Fearless Films (FERL) 10-Q 22 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 22, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-31441
Entity Registrant Name	FEARLESS FILMS, INC.
Entity Central Index Key	0001122742
Entity Tax Identification Number	33-0921357
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	467 Edgeley Blvd.
Entity Address, Address Line Two	Unit 2
Entity Address, City or Town	Concord
Entity Address, State or Province	ON
Entity Address, Postal Zip Code	L4K 4E9
City Area Code	(888)
Local Phone Number	928-0184
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Number of common stock shares outstanding		33,895,157

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash	$ 5,283	$ 39,036
Prepaid expenses [Note 10]	572,621	7,983
Total current assets	577,904	47,019
Intangible Assets [Note 5]	88,400	88,400
Total assets	666,304	135,419
Liabilities
Accounts payable [Note 6]	510,614	357,971
Accrued liabilities	58,168	50,195
Loan payable [Note 7]	378,422	367,635
Total current liabilities	947,204	775,801
Total liabilities	947,204	775,801
Stockholders deficiency
Preferred stock, $0.001 par value, 20,000,000 authorized. 1,000,000 shares issued and outstanding as at September 30, 2021 and December 31, 2020 respectively [Note 8]	1,000	1,000
Common stock, $0.001 par value, 500,000,000 authorized, 33,895,157 and 32,295,157 shares issued and outstanding as at September 30, 2021 and December 31, 2020 respectively [Note 8]	33,895	32,295
Common stock to be issued [Note 8]	1,859,149	878,353
Additional paid-in-capital	3,869,088	3,598,688
Accumulated other comprehensive income	171,205	166,667
Accumulated deficit	(6,215,237)	(5,317,385)
Total stockholders deficiency	(280,900)	(640,382)
Total liabilities and stockholders deficiency	$ 666,304	$ 135,419

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares, issued	33,895,157	32,295,157
Common stock, shares, outstanding	33,895,157	32,295,157

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
REVENUE
EXPENSES
General and administrative	684	1,376	3,646	3,500
Consulting Expenses [Note 10]	283,750	200,000	662,379	800,000
Management fees [Note 9]	15,005	39,377	44,997	118,506
Professional fees	38,171	574,331	128,567	1,266,605
Total operating expenses	337,610	815,084	839,589	2,188,611
(Loss) / Gain on settlement of payables [Note 8 & 10]		914,008	(37,000)	914,008
Interest Expense [Note 7]	(8,003)	(5,021)	(17,121)	(16,695)
Amortization of debt discount [Note 8]				(8,445)
Exchange (Loss) / Gain	(77,619)	98,768	(4,142)	102,047
Net (loss) income before income taxes	(423,232)	192,671	(897,852)	(1,197,696)
Income taxes
Net (loss) income	(423,232)	192,671	(897,852)	(1,197,696)
Foreign currency translation adjustment	80,610	(105,435)	4,538	(105,496)
Comprehensive (loss) income	$ (342,622)	$ 87,236	$ (893,314)	$ (1,303,192)
(Loss) earnings per share - basic and diluted	$ (0.01)	$ 0.01	$ (0.03)	$ (0.04)
Weighted average number of common shares - basic and diluted	33,895,157	31,882,087	33,725,193	31,730,804

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficiency (Unaudited) - USD ($)	Jul. 02, 2020	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Beginning balance	$ (1,653,468)	$ 39,006	$ (405,445)	$ (640,382)	$ (665,952)	$ (1,653,468)	$ (1,211,322)	$ (818,268)	$ (640,382)	$ (818,268)
Share Subscription for cash		22,716	8,080	50,000	160,473	717,880	555,228
Shares issued for acquisition of intangible assets						88,400
Shares issued for repayment of convertible notes						94,000
Shares issued for settlement of accounts payable			900,000	272,000
Foreign currency translation		80,610	(41,225)	(34,847)	(124,690)	(105,435)	(4,737)	4,676	4,538	(105,496)
Net loss for the period		(423,232)	(422,404)	(52,216)	(10,213)	192,671	(992,637)	(397,730)	(897,852)	(1,197,696)
Ending balance		(280,900)	39,006	(405,445)	(640,382)	(665,952)	(1,653,468)	(1,211,322)	(280,900)	(665,952)
Preferred Stock [Member]
Beginning balance	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000
Beginning balance, shares	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000
Share Subscription for cash
Shares issued for acquisition of intangible assets
Shares issued for repayment of convertible notes
Shares issued for settlement of accounts payable
Foreign currency translation
Net loss for the period
Ending balance		$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 1,000
Ending balance, shares		1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000
Common Stock [Member]
Beginning balance	$ 31,655	$ 33,895	$ 33,895	$ 32,295	$ 32,295	$ 31,655	$ 31,655	$ 31,655	$ 32,295	$ 31,655
Beginning balance, shares	31,655,005	33,895,157	33,895,157	32,295,157	32,295,157	31,655,005	31,655,005	31,655,005	32,295,157	31,655,005
Share Subscription for cash						$ 370
Share Subscription for cash, shares	333,333					370,152
Shares issued for acquisition of intangible assets						$ 170
Shares issued for acquisition of intangible assets, shares						170,000
Shares issued for repayment of convertible notes						$ 100
Shares issued for repayment of convertible notes, shares						100,000
Shares issued for settlement of accounts payable				$ 1,600
Shares issued for settlement of accounts payable, shares				1,600,000
Foreign currency translation
Net loss for the period
Ending balance		$ 33,895	$ 33,895	$ 33,895	$ 32,295	$ 32,295	$ 31,655	$ 31,655	$ 33,895	$ 32,295
Ending balance, shares		33,895,157	33,895,157	33,895,157	32,295,157	32,295,157	31,655,005	31,655,005	33,895,157	32,295,157
Common Stock To Be Issued [Member]
Beginning balance	$ 555,228	$ 1,836,433	$ 928,353	$ 878,353	$ 717,880	$ 555,228			$ 878,353
Beginning balance, shares	370,152	5,672,772	618,902	585,569	478,587	370,152			585,569
Share Subscription for cash		$ 22,716	$ 8,080	$ 50,000	$ 160,473	$ 162,652	$ 555,228
Share Subscription for cash, shares		61,439	53,870	33,333	106,982	108,435	370,152
Shares issued for acquisition of intangible assets
Shares issued for repayment of convertible notes
Shares issued for settlement of accounts payable			$ 900,000
Shares issued for settlement of accounts payable, shares			5,000,000
Foreign currency translation
Net loss for the period
Ending balance		$ 1,859,149	$ 1,836,433	$ 928,353	$ 878,353	$ 717,880	$ 555,228		$ 1,859,149	$ 717,880
Ending balance, shares		5,734,211	5,672,772	618,902	585,569	478,587	370,152		5,734,211	478,587
Additional Paid-in Capital [Member]
Beginning balance	$ 2,861,700	$ 3,869,088	$ 3,869,088	$ 3,598,688	$ 3,598,688	$ 2,861,700	$ 2,861,700	$ 2,861,700	$ 3,598,688	$ 2,861,700
Share Subscription for cash						554,858
Shares issued for acquisition of intangible assets						88,230
Shares issued for repayment of convertible notes						93,900
Shares issued for settlement of accounts payable				270,400
Foreign currency translation
Net loss for the period
Ending balance		3,869,088	3,869,088	3,869,088	3,598,688	3,598,688	2,861,700	2,861,700	3,869,088	3,598,688
AOCI Attributable to Parent [Member]
Beginning balance	396,792	90,595	131,820	166,667	291,357	396,792	401,529	396,853	166,667	396,853
Share Subscription for cash
Shares issued for acquisition of intangible assets
Shares issued for repayment of convertible notes
Shares issued for settlement of accounts payable
Foreign currency translation		80,610	(41,225)	(34,847)	(124,690)	(105,435)	(4,737)	4,676
Net loss for the period
Ending balance		171,205	90,595	131,820	166,667	291,357	396,792	401,529	171,205	291,357
Retained Earnings [Member]
Beginning balance	$ (5,499,843)	(5,792,005)	(5,369,601)	(5,317,385)	(5,307,172)	(5,499,843)	(4,507,206)	(4,109,476)	(5,317,385)	(4,109,476)
Share Subscription for cash
Shares issued for acquisition of intangible assets
Shares issued for repayment of convertible notes
Shares issued for settlement of accounts payable
Foreign currency translation
Net loss for the period		(423,232)	(422,404)	(52,216)	(10,213)	192,671	(992,637)	(397,730)
Ending balance		$ (6,215,237)	$ (5,792,005)	$ (5,369,601)	$ (5,317,385)	$ (5,307,172)	$ (5,499,843)	$ (4,507,206)	$ (6,215,237)	$ (5,307,172)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
OPERATING ACTIVITIES
Net (loss) income	$ (423,232)	$ 192,671	$ (897,852)	$ (1,197,696)
Adjustments to reconcile net income (loss) to net cash used in operations:
Loss/(Gain) on settlement of accounts payable		(914,008)	37,000	(914,008)
Amortization of debt discount				8,445
Changes in operating assets and liabilities:
Prepaid expenses			(564,643)	(9,946)
Accounts payable			1,287,677	918,658
Accrued liabilities			7,987	5,763
Cash used in operating activities			(129,831)	(1,188,784)
FINANCING ACTIVITIES
Issue of Shares for cash			80,796	1,273,108
Proceeds from Loans Payable			10,800	28,001
Cash provided by financing activities			91,596	1,301,109
Net increase (decrease) in cash during the period			(38,235)	112,325
Effect of foreign currency translation			4,482	(104,365)
Cash at beginning			39,036	2,779
Cash at end	$ 5,283	$ 10,739	5,283	10,739
Additional cash flow information
Interest paid
Taxes paid

NATURE OF OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS Fearless Films, Inc. (the “Company “) was incorporated in the State of Nevada as MYG Corp. on July 06, 2000. The Company changed its name from time to time and its latest name change was from Paw4mance Pet Products International, Inc. to Fearless Films, Inc. effective from November 19, 2014. Pursuant to Share Exchange Agreement dated August 5, 2014 and its subsequent amendments effective from that date, the Company acquired 100% of the issued and outstanding shares of a Canadian based entity, Fearless Films Inc. (“Fearless”) in exchange for 1,000,000 30,000,000 Pursuant to Share Exchange Agreement as explained above, the Company also effected a reverse split of its common stock by 1 share for 1,000 shares On October 26, 2020 the Company approved a reverse stock split of its issued and outstanding shares of common stock on a one share for 10 shares (1:10) basis 32,295,157

BASIS OF PRESENTATION, MEASUREM

BASIS OF PRESENTATION, MEASUREMENT AND CONSOLIDATION	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
BASIS OF PRESENTATION, MEASUREMENT AND CONSOLIDATION	2. BASIS OF PRESENTATION, MEASUREMENT AND CONSOLIDATION The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and are expressed in United States dollars (“USD”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair statement of the financial position, results of operations and cash flows for the nine months ended September 30, 2021 and 2020 have been included. Operating results for the nine months ended September 30, 2021 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2021. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Fearless. Significant intercompany accounts and transactions have been eliminated. The financial statements should be read in conjunction with the financial statements for the year ended December 31, 2020.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	3. GOING CONCERN The consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has incurred recurring losses from operations and as at September 30, 2021 and December 31, 2020 and had a working capital deficiency of $ 369,300 728,782 6,215,237 5,317,385 Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 3. GOING CONCERN (continued) The Company’s continued existence is dependent upon its ability to continue to execute its operating plan and to obtain additional debt or equity financing. There can be no assurance that the necessary debt or equity financing will be available or will be available on terms acceptable to the Company, in which case there may be substantial doubt that the Company will be able to meet its obligations. Should the Company be unable to realize its assets and discharge its liabilities in the normal course of business, the net realizable value of its assets may be materially less than the amounts recorded in the consolidated financial statements. The consolidated financial statements do not include any adjustments relating to the recoverability of recorded asset amounts that might be necessary should the Company be unable to continue in existence.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents Cash includes cash on hand and balances with banks. Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Areas involving significant estimates and assumptions include, fair value of stock options or services offered, deferred income tax assets and related valuation allowance, and accruals. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. Earnings (Loss) Per Share The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 260-10 which provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. Diluted earnings per share exclude all potentially dilutive shares if their effect is anti-dilutive. Series A are convertible into common, and potentially dilutive. Foreign Currency Translation The functional currency of the parent Company is United States dollar and the functional currency of the subsidiary is Canadian dollar. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities are translated using the historical rate on the date of the transaction. All exchange gains or losses arising from translation of these foreign currency transactions are included in net loss for the year. In translating the financial statements of the Company’s Canadian subsidiary from its functional currency into the Company’s reporting currency of United States dollars, balance sheet accounts are translated using the closing exchange rate in effect at the balance sheet date and income and expense accounts are translated using an average exchange rate prevailing during the reporting period. Adjustments resulting from the translation, if any, are included in accumulated other comprehensive income (loss) in stockholders’ equity. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred. During the three and nine months ended September 30, 2021 the Company incurred $ nil 2,397 288 940 Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single set of guidelines for revenue recognition to be used across all industries and requires additional disclosures. The updated guidance introduces a five-step model to achieve its core principle of the entity recognizing revenue to depict the transfer of goods or services to customers at an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted the updated guidance effective January 1, 2018 using the full retrospective method. Under ASC 606, in order to recognize revenue, the Company is required to identify an approved contract with commitments to preform respective obligations, identify rights of each party in the transaction regarding goods to be transferred, identify the payment terms for the goods transferred, verify that the contract has commercial substance and verify that collection of substantially all consideration is probable. The adoption of ASC 606 did not have an impact on the Company’s operations or cash flows since the Company has not started earning any revenue. Fair Value of Financial Instruments ASC 820 defines fair value, establishes a framework for measuring fair value and expands required disclosure about fair value measurements of assets and liabilities. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: ● Level 1 – Valuation based on quoted market prices in active markets for identical assets or liabilities. ● Level 2 – Valuation based on quoted market prices for similar assets and liabilities in active markets. ● Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments or interest rates that are comparable to market rates. These financial instruments include cash and accounts payable. The Company’s cash, which is carried at fair value, is classified as a Level 1 financial instrument. The Company’s bank accounts are maintained with financial institutions of reputable credit, therefore, bear minimal credit risk. Intangible Assets Intangible assets are initially valued at fair value using generally accepted valuation methods appropriate for the type of intangible asset. Intangible assets with definite lives are amortized over their estimated useful lives and are reviewed for impairment if indicators of impairment arise. Intangible assets with indefinite lives are tested for impairment within one year of acquisitions or annually and whenever indicators of impairment exist. The fair value of intangible assets are compared with their carrying values, and an impairment loss would be recognized for the amount by which the carrying amount exceeds its fair value. The Company considers the intangibles acquired as assets with indefinite life and so not amortized. Convertible Notes Payable The Company accounted for conversion options embedded in convertible notes in accordance with ASC 815. ASC 815 generally requires companies to bifurcate conversion options embedded in convertible notes from their host instruments and to account for them as free-standing derivative financial instruments. ASC 815 provides for an exception to this rule when convertible notes, as host instruments, are deemed to be conventional, as defined by ASC 815-40. The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, in accordance with the provisions of ASC 470-20, which provides guidance on accounting for convertible securities with beneficial conversion features. Accordingly, the Company records, as a discount to convertible notes, the intrinsic value of such conversion options based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt. Stock Based Compensation The Company accounts for share-based payments in accordance with the provision of ASC 718, which requires that all share-based payments issued to acquire goods or services, including grants of employee stock options, be recognized in the consolidated statement of operations based on their fair values, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation expense related to share-based awards is recognized over the requisite service period, which is generally the vesting period. The Company accounts for stock-based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the guidelines in ASC 718. The Company issues compensatory shares for services including, but not limited to, executive, management, accounting, operations, corporate communication, financial and administrative consulting services. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, “Changes to Disclosure Requirements for Fair Value Measurements”, which will improve the effectiveness of disclosure requirements for recurring and nonrecurring fair value measurements. The standard removes, modifies, and adds certain disclosure requirements, and is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company has adopted this pronouncement effective January 1, 2020 with no material impact for the Company on the consolidated financial statements given no fair value measurements at this time. In June 2018, the FASB issued an accounting pronouncement (FASB ASU 2018-07) to expand the scope of ASC Topic 718, Compensation - Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company has adopted this pronouncement effective January 1, 2019 with no material impact for the Company on the consolidated financial statements given no outstanding equity awards. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments, which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The new standard is effective for fiscal years and interim periods within those years beginning after December 15, 2022 In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This guidance revises the accounting related to leases by requiring lessees to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions. This ASU is effective for annual reporting periods beginning after December 15, 2018 and early adoption is permitted. The Company is an emerging growth company and, under the optional 1-year deferral, the Company has adopted this pronouncement effective January 1, 2020 with no material impact for the Company on the consolidated financial statements given no leases at this time.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	5. INTANGIBLE ASSETS Intangible assets were comprised of the following at: SCHEDULE OF INDEFINITE-LIVED INTANGIBLE ASSETS September 30, December 31, $ $ Rights to an online film marketplace 52,000 52,000 Rights and interests in Films 20,800 20,800 Film Scripts 15,600 15,600 Net carrying value 88,400 88,400 All intangible assets are considered to be indefinite life assets and not amortized. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars)

ACCOUNTS PAYABLE

ACCOUNTS PAYABLE	9 Months Ended
	Sep. 30, 2021
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE	6. ACCOUNTS PAYABLE As at September 30, 2021, total accounts payable include $ 45,154 268,237

LOANS PAYABLE

LOANS PAYABLE	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
LOANS PAYABLE	7. LOANS PAYABLE On July 1, 2021, the Company entered into a loan agreement with a third party for $ 50,000 5 repayable on demand within 180 days of written notice of such demand. 10,800 As at September 30, 2021, the Company owed $ 367,622 367,635 5 As at September 30, 2021, accrued liabilities includes interest on loans payable of $ 51 44,481

STOCKHOLDERS_ DEFICIENCY

STOCKHOLDERS’ DEFICIENCY	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
STOCKHOLDERS’ DEFICIENCY	8. STOCKHOLDERS’ DEFICIENCY Share Exchange Agreement As explained in Note 1 to the consolidated financial statements, on August 5, 2014 the Company acquired 100% 1,000,000 30,000,000 Authorized stock The Company is authorized to issue 500,000,000 0.001 20,000,000 0.001 Common Stock As explained in Note 1 to the consolidated financial statements, on September 23, 2014, the Board of Directors and stockholders of the Company approved a Certificate of Amendment to its Articles of Incorporation for a 1:1000 Reverse split 155,085,275 155,289 As explained in Note 1 to the consolidated financial statements, on October 26, 2020, the Board of Directors and stockholders of the Company approved a Certificate of Amendment to its Articles of Incorporation for a 1:10 Reverse split 322,944,837 32,295,157 290,649 On June 1, 2020, the Company entered into private placement agreements with shareholders for issue of 666,667 shares at a price of $ 1.50 per common share for a total of $ 1,000,000 gross proceeds. As at September 30, 2021 gross proceeds received are $ 652,923 . As at September 30, 2021, 337,900 shares have been issued and 97,382 shares are included in common stock to be issued. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 8. STOCKHOLDERS’ DEFICIENCY (continued) On June 15, 2020, the Company announced their decision to purchase the film “The Lunatic” from the President and CEO of the operating subsidiary. The purchase price will be in the form of common shares and the number of shares will be set by an independent appraisal of the film expected to take place during the fourth quarter of 2021. On June 17, 2020, the Company announced the acquisition of FilmOla.com, a website for aficionados of film and which can provide a platform for distribution for the Company’s media properties. Payment for this acquisition was in the form of 100,000 common shares of the Company. As at September 30, 2021, these shares have been issued and fair valued at $ 52,000 based on market price at the time of issue and included in intangible assets. On June 24, 2020, the Company announced the acquisition of rights to the film, Only Minutes, an addition to the company’s growing library of media titles. Payment for this acquisition was in the form of 20,000 common shares of the Company. As at September 30, 2021, these shares have been issued and fair valued at $ 10,400 based on market price at the time of issue and included in intangible assets. On July 1, 2020, the Company entered into private placement agreements with shareholders for issue of 333,333 shares at a price of $ 1.50 per common share for a total of $ 500,000 gross proceeds. As at September 30, 2021 gross proceeds received are $ 396,615 and the respective 264,410 are included in common stock to be issued. On July 1, 2020, the Company entered into a private placement agreement with a third party for issue of 333,333 shares at a price of $ 1.50 per common share for a total of $ 500,000 gross proceeds of. As at September 30, 2021 gross proceeds received are $ 434,043 . As at September 30, 2021, 32,252 shares have been issued and 257,110 shares are included in common stock to be issued. On July 28, 2020, the Company announced the acquisition of rights to the film, In the Lair, an addition to the company’s growing library of media titles. Payment for this acquisition was in the form of 20,000 common shares of the Company. As at September 30, 2021, these shares have been issued and fair valued at $ 10,400 based on market price at the time of issue and included in intangible assets. On August 24, 2020, the Company announced the acquisition of film script Dead Bounty, another significant addition to the company’s growing portfolio of films and intellectual property. Payment for this acquisition was in the form of 30,000 common shares of the Company. As at September 30, 2021, these shares have been issued and fair valued at $ 15,600 based on market price at the time of issue and included in intangible assets. On January 30, 2021, the Company issued 1,600,000 272,000 320,000 48,000 On May 3, 2021, the Company authorised to issue 5,000,000 shares of common stock with a fair value of $ 900,000 to settle a accounts payable of $ 815,000 , resulting in a loss of $ 85,000 . The fair value of the common stock was determined based on the closing price of the Company’s common stock on the date of settlement. As at September 30, 2021, these shares have not been issued and included in common stock to be issued. (Note 10). On June 1, 2021, the Company entered into a private placement agreement with a third party for issue of 666,667 0.15 100,000 15,796 no Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 8. STOCKHOLDERS’ DEFICIENCY (continued) As at September 30, 2021, the Company has 33,895,157 32,295,157 22,400,419 11,494,738 Preference Stock On June 25, 2014, the Board of Directors authorized the following designations for the class of 20,000,000 0.001 ● 10,000,000 Each Preference Share of Series A shall have 100 votes 10 ● 10,000,000 Each Preference Share of Series B shall have no voting rights 10 On August 5, 2014, the Company issued 1,000,000 As at September 30, 2021 and December 31, 2020, the Company has 1,000,000

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES	9. RELATED PARTY TRANSACTIONS AND BALANCES The Company’s transactions with related parties were carried out on normal commercial terms and in the course of the Company’s business. Other than those disclosed elsewhere in the financial statements, the related party transactions and balances are as follows: On January 1, 2019, the Company entered into a consulting agreement with a shareholder. Pursuant to this agreement, the compensation is $ 5,000 During the year ended December 31, 2019, the Company entered into loan agreements for $ 184,000 On January 1, 2020, the Company entered into a loan agreement for $ 28,000 On June 1, 2020, the Company entered into a share subscription agreement for 233,333 shares of the Company at $ 1.50 per share for a total of $ 350,000 , with a shareholder who is also the brother of the President and CEO of the Company. As at September 30, 2021 gross proceeds received are $ 62,000 . As at September 30, 2021, 31,333 shares have been issued and 10,000 shares are included in common stock to be issued. On June 15, 2020, the Company announced their decision to purchase the film “The Lunatic” from the President and CEO of the Company. The purchase price will be in the form of common shares and the number of shares will be set by an independent appraisal of the film expected to take place during the fourth quarter of 2021. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 9. RELATED PARTY TRANSACTIONS AND BALANCES (continued) Management fees for the three and nine months ended September 30, 2021 represent charges from directors of $ 15,005 44,997 39,377 118,506 45,154 254,922 As at September 30, 2021, all loans from related parties remain unpaid.

COMMITMENTS

COMMITMENTS	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	10. COMMITMENTS On May 11, 2020, the Company entered into an agreement with a company who is to assist with investor relations efforts aimed at increasing the investment community’s awareness of Fearless Films (OTC: FERL). Fees for these services are to be mutually agreed as and when services are provided, and the agreement will remain valid unless terminated prior to the 1st of any month. Either party may terminate the agreement upon written notice to the other party. As at September 30, 2021, the contract has not been terminated. On January 8, 2021, the Company entered into an agreement with a company for consulting services and to gain access to a premier investor intelligence and communications platform built to track shareholders’ behaviors and trends and manage investor outreach. Initial term of the agreement is one year and will automatically renew on a month-to-month basis after the first year until either party gives the other party written notice of non-renewal at least 30 days prior to the expiration of the then-current term “Renewal Term”. Pursuant to the agreement, fees for the first year were $ 320,000 80,000 222,796 nil nil 97,204 On January 30, 2021, the Company issued 1,600,000 320,000 272,000 48,000 On March 23, 2021, the Company entered into an agreement with a company who is to assist with investor relations efforts aimed at increasing the investment community’s awareness of Fearless Films (OTC: FERL). Fees for these services are to be $ 100,000 100,000 815,000 203,750 339,583 nil nil 475,417 On May 3, 2021, the Company authorized to issue 5,000,000 815,000 900,000 85,000 Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	11. SUBSEQUENT EVENTS The Company’s management has evaluated subsequent events up to November 22, 2021, the date the consolidated financial statements were issued, pursuant to the requirements of ASC 855 and has determined the following material subsequent events: During October 2021, pursuant to a loan agreement with a third-party dated July 1, 2021, the Company received a further $ 5,000 5 The occurrence of the COVID-19 pandemic may negatively affect our business, financial condition and results of operations. We are in the early stages of developing our business plan of building a revenue-producing film service business and becoming an independent producer of television and movie content. Because our business is customer driven, our revenue requirements will be reviewed and adjusted based on future revenues. Expenses associated with operating as a public company are included in management’s budget. The occurrence of an uncontrollable event such as the COVID-19 pandemic is likely to negatively affect our operations. A pandemic such as COVID-19 can result in social distancing, travel bans and quarantines, which can lead to limited access to customers, management, support staff, consultants and professional advisors. These, in turn, will not only impact our operations, financial condition and demand for our services and products, but our overall ability to react timely to mitigate the impact of the event. It may also substantially hamper our efforts to provide investors with timely information and our ability to comply with filing obligations with the SEC.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents Cash includes cash on hand and balances with banks.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Areas involving significant estimates and assumptions include, fair value of stock options or services offered, deferred income tax assets and related valuation allowance, and accruals. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known.
Earnings (Loss) Per Share	Earnings (Loss) Per Share The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 260-10 which provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. Diluted earnings per share exclude all potentially dilutive shares if their effect is anti-dilutive. Series A are convertible into common, and potentially dilutive.
Foreign Currency Translation	Foreign Currency Translation The functional currency of the parent Company is United States dollar and the functional currency of the subsidiary is Canadian dollar. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities are translated using the historical rate on the date of the transaction. All exchange gains or losses arising from translation of these foreign currency transactions are included in net loss for the year. In translating the financial statements of the Company’s Canadian subsidiary from its functional currency into the Company’s reporting currency of United States dollars, balance sheet accounts are translated using the closing exchange rate in effect at the balance sheet date and income and expense accounts are translated using an average exchange rate prevailing during the reporting period. Adjustments resulting from the translation, if any, are included in accumulated other comprehensive income (loss) in stockholders’ equity. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Advertising and Marketing Costs	Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred. During the three and nine months ended September 30, 2021 the Company incurred $ nil 2,397 288 940
Revenue Recognition	Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single set of guidelines for revenue recognition to be used across all industries and requires additional disclosures. The updated guidance introduces a five-step model to achieve its core principle of the entity recognizing revenue to depict the transfer of goods or services to customers at an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted the updated guidance effective January 1, 2018 using the full retrospective method. Under ASC 606, in order to recognize revenue, the Company is required to identify an approved contract with commitments to preform respective obligations, identify rights of each party in the transaction regarding goods to be transferred, identify the payment terms for the goods transferred, verify that the contract has commercial substance and verify that collection of substantially all consideration is probable. The adoption of ASC 606 did not have an impact on the Company’s operations or cash flows since the Company has not started earning any revenue.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820 defines fair value, establishes a framework for measuring fair value and expands required disclosure about fair value measurements of assets and liabilities. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: ● Level 1 – Valuation based on quoted market prices in active markets for identical assets or liabilities. ● Level 2 – Valuation based on quoted market prices for similar assets and liabilities in active markets. ● Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments or interest rates that are comparable to market rates. These financial instruments include cash and accounts payable. The Company’s cash, which is carried at fair value, is classified as a Level 1 financial instrument. The Company’s bank accounts are maintained with financial institutions of reputable credit, therefore, bear minimal credit risk.
Intangible Assets	Intangible Assets Intangible assets are initially valued at fair value using generally accepted valuation methods appropriate for the type of intangible asset. Intangible assets with definite lives are amortized over their estimated useful lives and are reviewed for impairment if indicators of impairment arise. Intangible assets with indefinite lives are tested for impairment within one year of acquisitions or annually and whenever indicators of impairment exist. The fair value of intangible assets are compared with their carrying values, and an impairment loss would be recognized for the amount by which the carrying amount exceeds its fair value. The Company considers the intangibles acquired as assets with indefinite life and so not amortized.
Convertible Notes Payable	Convertible Notes Payable The Company accounted for conversion options embedded in convertible notes in accordance with ASC 815. ASC 815 generally requires companies to bifurcate conversion options embedded in convertible notes from their host instruments and to account for them as free-standing derivative financial instruments. ASC 815 provides for an exception to this rule when convertible notes, as host instruments, are deemed to be conventional, as defined by ASC 815-40. The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, in accordance with the provisions of ASC 470-20, which provides guidance on accounting for convertible securities with beneficial conversion features. Accordingly, the Company records, as a discount to convertible notes, the intrinsic value of such conversion options based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt.
Stock Based Compensation	Stock Based Compensation The Company accounts for share-based payments in accordance with the provision of ASC 718, which requires that all share-based payments issued to acquire goods or services, including grants of employee stock options, be recognized in the consolidated statement of operations based on their fair values, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation expense related to share-based awards is recognized over the requisite service period, which is generally the vesting period. The Company accounts for stock-based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the guidelines in ASC 718. The Company issues compensatory shares for services including, but not limited to, executive, management, accounting, operations, corporate communication, financial and administrative consulting services. Fearless Films, Inc. Notes to Consolidated Financial Statements For the three and nine months ended September 30, 2021 and 2020 (Unaudited) (Expressed in US dollars) 4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, “Changes to Disclosure Requirements for Fair Value Measurements”, which will improve the effectiveness of disclosure requirements for recurring and nonrecurring fair value measurements. The standard removes, modifies, and adds certain disclosure requirements, and is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company has adopted this pronouncement effective January 1, 2020 with no material impact for the Company on the consolidated financial statements given no fair value measurements at this time. In June 2018, the FASB issued an accounting pronouncement (FASB ASU 2018-07) to expand the scope of ASC Topic 718, Compensation - Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company has adopted this pronouncement effective January 1, 2019 with no material impact for the Company on the consolidated financial statements given no outstanding equity awards. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments, which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The new standard is effective for fiscal years and interim periods within those years beginning after December 15, 2022 In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This guidance revises the accounting related to leases by requiring lessees to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions. This ASU is effective for annual reporting periods beginning after December 15, 2018 and early adoption is permitted. The Company is an emerging growth company and, under the optional 1-year deferral, the Company has adopted this pronouncement effective January 1, 2020 with no material impact for the Company on the consolidated financial statements given no leases at this time.

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INDEFINITE-LIVED INTANGIBLE ASSETS	Intangible assets were comprised of the following at: SCHEDULE OF INDEFINITE-LIVED INTANGIBLE ASSETS September 30, December 31, $ $ Rights to an online film marketplace 52,000 52,000 Rights and interests in Films 20,800 20,800 Film Scripts 15,600 15,600 Net carrying value 88,400 88,400

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative) - shares	Oct. 26, 2020	Aug. 05, 2014	Sep. 30, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Rreverse stock split, description	the Company approved a reverse stock split of its issued and outstanding shares of common stock on a one share for 10 shares (1:10) basis	reverse split of its common stock by 1 share for 1,000 shares
Common stock, shares, issued			33,895,157	32,295,157
Common stock, shares, outstanding			33,895,157	32,295,157
Fearless Films Inc (Canada) [Member]
Restructuring Cost and Reserve [Line Items]
Business acquisition, description		the Company acquired 100% of the issued and outstanding shares of a Canadian based entity, Fearless Films Inc. (“Fearless”) in exchange for 1,000,000 Preferred Shares and 30,000,000 Common Shares of the Company.
Fearless Films Inc (Canada) [Member] | Preferred Stock [Member]
Restructuring Cost and Reserve [Line Items]
Number of shares issued		1,000,000
Fearless Films Inc (Canada) [Member] | Common Stock [Member]
Restructuring Cost and Reserve [Line Items]
Number of shares issued		30,000,000

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital dificit	$ 369,300	$ 728,782
Accumulated deficit	$ 6,215,237	$ 5,317,385

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Accounting Policies [Abstract]
Marketing and advertising expense		$ 288	$ 2,397	$ 940

SCHEDULE OF INDEFINITE-LIVED IN

SCHEDULE OF INDEFINITE-LIVED INTANGIBLE ASSETS (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Indefinite-lived Intangible Assets [Line Items]
Net carrying value	$ 88,400	$ 88,400
Rights to an Online Film Marketplace [Member]
Indefinite-lived Intangible Assets [Line Items]
Net carrying value	52,000	52,000
Rights and Interests in Films [Member]
Indefinite-lived Intangible Assets [Line Items]
Net carrying value	20,800	20,800
Film Scripts [Member]
Indefinite-lived Intangible Assets [Line Items]
Net carrying value	$ 15,600	$ 15,600

ACCOUNTS PAYABLE (Details Narra

ACCOUNTS PAYABLE (Details Narrative) - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Payables and Accruals [Abstract]
Accounts payable, related parties, current	$ 45,154	$ 268,237

LOANS PAYABLE (Details Narrativ

LOANS PAYABLE (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2021	Jul. 01, 2021	Dec. 31, 2020	Sep. 30, 2020
Short-term Debt [Line Items]
Loans payable	$ 378,422		$ 367,635
Loan payable term	repayable on demand within 180 days of written notice of such demand.
Loans Payable [Member]
Short-term Debt [Line Items]
Loans payable	$ 367,622	$ 50,000		$ 367,635
Loan interest rate	5.00%	5.00%
Proceeds from loan	$ 10,800
Interest on loan payable	51
Implied interest	$ 44,481

STOCKHOLDERS_ DEFICIENCY (Detai

STOCKHOLDERS’ DEFICIENCY (Details Narrative) - USD ($)	Jun. 02, 2021	May 03, 2021	Jan. 30, 2021	Jan. 02, 2021	Oct. 26, 2020	Aug. 24, 2020	Jul. 28, 2020	Jul. 02, 2020	Jun. 24, 2020	Jun. 17, 2020	Jun. 02, 2020	Sep. 23, 2014	Aug. 05, 2014	Jun. 25, 2014	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares authorized															500,000,000	500,000,000		500,000,000				500,000,000
Common stock par value															$ 0.001	$ 0.001		$ 0.001				$ 0.001
Preferred stock, shares authorized															20,000,000	20,000,000		20,000,000				20,000,000
Preferred stock, par value															$ 0.001	$ 0.001		$ 0.001				$ 0.001
Stock split description					1:10 Reverse split							1:1000 Reverse split
Shares issued in private placement, shares	666,667
Proceeds from common stock				$ 100,000				$ 500,000										$ 80,796	$ 1,273,108
Common stock, shares, issued															33,895,157	33,895,157		33,895,157				32,295,157
Stock Issued During Period, Value, Purchase of Assets																	$ 88,400
Stock issued to settle accounts payable, shares		5,000,000	1,600,000
Stock issued to settle accounts payable, value		$ 900,000	$ 272,000
Accounts payable		815,000	320,000
Loss on settlement of accounts payable		$ 85,000	$ 48,000														$ 914,008	$ (37,000)	$ 914,008
Common stock, shares, outstanding															33,895,157	33,895,157		33,895,157				32,295,157
Preferred stock, shares issued															1,000,000	1,000,000		1,000,000				1,000,000
Preferred stock, shares outstanding															1,000,000	1,000,000		1,000,000				1,000,000
Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized														10,000,000
Preferred stock voting rights														Preference Share of Series A shall have 100 votes
Preferred stock converted into common stock, shares														10
Preferred stock, shares issued													1,000,000
Series B Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized														10,000,000
Preferred stock voting rights														Preference Share of Series B shall have no voting rights
Preferred stock converted into common stock, shares														10
Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares, outstanding															22,400,419	22,400,419		22,400,419
Preferred stock, shares outstanding															1,000,000	1,000,000		1,000,000				1,000,000
Unrestricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares, outstanding															11,494,738	11,494,738		11,494,738
Rights to an Online Film Marketplace [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Purchase of Assets										100,000
Stock Issued During Period, Value, Purchase of Assets																		$ 52,000
Rights and Interes in Films Two [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Purchase of Assets									20,000
Stock Issued During Period, Value, Purchase of Assets																		10,400
Rights and Interest in Films Three [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Purchase of Assets							20,000
Stock Issued During Period, Value, Purchase of Assets																		10,400
Film Scripts [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Purchase of Assets						30,000
Stock Issued During Period, Value, Purchase of Assets																		$ 15,600
Director [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized														20,000,000
Preferred stock, par value														$ 0.001
Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares, outstanding															1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000
Stock Issued During Period, Value, Purchase of Assets
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock par value	$ 0.15							$ 1.50
Common stock decreased due to reverse stock split					322,944,837							155,085,275
Shares, outstanding					32,295,157							155,289			33,895,157	33,895,157	32,295,157	33,895,157	32,295,157	33,895,157	33,895,157	32,295,157	31,655,005	31,655,005	31,655,005
Adjustments to additional paid in capital stock split					$ 290,649
Shares issued in private placement, shares								333,333									370,152
Stock Issued During Period, Shares, Purchase of Assets																	170,000
Stock Issued During Period, Value, Purchase of Assets																	$ 170
Common Stock to be Issued One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Proceeds from common stock								$ 500,000							$ 396,615
Common Stock, Shares Subscribed but Unissued															264,410	264,410		264,410
Common Stock to be Issued Two [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock par value								$ 1.50
Shares issued in private placement, shares								333,333
Proceeds from common stock															$ 434,043			$ 15,796
Shares, Issued															32,252	32,252		32,252
Common Stock, Shares Subscribed but Unissued															257,110	257,110		257,110
Share Exchange Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Acquisition of issued and outstanding percentage													100.00%
Share Exchange Agreement [Member] | Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of shares pursuant to share exchange, shares													1,000,000
Share Exchange Agreement [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of shares pursuant to share exchange, shares													30,000,000
Private Placement Agreements [Member] | Shareholders [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Proceeds from common stock											$ 1,000,000				$ 652,923
Shares, Issued															337,900	337,900		337,900
Common stock, shares, issued															97,382	97,382		97,382
Private Placement Agreements [Member] | Common Stock [Member] | Shareholders [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock par value											$ 1.50
Shares issued in private placement, shares											666,667

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) - USD ($)	Jan. 02, 2021	Jul. 02, 2020	Jan. 01, 2019	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Jun. 01, 2020	Jan. 01, 2020	Dec. 31, 2019
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share based compensation			$ 5,000
Loan payable				$ 378,422	$ 378,422		$ 378,422		$ 367,635
Common Stock, Shares, Issued				33,895,157	33,895,157		33,895,157		32,295,157
Common Stock, Par or Stated Value Per Share				$ 0.001	$ 0.001		$ 0.001		$ 0.001
Proceeds from Issuance of Common Stock	$ 100,000	$ 500,000					$ 80,796	$ 1,273,108
Management fee					$ 15,005	$ 39,377	44,997	118,506
Accounts payable				$ 45,154	$ 45,154	$ 268,237	$ 45,154	$ 268,237
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Loan payable											$ 28,000	$ 184,000
Common Stock, Shares, Issued										233,333
Common Stock, Par or Stated Value Per Share										$ 1.50
Common Stock, Value, Subscriptions										$ 350,000
Proceeds from Issuance of Common Stock				$ 62,000
Shares, Issued				31,333	31,333		31,333
Common Stock, Shares Subscribed but Unissued				10,000	10,000		10,000
Director [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Accounts payable				$ 45,154	$ 45,154		$ 45,154		$ 254,922

COMMITMENTS (Details Narrative)

COMMITMENTS (Details Narrative) - USD ($)	May 03, 2021	Jan. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 23, 2021	Jan. 08, 2021
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Agreement fee for first year								$ 320,000
Consulting expenses			$ 80,000		$ 222,796
Prepaid expenses			97,204		97,204
Common stock shares issued in settlement, share	5,000,000	1,600,000
Consulting expenses	$ 815,000	$ 320,000
Common stock shares issued in settlement, value	900,000	272,000
Gain on settlement of fee		$ 48,000
Loss on settlement of fee	85,000
Investor [Member]
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Consulting expenses			203,750	$ 0	339,583	$ 0
Prepaid expenses			$ 475,417		$ 475,417
Service commitment fee first month							$ 100,000
Service commitment fee second month	100,000
Service commitment fee third month	$ 815,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Oct. 31, 2021	Sep. 30, 2021	Jul. 01, 2021	Dec. 31, 2020	Sep. 30, 2020
Subsequent Event [Line Items]
Loans payable		$ 378,422		$ 367,635
Loans Payable [Member]
Subsequent Event [Line Items]
Loans payable		$ 367,622	$ 50,000		$ 367,635
Loan interest rate		5.00%	5.00%
Loans Payable [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Loans payable	$ 5,000
Loan interest rate	5.00%