C2E Energy (OOGI) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 13, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	333-106299
Entity Registrant Name	C2E ENERGY INC.
Entity Central Index Key	0001160798
Entity Tax Identification Number	65-1139235
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	1801 Century Park
Entity Address, Address Line Two	East 2400
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90067
City Area Code	424
Local Phone Number	354-0990
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		1,994,657,080

BALANCE SHEETS (Unaudited)

BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Total Assets
LIABILITIES & STOCKHOLDERS’ DEFICIT
Accounts payable	7,318	7,318
Accounts payable -related party	740,527	479,527
Note payable related parties	237,200	188,689
Total liabilities	985,045	675,534
Commitments and Contingencies
Stockholders’ Deficit
Preferred Series $0.0001 par value, 20,000,000 shares authorized, 10,000,000 and 10,000,000 shares issued and outstanding, September 30, 2023 and December 31, 2022, respectively	1,000	1,000
Common stock, $0.0001 par value; 2,000,000,000 shares authorized, 1,994,657,080 shares issued and outstanding September 30, 2023 and December 31, 2022	199,466	199,466
Additional paid in capital	70,857,492	70,857,492
Accumulated deficit	(72,043,003)	(71,733,492)
Total Stockholders’ Deficit	(985,045)	(675,534)
Total Liabilities and Stockholders’ Deficit

BALANCE SHEETS (Unaudited) (Par

BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	1,994,657,080	1,994,657,080
Common stock, shares outstanding	1,994,657,080	1,994,657,080

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenue
Operating Expenses:
Administrative expenses -related party	94,527	93,364	309,512	309,713
Total operating expenses	94,527	93,364	309,512	309,713
(Loss) from operations	(94,527)	(93,364)	(309,512)	(309,713)
Other expense
Other (expense) net
Income (loss) before provision for income taxes	(94,527)	(93,364)	(309,512)	(309,713)
Provision for income taxes
Net (Loss)	$ (94,527)	$ (93,364)	$ (309,512)	$ (309,713)
Basic and diluted earnings(loss) per common share	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding	1,994,657,080	1,994,657,080	1,994,657,080	1,994,657,080

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 1,000	$ 199,466	$ 70,857,492	$ (71,328,673)	$ (270,715)
Beginning balance, shares at Dec. 31, 2021	10,000,000	1,994,657,080
Net loss				(117,795)	(117,795)
Ending balance, value at Mar. 31, 2022	$ 1,000	$ 199,466	70,857,492	(71,446,468)	(388,510)
Ending balance, shares at Mar. 31, 2022	10,000,000	1,994,657,080
Net loss				(98,554)	(98,554)
Ending balance, value at Jun. 30, 2022	$ 1,000	$ 199,466	70,857,492	(71,545,022)	(487,064)
Ending balance, shares at Jun. 30, 2022	10,000,000	1,994,657,080
Net loss				(93,364)	(93,364)
Ending balance, value at Sep. 30, 2022	$ 1,000	$ 199,466	70,857,492	(71,638,386)	(580,428)
Ending balance, shares at Sep. 30, 2022	10,000,000	1,994,657,080
Beginning balance, value at Dec. 31, 2022	$ 1,000	$ 199,466	70,857,492	(71,733,492)	(675,534)
Beginning balance, shares at Dec. 31, 2022	10,000,000	1,994,657,080
Net loss				(121,575)	(121,575)
Ending balance, value at Mar. 31, 2023	$ 1,000	$ 199,466	70,857,492	(71,855,067)	(797,109)
Ending balance, shares at Mar. 31, 2023	10,000,000	1,994,657,080
Net loss				(93,409)	(93,409)
Ending balance, value at Jun. 30, 2023	$ 1,000	$ 199,466	70,857,492	(71,948,476)	(890,518)
Ending balance, shares at Jun. 30, 2023	10,000,000	1,994,657,080
Net loss				(94,527)	(94,527)
Ending balance, value at Sep. 30, 2023	$ 1,000	$ 199,466	$ 70,857,492	$ (72,043,003)	$ (985,045)
Ending balance, shares at Sep. 30, 2023	10,000,000	1,994,657,080

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows From Operating Activities:
Net loss	$ (309,512)	$ (309,713)
Changes is assets and liabilities:
Accounts payable	261,000	259,318
Net cash provided by (used in) operating activities	(48,512)	(50,395)
Cash Flows From Investing Activities:
Net cash provided by (used in) investing activities
Cash Flows From Financing Activities:
Proceeds from related party loans	48,512	50,395
Net cash provided by financing activities	48,512	50,395
Net Increase (Decrease) In Cash
Cash At The Beginning Of The Year
Cash At The End Of The Year

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS C2E Energy, Inc.(‘the Company”) f/k/as Odyssey Oil & Energy, Inc. was formed in Florida in August 2001 with the plan of becoming a direct marketing company that developed and marketed premium-quality, premium-priced, branded fitness, and exercise equipment to the home fitness equipment market. The original business plan included marketing products directly to consumers through a variety of direct marketing channels. As an initial step, the Company licensed the rights to a portable gym subject to patent protection in the United States, which was eligible to be marketed under the trademark Better Buns. It was the Company’s intention for this product to be its first direct-marketed product. The Company was unsuccessful in its attempts to raise funding to pursue this goal and in May 2005, received notice that it was in breach of its license agreement for the Better Buns product and that the license was being terminated. Since inception to date, the Company has not generated any revenues through the sale of the Better Buns product or otherwise and has not engaged in any marketing activities due to limited funds and resources. In September 2005, the Company changed focus in connection with the Merger of a wholly-owned subsidiary of the Company and CardioBioMedical Corporation (“CBM”), a Delaware corporation. The subsidiary merged with and into CBM, with CBM as the surviving corporation which became a subsidiary of the Company. The consideration for the merger consisted of 66,232,527 19,500,000 The new objective of the Company was to establish a medical device, the Cardio Spectrum Diagnostic System as the standard of care for the detection of early-stage ischemic heart disease. The Company’s strategy consisted of (i) attempting to obtain insurance reimbursement for the performance of the diagnostic test (ii) establish the device with cardiologists and (iii) finally gain acceptance and use by other physician specialties and hospitals. The Company was unsuccessful in its attempts to obtain insurance reimbursement and marketing CSD. On April 21, 2006, we began the realization of our new strategy by purchasing a 10 On November 21, 2007, we entered into a new phase of our strategy by acquiring a Uranium Prospect known as Springbok Flats in the Bela District of South Africa. On January 15, 2008, the Company’s well operator determined that the Leslie 1 Well of BBB Area, Wharton Texas, was no longer commercially viable and the well was plugged and abandoned. On June 16, 2008, the Company acquired ALG Bio Oils Limited, which in turn owns 100 The Company intended to expand the making of biofuels from algae to other large mining companies in South Africa. On May 26, 2009, the Company acquired 51 51 Prior to February 2021, the Company has been dormant for approximately the last eight years. On February 10, 2021, as a result of a custodianship in Palm Beach, Florida Case Number: 502020CA013695XXXXMB AB, On February 10, 2021, the Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer, and Chairman of the Board of Directors. On September 28, 2021, as a result of a private transaction, 10,000,000 0.0001 250,000 On September 28, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director. At the effective date of the transfer, Arthur Li consented to act as the new President, CEO, CFO, Treasurer, Secretary, and Chairman of the Board of Directors of the Company. Arthur Li has been the Managing Director of Hunthall Limited from October 2019 through the present. From February 2019 to September 2019, he was a Corporate Finance Executive at Anglo Chinese Group Ltd. From July 2016 to December 2018, Arthur Li was the Director of Marketing at Transcosmos America Inc.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying condensed financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP Going Concern The accompanying condensed financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these condensed financial statements. As of September 30, 2023, the Company had no cash, negative working capital of $ 985,045 72,043,003 Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Currently, the Company is being funded by Hunthall Ltd. who has extended interest-free demand loans to the Company. There can be no assurance that he will continue to fund the Company. Management’s Representation of Interim Condensed Financial Statements The accompanying unaudited condensed financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company uses the same accounting policies in preparing quarterly and annual condensed financial statements. Certain information and footnote disclosures normally included in condensed financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These condensed financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. Use of Estimates The preparation of condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these condensed financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On September 30, 2023, and December 31, 2022, the Company’s cash equivalents totaled $- 0 0 Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations.

ACCOUNTS PAYABLE -RELATED PARTY

ACCOUNTS PAYABLE -RELATED PARTY AND NOTES PAYABLE-RELATED PARTY	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
ACCOUNTS PAYABLE -RELATED PARTY AND NOTES PAYABLE-RELATED PARTY	NOTE 3 – ACCOUNTS PAYABLE -RELATED PARTY AND NOTES PAYABLE-RELATED PARTY As of September 30, 2023 and December 31, 2022 there was $ 740,527 479,527 237,200 188,689

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
EQUITY	NOTE 4 – EQUITY Common Stock The Company has authorized 2,000,000,000 0.0001 1,994,657,080 The Company did not issue any common shares in the nine months ended September 30, 2023, or in the 2022 year. Preferred Stock The Company has authorized 20,000,000 0.0001 10,000,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 5 – COMMITMENTS AND CONTINGENCIES The Company did no

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 6 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the condensed financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these condensed financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP
Going Concern	Going Concern The accompanying condensed financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these condensed financial statements. As of September 30, 2023, the Company had no cash, negative working capital of $ 985,045 72,043,003 Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Currently, the Company is being funded by Hunthall Ltd. who has extended interest-free demand loans to the Company. There can be no assurance that he will continue to fund the Company.
Management’s Representation of Interim Condensed Financial Statements	Management’s Representation of Interim Condensed Financial Statements The accompanying unaudited condensed financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company uses the same accounting policies in preparing quarterly and annual condensed financial statements. Certain information and footnote disclosures normally included in condensed financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These condensed financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year.
Use of Estimates	Use of Estimates The preparation of condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these condensed financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.
Cash and cash equivalents	Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On September 30, 2023, and December 31, 2022, the Company’s cash equivalents totaled $- 0 0
Income taxes	Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit.
Net Loss per Share	Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations.

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($)	Sep. 28, 2021	Aug. 27, 2009	Jan. 01, 2008	May 26, 2009	Jun. 16, 2008	Apr. 21, 2006
Defined Benefit Plan Disclosure [Line Items]
Common stock shares			66,232,527
Shares of common stock issued (in Shares)			19,500,000
Working interest in oil and gas leases						10%
Authorized shares	10,000,000
Preferred stock par value	$ 0.0001
Cash consideration	$ 250,000
A L G Bio Oils Limited [Member]
Defined Benefit Plan Disclosure [Line Items]
Acquired percentage					100%
H Power Pty Ltd [Member]
Defined Benefit Plan Disclosure [Line Items]
Acquired percentage				51%
Purchase cancelled, percentage		51%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Working capital	$ 985,045
Accumulated deficit	72,043,003	$ 71,733,492
Cash equivalents	$ 0	$ 0

ACCOUNTS PAYABLE -RELATED PAR_2

ACCOUNTS PAYABLE -RELATED PARTY AND NOTES PAYABLE-RELATED PARTY (Details Narrative) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Accounts payable due to related parties	$ 740,527	$ 479,527
Notes payable related party	$ 237,200	$ 188,689

EQUITY (Details Narrative)

EQUITY (Details Narrative) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Equity [Abstract]
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares issued	1,994,657,080	1,994,657,080
Common stock, shares outstanding	1,994,657,080	1,994,657,080
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares issued	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contractual commitments	$ 0	$ 0