matured on August 31, 2017. The note was extended to December 15, 2017. The note is in default and remained in default at the time of issuance of these financial statements.
[4] Bow has a loan in default of $800,000. The credit note is secured by a general security agreement over the assets of Bow. Interest accrues monthly and is recorded at 9% on the full amount of the original issued notes of USD $1,100,000. The note is in default and remained in default at the time of issuance of these financial statements. The debt holder also was issued warrants to purchase 320,000 shares of common stock exercisable at $0.08 per share, expiring February 27, 2021. The warrants were valued at $103,633 using the Black Scholes options pricing model with volatility of 283%, discount rate of 2.42% and call option value of $0.32. The note was amended on May 9, 2018. Terms of which, are disclosed in Note 11.