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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash Flows From Operating Activities: | ||
| Net (loss) income | $ (421,980)us-gaap_ProfitLoss | $ 65,908us-gaap_ProfitLoss |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||
| Change in fair value of derivative liabilities | 233us-gaap_IncreaseDecreaseInDerivativeLiabilities | |
| Depreciation expense | 8,655us-gaap_Depreciation | 3,125us-gaap_Depreciation |
| Amortization of intangible asset | 6,250us-gaap_AmortizationOfIntangibleAssets | |
| Amortization of license fee | 55,555us-gaap_OtherAmortizationOfDeferredCharges | |
| Fair value of option issued | 107,500TRKK_FairValueOfOptionIssued | |
| Stock based compensation | 42,500us-gaap_ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost | |
| Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services | 4,688us-gaap_OtherDepreciationAndAmortization | |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 19,127us-gaap_IncreaseDecreaseInAccountsReceivable | (100,660)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventory | (2,990)us-gaap_IncreaseDecreaseInInventories | (9,232)us-gaap_IncreaseDecreaseInInventories |
| Unbilled revenue | (6,642)us-gaap_IncreaseDecreaseInUnbilledReceivables | (17,291)us-gaap_IncreaseDecreaseInUnbilledReceivables |
| Other current assets | (13,861)us-gaap_IncreaseDecreaseInOtherCurrentAssets | (8,868)us-gaap_IncreaseDecreaseInOtherCurrentAssets |
| Accounts payable and accrued expenses | 13,204us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 101,949us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Deferred revenue | (6,959)us-gaap_IncreaseDecreaseInDeferredRevenue | (6,163)us-gaap_IncreaseDecreaseInDeferredRevenue |
| Net Cash (used in) provided by operating activities | (195,187)us-gaap_NetCashProvidedByUsedInOperatingActivities | 28,768us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash Flows From Investing Activities: | ||
| Cash acquired from acquisition | 30,934us-gaap_CashAcquiredFromAcquisition | |
| Purchase of property and equipment | (32,473)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (8,369)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Cash paid per Share Exchange Agreement | (375,000)us-gaap_PaymentsForRepurchaseOfWarrants | |
| Net Cash Used In Investing Activities | (376,539)us-gaap_NetCashProvidedByUsedInInvestingActivities | (8,369)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash Flows From Financing Activities: | ||
| Proceeds from common stock and preferred stock sales | 1,097,500us-gaap_ProceedsFromIssuanceOfCommonStock | |
| Repayment of Funding Circle loan | (4,298)us-gaap_RepaymentsOfLongtermLoansFromVendors | |
| Repayments of note payable, related party, net | (59,308)us-gaap_RepaymentsOfNotesPayable | (37,720)us-gaap_RepaymentsOfNotesPayable |
| Net cash provided by (used in) financing activities | 1,038,192us-gaap_NetCashProvidedByUsedInFinancingActivities | (42,018)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate on cash | (424)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 5,519us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net increase (decrease) in Cash | 466,042us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (16,100)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash at Beginning of Period | 65,892us-gaap_CashAndCashEquivalentsAtCarryingValue | 78,412us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash at End of Period | 531,934us-gaap_CashAndCashEquivalentsAtCarryingValue | 62,312us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | ||
| Cash paid for taxes | ||
| NON CASH FINANCE AND INVESTING ACTIVITY | ||
| Notes payable issued per Share Exchange Agreement | 122,536us-gaap_NotesIssued1 | |
| Common stock issued for intellectual property | 50,000us-gaap_StockIssuedDuringPeriodValueIssuedForNoncashConsiderations | |
| Common stock issued for prepaid services | 25,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | |
| Common stock issued for settlement of debt | $ 175,000TRKK_CommonStockIssuedForSettlementOfDebt | |
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
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The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period of the amount of revenue for work performed for which billing has not occurred, net of uncollectible accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The fair value of notes issued in noncash investing and financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of amortization of other deferred costs recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The other noncash expense, not otherwise specified in the taxonomy, charged against earnings in the period to allocate the cost of tangible and intangible assets over their remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount paid by the entity to reacquire the right to purchase equity shares at a predetermined price, usually issued together with corporate debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflows under financing arrangements with vendors (seller-financed debt), which had a maturity date at inception of more than one year (or more than one operating cycle, if longer); such debt may have arisen from purchases of property, plant and equipment or other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The excess of the fair value of the modified award over the fair value of the award immediately before the modification. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Value of shares issued for noncash consideration for development stage entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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