Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Mar. 20, 2024 | Jun. 30, 2023 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2023 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-24379 | ||
Entity Registrant Name | ATLANTICA, INC. | ||
Entity Central Index Key | 0001062506 | ||
Entity Tax Identification Number | 43-0976473 | ||
Entity Incorporation, State or Country Code | UT | ||
Entity Address, Address Line One | c/o Richland | ||
Entity Address, Address Line Two | Gordon & Company | ||
Entity Address, Address Line Three | 11450 SE Dixie Highway | ||
Entity Address, City or Town | Hobe Sound | ||
Entity Address, State or Province | FL | ||
Entity Address, Postal Zip Code | 33455 | ||
City Area Code | (772) | ||
Local Phone Number | 545-9002 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Elected Not To Use the Extended Transition Period | false | ||
Entity Shell Company | true | ||
Entity Public Float | $ 49.17 | ||
Entity Common Stock, Shares Outstanding | 2,458,590 | ||
Document Financial Statement Error Correction [Flag] | false | ||
Auditor Name | Haynie & Company | ||
Auditor Location | Salt Lake City Utah | ||
Auditor Firm ID | 457 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
CURRENT ASSETS | ||
Cash | $ 0 | $ 0 |
Total Current Assets | 0 | 0 |
Total Assets | 0 | 0 |
CURRENT LIABILITIES | ||
Accounts Payable | 1,654,146 | 1,591,151 |
Accounts Payable - Related Parties | 1,933,948 | 1,803,339 |
Note Payable - Related Parties | 713,653 | 681,527 |
Interest Payable – Related Parties | 951,413 | 798,197 |
Total Current Liabilities | 5,253,160 | 4,874,214 |
Total Liabilities | 5,253,160 | 4,874,214 |
Commitments and Contingencies | 0 | 0 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred Stock: 10,000,000 shares authorized of $0.0001 par value, no shares issued and outstanding | 0 | 0 |
Common Stock: 50,000,000 shares authorized of $0.0001 par value, 2,458,590 shares issued and outstanding | 246 | 246 |
Additional Paid-in Capital | 125,456 | 125,456 |
Accumulated Deficit | (5,378,862) | (4,999,916) |
Total Stockholders' Equity (Deficit) | (5,253,160) | (4,874,214) |
Total Liabilities and Stockholders' Equity (Deficit) | $ 0 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Shares Authorized | 50,000,000 | 50,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Issued | 2,458,590 | 2,458,590 |
Common Stock, Other Shares, Outstanding | 2,458,590 | 2,458,590 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Income Statement [Abstract] | ||
REVENUES | $ 0 | $ 0 |
EXPENSES | ||
General and administrative | 225,730 | 1,359,393 |
Total expenses | 225,730 | 1,359,393 |
OTHER EXPENSE | ||
Interest expense | (153,216) | (135,455) |
Total other expense | (153,216) | (135,455) |
NET LOSS | $ (378,946) | $ (1,494,848) |
BASIC AND DILUTED LOSS PER SHARE | $ (0.15) | $ (0.61) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 2,458,590 | 2,458,590 |
Statements of Stockholders' Equ
Statements of Stockholders' Equity (Deficit) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2021 | $ 246 | $ 125,456 | $ (3,505,068) | $ (3,379,366) |
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2021 | 2,458,590 | |||
Net loss | (1,494,848) | (1,494,848) | ||
Ending balance, value at Dec. 31, 2022 | $ 246 | 125,456 | (4,999,916) | (4,874,214) |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2022 | 2,458,590 | |||
Net loss | (378,946) | (378,946) | ||
Ending balance, value at Dec. 31, 2023 | $ 246 | $ 125,456 | $ (5,378,867) | $ (5,253,160) |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2023 | 2,458,590 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net Loss | $ (378,946) | $ (1,494,848) |
Changes in operating assets and liabilities: | ||
Increase in accounts payable and accounts payable related party | 193,604 | 1,294,915 |
Increase in accrued interest | 153,216 | 135,455 |
Net Cash Used By Operating Activities | (32,126) | (64,478) |
CASH FLOWS FROM INVESTING ACTIVITIES | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from note payable - related party | 32,126 | 64,478 |
Net Cash Provided by Financing Activities | 32,126 | 64,478 |
NET INCREASE (DECREASE) IN CASH | ||
CASH AT BEGINNING OF YEAR | ||
CASH AT END OF YEAR | ||
CASH PAID FOR: | ||
Interest | 0 | 0 |
Taxes | $ 0 | $ 0 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of Atlantica, Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. a. Organization and Business Activities The financial statements presented are those of Atlantica, Inc. (the Company). The Company was incorporated in the State of Utah on March 3, 1938. The Company name at that time was Red Hills Mining Company. On February 5, 1953, the Company changed its name to Allied Oil and Minerals Company. On January 8, 1971, the Company changed its name to Community Equities Corporation. On March 26, 1996, the Company changed its name to Atlantica, Inc. The Company had two subsidiaries; Keys Equities, Inc. (Keys), a Florida corporation incorporated on July 31, 1996, and Allied Equities, Inc. (Allied), a Florida corporation incorporated on July 15, 1996. On March 1, 1998, the Company transferred its right, title and interest in a mining claim in Utah to Allied. The mining claim had a book value of $0. On March 1, 1998, the Company distributed the shares of the two subsidiaries to its shareholders in a liquidating dividend. The Company has not engaged in any business operations since 1990. The Company’s only activity since that time has consisted of taking actions necessary to restore and preserve its good standing in the State of Utah. The Company presently has no assets. The Company intends to continue to seek out the acquisition of assets, property or a business that may be beneficial to the Company and its stockholders. In considering whether to complete any such acquisition, the Board of Directors will make the final determination and the approval of stockholders will not be sought unless required by applicable law, the articles of incorporation or bylaws of the Company or contract. b. Accounting Method The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 year-end. c. Estimates The preparations of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. d. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities at the date of purchase of three months or less to be cash equivalents. e. Income Taxes The Company utilizes an asset and liability approach for financial accounting and reporting for income taxes. Deferred income taxes are provided for temporary differences in the bases of assets and liabilities as reported for financial statement and income tax purposes. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry-forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry-forwards may be limited as to use in the future. 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 carryforwards 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 sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as operating expenses in the statement of income. f. Basic Loss Per Share The computation of basic (loss) per share of common stock is based on the weighted average number of shares outstanding during the period. December 31, 2023 December 31, 2022 Income (Numerator) $(378,946) $(1,494,848) Shares (Denominator) 2,458,590 2,458,590 Per Share Amount $(0.15) $(0.61) g. Revenue Recognition Policy The Company currently has no source of revenues. Revenue recognition policies will be determined when principal operations begin. h. Recent Accounting Pronouncements The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 - GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established revenues sufficient to cover its operation costs. In addition, the Company has no assets, a working capital deficit and accumulated losses. This raises substantial doubt about its ability to continue as a going concern. The Company is seeking the acquisition of, or merger with, an existing operating company. The financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company is relying on its principal shareholder to pay all of its operating and other expenses until it can complete a reorganization or merger. While the Company's principal stockholder currently pays the Company's limited operating and other expenses, on the Company's behalf, that principal stockholder is not obligated to pay any of those expenses and the Company can provide no assurance that such stockholder will continue to pay any of those expenses in the future. This stockholder paid a total of $ 32,126 713,653 951,413 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 3 - INCOME TAXES Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards 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 changes in tax laws and rates on the date of enactment. The Tax Cuts and Jobs Act was enacted on December 22, 2017, which reduced the U.S. corporate statutory tax rate from 35% to 21% beginning on January 1, 2018. We used 26 Net deferred tax liabilities consist of the following components as of December 31, 2023 and 2022: 2023 2022 Deferred tax assets NOL Carryforward $ 616,300 $ 591,500 Related Party Accruals 750,194 676,399 Deferred tax liabilities Valuation allowance (1,366,494) (1,267,899) Net deferred tax asset $ - $ - The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended December 31, 2023 and 2022 due to the following: 2023 2022 Book Income (Loss) $ (79,600) $ (313,900) Related Party Payable $ 59,600 $ 53,646 Change in Valuation allowance 20,000 260,264 $ - $ - At December 31, 2023, the Company had net operating loss carryforwards of $ 2,370,000 Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years. The Company files income tax returns in the U.S. federal jurisdiction, and the state of Utah jurisdiction. The Company is subject to U.S. federal, state and local income tax examinations by tax authorities for years 2019 through 2023. |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 4 – COMMON STOCK On January 26, 2007, the majority stockholders of the Company voted in favor of amending and restating the Company’s Articles of Incorporation to change the total number of shares which the corporation shall be authorized to issue to 60,000,000 shares of capital stock, such total number of shares shall consist of 50,000,000 0.0001 10,000,000 0.0001 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 - RELATED PARTY TRANSACTIONS Expenses during the years ended December 31, 2007 through December 31, 2023 were paid by Mirabella Holdings, LLC, the Company's majority shareholder, and recorded as loans related party totaling $ 713,653 32,126 951,413 798,197 10 Pursuant to the Management Services Agreement (the “Management Services Agreement”) with Richland, Gordon & Company, (“Richland”) accrued management fees payable to Richland totaling $ 120,000 A copy of the Management Services Agreement was filed as an exhibit to our Annual Report for the year ended December 31, 2008; see Part IV, Item 15 of this Report. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6 – SUBSEQUENT EVENTS The Company has evaluated subsequent events pursuant to ASC Topic 855 from the balance sheet date through the date the financial statements were issued, and determined there are no events to disclose. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Business Activities | a. Organization and Business Activities The financial statements presented are those of Atlantica, Inc. (the Company). The Company was incorporated in the State of Utah on March 3, 1938. The Company name at that time was Red Hills Mining Company. On February 5, 1953, the Company changed its name to Allied Oil and Minerals Company. On January 8, 1971, the Company changed its name to Community Equities Corporation. On March 26, 1996, the Company changed its name to Atlantica, Inc. The Company had two subsidiaries; Keys Equities, Inc. (Keys), a Florida corporation incorporated on July 31, 1996, and Allied Equities, Inc. (Allied), a Florida corporation incorporated on July 15, 1996. On March 1, 1998, the Company transferred its right, title and interest in a mining claim in Utah to Allied. The mining claim had a book value of $0. On March 1, 1998, the Company distributed the shares of the two subsidiaries to its shareholders in a liquidating dividend. The Company has not engaged in any business operations since 1990. The Company’s only activity since that time has consisted of taking actions necessary to restore and preserve its good standing in the State of Utah. The Company presently has no assets. The Company intends to continue to seek out the acquisition of assets, property or a business that may be beneficial to the Company and its stockholders. In considering whether to complete any such acquisition, the Board of Directors will make the final determination and the approval of stockholders will not be sought unless required by applicable law, the articles of incorporation or bylaws of the Company or contract. |
Accounting Method | b. Accounting Method The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 year-end. |
Estimates | c. Estimates The preparations of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and Cash Equivalents | d. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities at the date of purchase of three months or less to be cash equivalents. |
Income Taxes | e. Income Taxes The Company utilizes an asset and liability approach for financial accounting and reporting for income taxes. Deferred income taxes are provided for temporary differences in the bases of assets and liabilities as reported for financial statement and income tax purposes. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry-forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry-forwards may be limited as to use in the future. 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 carryforwards 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 sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as operating expenses in the statement of income. |
Basic Loss Per Share | f. Basic Loss Per Share The computation of basic (loss) per share of common stock is based on the weighted average number of shares outstanding during the period. December 31, 2023 December 31, 2022 Income (Numerator) $(378,946) $(1,494,848) Shares (Denominator) 2,458,590 2,458,590 Per Share Amount $(0.15) $(0.61) |
Revenue Recognition Policy | g. Revenue Recognition Policy The Company currently has no source of revenues. Revenue recognition policies will be determined when principal operations begin. |
Recent Accounting Pronouncements | h. Recent Accounting Pronouncements The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Earnings Per Share | December 31, 2023 December 31, 2022 Income (Numerator) $(378,946) $(1,494,848) Shares (Denominator) 2,458,590 2,458,590 Per Share Amount $(0.15) $(0.61) |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Net Deferred Tax Liabilities | 2023 2022 Deferred tax assets NOL Carryforward $ 616,300 $ 591,500 Related Party Accruals 750,194 676,399 Deferred tax liabilities Valuation allowance (1,366,494) (1,267,899) Net deferred tax asset $ - $ - |
Effective Tax Rate Reconciliation | 2023 2022 Book Income (Loss) $ (79,600) $ (313,900) Related Party Payable $ 59,600 $ 53,646 Change in Valuation allowance 20,000 260,264 $ - $ - |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Income (Numerator) | $ (378,946) | $ (1,494,848) |
Shares (Denominator) | 2,458,590 | 2,458,590 |
Per Share Amount | $ (0.15) | $ (0.61) |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Proceeds from Related Party Debt | $ 32,126 | $ 64,478 |
Other Liabilities, Current | 713,653 | 681,527 |
Interest Payable, Current | $ 951,413 | $ 798,197 |
Net Deferred Tax Liabilities (D
Net Deferred Tax Liabilities (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Income Tax Disclosure [Abstract] | ||
NOL Carryforward | $ 616,300 | $ 591,500 |
Related Party Accruals | 750,194 | 676,399 |
Valuation allowance | $ (1,366,494) | $ (1,267,899) |
Effective Tax Rate Reconciliati
Effective Tax Rate Reconciliation (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||
Book Income (Loss) | $ (79,600) | $ (313,900) |
Related Party Payable | 59,600 | 53,646 |
Change in Valuation allowance | $ 20,000 | $ 260,264 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | 12 Months Ended |
Dec. 31, 2023 USD ($) | |
Income Tax Disclosure [Abstract] | |
Effective Income Tax Rate Reconciliation, Percent | 26% |
Operating Loss Carryforwards | $ 2,370,000 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - $ / shares | Dec. 31, 2023 | Dec. 31, 2022 |
Equity [Abstract] | ||
Common Stock, Shares Authorized | 50,000,000 | 50,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Related Party Transactions [Abstract] | ||
Other Liabilities, Current | $ 713,653 | $ 681,527 |
Proceeds from Related Party Debt | 32,126 | 64,478 |
Interest Payable, Current | $ 951,413 | $ 798,197 |
Accounts Payable, Interest-Bearing, Interest Rate | 10% | |
[custom:TotalManagementFeePerYear] | $ 120,000 |