NOTE 3  ACQUISITIONS OF BUSINESS On October 16, 2018, the Company entered into an agreement with Virtublock Global Corp (VGC), a corporation incorporated in Ontario Canada, to acquire assets and intellectual property of VGC. Based on an examination of the net assets acquired, the acquisition of the net assets was determined to be a business as defined under ASC 805. Pursuant to the agreement, the Company issued 44,911,724 shares of its common stock to VGC as purchase consideration. The fair value of the shares issued was determined to be $3,458,203 based on the market value of the common stock as the date of issuance. The following table sets forth the allocation of the purchase consideration to the fair value of the net assets acquired. The acquired goodwill is primarily related to the value attributed to a company that is expected to experience accelerated growth. The Company assessed the goodwill and intangible assets assigned as a result of the acquisition for impairment and considered them impaired. Management tested goodwill and intangibles for impairment and determined them to be impaired. The main cause of the impairment was Companys inability to secure the required financing and customer contracts in order to operationalize the new acquisition of VirtuBlock Global, Inc. As a result, the carrying amounts of intangibles and goodwill could not be supported. Impairment of Goodwill and intangible assets: Management used the Income approach to estimate the value of the Companys intangible assets based on projections (adjusted for multiple scenarios and weighted probabilities) of future cash flows. Impairment regarding Goodwill The fair value of the business unit based on the discounted cash flow analysis and net asset valuations of the reporting unit do not exceed the carrying amount, therefore goodwill was considered impaired. Impairment regarding Intangibles The undiscounted (pre-tax) cash flows of the reporting unit using projections do not exceed itss carrying value, and therefore intangibles were considered impaired. Consideration Common shares issued $ 3,458,203 Net assets acquired Customer base (note 6) $ - Trade name  Virtublock (note 6) 6,600 Intellectual property/ Technology (note 6) 11,200 Non-compete agreements (note 6) - Goodwill (note 6) 3,440,403 Total net assets acquired $ 3,458,203 Impairment provision for the year (note 6) (3,458,203) - Acquisition of transportation enablement platform During the year ended December 31, 2017, the Company entered into an agreement to acquire a transportation enablement platform (the "Platform") which provides fully automated dispatching and bookings management built for taxi companies, limousine companies and ride-sharing service providers. The Platform gives customers an app-based experience while the acquired cloud-based Platform, provides service providers a range of functions which include customer booking, accounts management, driver tracking, real-time notifications, auto dispatching algorithms, accounting and settlements, corporate account management as well as providing reporting and analytics. The Platform has also shown to have a direct application in the B2B space in providing corporations with a more efficient taxi chit solution to combat fraud and excessive administration costs. In exchange for the acquisition of the Platform from a private Canadian based company, the Company will be providing as consideration the equivalent of up to C$1,000,000 in the form of non-registered shares in the common stock of the Company, based on a share price of the lesser of US$3.00 per share, or the share price on closing. The equivalent of C$400,000 in shares is payable on closing with C$300,000 payable in shares on the first anniversary of the closing, subject to the satisfaction of certain milestones, and an additional C$300,000 payable in shares on the second anniversary of the closing, subject to the satisfaction of certain milestones. Transaction costs incurred with respect to the acquisition of the Platform have been expensed in the statements of operations and comprehensive loss for the year ended December 31, 2017. During 2018, the planned acquisition transaction was cancelled.