Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2021 | May 24, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q/A | |
Amendment Flag | true | |
Amendment Description | This Amendment No. 1 (“Amendment No. 1”) to the Quarterly Report on Form 10-Q/A amends the Quarterly Report on Form 10-Q for the quarter ending March 31, 2021 as filed with the Securities and Exchange Commission (the “SEC”) on May 26, 2021 (the “Original Filing”). | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2021 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 333-222709 | |
Entity Registrant Name | Social Life Network, Inc. | |
Entity Central Index Key | 0001281984 | |
Entity Tax Identification Number | 46-0495298 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 3465 S Gaylord Ct. Suite A509 | |
Entity Address, City or Town | Englewood | |
Entity Address, State or Province | CO | |
Entity Address, Postal Zip Code | 80113 | |
City Area Code | 855 | |
Local Phone Number | 933-3277 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 7,675,367,467 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Current Assets: | |||
Cash | $ 114,695 | ||
Accounts receivable | 52 | ||
Accounts receivable – related party | 407,500 | 368,000 | |
Prepaid expenses | 45,000 | ||
Assets from discontinued operations | 28,500 | ||
Total current assets | 567,195 | 396,552 | |
Investment–related party | 800 | ||
Total Assets | 567,995 | 396,552 | |
Current Liabilities: | |||
Accounts payable and accrued liabilities | 112,537 | 189,169 | |
Cash overdraft | 307 | ||
Total Current Liabilities | 112,537 | 189,476 | |
Loans payable – related party | 169,925 | 113,675 | |
PPP Loan | 163,111 | 163,111 | |
Convertible debt and accrued interest | 128,346 | ||
Total Liabilities | 445,573 | 594,608 | |
Stockholders’ Equity (Deficit): | |||
Common Stock par value $0.001 10,000,000,000 shares authorized, 7,443,135,871 and 6,368,332,350 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively | 7,441,151 | 6,368,347 | |
Additional paid in capital | 25,945,949 | 25,199,811 | |
Accumulated deficit | (33,264,678) | (31,766,214) | |
Total Stockholders’ Equity (Deficit) | 122,422 | (198,056) | $ (406,308) |
Total Liabilities and Stockholders’ Equity | $ 567,995 | $ 396,552 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Mar. 31, 2021 | Dec. 31, 2020 | May 08, 2020 | May 07, 2020 | Mar. 04, 2020 | Mar. 03, 2020 |
Statement of Financial Position [Abstract] | ||||||
Common stock, par value | $ 0.001 | $ 0.001 | ||||
Common stock, shares authorized | 10,000,000,000 | 10,000,000,000 | 10,000,000,000 | 2,500,000,000 | 2,500,000,000 | 500,000,000 |
Common stock, shares issued | 7,443,135,871 | 6,368,332,350 | ||||
Common stock, shares outstanding | 7,443,135,871 | 6,368,332,350 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Revenues | |||
Total revenue | $ 62,500 | $ 62,500 | |
Cost of goods sold | 1,282 | ||
Gross margin | 62,500 | 61,218 | |
Operating expenses | |||
Compensation expense | 43,934 | 63,793 | |
Sales and marketing | 138 | 5,632 | |
General and administrative | 146,794 | 143,025 | |
Total operating expenses | 190,866 | 212,450 | |
Income (loss) from operation | (128,366) | (151,232) | |
Oher income (expense) | |||
Loss on the extinguishment of debt | (1,551,768) | ||
Interest expense | (28,500) | ||
Other income (expense) | (155,319) | (40,290) | |
Total other income (expense) | (1,707,087) | (68,790) | |
Net loss from continuing operations | (1,835,453) | (220,022) | $ (202,720) |
Net loss from discontinued operations | (27,700) | (2,968) | |
Net income (loss) | $ (1,863,153) | $ (222,990) | |
Weighted average number of shares outstanding | |||
Basic | 7,443,135,871 | 556,248,107 | |
Diluted | 7,451,800,634 | 2,020,195,518 | |
Net income (loss) per share from continuing operations | |||
Basic | $ 0 | $ 0 | |
Diluted | 0 | 0 | |
Net income (loss) per share from discontinued operations | |||
Basic | 0 | 0 | |
Diluted | $ 0 | $ 0 | |
License [Member] | |||
Revenues | |||
Total revenue | $ 62,500 | $ 62,500 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders Equity (Deficit) (Unaudited) - USD ($) | Common Stock [Member]Common Class B [Member] | Common Stock [Member]Common Class A [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance, December 31, 2020 (As Restated) at Dec. 31, 2019 | $ 140,791 | $ 31,016,394 | $ (31,563,493) | $ (406,308) | |
Beginning balance, shares at Dec. 31, 2019 | 140,777,231 | ||||
Common stock issued to investors | $ 6,227,555 | (5,666,864) | 560,691 | ||
Common stock issued to investors, shares | 6,277,555,119 | ||||
Net loss from continuing operations | (202,720) | (202,720) | |||
Ending balance at Dec. 31, 2020 | $ 6,368,346 | 25,199,811 | (31,766,213) | (198,056) | |
Ending balance, shares at Dec. 31, 2020 | 25,000,000 | 6,368,332,350 | |||
Conversion of convertible notes | $ 1,070,805 | 963,104 | 2,033,909 | ||
Conversion of convertible notes, shares | 1,072,803,521 | ||||
Private placement | $ 2,000 | 98,000 | 100,000 | ||
Private placement, shares | 2,000,000 | ||||
MJLink spinoff adjustments | (314,967) | 364,689 | 49,722 | ||
Net loss from discontinued operations | (27,700) | (27,700) | |||
Net loss from continuing operations | (1,835,453) | (1,835,453) | |||
Ending balance at Mar. 31, 2021 | $ 7,441,151 | $ 25,945,948 | $ (33,264,678) | $ 122,422 | |
Ending balance, shares at Mar. 31, 2021 | 25,000,000 | 7,443,135,871 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Cash flows used in operating activities | |||
Net loss from continuing operations | $ (1,835,453) | $ (220,022) | $ (202,720) |
Net loss from discontinued operations | (27,700) | (2,968) | |
Adjustments to reconcile net loss to net cash used in operating activities | |||
Loss on the extinguishment of debt | 1,577,592 | ||
Changes in assets and liabilities | |||
Accounts receivable | (11,448) | 12,500 | |
Prepaids | (45,000) | 13,631 | |
Accounts payable and accrued expenses | 300,261 | (102,977) | |
Net cash used in operating activities | (41,748) | (299,836) | |
Cash flows used in investing activities | |||
Net cash used in investing activities | |||
Cash flows provided by financing activities | |||
Proceeds from the sale of common stock – private placement | 100,000 | ||
Proceeds from the sale of common stock - convertible note | 294,647 | ||
Proceeds from related party loans | 56,250 | ||
Net cash provided by financing activities | 156,250 | 294,647 | |
Net increase in cash | 114,502 | (5,190) | |
Cash, beginning of period | 193 | 11,557 | 11,557 |
Cash, end of period | 114,695 | 6,367 | $ 193 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest | 28,501 | ||
Cash paid for taxes | |||
Supplemental disclosure of non-cash information: | |||
Common stock issued in satisfaction of convertible notes payable | 128,346 | ||
Cancellation of shares issued in prior years | $ 29,737 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Organization Social Life Network, Inc. (referred to herein as “we” or “our” or “us”) is a Technology Business Incubator (TBI) that provides tech start-ups with seed technology development and executive leadership, making it easier for start-up founders to focus on raising capital, perfecting their business model, and growing their network usership. Our seed technology is an artificial intelligence (AI) powered social network and Ecommerce platform that leverages blockchain technology to increase speed, security, and accuracy on the niche social networks that we license to the companies in our TBI. Corporate Changes On August 30, 1985, we were incorporated as a private corporation, CJ Industries, Inc., in California. On February 24, 2004, we merged with Calvert Corporation, a Nevada Corporation, changed our name to Sew Cal Logo, Inc., and moved our domicile to Nevada, at which time our common stock became traded under the ticker symbol “SEWC”. In June 2014, Sew Cal Logo, Inc. was placed into receivership in Nevada’s 8th Judicial District (White Tiger Partners, LLC et al v. Sew Cal Logo, Inc.et al, Case No A-14-697251-C) (Dept. No.: XIII) (the “Receivership”). On January 29, 2016, we, as the seller (the “Seller”), completed a business combination/merger agreement (the “Agreement”) with the buyer, Life Marketing, Inc., a Colorado corporation (the “Buyer”), its subsidiaries and holdings, and all of the Buyer’s securities holders. We acted through the court-appointed receiver and White Tiger Partners, LLC, our judgment creditor. The Agreement provided that the then current owners of the private company, Life Marketing, Inc., become the majority shareholders, pursuant to which an aggregate of 119,473,334 59,736,667 ● We cancelled all previously created preferred class of stock; ● We delivered newly issued, common stock shares equivalent to approximately 89.5 100 ● The court appointed receiver sold its judgment to the Buyer and the Seller agreed to pay the receiver $ 30,000 9.99 ● Our then officers and directors were terminated, and Kenneth Tapp and Andrew Rodosevich became the Company’s Chief Executive Officer/Director and Chief Financial Officer/Director, respectively; ● We effected a 5,000 to 1 reverse stock split effective April 11, 2016, with each shareholder retaining a minimum of 100 shares ● We changed our name from Sew Cal Logo, Inc. to WeedLife, Inc, and then to Social Life Network, Inc. effective in Nevada on April 11, 2016; ● We changed our stock symbol from SEWC to WDLF; ● We decreased our authorized common stock shares from 2,000,000,000 500,000,000 On June 6, 2016, the Court issued an order in the Receivership pursuant to Section 3(a) (10) of the Securities Act of 1933, as amended, ratifying the above actions. The receiver was discharged on June 7, 2016. On September 20, 2018, we incorporated MjLink.com, Inc. (“MjLink”), a Delaware Corporation. On February 1, 2020, MjLink.com, Inc. filed its Form 1-A Offering Document for a Regulation A Tier 2 initial public offering, which the SEC qualified on September 28, 2020. . We ceased operating MjLink as a division and they continued operations as an independent company, in return for 15.17 On March 4, 2020, our Board increased our number of authorized shares of Common Stock from 500,000,000 2,500,000,000 pursuant to an amendment to our Articles of Incorporation with the state of Nevada, and submitted to Nevada our Certificate of Designation of Preferences, Rights and Limitations of our Class B Common Stock, providing that each Class B Common Stock Share has one-hundred (100) votes on all matters presented to be voted by the holders of Common Stock. The Class B Common Stock Shares only have voting power and have no equity, cash value, or any other value. Effective March 4, 2020, our Board of Directors (the “Board”) authorized the issuance of twenty-five million ( 25,000,000 2,500,000,000 Effective March 28, 2021, our Board the issuance of fifty million ( 50,000,000 5,000,000,000 As of the date of this filing, our Chief Executive Officer controls approximately in excess of 98% of shareholder votes via the Company’s issuance of 75,000,000 Class B Shares to Ken Tapp, thereby controlling over 7,500,000,000 votes. On May 8, 2020, we filed Amended and Restated Articles of Incorporation (“Amended Articles”) in Nevada to increase our authorized shares from 2,500,000,000 10,000,000,000 100,000,000 300,000,000 Additionally, the Amended Articles authorized us from May 8, 2020 and continuing until March 31, 2021, as determined by our Board in its sole discretion, to effect a Reverse Stock Split of not less than 1 share for every 5,000 shares and no more than 1 share for every 25,000 shares (the “Reverse Stock Split”). On December 11 th st Our Business We are a Technology Business Incubator (TBI) that, through individual licensing agreements, provides tech start-ups with seed technology development, legal and executive leadership, makes it easier for start-up founders to focus on raising capital, perfecting their business model, and growing their network usership. Our seed technology is an artificial intelligence (“AI”) powered social network and Ecommerce platform that leverages blockchain technology to increase speed, security and accuracy on the niche social networks that we license to the companies in our TBI. From 2013 through the first half of 2021, we have added niche social networking tech start-ups to our TBI that target consumers and business professionals in the Cannabis and Hemp, Residential Real Estate industry, Space industry, Hunting, Fishing, Camping and RV’ing industry, Racket Sports, Soccer, Golf, Cycling, and Motor Sports industries. Each of our TBI licensees’ goal is to grow their network usership to a size enabling sale to an acquiring niche industry company or taking the TBI licensee public or helping them sell their company through a merger or acquisition. Using our state-of-art AI and Blockchain technologies, our licensees’ social networking platforms learn from the changing online social behavior of users to better connect the business professionals and consumers together. We also utilize AI in the development and updating of our code, in order to identify and debug our platform faster, and be more cost effective. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no Accounts Receivable Revenues that have been recognized but not yet received are recorded as accounts receivable. Losses on receivables will be recognized when it is more likely than not that a receivable will not be collected. An allowance for estimated uncollectible amounts will be recognized to reduce the amount of receivables to its net realizable value when considered necessary. Any allowance for uncollectible amounts is evaluated quarterly. Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. 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 (3) broad levels. 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. The three (3) 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 observable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at March 31, 2021. The Company does no Revenue recognition The Company follows paragraph 605-15-25 of the FASB Accounting Standards Codification for revenue recognition when the right of return exists. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) The seller’s price to the buyer is substantially fixed or determinable at the date of sale, (ii) The buyer has paid the seller, or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the product. If the buyer does not pay at time of sale and the buyer’s obligation to pay is contractually or implicitly excused until the buyer resells the product, then this condition is not met., (iii) The buyer’s obligation to the seller would not be changed in the event of theft or physical destruction or damage of the product, (iv) The buyer acquiring the product for resale has economic substance apart from that provided by the seller. This condition relates primarily to buyers that exist on paper, that is, buyers that have little or no physical facilities or employees. It prevents entities from recognizing sales revenue on transactions with parties that the sellers have established primarily for the purpose of recognizing such sales revenue, (v) The seller does not have significant obligations for future performance to directly bring about resale of the product by the buyer, and (vi) The amount of future returns can be reasonably estimated. Income taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. On December 22, 2018, the Tax Cuts and Jobs Act (TCJA) was signed into law by the President of the United States. TCJA is a tax reform act that among other things, reduced corporate tax rates to 21 The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25. Stock-based Compensation We account for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees We account for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. Recently issued accounting pronouncements In January 2018, the FASB issued ASU 2018-01, Business Combinations (Topic 805) Clarifying the Definition of a Business In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfer of Assets Other than Inventory In August 2016, the FASB issued ASU 2016-15 , Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments In March 2016, the FASB issued ASU 2016-09, Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), and has since issued amendments thereto, related to the accounting for leases (collectively referred to as “ASC 842”). ASC 842 establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The Company will adopt ASC 842 on January 1, 2021. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. Entities have the option to continue to apply historical accounting under Topic 840, including its disclosure requirements, in comparative periods presented in the year of adoption. An entity that elects this option will recognize a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption instead of the earliest period presented. The Company expects to elect to apply the optional ASC 842 transition provisions beginning on January 1, 2021. Accordingly, the Company will continue to apply Topic 840 prior to January 1, 2021, including Topic 840 disclosure requirements, in the comparative periods presented. The Company expects to elect the package of practical expedients for all its leases that commenced before January 1, 2021. The Company has evaluated its real estate lease, its copier leases and its generator rental agreements. The Company expects that the adoption of ASC 842 will materially impact its balance sheet and have an immaterial impact on its results of operations. Based on the Company’s current agreements, the Company expects that upon the adoption of ASC 842 on January 1, 2021, it will record an operating lease liability of approximately $ 33,000 In May 2014, August 2015, April 2016 and May 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09 (ASC Topic 606), Revenue from Contracts with Customers, ASU 2015-14 (ASC Topic 606) Revenue from Contracts with Customers, Deferral of the Effective Date, ASU 2016- from Contracts with Customers, ASU 2015-14 (ASC Topic 606) Revenue from Contracts with Customers, Deferral of the Effective Date, ASU 2016-10 (ASC Topic 10 (ASC Topic 606) Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing, and ASU 2016-12 (ASC Topic 606) Revenue from Contracts with 606) Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing, and ASU 2016-12 (ASC Topic 606) Revenue from Contracts with accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. It also requires entities to disclose both quantitative and qualitative information that enable financial statements users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amendments in these ASUs are effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted for annual periods beginning after December 15, 2016. The Company is in the process of assessing the impact, if any, on its financial statements. In January 2017, the FASB issued Accounting Standards Update No. 2017-01 (ASU 2017-01) “Business Combinations (Topic 805): Clarifying the Definition of a Business.” ASU 2017-01 provides guidance to evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. If substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single asset or a group of similar assets, the assets acquired (or disposed of) are not considered a business. We adopted ASU 2017-01 as of January 1, 2017 on a prospective basis and there was no material impact to our consolidated financial statements. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
RESTATEMENT
RESTATEMENT | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Changes and Error Corrections [Abstract] | |
RESTATEMENT | NOTE 3 – RESTATEMENT The following presents a reconciliation of the Balance Sheets, Statements of Operations, and Statements of Cash Flows from the prior period as previously reported to the restated amounts: SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS SOCIAL LIFE NETWORK, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) As Reported Restatement Adjustments As Restated March 31, 2021 As Reported Restatement Adjustments As Restated Current Assets: Cash $ 114,695 - 114,695 Accounts receivable - - Accounts receivable – related party 407,500 - 407,500 Prepaid expenses 45,000 45,000 Assets from discontinued operations - - - Total current assets 567,195 - 567,195 Investment–related party 800 - 800 Total Assets $ 567,995 - 567,995 Current Liabilities: Accounts payable and accrued liabilities $ 112,537 - 112,537 Cash overdraft - - - Total Current Liabilities 112,537 - 112,537 Loans payable – related party 169,925 - 169,925 PPP Loan 163,111 - 163,111 Convertible debt and accrued interest - - - Total Liabilities 445,573 - 445,573 Stockholders’ Equity (Deficit): Common Stock par value $ 0.001 10,000,000,000 7,443,135,871 6,368,332,350 7,441,151 - 7,441,151 Additional paid in capital 24,128,008 1,817,941 25,945,949 Accumulated deficit (31,446,737 ) (1,817,941 ) (33,264,678 ) Total Stockholders’ Equity (Deficit) 122,422 - 122,422 Total Liabilities and Stockholders’ Equity $ 567,995 - 567,995 SOCIAL LIFE NETWORK, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF OPERATION As Reported Restatement Adjustments As Restated For the three months ended March 31, 2021 As Reported Restatement Adjustments As Restated Revenues Licensing revenue – related party 62,500 - 62,500 Total revenue 62,500 - 62,500 Cost of goods sold - - - Gross margin 62,500 - 62,500 Operating expenses Compensation expense 43,934 - 43,934 Sales and marketing 138 - 138 General and administrative 146,794 - 146,794 Total operating expenses 190,866 - 190,866 Income (loss) from operation (128,366 ) - (128,366 ) Oher income (expense) Loss on the extinguishment of convertible promissory notes - (1,551,768 ) (1,551,768 ) Interest expense - - - Other income (expense) 110,854 (266,173 ) (155,319 ) Total other income (expense) 110,854 (1,817,941 ) (1,707,087 ) Net loss from continuing operations $ (17,512 ) (1,817,941 ) (1,835,453 ) Net loss from discontinued operations (27,700 ) - (27,700 ) Net income (loss) $ (45,212 ) (1,817,941 ) (1,863,153 ) Weighted average number of shares outstanding Basic 7,443,135,871 - 7,443,135,871 Diluted 7,451,800,634 - 7,451,800,634 Net income (loss) per share from continuing operations Basic $ (0.00 ) 0.00 (0.00 ) Diluted $ (0.00 ) 0.00 (0.00 ) Net income (loss) per share from discontinued operations Basic $ (0.00 ) 0.00 (0.00 ) Diluted $ (0.00 ) 0.00 (0.00 ) SOCIAL LIFE NETWORK, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) SCHEDULE OF CONDENSED STATEMENTS OF CASH FLOWS As Reported Restatement Adjustments As Restated For the three months ended March 31, 2021 As Reported Restatement Adjustments As Restated Cash flows used in operating activities Net loss from continuing operations $ (17,512 ) $ (1,817,941 ) (1,835,453 ) Net loss from discontinued operations (27,700 ) - (27,700 ) Adjustments to reconcile net loss to net cash used in operating activities Loss on the extinguishment of debt 25,824 1,551,768 1,577,592 Changes in assets and liabilities Accounts receivable (11,448 ) - (11,448 ) Prepaids (45,000 ) - (45,000 ) Accounts payable and accrued expenses 34,088 266,173 300,261 Net cash used in operating activities (41,748 ) - (41,748 ) Cash flows used in investing activities Net cash used in investing activities - - - Cash flows provided by financing activities Proceeds from the sale of common stock – private placement 100,000 - 100,000 Proceeds from the sale of common stock - convertible note - - Proceeds from related party loans 56,250 - 56,250 Net cash provided by financing activities 156,250 - 156,250 Net increase in cash 114,502 - 114,502 Cash, beginning of period 193 - 193 Cash, end of period $ 114,695 $ - 114,695 Supplemental disclosure of cash flow information: Cash paid for interest $ - $ - - Cash paid for taxes $ - $ - - Supplemental disclosure of non-cash information: Common stock issued in satisfaction of convertible notes payable $ 128,346 $ - 128,346 Cancellation of shares issued in prior years $ 29,737 $ - 29,737 |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Mar. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 4 – GOING CONCERN The Company’s unaudited financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities and commitments in the normal course of business for the foreseeable future. The Company had an accumulated deficit of $ 33,264,678 1,835,453 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Mar. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS Other than as disclosed below, there has been no transaction, since January 1, 2021, or currently proposed transaction, in which our company was or is to be a participant and the amount involved exceeds $5,000 or one percent of our total assets at March 31, 2021 (a) any director or executive officer of our company; (b) any person who beneficially owns, directly or indirectly, more than 5% of any class of our voting securities; (c) any person that is part of a group, consisting of two or more persons that agreed to act together for the purpose of acquiring, holding, voting or disposing of our common stock, that acquired control of our company when it was a shell company; and (d) any member of the immediate family (including spouse, parents, children, siblings and in- laws) of any of the foregoing persons. We have Technology Business Incubator (TBI) license agreements with MjLink.com Inc., LikeRE.com Inc., HuntPost.com Inc., RacketStar.com Inc., FutPost.com Inc., GolfLynk.com Inc., CycleFans.com Inc., WEnRV.com Inc., RaceDY.com Inc., and SpaceZE.com Inc., which agreements provide that our TBI licensees pay us a license fee of 5% percentage of annual revenues generated, and 15% of their common stock, issuable immediately prior to a liquidity event such as an IPO or sale of 51% or more, of a licensee’s common stock. The 15% common stock payment is non-dilutive prior to a liquidity event described above. Our Chief Executive Office, Kenneth Tapp, owns less than 1% of our outstanding shares and is a board member of each of our TBI licensees. Ken Tapp owns less than 9.99% of the outstanding common stock in each of our licensees. Our related party revenue year-to-date for Fiscal Year 2021 is $ 62,500 We paid 1 (one) of our Advisors, Vincent (Tripp) Keber, $ 30,000 From January 1, 2021 through March 31, 2021, Kenneth Tapp, from time-to-time, provided short-term interest free loans amounting to $ 145,000 169,925 As noted in Note 8, the Company completed a December 31, 2020 Division Spin-Off Agreement (“Spin-Off Agreement) between MjLink.com, Inc. (“MjLink”) and the Company whereby the Parties agreed to cease the Company operating MjLink as its cannabis division and going forward MjLink would conduct its own operations. The Company recorded a loss from discontinued operations of $ 27,700 800,000 15.17 |
SALES RETURNS
SALES RETURNS | 3 Months Ended |
Mar. 31, 2021 | |
Sales Returns | |
SALES RETURNS | NOTE 6 – SALES RETURNS For the period ended March 31, 2021, the Company did not issue any credit memos. |
STOCK WARRANTS
STOCK WARRANTS | 3 Months Ended |
Mar. 31, 2021 | |
Stock Warrants | |
STOCK WARRANTS | NOTE 7 – STOCK WARRANTS During the three months ended March 31, 2021 and the years ended December 31, 2020, 2019, we granted zero zero 1,594,853 17,894,873 Each warrant entitles the holder to one Social Life Network common stock share at an exercise price ranging from five to twenty cents, with a weighted average price of seven cents. 3 5 April 11, 2024 300,000 17,894,873 8,800,020 4,400,010 9,064,853 2,238,800 0.00 0.20 0.0001 0.38 0.07 1.60 391 562 3 5 A summary of the status of the outstanding stock warrants and changes during the periods is presented below: SCHEDULE OF OUTSTANDING STOCK WARRANTS Shares available to purchase with warrants Weighted Average Price Weighted Average Fair Value Exercisable, December 31, 2019 9,094,853 $ 0.07 $ - Issued - - - Exercised - - - Expired - - - Outstanding, March 31, 2020 9,094,853 $ 0.07 $ - Exercisable, March 31, 2020 9,094,853 0.07 - Issued - - - Exercised - - - Expired - - - Outstanding, June 30, 2020 9,094,853 0.07 $ - Exercisable, June 30, 2020 9,094,853 0.07 - Issued - - - Exercised - - - Expired - - - Outstanding, September 30, 2020 9,094,853 0.07 $ - Exercisable, September 30, 2020 9,094,853 $ 0.07 $ - Issued - - - Exercised 30,000 - - Expired - - - Outstanding, December 31, 2020 9,064,853 0.07 $ - Exercisable, December 31, 2020 9,064,853 0.07 $ - Exercisable, March 31, 2021 9,064,853 $ 0.07 $ - Issued - - - Exercised 101,003 - - Expired - - - Outstanding, December 31, 2020 8,963,850 0.07 $ 0.31 SCHEDULE OF RANGE EXERCISE PRICES Range of Exercise Prices Number Outstanding 3/31/2021 Weighted Average Remaining Contractual Life Weighted Average Exercise Price $ 0.00 0.20 8,963,850 1.84 $ 0.07 In the $5,000,000 Complaint, the Company filed against a Convertible Lender as referenced below under Part II, Item 1, the Company alleges, among other things, that the warrants exercised by the Lender were unconscionable since it provided the defendants with $ 1,000,000 In the $40,000,000 Complaint, The Company filed against a Convertible Lender as referenced below under Part II, Item 1, the Company alleges, among other things, that the Warrant Agreement (the “Warrant”) was substantively unconscionable under California law because it provided the Defendants with hundreds of millions of shares, despite the face of the Warrant providing that the Lender is entitled to only 412,000 |
COMMON STOCK AND CONVERTIBLE DE
COMMON STOCK AND CONVERTIBLE DEBT | 3 Months Ended |
Mar. 31, 2021 | |
Common Stock And Convertible Debt | |
COMMON STOCK AND CONVERTIBLE DEBT | NOTE 7 – COMMON STOCK AND CONVERTIBLE DEBT Common Stock Class A For the quarter ending December 31, 2019, the Company issued 2,200,000 0.10 220,000 3,550,000 0.10 355,000 102,176 0.00 284,373 0.04 10,000 For the quarter ending March 31, 2020, several lenders converted their debt into 415,479,876 0.00140 232,257 After unanimous Board of Director approval and Shareholder Approval by consent of over 51% of the Company’s outstanding shares, filing of the Company’s Definitive Information Statement, and notice to shareholders, the Company filed an Amended and Restated Articles of Incorporation to increase its authorized shares with the State of Nevada (which was approved by the State of Nevada on March 4, 2020) to 2.5 After unanimous Board of Director approval and Shareholder Approval by consent of over 51% of the Company’s outstanding shares, filing of the Company’s Definitive Information Statement and notice to shareholders, the Company filed Amended and Restated Articles of Incorporation (“Amended Articles”) to increase its authorized shares with the State of Nevada, which was approved by the State of Nevada on May 8, 2020, which amended articles increased the Company’s authorized Class A Common Stock Shares to Ten Billion ( 10,000,000,000 400,000,000 300,000,000 Additionally, the Amended Articles authorized the Company from May 8, 2020 and continuing until March 31, 2021, as determined by the Company’s Board of Directors in its sole discretion, to effect a Reverse Stock Split of not less than 1 share for every 5,000 shares and no more than 1 share for every 25,000 shares. For the quarter ending June 30, 2020, several lenders converted their debt into 774,546,579 0.00060 44,693 For the quarter ending September 30, 2020, several lenders converted their debt into 2,125,389,202 0.00005 111,977 For the quarter ending December 31, 2020, several lenders converted their debt into 2,619,030,182 0.00082 133,902 For the quarter ending March 31, 2021, the remaining lenders converted their debt into 709,449,528 0.00038 267,173 Class B Effective March 4, 2020, our board of directors authorized the issuance of twenty five million ( 25,000,000 2,500,000,000 Effective March 28, 2021, our Board authorized the issuance of fifty million ( 50,000,000 5,000,000,000 75,000,000 7,500,000,000 Convertible Debt and Other Obligations Convertible Debt We have the following convertible notes payable as of March 31, 2021:* SUMMARY OF CONVERTIBLE NOTES PAYABLE Note Funding Date Maturity Date Interest Rate Original Borrowing Average Conversion Price Number of Shares Converted Balance at Note payable (A) April 15, 2019 November 14, 2019 7 % $ 100,000 $ 0.0000 810,911,013 $ - Note payable (B) April 15, 2019 April 14, 2022 10 % $ 67,500 $ 0.0000 117,869,569 - Note payable (C-1) May 24, 2019 December 23, 2019 10 % $ 80,000 $ 0.00004 2,098,755,638 - Note payable (C-2) July 3, 2019 February 2, 2020 10 % $ 160,000 $ 0.0003 1,146,297,040 - Note payable (D) June 12, 2019 June 11, 2020 12 % $ 110,000 $ 0.0019 691,151,660 - Note payable (E) June 26, 2019 March 25, 2020 12 % $ 135,000 $ 0.00004 514,781,219 - Note payable (F) August 7, 2019 August 6, 2020 10 % $ 100,000 $ 0.0007 158,429,766 - Note payable (G) August 21, 2019 August 20, 2020 10 % $ 148,500 $ 0.0001 431,824,675 - Note payable (H) January 28, 2020 January 27, 2021 10 % 63,000 $ 0.0001 1,102,499,999 - Total $ 0.0001 $ - *As indicated below in footnotes A-H, we had various convertible notes with funding dates in 2019 and 2020, which notes were paid in full and completely retired by February 5, 2021, specifically, as follows: A- November 14, 2019 B - June 26, 2019 C - January 25, 2021 D – February 5, 2021 E – January 7, 2021 F – July 28, 2021 G – January 4, 2021 H – August 24, 2020 (A) On April 15, 2019, we completed a 7 100,000 117,700 10,000 7,700 150,000 102,176 412,500 301,412,500 0.15 13,333 0.17 November 14, 2019 (B) On April 15, 2019, we completed convertible debenture at zero interest and other related documents with an unaffiliated third-party funding group to generate $ 375,000 67,500 90,000 180,000 75,000 100,000 200,000 300,000 20,192,307 10 36 10 67,500 67,500 10 7,500 7,500 30,000 105,000 June 26, 2019 (C) On May 24, 2019, we completed a 7 240,000 80,000 80,000 4,000 84,000 252,000 80,000 160,000 184,800 8,000 16,800 50,000 25,000 8,000,000 0.08 65 20 130,633 0.12 January 25, 2021 (D) On June 12, 2019, we completed a 12 110,000 135,250 11,000 14,250 14,400,000 35 20 10,000 495,472,078 0.035 59,231 0.11 (E) On June 26, 2019, we completed a 9 135,000 March 25, 2020 168,000 15,000 18,000 100,000 15,000,000 1 0.08 65 20 72,692 0.11 (F) On August 7, 2019, we completed a 12 100,000 August 6, 2020 121,000 10,000 11,000 100,000 677,973,124 105,769,231 0.08 65 20 73,750 0.09 (G) On August 21, 2019, we completed a 12 148,500 49,500 49,500 49,500 5,500 55,000 165,000 49,500 August 20, 2020 60,500 5,500 5,500 50,000 50,000 150,000 80,000,000 2 35 20 26,654 0.07 (H) On January 28, 2020, we completed a 12 925,000 63,000 69,300 6,300 41,331,475 1 39 40,279 0.01 ● On June 26, 2019, we fully met and timely paid its debt obligation to Note Payable (B). ● On November 14, 2019, we fully met and timely paid its debt obligation to Note Payable (A). ● On July 28, 2020, we fully met and timely paid its debt obligation to Note Payable (F). ● On August 24, 2020, we fully met and timely paid its debt obligation to Note Payable (H). ● On November 3, 2020, we fully met and timely paid its debt obligation to Note Payable (C-1). ● On January 4, 2021, we fully met and timely paid its debt obligation to Note Payable (G). ● On January 7, 2021, we fully met and timely paid its debt obligation to Note Payable (E). ● On January 25, 2021, we fully met and timely paid its debt obligation to Note Payable (C-2). ● On February 5, 2021, we fully met and timely paid its debt obligation to Note Payable (D). Accordingly, all of our convertible plus interest obligation was fully settled in the first quarter 2021. Other Obligations For the quarter ending March 31, 2021, Kenneth Tapp, from time-to-time provided short-term interest free loans for the Company’s operations. For the first quarter ending of 2021, Kenneth Tapp provided an additional net amount of $ 84,197 169,925 st On April 21, 2020, under the Payroll Protection Program, the Company received a forgivable loan of $ 37,411 125,700 On March 12, 2021, MjLink.com relieved all its $ 364,688 The Company’s executive and administrative office is located at 3465 Gaylord Court, Suite A509, Englewood, Colorado 80113. The Company had total rent expense for the quarter ended March 31, 2021 and 2020 of $ 8,590 5,699 |
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS | 3 Months Ended |
Mar. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
DISCONTINUED OPERATIONS | NOTE 8 - DISCONTINUED OPERATIONS The Company completed a December 31, 2020 Division Spin-Off Agreement (“Spin-Off Agreement) between MjLink.com, Inc. (“MjLink”) and the Company whereby the Parties agreed to cease the Company operating MjLink as its cannabis division and going forward MjLink would conduct its own operations. The Spin-Off has a subsequent financial effect that could potentially increase the profit margins for the Company by removing the ongoing operating expenses of MjLink as a division. The Company recorded a loss from discontinued operations of $ 27,700 800,000 15.17 SCHEDULE OF DISCONTINUED OPERATIONS March 31, 2021 March 31, 2020 Three Months ended March 31, 2021 March 31, 2020 Operating loss $ (27,700 ) $ (2,968 ) Income(loss) before provision for income taxes (27,700 ) $ (2,968 ) Provision for income taxes - - Net income (loss) $ (27,700 ) $ (2,968 ) |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 9 – SUBSEQUENT EVENTS Common Stock As of May 17, 2021, the Company has not issued common stock shares to an employee nor has sold common shares to an accredited investor. On April 7th, 2021, LVC Consulting returned 29,736,667 30 On April 9, 2021, we (OTC: WDLF) filed a $ 5,000,000 On April 19, 2021, we filed a $ 40,000,000 Convertible Debt As of May 17, 2021, the Company has not entered into any convertible debt arrangements. Other Obligations For the quarter ending March 31, 2021, Kenneth Tapp, from time-to-time provided short-term interest free loans for the Company’s operations. For the first quarter ending of 2021, Kenneth Tapp provided an additional net amount of $ 84,197 169,925 Board of Director, Chief Financial Officer, and Board Appointments None. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
Use of estimates | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. |
Cash equivalents | Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no |
Accounts Receivable | Accounts Receivable Revenues that have been recognized but not yet received are recorded as accounts receivable. Losses on receivables will be recognized when it is more likely than not that a receivable will not be collected. An allowance for estimated uncollectible amounts will be recognized to reduce the amount of receivables to its net realizable value when considered necessary. Any allowance for uncollectible amounts is evaluated quarterly. |
Fair value of financial instruments | Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. 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 (3) broad levels. 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. The three (3) 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 observable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at March 31, 2021. The Company does no |
Revenue recognition | Revenue recognition The Company follows paragraph 605-15-25 of the FASB Accounting Standards Codification for revenue recognition when the right of return exists. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) The seller’s price to the buyer is substantially fixed or determinable at the date of sale, (ii) The buyer has paid the seller, or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the product. If the buyer does not pay at time of sale and the buyer’s obligation to pay is contractually or implicitly excused until the buyer resells the product, then this condition is not met., (iii) The buyer’s obligation to the seller would not be changed in the event of theft or physical destruction or damage of the product, (iv) The buyer acquiring the product for resale has economic substance apart from that provided by the seller. This condition relates primarily to buyers that exist on paper, that is, buyers that have little or no physical facilities or employees. It prevents entities from recognizing sales revenue on transactions with parties that the sellers have established primarily for the purpose of recognizing such sales revenue, (v) The seller does not have significant obligations for future performance to directly bring about resale of the product by the buyer, and (vi) The amount of future returns can be reasonably estimated. |
Income taxes | Income taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. On December 22, 2018, the Tax Cuts and Jobs Act (TCJA) was signed into law by the President of the United States. TCJA is a tax reform act that among other things, reduced corporate tax rates to 21 The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25. |
Stock-based Compensation | Stock-based Compensation We account for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees We account for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, |
Basic and Diluted Earnings Per Share | Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. |
Recently issued accounting pronouncements | Recently issued accounting pronouncements In January 2018, the FASB issued ASU 2018-01, Business Combinations (Topic 805) Clarifying the Definition of a Business In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfer of Assets Other than Inventory In August 2016, the FASB issued ASU 2016-15 , Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments In March 2016, the FASB issued ASU 2016-09, Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), and has since issued amendments thereto, related to the accounting for leases (collectively referred to as “ASC 842”). ASC 842 establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The Company will adopt ASC 842 on January 1, 2021. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. Entities have the option to continue to apply historical accounting under Topic 840, including its disclosure requirements, in comparative periods presented in the year of adoption. An entity that elects this option will recognize a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption instead of the earliest period presented. The Company expects to elect to apply the optional ASC 842 transition provisions beginning on January 1, 2021. Accordingly, the Company will continue to apply Topic 840 prior to January 1, 2021, including Topic 840 disclosure requirements, in the comparative periods presented. The Company expects to elect the package of practical expedients for all its leases that commenced before January 1, 2021. The Company has evaluated its real estate lease, its copier leases and its generator rental agreements. The Company expects that the adoption of ASC 842 will materially impact its balance sheet and have an immaterial impact on its results of operations. Based on the Company’s current agreements, the Company expects that upon the adoption of ASC 842 on January 1, 2021, it will record an operating lease liability of approximately $ 33,000 In May 2014, August 2015, April 2016 and May 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09 (ASC Topic 606), Revenue from Contracts with Customers, ASU 2015-14 (ASC Topic 606) Revenue from Contracts with Customers, Deferral of the Effective Date, ASU 2016- from Contracts with Customers, ASU 2015-14 (ASC Topic 606) Revenue from Contracts with Customers, Deferral of the Effective Date, ASU 2016-10 (ASC Topic 10 (ASC Topic 606) Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing, and ASU 2016-12 (ASC Topic 606) Revenue from Contracts with 606) Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing, and ASU 2016-12 (ASC Topic 606) Revenue from Contracts with accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. It also requires entities to disclose both quantitative and qualitative information that enable financial statements users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amendments in these ASUs are effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted for annual periods beginning after December 15, 2016. The Company is in the process of assessing the impact, if any, on its financial statements. In January 2017, the FASB issued Accounting Standards Update No. 2017-01 (ASU 2017-01) “Business Combinations (Topic 805): Clarifying the Definition of a Business.” ASU 2017-01 provides guidance to evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. If substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single asset or a group of similar assets, the assets acquired (or disposed of) are not considered a business. We adopted ASU 2017-01 as of January 1, 2017 on a prospective basis and there was no material impact to our consolidated financial statements. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
RESTATEMENT (Tables)
RESTATEMENT (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Changes and Error Corrections [Abstract] | |
SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS | The following presents a reconciliation of the Balance Sheets, Statements of Operations, and Statements of Cash Flows from the prior period as previously reported to the restated amounts: SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS SOCIAL LIFE NETWORK, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) As Reported Restatement Adjustments As Restated March 31, 2021 As Reported Restatement Adjustments As Restated Current Assets: Cash $ 114,695 - 114,695 Accounts receivable - - Accounts receivable – related party 407,500 - 407,500 Prepaid expenses 45,000 45,000 Assets from discontinued operations - - - Total current assets 567,195 - 567,195 Investment–related party 800 - 800 Total Assets $ 567,995 - 567,995 Current Liabilities: Accounts payable and accrued liabilities $ 112,537 - 112,537 Cash overdraft - - - Total Current Liabilities 112,537 - 112,537 Loans payable – related party 169,925 - 169,925 PPP Loan 163,111 - 163,111 Convertible debt and accrued interest - - - Total Liabilities 445,573 - 445,573 Stockholders’ Equity (Deficit): Common Stock par value $ 0.001 10,000,000,000 7,443,135,871 6,368,332,350 7,441,151 - 7,441,151 Additional paid in capital 24,128,008 1,817,941 25,945,949 Accumulated deficit (31,446,737 ) (1,817,941 ) (33,264,678 ) Total Stockholders’ Equity (Deficit) 122,422 - 122,422 Total Liabilities and Stockholders’ Equity $ 567,995 - 567,995 |
SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF OPERATION | SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF OPERATION As Reported Restatement Adjustments As Restated For the three months ended March 31, 2021 As Reported Restatement Adjustments As Restated Revenues Licensing revenue – related party 62,500 - 62,500 Total revenue 62,500 - 62,500 Cost of goods sold - - - Gross margin 62,500 - 62,500 Operating expenses Compensation expense 43,934 - 43,934 Sales and marketing 138 - 138 General and administrative 146,794 - 146,794 Total operating expenses 190,866 - 190,866 Income (loss) from operation (128,366 ) - (128,366 ) Oher income (expense) Loss on the extinguishment of convertible promissory notes - (1,551,768 ) (1,551,768 ) Interest expense - - - Other income (expense) 110,854 (266,173 ) (155,319 ) Total other income (expense) 110,854 (1,817,941 ) (1,707,087 ) Net loss from continuing operations $ (17,512 ) (1,817,941 ) (1,835,453 ) Net loss from discontinued operations (27,700 ) - (27,700 ) Net income (loss) $ (45,212 ) (1,817,941 ) (1,863,153 ) Weighted average number of shares outstanding Basic 7,443,135,871 - 7,443,135,871 Diluted 7,451,800,634 - 7,451,800,634 Net income (loss) per share from continuing operations Basic $ (0.00 ) 0.00 (0.00 ) Diluted $ (0.00 ) 0.00 (0.00 ) Net income (loss) per share from discontinued operations Basic $ (0.00 ) 0.00 (0.00 ) Diluted $ (0.00 ) 0.00 (0.00 ) |
SCHEDULE OF CONDENSED STATEMENTS OF CASH FLOWS | SCHEDULE OF CONDENSED STATEMENTS OF CASH FLOWS As Reported Restatement Adjustments As Restated For the three months ended March 31, 2021 As Reported Restatement Adjustments As Restated Cash flows used in operating activities Net loss from continuing operations $ (17,512 ) $ (1,817,941 ) (1,835,453 ) Net loss from discontinued operations (27,700 ) - (27,700 ) Adjustments to reconcile net loss to net cash used in operating activities Loss on the extinguishment of debt 25,824 1,551,768 1,577,592 Changes in assets and liabilities Accounts receivable (11,448 ) - (11,448 ) Prepaids (45,000 ) - (45,000 ) Accounts payable and accrued expenses 34,088 266,173 300,261 Net cash used in operating activities (41,748 ) - (41,748 ) Cash flows used in investing activities Net cash used in investing activities - - - Cash flows provided by financing activities Proceeds from the sale of common stock – private placement 100,000 - 100,000 Proceeds from the sale of common stock - convertible note - - Proceeds from related party loans 56,250 - 56,250 Net cash provided by financing activities 156,250 - 156,250 Net increase in cash 114,502 - 114,502 Cash, beginning of period 193 - 193 Cash, end of period $ 114,695 $ - 114,695 Supplemental disclosure of cash flow information: Cash paid for interest $ - $ - - Cash paid for taxes $ - $ - - Supplemental disclosure of non-cash information: Common stock issued in satisfaction of convertible notes payable $ 128,346 $ - 128,346 Cancellation of shares issued in prior years $ 29,737 $ - 29,737 |
STOCK WARRANTS (Tables)
STOCK WARRANTS (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Stock Warrants | |
SCHEDULE OF OUTSTANDING STOCK WARRANTS | A summary of the status of the outstanding stock warrants and changes during the periods is presented below: SCHEDULE OF OUTSTANDING STOCK WARRANTS Shares available to purchase with warrants Weighted Average Price Weighted Average Fair Value Exercisable, December 31, 2019 9,094,853 $ 0.07 $ - Issued - - - Exercised - - - Expired - - - Outstanding, March 31, 2020 9,094,853 $ 0.07 $ - Exercisable, March 31, 2020 9,094,853 0.07 - Issued - - - Exercised - - - Expired - - - Outstanding, June 30, 2020 9,094,853 0.07 $ - Exercisable, June 30, 2020 9,094,853 0.07 - Issued - - - Exercised - - - Expired - - - Outstanding, September 30, 2020 9,094,853 0.07 $ - Exercisable, September 30, 2020 9,094,853 $ 0.07 $ - Issued - - - Exercised 30,000 - - Expired - - - Outstanding, December 31, 2020 9,064,853 0.07 $ - Exercisable, December 31, 2020 9,064,853 0.07 $ - Exercisable, March 31, 2021 9,064,853 $ 0.07 $ - Issued - - - Exercised 101,003 - - Expired - - - Outstanding, December 31, 2020 8,963,850 0.07 $ 0.31 |
SCHEDULE OF RANGE EXERCISE PRICES | SCHEDULE OF RANGE EXERCISE PRICES Range of Exercise Prices Number Outstanding 3/31/2021 Weighted Average Remaining Contractual Life Weighted Average Exercise Price $ 0.00 0.20 8,963,850 1.84 $ 0.07 |
COMMON STOCK AND CONVERTIBLE _2
COMMON STOCK AND CONVERTIBLE DEBT (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Common Stock And Convertible Debt | |
SUMMARY OF CONVERTIBLE NOTES PAYABLE | We have the following convertible notes payable as of March 31, 2021:* SUMMARY OF CONVERTIBLE NOTES PAYABLE Note Funding Date Maturity Date Interest Rate Original Borrowing Average Conversion Price Number of Shares Converted Balance at Note payable (A) April 15, 2019 November 14, 2019 7 % $ 100,000 $ 0.0000 810,911,013 $ - Note payable (B) April 15, 2019 April 14, 2022 10 % $ 67,500 $ 0.0000 117,869,569 - Note payable (C-1) May 24, 2019 December 23, 2019 10 % $ 80,000 $ 0.00004 2,098,755,638 - Note payable (C-2) July 3, 2019 February 2, 2020 10 % $ 160,000 $ 0.0003 1,146,297,040 - Note payable (D) June 12, 2019 June 11, 2020 12 % $ 110,000 $ 0.0019 691,151,660 - Note payable (E) June 26, 2019 March 25, 2020 12 % $ 135,000 $ 0.00004 514,781,219 - Note payable (F) August 7, 2019 August 6, 2020 10 % $ 100,000 $ 0.0007 158,429,766 - Note payable (G) August 21, 2019 August 20, 2020 10 % $ 148,500 $ 0.0001 431,824,675 - Note payable (H) January 28, 2020 January 27, 2021 10 % 63,000 $ 0.0001 1,102,499,999 - Total $ 0.0001 $ - *As indicated below in footnotes A-H, we had various convertible notes with funding dates in 2019 and 2020, which notes were paid in full and completely retired by February 5, 2021, specifically, as follows: A- November 14, 2019 B - June 26, 2019 C - January 25, 2021 D – February 5, 2021 E – January 7, 2021 F – July 28, 2021 G – January 4, 2021 H – August 24, 2020 (A) On April 15, 2019, we completed a 7 100,000 117,700 10,000 7,700 150,000 102,176 412,500 301,412,500 0.15 13,333 0.17 November 14, 2019 (B) On April 15, 2019, we completed convertible debenture at zero interest and other related documents with an unaffiliated third-party funding group to generate $ 375,000 67,500 90,000 180,000 75,000 100,000 200,000 300,000 20,192,307 10 36 10 67,500 67,500 10 7,500 7,500 30,000 105,000 June 26, 2019 (C) On May 24, 2019, we completed a 7 240,000 80,000 80,000 4,000 84,000 252,000 80,000 160,000 184,800 8,000 16,800 50,000 25,000 8,000,000 0.08 65 20 130,633 0.12 January 25, 2021 (D) On June 12, 2019, we completed a 12 110,000 135,250 11,000 14,250 14,400,000 35 20 10,000 495,472,078 0.035 59,231 0.11 (E) On June 26, 2019, we completed a 9 135,000 March 25, 2020 168,000 15,000 18,000 100,000 15,000,000 1 0.08 65 20 72,692 0.11 (F) On August 7, 2019, we completed a 12 100,000 August 6, 2020 121,000 10,000 11,000 100,000 677,973,124 105,769,231 0.08 65 20 73,750 0.09 (G) On August 21, 2019, we completed a 12 148,500 49,500 49,500 49,500 5,500 55,000 165,000 49,500 August 20, 2020 60,500 5,500 5,500 50,000 50,000 150,000 80,000,000 2 35 20 26,654 0.07 (H) On January 28, 2020, we completed a 12 925,000 63,000 69,300 6,300 41,331,475 1 39 40,279 0.01 ● On June 26, 2019, we fully met and timely paid its debt obligation to Note Payable (B). ● On November 14, 2019, we fully met and timely paid its debt obligation to Note Payable (A). ● On July 28, 2020, we fully met and timely paid its debt obligation to Note Payable (F). ● On August 24, 2020, we fully met and timely paid its debt obligation to Note Payable (H). ● On November 3, 2020, we fully met and timely paid its debt obligation to Note Payable (C-1). ● On January 4, 2021, we fully met and timely paid its debt obligation to Note Payable (G). ● On January 7, 2021, we fully met and timely paid its debt obligation to Note Payable (E). ● On January 25, 2021, we fully met and timely paid its debt obligation to Note Payable (C-2). ● On February 5, 2021, we fully met and timely paid its debt obligation to Note Payable (D). |
DISCONTINUED OPERATIONS (Tables
DISCONTINUED OPERATIONS (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
SCHEDULE OF DISCONTINUED OPERATIONS | SCHEDULE OF DISCONTINUED OPERATIONS March 31, 2021 March 31, 2020 Three Months ended March 31, 2021 March 31, 2020 Operating loss $ (27,700 ) $ (2,968 ) Income(loss) before provision for income taxes (27,700 ) $ (2,968 ) Provision for income taxes - - Net income (loss) $ (27,700 ) $ (2,968 ) |
ORGANIZATION AND DESCRIPTION _2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($) | Mar. 28, 2021 | Mar. 04, 2020 | Jan. 29, 2016 | Mar. 31, 2021 | Feb. 28, 2021 | Feb. 29, 2020 | Dec. 31, 2020 | Sep. 28, 2020 | May 08, 2020 | May 07, 2020 | Mar. 03, 2020 | Mar. 17, 2016 | Mar. 16, 2016 |
Reverse stock split, description | Additionally, the Amended Articles authorized us from May 8, 2020 and continuing until March 31, 2021, as determined by our Board in its sole discretion, to effect a Reverse Stock Split of not less than 1 share for every 5,000 shares and no more than 1 share for every 25,000 shares (the “Reverse Stock Split”). | ||||||||||||
Common stock, shares authorized | 2,500,000,000 | 10,000,000,000 | 10,000,000,000 | 10,000,000,000 | 2,500,000,000 | 500,000,000 | |||||||
Preferred stock, shares authorized | 300,000,000 | 100,000,000 | |||||||||||
Common Class B [Member] | |||||||||||||
Common stock, shares authorized | 400,000,000 | ||||||||||||
Common stock voting rights | pursuant to an amendment to our Articles of Incorporation with the state of Nevada, and submitted to Nevada our Certificate of Designation of Preferences, Rights and Limitations of our Class B Common Stock, providing that each Class B Common Stock Share has one-hundred (100) votes on all matters presented to be voted by the holders of Common Stock. The Class B Common Stock Shares only have voting power and have no equity, cash value, or any other value. | ||||||||||||
Number of shares issued for services | 75,000,000 | ||||||||||||
Mj Linkcom Inc [Member] | |||||||||||||
Ownership percentage | 15.17% | ||||||||||||
Business Combination/Merger Agreement [Member] | |||||||||||||
Seller agreed to pay receiver | $ 30,000 | ||||||||||||
Equivalent percentage | 9.99% | ||||||||||||
Reverse stock split, description | We effected a 5,000 to 1 reverse stock split effective April 11, 2016, with each shareholder retaining a minimum of 100 shares | ||||||||||||
Common stock, shares authorized | 500,000,000 | 2,000,000,000 | |||||||||||
Common Stock [Member] | Business Combination/Merger Agreement [Member] | |||||||||||||
Ownership percentage | 89.50% | ||||||||||||
Common Stock [Member] | Business Combination/Merger Agreement [Member] | Life Marketing, Inc., [Member] | |||||||||||||
Ownership percentage | 100.00% | ||||||||||||
Officer [Member] | Life Marketing, Inc., [Member] | Common Stock [Member] | Business Combination/Merger Agreement [Member] | |||||||||||||
Number of shares issued | 119,473,334 | ||||||||||||
Andrew Rodosevich [Member] | Life Marketing, Inc., [Member] | Common Stock [Member] | Business Combination/Merger Agreement [Member] | |||||||||||||
Number of shares issued | 59,736,667 | ||||||||||||
Kenneth Tap [Member] | Common Class B [Member] | |||||||||||||
Number of shares issued for services | 50,000,000 | 25,000,000 | 7,500,000,000 | 5,000,000,000 | 2,500,000,000 | ||||||||
Kenneth Tap [Member] | Life Marketing, Inc., [Member] | Common Stock [Member] | Business Combination/Merger Agreement [Member] | |||||||||||||
Number of shares issued | 59,736,667 | ||||||||||||
Chief Executive Officer [Member] | Common Class B [Member] | |||||||||||||
Common stock voting rights | As of the date of this filing, our Chief Executive Officer controls approximately in excess of 98% of shareholder votes via the Company’s issuance of 75,000,000 Class B Shares to Ken Tapp, thereby controlling over 7,500,000,000 votes. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2021 | Jan. 02, 2021 | Mar. 31, 2020 | |
Accounting Policies [Abstract] | |||
Cash equivalents | $ 0 | $ 0 | |
Fair Value, Net | $ 0 | $ 0 | |
Federal statutory rate | 21.00% | ||
Operating lease liability | $ 33,000 |
SCHEDULE OF CONDENSED CONSOLIDA
SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Current Assets: | |||
Cash | $ 114,695 | ||
Accounts receivable | 52 | ||
Accounts receivable – related party | 407,500 | 368,000 | |
Prepaid expenses | 45,000 | ||
Assets from discontinued operations | 28,500 | ||
Total current assets | 567,195 | 396,552 | |
Investment–related party | 800 | ||
Total Assets | 567,995 | 396,552 | |
Current Liabilities: | |||
Accounts payable and accrued liabilities | 112,537 | 189,169 | |
Cash overdraft | 307 | ||
Total Current Liabilities | 112,537 | 189,476 | |
Loans payable – related party | 169,925 | 113,675 | |
PPP Loan | 163,111 | 163,111 | |
Convertible debt and accrued interest | 128,346 | ||
Total Liabilities | 445,573 | 594,608 | |
Stockholders’ Equity (Deficit): | |||
Common Stock par value $0.001 10,000,000,000 shares authorized, 7,443,135,871 and 6,368,332,350 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively | 7,441,151 | 6,368,347 | |
Additional paid in capital | 25,945,949 | 25,199,811 | |
Accumulated deficit | (33,264,678) | (31,766,214) | |
Total Stockholders’ Equity (Deficit) | 122,422 | (198,056) | $ (406,308) |
Total Liabilities and Stockholders’ Equity | 567,995 | $ 396,552 | |
Previously Reported [Member] | |||
Current Assets: | |||
Cash | 114,695 | ||
Accounts receivable | |||
Accounts receivable – related party | 407,500 | ||
Prepaid expenses | 45,000 | ||
Assets from discontinued operations | |||
Total current assets | 567,195 | ||
Investment–related party | 800 | ||
Total Assets | 567,995 | ||
Current Liabilities: | |||
Accounts payable and accrued liabilities | 112,537 | ||
Cash overdraft | |||
Total Current Liabilities | 112,537 | ||
Loans payable – related party | 169,925 | ||
PPP Loan | 163,111 | ||
Convertible debt and accrued interest | |||
Total Liabilities | 445,573 | ||
Stockholders’ Equity (Deficit): | |||
Common Stock par value $0.001 10,000,000,000 shares authorized, 7,443,135,871 and 6,368,332,350 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively | 7,441,151 | ||
Additional paid in capital | 24,128,008 | ||
Accumulated deficit | (31,446,737) | ||
Total Stockholders’ Equity (Deficit) | 122,422 | ||
Total Liabilities and Stockholders’ Equity | 567,995 | ||
Revision of Prior Period, Adjustment [Member] | |||
Current Assets: | |||
Cash | |||
Accounts receivable – related party | |||
Assets from discontinued operations | |||
Total current assets | |||
Investment–related party | |||
Total Assets | |||
Current Liabilities: | |||
Accounts payable and accrued liabilities | |||
Cash overdraft | |||
Total Current Liabilities | |||
Loans payable – related party | |||
PPP Loan | |||
Convertible debt and accrued interest | |||
Total Liabilities | |||
Stockholders’ Equity (Deficit): | |||
Common Stock par value $0.001 10,000,000,000 shares authorized, 7,443,135,871 and 6,368,332,350 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively | |||
Additional paid in capital | 1,817,941 | ||
Accumulated deficit | (1,817,941) | ||
Total Stockholders’ Equity (Deficit) | |||
Total Liabilities and Stockholders’ Equity |
SCHEDULE OF CONDENSED CONSOLI_2
SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS (Details) (Parenthetical) - $ / shares | Mar. 31, 2021 | Dec. 31, 2020 | May 08, 2020 | May 07, 2020 | Mar. 04, 2020 | Mar. 03, 2020 |
Accounting Changes and Error Corrections [Abstract] | ||||||
Common stock, par value | $ 0.001 | $ 0.001 | ||||
Common stock, shares authorized | 10,000,000,000 | 10,000,000,000 | 10,000,000,000 | 2,500,000,000 | 2,500,000,000 | 500,000,000 |
Common stock, shares issued | 7,443,135,871 | 6,368,332,350 | ||||
Common stock, shares outstanding | 7,443,135,871 | 6,368,332,350 |
SCHEDULE OF CONDENSED CONSOLI_3
SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF OPERATION (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Revenues | ||
Total revenue | $ 62,500 | $ 62,500 |
Cost of goods sold | 1,282 | |
Gross margin | 62,500 | 61,218 |
Operating expenses | ||
Compensation expense | 43,934 | 63,793 |
Sales and marketing | 138 | 5,632 |
General and administrative | 146,794 | 143,025 |
Total operating expenses | 190,866 | 212,450 |
Income (loss) from operation | (128,366) | (151,232) |
Oher income (expense) | ||
Loss on the extinguishment of convertible promissory notes | (1,551,768) | |
Interest expense | (28,500) | |
Other income (expense) | (155,319) | (40,290) |
Total other income (expense) | (1,707,087) | (68,790) |
Net loss from continuing operations | (1,835,453) | |
Net loss from discontinued operations | (27,700) | (2,968) |
Net income (loss) | $ (1,863,153) | $ (222,990) |
Weighted average number of shares outstanding | ||
Basic | 7,443,135,871 | 556,248,107 |
Diluted | 7,451,800,634 | 2,020,195,518 |
Net income (loss) per share from continuing operations | ||
Basic | $ 0 | $ 0 |
Diluted | 0 | 0 |
Net income (loss) per share from discontinued operations | ||
Basic | 0 | 0 |
Diluted | $ 0 | $ 0 |
License [Member] | ||
Revenues | ||
Total revenue | $ 62,500 | $ 62,500 |
Previously Reported [Member] | ||
Revenues | ||
Total revenue | 62,500 | |
Cost of goods sold | ||
Gross margin | 62,500 | |
Operating expenses | ||
Compensation expense | 43,934 | |
Sales and marketing | 138 | |
General and administrative | 146,794 | |
Total operating expenses | 190,866 | |
Income (loss) from operation | (128,366) | |
Oher income (expense) | ||
Loss on the extinguishment of convertible promissory notes | ||
Interest expense | ||
Other income (expense) | 110,854 | |
Total other income (expense) | 110,854 | |
Net loss from continuing operations | (17,512) | |
Net loss from discontinued operations | (27,700) | |
Net income (loss) | $ (45,212) | |
Weighted average number of shares outstanding | ||
Basic | 7,443,135,871 | |
Diluted | 7,451,800,634 | |
Net income (loss) per share from continuing operations | ||
Basic | $ 0 | |
Diluted | 0 | |
Net income (loss) per share from discontinued operations | ||
Basic | 0 | |
Diluted | $ 0 | |
Previously Reported [Member] | License [Member] | ||
Revenues | ||
Total revenue | $ 62,500 | |
Revision of Prior Period, Adjustment [Member] | ||
Revenues | ||
Total revenue | ||
Cost of goods sold | ||
Gross margin | ||
Operating expenses | ||
Compensation expense | ||
Sales and marketing | ||
General and administrative | ||
Total operating expenses | ||
Income (loss) from operation | ||
Oher income (expense) | ||
Loss on the extinguishment of convertible promissory notes | (1,551,768) | |
Interest expense | ||
Other income (expense) | (266,173) | |
Total other income (expense) | (1,817,941) | |
Net loss from continuing operations | (1,817,941) | |
Net loss from discontinued operations | ||
Net income (loss) | $ (1,817,941) | |
Weighted average number of shares outstanding | ||
Basic | ||
Diluted | ||
Net income (loss) per share from continuing operations | ||
Basic | $ 0 | |
Diluted | 0 | |
Net income (loss) per share from discontinued operations | ||
Basic | 0 | |
Diluted | $ 0 | |
Revision of Prior Period, Adjustment [Member] | License [Member] | ||
Revenues | ||
Total revenue |
SCHEDULE OF CONDENSED STATEMENT
SCHEDULE OF CONDENSED STATEMENTS OF CASH FLOWS (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Cash flows used in operating activities | |||
Net loss from continuing operations | $ (1,835,453) | $ (220,022) | $ (202,720) |
Net loss from discontinued operations | (27,700) | (2,968) | |
Adjustments to reconcile net loss to net cash used in operating activities | |||
Loss on the extinguishment of debt | 1,577,592 | ||
Changes in assets and liabilities | |||
Accounts receivable | (11,448) | 12,500 | |
Prepaids | (45,000) | 13,631 | |
Accounts payable and accrued expenses | 300,261 | (102,977) | |
Net cash used in operating activities | (41,748) | (299,836) | |
Cash flows used in investing activities | |||
Net cash used in investing activities | |||
Cash flows provided by financing activities | |||
Proceeds from the sale of common stock – private placement | 100,000 | ||
Proceeds from the sale of common stock - convertible note | 294,647 | ||
Proceeds from related party loans | 56,250 | ||
Net cash provided by financing activities | 156,250 | 294,647 | |
Net increase in cash | 114,502 | (5,190) | |
Cash, beginning of period | 193 | 11,557 | 11,557 |
Cash, end of period | 114,695 | 6,367 | 193 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest | 28,501 | ||
Cash paid for taxes | |||
Supplemental disclosure of non-cash information: | |||
Common stock issued in satisfaction of convertible notes payable | 128,346 | ||
Cancellation of shares issued in prior years | 29,737 | ||
Previously Reported [Member] | |||
Cash flows used in operating activities | |||
Net loss from continuing operations | (17,512) | ||
Net loss from discontinued operations | (27,700) | ||
Adjustments to reconcile net loss to net cash used in operating activities | |||
Loss on the extinguishment of debt | 25,824 | ||
Changes in assets and liabilities | |||
Accounts receivable | (11,448) | ||
Prepaids | (45,000) | ||
Accounts payable and accrued expenses | 34,088 | ||
Net cash used in operating activities | (41,748) | ||
Cash flows used in investing activities | |||
Net cash used in investing activities | |||
Cash flows provided by financing activities | |||
Proceeds from the sale of common stock – private placement | 100,000 | ||
Proceeds from the sale of common stock - convertible note | |||
Proceeds from related party loans | 56,250 | ||
Net cash provided by financing activities | 156,250 | ||
Net increase in cash | 114,502 | ||
Cash, beginning of period | 193 | ||
Cash, end of period | 114,695 | 193 | |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest | |||
Cash paid for taxes | |||
Supplemental disclosure of non-cash information: | |||
Common stock issued in satisfaction of convertible notes payable | 128,346 | ||
Cancellation of shares issued in prior years | 29,737 | ||
Revision of Prior Period, Adjustment [Member] | |||
Cash flows used in operating activities | |||
Net loss from continuing operations | (1,817,941) | ||
Net loss from discontinued operations | |||
Adjustments to reconcile net loss to net cash used in operating activities | |||
Loss on the extinguishment of debt | 1,551,768 | ||
Changes in assets and liabilities | |||
Accounts receivable | |||
Prepaids | |||
Accounts payable and accrued expenses | 266,173 | ||
Net cash used in operating activities | |||
Cash flows used in investing activities | |||
Net cash used in investing activities | |||
Cash flows provided by financing activities | |||
Proceeds from the sale of common stock – private placement | |||
Proceeds from related party loans | |||
Net cash provided by financing activities | |||
Net increase in cash | |||
Cash, beginning of period | |||
Cash, end of period | |||
Supplemental disclosure of cash flow information: | |||
Cash paid for interest | |||
Cash paid for taxes | |||
Supplemental disclosure of non-cash information: | |||
Common stock issued in satisfaction of convertible notes payable | |||
Cancellation of shares issued in prior years |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Accumulated deficit | $ 33,264,678 | $ 31,766,214 | |
Net income (loss) from continuing operations | $ 1,835,453 | $ 220,022 | $ 202,720 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Related Party Transaction [Line Items] | |||
Related party transaction, description | since January 1, 2021, or currently proposed transaction, in which our company was or is to be a participant and the amount involved exceeds $5,000 or one percent of our total assets at March 31, 2021 | ||
Revenue from related parties | $ 62,500 | ||
Net loss of discontinuted operations | 27,700 | $ 2,968 | |
Kenneth Tap [Member] | |||
Related Party Transaction [Line Items] | |||
Due to related parties | 169,925 | ||
Short-term interest free loans | 145,000 | ||
Vincent Tripp Keber [Member] | Consulting Services [Member] | |||
Related Party Transaction [Line Items] | |||
Due to related parties | $ 30,000 | ||
Technology Business Incubator License Agreements [Member] | |||
Related Party Transaction [Line Items] | |||
Related party transaction, description | We have Technology Business Incubator (TBI) license agreements with MjLink.com Inc., LikeRE.com Inc., HuntPost.com Inc., RacketStar.com Inc., FutPost.com Inc., GolfLynk.com Inc., CycleFans.com Inc., WEnRV.com Inc., RaceDY.com Inc., and SpaceZE.com Inc., which agreements provide that our TBI licensees pay us a license fee of 5% percentage of annual revenues generated, and 15% of their common stock, issuable immediately prior to a liquidity event such as an IPO or sale of 51% or more, of a licensee’s common stock. The 15% common stock payment is non-dilutive prior to a liquidity event described above. Our Chief Executive Office, Kenneth Tapp, owns less than 1% of our outstanding shares and is a board member of each of our TBI licensees. Ken Tapp owns less than 9.99% of the outstanding common stock in each of our licensees. | ||
Spin Off Agreement [Member] | Mj Linkcom Inc [Member] | |||
Related Party Transaction [Line Items] | |||
Number of common shares issued | 800,000 | ||
Outstanding shares percentage | 15.17% |
SCHEDULE OF OUTSTANDING STOCK W
SCHEDULE OF OUTSTANDING STOCK WARRANTS (Details) - $ / shares | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2020 | |
Stock Warrants | ||||||
Shares available to purchase with warrants, beginning balance | 9,064,853 | 9,094,853 | 9,094,853 | 9,094,853 | 9,094,853 | 9,094,853 |
Weighted Average Price, beginning balance | $ 0.07 | $ 0.07 | $ 0.07 | $ 0.07 | $ 0.07 | $ 0.07 |
Weighted Average Fair Value, beginning balance | ||||||
Shares available to purchase with warrants, Issued | ||||||
Weighted Average Price, Issued | ||||||
Weighted Average Fair Value, Issued | ||||||
Shares available to purchase with warrants, Exercised | 101,003 | 30,000 | ||||
Weighted Average Price, Exercised | ||||||
Weighted Average Fair Value, Exercised | ||||||
Shares available to purchase with warrants, Expired | ||||||
Weighted Average Price, Expired | ||||||
Weighted Average Fair Value, Expired | ||||||
Shares available to purchase with warrants, ending balance | 8,963,850 | 9,064,853 | 9,094,853 | 9,094,853 | 9,094,853 | 9,064,853 |
Weighted Average Price, ending balance | $ 0.07 | $ 0.07 | $ 0.07 | $ 0.07 | $ 0.07 | $ 0.07 |
Weighted Average Fair Value, ending balance | $ 0.31 | |||||
Shares available to purchase with warrants, Exercisable | 9,064,853 | 9,064,853 | ||||
Weighted Average Price, Exercisable | $ 0.07 | $ 0.07 | ||||
Weighted Average Fair Value, Exercisable |
SCHEDULE OF RANGE EXERCISE PRIC
SCHEDULE OF RANGE EXERCISE PRICES (Details) - Warrant [Member] | Mar. 31, 2021$ / sharesshares | Dec. 31, 2020$ / sharesshares |
Number Outstanding | shares | 8,963,850 | 9,064,853 |
Weighted Average Remaining Contractual Life | 1 year 10 months 2 days | |
Weighted Average Exercise Price | $ 0.07 | |
Minimum [Member] | ||
Weighted Average Remaining Contractual Life | 3 years | |
Maximum [Member] | ||
Weighted Average Remaining Contractual Life | 5 years | |
Measurement Input, Exercise Price [Member] | Minimum [Member] | ||
Warrants and rights outstanding, measurement input | 0 | 0 |
Measurement Input, Exercise Price [Member] | Maximum [Member] | ||
Warrants and rights outstanding, measurement input | 0.20 | 0.20 |
STOCK WARRANTS (Details Narrati
STOCK WARRANTS (Details Narrative) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Mar. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Sep. 30, 2020shares | Jun. 30, 2020shares | Mar. 31, 2020shares | Sep. 30, 2019shares | Sep. 30, 2020shares | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 31, 2019shares | |
Stock warrants granted during period | shares | |||||||||
Number of warrants exchanged for common stock | shares | 412,000 | ||||||||
Loss Contingency, Allegations | In the $5,000,000 Complaint, the Company filed against a Convertible Lender as referenced below under Part II, Item 1, the Company alleges, among other things, that the warrants exercised by the Lender were unconscionable since it provided the defendants with $1,000,000 worth of our common stock and violated the doctrine of unconscionability under Nevada and Florida law, and on that basis, requested that the Court declare the transaction documents void and unenforceable. | ||||||||
Loss Contingency, Value | $ | $ 1,000,000 | ||||||||
Warrant [Member] | |||||||||
Stock warrants granted during period | shares | 17,894,873 | ||||||||
Warrants description | Each warrant entitles the holder to one Social Life Network common stock share at an exercise price ranging from five to twenty cents, with a weighted average price of seven cents. | ||||||||
Warrants term | 1 year 10 months 2 days | ||||||||
Warrants exercisable date | Apr. 11, 2024 | ||||||||
Number of warrants vested | shares | 300,000 | 17,894,873 | 8,800,020 | ||||||
Number of warrants exchanged for common stock | shares | 4,400,010 | ||||||||
Outstanding warrants | shares | 8,963,850 | 9,064,853 | 9,064,853 | ||||||
Fair value of warrants outstanding | $ | $ 2,238,800 | $ 2,238,800 | |||||||
Warrant [Member] | Minimum [Member] | |||||||||
Warrants term | 3 years | ||||||||
Warrant [Member] | Minimum [Member] | Measurement Input, Exercise Price [Member] | |||||||||
Warrants and rights outstanding, measurement input | 0 | 0 | 0 | ||||||
Warrant [Member] | Minimum [Member] | Measurement Input Stock Price [Member] | |||||||||
Warrants and rights outstanding, measurement input | 0.0001 | 0.0001 | |||||||
Warrant [Member] | Minimum [Member] | Measurement Input Risk Free Rate [Member] | |||||||||
Warrants and rights outstanding, measurement input | 0.07 | 0.07 | |||||||
Warrant [Member] | Minimum [Member] | Measurement Input, Price Volatility [Member] | |||||||||
Warrants and rights outstanding, measurement input | 391 | 391 | |||||||
Warrant [Member] | Minimum [Member] | Measurement Input, Expected Term [Member] | |||||||||
Warrants term | 3 years | 3 years | |||||||
Warrant [Member] | Maximum [Member] | |||||||||
Warrants term | 5 years | ||||||||
Warrant [Member] | Maximum [Member] | Measurement Input, Exercise Price [Member] | |||||||||
Warrants and rights outstanding, measurement input | 0.20 | 0.20 | 0.20 | ||||||
Warrant [Member] | Maximum [Member] | Measurement Input Stock Price [Member] | |||||||||
Warrants and rights outstanding, measurement input | 0.38 | 0.38 | |||||||
Warrant [Member] | Maximum [Member] | Measurement Input Risk Free Rate [Member] | |||||||||
Warrants and rights outstanding, measurement input | 1.60 | 1.60 | |||||||
Warrant [Member] | Maximum [Member] | Measurement Input, Price Volatility [Member] | |||||||||
Warrants and rights outstanding, measurement input | 562 | 562 | |||||||
Warrant [Member] | Maximum [Member] | Measurement Input, Expected Term [Member] | |||||||||
Warrants term | 5 years | 5 years | |||||||
Warrant [Member] | Advisors and Employees [Member] | |||||||||
Stock warrants granted during period | shares | 0 | 0 | 1,594,853 |
SUMMARY OF CONVERTIBLE NOTES PA
SUMMARY OF CONVERTIBLE NOTES PAYABLE (Details) | Aug. 20, 2020USD ($) | Feb. 02, 2020USD ($) | Jan. 28, 2020USD ($) | Dec. 19, 2019$ / sharesshares | Nov. 14, 2019USD ($) | Aug. 21, 2019Days | Aug. 07, 2019USD ($)Days$ / shares | Jun. 26, 2019USD ($)Days$ / shares | Jun. 12, 2019USD ($)Days | Apr. 15, 2019$ / shares | Mar. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2020Days$ / shares | ||
Short-term Debt [Line Items] | ||||||||||||||
Average Conversion Price | $ / shares | $ 0.0001 | |||||||||||||
Total notes payable | ||||||||||||||
Convertible Note Payable One [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [1] | Apr. 15, 2019 | ||||||||||||
Maturity Date | Nov. 14, 2019 | Nov. 14, 2019 | [1] | |||||||||||
Interest Rate | [1] | 7.00% | ||||||||||||
Original Borrowing | [1] | $ 100,000 | ||||||||||||
Average Conversion Price | $ / shares | $ 0.15 | $ 0 | [1] | |||||||||||
Number of Shares Converted | shares | [1] | 810,911,013 | ||||||||||||
Total notes payable | [1] | |||||||||||||
Debt interest expense | $ 7,700 | |||||||||||||
Convertible Note Payable Two [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [2] | Apr. 15, 2019 | ||||||||||||
Maturity Date | Jun. 26, 2019 | Apr. 14, 2022 | [2] | |||||||||||
Interest Rate | 10.00% | 10.00% | [2] | |||||||||||
Original Borrowing | $ 105,000 | $ 67,500 | [2] | |||||||||||
Average Conversion Price | $ / shares | [2] | $ 0 | ||||||||||||
Number of Shares Converted | shares | [2] | 117,869,569 | ||||||||||||
Total notes payable | [2] | |||||||||||||
Convertible Note Payable Three [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [3] | May 24, 2019 | ||||||||||||
Maturity Date | Dec. 23, 2019 | [3] | Jan. 25, 2021 | |||||||||||
Interest Rate | [3] | 10.00% | ||||||||||||
Original Borrowing | $ 184,800 | $ 80,000 | [3] | |||||||||||
Average Conversion Price | $ / shares | $ 0.00004 | [3] | $ 0.08 | |||||||||||
Number of Shares Converted | shares | [3] | 2,098,755,638 | ||||||||||||
Total notes payable | [3] | |||||||||||||
Debt interest expense | $ 16,800 | |||||||||||||
Number of trading days | Days | 20 | |||||||||||||
Convertible Note Payable Four [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [3] | Jul. 3, 2019 | ||||||||||||
Maturity Date | [3] | Feb. 2, 2020 | ||||||||||||
Interest Rate | [3] | 10.00% | ||||||||||||
Original Borrowing | [3] | $ 160,000 | ||||||||||||
Average Conversion Price | $ / shares | [3] | $ 0.0003 | ||||||||||||
Number of Shares Converted | shares | [3] | 1,146,297,040 | ||||||||||||
Total notes payable | [3] | |||||||||||||
Convertible Note Payable Five [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [4] | Jun. 12, 2019 | ||||||||||||
Maturity Date | [4] | Jun. 11, 2020 | ||||||||||||
Interest Rate | [4] | 12.00% | ||||||||||||
Original Borrowing | [4] | $ 110,000 | ||||||||||||
Average Conversion Price | $ / shares | $ 0.035 | $ 0.0019 | [4] | |||||||||||
Number of Shares Converted | shares | 495,472,078 | 691,151,660 | [4] | |||||||||||
Total notes payable | [4] | |||||||||||||
Debt interest expense | $ 14,250 | |||||||||||||
Number of trading days | Days | 20 | |||||||||||||
Convertible Note Payable Six [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [5] | Jun. 26, 2019 | ||||||||||||
Maturity Date | Mar. 25, 2020 | Mar. 25, 2020 | [5] | |||||||||||
Interest Rate | [5] | 12.00% | ||||||||||||
Original Borrowing | [5] | $ 135,000 | ||||||||||||
Average Conversion Price | $ / shares | $ 0.08 | $ 0.00004 | [5] | |||||||||||
Number of Shares Converted | shares | [5] | 514,781,219 | ||||||||||||
Total notes payable | [5] | |||||||||||||
Debt interest expense | $ 18,000 | |||||||||||||
Number of trading days | Days | 20 | |||||||||||||
Convertible Note Payable Seven [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [6] | Aug. 7, 2019 | ||||||||||||
Maturity Date | Aug. 6, 2020 | Aug. 6, 2020 | [6] | |||||||||||
Interest Rate | [6] | 10.00% | ||||||||||||
Original Borrowing | [6] | $ 100,000 | ||||||||||||
Average Conversion Price | $ / shares | $ 0.08 | $ 0.0007 | [6] | |||||||||||
Number of Shares Converted | shares | [6] | 158,429,766 | ||||||||||||
Total notes payable | [6] | |||||||||||||
Debt interest expense | $ 11,000 | |||||||||||||
Number of trading days | Days | 20 | |||||||||||||
Convertible Note Payable Eight [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [7] | Aug. 21, 2019 | ||||||||||||
Maturity Date | Aug. 20, 2020 | Aug. 20, 2020 | [7] | |||||||||||
Interest Rate | [7] | 10.00% | ||||||||||||
Original Borrowing | $ 60,500 | $ 148,500 | [7] | |||||||||||
Average Conversion Price | $ / shares | [7] | $ 0.0001 | ||||||||||||
Number of Shares Converted | shares | [7] | 431,824,675 | ||||||||||||
Total notes payable | [7] | |||||||||||||
Debt interest expense | $ 5,500 | |||||||||||||
Number of trading days | Days | 20 | |||||||||||||
Convertible Note Payable Nine [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Funding Date | [8] | Jan. 28, 2020 | ||||||||||||
Maturity Date | [8] | Jan. 27, 2021 | ||||||||||||
Interest Rate | [8] | 10.00% | ||||||||||||
Original Borrowing | $ 69,300 | $ 63,000 | [8] | |||||||||||
Average Conversion Price | $ / shares | [8] | $ 0.0001 | ||||||||||||
Number of Shares Converted | shares | [8] | 1,102,499,999 | ||||||||||||
Total notes payable | [8] | |||||||||||||
Debt interest expense | $ 6,300 | |||||||||||||
[1] | On April 15, 2019, we completed a 7 100,000 117,700 10,000 7,700 150,000 102,176 412,500 301,412,500 0.15 13,333 0.17 November 14, 2019 | |||||||||||||
[2] | On April 15, 2019, we completed convertible debenture at zero interest and other related documents with an unaffiliated third-party funding group to generate $ 375,000 67,500 90,000 180,000 75,000 100,000 200,000 300,000 20,192,307 10 36 10 67,500 67,500 10 7,500 7,500 30,000 105,000 June 26, 2019 | |||||||||||||
[3] | On May 24, 2019, we completed a 7 240,000 80,000 80,000 4,000 84,000 252,000 80,000 160,000 184,800 8,000 16,800 50,000 25,000 8,000,000 0.08 65 20 130,633 0.12 January 25, 2021 | |||||||||||||
[4] | On June 12, 2019, we completed a 12 110,000 135,250 11,000 14,250 14,400,000 35 20 10,000 495,472,078 0.035 59,231 0.11 | |||||||||||||
[5] | On June 26, 2019, we completed a 9 135,000 March 25, 2020 168,000 15,000 18,000 100,000 15,000,000 1 0.08 65 20 72,692 0.11 | |||||||||||||
[6] | On August 7, 2019, we completed a 12 100,000 August 6, 2020 121,000 10,000 11,000 100,000 677,973,124 105,769,231 0.08 65 20 73,750 0.09 | |||||||||||||
[7] | On August 21, 2019, we completed a 12 148,500 49,500 49,500 49,500 5,500 55,000 165,000 49,500 August 20, 2020 60,500 5,500 5,500 50,000 50,000 150,000 80,000,000 2 35 20 26,654 0.07 | |||||||||||||
[8] | On January 28, 2020, we completed a 12 925,000 63,000 69,300 6,300 41,331,475 1 39 40,279 0.01 |
SUMMARY OF CONVERTIBLE NOTES _2
SUMMARY OF CONVERTIBLE NOTES PAYABLE (Details) (Parenthetical) | Aug. 20, 2020USD ($) | Feb. 02, 2020USD ($) | Jan. 28, 2020USD ($)$ / sharesshares | Dec. 19, 2019USD ($)$ / sharesshares | Nov. 14, 2019USD ($) | Oct. 15, 2019shares | Aug. 21, 2019USD ($)Days$ / sharesshares | Aug. 07, 2019USD ($)$ / shares | Aug. 07, 2019USD ($)Days$ / sharesshares | Jun. 26, 2019USD ($)$ / shares | Jun. 26, 2019USD ($)Days$ / sharesshares | Jun. 12, 2019USD ($)Days$ / sharesshares | May 24, 2019USD ($) | Apr. 15, 2019USD ($)$ / sharesshares | Mar. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2020USD ($)Days$ / sharesshares | Dec. 31, 2019USD ($) | Dec. 23, 2019USD ($) | ||
Conversion price per share | $ / shares | $ 0.0001 | |||||||||||||||||||
Convertible Note Payable One [Member] | ||||||||||||||||||||
Debt term | 7 months | |||||||||||||||||||
Convertible notes payable net of original issue discount | $ 100,000 | |||||||||||||||||||
Repayment of debt | $ 117,700 | |||||||||||||||||||
Original issue discount | 10,000 | |||||||||||||||||||
Debt interest expense | $ 7,700 | |||||||||||||||||||
Number of stock issued during period, shares | shares | 102,176 | 150,000 | ||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 301,412,500 | |||||||||||||||||||
Conversion price per share | $ / shares | $ 0.15 | $ 0 | [1] | |||||||||||||||||
Beneficial conversion feature discount | $ 13,333 | |||||||||||||||||||
Stock price | $ / shares | $ 0.17 | |||||||||||||||||||
Maturity date | Nov. 14, 2019 | Nov. 14, 2019 | [1] | |||||||||||||||||
Debt instrument interest rate | [1] | 7.00% | ||||||||||||||||||
Original Borrowing | [1] | $ 100,000 | ||||||||||||||||||
Debt converted into shares | shares | [1] | 810,911,013 | ||||||||||||||||||
Convertible Note Payable One [Member] | Common Stock Warrants [Member] | ||||||||||||||||||||
Number of stock issued during period, shares | shares | 412,500 | |||||||||||||||||||
Convertible Note Payable Two [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | $ 375,000 | |||||||||||||||||||
Original issue discount | $ 7,500 | $ 7,500 | ||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 20,192,307 | |||||||||||||||||||
Conversion price per share | $ / shares | [2] | $ 0 | ||||||||||||||||||
Maturity date | Jun. 26, 2019 | Apr. 14, 2022 | [2] | |||||||||||||||||
Debt instrument interest rate | 10.00% | 10.00% | [2] | |||||||||||||||||
Payback provision period | 36 months | |||||||||||||||||||
Discount rate | 10.00% | |||||||||||||||||||
Debt instrument redemption amount | 7,500 | 7,500 | ||||||||||||||||||
Debt instrument, other administrative fees | 30,000 | |||||||||||||||||||
Original Borrowing | 105,000 | $ 105,000 | $ 67,500 | [2] | ||||||||||||||||
Debt converted into shares | shares | [2] | 117,869,569 | ||||||||||||||||||
Convertible Note Payable Two [Member] | Tranche One [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | $ 67,500 | |||||||||||||||||||
Repayment of debt | $ 67,500 | |||||||||||||||||||
Additional available cash resources with payback provision | 75,000 | |||||||||||||||||||
Redemption fee percentage | 10.00% | |||||||||||||||||||
Convertible Note Payable Two [Member] | Tranche Two [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | 90,000 | |||||||||||||||||||
Additional available cash resources with payback provision | 100,000 | |||||||||||||||||||
Convertible Note Payable Two [Member] | Tranche Three [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | 180,000 | |||||||||||||||||||
Additional available cash resources with payback provision | $ 200,000 | |||||||||||||||||||
Convertible Note Payable Two [Member] | Common Stock Warrants [Member] | ||||||||||||||||||||
Number of stock issued during period, shares | shares | 300,000 | |||||||||||||||||||
Convertible Note Payable Three [Member] | ||||||||||||||||||||
Debt term | 7 months | |||||||||||||||||||
Convertible notes payable net of original issue discount | $ 252,000 | $ 160,000 | ||||||||||||||||||
Original issue discount | $ 8,000 | 4,000 | ||||||||||||||||||
Debt interest expense | 16,800 | |||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 8,000,000 | |||||||||||||||||||
Conversion price per share | $ / shares | $ 0.00004 | [3] | $ 0.08 | |||||||||||||||||
Beneficial conversion feature discount | $ 130,633 | |||||||||||||||||||
Stock price | $ / shares | $ 0.12 | |||||||||||||||||||
Maturity date | Dec. 23, 2019 | [3] | Jan. 25, 2021 | |||||||||||||||||
Debt instrument interest rate | [3] | 10.00% | ||||||||||||||||||
Original Borrowing | $ 184,800 | $ 80,000 | [3] | |||||||||||||||||
Conversion price percentage | 65.00% | |||||||||||||||||||
Number of trading days | Days | 20 | |||||||||||||||||||
Debt converted into shares | shares | [3] | 2,098,755,638 | ||||||||||||||||||
Convertible Note Payable Three [Member] | Tranche One [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | 80,000 | |||||||||||||||||||
Convertible Note Payable Three [Member] | Tranche Two [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | 80,000 | |||||||||||||||||||
Convertible Note Payable Three [Member] | Tranche Three [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | 84,000 | $ 80,000 | ||||||||||||||||||
Convertible Note Payable Three [Member] | Three Tranches [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | $ 240,000 | |||||||||||||||||||
Convertible Note Payable Three [Member] | Two Tranches [Member] | ||||||||||||||||||||
Number of stock issued during period, shares | shares | 50,000 | |||||||||||||||||||
Convertible Note Payable Three [Member] | Third Tranche [Member] | ||||||||||||||||||||
Number of stock issued during period, shares | shares | 25,000 | |||||||||||||||||||
Convertible Note Payable Five [Member] | ||||||||||||||||||||
Debt term | 12 months | |||||||||||||||||||
Convertible notes payable net of original issue discount | $ 110,000 | |||||||||||||||||||
Original issue discount | 11,000 | |||||||||||||||||||
Debt interest expense | $ 14,250 | |||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 14,400,000 | |||||||||||||||||||
Conversion price per share | $ / shares | $ 0.035 | $ 0.0019 | [4] | |||||||||||||||||
Beneficial conversion feature discount | $ 59,231 | |||||||||||||||||||
Stock price | $ / shares | $ 0.11 | |||||||||||||||||||
Maturity date | [4] | Jun. 11, 2020 | ||||||||||||||||||
Additional available cash resources with payback provision | $ 135,250 | |||||||||||||||||||
Debt instrument interest rate | [4] | 12.00% | ||||||||||||||||||
Original Borrowing | [4] | $ 110,000 | ||||||||||||||||||
Conversion price percentage | 35.00% | |||||||||||||||||||
Number of trading days | Days | 20 | |||||||||||||||||||
Debt converted into shares, value | $ 10,000 | |||||||||||||||||||
Debt converted into shares | shares | 495,472,078 | 691,151,660 | [4] | |||||||||||||||||
Convertible Note Payable Six [Member] | ||||||||||||||||||||
Debt term | 9 months | |||||||||||||||||||
Convertible notes payable net of original issue discount | $ 135,000 | $ 135,000 | ||||||||||||||||||
Original issue discount | $ 15,000 | 15,000 | ||||||||||||||||||
Debt interest expense | $ 18,000 | |||||||||||||||||||
Number of stock issued during period, shares | shares | 100,000 | |||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 15,000,000 | |||||||||||||||||||
Conversion price per share | $ / shares | $ 0.08 | $ 0.08 | $ 0.00004 | [5] | ||||||||||||||||
Beneficial conversion feature discount | $ 72,692 | |||||||||||||||||||
Stock price | $ / shares | $ 0.11 | $ 0.11 | ||||||||||||||||||
Maturity date | Mar. 25, 2020 | Mar. 25, 2020 | [5] | |||||||||||||||||
Additional available cash resources with payback provision | $ 168,000 | |||||||||||||||||||
Debt instrument interest rate | [5] | 12.00% | ||||||||||||||||||
Original Borrowing | [5] | $ 135,000 | ||||||||||||||||||
Conversion price percentage | 65.00% | |||||||||||||||||||
Number of trading days | Days | 20 | |||||||||||||||||||
Debt converted into shares | shares | [5] | 514,781,219 | ||||||||||||||||||
Convertible Note Payable Six [Member] | Maximum [Member] | ||||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 1,000,000,000 | |||||||||||||||||||
Convertible Note Payable Eight [Member] | ||||||||||||||||||||
Debt term | 12 months | 12 months | ||||||||||||||||||
Convertible notes payable net of original issue discount | $ 148,500 | |||||||||||||||||||
Original issue discount | $ 5,500 | $ 5,500 | $ 55,000 | |||||||||||||||||
Debt interest expense | 5,500 | |||||||||||||||||||
Number of stock issued during period, shares | shares | 150,000 | |||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 80,000,000 | |||||||||||||||||||
Conversion price per share | $ / shares | [6] | $ 0.0001 | ||||||||||||||||||
Beneficial conversion feature discount | $ 26,654 | |||||||||||||||||||
Stock price | $ / shares | $ 0.07 | |||||||||||||||||||
Maturity date | Aug. 20, 2020 | Aug. 20, 2020 | [6] | |||||||||||||||||
Additional available cash resources with payback provision | $ 49,500 | |||||||||||||||||||
Debt instrument interest rate | [6] | 10.00% | ||||||||||||||||||
Original Borrowing | $ 60,500 | $ 148,500 | [6] | |||||||||||||||||
Conversion price percentage | 35.00% | |||||||||||||||||||
Number of trading days | Days | 20 | |||||||||||||||||||
Debt converted into shares | shares | [6] | 431,824,675 | ||||||||||||||||||
Convertible Note Payable Eight [Member] | Maximum [Member] | ||||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 2,000,000,000 | |||||||||||||||||||
Convertible Note Payable Eight [Member] | Tranche One [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | $ 49,500 | |||||||||||||||||||
Number of stock issued during period, shares | shares | 50,000 | |||||||||||||||||||
Convertible Note Payable Eight [Member] | Tranche Two [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | $ 49,500 | |||||||||||||||||||
Number of stock issued during period, shares | shares | 50,000 | |||||||||||||||||||
Convertible Note Payable Eight [Member] | Tranche Three [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | $ 49,500 | |||||||||||||||||||
Convertible Note Payable Eight [Member] | Three Tranches [Member] | ||||||||||||||||||||
Additional available cash resources with payback provision | $ 165,000 | |||||||||||||||||||
Convertible Note Payable Seven [Member] | ||||||||||||||||||||
Convertible notes payable net of original issue discount | $ 100,000 | $ 100,000 | ||||||||||||||||||
Original issue discount | $ 10,000 | 10,000 | ||||||||||||||||||
Debt interest expense | $ 11,000 | |||||||||||||||||||
Number of stock issued during period, shares | shares | 100,000 | |||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 677,973,124 | |||||||||||||||||||
Conversion price per share | $ / shares | $ 0.08 | $ 0.08 | $ 0.0007 | [7] | ||||||||||||||||
Beneficial conversion feature discount | $ 73,750 | |||||||||||||||||||
Stock price | $ / shares | $ 0.09 | $ 0.09 | ||||||||||||||||||
Maturity date | Aug. 6, 2020 | Aug. 6, 2020 | [7] | |||||||||||||||||
Additional available cash resources with payback provision | $ 121,000 | |||||||||||||||||||
Debt instrument interest rate | [7] | 10.00% | ||||||||||||||||||
Original Borrowing | [7] | $ 100,000 | ||||||||||||||||||
Conversion price percentage | 65.00% | |||||||||||||||||||
Number of trading days | Days | 20 | |||||||||||||||||||
Debt converted into shares | shares | [7] | 158,429,766 | ||||||||||||||||||
Convertible Note Payable Seven [Member] | Maximum [Member] | ||||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 105,769,231 | |||||||||||||||||||
Convertible Note Payable Nine [Member] | ||||||||||||||||||||
Debt term | 12 years | |||||||||||||||||||
Convertible notes payable net of original issue discount | $ 925,000 | |||||||||||||||||||
Debt interest expense | $ 6,300 | |||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 41,331,475 | |||||||||||||||||||
Conversion price per share | $ / shares | [8] | $ 0.0001 | ||||||||||||||||||
Beneficial conversion feature discount | $ 40,279 | |||||||||||||||||||
Stock price | $ / shares | $ 0.01 | |||||||||||||||||||
Maturity date | [8] | Jan. 27, 2021 | ||||||||||||||||||
Additional available cash resources with payback provision | $ 63,000 | |||||||||||||||||||
Debt instrument interest rate | [8] | 10.00% | ||||||||||||||||||
Original Borrowing | $ 69,300 | $ 63,000 | [8] | |||||||||||||||||
Conversion price percentage | 39.00% | |||||||||||||||||||
Debt converted into shares | shares | [8] | 1,102,499,999 | ||||||||||||||||||
Convertible Note Payable Nine [Member] | Maximum [Member] | ||||||||||||||||||||
Number of restricted common shares reserved for conversion | shares | 1,000,000,000 | |||||||||||||||||||
[1] | On April 15, 2019, we completed a 7 100,000 117,700 10,000 7,700 150,000 102,176 412,500 301,412,500 0.15 13,333 0.17 November 14, 2019 | |||||||||||||||||||
[2] | On April 15, 2019, we completed convertible debenture at zero interest and other related documents with an unaffiliated third-party funding group to generate $ 375,000 67,500 90,000 180,000 75,000 100,000 200,000 300,000 20,192,307 10 36 10 67,500 67,500 10 7,500 7,500 30,000 105,000 June 26, 2019 | |||||||||||||||||||
[3] | On May 24, 2019, we completed a 7 240,000 80,000 80,000 4,000 84,000 252,000 80,000 160,000 184,800 8,000 16,800 50,000 25,000 8,000,000 0.08 65 20 130,633 0.12 January 25, 2021 | |||||||||||||||||||
[4] | On June 12, 2019, we completed a 12 110,000 135,250 11,000 14,250 14,400,000 35 20 10,000 495,472,078 0.035 59,231 0.11 | |||||||||||||||||||
[5] | On June 26, 2019, we completed a 9 135,000 March 25, 2020 168,000 15,000 18,000 100,000 15,000,000 1 0.08 65 20 72,692 0.11 | |||||||||||||||||||
[6] | On August 21, 2019, we completed a 12 148,500 49,500 49,500 49,500 5,500 55,000 165,000 49,500 August 20, 2020 60,500 5,500 5,500 50,000 50,000 150,000 80,000,000 2 35 20 26,654 0.07 | |||||||||||||||||||
[7] | On August 7, 2019, we completed a 12 100,000 August 6, 2020 121,000 10,000 11,000 100,000 677,973,124 105,769,231 0.08 65 20 73,750 0.09 | |||||||||||||||||||
[8] | On January 28, 2020, we completed a 12 925,000 63,000 69,300 6,300 41,331,475 1 39 40,279 0.01 |
COMMON STOCK AND CONVERTIBLE _3
COMMON STOCK AND CONVERTIBLE DEBT (Details Narrative) - USD ($) | Mar. 28, 2021 | Jun. 10, 2020 | Apr. 21, 2020 | Mar. 04, 2020 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Feb. 28, 2021 | Dec. 31, 2019 | Feb. 29, 2020 | Mar. 12, 2021 | May 08, 2020 | May 07, 2020 | Mar. 03, 2020 |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Conversion price per share | $ 0.0001 | |||||||||||||||
Common stock, shares authorized | 2,500,000,000 | 10,000,000,000 | 10,000,000,000 | 10,000,000,000 | 2,500,000,000 | 500,000,000 | ||||||||||
Preferred stock, shares authorized | 300,000,000 | 100,000,000 | ||||||||||||||
Reverse stock split, description | Additionally, the Amended Articles authorized us from May 8, 2020 and continuing until March 31, 2021, as determined by our Board in its sole discretion, to effect a Reverse Stock Split of not less than 1 share for every 5,000 shares and no more than 1 share for every 25,000 shares (the “Reverse Stock Split”). | |||||||||||||||
Due from related party | $ 364,688 | |||||||||||||||
Payroll Protection Program [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Forgivable loan | $ 125,700 | $ 37,411 | ||||||||||||||
Rent expenses | $ 8,590 | $ 5,699 | ||||||||||||||
Common Class A [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Common stock, shares authorized | 2,500,000,000 | 10,000,000,000 | ||||||||||||||
Reverse stock split, description | Additionally, the Amended Articles authorized the Company from May 8, 2020 and continuing until March 31, 2021, as determined by the Company’s Board of Directors in its sole discretion, to effect a Reverse Stock Split of not less than 1 share for every 5,000 shares and no more than 1 share for every 25,000 shares. | |||||||||||||||
Common Class B [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Number of shares issued for services | 75,000,000 | |||||||||||||||
Common stock, shares authorized | 400,000,000 | |||||||||||||||
Three Professionals [Member] | Common Class A [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Number of shares issued for services | 2,200,000 | |||||||||||||||
Shares issued price per share | $ 0.10 | |||||||||||||||
Non-cash expense | $ 220,000 | |||||||||||||||
Accredited Investors [Member] | Common Class A [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Number of shares issued for services | 3,550,000 | |||||||||||||||
Shares issued price per share | $ 0.10 | |||||||||||||||
Non-cash expense | $ 355,000 | |||||||||||||||
Single Lender [Member] | Common Class A [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Number of shares issued for services | 102,176 | |||||||||||||||
Shares issued price per share | $ 0 | |||||||||||||||
One Lender [Member] | Common Class A [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Debt conversion shares issued | 284,373 | |||||||||||||||
Conversion price per share | $ 0.04 | |||||||||||||||
Debt conversion shares issued, value | $ 10,000 | |||||||||||||||
Several Lenders [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Debt conversion shares issued | 709,449,528 | 2,619,030,182 | 2,125,389,202 | 774,546,579 | ||||||||||||
Conversion price per share | $ 0.00038 | $ 0.00082 | $ 0.00005 | $ 0.00060 | ||||||||||||
Debt conversion shares issued, value | $ 267,173 | $ 133,902 | $ 111,977 | $ 44,693 | ||||||||||||
Several Lenders [Member] | Common Class A [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Debt conversion shares issued | 415,479,876 | |||||||||||||||
Conversion price per share | $ 0.00140 | |||||||||||||||
Debt conversion shares issued, value | $ 232,257 | |||||||||||||||
Kenneth Tap [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Short-term interest free loans, value | 84,197 | |||||||||||||||
Liquidity | $ 169,925 | |||||||||||||||
Kenneth Tap [Member] | Common Class B [Member] | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||
Number of shares issued for services | 50,000,000 | 25,000,000 | 7,500,000,000 | 5,000,000,000 | 2,500,000,000 |
SCHEDULE OF DISCONTINUED OPERAT
SCHEDULE OF DISCONTINUED OPERATIONS (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Discontinued Operations and Disposal Groups [Abstract] | ||
Operating loss | $ (27,700) | $ (2,968) |
Income(loss) before provision for income taxes | (27,700) | (2,968) |
Provision for income taxes | ||
Net income (loss) | $ (27,700) | $ (2,968) |
DISCONTINUED OPERATIONS (Detail
DISCONTINUED OPERATIONS (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||
Net loss of discontinuted operations | $ 27,700 | $ 2,968 |
Spin Off Agreement [Member] | ||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||
Number of stock issued | 800,000 | |
Percentage of shares issued | 15.17% |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | Apr. 19, 2021 | Apr. 09, 2021 | Apr. 07, 2021 | Mar. 31, 2021 |
Kenneth Tap [Member] | ||||
Subsequent Event [Line Items] | ||||
Short-term interest free loans, value | $ 84,197 | |||
Liquidity | $ 169,925 | |||
Subsequent Event [Member] | Convertible Debt Funder [Member] | ||||
Subsequent Event [Line Items] | ||||
Contingencies value | 5,000,000 | |||
Subsequent Event [Member] | Convertible Debt Funder One [Member] | ||||
Subsequent Event [Line Items] | ||||
Contingencies value | 40,000,000 | |||
Subsequent Event [Member] | L V C Consulting [Member] | ||||
Subsequent Event [Line Items] | ||||
Common shares return, shares | 29,736,667 | |||
Common shares return, value | $ 30,000,000 |