Quarterly report pursuant to Section 13 or 15(d)

SHORT-TERM NOTE PAYABLE (Details Narrative)

v3.10.0.1
SHORT-TERM NOTE PAYABLE (Details Narrative) - USD ($)
 3 Months Ended
Jan. 06, 2017
Mar. 31, 2018
Dec. 31, 2017
Face value   $ 1,406,646 $ 32,582
Warrants Granted (shares)   4,075,833  
Credit Note [Member]      
Nominal interest rate   9.00%  
Original debt amount   $ 1,100,000  
Date of maturity   May 11, 2021  
Face value [1]   $ 800,000  
Credit Note [Member] | Credit Note Warrants [Member]      
Exercise price of warrants (per share)   $ 0.08  
Warrants Granted (shares)   320,000  
Fair value of warrants issued   $ 103,633  
Expiration date   Feb. 27, 2021  
Volatility rate   283.00%  
Discount rate   2.42%  
Call option value (per share)   $ 0.32  
Current Portion Of Truck Loan [Member]      
Nominal interest rate 5.49%    
Note Term 5 years    
Face value $ 35,677 $ 32,582 [2] $ 32,582 [2]
Bukit Energy Inc [Member]      
Nominal interest rate   8.50%  
Date of maturity   Dec. 15, 2017  
Face value [3]   $ 500,000  
[1] 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 12.
[2] 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).
[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.