Cover
Cover | 3 Months Ended |
Mar. 31, 2022 | |
Cover [Abstract] | |
Document Type | S-1 |
Amendment Flag | false |
Entity Registrant Name | CARBONMETA TECHNOLOGIES, INC. |
Entity Central Index Key | 0001156784 |
Entity Tax Identification Number | 95-4868120 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 13110 NE 177th Place |
Entity Address, Address Line Two | Suite 145 |
Entity Address, City or Town | Woodinville |
Entity Address, State or Province | WA |
Entity Address, Postal Zip Code | 98072 |
City Area Code | (844) |
Local Phone Number | 698-3777 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
CURRENT ASSETS: | |||
Cash | $ 10,573 | ||
Prepaid consulting fees | 30,000 | ||
Total Current Assets | 40,573 | ||
Property and equipment, net of accumulated depreciation of $2,704 at December 31, 2021 | 44,420 | ||
License, net of accumulated amortization of $4,603 at December 31, 2021 | 74,653 | ||
TOTAL ASSETS | 159,646 | ||
CURRENT LIABILITIES: | |||
Accounts payable and accrued expenses | 10,641,864 | 11,944,374 | |
Obligations collateralized by receivables | 206,236 | 295,811 | |
Convertible debt, net | 1,987,425 | 4,549,479 | |
Notes payable | 127,873 | 136,123 | |
Notes payable - related parties | 199,415 | 157,854 | |
Small business administration loan | 979,950 | 979,950 | |
Derivative liability | 11,904,070 | 21,713,986 | |
Total Current Liabilities | 26,046,833 | 39,777,577 | |
TOTAL LIABILITIES | 26,046,833 | 39,777,577 | |
Commitments and contingencies | |||
STOCKHOLDERS’ DEFICIT: | |||
Common stock; 35,000,000,000 and 35,000,000,000 shares authorized at $0.0001 par value, 17,592,057,165 and 13,701,742,065 shares issued, respectively; 17,403,876,165 and 13,513,561,065 shares outstanding, respectively | 1,759,206 | 1,370,174 | |
Additional paid-in capital | 36,775,736 | 31,543,325 | |
Treasury stock – 188,181,000 shares of common stock | (18,997) | (18,997) | |
Accumulated deficit | (64,404,388) | (72,673,335) | |
TOTAL STOCKHOLDERS’ DEFICIT | (25,887,187) | (39,777,577) | |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | 159,646 | ||
Redeemable Preferred Stock Series B [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 160 | 160 | |
Redeemable Preferred Stock Series C [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | |||
Redeemable Preferred Stock Series D [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 100 | 100 | |
Redeemable Preferred Stock Series E [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 791 | 791 | |
Redeemable Preferred Stock Series F [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 180 | 180 | |
Redeemable Preferred Stock Series G [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 25 | 25 | |
Redeemable Preferred Stock [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | |||
Coroware, Inc. and Subsidiaries [Member] | |||
CURRENT ASSETS: | |||
Cash | $ 52,198 | 10,573 | |
Prepaid consulting fees | 21,389 | 30,000 | |
Total Current Assets | 73,587 | 40,573 | |
Property and equipment, net of accumulated depreciation of $2,704 at December 31, 2021 | 40,590 | 44,420 | |
License, net of accumulated amortization of $4,603 at December 31, 2021 | 157,995 | 74,653 | |
TOTAL ASSETS | 272,172 | 159,646 | |
CURRENT LIABILITIES: | |||
Accounts payable and accrued expenses | 10,531,869 | 10,641,864 | |
Obligations collateralized by receivables | 206,236 | 206,236 | 282,553 |
Convertible debt, net | 1,995,738 | 1,987,425 | |
Notes payable | 124,873 | 127,873 | |
Notes payable - related parties | 199,415 | 199,415 | |
Small business administration loan | 979,950 | 979,950 | |
Derivative liability | 12,475,165 | 11,904,070 | |
Total Current Liabilities | 26,513,246 | 26,046,833 | |
TOTAL LIABILITIES | 26,513,246 | 26,046,833 | |
Commitments and contingencies | |||
STOCKHOLDERS’ DEFICIT: | |||
Common stock; 35,000,000,000 and 35,000,000,000 shares authorized at $0.0001 par value, 17,592,057,165 and 13,701,742,065 shares issued, respectively; 17,403,876,165 and 13,513,561,065 shares outstanding, respectively | 1,865,136 | 1,759,206 | |
Additional paid-in capital | 37,365,456 | 36,775,736 | |
Treasury stock – 188,181,000 shares of common stock | (18,997) | (18,997) | |
Accumulated deficit | (65,453,925) | (64,404,388) | |
TOTAL STOCKHOLDERS’ DEFICIT | (26,241,074) | (25,887,187) | $ (39,777,578) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | 272,172 | 159,646 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series A [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | |||
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series B [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 160 | 160 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series C [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | |||
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series D [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 100 | 100 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series E [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 791 | 791 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series F [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | 180 | 180 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series G [Member] | |||
STOCKHOLDERS’ DEFICIT: | |||
Redeemable convertible preferred stock | $ 25 | $ 25 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
License net of accumulated depreciation | $ 4,603 | ||
Common stock shares authorized | 35,000,000,000 | 35,000,000,000 | |
Common stock par or stated value per share | $ 0.0001 | $ 0.0001 | |
Common stock shares issued | 17,592,057,165 | 13,701,742,065 | |
Common stock shares outstanding | 17,403,876,165 | 13,513,561,065 | |
Treasury stock common shares | 188,181,000 | 188,181,000 | |
Property and equipment, net of accumulated depreciation | $ 2,704 | ||
Redeemable Preferred Stock Series A [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 125,000 | 125,000 | |
Redeemable preferred stock, shares issued | 0 | 0 | |
Redeemable preferred stock, shares outstanding | 0 | 0 | |
Redeemable Preferred Stock Series B [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 525,000 | 525,000 | |
Redeemable preferred stock, shares issued | 159,666 | 159,666 | |
Redeemable preferred stock, shares outstanding | 159,666 | 159,666 | |
Redeemable Preferred Stock Series C [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 500,000 | 500,000 | |
Redeemable preferred stock, shares issued | 0 | 0 | |
Redeemable preferred stock, shares outstanding | 0 | 0 | |
Redeemable Preferred Stock Series D [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 500,000 | 500,000 | |
Redeemable preferred stock, shares issued | 100,000 | 100,000 | |
Redeemable preferred stock, shares outstanding | 100,000 | 100,000 | |
Redeemable Preferred Stock Series E [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 1,000,000 | 1,000,000 | |
Redeemable preferred stock, shares issued | 791,567 | 791,567 | |
Redeemable preferred stock, shares outstanding | 791,567 | 791,567 | |
Redeemable Preferred Stock Series F [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 500,000 | 500,000 | |
Redeemable preferred stock, shares issued | 180,000 | 180,000 | |
Redeemable preferred stock, shares outstanding | 180,000 | 180,000 | |
Redeemable Preferred Stock Series G [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 500,000 | 500,000 | |
Redeemable preferred stock, shares issued | 25,000 | 25,000 | |
Redeemable preferred stock, shares outstanding | 25,000 | 25,000 | |
Coroware, Inc. and Subsidiaries [Member] | |||
Accumulated depreciation | $ 6,533 | $ 2,704 | |
License net of accumulated depreciation | $ 12,508 | $ 4,603 | |
Common stock shares authorized | 35,000,000,000 | 35,000,000,000 | |
Common stock par or stated value per share | $ 0.0001 | $ 0.0001 | |
Common stock shares issued | 18,651,358,479 | 17,592,057,165 | |
Common stock shares outstanding | 18,463,177,479 | 17,403,876,165 | |
Treasury stock common shares | 188,181,000 | 188,181,000 | |
Property and equipment, net of accumulated depreciation | $ 6,534 | $ 2,704 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series A [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 125,000 | 125,000 | |
Redeemable preferred stock, shares issued | 0 | 0 | |
Redeemable preferred stock, shares outstanding | 0 | 0 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series B [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 525,000 | 525,000 | |
Redeemable preferred stock, shares issued | 159,666 | 159,666 | |
Redeemable preferred stock, shares outstanding | 159,666 | 159,666 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series C [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 500,000 | 500,000 | |
Redeemable preferred stock, shares issued | 0 | 0 | |
Redeemable preferred stock, shares outstanding | 0 | 0 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series D [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 500,000 | 500,000 | |
Redeemable preferred stock, shares issued | 100,000 | 100,000 | |
Redeemable preferred stock, shares outstanding | 100,000 | 100,000 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series E [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 1,000,000 | 1,000,000 | |
Redeemable preferred stock, shares issued | 791,567 | 791,567 | |
Redeemable preferred stock, shares outstanding | 791,567 | 791,567 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series F [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 500,000 | 500,000 | |
Redeemable preferred stock, shares issued | 180,000 | 180,000 | |
Redeemable preferred stock, shares outstanding | 180,000 | 180,000 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series G [Member] | |||
Redeemable Preferred stock, par value per share | $ 0.001 | $ 0.001 | |
Redeemable Preferred stock, shares authorized | 500,000 | 500,000 | |
Redeemable preferred stock, shares issued | 25,000 | 25,000 | |
Redeemable preferred stock, shares outstanding | 25,000 | 25,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues | ||||
Operating expenses: | ||||
Executive compensation | 150,000 | 150,000 | ||
Legal and professional fees | 88,767 | |||
Investor relations | 53,334 | |||
Consulting fees | 75,170 | |||
Sales and marketing | 666 | |||
Research and development | 0 | 0 | ||
Amortization of license | 4,603 | |||
Depreciation of equipment | 2,704 | |||
Other operating expenses | 53,258 | |||
Total operating expenses | 428,502 | 150,000 | ||
Operating (loss) | (428,502) | (150,000) | ||
Other income (expenses): | ||||
Gain (loss) from derivative liability | 9,809,916 | (10,401,881) | ||
Interest expense | (923,274) | (1,177,860) | ||
Gain on extinguishment of debt | (160,807) | |||
Consulting fees relating to the Mutual Release and Settlement Agreement dated July 19, 2021 with Y.A. Global Investments, LP (Note H) | (350,000) | |||
Total other income (expenses) - net | 8,697,449 | (11,579,741) | ||
Income (loss) before income taxes | 8,268,947 | (11,729,741) | ||
Income tax provision | ||||
Net income (loss) | $ 8,268,947 | $ (11,729,741) | ||
Basic and diluted net loss per common share: | ||||
Net income (loss) per common share – basic and diluted | $ 0 | $ 0 | ||
Basic and diluted weighted-average common shares outstanding | ||||
Basic and diluted weighted-average common shares outstanding | 14,804,048,985 | 13,513,561,065 | ||
Gain on extinguishment of debt | $ 160,807 | |||
Coroware, Inc. and Subsidiaries [Member] | ||||
Revenues | ||||
Operating expenses: | ||||
Executive compensation | 37,500 | 37,500 | ||
Legal and professional fees | 44,056 | |||
Investor relations | 20,664 | |||
Consulting fees | 15,221 | |||
Sales and marketing | 14,183 | |||
Research and development | 4,099 | |||
Amortization of license | 7,904 | |||
Depreciation of equipment | 3,830 | |||
Other operating expenses | 110,057 | |||
Total operating expenses | 257,514 | 37,500 | ||
Operating (loss) | (257,514) | (37,500) | ||
Other income (expenses): | ||||
Gain (loss) from derivative liability | (571,095) | (5,684,891) | ||
Interest expense | (220,928) | (299,982) | ||
Gain on extinguishment of debt | ||||
Total other income (expenses) - net | (792,023) | (5,984,873) | ||
Income (loss) before income taxes | (1,049,537) | (6,022,373) | ||
Income tax provision | ||||
Net income (loss) | $ (1,049,537) | $ (6,022,373) | ||
Basic and diluted net loss per common share: | ||||
Net income (loss) per common share – basic and diluted | $ 0 | $ 0 | ||
Basic and diluted weighted-average common shares outstanding | ||||
Basic and diluted weighted-average common shares outstanding | 18,285,313,740 | 15,535,075,398 | ||
Gain on extinguishment of debt |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Deficit - USD ($) | Redeemable Preferred Stock [Member] Preferred Stock [Member] Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock [Member] Preferred Stock [Member] | Redeemable Preferred Stock Series B [Member] Preferred Stock [Member] Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series B [Member] Preferred Stock [Member] | Redeemable Preferred Stock Series D [Member] Preferred Stock [Member] Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series D [Member] Preferred Stock [Member] | Redeemable Preferred Stock Series E [Member] Preferred Stock [Member] Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series E [Member] Preferred Stock [Member] | Redeemable Preferred Stock Series F [Member] Preferred Stock [Member] Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series F [Member] Preferred Stock [Member] | Redeemable Preferred Stock Series G [Member] Preferred Stock [Member] Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series G [Member] Preferred Stock [Member] | Common Stock [Member] Coroware, Inc. and Subsidiaries [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] Coroware, Inc. and Subsidiaries [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] Coroware, Inc. and Subsidiaries [Member] | Treasury Stock [Member] | Retained Earnings [Member] Coroware, Inc. and Subsidiaries [Member] | Retained Earnings [Member] | Coroware, Inc. and Subsidiaries [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 1,256 | $ 1,370,174 | $ 31,543,325 | $ (18,997) | $ (60,943,594) | $ (28,047,836) | ||||||||||||||||
Beginning balance, shares at Dec. 31, 2019 | 159,666 | 100,000 | 791,567 | 180,000 | 25,000 | 13,701,742,065 | ||||||||||||||||
Net income for year ended December 31, 2021 | (11,729,741) | (11,729,741) | ||||||||||||||||||||
Ending balance, value at Dec. 31, 2020 | $ 1,256 | 1,256 | $ 1,370,174 | $ 1,370,174 | $ 31,543,285 | 31,543,325 | $ (18,997) | (18,997) | $ (72,765,594) | (72,673,335) | $ (39,777,578) | (39,777,577) | ||||||||||
Ending balance, shares at Dec. 31, 2020 | 159,666 | 159,666 | 100,000 | 100,000 | 791.567 | 791,567 | 180,000 | 180,000 | 25,000 | 25,000 | 13,701,742,065 | 13,701,742,065 | ||||||||||
Common stock issued for license | ||||||||||||||||||||||
Common shares issued for accrued executive compensation | $ 750,000 | 750,000 | ||||||||||||||||||||
Common stock issued for services, shares | 7,500,000,000 | |||||||||||||||||||||
Net income for year ended December 31, 2021 | (6,022,373) | (6,022,373) | ||||||||||||||||||||
Ending balance, value at Mar. 31, 2021 | 1,256 | $ 2,120,174 | 31,543,285 | (18,997) | (78,787,967) | (45,049,951) | ||||||||||||||||
Ending balance, shares at Mar. 31, 2021 | 159,666 | 100,000 | 791,567 | 180,000 | 25,000 | 21,201,742,065 | ||||||||||||||||
Beginning balance, value at Dec. 31, 2020 | 1,256 | 1,256 | $ 1,370,174 | $ 1,370,174 | 31,543,285 | 31,543,325 | (18,997) | (18,997) | (72,765,594) | (72,673,335) | (39,777,578) | (39,777,577) | ||||||||||
Beginning balance, shares at Dec. 31, 2020 | 159,666 | 159,666 | 100,000 | 100,000 | 791.567 | 791,567 | 180,000 | 180,000 | 25,000 | 25,000 | 13,701,742,065 | 13,701,742,065 | ||||||||||
Net income for year ended December 31, 2021 | 8,268,947 | 8,268,947 | ||||||||||||||||||||
Common stock issued for convertible debt | $ 315,032 | 4,942,492 | 5,257,524 | |||||||||||||||||||
Common stock issued for convertible debt, shares | 3,150,315,100 | |||||||||||||||||||||
Sale of common stock, net of stock issue costs of $6,081 | $ 74,000 | 289,919 | 363,919 | |||||||||||||||||||
Purchase of common stock net of issue costs, shares | 740,000,000 | |||||||||||||||||||||
Ending balance, value at Dec. 31, 2021 | 1,256 | $ 1,256 | $ 1,759,206 | $ 1,759,206 | 36,775,736 | $ 36,775,736 | (18,997) | $ (18,997) | (64,404,388) | $ (64,404,388) | (25,887,187) | $ (25,887,187) | ||||||||||
Ending balance, shares at Dec. 31, 2021 | 159,666 | 159,666 | 100,000 | 100,000 | 791,567 | 791,567 | 180,000 | 180,000 | 25,000 | 25,000 | 17,592,057,165 | 17,592,057,165 | ||||||||||
Common stock issued for license | $ 16,000 | 48,000 | 64,000 | |||||||||||||||||||
Common shares issued for accrued executive compensation | $ 20,333 | 52,667 | 73,000 | |||||||||||||||||||
Common stock issued for services, shares | 203,333,334 | |||||||||||||||||||||
Common stock and warrants issued in connection with convertible notes financings, net of placement agent fee of $1,350 | $ 6,050 | 102,600 | 108,650 | |||||||||||||||||||
Common stock issued in connection with convertible notes, net of placement agent fee of $1,350, shares | 60,500,000 | |||||||||||||||||||||
Common stock issued for accrued executive compensation | $ 42,857 | 107,143 | 150,000 | |||||||||||||||||||
Common stock issued for accrued salary, shares | 428,571,428 | |||||||||||||||||||||
Common stock issued for accrued consulting fees | $ 20,690 | 279,310 | 300,000 | |||||||||||||||||||
Net income for year ended December 31, 2021 | (1,049,537) | (1,049,537) | ||||||||||||||||||||
Ending balance, value at Mar. 31, 2022 | $ 1,256 | $ 1,865,136 | $ 37,365,456 | $ (18,997) | $ (65,453,925) | $ (26,241,074) | ||||||||||||||||
Ending balance, shares at Mar. 31, 2022 | 159,666 | 100,000 | 791,567 | 180,000 | 25,000 | 18,651,358,479 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Stockholders' Deficit (Parenthetical) | 12 Months Ended |
Dec. 31, 2021 USD ($) | |
Payment to acquire common stock | $ 6,081 |
Coroware, Inc. and Subsidiaries [Member] | |
Placement agent fees | $ 1,350 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
OPERATING ACTIVITIES: | ||||
Net income (loss) for the period | $ 8,268,947 | $ (11,729,741) | ||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||
Depreciation of equipment | 2,704 | |||
Amortization of debt discounts | 3,822 | |||
Gain on extinguishment of debt | (160,807) | |||
Loss (gain) from derivative liability | (9,809,916) | 10,401,881 | ||
Changes in operating assets and liabilities: | ||||
Prepaid consulting fees | (30,000) | |||
Accounts payable and accrued expenses | 1,291,255 | 1,323,057 | ||
NET CASH (USED IN) OPERATING ACTIVITIES | (429,392) | (4,803) | ||
INVESTING ACTIVITIES: | ||||
Purchase of equipment | (47,124) | |||
Acquisition of license | (79,256) | |||
NET CASH USED IN INVESTING ACTIVITIES | (126,380) | |||
FINANCING ACTIVITIES: | ||||
Proceeds from obligations collateralized by receivables | 4,803 | |||
Payments towards obligations collateralized by receivables | (15,000) | |||
Proceeds from convertible debt financings | 200,000 | |||
Payments towards convertible debt | (17,886) | |||
Proceeds from sales of common stock | 363,919 | |||
Payments towards notes payable | (6,250) | |||
Proceeds from related party loans | 112,061 | |||
Payments towards related party loans | (70,500) | |||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 566,344 | 4,803 | ||
NET INCREASE (DECREASE) IN CASH | 10,572 | |||
CASH, BEGINNING OF PERIOD | $ 10,572 | |||
CASH, END OF PERIOD | 10,572 | |||
SUPPLEMENTAL CASH FLOW INFORMATION: | ||||
Interest | ||||
Income taxes | ||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES: | ||||
Conversion of convertible notes and accrued interest through the issuance of common stock | 5,257,524 | |||
Amortization of license | 4,603 | |||
Coroware, Inc. and Subsidiaries [Member] | ||||
OPERATING ACTIVITIES: | ||||
Net income (loss) for the period | (1,049,537) | (6,022,373) | ||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||
Depreciation of equipment | 3,830 | |||
Amortization of licenses | 7,904 | |||
Amortization of debt discounts | 8,313 | |||
Gain on extinguishment of debt | ||||
Stock based compensation | 48,000 | |||
Loss (gain) from derivative liability | 571,095 | 5,684,891 | ||
Changes in operating assets and liabilities: | ||||
Prepaid consulting fees | 33,611 | |||
Accounts payable and accrued expenses | 312,759 | 336,260 | ||
NET CASH (USED IN) OPERATING ACTIVITIES | (64,025) | (1,222) | ||
INVESTING ACTIVITIES: | ||||
Purchase of equipment | ||||
NET CASH USED IN INVESTING ACTIVITIES | ||||
FINANCING ACTIVITIES: | ||||
Proceeds from obligations collateralized by receivables | 1,222 | |||
Proceeds from convertible debt financings | 108,650 | |||
Proceeds from sales of common stock | ||||
Payments towards notes payable | (3,000) | |||
Proceeds from related party loans | ||||
Payments towards related party loans | ||||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 105,650 | 1,222 | ||
NET INCREASE (DECREASE) IN CASH | 41,625 | |||
CASH, BEGINNING OF PERIOD | 10,573 | |||
CASH, END OF PERIOD | 52,198 | $ 10,573 | ||
SUPPLEMENTAL CASH FLOW INFORMATION: | ||||
Interest | ||||
Income taxes | ||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES: | ||||
Common Stock issued in satisfaction of accrued executive compensation | 150,000 | 750,000 | ||
Common Stock issued for accrued consulting fees | 300,000 | |||
Common Stock issued for prepaid marketing fees | 25,000 | |||
Common Stock issued for license | 64,000 | |||
Common stock and warrants issued in connection with new convertible notes | $ 110,000 |
ORGANIZATION
ORGANIZATION | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ||
ORGANIZATION | NOTE A – ORGANIZATION CarbonMeta Technologies, Inc. (f/k/a CoroWare, Inc.) (“CarbonMeta”, the “Company”, “we”, “us”, or “our”) is a publicly quoted company seeking to create value for its shareholders by seeking to acquire business opportunities or other operating entities for growth in return for shares of our common stock. The Company was incorporated on June 8, 2001 under the laws of the State of Nevada as SRM Networks, Inc. In connection with the acquisition of Hy-Tech Computer Systems, Inc. on January 31, 2003, the Company changed its name to Hy-Tech Technology Group, Inc. In connection with the Agreement and Plan of Merger of Robotics Workspace Technology, Inc., Innova Holdings, Inc. and the Company’s wholly owned subsidiary, RWT Acquisition, Inc., dated July 21, 2004, the Company’s named changed to Innova Holdings, Inc. Subsequently, the Company redomiciled in the State of Delaware and on November 20, 2006, the Company changed its name to Innova Robotics and Automation, Inc. and then on April 23, 2008, the Company changed its name to CoroWare, Inc. On or about July 28, 2021, the Company filed Articles of Amendment to its Amended and Restated Certificate of Incorporation with the State of Delaware to reflect a name change from CoroWare, Inc. to CarbonMeta Technologies, Inc. The Company has six wholly-owned subsidiaries: CoroWare Technologies, Inc. (“CTI”), CoroWare Robotics Solutions, Inc. (“CRS”), Robotic Workspace Technologies, Inc. (“RWT”), Carbon Source, Inc. (“CS”), CoroWare Treasury, Inc. (“CWT”), and CarbonMeta Research Ltd. (“CMR”) and a 51% interest in AriCon, LLC (“AriCon”). CoroWare Technologies, Inc. (“CTI”) was incorporated in the State of Florida on May 16, 2006, was administratively dissolved on November 19, 2016, and its principal business was a software professional services company with a strong focus on information technology integration and robotics integration, business automation solutions, and unmanned systems solutions to its customers in North America and Europe. CoroWare Robotics Solutions, Inc. (“CRS”) was incorporated in the State of Texas on February 27, 2015, and its principal business was as a technology incubation company whose focus was on the delivery of mobile robotics and IOT products, solutions and services for university, government and corporate researchers, and enterprise customers. CRS’s business operations were discontinued in October 2016 when the Company’s gross margins and financing costs became unsustainable. Robotic Workspace Technologies, Inc. (“RWT”) was incorporated in the State of Florida on July 1, 1994, was administratively dissolved on September 25, 2009, and its principal business was developing and marketing open-architecture PC controls and related products that could improve the performance, applicability, and productivity of robots and other automated equipment. RWT’s business operations were discontinued in September 2007 when the Company’s losses became unsustainable. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE A – ORGANIZATION (continued) Carbon Source, Inc. (“CS”) was incorporated in the State of Wyoming on June 14, 2021 and its principal business is waste reclamation technologies and processing. CoroWare Treasury, Inc. (“CWT”) was incorporated in the State of Wyoming on July 8, 2021 and its principal business is acquisitions related to acquiring technologies and subsidiary businesses related to waste processing. CarbonMeta Research Ltd. (‘CMR”) was incorporated in England and Wales on August 12, 2021 and its principal business will focus on the development of technologies and solutions for processing organic wastes and generating economically sustainable hydrogen and high-value carbon products. Using proprietary and patented technologies, it plans to implement new industrial methods using inexpensive, environmentally friendly catalysts that process collected plastic waste material into high value products such as hydrogen gas, graphene and carbon nanotubes. AriCon, LLC (“AriCon) was a joint venture that was intended to develop mobile robot platforms, applications, and solutions for the construction industry. In October 2016, AriCon ceased operations of all subsidiary business operations when the Company’s losses became unsustainable, and the Company was not able to obtain investment financing. In 2021, the Company began investigating emerging technologies, strategic intellectual property partnerships, and sustainable growth business opportunities related to the production of hydrogen and high value carbon products from organic waste streams. Working cooperatively with Oxford University Innovation Limited, CarbonMeta plans to implement proven and patented technologies to add value to organic waste streams. By utilizing these proven proprietary technologies, collected and captured plastic waste material can be upcycled to high value products such as carbon nanotubes (“CNTs”) and hydrogen gas. CNTs can be used for improved electrical conduction and reinforcing materials that are used in a wide variety of industries including the automotive industry, aviation industry, medical industry, and construction. The number one growth driver is the increasing need for high performance batteries for the electric vehicle market. The global hydrogen market is expected to more than double by the end of the decade. Plastic waste is a cheap and abundant feedstock that will allow the Company to scale quickly and produce hydrogen gas for a competitive price. License Agreements On June 2, 2021, the Company (the “Licensee”) entered into a License Agreement (the “Agreement”) with Oxford University Innovation Limited (the “Licensor”). Under the terms of the Agreement, the Licensee will license the licensed technology (OUI Project- Hydrogen from plastics via microwave-initiated catalytic dehydrogenation). The Agreement is non-exclusive and includes the United States and European Union. Signing fees for the Agreement were $ 55,713 79,256 5 % of gross sales. The Agreement comprises milestone fees as: (i) £ 20,000 upon the first commercial sale of a licensed product; (ii) £ 50,000 upon generating $ 1,000,000 in sales; (iii) £ 10,000 upon the successful grant of the US patent; and (iv) £ 10,000 upon the successful grant of the EU patent. On December 2, 2021, the Company (“Licensee”) entered into a License of Agr eement (the “Agreement”) with Ecomena Limited (an entity located in the United Kingdom) 20,000 cash (approximately $ 27,247 160,000,000 5000 3000 1000 In order to further grow its business, the Company plans to: ● Develop and patent new microwave catalysis processes that can yield high value hydrogen and carbon products; ● Work closely with commercial building and solar farm general contractors that want to purchase “carbon negative” construction materials that can generate carbon credits; ● Acquire or develop patents that will help the Company generate royalty revenues with potential customers and partners, and protect the Company’s competitive position against potential competitors; ● Develop new proprietary and patented technologies to implement new industrial methods that can use inexpensive, environmentally friendly catalysts to process collected plastic waste material into high value products such as hydrogen gas, graphene and carbon nanotubes; ● seek out government programs in the United Kingdom, European Union and United States that encourage the development of high value production of hydrogen and high value carbon products from organic waste streams; and ● Attract investment funds who will actively work with the Company to achieve these goals and help the Company grow rapidly during the next 3 years. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE A – ORGANIZATION (continued) Some potential merger/acquisition candidate have been identified and discussions initiated. These candidates are within the Company’s core business model, serving commercial properties, accretive to cash flow, and geographically favorable. While seeking to identify acquisition candidates, the Company seeks to identify target entities with a similar core business model or a model which naturally integrates with its own, and which are situated in opportunistic geographic locations. We have unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions, and other factors. The selection of a business opportunity in which to participate is complex and risky. Additionally, we have only limited resources and may find it difficult to locate good opportunities. There can be no assurance that we will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to us and our shareholders. We will select any potential business opportunity based on our management’s best business judgment. Our activities are subject to several significant risks, which arise primarily as a result of the fact that we have no specific business and may acquire or participate in a business opportunity based on the decision of management, which potentially could act without the consent, vote, or approval of our shareholders. The risks faced by us are further increased as a result of its lack of resources and our inability to provide a prospective business opportunity with significant capital. | |
Coroware, Inc. and Subsidiaries [Member] | ||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ||
ORGANIZATION | NOTE A – ORGANIZATION CarbonMeta Technologies, Inc. (f/k/a CoroWare, Inc.) (“CarbonMeta”, the “Company”, “we”, “us”, or “our”) is a publicly quoted company seeking to create value for its shareholders by seeking to acquire business opportunities or other operating entities for growth in return for shares of our common stock. The Company was incorporated on June 8, 2001 under the laws of the State of Nevada as SRM Networks, Inc. In connection with the acquisition of Hy-Tech Computer Systems, Inc. on January 31, 2003, the Company changed its name to Hy-Tech Technology Group, Inc. In connection with the Agreement and Plan of Merger of Robotics Workspace Technology, Inc., Innova Holdings, Inc. and the Company’s wholly owned subsidiary, RWT Acquisition, Inc., dated July 21, 2004, the Company’s named changed to Innova Holdings, Inc. Subsequently, the Company redomiciled in the State of Delaware and on November 20, 2006, the Company changed its name to Innova Robotics and Automation, Inc. and then on April 23, 2008, the Company changed its name to CoroWare, Inc. On or about July 28, 2021, the Company filed Articles of Amendment to its Amended and Restated Certificate of Incorporation with the State of Delaware to reflect a name change from CoroWare, Inc. to CarbonMeta Technologies, Inc. The Company has six wholly-owned subsidiaries: CoroWare Technologies, Inc. (“CTI”), CoroWare Robotics Solutions, Inc. (“CRS”), Robotic Workspace Technologies, Inc. (“RWT”), Carbon Source, Inc. (“CS”), CoroWare Treasury, Inc. (“CWT”), and CarbonMeta Research Ltd. (“CMR”) and a 51 CoroWare Technologies, Inc. (“CTI”) was incorporated in the State of Florida on May 16, 2006, was administratively dissolved on November 19, 2016, and its principal business was a software professional services company with a strong focus on information technology integration and robotics integration, business automation solutions, and unmanned systems solutions to its customers in North America and Europe. CoroWare Robotics Solutions, Inc. (“CRS”) was incorporated in the State of Texas on February 27, 2015, and its principal business was as a technology incubation company whose focus was on the delivery of mobile robotics and IOT products, solutions and services for university, government and corporate researchers, and enterprise customers. CRS’s business operations were discontinued in October 2016 when the Company’s gross margins and financing costs became unsustainable. Robotic Workspace Technologies, Inc. (“RWT”) was incorporated in the State of Florida on July 1, 1994, was administratively dissolved on September 25, 2009, and its principal business was developing and marketing open-architecture PC controls and related products that could improve the performance, applicability, and productivity of robots and other automated equipment. RWT’s business operations were discontinued in September 2007 when the Company’s losses became unsustainable. Carbon Source, Inc. (“CS”) was incorporated in the State of Wyoming on June 14, 2021 and its principal business is waste reclamation technologies and processing. CoroWare Treasury, Inc. (“CWT”) was incorporated in the State of Wyoming on July 8, 2021 and its principal business is acquisitions related to acquiring technologies and subsidiary businesses related to waste processing. CarbonMeta Research Ltd. (‘CMR”) was incorporated in England and Wales on August 12, 2021 and its principal business will focus on the development of technologies and solutions for processing organic wastes and generating economically sustainable hydrogen and high-value carbon products. Using proprietary and patented technologies, it plans to implement new industrial methods using inexpensive, environmentally friendly catalysts that process collected plastic waste material into high value products such as hydrogen gas, graphene and carbon nanotubes. AriCon, LLC (“AriCon) was a joint venture that was intended to develop mobile robot platforms, applications, and solutions for the construction industry. In October 2016, AriCon ceased operations of all subsidiary business operations when the Company’s losses became unsustainable, and the Company was not able to obtain investment financing. In 2021, the Company began investigating emerging technologies, strategic intellectual property partnerships, and sustainable growth business opportunities related to the production of hydrogen and high value carbon products from organic waste streams. Working cooperatively with Oxford University Innovation Limited, CarbonMeta plans to implement proven and patented technologies to add value to organic waste streams. By utilizing these proven proprietary technologies, collected and captured plastic waste material can be upcycled to high value products such as carbon nanotubes (“CNTs”) and hydrogen gas. CNTs can be used for improved electrical conduction and reinforcing materials that are used in a wide variety of industries including the automotive industry, aviation industry, medical industry, and construction. The number one growth driver is the increasing need for high performance batteries for the electric vehicle market. The global hydrogen market is expected to more than double by the end of the decade. Plastic waste is a cheap and abundant feedstock that will allow the Company to scale quickly and produce hydrogen gas for a competitive price. License Agreements On June 2, 2021, the Company (the “Licensee”) entered into a License Agreement (the “Agreement”) with Oxford University Innovation Limited (the “Licensor”). Under the terms of the Agreement, the Licensee will license the licensed technology (OUI Project- Hydrogen from plastics via microwave-initiated catalytic dehydrogenation). The Agreement is non-exclusive and includes the United States and European Union. Signing fees for the Agreement are £ 54,807 and are due on August 2, 2021. The Royalty Rate is 5 % of gross sales. The Agreement comprises milestone fees as: (i) £ 20,000 upon the first commercial sale of a licensed product; (ii) £ 50,000 upon generating $ 1,000,000 in sales; (iii) £ 10,000 upon the successful grant of the US patent; and (iv) £ 10,000 upon the successful grant of the EU patent. On December 2, 2021, the Company (“Licensee”) entered into a License of Agr eement (the “Agreement”) with Ecomena Limited (an entity located in the United Kingdom) 20,000 cash (approximately $ 27,247 160,000,000 5 5000 3000 1000 Production Agreement On January 11, 2022, the Company entered into an Interim Joint Product Development and Sales Representation Agreement (the “Agreement”) with Salvum Corporation. Under the terms of the Agreement, the parties agree to work together to develop both CarbonMeta’s proprietary cementless paver products known as “Cementless Paver” and Salvum’s proprietary concrete alternative products known as “Earthcrete.” During the Term, Salvum agrees to manufacture CarbonMeta’s proprietary cementless paver products known as “Cementless Paver”. CarbonMeta reserves the right to appoint other manufacturers of the products and/or to engage other sales representatives for CarbonMeta’s proprietary cementless paver products known as “Cementless Paver” outside the United States of America. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE A – ORGANIZATION (continued) In order to further grow its business, the Company plans to: ● Develop and patent new microwave catalysis processes that can yield high value hydrogen and carbon products; ● Work closely with commercial building and solar farm general contractors that want to purchase “carbon negative” construction materials that can generate carbon credits; ● Acquire or develop patents that will help the Company generate royalty revenues with potential customers and partners, and protect the Company’s competitive position against potential competitors; ● Develop new proprietary and patented technologies to implement new industrial methods that can use inexpensive, environmentally friendly catalysts to process collected plastic waste material into high value products such as hydrogen gas, graphene and carbon nanotubes; ● seek out government programs in the United Kingdom, European Union and United States that encourage the development of high value production of hydrogen and high value carbon products from organic waste streams; and ● Attract investment funds who will actively work with the Company to achieve these goals and help the Company grow rapidly during the next 3 years. Some potential merger/acquisition candidates have been identified and discussions initiated. These candidates are within the Company’s core business model, serving commercial properties, accretive to cash flow, and geographically favorable. While seeking to identify acquisition candidates, the Company seeks to identify target entities with a similar core business model or a model which naturally integrates with its own, and which are situated in opportunistic geographic locations. We have unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions, and other factors. The selection of a business opportunity in which to participate is complex and risky. Additionally, we have only limited resources and may find it difficult to locate good opportunities. There can be no assurance that we will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to us and our shareholders. We will select any potential business opportunity based on our management’s best business judgment. Our activities are subject to several significant risks, which arise primarily as a result of the fact that we have no specific business and may acquire or participate in a business opportunity based on the decision of management, which potentially could act without the consent, vote, or approval of our shareholders. The risks faced by us are further increased as a result of its lack of resources and our inability to provide a prospective business opportunity with significant capital. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SIGNIFICANT ACCOUNTING POLICIES | NOTE B – SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of CarbonMeta Technologies, Inc. and its wholly-owned subsidiaries, CoroWare Technologies, Inc., CoroWare Robotics Solutions, Inc., Robotic Workspace Technologies, Inc., Carbon Source, Inc., CoroWare Treasury, Inc., and CarbonMeta Research Ltd., as well as its 51% interest in ARiCon, LLC (collectively, the “Company”). All significant inter-company balances and transactions have been eliminated in the consolidated financial statements. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company uses all available information and appropriate techniques to develop its estimates. However, actual results could differ from its estimates. Cash and Cash Equivalents The Company considers highly liquid investments with original maturities of three months or less when purchased as cash equivalents. The Company had no CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Expenditures for major renewals and improvements are capitalized while expenditures for minor replacements, maintenance and repairs are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Upon retirement or disposal of assets, the accounts are relieved of cost and accumulated depreciation and the related gain or loss, if any, is reflected in the consolidated statement of operations. At least annually, the Company evaluates, and adjusts when necessary, the estimated useful lives. The changes in estimated useful lives did not have a material impact on depreciation in any period. The estimated useful lives are: SUMMARY OF ESTIMATED USEFUL LIVES Computer equipment and software 5 years Filament production equipment 3 License The license acquired from Oxford University Innovation Limited ( see Note A Impairment of Long-lived Assets The Company evaluates the carrying value and recoverability of its long-lived assets when circumstances warrant such evaluation by applying the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-35, Property, Plant and Equipment, Subsequent Measurement Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Additionally, taxes are calculated and expensed in accordance with applicable tax code. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Segment Reporting FASB ASC 280-10, Segment Reporting one Fair Value of Financial Instruments The Company follows FASB ASC 820-10-35-37 (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments and paragraph 825-10-50-10 of the FASB ASC for disclosures about fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts reported in the Company’s consolidated financial statements for cash and accounts payable and accrued expenses approximate their fair value because of the immediate or short-term nature of these financial instruments. The carrying amounts reported in the balance sheet for its notes and loans payable approximates fair value as the contractual interest rate and features are consistent with similar instruments of similar risk in the marketplace. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of advances from stockholders, if any, due to their related party nature. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2021 and 2020, on a recurring basis: SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (11,904,070 ) $ - $ (11,904,070 ) Assets and liabilities measured at fair value on a recurring basis at December 31, 2020 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (21,713,986 ) $ - $ (21,713,986 ) Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with professional standards for FASB ASC 815, Derivatives and Hedging Professional standards generally provide three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Professional standards also provide an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument.” The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards under “Accounting for Convertible Securities with Beneficial Conversion Features,” as those professional standards pertain to “Certain Convertible Instruments.” Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments 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 to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the preferred stock transaction and the effective conversion price embedded in the preferred stock. ASC 815 provides that, among other things, generally, if an event is not within the entity’s control could or require net cash settlement, then the contract shall be classified as an asset or a liability. Stock Based Compensation The Company follows FASB ASC 718, Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50, Equity–based Payments to Non-Employees CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Through newly issued restricted common stock, the Company pays qualified contractors and advisors common shares in lieu of compensation for services provided including business development, management, technology development, consulting, legal services and accounting services. Revenue Recognition The Company will recognize revenue for its sales of energy products pursuant to the License Agreement with Oxford University Innovation Limited (see Note A) when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collectability is probable. Product sales will be recognized by us generally at the time product is shipped. Shipping and handling costs will be included in cost of goods sold. Research and Development Research and development costs relating to the development of new products, including significant improvements and refinements to existing products, will be expensed as incurred. Research and development expenses for the years ended December 31, 2021 and 2020 were $ 0 0 CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Basic and Diluted Income (Loss) per Common Share The Company computes basic and diluted earnings per common share amounts in accordance with FASB ASC 260, Earnings per Share For the years ended December 31, 2021 and 2020, the effect of common stock equivalents has been excluded from the calculation of diluted earnings per share as their effect would be anti-dilutive. The Company currently has convertible debt and preferred stock, which, if converted, as of December 31, 2021 and 2020, would have caused the Company to issue diluted shares totaling 32,963,937,306 and 106,376,994,454 , respectively. Dividend Policy The Company has never declared or paid any cash dividends on its common stock. The Company anticipates that any earnings will be retained for development and expansion of its business and does not anticipate paying any cash dividends in the foreseeable future. Additionally, as of December 31, 2021 and 2020, the Company has issued, and has outstanding, shares of Series B Preferred Stock which are entitled, prior to the declaration of any dividends on common stock, to earn a 5 % dividend, payable in either cash or common stock of the Company. The Board of Directors has sole discretion to declare dividends based on the Company’s financial condition, results of operations, capital requirements, contractual obligations and other relevant factors. At December 31, 2021 and 2020, there were cumulative undeclared dividends to Preferred Series B shareholders of $ 119,750 and $ 111,767 , respectively, the obligation for which is contingent on declaration by the board of directors. At December 31, 2021 and 2020, there were accrued unpaid declared dividends of $ 15,969 and $ 15,969 , respectively (which are included in accounts payable and accrued expenses). Recent Accounting Pronouncements Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 | |
Coroware, Inc. and Subsidiaries [Member] | ||
SIGNIFICANT ACCOUNTING POLICIES | NOTE B – SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statements The accompanying unaudited financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of results that may be expected for the year ending December 31, 2022. Principles of Consolidation The consolidated financial statements include the accounts of CarbonMeta Technologies, Inc. and its wholly-owned subsidiaries, CoroWare Technologies, Inc., CoroWare Robotics Solutions, Inc., Robotic Workspace Technologies, Inc., Carbon Source, Inc., CoroWare Treasury, Inc., and CarbonMeta Research Ltd., as well as its 51 CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company uses all available information and appropriate techniques to develop its estimates. However, actual results could differ from its estimates. Cash and Cash Equivalents The Company considers highly liquid investments with original maturities of three months or less when purchased as cash equivalents. The Company had no cash equivalents as of March 31, 2022 and December 31, 2021. At times throughout the year, the Company might maintain bank balances that may exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits. Periodically, the Company evaluates the credit worthiness of the financial institutions and has not experienced any losses in such accounts. As of March 31, 2022 and December 31, 2021, the Company did not have bank balances that exceeded the FDIC insured limits. Property and Equipment Property and equipment are recorded at cost. Expenditures for major renewals and improvements are capitalized while expenditures for minor replacements, maintenance and repairs are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Upon retirement or disposal of assets, the accounts are relieved of cost and accumulated depreciation and the related gain or loss, if any, is reflected in loss on disposal of assets in the unaudited condensed consolidated statement of income and comprehensive income. At least annually, the Company evaluates, and adjusts when necessary, the estimated useful lives. The changes in estimated useful lives did not have a material impact on depreciation in any period. The estimated useful lives are: SUMMARY OF ESTIMATED USEFUL LIVES Computer equipment and software 5 years Filament production equipment 3 years Licenses The licenses acquired from Oxford University Innovation Limited and Ecomena Limited ( see Note A 10 5 Impairment of Long-lived Assets The Company evaluates the carrying value and recoverability of its long-lived assets when circumstances warrant such evaluation by applying the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-35, Property, Plant and Equipment, Subsequent Measurement Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Additionally, taxes are calculated and expensed in accordance with applicable tax code. Segment Reporting FASB ASC 280-10, Segment Reporting Fair Value of Financial Instruments The Company follows FASB ASC 820-10-35-37 (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments and paragraph 825-10-50-10 of the FASB ASC for disclosures about fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts reported in the Company’s unaudited condensed consolidated financial statements for accounts receivable and accounts payable and accrued expenses approximate their fair value because of the immediate or short-term nature of these financial instruments. The carrying amounts reported in the balance sheet for its notes and loans payable approximates fair value as the contractual interest rate and features are consistent with similar instruments of similar risk in the marketplace. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of advances from stockholders, if any, due to their related party nature. The following table presents assets and liabilities that are measured and recognized at fair value as of March 31, 2022 and December 31, 2021, on a recurring basis: SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE Assets and liabilities measured at fair value on a recurring basis at March 31, 2022 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (12,475,165 ) $ - $ (12,475,165 ) Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 Level 1 Level 2 Level 3 Total Derivative liabilities $ - $ (11,904,070 ) $ - $ (11,904,070 ) CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with professional standards for FASB ASC 815, Derivatives and Hedging Professional standards generally provide three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Professional standards also provide an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument.” The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards under “Accounting for Convertible Securities with Beneficial Conversion Features,” as those professional standards pertain to “Certain Convertible Instruments.” Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments 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 to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the preferred stock transaction and the effective conversion price embedded in the preferred stock. ASC 815 provides that, among other things, generally, if an event is not within the entity’s control could or require net cash settlement, then the contract shall be classified as an asset or a liability. Stock Based Compensation The Company follows FASB ASC 718, Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50, Equity–based Payments to Non-Employees Through newly issued restricted common stock, the Company pays qualified contractors and advisors common shares in lieu of compensation for services provided including business development, management, technology development, consulting, legal services and accounting services. Revenue Recognition The Company will recognize revenue for its sales of energy products pursuant to the License Agreements with Oxford University Innovation Limited and Ecomena Limited (see Note A) when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collectability is probable. Product sales will be recognized by us generally at the time product is shipped. Shipping and handling costs will be included in cost of goods sold. Research and Development Research and development costs relate to the development of new products, including significant improvements and refinements to existing products, and are expensed as incurred. Research and development expenses for the three months ended March 31, 2022 and 2021 were $ 4,099 and $ 0 , respectively. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Basic and Diluted Loss per Share The Company computes basic and diluted earnings per share amounts in accordance with FASB ASC 260, Earnings per Share For the three months ended March 31, 2022 and 2021, the effect of common stock equivalents has been excluded from the calculation of diluted earnings per share as their effect would be anti-dilutive. The Company currently has convertible debt and preferred stock, which, if converted, as of March 31, 2022 and December 31, 2021, would have caused the Company to issue diluted shares totaling 36,345,298,945 and 32,963,937,306 , respectively. Dividend Policy The Company has never declared or paid any cash dividends on its common stock. The Company anticipates that any earnings will be retained for development and expansion of its business and does not anticipate paying any cash dividends in the foreseeable future. Additionally, as of March 31, 2022 and December 31, 2021, the Company has issued, and has outstanding, shares of Series B Preferred Stock which are entitled, prior to the declaration of any dividends on common stock, to earn a 5% dividend, payable in either cash or common stock of the Company. The Board of Directors has sole discretion to declare dividends based on the Company’s financial condition, results of operations, capital requirements, contractual obligations and other relevant factors. At March 31, 2022 and December 31, 2021, there were cumulative undeclared dividends to Preferred Series B shareholders of $ 121,746 119,750 15,969 15,969 Recent Accounting Pronouncements Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material. |
GOING CONCERN
GOING CONCERN | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ||
GOING CONCERN | NOTE C – GOING CONCERN The Company realized net income in the amount of $ 8,268,947 during the year ended December 31, 2021 compared to a net loss of $ 11,729,741 for the year ended December 31, 2020. The Company has a working capital deficit of $ 26,006,260 and $ 39,777,577 as of December 31, 2021 and 2020, respectively. The Company has accumulated deficits of $ 64,404,388 and $ 72,673,335 as of December 31, 2021 and 2020, respectively. Additionally, the Company is in default of substantially all of its debt and other obligations (see Notes F, H, I and K). Because of these and other factors, the Company will require additional working capital to develop its business operations. The Company intends to raise additional working capital through the use of private placements, public offerings and/or bank financing. There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placements, public offerings and/or bank financing necessary to support the Company’s working capital requirements. To the extent that funds generated from operations, any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. 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 relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. | |
Coroware, Inc. and Subsidiaries [Member] | ||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ||
GOING CONCERN | NOTE C – GOING CONCERN The Company incurred a net loss in the amount of $ 1,049,537 during the three months ended March 31, 2022 compared to a net loss of $ 6,022,373 for the three months ended March 31, 2021. The Company has a working capital deficit of $ 26,439,659 and $ 26,006,260 as of March 31, 2022 and December 31, 2021, respectively. The Company has accumulated deficits of $ 65,453,925 and $ 64,404,388 as of March 31, 2022 and December 31, 2021, respectively. Additionally, the Company is in default of substantially all of its debt and other obligations (see Notes F, H, I and K). Because of these and other factors, the Company will require additional working capital to develop its business operations. The Company intends to raise additional working capital through the use of private placements, public offerings and/or bank financing. There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placements, public offerings and/or bank financing necessary to support the Company’s working capital requirements. To the extent that funds generated from operations, any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
PROPERTY AND EQUIPMENT, NET | NOTE D – PROPERTY AND EQUIPMENT Property and equipment, net, consists of the following at December 31, 2021 and December 31, 2020: SCHEDULE OF PROPERTY AND EQUIPMENT December 31, December 31, 2021 2020 Computer equipment and software $ 1,325 $ - Filament production equipment 45,799 - Subtotal 47,124 - Less: accumulated depreciation (2,704 ) - Property and equipment, net $ 44,420 $ - Depreciation of equipment expense for the years ended December 31, 2021 and 2020 was $ 2,704 and $ 0 , respectively. | |
Coroware, Inc. and Subsidiaries [Member] | ||
PROPERTY AND EQUIPMENT, NET | NOTE D – PROPERTY AND EQUIPMENT, NET Property and equipment, net, consists of the following at March 31, 2022 and December 31, 2021: SCHEDULE OF PROPERTY AND EQUIPMENT $ 1 $ - March 31, December 31, 2022 2021 Computer equipment and software $ 1,325 $ 1,325 Filament production equipment 45,799 45,799 Subtotal 47,124 47,124 Less: accumulated depreciation (6,534 ) (2,704 ) Property and equipment, net $ 40,590 $ 44,420 Depreciation expense for the three months ended March 31, 2022 and 2021 was $ 3,830 and $ 0 , respectively. |
LICENSES, NET
LICENSES, NET | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
LICENSES, NET | NOTE E – LICENSE, NET The license, net, consists of the following at December 31, 2021 and 2020: SCHEDULE OF LICENSE, NET 2021 2020 December 31, December 31, 2021 2020 License acquired from Oxford University Innovation Limited on June 2, 2021 (see Note A) $ 79,256 $ - Accumulated amortization (4,603 ) - License, net $ 74,653 $ - Amortization of license expense for the years ended December 31, 2021 and 2020 was $ 4,603 0 At December 31, 2021, the expected future amortization of license expense was: SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE Fiscal year ending December 31: 2022 $ 7,926 2023 7,925 2024 7,926 2025 7,925 2026 7,926 Thereafter 35,025 Total $ 74,653 | |
Coroware, Inc. and Subsidiaries [Member] | ||
LICENSES, NET | NOTE E – LICENSES, NET The licenses, net, consists of the following at March 31, 2022 and December 31, 2021: SCHEDULE OF LICENSE, NET 2022 2021 March 31, December 31, 2022 2021 License acquired from Oxford University Innovation Limited on June 2, 2021 ( see Note A $ 79,256 $ 79,256 License acquired from Ecomena Limited effective February 17, 2022 (see Note A) 91,247 - Subtotal 170,503 79,256 Accumulated amortization (12,508 ) (4,603 ) License, net $ 157,995 $ 74,653 Amortization of licenses expense for the three months ended March 31, 2022 and 2021 was $ 7,904 0 At March 31, 2022, the expected future amortization of licenses expense was: SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE Fiscal year ending December 31: 2022 (excluding the three months ended March 31, 2022) $ 19,631 2023 26,175 2024 26,176 2025 26,175 2026 26,176 Thereafter 33,622 Total $ 157,955 CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) |
ACCOUNTS PAYABLE AND ACCRUED EX
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | NOTE F – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consists of the following at December 31, 2021 and 2020: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES December 31, December 31, 2021 2020 Accounts payable $ 1,344,631 $ 1,327,167 Accrued interest 5,422,526 7,012,529 Accrued CEO compensation 874,500 750,000 Accrued payroll 111,368 111,368 Deferred compensation to Chief Technology Officer of Company subsidiary, CoroWare Technologies, Inc. 230,993 230,993 Payroll taxes payable 1,998,735 2,104,551 Commissions payable 221,188 221,188 Accrued consulting fees relating to the Mutual Release and Settlement Agreement dated July 19, 2021 with Y.A. Global Investments, LP (Note H) 350,000 - Accrued dividends on Series B Preferred Stock 15,969 15,969 Credit cards payable - 81,048 Other 71,954 89,561 Total $ 10,641,864 $ 11,944,374 The accounts payable of $ 1,344,631 SCHEDULE OF INFORMATION ABOUT LIABILITIES December 31, 2021 CarbonMeta Technologies, Inc. $ 139,409 CoroWare Technologies, Inc. 1,156,327 CoroWare Robotics Solutions, Inc. 34,353 CoroWare Treasury, Inc. 5,285 AriCon, LLC 9,257 Total $ 1,344,631 The payroll taxes payable of $ 1,998,735 221,188 1,400,000 534,457 106,891 | |
Coroware, Inc. and Subsidiaries [Member] | ||
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | NOTE F – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consists of the following at March 31, 2022 and December 31, 2021: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES March 31, December 31, 2022 2021 Accounts payable $ 1,350,936 $ 1,344,631 Accrued interest 5,635,141 5,422,526 Accrued CEO compensation 762,000 874,500 Accrued payroll 110,335 111,368 Deferred compensation to Chief Technology Officer of Company subsidiary, CoroWare Technologies, Inc. 230,993 230,993 Payroll taxes payable 1,998,735 1,998,735 Commissions payable 221,188 221,188 Accrued consulting fees relating to the Mutual Release and Settlement Agreement dated July 19, 2021 with Y.A. Global Investments, LP (Note H) 50,000 350,000 Accrued dividends on Series B Preferred Stock 15,969 15,969 License fee payable to Ecomena Limited 27,247 - Other 129,325 71,954 Total $ 10,531,869 $ 10,641,864 The accounts payable of $ 1,350,936 SCHEDULE OF INFORMATION ABOUT LIABILITIES December 31, 2021 CarbonMeta Technologies, Inc. $ 150,371 CoroWare Technologies, Inc. 1,156,327 CoroWare Robotics Solutions, Inc. 34,353 Carbon Source, Inc. 628 AriCon, LLC 9,257 Total $ 1,350,936 The payroll taxes payable of $ 1,998,735 221,188 1,400,000 534,457 106,891 |
OBLIGATIONS COLLATERALIZED BY R
OBLIGATIONS COLLATERALIZED BY RECEIVABLES, NET | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Short-Term Debt [Line Items] | ||
OBLIGATIONS COLLATERALIZED BY RECEIVABLES, NET | NOTE G – OBLIGATIONS COLLATERALIZED BY RECEIVABLES, NET Obligations collateralized by receivables consist of: SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES December 31, December 31, 2021 2020 Knight Capital July 16, 2015 arrangement $ - $ 76,317 Quick Fix Capital August 17, 2015 arrangement 48,907 48,907 Power Up January 8, 2016 arrangement 14,232 14,232 Power Up April 12, 2016 arrangement 67,645 67,645 Power Up April 28, 2016 arrangement 29,696 29,696 Power Up June 2, 2016 arrangement 45,756 45,756 Total $ 206,236 $ 282,553 The financing arrangements relating to the above liabilities were entered into between CoroWare Technologies, Inc. (“CTI”), a subsidiary of the Company, and lenders in 2015 and 2016. The agreements provided for financing plus debt discounts for CTI to repay to the lenders. The terms of repayment require CTI to remit to the lenders certain percentages of future receivables collections until such time as the balances are paid in full. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 | |
Coroware, Inc. and Subsidiaries [Member] | ||
Short-Term Debt [Line Items] | ||
OBLIGATIONS COLLATERALIZED BY RECEIVABLES, NET | NOTE G – OBLIGATIONS COLLATERALIZED BY RECEIVABLES, NET Obligations collateralized by receivables consist of: SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES March 31, December 31, 2022 2021 Quick Fix Capital August 17, 2015 arrangement $ 48,907 $ 48,907 Power Up January 8, 2016 arrangement 14,232 14,232 Power Up April 12, 2016 arrangement 67,645 67,645 Power Up April 28, 2016 arrangement 29,696 29,696 Power Up June 2, 2016 arrangement 45,756 45,756 Total $ 206,236 $ 206,236 The financing arrangements relating to the above liabilities were entered into between CoroWare Technologies, Inc. (“CTI”), a subsidiary of the Company, and lenders in 2015 and 2016. The agreements provided for financing plus debt discounts for CTI to repay to the lenders. The terms of repayment require CTI to remit to the lenders certain percentages of future receivables collections until such time as the balances are paid in full. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) The ending principal balance of this borrowing at March 31, 2022 was $ 45,756 Obligations collateralized by receivables consist of: SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES December 31, December 31, 2021 2020 Knight Capital July 16, 2015 arrangement $ - $ 76,317 Quick Fix Capital August 17, 2015 arrangement 48,907 48,907 Power Up January 8, 2016 arrangement 14,232 14,232 Power Up April 12, 2016 arrangement 67,645 67,645 Power Up April 28, 2016 arrangement 29,696 29,696 Power Up June 2, 2016 arrangement 45,756 45,756 Total $ 206,236 $ 282,553 |
CONVERTIBLE DEBT NET
CONVERTIBLE DEBT NET | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
CONVERTIBLE DEBT NET | NOTE H – CONVERTIBLE DEBT, NET CONVERTIBLE DEBT NET Convertible debt, net, consists of: SCHEDULE OF CONVERTIBLE DEBT, NET Interest Default Conversion Principal Balance at Accrued Interest Balance at December 31, Lender Rate Rate Price 2021 2020 2021 2020 YA Global Investments, LP - loan date February 5, 2016 and due date of April 30, 2016 , in technical default 6.00 % 18.00 % (1) $ - $ 2,715,990 $ - $ 2,298,634 Westmount Holdings International, Ltd - loan date January 12, 2010 due on demand 14.00 % 14.00 % (2) 537,317 537,317 893,044 817,819 Tangiers Investment Group, LLC – loan date March 9, 2013 and due date of March 9, 2014, in technical default 10.00 % 20.00 % (3 ) - - 891 891 Tangiers Investment Group, LLC - loan date November 13, 2013 and due date of November 13, 2014 , in technical default 10.00 % 20.00 % (3) - 17,000 - 22,547 Tangiers Investment Group, LLC – loan date March 27, 2014 and due date of March 27, 2015 , in technical default 10.00 % 20.00 % (3) 75,000 75,000 107,219 92,219 Tangiers Investment Group, LLC – due on demand 0.00 % 15.00 % (3) 47,000 72,000 62,892 61,264 Tangiers Investment Group, LLC – loan date October 11, 2016 and due date of October 20, 2017 , in technical default 0.00 % 20.00 % 0.0001 10,000 10,000 6,663 6,411 Tangiers Investment Group, LLC – loan date January 30, 2017 and due date of January 30, 2018 , in technical default 10.00 % 20.00 % 0.001 30,910 30,910 18,445 21,129 Tangiers Investment Group, LLC – loan date July 19, 2021 and due date of July 19, 2022 10.00 % 20.00 % $ 0.001 105,000 - 4,775 - Tangiers Investment Group, LLC – loan date September 8, 2021 and due date of September 8, 2022 10.00 % 20.00 % $ 0.001 105,000 - 3,279 - Dakota Capital Pty, Ltd – loan date April 8, 2014 and due date of December 31, 2014 , in technical default 14.00 % 14.00 % (4) 200,000 200,000 216,482 188,842 Zoom Marketing – loan date August 23, 2013 and due date of January 23, 2014 5.00 % 10.00 % (9 ) 65,000 65,000 55,819 49,319 Burrington Capital, LLC – loan date April 2, 2014 and due date of October 1, 2014 10.00 % 15.00 % (13 ) 25,000 25,000 52,447 41,721 Patrick Ferro – loan date April 3, 2014 and due date of December 31, 2014 14.00 % 14.00 % (14 ) 26,825 26,825 34,948 31,193 Barry Liben – loan date April 3, 2014 and due date of December 31, 2014 0.00 % 0.00 % (14 ) 52,800 52,800 - - Jared Robert – loan date December 10, 2014 and due date of June 10, 2015 10.00 % 15.00 % (13 ) 20,000 20,000 35,883 28,144 Raphael Cariou – loan date August 3, 2012 and due date of February 3, 2013 , in technical default 10.00 % 15.00 % (5) 7,000 7,000 20,763 16,918 Raphael Cariou – loan date March 12, 2015 and due date of September 12, 2015 , in technical default 24.00 % 29.00 % (5) 82,178 82,178 493,167 349,820 Raphael Cariou - loan date March 12, 2015 and due date of September 12, 2015 , in technical default 24.00 % 29.00 % (5) 94,178 94,178 552,242 391,187 Redwood Management, LLC – loan date of March 21, 2011 and due date of March 18, 2013 , in technical default 14.00 % 14.00 % (2) 123,936 123,936 153,329 135,978 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014 , in technical default 14.00 % 14.00 % (10) 8,640 8,640 101,485 87,176 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10) 42,000 42,000 101,941 83,278 Tim Burgess – loan date of July 8, 2003 and due date of January 8, 2004 , in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 136,914 129,414 Azriel Nagar – loan date of July 8, 2003 and due date of January 8, 2004 , in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 136,914 129,414 Kelburgh, Ltd – loan date of February 12, 2012 and due date of March 22, 2012 , in technical default 10.00 % 15.00 % (9 ) 13,000 13,000 43,311 35,512 Premier IT Solutions – loan date of October 5, 2011 and due date of March 5, 2012 , in technical default 10.00 % 15.00 % (8 ) 21,962 21,962 77,073 63,358 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015 , in technical default 12.00 % 24.00 % (12 ) 32,000 32,000 56,137 48,457 LG Capital Funding, LLC – loan date of January 7, 2015 and due date of January 7, 2016 , in technical default 12.00 % 24.00 % (12 ) 20,625 20,625 32,094 27,144 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015 , in technical default 12.00 % 24.00 % (12 ) 24,000 24,000 42,103 36,343 Barclay Lyons – loan date of January 28, 2011 and due date of July 28, 2011 in technical default 21.00 % 36.00 % (7 ) 10,750 10,750 41,484 37,614 Blackridge Capital, LLC – loan date of April 2, 2011 and due date of July 28, 2011 in technical default 10.00 % 15.00 % (8 ) 6,985 6,985 106,920 94,596 Blackridge Capital, LLC – loan date of February 21, 2014 and due date of September 21, 2014 in technical default 8.00 % 8.00 % (11 ) 5,000 5,000 4,152 3,451 RBB Capital, LLC – loan date of June 2, 2011 and due date of June 1, 2012 in technical default 8.00 % 15.00 % (16 ) - 7,683 - 21,271 RBB Capital, LLC – loan date of June 29, 2011 and due date of June 29, 2012 in technical default 8.00 % 8.00 % (17 ) - 202 - 5,531 Julian Herskowitz – loan date of July 8, 2003 and due date of January 8, 2004 in technical default 8.00 % 15.00 % (18 ) - - 16,287 16,287 Patrick Tuohy – loan date of April 1, 2014 and due date of December 31, 2014 in technical default 14.00 % 14.00 % (13 ) - - 153 153 Richard Wynns – loan date July 22, 2005 and due date of December 31, 2006 , in technical default 5.00 % 5.00 % $ 0.15 7,500 7,500 7,127 6,752 Richard Wynns - loan date July 26, 2010 and due date of December 31, 2011 , in technical default 10.00 % 10.00 % (6) 93,998 93,998 108,072 98,672 Total 1,993,603 4,549,479 3,724,455 5,474,608 Less debt discounts (6,178 ) - - - Net $ 1,987,425 $ 4,549,479 $ 3,724,455 $ 5,474,608 (1) Lesser of (a) $0.0003 or (b) 50% of the lowest closing price during the 20-day trading period prior to conversion . (2) Lesser of (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion . (3) 50% of the lowest closing price during the 20-day trading period prior to conversion. (4) Lesser of (a) $0.02 or (b) 50% of the lowest closing price during the 30-day trading period prior to conversion . (5) 86.9565% of the average prices of the five trading days prior to the conversion date. (6) 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. (7) 50% of the lesser of (i) the closing price on the day prior to conversion, or (ii) the volume-weighted-average closing price of the five-day trading period prior to conversion, though in no instance shall the conversion price be less than $0.0001. (8) Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. (9) 85% of the average of the five trading days prior to the applicable conversion date. (10) 35% of the lowest closing price during the 20-day trading period prior to conversion. (11) 60% of the lowest closing price during the 30-day trading period prior to conversion (12) 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion (13) 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. (14) 50% of the average of the three lowest closing prices during the 30-day trading period prior to conversion, or $0.02, whichever is lower, with the conversion rate being rounded to $0.0001 or whole share. (15) 45% of the lowest closing price during the 20-day trading period prior to, and including the date of, conversion. (16) 50% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (17) 85% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (18) 65% of the lowest closing price during the 7-day trading period prior to conversion On July 19, 2021, the Company entered into a Settlement Agreement with Y.A. Global Investments, LP (“YA Global”). Pursuant to the Settlement Agreement, the Company issued a total of 2,225,000,000 5,192,492 2,715,910 2,476,582 In the Company’s evaluation of each convertible debt instrument in accordance with FASB ASC 815, Derivatives and Hedging see NOTE L – DERIVATIVE LIABILITY 6,178 0 | |
Coroware, Inc. and Subsidiaries [Member] | ||
CONVERTIBLE DEBT NET | NOTE H – CONVERTIBLE DEBT NET Convertible debt, net, consists of: SCHEDULE OF CONVERTIBLE DEBT, NET Principal Balance at Accrued Interest Balance at Lender Interest Rate Default Rate Conversion Price March 31, 2022 December 31, March 31, December 31, Westmount Holdings International, Ltd – loan date January 12, 2010 due on demand 14.00 % 14.00 % (2 ) $ 537,317 $ 537,317 $ 911,592 $ 893,044 Tangiers Investment Group, LLC – loan date March 9, 2013 and due date of March 9, 2014, in technical default 10.00 % 20.00 % (3 ) - - 891 891 Tangiers Investment Group, LLC – loan date March 27, 2014 and due date of March 27, 2015, in technical default 10.00 % 20.00 % (3 ) 75,000 75,000 110,918 107,219 Tangiers Investment Group, LLC – due on demand 0.00 % 15.00 % (3 ) 47,000 47,000 62,892 62,892 Tangiers Investment Group, LLC – loan date October 11, 2016 and due date of October 20, 2017, in technical default 0.00 % 20.00 % 0.0001 10,000 10,000 6,663 6,663 Tangiers Investment Group, LLC – loan date January 30, 2017 and due date of January 30, 2018, in technical default 10.00 % 20.00 % 0.001 30,910 30,910 18,445 18,445 Tangiers Investment Group, LLC – loan date July 19, 2021 and due date of July 19, 2022 10.00 % 20.00 % $ 0.001 105,000 105,000 7,364 4,775 Tangiers Investment Group, LLC – loan date September 8, 2021 and due date of September 8, 2022 10.00 % 20.00 % $ 0.001 105,000 105,000 5,868 3,279 Tangiers Investment Group, LLC – loan date March 21, 2022 and due date of March 21, 2023 12.00 % 16.00 % 0.0002 55,000 - 181 - Lloyd T. Spencer (the Company’s sole officer and director) – loan date March 7, 2022 and due date of March 7, 2023 12.00 % 16.00 % 0.0002 66,000 - 521 - Dakota Capital Pty, Ltd – loan date April 8, 2014 and due date of December 31, 2014, in technical default 14.00 % 14.00 % (4 ) 200,000 200,000 223,386 216,482 Zoom Marketing – loan date August 23, 2013 and due date of January 23, 2014, in technical default 5.00 % 10.00 % (9 ) 65,000 65,000 57,241 55,819 Burrington 10.00 % 15.00 % (13 ) 25,000 25,000 55,347 52,447 Patrick Ferro – loan date April 3, 2014 and due date of December 31, 2014, in technical default 14.00 % 14.00 % (14 ) 26,825 26,825 35,874 34,948 Barry Liben – loan date April 3, 2014 and due date of December 31, 2014, in technical default 0.00 % 0.00 % (14 ) 52,800 52,800 - - Jared Robert – loan date December 10, 2014 and due date of June 10, 2015, in technical default 10.00 % 15.00 % (13 ) 20,000 20,000 37,976 35,883 Raphael Cariou – loan date August 3, 2012 and due date of February 3, 2013, in technical default 10.00 % 15.00 % (5 ) 7,000 7,000 21,803 20,763 Raphael Cariou – loan date March 12, 2015 and due date of September 12, 2015, in technical default 24.00 % 29.00 % (5 ) 82,178 82,178 535,296 493,167 Raphael Cariou - loan date March 12, 2015 and due date of September 12, 2015, in technical default 24.00 % 29.00 % (5 ) 94,178 94,178 599,574 552,242 Redwood Management, LLC – loan date of March 21, 2011 and due date of March 18, 2013, in technical default 14.00 % 14.00 % (2 ) 123,936 123,936 157,608 153,329 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10 ) 8,640 8,640 105,330 101,485 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10 ) 42,000 42,000 106,967 101,941 Tim Burgess – loan date of July 8, 2003 and due date of January 8, 2004, in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 138,763 136,914 Azriel Nagar – loan date of July 8, 2003 and due date of January 8, 2004, in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 138,763 136,914 Kelburgh, Ltd – loan date of February 12, 2012 and due date of March 22, 2012, in technical default 10.00 % 15.00 % (9 ) 13,000 13,000 45,419 43,311 Premier IT Solutions – loan date of October 5, 2011 and due date of March 5, 2012, in technical default 10.00 % 15.00 % (8 ) 21,962 21,962 80,782 77,073 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015, in technical default 12.00 % 24.00 % (12 ) 32,000 32,000 58,031 56,137 LG Capital Funding, LLC – loan date of January 7, 2015 and due date of January 7, 2016, in technical default 12.00 % 24.00 % (12 ) 20,625 20,625 33,314 32,094 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015, in technical default 12.00 % 24.00 % (12 ) 24,000 24,000 43,524 42,103 Barclay Lyons – loan date of January 28, 2011 and due date of July 28, 2011 in technical default 21.00 % 36.00 % (7 ) 10,750 10,750 42,438 41,484 Blackridge Capital, LLC – loan date of April 2, 2011 and due date of July 28, 2011 in technical default 10.00 % 15.00 % (8 ) 6,985 6,985 111,185 106,920 Blackridge Capital, LLC – loan date of February 21, 2014 and due date of September 21, 2014 in technical default 8.00 % 8.00 % (11 ) 5,000 5,000 4,334 4,152 Julian Herskowitz – loan date of July 8, 2003 and due date of January 8, 2004 in technical default 8.00 % 15.00 % (18 ) - - 16,287 16,287 Patrick Tuohy – loan date of April 1, 2014 and due date of December 31, 2014 in technical default 14.00 % 14.00 % (13 ) - - 153 153 Richard Wynns – loan date July 22, 2005 and due date of December 31, 2006, in technical default 5.00 % 5.00 % $ 0.15 7,500 7,500 7,219 7,127 Richard Wynns - loan date July 26, 2010 and due date of December 31, 2011, in technical default 10.00 % 10.00 % (6 ) 93,997 93,997 110,422 108,072 Total 2,114,603 1,993,603 3,892,551 3,724,455 Less debt discounts (118,865 ) (6,178 ) - - Net $ 1,995,738 $ 1,987,425 $ 3,892,551 $ 3,724,455 (1) n/a (2) Lesser of (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion. (3) 50% of the lowest closing price during the 20-day trading period prior to conversion. (4) Lesser of (a) $0.02 or (b) 50% of the lowest closing price during the 30-day trading period prior to conversion. (5) 86.9565% of the average prices of the five trading days prior to the conversion date. (6) 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. (7) 50% of the lesser of (i) the closing price on the day prior to conversion, or (ii) the volume-weighted-average closing price of the five-day trading period prior to conversion, though in no instance shall the conversion price be less than $0.0001. (8) Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. (9) 85% of the average of the five trading days prior to the applicable conversion date. (10) 35% of the lowest closing price during the 20-day trading period prior to conversion. (11) 60% of the lowest closing price during the 30-day trading period prior to conversion (12) 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion (13) 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. (14) 50% of the average of the three lowest closing prices during the 30-day trading period prior to conversion, or $0.02, whichever is lower, with the conversion rate being rounded to $0.0001 or whole share. (15) 45% of the lowest closing price during the 20-day trading period prior to, and including the date of, conversion. (16) 50% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (17) 85% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (18) 65% of the lowest closing price during the 7-day trading period prior to conversion CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) In the Company’s evaluation of each convertible debt instrument in accordance with FASB ASC 815, Derivatives and Hedging see NOTE L – DERIVATIVE LIABILITY 118,865 6,178 |
NOTES PAYABLE
NOTES PAYABLE | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Short-Term Debt [Line Items] | ||
NOTES PAYABLE | NOTE I – NOTES PAYABLE Notes payable consist of: SCHEDULE OF NOTES PAYABLE Principal Balance Accrued Interest Balance December 31, December 31, Description (i) 2021 2020 2021 2020 $ 45,000 $ $ 106,155 $ 98,055 Gary Sumner June 29, 2017 5% 18% March 31, 2018 $ 45,000 $ 45,000 $ 106,155 $ 98,055 LTC International Corp July 3, 2018 20.8% 41.6% December 17, 2018 4,732 4,732 28,739 26,770 Richard Wynns July 27, 2010 18% 21% January 23, 2011 25,000 25,000 240,877 190,908 William Rittman May 10, 2016 16% August 29, 2016 3,000 11,250 - 8,545 Barclay Lyons March 15, 2011 18.99% 28.99% March 25, 2011 15,000 15,000 46,922 42,574 John Kroon March 17, 2010 18% 21% September 13, 2010 10,000 10,000 104,704 83,146 Walter Jay Bell October 18, 2013 10% November 29, 2013 10,000 10,000 8,257 7,246 Walter Jay Bell April 24, 2016 10% June 30, 2016 8,641 8,641 2,483 2,046 George Ferch March 29, 2011 0% 21% June 27, 2011 5,000 5,000 39,572 31,195 Blackridge, LLC April 11, 2012 5% 5% May 25, 2012 1,500 1,500 952 877 Total $ 127,873 $ 136,123 $ 578,661 $ 491,362 (i) Unless otherwise noted, interest is simple interest. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 | |
Coroware, Inc. and Subsidiaries [Member] | ||
Short-Term Debt [Line Items] | ||
NOTES PAYABLE | NOTE I – NOTES PAYABLE Notes payable consist of: SCHEDULE OF NOTES PAYABLE Principal Balance Accrued Interest Balance Description (i) March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Gary Sumner June 29, 2017 5 18 March 31, 2018 $ 45,000 $ 45,000 $ 108,153 $ 106,155 LTC International Corp July 3, 2018 20.8 41.6 December 17, 2018 4,732 4,732 29,224 28,739 Richard Wynns July 27, 2010 18 21 January 23, 2011 25,000 25,000 253,286 240,877 William Rittman May 10, 2016 16 August 29, 2016 - 3,000 - - Barclay Lyons March 15, 2011 18.99 28.99 March 25, 2011 15,000 15,000 47,995 46,922 John Kroon March 17, 2010 18 21 September 13, 2010 10,000 10,000 110,057 104,704 Walter Jay Bell October 18, 2013 10 November 29, 2013 10,000 10,000 8,504 8,257 Walter Jay Bell April 24, 2016 10 June 30, 2016 8,641 8,641 2,589 2,483 George Ferch March 29, 2011 0 21 June 27, 2011 5,000 5,000 41,653 39,572 Blackridge, LLC April 11, 2012 5 5 May 25, 2012 1,500 1,500 971 952 Total $ 124,873 $ 127,873 $ 602,432 $ 578,661 (i) Unless otherwise noted, interest is simple interest. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) |
NOTES PAYABLE, RELATED PARTIES
NOTES PAYABLE, RELATED PARTIES | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
NOTES PAYABLE, RELATED PARTIES | NOTE J – NOTES PAYABLE, RELATED PARTIES As of December 31, 2021 and 2020, the Company had an aggregate total of $ 199,415 and $ 157,854 , respectively, in related party notes payable. These notes bear simple interest at rates ranging from 10 % to 18 % per annum, with default simple interest at rates ranging from 10% to 24 % per annum. Accrued interest on related party notes payable totaled $ 426,110 and $ 390,342 at December 31, 2021 and 2020, respectively. | |
Coroware, Inc. and Subsidiaries [Member] | ||
NOTES PAYABLE, RELATED PARTIES | NOTE J – NOTES PAYABLE, RELATED PARTIES As of March 31, 2022 and December 31, 2021, the Company had an aggregate total of $ 199,415 and $ 199,415 , respectively, in related party notes payable. These notes bear simple interest at rates ranging from 10 % to 18 % per annum, with default simple interest at rates ranging from 10 % to 24 % per annum. Accrued interest on related party notes payable totaled $ 437,194 and $ 426,110 at March 31, 2022 and December 31, 2021, respectively. |
SMALL BUSINESS ADMINISTRATION L
SMALL BUSINESS ADMINISTRATION LOAN | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SMALL BUSINESS ADMINISTRATION LOAN | NOTE K – SMALL BUSINESS ADMINISTRATION LOAN On April 17, 2002, the Company borrowed $ 989,100 4 979,950 979,950 4,813 The Company and the Small Business Administration reached an agreement in November 2010, whereby the Small Business Administration would accept $ 500 per month for 12 months with payment reverting back to $ 4,813 in November 2011. The Company only made four payments under the modification agreement. The Company continues to carry the loan as a current term liability because current payments are not being made, resulting in a default. Accrued interest payable on the note totaled $ 693,299 and $ 654,101 as of December 31, 2021 and 2020, respectively. | |
Coroware, Inc. and Subsidiaries [Member] | ||
SMALL BUSINESS ADMINISTRATION LOAN | NOTE K – SMALL BUSINESS ADMINISTRATION LOAN On April 17, 2002, the Company borrowed $ 989,100 4 979,950 979,950 4,813 The Company and the Small Business Administration reached an agreement in November 2010, whereby the Small Business Administration would accept $ 500 per month for 12 months with payment reverting back to $ 4,813 in November 2011. The Company only made four payments under the modification agreement. The Company continues to carry the loan as a current term liability because current payments are not being made, resulting in a default. Accrued interest payable on the note totaled $ 732,497 and $ 693,299 as of March 31, 2022 and December 31, 2021, respectively. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) |
DERIVATIVE LIABILITY
DERIVATIVE LIABILITY | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
DERIVATIVE LIABILITY | NOTE L – DERIVATIVE LIABILITY Effective July 31, 2009, the Company adopted ASC 815, which defines determining whether an instrument (or embedded feature) is solely indexed to an entity’s own stock. The conversion price of certain convertible notes and convertible preferred stock are variable and subject to the fair value of the Company’s common stock on the date of conversion. As a result, the Company has determined that the conversion features are not considered to be solely indexed to the Company’s own stock and is therefore not afforded equity treatment. In accordance with ASC 815, the Company has bifurcated the conversion features of the instruments to be recorded as a derivative liability. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE L – DERIVATIVE LIABILITY (continued) ASC 815 requires Company management to assess the fair market value of certain derivatives at each reporting period and recognize any change in the fair market value as items of other income or expense. The Company’s only asset or liability measured at fair value on a recurring basis is its derivative liability associated with convertible notes payable and preferred stock. At origination and subsequent revaluations, the Company valued the derivative liabilities using the Black-Scholes options pricing model under the following assumptions as of December 31, 2021 and 2020: SUMMARY OF DERIVATIVE LIABILITIES December 31, 2020 Risk-free interest rate 0.73 % 0.13 0.36 % Expected options life 1 2 1 3 Expected dividend yield - - Expected price volatility 341 % 693 % For the year ended December 31, 2021, the Company’s derivative liability decreased from $ 21,713,986 to $ 11,904,070 , and the Company recognized a gain from derivative liability of $ 9,809,916 . For the year ended December 31, 2020, the Company’s derivative liability increased from $ 11,312,105 21,713,986 10,401,881 | |
Coroware, Inc. and Subsidiaries [Member] | ||
DERIVATIVE LIABILITY | NOTE L – DERIVATIVE LIABILITY Effective July 31, 2009, the Company adopted ASC 815, which defines determining whether an instrument (or embedded feature) is solely indexed to an entity’s own stock. The conversion price of certain convertible notes and convertible preferred stock are variable and subject to the fair value of the Company’s common stock on the date of conversion. As a result, the Company has determined that the conversion features are not considered to be solely indexed to the Company’s own stock and is therefore not afforded equity treatment. In accordance with ASC 815, the Company has bifurcated the conversion features of the instruments to be recorded as a derivative liability. ASC 815 requires Company management to assess the fair market value of certain derivatives at each reporting period and recognize any change in the fair market value as items of other income or expense. The Company’s only asset or liability measured at fair value on a recurring basis is its derivative liability associated with convertible notes payable and preferred stock. At origination and subsequent revaluations, the Company valued the derivative liabilities using the Black-Scholes options pricing model under the following assumptions as of March 31, 2022 and December 31, 2021: SUMMARY OF DERIVATIVE LIABILITIES March 31, 2022 December 31, 2021 Risk-free interest rate 2.12 2.37 % 0.73 % Expected options life 1.75 2.48 1 3 Expected dividend yield - - Expected price volatility 362.89 335.27 % 693.00 % For the three months ended March 31, 2022, the Company’s derivative liability increased from $ 11,904,070 at December 31, 2021 to $ 12,475,165 at March 31, 2022 and the Company recognized a loss on derivative liabilities of ( $571,095 ). For the three months ended March 31, 2021, the Company’s derivative liability increased from $ 21,713,986 27,398,877 5,684,891 |
PREFERRED STOCK
PREFERRED STOCK | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Subsidiary or Equity Method Investee [Line Items] | ||
PREFERRED STOCK | NOTE M – PREFERRED STOCK a) Series A Preferred Stock The Company has authorized 125,000 shares of Series A Preferred Stock. Each share of Series A Preferred Stock (i) pays a dividend of 5 %, payable at the discretion of the Company in cash or common stock, (ii) is convertible immediately after issuance into the Company’s common stock at the lesser of $3,000 per share (as adjusted for the November 20, 2006 1 for 10, the April 8, 2009 1 for 300 and the July 12, 2012 1 for 200 reverse stock splits or 75% of the average closing bid prices over the 20 trading days immediately preceding the date of conversion, (iii) has a liquidation preference of $ 1.00 per share, (iv) may be redeemed by the Company at any time up to five years after the issuance date for $ 1.30 per share plus accrued and unpaid dividends, and (v) has no voting rights except as provided by Delaware law. There were no issuances, conversions or redemptions of Series A Preferred Stock during the years ended December 31, 2021 and December 31, 2020. At December 31, 2021 and 2020, the Company had 0 and 0 shares of Series A Preferred Stock issued and outstanding, respectively. b) Series B Preferred Stock The Company has authorized 525,000 shares of Series B Preferred Stock. Each share of Series B Preferred Stock (i) pays a dividend of 5 %, payable at the discretion of the Company in cash or common stock, (ii) is convertible immediately after issuance into the Company’s common stock at the lesser of $3,000 per share (as adjusted for the November 20, 2006 1 for 10, the April 8, 2009 1 for 300 and the July 12, 2012 1 for 200 reverse stock splits or 75% of the average closing bid prices over the 20 trading days immediately preceding the date of conversion, (iii) has a liquidation preference of $ 1.00 per share, (iv) may be redeemed by the Company at any time up to five years 1.30 . CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE M – PREFERRED STOCK (continued) There were no issuances, conversions or redemptions of Series B Preferred Stock during the years ended December 31, 2021 and December 31, 2020. At December 31, 2021 and 2020, the Company had 159,666 and 159,666 shares of Series B Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series B Preferred Stock, the embedded conversion feature related to the Series B Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series B Preferred Stock of $ 177,743 and $ 425,776 as of December 31, 2021 and 2020, respectively. These amounts are included as a derivative liability on the Company’s consolidated balance sheet. Fair value adjustments of $ 248,033 and ($ 212,888 ) were credited (charged) to derivative income (expense) for the years ended December 31, 2021 and 2020, respectively. c) Series C Preferred Stock The Company has authorized 500,000 shares of Series C Preferred Stock. During 2007, the Company initiated a private offering under Regulation D of the Securities Act of 1933 (the “Private Offering”), of an aggregate 500,000 units (collectively referred to as the “Units”) at a price of $ 1.00 per Unit, with each Unit consisting of one share of Series C Preferred Stock convertible at the lesser of 85 % of the average closing bid price of the common stock over the 20 trading days immediately preceding the date of conversion, or $ 0.04 per share and stock purchase warrants equal to the number of shares of common stock converted from the Series C Preferred Stock, exercisable at $ 0.06 per share and which expire five years from the conversion date. There were no issuances, conversions or redemptions of Series C Preferred Stock during the years ended December 31 2021 and 2020. At December 31, 2021 and 2020, the Company had 0 and 0 shares of Series C Preferred Stock issued and outstanding, respectively. d) Series D Preferred Stock On November 10, 2011, the Board approved by unanimous written consent an amendment to the Company’s Certificate of Incorporation to designate the rights and preferences of Series D Preferred Stock. There are 500,000 shares of Series D Preferred Stock authorized with a par value of $ 0.001 . Each share of Series D Preferred Stock has a stated value equal to $ 1.00 . These preferred shares rank higher than all other securities. Each outstanding share of Series D Preferred Stock shall be convertible into the number of shares of the Company’s common stock determined by dividing the stated value by the conversion price which is defined as 85 % of the average closing bid price of the common stock over the twenty trading days immediately preceding the date of conversion, but no less than par value of the common stock. Mandatory conversion can be demanded by the Company prior to October 1, 2013. Each share of the Series D Preferred Stock shall have voting rights equal to 100,000 votes of common stock . There were no issuances, conversions or redemptions of Series D Preferred Stock during the years ended December 31, 2021 and 2020. At December 31, 2021 and 2020, there were 100,000 and 100,000 shares of Series D Preferred Stock issued and outstanding, respectively. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE M – PREFERRED STOCK (continued) Based upon the Company’s evaluation of the terms and conditions of the Series D Preferred Stock, the embedded conversion feature related to the Series D Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series D Preferred Stock of $ 396,956 and $ 200,000 as of December 31, 2021 and 2020, respectively. These amounts are included as a derivative liability on the Company’s consolidated balance sheet. Fair value adjustments of ($ 196,956 ) and ($ 100,000 ) were charged to derivative income (expense) for the years ended December 31, 2021 and 2020, respectively. e) Series E Preferred Stock On March 9, 2012, the Company filed the Certificate of Designation of the Rights and Preferences of Series E Preferred Stock of the Company with the Delaware Secretary of the State pursuant to which the Company set forth the designation, powers, rights, privileges, preferences and restrictions of 1,000,000 authorized shares of Series E Preferred Stock, par value $ 0.001 per share. The Series E Preferred Stock is convertible into common stock at 50 % There were no issuances, conversions or redemptions of Series E Preferred Stock during the years ended December 31, 2021 and 2020. At December 31, 2021 and 2020, there were 791,567 and 791,567 shares of Series E Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series E Preferred Stock, the embedded conversion feature related to the Series E Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series E Preferred Stock of $ 2,469,349 and $ 1,388,822 as of December 31, 2021 and 2020, respectively. These amounts are included as a derivative liability on the Company’s consolidated balance sheet. Fair value adjustments of ($ 1,080,527) , and ($ 622,071) were charged to derivative income (expense) for the years ended December 31, 2021 and 2020, respectively. f) Series F Preferred Stock On October 4, 2013, the Company filed the certificate of designation pursuant to which the Company set forth the designation, powers, rights, privileges, preferences and restrictions of 500,000 0.001 CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE M – PREFERRED STOCK (continued) The shares of Series F Preferred Stock have a stated value of $ 1.00 130 There were no issuances, conversions or redemptions of Series F Preferred Stock during the years ended December 31, 2021 and 2020. At December 31, 2021 and 2020, the Company had 180,000 and 180,000 shares of Series F Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series F Preferred Stock, the embedded conversion feature related to the Series F Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series F Preferred Stock of $ 754,217 380,000 374,217 190,000 g) Series G Preferred Stock On April 17, 2014, the Company filed the certificate of designation pursuant to which the Company set forth the designation, powers, rights, privileges, preferences and restrictions of 500,000 0.001 The shares of Series G Preferred Stock have a stated value of $ 1.00 voting rights equal to 5,000,000 votes of common stock 85 There were no issuances, conversions or redemptions of Series G Preferred Stock during the years ended December 31, 2021 and 2020. At December 31, 2021 and 2020, the Company had 25,000 and 25,000 shares of Series G Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series G Preferred Stock, the embedded conversion feature related to the Series G Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE M – PREFERRED STOCK (continued) The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series G Preferred Stock of $ 99,239 and $ 50,000 as of December 31, 2021 and 2020, respectively. These amounts are included as a derivative liability on the Company’s consolidated balance sheet. Fair value adjustments of ($ 49,239 ) and ($ 25,000 ) were charged to derivative income (expense) for the years ended December 31, 2021 and 2020, respectively. | |
Coroware, Inc. and Subsidiaries [Member] | ||
Subsidiary or Equity Method Investee [Line Items] | ||
PREFERRED STOCK | NOTE M – PREFERRED STOCK a) Series A Preferred Stock The Company has authorized 125,000 shares of Series A Preferred Stock. Each share of Series A Preferred Stock (i) pays a dividend of 5 %, payable at the discretion of the Company in cash or common stock, (ii) is convertible immediately after issuance into the Company’s common stock at the lesser of $ 3.00 per share (as adjusted for the November 20, 2006 1 for 10, the April 8, 2009 1 for 300 and the July 12, 2012 1 for 200 reverse stock splits 1.00 per share, (iv) may be redeemed by the Company at any time up to five years after the issuance date for $ 1.30 per share plus accrued and unpaid dividends, and (v) has no voting rights except as provided by Delaware law. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE M – PREFERRED STOCK (continued) There were no issuances, conversions or redemptions of Series A Preferred Stock during the three months ended March 31, 2022 and during the year ended December 31, 2021. At March 31, 2022 and December 31, 2021, the Company had no shares of Series A Preferred Stock issued and outstanding. b) Series B Preferred Stock The Company has authorized 525,000 5% 3,000 November 20, 2006 1 for 10, the April 8, 2009 1 for 300 and the July 12, 2012 1 for 200 reverse stock splits 1.00 five years 1.30 There were no issuances, conversions or redemptions of Series B Preferred Stock during the three months ended March 31, 2022 and during the year ended December 31, 2021. At March 31, 2022 and December 31, 2021, the Company had 159,666 and 159,666 shares of Series B Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series B Preferred Stock, the embedded conversion feature related to the Series B Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series B Preferred Stock of $ 197,177 and $ 177,743 as of March 31, 2022 and December 31, 2021, respectively. These amounts are included as a derivative liability on the Company’s unaudited condensed consolidated balance sheet. Fair value adjustments of ( $19,434 ) and $ 274,254 were credited (charged) to derivative income (expense) for the three months ended March 31, 2022 and 2021, respectively. c) Series C Preferred Stock The Company has authorized 500,000 shares of Series C Preferred Stock. During 2007, the Company initiated a private offering under Regulation D of the Securities Act of 1933 (the “Private Offering”), of an aggregate 500,000 units (collectively referred to as the “Units”) at a price of $ 1.00 per Unit, with each Unit consisting of one share of Series C Preferred Stock convertible at the lesser of 85 % of the average closing bid price of the common stock over the 20 trading days immediately preceding the date of conversion, or $ 0.04 per share, and stock purchase warrants equal to the number of shares of common stock converted from the Series C Preferred Stock, exercisable at $ 0.06 per share and which expire five years from the conversion date. There were no issuances, conversions or redemptions of Series C Preferred Stock during the three months ended March 31, 2022 and during the year ended December 31, 2021. At March 31, 2022 and December 31, 2021, the Company had no shares of Series C Preferred Stock issued and outstanding. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE M – PREFERRED STOCK (continued) d) Series D Preferred Stock On November 10, 2011 the Board approved by unanimous written consent an amendment to the Company’s Certificate of Incorporation to designate the rights and preferences of Series D Preferred Stock. There are 500,000 0.001 1.00 85 Each share of the Series D Preferred Stock shall have voting rights equal to 100,000 votes of common stock. There were no issuances, conversions or redemptions of Series D Preferred Stock during the three months ended March 31, 2022 and during the year ended December 31, 2021. At March 31, 2022 and December 31, 2021 there were 100,000 and 100,000 shares of Series D Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series D Preferred Stock, the embedded conversion feature related to the Series D Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series D Preferred Stock of $ 347,095 and $ 396,956 as of March 31, 2022 and December 31, 2021, respectively. These amounts are included as a derivative liability on the Company’s unaudited condensed consolidated balance sheet. Fair value adjustments of $ 49,861 and ( $500,000 ) were credited (charged) to derivative income (expense) for the three months ended March 31, 2022 and 2021, respectively. e) Series E Preferred Stock On March 9, 2012, the Company filed the Certificate of Designation of the Rights and Preferences of Series E Preferred Stock of the Company with the Delaware Secretary of the State pursuant to which the Company set forth the designation, powers, rights, privileges, preferences and restrictions of 1,000,000 0.001 50 CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE M – PREFERRED STOCK (continued) There were no issuances, conversions or redemptions of Series E Preferred Stock during the three months ended March 31, 2022 and during the year ended December 31, 2021. At March 31, 2022 and December 31, 2021, there were 791,567 and 791,567 shares of Series E Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series E Preferred Stock, the embedded conversion feature related to the Series E Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series E Preferred Stock of $ 2,850,963 and $ 2,469,349 as of March 31, 2022 and December 31, 2021, respectively. These amounts are included as a derivative liability on the Company’s unaudited condensed consolidated balance sheet. Fair value adjustments of ( $381,614 ) and ( $3,345,459 ) were charged to derivative income (expense) for the three months ended March 31, 2022 and 2021, respectively. f) Series F Preferred Stock On October 4, 2013, the Company filed the certificate of designation pursuant to which the Company set forth the designation, powers, rights, privileges, preferences and restrictions of 500,000 0.001 The shares of Series F Preferred Stock have a stated value of $ 1.00 130 There were no issuances, conversions or redemptions of Series F Preferred Stock during the three months ended March 31, 2022 and during the year ended December 31, 2021. At March 31, 2022 and December 31, 2021, the Company had 180,000 and 180,000 shares of Series F Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series F Preferred Stock, the embedded conversion feature related to the Series F Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series F Preferred Stock of $ 659,481 and $ 754,217 as of March 31, 2022 and December 31, 2021, respectively. These amounts are included as a derivative liability on the Company’s unaudited condensed consolidated balance sheet. Fair value adjustments of $ 94,736 and ( $950,000 ) were credited (charged) to derivative income (expense) for the three months ended March 31, 2022 and 2021, respectively. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE M – PREFERRED STOCK (continued) g) Series G Preferred Stock On April 17, 2014, the Company filed the certificate of designation pursuant to which the Company set forth the designation, powers, rights, privileges, preferences and restrictions of 500,000 The shares of Series G Preferred Stock have a stated value of $ 1.00 voting rights equal to 5,000,000 votes of common stock 85 There were no issuances, conversions or redemptions of Series G Preferred Stock during the three months ended March 31, 2022 and during the year ended December 31, 2021. At March 31, 2022 and December 31, 2021, the Company had 25,000 and 25,000 shares of Series G Preferred Stock issued and outstanding, respectively. Based upon the Company’s evaluation of the terms and conditions of the Series G Preferred Stock, the embedded conversion feature related to the Series G Preferred Stock was afforded the exemption as a conventional convertible instrument due to certain variabilities in the conversion price and met the conditions for equity classification. However, the Company is required to bifurcate the embedded conversion feature and carry it as a derivative liability. The Company estimated the fair value of the compound derivative using a common stock equivalent and the current share price of the Company’s common stock. As a result of this estimate, the Company’s valuation model resulted in a compound derivative balance associated with the Series G Preferred Stock of $ 86,774 and $ 99,239 as of March 31, 2022 and December 31, 2021, respectively. These amounts are included as a derivative liability on the Company’s unaudited condensed consolidated balance sheet. Fair value adjustments of $ 12,465 and ( $125,000 ) were credited (charged) to derivative income (expense) for the three months ended March 31, 2022 and 2021, respectively. |
COMMON STOCK AND TREASURY STOCK
COMMON STOCK AND TREASURY STOCK | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Subsidiary or Equity Method Investee [Line Items] | ||
COMMON STOCK AND TREASURY STOCK | NOTE N – COMMON STOCK AND TREASURY STOCK Common Stock The Company is authorized to issue up to 35,000,000,000 shares of $ 0.0001 par value common stock, of which 17,403,876,165 and 13,513,561,065 shares were outstanding as of December 31, 2021 and 2020, respectively. Issuances during the year ended December 31, 2021: On March 9, 2021, the Company issued 7,500,000,000 750,000 On May 28, 2021, the Company issued 400,315,100 17,000 23,032 On June 4, 2021, the Company’s sole officer and director, Lloyd Spencer, returned 7,500,000,000 On August 10, 2021, the Company issued 250,000,000 25,000 On September 14, 2021, the Company issued 250,000,000 25,000 On September 24, 2021, the Company issued 666,666,666 200,000 On September 27, 2021, the Company issued 666,666,666 200,000 On October 7, 2021, the Company issued 458,333,333 137,500 On October 13, 2021, the Company issued 458,333,335 137,500 On October 21, 2021, the Company issued 200,000,000 0.0005 On October 22, 2021, the Company issued 120,000,000 0.0005 On October 22, 2021, the Company issued 20,000,000 0.0005 On November 4, 2021, the Company issued 200,000,000 0.0005 On November 10, 2021, the Company issued 100,000,000 0.0005 On November 12, 2021, the Company issued 100,000,000 0.0005 Issuances during the year ended December 31, 2020: None Treasury Stock As of December 31, 2021 and 2020, the Company held 188,181,000 shares of common stock in treasury. | |
Coroware, Inc. and Subsidiaries [Member] | ||
Subsidiary or Equity Method Investee [Line Items] | ||
COMMON STOCK AND TREASURY STOCK | NOTE N – COMMON STOCK AND TREASURY STOCK Common Stock The Company is authorized to issue up to 35,000,000,000 shares of $ 0.0001 par value common stock, of which 18,463,177,479 and 17,403,876,165 shares were outstanding as of March 31, 2022 and December 31, 2021, respectively. Issuances during the three months ended March 31, 2022: On January 21, 2022, the Company issued 206,896,552 c accrued consulting fees in connection with Debt, Net On January 21, 2022, the Company issued its sole officer and director, Lloyd Spencer, 428,571,428 compensation 150,000 On February 14, 2022, the Company issued 83,333,334 Note A, Production Agreement On February 14, 2022, the Company issued 30,000,000 On February 14, 2022, the Company issued a total of 90,000,000 30,000,000 other On February 17, 2022, the Company issued 160,000,000 (see Note A, License Agreements). On March 7, 2022, the Company issued 33,000,000 66,000 On March 21, 2022, the Company issued 27,500,000 55,000 CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE N – COMMON STOCK AND TREASURY STOCK (continued) Treasury Stock As of March 31, 2022 and December 31, 2021, the Company held 188,181,000 |
STOCK OPTIONS AND WARRANTS
STOCK OPTIONS AND WARRANTS | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
STOCK OPTIONS AND WARRANTS | NOTE O – STOCK OPTIONS AND WARRANTS Employee Stock Options None Non-employee Stock Options None Stock Purchase Warrants As of December 31, 2021 and 2020, the Company had 0 0 see NOTE Q – SUBSEQUENT EVENTS | |
Coroware, Inc. and Subsidiaries [Member] | ||
STOCK OPTIONS AND WARRANTS | NOTE O – STOCK OPTIONS AND WARRANTS At March 31, 2022, the Company has outstanding a total of 290,000,000 SCHEDULE OF WARRANTS/OPTIONS ISSUED Name Date of Issuance Shares upon Exercise Expiration Lloyd Spencer (i) March 7, 2022 165,000,000 $ 0.0002 March 7, 2027 Tangiers Investment Group, LLC (ii) March 21, 2022 125,000,000 0.0004 March 21, 2027 (i) On March 7, 2022, the Company issued Lloyd Spencer (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the amount of $ 66,000 1 ) year (Maturity date of March 7, 2023 ) and bears interest at 12 % annually. The Note is convertible, in whole or in part, at any time and from time to time before maturity at the option of the Holder at the Fixed Conversion Price of $ 0.0002 per share. of principal and $ 521 of accrued interest remaining on this note. In connection with this note, the Holder was issued warrants to purchase 165,000,000 shares of the Company’s Common Stock at $ 0.0002 per share . (ii) On March 21, 2022, the Company issued Tangiers Investment Group, LLC (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the amount of $ 55,000 . The Note has a term of one ( 1 ) year (Maturity date of March 21, 2023 ) and bears interest at 12 % annually. The Note is convertible, in whole or in part, at any time and from time to time before maturity at the option of the Holder at the Fixed Conversion Price of $ 0.0002 per share . Upon the event of default, the Note shall accrue interest at the rate equal to the lower of 16 % per annum or the highest rate permitted by law. The transaction closed on March 21, 2022. As of March 31, 2022, there is $ 55,000 of principal and $ 181 of accrued interest remaining on this note. In connection with this note, the Holder was issued warrants to purchase 125,000,000 shares of the Company’s Common Stock at $ 0.0004 per share . |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Subsequent Event [Line Items] | ||
SUBSEQUENT EVENTS | NOTE Q – SUBSEQUENT EVENTS On January 11, 2022, the Company entered into an On January 21, 2022, the Company issued 206,896,552 c accrued consulting fees in connection with Debt, Net On January 21, 2022, the Company issued its sole officer and director, Lloyd Spencer, 428,571,428 compensation 150,000 On February 14, 2022, the Company issued 83,333,334 On February 14, 2022, the Company issued 30,000,000 On February 14, 2022, the Company issued a total of 90,000,000 30,000,000 other On February 17, 2022, the Company issued 160,000,000 20,000 cash (approximately $ 27,247 yet 160,000,000 to the Licensor 5% 5000 3000 1000 On March 7, 2022, the Company received $66,000 from the Company Chief executive Officer Lloyd Spencer and Lloyd T. Spencer (the “Holder”) a Promissory Note (the “ ”) in the principal amount of $ 66,000 . The Note has a term of one ( ) year (Maturity Date of March 7, 2023 ) and bears interest at 12 annually. . 0.0002 165,000,000 0.0002 The transaction closed on March 7, 2022. On March 21, 2022, the Company issued to , LLC (the “Holder”) a Promissory Note (the “ ”) in the principal amount of $ 55,000 . The Note has a term of one ( ) year (Maturity Date of March 21, 2023 ) and bears interest at 12 annually. . 0.0002 125,000,000 0.0004 27,500,000 The transaction closed on March 21 On April 14, 2022, the Company and MacRab, LLC (the “Investor”) entered into a Standby Equity Commitment Agreement (the “Agreement”) whereby the Company shall issue and sell to the Investor, from time to time, up to $ 5,000,000 88% 500,000,000 0.0004 On May 10, 2022, the Company issued MacRab, LLC (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the amount of $ 33,056 1 May 10, 2023 12% 0.0002 16% 74,375,000 0.0004 16,527,775 On July 14, 2022, the Company issued BHP Capital NY, Inc. (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 25,000 July 14, 2023 12% 0.0002 per share 62,500,000 0.0004 per share 212,500,000 On July 14, 2022, the Company issued Quick Capital, LLC (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 25,000 1 July 14, 2023 12% 0.0002 62,500,000 0.0004 per share 212,500,000 On July 15, 2022, the Company issued the Robert Papiri Defined Benefit Plan (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 10,000 1 July 15, 2023 12% 0.0002 25,000,000 0.0004 per share 85,000,000 On July 15, 2022, the Company issued the Robert Papiri Defined Contribution Plan (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 2,500 1 July 15, 2023 12% 0.0002 6,250,000 0.0004 21,250,000 On July 15, 2022, the Company issued the RGP Capital Partners, Inc. (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 2,500 1 July 15, 2023 12% 0.0002 6,250,000 0.0004 21,250,000 | |
Coroware, Inc. and Subsidiaries [Member] | ||
Subsequent Event [Line Items] | ||
SUBSEQUENT EVENTS | NOTE P – SUBSEQUENT EVENTS On April 14, 2022, the Company and MacRab, LLC (the “Investor”) entered into a Standby Equity Commitment Agreement (the “Agreement”) whereby the Company shall issue and sell to the Investor, from time to time, up to $ 5,000,000 88% 500,000,000 0.0004 per share On May 10, 2022, the Company issued MacRab, LLC (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the amount of $33,056 1 May 10, 2023 12% $0.0002 per share. 16% On July 14, 2022, the Company issued BHP Capital NY, Inc. (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 25,000 1 July 14, 2023 12% 0.0002 per share 62,500,000 0.0004 per share 212,500,000 On July 14, 2022, the Company issued Quick Capital, LLC (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 25,000 1 July 14, 2023 12% 0.0002 per share 62,500,000 0.0004 per share 212,500,000 On July 15, 2022, the Company issued the Robert Papiri Defined Benefit Plan (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 10,000 1 July 15, 2023 12% 0.0002 per share 25,000,000 0.0004 per share 85,000,000 On July 15, 2022, the Company issued the Robert Papiri Defined Contribution Plan (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 2,500 1 July 15, 2023 12% 0.0002 per share 6,250,000 0.0004 per share 21,250,000 On July 15, 2022, the Company issued the RGP Capital Partners, Inc. (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the principal amount of $ 2,500 1 July 15, 2023 12% 0.0002 6,250,000 0.0004 per share 21,250,000 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE D – PROPERTY AND EQUIPMENT Property and equipment, net, consists of the following at December 31, 2021 and December 31, 2020: SCHEDULE OF PROPERTY AND EQUIPMENT December 31, December 31, 2021 2020 Computer equipment and software $ 1,325 $ - Filament production equipment 45,799 - Subtotal 47,124 - Less: accumulated depreciation (2,704 ) - Property and equipment, net $ 44,420 $ - Depreciation of equipment expense for the years ended December 31, 2021 and 2020 was $ 2,704 and $ 0 , respectively. |
LICENSE, NET
LICENSE, NET | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
LICENSE, NET | NOTE E – LICENSE, NET The license, net, consists of the following at December 31, 2021 and 2020: SCHEDULE OF LICENSE, NET 2021 2020 December 31, December 31, 2021 2020 License acquired from Oxford University Innovation Limited on June 2, 2021 (see Note A) $ 79,256 $ - Accumulated amortization (4,603 ) - License, net $ 74,653 $ - Amortization of license expense for the years ended December 31, 2021 and 2020 was $ 4,603 0 At December 31, 2021, the expected future amortization of license expense was: SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE Fiscal year ending December 31: 2022 $ 7,926 2023 7,925 2024 7,926 2025 7,925 2026 7,926 Thereafter 35,025 Total $ 74,653 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE P – INCOME TAXES The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes ASC 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company’s financial statements. ASC 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the consolidated financial statements. Net deferred tax assets consist of the following components as of December 31, 2021 and 2020: The sources of the differences follow: SCHEDULE OF DEFERRED TAX ASSETS 2021 2020 December 31, 2021 2020 Loss carryforwards $ 5,381,301 $ 5,057,697 Valuation (5,381,301 ) (5,057,697 ) Net deferred tax assets $ - $ - The income tax provision differs from the amount of income tax determined by applying the estimated U.S. federal tax rate of 21 SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) 2021 2020 For the years ended December 31, 2021 2020 Expected income tax (benefit) at 21 $ 1,736,479 $ (2,463,246 ) Non-deductible (non-taxable) loss (gain) from derivative liability (2,060,082 ) 2,184,395 Change in valuation allowance 323,603 278,851 Provision for income taxes $ - $ - At December 31, 2021, the Company had net operating loss carry forwards of approximately $ 25,000,000 21,000,000 In accordance with generally accepted accounting principles, the Company has analyzed its filing positions in all jurisdictions where it is required to file income tax returns for the open tax years in such jurisdictions. The Company has identified its federal and state income tax returns for the previous ten years remain subject to examination. The Company currently believes that all significant filing positions are highly certain and that all of its significant income tax filing positions and deductions would be sustained upon audit. Therefore, the Company has no significant reserves for uncertain tax positions, and no adjustments to such reserves were required by generally accepted accounting principles. No interest or penalties have been levied against the Company and none are anticipated; therefore no interest or penalty has been included in the provision for income taxes in the consolidated statements of operations. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of CarbonMeta Technologies, Inc. and its wholly-owned subsidiaries, CoroWare Technologies, Inc., CoroWare Robotics Solutions, Inc., Robotic Workspace Technologies, Inc., Carbon Source, Inc., CoroWare Treasury, Inc., and CarbonMeta Research Ltd., as well as its 51% interest in ARiCon, LLC (collectively, the “Company”). All significant inter-company balances and transactions have been eliminated in the consolidated financial statements. | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company uses all available information and appropriate techniques to develop its estimates. However, actual results could differ from its estimates. | |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers highly liquid investments with original maturities of three months or less when purchased as cash equivalents. The Company had no CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) | |
Property and Equipment | Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Expenditures for major renewals and improvements are capitalized while expenditures for minor replacements, maintenance and repairs are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Upon retirement or disposal of assets, the accounts are relieved of cost and accumulated depreciation and the related gain or loss, if any, is reflected in the consolidated statement of operations. At least annually, the Company evaluates, and adjusts when necessary, the estimated useful lives. The changes in estimated useful lives did not have a material impact on depreciation in any period. The estimated useful lives are: SUMMARY OF ESTIMATED USEFUL LIVES Computer equipment and software 5 years Filament production equipment 3 | |
Impairment of Long-lived Assets | Impairment of Long-lived Assets The Company evaluates the carrying value and recoverability of its long-lived assets when circumstances warrant such evaluation by applying the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-35, Property, Plant and Equipment, Subsequent Measurement | |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Additionally, taxes are calculated and expensed in accordance with applicable tax code. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) | |
Segment Reporting | Segment Reporting FASB ASC 280-10, Segment Reporting one | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows FASB ASC 820-10-35-37 (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments and paragraph 825-10-50-10 of the FASB ASC for disclosures about fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts reported in the Company’s consolidated financial statements for cash and accounts payable and accrued expenses approximate their fair value because of the immediate or short-term nature of these financial instruments. The carrying amounts reported in the balance sheet for its notes and loans payable approximates fair value as the contractual interest rate and features are consistent with similar instruments of similar risk in the marketplace. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of advances from stockholders, if any, due to their related party nature. CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2021 and 2020, on a recurring basis: SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (11,904,070 ) $ - $ (11,904,070 ) Assets and liabilities measured at fair value on a recurring basis at December 31, 2020 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (21,713,986 ) $ - $ (21,713,986 ) | |
Convertible Instruments | Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with professional standards for FASB ASC 815, Derivatives and Hedging Professional standards generally provide three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Professional standards also provide an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument.” The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards under “Accounting for Convertible Securities with Beneficial Conversion Features,” as those professional standards pertain to “Certain Convertible Instruments.” Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments 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 to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the preferred stock transaction and the effective conversion price embedded in the preferred stock. ASC 815 provides that, among other things, generally, if an event is not within the entity’s control could or require net cash settlement, then the contract shall be classified as an asset or a liability. | |
Stock Based Compensation | Stock Based Compensation The Company follows FASB ASC 718, Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50, Equity–based Payments to Non-Employees CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Through newly issued restricted common stock, the Company pays qualified contractors and advisors common shares in lieu of compensation for services provided including business development, management, technology development, consulting, legal services and accounting services. | |
Revenue Recognition | Revenue Recognition The Company will recognize revenue for its sales of energy products pursuant to the License Agreement with Oxford University Innovation Limited (see Note A) when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collectability is probable. Product sales will be recognized by us generally at the time product is shipped. Shipping and handling costs will be included in cost of goods sold. | |
Research and Development | Research and Development Research and development costs relating to the development of new products, including significant improvements and refinements to existing products, will be expensed as incurred. Research and development expenses for the years ended December 31, 2021 and 2020 were $ 0 0 CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2021 and 2020 NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) | |
Basic and Diluted Income (Loss) per Common Share | Basic and Diluted Income (Loss) per Common Share The Company computes basic and diluted earnings per common share amounts in accordance with FASB ASC 260, Earnings per Share For the years ended December 31, 2021 and 2020, the effect of common stock equivalents has been excluded from the calculation of diluted earnings per share as their effect would be anti-dilutive. The Company currently has convertible debt and preferred stock, which, if converted, as of December 31, 2021 and 2020, would have caused the Company to issue diluted shares totaling 32,963,937,306 and 106,376,994,454 , respectively. | |
Dividend Policy | Dividend Policy The Company has never declared or paid any cash dividends on its common stock. The Company anticipates that any earnings will be retained for development and expansion of its business and does not anticipate paying any cash dividends in the foreseeable future. Additionally, as of December 31, 2021 and 2020, the Company has issued, and has outstanding, shares of Series B Preferred Stock which are entitled, prior to the declaration of any dividends on common stock, to earn a 5 % dividend, payable in either cash or common stock of the Company. The Board of Directors has sole discretion to declare dividends based on the Company’s financial condition, results of operations, capital requirements, contractual obligations and other relevant factors. At December 31, 2021 and 2020, there were cumulative undeclared dividends to Preferred Series B shareholders of $ 119,750 and $ 111,767 , respectively, the obligation for which is contingent on declaration by the board of directors. At December 31, 2021 and 2020, there were accrued unpaid declared dividends of $ 15,969 and $ 15,969 , respectively (which are included in accounts payable and accrued expenses). | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material. | |
License | License The license acquired from Oxford University Innovation Limited ( see Note A | |
Coroware, Inc. and Subsidiaries [Member] | ||
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of CarbonMeta Technologies, Inc. and its wholly-owned subsidiaries, CoroWare Technologies, Inc., CoroWare Robotics Solutions, Inc., Robotic Workspace Technologies, Inc., Carbon Source, Inc., CoroWare Treasury, Inc., and CarbonMeta Research Ltd., as well as its 51 CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company uses all available information and appropriate techniques to develop its estimates. However, actual results could differ from its estimates. | |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers highly liquid investments with original maturities of three months or less when purchased as cash equivalents. The Company had no cash equivalents as of March 31, 2022 and December 31, 2021. At times throughout the year, the Company might maintain bank balances that may exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits. Periodically, the Company evaluates the credit worthiness of the financial institutions and has not experienced any losses in such accounts. As of March 31, 2022 and December 31, 2021, the Company did not have bank balances that exceeded the FDIC insured limits. | |
Property and Equipment | Property and Equipment Property and equipment are recorded at cost. Expenditures for major renewals and improvements are capitalized while expenditures for minor replacements, maintenance and repairs are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Upon retirement or disposal of assets, the accounts are relieved of cost and accumulated depreciation and the related gain or loss, if any, is reflected in loss on disposal of assets in the unaudited condensed consolidated statement of income and comprehensive income. At least annually, the Company evaluates, and adjusts when necessary, the estimated useful lives. The changes in estimated useful lives did not have a material impact on depreciation in any period. The estimated useful lives are: SUMMARY OF ESTIMATED USEFUL LIVES Computer equipment and software 5 years Filament production equipment 3 years | |
Licenses | Licenses The licenses acquired from Oxford University Innovation Limited and Ecomena Limited ( see Note A 10 5 | |
Impairment of Long-lived Assets | Impairment of Long-lived Assets The Company evaluates the carrying value and recoverability of its long-lived assets when circumstances warrant such evaluation by applying the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-35, Property, Plant and Equipment, Subsequent Measurement | |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Additionally, taxes are calculated and expensed in accordance with applicable tax code. | |
Segment Reporting | Segment Reporting FASB ASC 280-10, Segment Reporting | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows FASB ASC 820-10-35-37 (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments and paragraph 825-10-50-10 of the FASB ASC for disclosures about fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts reported in the Company’s unaudited condensed consolidated financial statements for accounts receivable and accounts payable and accrued expenses approximate their fair value because of the immediate or short-term nature of these financial instruments. The carrying amounts reported in the balance sheet for its notes and loans payable approximates fair value as the contractual interest rate and features are consistent with similar instruments of similar risk in the marketplace. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of advances from stockholders, if any, due to their related party nature. The following table presents assets and liabilities that are measured and recognized at fair value as of March 31, 2022 and December 31, 2021, on a recurring basis: SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE Assets and liabilities measured at fair value on a recurring basis at March 31, 2022 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (12,475,165 ) $ - $ (12,475,165 ) Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 Level 1 Level 2 Level 3 Total Derivative liabilities $ - $ (11,904,070 ) $ - $ (11,904,070 ) CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) | |
Convertible Instruments | Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with professional standards for FASB ASC 815, Derivatives and Hedging Professional standards generally provide three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Professional standards also provide an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument.” The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards under “Accounting for Convertible Securities with Beneficial Conversion Features,” as those professional standards pertain to “Certain Convertible Instruments.” Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments 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 to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the preferred stock transaction and the effective conversion price embedded in the preferred stock. ASC 815 provides that, among other things, generally, if an event is not within the entity’s control could or require net cash settlement, then the contract shall be classified as an asset or a liability. | |
Stock Based Compensation | Stock Based Compensation The Company follows FASB ASC 718, Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50, Equity–based Payments to Non-Employees Through newly issued restricted common stock, the Company pays qualified contractors and advisors common shares in lieu of compensation for services provided including business development, management, technology development, consulting, legal services and accounting services. | |
Revenue Recognition | Revenue Recognition The Company will recognize revenue for its sales of energy products pursuant to the License Agreements with Oxford University Innovation Limited and Ecomena Limited (see Note A) when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collectability is probable. Product sales will be recognized by us generally at the time product is shipped. Shipping and handling costs will be included in cost of goods sold. | |
Research and Development | Research and Development Research and development costs relate to the development of new products, including significant improvements and refinements to existing products, and are expensed as incurred. Research and development expenses for the three months ended March 31, 2022 and 2021 were $ 4,099 and $ 0 , respectively. CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (Unaudited) NOTE B – SIGNIFICANT ACCOUNTING POLICIES (continued) | |
Basic and Diluted Income (Loss) per Common Share | Basic and Diluted Loss per Share The Company computes basic and diluted earnings per share amounts in accordance with FASB ASC 260, Earnings per Share For the three months ended March 31, 2022 and 2021, the effect of common stock equivalents has been excluded from the calculation of diluted earnings per share as their effect would be anti-dilutive. The Company currently has convertible debt and preferred stock, which, if converted, as of March 31, 2022 and December 31, 2021, would have caused the Company to issue diluted shares totaling 36,345,298,945 and 32,963,937,306 , respectively. | |
Dividend Policy | Dividend Policy The Company has never declared or paid any cash dividends on its common stock. The Company anticipates that any earnings will be retained for development and expansion of its business and does not anticipate paying any cash dividends in the foreseeable future. Additionally, as of March 31, 2022 and December 31, 2021, the Company has issued, and has outstanding, shares of Series B Preferred Stock which are entitled, prior to the declaration of any dividends on common stock, to earn a 5% dividend, payable in either cash or common stock of the Company. The Board of Directors has sole discretion to declare dividends based on the Company’s financial condition, results of operations, capital requirements, contractual obligations and other relevant factors. At March 31, 2022 and December 31, 2021, there were cumulative undeclared dividends to Preferred Series B shareholders of $ 121,746 119,750 15,969 15,969 | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material. |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SUMMARY OF ESTIMATED USEFUL LIVES | At least annually, the Company evaluates, and adjusts when necessary, the estimated useful lives. The changes in estimated useful lives did not have a material impact on depreciation in any period. The estimated useful lives are: SUMMARY OF ESTIMATED USEFUL LIVES Computer equipment and software 5 years Filament production equipment 3 | |
SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE | The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2021 and 2020, on a recurring basis: SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (11,904,070 ) $ - $ (11,904,070 ) Assets and liabilities measured at fair value on a recurring basis at December 31, 2020 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (21,713,986 ) $ - $ (21,713,986 ) | |
Coroware, Inc. and Subsidiaries [Member] | ||
SUMMARY OF ESTIMATED USEFUL LIVES | At least annually, the Company evaluates, and adjusts when necessary, the estimated useful lives. The changes in estimated useful lives did not have a material impact on depreciation in any period. The estimated useful lives are: SUMMARY OF ESTIMATED USEFUL LIVES Computer equipment and software 5 years Filament production equipment 3 years | |
SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE | The following table presents assets and liabilities that are measured and recognized at fair value as of March 31, 2022 and December 31, 2021, on a recurring basis: SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE Assets and liabilities measured at fair value on a recurring basis at March 31, 2022 Level 1 Level 2 Level 3 Total Carrying Value Derivative liabilities $ - $ (12,475,165 ) $ - $ (12,475,165 ) Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 Level 1 Level 2 Level 3 Total Derivative liabilities $ - $ (11,904,070 ) $ - $ (11,904,070 ) |
PROPERTY AND EQUIPMENT, NET (Ta
PROPERTY AND EQUIPMENT, NET (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and equipment, net, consists of the following at December 31, 2021 and December 31, 2020: SCHEDULE OF PROPERTY AND EQUIPMENT December 31, December 31, 2021 2020 Computer equipment and software $ 1,325 $ - Filament production equipment 45,799 - Subtotal 47,124 - Less: accumulated depreciation (2,704 ) - Property and equipment, net $ 44,420 $ - | |
Coroware, Inc. and Subsidiaries [Member] | ||
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and equipment, net, consists of the following at March 31, 2022 and December 31, 2021: SCHEDULE OF PROPERTY AND EQUIPMENT $ 1 $ - March 31, December 31, 2022 2021 Computer equipment and software $ 1,325 $ 1,325 Filament production equipment 45,799 45,799 Subtotal 47,124 47,124 Less: accumulated depreciation (6,534 ) (2,704 ) Property and equipment, net $ 40,590 $ 44,420 |
LICENSES, NET (Tables)
LICENSES, NET (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SCHEDULE OF LICENSE, NET | The license, net, consists of the following at December 31, 2021 and 2020: SCHEDULE OF LICENSE, NET 2021 2020 December 31, December 31, 2021 2020 License acquired from Oxford University Innovation Limited on June 2, 2021 (see Note A) $ 79,256 $ - Accumulated amortization (4,603 ) - License, net $ 74,653 $ - | |
SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE | At December 31, 2021, the expected future amortization of license expense was: SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE Fiscal year ending December 31: 2022 $ 7,926 2023 7,925 2024 7,926 2025 7,925 2026 7,926 Thereafter 35,025 Total $ 74,653 | |
Coroware, Inc. and Subsidiaries [Member] | ||
SCHEDULE OF LICENSE, NET | The licenses, net, consists of the following at March 31, 2022 and December 31, 2021: SCHEDULE OF LICENSE, NET 2022 2021 March 31, December 31, 2022 2021 License acquired from Oxford University Innovation Limited on June 2, 2021 ( see Note A $ 79,256 $ 79,256 License acquired from Ecomena Limited effective February 17, 2022 (see Note A) 91,247 - Subtotal 170,503 79,256 Accumulated amortization (12,508 ) (4,603 ) License, net $ 157,995 $ 74,653 | |
SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE | At March 31, 2022, the expected future amortization of licenses expense was: SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE Fiscal year ending December 31: 2022 (excluding the three months ended March 31, 2022) $ 19,631 2023 26,175 2024 26,176 2025 26,175 2026 26,176 Thereafter 33,622 Total $ 157,955 |
ACCOUNTS PAYABLE AND ACCRUED _2
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES | Accounts payable and accrued expenses consists of the following at December 31, 2021 and 2020: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES December 31, December 31, 2021 2020 Accounts payable $ 1,344,631 $ 1,327,167 Accrued interest 5,422,526 7,012,529 Accrued CEO compensation 874,500 750,000 Accrued payroll 111,368 111,368 Deferred compensation to Chief Technology Officer of Company subsidiary, CoroWare Technologies, Inc. 230,993 230,993 Payroll taxes payable 1,998,735 2,104,551 Commissions payable 221,188 221,188 Accrued consulting fees relating to the Mutual Release and Settlement Agreement dated July 19, 2021 with Y.A. Global Investments, LP (Note H) 350,000 - Accrued dividends on Series B Preferred Stock 15,969 15,969 Credit cards payable - 81,048 Other 71,954 89,561 Total $ 10,641,864 $ 11,944,374 | |
SCHEDULE OF INFORMATION ABOUT LIABILITIES | SCHEDULE OF INFORMATION ABOUT LIABILITIES December 31, 2021 CarbonMeta Technologies, Inc. $ 139,409 CoroWare Technologies, Inc. 1,156,327 CoroWare Robotics Solutions, Inc. 34,353 CoroWare Treasury, Inc. 5,285 AriCon, LLC 9,257 Total $ 1,344,631 | |
Coroware, Inc. and Subsidiaries [Member] | ||
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES | Accounts payable and accrued expenses consists of the following at March 31, 2022 and December 31, 2021: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES March 31, December 31, 2022 2021 Accounts payable $ 1,350,936 $ 1,344,631 Accrued interest 5,635,141 5,422,526 Accrued CEO compensation 762,000 874,500 Accrued payroll 110,335 111,368 Deferred compensation to Chief Technology Officer of Company subsidiary, CoroWare Technologies, Inc. 230,993 230,993 Payroll taxes payable 1,998,735 1,998,735 Commissions payable 221,188 221,188 Accrued consulting fees relating to the Mutual Release and Settlement Agreement dated July 19, 2021 with Y.A. Global Investments, LP (Note H) 50,000 350,000 Accrued dividends on Series B Preferred Stock 15,969 15,969 License fee payable to Ecomena Limited 27,247 - Other 129,325 71,954 Total $ 10,531,869 $ 10,641,864 | |
SCHEDULE OF INFORMATION ABOUT LIABILITIES | SCHEDULE OF INFORMATION ABOUT LIABILITIES December 31, 2021 CarbonMeta Technologies, Inc. $ 150,371 CoroWare Technologies, Inc. 1,156,327 CoroWare Robotics Solutions, Inc. 34,353 Carbon Source, Inc. 628 AriCon, LLC 9,257 Total $ 1,350,936 The payroll taxes payable of $ 1,998,735 221,188 1,400,000 534,457 106,891 |
OBLIGATIONS COLLATERALIZED BY_2
OBLIGATIONS COLLATERALIZED BY RECEIVABLES, NET (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES | Obligations collateralized by receivables consist of: SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES December 31, December 31, 2021 2020 Knight Capital July 16, 2015 arrangement $ - $ 76,317 Quick Fix Capital August 17, 2015 arrangement 48,907 48,907 Power Up January 8, 2016 arrangement 14,232 14,232 Power Up April 12, 2016 arrangement 67,645 67,645 Power Up April 28, 2016 arrangement 29,696 29,696 Power Up June 2, 2016 arrangement 45,756 45,756 Total $ 206,236 $ 282,553 | |
Coroware, Inc. and Subsidiaries [Member] | ||
SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES | Obligations collateralized by receivables consist of: SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES March 31, December 31, 2022 2021 Quick Fix Capital August 17, 2015 arrangement $ 48,907 $ 48,907 Power Up January 8, 2016 arrangement 14,232 14,232 Power Up April 12, 2016 arrangement 67,645 67,645 Power Up April 28, 2016 arrangement 29,696 29,696 Power Up June 2, 2016 arrangement 45,756 45,756 Total $ 206,236 $ 206,236 | |
SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES | Obligations collateralized by receivables consist of: SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES December 31, December 31, 2021 2020 Knight Capital July 16, 2015 arrangement $ - $ 76,317 Quick Fix Capital August 17, 2015 arrangement 48,907 48,907 Power Up January 8, 2016 arrangement 14,232 14,232 Power Up April 12, 2016 arrangement 67,645 67,645 Power Up April 28, 2016 arrangement 29,696 29,696 Power Up June 2, 2016 arrangement 45,756 45,756 Total $ 206,236 $ 282,553 |
CONVERTIBLE DEBT NET (Tables)
CONVERTIBLE DEBT NET (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SCHEDULE OF CONVERTIBLE DEBT, NET | Convertible debt, net, consists of: SCHEDULE OF CONVERTIBLE DEBT, NET Interest Default Conversion Principal Balance at Accrued Interest Balance at December 31, Lender Rate Rate Price 2021 2020 2021 2020 YA Global Investments, LP - loan date February 5, 2016 and due date of April 30, 2016 , in technical default 6.00 % 18.00 % (1) $ - $ 2,715,990 $ - $ 2,298,634 Westmount Holdings International, Ltd - loan date January 12, 2010 due on demand 14.00 % 14.00 % (2) 537,317 537,317 893,044 817,819 Tangiers Investment Group, LLC – loan date March 9, 2013 and due date of March 9, 2014, in technical default 10.00 % 20.00 % (3 ) - - 891 891 Tangiers Investment Group, LLC - loan date November 13, 2013 and due date of November 13, 2014 , in technical default 10.00 % 20.00 % (3) - 17,000 - 22,547 Tangiers Investment Group, LLC – loan date March 27, 2014 and due date of March 27, 2015 , in technical default 10.00 % 20.00 % (3) 75,000 75,000 107,219 92,219 Tangiers Investment Group, LLC – due on demand 0.00 % 15.00 % (3) 47,000 72,000 62,892 61,264 Tangiers Investment Group, LLC – loan date October 11, 2016 and due date of October 20, 2017 , in technical default 0.00 % 20.00 % 0.0001 10,000 10,000 6,663 6,411 Tangiers Investment Group, LLC – loan date January 30, 2017 and due date of January 30, 2018 , in technical default 10.00 % 20.00 % 0.001 30,910 30,910 18,445 21,129 Tangiers Investment Group, LLC – loan date July 19, 2021 and due date of July 19, 2022 10.00 % 20.00 % $ 0.001 105,000 - 4,775 - Tangiers Investment Group, LLC – loan date September 8, 2021 and due date of September 8, 2022 10.00 % 20.00 % $ 0.001 105,000 - 3,279 - Dakota Capital Pty, Ltd – loan date April 8, 2014 and due date of December 31, 2014 , in technical default 14.00 % 14.00 % (4) 200,000 200,000 216,482 188,842 Zoom Marketing – loan date August 23, 2013 and due date of January 23, 2014 5.00 % 10.00 % (9 ) 65,000 65,000 55,819 49,319 Burrington Capital, LLC – loan date April 2, 2014 and due date of October 1, 2014 10.00 % 15.00 % (13 ) 25,000 25,000 52,447 41,721 Patrick Ferro – loan date April 3, 2014 and due date of December 31, 2014 14.00 % 14.00 % (14 ) 26,825 26,825 34,948 31,193 Barry Liben – loan date April 3, 2014 and due date of December 31, 2014 0.00 % 0.00 % (14 ) 52,800 52,800 - - Jared Robert – loan date December 10, 2014 and due date of June 10, 2015 10.00 % 15.00 % (13 ) 20,000 20,000 35,883 28,144 Raphael Cariou – loan date August 3, 2012 and due date of February 3, 2013 , in technical default 10.00 % 15.00 % (5) 7,000 7,000 20,763 16,918 Raphael Cariou – loan date March 12, 2015 and due date of September 12, 2015 , in technical default 24.00 % 29.00 % (5) 82,178 82,178 493,167 349,820 Raphael Cariou - loan date March 12, 2015 and due date of September 12, 2015 , in technical default 24.00 % 29.00 % (5) 94,178 94,178 552,242 391,187 Redwood Management, LLC – loan date of March 21, 2011 and due date of March 18, 2013 , in technical default 14.00 % 14.00 % (2) 123,936 123,936 153,329 135,978 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014 , in technical default 14.00 % 14.00 % (10) 8,640 8,640 101,485 87,176 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10) 42,000 42,000 101,941 83,278 Tim Burgess – loan date of July 8, 2003 and due date of January 8, 2004 , in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 136,914 129,414 Azriel Nagar – loan date of July 8, 2003 and due date of January 8, 2004 , in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 136,914 129,414 Kelburgh, Ltd – loan date of February 12, 2012 and due date of March 22, 2012 , in technical default 10.00 % 15.00 % (9 ) 13,000 13,000 43,311 35,512 Premier IT Solutions – loan date of October 5, 2011 and due date of March 5, 2012 , in technical default 10.00 % 15.00 % (8 ) 21,962 21,962 77,073 63,358 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015 , in technical default 12.00 % 24.00 % (12 ) 32,000 32,000 56,137 48,457 LG Capital Funding, LLC – loan date of January 7, 2015 and due date of January 7, 2016 , in technical default 12.00 % 24.00 % (12 ) 20,625 20,625 32,094 27,144 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015 , in technical default 12.00 % 24.00 % (12 ) 24,000 24,000 42,103 36,343 Barclay Lyons – loan date of January 28, 2011 and due date of July 28, 2011 in technical default 21.00 % 36.00 % (7 ) 10,750 10,750 41,484 37,614 Blackridge Capital, LLC – loan date of April 2, 2011 and due date of July 28, 2011 in technical default 10.00 % 15.00 % (8 ) 6,985 6,985 106,920 94,596 Blackridge Capital, LLC – loan date of February 21, 2014 and due date of September 21, 2014 in technical default 8.00 % 8.00 % (11 ) 5,000 5,000 4,152 3,451 RBB Capital, LLC – loan date of June 2, 2011 and due date of June 1, 2012 in technical default 8.00 % 15.00 % (16 ) - 7,683 - 21,271 RBB Capital, LLC – loan date of June 29, 2011 and due date of June 29, 2012 in technical default 8.00 % 8.00 % (17 ) - 202 - 5,531 Julian Herskowitz – loan date of July 8, 2003 and due date of January 8, 2004 in technical default 8.00 % 15.00 % (18 ) - - 16,287 16,287 Patrick Tuohy – loan date of April 1, 2014 and due date of December 31, 2014 in technical default 14.00 % 14.00 % (13 ) - - 153 153 Richard Wynns – loan date July 22, 2005 and due date of December 31, 2006 , in technical default 5.00 % 5.00 % $ 0.15 7,500 7,500 7,127 6,752 Richard Wynns - loan date July 26, 2010 and due date of December 31, 2011 , in technical default 10.00 % 10.00 % (6) 93,998 93,998 108,072 98,672 Total 1,993,603 4,549,479 3,724,455 5,474,608 Less debt discounts (6,178 ) - - - Net $ 1,987,425 $ 4,549,479 $ 3,724,455 $ 5,474,608 (1) Lesser of (a) $0.0003 or (b) 50% of the lowest closing price during the 20-day trading period prior to conversion . (2) Lesser of (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion . (3) 50% of the lowest closing price during the 20-day trading period prior to conversion. (4) Lesser of (a) $0.02 or (b) 50% of the lowest closing price during the 30-day trading period prior to conversion . (5) 86.9565% of the average prices of the five trading days prior to the conversion date. (6) 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. (7) 50% of the lesser of (i) the closing price on the day prior to conversion, or (ii) the volume-weighted-average closing price of the five-day trading period prior to conversion, though in no instance shall the conversion price be less than $0.0001. (8) Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. (9) 85% of the average of the five trading days prior to the applicable conversion date. (10) 35% of the lowest closing price during the 20-day trading period prior to conversion. (11) 60% of the lowest closing price during the 30-day trading period prior to conversion (12) 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion (13) 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. (14) 50% of the average of the three lowest closing prices during the 30-day trading period prior to conversion, or $0.02, whichever is lower, with the conversion rate being rounded to $0.0001 or whole share. (15) 45% of the lowest closing price during the 20-day trading period prior to, and including the date of, conversion. (16) 50% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (17) 85% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (18) 65% of the lowest closing price during the 7-day trading period prior to conversion | |
Coroware, Inc. and Subsidiaries [Member] | ||
SCHEDULE OF CONVERTIBLE DEBT, NET | Convertible debt, net, consists of: SCHEDULE OF CONVERTIBLE DEBT, NET Principal Balance at Accrued Interest Balance at Lender Interest Rate Default Rate Conversion Price March 31, 2022 December 31, March 31, December 31, Westmount Holdings International, Ltd – loan date January 12, 2010 due on demand 14.00 % 14.00 % (2 ) $ 537,317 $ 537,317 $ 911,592 $ 893,044 Tangiers Investment Group, LLC – loan date March 9, 2013 and due date of March 9, 2014, in technical default 10.00 % 20.00 % (3 ) - - 891 891 Tangiers Investment Group, LLC – loan date March 27, 2014 and due date of March 27, 2015, in technical default 10.00 % 20.00 % (3 ) 75,000 75,000 110,918 107,219 Tangiers Investment Group, LLC – due on demand 0.00 % 15.00 % (3 ) 47,000 47,000 62,892 62,892 Tangiers Investment Group, LLC – loan date October 11, 2016 and due date of October 20, 2017, in technical default 0.00 % 20.00 % 0.0001 10,000 10,000 6,663 6,663 Tangiers Investment Group, LLC – loan date January 30, 2017 and due date of January 30, 2018, in technical default 10.00 % 20.00 % 0.001 30,910 30,910 18,445 18,445 Tangiers Investment Group, LLC – loan date July 19, 2021 and due date of July 19, 2022 10.00 % 20.00 % $ 0.001 105,000 105,000 7,364 4,775 Tangiers Investment Group, LLC – loan date September 8, 2021 and due date of September 8, 2022 10.00 % 20.00 % $ 0.001 105,000 105,000 5,868 3,279 Tangiers Investment Group, LLC – loan date March 21, 2022 and due date of March 21, 2023 12.00 % 16.00 % 0.0002 55,000 - 181 - Lloyd T. Spencer (the Company’s sole officer and director) – loan date March 7, 2022 and due date of March 7, 2023 12.00 % 16.00 % 0.0002 66,000 - 521 - Dakota Capital Pty, Ltd – loan date April 8, 2014 and due date of December 31, 2014, in technical default 14.00 % 14.00 % (4 ) 200,000 200,000 223,386 216,482 Zoom Marketing – loan date August 23, 2013 and due date of January 23, 2014, in technical default 5.00 % 10.00 % (9 ) 65,000 65,000 57,241 55,819 Burrington 10.00 % 15.00 % (13 ) 25,000 25,000 55,347 52,447 Patrick Ferro – loan date April 3, 2014 and due date of December 31, 2014, in technical default 14.00 % 14.00 % (14 ) 26,825 26,825 35,874 34,948 Barry Liben – loan date April 3, 2014 and due date of December 31, 2014, in technical default 0.00 % 0.00 % (14 ) 52,800 52,800 - - Jared Robert – loan date December 10, 2014 and due date of June 10, 2015, in technical default 10.00 % 15.00 % (13 ) 20,000 20,000 37,976 35,883 Raphael Cariou – loan date August 3, 2012 and due date of February 3, 2013, in technical default 10.00 % 15.00 % (5 ) 7,000 7,000 21,803 20,763 Raphael Cariou – loan date March 12, 2015 and due date of September 12, 2015, in technical default 24.00 % 29.00 % (5 ) 82,178 82,178 535,296 493,167 Raphael Cariou - loan date March 12, 2015 and due date of September 12, 2015, in technical default 24.00 % 29.00 % (5 ) 94,178 94,178 599,574 552,242 Redwood Management, LLC – loan date of March 21, 2011 and due date of March 18, 2013, in technical default 14.00 % 14.00 % (2 ) 123,936 123,936 157,608 153,329 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10 ) 8,640 8,640 105,330 101,485 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10 ) 42,000 42,000 106,967 101,941 Tim Burgess – loan date of July 8, 2003 and due date of January 8, 2004, in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 138,763 136,914 Azriel Nagar – loan date of July 8, 2003 and due date of January 8, 2004, in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 138,763 136,914 Kelburgh, Ltd – loan date of February 12, 2012 and due date of March 22, 2012, in technical default 10.00 % 15.00 % (9 ) 13,000 13,000 45,419 43,311 Premier IT Solutions – loan date of October 5, 2011 and due date of March 5, 2012, in technical default 10.00 % 15.00 % (8 ) 21,962 21,962 80,782 77,073 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015, in technical default 12.00 % 24.00 % (12 ) 32,000 32,000 58,031 56,137 LG Capital Funding, LLC – loan date of January 7, 2015 and due date of January 7, 2016, in technical default 12.00 % 24.00 % (12 ) 20,625 20,625 33,314 32,094 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015, in technical default 12.00 % 24.00 % (12 ) 24,000 24,000 43,524 42,103 Barclay Lyons – loan date of January 28, 2011 and due date of July 28, 2011 in technical default 21.00 % 36.00 % (7 ) 10,750 10,750 42,438 41,484 Blackridge Capital, LLC – loan date of April 2, 2011 and due date of July 28, 2011 in technical default 10.00 % 15.00 % (8 ) 6,985 6,985 111,185 106,920 Blackridge Capital, LLC – loan date of February 21, 2014 and due date of September 21, 2014 in technical default 8.00 % 8.00 % (11 ) 5,000 5,000 4,334 4,152 Julian Herskowitz – loan date of July 8, 2003 and due date of January 8, 2004 in technical default 8.00 % 15.00 % (18 ) - - 16,287 16,287 Patrick Tuohy – loan date of April 1, 2014 and due date of December 31, 2014 in technical default 14.00 % 14.00 % (13 ) - - 153 153 Richard Wynns – loan date July 22, 2005 and due date of December 31, 2006, in technical default 5.00 % 5.00 % $ 0.15 7,500 7,500 7,219 7,127 Richard Wynns - loan date July 26, 2010 and due date of December 31, 2011, in technical default 10.00 % 10.00 % (6 ) 93,997 93,997 110,422 108,072 Total 2,114,603 1,993,603 3,892,551 3,724,455 Less debt discounts (118,865 ) (6,178 ) - - Net $ 1,995,738 $ 1,987,425 $ 3,892,551 $ 3,724,455 (1) n/a (2) Lesser of (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion. (3) 50% of the lowest closing price during the 20-day trading period prior to conversion. (4) Lesser of (a) $0.02 or (b) 50% of the lowest closing price during the 30-day trading period prior to conversion. (5) 86.9565% of the average prices of the five trading days prior to the conversion date. (6) 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. (7) 50% of the lesser of (i) the closing price on the day prior to conversion, or (ii) the volume-weighted-average closing price of the five-day trading period prior to conversion, though in no instance shall the conversion price be less than $0.0001. (8) Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. (9) 85% of the average of the five trading days prior to the applicable conversion date. (10) 35% of the lowest closing price during the 20-day trading period prior to conversion. (11) 60% of the lowest closing price during the 30-day trading period prior to conversion (12) 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion (13) 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. (14) 50% of the average of the three lowest closing prices during the 30-day trading period prior to conversion, or $0.02, whichever is lower, with the conversion rate being rounded to $0.0001 or whole share. (15) 45% of the lowest closing price during the 20-day trading period prior to, and including the date of, conversion. (16) 50% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (17) 85% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (18) 65% of the lowest closing price during the 7-day trading period prior to conversion |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Short-Term Debt [Line Items] | ||
SCHEDULE OF NOTES PAYABLE | Notes payable consist of: SCHEDULE OF NOTES PAYABLE Principal Balance Accrued Interest Balance December 31, December 31, Description (i) 2021 2020 2021 2020 $ 45,000 $ $ 106,155 $ 98,055 Gary Sumner June 29, 2017 5% 18% March 31, 2018 $ 45,000 $ 45,000 $ 106,155 $ 98,055 LTC International Corp July 3, 2018 20.8% 41.6% December 17, 2018 4,732 4,732 28,739 26,770 Richard Wynns July 27, 2010 18% 21% January 23, 2011 25,000 25,000 240,877 190,908 William Rittman May 10, 2016 16% August 29, 2016 3,000 11,250 - 8,545 Barclay Lyons March 15, 2011 18.99% 28.99% March 25, 2011 15,000 15,000 46,922 42,574 John Kroon March 17, 2010 18% 21% September 13, 2010 10,000 10,000 104,704 83,146 Walter Jay Bell October 18, 2013 10% November 29, 2013 10,000 10,000 8,257 7,246 Walter Jay Bell April 24, 2016 10% June 30, 2016 8,641 8,641 2,483 2,046 George Ferch March 29, 2011 0% 21% June 27, 2011 5,000 5,000 39,572 31,195 Blackridge, LLC April 11, 2012 5% 5% May 25, 2012 1,500 1,500 952 877 Total $ 127,873 $ 136,123 $ 578,661 $ 491,362 (i) Unless otherwise noted, interest is simple interest. | |
Coroware, Inc. and Subsidiaries [Member] | ||
Short-Term Debt [Line Items] | ||
SCHEDULE OF NOTES PAYABLE | Notes payable consist of: SCHEDULE OF NOTES PAYABLE Principal Balance Accrued Interest Balance Description (i) March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Gary Sumner June 29, 2017 5 18 March 31, 2018 $ 45,000 $ 45,000 $ 108,153 $ 106,155 LTC International Corp July 3, 2018 20.8 41.6 December 17, 2018 4,732 4,732 29,224 28,739 Richard Wynns July 27, 2010 18 21 January 23, 2011 25,000 25,000 253,286 240,877 William Rittman May 10, 2016 16 August 29, 2016 - 3,000 - - Barclay Lyons March 15, 2011 18.99 28.99 March 25, 2011 15,000 15,000 47,995 46,922 John Kroon March 17, 2010 18 21 September 13, 2010 10,000 10,000 110,057 104,704 Walter Jay Bell October 18, 2013 10 November 29, 2013 10,000 10,000 8,504 8,257 Walter Jay Bell April 24, 2016 10 June 30, 2016 8,641 8,641 2,589 2,483 George Ferch March 29, 2011 0 21 June 27, 2011 5,000 5,000 41,653 39,572 Blackridge, LLC April 11, 2012 5 5 May 25, 2012 1,500 1,500 971 952 Total $ 124,873 $ 127,873 $ 602,432 $ 578,661 (i) Unless otherwise noted, interest is simple interest. |
DERIVATIVE LIABILITY (Tables)
DERIVATIVE LIABILITY (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
SUMMARY OF DERIVATIVE LIABILITIES | At origination and subsequent revaluations, the Company valued the derivative liabilities using the Black-Scholes options pricing model under the following assumptions as of December 31, 2021 and 2020: SUMMARY OF DERIVATIVE LIABILITIES December 31, 2020 Risk-free interest rate 0.73 % 0.13 0.36 % Expected options life 1 2 1 3 Expected dividend yield - - Expected price volatility 341 % 693 % | |
Coroware, Inc. and Subsidiaries [Member] | ||
SUMMARY OF DERIVATIVE LIABILITIES | At origination and subsequent revaluations, the Company valued the derivative liabilities using the Black-Scholes options pricing model under the following assumptions as of March 31, 2022 and December 31, 2021: SUMMARY OF DERIVATIVE LIABILITIES March 31, 2022 December 31, 2021 Risk-free interest rate 2.12 2.37 % 0.73 % Expected options life 1.75 2.48 1 3 Expected dividend yield - - Expected price volatility 362.89 335.27 % 693.00 % |
STOCK OPTIONS AND WARRANTS (Tab
STOCK OPTIONS AND WARRANTS (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Coroware, Inc. and Subsidiaries [Member] | |
SCHEDULE OF WARRANTS/OPTIONS ISSUED | At March 31, 2022, the Company has outstanding a total of 290,000,000 SCHEDULE OF WARRANTS/OPTIONS ISSUED Name Date of Issuance Shares upon Exercise Expiration Lloyd Spencer (i) March 7, 2022 165,000,000 $ 0.0002 March 7, 2027 Tangiers Investment Group, LLC (ii) March 21, 2022 125,000,000 0.0004 March 21, 2027 (i) On March 7, 2022, the Company issued Lloyd Spencer (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the amount of $ 66,000 1 ) year (Maturity date of March 7, 2023 ) and bears interest at 12 % annually. The Note is convertible, in whole or in part, at any time and from time to time before maturity at the option of the Holder at the Fixed Conversion Price of $ 0.0002 per share. of principal and $ 521 of accrued interest remaining on this note. In connection with this note, the Holder was issued warrants to purchase 165,000,000 shares of the Company’s Common Stock at $ 0.0002 per share . (ii) On March 21, 2022, the Company issued Tangiers Investment Group, LLC (the “Holder”) a Fixed Convertible Promissory Note (the “Note”) in the amount of $ 55,000 . The Note has a term of one ( 1 ) year (Maturity date of March 21, 2023 ) and bears interest at 12 % annually. The Note is convertible, in whole or in part, at any time and from time to time before maturity at the option of the Holder at the Fixed Conversion Price of $ 0.0002 per share . Upon the event of default, the Note shall accrue interest at the rate equal to the lower of 16 % per annum or the highest rate permitted by law. The transaction closed on March 21, 2022. As of March 31, 2022, there is $ 55,000 of principal and $ 181 of accrued interest remaining on this note. In connection with this note, the Holder was issued warrants to purchase 125,000,000 shares of the Company’s Common Stock at $ 0.0004 per share . |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and equipment, net, consists of the following at December 31, 2021 and December 31, 2020: SCHEDULE OF PROPERTY AND EQUIPMENT December 31, December 31, 2021 2020 Computer equipment and software $ 1,325 $ - Filament production equipment 45,799 - Subtotal 47,124 - Less: accumulated depreciation (2,704 ) - Property and equipment, net $ 44,420 $ - |
LICENSE, NET (Tables)
LICENSE, NET (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
SCHEDULE OF LICENSE, NET | The license, net, consists of the following at December 31, 2021 and 2020: SCHEDULE OF LICENSE, NET 2021 2020 December 31, December 31, 2021 2020 License acquired from Oxford University Innovation Limited on June 2, 2021 (see Note A) $ 79,256 $ - Accumulated amortization (4,603 ) - License, net $ 74,653 $ - |
SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE | At December 31, 2021, the expected future amortization of license expense was: SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE Fiscal year ending December 31: 2022 $ 7,926 2023 7,925 2024 7,926 2025 7,925 2026 7,926 Thereafter 35,025 Total $ 74,653 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
SCHEDULE OF DEFERRED TAX ASSETS | The sources of the differences follow: SCHEDULE OF DEFERRED TAX ASSETS 2021 2020 December 31, 2021 2020 Loss carryforwards $ 5,381,301 $ 5,057,697 Valuation (5,381,301 ) (5,057,697 ) Net deferred tax assets $ - $ - |
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) | SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) 2021 2020 For the years ended December 31, 2021 2020 Expected income tax (benefit) at 21 $ 1,736,479 $ (2,463,246 ) Non-deductible (non-taxable) loss (gain) from derivative liability (2,060,082 ) 2,184,395 Change in valuation allowance 323,603 278,851 Provision for income taxes $ - $ - |
ORGANIZATION (Details Narrative
ORGANIZATION (Details Narrative) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||
Dec. 02, 2021 | Oct. 31, 2021 USD ($) | Jun. 02, 2021 USD ($) | Jun. 02, 2021 GBP (£) | Feb. 17, 2022 GBP (£) shares | Mar. 31, 2022 USD ($) | Mar. 31, 2021 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Professional fees | $ | $ 88,767 | ||||||||
Royalty rate | 5% | 5% | |||||||
Debt Instrument, Fee | 20,000 | ||||||||
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture | shares | 160,000,000 | ||||||||
[custom:RoyaltyRatePayablePercentage-0] | 5% | ||||||||
License Of Agreement [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Debt Instrument, Fee | 20,000 | 27,247 | |||||||
License One [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Royalty Expense | £ 5,000 | ||||||||
License Two [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Royalty Expense | 3,000 | ||||||||
License Three [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Royalty Expense | £ 1,000 | ||||||||
License Agreement Terms [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Professional fees | $ | $ 55,713 | $ 79,256 | |||||||
Long-Term Purchase Commitment, Amount | £ 20,000 | ||||||||
License Agreement Terms [Member] | Patents [Member] | Americas [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Finite-Lived Intangible Assets, Translation and Purchase Accounting Adjustments | 10,000 | ||||||||
License Agreement Terms [Member] | Patents [Member] | European Union [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Finite-Lived Intangible Assets, Translation and Purchase Accounting Adjustments | 10,000 | ||||||||
License Agreement Terms [Member] | License [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Revenues | 50,000 | ||||||||
License Agreement Terms [Member] | License [Member] | Maximum [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Revenues | £ 1,000,000 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Professional fees | $ | $ 44,056 | ||||||||
Royalty rate | 5% | 5% | |||||||
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture | shares | 160,000,000 | ||||||||
[custom:RoyaltyRatePayablePercentage-0] | 5% | ||||||||
Coroware, Inc. and Subsidiaries [Member] | License Of Agreement [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Debt Instrument, Fee | 20,000 | 27,247 | |||||||
Coroware, Inc. and Subsidiaries [Member] | License One [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Royalty Expense | £ 5,000 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | License Two [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Royalty Expense | 3,000 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | License Three [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Royalty Expense | £ 1,000 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | License Agreement Terms [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Professional fees | £ 54,807 | ||||||||
Long-Term Purchase Commitment, Amount | 20,000 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | License Agreement Terms [Member] | Patents [Member] | Americas [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Finite-Lived Intangible Assets, Translation and Purchase Accounting Adjustments | 10,000 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | License Agreement Terms [Member] | Patents [Member] | European Union [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Finite-Lived Intangible Assets, Translation and Purchase Accounting Adjustments | 10,000 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | License Agreement Terms [Member] | License [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Revenues | 50,000 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | License Agreement Terms [Member] | License [Member] | Maximum [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Revenues | £ 1,000,000 | ||||||||
CoroWare Technologies, Inc. [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Ownership percentage | 51% |
SUMMARY OF ESTIMATED USEFUL LIV
SUMMARY OF ESTIMATED USEFUL LIVES (Details) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Furniture and Fixtures [Member] | Minimum [Member] | Coroware, Inc. and Subsidiaries [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 5 years | |
Computer Equipment [Member] | Minimum [Member] | Coroware, Inc. and Subsidiaries [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 3 years | |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Estimated Useful Lives | 5 years | |
Filament Production Equipment [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 3 years |
SUMMARY OF ASSETS AND LIABILITI
SUMMARY OF ASSETS AND LIABILITIES THAT ARE MEASURED AND RECOGNIZED AT FAIR VALUE (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | |||
Derivative liabilities | $ (11,904,070) | $ (21,713,986) | |
Coroware, Inc. and Subsidiaries [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Derivative liabilities | $ (12,475,165) | (11,904,070) | |
Fair Value, Inputs, Level 1 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Derivative liabilities | |||
Fair Value, Inputs, Level 1 [Member] | Coroware, Inc. and Subsidiaries [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Derivative liabilities | |||
Fair Value, Inputs, Level 2 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Derivative liabilities | (11,904,070) | (21,713,986) | |
Fair Value, Inputs, Level 2 [Member] | Coroware, Inc. and Subsidiaries [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Derivative liabilities | (12,475,165) | (11,904,070) | |
Fair Value, Inputs, Level 3 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Derivative liabilities | |||
Fair Value, Inputs, Level 3 [Member] | Coroware, Inc. and Subsidiaries [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Derivative liabilities |
SIGNIFICANT ACCOUNTING POLICI_4
SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 USD ($) shares | Mar. 31, 2021 USD ($) | Dec. 31, 2021 USD ($) Segment shares | Dec. 31, 2020 USD ($) shares | |
Property, Plant and Equipment [Line Items] | ||||
Research and development expense | $ 0 | $ 0 | ||
Conversion of Stock, Shares Converted | shares | 32,963,937,306 | 106,376,994,454 | ||
Cash equivalents | $ 0 | $ 0 | ||
Number of segments | Segment | 1 | |||
Preferred Stock, Dividend Rate, Percentage | 5% | |||
Interest and Dividends Payable, Current | $ 15,969 | 15,969 | ||
Series B Preferred Stock [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Preferred Stock, Dividend Rate, Percentage | 5% | |||
Dividends to preferred stock | $ 119,750 | $ 111,767 | ||
Coroware, Inc. and Subsidiaries [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Research and development expense | $ 4,099 | |||
Conversion of Stock, Shares Converted | shares | 36,345,298,945 | 32,963,937,306 | ||
Accrued dividend | $ 15,969 | $ 15,969 | ||
Coroware, Inc. and Subsidiaries [Member] | Series B Preferred Stock [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
[custom:CumulativeUndeclaredDividends-0] | $ 121,746 | $ 119,750 | ||
Preferred Stock, Dividend Rate, Percentage | 5% | |||
Coroware, Inc. and Subsidiaries [Member] | Furniture and Fixtures [Member] | Minimum [Member] | License [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Estimated useful life | 10 years | |||
Coroware, Inc. and Subsidiaries [Member] | Furniture and Fixtures [Member] | Minimum [Member] | License One [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Estimated useful life | 5 years | |||
ARiCON, LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Ownership percentage | 51% |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 8,268,947 | $ 11,729,741 | ||
Working capital deficit | 26,006,260 | 39,777,577 | ||
Retained Earnings (Accumulated Deficit) | 64,404,388 | $ 72,673,335 | ||
Coroware, Inc. and Subsidiaries [Member] | ||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 1,049,537 | $ 6,022,373 | ||
Working capital deficit | 26,439,659 | 26,006,260 | ||
Retained Earnings (Accumulated Deficit) | $ 65,453,925 | $ 64,404,388 |
SCHEDULE OF PROPERTY AND EQUIPM
SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Computer equipment and software | $ 1,325 | ||
Filament production equipment | 45,799 | ||
Subtotal | 47,124 | ||
Less: accumulated depreciation | (2,704) | ||
Property and equipment, net | 44,420 | ||
Coroware, Inc. and Subsidiaries [Member] | |||
Computer equipment and software | $ 1,325 | 1,325 | |
Filament production equipment | 45,799 | 45,799 | |
Subtotal | 47,124 | 47,124 | |
Less: accumulated depreciation | (6,534) | (2,704) | |
Property and equipment, net | $ 40,590 | $ 44,420 |
PROPERTY AND EQUIPMENT, NET (De
PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Depreciation | $ 2,704 | $ 0 | ||
Coroware, Inc. and Subsidiaries [Member] | ||||
Depreciation | $ 3,830 | $ 0 |
SCHEDULE OF LICENSE, NET (Detai
SCHEDULE OF LICENSE, NET (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
License acquired from Oxford University Innovation Limited on June 2, 2021 (see Note A) | $ 79,256 | ||
Accumulated amortization | (4,603) | ||
License, net | 74,653 | ||
Coroware, Inc. and Subsidiaries [Member] | |||
Subtotal | $ 170,503 | 79,256 | |
Accumulated amortization | (12,508) | (4,603) | |
License, net | 157,995 | 74,653 | |
Coroware, Inc. and Subsidiaries [Member] | License One [Member] | |||
License acquired from Oxford University Innovation Limited on June 2, 2021 (see Note A) | 79,256 | 79,256 | |
Coroware, Inc. and Subsidiaries [Member] | License Two [Member] | |||
License acquired from Oxford University Innovation Limited on June 2, 2021 (see Note A) | $ 91,247 |
SCHEDULE OF FUTURE AMORTIZATION
SCHEDULE OF FUTURE AMORTIZATION OF LICENSE EXPENSE (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
2022 | $ 7,926 | ||
2023 | 7,925 | ||
2024 | 7,926 | ||
2025 | 7,925 | ||
2026 | 7,926 | ||
Thereafter | 35,025 | ||
License, net | 74,653 | ||
Coroware, Inc. and Subsidiaries [Member] | |||
2022 (excluding the three months ended March 31, 2022) | $ 19,631 | ||
2022 | 26,175 | ||
2023 | 26,176 | ||
2024 | 26,175 | ||
2025 | 26,176 | ||
Thereafter | 33,622 | ||
Total | 157,955 | ||
License, net | $ 157,995 | $ 74,653 |
LICENSES, NET (Details Narrativ
LICENSES, NET (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Amortization of license | $ 4,603 | |||
Coroware, Inc. and Subsidiaries [Member] | ||||
Amortization of license | $ 7,904 | |||
Common Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Amortization of license | $ 7,904 |
SCHEDULE OF ACCOUNTS PAYABLE AN
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Accounts payable | $ 1,344,631 | $ 1,327,167 | |
Accrued CEO compensation | 874,500 | 750,000 | |
Deferred compensation to Chief Technology Officer of Company subsidiary, CoroWare Technologies, Inc. | 230,993 | 230,993 | |
Payroll taxes payable | 1,998,735 | 2,104,551 | |
Commissions payable | 221,188 | 221,188 | |
Accrued consulting fees relating to the Mutual Release and Settlement Agreement dated July 19, 2021 with Y.A. Global Investments, LP (Note H) | 350,000 | ||
Accrued dividends on Series B Preferred Stock | 15,969 | 15,969 | |
Other | 71,954 | 89,561 | |
Total | 10,641,864 | 11,944,374 | |
Accrued interest | 5,422,526 | 7,012,529 | |
Accrued payroll | 111,368 | 111,368 | |
Credit cards payable | $ 81,048 | ||
Coroware, Inc. and Subsidiaries [Member] | |||
Accounts payable | $ 1,350,936 | 1,344,631 | |
Accrued interest | 5,635,141 | 5,422,526 | |
Accrued CEO compensation | 762,000 | 874,500 | |
Accrued payroll | 110,335 | 111,368 | |
Deferred compensation to Chief Technology Officer of Company subsidiary, CoroWare Technologies, Inc. | 230,993 | 230,993 | |
Payroll taxes payable | 1,998,735 | 1,998,735 | |
Commissions payable | 221,188 | 221,188 | |
Accrued consulting fees relating to the Mutual Release and Settlement Agreement dated July 19, 2021 with Y.A. Global Investments, LP (Note H) | 50,000 | 350,000 | |
Accrued dividends on Series B Preferred Stock | 15,969 | 15,969 | |
License fee payable to Ecomena Limited | 27,247 | ||
Other | 129,325 | 71,954 | |
Total | $ 10,531,869 | $ 10,641,864 |
SCHEDULE OF INFORMATION ABOUT L
SCHEDULE OF INFORMATION ABOUT LIABILITIES (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Total | $ 1,344,631 | $ 1,327,167 | |
CarbonMeta Technologies Inc [Member] | |||
Total | 139,409 | ||
CoroWare Technologies, Inc. [Member] | |||
Total | 1,156,327 | ||
CoroWare Robotics Solutions, Inc. [Member] | |||
Total | 34,353 | ||
ARiCON, LLC [Member] | |||
Total | 9,257 | ||
CoroWare Treasury, Inc. [Member] | |||
Total | 5,285 | ||
Coroware, Inc. and Subsidiaries [Member] | |||
Total | $ 1,350,936 | $ 1,344,631 | |
Coroware, Inc. and Subsidiaries [Member] | CarbonMeta Technologies Inc [Member] | |||
Total | 150,371 | ||
Coroware, Inc. and Subsidiaries [Member] | CoroWare Technologies, Inc. [Member] | |||
Total | 1,156,327 | ||
Coroware, Inc. and Subsidiaries [Member] | CoroWare Robotics Solutions, Inc. [Member] | |||
Total | 34,353 | ||
Coroware, Inc. and Subsidiaries [Member] | Carbon Source Inc [Member] | |||
Total | 628 | ||
Coroware, Inc. and Subsidiaries [Member] | ARiCON, LLC [Member] | |||
Total | $ 9,257 |
ACCOUNTS PAYABLE AND ACCRUED _3
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details Narrative) - USD ($) | 1 Months Ended | |||
Oct. 28, 2021 | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accounts payable | $ 1,344,631 | $ 1,327,167 | ||
Payroll taxes payable | 1,998,735 | 2,104,551 | ||
Commissions payable | 221,188 | 221,188 | ||
Amount offered for trust fund | $ 1,400,000 | |||
Liability | 534,457 | 26,046,833 | $ 39,777,577 | |
Payments on internal revenue service | 106,891 | |||
Coroware, Inc. and Subsidiaries [Member] | ||||
Accounts payable | $ 1,350,936 | 1,344,631 | ||
Payroll taxes payable | 1,998,735 | 1,998,735 | ||
Commissions payable | 221,188 | 221,188 | ||
Amount offered for trust fund | 1,400,000 | |||
Liability | 534,457 | $ 26,513,246 | $ 26,046,833 | |
Payments on internal revenue service | $ 106,891 |
SCHEDULE OF OBLIGATIONS COLLATE
SCHEDULE OF OBLIGATIONS COLLATERALIZED BY RECEIVABLES (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Short-Term Debt [Line Items] | |||
Total | $ 206,236 | $ 295,811 | |
Total | 206,236 | 282,553 | |
Quick Fix Capital Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 48,907 | 48,907 | |
Power Up Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 14,232 | 14,232 | |
Power Up One Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 67,645 | 67,645 | |
Power Up Two Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 29,696 | 29,696 | |
Power Up Three Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 45,756 | 45,756 | |
Knight Capital Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 76,317 | ||
Coroware, Inc. and Subsidiaries [Member] | |||
Short-Term Debt [Line Items] | |||
Total | $ 206,236 | 206,236 | 282,553 |
Coroware, Inc. and Subsidiaries [Member] | Quick Fix Capital Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 48,907 | 48,907 | 48,907 |
Coroware, Inc. and Subsidiaries [Member] | Power Up Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 14,232 | 14,232 | 14,232 |
Coroware, Inc. and Subsidiaries [Member] | Power Up One Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 67,645 | 67,645 | 67,645 |
Coroware, Inc. and Subsidiaries [Member] | Power Up Two Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | 29,696 | 29,696 | 29,696 |
Coroware, Inc. and Subsidiaries [Member] | Power Up Three Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | $ 45,756 | 45,756 | 45,756 |
Coroware, Inc. and Subsidiaries [Member] | Knight Capital Arrangement [Member] | |||
Short-Term Debt [Line Items] | |||
Total | $ 76,317 |
OBLIGATIONS COLLATERALIZED BY_3
OBLIGATIONS COLLATERALIZED BY RECEIVABLES, NET (Details Narrative) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Short-Term Debt [Line Items] | |||
Ending principal balance | $ 127,873 | $ 136,123 | |
Coroware, Inc. and Subsidiaries [Member] | |||
Short-Term Debt [Line Items] | |||
Ending principal balance | $ 124,873 | $ 127,873 | |
PowerUp Lending Group, Ltd 3 [Member] | Coroware, Inc. and Subsidiaries [Member] | |||
Short-Term Debt [Line Items] | |||
Ending principal balance | $ 45,756 |
SCHEDULE OF CONVERTIBLE DEBT, N
SCHEDULE OF CONVERTIBLE DEBT, NET (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||
Aug. 08, 2021 | Oct. 11, 2016 | Feb. 05, 2016 | Mar. 12, 2015 | Jan. 07, 2015 | Dec. 10, 2014 | Apr. 08, 2014 | Apr. 03, 2014 | Apr. 02, 2014 | Mar. 27, 2014 | Mar. 11, 2014 | Feb. 21, 2014 | Nov. 13, 2013 | Aug. 03, 2012 | Feb. 12, 2012 | Oct. 05, 2011 | Jun. 29, 2011 | Jun. 02, 2011 | Apr. 02, 2011 | Mar. 21, 2011 | Jan. 28, 2011 | Jul. 26, 2010 | Jul. 22, 2005 | Jul. 08, 2003 | Jul. 19, 2021 | Jan. 30, 2017 | Aug. 23, 2013 | Mar. 25, 2013 | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2022 | Mar. 21, 2022 | Mar. 07, 2022 | Mar. 31, 2021 | |
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 3,724,455 | $ 5,474,608 | |||||||||||||||||||||||||||||||||
Total, Principal Balance | 1,993,603 | 4,549,479 | |||||||||||||||||||||||||||||||||
Less debt discounts, Principal Balance | (6,178) | 0 | |||||||||||||||||||||||||||||||||
Less debt discounts, Accrued Interest Balance | |||||||||||||||||||||||||||||||||||
Net, Principal Balance | 1,987,425 | 4,549,479 | |||||||||||||||||||||||||||||||||
Net, Accrued Interest Balance | 3,724,455 | 5,474,608 | |||||||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Subtotal | $ 55,000 | $ 66,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 3,892,551 | 3,724,455 | |||||||||||||||||||||||||||||||||
Total, Principal Balance | 2,114,603 | $ 1,993,603 | |||||||||||||||||||||||||||||||||
Less debt discounts, Principal Balance | (118,865) | (6,178) | |||||||||||||||||||||||||||||||||
Less debt discounts, Accrued Interest Balance | |||||||||||||||||||||||||||||||||||
Net, Principal Balance | 1,995,738 | 1,987,425 | |||||||||||||||||||||||||||||||||
Net, Accrued Interest Balance | $ 3,892,551 | $ 3,724,455 | |||||||||||||||||||||||||||||||||
Westmount Holdings International, Ltd [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 537,317 | 537,317 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 893,044 | 817,819 | |||||||||||||||||||||||||||||||||
Westmount Holdings International, Ltd [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 537,317 | 537,317 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 911,592 | $ 893,044 | |||||||||||||||||||||||||||||||||
Tangiers Investment Group LLC [Member] | Loan Date March 9, 2013 and Due Date March 9, 2014 [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | |||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 891 | 891 | |||||||||||||||||||||||||||||||||
Tangiers Investment Group LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 75,000 | 75,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 110,918 | 107,219 | |||||||||||||||||||||||||||||||||
Tangiers Investment Group LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | Loan Date March 9, 2013 and Due Date March 9, 2014 [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | |||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 891 | 891 | |||||||||||||||||||||||||||||||||
Tangiers Investment Group LLC One [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 0% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 47,000 | 47,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 62,892 | 62,892 | |||||||||||||||||||||||||||||||||
Tangiers Investment Group LLC Two [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 0% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 10,000 | 10,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 6,663 | 6,663 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 0.0001 | ||||||||||||||||||||||||||||||||||
Tangiers Investment Group LLC Four [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 30,910 | 30,910 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 18,445 | $ 18,445 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 0.001 | ||||||||||||||||||||||||||||||||||
Tangiers Investment Group Four [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Tangiers Investment Group, LLC [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 105,000 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 4,775 | ||||||||||||||||||||||||||||||||||
Conversion Price | $ 0.001 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 08, 2022 | Jul. 19, 2022 | |||||||||||||||||||||||||||||||||
Tangiers Investment Group, LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 105,000 | $ 105,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 7,364 | $ 4,775 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 0.001 | ||||||||||||||||||||||||||||||||||
Tangiers Investment Group Five [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 105,000 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 3,279 | ||||||||||||||||||||||||||||||||||
Conversion Price | $ 0.001 | ||||||||||||||||||||||||||||||||||
Tangiers Investment Group Five [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 105,000 | $ 105,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 5,868 | 3,279 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 0.001 | ||||||||||||||||||||||||||||||||||
Tangiers Investment Group LLC Six [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||||||||||||||
Default Rate | 16% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 55,000 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 181 | ||||||||||||||||||||||||||||||||||
Conversion Price | $ 0.000002 | ||||||||||||||||||||||||||||||||||
Lloyd T Spencer [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||||||||||||||
Default Rate | 16% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 66,000 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 521 | ||||||||||||||||||||||||||||||||||
Conversion Price | $ 0.000002 | ||||||||||||||||||||||||||||||||||
Dakota [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 200,000 | 200,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 216,482 | 188,842 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2014 | ||||||||||||||||||||||||||||||||||
Dakota [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 200,000 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 223,386 | $ 216,482 | |||||||||||||||||||||||||||||||||
Zoom Marketing [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 5% | ||||||||||||||||||||||||||||||||||
Default Rate | 10% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 65,000 | 65,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 55,819 | 49,319 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 23, 2014 | ||||||||||||||||||||||||||||||||||
Zoom Marketing [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 5% | ||||||||||||||||||||||||||||||||||
Default Rate | 10% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 65,000 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 57,241 | $ 55,819 | |||||||||||||||||||||||||||||||||
Burrington Capital, LLC [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 25,000 | 25,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 52,447 | 41,721 | |||||||||||||||||||||||||||||||||
Burrington Capital, LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 25,000 | $ 25,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 55,347 | $ 52,447 | |||||||||||||||||||||||||||||||||
PatrickFerroMember | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 26,825 | 26,825 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 34,948 | 31,193 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2014 | ||||||||||||||||||||||||||||||||||
PatrickFerroMember | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 26,825 | 26,825 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 35,874 | $ 34,948 | |||||||||||||||||||||||||||||||||
Barry Liben [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 0% | ||||||||||||||||||||||||||||||||||
Default Rate | 0% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 52,800 | 52,800 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | |||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2014 | ||||||||||||||||||||||||||||||||||
Barry Liben [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 0% | ||||||||||||||||||||||||||||||||||
Default Rate | 0% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 52,800 | 52,800 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | |||||||||||||||||||||||||||||||||||
Jared Robert [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 20,000 | 20,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 35,883 | 28,144 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 10, 2015 | ||||||||||||||||||||||||||||||||||
Jared Robert [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 20,000 | 20,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 37,976 | $ 35,883 | |||||||||||||||||||||||||||||||||
Raphael Cariou [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 7,000 | 7,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 20,763 | 16,918 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Feb. 03, 2013 | ||||||||||||||||||||||||||||||||||
Raphael Cariou [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 7,000 | 7,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 21,803 | $ 20,763 | |||||||||||||||||||||||||||||||||
Raphael Cariou One [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 24% | ||||||||||||||||||||||||||||||||||
Default Rate | 29% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 82,178 | 82,178 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 493,167 | 349,820 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 12, 2015 | ||||||||||||||||||||||||||||||||||
Raphael Cariou One [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 24% | ||||||||||||||||||||||||||||||||||
Default Rate | 29% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 82,178 | 82,178 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 535,296 | $ 493,167 | |||||||||||||||||||||||||||||||||
Raphael Cariou Two [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 24% | ||||||||||||||||||||||||||||||||||
Default Rate | 29% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 94,178 | 94,178 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 552,242 | 391,187 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 12, 2015 | ||||||||||||||||||||||||||||||||||
Raphael Cariou Two [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 24% | ||||||||||||||||||||||||||||||||||
Default Rate | 29% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 94,178 | 94,178 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 599,574 | $ 552,242 | |||||||||||||||||||||||||||||||||
Redwood Management Llc [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 123,936 | 123,936 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 153,329 | 135,978 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 18, 2013 | ||||||||||||||||||||||||||||||||||
Redwood Management Llc [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 123,936 | 123,936 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 157,608 | $ 153,329 | |||||||||||||||||||||||||||||||||
Ags Capital Group Llc [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 8,640 | 8,640 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 101,485 | 87,176 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Feb. 25, 2014 | ||||||||||||||||||||||||||||||||||
Ags Capital Group Llc [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 8,640 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 105,330 | $ 101,485 | |||||||||||||||||||||||||||||||||
Ags Capital Group Llc One [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 42,000 | 42,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 101,941 | 83,278 | |||||||||||||||||||||||||||||||||
Ags Capital Group Llc One [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 42,000 | 42,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 106,967 | $ 101,941 | |||||||||||||||||||||||||||||||||
Tim Burgess [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 50,000 | 50,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 136,914 | 129,414 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 1 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 08, 2004 | ||||||||||||||||||||||||||||||||||
Tim Burgess [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 50,000 | $ 50,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 138,763 | $ 136,914 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 1 | ||||||||||||||||||||||||||||||||||
Azriel Nagar [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 50,000 | 50,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 136,914 | 129,414 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 1 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 08, 2004 | ||||||||||||||||||||||||||||||||||
Azriel Nagar [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 50,000 | $ 50,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 138,763 | $ 136,914 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 1 | ||||||||||||||||||||||||||||||||||
Kelburgh, Ltd [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 13,000 | 13,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 43,311 | 35,512 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 22, 2012 | ||||||||||||||||||||||||||||||||||
Kelburgh, Ltd [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 13,000 | 13,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 45,419 | $ 43,311 | |||||||||||||||||||||||||||||||||
Premier IT Solutions [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 21,962 | 21,962 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 77,073 | 63,358 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 05, 2012 | ||||||||||||||||||||||||||||||||||
Premier IT Solutions [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 21,962 | 21,962 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 80,782 | $ 77,073 | |||||||||||||||||||||||||||||||||
LG Capital Funding LLC [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||||||||||||||
Default Rate | 24% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 32,000 | 32,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 56,137 | 48,457 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 11, 2015 | ||||||||||||||||||||||||||||||||||
LG Capital Funding LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||||||||||||||
Default Rate | 24% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 32,000 | 32,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 58,031 | $ 56,137 | |||||||||||||||||||||||||||||||||
LG Capital Funding LLC One [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||||||||||||||
Default Rate | 24% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 20,625 | 20,625 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 32,094 | 27,144 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 07, 2016 | ||||||||||||||||||||||||||||||||||
LG Capital Funding LLC One [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||||||||||||||
Default Rate | 24% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 20,625 | 20,625 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 33,314 | $ 32,094 | |||||||||||||||||||||||||||||||||
LG Capital Funding LLC Two [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||||||||||||||
Default Rate | 24% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 24,000 | 24,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 42,103 | 36,343 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 11, 2015 | ||||||||||||||||||||||||||||||||||
LG Capital Funding LLC Two [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||||||||||||||
Default Rate | 24% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 24,000 | 24,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 43,524 | $ 42,103 | |||||||||||||||||||||||||||||||||
Barclay Lyons [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 21% | ||||||||||||||||||||||||||||||||||
Default Rate | 36% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 10,750 | 10,750 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 41,484 | 37,614 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jul. 28, 2011 | ||||||||||||||||||||||||||||||||||
Barclay Lyons [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 21% | ||||||||||||||||||||||||||||||||||
Default Rate | 36% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 10,750 | 10,750 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 42,438 | $ 41,484 | |||||||||||||||||||||||||||||||||
Blackridge Capital LLC [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 6,985 | 6,985 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 106,920 | 94,596 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jul. 28, 2011 | ||||||||||||||||||||||||||||||||||
Blackridge Capital LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 6,985 | 6,985 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 111,185 | $ 106,920 | |||||||||||||||||||||||||||||||||
Blackridge Capital LLC One [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 8% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 5,000 | 5,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 4,152 | 3,451 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 21, 2014 | ||||||||||||||||||||||||||||||||||
Blackridge Capital LLC One [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 8% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 5,000 | 5,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 4,334 | $ 4,152 | |||||||||||||||||||||||||||||||||
Julian Herskowitz [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | |||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 16,287 | 16,287 | |||||||||||||||||||||||||||||||||
Julian Herskowitz [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | |||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 16,287 | $ 16,287 | |||||||||||||||||||||||||||||||||
Patrick Tuohy [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | |||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 153 | 153 | |||||||||||||||||||||||||||||||||
Patrick Tuohy [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 14% | ||||||||||||||||||||||||||||||||||
Default Rate | 14% | ||||||||||||||||||||||||||||||||||
Subtotal | |||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 153 | $ 153 | |||||||||||||||||||||||||||||||||
Richard Wynns [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 5% | ||||||||||||||||||||||||||||||||||
Default Rate | 5% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 7,500 | 7,500 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 7,127 | 6,752 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 0.15 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2006 | ||||||||||||||||||||||||||||||||||
Richard Wynns [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 5% | ||||||||||||||||||||||||||||||||||
Default Rate | 5% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 7,500 | 7,500 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 7,219 | $ 7,127 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 0.15 | ||||||||||||||||||||||||||||||||||
Richard Wynns One [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 10% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 93,998 | 93,998 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 108,072 | 98,672 | |||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2011 | ||||||||||||||||||||||||||||||||||
Richard Wynns One [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 10% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 93,997 | 93,997 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 110,422 | $ 108,072 | |||||||||||||||||||||||||||||||||
TA Global [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 6% | ||||||||||||||||||||||||||||||||||
Default Rate | 18% | ||||||||||||||||||||||||||||||||||
Subtotal | 2,715,990 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 2,298,634 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Apr. 30, 2016 | ||||||||||||||||||||||||||||||||||
Tangiers One [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | 17,000 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 22,547 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 27, 2015 | Nov. 13, 2014 | |||||||||||||||||||||||||||||||||
Tangiers assigned from Zoom [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 75,000 | 75,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 107,219 | 92,219 | |||||||||||||||||||||||||||||||||
Tangiers Two [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 0% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 47,000 | 72,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 62,892 | 61,264 | |||||||||||||||||||||||||||||||||
Tangiers Three [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 0% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 10,000 | 10,000 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 6,663 | 6,411 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 0.0001 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Oct. 20, 2017 | ||||||||||||||||||||||||||||||||||
Tangiers Four [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 10% | ||||||||||||||||||||||||||||||||||
Default Rate | 20% | ||||||||||||||||||||||||||||||||||
Subtotal | $ 30,910 | 30,910 | |||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 18,445 | 21,129 | |||||||||||||||||||||||||||||||||
Conversion Price | $ 0.001 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 30, 2018 | ||||||||||||||||||||||||||||||||||
Burlington Capital LLC [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Oct. 01, 2014 | ||||||||||||||||||||||||||||||||||
RBB Capital LLC. [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 15% | ||||||||||||||||||||||||||||||||||
Subtotal | 7,683 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | 21,271 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 01, 2012 | ||||||||||||||||||||||||||||||||||
RBB Capital LLC One [Member] | |||||||||||||||||||||||||||||||||||
ConvertibleDebtLineItems [Line Items] | |||||||||||||||||||||||||||||||||||
Interest Rate | 8% | ||||||||||||||||||||||||||||||||||
Default Rate | 8% | ||||||||||||||||||||||||||||||||||
Subtotal | 202 | ||||||||||||||||||||||||||||||||||
Total, Accrued Interest Balance | $ 5,531 | ||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 29, 2012 |
SCHEDULE OF CONVERTIBLE DEBT,_2
SCHEDULE OF CONVERTIBLE DEBT, NET (Details) (Parenthetical) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
Aug. 08, 2021 | Oct. 11, 2016 | Feb. 05, 2016 | Mar. 12, 2015 | Jan. 07, 2015 | Dec. 10, 2014 | Apr. 08, 2014 | Apr. 03, 2014 | Mar. 27, 2014 | Mar. 11, 2014 | Feb. 21, 2014 | Nov. 13, 2013 | Aug. 03, 2012 | Feb. 12, 2012 | Oct. 05, 2011 | Jun. 29, 2011 | Jun. 02, 2011 | Apr. 02, 2011 | Mar. 21, 2011 | Jan. 28, 2011 | Jul. 26, 2010 | Jul. 22, 2005 | Jul. 08, 2003 | Jul. 19, 2021 | Jan. 30, 2017 | Mar. 25, 2013 | Mar. 31, 2022 | Dec. 31, 2021 | |
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 45% of the lowest closing price during the 20-day trading period prior to, and including the date of, conversion. | |||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 45% of the lowest closing price during the 20-day trading period prior to, and including the date of, conversion. | |||||||||||||||||||||||||||
Westmount Holdings International, Ltd [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion. | |||||||||||||||||||||||||||
Tangiers Investment Group LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the lowest closing price during the 20-day trading period prior to conversion. | |||||||||||||||||||||||||||
Dakota [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2014 | |||||||||||||||||||||||||||
Debt instrument, covenant description | (a) $0.02 or (b) 50% of the lowest closing price during the 30-day trading period prior to conversion | |||||||||||||||||||||||||||
Dakota [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | (a) $0.02 or (b) 50% of the lowest closing price during the 30-day trading period prior to conversion. | |||||||||||||||||||||||||||
Raphael Cariou [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Feb. 03, 2013 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 86.9565% of the average prices of the five trading days prior to the conversion date. | |||||||||||||||||||||||||||
Raphael Cariou [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 86.9565% of the average prices of the five trading days prior to the conversion date. | |||||||||||||||||||||||||||
Richard Wynns One [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2011 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. | |||||||||||||||||||||||||||
Richard Wynns One [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. | |||||||||||||||||||||||||||
Barclay Lyons [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jul. 28, 2011 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the lesser of (i) the closing price on the day prior to conversion, or (ii) the volume-weighted-average closing price of the five-day trading period prior to conversion, though in no instance shall the conversion price be less than $0.0001. | |||||||||||||||||||||||||||
Barclay Lyons [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the lesser of (i) the closing price on the day prior to conversion, or (ii) the volume-weighted-average closing price of the five-day trading period prior to conversion, though in no instance shall the conversion price be less than $0.0001. | |||||||||||||||||||||||||||
Blackridge Capital LLC [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jul. 28, 2011 | |||||||||||||||||||||||||||
Debt instrument, covenant description | Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. | |||||||||||||||||||||||||||
Blackridge Capital LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. | |||||||||||||||||||||||||||
Kelburgh, Ltd [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 22, 2012 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 85% of the average of the five trading days prior to the applicable conversion date. | |||||||||||||||||||||||||||
Kelburgh, Ltd [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 85% of the average of the five trading days prior to the applicable conversion date. | |||||||||||||||||||||||||||
Ags Capital Group Llc One [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 35% of the lowest closing price during the 20-day trading period prior to conversion. | |||||||||||||||||||||||||||
Ags Capital Group Llc One [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 35% of the lowest closing price during the 20-day trading period prior to conversion. | |||||||||||||||||||||||||||
Blackridge Capital LLC One [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 21, 2014 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 60% of the lowest closing price during the 30-day trading period prior to conversion | |||||||||||||||||||||||||||
Blackridge Capital LLC One [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 60% of the lowest closing price during the 30-day trading period prior to conversion | |||||||||||||||||||||||||||
LG Capital Funding LLC Two [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 11, 2015 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion | |||||||||||||||||||||||||||
LG Capital Funding LLC Two [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion | |||||||||||||||||||||||||||
Jared Robert [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 10, 2015 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. | |||||||||||||||||||||||||||
Jared Robert [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. | |||||||||||||||||||||||||||
Barry Liben [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2014 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the average of the three lowest closing prices during the 30-day trading period prior to conversion, or $0.02, whichever is lower, with the conversion rate being rounded to $0.0001 or whole share. | |||||||||||||||||||||||||||
Barry Liben [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the average of the three lowest closing prices during the 30-day trading period prior to conversion, or $0.02, whichever is lower, with the conversion rate being rounded to $0.0001 or whole share. | |||||||||||||||||||||||||||
RBB Capital LLC. [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 01, 2012 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. | |||||||||||||||||||||||||||
RBB Capital LLC. [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. | |||||||||||||||||||||||||||
RBB Capital LLC One [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 29, 2012 | |||||||||||||||||||||||||||
Debt instrument, covenant description | 85% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. | |||||||||||||||||||||||||||
RBB Capital LLC One [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 85% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. | |||||||||||||||||||||||||||
Julian Herskowitz [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 65% of the lowest closing price during the 7-day trading period prior to conversion | |||||||||||||||||||||||||||
Julian Herskowitz [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, covenant description | 65% of the lowest closing price during the 7-day trading period prior to conversion | |||||||||||||||||||||||||||
TA Global [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Apr. 30, 2016 | |||||||||||||||||||||||||||
Debt instrument, covenant description | (a) $0.0003 or (b) 50% of the lowest closing price during the 20-day trading period prior to conversion | |||||||||||||||||||||||||||
Tangiers One [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 27, 2015 | Nov. 13, 2014 | ||||||||||||||||||||||||||
Tangiers Three [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Oct. 20, 2017 | |||||||||||||||||||||||||||
Tangiers Four [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 30, 2018 | |||||||||||||||||||||||||||
Tangiers Investment Group, LLC [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 08, 2022 | Jul. 19, 2022 | ||||||||||||||||||||||||||
Debt instrument, covenant description | 50% of the lowest closing price during the 20-day trading period prior to conversion. | |||||||||||||||||||||||||||
PatrickFerroMember | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2014 | |||||||||||||||||||||||||||
Raphael Cariou One [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 12, 2015 | |||||||||||||||||||||||||||
Raphael Cariou Two [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 12, 2015 | |||||||||||||||||||||||||||
Redwood Management Llc [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 18, 2013 | |||||||||||||||||||||||||||
Debt instrument, covenant description | (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion | |||||||||||||||||||||||||||
Ags Capital Group Llc [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Feb. 25, 2014 | |||||||||||||||||||||||||||
Tim Burgess [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 08, 2004 | |||||||||||||||||||||||||||
Azriel Nagar [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 08, 2004 | |||||||||||||||||||||||||||
Premier IT Solutions [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 05, 2012 | |||||||||||||||||||||||||||
LG Capital Funding LLC [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 11, 2015 | |||||||||||||||||||||||||||
LG Capital Funding LLC One [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jan. 07, 2016 | |||||||||||||||||||||||||||
Richard Wynns [Member] | ||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2006 |
CONVERTIBLE DEBT NET (Details N
CONVERTIBLE DEBT NET (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||
Nov. 12, 2021 | Nov. 10, 2021 | Nov. 04, 2021 | Oct. 22, 2021 | Oct. 21, 2021 | Oct. 13, 2021 | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Number of shares issued | 100,000,000 | 100,000,000 | 200,000,000 | 120,000,000 | 200,000,000 | ||||
Number of shares issued value | $ 363,919 | ||||||||
Debt instrument face amount | 979,950 | $ 979,950 | |||||||
Accrued interest | 3,724,455 | 5,474,608 | |||||||
Debt discounts | 6,178 | $ 0 | |||||||
YA Global Investments, L.P. [Member] | Settlement Agreement [Member] | |||||||||
Number of shares issued | 2,225,000,000 | ||||||||
Number of shares issued value | $ 5,192,492 | ||||||||
Debt instrument face amount | 2,715,910 | ||||||||
Accrued interest | $ 2,476,582 | ||||||||
Coroware, Inc. and Subsidiaries [Member] | |||||||||
Convertible notes payable, net | $ 118,865 | 6,178 | |||||||
Debt instrument face amount | 979,950 | 979,950 | |||||||
Accrued interest | 3,892,551 | 3,724,455 | |||||||
Debt discounts | $ 118,865 | $ 6,178 |
SCHEDULE OF NOTES PAYABLE (Deta
SCHEDULE OF NOTES PAYABLE (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Mar. 31, 2022 | Dec. 31, 2020 | |
Short-Term Debt [Line Items] | |||
Principal Balance | $ 127,873 | $ 136,123 | |
Accrued Interest Balance | $ 578,661 | 491,362 | |
Note Payable 1 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Jun. 29, 2017 | ||
Debt compound interest rate | 5% | ||
Accounts Payable, Interest-Bearing, Interest Rate | 18% | ||
Debt Instrument, Maturity Date | Mar. 31, 2018 | ||
Principal Balance | $ 45,000 | 45,000 | |
Accrued Interest Balance | $ 106,155 | 98,055 | |
Note Payable 2 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Jul. 03, 2018 | ||
Debt compound interest rate | 20.80% | ||
Accounts Payable, Interest-Bearing, Interest Rate | 41.60% | ||
Debt Instrument, Maturity Date | Dec. 17, 2018 | ||
Principal Balance | $ 4,732 | 4,732 | |
Accrued Interest Balance | $ 28,739 | 26,770 | |
Note Payable 3 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Jul. 27, 2010 | ||
Debt compound interest rate | 18% | ||
Accounts Payable, Interest-Bearing, Interest Rate | 21% | ||
Debt Instrument, Maturity Date | Jan. 23, 2011 | ||
Principal Balance | $ 25,000 | 25,000 | |
Accrued Interest Balance | $ 240,877 | 190,908 | |
Note Payable 4 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | May 10, 2016 | ||
Debt compound interest rate | 16% | ||
Debt Instrument, Maturity Date | Aug. 29, 2016 | ||
Principal Balance | $ 3,000 | 11,250 | |
Accrued Interest Balance | 8,545 | ||
Note Payable 5 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Mar. 15, 2011 | ||
Debt compound interest rate | 18.99% | ||
Accounts Payable, Interest-Bearing, Interest Rate | 28.99% | ||
Debt Instrument, Maturity Date | Mar. 25, 2011 | ||
Principal Balance | $ 15,000 | 15,000 | |
Accrued Interest Balance | $ 46,922 | 42,574 | |
Note Payable 6 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Mar. 17, 2010 | ||
Debt compound interest rate | 18% | ||
Accounts Payable, Interest-Bearing, Interest Rate | 21% | ||
Debt Instrument, Maturity Date | Sep. 13, 2010 | ||
Principal Balance | $ 10,000 | 10,000 | |
Accrued Interest Balance | $ 104,704 | 83,146 | |
Note Payable 7 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Oct. 18, 2013 | ||
Accounts Payable, Interest-Bearing, Interest Rate | 10% | ||
Debt Instrument, Maturity Date | Nov. 29, 2013 | ||
Principal Balance | $ 10,000 | 10,000 | |
Accrued Interest Balance | $ 8,257 | 7,246 | |
Note Payable 8 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Apr. 24, 2016 | ||
Accounts Payable, Interest-Bearing, Interest Rate | 10% | ||
Debt Instrument, Maturity Date | Jun. 30, 2016 | ||
Principal Balance | $ 8,641 | 8,641 | |
Accrued Interest Balance | $ 2,483 | 2,046 | |
Note Payable 9 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Mar. 29, 2011 | ||
Debt compound interest rate | 21% | ||
Accounts Payable, Interest-Bearing, Interest Rate | 0% | ||
Debt Instrument, Maturity Date | Jun. 27, 2011 | ||
Principal Balance | $ 5,000 | 5,000 | |
Accrued Interest Balance | $ 39,572 | 31,195 | |
Note Payable 10 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Apr. 11, 2012 | ||
Debt compound interest rate | 5% | ||
Accounts Payable, Interest-Bearing, Interest Rate | 5% | ||
Debt Instrument, Maturity Date | May 25, 2012 | ||
Principal Balance | $ 1,500 | ||
Accrued Interest Balance | 952 | $ 877 | |
Coroware, Inc. and Subsidiaries [Member] | Redeemable Preferred Stock Series A [Member] | |||
Short-Term Debt [Line Items] | |||
Principal Balance | 127,873 | $ 124,873 | |
Accrued interest | $ 578,661 | $ 602,432 |
NOTES PAYABLE, RELATED PARTIES
NOTES PAYABLE, RELATED PARTIES (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Notes Payable, Related Parties, Current | $ 199,415 | $ 157,854 | |
Accrued interest related party notes payable | $ 426,110 | $ 390,342 | |
Minimum [Member] | |||
Related Party Transaction, Rate | 10% | ||
Simple interest rate | 10% | ||
Maximum [Member] | |||
Related Party Transaction, Rate | 18% | ||
Simple interest rate | 24% | ||
Coroware, Inc. and Subsidiaries [Member] | |||
Notes Payable, Related Parties, Current | $ 199,415 | $ 199,415 | |
Accrued interest related party notes payable | $ 437,194 | $ 426,110 | |
Coroware, Inc. and Subsidiaries [Member] | Minimum [Member] | |||
Related Party Transaction, Rate | 10% | ||
Simple interest rate | 10% | ||
Coroware, Inc. and Subsidiaries [Member] | Maximum [Member] | |||
Related Party Transaction, Rate | 18% | ||
Simple interest rate | 24% |
SMALL BUSINESS ADMINISTRATION_2
SMALL BUSINESS ADMINISTRATION LOAN (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||
Apr. 17, 2002 | Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Proceeds from small business administration loan | $ 989,100 | $ 4,803 | |||
Interest rate | 4% | ||||
Outstanding balance | 979,950 | 979,950 | |||
Monthly installments of debt | $ 4,813 | ||||
Payment reverting back per month | 500 | ||||
Debt instrument payment reverting | 4,813 | ||||
Accrued interest payable | 693,299 | $ 654,101 | |||
Coroware, Inc. and Subsidiaries [Member] | |||||
Proceeds from small business administration loan | $ 989,100 | $ 1,222 | |||
Interest rate | 4% | ||||
Outstanding balance | 979,950 | 979,950 | |||
Monthly installments of debt | $ 4,813 | ||||
Payment reverting back per month | 500 | ||||
Debt instrument payment reverting | $ 4,813 | ||||
Accrued interest payable | $ 732,497 | $ 693,299 |
SUMMARY OF DERIVATIVE LIABILITI
SUMMARY OF DERIVATIVE LIABILITIES (Details) | Dec. 31, 2022 | Mar. 31, 2022 yr | Dec. 31, 2021 yr | Dec. 31, 2020 yr |
Measurement Input, Risk Free Interest Rate [Member] | ||||
Expected price volatility | 0.73 | |||
Measurement Input, Risk Free Interest Rate [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | 0.73 | |||
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | ||||
Expected price volatility | 0.13 | |||
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | 2.12 | |||
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | ||||
Expected price volatility | 0.36 | |||
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | 2.37 | |||
Measurement Input, Expected Term [Member] | Minimum [Member] | ||||
Expected price volatility | 1 | 1 | ||
Measurement Input, Expected Term [Member] | Minimum [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | 1.75 | 1 | ||
Measurement Input, Expected Term [Member] | Maximum [Member] | ||||
Expected price volatility | 2 | 3 | ||
Measurement Input, Expected Term [Member] | Maximum [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | 2.48 | 3 | ||
Measurement Input, Expected Dividend Rate [Member] | ||||
Expected price volatility | ||||
Measurement Input, Expected Dividend Rate [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | ||||
Measurement Input, Price Volatility [Member] | ||||
Expected price volatility | 341 | 693 | ||
Measurement Input, Price Volatility [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | 6.9300 | |||
Measurement Input, Price Volatility [Member] | Minimum [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | 3.6289 | |||
Measurement Input, Price Volatility [Member] | Maximum [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Expected price volatility | 3.3527 |
DERIVATIVE LIABILITY (Details N
DERIVATIVE LIABILITY (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Loss on derivative liabilities | $ 9,809,916 | $ (10,401,881) | |||
Loss on derivative liabilities | (9,809,916) | 10,401,881 | |||
Derivative liability | 11,904,070 | 21,713,986 | $ 11,312,105 | ||
Gain (loss) from derivative liability | 9,809,916 | (10,401,881) | |||
Gain (loss) from derivative liability | (9,809,916) | 10,401,881 | |||
Coroware, Inc. and Subsidiaries [Member] | |||||
Loss on derivative liabilities | $ (571,095) | $ (5,684,891) | |||
Loss on derivative liabilities | 571,095 | 5,684,891 | |||
Derivative liability | 12,475,165 | 11,904,070 | |||
Gain (loss) from derivative liability | (571,095) | (5,684,891) | |||
Gain (loss) from derivative liability | 571,095 | 5,684,891 | |||
Coroware, Inc. and Subsidiaries [Member] | Black Scholes [Member] | |||||
Loss on derivative liabilities | 571,095 | (5,684,891) | |||
Loss on derivative liabilities | (571,095) | 5,684,891 | |||
Minimum [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||
Derivative liability | $ 11,904,070 | $ 21,713,986 | |||
Maximum [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||
Derivative liability | $ 12,475,165 | $ 27,398,877 |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Class of Stock [Line Items] | ||||
Dividend percentage | 5% | |||
Derivative, Gain (Loss) on Derivative, Net | $ 9,809,916 | $ (10,401,881) | ||
Coroware, Inc. and Subsidiaries [Member] | ||||
Class of Stock [Line Items] | ||||
Derivative, Gain (Loss) on Derivative, Net | $ (571,095) | $ (5,684,891) | ||
Series A Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 125,000 | |||
Dividend percentage | 5% | |||
Sale of Stock, Price Per Share | $ 3,000 | |||
Reverse stock split | November 20, 2006 1 for 10, the April 8, 2009 1 for 300 and the July 12, 2012 1 for 200 reverse stock splits | |||
Liquidation preference | $ 1 | |||
Redeemable period | 5 years | |||
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears | $ 1.30 | |||
Preferred Stock, Shares Outstanding | 0 | 0 | ||
Series A Preferred Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 125,000 | |||
Dividend percentage | 5% | |||
Sale of Stock, Price Per Share | $ 3 | |||
Reverse stock split | November 20, 2006 1 for 10, the April 8, 2009 1 for 300 and the July 12, 2012 1 for 200 reverse stock splits | |||
Liquidation preference | $ 1 | |||
Redeemable period | 5 years | |||
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears | $ 1.30 | |||
Preferred Stock, Shares Issued | 0 | 0 | ||
Preferred Stock, Shares Outstanding | 0 | 0 | ||
Series B Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 525,000 | |||
Dividend percentage | 5% | |||
Sale of Stock, Price Per Share | $ 3,000 | |||
Reverse stock split | November 20, 2006 1 for 10, the April 8, 2009 1 for 300 and the July 12, 2012 1 for 200 reverse stock splits | |||
Liquidation preference | $ 1 | |||
Redeemable period | 5 years | |||
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears | $ 1.30 | |||
Preferred Stock, Shares Outstanding | 159,666 | 159,666 | ||
Derivative Liability | $ 177,743 | $ 425,776 | ||
Derivative, Gain on Derivative | $ 248,033 | $ 212,888 | ||
Series B Preferred Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 525,000 | |||
Dividend percentage | 5% | |||
Sale of Stock, Price Per Share | $ 3,000 | |||
Reverse stock split | November 20, 2006 1 for 10, the April 8, 2009 1 for 300 and the July 12, 2012 1 for 200 reverse stock splits | |||
Liquidation preference | $ 1 | |||
Redeemable period | 5 years | |||
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears | $ 1.30 | |||
Preferred Stock, Shares Issued | 159,666 | 159,666 | ||
Preferred Stock, Shares Outstanding | 159,666 | 159,666 | ||
Derivative Liability | $ 197,177 | $ 177,743 | ||
Derivative, Gain on Derivative | $ 19,434 | 274,254 | ||
Series C Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 500,000 | |||
Sale of Stock, Price Per Share | $ 0.04 | |||
Liquidation preference | $ 1 | |||
Redeemable period | 5 years | |||
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears | $ 0.06 | |||
Preferred Stock, Shares Outstanding | 0 | 0 | ||
Conversion price per share, percentage | 85% | |||
Series C Preferred Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 500,000 | |||
Sale of Stock, Price Per Share | $ 0.04 | |||
Liquidation preference | $ 1 | |||
Redeemable period | 5 years | |||
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears | $ 0.06 | |||
Preferred Stock, Shares Issued | 0 | 0 | ||
Preferred Stock, Shares Outstanding | 0 | 0 | ||
Conversion price per share, percentage | 85% | |||
Series D Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 500,000 | |||
Liquidation preference | $ 1 | |||
Preferred Stock, Shares Outstanding | 100,000 | |||
Derivative Liability | $ 396,956 | $ 200,000 | ||
Conversion price per share, percentage | 85% | |||
Preferred stock, par value per share | $ 0.001 | |||
Preferred stock voting rights | Each share of the Series D Preferred Stock shall have voting rights equal to 100,000 votes of common stock | |||
Derivative, Gain (Loss) on Derivative, Net | $ 196,956 | $ 100,000 | ||
Series D Preferred Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 500,000 | |||
Liquidation preference | $ 1 | |||
Preferred Stock, Shares Issued | 100,000 | 100,000 | ||
Preferred Stock, Shares Outstanding | 100,000 | 100,000 | ||
Derivative Liability | $ 347,095 | $ 396,956 | ||
Conversion price per share, percentage | 85% | |||
Preferred stock, par value per share | $ 0.001 | |||
Preferred stock voting rights | Each share of the Series D Preferred Stock shall have voting rights equal to 100,000 votes of common stock. | |||
Derivative, Gain (Loss) on Derivative, Net | $ 49,861 | 500,000 | ||
Series E Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 1,000,000 | |||
Preferred Stock, Shares Outstanding | 791,567 | 791,567 | ||
Derivative Liability | $ 2,469,349 | $ 1,388,822 | ||
Conversion price per share, percentage | 50% | |||
Preferred stock, par value per share | $ 0.001 | |||
Derivative, Gain (Loss) on Derivative, Net | $ 1,080,527 | $ 622,071 | ||
Series E Preferred Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 1,000,000 | |||
Preferred Stock, Shares Issued | 791,567 | |||
Preferred Stock, Shares Outstanding | 791,567 | |||
Derivative Liability | $ 2,850,963 | $ 2,469,349 | ||
Conversion price per share, percentage | 50% | |||
Preferred stock, par value per share | $ 0.001 | |||
Derivative, Gain (Loss) on Derivative, Net | $ 381,614 | 3,345,459 | ||
Series E Preferred Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | Common Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred Stock, Shares Issued | 791,567 | |||
Preferred Stock, Shares Outstanding | 791,567 | |||
Series F Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 500,000 | |||
Liquidation preference | $ 1 | |||
Preferred Stock, Shares Outstanding | 180,000 | 180,000 | ||
Derivative Liability | $ 754,217 | $ 380,000 | ||
Conversion price per share, percentage | 130% | |||
Preferred stock, par value per share | $ 0.001 | |||
Derivative, Gain (Loss) on Derivative, Net | $ 374,217 | $ 190,000 | ||
Series F Preferred Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 500,000 | |||
Liquidation preference | $ 1 | |||
Preferred Stock, Shares Issued | 180,000 | 180,000 | ||
Preferred Stock, Shares Outstanding | 180,000 | 180,000 | ||
Derivative Liability | $ 659,481 | $ 754,217 | ||
Conversion price per share, percentage | 130% | |||
Preferred stock, par value per share | $ 0.001 | |||
Derivative, Gain (Loss) on Derivative, Net | $ 94,736 | 950,000 | ||
Series G Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 500,000 | |||
Liquidation preference | $ 1 | |||
Preferred Stock, Shares Outstanding | 25,000 | 25,000 | ||
Derivative Liability | $ 99,239 | $ 50,000 | ||
Conversion price per share, percentage | 85% | |||
Preferred stock, par value per share | $ 0.001 | |||
Preferred stock voting rights | voting rights equal to 5,000,000 votes of common stock | |||
Derivative, Gain (Loss) on Derivative, Net | $ 49,239 | $ 25,000 | ||
Series G Preferred Stock [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 500,000 | |||
Liquidation preference | $ 1 | |||
Preferred Stock, Shares Outstanding | 25,000 | 25,000 | ||
Derivative Liability | $ 86,774 | $ 99,239 | ||
Conversion price per share, percentage | 85% | |||
Preferred stock voting rights | voting rights equal to 5,000,000 votes of common stock | |||
Derivative, Gain (Loss) on Derivative, Net | $ 12,465 | $ 125,000 |
COMMON STOCK AND TREASURY STO_2
COMMON STOCK AND TREASURY STOCK (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
Mar. 21, 2022 | Mar. 07, 2022 | Feb. 17, 2022 | Feb. 14, 2022 | Jan. 21, 2022 | Jan. 21, 2022 | Nov. 12, 2021 | Nov. 10, 2021 | Nov. 04, 2021 | Oct. 22, 2021 | Oct. 21, 2021 | Oct. 13, 2021 | Oct. 07, 2021 | Sep. 27, 2021 | Sep. 24, 2021 | Sep. 14, 2021 | Aug. 10, 2021 | Jun. 04, 2021 | May 28, 2021 | May 09, 2021 | Feb. 17, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Common Stock, Shares Authorized | 35,000,000,000 | 35,000,000,000 | |||||||||||||||||||||||||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | |||||||||||||||||||||||||||
Common Stock, Shares, Outstanding | 17,403,876,165 | 13,513,561,065 | |||||||||||||||||||||||||||
Number of shares issued | 100,000,000 | 100,000,000 | 200,000,000 | 120,000,000 | 200,000,000 | ||||||||||||||||||||||||
Value of shares issued compensation | $ 363,919 | ||||||||||||||||||||||||||||
Shares issued for compensation | 160,000,000 | ||||||||||||||||||||||||||||
Shares issued for services, value | $ 7,500,000,000 | ||||||||||||||||||||||||||||
Shares issued of common stock pursuant to conversions of various notes payable and other debts, value | $ 137,500 | $ 137,500 | $ 200,000 | $ 200,000 | $ 25,000 | $ 25,000 | |||||||||||||||||||||||
Shares issued of common stock pursuant to conversions of various notes payable and other debts | 458,333,335 | 458,333,333 | 666,666,666 | 666,666,666 | 250,000,000 | 250,000,000 | |||||||||||||||||||||||
Share issued price per share | $ 0.0005 | $ 0.0005 | $ 0.0005 | $ 0.0005 | $ 0.0005 | ||||||||||||||||||||||||
Note One [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Shares issued of common stock pursuant to conversions of various notes payable and other debts, value | $ 17,000 | ||||||||||||||||||||||||||||
Note Two [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Shares issued of common stock pursuant to conversions of various notes payable and other debts, value | 23,032 | ||||||||||||||||||||||||||||
Treasury Stock [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Treasury stock shares | 188,181,000 | 188,181,000 | |||||||||||||||||||||||||||
Lloyd Spencer [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Shares issued for services, value | $ 7,500,000,000 | ||||||||||||||||||||||||||||
Accrued wages | $ 750,000 | $ 750,000 | $ 750,000 | $ 750,000 | $ 750,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Shares issued for compensation | 90,000,000 | 160,000,000 | |||||||||||||||||||||||||||
Subsequent Event [Member] | Interim Joint Product Development and Sales Representation Agreement [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 83,333,334 | ||||||||||||||||||||||||||||
Subsequent Event [Member] | Ecomena Limited [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 160,000,000 | ||||||||||||||||||||||||||||
Subsequent Event [Member] | Consultant [Member] | Mutual Release and Settlement Agreement [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 206,896,552 | ||||||||||||||||||||||||||||
Subsequent Event [Member] | Lloyd Spencer [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 428,571,428 | ||||||||||||||||||||||||||||
Value of shares issued compensation | $ 150,000 | ||||||||||||||||||||||||||||
Subsequent Event [Member] | Llyod Spencer [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Shares issued for compensation | 30,000,000 | ||||||||||||||||||||||||||||
Common Stock [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 20,000,000 | 740,000,000 | |||||||||||||||||||||||||||
Value of shares issued compensation | $ 74,000 | ||||||||||||||||||||||||||||
Stock issued during period conversion of debt | 3,150,315,100 | ||||||||||||||||||||||||||||
Shares issued for services, value | $ 400,315,100 | ||||||||||||||||||||||||||||
Share issued price per share | $ 0.0005 | ||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Common Stock, Shares Authorized | 35,000,000,000 | 35,000,000,000 | |||||||||||||||||||||||||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | |||||||||||||||||||||||||||
Common Stock, Shares, Outstanding | 18,463,177,479 | 17,403,876,165 | |||||||||||||||||||||||||||
Shares issued for compensation | 160,000,000 | ||||||||||||||||||||||||||||
Stock issued during period conversion of debt | 27,500,000 | 33,000,000 | |||||||||||||||||||||||||||
Convertible Debt | $ 55,000 | $ 66,000 | |||||||||||||||||||||||||||
Shares issued for services, value | $ 73,000 | $ 750,000 | |||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Treasury Stock [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Treasury stock shares | 188,181,000 | 188,181,000 | |||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Shares issued for compensation | 90,000,000 | ||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Subsequent Event [Member] | Interim Joint Product Development and Sales Representation Agreement [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 83,333,334 | ||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Subsequent Event [Member] | Ecomena Limited [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 160,000,000 | ||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Subsequent Event [Member] | Consultant [Member] | Mutual Release and Settlement Agreement [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 206,896,552 | ||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Subsequent Event [Member] | Lloyd Spencer [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Number of shares issued | 428,571,428 | ||||||||||||||||||||||||||||
Value of shares issued compensation | $ 150,000 | ||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Subsequent Event [Member] | Llyod Spencer [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Shares issued for compensation | 30,000,000 | ||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Subsequent Event [Member] | Board of Directors Chairman [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Shares issued for compensation | 30,000,000 | ||||||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Common Stock [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Common Stock, Shares, Outstanding | 18,463,177,479 | 17,403,876,165 | |||||||||||||||||||||||||||
Shares issued for services, value | $ 20,333 | $ 750,000 | |||||||||||||||||||||||||||
Maximum [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||||||||||||||||||||||||
Common Stock, Shares Authorized | 35,000,000,000 | 35,000,000,000 |
SCHEDULE OF WARRANTS_OPTIONS IS
SCHEDULE OF WARRANTS/OPTIONS ISSUED (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||||
Mar. 08, 2022 | Mar. 07, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||
Proceeds from Convertible Debt | $ 200,000 | |||||
Debt Instrument, Increase, Accrued Interest | 3,724,455 | $ 5,474,608 | ||||
Coroware, Inc. and Subsidiaries [Member] | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||
Proceeds from Convertible Debt | $ 108,650 | |||||
Debt Instrument, Increase, Accrued Interest | 3,892,551 | $ 3,724,455 | ||||
Coroware, Inc. and Subsidiaries [Member] | Lloyd Spencer [Member] | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||
Proceeds from Convertible Debt | $ 66,000 | |||||
Debt Instrument, Term | 1 year | |||||
Debt Instrument, Maturity Date, Description | March 7, 2023 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | |||||
Debt Instrument, Convertible, Conversion Price | $ 0.0002 | |||||
Coroware, Inc. and Subsidiaries [Member] | Lloyd Spencer [Member] | Transaction Two [Member] | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||
Debt Instrument, Increase, Accrued Interest | $ 521 | |||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 165,000,000 | |||||
Share Price | $ 0.0002 | |||||
Lloyd Spencer [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||
Date of issuance | Mar. 07, 2022 | |||||
Shares upon issuance of warrant or options | 165,000,000 | |||||
Exercise price | $ 0.0002 | |||||
Expiration date | Mar. 07, 2027 | |||||
Tangiers Investment Group LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||
Date of issuance | Mar. 21, 2022 | |||||
Shares upon issuance of warrant or options | 125,000,000 | |||||
Exercise price | $ 0.0004 | |||||
Expiration date | Mar. 21, 2027 |
SCHEDULE OF WARRANTS_OPTIONS _2
SCHEDULE OF WARRANTS/OPTIONS ISSUED (Details) (Paranthetical) - USD ($) | 3 Months Ended | 12 Months Ended | ||||
May 10, 2022 | Mar. 21, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Short-Term Debt [Line Items] | ||||||
Proceeds from Convertible Debt | $ 200,000 | |||||
Convertible Debt, Current | 1,987,425 | 4,549,479 | ||||
Debt Instrument, Increase, Accrued Interest | 3,724,455 | 5,474,608 | ||||
Coroware, Inc. and Subsidiaries [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Proceeds from Convertible Debt | $ 108,650 | |||||
Convertible Debt, Current | 1,995,738 | 1,987,425 | ||||
Debt Instrument, Increase, Accrued Interest | $ 3,892,551 | $ 3,724,455 | ||||
Tangiers Investment Group, LLC [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Proceeds from Convertible Debt | $ 33,056 | |||||
Debt Instrument, Convertible, Conversion Price | $ 0.001 | |||||
Debt Instrument, Increase, Accrued Interest | $ 4,775 | |||||
Tangiers Investment Group, LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Proceeds from Convertible Debt | $ 33,056 | $ 55,000 | ||||
Debt Instrument, Term | 1 year | |||||
Debt Instrument, Maturity Date, Description | March 21, 2023 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | |||||
Debt Instrument, Convertible, Conversion Price | $ 0.001 | |||||
Lowest closing price | 16 | |||||
Debt Instrument, Increase, Accrued Interest | $ 7,364 | $ 4,775 | ||||
Tangiers Investment Group, LLC [Member] | Coroware, Inc. and Subsidiaries [Member] | Transaction Two [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Convertible Debt, Current | 55,000 | |||||
Debt Instrument, Increase, Accrued Interest | $ 181 | |||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 125,000,000 | |||||
Share Price | $ 0.0004 | |||||
Ya Global [Member] | Coroware, Inc. and Subsidiaries [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Debt Instrument, Convertible, Conversion Price | $ 0.0002 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||
Jul. 15, 2022 USD ($) | Jul. 14, 2022 USD ($) $ / shares shares | May 10, 2022 USD ($) $ / shares shares | May 10, 2022 $ / shares shares | Apr. 14, 2022 $ / shares shares | Mar. 21, 2022 USD ($) $ / shares shares | Mar. 21, 2022 USD ($) $ / shares shares | Mar. 07, 2022 USD ($) $ / shares shares | Feb. 17, 2022 shares | Feb. 14, 2022 shares | Jan. 21, 2022 shares | Jan. 21, 2022 USD ($) | Dec. 02, 2021 | Nov. 12, 2021 shares | Nov. 10, 2021 shares | Nov. 04, 2021 shares | Oct. 22, 2021 shares | Oct. 21, 2021 shares | Aug. 08, 2021 | Feb. 17, 2022 GBP (£) shares | Jul. 19, 2021 | Mar. 31, 2022 USD ($) $ / shares | Mar. 31, 2021 USD ($) | Dec. 31, 2021 USD ($) $ / shares | Dec. 31, 2020 USD ($) | |
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 100,000,000 | 100,000,000 | 200,000,000 | 120,000,000 | 200,000,000 | ||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 200,000 | ||||||||||||||||||||||||
Sale of common stock, net of stock issue costs of $6,081 | $ | $ 363,919 | ||||||||||||||||||||||||
Shares issued for compensation | 160,000,000 | ||||||||||||||||||||||||
Debt instrument fee | 20,000 | ||||||||||||||||||||||||
Royalty fee percentage | 5% | 5% | |||||||||||||||||||||||
License One [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Royalty fee | £ | £ 5,000 | ||||||||||||||||||||||||
License Two [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Royalty fee | £ | 3,000 | ||||||||||||||||||||||||
License Three [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Royalty fee | £ | £ 1,000 | ||||||||||||||||||||||||
Tangiers Investment Group, LLC [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 33,056 | ||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 08, 2022 | Jul. 19, 2022 | |||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.001 | ||||||||||||||||||||||||
Interest rate | 10% | ||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 108,650 | ||||||||||||||||||||||||
Shares issued for compensation | 160,000,000 | ||||||||||||||||||||||||
Royalty fee percentage | 5% | 5% | |||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | License One [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Royalty fee | £ | £ 5,000 | ||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | License Two [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Royalty fee | £ | 3,000 | ||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | License Three [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Royalty fee | £ | £ 1,000 | ||||||||||||||||||||||||
Coroware, Inc. and Subsidiaries [Member] | Tangiers Investment Group, LLC [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 33,056 | $ 55,000 | |||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.001 | ||||||||||||||||||||||||
Lowest closing price | 16 | 16 | |||||||||||||||||||||||
Maturity date | March 21, 2023 | ||||||||||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Shares issued for compensation | 90,000,000 | 160,000,000 | |||||||||||||||||||||||
Subsequent Event [Member] | Robert Papiri Defined Benefit Plan [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 25,000,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 10,000 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 15, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 85,000,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Robert Papiri Defined Benefit Plan One [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 6,250,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 2,500 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 15, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 21,250,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Lloyd Spencer [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 428,571,428 | ||||||||||||||||||||||||
Sale of common stock, net of stock issue costs of $6,081 | $ | $ 150,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Llyod Spencer [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Shares issued for compensation | 30,000,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Three Individual [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Shares issued for compensation | 30,000,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Lloyd T Spencer [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 165,000,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 66,000 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | March 7, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Subsequent Event [Member] | B H P Capital N Y Inc [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 62,500,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 25,000 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 14, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 212,500,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Quick Capital L L C [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 62,500,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 25,000 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 14, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 212,500,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | R G P Capital Partners Inc [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 6,250,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 2,500 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 15, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 21,250,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Tangiers Investment Group LLC [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 125,000,000 | 125,000,000 | |||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 55,000 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | $ 0.0002 | |||||||||||||||||||||||
Maturity date | March 21, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | 12% | |||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | $ 0.0004 | |||||||||||||||||||||||
Common stock commitment shares | 27,500,000 | 27,500,000 | |||||||||||||||||||||||
Subsequent Event [Member] | Mac Rab LLC [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 74,375,000 | 74,375,000 | |||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | $ 0.0004 | |||||||||||||||||||||||
Common stock commitment shares | 16,527,775 | 16,527,775 | |||||||||||||||||||||||
Subsequent Event [Member] | Fixed Convertible Promissory Note [Member] | Robert Papiri Defined Benefit Plan [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Subsequent Event [Member] | Fixed Convertible Promissory Note [Member] | Robert Papiri Defined Benefit Plan One [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Subsequent Event [Member] | Fixed Convertible Promissory Note [Member] | R G P Capital Partners Inc [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Shares issued for compensation | 90,000,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Robert Papiri Defined Benefit Plan [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 25,000,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 10,000 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 15, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 85,000,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Robert Papiri Defined Benefit Plan One [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 6,250,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 2,500 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 15, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 21,250,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Lloyd Spencer [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 428,571,428 | ||||||||||||||||||||||||
Sale of common stock, net of stock issue costs of $6,081 | $ | $ 150,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Llyod Spencer [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Shares issued for compensation | 30,000,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | B H P Capital N Y Inc [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 62,500,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 25,000 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 14, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 212,500,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Quick Capital L L C [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 62,500,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 25,000 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 14, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 212,500,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | R G P Capital Partners Inc [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of warrant issued | 6,250,000 | ||||||||||||||||||||||||
Proceeds from convertible promissory note | $ | $ 2,500 | ||||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | ||||||||||||||||||||||||
Maturity date | July 15, 2023 | ||||||||||||||||||||||||
Interest rate | 12% | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Common stock commitment shares | 21,250,000 | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Fixed Convertible Promissory Note [Member] | Robert Papiri Defined Benefit Plan [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Fixed Convertible Promissory Note [Member] | Robert Papiri Defined Benefit Plan One [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Fixed Convertible Promissory Note [Member] | R G P Capital Partners Inc [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Holder [Member] | Subsequent Event [Member] | Fixed Convertible Promissory Note [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Debt Instrument, Maturity Date | May 10, 2023 | ||||||||||||||||||||||||
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 12% | 12% | |||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | $ 0.0002 | |||||||||||||||||||||||
Lowest closing price | 0.16 | 0.16 | |||||||||||||||||||||||
Holder [Member] | Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Fixed Convertible Promissory Note [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Debt Instrument, Maturity Date | May 10, 2023 | ||||||||||||||||||||||||
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 12% | 12% | |||||||||||||||||||||||
Conversion Price | $ / shares | $ 0.0002 | $ 0.0002 | |||||||||||||||||||||||
Lowest closing price | 0.16 | 0.16 | |||||||||||||||||||||||
B H P Capital N Y Inc [Member] | Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Fixed Convertible Promissory Note [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Quick Capital L L C [Member] | Subsequent Event [Member] | Fixed Convertible Promissory Note [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Quick Capital L L C [Member] | Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Fixed Convertible Promissory Note [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt Instrument, Term | 1 year | ||||||||||||||||||||||||
Standby Equity Commitment Agreement [Member] | Investor [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 5,000,000 | ||||||||||||||||||||||||
Purchase price of common stock percentage | 88% | ||||||||||||||||||||||||
Number of warrant issued | 500,000,000 | ||||||||||||||||||||||||
Common stock per share | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Standby Equity Commitment Agreement [Member] | Investor [Member] | Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 5,000,000 | ||||||||||||||||||||||||
Purchase price of common stock percentage | 88% | ||||||||||||||||||||||||
Number of warrant issued | 500,000,000 | ||||||||||||||||||||||||
Common stock per share | $ / shares | $ 0.0004 | ||||||||||||||||||||||||
Mutual Release and Settlement Agreement [Member] | Subsequent Event [Member] | Consultant [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 206,896,552 | ||||||||||||||||||||||||
Mutual Release and Settlement Agreement [Member] | Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | Consultant [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 206,896,552 | ||||||||||||||||||||||||
Interim Joint Product Development and Sales Representation Agreement [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 83,333,334 | ||||||||||||||||||||||||
Interim Joint Product Development and Sales Representation Agreement [Member] | Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 83,333,334 | ||||||||||||||||||||||||
Ecomena Limited [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 160,000,000 | ||||||||||||||||||||||||
Ecomena Limited [Member] | Subsequent Event [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Number of shares issued | 160,000,000 | ||||||||||||||||||||||||
License Of Agreement [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt instrument fee | 20,000 | 27,247 | |||||||||||||||||||||||
License Of Agreement [Member] | Coroware, Inc. and Subsidiaries [Member] | |||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||
Debt instrument fee | 20,000 | 27,247 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation | $ 2,704 | $ 0 |
SCHEDULE OF NOTES PAYABLE (De_2
SCHEDULE OF NOTES PAYABLE (Details) (Parenthetical) | 12 Months Ended |
Dec. 31, 2021 | |
Note Payable 1 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Jun. 29, 2017 |
Debt compound interest rate | 5% |
Debt default interest rate | 18% |
Debt maturity date | Mar. 31, 2018 |
Note Payable 2 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Jul. 03, 2018 |
Debt compound interest rate | 20.80% |
Debt default interest rate | 41.60% |
Debt maturity date | Dec. 17, 2018 |
Note Payable 3 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Jul. 27, 2010 |
Debt compound interest rate | 18% |
Debt default interest rate | 21% |
Debt maturity date | Jan. 23, 2011 |
Note Payable 4 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | May 10, 2016 |
Debt compound interest rate | 16% |
Debt maturity date | Aug. 29, 2016 |
Note Payable 5 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Mar. 15, 2011 |
Debt compound interest rate | 18.99% |
Debt default interest rate | 28.99% |
Debt maturity date | Mar. 25, 2011 |
Note Payable 6 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Mar. 17, 2010 |
Debt compound interest rate | 18% |
Debt default interest rate | 21% |
Debt maturity date | Sep. 13, 2010 |
Note Payable 7 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Oct. 18, 2013 |
Debt default interest rate | 10% |
Debt maturity date | Nov. 29, 2013 |
Note Payable 8 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Apr. 24, 2016 |
Debt default interest rate | 10% |
Debt maturity date | Jun. 30, 2016 |
Note Payable 9 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Mar. 29, 2011 |
Debt compound interest rate | 21% |
Debt default interest rate | 0% |
Debt maturity date | Jun. 27, 2011 |
Note Payable 10 [Member] | |
Short-Term Debt [Line Items] | |
Debt issuance date | Apr. 11, 2012 |
Debt compound interest rate | 5% |
Debt default interest rate | 5% |
Debt maturity date | May 25, 2012 |
LICENSE, NET (Details Narrative
LICENSE, NET (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Amortization of license expense | $ 4,603 | |
Stock Purchase Warrants [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Warrants outstanding | 0 | 0 |
SCHEDULE OF DEFERRED TAX ASSETS
SCHEDULE OF DEFERRED TAX ASSETS (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
Loss carryforwards | $ 5,381,301 | $ 5,057,697 |
Valuation | (5,381,301) | (5,057,697) |
Net deferred tax assets |
SCHEDULE OF COMPONENTS OF INCOM
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Expected income tax (benefit) at 21% | $ 1,736,479 | $ (2,463,246) |
Non-deductible (non-taxable) loss (gain) from derivative liability | (2,060,082) | 2,184,395 |
Change in valuation allowance | 323,603 | 278,851 |
Provision for income taxes |
SCHEDULE OF COMPONENTS OF INC_2
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) (Details) (Parenthetical) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Income tax rate | 21% | 21% |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Loss Carryforwards [Line Items] | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21% | 21% |
Operating loss carryforwards | $ 25,000,000 | |
Expires in 2027 to 2037 [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Operating loss carryforwards | $ 21,000,000 |