Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 05, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | CROWN EQUITY HOLDINGS INC. | |
Entity Central Index Key | 0001103833 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | No | |
Document Period End Date | Sep. 30, 2021 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Entity Common Stock Shares Outstanding | 13,318,642 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-29935 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 33-0677140 | |
Entity Address Address Line 1 | 11226 Pentland Downs Street | |
Entity Address City Or Town | Las Vegas | |
Entity Address State Or Province | NV | |
Entity Address Postal Zip Code | 89141 | |
City Area Code | 702 | |
Local Phone Number | 683-8946 | |
Entity Interactive Data Current | Yes |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Current assets | ||
Cash | $ 3,178 | $ 3,047 |
Brokerage account | 125,000 | 180,587 |
Total Current Assets | 128,178 | 183,634 |
Property and equipment, net | 10,021 | 15,505 |
Total Assets | 138,199 | 199,139 |
Current liabilities | ||
Accounts payable and accrued expenses | 140,029 | 137,793 |
Accounts payable and accrued expenses to related party | 734,940 | 444,246 |
Convertible notes payable to related parties, net of discount | 30,049 | 11,333 |
Convertible notes payable, net of discount | 0 | 5,508 |
Note payable to related party | 6,578 | 0 |
Finance lease obligation, current | 23,276 | 29,010 |
Total Current Liabilities | 934,872 | 627,890 |
Non-Current liabilities | ||
Long-term debt | 4,477 | 15,045 |
Total Liabilities | 939,349 | 642,935 |
Stockholders' deficit | ||
Preferred Stock, 20,000,000 shares authorized, authorized at $0.001 par value, none issued or outstanding | 0 | 0 |
Common Stock, 450,000,000 authorized at $0.001 par value; 12,918,642 and 12,901,753 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively | 12,918 | 12,902 |
Stock Payable | 0 | 3,000 |
Additional paid-in capital | 12,530,390 | 12,506,375 |
Accumulated deficit | (13,344,459) | (12,966,074) |
Total stockholders' deficit | (801,150) | (443,796) |
Total liabilities and stockholders' deficit | $ 138,199 | $ 199,139 |
Preferred stock value | 0 | 0 |
Series A Preferred Stock [Member] | ||
Stockholders' deficit | ||
Preferred stock value | 1,000 | 1,000 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2021 | Dec. 31, 2020 |
Stockholders' deficit | ||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares par value | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, shares authorized | 450,000,000 | 450,000,000 |
Common stock, shares par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 12,918,642 | 12,901,753 |
Common stock, shares outstanding | 12,918,642 | 12,901,753 |
Series A Preferred Stock [Member] | ||
Stockholders' deficit | ||
Preferred stock, shares authorized | 1,000 | 1,000 |
Preferred stock, shares par value | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 1,000 | 1,000 |
Preferred stock, shares outstanding | 1,000 | 1,000 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) | ||||
Revenue | $ 228 | $ 210 | $ 4,903 | $ 1,287 |
Revenue - related party | 2,833 | 1,667 | 10,483 | 1,667 |
Total Revenue | 3,061 | 1,877 | 15,386 | 2,954 |
Operating expenses | ||||
Depreciation | 1,828 | 8,035 | 5,484 | 24,102 |
General and Administrative | 122,154 | 137,008 | 382,913 | 493,438 |
Total Operating Expenses | 123,982 | 145,043 | 388,397 | 517,540 |
Net Operating Income (Loss) | (120,921) | (143,166) | (373,011) | (514,586) |
Other (expense) | ||||
Interest expense | (2,216) | (5,164) | (5,466) | (11,871) |
Gain on Forgiveness of Debt | 0 | 0 | 4,101 | 0 |
Debt Discount Amortization | (3,881) | 0 | 14,805 | 0 |
Gain (Loss) on Stocks Held | (14,000) | 0 | 11,548 | 0 |
Other Income (Expense) | 0 | (2,611) | (752) | (2,611) |
Investment Expense | 0 | (17,000) | 0 | (17,000) |
Loss on AP Settlement - related party | 0 | 0 | 0 | (542,334) |
Total other expense | (20,097) | (24,775) | (5,374) | (573,816) |
Net (loss) | $ (141,018) | $ (167,941) | $ (378,385) | $ (1,088,402) |
Net (loss) per common share - basic and diluted | $ (0.01) | $ (0.01) | $ (0.03) | $ (0.09) |
Weighted average number of common shares outstanding - basic and diluted | 12,918,642 | 12,606,731 | 12,915,701 | 12,269,852 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT (Unaudited) - USD ($) | Total | Preferred Stock [Member] | Common Stock [Member] | Common Stock Payable [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] |
Balance, shares at Dec. 31, 2019 | 1,000 | 11,766,766 | ||||
Balance, amount at Dec. 31, 2019 | $ (318,425) | $ 1 | $ 11,766 | $ 43,764 | $ 11,418,103 | $ (11,792,059) |
Common Stock issued for cash, shares | 472,000 | |||||
Common Stock issued for cash, amount | 243,500 | 0 | $ 472 | 0 | 243,028 | 0 |
Common Stock for services - Third Party, shares | 4,834 | |||||
Common Stock for services - Third Party, amount | 6,749 | 0 | $ 4 | 750 | 5,995 | 0 |
Common Stock for services - related party, shares | 156,061 | |||||
Common Stock for services - related party, amount | 18,757 | 0 | $ 156 | (43,764) | 62,365 | 0 |
Officer Compensation, shares | 160,000 | |||||
Officer Compensation, amount | 80,000 | 0 | $ 160 | 0 | 79,840 | 0 |
Settlement of AP - Third Party, shares | 74,000 | |||||
Settlement of AP - Third Party, amount | 37,000 | 0 | $ 74 | 0 | 36,926 | 0 |
Settlement of AP - Related Party, shares | 204,933 | |||||
Settlement of AP - Related Party, amount | 64,024 | 0 | $ 205 | 0 | 63,819 | 0 |
Warrant Subscriptions | 472 | 0 | 0 | 0 | 472 | 0 |
Loss on AP Settlement - Third Party | 117,000 | 0 | 0 | 0 | 117,000 | 0 |
Loss on AP Settlement - Related Party | 426,987 | 0 | 0 | 0 | 426,987 | 0 |
Forgiveness of AP by CEO | 7,200 | 0 | $ 0 | 0 | 7,200 | 0 |
Debt conversion, shares | 36,984 | |||||
Debt conversion, amount | 18,492 | $ 0 | $ 37 | 18,455 | ||
Shares for prepayment of interest on NP - related party, shares | 23,175 | |||||
Shares for prepayment of interest on NP - related party, amount | 23,175 | $ 25 | 23,150 | |||
Net loss | $ (1,088,402) | (1,088,402) | ||||
Common Stock Issued for services, shares | 24,756 | |||||
Balance, shares at Sep. 30, 2020 | 1,000 | 12,898,753 | ||||
Balance, amount at Sep. 30, 2020 | $ (363,471) | $ 1 | $ 12,899 | 750 | 12,503,340 | (12,880,461) |
Balance, shares at Jun. 30, 2020 | 1,000 | 12,424,870 | ||||
Balance, amount at Jun. 30, 2020 | (459,311) | $ 1 | $ 12,423 | 0 | 12,240,785 | (12,712,520) |
Common Stock issued for cash, shares | 412,000 | |||||
Common Stock issued for cash, amount | 213,500 | 0 | $ 412 | 0 | 213,088 | 0 |
Common Stock for services - Third Party, shares | 334 | |||||
Common Stock for services - Third Party, amount | 2,250 | 0 | $ 1 | 750 | 1,499 | 0 |
Common Stock for services - related party, shares | 1,390 | |||||
Common Stock for services - related party, amount | 6,252 | 0 | $ 1 | 0 | 6,251 | 0 |
Warrant Subscriptions | 112 | 0 | $ 0 | 0 | 112 | 0 |
Debt conversion, shares | 36,984 | |||||
Debt conversion, amount | 18,492 | 0 | $ 37 | 0 | 18,455 | 0 |
Shares for prepayment of interest on NP - related party, shares | 23,175 | |||||
Shares for prepayment of interest on NP - related party, amount | 23,175 | 0 | $ 25 | 0 | 23,150 | 0 |
Net loss | (167,941) | $ 0 | $ 0 | 0 | 0 | (167,941) |
Balance, shares at Sep. 30, 2020 | 1,000 | 12,898,753 | ||||
Balance, amount at Sep. 30, 2020 | (363,471) | $ 1 | $ 12,899 | 750 | 12,503,340 | (12,880,461) |
Balance, shares at Dec. 31, 2020 | 1,000 | 12,901,753 | ||||
Balance, amount at Dec. 31, 2020 | (443,796) | $ 1 | $ 12,902 | 3,000 | 12,506,375 | (12,966,074) |
Warrant Subscriptions | 25 | 0 | 0 | 0 | 25 | 0 |
Net loss | (378,385) | 0 | $ 0 | 0 | 0 | (378,385) |
Common Stock Issued for Common Stock Payable, shares | 1,286 | |||||
Common Stock Issued for Common Stock Payable, amount | 3,000 | 0 | $ 1 | 750 | 2,249 | 0 |
Settlement of AP for Common Stock, shares | 11,504 | |||||
Settlement of AP for Common Stock, amount | 17,256 | 0 | $ 11 | 0 | 17,245 | 0 |
Common Stock Issued for services, shares | 4,099 | |||||
Common Stock Issued for services, amount | 750 | $ 0 | $ 4 | (3,750) | 4,496 | 0 |
Balance, shares at Sep. 30, 2021 | 1,000 | 12,918,642 | ||||
Balance, amount at Sep. 30, 2021 | (801,150) | $ 1 | $ 12,918 | 0 | 12,530,390 | (13,344,459) |
Balance, shares at Jun. 30, 2021 | 1,000 | 12,918,642 | ||||
Balance, amount at Jun. 30, 2021 | (660,132) | $ 1 | $ 12,918 | 0 | 12,530,390 | (13,203,441) |
Net loss | (141,018) | $ 0 | $ 0 | 0 | 0 | (141,018) |
Balance, shares at Sep. 30, 2021 | 1,000 | 12,918,642 | ||||
Balance, amount at Sep. 30, 2021 | $ (801,150) | $ 1 | $ 12,918 | $ 0 | $ 12,530,390 | $ (13,344,459) |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Cash flows from operating activities | ||
Net loss | $ (378,385) | $ (1,088,402) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Common stock issued for services | 24,756 | |
Common stock issued for Settlement of Board Member Compensation | 0 | $ 80,000 |
Depreciation | 5,484 | 24,102 |
Gain/loss on brokerage account | (11,548) | 2,611 |
Loss on investment | 752 | 17,000 |
Loss on AP Settlement | 0 | 543,987 |
Debt Discount Amortization | 14,805 | 0 |
Gain on Forgiveness of Debt | (4,101) | 0 |
Changes in operating assets and liabilities: | ||
Cash transfer | 66,383 | |
Deferred revenue | (11,333) | (1,417) |
Accounts payable and accrued expenses - related party | 290,694 | 262,632 |
Accounts payable and accrued expenses | 19,694 | 59,720 |
Net cash (used in) operating activities | (7,555) | (75,011) |
Cash used in investing activities | ||
Cash paid to brokerage account | 0 | (170,000) |
Net cash (used in) Investing activities | 0 | (170,000) |
Cash flows from financing activities | ||
Payments on convertible notes payable, related party | 0 | (5,260) |
Borrowings on notes payable, related party | 9,333 | 0 |
Borrowings from convertible notes payable, related party | 19,306 | 33,675 |
Proceeds from Sale of Stock | 0 | 243,500 |
Proceeds from EIDL loan | 0 | 4,000 |
Principal Payments on conv. debt related party | (9,671) | 0 |
Principal payments on debt | (15,057) | (13,759) |
Shares subscribed for cash | 3,750 | 750 |
Warrant Subscriptions | 25 | 472 |
Net cash provided by financing activities | 7,686 | 263,378 |
Net increase (decrease) in cash | 131 | 18,367 |
Cash, beginning of period | 3,047 | 997 |
Cash, end of period | 3,178 | 19,364 |
Supplemental disclosure of cash flow information | ||
Interest paid | 5,466 | 11,871 |
Income taxes paid | 0 | 0 |
Non-Cash Transactions | ||
Forgiveness of AP by CEO | 0 | 7,200 |
Debt converted to common stock | 0 | 18,489 |
Convertible debt for payment of AP | 0 | 17,633 |
RP-AP Converted into common stock | 17,256 | 64,024 |
AP Converted into common stock - Third Party | 37,000 | |
Shares issued for stock payable | 6,750 | 43,764 |
Stock for related party deferred revenue | 0 | 17,000 |
Stock issued for prepayment of interest on debt - related party | $ 0 | $ 23,175 |
NATURE OF BUSINESS AND SUMMARY
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2021 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | |
NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES Nature of Business Crown Equity Holdings Inc. (“Crown Equity” or the “Company”) was incorporated in August 1995 in Nevada. The Company offers through its digital network of websites, advertising branding, marketing solutions and other services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The Company focuses on the distribution of information for the purpose of bringing together its audience with the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. Crown Equity Holdings’ objective is making its endeavor known as CRWE WORLD into a global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally. On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com and since company had not received the shares promised during the original sale. Basis of Preparation The accompanying financial statements include the financial information of Crown Equity Holdings Inc. (“Crown Equity”, the “Company”) have been prepared in accordance with the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the “SEC”). The preparation of these financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, the financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein. Reclassifications Certain prior period amounts have been reclassified to conform to current period presentation. Adoption of New Accounting Standard In February 2016, the FASB issued ASU 2016-02 “ Leases”, Leases” In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements. Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows. Accounting Standards not yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Use of Estimates The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent 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. Estimates are primarily used in our revenue recognition, long-lived asset impairments and adjustments, deferred tax, stock-based compensation, and reserves for legal matters. Cash and Cash Equivalents Crown Equity considers all highly liquid investments purchased with an original maturity of three months or less to be cash and cash equivalents. Stock-Based Compensation The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at grant date, based on the fair value of the award and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASC 505-50. Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company’s common stock for common share issuances. Revenue Recognition The core principles of revenue recognition under ASC 606 include the following five criteria: 1. Identify the contract with the customer Contract with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company’ preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists. 2. Identify the performance obligations in the contract Our sales and account management teams define the scope of services to be offered, to ensure all parties are in agreement and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations. 3. Determine the transaction price Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer. 4. Allocate the transaction price to the performance obligations in the contract If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase. 5. Recognize revenue when (or as) we satisfy a performance obligation The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on Company’s advertising platform. The company generates analytical reports monthly or as required to show how the ad dollars were spent and how the targeting resulted in click-through. The report satisfies the performance obligation, regardless of the outcome or effectiveness of the campaign. Sales are recognized when promised services are started in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Sales for service contracts generally are recognized as the services are being provided. Nine Months Ended Sep 30, 2021 Nine Months Ended Sep 30, 2020 Third Party Related Total Third Related Party Total Advertising $ - $ 10,200 $ 10,200 $ - $ 1,275 $ 1,275 Click Based and Impressions Ads 243 - 243 332 - 332 Domain Registrations - - - - - - Publishing and Distribution 4,660 283 4,943 955 392 1,347 Server - - - - - - $ 4,903 $ 10,483 $ 15,386 $ 1,287 $ 1,667 $ 2,954 Revenue is based on providing through the Company’s server services, Managed Information Technology, 24/7 support, which includes designing, developing, testing, maintaining functionality, infrastructure monitoring, managing and hosting, combined with revenue received from the display of click based and impressions ads located on the Company’s websites, domain name registration, publishing and distribution of news and press releases. Accounts Receivable and Allowance for Doubtful Accounts The Company establishes an allowance for bad debts through a review of several factors including historical collection experience, current aging status of the customer accounts, and financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of September 30, 2021 and December 31, 2020. Risk Concentrations The Company does not hold cash in excess of federally insured limits. During the nine-month period ending September 30, 2021, 2% of the Company’s revenues were from click based and impressions ads located on the company’s websites, as well as 32% for press releases, article publishing and distribution by the Company and 66% of the Company’s revenues being received through advertisements, which 100% of the advertisement revenue was received through a related party by the Company. General and Administrative Expenses Crown Equity’s general and administrative expenses consisted of the following types of expenses during 2021 and 2020: Compensation expense, auto, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation and other administrative related expenses. Property and Equipment Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Impairment of Long-Lived Assets The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2021 or 2020. Basic and Diluted Net (Loss) per Share Nine Months Sept. 30, 2021 Nine Months Sept. 30, 2020 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (378,385 ) $ (1,088,402 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (378,385 ) $ (1,088,402 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 12,915,701 12,269,852 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.03 ) $ (0.09 ) Diluted $ (0.03 ) $ (0.09 ) When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the periods ended September 30, 2021 and 2020. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended September 30, 2021 is 21,401,000. Income Taxes In December 2017, the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of this change, the Company’s statutory tax rate for fiscal 2020 and 2021 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of September 30, 2021, and December 31, 2020, the Company has not reflected any amounts as a deferred tax asset due to the uncertainty of future profits to offset any net operating loss. The Company’s deferred tax assets consisted of the following as of September 30, 2021 and December 31, 2020: Sept. 30, 2021 Dec. 31, 2020 Net operating loss $ 738,045 $ 661,701 Valuation allowance (738,045 ) (661,701 ) Net deferred tax asset - - Uncertain tax position The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of September 30, 2021 and December 31, 2020. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Research and Development The Company spent no money for research and development cost for the periods ended September 30, 2021 and December 31, 2020. Advertising Cost The Company spent $0 for advertisement for the periods ended September 30, 2021 and 2020. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Sep. 30, 2021 | |
GOING CONCERN | |
NOTE 2 - GOING CONCERN | NOTE 2 – GOING CONCERN As shown in the accompanying condensed consolidated financial statements, Crown Equity has an accumulated deficit of $13,344,459 since its inception and had a working capital deficit of $806,694 negative cash flows from operations and limited business operations as of September 30, 2021. These conditions raise substantial doubt as to Crown Equity’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Crown Equity is unable to continue as a going concern. Crown Equity continues to review its expense structure reviewing costs and their reduction to move towards profitability. Management plans to continue raising funds through debt and equity financing to grow the business to profitability. This financing may be insufficient to fund expenditures or other cash requirements. There can be no assurance that additional financing will be available to the Company on acceptable terms or at all. These financial statements do not give effect to adjustments to assets would be necessary for the Company be unable to continue as going concern. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 9 Months Ended |
Sep. 30, 2021 | |
PROPERTY AND EQUIPMENT | |
NOTE 3 - PROPERTY AND EQUIPMENT | NOTE 3 – PROPERTY AND EQUIPMENT The Company’s policy is to capitalize all property purchases over $1,000 and depreciates the assets over their useful lives of 3 to 7 years. Property consists of the following on September 30, 2021 and December 31, 2020: Sept. 30, 2021 Dec. 31, 2020 Computers – 3 year estimated useful life $ 108,622 $ 108,622 Less – Accumulated Depreciation (98,601 ) (93,117 ) Property and Equipment, net $ 10,021 $ 15,505 Depreciation has been provided over each asset’s estimated useful life. Depreciation expense was $5,484, and $24,102 for the nine months ended September 30, 2021 and 2020, respectively. |
BROKERAGE ACCOUNT
BROKERAGE ACCOUNT | 9 Months Ended |
Sep. 30, 2021 | |
BROKERAGE ACCOUNT | |
NOTE 4 - BROKERAGE ACCOUNT | NOTE 4 – BROKERAGE ACCOUNT As of September 30, 2021, the market value of the Company’s account portfolio was $125,000. During the period ending September 30, 2021, $66,383 was transferred from brokerage account to operating account. The opening value of the account was $170,832, resulting in losses in portfolio investment as follows: Net loss on investment in securities account for the nine months ended September 30, 2021 $ 752 Less – Net gain and losses recognized during 2021 on equity securities sold during the period $ 11,548 Unrealized losses recognized during 2021 on equities securities still held at September 30, 2021 $ 10,796 |
FINANCE LEASES
FINANCE LEASES | 9 Months Ended |
Sep. 30, 2021 | |
FINANCE LEASES | |
NOTE 5 - FINANCE LEASES | NOTE 5 – FINANCE LEASES During 2019 and 2020, the Company borrowed an aggregate $9,985 and $7,357 under the following third-party and related party finance lease transactions: ☐ A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with a payment of $498 in additional to a $22 management fee for a total monthly payment of $520. The lease has a bargain purchase option of $1 at the end of the lease term. The following is a schedule of the net book value of the finance lease. Assets Sept. 30, 2021 Leased equipment under finance lease, $ 108,622 less accumulated amortization (98,601 ) Net $ 10,021 Liabilities Sept. 30, 2021 Obligations under finance lease (current) $ 23,276 Obligations under finance lease (noncurrent) 4,477 Total $ 27,753 Below is a reconciliation of leases to the financial statements. Finance Leases Leased asset balance $ 10,021 Liability balance 27,753 Cash flow (operating) - Cash flow (financing) - Interest expense $ 2,194 The following is a schedule, by years, of future minimum lease payments required under finance leases. Years ended December 31 Finance Leases 2021 11,829 2022 14,990 2023 2,869 Thereafter - Total 29,688 Less: Imputed Interest (1,935 ) Total Liability 27,753 Other information related to leases is as follows: Lease Type Weighted Average Remaining Term Weighted Average Discount Rate (1) Finance Leases 1.51 years 16 % Based on average interest rate of 16%, average term remaining (months) 18.19. Average term remain (years) 1.51. (1) This discount rate is consistent with our borrowing rates from various lenders. |
NOTES PAYABLE AND CONVERTIBLE N
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | 9 Months Ended |
Sep. 30, 2021 | |
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | |
NOTE 6 - NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES As of September 30, 2021, and December 31, 2020, the Company had unamortized discount of $0 and $0 respectively. The Company analyzed the below convertible notes for derivatives noting none. Original Due Interest Conversion Sept. 30, Name Note Date Date Rate Rate 2021 Related Party Convertible Notes Payable: Montse Zaman 03/25/2020 03/25/2021 12 % $ - - Montse Zaman 04/28/2020 04/28/2021 12 % $ - - Montse Zaman 05/22/2020 05/22/2021 12 % $ - - Willy A Saint-Hilaire 09/29/2020 09/29/2021 - 11,171 Willy A Saint-Hilaire 04/06/2021 04/06/2022 12 % $ - 2,500 Willy A Saint-Hilaire 04/16/2021 04/16/2022 12 % $ - 1,518 Willy A Saint-Hilaire 04/21/2021 04/21/2021 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2021 12 % $ - 3,500 Willy A Saint-Hilaire 04/30/2021 03/25/2021 15.15 % $ - 2,750 Willy A Saint-Hilaire 05/04/2021 03/25/2021 15.15 % $ - 750 Willy A Saint-Hilaire 05/21/2021 03/25/2021 0 % $ - 6,929 Total Convertible Related Party Notes Payable 30,228 Less: Debt Discount (179 ) Convertible Notes Payable, net of Discount - Related Party 30,049 Third Party Convertible Notes Payable: Willy A. Saint-Hilaire 02/27/2020 02/27/2021 12 % $ - - Willy A. Saint-Hilaire 03/08/2020 03/08/2021 12 % $ - - Willy A. Saint-Hilaire 03/24/2020 03/24/2021 12 % $ - - Willy A. Saint-Hilaire 03/24/2020 03/24/2021 12 % $ - - Willy A. Saint-Hilaire 03/24/2020 03/24/2021 12 % $ - - Total Convertible Third Party Notes Payable - - Less: Debt Discount - - Convertible Notes Payable, net of Discount - Third Party - Notes Payable related party 03/12/2021 16 % $ 6,578 Third Party Non-Convertible Notes Payable: Small Business Administration – EIDL 04/30/2020 04/30/2050 3.75 % $ - Total Third Party Non-Convertible Notes Payable - In April 2020, Crown Equity Holdings executed the standard loan documents required for securing a loan (the “EIDL Advance Loan”) from the SBA under its Economic Injury Disaster Loan (“EIDL Advance”) an assistance program considering the impact of the COVID-19 pandemic on the Company’s business. The US Business Administration granted Company the $4,000 EIDL Advance forgivable loan for the purpose of working capital and normal operating expenses. During this period, the Company recognized a gain of $4,101 for the principal and interest of the loan. Mike Zaman As of December 31, 2019, the Company owed Mike Zaman a total of $760 and remaining accrued interest of $3,503. The balance of $760 was paid on January 13, 2020 and the remaining accrued interest of $3,503 was not converted as of September 30, 2021. Montse Zaman On March 27, 2020, the Company entered into a convertible promissory note with Montse Zaman in the amount of $5,000. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. During the period ending December 31,2020, the Company made principal payments of $1,000, and $3,000. In January 2021 a payment of $1,000 was made. As of June 30, 2021, the balance on this note was $0. On April 28, 2020, the Company entered into a convertible promissory note with Montse Zaman in the amount of $4,000. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. During the period ending December 31, 2020, the Company made principal payments of $2,00 and $2,000. As of June 30, 2021, the balance on this note was $0. Willy Ariel Saint-Hilaire On February 27, 2020, the Company entered into a promissory note with Willy Ariel Saint-Hilaire in the amount of $14,500. The note carries interest at 12% per annum. On July 31, 2020, the principal balance of $14,500 and accrued interest of $744 for a total of $15,244 were converted into 30,488 common shares at a conversion rate of $0.50 per share. On March 8, 2020, the Company entered into a promissory note with Willy Ariel Saint--Hilaire in the amounts of $1,581. The notes carry interest at 12% per annum. On July 31, 2020, the principal balance of $1,581 and accrued interest of $75 for a total of 1,656 were converted into 3,312common shares at a conversion rate of $.50 per share. On March 24, 2020, the Company entered into promissory notes with Willy Ariel Saint-Hilaire in the amounts of $500, $400, and $652. The notes carry interest at 12% per annum. On July 31, 2020, the principal balance of $500, $400, $652 and accrued interest of $21, $17, $2 respectively for a total of $1,592 were converted into 3,184 common shares at a conversion rate of $.50 per share. On September 20, 2020, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $23,175 payable in 12 equal monthly installments of $1,931.25. As original issuance discount for the note, the Company issued Common Stock for a total of 23,175 shares. The fair market value of the shares was in excess of the note and the company recorded a debt discount of $23,175. The Company has made payments of $8,138 and an amortization of $11,172, during the nine-month period ended September 30, 2021. On March 12, 2021, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $9,332 at 16% interest, payable in 12 equal month principal installments of $778. On April 6, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $2,500at an interest rate of 12% due within 12 months of the loan date. On April 16, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $1,518.20 at an interest rate of 12% due within 12 months of the loan date. On April 21, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $1,109.83 at an interest rate of 12%, due within 12 months of the loan date. On April 22, 2021, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500.00 at an interest rate of 12%, due within 12 months of the loan date. On April 30, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $2,750.00 at an interest rate of 15.15%, due within 12 months of the loan date. On May 4, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $750.00 at an interest rate of 15.15% due within 12 months of the loan date. On May 21, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $7,280 at 12% interest with an original issuance discount of $280 and a $31 amortization expense for the six-month period ended June 30, 2021. The Company has made payments of $$530, during the nine-month period ended September 30, 2021. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2021 | |
COMMITMENTS AND CONTINGENCIES | |
NOTE 7 - COMMITMENTS AND CONTINGENCIES | NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company is obligated for payments under related party notes payable and automobile lease payments. The Company agreed to pay the automobile lease of $395 and $278 a month, on a month-to-month basis and can be cancelled at any time but expects to continue lease payments for the full 2021 year. The Company entered into an agreement, effective January 1, 2020, to pay Arnulfo Saucedo-Bardan $5,000 per month for website development, design maintenance and other IT services and solutions. On February 13, 2020, Munti Consulting LLC was issued a warrant at a price of $0.000025 per share ($25 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. Exercisable after the first (1st) anniversary of the date of filing of the first Form S-1 filed with the U.S. Securities and Exchange Commission after the issuance of this Warrant. On March 13, 2020, BBCKQK Trust Kevin Wiltz was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On March 13, 2020, Willy Ariel Saint--Hilaire was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On April 1, 2020, Addicted 2 Marketing LLC was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On April 28, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On May 4, 2020, Arnulfo Saucedo-Bardan was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000shares of common stock at the exercise price of $0.60 per share. On May 7, 2020, Arnold F. Sock was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On May 7, 2020 Rudy Chacon was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 7, 2020, Sadegh Salmassi was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020, Glen J. Rineer was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Barry Cohen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020, Malcolm Ziman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Brett Matus was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Brian D. Colvin was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Jacob Colvin was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 11, 2020, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On May 13, 2020 Steven A. Fishman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 13, 2020 Wendell and Sharon Piper was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 19, 2020 Joan R. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On May 19, 2020 Marvin A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On May 20, 2020 Willy Rafael Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 27, 2020 James Bobrik was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 28, 2020 Richard R Shehane was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 29, 2020 Ybelka Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On June 3, 2020, Jeffery Connell was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On June 8, 2020 Hassan M. Oji was issued a warrant at a price of $0.000025 per share ($7.50 total) to purchase 300,000 shares of common stock at the exercise price of $0.60 per share. On June 9, 2020, Kim Smith was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On June 12, 2020 Violet Gewerter was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On June 16, 2020, Roy S Worbets was issued a warrant at a price of $0.000025 per share ($5.00) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On June 19, 2020, Elvis E. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On June 30, 2020, Chris Knudsen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On July 1, 2020, Theresa Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On July 1, 2020, Donald Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On July 10, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On August 13, 2020, Monireh Sepahpour was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On August 18, 2020, Monica Shayestehpour was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000shares of common stock at the exercise price of $0.60 per share. On September 2, 2020, Hongsing Phou was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On September 8, 2020, Pejham Khial was issued a warrant at a price of $0.000025 per share $12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On September 15, 2020, Salvatore Marasa was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On September 21, 2020, Richard W LeAndro was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On September 21, 2020, Richard W LeAndro Jr was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On September 25, 2020, Seyed M Javad was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On October 6, 2020, Nasrin Montazer was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On October 13, 2020, Jagjit Dhaliwal was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On January 3, 2021, Marjan Tina Suwarno & Reno Suwarno were issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. Summary of Warrants Issued: Issue Date Issued To Shares Exercise price per share Warrant price per share Total Paid for Warrants 02/13/2020 Munti Consulting LLC 1,000,000 $ .060 $ 0.000025 $ 25.00 03/13/2020 BBCKQK Trust Kevin Wiltz 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/01/2020 Addicted 2 Marketing LLC 100,000 $ 0.60 $ 0.000025 $ 2.50 05/07/2020 Arnold F Sock 500,000 $ 0.60 $ 0.000025 $ 12.50 05/07/2020 Rudy Chacon 200,000 $ 0.60 $ 0.000025 $ 5.00 05/07/2020 Sadegh Salmassi 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Glen J Rineer 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Barry Cohen 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Steven A Fishman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Wendell & Sharon Piper 200,000 $ 0.60 $ 0.000025 $ 5.00 05/27/2020 James Bobrik 200,000 $ 0.60 $ 0.000025 $ 5.00 05/28/2020 Richard R Shehane 200,000 $ 0.60 $ 0.000025 $ 5.00 06/03/2020 Jeffery Connell 100,000 $ 0.60 $ 0.000025 $ 2.50 06/08/2020 Hassan M Oji 300,000 $ 0.60 $ 0.000025 $ 7.50 06/09/2020 Kim Smith 500,000 $ 0.60 $ 0.000025 $ 12.50 06/12/2020 Violet Gewerter 500,000 $ 0.60 $ 0.000025 $ 12.50 06/16/2020 Roy S Worbets 200,000 $ 0.60 $ 0.000025 $ 5.00 06/30/2020 Chris Knudsen 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Donald Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 08/13/2020 Monireh Sepahpour 500,000 $ 0.60 $ 0.000025 $ 12.50 08/18/2020 Monica Shayestehpour 1,000,000 $ 0.60 $ 0.000025 $ 25.00 09/02/2020 Hongsing Phou 200,000 $ 0.60 $ 0.000025 $ 5.00 09/08/2020 Pejham Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 09/15/2020 Salvatore Marasa 200,000 $ 0.60 $ 0.000025 $ 5.00 09/21/2020 Richard W LeAndro 500,000 $ 0.60 $ 0.000025 $ 12.50 09/21/2020 Richard W LeAndro Jr 500,000 $ 0.60 $ 0.000025 $ 12.50 09/25/2020 Seyed M Javad 200,000 $ 0.60 $ 0.000025 $ 5.00 10/06/2020 Nasrin Montazer 500,000 $ 0.60 $ 0.000025 $ 12.50 10/13/2020 Jagit Dhaliwal 1,000,000 $ 0.60 $ 0.000025 $ 25.00 01/03/2021 Marjan Tina Suwarno & Reno Suwarno 1,000,000 $ 0.60 $ 0.000025 $ 25.00 Total: 12,300,000 $ 307.50 Related Party: 03/13/2020 Willy A Saint-Hilaire 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/28/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 05/01/2020 Mike Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/01/2020 Montse Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Malcolm Ziman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Brett Matus 200,000 $ 0.60 $ 0.000025 $ 5.00 05/11/2020 Mohammad Sadrolashrafi 500,000 $ 0.60 $ 0.000025 $ 12.50 05/04/2020 Arnulfo Saucedo-Bardan 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Brian D Colvin 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Jacob Colvin 200,000 $ 0.60 $ 0.000025 $ 5.00 05/19/2020 Joan R Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/19/2020 Marvin A Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/20/2020 Willy Rafael Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 05/29/2020 Ybelka Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 06/09/2020 Kenneth Cornell Bosket 1,000,000 $ 0.60 $ 0.000025 $ 25.00 06/19/2020 Elvis E Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Theresa Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 07/10/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 Total Related Party: 9,100,000 $ 227.50 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2021 | |
RELATED PARTY TRANSACTIONS | |
NOTE 8 - RELATED PARTY TRANSACTIONS | NOTE 8 – RELATED PARTY TRANSACTIONS The Company is provided office space by one of the officers and directors at no charge. The Company believes that this office space is sufficient for its needs for the foreseeable future. On March 1, 2020, Willy A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On April 28, 2020, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On May 1, 2020, Mike Zaman was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On May 1, 2020, Montse Zaman was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On May 4, 2020 Arnulfo Saucedo-Bardan was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020, Malcolm Ziman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Brian D. Colvin was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Jacob Colvin was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Brett Matus was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 11, 2020, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On May 19, 2020 Joan R Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On May 19, 2020 Marvin A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On May 20, 2020 Willy Rafael Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 29, 2020 Ybelka Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On June 9, 2020 Kenneth Cornell Bosket was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On July 1, 2020 Theresa Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On July 10, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On September 1, 2020, the Company entered into a Services Agreement with American Video Teleconferencing Corp (AVOT) to provide advertising, branding and marketing solutions. The Company was compensated $17,000 for services to be rendered for a period of 12 months. Total compensation of $17,000 was converted to 17,000,000 million shares of AVOT restricted common stock. There is a $0.00 balance in deferred revenue as of September 30, 2021. On September 29, 2020, the Company entered into a Promissory Note Agreement with Willy A Saint-Hilaire for $23,175. As original issuance discount for the note, the Company issued Common Stock for a total of 23,175 shares. The fair market value of the shares were in excess of the note and the company recorded a debt discount of $23,175. The Company is periodically advanced operating funds from related parties with convertible notes payable. During the nine months ended September 30, 2021, total convertible notes from related parties was $19,600. The Company is also periodically advanced funds to cover account payables by direct payment of the account payables from related parties. The Company entered into an agreement, effective January 1, 2020, to pay Mike Zaman $20,000 per month for managerial services. The Company entered into an agreement, effective January 1, 2020, to pay Kenneth Bosket $5,000 per month for administrative services. The Company entered into an agreement, effective January 1, 2020, to pay Montse Zaman $5,000 per month for administrative services. As of September 30, 2021, the Company has a balance of $734,940 of accounts and accrued expenses payable with related parties. |
STOCK HOLDERS DEFICIT
STOCK HOLDERS DEFICIT | 9 Months Ended |
Sep. 30, 2021 | |
CONDENSED CONSOLIDATED BALANCE SHEETS | |
NOTE 9 - STOCK HOLDERS' DEFICIT | NOTE 9 – STOCK HOLDERS’ DEFICIT Common Stock During the nine months ending September 30, 2021, the Company issued the following: • 1,286 shares for stock payable • 4,099 shares issued to third parties for services. • 11,504 for settlement of AP. On February 13, 2020, the Company granted non-qualified stock warrants purchasing up to 1,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing of which date is yet to be determined. On March 13, 2020, the Company granted non-qualified stock warrants purchasing up to 2,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing of which date is yet to be determined. Equity Incentive Plan The Company’s 2006 Equity Incentive Plan, as amended and restated (the “Equity Incentive Plan”), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of September 30, 2021 Preferred Stock The Company has designated 1,000 shares of its preferred stock as Series A Preferred Stock. Each share of Series A Preferred shall have no dividend, voting or other rights except for the right to elect Class I Directors. As of September 30, 2021, the Company has 1,000 shares of Series A Preferred Stock outstanding. |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Sep. 30, 2021 | |
INCOME TAXES | |
NOTE 10 - INCOME TAXES | NOTE 10 – INCOME TAXES The Company follows ASC 740, Accounting for Income Taxes. During 2009, there was a change in control of the Company. Under section 382 of the Internal Revenue Code such a change in control negates much of the tax loss carry forward and deferred income tax. Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry forwards. For federal income tax purposes, the Company uses the accrual basis of accounting, the same that is used for financial reporting purposes. The Company did not have taxable income during 2021. The Company’s deferred tax assets consisted of the following as of September 30, 2021 and December 31, 2020: 2021 2020 Net operating loss $ 738,045 $ 661,701 Valuation allowance (738,045 ) (661,701 ) Net deferred tax asset $ - $ - As of September 30, 2021, and December 31, 2020, the Company’s accumulated net operating loss carry forward was approximately $3,529,342 and $3,150,957 respectively and will begin to expire in the year 2032. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2021 | |
SUBSEQUENT EVENTS | |
NOTE 11 - SUBSEQUENT EVENTS | NOTE 11 – SUBSEQUENT EVENTS On October 08, 2021, the Company made a $1,366.25 payment on a Willy A. Saint-Hilaire note originated on March 12, 2021. On October 08, 2021, the Company paid off a related party note payable of Willy A. Saint-Hilaire that was originated on 09/29/2020 in an amount of 11,171.50. On October 25, 2021, Jamie Hadfield purchase 400,000shares of common stock at $0.50 per share at the purchase price of $200,000. On October 25, 2021, Malcolm Ziman resigned as board member and VP of Finance. On October 26, 2021, Jamie Hadfield and Shawn Jones became the members of the board, increasing the amount of board members from six to seven. Management has evaluated subsequent events as of the date of the Financial Statements and has determined that all events are disclosed herein. |
NATURE OF BUSINESS AND SUMMAR_2
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2021 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | |
Nature of Business | Crown Equity Holdings Inc. (“Crown Equity” or the “Company”) was incorporated in August 1995 in Nevada. The Company offers through its digital network of websites, advertising branding, marketing solutions and other services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The Company focuses on the distribution of information for the purpose of bringing together its audience with the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. Crown Equity Holdings’ objective is making its endeavor known as CRWE WORLD into a global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally. On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com and since company had not received the shares promised during the original sale. |
Basis of Preparation | The accompanying financial statements include the financial information of Crown Equity Holdings Inc. (“Crown Equity”, the “Company”) have been prepared in accordance with the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the “SEC”). The preparation of these financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, the financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein. |
Reclassifications | Certain prior period amounts have been reclassified to conform to current period presentation. |
Adoption of New Accounting Standard | In February 2016, the FASB issued ASU 2016-02 “ Leases”, Leases” In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements. Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows. |
Accounting Standards not yet Adopted | In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments |
Use of Estimates | The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent 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. Estimates are primarily used in our revenue recognition, long-lived asset impairments and adjustments, deferred tax, stock-based compensation, and reserves for legal matters. |
Cash and Cash Equivalents | Crown Equity considers all highly liquid investments purchased with an original maturity of three months or less to be cash and cash equivalents. |
Stock-Based Compensation | The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at grant date, based on the fair value of the award and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASC 505-50. Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company’s common stock for common share issuances. |
Revenue Recognition | The core principles of revenue recognition under ASC 606 include the following five criteria: 1. Identify the contract with the customer Contract with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company’ preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists. 2. Identify the performance obligations in the contract Our sales and account management teams define the scope of services to be offered, to ensure all parties are in agreement and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations. 3. Determine the transaction price Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer. 4. Allocate the transaction price to the performance obligations in the contract If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase. 5. Recognize revenue when (or as) we satisfy a performance obligation The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on Company’s advertising platform. The company generates analytical reports monthly or as required to show how the ad dollars were spent and how the targeting resulted in click-through. The report satisfies the performance obligation, regardless of the outcome or effectiveness of the campaign. Sales are recognized when promised services are started in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Sales for service contracts generally are recognized as the services are being provided. Nine Months Ended Sep 30, 2021 Nine Months Ended Sep 30, 2020 Third Party Related Total Third Related Party Total Advertising $ - $ 10,200 $ 10,200 $ - $ 1,275 $ 1,275 Click Based and Impressions Ads 243 - 243 332 - 332 Domain Registrations - - - - - - Publishing and Distribution 4,660 283 4,943 955 392 1,347 Server - - - - - - $ 4,903 $ 10,483 $ 15,386 $ 1,287 $ 1,667 $ 2,954 Revenue is based on providing through the Company’s server services, Managed Information Technology, 24/7 support, which includes designing, developing, testing, maintaining functionality, infrastructure monitoring, managing and hosting, combined with revenue received from the display of click based and impressions ads located on the Company’s websites, domain name registration, publishing and distribution of news and press releases. |
Accounts Receivable and Allowance for Doubtful Accounts | The Company establishes an allowance for bad debts through a review of several factors including historical collection experience, current aging status of the customer accounts, and financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of September 30, 2021 and December 31, 2020. |
Risk Concentrations | The Company does not hold cash in excess of federally insured limits. During the nine-month period ending September 30, 2021, 2% of the Company’s revenues were from click based and impressions ads located on the company’s websites, as well as 32% for press releases, article publishing and distribution by the Company and 66% of the Company’s revenues being received through advertisements, which 100% of the advertisement revenue was received through a related party by the Company. |
General and Administrative Expenses | Crown Equity’s general and administrative expenses consisted of the following types of expenses during 2021 and 2020: Compensation expense, auto, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation and other administrative related expenses. |
Property and Equipment | Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. |
Impairment of Long-Lived Assets | The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2021 or 2020. |
Basic and Diluted Net (Loss) per Share | Nine Months Sept. 30, 2021 Nine Months Sept. 30, 2020 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (378,385 ) $ (1,088,402 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (378,385 ) $ (1,088,402 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 12,915,701 12,269,852 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.03 ) $ (0.09 ) Diluted $ (0.03 ) $ (0.09 ) When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the periods ended September 30, 2021 and 2020. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended September 30, 2021 is 21,401,000. |
Income Taxes | In December 2017, the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of this change, the Company’s statutory tax rate for fiscal 2020 and 2021 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of September 30, 2021, and December 31, 2020, the Company has not reflected any amounts as a deferred tax asset due to the uncertainty of future profits to offset any net operating loss. The Company’s deferred tax assets consisted of the following as of September 30, 2021 and December 31, 2020: Sept. 30, 2021 Dec. 31, 2020 Net operating loss $ 738,045 $ 661,701 Valuation allowance (738,045 ) (661,701 ) Net deferred tax asset - - |
Uncertain tax position | The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of September 30, 2021 and December 31, 2020. |
Fair Value of Financial Instruments | The Company’s financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. |
Research and Development | The Company spent no money for research and development cost for the periods ended September 30, 2021 and December 31, 2020. |
Advertising Cost | The Company spent $0 for advertisement for the periods ended September 30, 2021 and 2020. |
NATURE OF BUSINESS AND SUMMAR_3
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | |
Schedule of Sales recognized | Nine Months Ended Sep 30, 2021 Nine Months Ended Sep 30, 2020 Third Party Related Total Third Related Party Total Advertising $ - $ 10,200 $ 10,200 $ - $ 1,275 $ 1,275 Click Based and Impressions Ads 243 - 243 332 - 332 Domain Registrations - - - - - - Publishing and Distribution 4,660 283 4,943 955 392 1,347 Server - - - - - - $ 4,903 $ 10,483 $ 15,386 $ 1,287 $ 1,667 $ 2,954 |
Schedule of Basic and Diluted Net (Loss) per Share | Nine Months Sept. 30, 2021 Nine Months Sept. 30, 2020 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (378,385 ) $ (1,088,402 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (378,385 ) $ (1,088,402 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 12,915,701 12,269,852 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.03 ) $ (0.09 ) Diluted $ (0.03 ) $ (0.09 ) |
Schedule of deferred tax assets | Sept. 30, 2021 Dec. 31, 2020 Net operating loss $ 738,045 $ 661,701 Valuation allowance (738,045 ) (661,701 ) Net deferred tax asset - - |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
PROPERTY AND EQUIPMENT | |
Schedule of property plant and equipment | Sept. 30, 2021 Dec. 31, 2020 Computers – 3 year estimated useful life $ 108,622 $ 108,622 Less – Accumulated Depreciation (98,601 ) (93,117 ) Property and Equipment, net $ 10,021 $ 15,505 |
BROKERAGE ACCOUNT (Tables)
BROKERAGE ACCOUNT (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
BROKERAGE ACCOUNT | |
Schedule of brokerage account | Net loss on investment in securities account for the nine months ended September 30, 2021 $ 752 Less – Net gain and losses recognized during 2021 on equity securities sold during the period $ 11,548 Unrealized losses recognized during 2021 on equities securities still held at September 30, 2021 $ 10,796 |
FINANCE LEASES (Tables)
FINANCE LEASES (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
FINANCE LEASES | |
Schedule of reconciliation of leases | Finance Leases Leased asset balance $ 10,021 Liability balance 27,753 Cash flow (operating) - Cash flow (financing) - Interest expense $ 2,194 |
Schedule of the net book value of the finance lease | Assets Sept. 30, 2021 Leased equipment under finance lease, $ 108,622 less accumulated amortization (98,601 ) Net $ 10,021 Liabilities Sept. 30, 2021 Obligations under finance lease (current) $ 23,276 Obligations under finance lease (noncurrent) 4,477 Total $ 27,753 |
Schedule of future minimum lease payments | Years ended December 31 Finance Leases 2021 11,829 2022 14,990 2023 2,869 Thereafter - Total 29,688 Less: Imputed Interest (1,935 ) Total Liability 27,753 |
Schedule of other information related to leases | Lease Type Weighted Average Remaining Term Weighted Average Discount Rate (1) Finance Leases 1.51 years 16 % |
NOTES PAYABLE AND CONVERTIBLE_2
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | |
Schedule of Convertible Notes Payable | Original Due Interest Conversion Sept. 30, Name Note Date Date Rate Rate 2021 Related Party Convertible Notes Payable: Montse Zaman 03/25/2020 03/25/2021 12 % $ - - Montse Zaman 04/28/2020 04/28/2021 12 % $ - - Montse Zaman 05/22/2020 05/22/2021 12 % $ - - Willy A Saint-Hilaire 09/29/2020 09/29/2021 - 11,171 Willy A Saint-Hilaire 04/06/2021 04/06/2022 12 % $ - 2,500 Willy A Saint-Hilaire 04/16/2021 04/16/2022 12 % $ - 1,518 Willy A Saint-Hilaire 04/21/2021 04/21/2021 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2021 12 % $ - 3,500 Willy A Saint-Hilaire 04/30/2021 03/25/2021 15.15 % $ - 2,750 Willy A Saint-Hilaire 05/04/2021 03/25/2021 15.15 % $ - 750 Willy A Saint-Hilaire 05/21/2021 03/25/2021 0 % $ - 6,929 Total Convertible Related Party Notes Payable 30,228 Less: Debt Discount (179 ) Convertible Notes Payable, net of Discount - Related Party 30,049 Third Party Convertible Notes Payable: Willy A. Saint-Hilaire 02/27/2020 02/27/2021 12 % $ - - Willy A. Saint-Hilaire 03/08/2020 03/08/2021 12 % $ - - Willy A. Saint-Hilaire 03/24/2020 03/24/2021 12 % $ - - Willy A. Saint-Hilaire 03/24/2020 03/24/2021 12 % $ - - Willy A. Saint-Hilaire 03/24/2020 03/24/2021 12 % $ - - Total Convertible Third Party Notes Payable - - Less: Debt Discount - - Convertible Notes Payable, net of Discount - Third Party - Notes Payable related party 03/12/2021 16 % $ 6,578 Third Party Non-Convertible Notes Payable: Small Business Administration – EIDL 04/30/2020 04/30/2050 3.75 % $ - Total Third Party Non-Convertible Notes Payable - |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
COMMITMENTS AND CONTINGENCIES (Tables) | |
Summary of Warrants Issued | Issue Date Issued To Shares Exercise price per share Warrant price per share Total Paid for Warrants 02/13/2020 Munti Consulting LLC 1,000,000 $ .060 $ 0.000025 $ 25.00 03/13/2020 BBCKQK Trust Kevin Wiltz 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/01/2020 Addicted 2 Marketing LLC 100,000 $ 0.60 $ 0.000025 $ 2.50 05/07/2020 Arnold F Sock 500,000 $ 0.60 $ 0.000025 $ 12.50 05/07/2020 Rudy Chacon 200,000 $ 0.60 $ 0.000025 $ 5.00 05/07/2020 Sadegh Salmassi 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Glen J Rineer 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Barry Cohen 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Steven A Fishman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Wendell & Sharon Piper 200,000 $ 0.60 $ 0.000025 $ 5.00 05/27/2020 James Bobrik 200,000 $ 0.60 $ 0.000025 $ 5.00 05/28/2020 Richard R Shehane 200,000 $ 0.60 $ 0.000025 $ 5.00 06/03/2020 Jeffery Connell 100,000 $ 0.60 $ 0.000025 $ 2.50 06/08/2020 Hassan M Oji 300,000 $ 0.60 $ 0.000025 $ 7.50 06/09/2020 Kim Smith 500,000 $ 0.60 $ 0.000025 $ 12.50 06/12/2020 Violet Gewerter 500,000 $ 0.60 $ 0.000025 $ 12.50 06/16/2020 Roy S Worbets 200,000 $ 0.60 $ 0.000025 $ 5.00 06/30/2020 Chris Knudsen 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Donald Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 08/13/2020 Monireh Sepahpour 500,000 $ 0.60 $ 0.000025 $ 12.50 08/18/2020 Monica Shayestehpour 1,000,000 $ 0.60 $ 0.000025 $ 25.00 09/02/2020 Hongsing Phou 200,000 $ 0.60 $ 0.000025 $ 5.00 09/08/2020 Pejham Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 09/15/2020 Salvatore Marasa 200,000 $ 0.60 $ 0.000025 $ 5.00 09/21/2020 Richard W LeAndro 500,000 $ 0.60 $ 0.000025 $ 12.50 09/21/2020 Richard W LeAndro Jr 500,000 $ 0.60 $ 0.000025 $ 12.50 09/25/2020 Seyed M Javad 200,000 $ 0.60 $ 0.000025 $ 5.00 10/06/2020 Nasrin Montazer 500,000 $ 0.60 $ 0.000025 $ 12.50 10/13/2020 Jagit Dhaliwal 1,000,000 $ 0.60 $ 0.000025 $ 25.00 01/03/2021 Marjan Tina Suwarno & Reno Suwarno 1,000,000 $ 0.60 $ 0.000025 $ 25.00 Total: 12,300,000 $ 307.50 Related Party: 03/13/2020 Willy A Saint-Hilaire 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/28/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 05/01/2020 Mike Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/01/2020 Montse Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Malcolm Ziman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Brett Matus 200,000 $ 0.60 $ 0.000025 $ 5.00 05/11/2020 Mohammad Sadrolashrafi 500,000 $ 0.60 $ 0.000025 $ 12.50 05/04/2020 Arnulfo Saucedo-Bardan 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Brian D Colvin 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Jacob Colvin 200,000 $ 0.60 $ 0.000025 $ 5.00 05/19/2020 Joan R Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/19/2020 Marvin A Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/20/2020 Willy Rafael Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 05/29/2020 Ybelka Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 06/09/2020 Kenneth Cornell Bosket 1,000,000 $ 0.60 $ 0.000025 $ 25.00 06/19/2020 Elvis E Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Theresa Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 07/10/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 Total Related Party: 9,100,000 $ 227.50 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
INCOME TAXES | |
Schedule of Deferred Tax | 2021 2020 Net operating loss $ 738,045 $ 661,701 Valuation allowance (738,045 ) (661,701 ) Net deferred tax asset $ - $ - |
NATURE OF BUSINESS AND SUMMAR_4
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Advertising | $ 10,200 | $ 1,275 |
Click Based and Impressions Ads | 243 | 332 |
Domain Registrations | 0 | 0 |
Publishing and Distribution | 4,943 | 1,347 |
Server | 0 | 0 |
Total sales | 15,386 | 2,954 |
Related Party [Member] | ||
Advertising | 10,200 | 1,275 |
Click Based and Impressions Ads | 0 | 0 |
Domain Registrations | 0 | 0 |
Publishing and Distribution | 283 | 392 |
Server | 0 | 0 |
Total sales | 10,483 | 1,667 |
Third Party [Member] | ||
Advertising | 0 | 0 |
Click Based and Impressions Ads | 243 | 332 |
Domain Registrations | 0 | 0 |
Publishing and Distribution | 4,660 | 955 |
Server | 0 | 0 |
Total sales | $ 4,903 | $ 1,287 |
NATURE OF BUSINESS AND SUMMAR_5
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Numerator: | ||
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. | $ (378,385) | $ (1,088,402) |
Net (Loss) attributable to Crown Equity Holdings, Inc. | $ (378,385) | $ (1,088,402) |
Denominator: | ||
Weighted average common and common equivalent shares outstanding-basic and diluted | 12,915,701 | 12,269,852 |
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: | ||
Basic | $ (0.03) | $ (0.09) |
Diluted | $ (0.03) | $ (0.09) |
NATURE OF BUSINESS AND SUMMAR_6
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 2) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||
Net operating loss | $ 738,045 | $ 661,701 |
Valuation allowance | (738,045) | (661,701) |
Net deferred tax asset | $ 0 | $ 0 |
NATURE OF BUSINESS AND SUMMAR_7
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING (Details Narrative) | 9 Months Ended |
Sep. 30, 2021shares | |
Reduced the federal statutory corporate tax rate | the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018 |
Corporate tax rate | 21.00% |
Uncertain tax position description | the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement |
Number of anti-dilutive shares excluded | 21,401,000 |
Related Party [Member] | |
Percentage of revenues received | 100.00% |
Article Publishing services [Member] | |
Percentage of revenues received | 2.00% |
Press releases [Member] | |
Percentage of revenues received | 32.00% |
Advertisement [Member] | |
Percentage of revenues received | 66.00% |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
GOING CONCERN | ||
Working capital deficit | $ (806,694) | |
Accumulated deficit | $ (13,344,459) | $ (12,966,074) |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
PROPERTY AND EQUIPMENT | ||
Computers - 3 year estimated useful life | $ 108,622 | $ 108,622 |
Less - Accumulated Depreciation | (98,601) | (93,117) |
Property and Equipment, net | $ 10,021 | $ 15,505 |
PROPERTY AND EQUIPMENT (Detai_2
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Depreciation | $ 1,828 | $ 8,035 | $ 5,484 | $ 24,102 |
Capitalized property | $ 1,000 | $ 1,000 | ||
Minimum [Member] | ||||
Useful life | 3 years | |||
Maximum [Member] | ||||
Useful life | 7 years |
BROKERAGE ACCOUNT (Details)
BROKERAGE ACCOUNT (Details) | 9 Months Ended |
Sep. 30, 2021USD ($) | |
BROKERAGE ACCOUNT (Details) | |
Net loss on investment in securities account for the nine months ended September 30, 2021 | $ 752 |
Less - Net gain and losses recognized during 2021 on equity securities sold during the period | 11,548 |
Unrealized losses recognized during 2021 on equities securities still held at September 30, 2021 | $ 10,796 |
BROKERAGE ACCOUNT (Details Narr
BROKERAGE ACCOUNT (Details Narrative) | 9 Months Ended |
Sep. 30, 2021USD ($) | |
BROKERAGE ACCOUNT (Details Narrative) | |
Market value of portfolio account | $ 125,000 |
Brokerage account transferred value | 66,383 |
Brokerage Account | $ 170,832 |
FINANCE LEASES (Details)
FINANCE LEASES (Details) | Sep. 30, 2021USD ($) |
Assets | |
Leased equipment under finance lease | $ 108,622 |
Less accumulated amortization | (98,601) |
Net | 10,021 |
Liabilities | |
Obligations under finance lease (current) | 23,276 |
Obligations under finance lease (noncurrent) | 4,477 |
Total | $ 27,753 |
FINANCE LEASES (Details 1)
FINANCE LEASES (Details 1) - Finance Leases [Member] | 9 Months Ended |
Sep. 30, 2021USD ($) | |
Leased asset balance | $ 10,021 |
Liability balance | 27,753 |
Cash flow (operating) | 0 |
Cash flow (financing) | 0 |
Interest expense | $ 2,194 |
FINANCE LEASES (Details 2)
FINANCE LEASES (Details 2) - Finance Leases [Member] | Sep. 30, 2021USD ($) |
2021 | $ 11,829 |
2022 | 14,990 |
2023 | 2,869 |
Thereafter | 0 |
Total | 29,688 |
Less: Imputed Interest | (1,935) |
Total Liability | $ 27,753 |
FINANCE LEASES (Details 3)
FINANCE LEASES (Details 3) - Finance Leases [Member] | 9 Months Ended |
Sep. 30, 2021 | |
Weighted Average Remaining Term | 1 year 6 months 3 days |
Weighted Average Discount Rate | 16.00% |
FINANCE LEASES (Details Narrati
FINANCE LEASES (Details Narrative) - USD ($) | 9 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2021 | Dec. 31, 2020 | |
Related party, borrowed finance lease | $ 7,357 | $ 9,985 | ||
Financial lease description | Based on average interest rate of 16%, average term remaining (months) 18.19. Average term remain (years) 1.51 | |||
Note payable | $ 0 | $ 5,508 | ||
Finance Lease [Member] | ||||
Interest rate | 22.00% | |||
Amortization period | 24 years | |||
Monthly payments | $ 520 | |||
Bargain purchase option | 1 | |||
Note payable | 9,985 | |||
Other payments | 498 | |||
Payment for Management Fee | $ 22 |
NOTES PAYABLE AND CONVERTIBLE_3
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Dec. 31, 2020 | |
Convertible Notes Payable, net of Discount - Related Party | $ 30,049 | $ 11,333 |
Willy A. Saint-Hilaire [Member] | ||
Original Note Date | 03/13/2020 | |
Shahram Khial [Member] | ||
Original Note Date | 04/28/2020 | |
Montse Zaman [Member] | ||
Original Note Date | 05/01/2020 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 9 [Member] | ||
Note payable | $ 2,750 | |
Interest Rate | 15.15% | |
Conversion Rate | $ 0 | |
Due Date | 03/25/2021 | |
Original Note Date | 04/30/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 10 [Member] | ||
Note payable | $ 750 | |
Interest Rate | 15.15% | |
Conversion Rate | $ 0 | |
Due Date | 03/25/2021 | |
Original Note Date | 05/04/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 11 [Member] | ||
Note payable | $ 6,929 | |
Interest Rate | 0.00% | |
Conversion Rate | $ 0 | |
Due Date | 03/25/2021 | |
Original Note Date | 05/21/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 7 [Member] | ||
Note payable | $ 1,518 | |
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Due Date | 04/16/2022 | |
Original Note Date | 04/16/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 8 [Member] | ||
Note payable | $ 1,110 | |
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Due Date | 04/21/2021 | |
Original Note Date | 04/21/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 6 [Member] | ||
Note payable | $ 2,500 | |
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Due Date | 04/06/2022 | |
Original Note Date | 04/06/2021 | |
Convertible Notes Payable [Member] | Related Party [Member] | ||
Total Convertible Related Party Notes Payable | $ 30,228 | |
Less: Debt Discount | (179) | |
Convertible Notes Payable, net of Discount - Related Party | $ 30,049 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 1 [Member] | ||
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Original Note Date | 02/27/2020 | |
Due Date | 02/27/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 2 [Member] | ||
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Original Note Date | 03/08/2020 | |
Due Date | 03/08/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 3 [Member] | ||
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Original Note Date | 03/24/2020 | |
Due Date | 03/24/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 4 [Member] | ||
Interest Rate | 12.00% | |
Original Note Date | 03/24/2020 | |
Due Date | 03/24/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 5 [Member] | ||
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Original Note Date | 03/24/2020 | |
Due Date | 03/24/2021 | |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member] | ||
Note payable | $ 11,171 | |
Conversion Rate | $ 0 | |
Original Note Date | 09/29/2020 | |
Due Date | 09/29/2021 | |
Convertible Notes Payable [Member] | Shahram Khial [Member] | ||
Note payable | $ 3,500 | |
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Due Date | 04/22/2021 | |
Original Note Date | 04/22/2021 | |
Convertible Notes Payable [Member] | Small Business Administration - EIDL [Member] | ||
Note payable | $ 0 | |
Interest Rate | 3.75% | |
Conversion Rate | $ 0 | |
Due Date | 04/30/2050 | |
Original Note Date | 04/30/2020 | |
Convertible Notes Payable [Member] | Montse Zaman Two [Member] | ||
Note payable | $ 0 | |
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Due Date | 05/22/2021 | |
Original Note Date | 05/22/2020 | |
Convertible Notes Payable [Member] | Montse Zaman One [Member] | ||
Note payable | $ 0 | |
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Due Date | 04/28/2021 | |
Original Note Date | 04/28/2020 | |
Convertible Notes Payable [Member] | Montse Zaman [Member] | ||
Note payable | $ 0 | |
Interest Rate | 12.00% | |
Conversion Rate | $ 0 | |
Original Note Date | 03/25/2020 | |
Due Date | 03/25/2021 | |
Notes Payable [Member] | ||
Note payable | $ 6,578 | |
Interest Rate | 16.00% | |
Conversion Rate | $ 0 | |
Original Note Date | 03/12/2021 |
NOTES PAYABLE AND CONVERTIBLE_4
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details Narrative) - USD ($) | May 04, 2021 | Apr. 06, 2021 | Jan. 13, 2020 | Apr. 30, 2021 | Apr. 22, 2021 | Apr. 21, 2021 | Apr. 16, 2021 | Jul. 31, 2020 | May 22, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | May 21, 2021 | Mar. 12, 2021 | Sep. 29, 2020 | Sep. 20, 2020 | Apr. 28, 2020 | Mar. 27, 2020 | Mar. 24, 2020 | Mar. 08, 2020 | Feb. 27, 2020 | Dec. 31, 2019 |
EIDL loan | $ 4,000 | |||||||||||||||||||||
Gain on loan | 4,101 | |||||||||||||||||||||
Principal payments paid | 8,138 | |||||||||||||||||||||
Amortization | 11,172 | |||||||||||||||||||||
Unamortized discount | 0 | $ 0 | ||||||||||||||||||||
Note payable | 0 | 5,508 | ||||||||||||||||||||
Payments on convertible notes payable, related party | 0 | $ (5,260) | ||||||||||||||||||||
Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||
Unamortized discount | $ 23,175 | |||||||||||||||||||||
Convertible Notes Payable [Member] | Shahram Khial [Member] | ||||||||||||||||||||||
Note payable | $ 3,500 | |||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||
Due date in months | 12 | |||||||||||||||||||||
Convertible Notes Payable [Member] | Montse Zaman Two [Member] | ||||||||||||||||||||||
Note payable | $ 1,500 | 0 | ||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||
Convertible Notes Payable [Member] | Montse Zaman One [Member] | ||||||||||||||||||||||
Note payable | 0 | $ 4,000 | ||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||
Convertible Notes Payable [Member] | Mike Zaman [Member] | ||||||||||||||||||||||
Accrued interest | $ 3,503 | |||||||||||||||||||||
Note payable | $ 760 | |||||||||||||||||||||
Payments on convertible notes payable, related party | $ 760 | |||||||||||||||||||||
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||
Unamortized discount | $ 23,175 | |||||||||||||||||||||
Accrued interest | $ 744 | |||||||||||||||||||||
Common shares converted debt, shares | 30,488 | |||||||||||||||||||||
Note payable | $ 14,500 | $ 9,332 | $ 14,500 | |||||||||||||||||||
Common shares converted debt. amount | $ 15,244 | |||||||||||||||||||||
Interest rate | 16.00% | 12.00% | ||||||||||||||||||||
Monthly installments | $ 778 | $ 1,931 | ||||||||||||||||||||
Common stock issued | 23,175 | |||||||||||||||||||||
Conversion rate | $ 0.50 | |||||||||||||||||||||
Convertible Notes Payable 4 [Member] | Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||
Accrued interest | $ 21 | |||||||||||||||||||||
Common shares converted debt, shares | 3,184 | |||||||||||||||||||||
Note payable | $ 500 | |||||||||||||||||||||
Common shares converted debt. amount | 1,592 | |||||||||||||||||||||
Convertible Promissory Note [Member] | Montse Zaman [Member] | ||||||||||||||||||||||
Note payable | 0 | 4,000 | $ 5,000 | |||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||
Convertible Notes Payable 1 [Member] | Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||
Amortization | 31 | |||||||||||||||||||||
Unamortized discount | 280 | |||||||||||||||||||||
Accrued interest | $ 75 | |||||||||||||||||||||
Common shares converted debt, shares | 3,312 | |||||||||||||||||||||
Note payable | $ 750 | $ 2,500 | $ 2,750 | $ 1,109 | $ 1,518 | $ 1,581 | $ 7,280 | $ 1,581 | ||||||||||||||
Common shares converted debt. amount | $ 1,656 | |||||||||||||||||||||
Interest rate | 15.15% | 12.00% | 15.15% | 12.00% | 12.00% | 12.00% | 12.00% | |||||||||||||||
Due date in months | 12 | 12 | 12 | 12 | 12 | |||||||||||||||||
Conversion rate | $ 0.50 | |||||||||||||||||||||
Convertible Notes Payable 2 [Member] | Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||
Accrued interest | $ 17 | |||||||||||||||||||||
Note payable | 400 | $ 400 | ||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||
Convertible Notes Payable 3 [Member] | Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||
Accrued interest | $ 2 | |||||||||||||||||||||
Common shares converted debt, shares | 3,184 | |||||||||||||||||||||
Note payable | $ 652 | $ 652 | ||||||||||||||||||||
Common shares converted debt. amount | 1,592 | |||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||
Payment One [Member] | ||||||||||||||||||||||
Principal payments paid | $ 800 | $ 700 | $ 530 | 1,000 | ||||||||||||||||||
Payment Two [Member] | ||||||||||||||||||||||
Principal payments paid | 3,000 | |||||||||||||||||||||
Payment Three [Member] | ||||||||||||||||||||||
Principal payments paid | 1,000 | |||||||||||||||||||||
Payment Four [Member] | ||||||||||||||||||||||
Principal payments paid | 200 | |||||||||||||||||||||
Payment Five [Member] | ||||||||||||||||||||||
Principal payments paid | $ 2,000 |
COMMITMENTS AND CONTINGENCIES_2
COMMITMENTS AND CONTINGENCIES (Details) - USD ($) | 9 Months Ended | ||||||||||||||||||||||||||||||||||
Sep. 30, 2021 | Jan. 03, 2021 | Oct. 06, 2020 | Sep. 25, 2020 | Sep. 21, 2020 | Sep. 15, 2020 | Sep. 08, 2020 | Sep. 02, 2020 | Aug. 18, 2020 | Aug. 13, 2020 | Jul. 10, 2020 | Jul. 01, 2020 | Jun. 30, 2020 | Jun. 19, 2020 | Jun. 16, 2020 | Jun. 12, 2020 | Jun. 09, 2020 | Jun. 08, 2020 | Jun. 03, 2020 | May 29, 2020 | May 28, 2020 | May 27, 2020 | May 20, 2020 | May 19, 2020 | May 13, 2020 | May 11, 2020 | May 08, 2020 | May 07, 2020 | May 04, 2020 | May 01, 2020 | Apr. 28, 2020 | Apr. 01, 2020 | Mar. 13, 2020 | Mar. 01, 2020 | Feb. 13, 2020 | |
Warrants issued to purchase common stcok | 12,300,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 308 | ||||||||||||||||||||||||||||||||||
Shahram Khial One [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 07/10/2020 | ||||||||||||||||||||||||||||||||||
Shahram Khial [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 04/28/2020 | ||||||||||||||||||||||||||||||||||
Kenneth Cornell Bosket [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 06/09/2020 | ||||||||||||||||||||||||||||||||||
Montse Zaman [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/01/2020 | ||||||||||||||||||||||||||||||||||
Mike Zaman [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/01/2020 | ||||||||||||||||||||||||||||||||||
Roy S Worbets [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 06/16/2020 | ||||||||||||||||||||||||||||||||||
Ybelka Saint Hilaire [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/29/2020 | ||||||||||||||||||||||||||||||||||
Willy Rafael Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/20/2020 | ||||||||||||||||||||||||||||||||||
Marvin A Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 3 | $ 2 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/19/2020 | ||||||||||||||||||||||||||||||||||
Joan R. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 3 | $ 2 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/19/2020 | ||||||||||||||||||||||||||||||||||
Wendell and Sharon Piper [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/13/2020 | ||||||||||||||||||||||||||||||||||
Jacob Colvin [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/08/2020 | ||||||||||||||||||||||||||||||||||
Brett Matus [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/08/2020 | ||||||||||||||||||||||||||||||||||
Rudy Chacon [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/07/2020 | ||||||||||||||||||||||||||||||||||
Arnold F. Sock [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/07/2020 | ||||||||||||||||||||||||||||||||||
Arnulfo Saucedo-Bardan [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/04/2020 | ||||||||||||||||||||||||||||||||||
Munti Consulting LLC [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.060 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 02/13/2020 | ||||||||||||||||||||||||||||||||||
Nasrin Montazer [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 10/06/2020 | ||||||||||||||||||||||||||||||||||
Marjan Tina Suwarno & Reno Suwarno [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 01/03/2021 | ||||||||||||||||||||||||||||||||||
Jagit Dhaliwal [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Original note date | 10/13/2020 | ||||||||||||||||||||||||||||||||||
Seyed M. Javad [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 09/25/2020 | ||||||||||||||||||||||||||||||||||
Richard W LeAndro Jr [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 09/21/2020 | ||||||||||||||||||||||||||||||||||
Related Party [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 9,100,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 228 | ||||||||||||||||||||||||||||||||||
Donald Kitt [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Original note date | 07/01/2020 | ||||||||||||||||||||||||||||||||||
Richard W LeAndro [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 09/21/2020 | ||||||||||||||||||||||||||||||||||
Salvatore Marasa [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 09/15/2020 | ||||||||||||||||||||||||||||||||||
Pejham Khial [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 09/08/2020 | ||||||||||||||||||||||||||||||||||
Hongsing Phou [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 09/02/2020 | ||||||||||||||||||||||||||||||||||
Monica Shayestehpour [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 08/18/2020 | ||||||||||||||||||||||||||||||||||
Monireh Sepahpour [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 08/13/2020 | ||||||||||||||||||||||||||||||||||
Theresa Kitt [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 07/01/2020 | ||||||||||||||||||||||||||||||||||
Chris Knudsen [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 06/30/2020 | ||||||||||||||||||||||||||||||||||
Elvis E. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 06/19/2020 | ||||||||||||||||||||||||||||||||||
Violet Gewerter [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 06/12/2020 | ||||||||||||||||||||||||||||||||||
Kim Smith [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 06/09/2020 | ||||||||||||||||||||||||||||||||||
Hassan M. Oji [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 300,000 | 300,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 8 | $ 7 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 06/08/2020 | ||||||||||||||||||||||||||||||||||
Jeffery Connell [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 3 | $ 2 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 06/03/2020 | ||||||||||||||||||||||||||||||||||
Richard R Shehane [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/28/2020 | ||||||||||||||||||||||||||||||||||
James Bobrik [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/27/2020 | ||||||||||||||||||||||||||||||||||
Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||
Original note date | 03/13/2020 | ||||||||||||||||||||||||||||||||||
Steven A. Fishman [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/13/2020 | ||||||||||||||||||||||||||||||||||
Mohammad Sadrolashrafi [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/11/2020 | ||||||||||||||||||||||||||||||||||
Brian D. Colvin [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/08/2020 | ||||||||||||||||||||||||||||||||||
Malcolm Ziman [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/08/2020 | ||||||||||||||||||||||||||||||||||
Barry Cohen [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/08/2020 | ||||||||||||||||||||||||||||||||||
Glen J. Rineer [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/08/2020 | ||||||||||||||||||||||||||||||||||
Sadegh Salmassi [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 05/07/2020 | ||||||||||||||||||||||||||||||||||
Addicted 2 Marketing LLC [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 3 | $ 2 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 04/01/2020 | ||||||||||||||||||||||||||||||||||
BBCKQK Trust Kevin Wiltz [Member] | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Original note date | 03/13/2020 |
COMMITMENTS AND CONTINGENCIES_3
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||
Sep. 30, 2021 | Sep. 30, 2021 | Dec. 31, 2020 | Jan. 03, 2021 | Oct. 13, 2020 | Oct. 06, 2020 | Sep. 25, 2020 | Sep. 21, 2020 | Sep. 15, 2020 | Sep. 08, 2020 | Sep. 02, 2020 | Aug. 18, 2020 | Aug. 13, 2020 | Jul. 10, 2020 | Jul. 01, 2020 | Jun. 30, 2020 | Jun. 19, 2020 | Jun. 16, 2020 | Jun. 12, 2020 | Jun. 09, 2020 | Jun. 08, 2020 | Jun. 03, 2020 | May 29, 2020 | May 28, 2020 | May 27, 2020 | May 20, 2020 | May 19, 2020 | May 13, 2020 | May 11, 2020 | May 08, 2020 | May 07, 2020 | May 04, 2020 | Apr. 28, 2020 | Apr. 01, 2020 | Mar. 13, 2020 | Mar. 01, 2020 | Feb. 13, 2020 | |
Warrants issued to purchase common stcok | 12,300,000 | 12,300,000 | |||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 308 | $ 308 | |||||||||||||||||||||||||||||||||||
Automobile lease [Member] | |||||||||||||||||||||||||||||||||||||
Monthly payment | $ 278 | $ 395 | |||||||||||||||||||||||||||||||||||
Munti Consulting LLC [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.060 | $ 0.060 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Shahram Khial One [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Roy S Worbets [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Ybelka Saint Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Willy Rafael Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Marvin A Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 3 | $ 3 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Joan R. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 3 | $ 3 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Wendell and Sharon Piper [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Jacob Colvin [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Brett Matus [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Rudy Chacon [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Arnold F. Sock [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Shahram Khial [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Arnulfo Saucedo-Bardan [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Payment period | Monthly | Monthly | |||||||||||||||||||||||||||||||||||
January 1, 2020 [Member] | Arnulfo Saucedo-Bardan [Member] | |||||||||||||||||||||||||||||||||||||
Website development, design maintenance and other IT services | $ 5,000 | $ 5,000 | |||||||||||||||||||||||||||||||||||
Theresa Kitt [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Theresa Kitt [Member] | July 1, 2020 [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Kim Smith [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Donald Kitt [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Donald Kitt [Member] | July 1, 2020 [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Marjan Tina Suwarno & Reno Suwarno [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Nasrin Montazer [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Jagjit Dhaliwal [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | ||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | ||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | ||||||||||||||||||||||||||||||||||||
Seyed M. Javad [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Richard W LeAndro Jr [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Richard W LeAndro [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Salvatore Marasa [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Pejham Khial [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Hongsing Phou [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Monica Shayestehpour [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Monireh Sepahpour [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Chris Knudsen [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Elvis E. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Violet Gewerter [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Hassan M. Oji [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 300,000 | 300,000 | 300,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 8 | $ 8 | $ 7 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Jeffery Connell [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 3 | $ 3 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Richard R Shehane [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
James Bobrik [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Steven A. Fishman [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Mohammad Sadrolashrafi [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 13 | $ 13 | $ 13 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Brian D. Colvin [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Malcolm Ziman [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Barry Cohen [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Glen J. Rineer [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Sadegh Salmassi [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Addicted 2 Marketing LLC [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 3 | $ 3 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
BBCKQK Trust Kevin Wiltz [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | $ 0.000025 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Sep. 29, 2020 | Jul. 10, 2020 | Jul. 01, 2020 | Jun. 09, 2020 | May 29, 2020 | May 20, 2020 | May 19, 2020 | May 11, 2020 | May 08, 2020 | May 04, 2020 | May 01, 2020 | Apr. 28, 2020 | Mar. 13, 2020 | Mar. 01, 2020 | Jan. 01, 2020 | |
Accounts payable and accrued expenses to related party | $ 734,940 | $ 444,246 | ||||||||||||||||
Convertible notes payable - related party | 30,049 | 11,333 | ||||||||||||||||
Stock for related party service rendered | $ 0 | $ 80,000 | ||||||||||||||||
Options issued to purchase common stock | 12,300,000 | |||||||||||||||||
Debt discount | $ 0 | $ 0 | ||||||||||||||||
Willy A. Saint-Hilaire [Member] | ||||||||||||||||||
Options issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||
Convertible notes payable | $ 23,175 | |||||||||||||||||
Debt discount | $ 23,175 | |||||||||||||||||
Shares issued upon conversion | 23,175 | 25 | ||||||||||||||||
Mohammad Sadrolashrafi [Member] | ||||||||||||||||||
Options issued to purchase common stock | 500,000 | 500,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Theresa Kitt [Member] | ||||||||||||||||||
Options issued to purchase common stock | 200,000 | 200,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Brian Colvin [Member] | ||||||||||||||||||
Options issued to purchase common stock | 1,000,000 | |||||||||||||||||
Share price | $ 0.000025 | |||||||||||||||||
Options exercise price | $ 0.60 | |||||||||||||||||
Malcolm Ziman [Member] | ||||||||||||||||||
Options issued to purchase common stock | 200,000 | 200,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Mike Zaman [Member] | ||||||||||||||||||
Options issued to purchase common stock | 1,000,000 | 1,000,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Managerial services | $ 20,000 | |||||||||||||||||
Shahram Khial One [Member] | ||||||||||||||||||
Options issued to purchase common stock | 500,000 | 500,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Ybelka Saint Hilaire [Member] | ||||||||||||||||||
Options issued to purchase common stock | 200,000 | 200,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Willy Rafael Saint-Hilaire [Member] | ||||||||||||||||||
Options issued to purchase common stock | 200,000 | 200,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Marvin A Saint-Hilaire [Member] | ||||||||||||||||||
Options issued to purchase common stock | 100,000 | 100,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Joan R. Saint-Hilaire [Member] | ||||||||||||||||||
Options issued to purchase common stock | 100,000 | 100,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Brett Matus [Member] | ||||||||||||||||||
Options issued to purchase common stock | 200,000 | 200,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Jacob Colvin [Member] | ||||||||||||||||||
Options issued to purchase common stock | 200,000 | 200,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Arnulfo Saucedo-Bardan [Member] | ||||||||||||||||||
Options issued to purchase common stock | 1,000,000 | 1,000,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Shahram Khial [Member] | ||||||||||||||||||
Options issued to purchase common stock | 500,000 | 500,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Kenneth Cornell Bosket [Member] | ||||||||||||||||||
Options issued to purchase common stock | 1,000,000 | 1,000,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Managerial services | 5,000 | |||||||||||||||||
Montse Zaman [Member] | ||||||||||||||||||
Options issued to purchase common stock | 1,000,000 | 1,000,000 | ||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | ||||||||||||||||
Options exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||
Managerial services | $ 5,000 | |||||||||||||||||
Services Agreement [Member] | American Video Teleconferencing Corp (AVOT) [Member] | September 1, 2020 [Member] | ||||||||||||||||||
Restricted shares of common stock | 17,000,000 | |||||||||||||||||
Total compensation | $ 17,000 | |||||||||||||||||
Deferred revenue - related party | 0 | |||||||||||||||||
Stock for related party service rendered | 17,000 | |||||||||||||||||
Accounts Payable Related Parties [Member] | ||||||||||||||||||
Convertible notes payable - related party | $ 19,600 |
STOCK HOLDERS DEFICIT (Details
STOCK HOLDERS DEFICIT (Details Narrative) - USD ($) | 9 Months Ended | ||||
Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Mar. 13, 2020 | Feb. 13, 2020 | |
Common stock shares issued for services | 24,756 | ||||
Options issued to purchase common stock | 12,300,000 | ||||
Common stock, shares authorized | 450,000,000 | 450,000,000 | |||
Preferred stock, shares outstanding | 0 | 0 | |||
Series A Preferred Stock [Member] | |||||
Preferred stock, designated shares | 1,000 | ||||
Preferred stock, shares outstanding | 1,000 | 1,000 | |||
2006 Equity Incentive Plan [Member] | |||||
Options issued to purchase common stock | 3,000,000 | ||||
Common stock, shares authorized | 3,000,000 | ||||
Non-qualified stock warrants [Member] | |||||
Options issued to purchase common stock | 2,000,000 | 1,000,000 | |||
Registration filing cost | $ 1 | $ 1 | |||
Options exercise price | $ 0.60 | $ 0.60 | |||
Third Party [Member] | |||||
Stock payable | 1,286 | ||||
Common stock shares issued for services | 4,099 | ||||
Vinoth Sambandan [Member] | |||||
Shares issued upon settlement of account payable, shares | 11,504 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Net operating loss | $ 738,045 | $ 661,701 |
Net deferred tax asset | 0 | 0 |
Income Tax [Member] | ||
Net operating loss | 738,045 | 661,701 |
Valuation allowance | (738,045) | (661,701) |
Net deferred tax asset | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Dec. 31, 2020 | |
INCOME TAXES | ||
Net operating loss carry forward | $ 3,529,342 | $ 3,150,957 |
Description of expiration of operating loss carryforwards | expire in the year 2032 | |
Corporate tax rate | 21.00% |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | Oct. 08, 2021 | Oct. 07, 2021 | Oct. 25, 2021 |
May 21, 2021 Willy A. Saint-Hilaire note [Member] | |||
Repayments of note payable | $ 100 | ||
09/29/2020 Willy A. Saint-Hilaire note [Member] | |||
Repayments of note payable | $ 11,171 | $ 100 | |
March 12, 2021 Willy A. Saint-Hilaire note [Member] | |||
Repayments of note payable | $ 1,366 | ||
Jamie Hadfield [Member] | |||
Common stock shares sold, share price | $ 0.50 | ||
Common stock shares sold | 400,000 | ||
Common stock shares sold, purchase price | $ 200,000 |