RELATED PARTY TRANSACTIONS	3 Months Ended
Mar. 31, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 – RELATED PARTY TRANSACTIONS As of March 31, 2018, and December 31, 2017, the Company owed $37,190 to former officers of the Company (included in liabilities of discontinued operations) and $16,350 to the current CEO (included in accounts payable and accrued expenses, stockholders). NOTE PAYABLE, STOCKHOLDER The Company’s former COO loaned the Company various amounts for Company expenses. The Company recorded interest expense of $247 for the three months ended March 31, 2018 and 2017. As of March 31, 2018, and December 31, 2017, the former COO was owed accrued interest of $5,841 and $5,595, respectively, which is included liabilities of discontinued operations on the balance sheets presented herein. As of March 31, 2018, and December 31, 2017, the loan balance was $12,482, which is included in liabilities of discontinued operations. NOTE PAYABLE, RELATED PARTY On December 31, 2015, the Company agreed to purchase a 100% membership interest (the “Membership Interest”) in Quasar, LLC, a Utah limited liability company (“Quasar”), from Tonaquint, Inc., (“Tonaquint”) a Utah corporation (“Seller”). Tonaquint is a related party to CVP as the same person is the control person of both Tonaquint and CVP. The Company has agreed to purchase (the “Purchase”) the Membership Interest from the Seller for a purchase price of $180,000 pursuant to the terms of a Membership Interest Purchase Agreement (the “Purchase Agreement”). The Company paid for the Purchase by delivering to Seller at the closing a Secured Promissory Note (the “Note”). The Note is secured by the Company’s pledge of the Membership Interest pursuant to a Membership Interest Pledge Agreement (the “Pledge Agreement”) and by a first position Deed of Trust, Security Agreement and Financing Statement in favor of Seller encumbering certain real property owned by Quasar (the “Trust Deed,” and together with the Purchase Agreement, the Note, the Pledge Agreement, and all other documents entered into in conjunction therewith, the “Purchase Documents”). On November 17, 2017, the maturity of the Note was extended from June 30, 2016 to June 30, 2018. On August 31, 2018, the maturity of the Note was extended from June 30, 2018, to December 31, 2018. On February 6, 2019, the Secured Promissory Note was extended from December 31, 2018 to December 31, 2019. As of March 31, 2018, and December 31, 2017, the principal balance of the Note was $170,000. Also, on December 31, 2015, Quasar entered into a one- year lease, with automatic month to month renewals, thereafter, of the property to Miller Fabrication, LLC (“Miller”). Miller is controlled by the same individual as Tonaquint and CVP, and therefore is a related party to the Company. The lease can be terminated by either party by giving the other party, not less than thirty (30) days of its’ intention to terminate the lease.

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2018

NOTE 5 – RELATED PARTY TRANSACTIONS

As of March 31, 2018, and December 31, 2017, the Company owed $37,190 to former officers of the Company (included in liabilities of discontinued operations) and $16,350 to the current CEO (included in accounts payable and accrued expenses, stockholders).

NOTE PAYABLE, STOCKHOLDER

The Company’s former COO loaned the Company various amounts for Company expenses. The Company recorded interest expense of $247 for the three months ended March 31, 2018 and 2017. As of March 31, 2018, and December 31, 2017, the former COO was owed accrued interest of $5,841 and $5,595, respectively, which is included liabilities of discontinued operations on the balance sheets presented herein. As of March 31, 2018, and December 31, 2017, the loan balance was $12,482, which is included in liabilities of discontinued operations.

NOTE PAYABLE, RELATED PARTY

On December 31, 2015, the Company agreed to purchase a 100% membership interest (the “Membership Interest”) in Quasar, LLC, a Utah limited liability company (“Quasar”), from Tonaquint, Inc., (“Tonaquint”) a Utah corporation (“Seller”). Tonaquint is a related party to CVP as the same person is the control person of both Tonaquint and CVP. The Company has agreed to purchase (the “Purchase”) the Membership Interest from the Seller for a purchase price of $180,000 pursuant to the terms of a Membership Interest Purchase Agreement (the “Purchase Agreement”).

The Company paid for the Purchase by delivering to Seller at the closing a Secured Promissory Note (the “Note”). The Note is secured by the Company’s pledge of the Membership Interest pursuant to a Membership Interest Pledge Agreement (the “Pledge Agreement”) and by a first position Deed of Trust, Security Agreement and Financing Statement in favor of Seller encumbering certain real property owned by Quasar (the “Trust Deed,” and together with the Purchase Agreement, the Note, the Pledge Agreement, and all other documents entered into in conjunction therewith, the “Purchase Documents”). On November 17, 2017, the maturity of the Note was extended from June 30, 2016 to June 30, 2018. On August 31, 2018, the maturity of the Note was extended from June 30, 2018, to December 31, 2018. On February 6, 2019, the Secured Promissory Note was extended from December 31, 2018 to December 31, 2019. As of March 31, 2018, and December 31, 2017, the principal balance of the Note was $170,000.

Also, on December 31, 2015, Quasar entered into a one- year lease, with automatic month to month renewals, thereafter, of the property to Miller Fabrication, LLC (“Miller”). Miller is controlled by the same individual as Tonaquint and CVP, and therefore is a related party to the Company. The lease can be terminated by either party by giving the other party, not less than thirty (30) days of its’ intention to terminate the lease.

Blockchain Solutions, Inc. 10-Q