Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2023 | Aug. 21, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2023 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-55961 | |
Entity Registrant Name | Decentral Life, Inc. | |
Entity Central Index Key | 0001281984 | |
Entity Tax Identification Number | 46-0495298 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 6400 S. Fiddlers Green Circle | |
Entity Address, Address Line Two | Suite 1180 | |
Entity Address, City or Town | Greenwood Village | |
Entity Address, State or Province | CO | |
Entity Address, Postal Zip Code | 80111 | |
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 | 7,394,792,892 |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Current Assets: | ||
Cash | $ 31,338 | $ 199,310 |
Accounts receivable – related party | 592,488 | 628,238 |
Security deposits | 18,118 | 18,118 |
Total current assets | 641,944 | 845,666 |
Total Assets | 641,944 | 845,666 |
Current Liabilities: | ||
Accounts payable and accrued liabilities | 720 | |
Loans payable – related party | 129,673 | |
Total current liabilities | 130,393 | |
EIDL loan | 119,300 | 121,700 |
Total Liabilities | 119,300 | 252,093 |
Stockholders’ Equity (Deficit): | ||
Common Stock par value $0.001 10,000,000,000 shares authorized, 7,394,792,892 and 7,394,792,892 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively | 7,394,793 | 7,394,793 |
Additional paid in capital | 25,992,306 | 25,992,306 |
Accumulated deficit | (32,864,455) | (32,793,526) |
Total Stockholders’ Equity (Deficit) | 522,644 | 593,573 |
Total Liabilities and Stockholders’ Equity | $ 641,944 | $ 845,666 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2023 | Dec. 31, 2022 |
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 |
Common stock, shares issued | 7,394,792,892 | 7,394,792,892 |
Common stock, shares outstanding | 7,394,792,892 | 7,394,792,892 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues | ||||
Licensing and software revenue – related party | $ 173,188 | $ 140,000 | $ 315,963 | $ 140,000 |
Total revenue | 173,188 | 140,000 | 315,963 | 140,000 |
Cost of goods sold | 28,038 | 44,215 | ||
Gross margin | 145,149 | 140,000 | 271,748 | 140,000 |
Operating expenses | ||||
Sales and marketing | 31,040 | 2,140 | 41,421 | 4,956 |
General and administrative | 131,836 | 73,490 | 301,272 | 120,972 |
Total operating expenses | 162,876 | 75,630 | 342,693 | 125,929 |
Loss from operations | (17,727) | 64,370 | (70,945) | 14,071 |
Oher income (expense) | ||||
Other income (expense) | 6 | (5,126) | 16 | (5,126) |
Total other income (expense) | 6 | (5,126) | 16 | (5,126) |
Net income (loss) | $ (17,721) | $ 59,244 | $ (70,929) | $ 8,946 |
Net income (loss) per share | ||||
Basic | $ 0 | $ 0 | $ 0 | $ 0 |
Diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of shares outstanding | ||||
Basic | 7,675,367,567 | 7,675,367,567 | 7,675,367,567 | 7,675,367,567 |
Diluted | 7,675,367,567 | 7,675,367,567 | 7,675,367,567 | 7,675,367,567 |
Statements of Stockholders Equi
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, value at Dec. 31, 2021 | $ 7,675,368 | $ 25,711,731 | $ (33,520,912) | $ (133,813) | |
Balance, shares at Dec. 31, 2021 | 75,000,000 | 7,675,367,567 | |||
Net loss | (50,299) | (50,299) | |||
Balance, value at Mar. 31, 2022 | $ 7,675,368 | 25,711,731 | (33,571,211) | (184,111) | |
Balance, shares at Mar. 31, 2022 | 75,000,000 | 7,675,367,567 | |||
Balance, value at Dec. 31, 2021 | $ 7,675,368 | 25,711,731 | (33,520,912) | (133,813) | |
Balance, shares at Dec. 31, 2021 | 75,000,000 | 7,675,367,567 | |||
Net loss | 8,946 | ||||
Balance, value at Jun. 30, 2022 | $ 7,675,368 | 25,711,731 | (33,511,966) | (124,867) | |
Balance, shares at Jun. 30, 2022 | 150,000,000 | 7,675,367,567 | |||
Balance, value at Mar. 31, 2022 | $ 7,675,368 | 25,711,731 | (33,571,211) | (184,111) | |
Balance, shares at Mar. 31, 2022 | 75,000,000 | 7,675,367,567 | |||
Net loss | 59,244 | 59,244 | |||
Balance, value at Jun. 30, 2022 | $ 7,675,368 | 25,711,731 | (33,511,966) | (124,867) | |
Balance, shares at Jun. 30, 2022 | 150,000,000 | 7,675,367,567 | |||
Balance, value at Dec. 31, 2022 | $ 7,394,793 | 25,992,306 | (32,793,526) | 593,573 | |
Balance, shares at Dec. 31, 2022 | 75,000,000 | 7,394,792,892 | |||
Net loss | (53,208) | (53,208) | |||
Balance, value at Mar. 31, 2023 | $ 7,394,793 | 25,992,306 | (32,846,734) | 540,364 | |
Balance, shares at Mar. 31, 2023 | 75,000,000 | 7,394,792,892 | |||
Balance, value at Dec. 31, 2022 | $ 7,394,793 | 25,992,306 | (32,793,526) | 593,573 | |
Balance, shares at Dec. 31, 2022 | 75,000,000 | 7,394,792,892 | |||
Net loss | (70,929) | ||||
Balance, value at Jun. 30, 2023 | $ 7,394,793 | 25,992,306 | (32,864,455) | 522,644 | |
Balance, shares at Jun. 30, 2023 | 75,000,000 | 7,394,792,892 | |||
Balance, value at Mar. 31, 2023 | $ 7,394,793 | 25,992,306 | (32,846,734) | 540,364 | |
Balance, shares at Mar. 31, 2023 | 75,000,000 | 7,394,792,892 | |||
Net loss | (17,721) | (17,721) | |||
Balance, value at Jun. 30, 2023 | $ 7,394,793 | $ 25,992,306 | $ (32,864,455) | $ 522,644 | |
Balance, shares at Jun. 30, 2023 | 75,000,000 | 7,394,792,892 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Cash flows used in operating activities | ||
Net income (loss) | $ (70,929) | $ 8,946 |
Changes in assets and liabilities | ||
Cash overdraft | 173 | |
Accounts receivable -related party | 35,750 | (15,050) |
Accounts payable and accrued expenses | (720) | |
Net cash provided by (used in) operating activities | (35,899) | (5,931) |
Cash flows provided by financing activities | ||
Payments on EIDL loans | (2,400) | |
Proceeds from related party loans | 5,155 | |
Payments on related party loans | (129,673) | |
Net cash provided by (used in) financing activities | (132,073) | 5,155 |
Net (decrease) increase in cash | (167,972) | (776) |
Cash, beginning of period | 199,310 | 776 |
Cash, end of period | 31,338 | |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | ||
Cash paid for taxes |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Decentral Life is referred to in the following financial notes as the “Company.” Organization The Company was launched in January of 2013 and took it public through a reverse merger in June of 2016 in an effort to expand its business model as a technology business incubator (TBI). The Company’s goal is to become the largest and most valuable market capitalized TBI in the world. The Company’s unique business model makes it easier for individual private and public investors to participate in the growth prospects of each company that participate in the Company’s TBI program. The Company’s Technology Business Incubator program provides tech company founders with the option to license the Company’s technology from the Company and receive assistance in growing their business through the Company’s executive knowledge and leadership. The Company makes it easier for start-up founders to focus on raising capital, proving their business model, and fostering company growth and expansion. The Company’s own IP technology is an artificial intelligence (AI) powered social network and ecommerce platform that leverages blockchain technology to increase development speed, user privacy and security, and incorporates the use of cryptocurrency in the form of NFT’s and token securities used throughout the niche social platforms that we license to the companies in our TBI program. In August of 2021, the Company formed a new division that focuses entirely on aiding founders with the creation and development of blockchain technology that can help their companies incorporate the best Web3 business models. The division’s first successful project was the development and launching of the WDLF security token in Q3 of 2021. Since then, the Company has launched and licensed Decentralized Apps that aid companies to launch and manage their own security token offering (“STO”). Throughout 2022 and 2023, the Company launched smart contracts on the Ethereum blockchain. The Company’s goal is to build a decentralized global technology platform, through the mining and security token offering of the Company’s WDLF token. The Company’s WDLF Ethereum tokens are mined by the users of the Company’s technology platform that is licensed by companies in the Company’s TBI program. The users spend their time creating content, connecting with other users online, and influencing their own friends and followers on mainstream social platforms to join that TBI company’s technology platform, or niche social networking marketplace. As of June 30, 2023, the Company’s management team expanded on its primary business model as a Technology Business Incubator (TBI), to include acquiring up to 100 Corporate Changes On August 30, 1985, the Company was incorporated as a private corporation, CJ Industries, Inc., in California. On February 24, 2004, the Company merged with Calvert Corporation, a Nevada Corporation, changing its name to Sew Cal Logo, Inc., and moved its domicile from California to Nevada, at which time the Company’s 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”). NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS (continued) Corporate Changes (continued) On January 29, 2016, the Company, as 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. The Company acted through the court-appointed receiver and White Tiger Partners, LLC, its 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 th On September 20, 2018, the Company incorporated MjLink.com, Inc. (“MjLink”), a Delaware Corporation. On February 1, 2020, MjLink. filed its Form 1-A Offering Document for a Regulation A Tier 2 initial public offering, which the SEC qualified on September 28, 2020. On January 1, 2021, the Company ceased operating MjLink as a division, at which time MjLink continued operations as an independent company, in return for MjLink issuing the Company 15.17 On March 4, 2020, the Company’s Board of Directors (the “Board”) increased its number of authorized Class A Common Shares of Common Stock from 500,000,000 2,500,000,000 pursuant to an amendment to its Articles of Incorporation with the state of Nevada. Additionally, on that same date, the Company submitted to the state of Nevada the Company’s Certificate of Designation of Preferences, Rights and Limitations of its Class B Shares, providing that each Class B Share has one-hundred (100) votes on all matters presented to be voted by Common Stock Holders. The Class B Shares only have voting power and have no equity, cash value, or any other value. Effective March 4, 2020, the Company’s Board unanimously approved the issuance of 25,000,000 two billion five hundred million (2,500,000,000) votes On May 8, 2020, the Company filed Amended and Restated Articles of Incorporation (“Amended Articles”) in Nevada to increase its authorized shares from 2,500,000,000 10,000,000,000 100,000,000 300,000,000 On December 11 th st Effective March 28, 2021, the Company’s Board unanimously approved the issuance of fifty million ( 50,000,000 5,000,000,000 On June 30, 2021, the Board unanimously approved the adoption of the Certificate for Series A Cumulative Convertible Preferred Stock (the “Certificate”), which Certificate was filed in Nevada on June 30, 2021 and became effective on July 6, 2021. The Certificate, provides that, among other things, that each Preferred A Share has the right to convert each Series A Preferred Share into 20 Common Stock Shares and has liquidation rights over all other series of Preferred Stock. Effective January 25, 2023, the Company’s Board unanimously approved the issuance of twenty-five million ( 25,000,000 2,500,000,000 As of the date of this filing, the Company’s Chief Executive Officer, Ken Tapp, controls 10,000,000,000 100,000,000 On February 2, 2023, FINRA approved the Company’s name change from Social Life Network, Inc. to Decentral Life, Inc. On May 31, 2023, by a consent vote of stockholders holding over 51% of the Company’s voting power Common Stock at a range from 100 to 1 up to 50,000 to 1 NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS (continued) Corporate Changes (continued) The Company’s Business The Company is a Technology Business Incubator (TBI), which operates through individual SaaS (software as a service) licensing agreements with its TBI participating companies and provides each TBI company with the use of its artificial intelligence (“AI”) social networking and ecommerce technology platform to run their own commerce focused social networking company. Using its technology platform and leveraging the executive leadership that the Company provides each TBI company, their executives find it easier to focus on growing their business faster, with the goal of reaching a liquidity event such as an initial public offering or an acquisition. As of the first quarter 2023, the following industry specific companies participate, or participated, in the Company’s TBI program: Hunting, Fishing, Camping, RV Travel, Motor Racing, Racket Sports, Boating, E-biking, Cycling, Golfing, Soccer, Sports Memorabilia, Space Exploration, Transportation, Blockchain, Artificial Intelligence, Cannabis, Hemp, and Residential Real Estate sectors. The TBI participating companies pay the Company a percentage of their revenue, and a percentage of the securities in their company, as detailed below. This business model makes the Company’s long-term book-value potentially greater and its revenue growth more reliable, by diversifying its technology and human resources across multiple global business sectors. As of June 30, 2023, the Company’s management team expanded on its primary business model as a Technology Business Incubator (TBI), to include acquiring up to 100 Revenue Generation The Company generates revenues from its TBI participating companies that license social networking and/or ecommerce technology from the Company, by charging them 5% of the revenue that is made from our tech platform. The Company also develops and licenses decentralized applications (dApps) built on the Ethereum blockchain, that are sold to its clients that do not necessarily participate in the Company’s TBI program. The Company’s dApps are licensed to clients’ annually, and differ in pricing due to the customization, installation time, training, and blockchain related fees. Revenue generated from the Company’s dApps potentially range from thousands to tens of thousands of USD each year, per client. Global Operations The Company currently operates and supports the ongoing technology development of its platform, used by consumers and companies across 120 countries worldwide. The Company’s directors, executives, and niche industry business advisors support the growth of each TBI company in the Company’s program. Management’s goal is to increase the potential of each TBI company reaching a liquidity event, in the shortest time possible. Intellectual Property The Company’s technology platform and associated applications, features and functionality are comprised of proprietary software, code and know-how that are of key importance to its business plan. Better Practices The Company spends a significant amount of time each year with its TBI company founders and their management teams, developing better business practices in its effort to increase the probability of their success and eventual liquidity events. Sources and Availability of Products and Names of Principal Su The Company currently rely on certain key suppliers and vendors in the support and maintenance of its business model. Management mitigates the associated risks of these single-source vendor relationships by ensuring that the Company has access to additional qualified vendors and suppliers to provide like or complementary services. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2023 | |
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. Management’s Representation of Interim Financial Statements The accompanying unaudited financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These financial statements should be read in conjunction with the audited financial statements at and as of December 31, 2022, filed with the SEC on March 22, 2023 as part of the Company’s Annual Report on Form 10-K. Concentrations of Credit Risk The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently have not experienced any losses in its accounts. The Company is not exposed to any significant credit risk on cash. Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On June 30, 2023 and December 31, 2022, the Company’s cash equivalents totaled $ 31,338 199,310 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 our financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. Our notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to us for similar financial arrangements. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis as of June 30, 2023 and December 31, 2022. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 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 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 The Company accounts for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 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. Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The Company’s financial statements have been prepared on a going concern basis, which assumes that it will be able to realize its assets and discharge its liabilities and commitments in the normal course of business for the foreseeable future. As of June 30, 2023, the Company had $ 31,338 32,864,455 70,929 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 4 – RELATED PARTY TRANSACTIONS Other than as disclosed below, there has been no transaction, since January 1, 2021, or currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $5,000 or one percent of our total assets at June 30, 2023, and in which any of the following persons had or will have a direct or indirect material interest (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. As of June 30, 2023 the Company has Technology Business Incubator (TBI) license agreements with MjLink.com Inc., LikeRE.com Inc., and Outdoorsmen.com, Inc., which agreements provide its TBI licensees to pay the Company 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. Kenneth Tapp owns less than 9.99% of the outstanding common stock in each of the Company’s licensees. Pricing for the license agreements was established by the Company’s board of directors. The Company’s related party revenue for three months ended June 30, 2023 and 2022, were $ 142,775 0 From January 1, 2022 through December 31, 2022, Kenneth Tapp, from time-to-time, provided short-term interest free loans totaling $ 213,450 0 |
STOCK WARRANTS
STOCK WARRANTS | 6 Months Ended |
Jun. 30, 2023 | |
Stock Warrants | |
STOCK WARRANTS | NOTE 5 – STOCK WARRANTS The Company has not granted any warrants since 2020. Currently, the Company has 5,283,250 A summary of the status of the outstanding stock warrants is presented below: SCHEDULE OF OUTSTANDING STOCK WARRANTS Range of Exercise Prices Number Outstanding Weighted Average Weighted Average $ 0.05 0.17 5,283,250 .17 $ 0.07 |
COMMON STOCK
COMMON STOCK | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 6 – COMMON STOCK Common Stock Class A As of June 30, 2023 and December 31, 2022 there were 7,394,792,892 Class B Effective March 4, 2020, the Board authorized the issuance of 25,000,000 2,500,000,000 On May 8, 2020, the Company filed Amended and Restated Articles of Incorporation in Nevada to increase its authorized shares from 2,500,000,000 10,000,000,000 100,000,000 300,000,000 Effective March 28, 2021, the Company’s Board unanimously approved the issuance of fifty million ( 50,000,000 March 1, 2020 to February 28, 2021, which shares are equal to five billion (5,000,000,000) votes and otherwise have no equity, cash value or any other value. On January 25, 2023, the Company’s Board unanimously approved the issuance of twenty-five million ( 25,000,000 2,500,000,000 As of June 30, 2023, the Company’s Chief Executive Officer controls approximately 57.5% of shareholder votes via its issuance of 100,000,000 17,394,792,892 7,394,792,892 100,000,000 Class A Preferred Stock As of June 30, 2023 and December 31, 2022, the Company had 300,000,000 no On June 30, 2021, the Board unanimously approved the adoption of the Certificate for 100,000,000 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
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. |
Management’s Representation of Interim Financial Statements | Management’s Representation of Interim Financial Statements The accompanying unaudited financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These financial statements should be read in conjunction with the audited financial statements at and as of December 31, 2022, filed with the SEC on March 22, 2023 as part of the Company’s Annual Report on Form 10-K. |
Concentrations of Credit Risk | Concentrations of Credit Risk The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently have not experienced any losses in its accounts. The Company is not exposed to any significant credit risk on cash. |
Cash and cash equivalents | Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On June 30, 2023 and December 31, 2022, the Company’s cash equivalents totaled $ 31,338 199,310 |
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 our financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. Our notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to us for similar financial arrangements. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis as of June 30, 2023 and December 31, 2022. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
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 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 The Company accounts for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
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. |
Recently issued accounting pronouncements | Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
STOCK WARRANTS (Tables)
STOCK WARRANTS (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Stock Warrants | |
SCHEDULE OF OUTSTANDING STOCK WARRANTS | A summary of the status of the outstanding stock warrants is presented below: SCHEDULE OF OUTSTANDING STOCK WARRANTS Range of Exercise Prices Number Outstanding Weighted Average Weighted Average $ 0.05 0.17 5,283,250 .17 $ 0.07 |
ORGANIZATION AND DESCRIPTION _2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | 49 Months Ended | |||||||||||
May 31, 2023 | Mar. 22, 2023 | Jan. 25, 2023 | Mar. 28, 2021 | Mar. 04, 2020 | Jan. 29, 2016 | Jun. 30, 2023 | Feb. 28, 2021 | Feb. 29, 2020 | Dec. 31, 2022 | Jan. 02, 2021 | May 08, 2020 | May 07, 2020 | Mar. 03, 2020 | |
Common stock, shares authorized | 10,000,000,000 | 10,000,000,000 | ||||||||||||
Common stock voting rights, description | vote of stockholders holding over 51% of the Company’s voting power | |||||||||||||
Preferred stock, shares authorized | 300,000,000 | 300,000,000 | 300,000,000 | 100,000,000 | ||||||||||
Reverse stock split, description | Common Stock at a range from 100 to 1 up to 50,000 to 1 | |||||||||||||
Common Class A [Member] | ||||||||||||||
Common stock, shares authorized | 2,500,000,000 | 10,000,000,000 | 2,500,000,000 | 500,000,000 | ||||||||||
Common Class B [Member] | ||||||||||||||
Common stock voting rights, description | pursuant to an amendment to its Articles of Incorporation with the state of Nevada. Additionally, on that same date, the Company submitted to the state of Nevada the Company’s Certificate of Designation of Preferences, Rights and Limitations of its Class B Shares, providing that each Class B Share has one-hundred (100) votes on all matters presented to be voted by Common Stock Holders. The Class B Shares only have voting power and have no equity, cash value, or any other value. | the Company’s Chief Executive Officer controls approximately 57.5% of shareholder votes via its issuance of 100,000,000 Class B Common Stock Shares to Ken Tapp, thereby controlling 10,000,000,000 votes out of the total of 17,394,792,892 outstanding common voting shares. The total of 17,394,792,892 outstanding votes is comprised of: (a) a total of 7,394,792,892 outstanding shares of Class A Common Stock representing one vote per each one Class A Common Stock Share held (7,394,792,892 Votes); and (b) a total of 100,000,000 outstanding shares of Class B Common Stock representing one hundred votes per each one Class B Common Stock Share held (10,000,000,000 Votes). | ||||||||||||
Issuance of stock, shares | 2,500,000,000 | |||||||||||||
Kenneth Tapp [Member] | Common Class B [Member] | ||||||||||||||
Common stock, shares authorized | 25,000,000 | |||||||||||||
Common stock voting rights, description | two billion five hundred million (2,500,000,000) votes | |||||||||||||
Chief Executive Officer [Member] | ||||||||||||||
Issuance of stock, shares | 10,000,000,000 | |||||||||||||
Chief Executive Officer [Member] | Common Class B [Member] | ||||||||||||||
Common stock voting rights, description | March 1, 2020 to February 28, 2021, which shares are equal to five billion (5,000,000,000) votes and otherwise have no equity, cash value or any other value. | |||||||||||||
Issuance of common stock, value | $ 50,000,000 | |||||||||||||
Voting and equity, value | $ 5,000,000,000 | |||||||||||||
Issuance of stock, shares | 100,000,000 | 25,000,000 | 50,000,000 | |||||||||||
Business Combination/Merger Agreement [Member] | Life Marketing, Inc., [Member] | Common Stock [Member] | Officer [Member] | ||||||||||||||
Stock issued during period, new issue | 119,473,334 | |||||||||||||
Technology Business Incubator [Member] | ||||||||||||||
Ownership percentage | 100% | |||||||||||||
MjLink.com, Inc. [Member] | ||||||||||||||
Ownership percentage | 15.17% |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | Jun. 30, 2020 | Dec. 22, 2018 | Jun. 30, 2023 | Dec. 31, 2022 |
Accounting Policies [Abstract] | ||||
Cash equivalents | $ 31,338 | $ 199,310 | ||
Federal statutory rate | 21% | 21% |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||
Cash equivalents | $ 31,338 | $ 31,338 | |||||
Retained earnings (accumulated deficit) | 32,864,455 | 32,864,455 | $ 32,793,526 | ||||
Loss from operations | $ 17,721 | $ 53,208 | $ (59,244) | $ 50,299 | $ 70,929 | $ (8,946) |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Related Party Transaction [Line Items] | |||||
Related party transaction, description | since January 1, 2021, or currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $5,000 or one percent of our total assets at June 30, 2023, and in which any of the following persons had or will have a direct or indirect material interest | ||||
Related party revenue | $ 173,188 | $ 140,000 | $ 315,963 | $ 140,000 | |
Related Party [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party revenue | 142,775 | $ 0 | |||
Kenneth Tapp [Member] | |||||
Related Party Transaction [Line Items] | |||||
Short-term interest free loans | $ 213,450 | ||||
Due to related parties | $ 0 | $ 0 | |||
Technology Business Incubator (TBI) License Agreements [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, description | the Company has Technology Business Incubator (TBI) license agreements with MjLink.com Inc., LikeRE.com Inc., and Outdoorsmen.com, Inc., which agreements provide its TBI licensees to pay the Company 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. Kenneth Tapp owns less than 9.99% of the outstanding common stock in each of the Company’s licensees. Pricing for the license agreements was established by the Company’s board of directors. |
SCHEDULE OF OUTSTANDING STOCK W
SCHEDULE OF OUTSTANDING STOCK WARRANTS (Details) - Warrant [Member] | Jun. 30, 2023 Integer $ / shares shares |
Number Outstanding | shares | 5,283,250 |
Weighted Average Remaining Contractual Life | 2 months 1 day |
Weighted Average Exercise Price | $ / shares | $ 0.07 |
Measurement Input, Exercise Price [Member] | Minimum [Member] | |
Range of Exercise Prices | 0.05 |
Measurement Input, Exercise Price [Member] | Maximum [Member] | |
Range of Exercise Prices | 0.17 |
STOCK WARRANTS (Details Narrati
STOCK WARRANTS (Details Narrative) | Jun. 30, 2023 shares |
Warrant [Member] | |
Class of warrant or right outstanding | 5,283,250 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - shares | 6 Months Ended | 49 Months Ended | ||||||||||
May 31, 2023 | Mar. 22, 2023 | Jan. 25, 2023 | Mar. 28, 2021 | Mar. 04, 2020 | Jun. 30, 2023 | Feb. 29, 2020 | Dec. 31, 2022 | Jun. 30, 2021 | May 08, 2020 | May 07, 2020 | Mar. 03, 2020 | |
Class of Stock [Line Items] | ||||||||||||
Number of shares issued | 7,394,792,892 | 7,394,792,892 | ||||||||||
Shares outstanding | 7,394,792,892 | 7,394,792,892 | ||||||||||
Common stock, shares authorized | 10,000,000,000 | 10,000,000,000 | ||||||||||
Preferred stock shares authorizied | 300,000,000 | 300,000,000 | 300,000,000 | 100,000,000 | ||||||||
Voting percentage | vote of stockholders holding over 51% of the Company’s voting power | |||||||||||
Preferred stock, shares outstanding | 0 | 0 | ||||||||||
Minimum [Member] | ||||||||||||
Class of Stock [Line Items] | ||||||||||||
Common stock, shares authorized | 2,500,000,000 | |||||||||||
Preferred stock shares authorizied | 100,000,000 | |||||||||||
Maximum [Member] | ||||||||||||
Class of Stock [Line Items] | ||||||||||||
Common stock, shares authorized | 10,000,000,000 | |||||||||||
Preferred stock shares authorizied | 300,000,000 | |||||||||||
Chief Executive Officer [Member] | ||||||||||||
Class of Stock [Line Items] | ||||||||||||
Issuance of stock, shares | 10,000,000,000 | |||||||||||
Common Class A [Member] | ||||||||||||
Class of Stock [Line Items] | ||||||||||||
Number of shares issued | 7,394,792,892 | 7,394,792,892 | ||||||||||
Shares outstanding | 7,394,792,892 | 7,394,792,892 | ||||||||||
Common stock, shares authorized | 2,500,000,000 | 10,000,000,000 | 2,500,000,000 | 500,000,000 | ||||||||
Common Class B [Member] | ||||||||||||
Class of Stock [Line Items] | ||||||||||||
Number of shares issued | 100,000,000 | |||||||||||
Shares outstanding | 100,000,000 | |||||||||||
Issuance of stock, shares | 2,500,000,000 | |||||||||||
Voting percentage | pursuant to an amendment to its Articles of Incorporation with the state of Nevada. Additionally, on that same date, the Company submitted to the state of Nevada the Company’s Certificate of Designation of Preferences, Rights and Limitations of its Class B Shares, providing that each Class B Share has one-hundred (100) votes on all matters presented to be voted by Common Stock Holders. The Class B Shares only have voting power and have no equity, cash value, or any other value. | the Company’s Chief Executive Officer controls approximately 57.5% of shareholder votes via its issuance of 100,000,000 Class B Common Stock Shares to Ken Tapp, thereby controlling 10,000,000,000 votes out of the total of 17,394,792,892 outstanding common voting shares. The total of 17,394,792,892 outstanding votes is comprised of: (a) a total of 7,394,792,892 outstanding shares of Class A Common Stock representing one vote per each one Class A Common Stock Share held (7,394,792,892 Votes); and (b) a total of 100,000,000 outstanding shares of Class B Common Stock representing one hundred votes per each one Class B Common Stock Share held (10,000,000,000 Votes). | ||||||||||
Total outstanding voting shares | 17,394,792,892 | |||||||||||
Common Class B [Member] | Kenneth Tapp [Member] | ||||||||||||
Class of Stock [Line Items] | ||||||||||||
Number of shares issued for services | 2,500,000,000 | 25,000,000 | 2,500,000,000 | |||||||||
Common stock, shares authorized | 25,000,000 | |||||||||||
Voting percentage | two billion five hundred million (2,500,000,000) votes | |||||||||||
Common Class B [Member] | Chief Executive Officer [Member] | ||||||||||||
Class of Stock [Line Items] | ||||||||||||
Issuance of stock, shares | 100,000,000 | 25,000,000 | 50,000,000 | |||||||||
Voting percentage | March 1, 2020 to February 28, 2021, which shares are equal to five billion (5,000,000,000) votes and otherwise have no equity, cash value or any other value. | |||||||||||
Cumulative Convertible Preferred A Shares [Member] | ||||||||||||
Class of Stock [Line Items] | ||||||||||||
Preferred stock shares authorizied | 100,000,000 |