Correlate Infrastructure Partners (CIPI) 10-Q 12 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 12, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-55825
Entity Registrant Name	CORRELATE INFRASTRUCTURE PARTNERS INC.
Entity Central Index Key	0001108645
Entity Tax Identification Number	84-4250492
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	220 Travis Street
Entity Address, Address Line Two	Suite 501
Entity Address, City or Town	Shreveport
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	71101
City Area Code	855
Local Phone Number	264-4060
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,139,920

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash	$ 414,940	$ 252,189
Accounts receivable, net of allowance for doubtful accounts	139,272	40,807
Inventory	546,384
Prepaid expenses and other current assets	509,053
Total current assets	1,609,649	292,996
Other assets
Intangible assets - trademark/trade name	139,700	139,700
Intangible assets - customer relationships, net	210,420	233,800
Intangible assets - developed technology, net	20,810	27,750
Goodwill	762,851	762,851
Total other assets	1,133,781	1,164,101
Total assets	2,743,430	1,457,097
Current liabilities
Accounts payable	733,011	819,413
Accrued expenses	233,836	58,345
Customer deposits	1,114,154
Shareholder advances	96,519	96,519
Line of credit	30,000	30,000
Notes payable, current portion, net of discount	979,014
Total current liabilities	3,186,534	1,004,277
Notes payable, net of current portion	20,400	20,400
Total liabilities	3,206,934	1,024,677
Stockholders' equity (deficit)
Preferred stock $0.0001 par value; authorized 50,000,000 shares with -0- issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Common stock $0.0001 par value; authorized 400,000,000 shares with 35,139,920 and -0- shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	3,514
Additional paid-in capital	3,313,290	1,534,474
Accumulated deficit	(3,780,308)	(1,105,518)
Total stockholders' equity (deficit)	(463,504)	432,420
Total liabilities and stockholders' equity (deficit)	2,743,430	1,457,097
Common Class A [Member]
Stockholders' equity (deficit)
Common stock $0.0001 par value; authorized 400,000,000 shares with 35,139,920 and -0- shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively		3,464
Total stockholders' equity (deficit)		3,464
Common Class B [Member]
Stockholders' equity (deficit)
Common stock $0.0001 par value; authorized 400,000,000 shares with 35,139,920 and -0- shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Total stockholders' equity (deficit)

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Preferred stock, par or stated value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares, issued	35,139,920	0
Common stock, shares, outstanding	35,139,920	0
Common Class A [Member]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	372,500,000	372,500,000
Common stock, shares, issued	0	34,639,920
Common stock, shares, outstanding	0	34,639,920
Common Class B [Member]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	27,500,000	27,500,000
Common stock, shares, issued	0	0
Common stock, shares, outstanding	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues	$ 236,690	$ 1,584	$ 305,098	$ 9,235
Cost of revenues	193,946	855	263,060	3,716
Gross profit (loss)	42,744	729	42,038	5,519
Operating expenses
General and administrative	648,974	1,181	1,195,208	3,505
Insurance	2,221		3,392
Legal and professional	756,914	1,385	938,922	2,738
Travel	21,525	2,371	50,480	6,991
Depreciation and amortization	15,160		30,320
Total operating expenses	1,444,794	4,937	2,218,322	13,234
Loss from operations	(1,402,050)	(4,208)	(2,176,284)	(7,715)
Other income (expense)
Interest expense	(37,623)		(70,364)
Amortization of debt discount	(261,657)		(428,142)
Total other income (expense)	(299,280)		(498,506)
Net loss	$ (1,701,330)	$ (4,208)	$ (2,674,790)	$ (7,715)
Loss per share	$ (0.05)	$ 0	$ (0.08)	$ 0
Weighted average shares outstanding - basic	34,843,217	57,752,809	34,742,130	78,994,413

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Class A [Member]	Common Class B [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 7,250	$ 2,750		$ 457,700	$ (1,015,269)	$ (547,569)
Beginning balance (in shares) at Dec. 31, 2020	72,500,000	27,500,000
Net loss	$ 0	$ 0	$ 0	0	(3,507)	(3,507)
Ending balance, value at Mar. 31, 2021	$ 7,250	$ 2,750		457,700	(1,018,776)	(551,076)
Ending balance (in shares) at Mar. 31, 2021	72,500,000	27,500,000
Beginning balance, value at Dec. 31, 2020	$ 7,250	$ 2,750		457,700	(1,015,269)	(547,569)
Beginning balance (in shares) at Dec. 31, 2020	72,500,000	27,500,000
Net loss						(7,715)
Ending balance, value at Jun. 30, 2021	$ 2,000			465,700	(1,022,984)	(555,284)
Ending balance (in shares) at Jun. 30, 2021	20,000,000	0
Beginning balance, value at Mar. 31, 2021	$ 7,250	$ 2,750		457,700	(1,018,776)	(551,076)
Beginning balance (in shares) at Mar. 31, 2021	72,500,000	27,500,000
Net loss	$ 0	$ 0	$ 0	0	(4,208)	(4,208)
Effect of pre-merger TCCR transactions	$ (5,250)	$ (2,750)		8,000
Effect of pre-merger TCCR transactions (in shares)	(52,500,000)	(27,500,000)
Ending balance, value at Jun. 30, 2021	$ 2,000			465,700	(1,022,984)	(555,284)
Ending balance (in shares) at Jun. 30, 2021	20,000,000	0
Beginning balance, value at Dec. 31, 2021	$ 3,464			1,534,474	(1,105,518)	$ 432,420
Beginning balance (in shares) at Dec. 31, 2021	34,639,920	0				0
Net loss	$ 0	$ 0	$ 0	0	(973,460)	$ (973,460)
Issuance of warrants in connection with debt	0	0	0	799,128	0	799,128
Stock based compensation	0	0	0	150,504	0	150,504
Issuances of shares for cash		0	0	150,000	0	150,000
Ending balance, value at Mar. 31, 2022	$ 3,464			2,634,106	(2,078,978)	558,592
Ending balance (in shares) at Mar. 31, 2022	34,639,920	0
Beginning balance, value at Dec. 31, 2021	$ 3,464			1,534,474	(1,105,518)	$ 432,420
Beginning balance (in shares) at Dec. 31, 2021	34,639,920	0				0
Net loss						$ (2,674,790)
Ending balance, value at Jun. 30, 2022			$ 3,514	3,313,290	(3,780,308)	$ (463,504)
Ending balance (in shares) at Jun. 30, 2022	0	0	35,139,920			35,139,920
Beginning balance, value at Mar. 31, 2022	$ 3,464			2,634,106	(2,078,978)	$ 558,592
Beginning balance (in shares) at Mar. 31, 2022	34,639,920	0
Net loss	$ 0	$ 0	$ 0	0	(1,701,330)	(1,701,330)
Elimination of Class A and Class B common stock for single class of common stock	$ (3,464)		$ 3,464
Elimination of Class A and Class B common stock for single class of common stock (in shares)	(34,639,920)		34,639,920
Stock based compensation	$ 0	0	$ 0	179,234	0	179,234
Issuances of shares for services			$ 50	499,950		500,000
Issuances of shares for services (in shares)			500,000
Ending balance, value at Jun. 30, 2022			$ 3,514	$ 3,313,290	$ (3,780,308)	$ (463,504)
Ending balance (in shares) at Jun. 30, 2022	0	0	35,139,920			35,139,920

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net loss	$ (2,674,790)	$ (7,715)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	30,320
Amortization of debt discount	428,142
Shares issued for services	500,000
Stock-based compensation	329,738
Changes in operating assets and liabilities:
Accounts receivable	(11,360)	(6,859)
Unbilled revenues	(87,105)
Inventory	(546,384)
Prepaid expenses and other current assets	(509,053)	0
Accounts payable	(86,402)	(28,224)
Accrued expenses	175,491	(163)
Customer deposits	1,114,154
Net cash used in operating activities	(1,337,249)	(42,961)
Investing activities
Net cash provided by investing activities
Financing activities
Proceeds from issuance of notes payable	1,350,000
Proceeds from issuance of common stock	150,000
Net cash provided by financing activities	1,500,000
Net increase (decrease) in cash	162,751	(42,961)
Cash - beginning of period	252,189	74,375
Cash - end of period	414,940	31,414
Cash paid for income taxes
Cash paid for interest	32,141
Supplemental schedule of non-cash investing and financing activities
Discount on note payable from issuance of warrants	799,128
Original issuance discount on note payable	$ 135,000

NATURE OF THE ORGANIZATION AND

NATURE OF THE ORGANIZATION AND BUSINESS	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
NATURE OF THE ORGANIZATION AND BUSINESS	NOTE 1 – NATURE OF THE ORGANIZATION AND BUSINESS Name Change Effective April 5, 2022, Triccar, Inc. changed its name to Correlate Infrastructure Partners Inc. (“CIPI” or the “Company”) to better reflect its operations. Nature of the Business The accompanying condensed consolidated financial statements include the accounts of the Company, and its subsidiaries Correlate, Inc. (“Correlate”), a Delaware corporation, and Loyal Enterprises LLC dba Solar Site Design (“Loyal”), a Tennessee limited liability company. Correlate is a portfolio-scale development and finance platform offering commercial and industrial facilities access to clean electrification solutions focused on locally-sited solar, energy storage, EV infrastructure, and intelligent efficiency measures. Its unique data-driven approach is powered by proprietary analytics and concierge subscription services. Loyal provides consulting services on acquisitions and project development tools to customers in the commercial solar industry. Going Concern The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has incurred losses since inception and has not generated positive cash flows from operations. These matters, among others, raise substantial doubt about the Company's ability to continue as a going concern. The Company’s ability to continue in existence is dependent on its ability to develop additional sources of capital, and/or achieve profitable operations and positive cash flows. Management’s plans with respect to operations include aggressive marketing, acquisitions, and raising additional capital through sales of equity or debt securities as may be necessary to pursue its business plans and sustain operations until such time as the Company can achieve profitability. Management believes that aggressive marketing combined with acquisitions and additional financing as necessary will result in improved operations and cash flow in 2022 and beyond. However, there can be no assurance that management will be successful in obtaining additional funding or in attaining profitable operations. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the interim reporting rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments (unless otherwise indicated), necessary for a fair presentation of the financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. CORRELATE INFRASTRUCTURE PARTNERS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid debt instruments and other short-term investments with maturity of three months or less, when purchased, to be cash equivalents. There were no cash equivalents as of June 30, 2022 and December 31, 2021. The Company maintains its cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”). The FDIC provides coverage of up to $ 250,000 97,171 Accounts Receivable Accounts receivable consists of unpaid revenues. The Company records an allowance for doubtful accounts to allow for any amounts that may not be recoverable, which is based on an analysis of the Company’s prior collection experience, customer credit worthiness, and current economic trends. Accounts are considered delinquent when payments have not been received within the agreed upon terms and are written off when management determines that collection is not probable. As of June 30, 2022 and December 31, 2021, the Company’s allowance for doubtful accounts was $ 90,189 Intangible Assets Intangible assets are amortized over their estimated useful lives. Each period, the Company evaluates the estimated remaining useful life of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. Management tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. Impairment Assessment The Company evaluates intangible assets and other long-lived assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. This includes but is not limited to significant adverse changes in business climate, market conditions or other events that indicate an asset's carrying amount may not be recoverable. Recoverability of these assets is measured by comparing the carrying amount of each asset to the future cash flows the asset is expected to generate. If the cash flows used in the test for recoverability are less than the carrying amount of these assets, the carrying amount of such assets is reduced to fair value. The Company evaluates and tests the recoverability of its goodwill for impairment at least annually during its fourth quarter of each fiscal year or more often if and when circumstances indicate that goodwill may not be recoverable. CORRELATE INFRASTRUCTURE PARTNERS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Revenue Recognition The Company accounts for revenue in accordance with FASB ASC 606, Revenue from Contracts with Customers. A performance obligation is a promise in a contract to transfer a distinct good or service to the client and is the unit of accounting in Topic 606. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the relative standalone selling price. Determining relative standalone selling price and identifying separate performance obligations require judgment. Contract modifications may occur in the performance of the Company’s contracts. Contracts may be modified to account for changes in the contract specifications, requirements or duration. If a contract modification results in the addition of performance obligations priced at a standalone selling price or if the post-modification services are distinct from the services provided prior to the modification, the modification is accounted for separately. If the modified services are not distinct, they are accounted for as part of the existing contract. The Company’s revenues are derived from contracts for consulting and engineering, procurement and construction services (“EPC”). These contracts may have different terms based on the scope, performance obligations and complexity of the engagement, which may require us to make judgments and estimates in recognizing revenues. The Company’s performance obligations are satisfied over time as work progresses or at a point in time (for defined milestones). The selection of the method to measure progress towards completion requires judgment and is based on the contract and the nature of the services to be provided. The Company’s contracts for consulting services are typically less than a year in duration and require us to a) assist the client in achieving certain defined milestones for milestone fees or b) provide a series of distinct services each period over the contract term for a pre-determined fee for each period. When contractual billings represent an amount that corresponds directly with the value provided to the client, revenues are recognized as amounts become billable in accordance with contract terms. The Company’s contracts for EPC services are typically less than a year in duration and require us to a) provide engineering services and b) obtain and install materials to agreed-upon specifications. The Company recognizes revenues as materials are transferred to the client and as performance obligations are satisfied. Financial Instruments The Company’s financial instruments include cash and cash equivalents, receivables, payables, and debt and are accounted for under the provisions of ASC Topic 825, “Financial Instruments”. The carrying amount of these financial instruments, with the exception of discounted debt, as reflected in the balance sheets approximates fair value. Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties and other sources are recorded when management assesses that it is probably that a liability has been incurred and the amount can be reasonable estimated. CORRELATE INFRASTRUCTURE PARTNERS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Income Taxes In accordance with FASB ASC Topic 740, "Income Taxes," the Company provides for the recognition of deferred tax assets if realization of such assets is more likely than not. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. In addition, the Company’s management performs an evaluation of all uncertain income tax positions taken or expected to be taken in the course of preparing the Company’s income tax returns to determine whether the income tax positions meet a “more likely than not” standard of being sustained under examination by the applicable taxing authorities. This evaluation is required to be performed for all open tax years, as defined by the various statutes of limitations, for federal and state purposes. If the Company has interest or penalties associated with insufficient taxes paid, such expenses are reported in income tax expense. Basic and Diluted Loss Per Share FASB ASC Topic 260, Earnings Per Share, requires a reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share (EPS) computations. Basic earnings (loss) per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The Company had no Recently Issued Accounting Standards During the period ended June 30, 2022, there were several new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s condensed consolidated financial statements.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 3 – COMMITMENTS AND CONTINGENCIES From time to time, the Company may be involved in litigation in the ordinary course of business. The Company is not currently involved in any litigation that the Company believes could have a material adverse effect on its financial condition or results of operations. Executive Employment Agreements On January 18, 2022, the Company entered into an employment agreement with Mr. Channing Chen, CFO, providing for an annual salary of $ 200,000 1,000,000 0.96 ten 868,000 vest monthly over 36 months upon issuance

DEBT

DEBT	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
DEBT	NOTE 4 – DEBT Notes Payable On May 29, 2020, Loyal received a $20,400 Economic Injury Disaster Loan through the Small Business Administration. The note bears interest at 3.75% until maturity in March 2050. The note requires $100 monthly payments beginning in May 2022 until maturity. On January 11, 2022, the Company entered into a 10 1,485,000 135,000 quarterly interest payments with the principal due at maturity on January 11, 2023 2,700,000 warrants exercisable at $0.25 per share (Note 5). The warrants were fully vested at issuance and expire on July 11, 2023 1,958,000 799,128 505,986 Line of Credit On October 3, 2014, Loyal entered into a $ 30,000 8.00% at issuance to 34.00% for the period ended June 30, 2022 40,930

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
EQUITY	NOTE 5 – EQUITY The total number of common stock authorized that may be issued by the Company is four hundred million ( 400,000,000 0.0001 The total number of preferred stock authorized that may be issued by the Company is fifty million ( 50,000,000 0.0001 At December 31, 2021, common stock authorized consisted of three hundred seventy-two million five hundred thousand ( 372,500,000 1:1 27,500,000 20:1 50,000,000 0.0001 On April 5, 2022, the Company amended its Articles of Incorporation such that Class A or Class B common shares were eliminated and replaced by a single class of common stock with 1:1 At June 30, 2022, common stock authorized consisted of four hundred million ( 400,000,000 1:1 50,000,000 0.0001 To the fullest extent permitted by the laws of the state of Nevada (currently set forth in NRS 78.195), as the same now exists or may hereafter be amended or supplemented, the board of directors may fix and determine the designations, rights, preferences or other variations of each class or series within each class of capital stock of the corporation. During January 2022, the Company received proceeds totaling $ 150,000 600,000 During May 2022, the Company issued 500,000 shares of common stock valued at $500,000 for services. CORRELATE INFRASTRUCTURE PARTNERS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Warrants During the period ended June 30, 2022, the Company calculated the fair value of the warrants granted based on assumptions used in the Cox-Ross-Rubinstein binomial pricing model using the following inputs: the price of the Company’s common stock on the date of issuance; a risk-free interest rate of 0.70 428 0.25 18 During January 2022, the Company issued 2,700,000 1,958,000 The following table presents the Company’s warrants as of June 30, 2022 Number of Shares Weighted Average Weighted Average Warrants as of December 31, 2021 - $ - - Issued 2,700,000 $ 0.25 1.50 Exercised - $ - - Warrants as of June 30, 2022 2,700,000 $ 0.25 1.03 At June 30, 2022, all of the Company’s outstanding warrants were vested. Options During the period ended June 30, 2022, the Company calculated the fair value of the options granted based on assumptions used in the Cox-Ross-Rubinstein binomial pricing model using the following inputs: the price of the Company’s common stock on the date of issuance, risk-free interest rates ranging from 1.65 282 0.92 5 During January 2022, the Company issued 1,000,000 868,000 During February 2022, the Company issued 170,000 156,110 During March 2022, the Company issued 75,000 84,609 The following table presents the Company’s options as of June 30, 2022: Number of Shares Weighted Average Weighted Average Options as of December 31, 2021 2,059,068 $ 0.52 5.13 Issued 1,245,000 $ 0.96 5.00 Forfeited - $ - - Exercised - $ - - Options as of June 30, 2022 3,304,068 $ 0.68 4.61 At June, 2022, options to purchase 588,931 2,715,137 1,714,651 CORRELATE INFRASTRUCTURE PARTNERS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONCENTRATIONS

CONCENTRATIONS	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS	NOTE 6 – CONCENTRATIONS The Company had the following revenue concentrations for the three and six months ended June 30, 2022 and 2021 and accounts receivable concentrations as of June 30, 2022 and December 31, 2021: Revenues Revenues Accounts Receivable Three Months Ended June 30, Six Months Ended June 30, June 30, December 31, Customer 2022 2021 2022 2021 2022 2021 Customer A 56 * 43 * * * Customer B 37 * 40 * 14 * Customer C * * * 83 63 69 Customer D * 100 * 17 * * Customer E 11 12 Customer F * 19 * = Less than 10%

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS Shareholder Advances and Payables At June 30, 2022 and December 31, 2021, the Company had informal advances payable of $ 22,154 At June 30, 2022 and December 31, 2021, the Company had advances payable of $ 11,865 At June 30, 2022 and December 31, 2021, the Company had advances payable of $ 62,500 At June 30, 2022 and December 31, 2021, the Company had accounts payable of $ 120,000 Michaels Consulting As of June 30, 2022 and December 31, 2021, the Company had accounts payable due to Michaels Consulting totaling $ 344,000 364,000 P&C Ventures, Inc. Mr. Cory Hunt, who was named a director of the Company on December 28, 2021, is an owner and officer of P&C Ventures, Inc. During January 2022, the Company entered into a note agreement with P&C Ventures, Inc. and issued warrants related to the note, as disclosed in Note 4.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS During July 2022, the Company issued 100,000 109,805 During July 2022, the Company issued a 10% secured promissory note in the amount of $ 50,000 50,000 1.00 72,936 On August 11, 2022, the Company issued a 10% secured promissory note in the amount of $ 150,000 150,000 1.00 214,354

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid debt instruments and other short-term investments with maturity of three months or less, when purchased, to be cash equivalents. There were no cash equivalents as of June 30, 2022 and December 31, 2021. The Company maintains its cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”). The FDIC provides coverage of up to $ 250,000 97,171
Accounts Receivable	Accounts Receivable Accounts receivable consists of unpaid revenues. The Company records an allowance for doubtful accounts to allow for any amounts that may not be recoverable, which is based on an analysis of the Company’s prior collection experience, customer credit worthiness, and current economic trends. Accounts are considered delinquent when payments have not been received within the agreed upon terms and are written off when management determines that collection is not probable. As of June 30, 2022 and December 31, 2021, the Company’s allowance for doubtful accounts was $ 90,189
Intangible Assets	Intangible Assets Intangible assets are amortized over their estimated useful lives. Each period, the Company evaluates the estimated remaining useful life of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. Management tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets.
Impairment Assessment	Impairment Assessment The Company evaluates intangible assets and other long-lived assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. This includes but is not limited to significant adverse changes in business climate, market conditions or other events that indicate an asset's carrying amount may not be recoverable. Recoverability of these assets is measured by comparing the carrying amount of each asset to the future cash flows the asset is expected to generate. If the cash flows used in the test for recoverability are less than the carrying amount of these assets, the carrying amount of such assets is reduced to fair value. The Company evaluates and tests the recoverability of its goodwill for impairment at least annually during its fourth quarter of each fiscal year or more often if and when circumstances indicate that goodwill may not be recoverable.
Revenue Recognition	Revenue Recognition The Company accounts for revenue in accordance with FASB ASC 606, Revenue from Contracts with Customers. A performance obligation is a promise in a contract to transfer a distinct good or service to the client and is the unit of accounting in Topic 606. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the relative standalone selling price. Determining relative standalone selling price and identifying separate performance obligations require judgment. Contract modifications may occur in the performance of the Company’s contracts. Contracts may be modified to account for changes in the contract specifications, requirements or duration. If a contract modification results in the addition of performance obligations priced at a standalone selling price or if the post-modification services are distinct from the services provided prior to the modification, the modification is accounted for separately. If the modified services are not distinct, they are accounted for as part of the existing contract. The Company’s revenues are derived from contracts for consulting and engineering, procurement and construction services (“EPC”). These contracts may have different terms based on the scope, performance obligations and complexity of the engagement, which may require us to make judgments and estimates in recognizing revenues. The Company’s performance obligations are satisfied over time as work progresses or at a point in time (for defined milestones). The selection of the method to measure progress towards completion requires judgment and is based on the contract and the nature of the services to be provided. The Company’s contracts for consulting services are typically less than a year in duration and require us to a) assist the client in achieving certain defined milestones for milestone fees or b) provide a series of distinct services each period over the contract term for a pre-determined fee for each period. When contractual billings represent an amount that corresponds directly with the value provided to the client, revenues are recognized as amounts become billable in accordance with contract terms. The Company’s contracts for EPC services are typically less than a year in duration and require us to a) provide engineering services and b) obtain and install materials to agreed-upon specifications. The Company recognizes revenues as materials are transferred to the client and as performance obligations are satisfied.
Financial Instruments	Financial Instruments The Company’s financial instruments include cash and cash equivalents, receivables, payables, and debt and are accounted for under the provisions of ASC Topic 825, “Financial Instruments”. The carrying amount of these financial instruments, with the exception of discounted debt, as reflected in the balance sheets approximates fair value.
Commitments and Contingencies	Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties and other sources are recorded when management assesses that it is probably that a liability has been incurred and the amount can be reasonable estimated.
Income Taxes	Income Taxes In accordance with FASB ASC Topic 740, "Income Taxes," the Company provides for the recognition of deferred tax assets if realization of such assets is more likely than not. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. In addition, the Company’s management performs an evaluation of all uncertain income tax positions taken or expected to be taken in the course of preparing the Company’s income tax returns to determine whether the income tax positions meet a “more likely than not” standard of being sustained under examination by the applicable taxing authorities. This evaluation is required to be performed for all open tax years, as defined by the various statutes of limitations, for federal and state purposes. If the Company has interest or penalties associated with insufficient taxes paid, such expenses are reported in income tax expense.
Basic and Diluted Loss Per Share	Basic and Diluted Loss Per Share FASB ASC Topic 260, Earnings Per Share, requires a reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share (EPS) computations. Basic earnings (loss) per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The Company had no
Recently Issued Accounting Standards	Recently Issued Accounting Standards During the period ended June 30, 2022, there were several new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s condensed consolidated financial statements.

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
The following table presents the Company’s warrants as of June 30, 2022	The following table presents the Company’s warrants as of June 30, 2022 Number of Shares Weighted Average Weighted Average Warrants as of December 31, 2021 - $ - - Issued 2,700,000 $ 0.25 1.50 Exercised - $ - - Warrants as of June 30, 2022 2,700,000 $ 0.25 1.03
The following table presents the Company’s options as of June 30, 2022:	The following table presents the Company’s options as of June 30, 2022: Number of Shares Weighted Average Weighted Average Options as of December 31, 2021 2,059,068 $ 0.52 5.13 Issued 1,245,000 $ 0.96 5.00 Forfeited - $ - - Exercised - $ - - Options as of June 30, 2022 3,304,068 $ 0.68 4.61

CONCENTRATIONS (Tables)

CONCENTRATIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
The Company had the following revenue concentrations for the three and six months ended June 30, 2022 and 2021 and accounts receivable concentrations as of June 30, 2022 and December 31, 2021:	The Company had the following revenue concentrations for the three and six months ended June 30, 2022 and 2021 and accounts receivable concentrations as of June 30, 2022 and December 31, 2021: Revenues Revenues Accounts Receivable Three Months Ended June 30, Six Months Ended June 30, June 30, December 31, Customer 2022 2021 2022 2021 2022 2021 Customer A 56 * 43 * * * Customer B 37 * 40 * 14 * Customer C * * * 83 63 69 Customer D * 100 * 17 * * Customer E 11 12 Customer F * 19 * = Less than 10%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended
	Jun. 30, 2022 USD ($) shares
Accounting Policies [Abstract]
FDIC coverage amount	$ 250,000
FDIC cash balances limits	97,171
Allowance for doubtful accounts	$ 90,189
Cash equivalents | shares	0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		6 Months Ended
	Jan. 18, 2022	Jun. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Vested amount		$ 72,936
Chen Employment Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Amount of salary	$ 200,000
Options exercisable, shares	1,000,000
Options exercisable, weighted average exercise price	$ 0.96
Options exercisable, weighted average term	10 years
Vested amount	$ 868,000
Description of options vesting		vest monthly over 36 months upon issuance

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)			6 Months Ended
	Jan. 11, 2022	Oct. 03, 2014	Jun. 30, 2022	Dec. 31, 2021
Issuance of debt discount	$ 135,000
Additional discount on debt	$ 799,128
Debt discount balance		$ 505,986
Line of credit		$ 30,000	$ 30,000	$ 30,000
Description of interest rate		8.00% at issuance to 34.00% for the period ended June 30, 2022
Fair value outstanding amount			$ 40,930
P C Convertible Note [Member]
[custom:NoteInterestRate-0]	10%
Convertible notes payable	$ 1,485,000
Description of short term debt			quarterly interest payments with the principal due at maturity on January 11, 2023
Description of warrants			2,700,000 warrants exercisable at $0.25 per share (Note 5). The warrants were fully vested at issuance and expire on July 11, 2023
Fair value of warrants			$ 1,958,000

The following table presents th

The following table presents the Company’s warrants as of June 30, 2022 (Details) - Company Warrants [Member]	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants, Number of Shares begnning | shares	0
Warrants, Weighted Average Exercise Price begnning | $ / shares	$ 0
Warrants,Weighted Average Remaining Life begnning
Issued | shares	2,700,000
Issued | $ / shares	$ 0.25
Issued	1 year 6 months
Exercised | shares	0
Exercised | $ / shares	$ 0
Exercised
Warrants, Number of Shares Ending | shares	2,700,000
Warrants, Weighted Average Exercise Price Ending | $ / shares	$ 0.25
Warrants,Weighted Average Remaining Life Ending	1 year 10 days

The following table presents _2

The following table presents the Company’s options as of June 30, 2022: (Details) - Company Options [Member]	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants, Number of Shares begnning | shares	2,059,068
Warrants, Weighted Average Exercise Price begnning | $ / shares	$ 0.52
Warrants,Weighted Average Remaining Life begnning	5 years 1 month 17 days
Issued | shares	1,245,000
Issued | $ / shares	$ 0.96
Issued	5 years
Forfeited | shares	0
Forfeited | $ / shares	$ 0
Forfeited
Exercised | shares	0
Exercised | $ / shares	$ 0
Exercised
Warrants, Number of Shares Ending | shares	3,304,068
Warrants, Weighted Average Exercise Price Ending | $ / shares	$ 0.68
Warrants,Weighted Average Remaining Life Ending	4 years 7 months 9 days

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)		1 Months Ended					3 Months Ended	6 Months Ended	12 Months Ended
	Apr. 05, 2022	Mar. 31, 2022	Feb. 28, 2022	Jan. 31, 2022	Jan. 31, 2022	Jan. 31, 2022	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Common stock, shares authorized								400,000,000	400,000,000
Common stock, par or stated value per share								$ 0.0001	$ 0.0001
Preferred stock, shares authorized								50,000,000	50,000,000
Preferred Stock, Par or Stated Value Per Share								$ 0.0001	$ 0.0001
Common stock, voting rights	1:1							1:1
Vested, number of shares								588,931
Nonvested, number of shares								2,715,137
[custom:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedTotalExpenses-0]								$ 1,714,651
Warrants [Member]
Risk free interest rate								0.70%
Expected volatility rate								428%
Fair value assumptions, exercise price								$ 0.25
Fair value assumptions, expected term								18 months
Options [Member]
Risk free interest rate							1.65%
Expected volatility rate									282%
Fair value assumptions, exercise price								$ 0.92
Fair value assumptions, expected term								5 years
Employment Agreements [Member]
Options Issued		$ 75,000	$ 170,000	$ 1,000,000	$ 150,000
Shares forfeiture		$ 84,609	$ 156,110		$ 868,000	$ 600,000
Note Agreement [Member]
Shares forfeiture					$ 1,958,000
[custom:WarrantsIssued]					2,700,000
Common Class A [Member]
Common stock, shares authorized								372,500,000	372,500,000
Common stock, par or stated value per share								$ 0.0001	$ 0.0001
Common stock, voting rights									1:1
Common Class B [Member]
Common stock, shares authorized								27,500,000	27,500,000
Common stock, par or stated value per share								$ 0.0001	$ 0.0001
Common stock, voting rights									20:1

The Company had the following r

The Company had the following revenue concentrations for the three and six months ended June 30, 2022 and 2021 and accounts receivable concentrations as of June 30, 2022 and December 31, 2021: (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Customer A [Member] | Revenue Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	5,600%		4,300%
Customer B [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	3,700%
Customer B [Member] | Revenue Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			4,000%
Customer B [Member] | Accounts Receivable Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			1,400%
Customer C [Member] | Revenue Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage				8,300%
Customer C [Member] | Accounts Receivable Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			63%	6,900%
Customer D [Member] | Revenue Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		10,000%		1,700%
Customer E [Member] | Accounts Receivable Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			1,100%	1,200%
Customer F [Member] | Accounts Receivable Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage				1,900%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Todd Michaels [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Advances payable	$ 22,154	$ 22,154
Three Percent Holder [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Advances payable	11,865	11,865
Largest Shareholder [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Advances payable	62,500	62,500
Elysian Fields Disposal [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Advances payable	120,000
Michaels Consulting [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Advances payable	$ 344,000	$ 364,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Aug. 11, 2022	Jul. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Amount of non-executive employment agreement			$ 72,936
Issue of common stock			35,139,920	0
[custom:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue2-0]			$ 214,354
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of option issued		100,000
Amount of non-executive employment agreement		$ 109,805
Amount of convertible amount	$ 150,000	$ 50,000
Issue of common stock	150,000	50,000
common stock at a price	$ 1	$ 1