Cover
Cover | 6 Months Ended |
Jun. 30, 2022 | |
Cover [Abstract] | |
Entity Registrant Name | CROWN EQUITY HOLDINGS, INC. |
Entity Central Index Key | 0001103833 |
Document Type | S-3 |
Amendment Flag | false |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Filer Category | Non-accelerated Filer |
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 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Currentassets | |||
Cash | $ 6,618 | $ 4,320 | $ 3,047 |
Investments in trading securities | 31,778 | 588,945 | 180,587 |
Total Current Assets | 38,396 | 593,265 | 183,634 |
Property and Equipment, net | 5,977 | 10,020 | 15,505 |
Total Assets | 44,373 | 603,285 | 199,139 |
Current liabilities | |||
Accounts payable and accrued expenses | 139,663 | 139,979 | 137,793 |
Accounts payable and accrued expenses to related party | 1,029,690 | 830,790 | 444,246 |
Deferred revenue related party | 0 | 11,333 | |
Margin loan - Brokerage account | 0 | 263,151 | 0 |
Notes payable to related parties | 15,300 | 3,912 | 0 |
Convertible notes payable to related parties, net of debt discount | 16,728 | 18,428 | 5,508 |
Current portion of long-term debt | 11,264 | 18,169 | 29,010 |
Total Current Liabilities | 1,212,645 | 1,274,429 | 627,890 |
Non-Current liabilities | |||
Long-term debt | 1,708 | 2,414 | 15,045 |
Total Liabilities | 1,214,353 | 1,276,843 | 642,935 |
Stockholders' deficit | |||
Preferred stock value | 0 | 0 | 0 |
Common Stock, 450,000,000 authorized at $0.001 par value; and 13,346,642 and 13,318,642 shares issued and outstanding at June 30, 2022 and December 31, 2021 | 13,346 | 13,318 | 12,902 |
Stock Payable | 0 | 0 | 3,000 |
Additional paid-in capital | 12,743,962 | 12,729,990 | 12,506,375 |
Accumulated deficit | (13,927,289) | (13,416,867) | (12,966,074) |
Total stockholders' deficit | (1,169,980) | (673,558) | (443,796) |
Total liabilities and stockholders' deficit | 44,373 | 603,285 | 199,139 |
Series A Preferred Stock [Member] | |||
Stockholders' deficit | |||
Preferred stock value | $ 1 | $ 1 | $ 1 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Stockholders' deficit | |||
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 | 20,000,000 |
Preferred Stock, Shares Par Value | $ 0.001 | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 0 | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 | 0 |
Common Stock, Shares Authorized | 450,000,000 | 450,000,000 | 450,000,000 |
Common Stock, Shares Par Value | $ 0.001 | $ 0.001 | $ 0.001 |
Common Stock, Shares Issued | 13,346,642 | 13,318,642 | 12,901,753 |
Common Stock, Shares Outstanding | 13,318,642 | 13,318,642 | 12,901,753 |
Series A Preferred Stock [Member] | |||
Stockholders' deficit | |||
Preferred Stock, Shares Authorized | 1,000 | 1,000 | 1,000 |
Preferred Stock, Shares Par Value | $ 0.001 | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 1,000 | 1,000 | 1,000 |
Preferred Stock, Shares Outstanding | 1,000 | 1,000 | 1,000 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues | ||||||
Revenue | $ 413 | $ 1,345 | $ 557 | $ 4,250 | $ 4,177 | $ 2,848 |
Revenue - related party | 2,150 | 4,250 | 2,150 | 8,075 | 11,483 | 5,100 |
Total Revenues | 2,563 | 5,595 | 2,707 | 12,325 | 15,660 | 7,948 |
Operating expenses | ||||||
General and Administrative | 122,547 | 123,523 | 250,464 | 260,759 | 507,958 | 614,489 |
Depreciation | 2,216 | 1,828 | 4,043 | 3,656 | 5,485 | 25,331 |
Total Operating Expenses | 124,763 | 125,351 | 254,507 | 264,415 | 513,443 | 639,820 |
Net Operating Income (Loss) | (122,200) | (119,756) | (251,800) | (252,090) | (497,783) | (631,872) |
Other (expense) | ||||||
Interest expense | (872) | (2,308) | (1,438) | (3,250) | (5,466) | (7,461) |
Gain on Forgiveness of Debt | 0 | 4,101 | 0 | 4,101 | 4,101 | 0 |
Gain (Loss) on Stocks Held or Sold | (80,717) | 37,601 | (252,568) | 25,548 | 65,168 | 34,022 |
Loss on AP Settlement/Shares for services | 0 | (543,987) | ||||
Investment expense | (2,008) | (17,000) | ||||
Debt Discount Amortization | 0 | 3,572 | 0 | 10,924 | (14,805) | (8,370) |
Other Income (Expense) | (1,095) | (1) | (4,616) | (752) | ||
Total other expense | (82,684) | 35,821 | (258,622) | 14,723 | 46,990 | (542,796) |
Net (loss) | $ (204,884) | $ (83,935) | $ (510,422) | $ (237,367) | $ (450,793) | $ (1,174,015) |
Basic and Diluted income (loss) per share | ||||||
Net (loss) per common share - basic and diluted | $ (0.02) | $ (0.01) | $ (0.04) | $ (0.02) | $ (0.03) | $ (0.09) |
Weighted average number of common shares outstanding - basic and diluted | 13,343,741 | 12,918,229 | 13,333,692 | 12,914,206 | 12,989,835 | 12,428,674 |
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 services, shares | 24,756 | 4,834 | ||||
Common stock issued for services, amount | $ 5,999 | 0 | $ 4 | 0 | 5,995 | 0 |
Common stock issued for services - Related Parties, shares | 156,061 | |||||
Common stock issued for services - Related Parties, amount | 18,757 | 0 | $ 156 | (43,764) | 62,365 | 0 |
Common stock issued for cash, shares | 475,000 | |||||
Common stock issued for cash, amount | 246,500 | 0 | $ 475 | 246,025 | 0 | |
Common Stock Subscribed for services | 3,000 | 0 | $ 0 | 3,000 | ||
Common Stock Subscribed for Salary Settlement, shares | 160,000 | |||||
Common Stock Subscribed for Salary Settlement, amount | 80,000 | 0 | $ 160 | 0 | 79,840 | 0 |
Common stock issued for settlement of AP - Related Parties, shares | 204,933 | |||||
Common stock issued for settlement of AP - Related Parties, amount | 64,024 | 0 | $ 205 | 0 | 63,819 | 0 |
Common stock issued for settlement of AP, shares | 74,000 | |||||
Common stock issued for settlement of AP, amount | 37,000 | 0 | $ 74 | 0 | 36,926 | 0 |
Warrant Subscriptions | 510 | 0 | 0 | 0 | 510 | 0 |
Loss on AP Settlement | 117,000 | 0 | 0 | 0 | 117,000 | 0 |
Loss on AP Settlement - Related Parties | 426,987 | 0 | 0 | 0 | 426,987 | 0 |
Forgiveness of AP by CEO | 7,200 | $ 0 | $ 0 | 0 | 7,200 | |
Debt Conversion - Related Parties, shares | 36,984 | |||||
Debt Conversion - Related Parties, amount | 18,492 | $ 37 | 18,455 | |||
Prepaid Interest - Related Parties, shares | 23,175 | |||||
Prepaid Interest - Related Parties, amount | 23,175 | $ 25 | 23,150 | |||
Net Loss | (1,174,015) | 0 | (1,174,015) | |||
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) |
Common stock issued for services, shares | 4,099 | |||||
Common stock issued for services, amount | 750 | 0 | $ 4 | 3,750 | 4,496 | 0 |
Warrant Subscriptions | 25 | 0 | 0 | 0 | 25 | 0 |
Net Loss | (237,367) | 0 | $ 0 | 0 | 0 | (236,367) |
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 |
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) |
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) |
Common stock issued for services, shares | 3,750 | 5,385 | ||||
Common stock issued for services, amount | $ 3,750 | 0 | $ 5 | 3,000 | 6,745 | 0 |
Common stock issued for settlement of AP - Related Parties, shares | 11,504 | |||||
Common stock issued for settlement of AP - Related Parties, amount | 17,256 | 0 | $ 11 | 0 | 17,245 | 0 |
Warrant Subscriptions | 25 | $ 0 | $ 0 | 0 | 25 | 0 |
Net Loss | (450,793) | 450,793 | ||||
Common stock issued for cash, related party, shares | 400,000 | |||||
Common stock issued for cash, related party, amount | 200,000 | $ 400 | 0 | 199,600 | 0 | |
Balance, shares at Dec. 31, 2021 | 1,000 | 13,318,642 | ||||
Balance, amount at Dec. 31, 2021 | (673,558) | $ 1 | $ 13,318 | 0 | 12,729,990 | (13,416,867) |
Balance, shares at Mar. 31, 2021 | 1,000 | 12,914,543 | ||||
Balance, amount at Mar. 31, 2021 | (576,947) | $ 1 | $ 12,914 | 3,750 | 12,525,894 | (13,119,506) |
Common stock issued for services, shares | 4,099 | |||||
Common stock issued for services, amount | 750 | 0 | $ 4 | 3,750 | 4,496 | 0 |
Net Loss | (83,935) | |||||
Net loss | (236,367) | $ 0 | $ 0 | 0 | 0 | (236,367) |
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) |
Balance, shares at Dec. 31, 2021 | 1,000 | 13,318,642 | ||||
Balance, amount at Dec. 31, 2021 | (673,558) | $ 1 | $ 13,318 | 0 | 12,729,990 | (13,416,867) |
Common stock issued for cash, shares | 28,000 | |||||
Common stock issued for cash, amount | 14,000 | 0 | $ 28 | 0 | 13,972 | 0 |
Net Loss | (510,422) | $ 0 | (510,422) | |||
Balance, shares at Jun. 30, 2022 | 1,000 | 13,346,642 | ||||
Balance, amount at Jun. 30, 2022 | (1,169,980) | $ 1 | $ 13,346 | 0 | 12,743,962 | (13,927,289) |
Balance, shares at Mar. 31, 2022 | 1,000 | 13,338,642 | ||||
Balance, amount at Mar. 31, 2022 | (969,096) | $ 1 | $ 13,318 | 0 | 12,739,970 | (13,722,405) |
Common stock issued for cash, shares | 8,000 | |||||
Common stock issued for cash, amount | 4,000 | 0 | $ 8 | 0 | 3,992 | 0 |
Net Loss | (204,884) | 0 | (204,884) | |||
Rounding | $ 0 | $ 0 | 0 | 0 | ||
Balance, shares at Jun. 30, 2022 | 1,000 | 13,346,642 | ||||
Balance, amount at Jun. 30, 2022 | $ (1,169,980) | $ 1 | $ 13,346 | $ 0 | $ 12,743,962 | $ (13,927,289) |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from operating activities | ||||
Net (loss) | $ (510,422) | $ (237,367) | $ (450,793) | $ (1,174,015) |
Forgiveness of EIDL Advance | $ (4,101) | $ 0 | ||
Common stock issued for services | 3,750 | 24,756 | ||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Common stock issued for Settlement of Board Member Compensation | $ 0 | $ 80,000 | ||
Loss (gain) on brokerage account | (65,168) | (34,022) | ||
Cash transfer | 117,953 | 23,435 | ||
Depreciation | 4,043 | 3,656 | 5,485 | 25,331 |
Loss on AP settlement | 0 | 543,987 | ||
Loss (gain) on brokerage account | 252,568 | (25,548) | ||
Loss on investment | 4,616 | 752 | 2,008 | 17,000 |
Amortization of beneficial conversion feature | 0 | 10,924 | 14,805 | 8,370 |
Gain on forgiveness of debt | 0 | (4,101) | ||
Changes in operating assets and liabilities | ||||
Brokerage account or margin loan | 0 | 34,551 | ||
Deferred revenue - related party | 0 | (8,500) | (11,333) | (5,667) |
Accounts payable and accrued expenses | 19,543 | 54,283 | ||
Accounts payable and accrued expenses - related party | 198,900 | 192,344 | 386,544 | 363,585 |
Accounts payable and accrued expenses | (484) | 17,732 | ||
Net cash(used in) operating activities | (50,779) | (15,557) | 18,693 | (72,957) |
Cash flows from investing activities | ||||
Cash paid for purchase of fixed assets | 0 | (4,597) | ||
Cash paid to brokerage account | (200,000) | (170,000) | ||
Cash (transfer to) withdrawn from brokerage account | 37,000 | 0 | ||
Net cash provided by investing activities | 37,000 | 0 | (200,000) | (174,597) |
Cash flows from financing activities | ||||
Payments on convertible notes payable, related party | 4,812 | 6,794 | (21,292) | (14,122) |
Borrowings from convertible notes payable, related party | 0 | 9,333 | 19,407 | 33,675 |
Borrowings from notes payable, related party | 14,500 | 18,616 | 9,333 | 0 |
Proceeds from Sale of Stock | 14,000 | 0 | 200,000 | 246,500 |
Principal payments on debt | 7,611 | 9,558 | (24,893) | (23,959) |
Proceeds from EIDL loan | 0 | 4,000 | ||
Warrant Subscriptions | 0 | 25 | 25 | 510 |
Shares subscribed for cash | 0 | 3,750 | 0 | 3,000 |
Net cash provided by financing activities | 16,077 | 15,372 | 182,580 | 249,604 |
Net increase (decrease) in cash | 2,298 | (185) | 1,273 | 2,050 |
Cash, beginning of period | 4,320 | 3,047 | 3,047 | 997 |
Cash, end of period | 6,618 | 2,862 | 4,320 | 3,047 |
SUPPLEMENTAL DISCLOSURE: | ||||
Interest paid | 0 | 6,707 | 0 | 0 |
Income taxes paid | 0 | 0 | 0 | 0 |
NONCASH INVESTING AND FINANCING ACTIVITIES: | ||||
RP-AP Converted into common stock | 0 | 17,256 | 17,256 | 64,024 |
Shares issued for stock payable | 0 | 6,750 | 3,000 | 43,764 |
Repayments on Margin loan Brokerage account | $ 263,151 | $ 0 | ||
Forgiveness of AP by CEO | 0 | 7,200 | ||
Purchase of fixed assets through finance lease | 0 | 7,357 | ||
Debt converted to common stock | 0 | 18,492 | ||
Convertible debt for payment of AP | 0 | 17,633 | ||
AP Converted into common stock - Third Party | 0 | 37,000 | ||
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 | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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 online news and information source, as well as a 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 American Video Teleconferencing Corp. (AVOT) the online business iB2BGlobal.com, since it 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. Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ 7,650 $ 7,650 Accounting 2,000 2,000 Click Based and Impressions Ads 247 - 247 115 - 115 Publishing and Distribution 310 150 460 4,560 - 4,560 Server - - - - - - $ 557 $ 2,150 $ 2,707 $ 4,675 $ 7,650 $ 12,325 Revenues was received through provided accounting services, click based and impression ads located on the Company’s websites, as well as from publishing and disseminating press releases. June 30, June 30, 2022 2021 Deferred Revenue $ - $ 2,833 Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed. 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 June 30, 2022 and December 31, 2021. Risk Concentrations The Company does not hold cash in excess of federally insured limits. During the six-month period ending June 30, 2022, 74% of the Company's revenues were from accounting services, of which 100% of the accounting revenue earned were through a related party of the Company, with 17% of the Company's revenues being received through the publishing and distribution of press releases, of which 6% of the publishing and distribution revenue received were also received through a Company related party, and the remaining 9% of the revenue earned was received from the display of click-based and impressions ads on the company's online site. General and Administrative Expenses Crown Equity's general and administrative expenses consisted of the following types of expenses during 2022 and 2021: Compensation expense, auto, travel and entertainment, legal and accounting, utilities, websites, 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 2022 or 2021. Basic and Diluted Net (Loss) per Share Six Months June 30, 2022 Six Months June 30, 2021 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (510,422 ) $ (237,367 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (510,422 ) $ (237,367 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,333,692 12,914,206 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.04 ) $ (0.02 ) Diluted $ (0.04 ) $ (0.02 ) 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 June 30, 2022, and 2021. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended June 30, 2022, 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 2019 and 2020 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 June 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 June 30, 2021 and December 31, 2020: June 30, 2022 Dec 31, 2021 Net operating loss $ 860,447 $ 753,258 Valuation allowance (860,447 ) (753,258 ) 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 June 30, 2022 and December 31, 2021. 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 June 30, 2022 and December 31, 2021. Advertising Cost The Company spent $0 for advertisement for the periods ended June 30, 2022 and 2021. | 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. In 2010, the Company formed two subsidiaries Crown Tele Services, Inc. and CRWE Direct, Inc. Crown Tele Services Inc. will provide voice over IP messaging at a competitive price to other competitors and CRWE Direct will provide its client with direct sales of products. This entity was divested at the end of 2017. In 2011, the Company formed a wholly owned subsidiary CRWE Real Estate Inc. CRWE Real Estate Inc. will hold real estate. CRWE Real Estate Inc., Crown Tele Services, Inc. and CRWE Direct, Inc. were sold in December of 2016 for aggregate consideration of $100, resulting in a gain of $5,967. In 2016, the company sale of the subsidiaries is not considered to be a strategic shift since there were minimal activities during the year in the subsidiaries. Assets - Intercompany - Total Assets sold - Cash 100 Payable assumed by buyer 5,867 Total Consideration 5,967 Gain on sale of subsidiaries 5,967 On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com 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 2016-3, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instructions 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 ASU 2018-07 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 December 31, 2021 December 31, 2020 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ 10,200 $ 10,200 $ - $ 5,100 $ 5,100 Click Based and Impression Ads $ 517 $ - $ 517 $ 456 $ - $ 456 Publishing and Distribution $ 3,660 $ 1,283 $ 4,943 $ 2,392 $ - $ 2,392 $ 4,177 $ 11,483 $ 15,660 $ 2,848 $ 5,100 $ 7,948 Revenue is received through advertising, click based and impression ads located on the Company’s websites, as well as the publishing and disseminating of news and press releases. December 31, December 31, 2021 2020 Deferred Revenue $ - $ 11,333 Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed. 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 December 31, 2021 and 2020. Investments The Company values it trading investments at market value based on the trading price at the balance sheet date. Any gains and losses are recorded in the period the gain or loss occurred. Investments include common stocks, exchange traded funds and money market mutual funds. Equity investments with readily determinable fair values are recorded as Trading Securities at Fair Value on the Balance Sheets. Changes in the fair value of such equity securities are reported in the Statements of Income. Risk Concentrations As of December 31, 2021, 65% of the Company’s revenues were received through advertisements, which 100% of the advertisement revenue was received through a related party. 32% of the revenues were from publishing and distribution by the Company, which 8% of the article publishing and distribution of the revenue were received through a related party. The remaining revenue of 3% was from the displaying of click based and impressions ads located on the company’s websites. Crown Equity Holdings notes that 73% of its revenues comes from a single related party, as well as 14% of the revenue coming from a single third party. In 2020, 64% of the Company’s revenues were received through advertisements, which 100% of the advertisement revenue was received through a related party. The remaining 36% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites, as well as for press releases and article publishing and distribution by the Company. General and Administrative Expenses Crown Equity's general and administrative expenses consisted of the following types of expenses during 2021 and 2021. Compensation expense, payroll expense, rent, 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 December 31, 2021 2020 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (450,793 ) $ (1,174,015 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (450,793 ) $ (1,174,015 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 12,989,835 12,428,674 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 years ended December 31, 2021 and 2020. The number of potential anti-dilutive shares excluded from the calculation shares for the year ended December 31, 2021 is 20,400,000. Income Taxes 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 December 31, 2021 and 2020. Fair Value of Financial Instruments Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”)820 , Fair Value Measurements and Disclosures Financial Instruments An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value. Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active. Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Our cash and brokerage accounts are measured at fair value on a recurring basis and estimated as follows. December 31, 2020 Total Level 1 Level 2 Level 3 Cash $ 3,047 $ 3,047 $ - $ - Investments in trading securities 180,587 180,587 - - Total $ 183,634 $ 183,634 $ - $ - December 31, 2021 Cash $ 4,320 $ 4,320 $ - $ - Investments in trading securities 558,945 558,945 - - Total $ 593,265 $ 593,265 $ - $ - 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 years ended December 31, 2021 and 2021. Advertising Cost The Company spent no money for advertisement for the years ended December 31, 2021 and 2020. Depreciation expense was $5,485 and $25,331 for the years ended December 31, 2021 and 2020, respectively. |
GOING CONCERN
GOING CONCERN | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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 $13,927,290 since its inception and had a working capital deficit of $1,174,250, negative cash flows from operations and limited business operations as of June 30, 2022. 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. | NOTE 2 – GOING CONCERN As shown in the accompanying financial statements, Crown Equity an accumulated deficit of $13,416,867 since its inception and had a working capital deficit of $681,164 negative cash flows from operations and limited business operations as of December 31, 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 | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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 June 30, 2022 and December 31, 2021: June 30, 2022 Dec 31, 2021 Computers – 3 year estimated useful life $ 108,622 108,622 Less – Accumulated Depreciation (102,645 ) (998,602 ) Property and Equipment, net $ 5,977 10,020 Depreciation has been provided over each asset's estimated useful life. Depreciation expense was $4,043, and $3,656 for the six months ended June 30, 2022 and 2021 respectively. | 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 at December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Computers – 3 year estimated useful life $ 108,622 $ 108,622 Less – Accumulated Depreciation (98,602 ) (93,117 ) Property and Equipment, net $ 10,020 $ 15,505 Depreciation has been provided over each asset’s estimated useful life. Depreciation expense was $5,485, and $25,331for the twelve months ended December 31, 2021 and 2020, respectively. |
BROKERAGE ACCOUNT
BROKERAGE ACCOUNT | 6 Months Ended |
Jun. 30, 2022 | |
BROKERAGE ACCOUNT | |
NOTE 4 - BROKERAGE ACCOUNT | NOTE 4 – BROKERAGE ACCOUNT As of June 30, 2022, the market value of the Company's account portfolio was $30,646. During the period ending June 30, 2022, $37,000 was transferred from the brokerage account to operating account. The opening value of the account was $325,794, resulting in losses in portfolio investment as follows: Net loss on investment in securities account for the six months ended June 30, 2022 $ 252,568 Less – Net gain and losses recognized during 2022 on equity securities sold during the period $ 252,568 Unrealized losses recognized during 2022 on equities securities still held at June 30, 2022 $ - |
INVESTMENTS IN TRADING SECURITI
INVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIES | 12 Months Ended |
Dec. 31, 2021 | |
INVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIES | |
INVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIES | NOTE 4 – INVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIES As of December 31, 2021, the market value of the Company’s account portfolio, consisting of stocks only, was $588,945 offset by a margin loan of $263,151. The loan is collateralized by the securities in the account and carries 7.5% annual interest rate. The Company transferred $200,000 cash from accounts to brokerage account during the 3 rd As of December 31, 2020, the market value of the Company’s account portfolio, consisting of stocks only, was $180,587. The Company transferred $170,000 cash from accounts to brokerage account during the 3 rd Trading Securities Dec 31, 2021 Dec 31, 2020 Stocks $ 588,945 $ 180,587 |
FINANCE LEASES
FINANCE LEASES | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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 June 30, 2022 Leased equipment under finance lease, $ 108,622 less accumulated amortization (102,645 ) Net $ 5,977 Liabilities June 30, 2022 Obligations under finance lease (current) $ 11,264 Obligations under finance lease (noncurrent) 1,708 Total $ 12,972 Below is a reconciliation of leases to the financial statements. Finance Leases Leased asset balance $ 5,977 Liability balance 12,972 Cash flow (operating) - Cash flow (financing) - Interest expense $ 1,615 The following is a schedule, by years, of future minimum lease payments required under finance leases. Years ended December 31 Finance Leases 2022 9,866 2023 2,868 Thereafter - Total 12,734 Less: Imputed Interest (599) Total Liability 12,135 Other information related to leases is as follows: Lease Type Weighted Average Remaining Term Weighted Average Discount Rate (1) Finance Leases 0.76 years 16 % Based on average interest rate of 16%, average term remaining (months) 13.67 Average term remain (years) 1.13. (1) This discount rate is consistent with our borrowing rates from various lenders. | NOTE 5 – CAPITAL LEASES During the period ending December 31, 2021, the Company paid an aggregate of $23,772 toward capital lease balances. During 2021 and 2020, the Company borrowed an aggregate $0 and $7,357 respectively under the following third-party finance lease transactions: A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $219. A $1,188 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $42. The following is a schedule of the net book value of the finance lease. Assets December 31, 2021 Leased equipment under finance lease, $ 108,622 less accumulated amortization (98,602 ) Net $ 10,020 Liabilities December 31, 2021 Obligations under finance lease (current) $ 18,169 Obligations under finance lease (noncurrent) 2,414 Total $ 20,583 Below is a reconciliation of leases to the financial statements. Finance Leases Leased asset balance $ 20,583 Liability balance $ 20,583 Cash flow (operating) $ - Cash flow (financing) $ - Interest expense $ 12,680 The following is a schedule, by years, of future minimum lease payments required under finance leases. Years ended December 31 Finance Leases 2022 18,840 2023 3,041 Thereafter - Total 21,881 Less: Imputed Interest (1,298 ) Total Liability 20,583 Other information related to leases is as follows: Lease Type Weighted Average Remaining Term Weighted Average Discount Rate (1) Finance Leases 1.04 years 17 % Based on average interest rate of 1%, average term remaining (months) 12.5 Average term remain (years) 1.04 (1) This discount rate is consistent with our borrowing rates from various lenders. |
NOTES PAYABLE AND CONVERTIBLE N
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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 June 30, 2022, and December 31, 2021, 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 Jun 30, Name Note Date Date Rate Rate 2022 Related Party Notes Payable: Jamie Hadfield 04/07/2022 07/07/2022 12 % $ - 10,000 Willy A Saint-Hilaire 03/12/2021 03/12/2022 16 % $ - 800 Willy A. Saint-Hilaire 02/28/2022 07/28/2022 12 % $ - 4,500 Third Party Convertible Notes Payable: 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 04/21/2022 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2022 12 % $ - 3,500 Willy A Saint-Hilaire 04/30/2021 04/30/2022 15.15 % $ - 2,750 Willy A Saint-Hilaire 05/04/2021 05/04/2022 15.15 % $ - 750 Willy A Saint-Hilaire 05/21/2021 05/21/2022 0 % $ - 4,600 Total Convertible Related Party Notes Payable 16,728 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party 16,728 Willy Ariel Saint-Hilaire 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. The company made principal reduction payments of $5,421, during the year ended period of December 31, 2021. As of March 31, 2022, the balance on this note is $2,012. With the additional payments totaling $1,212, during the second quarter period ending June 30, 2022, the balance on the note is $800 On April 6, 2021, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $2,500 at an interest rate of 12%. As of June 30, 2022, the principal balance on this note was $2,500. On April 16, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $1,518 at an interest rate of 12%. As of June 30, 2022, the principal balance on this note was $1,518. 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%. As of June 30, 2022, the principal balance on this note was $1,110. On April 22, 2021, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500 at an interest rate of 12%. As of June 30, 2022, the principal balance on this note was $3,500. 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%. As of June 30, 2022, the principal balance on this note was $2,750. On May 4, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $750 at an interest rate of 15.15%. As of June 30, 2022, the principal balance on this note was $750. On May 21, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $7,280. As of March 31, 2022, the principal balance on this note was $4,900. With the additional payments totaling $300, during the second quarterly period ending June 30, 2022, the balance on the note is $4,600. On February 28, 2022, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $4,500 at an interest rate of 0 %. As of June 30, 2022, the principal balance on this note was $4,500. Shahram Khial On April 27, 2020, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500. 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. As of June 30, 2022, the balance on this note was $3,500. Jamie Hadfield On April 7, 2022, the Company entered into a promissory note with Jamie Hadfield in the amount of $10,000 at an interest rate of 12% . As of June 30, 2022, the principal balance on this note was $10,000. | NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES As of December 31, 2021 and 2020, the Company had unamortized discount of $0 and $0 respectively. The Company analyzed the below convertible notes for derivatives noting none. The Company evaluated these convertible notes for beneficial conversion features and concluded that the beneficial conversion features resulted in a debt discount in the amount of $14,805, as of December 31, 2021. Original Due Interest Conversion Dec. 31, Name Note Date Date Rate Rate 2021 Related Party Notes Payable: Willy A Saint-Hilaire 03/12/2021 03/12/2022 16 % $ - 3,912 Related Party Convertible Notes Payable: 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 04/21/2022 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2022 12 % $ - 3,500 Willy A Saint-Hilaire 04/30/2021 04/30/2022 15.15 % $ - 2,750 Willy A Saint-Hilaire 05/04/2021 05/04/2022 15.15 % $ - 750 Willy A Saint-Hilaire 05/21/2021 05/21/2022 0 % $ - 6,300 Total Convertible Related Party Notes Payable 18,428 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party - Third Party Non-Convertible Notes Payable: Small Business Administration – EIDL 04/30/2020 04/30/2050 3.75 % $ 4,000 Total Third Party Non-Convertible Notes Payable 4,000 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. 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. $1,000 and $3,000 on August 21, 2020 and October 9, 2020 respectively. The Company made on January 25, 2021 a principal reduction payment of $1,000. As of December 31, 2021, the balance on this note was $0. Willy Ariel Saint-Hilaire 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. The company made principal reduction payments of $5,421, during the year ended period of December 31, 2021. As of December 31, 2021, the balance on this note is $3,912. On April 6, 2021, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $2,500 at an interest rate of 12%. As of December 31, 2021, the principal balance on this note was $2,500. On April 16, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $1,518 at an interest rate of 12%. As of December 31, 2021, the principal balance on this note was $1,518. 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%. As of December 31, 2020, the principal balance on this note was $1,110. On April 22, 2021, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500 at an interest rate of 12%. As of December 31, 2021, the principal balance on this note was $3,500. 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%. As of December 31, 2021, the principal balance on this note was $2,750. On May 4, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $750 at an interest rate of 15.15%. As of December 31, 2021, the principal balance on this note was $750. 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 $980, during the year ended period of December 31, 2021. Shahram Khial On April 27, 2020, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500. 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. As of December 31, 2021, the balance on this note was $3,500. Period ending December 31, 2020 Original Due Interest Conversion Dec 31, Name Note Date Date Rate Rate 2020 Related Party Convertible Notes Payable: Mike Zaman 01/19/2018 01/19/2019 12 % $ 0.50 - Montse Zaman 03/25/2020 03/25/2021 12 % $ - 1,000 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 - 19,913 Total Convertible Related Party Notes Payable 20,913 Less: Debt Discount 14,805 Convertible Notes Payable, net of Discount - Related Party 5,508 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 - Third Party Non-Convertible Notes Payable: Small Business Administration – EIDL 04/30/2020 04/30/2050 3.75 % $ - 4,000 Total Third Party Non-Convertible Notes Payable 4,000 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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 leases 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 2022 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 1,000,000 shares 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 1,000,000 shares 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 500,000shares 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 $ 0.60 $ 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 Jagjit 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 | NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company is obligated for payments under related party notes payable and automobiles 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 1,000,000 shares 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 1,000,000 shares 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. Om January 3, 2021, Marjan Tina and Reno Suwarno 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. 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 $ 0.60 $ 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 Jagjit Dhaliwal 1,000,000 $ 0.60 $ 0.000025 $ 25.00 01/03/2021 Marjan Tina and 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 9,100,000 220.00 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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. The Company is periodically advanced operating funds from related parties with convertible notes payable. During the six months ended June 30, 2022, total convertible notes and not convertible notes from related parties was $16,028 and $15,300, respectively. 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 June 30, 2022, the Company has a balance of $1,029,690 of accounts and accrued expenses payable with related parties. | 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 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 shares of AVOT restricted common stock The Company recognized $5,663 in revenue for the year ending December 31, 2020. The remaining $11,333 in deferred revenue was completed as of December 31, 2021. On January 03, 2021, the Company paid the remaining payable balance due to Montse Zaman of $1,000. On February 09, 2021, American Video Teleconferencing Corp. paid the Company $150 for press release services. On March 12, 2021, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $9,332. The company made principal reduction payments of $5,421, during the year ended period of December 31, 2021. As of December 31, 2021, the balance on this note is $3,912. On April 6, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $2,500. As of December 31, 2021, the principal balance on this note was $2,500. On April 16, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $1,518. As of December 31, 2021, the principal balance on this note was $1,518. 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%. As of December 31, 2021, the principal balance on this note was $1,110. On April 22, 2021, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500. As of December 31, 2021, the principal balance on this note was $3,500. On April 30, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $2,750.00. As of December 31, 2021, the principal balance on this note was $2,750. On May 4, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $750. As of December 31, 2021, the principal balance on this note was $750. 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 $172 amortization expense for the year ended December 31, 2021. The Company has made payments of $980, during the year ended period of December 31, 2021. Shahram Khial On April 27, 2021, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500. 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. As of December 31, 2021, the balance on this note was $3,500. On October 25, 2021, Jamie Hadfield purchased 400,000 shares of common stock at $0.50 per share at purchase price of $200,000. |
STOCK HOLDERS DEFICIT
STOCK HOLDERS DEFICIT | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
NOTE 9 - STOCK HOLDERS' DEFICIT | NOTE 9 – STOCK HOLDERS' DEFICIT Common Stock During the six months ending June 30, 2022, the Company issued the following: · On March 9, 2022, the Company issued 20,000 restricted shares of common stock for a total of $10,000 in cash. The shares were sold at the price of $0.50 per share on the purchase date. · On May 3, 2022, the Company issued 8,000 restricted shares of common stock for a total of $4,000 in cash. The shares were sold at the price of $0.50 per share on the purchase date. On February 13, 2020, the Company granted non-qualified stock options to purchase 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 options to purchase 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 June 30, 2022 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 June 30, 2022, the Company has 1,000 shares of Series A Preferred Stock outstanding. | NOTE 9 – STOCKHOLDERS' EQUITY Common Stock During the period ended December 31, 2021, the Company issued 400,000 shares of common stock for $200,000 in cash to Jamie Hadfield, a related party, for the sale of common shares. The shares were sold at the price of $0.50 per share. During the period ended December 31, 2021, the Company issued 11,504 shares of common stock to Vinoth Sambandan, a related party for services rendered during the period year ended December 31, 2020 for an amount of $17,256. The number of shares issued were based on price of each share on the date issued. During the period ended December 31, 2021, the Company issued 5,385 shares of common stock to Diversified Unlimited, a third party for accounting services rendered during the prior year period ending December 31, 2020 of $3,000 and $3,750 during the period ending December 31, 2021. The number of shares issued were based on price of each share on the date issued. As of December 31, 2020, the Company issued 472,000 shares for $243,500 in cash proceeds for sale of the common shares. The shares were sold at the price of $0.50 per share on the date of the grant. As of December 31, 2020, the Company issued 3,000 shares for $3,000 in cash proceeds for sale of the common shares. The share were sold at the price of $1.00 per share on the date of the grant. During the period ended December 31, 2020, the Company issued 36,984 shares of common stock for the conversion of debt and accrued to interest to Willy A Saint-Hilaire at a conversion rate of fifty cents ($0.50) per share per dollar ($1.00) owed. During the period ended December 31, 2020, the Company issued 140,083 shares of common stock to Vinoth Sambandan for the settlement of the stock payable balance owed through December 31, 2019. During the period ended December 31, 2020, the Company issued 204,933 shares of common stock to Vinoth Sambandan for the settlement of accounts payable balance owed through December 31, 2019. During the period ended December 31, 2020, the Company issued 160,000 shares of common stock to Steven Cantor to for settlement of compensation dispute. During the period ended December 31, 2020, the Company issued 74,000 shares of common stock to third parties for the settlement of accounts payable. During the period ended December 31, 2020, the Company issued 23,175 shares of common stock to Willy A Saint-Hilaire for interest prepayment of Note Payable. During the period ended December 31, 2020, the Company issued 4,934 shares of common stock to third parties for services rendered. During the period ended December 31, 2020, the Company issued 15,978 shares of common stock to Vinoth Sambandan for services rendered. During the period ended December 31, 2020, the Company granted non-qualified stock warrants purchasing up to 3,000,000 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 December 31, 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 December 31, 2021 and December 31, 2020, the Company has 1,000 shares of Series A Preferred Stock outstanding |
INCOME TAXES
INCOME TAXES | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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 June 30, 2022, and December 31, 2021: 2022 2021 Net operating loss $ 860,447 $ 753,258 Valuation allowance (860,447 ) (753,258 ) Net deferred tax asset $ - $ - As of June 30, 2022, and December 31, 2021, the Company's accumulated net operating loss carry forward was approximately $4,097,367 and $3,586,945, 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%. | 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 or 2020. The Company's deferred tax assets consisted of the following as of December 31, 2021 and 2020: 2021 2020 Net operating loss $ 753,258 $ 661,701 Valuation allowance (753,258 ) (661,701 ) Net deferred tax asset $ - $ - As of December 31, 2021 and 2020, the Company's accumulated net operating loss carry forward was approximately $3,586,945 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 | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
SUBSEQUENT EVENTS | ||
NOTE 11 - SUBSEQUENT EVENTS | NOTE 11 – SUBSEQUENT EVENTS The are no subsequent events | |
NOTE 11 - SUBSEQUENT EVENTS | NOTE 11 – SUBSEQUENT EVENTS On March 9, 2022, STAVATTI UAVS, LTD purchased 20,000 restricted shares of common stock at $0.50 per share, for an amount of $10,000. At this time, the hares have not been issued. On February 28, 2022, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $4,500. The note carries 0% interest ad the transaction is recorded as stock payable. |
NATURE OF BUSINESS AND SUMMAR_2
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Policies) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 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 online news and information source, as well as a 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 American Video Teleconferencing Corp. (AVOT) the online business iB2BGlobal.com, since it had not received the shares promised during the original sale. | 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. In 2010, the Company formed two subsidiaries Crown Tele Services, Inc. and CRWE Direct, Inc. Crown Tele Services Inc. will provide voice over IP messaging at a competitive price to other competitors and CRWE Direct will provide its client with direct sales of products. This entity was divested at the end of 2017. In 2011, the Company formed a wholly owned subsidiary CRWE Real Estate Inc. CRWE Real Estate Inc. will hold real estate. CRWE Real Estate Inc., Crown Tele Services, Inc. and CRWE Direct, Inc. were sold in December of 2016 for aggregate consideration of $100, resulting in a gain of $5,967. In 2016, the company sale of the subsidiaries is not considered to be a strategic shift since there were minimal activities during the year in the subsidiaries. Assets - Intercompany - Total Assets sold - Cash 100 Payable assumed by buyer 5,867 Total Consideration 5,967 Gain on sale of subsidiaries 5,967 On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com 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. | 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. | 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. | 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 | In June 2016, the FASB issued ASU 2016-3, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instructions |
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. | 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. | 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. | 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 ASU 2018-07 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. Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ 7,650 $ 7,650 Accounting 2,000 2,000 Click Based and Impressions Ads 247 - 247 115 - 115 Publishing and Distribution 310 150 460 4,560 - 4,560 Server - - - - - - $ 557 $ 2,150 $ 2,707 $ 4,675 $ 7,650 $ 12,325 Revenues was received through provided accounting services, click based and impression ads located on the Company’s websites, as well as from publishing and disseminating press releases. June 30, June 30, 2022 2021 Deferred Revenue $ - $ 2,833 Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed. | 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 December 31, 2021 December 31, 2020 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ 10,200 $ 10,200 $ - $ 5,100 $ 5,100 Click Based and Impression Ads $ 517 $ - $ 517 $ 456 $ - $ 456 Publishing and Distribution $ 3,660 $ 1,283 $ 4,943 $ 2,392 $ - $ 2,392 $ 4,177 $ 11,483 $ 15,660 $ 2,848 $ 5,100 $ 7,948 Revenue is received through advertising, click based and impression ads located on the Company’s websites, as well as the publishing and disseminating of news and press releases. December 31, December 31, 2021 2020 Deferred Revenue $ - $ 11,333 Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed. |
Investments | The Company values it trading investments at market value based on the trading price at the balance sheet date. Any gains and losses are recorded in the period the gain or loss occurred. Investments include common stocks, exchange traded funds and money market mutual funds. Equity investments with readily determinable fair values are recorded as Trading Securities at Fair Value on the Balance Sheets. Changes in the fair value of such equity securities are reported in the Statements of Income. | |
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 June 30, 2022 and December 31, 2021. | 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 December 31, 2021 and 2020. |
Risk Concentrations | The Company does not hold cash in excess of federally insured limits. During the six-month period ending June 30, 2022, 74% of the Company's revenues were from accounting services, of which 100% of the accounting revenue earned were through a related party of the Company, with 17% of the Company's revenues being received through the publishing and distribution of press releases, of which 6% of the publishing and distribution revenue received were also received through a Company related party, and the remaining 9% of the revenue earned was received from the display of click-based and impressions ads on the company's online site. | As of December 31, 2021, 65% of the Company’s revenues were received through advertisements, which 100% of the advertisement revenue was received through a related party. 32% of the revenues were from publishing and distribution by the Company, which 8% of the article publishing and distribution of the revenue were received through a related party. The remaining revenue of 3% was from the displaying of click based and impressions ads located on the company’s websites. Crown Equity Holdings notes that 73% of its revenues comes from a single related party, as well as 14% of the revenue coming from a single third party. In 2020, 64% of the Company’s revenues were received through advertisements, which 100% of the advertisement revenue was received through a related party. The remaining 36% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites, as well as for press releases and article publishing and distribution by the Company. |
General And Administrative Expenses | Crown Equity's general and administrative expenses consisted of the following types of expenses during 2022 and 2021: Compensation expense, auto, travel and entertainment, legal and accounting, utilities, websites, office expenses, depreciation and other administrative related expenses. | Crown Equity's general and administrative expenses consisted of the following types of expenses during 2021 and 2021. Compensation expense, payroll expense, rent, 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. | 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 2022 or 2021. | 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 | Six Months June 30, 2022 Six Months June 30, 2021 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (510,422 ) $ (237,367 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (510,422 ) $ (237,367 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,333,692 12,914,206 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.04 ) $ (0.02 ) Diluted $ (0.04 ) $ (0.02 ) 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 June 30, 2022, and 2021. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended June 30, 2022, is 21,401,000. | December 31, 2021 2020 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (450,793 ) $ (1,174,015 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (450,793 ) $ (1,174,015 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 12,989,835 12,428,674 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 years ended December 31, 2021 and 2020. The number of potential anti-dilutive shares excluded from the calculation shares for the year ended December 31, 2021 is 20,400,000. |
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 2019 and 2020 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 June 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 June 30, 2021 and December 31, 2020: June 30, 2022 Dec 31, 2021 Net operating loss $ 860,447 $ 753,258 Valuation allowance (860,447 ) (753,258 ) 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 June 30, 2022 and December 31, 2021. | 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 December 31, 2021 and 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. | Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”)820 , Fair Value Measurements and Disclosures Financial Instruments An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value. Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active. Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Our cash and brokerage accounts are measured at fair value on a recurring basis and estimated as follows. December 31, 2020 Total Level 1 Level 2 Level 3 Cash $ 3,047 $ 3,047 $ - $ - Investments in trading securities 180,587 180,587 - - Total $ 183,634 $ 183,634 $ - $ - December 31, 2021 Cash $ 4,320 $ 4,320 $ - $ - Investments in trading securities 558,945 558,945 - - Total $ 593,265 $ 593,265 $ - $ - 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 June 30, 2022 and December 31, 2021. | The Company spent no money for research and development cost for the years ended December 31, 2021 and 2021. |
Advertising Cost | The Company spent $0 for advertisement for the periods ended June 30, 2022 and 2021. | The Company spent no money for advertisement for the years ended December 31, 2021 and 2020. Depreciation expense was $5,485 and $25,331 for the years ended December 31, 2021 and 2020, respectively. |
NATURE OF BUSINESS AND SUMMAR_3
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||
Schedule Of Sales Recognized | Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ 7,650 $ 7,650 Accounting 2,000 2,000 Click Based and Impressions Ads 247 - 247 115 - 115 Publishing and Distribution 310 150 460 4,560 - 4,560 Server - - - - - - $ 557 $ 2,150 $ 2,707 $ 4,675 $ 7,650 $ 12,325 | December 31, 2021 December 31, 2020 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ 10,200 $ 10,200 $ - $ 5,100 $ 5,100 Click Based and Impression Ads $ 517 $ - $ 517 $ 456 $ - $ 456 Publishing and Distribution $ 3,660 $ 1,283 $ 4,943 $ 2,392 $ - $ 2,392 $ 4,177 $ 11,483 $ 15,660 $ 2,848 $ 5,100 $ 7,948 |
Schedule Of Deferred Revenue | June 30, June 30, 2022 2021 Deferred Revenue $ - $ 2,833 | December 31, December 31, 2021 2020 Deferred Revenue $ - $ 11,333 |
Schedule Of Basic And Diluted Net (Loss) Per Share | Six Months June 30, 2022 Six Months June 30, 2021 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (510,422 ) $ (237,367 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (510,422 ) $ (237,367 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,333,692 12,914,206 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.04 ) $ (0.02 ) Diluted $ (0.04 ) $ (0.02 ) | December 31, 2021 2020 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (450,793 ) $ (1,174,015 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (450,793 ) $ (1,174,015 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 12,989,835 12,428,674 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 | June 30, 2022 Dec 31, 2021 Net operating loss $ 860,447 $ 753,258 Valuation allowance (860,447 ) (753,258 ) Net deferred tax asset - - | December 31, 2020 Total Level 1 Level 2 Level 3 Cash $ 3,047 $ 3,047 $ - $ - Investments in trading securities 180,587 180,587 - - Total $ 183,634 $ 183,634 $ - $ - December 31, 2021 Cash $ 4,320 $ 4,320 $ - $ - Investments in trading securities 558,945 558,945 - - Total $ 593,265 $ 593,265 $ - $ - |
Schedule of gain on sale of subsidiary | Assets - Intercompany - Total Assets sold - Cash 100 Payable assumed by buyer 5,867 Total Consideration 5,967 Gain on sale of subsidiaries 5,967 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
PROPERTY AND EQUIPMENT | ||
Schedule Of Property Plant And Equipment | June 30, 2022 Dec 31, 2021 Computers – 3 year estimated useful life $ 108,622 108,622 Less – Accumulated Depreciation (102,645 ) (998,602 ) Property and Equipment, net $ 5,977 10,020 | December 31, 2021 December 31, 2020 Computers – 3 year estimated useful life $ 108,622 $ 108,622 Less – Accumulated Depreciation (98,602 ) (93,117 ) Property and Equipment, net $ 10,020 $ 15,505 |
BROKERAGE ACCOUNT (Table)
BROKERAGE ACCOUNT (Table) | 6 Months Ended |
Jun. 30, 2022 | |
BROKERAGE ACCOUNT | |
Summary of Brokerge Account | Net loss on investment in securities account for the six months ended June 30, 2022 $ 252,568 Less – Net gain and losses recognized during 2022 on equity securities sold during the period $ 252,568 Unrealized losses recognized during 2022 on equities securities still held at June 30, 2022 $ - |
INVESTMENTS IN TRADING SECURI_2
INVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
INCOME TAXES | |
Schedule of Trading Securities | Trading Securities Dec 31, 2021 Dec 31, 2020 Stocks $ 588,945 $ 180,587 |
FINANCE LEASES (Tables)
FINANCE LEASES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
FINANCE LEASES | ||
Schedule Of The Net Book Value Of The Finance Lease | Assets June 30, 2022 Leased equipment under finance lease, $ 108,622 less accumulated amortization (102,645 ) Net $ 5,977 Liabilities June 30, 2022 Obligations under finance lease (current) $ 11,264 Obligations under finance lease (noncurrent) 1,708 Total $ 12,972 | Assets December 31, 2021 Leased equipment under finance lease, $ 108,622 less accumulated amortization (98,602 ) Net $ 10,020 Liabilities December 31, 2021 Obligations under finance lease (current) $ 18,169 Obligations under finance lease (noncurrent) 2,414 Total $ 20,583 |
Schedule Of Reconciliation Of Leases | Finance Leases Leased asset balance $ 5,977 Liability balance 12,972 Cash flow (operating) - Cash flow (financing) - Interest expense $ 1,615 | Finance Leases Leased asset balance $ 20,583 Liability balance $ 20,583 Cash flow (operating) $ - Cash flow (financing) $ - Interest expense $ 12,680 |
Schedule Of Future Minimum Lease Payments | Years ended December 31 Finance Leases 2022 9,866 2023 2,868 Thereafter - Total 12,734 Less: Imputed Interest (599) Total Liability 12,135 | Years ended December 31 Finance Leases 2022 18,840 2023 3,041 Thereafter - Total 21,881 Less: Imputed Interest (1,298 ) Total Liability 20,583 |
Schedule Of Other Information Related To Leases | Lease Type Weighted Average Remaining Term Weighted Average Discount Rate (1) Finance Leases 0.76 years 16 % | Lease Type Weighted Average Remaining Term Weighted Average Discount Rate (1) Finance Leases 1.04 years 17 % |
NOTES PAYABLE AND CONVERTIBLE_2
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | ||
Schedule Of Convertible Notes Payable | Original Due Interest Conversion Jun 30, Name Note Date Date Rate Rate 2022 Related Party Notes Payable: Jamie Hadfield 04/07/2022 07/07/2022 12 % $ - 10,000 Willy A Saint-Hilaire 03/12/2021 03/12/2022 16 % $ - 800 Willy A. Saint-Hilaire 02/28/2022 07/28/2022 12 % $ - 4,500 Third Party Convertible Notes Payable: 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 04/21/2022 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2022 12 % $ - 3,500 Willy A Saint-Hilaire 04/30/2021 04/30/2022 15.15 % $ - 2,750 Willy A Saint-Hilaire 05/04/2021 05/04/2022 15.15 % $ - 750 Willy A Saint-Hilaire 05/21/2021 05/21/2022 0 % $ - 4,600 Total Convertible Related Party Notes Payable 16,728 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party 16,728 | Original Due Interest Conversion Dec. 31, Name Note Date Date Rate Rate 2021 Related Party Notes Payable: Willy A Saint-Hilaire 03/12/2021 03/12/2022 16 % $ - 3,912 Related Party Convertible Notes Payable: 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 04/21/2022 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2022 12 % $ - 3,500 Willy A Saint-Hilaire 04/30/2021 04/30/2022 15.15 % $ - 2,750 Willy A Saint-Hilaire 05/04/2021 05/04/2022 15.15 % $ - 750 Willy A Saint-Hilaire 05/21/2021 05/21/2022 0 % $ - 6,300 Total Convertible Related Party Notes Payable 18,428 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party - Third Party Non-Convertible Notes Payable: Small Business Administration – EIDL 04/30/2020 04/30/2050 3.75 % $ 4,000 Total Third Party Non-Convertible Notes Payable 4,000 Original Due Interest Conversion Dec 31, Name Note Date Date Rate Rate 2020 Related Party Convertible Notes Payable: Mike Zaman 01/19/2018 01/19/2019 12 % $ 0.50 - Montse Zaman 03/25/2020 03/25/2021 12 % $ - 1,000 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 - 19,913 Total Convertible Related Party Notes Payable 20,913 Less: Debt Discount 14,805 Convertible Notes Payable, net of Discount - Related Party 5,508 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 - Third Party Non-Convertible Notes Payable: Small Business Administration – EIDL 04/30/2020 04/30/2050 3.75 % $ - 4,000 Total Third Party Non-Convertible Notes Payable 4,000 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
BROKERAGE ACCOUNT | ||
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 $ 0.60 $ 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 Jagjit 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 | 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 $ 0.60 $ 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 Jagjit Dhaliwal 1,000,000 $ 0.60 $ 0.000025 $ 25.00 01/03/2021 Marjan Tina and 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 9,100,000 220.00 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
INCOME TAXES | ||
Schedule Of Deferred Tax Assets | 2022 2021 Net operating loss $ 860,447 $ 753,258 Valuation allowance (860,447 ) (753,258 ) Net deferred tax asset $ - $ - | 2021 2020 Net operating loss $ 753,258 $ 661,701 Valuation allowance (753,258 ) (661,701 ) Net deferred tax asset $ - $ - |
NATURE OF BUSINESS AND SUMMAR_4
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accounting | $ 2,000 | |||
Advertising | 0 | $ 7,650 | $ 10,200 | $ 5,100 |
Click Based and Impressions Ads | 247 | 115 | 517 | 456 |
Publishing and Distribution | 460 | 4,560 | 4,943 | 2,392 |
Total sales | 2,707 | 12,325 | 15,660 | 7,948 |
Related Party [Member] | ||||
Server | 0 | 0 | ||
Accounting | 2,000 | |||
Click Based and Impressions Ads | 0 | 0 | 0 | 0 |
Publishing and Distribution | 150 | 0 | 1,283 | 0 |
Total sales | 2,150 | 7,650 | 11,483 | 5,100 |
Advertising | 0 | 7,650 | ||
Third Party [Member] | ||||
Server | 0 | 0 | ||
Click Based and Impressions Ads | 247 | 115 | 517 | 456 |
Publishing and Distribution | 310 | 4,560 | 3,660 | 2,392 |
Total sales | 557 | 4,675 | $ 4,177 | $ 2,848 |
Advertising | $ 0 | $ 0 |
NATURE OF BUSINESS AND SUMMAR_5
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||||
Deferred Revenue | $ 0 | $ 2,833 | $ 0 | $ 11,333 |
NATURE OF BUSINESS AND SUMMAR_6
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 2) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||||
Net (loss) Attributable To Common Shareholders Of Crown Equity Holdings, Inc. | $ (510,422) | $ (237,367) | $ (450,793) | $ (1,174,015) |
Net (loss) Attributable To Crown Equity Holdings, Inc. | $ (510,422) | $ (237,367) | $ (450,793) | $ (1,174,015) |
Weighted Average Common And Common Equivalent Shares Outstanding - Basic And Diluted | 13,333,692 | 12,914,206 | 12,989,835 | 12,428,674 |
Basic | $ (0.04) | $ (0.02) | $ (0.03) | $ (0.09) |
Diluted | $ (0.04) | $ (0.02) | $ (0.03) | $ (0.09) |
NATURE OF BUSINESS AND SUMMAR_7
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 3) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||
Net Operating Loss | $ 860,447 | $ 753,258 |
Valuation Allowance | (860,447) | (753,258) |
Net Deferred Tax Asset | $ 0 | $ 0 |
NATURE OF BUSINESS AND SUMMAR_8
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 4) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Assets | $ 44,373 | $ 603,285 | $ 199,139 |
Cash | $ 6,618 | 4,320 | $ 3,047 |
CRWE Real Estate Inc. [Member] | 2016 [Member] | |||
Assets | 0 | ||
Intercompany | 0 | ||
Total Assets sold | 0 | ||
Cash | 100 | ||
Payable assumed by buyer | 5,867 | ||
Total Consideration | 5,967 | ||
Gain on sale of subsidiaries | $ 5,967 |
NATURE OF BUSINESS AND SUMMAR_9
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 5) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Cash | $ 6,618 | $ 4,320 | $ 3,047 |
Investments in trading securities | 558,945 | 180,587 | |
Total | 593,265 | 183,634 | |
Level 3 [Member] | |||
Cash | 0 | 0 | |
Investments in trading securities | 0 | 0 | |
Total | 0 | 0 | |
Level 2 [Member] | |||
Cash | 0 | 0 | |
Investments in trading securities | 0 | 0 | |
Total | 0 | 0 | |
Level 1 [Member] | |||
Cash | 4,320 | 3,047 | |
Investments in trading securities | 558,945 | 180,587 | |
Total | $ 593,265 | $ 183,634 |
NATURE OF BUSINESS AND SUMMA_10
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Risk Concentrations description | As of December 31, 2021, 65% of the Company’s revenues were received through advertisements, which 100% of the advertisement revenue was received through a related party. 32% of the revenues were from publishing and distribution by the Company, which 8% of the article publishing and distribution of the revenue were received through a related party. The remaining revenue of 3% was from the displaying of click based and impressions ads located on the company’s websites | |||||
Number of anti-dilutive shares excluded | 20,400,000 | |||||
Depreciation expense | $ 2,216 | $ 1,828 | $ 4,043 | $ 3,656 | $ 5,485 | $ 25,331 |
Click Based And Impressions Ads [Member] | ||||||
Percentage of revenues received | 36% | |||||
Managed Information Technology Services [Member] | ||||||
Percentage of revenues received | 64% | |||||
CRWE Real Estate Inc. [Member] | 2016 [Member] | ||||||
Gain on sale of subsidiaries | 5,967 | |||||
Aggregate consideration | $ 100 |
NATURE OF BUSINESS AND SUMMA_11
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details Narrative 1) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||||
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% | |||
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 with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of June 30, 2022 and December 31, 2021 | |||
Advertisement Expenses | $ 0 | $ 7,650 | $ 10,200 | $ 5,100 |
Revenues were from accounting services | 74% | |||
Accounting revenue earned were through a related party | 100% | |||
Revenues being received through the publishing and distribution | 17% | |||
Revenue earned was received from the display of click-based | 6% | |||
Number Of Anti-dilutive Shares Excluded | 21,401,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
GOING CONCERN | |||
Accumulated Deficit | $ (13,927,290) | ||
Working Capital Deficit | (1,174,250) | $ (681,164) | |
Accumulated deficit | $ (13,927,289) | $ (13,416,867) | $ (12,966,074) |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
PROPERTY AND EQUIPMENT | |||
Computers - 3 Year Estimated Useful Life | $ 108,622 | $ 108,622 | $ 108,622 |
Less - Accumulated Depreciation | (102,645) | 98,602 | 93,117 |
Property And Equipment, Net | 5,977 | 10,020 | 15,505 |
Less - Accumulated Depreciation | $ 102,645 | $ (98,602) | $ (93,117) |
PROPERTY AND EQUIPMENT (Detai_2
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Depreciation | $ 2,216 | $ 1,828 | $ 4,043 | $ 3,656 | $ 5,485 | $ 25,331 |
Capitalized Property | $ 1,000 | $ 1,000 | $ 1,000 | |||
Minimum [Member] | ||||||
Useful Life | 3 years | 3 years | ||||
Maximum [Member] | ||||||
Useful Life | 7 years | 7 years |
BROKERAGE ACCOUNTS (Details)
BROKERAGE ACCOUNTS (Details) | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
BROKERAGE ACCOUNT | |
Net loss on investment in securities account for the six months ended June 30, 2022 | $ 252,568 |
Less - Net gain and losses recognized during 2022 on equity securities sold during the period | 252,568 |
Unrealized losses recognized during 2022 on equities securities still held at June 30, 2022 | $ 0 |
BROKERAGE ACCOUNTS (Details Nar
BROKERAGE ACCOUNTS (Details Narrative) | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
BROKERAGE ACCOUNT | |
Market value of the Company's account portfolio | $ 30,646 |
Transfer from the brokerage account to operating account | 37,000 |
Opening value of Brokerage Account | $ 325,794 |
INVESTMENTS IN TRADING SECURI_3
INVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIES (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Stocks | $ 31,778 | $ 588,945 | $ 180,587 |
Trading Securities [Member] | |||
Stocks | $ 588,945 | $ 180,587 |
INVESTMENTS IN TRADING SECURI_4
INVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIES (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2022 | |
INVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIESINVESTMENTS IN TRADING SECURITIES (Details) | |||||
Consisting of stocks | $ 588,945 | $ 180,587 | $ 31,778 | ||
Offset margin loan | $ 263,151 | ||||
Collateralized securities annual interest, rate | 7.50% | ||||
Cash transferred from accounts to brokerage account | $ 200,000 | $ 170,000 | |||
Margin loan interest | $ 1,257 | ||||
Realized net gain of investments | 34,022 | ||||
Investment expense | $ 17,000 |
FINANCE LEASES (Details)
FINANCE LEASES (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2020 |
GOING CONCERN | ||
Leased Equipment Under Finance Lease | $ 108,622 | $ 108,622 |
Less Accumulated Amortization | (102,645) | (98,602) |
Net | 5,977 | |
Obligations Under Finance Lease (current) | 11,264 | 18,169 |
Obligations Under Finance Lease (noncurrent) | 1,708 | 2,414 |
Total | $ 12,972 | |
Assets | ||
Net | 10,020 | |
Liabilities | ||
Total | $ 20,583 |
FINANCE LEASES (Details 1)
FINANCE LEASES (Details 1) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Liability Balance | $ 1,708 | $ 2,414 | |
Finance Leases [Member] | |||
Cash Flow (operating) | 0 | $ 0 | |
Leased Asset Balance | 5,977 | 20,583 | |
Liability Balance | 12,972 | ||
Cash Flow (financing) | 0 | 0 | |
Interest Expense | 1,615 | 12,680 | |
Leased asset balance | $ 5,977 | 20,583 | |
Liability balance | $ 20,583 |
FINANCE LEASES (Details 2)
FINANCE LEASES (Details 2) - Finance Leases [Member] - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
2022 | $ 9,866 | $ 18,840 |
2023 | 2,868 | 3,041 |
Thereafter | 0 | 0 |
Total | 12,734 | 21,881 |
Less: Imputed Interest | (599) | (1,298) |
Total Liability | $ 12,135 | $ 20,583 |
FINANCE LEASES (Details 3)
FINANCE LEASES (Details 3) - Finance Leases [Member] | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Weighted Average Remaining Term | 9 months 3 days | 1 year 14 days |
Weighted Average Discount Rate | 16% | 17% |
FINANCE LEASES (Details Narrati
FINANCE LEASES (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Related Party, Borrowed Finance Lease | $ 0 | $ 7,357 | $ 9,985 | |
Capital Lease Description | Based on average interest rate of 16%, average term remaining (months) 13.67 Average term remain (years) 1.13. | Based on average interest rate of 1%, average term remaining (months) 12.5 Average term remain (years) 1.04 | ||
Lease Bargain Purchase Option | $ 1 | |||
Payment on notes payable | $ 23,772 | |||
Note Payable | 0 | |||
Capital Lease [Member] | Third Party 1 [Member] | ||||
Note Payable | $ 1,188 | |||
Interest Rate | 16.60% | |||
Monthly Payments | $ 42 | |||
Amortization period | 36 years | |||
Capital Lease [Member] | Third Party [Member] | ||||
Note Payable | $ 9,985 | $ 6,168 | ||
Interest Rate | 22% | 16.60% | ||
Amortization Period | 24 | |||
Monthly Payments | $ 520 | $ 219 | ||
Other Payments | 498 | |||
Payment For Management Fee | $ 22 | |||
Amortization period | 36 years |
NOTES PAYABLE AND CONVERTIBLE_3
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Convertible Notes Payable, Net Of Discount - Related Party | $ 15,300 | $ 3,912 | $ 0 |
Mike Zaman [Member] | |||
Original Note Date | May 01, 2020 | May 01, 2020 | |
Shahram Khial [Member] | |||
Original Note Date | Apr. 28, 2020 | Apr. 28, 2020 | |
Montse Zaman [Member] | |||
Original Note Date | May 01, 2020 | May 01, 2020 | |
Willy A. Saint-Hilaire [Member] | |||
Original Note Date | Mar. 13, 2020 | Mar. 13, 2020 | |
Convertible Notes Payable [Member] | |||
Convertible Notes Payable, Net Of Discount - Related Party | $ 16,028 | ||
Convertible Notes Payable [Member] | Mike Zaman [Member] | |||
Note payable | $ 0 | ||
Original Note Date | Jan. 19, 2018 | ||
Interest Rate | 12% | ||
Conversion Rate | $ 0.50 | ||
Due Date | Jan. 19, 2019 | ||
Convertible Notes Payable [Member] | Shahram Khial [Member] | |||
Note payable | $ 3,500 | ||
Original Note Date | Apr. 22, 2021 | ||
Interest Rate | 12% | ||
Conversion Rate | $ 0 | ||
Due Date | Apr. 22, 2022 | ||
Convertible Notes Payable [Member] | Montse Zaman One [Member] | |||
Note payable | $ 0 | ||
Original Note Date | Apr. 28, 2020 | ||
Interest Rate | 12% | ||
Conversion Rate | $ 0 | ||
Due Date | Apr. 28, 2021 | ||
Convertible Notes Payable [Member] | Montse Zaman Two [Member] | |||
Note payable | $ 0 | ||
Original Note Date | May 22, 2020 | ||
Interest Rate | 12% | ||
Conversion Rate | $ 0 | ||
Due Date | May 22, 2021 | ||
Convertible Notes Payable [Member] | Total Third Party Non-Convertible Notes Payable[Member] | |||
Note payable | $ 4,000 | $ 4,000 | |
Convertible Notes Payable [Member] | Small Business Administration - EIDL [Member] | |||
Note payable | $ 4,000 | $ 4,000 | |
Original Note Date | Apr. 30, 2020 | Apr. 30, 2020 | |
Interest Rate | 3.75% | 3.75% | |
Conversion Rate | $ 0 | $ 0 | |
Due Date | Apr. 30, 2050 | Apr. 30, 2050 | |
Convertible Notes Payable [Member] | Montse Zaman [Member] | |||
Note payable | $ 1,000 | ||
Original Note Date | Mar. 25, 2020 | ||
Interest Rate | 12% | ||
Conversion Rate | $ 0 | ||
Due Date | Mar. 25, 2021 | ||
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member] | |||
Note payable | $ 2,500 | $ 2,500 | $ 19,913 |
Original Note Date | Apr. 06, 2021 | Apr. 06, 2021 | Sep. 29, 2020 |
Interest Rate | 12% | 12% | |
Conversion Rate | $ 0 | $ 0 | |
Due Date | Apr. 06, 2022 | Mar. 12, 2022 | Sep. 29, 2021 |
Convertible Notes Payable [Member] | Related Party [Member] | |||
Total Convertible Related Party Notes Payable | $ 16,728 | $ 18,428 | $ 20,913 |
Less: Debt Discount | 0 | 0 | 14,805 |
Convertible Notes Payable, Net Of Discount - Related Party | 16,728 | $ 0 | $ 5,508 |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 1 [Member] | |||
Note payable | $ 1,518 | ||
Original Note Date | Apr. 16, 2021 | Apr. 16, 2021 | Feb. 27, 2020 |
Interest Rate | 12% | 12% | 12% |
Conversion Rate | $ 0 | $ 0 | $ 0 |
Due Date | Apr. 16, 2022 | Apr. 16, 2022 | Feb. 27, 2021 |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 2 [Member] | |||
Note payable | $ 1,110 | ||
Original Note Date | Apr. 21, 2021 | Apr. 21, 2021 | Mar. 08, 2020 |
Interest Rate | 12% | 12% | 12% |
Conversion Rate | $ 0 | $ 0 | $ 0 |
Due Date | Apr. 21, 2022 | Apr. 21, 2022 | Mar. 08, 2021 |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 3 [Member] | |||
Note payable | $ 2,750 | ||
Original Note Date | Apr. 30, 2021 | Apr. 30, 2021 | Mar. 24, 2020 |
Interest Rate | 15.15% | 15.15% | 12% |
Conversion Rate | $ 0 | $ 0 | $ 0 |
Due Date | Apr. 30, 2022 | Apr. 30, 2022 | Mar. 24, 2021 |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 4 [Member] | |||
Note payable | $ 750 | ||
Original Note Date | May 04, 2021 | May 04, 2021 | Mar. 24, 2020 |
Interest Rate | 15.15% | 15.15% | 12% |
Conversion Rate | $ 0 | ||
Due Date | May 04, 2022 | May 04, 2022 | Mar. 24, 2021 |
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 5 [Member] | |||
Note payable | $ 4,600 | ||
Original Note Date | May 21, 2021 | May 21, 2021 | Mar. 24, 2020 |
Interest Rate | 0% | 0% | 12% |
Conversion Rate | $ 0 | $ 0 | $ 0 |
Due Date | May 21, 2022 | May 21, 2022 | Mar. 24, 2021 |
Related Party Notes Payable [Member] | Willy A. Saint-Hilaire [Member] | |||
Note payable | $ 800 | ||
Original Note Date | Mar. 12, 2021 | Mar. 12, 2021 | |
Interest Rate | 16% | 16% | |
Conversion Rate | $ 0 | $ 0 | |
Due Date | Mar. 12, 2022 | Mar. 12, 2022 | |
Related Party Notes Payable [Member] | Willy A. Saint-Hilaire 1 [Member] | |||
Note payable | $ 4,500 | ||
Original Note Date | Feb. 28, 2022 | ||
Interest Rate | 12% | ||
Conversion Rate | $ 0 | ||
Due Date | Jul. 28, 2022 | ||
Related Party Notes Payable [Member] | Jamie Hadfield [Member] | |||
Note payable | $ 10,000 | ||
Original Note Date | Apr. 07, 2022 | ||
Interest Rate | 12% | ||
Conversion Rate | $ 0 | ||
Due Date | Jul. 07, 2022 |
NOTES PAYABLE AND CONVERTIBLE_4
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details Narrative) - USD ($) | 1 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||
May 21, 2021 | Apr. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Apr. 27, 2022 | Apr. 07, 2022 | Feb. 28, 2022 | May 04, 2021 | Apr. 22, 2021 | Apr. 21, 2021 | Apr. 16, 2021 | Apr. 06, 2021 | Mar. 12, 2021 | Jan. 25, 2021 | Apr. 27, 2020 | Mar. 27, 2020 | |
EIDL loan | $ 4,000 | |||||||||||||||||
Unamortized Discount | $ 0 | 0 | ||||||||||||||||
Gain on loan | 4,101 | |||||||||||||||||
Unamortized discount | 0 | $ 0 | ||||||||||||||||
Note payable | 0 | |||||||||||||||||
Pricipal balance | 0 | $ 1,518 | $ 2,500 | |||||||||||||||
Payments on convertible notes payable, related party | 4,812 | $ 6,794 | (21,292) | (14,122) | ||||||||||||||
Payment Four [Member] | ||||||||||||||||||
Principal payments paid | 200 | |||||||||||||||||
Payment One [Member] | ||||||||||||||||||
Principal payments paid | 980 | 1,000 | ||||||||||||||||
Payment Two [Member] | ||||||||||||||||||
Principal payments paid | 3,000 | |||||||||||||||||
Payment Three [Member] | ||||||||||||||||||
Principal payments paid | 1,000 | |||||||||||||||||
Convertible Notes Payable [Member] | Montse Zaman One [Member] | ||||||||||||||||||
Note payable | 0 | |||||||||||||||||
Convertible Notes Payable [Member] | Montse Zaman Two [Member] | ||||||||||||||||||
Note payable | 0 | |||||||||||||||||
Convertible Notes Payable [Member] | Shahram Khial [Member] | ||||||||||||||||||
Note payable | $ 3,500 | $ 3,500 | $ 3,500 | |||||||||||||||
Pricipal balance | 3,500 | 3,500 | $ 3,500 | |||||||||||||||
Interest rate | 12% | 12% | 12% | |||||||||||||||
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member] | ||||||||||||||||||
Note payable | 2,012 | $ 9,332 | ||||||||||||||||
Note Payable addition | 1,212 | |||||||||||||||||
Balance | 800 | |||||||||||||||||
Interest rate | 16% | |||||||||||||||||
Monthly installments | 3,912 | $ 5,421 | ||||||||||||||||
Convertible Notes Payable [Member] | Related Party [Member] | ||||||||||||||||||
Debt Discount | 0 | 0 | 14,805 | |||||||||||||||
Convertible Notes Payable 1 [Member] | Willy A. Saint-Hilaire [Member] | ||||||||||||||||||
Unamortized discount | 280 | |||||||||||||||||
Note payable | $ 7,280 | $ 2,750 | $ 1,110 | $ 750 | $ 1,109 | $ 1,518 | $ 2,500 | |||||||||||
Pricipal balance | 2,750 | |||||||||||||||||
Interest rate | 12% | 15.15% | 15.15% | 12% | 12% | 12% | ||||||||||||
Amortization | 31 | |||||||||||||||||
Due date in months | 12 | 12 | ||||||||||||||||
Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | April 30, 2021 [Member] | ||||||||||||||||||
Note payable | $ 2,750 | |||||||||||||||||
Pricipal balance | 2,750 | |||||||||||||||||
Interest rate | 15.15% | |||||||||||||||||
Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | May 4, 2021 [Member] | ||||||||||||||||||
Note payable | $ 750 | |||||||||||||||||
Pricipal balance | 750 | |||||||||||||||||
Interest rate | 15.15% | |||||||||||||||||
Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | May 21, 2021 [Member] | ||||||||||||||||||
Unamortized discount | $ 280 | |||||||||||||||||
Note payable | $ 7,280 | |||||||||||||||||
Pricipal balance | 4,900 | |||||||||||||||||
Principal payments paid | 980 | |||||||||||||||||
Note Payable addition | 300 | |||||||||||||||||
Balance | 4,600 | |||||||||||||||||
Interest rate | 12% | |||||||||||||||||
Amortization | $ 172 | |||||||||||||||||
Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | April 6, 2021 [Member] | ||||||||||||||||||
Note payable | $ 2,500 | |||||||||||||||||
Pricipal balance | 2,500 | |||||||||||||||||
Interest rate | 12% | |||||||||||||||||
Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | April 16, 2021 [Member] | ||||||||||||||||||
Note payable | $ 1,518 | |||||||||||||||||
Pricipal balance | 1,518 | |||||||||||||||||
Interest rate | 12% | |||||||||||||||||
Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | April 21, 2021 [Member] | ||||||||||||||||||
Note payable | $ 1,109 | |||||||||||||||||
Pricipal balance | 1,110 | |||||||||||||||||
Interest rate | 12% | |||||||||||||||||
Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | February 28, 2022 [Member] | ||||||||||||||||||
Note payable | $ 4,500 | |||||||||||||||||
Pricipal balance | 4,500 | |||||||||||||||||
Interest rate | 0% | |||||||||||||||||
Convertible Promissory Note [Member] | Montse Zaman [Member] | ||||||||||||||||||
Note payable | 0 | $ 1,000 | $ 5,000 | |||||||||||||||
Pricipal balance | $ 0 | |||||||||||||||||
Interest rate | 12% | |||||||||||||||||
Convertible Promissory Note [Member] | Jamie Hadfield [Member] | April 7, 2022 [Member] | ||||||||||||||||||
Note payable | $ 10,000 | |||||||||||||||||
Pricipal balance | 10,000 | |||||||||||||||||
Interest rate | 12% | |||||||||||||||||
Convertible Promissory Note [Member] | Shahram Khial [Member] | ||||||||||||||||||
Note payable | $ 3,500 | |||||||||||||||||
Convertible Promissory Note [Member] | April 22, 2021 [Member] | Shahram Khial [Member] | ||||||||||||||||||
Note payable | $ 3,500 | |||||||||||||||||
Pricipal balance | $ 3,500 | |||||||||||||||||
Interest rate | 12% |
COMMITMENTS AND CONTINGENCIES_2
COMMITMENTS AND CONTINGENCIES (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Oct. 13, 2020 | Oct. 06, 2020 | Sep. 25, 2020 | Sep. 21, 2020 | Sep. 15, 2020 | Sep. 09, 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 |
Fair value of warrants issued | $ 307 | $ 307 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 12,300,000 | 12,300,000 | |||||||||||||||||||||||||||||||||||
Shahram Khial [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Apr. 28, 2020 | Apr. 28, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Shahram Khial One [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jul. 10, 2020 | Jul. 10, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Kenneth Cornell Bosket [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||
Original note date | Jun. 09, 2020 | Jun. 09, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Montse Zaman [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||
Original note date | May 01, 2020 | May 01, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Mike Zaman [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||
Original note date | May 01, 2020 | May 01, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Ybelka Saint Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 29, 2020 | May 29, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Willy Rafael Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 20, 2020 | May 20, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Marvin A Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 2 | $ 2 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 19, 2020 | May 19, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Joan R. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 2 | $ 2 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 19, 2020 | May 19, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Jacob Colvin [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | May 08, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Brett Matus [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | May 08, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Arnulfo Saucedo-Bardan [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 04, 2020 | May 04, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Roy S Worbets [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jun. 16, 2020 | Jun. 16, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Wendell and Sharon Piper [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 13, 2020 | May 13, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Rudy Chacon [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 07, 2020 | May 07, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Arnold F. Sock [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 07, 2020 | May 07, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Munti Consulting LLC [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Original note date | Feb. 13, 2020 | Feb. 13, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Nasrin Montazer [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Oct. 06, 2020 | Oct. 06, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Jagjit Dhaliwal [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Original note date | Oct. 13, 2020 | Oct. 13, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Seyed M. Javad [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | Sep. 25, 2020 | Sep. 25, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Richard W LeAndro Jr [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Sep. 21, 2020 | Sep. 21, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Donald Kitt [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jul. 01, 2020 | Jul. 01, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Richard W LeAndro [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Sep. 21, 2020 | Sep. 21, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Salvatore Marasa [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | Sep. 15, 2020 | Sep. 15, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Pejham Khial [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Sep. 08, 2020 | Sep. 08, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Hongsing Phou [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | Sep. 02, 2020 | Sep. 02, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Monica Shayestehpour [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Original note date | Aug. 18, 2020 | Aug. 18, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Monireh Sepahpour [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Aug. 13, 2020 | Aug. 13, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Original note date | Mar. 13, 2020 | Mar. 13, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Theresa Kitt [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jul. 01, 2020 | Jul. 01, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Mohammad Sadrolashrafi [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 11, 2020 | May 11, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.50 | $ 0.000025 | |||||||||||||||||||||||||||||||||
Malcolm Ziman [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | May 08, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Chris Knudsen [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jun. 30, 2020 | Jun. 30, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Elvis E. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jun. 19, 2020 | Jun. 19, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Violet Gewerter [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jun. 12, 2020 | Jun. 12, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Kim Smith [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jun. 09, 2020 | Jun. 09, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Hassan M. Oji [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 7 | $ 7 | $ 7 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 300,000 | 300,000 | 300,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jun. 08, 2020 | Jun. 08, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Jeffery Connell [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 2 | $ 2 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Original note date | Jun. 03, 2020 | Jun. 03, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Richard R Shehane [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 28, 2020 | May 28, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
James Bobrik [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 27, 2020 | May 27, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Steven A. Fishman [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 13, 2020 | May 13, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Brian D. Colvin [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | May 08, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Barry Cohen [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | May 08, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Glen J. Rineer [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | May 08, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Sadegh Salmassi [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Original note date | May 07, 2020 | May 07, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Addicted 2 Marketing LLC [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 2 | $ 2 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Original note date | Apr. 01, 2020 | Apr. 01, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
BBCKQK Trust Kevin Wiltz [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Original note date | Mar. 13, 2020 | Mar. 13, 2020 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Related Party [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 227 | $ 220 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 9,100,000 | 9,100,000 | |||||||||||||||||||||||||||||||||||
Marjan Tina and Reno Suwarno [Member] | |||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||
Original note date | Jan. 03, 2021 | Jan. 03, 2021 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 |
COMMITMENTS AND CONTINGENCIES_3
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 03, 2021 | Oct. 13, 2020 | Oct. 06, 2020 | Sep. 25, 2020 | Sep. 21, 2020 | Sep. 15, 2020 | Sep. 09, 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 | Jan. 01, 2020 | |
Fair value of warrants issued | $ 307 | $ 307 | ||||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 12,300,000 | 12,300,000 | ||||||||||||||||||||||||||||||||||||||
Automobile lease [Member] | ||||||||||||||||||||||||||||||||||||||||
Monthly payment | $ 395 | $ 278 | $ 395 | $ 278 | ||||||||||||||||||||||||||||||||||||
Shahram Khial [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||||
Shahram Khial One [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Ybelka Saint Hilaire [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Willy Rafael Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Marvin A Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 2 | $ 2 | $ 2 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Joan R. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 2 | $ 2 | $ 2 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Jacob Colvin [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Brett Matus [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Arnulfo Saucedo-Bardan [Member] | ||||||||||||||||||||||||||||||||||||||||
Website development, design maintenance and other IT services | $ 5,000 | $ 5,000 | ||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Payment period | Monthly | Monthly | ||||||||||||||||||||||||||||||||||||||
Roy S Worbets [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Wendell and Sharon Piper [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Rudy Chacon [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Arnold F. Sock [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Munti Consulting LLC [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Nasrin Montazer [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Jagjit Dhaliwal [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Seyed M. Javad [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Richard W LeAndro Jr [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Donald Kitt [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Donald Kitt [Member] | July 1, 2020 [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||||||
Richard W LeAndro [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Salvatore Marasa [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Pejham Khial [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Hongsing Phou [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Monica Shayestehpour [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Monireh Sepahpour [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||||
Theresa Kitt [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Theresa Kitt [Member] | July 1, 2020 [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Mohammad Sadrolashrafi [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.50 | $ 0.000025 | ||||||||||||||||||||||||||||||||||||
Malcolm Ziman [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Chris Knudsen [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Elvis E. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Violet Gewerter [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Kim Smith [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 12 | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Hassan M. Oji [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 7 | $ 7 | $ 7 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 300,000 | 300,000 | 300,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Jeffery Connell [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 2 | $ 2 | $ 2 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Richard R Shehane [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
James Bobrik [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Steven A. Fishman [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Brian D. Colvin [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Barry Cohen [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Glen J. Rineer [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Sadegh Salmassi [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | $ 5 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Addicted 2 Marketing LLC [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 2 | $ 2 | $ 2 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
BBCKQK Trust Kevin Wiltz [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | |||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||||||||||||
Marjan Tina Reno Suwano [Member] | ||||||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stock | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | $ 0.000025 | $ 0.000025 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||
Oct. 25, 2021 | May 21, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2022 | Apr. 27, 2022 | May 04, 2021 | Apr. 30, 2021 | Apr. 27, 2021 | Apr. 22, 2021 | Apr. 21, 2021 | Apr. 16, 2021 | Apr. 06, 2021 | Mar. 12, 2021 | Feb. 09, 2021 | Sep. 09, 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 | Apr. 27, 2020 | Mar. 13, 2020 | Mar. 01, 2020 | Jan. 01, 2020 | |
Accounts Payable And Accrued Expenses To Related Party | $ 1,029,690 | ||||||||||||||||||||||||||||||
Notes Payable, Related Party | $ 3,912 | $ 0 | $ 15,300 | ||||||||||||||||||||||||||||
Promissory note | 0 | ||||||||||||||||||||||||||||||
Original issuance discount | 0 | 0 | |||||||||||||||||||||||||||||
Stock for related party service rendered | $ 0 | $ 80,000 | |||||||||||||||||||||||||||||
American Video Teleconferencing Corp (AVOT) [Member] | |||||||||||||||||||||||||||||||
Services received | $ 150 | ||||||||||||||||||||||||||||||
Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 25 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 1,000,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Theresa Kitt [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 5 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 200,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Mohammad Sadrolashrafi [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | $ 0.50 | $ 0.000025 | |||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 12.50 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 500,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Malcolm Ziman [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 5 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 200,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Brian D. Colvin [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 25 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 1,000,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Jamie Hadfield [Member] | |||||||||||||||||||||||||||||||
Common stock purchased shares, Shares | 400,000 | ||||||||||||||||||||||||||||||
Common stock purchased shares, Amount | $ 200,000 | ||||||||||||||||||||||||||||||
Share price | $ 0.50 | $ 0.50 | |||||||||||||||||||||||||||||
September 1, 2020 [Member] | Services Agreement [Member] | American Video Teleconferencing Corp (AVOT) [Member] | |||||||||||||||||||||||||||||||
Deferred Revenue - related party | $ 11,333 | ||||||||||||||||||||||||||||||
Restricted shares of common stock | 17,000,000 | ||||||||||||||||||||||||||||||
Total compensation | $ 17,000 | ||||||||||||||||||||||||||||||
Recognized revenue | 5,663 | ||||||||||||||||||||||||||||||
Stock for related party service rendered | $ 17,000 | ||||||||||||||||||||||||||||||
Shahram Khial [Member] | |||||||||||||||||||||||||||||||
Share price | $ 0.000025 | 0.000025 | $ 0.000025 | $ 0.000025 | |||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 12.50 | $ 12.50 | |||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 500,000 | 500,000 | |||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | $ 0.60 | |||||||||||||||||||||||||||||
Kenneth Cornell Bosket [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 25 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 1,000,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Administrative Services | $ 5,000 | ||||||||||||||||||||||||||||||
Montse Zaman [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 25 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 1,000,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Administrative Services | 5,000 | ||||||||||||||||||||||||||||||
Mike Zaman [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 25 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 1,000,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Managerial Services | $ 20,000 | ||||||||||||||||||||||||||||||
Ybelka Saint Hilaire [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 5 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 200,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Willy Rafael Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 5 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 200,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Marvin A Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 2.50 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 100,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Joan R. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 2.50 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 100,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Jacob Colvin [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 5 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 200,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Brett Matus [Member] | |||||||||||||||||||||||||||||||
Share price | 0.000025 | 0.000025 | 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 5 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 200,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Arnulfo Saucedo-Bardan [Member] | |||||||||||||||||||||||||||||||
Share price | $ 0.000025 | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||
Warrants Issued, Price Per Share | $ 25 | ||||||||||||||||||||||||||||||
Warrants Issued To Purchase Common Stock | 1,000,000 | ||||||||||||||||||||||||||||||
Warrants, Exercise Price | $ 0.60 | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | April 30, 2021 [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Principal balance of convertible promissory note | $ 2,750 | ||||||||||||||||||||||||||||||
Promissory note | $ 2,750 | ||||||||||||||||||||||||||||||
Interest rate | 15.15% | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | May 4, 2021 [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Principal balance of convertible promissory note | 750 | ||||||||||||||||||||||||||||||
Promissory note | $ 750 | ||||||||||||||||||||||||||||||
Interest rate | 15.15% | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | May 21, 2021 [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Promissory note | $ 7,280 | ||||||||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||||||||
Principal payments paid | 980 | ||||||||||||||||||||||||||||||
Original issuance discount | $ 280 | ||||||||||||||||||||||||||||||
Amortization | $ 172 | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | April 6, 2021 [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Principal balance of convertible promissory note | 2,500 | ||||||||||||||||||||||||||||||
Promissory note | $ 2,500 | ||||||||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | April 16, 2021 [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Principal balance of convertible promissory note | 1,518 | ||||||||||||||||||||||||||||||
Promissory note | $ 1,518 | ||||||||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | April 21, 2021 [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Principal balance of convertible promissory note | 1,110 | ||||||||||||||||||||||||||||||
Promissory note | $ 1,109 | ||||||||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | March 12, 2021 [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Promissory note | $ 9,332 | ||||||||||||||||||||||||||||||
Principal reduction payments of promissory note | 5,421 | ||||||||||||||||||||||||||||||
Principal balance of promissory note | 3,912 | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | Shahram Khial [Member] | |||||||||||||||||||||||||||||||
Principal balance of convertible promissory note | 3,500 | ||||||||||||||||||||||||||||||
Promissory note | $ 3,500 | ||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | Shahram Khial [Member] | April 27, 2021 [Member] | |||||||||||||||||||||||||||||||
Principal balance of convertible promissory note | $ 3,500 | ||||||||||||||||||||||||||||||
Promissory note | $ 3,500 | ||||||||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | |||||||||||||||||||||||||||||||
Share price | $ 1 | ||||||||||||||||||||||||||||||
Notes Payable, Related Party | $ 16,028 | ||||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||||||||||
Promissory note | 2,012 | $ 9,332 | |||||||||||||||||||||||||||||
Interest rate | 16% | ||||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Shahram Khial [Member] | |||||||||||||||||||||||||||||||
Promissory note | $ 3,500 | $ 3,500 | $ 3,500 | ||||||||||||||||||||||||||||
Interest rate | 12% | 12% | 12% | ||||||||||||||||||||||||||||
Non-Convertible Notes Payable [Member] | |||||||||||||||||||||||||||||||
Notes Payable, Related Party | $ 15,300 |
STOCK HOLDERS DEFICIT (Details
STOCK HOLDERS DEFICIT (Details Narrative) - USD ($) | 12 Months Ended | ||||||||
Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2022 | May 03, 2022 | Mar. 09, 2022 | Oct. 25, 2021 | Mar. 13, 2020 | Mar. 01, 2020 | Feb. 13, 2020 | |
Common stock shares issued for cash, shares | 472,000 | ||||||||
Cash Proceeds From Share Issued | $ 4,000 | $ 10,000 | |||||||
Restricted Common Share Issued | 8,000 | 20,000 | |||||||
Share Price | $ 0.50 | $ 0.50 | |||||||
Proceeds from issuance of common shares | $ 243,500 | ||||||||
Preferred Stock Series A Designated | 1,000 | ||||||||
Preferred Stock Series A Outstanding, Share | 1,000 | ||||||||
Preferred stock, authorized shares | 20,000,000 | 20,000,000 | 20,000,000 | ||||||
Preferred stock, shares outstanding | 0 | 0 | 0 | ||||||
Options Issued To Purchase Common Stock | 12,300,000 | 12,300,000 | |||||||
Common Stock, Shares Authorized | 450,000,000 | 450,000,000 | 450,000,000 | ||||||
Common stock shares issued for services, shares | 3,750 | 24,756 | |||||||
2006 Equity Incentive Plan [Member] | |||||||||
Options Issued To Purchase Common Stock | 3,000,000 | 3,000,000 | |||||||
Common Stock, Shares Authorized | 3,000,000 | 3,000,000 | |||||||
Non-qualified stock options [Member] | |||||||||
Options Issued To Purchase Common Stock | 3,000,000 | ||||||||
Options Exercise Price | $ 0.60 | ||||||||
Non-qualified stock warrants [Member] | |||||||||
Options Issued To Purchase Common Stock | 2,000,000 | 1,000,000 | |||||||
Options Exercise Price | $ 0.60 | $ 0.60 | |||||||
Willy A. Saint-Hilaire [Member] | |||||||||
Options Issued To Purchase Common Stock | 1,000,000 | 1,000,000 | 1,000,000 | ||||||
Options Exercise Price | $ 0.60 | $ 0.60 | $ 0.60 | ||||||
Share price | $ 0.000025 | $ 0.000025 | $ 0.000025 | $ 0.000025 | |||||
Jamie Hadfield [Member] | |||||||||
Common stock shares issued for cash, shares | 400,000 | ||||||||
Proceeds from issuance of common shares | $ 200,000 | ||||||||
Share price | $ 0.50 | $ 0.50 | |||||||
Steven Cantor [Member] | |||||||||
Shares issued upon settlement of compensation, shares | 160,000 | ||||||||
Diversified Unlimited [Member] | |||||||||
Proceeds from issuance of common shares | $ 3,750 | $ 3,000 | |||||||
Common stock shares issued for services, shares | 5,385 | ||||||||
Convertible Notes Payable [Member] | |||||||||
Common stock shares issued for cash, shares | 3,000 | ||||||||
Proceeds from issuance of common shares | $ 3,000 | ||||||||
Share price | $ 1 | ||||||||
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member] | |||||||||
Conversion rate | $ 0.50 | ||||||||
Third Party [Member] | |||||||||
Common stock shares issued for services, shares | 4,934 | ||||||||
Shares issued upon settlement of account payable, shares | 74,000 | ||||||||
Vinoth Sambandan [Member] | |||||||||
Proceeds from issuance of common shares | $ 17,256 | ||||||||
Common stock shares issued for rendered, shares | 11,504 | ||||||||
Shares issued upon settlement of stock payable, shares | 140,083 | ||||||||
Common stock shares issued for services, shares | 15,978 | ||||||||
Shares issued upon settlement of account payable, shares | 204,933 | ||||||||
Series A Preferred Stock [Member] | |||||||||
Preferred stock, authorized shares | 1,000 | 1,000 | 1,000 | ||||||
Preferred stock, shares outstanding | 1,000 | 1,000 | 1,000 | ||||||
Series A Convertible Perferred Stock [Member] | Willy A Saint-Hilaire [Member] | |||||||||
Conversion of Note Payable into shares | 36,984 | ||||||||
Conversion rate | $ 1 | ||||||||
Shares issued upon interest prepayment of Note Payable | $ 23,175 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Net Operating Loss | $ 860,447 | $ 753,258 | |
Net Deferred Tax Asset | 0 | 0 | |
Income Tax [Member] | |||
Net Operating Loss | 860,447 | 753,258 | $ 661,701 |
Valuation Allowance | (860,447) | (753,258) | (661,701) |
Net Deferred Tax Asset | $ 0 | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
INCOME TAXES | |||
Net operating loss carry forward | $ 4,097,367 | $ 3,586,945 | $ 3,150,957 |
Corporate Tax Rate | 21% | 21% | |
Description Of Expiration Of Operating Loss Carryforwards | expire in the year 2032 | expire in the year 2032 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 1 Months Ended | |
Mar. 09, 2022 | Feb. 28, 2022 | |
Number issued, upon purchase of restricted shares common stock | 20,000 | |
Amount of purchase of restricted shares common stock | $ 10,000 | |
Willy A Saint-Hilaire [Member] | ||
promissory note issued | $ 4,500 | |
Interest rate | 0% |