Advanced Credit Technologies Inc. XBRL

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2017	Nov. 14, 2017
Document And Entity Information
Entity Registrant Name	ADVANCED CREDIT TECHNOLOGIES INC
Entity Central Index Key	0001437517
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		59,430,181
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2017

Consolidated and Condensed Balance Sheets - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current assets
Cash	$ 48,103	$ 31,776
Prepayment	19,206
Total Current Assets	67,309	31,776
Fixed Assets
Software and Computer Equipment	700,742
Total Fixed Assets	700,742
Total Assets	768,051	31,776
Current Liabilities
Accounts payable and accrued expenses	165,795	124,347
Loans payable- stockholders	30,500	191,400
Loans from related parties	150,000
Total Current Liabilities	346,295	315,747
Total Liabilities	346,295	315,747
Commitments and Contingencies
Stockholders' Deficit
Preferred Stock 0.001 per value - 30,000 shares authorized; 30,000 shares are issued and outstanding as of 9/30/17, zero as of 12/31/16	30
Common stock,$0.001 par value,100,000,000 shares authorized; 58,705,181 and 44,455,181 shares issued and outstanding in 2017 and 2016 respectively	58,705	44,455
Additional paid in capital	2,873,066	1,732,926
Accumulated deficit	(2,510,045)	(2,061,352)
Total stockholders' deficit	421,756	(283,971)
Total liabilities and stockholders' deficit	$ 768,051	$ 31,776

Consolidated and Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred Stock, par value	$ 0.001
Preferred Stock, shares authorized	30,000
Preferred Stock, shares issued	30,000
Preferred Stock, shares outstanding	30,000
Common stock - par value	$ 0.001	$ 0.001
Common stock - shares authorized	100,000,000	100,000,000
Common stock - shares issued	58,705,181	44,455,181
Common stock - shares outstanding	58,705,181	44,455,181

Consolidated and Condensed Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenues		$ 1,700		$ 2,400
Consulting revenue
Total Revenue	0	1,700	0	2,400
Operational Expense
Commission
Professional fee	5,230	6,245	52,764	35,620
Research and Development	42,484	26,325	44,284	141,325
Officer's compensation	45,500	74,221	214,474	192,155
Travel and entertainment	46,214	4,443	71,384	6,232
Rent	300	150	600	450
Depreciation Expense	20,008		20,008
Computer and internet	2,048	829	2,836	2,194
Office supplies and expenses	1,786	3,534	6,320	6,679
Other Operating Expenses	417	570	1,534	1,185
Total operating expenses	163,987	116,317	414,204	385,840
Loss from operations	(163,987)	(114,617)	(414,204)	(383,440)
Other Income/Expense
Gain of Settlement of Debt	10,900		10,900
Interest expense	(15,130)	(15,364)	(45,389)	(47,215)
Total Other Income / Expenses	(4,230)	(15,364)	(34,489)	(47,215)
Provision for income taxes
Net loss	$ (168,217)	$ (129,981)	$ (448,693)	$ (430,655)
Loss per common share-Basic and diluted	$ (0.003)	$ (0.003)	$ (0.009)	$ (0.010)
Weighted Average Number of Common Shares Outstanding Basic and diluted	53,652,079	41,998,505	50,576,349	39,296,469

Consolidated and Condensed Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Operating Activities
Net loss	$ (448,693)	$ (430,655)
Adjustments to reconcile net loss to net cash used in operating activities
Gain of Settlement of Debt	(10,900)
Depreciation	20,008
Change in Operating Assets and Liabilities
Officers Loan		1,457
Advances Receivables	(19,206)
Accounts payable and accrued expenses	41,448	36,783
Net cash used in operating activities	(397,913)	(274,415)
Investment Activities
Software	(50,750)	0
Net Cash Provided by Investment Activities	(50,750)	0
Financing Activities
Proceeds from common stock issuance	465,000	251,275
Capital contribution for profit sharing and warrant		40,000
Net cash provided by financing activities	465,000	291,275
Net increase (decrease) in cash and equivalents	16,327	16,860
Cash and equivalents at beginning of the period	31,776	44,125
Cash and equivalents at end of the period	48,103	60,985
Supplemental cash flow information:
Interest paid
Income taxes paid
Non Cash Disclosures
Company issued 500,000 shares of Stock for retirement of debt of $150,000	150,000
Company issued 200,000 shares of Stock for vendor services of $19,400	19,400
Company issued 4,000,000 shares for stock for payment of software valued at $520,000	520,000
Company issued a note for $150,000 as payment for software	$ 150,000

Consolidated and Condensed Statements of Cash Flows (Parenthetical)	9 Months Ended
	Sep. 30, 2017 shares
Statement of Cash Flows [Abstract]
Shares for debt	500,000
Shares for services	200,000
Shares for acqusitions	4,000,000

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Nature of Business

On February 25, 2008, Advanced Credit Technologies, Inc. (the "Company") was incorporated in the State of Nevada, that focuses on fraud prevention and credit management by using our TurnScor software platform.

The Company offers a proprietary software platform branded as CyberloQ™ which is a banking fraud prevention technology that is offered to institutional clients in order to combat fraudulent transactions and unauthorized access to customer accounts. Through the use of a customer’s smart-phone, CyberloQ uses a multi-factor authentication system to control access to a bank card, transaction type or amount, website, database or digital service.

In addition to CyberloQ, the Company offers a proprietary software platform under the brand name Turnscor® which allows customers to monitor and manage their credit from the privacy of their own homes.

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with United States of America generally accepted accounting principles (“GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K for fiscal year 2016.

In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. Operating results for the nine month period ending September 30, 2017 are not necessarily indicative of the results that may be expected for the full year.

On July 28. 2017 the Company reported the following to the SEC. The Company has created a private limited company in the United Kingdom named CyberloQ Technologies LTD. CyberloQ Technologies LTD is a wholly-owned subsidiary of the Company. Moving forward, any business that the Company has in the United Kingdom will be transacted through CyberloQ Technologies LTD. The Company has had no operating activity since inception. All inter-company transactions are elimination upon consolidation.

Reclassification

Certain reclassifications have been made to conform previously reported data to the current presentation. These reclassifications have no effect on our net income (loss) or financial position as previously reported.

Use of Estimates

In preparing these financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the year reported. Actual results may differ from these estimates. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Cash and Cash Equivalents

Cash equivalents are comprised of certain highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. The Company has not experienced any losses related to this concentration of risk. As of September 30, 2017 and December 31, 2016, the Company had $0 in deposits in excess of federally-insured limits.

Research and Development, Software Development Costs, and Internal Use Software Development Costs

Software development costs are accounted for in accordance with ASC Topic No. 985. Software development costs are capitalized once technological feasibility of a product is established and such costs are determined to be recoverable. For products where proven technology exists, this may occur very early in the development cycle. Factors we consider in determining when technological feasibility has been established include (i) whether a proven technology exists; (ii) the quality and experience levels of the individuals developing the software; (iii) whether the software is similar to previously developed software which has used the same or similar technology; and (iv) whether the software is being developed with a proven underlying engine. Technological feasibility is evaluated on a product-by-product basis. Capitalized costs for those products that are canceled or abandoned are charged immediately to cost of sales. The recoverability of capitalized software development costs is evaluated on the expected performance of the specific products for which the costs relate.

Internal use software development costs are accounted for in accordance with ASC Topic No. 350 which requires the capitalization of certain external and internal computer software costs incurred during the application development stage. The application development stage is characterized by software design and configuration activities, coding, testing and installation. Training costs and maintenance are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality.

In accounting for website software development costs, we have adopted the provisions of ASC Topic No. 350. ASC Topic No. 350 provides that certain planning and training costs incurred in the development of website software be expensed as incurred, while application development stage costs are to be capitalized. During the nine months ending September 30, 2017 and 2016, we expensed $44,284 and $141,325 expenditure on research and development, respectively.

During the nine months ending September 30, 2017 and 2016, we have Capitalized external use software and website development costs totaling $720,750 and $0, respectively. The purchase of CyberloQ from Carten Tech, consisted of $50,000 in cash, a $150,000 note payable by December 28, 2017, and a stock award of 4,000,000 shares with a fair market value of $520,000. The Company estimated useful life of costs capitalized is evaluated for each specific project and ranges from six to fifteen years.

Advertising Expenses

Advertising costs are expensed as incurred. Advertising expenses included in the Statement of Operations for the nine months ending September 30, 2017 and 2016 is $0 and $0, respectively.

Fixed Assets

The Company records its fixed assets at historical cost. The Company expenses maintenance and repairs as incurred. Upon disposition of fixed assets, the gross cost and accumulated depreciation are written off and the difference between the proceeds and the net book value is recorded as a gain or loss on sale of assets. The Company depreciates its fixed assets over their respective estimated useful lives ranging from 3 to 5 years.

Intangible and Long-Lived Assets

The Company follows FASB ASC 360-10, "Property, Plant, and Equipment," which established a "primary asset" approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long-lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. For the three months and nine months ending September 30, 2017 and 2016, the Company had not experienced impairment losses on its long-lived assets.

Revenue Recognition

The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement, delivery has occurred, the sales price is fixed and determinable, and collectability is reasonably assured. Determining whether some or all of these criteria have been met involves assumptions and judgments that can have a significant impact on the timing and amount of revenue the Company reports.

Fair Value Measurements

For certain financial instruments, including accounts receivable, accounts payable, accrued expenses, interest payable, advances payable and notes payable, the carrying amounts approximate fair value due to their relatively short maturities.

The Company has adopted FASB ASC 820-10, "Fair Value Measurements and Disclosures." FASB ASC 820-10 defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

• Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.

• Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

• Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The Company did not identify any other non-recurring assets and liabilities that are required to be presented in the balance sheets at fair value in accordance with FASB ASC 815.

In February 2007, the FASB issued FAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities," now known as ASC Topic 825-10 "Financial Instruments." ASC Topic 825-10 permits entities to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. FASB ASC 825-10 is effective as of the beginning of an entity's first fiscal year that begins after November 15, 2007. The Company has adopted FASB ASC 825-10. The Company chose not to elect the option to measure the fair value of eligible financial assets and liabilities.

Segment Reporting

FASB ASC 280, "Segment Reporting" requires use of the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. The Company determined it has one operating segment as of September 30, 2017 and December 31, 2016.

Income Taxes

Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment.

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations.

Earnings (Loss) Per Share

Earnings per share is calculated in accordance with the FASB ASC 260-10, "Earnings Per Share." Basic earnings (loss) per share is based upon the weighted average number of common shares outstanding. Diluted earnings (loss) per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.

At September 30, 2017 and December 31, 2016, no potentially dilutive shares were outstanding.

The computation of earnings per share of common stock is based on the weighted average number of shares outstanding at the date of the financial statements.

Stock Based Compensation

The Company adopted FASB ASC Topic 718 – Compensation – Stock Compensation (formerly SFAS 123R), which establishes the use of the fair value based method of accounting for stock-based compensation arrangements under which compensation cost is determined using the fair value of stock-based compensation determined as of the date of grant and is recognized over the periods in which the related services are rendered. For stock based compensation the Company recognizes an expense in accordance with FASB ASC Topic 718 and values the equity securities based on the fair value of the security on the date of grant. Stock option awards are valued using the Black-Scholes option-pricing model.

The Company accounts for stock issued to non-employees where the value of the stock compensation is based upon the measurement date as determined at either (a) the date at which a performance commitment is reached, or (b) at the date at which the necessary performance to earn the equity instruments is complete.

Recent Accounting Pronouncements

In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which revises the accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments. The new guidance requires the fair value measurement of investments in equity securities and other ownership interests in an entity, including investments in partnerships, unincorporated joint ventures and limited liability companies (collectively, equity securities) that do not result in consolidation and are not accounted for under the equity method. Entities will need to measure these investments and recognize changes in fair value in net income. Entities will no longer be able to recognize unrealized holding gains and losses on equity securities they classify under current guidance as available for sale in other comprehensive income (OCI). They also will no longer be able to use the cost method of accounting for equity securities that do not have readily determinable fair values. Instead, for these types of equity investments that do not otherwise qualify for the net asset value practical expedient, entities will be permitted to elect a practicability exception and measure the investment at cost less impairment plus or minus observable price changes (in orderly transactions). The ASU also establishes an incremental recognition and disclosure requirement related to the presentation of fair value changes of financial liabilities for which the fair value option (FVO) has been elected. Under this guidance, an entity would be required to separately present in OCI the portion of the total fair value change attributable to instrument-specific credit risk as opposed to reflecting the entire amount in earnings. For derivative liabilities for which the FVO has been elected, however, any changes in fair value attributable to instrument-specific credit risk would continue to be presented in net income, which is consistent with current guidance. For the Company, this standard is effective beginning January 1, 2018 via a cumulative-effect adjustment to beginning retained earnings, except for guidance relative to equity securities without readily determinable fair values which is applied prospectively. The Company is currently assessing this ASU's impacts on the Company's consolidated results of operations and financial condition.

In March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”. The amendments in this ASU are intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations by amending certain existing illustrative examples and adding additional illustrative examples to assist in the application of the guidance. The effective date and transition of these amendments is the same as the effective date and transition of ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. Public entities should apply the amendments in ASU 2014-09 for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The Company is currently in the process of evaluating the impact of the adoption on its financial statements.

In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments, which is intended to reduce diversity in practice in how certain cash receipts and payments are presented and classified in the statement of cash flows. The standard provides guidance in a number of situations including, among others, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and distributions received from equity method investees. The ASU also provides guidance for classifying cash receipts and payments that have aspects of more than one class of cash flows. For the Company, this ASU is effective January 1, 2018, with early adoption permitted. The standard requires application using a retrospective transition method. The Company is currently assessing this ASU’s impact on its results of operations and financial condition.

In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash, which clarifies guidance on the classification and presentation of restricted cash in the statement of cash flows. Under the ASU, changes in restricted cash and restricted cash equivalents would be included along with those of cash and cash equivalents in the statement of cash flows. As a result, entities would no longer present transfers between cash/equivalents and restricted cash/equivalents in the statement of cash flows. In addition, a reconciliation between the balance sheet and the statement of cash flows would be disclosed when the balance sheet includes more than one line item for cash/equivalents and restricted cash/equivalents. For the Company, this ASU is effective January 1, 2018, with early adoption permitted. Entities are required to apply the standard’s provisions on a retrospective basis. The Company does not expect this ASU to have a material impact on the Company’s consolidated results of operations and financial condition.

Going Concern

9 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 2 – GOING CONCERN

The Company has incurred losses since Inception resulting in an accumulated deficit of $2,510,045 as of September 30, 2017 that includes loss of $448,693 for the nine months ended September 30, 2017 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that could result from the outcome of this uncertainty.

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern from the twelve month period after the financial statements are available to be issued.

Stockholders Deficit

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

Stockholders Deficit

NOTE 3 – STOCKHOLDERS' DEFICIT

Common Stock

The Company has 100,000,000 shares of $.001 par value Common stock authorized as of September 30, 2017 and December 31, 2016. There were 58,705,181 and 44,455,181 shares outstanding as of September 30, 2017 and December 31, 2016, respectively. The common stock activity included the following: 14,250,000 shares were issued for the three quarters of 2017. Of this amount 500,000 shares were issued for the retirement of the $150,000 debt and accrued interest, 4,000,000 shares were issued for the software acquired from Carten Tech LLC,it is noted that Carten Tech, LLC. Is controlled by a related party. 200,000 Shares were issued for services obtained and 9,550,000 shares were purchased and issued for $465,000.

Preferred Stock

The Company has 30,000 shares of $.001 par value Series A Super Voting Preferred Stock authorized as of September 30, 2017. There were 30,000 shares of the Series A Super Voting Preferred Stock issued and outstanding as of September 30, 2017. The holders of the shares of Series A Preferred Stock are entitled to Five-Thousand (5,000) votes per share, and such shares are held by the Company's President, Vice-President, and Chief Technical Officer.

Related Party Transactions

9 Months Ended

Sep. 30, 2017

Related Party Transactions

NOTE 4 – RELATED PARTY TRANSACTIONS

Related Party Loans Payable

The following is a summary of related party loans payable:

	September 30, 2017		December 31, 2016
Liabilities
Loans payable - stockholders	$	30,500	$	191,400
Loans from related parties	$	150,000	$	0

The following is a summary of related party loans payable: Loans Payable -

Stockholders

On December 29, 2014, the Company entered into a promissory note with a shareholder in the amount of $35,000. The promissory note is with flat interest of $9,500 payable on maturity date and $167 a day after maturity date. The maturity date is 120 days after issuance of the note. The note is currently default on September 30, 2017. The unpaid principal of the note is $30,500 on September 30, 2017 and December 31, 2016. Interest expense of the note is $45,389 and $47,215 for the nine months ended September 30, 2017 and 2016, respectively.

The Company also issued stock option to the note holder to purchase 250,000 shares of the Company's common stock at $0.25 per share one year from the issuance date of the promissory note. The fair value of the option grant estimated on the date of grant is $0 based on the Black-Scholes option-pricing model. This option has expired.

On June 25^ththe Company entered into a promissory note with a shareholder in the amount of $150,000. The note matured on October 26, 2014. Interest expense on the note was $0.00 and $0.00 for the nine months ended September 30, 2017 and 2016, respectively. In the third quarter of 2017, the Company issued 500,000 shares of common stock to the shareholder in full and final payment of the note.

On October 26, 2013, the Company entered into a promissory note with a shareholder in the amount of $150,000. The note matured on October 26, 2014. In the third quarter of 2017, the Company issued 500,000 shares of common stock to the shareholder in full and final payment of the note and realized a gain on settlement of $10,900.

Loans From Related Parties

As part of the consideration for the Company’s acquisition of the Cyberloq™ technology, the Company agreed to pay $150,000 within 150 days after the closing, and a note in the amount of $150,000 was signed at closing. The note does not incur interest and matures on December 28, 2017.

Convertible Notes - Stockholders

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Notes Payable

NOTE 5 – CONVERTIBLE NOTES-STOCKHOLDERS

On September 14, 2015, the Company issued a $10,000 convertible notes due on March 12, 2016 to its stockholder. The note bears no interest and is convertible to 125,000 shares at the rate of $0.08 per share per the terms of the note. There was a beneficial conversion feature associated with the note. The value of beneficial conversion feature is $1,250 and book as additional paid in capital. The interest resulting from amortization of discount on notes is $0 and $521 for the nine months ended September 30, 2017 and 2016, respectively.

On September 18, 2015, the Company issued a $8,990 convertible notes due on March 16, 2016 to its stockholder. The note bears no interest and is convertible to 112,375 shares at the rate of $0.08 per share per the terms of the note. There was a beneficial conversion feature associated with the note. The value of beneficial conversion feature is $2,248 and book as additional paid in capital. The interest resulting from amortization of discount on notes is $0 and $937 for the nine months ended September 30, 2017 and 2016, respectively.

On October 14, 2015, the Company issued a $8,000 convertible notes due on April 11, 2016 to its stockholder. The note bears no interest and is convertible to 80,000 shares at the rate of $0.1 per share per the terms of the note.

All the above convertible notes were converted to 337,375 shares on November 15, 2016.

Subsequent Events

9 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

Subsequent Events

NOTE 6 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the date financial statements were issued. No events have occurred subsequent to September 30, 2017 that require disclosure or recognition in these financial statements other than the fact subsequent to September 30, 2017.The Company sold an additional 725,000 shares from the end of the third quarter dated September 30, 2017 to Date of filing.

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2017
Accounting Policies [Abstract]
Organization and Nature of Business	Organization and Nature of Business On February 25, 2008, Advanced Credit Technologies, Inc. (the "Company") was incorporated in the State of Nevada, that focuses on fraud prevention and credit management by using our TurnScor software platform. The Company offers a proprietary software platform branded as CyberloQ™ which is a banking fraud prevention technology that is offered to institutional clients in order to combat fraudulent transactions and unauthorized access to customer accounts. Through the use of a customer’s smart-phone, CyberloQ uses a multi-factor authentication system to control access to a bank card, transaction type or amount, website, database or digital service. In addition to CyberloQ, the Company offers a proprietary software platform under the brand name Turnscor® which allows customers to monitor and manage their credit from the privacy of their own homes.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with United States of America generally accepted accounting principles (“GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K for fiscal year 2016. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. Operating results for the nine month period ending September 30, 2017 are not necessarily indicative of the results that may be expected for the full year. On July 28. 2017 the Company reported the following to the SEC. The Company has created a private limited company in the United Kingdom named CyberloQ Technologies LTD. CyberloQ Technologies LTD is a wholly-owned subsidiary of the Company. Moving forward, any business that the Company has in the United Kingdom will be transacted through CyberloQ Technologies LTD. The Company has had no operating activity since inception. All inter-company transactions are elimination upon consolidation. .
Reclassification	Reclassification Certain reclassifications have been made to conform previously reported data to the current presentation. These reclassifications have no effect on our net income (loss) or financial position as previously reported.
Use of Estimates	Use of Estimates In preparing these financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the year reported. Actual results may differ from these estimates. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents are comprised of certain highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. The Company has not experienced any losses related to this concentration of risk. As of September 30, 2017 and December 31, 2016, the Company had $0 in deposits in excess of federally-insured limits.
Research and Development, Software Development Costs and Internal Use Software Development Costs	Research and Development, Software Development Costs, and Internal Use Software Development Costs Software development costs are accounted for in accordance with ASC Topic No. 985. Software development costs are capitalized once technological feasibility of a product is established and such costs are determined to be recoverable. For products where proven technology exists, this may occur very early in the development cycle. Factors we consider in determining when technological feasibility has been established include (i) whether a proven technology exists; (ii) the quality and experience levels of the individuals developing the software; (iii) whether the software is similar to previously developed software which has used the same or similar technology; and (iv) whether the software is being developed with a proven underlying engine. Technological feasibility is evaluated on a product-by-product basis. Capitalized costs for those products that are canceled or abandoned are charged immediately to cost of sales. The recoverability of capitalized software development costs is evaluated on the expected performance of the specific products for which the costs relate. Internal use software development costs are accounted for in accordance with ASC Topic No. 350 which requires the capitalization of certain external and internal computer software costs incurred during the application development stage. The application development stage is characterized by software design and configuration activities, coding, testing and installation. Training costs and maintenance are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality. In accounting for website software development costs, we have adopted the provisions of ASC Topic No. 350. ASC Topic No. 350 provides that certain planning and training costs incurred in the development of website software be expensed as incurred, while application development stage costs are to be capitalized. During the nine months ending September 30, 2017 and 2016, we expensed $44,284 and $141,325 expenditure on research and development, respectively. During the nine months ending September 30, 2017 and 2016, we have Capitalized external use software and website development costs totaling $720,750 and $0, respectively. The purchase of CyberloQ from Carten Tech, consisted of $50,000 in cash, a $150,000 note payable by December 28, 2017, and a stock award of 4,000,000 shares with a fair market value of $520,000. The Company estimated useful life of costs capitalized is evaluated for each specific project and ranges from six to fifteen years.
Advertising Expenses	Advertising Expenses Advertising costs are expensed as incurred. Advertising expenses included in the Statement of Operations for the nine months ending September 30, 2017 and 2016 is $0 and $0, respectively.
Fixed Assets	Fixed Assets The Company records its fixed assets at historical cost. The Company expenses maintenance and repairs as incurred. Upon disposition of fixed assets, the gross cost and accumulated depreciation are written off and the difference between the proceeds and the net book value is recorded as a gain or loss on sale of assets. The Company depreciates its fixed assets over their respective estimated useful lives ranging from 3 to 5 years.
Intangible and Long-Lived Assets	Intangible and Long-Lived Assets The Company follows FASB ASC 360-10, "Property, Plant, and Equipment," which established a "primary asset" approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long-lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. For the three months and nine months ending September 30, 2017 and 2016, the Company had not experienced impairment losses on its long-lived assets.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement, delivery has occurred, the sales price is fixed and determinable, and collectability is reasonably assured. Determining whether some or all of these criteria have been met involves assumptions and judgments that can have a significant impact on the timing and amount of revenue the Company reports.
Fair Value Measurements	Fair Value Measurements For certain financial instruments, including accounts receivable, accounts payable, accrued expenses, interest payable, advances payable and notes payable, the carrying amounts approximate fair value due to their relatively short maturities. The Company has adopted FASB ASC 820-10, "Fair Value Measurements and Disclosures." FASB ASC 820-10 defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: • Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. • Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company did not identify any other non-recurring assets and liabilities that are required to be presented in the balance sheets at fair value in accordance with FASB ASC 815. In February 2007, the FASB issued FAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities," now known as ASC Topic 825-10 "Financial Instruments." ASC Topic 825-10 permits entities to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. FASB ASC 825-10 is effective as of the beginning of an entity's first fiscal year that begins after November 15, 2007. The Company has adopted FASB ASC 825-10. The Company chose not to elect the option to measure the fair value of eligible financial assets and liabilities.
Segment Reporting	Segment Reporting FASB ASC 280, "Segment Reporting" requires use of the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. The Company determined it has one operating segment as of September 30, 2017 and December 31, 2016.
Income Taxes	Income Taxes Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations.
Earnings per share	Earnings (Loss) Per Share Earnings per share is calculated in accordance with the FASB ASC 260-10, "Earnings Per Share." Basic earnings (loss) per share is based upon the weighted average number of common shares outstanding. Diluted earnings (loss) per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. At September 30, 2017 and December 31, 2016, no potentially dilutive shares were outstanding. The computation of earnings per share of common stock is based on the weighted average number of shares outstanding at the date of the financial statements.
Stock Based Compensation	Stock Based Compensation The Company adopted FASB ASC Topic 718 – Compensation – Stock Compensation (formerly SFAS 123R), which establishes the use of the fair value based method of accounting for stock-based compensation arrangements under which compensation cost is determined using the fair value of stock-based compensation determined as of the date of grant and is recognized over the periods in which the related services are rendered. For stock based compensation the Company recognizes an expense in accordance with FASB ASC Topic 718 and values the equity securities based on the fair value of the security on the date of grant. Stock option awards are valued using the Black-Scholes option-pricing model. The Company accounts for stock issued to non-employees where the value of the stock compensation is based upon the measurement date as determined at either (a) the date at which a performance commitment is reached, or (b) at the date at which the necessary performance to earn the equity instruments is complete
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which revises the accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments. The new guidance requires the fair value measurement of investments in equity securities and other ownership interests in an entity, including investments in partnerships, unincorporated joint ventures and limited liability companies (collectively, equity securities) that do not result in consolidation and are not accounted for under the equity method. Entities will need to measure these investments and recognize changes in fair value in net income. Entities will no longer be able to recognize unrealized holding gains and losses on equity securities they classify under current guidance as available for sale in other comprehensive income (OCI). They also will no longer be able to use the cost method of accounting for equity securities that do not have readily determinable fair values. Instead, for these types of equity investments that do not otherwise qualify for the net asset value practical expedient, entities will be permitted to elect a practicability exception and measure the investment at cost less impairment plus or minus observable price changes (in orderly transactions). The ASU also establishes an incremental recognition and disclosure requirement related to the presentation of fair value changes of financial liabilities for which the fair value option (FVO) has been elected. Under this guidance, an entity would be required to separately present in OCI the portion of the total fair value change attributable to instrument-specific credit risk as opposed to reflecting the entire amount in earnings. For derivative liabilities for which the FVO has been elected, however, any changes in fair value attributable to instrument-specific credit risk would continue to be presented in net income, which is consistent with current guidance. For the Company, this standard is effective beginning January 1, 2018 via a cumulative-effect adjustment to beginning retained earnings, except for guidance relative to equity securities without readily determinable fair values which is applied prospectively. The Company is currently assessing this ASU's impacts on the Company's consolidated results of operations and financial condition. In March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”. The amendments in this ASU are intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations by amending certain existing illustrative examples and adding additional illustrative examples to assist in the application of the guidance. The effective date and transition of these amendments is the same as the effective date and transition of ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. Public entities should apply the amendments in ASU 2014-09 for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The Company is currently in the process of evaluating the impact of the adoption on its financial statements. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments, which is intended to reduce diversity in practice in how certain cash receipts and payments are presented and classified in the statement of cash flows. The standard provides guidance in a number of situations including, among others, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and distributions received from equity method investees. The ASU also provides guidance for classifying cash receipts and payments that have aspects of more than one class of cash flows. For the Company, this ASU is effective January 1, 2018, with early adoption permitted. The standard requires application using a retrospective transition method. The Company is currently assessing this ASU’s impact on its results of operations and financial condition. In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash, which clarifies guidance on the classification and presentation of restricted cash in the statement of cash flows. Under the ASU, changes in restricted cash and restricted cash equivalents would be included along with those of cash and cash equivalents in the statement of cash flows. As a result, entities would no longer present transfers between cash/equivalents and restricted cash/equivalents in the statement of cash flows. In addition, a reconciliation between the balance sheet and the statement of cash flows would be disclosed when the balance sheet includes more than one line item for cash/equivalents and restricted cash/equivalents. For the Company, this ASU is effective January 1, 2018, with early adoption permitted. Entities are required to apply the standard’s provisions on a retrospective basis. The Company does not expect this ASU to have a material impact on the Company’s consolidated results of operations and financial condition.

Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2017

Related Party loans payable

	September 30, 2017		December 31, 2016
Liabilities
Loans payable - stockholders	$	30,500	$	191,400
Loans from related parties	$	150,000	$	0

Summary of Significant Accounting Policies (Details 1) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Accounting Policies [Abstract]
Deposits in Excess of federally-insured limits	$ 0		$ 0
Research and development	44,284	$ 141,325
Web Development Costs	720,750		0
Cash paid for software	50,000
Company issued 4,000,000 shares for stock for payment of software valued at $520,000	520,000
Company issued a note for $150,000 as payment for software	150,000
Advertising Expenses	$ 0		$ 0

Summary of Significant Accounting Policies (Details 1) (Parenthetical)	9 Months Ended
	Sep. 30, 2017 shares
Accounting Policies [Abstract]
Shares for acqusitions	4,000,000

Summary of Significant Accounting Policies (Details 2)	9 Months Ended
Summary of Significant Accounting Policies (Details 2)	Sep. 30, 2017
Minimum
Property, Plant and Equipment [Line Items]
Useful Life of Fixed Assets	3 years
Maximum
Property, Plant and Equipment [Line Items]
Useful Life of Fixed Assets	5 years

Going Concern (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
Going Concern (Details Narrative) - USD ($)	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (2,510,045)		$ (2,510,045)		$ (2,061,352)
Net loss	$ (168,217)	$ (129,981)	$ (448,693)	$ (430,655)

Stockholders Deficit (Details Narrative) - USD ($)	9 Months Ended
Stockholders Deficit (Details Narrative) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Equity [Abstract]
Common stock - par value	$ 0.001	$ 0.001
Common stock - shares authorized	100,000,000	100,000,000
Common stock - shares issued	58,705,181	44,455,181
Preferred Stock, par value	$ 0.001
Preferred Stock, shares authorized	30,000
Preferred Stock, shares issued	30,000
Votes per preferred shares	5,000
Company issued 500,000 shares of Stock for retirement of debt of	$ 150,000
Shares issued for cash	$ 465,000

Stockholders Deficit (Details Narrative) (Parenthetical)	9 Months Ended
	Sep. 30, 2017 shares
Equity [Abstract]
Common stock issued for period	14,250,000
Shares for debt	500,000
Shares for acqusitions	4,000,000
Shares for services	200,000
Shares for cash	9,550,000

Related Party Transactions - Related Party loans payable (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Loans payable- stockholders	$ 30,500	$ 191,400
Loans from related parties	$ 150,000

Notes Payable to Related Parties (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Debt Instrument [Line Items]
Loans Payable- stockholders	$ 162,900	$ 162,900		$ 160,900
Gain of Settlement of Debt	10,900	$ 10,900
Note Payable to Related Parties [Member]
Debt Instrument [Line Items]
Date of note		Dec. 29, 2014
Promissory Note	35,000	$ 35,000
Interest		$ 9,500
Interest terms after maturity		$167 a day after maturity date
Notes payable - related party	$ 30,500	$ 30,500
Interest Expense		$ 45,389	$ 47,215
Stock options		250,000
Share price	$ 0.25	$ 0.25
Fair value of option grant		$ 0

Convertible Notes - Stockholders (Details) - USD ($)	9 Months Ended		11 Months Ended
Convertible Notes - Stockholders (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016	Nov. 15, 2016
Debt Instrument [Line Items]
Convertible shares			337,375
Convertible Note - September 14, 2015 [Member]
Debt Instrument [Line Items]
Issue date	Sep. 14, 2015
Issue amount	$ 10,000
Maturity date	Mar. 12, 2016
Convertible shares	125,000
Convertible share price	$ 0.08
Beneficial Conversion Feature	$ 1,250
Interest expense	$ 0	$ 521
Convertible Note - September 18, 2015 [Member]
Debt Instrument [Line Items]
Issue date	Sep. 18, 2015
Issue amount	$ 8,990
Maturity date	Mar. 16, 2016
Convertible shares	112,375
Convertible share price	$ 0.08
Beneficial Conversion Feature	$ 2,248
Interest expense	$ 0	$ 937
Convertible Note - October 14, 2015 [Member]
Debt Instrument [Line Items]
Issue date	Dec. 14, 2015
Issue amount	$ 8,000
Maturity date	Apr. 11, 2016
Convertible shares	80,000
Convertible share price	$ 0.1

Subsequent Events (Details)	1 Months Ended
Subsequent Events (Details)	Nov. 01, 2017 shares
Subsequent Events [Abstract]
Shares issued for acquisition	725,000