EnerTeck (ETCK) 10-K 31 Mar 21 2020 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2021	Jun. 30, 2020
Cover [Abstract]
Entity Registrant Name	ENERTECK CORP
Entity Central Index Key	0001128353
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Entity Common Stock Shares Outstanding		36,380,690
Entity Public Float			$ 917,165
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 86,820	$ 19,876
Inventory	75,147	52,028
Receivable - trade, net	36,606	10,740
Prepaid expenses	12,552	16,165
Total current assets	211,125	98,809
Inventory, net of current portion	37,524	37,524
Intellectual property, net of accumulated amortization of $25,000 and $12,500, respectively	125,000	137,500
Website, net of accumulated amortization of $32,738 and $30,194, respectively	0	2,544
Property and equipment, net of accumulated depreciation of $269,002 and $268,762, respectively	1,321	1,161
TOTAL ASSETS	374,970	277,538
Current liabilities
Accounts payable	215,476	204,515
Customer advances	50,900	50,900
Related party notes and advances	3,057,500	2,432,500
Accrued compensation	4,508,804	4,297,641
Accrued interest	1,828,012	1,576,336
Accrued liabilities - other	217,375	171,592
Deferred revenue	9,028	17,361
Total current liabilities	9,887,095	8,750,845
Noncurrent liabilities
Note payable	73,000	0
Total liabilities	9,960,195	8,750,845
Commitments and contingencies (Note 11)	0	0
Stockholders' deficit
Preferred stock, $.001 par value, authorized 10,000,000 shares, none issued and outstanding at December 31, 2020 and 2019	0	0
Common stock, $.001 par value, authorized 100,000,000 shares, 36,380,690 issued and outstanding at December 31, 2020 and 2019	36,381	36,381
Additional paid-in capital	29,293,021	29,293,021
Accumulated deficit	(38,914,627)	(37,802,709)
Total stockholders' deficit	(9,585,225)	(8,473,307)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 374,970	$ 277,538

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets
Accumulated amortization intellectual property	$ 25,000	$ 12,500
Accumulated amortization of Website, net	32,738	30,194
Accumulated depreciation of Property and equipment, net	$ 269,002	$ 268,762
Stockholders' deficit
Preferred stock, shares par value	$ .001	$ .001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	0	0
Preferred stock, shares issued	0	0
Common stock, shares par value	$ .001	$ .001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	36,380,690	36,380,690
Common stock, shares outstanding	36,380,690	36,380,690

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenues	$ 95,455	$ 51,815
Cost of goods sold	13,188	12,279
Gross profit	82,267	39,536
General and administrative expenses
Wages	535,008	529,443
Depreciation and amortization	15,284	19,496
Other selling, general and administrative	392,371	467,964
Total expenses	942,663	1,016,903
Operating loss	(860,396)	(977,367)
Interest income	3	36
Other income	1,250	528
Interest expense	(252,775)	(231,588)
Net loss	$ (1,111,918)	$ (1,208,391)
Loss per common share
Basic and diluted	$ (0.03)	$ (0.03)
Weighted average shares outstanding
Basic and diluted	36,380,690	36,380,690

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT - USD ($)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2018		36,380,690
Balance, amount at Dec. 31, 2018	$ (7,264,916)	$ 36,381	$ 29,293,021	$ (36,594,318)
Net loss	(1,208,391)	$ 0	0	(1,208,391)
Balance, shares at Dec. 31, 2019		36,380,690
Balance, amount at Dec. 31, 2019	(8,473,307)	$ 36,381	29,293,021	(37,802,709)
Net loss	(1,111,918)	$ 0	0	(1,111,918)
Balance, shares at Dec. 31, 2020		36,380,690
Balance, amount at Dec. 31, 2020	$ (9,585,225)	$ 36,381	$ 29,293,021	$ (38,914,627)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,111,918)	$ (1,208,391)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	15,284	19,496
Bad debt expense	0	631
Effects of changes in operating assets and liabilities:
Accounts receivable	(25,866)	(691)
Representative advances	0	24,031
Deferred liability	0	(3,014)
Inventory	(23,119)	10,092
Prepaid expenses	3,613	(4,628)
Accounts payable	13,257	82,010
Accrued interest payable	251,676	230,672
Accrued liabilities	256,946	272,221
Deferred revenue	(8,333)	17,361
NET CASH USED IN OPERATING ACTIVITIES	(628,460)	(560,210)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(400)	0
NET CASH USED IN INVESTING ACTIVITIES	(400)	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from financing prepaid insurance	45,800	43,425
Payments on prepaid insurance financing	(48,096)	(45,190)
Proceeds from notes payable	73,100	0
Proceeds from related party notes and advances	625,000	570,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	695,804	568,235
NET INCREASE IN CASH AND CASH EQUIVALENTS	66,944	8,025
CASH AND CASH EQUIVALENTS, beginning of period	19,876	11,851
CASH AND CASH EQUIVALENTS, end of period	$ 86,820	$ 19,876

ORGANIZATION AND NATURE OF OPER

ORGANIZATION AND NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2020
ORGANIZATION AND NATURE OF OPERATIONS
NOTE 1 - BASIS OF PRESENTATION	EnerTeck Corporation, formerly Gold Bond Resources, Inc. was incorporated under the laws of the State of Washington on July 30, 1935. On January 9, 2003, the Company acquired EnerTeck Chemical Corp. (“EnerTeck Sub”) as its wholly owned operating subsidiary. As a result of the acquisition, the Company is a holding company, with EnerTeck Sub as its only operating business. Subsequent to this transaction, on November 24, 2003, the Company changed its domicile from the State of Washington to the State of Delaware, changed its name from Gold Bond Resources, Inc. to EnerTeck Corporation. EnerTeck Sub, the Company’s wholly owned operating subsidiary, is a Houston-based corporation. It was incorporated in the State of Texas on November 29, 2000 and was formed for the purpose of commercializing a diesel fuel specific combustion catalyst known as EnerBurn (TM), as well as other combustion enhancement and emission reduction technologies for diesel fuel. EnerTeck Sub’s primary product is EnerBurn and is registered for highway use in all USA diesel applications. The products are used primarily in on-road vehicles, locomotives and diesel marine engines throughout the United States and select foreign markets. During 2012, EnerTeck acquired a 40% membership interest in EnerTeck Environmental, LLC (“Environmental”). Environmental was formed for the purpose of marketing and selling diesel fuel emission reduction technology with the creators of such specific technology. Such company is presently inactive with no business operations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Consolidation: Correction of an Error: Segment Reporting: Segment Reporting Cash and Cash Equivalents: Inventory: Finished product costs amounted to approximately $52,000 and $16,000 at December 31, 2020 and 2019, respectively, and include required blending costs to bring the Company’s products to their finished state. Accounts Receivable: Concentrations of Credit Risk: Property and Equipment: Intangible Assets: Goodwill and Other Intangible Assets During the year ended December 31, 2019, the Company reviewed the estimated life of its intellectual property and determined it to have a finite life of 12 years. This change in accounting estimate requires the Company to amortize the intellectual property over the 12-year life and resulted in amortization expense of $12,500 for the years ended December 31, 2020 and 2019. Revenue Recognition: Revenue from Contracts With Customers While the Company has had some direct customers over the years, the principal method of selling the Company’s product EnerBurn is through the use of independent distributors, for both domestic and international markets. The transaction price for each sale is explicitly stated within the contract with a customer. The Company does not accept returns nor does it provide warranty on its product’s performance, as control of performance is based on the proper utilization by the final user. Normal payment terms for domestic sales to both customers and distributors shipping within the United States are net 30 days. All foreign shipments are cash in advance of shipment from the Company’s location. The Company’s sole performance obligation to customers and distributors is the manufacturing and shipment of EnerBurn. Revenues from sales of the Company’s product are recognized at the point when a customer order has been completed and shipped. Sales of all product are f.o.b. shipping point, with the distributors responsible for the freight and delivery. Revenue from shipments to related party distributors is recognized when the product is sold to unrelated third-party customers. All negotiation on sales contracts between the individual distributor and end customer and are the responsibility of the individual distributor and the amount of mark up above the distributors’ wholesale price per unit is the purview of the distributor. The Company may from time to time enter into contracts to sell exclusive distributorship rights to certain markets for a fee. The contracts typically contain a term of market exclusivity as well as other performance obligations. The Company has determined the performance obligations on these types of contracts are satisfied evenly over the term of the contract and recognizes revenue evenly over the term of the contract. During 2019, the Company deferred $25,000 for such contracts and recognized revenue of $7,639 during the year ended December 31, 2019. For such contracts that were classified as deferred revenue at the beginning of 2020, the Company recognized revenue of $8,333 for the year ended December 31, 2020. The remaining performance obligations on these contracts as of December 31, 2020 is $9,028 and is included in deferred revenue on the Company’s Consolidated Balance Sheets. These amounts are expected to be ratably recognized as revenue over the remaining term of the contracts. In the following table, revenues have been disaggregated for the years ended December 31: Year Ended December 31, 2020 2019 Revenues - domestic $ 95,455 $ 51,815 Revenues - foreign - - Total revenues $ 95,455 $ 51,815 As stated above, the Company does not accept returns nor does it provide warranty on its product’s performance, as control of performance is based on the proper utilization by the final user. The Company periodically tests the product manufactured prior to shipment for its proprietary quality standards and guarantees to the distributors that the product will always maintain the level of strict quality standard that is integral to the performance of its product for the end customer. The Company will provide a Certificate of Analysis, (“C of A”) on each shipment of its product, if requested by the customer. The C of A provides proof that the product is manufactured to meet chemical specifications that insure performance standards. Cost of Goods Sold: Income Taxes: Earnings per Share: ”Earnings Per Share” Use of Estimates: Fair value measurements: Stock Options and Warrants: The Company values warrant and option awards using the Black-Scholes option pricing model. Stock options and warrants expire on the dates designated in the instrument. The Board has agreed and can agree in the future to issue replacement options and warrants, on a case-by-case basis, if they so determine, that to be appropriate at the time however there is no set policy in place to do so. Forfeitures of any options are accounted for as they occur. Sales Tax: Website Costs: Ability to Continue as a Going Concern In accordance with ASC Subtopic 205-40, Going Concern, management evaluates whether relevant conditions and events that, when considered in the aggregate, indicate that it is probable the Company will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. When relevant conditions or events, considered in the aggregate, initially indicate that it is probable that the Company will be unable to meet its obligations as they become due within one year after the date that the consolidated financial statements are issued (and therefore they raise substantial doubt about the Company’s ability to continue as a going concern), management evaluates whether its plans that are intended to mitigate those conditions and events, when implemented, will alleviate substantial doubt about the Company’s ability to continue as a going concern. Management’s plans are considered only to the extent that 1) it is probable that the plans will be effectively implemented and 2) it is probable that the plans will mitigate the conditions or events that raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the years ended December 31, 2020 and 2019, the Company incurred recurring net losses of approximately $1,112,000 and $1,208,000, respectively. Further, most of the Company’s notes payable are overdue and payment may be demanded at any time. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s continuation as a going concern is contingent upon its ability to obtain additional financing and to generate revenues and cash flow to meet its obligations on a timely basis. The Company has been able to obtain cash in the past through private placements and issuing promissory notes and believes that these avenues will remain available to the Company. These financings are intended to mitigate the substantial doubt raised by our historical operating results and satisfying our estimated liquidity needs 12 months from the issuance of the consolidated financial statements. However, there is no certainty that additional financing can be obtained in the future at terms acceptable to the Company.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
PROPERTY AND EQUIPMENT
NOTE 3 - PROPERTY AND EQUIPMENT	At December 31, 2020 and 2019 property and equipment consisted of the following: December 31, 2020 2019 Furniture and fixtures $ 30,909 $ 30,909 Equipment 239,414 239,014 270,323 269,923 Less: accumulated depreciation 269,002 268,762 Total property and equipment, net $ 1,321 $ 1,161 Depreciation expense totaled $240 and $448 for the years ended December 31, 2020 and 2019, respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
NOTE 4 - FAIR VALUE OF FINANCIAL INSTRUMENTS	The Company follows ASC Topic 820-10 as it relates to financial assets and financial liabilities, which defines fair value, establishes a framework for measuring fair value under GAAP and expands disclosures about fair value measurements. ASC Topic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Hierarchical levels, as defined in this guidance and directly related to the amount of subjectivity associated with the inputs to fair valuations of these assets and liabilities are as follows: Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 – Inputs that are both significant to the fair value measurement and unobservable. The reported fair values for financial instruments that use Level 2 and Level 3 inputs to determine fair value are based on a variety of factors and assumptions. Accordingly, certain fair values may not represent actual values of the financial instruments that could have been realized as of December 31, 2020 and 2019 or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement. Financial instruments consist of cash and cash equivalents, trade receivable, trade payable and notes payable. The carrying value of these financial instruments approximates fair value due to the short-term nature of these items.

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2020
Loss per common share
NOTE 5 - LOSS PER COMMON SHARE	The Company follows ASC 260, ”Earnings Per Share” The following table sets forth the computation of basic and diluted loss per share: Year Ended December 31, 2020 2019 Net loss $ (1,111,918 ) $ (1,208,391 ) Weighted average common shares outstanding: Basic and diluted 36,380,690 36,380,690 Basic and diluted loss per share $ (0.03 ) $ (0.03 ) For the years ended December 31, 2020 and 2019, 4,440,000 and 4,986,334 stock warrants, respectively, were excluded from diluted earnings per share because they are considered anti-dilutive. For the years ended December 31, 2020 and 2019, 1,133,388 stock options were excluded from diluted earnings per share because they are considered anti-dilutive. Further, the calculation of diluted weighted-average shares outstanding for the years ended December 31, 2020 and 2019 exclude potential shares, related to the outstanding convertible notes payable, which if converted, would be anti-dilutive and would have a significant impact on the total number of shares outstanding, once exercised.

STOCKHOLDERS EQUITY

STOCKHOLDERS EQUITY	12 Months Ended
	Dec. 31, 2020
STOCKHOLDERS EQUITY
NOTE 6 - STOCKHOLDERS' EQUITY	During the years ended December 31, 2020 and 2019 no equity activity occurred.

STOCK WARRANTS AND OPTIONS

STOCK WARRANTS AND OPTIONS	12 Months Ended
	Dec. 31, 2020
STOCK WARRANTS AND OPTIONS
NOTE 7 - STOCK WARRANTS AND OPTIONS	Stock Warrants During the year ended December 31, 2020, no warrants were issued or exercised, and 546,334 warrants expired. The Company has plans to extend the expiration dates on these warrants, but as of the date of this report the extensions have not yet taken place. No warrants were issued or exercised, nor were there any warrants that expired, during the year ended December 31, 2019. Warrants outstanding and exercisable as of December 31, 2020 were: Weighted Average Exercisable Exercise Number of Remaining Number of Price Warrants Life in Years Warrants $ 0.60 3,590,000 0.5 3,590,000 $ 0.75 100,000 0.7 100,000 $ 0.50 - 0.0 - $ 0.30 750,000 0.9 750,000 4,440,000 4,440,000 Stock Options In September 2003, shareholders of the Company approved an employee stock option plan (the “2003 Option Plan”) authorizing the issuance of options to purchase up to 1,000,000 shares of common stock. The 2003 Option Plan is intended to give the Company greater ability to attract, retain, and motivate officers, key employees, directors and consultants; and is intended to provide the Company with the ability to provide incentives more directly linked to the success of the Company’s business and increases in shareholder value. During the third quarter of 2013, the board of directors increased the number of shares reserved for issuance under the 2003 Option Plan from 1,000,000 to 1,250,000 which was increased by the board to 1,750,000 during the third quarter of 2018. During the year ended December 31, 2019, options to acquire 124,167 shares issued to current and former employees expired. The Company has plans to extend the expiration dates on options to acquire 82,500 shares during 2021 that are issued to current employees, but as of the date of this report the extensions have not yet taken place. The remaining options to acquire 41,667 shares issued to a former employee who is now deceased will not be extended. A summary of the activity of the Company’s stock options for the years ended December 31, 2020 and 2019 is presented below: Weighted Weighted Weighted Average Average Average Number of Remaining Optioned Aggregate Exercise Optioned Contractual Grant Date Intrinsic Price Shares Term in Years Fair Value Value Balance as of December 31, 2018 $ 0.36 1,257,555 $ - $ - Expired 0.30 (124,167 ) - Granted - - - Exercised - - - Forfeited - - - Balance as of December 31, 2019 $ 0.36 1,133,388 $ - $ - Expired - - - Granted - - - Exercised - - - Forfeited - - - Balance as of December 31, 2020 $ 0.36 1,133,388 1.56 $ 0.16 $ - Vested and exercisable as of December 31, 2020 $ 0.36 1,133,388 1.56 $ 0.16 $ -

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2020
INCOME TAXES
NOTE 8 - INCOME TAXES	The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. EnerTeck has incurred net losses since the merger with Gold Bond and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative operating loss carry-forward is approximately $24,887,000 at December 31, 2020 and expires beginning in 2023. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. As of December 31, 2020, and 2019, the Company has recorded no unrecognized tax benefits or related penalty and interest. Additionally, the Company does not expect any unrecognized tax benefits to change significantly over the next twelve months. A reconciliation of the expected U.S. income tax expense (benefit) to income taxes is as follows: Year Ended December 31, 2020 2019 Expected tax expense (benefit) at U.S. statutory rate $ (234,000 ) $ (254,000 ) Change in valuation allowance 233,000 269,000 Other 1,000 (15,000 ) Total Income Tax Expense/(Benefit) $ - $ - Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts reported for income tax purposes at the enacted tax rates in effect when the differences are anticipated to reverse. A deferred tax asset will be reduced by a valuation allowance when, based on the Company’s estimates, it is more likely than not that a portion of those assets will not be realized in a future period. Components of deferred income taxes are as follows: December 31, 2020 2019 Net operating loss carry forwards $ 5,226,000 $ 5,037,000 Deferred compensation costs and other 918,000 874,000 Valuation allowance (6,144,000 ) (5,911,000 ) Net deferred tax assets/(liabilities) $ - $ -

RELATED PARTY NOTES AND ADVANCE

RELATED PARTY NOTES AND ADVANCES	12 Months Ended
	Dec. 31, 2020
RELATED PARTY NOTES AND ADVANCES
NOTE 9 - RELATED PARTY NOTES AND ADVANCES	On July 7, 2009, the Company entered into a $100,000 unsecured promissory note with an officer, due on demand. Interest is payable at 12% per annum. Also, on December 11, 2009, the Company entered into a $50,000 note with a shareholder/director. Interest is 5% per annum. The principal balance of the note was due on the earlier of December 11, 2013, or upon completion by the Company of equity financing in excess of $1.0 million in gross proceeds. Interest on the loan is payable on the maturity date at the rate of 5% per annum. These notes are now overdue for payment. On June 1, 2010, the Company entered into a $50,000 convertible promissory note with a shareholder/director which was due on June 1, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. The assignment of the conversion feature of the note resulted in a loan discount being recorded. The discount amount of $36,207 was fully amortized over the original thirty-six-month term of the debt as additional interest expense. This note is now overdue for payment. On June 1, 2010, the Company entered into $300,000 of convertible promissory notes with a shareholder/director which was due on June 1, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock the number of which is to be determined at that time. This note is now overdue for payment. On July 20, 2010, the Company entered into $400,000 convertible promissory notes with a shareholder/director which was due on July 20, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On July 20, 2010, the Company entered into a $100,000 convertible promissory note with a shareholder which was due on July 20, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On December 10, 2010, the Company entered into $150,000 of convertible promissory notes with a shareholder/director which was due on December 10, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On June 20, 2011, the Company entered into a $150,000 convertible promissory note with a shareholder/director which shall be due and payable on June 20, 2014 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On October 20, 2011, the Company entered into a $70,000 convertible promissory note with a shareholder/director which was due on October 20, 2014 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. During the year ended December 31, 2018, a shareholder/director advanced $445,000 to the Company for working capital requirements. In addition, the Company reclassified a previous customer deposit of $37,500 originally received from a shareholder/director, made on behalf of a now deceased distributor, from customer deposits to shareholder deposits, as the original projected sale in question is no longer viable. The Company expects amounts advanced will be either (i) applied against a stock subscription to be issued at a future date or (ii) repaid at a future date as the parties shall determine. Until otherwise agreed, such amounts advanced have been recorded as an additional payable bearing no interest. During the year ended December 31, 2019, a shareholder/director advanced $570,000 to the Company for working capital requirements. The Company expects amounts advanced will be either (i) applied against a stock subscription to be issued at a future date or (ii) repaid at a future date as the parties shall determine. Until otherwise agreed, such amounts advanced have been recorded as an additional payable bearing no interest. During the year ended December 31, 2020, a shareholder/director advanced $625,000 to the Company for working capital requirements. The Company expects amounts advanced will be either (i) applied against a stock subscription to be issued at a future date or (ii) repaid at a future date as the parties shall determine. Until otherwise agreed, such amounts advanced have been recorded as an additional payable bearing no interest. The Company determined it is not practicable to estimate the fair value of outstanding debt as of December 31, 2020 and 2019, as the outstanding debt is private, there is no clarity as to when interest payments or principal payments will ultimately be made (or be called by the debt holders), and the Company lacks the internal expertise to calculate fair value of these debt instruments and would incur excessive costs to obtain a third-party valuation. Other Related Party Transactions As of December 31, 2020 and 2019, the Company owed approximately $4.5 million and $4.3 million, respectively, to its chief executive officer and other employees of the Company. The CEO and employees agreed to salary deferrals pending available resources to make such payments. One of the Company’s shareholders owns 100% of BATL Trading, Inc., which is a distributor of EnerBurn. There was no activity during 2020 and 2019. During the years ended December 31, 2020 and 2019, the Company had sales to related parties of $11,647 and $5,250, respectively. This represents 12% and 10% of sales for the years ended December 31, 2020 and 2019, respectively.

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2020
NOTES PAYABLE
NOTE 10 - NOTE PAYABLE	On April 21, 2020 the Company received loan proceeds in the amount of $73,100 under the Paycheck Protection Program (“PPP”) administered by the Small Business Administration. The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight or twenty-four weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the applicable eight or twenty-four week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first six months. The terms of any forgiveness may be subject to further requirements in any regulations and guidelines the Small Business Administration may adopt. While the Company currently believes that its use of the proceeds will meet the conditions for forgiveness under the PPP, no assurance is provided that the Company will obtain forgiveness of the loan in whole or in part.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES
NOTE 11 - COMMITMENTS AND CONTINGENCIES	Office Lease Effective January 1, 2019, the Company adopted ASU 2016-02, “Leases (Topic 842)” The lease provided for a rent-free period as well as increasing rental payments. In accordance with generally accepted accounting principles, rent expense for financial statement purposes was recognized on a straight-line basis over the lease term. A deferred lease liability arose from the timing difference in the recognition of rent expense and the actual payment of rent. In August 2019, the Company executed a six-month amendment to the lease for office space for the period September 1, 2019 through February 29, 2020. As permitted by ASC 842-20-25-2 the Company has elected to not record the short-term lease on the balance sheet. In January 2020, the Company executed an additional six-month amendment to the lease for office space for the period March 1, 2020 through August 31, 2020. As permitted by ASC 842-20-25-2 the Company has elected to not record the short-term lease on the balance sheet. In June 2020, the Company executed an additional six-month amendment to the lease for office space for the period September 1, 2020 through February 28, 2021. As permitted by ASC 842-20-25-2 the Company has elected to not record the short-term lease on the consolidated balance sheets. In January 2021, the Company executed an additional one year amendment to the lease for office space for the period March 1, 2021 through February 28, 2022. As permitted by ASC 842-20-25-2 the Company has elected to not record the short-term lease on the consolidated balance sheets. Future minimum rentals due under non-cancelable operating leases are approximately as follow: Office Year Ended December 31, Lease 2021 $ 54,440 2022 9,073 2023 - 2024 - 2025 - Thereafter - Total $ 63,513 Rent expense for the years ended December 31, 2020 and 2019 totaled $58,092 and $51,959, respectively.

CONCENTRATION OF CREDIT RISK

CONCENTRATION OF CREDIT RISK	12 Months Ended
	Dec. 31, 2020
CONCENTRATION OF CREDIT RISK
NOTE 12 - CONCENTRATION OF CREDIT RISK	Financial instruments that potentially subject the Company to concentration of credit risk are accounts receivable. The Company performs ongoing credit evaluations as to the financial condition of its customers. Generally, no collateral is required. The Company at times has cash in bank in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits. For the year ended December 31, 2020, three distributors made up 77% of sales and represented 88% of total accounts receivable at December 31, 2020. For the year ended December 31, 2019, four distributors made up 95% of sales and represented 55% of total accounts receivable at December 31, 2019.

RECENTLY ISSUED ACCOUNTING PRON

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2020
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
NOTE 13 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2020
SUBSEQUENT EVENTS
NOTE 14 - SUBSEQUENT EVENTS	On February 2, 2021 the Company received loan proceeds in the amount of $73,100 under the Paycheck Protection Program (“PPP”) administered by the Small Business Administration. The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight or twenty-four weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the applicable eight or twenty-four week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first six months. The Company intends to use the proceeds for purposes consistent with the PPP.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Consolidation	The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States and include the accounts of EnerTeck Corporation and its wholly-owned subsidiary, EnerTeck Chemical Corp. All significant inter-company transactions and account balances have been eliminated upon consolidation.
Correction of an Error	During the year ended December 31, 2020, the Company made certain adjustments to the deferred tax asset and the related valuation allowance balances at December 31, 2019. The result did not change tax expense and the Company has concluded the errors and corrections were not material to the consolidated financial statements for 2019.
Segment Reporting	The Company has one operating segment based on the guidelines of ASC 280, Segment Reporting
Cash and Cash Equivalents	The Company considers all highly liquid instruments purchased with an original maturity of three (3) months or less to be cash and cash equivalents.
Inventory	Inventory primarily consists of market ready EnerBurn plus raw materials required to manufacture the products. With the adoption of ASU 2015-11, inventory is valued at the lower of cost or net realizable value, using the average cost method. Finished product costs amounted to approximately $52,000 and $16,000 at December 31, 2020 and 2019, respectively, and include required blending costs to bring the Company’s products to their finished state.
Accounts Receivable	Accounts receivable represent uncollateralized obligations due from customers of the Company and are recorded at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the accounts receivable balances and charged to the provision for doubtful accounts. The Company calculates this allowance based on historical write-offs, level of past due accounts and relationships with and economic status of the customers. Accounts are written off as bad debts when all collection efforts have failed, and the account is deemed uncollectible. Management has provided allowances for doubtful accounts of $631 as of December 31, 2020 and 2019.
Concentrations of Credit Risk	The Company maintains its cash in bank deposits with financial institutions. These deposits, at times, exceed federally insured limits. The Company monitors the financial condition of the financial institution and has not experienced any losses on such accounts. The Company is not party to any financial instruments which would have off-balance sheet credit or interest rate risk.
Property and Equipment	Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for on the straight-line or accelerated method over the estimated useful lives of the assets. The average lives range from five (5) to seven (7) years. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred.
Intangible Assets	The Company follows the provisions of FASB ASC 350, Goodwill and Other Intangible Assets During the year ended December 31, 2019, the Company reviewed the estimated life of its intellectual property and determined it to have a finite life of 12 years. This change in accounting estimate requires the Company to amortize the intellectual property over the 12-year life and resulted in amortization expense of $12,500 for the years ended December 31, 2020 and 2019.
Revenue Recognition	The Company follows ASC 606, Revenue from Contracts With Customers While the Company has had some direct customers over the years, the principal method of selling the Company’s product EnerBurn is through the use of independent distributors, for both domestic and international markets. The transaction price for each sale is explicitly stated within the contract with a customer. The Company does not accept returns nor does it provide warranty on its product’s performance, as control of performance is based on the proper utilization by the final user. Normal payment terms for domestic sales to both customers and distributors shipping within the United States are net 30 days. All foreign shipments are cash in advance of shipment from the Company’s location. The Company’s sole performance obligation to customers and distributors is the manufacturing and shipment of EnerBurn. Revenues from sales of the Company’s product are recognized at the point when a customer order has been completed and shipped. Sales of all product are f.o.b. shipping point, with the distributors responsible for the freight and delivery. Revenue from shipments to related party distributors is recognized when the product is sold to unrelated third-party customers. All negotiation on sales contracts between the individual distributor and end customer and are the responsibility of the individual distributor and the amount of mark up above the distributors’ wholesale price per unit is the purview of the distributor. The Company may from time to time enter into contracts to sell exclusive distributorship rights to certain markets for a fee. The contracts typically contain a term of market exclusivity as well as other performance obligations. The Company has determined the performance obligations on these types of contracts are satisfied evenly over the term of the contract and recognizes revenue evenly over the term of the contract. During 2019, the Company deferred $25,000 for such contracts and recognized revenue of $7,639 during the year ended December 31, 2019. For such contracts that were classified as deferred revenue at the beginning of 2020, the Company recognized revenue of $8,333 for the year ended December 31, 2020. The remaining performance obligations on these contracts as of December 31, 2020 is $9,028 and is included in deferred revenue on the Company’s Consolidated Balance Sheets. These amounts are expected to be ratably recognized as revenue over the remaining term of the contracts. In the following table, revenues have been disaggregated for the years ended December 31: Year Ended December 31, 2020 2019 Revenues - domestic $ 95,455 $ 51,815 Revenues - foreign - - Total revenues $ 95,455 $ 51,815 As stated above, the Company does not accept returns nor does it provide warranty on its product’s performance, as control of performance is based on the proper utilization by the final user. The Company periodically tests the product manufactured prior to shipment for its proprietary quality standards and guarantees to the distributors that the product will always maintain the level of strict quality standard that is integral to the performance of its product for the end customer. The Company will provide a Certificate of Analysis, (“C of A”) on each shipment of its product, if requested by the customer. The C of A provides proof that the product is manufactured to meet chemical specifications that insure performance standards.
Cost of Goods Sold	Cost of goods sold includes costs related to the manufacture of the Company’s product EnerBurn. The primary costs included are raw materials that are mixed to produce the finished product that is then sold to customers and/or distributors. Other costs included are packaging and freight.
Income Taxes	The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.
Earnings per Share	The Company accounts for earnings per share in accordance with ASC 260 ”Earnings Per Share”
Use of Estimates	The accompanying consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America which require 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 consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Fair value measurements	The Company estimates fair value at a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market for the asset or liability. The valuation techniques require inputs that are categorized using a three-level hierarchy, from highest to lowest level of observable inputs, as follows: (1) significant observable inputs, including unadjusted quoted prices for identical assets or liabilities in active markets (“Level 1”), (2) significant other observable inputs, including direct or indirect market data for similar assets or liabilities in active markets or identical assets or liabilities in less active markets (“Level 2”) and (3) significant unobservable inputs, including those that require considerable judgment for which there is little or no market data (“Level 3”). When multiple input levels are required for a valuation, the Company categorizes the entire fair value measurement according to the lowest level of input that is significant to the measurement even though other significant inputs that are more readily observable may have also utilized.
Stock Options and Warrants	Compensation cost for equity awards is based on the fair value of the equity instrument on the date of grant and is recognized over the period during which an employee is required to provide service in exchange for the award. Compensation cost for liability awards is based on the fair value of the vested award at the end of each period. The Company values warrant and option awards using the Black-Scholes option pricing model. Stock options and warrants expire on the dates designated in the instrument. The Board has agreed and can agree in the future to issue replacement options and warrants, on a case-by-case basis, if they so determine, that to be appropriate at the time however there is no set policy in place to do so. Forfeitures of any options are accounted for as they occur.
Sales Tax	The Company collects sales taxes assessed by governmental authorities imposed on certain sales to customers. Sales taxes collected are included in revenues; net amounts paid are reported as expenses in the consolidated statement of operations.
Website Costs	Total website costs of $32,738 are being amortized over their expected useful life of five years. Amortization for the years ended December 31, 2020 and 2019 was $2,544 and $6,548, respectively. As of December 31, 2020, websites costs have been fully amortized.
Ability to Continue as a Going Concern	In accordance with ASC Subtopic 205-40, Going Concern, management evaluates whether relevant conditions and events that, when considered in the aggregate, indicate that it is probable the Company will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. When relevant conditions or events, considered in the aggregate, initially indicate that it is probable that the Company will be unable to meet its obligations as they become due within one year after the date that the consolidated financial statements are issued (and therefore they raise substantial doubt about the Company’s ability to continue as a going concern), management evaluates whether its plans that are intended to mitigate those conditions and events, when implemented, will alleviate substantial doubt about the Company’s ability to continue as a going concern. Management’s plans are considered only to the extent that 1) it is probable that the plans will be effectively implemented and 2) it is probable that the plans will mitigate the conditions or events that raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the years ended December 31, 2020 and 2019, the Company incurred recurring net losses of approximately $1,112,000 and $1,208,000, respectively. Further, most of the Company’s notes payable are overdue and payment may be demanded at any time. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s continuation as a going concern is contingent upon its ability to obtain additional financing and to generate revenues and cash flow to meet its obligations on a timely basis. The Company has been able to obtain cash in the past through private placements and issuing promissory notes and believes that these avenues will remain available to the Company. These financings are intended to mitigate the substantial doubt raised by our historical operating results and satisfying our estimated liquidity needs 12 months from the issuance of the consolidated financial statements. However, there is no certainty that additional financing can be obtained in the future at terms acceptable to the Company.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of revenue	Year Ended December 31, 2020 2019 Revenues - domestic $ 95,455 $ 51,815 Revenues - foreign - - Total revenues $ 95,455 $ 51,815

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
PROPERTY AND EQUIPMENT
Schedule of property and equipment	December 31, 2020 2019 Furniture and fixtures $ 30,909 $ 30,909 Equipment 239,414 239,014 270,323 269,923 Less: accumulated depreciation 269,002 268,762 Total property and equipment, net $ 1,321 $ 1,161

LOSS PER COMMON SHARE (Tables)

LOSS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2020
Loss per common share
Schedule of basic and diluted loss per share	Year Ended December 31, 2020 2019 Net loss $ (1,111,918 ) $ (1,208,391 ) Weighted average common shares outstanding: Basic and diluted 36,380,690 36,380,690 Basic and diluted loss per share $ (0.03 ) $ (0.03 )

STOCK WARRANTS AND OPTIONS (Tab

STOCK WARRANTS AND OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2020
STOCK WARRANTS AND OPTIONS
Schedule of warrants outstanding and exercisable	Weighted Average Exercisable Exercise Number of Remaining Number of Price Warrants Life in Years Warrants $ 0.60 3,590,000 0.5 3,590,000 $ 0.75 100,000 0.7 100,000 $ 0.50 - 0.0 - $ 0.30 750,000 0.9 750,000 4,440,000 4,440,000
Schedule of activity for stock options	Weighted Weighted Weighted Average Average Average Number of Remaining Optioned Aggregate Exercise Optioned Contractual Grant Date Intrinsic Price Shares Term in Years Fair Value Value Balance as of December 31, 2018 $ 0.36 1,257,555 $ - $ - Expired 0.30 (124,167 ) - Granted - - - Exercised - - - Forfeited - - - Balance as of December 31, 2019 $ 0.36 1,133,388 $ - $ - Expired - - - Granted - - - Exercised - - - Forfeited - - - Balance as of December 31, 2020 $ 0.36 1,133,388 1.56 $ 0.16 $ - Vested and exercisable as of December 31, 2020 $ 0.36 1,133,388 1.56 $ 0.16 $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
INCOME TAXES (Tables)
Schedule of reconciliation of income tax	Year Ended December 31, 2020 2019 Expected tax expense (benefit) at U.S. statutory rate $ (234,000 ) $ (254,000 ) Change in valuation allowance 233,000 269,000 Other 1,000 (15,000 ) Total Income Tax Expense/(Benefit) $ - $ -
Schedule of Component of deferred tax assets	December 31, 2020 2019 Net operating loss carry forwards $ 5,226,000 $ 5,037,000 Deferred compensation costs and other 918,000 874,000 Valuation allowance (6,144,000 ) (5,911,000 ) Net deferred tax assets/(liabilities) $ - $ -

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES
Schedule of Future minimum rentals due under non-cancelable operating leases	Office Year Ended December 31, Lease 2021 $ 54,440 2022 9,073 2023 - 2024 - 2025 - Thereafter - Total $ 63,513

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Total Revenues	$ 95,455	$ 51,815
Domestic [Member]
Total Revenues	95,455	51,815
Foreign [Member]
Total Revenues	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Inventory, finished goods	$ 52,000	$ 16,000
Allowances for doubtful accounts	631	631
Recurring net losses	(1,112,000)	(1,208,000)
Deferred revenue	9,028	17,361
Deferred cost		25,000
Deferred Revenue, Revenue Recognized	7,639	8,333
Intangible assets, net	$ 125,000	137,500
Intellectual Property [Member]
Intangible assets, finite life	12 years
Amortization period	12 years
Amortization expenses	$ 12,500	12,500
Website [Member]
Intangible assets, finite life	5 years
Amortization expenses	$ 2,544	$ 6,548
Intangible assets, net	$ 32,738
Minimum [Member] | Property and Equipment [Member]
Estimated useful life	5 years
Maximum [Member] | Property and Equipment [Member]
Estimated useful life	7 years

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
PROPERTY AND EQUIPMENT
Furniture and fixtures	$ 30,909	$ 30,909
Equipment	239,414	239,014
Property plant and equipment gross	270,323	269,923
Less: accumulated depriciation	269,002	268,762
Total property and equipment, net	$ 1,321	$ 1,161

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
PROPERTY AND EQUIPMENT
Depreciation expense	$ 240	$ 448

LOSS PER COMMON SHARE (Details)

LOSS PER COMMON SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loss per common share
Net loss	$ (1,111,918)	$ (1,208,391)
Weighted average common shares outstanding: Basic and diluted	36,380,690	36,380,690
Basic and diluted loss per share	$ (0.03)	$ (0.03)

LOSS PER COMMON SHARE (Details

LOSS PER COMMON SHARE (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stock Warrants [Member]
Potentially dilutive securities excluded from the computation of EPS	4,440,000	4,986,334
Stock Option [Member]
Potentially dilutive securities excluded from the computation of EPS	1,133,388	1,133,388

STOCK WARRANTS AND OPTIONS (Det

STOCK WARRANTS AND OPTIONS (Details)	12 Months Ended
	Dec. 31, 2020shares
Number of Warrants	4,440,000
Exercisable Number of Warrants	4,440,000
Exercise Price $0.60 [Member]
Number of Warrants	3,590,000
Exercisable Number of Warrants	3,590,000
Weighted Average Remaining Life in Years	5 months 30 days
Exercise Price $0.75 [Member]
Number of Warrants	100,000
Exercisable Number of Warrants	100,000
Weighted Average Remaining Life in Years	8 months 12 days
Exercise Price $0.50 [Member]
Number of Warrants
Exercisable Number of Warrants
Weighted Average Remaining Life in Years	0 years
Exercise Price $0.30 [Member]
Number of Warrants	750,000
Exercisable Number of Warrants	750,000
Weighted Average Remaining Life in Years	10 months 24 days

STOCK WARRANTS AND OPTIONS (D_2

STOCK WARRANTS AND OPTIONS (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Weighted average exercise price
Outstanding at beginning	$ 0.36	$ 0.36
Expired	0	0.30
Granted	0	0
Exercised	0	0
Forfeited	0	0
Outstanding at ending	0.36	$ 0.36
Vested and exercisable	$ 0.36
Number of optioned shares
Outstanding at beginning	1,133,388	1,257,555
Expired	0	(124,167)
Granted	0	0
Exercised	0	0
Forfeited	0	0
Outstanding at ending	1,133,388	1,133,388
Vested and exercisable	1,133,388
Weighted Average Remaining Contractual Term in Years	2 years 6 months 22 days
Weighted Average Remaining Contractual Term in Years vested and exercisable	2 years 6 months 22 days
Weighted average fair value grant date, end of period	$ 0.16	$ 0
Weighted average Fair value of options vested during the period	$ 0.16	$ 0

STOCK WARRANTS AND OPTIONS (D_3

STOCK WARRANTS AND OPTIONS (Details Narrative) - shares	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2020	Sep. 30, 2003
Warrants expired		546,334
2003 Option Plan [Member]
Description of option plan	During the third quarter of 2013, the board of directors increased the number of shares reserved for issuance under the 2003 Option Plan from 1,000,000 to 1,250,000 which was increased by the board to 1,750,000 during the third quarter of 2018.
Common stock, shares reserved for future issuance			1,000,000
Current and former employees [Member]
Option issued to purchase common shares		124,167
Options expiration, description		The Company has plans to extend the expiration dates on options to acquire 82,500 shares during 2020 that are issued to current employees, but as of the date of this report the extensions have not yet taken place. The remaining options to acquire 41,667 shares issued to a former employee who is now deceased will not be extended.

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES (Details)
Expected tax expense (benfit) at U.S. statutoey rate	$ (234,000)	$ (254,000)
Change in valuation allowance	233,000	269,000
Other	1,000	(15,000)
Total Income Tax Expenses (Benefit)	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES (Details)
Net operating loss carry forward	$ 5,226,000	$ 5,037,000
Deferred compensation cost and other	918,000	874,000
Valuation allowance	(6,144,000)	(5,911,000)
Net deferred tax assets/(liabilities)	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Dec. 31, 2020USD ($)
INCOME TAXES (Details)
Cumulative operating loss carry forward	$ 24,887,000
Operating loss carry forward expiration date	Expires beginning in 2023

RELATED PARTY NOTES AND ADVAN_2

RELATED PARTY NOTES AND ADVANCES (Details Narrative) - USD ($)	Dec. 10, 2010	Jun. 01, 2010	Dec. 11, 2009	Oct. 20, 2011	Jun. 20, 2011	Jul. 20, 2010	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jul. 07, 2009
Related parties revenue							$ 11,647	$ 5,250
Related parties revenue, percentage							12.00%	10.00%
Accrued compensation							$ 4,508,804	$ 4,297,641
Director One [Member]
Convertible promissory note		$ 300,000				$ 100,000
Interest rate		8.00%				8.00%
Maturity date		Jun. 1, 2013				Jul. 20, 2013
Officer [Member]
Convertible promissory note										$ 100,000
Interest rate										12.00%
Director [Member]
Convertible promissory note	$ 150,000	$ 50,000	$ 50,000	$ 70,000	$ 150,000	$ 400,000
Interest rate	8.00%	8.00%	5.00%	8.00%	8.00%	8.00%
Principal balance term			The principal balance of the note was due on the earlier of December 11, 2013, or upon completion by the Company of equity financing in excess of $1.0 million in gross proceeds.
Maturity date	Dec. 10, 2010	Jun. 1, 2013		Oct. 20, 2014	Jun. 20, 2014	Jul. 20, 2013
Amortization of debt discount		$ 36,207
Debt discount amortized period		36 months
Proceeds from related party notes and advances							625,000	570,000	$ 445,000
Customer deposit									$ 37,500
Chief Executive Officer And Other Employees [Member]
Accrued compensation							$ 4,500,000	$ 4,300,000
BATL Trading, Inc [Member]
Shareholders ownership percentage							100.00%

NOTE PAYABLE (Details Narrative

NOTE PAYABLE (Details Narrative) - Paycheck Protection Program [Member]	1 Months Ended
	Apr. 21, 2020USD ($)
Proceeds from loan payable	$ 73,100
Unforgiven loan payable, interest rate	1.00%
Maturity period of unforgiven loan payable	2 years
Description for the credit facility under plan	The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business.

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2020USD ($)
COMMITMENTS AND CONTINGENCIES
2021	$ 54,440
2022	9,073
2023	0
2024	0
2025	0
Thereafter	0
Total	$ 63,513

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES
Rent expense	$ 58,092	$ 51,959

CONCENTRATION OF CREDIT RISK (D

CONCENTRATION OF CREDIT RISK (Details Narrative)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Four distributors [Member]
Percentage of total sales		95.00%
Percentage of total account recceivables		95.00%
Three distributors [Member]
Percentage of total sales	77.00%
Percentage of total account recceivables	80.00%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Paycheck Protection Program [Member] - USD ($)	1 Months Ended
	Feb. 02, 2021	Apr. 21, 2020
Proceeds from loan payable		$ 73,100
Unforgiven loan payable, interest rate		1.00%
Maturity period of unforgiven loan payable		2 years
Description for the credit facility under plan		The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business.
Subsequent Event [Member]
Proceeds from loan payable	$ 73,100
Unforgiven loan payable, interest rate	1.00%
Maturity period of unforgiven loan payable	2 years
Description for the credit facility under plan	The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business.