Premier Products (PMPG) 10-K/A 7 Oct 21 2020 FY Annual report (amended) Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2020	May 05, 2021
Cover [Abstract]
Entity Registrant Name	Premier Product Group, Inc.
Entity Central Index Key	0001301838
Document Type	10-K/A
Amendment Flag	true
Amendment Description	This Amendment No. 1 (“Amendment No. 1”) to the Annual Report on Form 10-K/A amends the Annual Report on Form 10-K of Premier Products Group for the fiscal year ended December 31, 2020, as filed with the Securities and Exchange Commission (the “SEC”) on May 6, 2021 (the “Original Filing”). On October 6, 2021 we issued two convertible notes to the same noteholder amounting to $31,500. We inadvertently considered these notes as promissory notes instead of properly classifying them as convertible notes. As result we failed to record a derivative liability of $513,185 due to the conversion features on the notes. We also didn’t accrue $903 in interest on these notes. We are filing this Amendment No. 1 to restate our financial statements as of December 31, 2020 that were previously reported on the Original Filing.
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Dec. 31, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		353,524,425
Entity Public Float	$ 48,153,663
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	No

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash	$ 0	$ 0	$ 0
Total Assets	0	0
Current liabilities
Accounts payable and accrued expenses	269,526	268,099
Contingent liability - legal	197,283	197,283
Contingent liability - notes	225,200	225,200
Derivative liability - warrants	221,814	5,941
Derivative liability - convertible notes	513,185	0
Convertible notes	31,500	0
Notes payable - related parties	173,532	163,916
Notes payable	309,682	312,743
Total current liabilities	1,941,722	1,173,182
Total liabilities	1,941,722	1,173,182
Stockholders' Equity
Common stock, $0.00001 par value, 500,000,000 shares authorized, 353,524,425 and 285,555,605 shares issued and outstanding, respectively	3,536	2,856
Preferred stock (Series B), $0.001 par value, 51 shares authorized, and 51 shares Issued and outstanding, respectively	0	0
Paid in capital	6,761,817	6,253,949
Accumulated deficit	(8,707,075)	(7,429,987)
Total Stockholders' (Deficit)	(1,941,722)	(1,173,182)	$ (1,071,368)
Total Liabilities and Stockholders' (Equity)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	353,524,425	285,555,605
Common stock,shares outstanding	353,524,425	285,555,605
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	51	51
Preferred stock, shares issued	51	51
Preferred stock, shares outstanding	51	51

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 0	$ 0
Operating Expenses:
Administrative expense	8,090	15,000
General and administrative	0
Professional Fees	24,034	60,720
Share based compensation	508,547	0
Total operating expenses	540,672	75,720
(Loss) from operations	(540,672)	(75,720)
Other expense
Gain (loss) on derivative liability	(729,058)	1,313
Interest expense	(28,889)	(27,407)
Gain on write off of liabilties	21,531	0
Income (loss) before provision for income taxes	(736,416)	(26,094)
Provision for income taxes	0	0
Net (Loss)	$ (1,277,088)	$ (101,814)
Basic and diluted earnings (loss) per common share	$ 0	$ 0
Weighted average number of shares outstanding	324,665,135	285,555,605

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2018		285,555,605	51
Balance, amount at Dec. 31, 2018	$ (1,071,368)	$ 2,856	$ 0	$ 6,253,949	$ (7,328,173)
Net income (loss)	(101,814)				(101,814)
Balance, shares at Dec. 31, 2019		285,555,605	51
Balance, amount at Dec. 31, 2019	(1,173,182)	$ 2,856	$ 0	6,253,949	(7,429,987)
Net income (loss)	(1,277,088)				(1,277,088)
Shares issued, shares		67,968,820
Shares issued, amount	508,547	$ 680		507,868
Balance, shares at Dec. 31, 2020		353,524,425	51
Balance, amount at Dec. 31, 2020	$ (1,941,722)	$ 3,536	$ 0	$ 6,761,817	$ (8,707,075)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash Flows From Operating Activities:
Net income (loss)	$ (1,277,088)	$ (101,814)
Adjustments to reconcile net income to net cash
Loss (gain) on derivative liability	729,058	(1,313)
(Gain) on write off of notes payable	(21,531)
Shares based compensation expense	508,547	0
Changes in operating assets and liabilities:
Accounts receivable related party	0
Accounts payable and accrued expenses	29,413	51,568
Net cash provided by (used for) operating activities	(31,600)	(51,559)
Cash Flows From Investing Activities:
Net cash provided by (used for) investing activities	0	0
Cash Flows From Financing Activities:
Proceeds from notes payable	31,600	51,559
Net cash provided by (used for) financing activities	31,600	51,559
Net Increase (Decrease) In Cash	0	0
Cash At The Beginning Of The Period	0	0
Cash At The End Of The Period	0	0
Supplemental disclosure of cash flow information:
Cash paid for interest	0	0
Non-Cash Financing Activities
Common stock issued to retire debt and accrued interest	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Organization Premier Products Group. Inc (“the Company”) was organized under the laws of the State of Utah on November 14, 1979 as Valley High Oil, Gas & Minerals, Inc. In April 2004, the Company reincorporated into the state of Nevada by merging with Valley High Mining, Inc, a Nevada corporation and wholly owned subsidiary of the Company, which was incorporated on February 27, 2004. The Nevada corporation was the surviving entity. The Company changed its domicile to the state of Wyoming on February 3, 2016 and changed its name to Premier Products Group, Inc. in April 2016. The Company changed its domicile to the state of Delaware in February of 2018. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Income Taxes The Company accounts for income taxes in accordance with ASC Topic No. 740, “Accounting for Income Taxes”. This statement requires an asset and liability approach for accounting for income taxes. The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes,” on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized no liability for unrecognized tax liabilities. The Company has no tax positions on December 31, 2020 and 2019 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. Loss Per Share The computation of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share.” Cash and Cash Equivalents The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. Fair Value of Financial Instruments The Company’s financial instruments consist principally of cash, amounts due to a related party, accounts payable and accrued expenses, and derivative liabilities. ASC 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, establish a framework for measuring fair value, establish a fair value hierarchy based on the quality of inputs used to measure fair value, and enhance disclosure requirements for fair value measurements. The Company utilizes various types of financing to fund its business needs, including warrants not indexed to the Company’s stock. The Company is required to record its derivative instruments at their fair value. Changes in the fair value of derivatives are recognized in earnings in accordance with ASC 815. The fair value of the derivative instruments are determined based on “Level 3” inputs, which consist of inputs that are both unobservable and significant to the overall fair value measurement. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. The Company has categorized its financial instruments, based on the priority of inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Financial assets and liabilities recorded on the balance sheet are categorized based on the inputs to the valuation techniques as follows: Level 1 Financial assets and liabilities for which values are based on unadjusted quoted prices for identical assets or liabilities in an active market that management has the ability to access. Level 2 Financial assets and liabilities for which values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability (commodity derivatives and interest rate swaps). Level 3 Financial assets and liabilities for which values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability. When the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company conducts a review of fair value hierarchy classifications on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification for certain financial assets or liabilities. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. FASB ASU 2018-03 “Fair Value Measurement (ASC 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement FASB ASU 2016-15 “Statement of Cash Flows (Topic 230) Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on our consolidated financial statements and related disclosures.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2020
GOING CONCERN
NOTE 2 - GOING CONCERN	The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has a working capital deficit and has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it consummates a business combination. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

RESTATEMENT

RESTATEMENT	12 Months Ended
	Dec. 31, 2020
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. PREMIER PRODUCTS GROUP, INC. CONSOLIDATED BALANCE SHEETS December 31, 2020 As Reported Restatement Adjustments As Restated ASSETS Cash $ - - - Total Assets $ - $ - $ - LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued expenses $ 268,623 $ 903 $ 269,526 Contingent liability legal 197,283 - 197,283 Contingent liability notes 225,200 - 225,200 Derivative liability warrants 221,814 - 221,814 Derivative liability convertible notes - 513,185 513,185 Convertible notes - 31,500 31,500 Notes payable related parties 173,532 - 173,532 Notes payable 341,182 (31,500 ) 309,682 Total current liabilities 1,427,634 514,088 1,941,722 Total liabilities 1,427,634 514,088 1,941,722 Stockholders' Equity Common stock, $0.00001 par value, 500,000,000 shares authorized, 353,524,425 and 285,555,605 shares issued and outstanding, respectively 3,536 - 3,536 Preferred stock (Series B), $0.001 par value, 51 shares authorized, and 51 shares Issued and outstanding, respectively - - - Paid in capital 6,761,817 - 6,761,817 Accumulated deficit (8,192,987 ) (514,088 ) (8,707,075 ) Total Stockholders' (Deficit) (1,427,634 ) (514,088 ) (1,941,722 ) Total Liabilities and Stockholders' (Equity) $ - $ - $ - PREMIER PRODUCTS GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS For the year ended December 31, 2020 As Reported Restatement Adjustments As Restated Revenue $ - $ - $ - Operating Expenses: Administrative expense 8,091 - 8,091 Professional Fees 24,034 - 24,034 Share based compensation 508,547 - 508,547 Total operating expenses 540,672 - 540,672 (Loss) from operations (540,672 ) - (540,672 ) Other expense Gain (loss) on derivative liability (215,873 ) (513,185 ) (729,058 ) Interest expense (27,986 ) (903 ) (28,889 ) Gain on write off of liabilties 21,531 - 21,531 Income (loss) before provision for income taxes (222,328 ) (514,088 ) (736,416 ) Provision for income taxes - - - Net (Loss) $ (763,000 ) $ (514,088 ) $ (1,277,088 ) Basic and diluted earnings(loss) per common share $ (0.00 ) $ - $ (0.00 ) Weighted average number of shares outstanding 324,665,135 - 324,665,135 PREMIER PRODUCTS GROUP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS For the year ended December 31, 2020 Cash Flows From Operating Activities: Net income (loss) $ (763,000 ) $ (514,088 ) $ (1,277,088 ) Adjustments to reconcile net income to net cash Loss (gain) on derivative liability 215,873 513,185 729,058 (Gain) on write off of notes payable (21,531 ) (21,531 ) Shares based compensation expense 508,547 - 508,547 Changes in operating assets and liabilities: Accounts receivable related party - - - Accounts payable and accrued expenses 28,511 903 29,414 Net cash provided by (used for) operating activities (31,600 ) - (31,600 ) Cash Flows From Investing Activities: Net cash provided by (used for) investing activities - - - Cash Flows From Financing Activities: Proceeds from notes payable 31,600 - 31,600 Net cash provided by (used for) financing activities 31,600 - 31,600 Net Increase (Decrease) In Cash - - - Cash At The Beginning Of The Period - - - Cash At The End Of The Period $ - $ - - Supplemental disclosure of cash flow information: Cash paid for interest $ - $ - $ - Non-Cash Financing Activities Common stock issued to retire debt and accrued interest $ - $ - $ -

NON-CONSOLIDATED FINANICAL INFO

NON-CONSOLIDATED FINANICAL INFORMATION	12 Months Ended
	Dec. 31, 2020
NON-CONSOLIDATED FINANICAL INFORMATION
NOTE 4 - NON-CONSOLIDATED FINANICAL INFORMATION	ASSETS & LIABILITIES – Year Ended December 31, 2020 PARENT SUBSIDIARY ASSETS Current Assets Cash — — Total Current Assets — — Fixed Assets — — TOTAL ASSETS — — Liabilities Accounts payable and accrued expenses $ 64,407 $ 205,119 Contingent liability – legal — 197,283 Contingent liability – notes — 225,200 Derivative liability – warrants — 221,814 Derivative liability – convertible notes 513,185 Notes payable – related parties 173,532 — Convertible notes payable 31,500 309,682 Total Current Liabilities 782,624 1,159,098 Total Liabilities $ 782,624 $ 1,159,098 STATEMENTS OF OPERATION – Year Ended December 31, 2019 PARENT SUBSIDIARY REVENUES — — COST OF GOOD — — GROSS PROFIT — — OPERATING EXPENSES Administrative expense 8,091 — Professional Fees 24,033 — Share based compensation 508,547 — TOTAL OPERATING EXPENSES 540,672 — LOSS FROM OPERATIONS (540,672 ) — OTHER INCOME (EXPENSES) Gain (loss) on derivative liability (513,185 ) (215,873 ) Gain on write off of liabilities 21,531 — Interest expense (8,680 ) (20,209 ) Total Other Income (Expense) (500,334 ) (236,082 ) GAIN (LOSS) BEFORE INCOME TAXES (1,041,006 ) (236,082 ) Provision for income taxes — — NET INCOME (LOSS) $ (1,041,006 ) $ (236,082 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
RELATED PARTY TRANSACTIONS
NOTE 5 - RELATED PARTY TRANSACTIONS	Management Compensation For the fiscal years ended December 31, 2020 and 2019, the Company paid or accrued to its CEO, CFO, and President an aggregate of $0 in compensation and bonuses. Office Space For the fiscal years ended December 31, 2020 and 2019, the utilized approximately 400 square feet of executive office space in Silver Spring, MD, without charge, on a month to month basis from the CEO.

ADVANCES AND NOTES PAYABLE TO R

ADVANCES AND NOTES PAYABLE TO RELATED PARTIES	12 Months Ended
	Dec. 31, 2020
ADVANCES AND NOTES PAYABLE TO RELATED PARTIES
NOTE 6 - ADVANCES AND NOTES PAYABLE TO RELATED PARTIES	Advances and notes payable to related parties for December 31, 2020 were $173,532. Advances and notes payable to related parties for December 31, 2019 were $163,916.

NOTES PAYABLE AND DERIVATIVE LI

NOTES PAYABLE AND DERIVATIVE LIABILITY	12 Months Ended
	Dec. 31, 2020
NOTES PAYABLE AND DERIVATIVE LIABILITY
NOTE 7 - NOTES PAYABLE AND DERIVATIVE LIABILITY	Notes Payable At fiscal year ended December 31, 2020 and December 31, 2019, the Company had third party notes payable and accrued interest in the amount of $483,214 compared to $476,659, respectively. The notes included notes to eleven unaffiliated parties at interest rates of between 6% and 10% per year. The notes expire between 2015 and 2019 fiscal years and are not secured by collateral of the Company. Several of these notes are in default and the Company is in communication with the holders to resolve these outstanding issues. The notes are convertible into common stock, at the election of the holder, at discounts of between 40% and 50%. Two additional notes, totaling $11,250 are convertible into common stock of the Company at $0.001. Additionally, the Company is carrying $225,200 in notes payable contingent liability representing three prior notes that are either in dispute or the Company is unable to substantiate. Derivative Liability The Company entered into an agreement which has been accounted for as a derivative. The Company has recorded a loss contingency associated with this agreement because it is both probable that a liability had been incurred and the amount of the loss can reasonably be estimated. The main factors that will affect the fair value of the derivative are the number of the Company’s shares outstanding post acquisition or post offering and the resulting market capitalization. ASC Topic 815 (“ASC 815”) requires that all derivative financial instruments be recorded on the balance sheet at fair value. Fair values for exchange traded securities and derivatives are based on quoted market prices. Where market prices are not readily available, fair values are determined using market-based pricing models incorporating readily observable market data and requiring judgment and estimates. The Company issued warrants and has evaluated the terms and conditions of the conversion features contained in the warrants to determine whether they represent embedded or freestanding derivative instruments under the provisions of ASC 815. The Company determined that the conversion features contained in the warrants represent freestanding derivative instruments that meet the requirements for liability classification under ASC 815. As a result, the fair value of the derivative financial instruments in the warrants is reflected in the Company’s balance sheet as a liability. The fair value of the derivative financial instruments of the warrants was measured at the inception date of the warrants and each subsequent balance sheet date. Any changes in the fair value of the derivative financial instruments are recorded as non-operating, non-cash income or expense at each balance sheet date. Additionally, the Company has issued convertible notes with variable conversion features resulting in a derivative liability The Company valued the conversion features in its warrants using the Black-Scholes model. The Black-Scholes model values the embedded derivatives based on a risk-free rate of return of 0.0131%, grant dates at December 31, 2020 and December 31, 2019, the term of the warrant extending 3 years from the date of a “reverse merger”, conversion of warrant shares is equal to 0.005% of the then outstanding common stock of the company, the conversion price is $0.001, current stock prices on the measurement date ranging from $0.0007 to $0.1775, and the computed measure of the Company’s stock volatility, ranging from 380% to 600%. Included in the December 31, 2020 and 2019 financial statements is a derivative liability in the amount of $221,814 and $5,941, respectively, to account for this transaction. It is revalued quarterly henceforth and adjusted as a gain or loss to the consolidated statements of operations depending on its value at that time. Included in our Consolidated Statements of Operations for the years ended December 31, 2020 and 2019 are $(215,873) and $1,313 in change of fair value of derivative in non-cash charges pertaining to the derivative liability as it pertains to the gain (loss) on derivative liability and debt discount, respectively. Derivative Liability -Warrants December 31, 2020 December 31, 2019 Estimated number of underlying shares 1,427,780 1,427,780 Estimated market price per share $ 0.00 $ 0.00 Exercise price per share $ 0.00 $ 0.00 Expected volatility 600 % 382 % Expected dividends 0 % 0 % Expected term (in years) 3.00 3.00 The following presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis on December 31, 2020. These items are included in “derivative liability warrants” on the consolidated balance sheet. Derivative Liability -Convertible Notes December 31, 2020 Estimated number of underlying shares 3,422,330 Estimated market price per share $ 0.15 Exercise price per share $ 0.01 Expected volatility 600 % Expected dividends 0 % Expected term (in years) 1.00 The following presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis on December 31, 2020. These items are included in “derivative liability convertible notes” on the consolidated balance sheet. Fair Value Measurements on a Recurring Basis December 31, 2019 Level 1 Level 2 Level 3 Total Liabilities: Derivative liability $ — $ — $ 5,941 $ 5,941 Total liabilities at fair value $ — $ — $ 5,941 $ 5,941 December 31, 2020 Liabilities: Derivative liability $ — $ — $ 734,999 $ 734,999 Total liabilities at fair value $ — $ — $ 734,999 $ 734,999 The main factors that will affect the fair value of the derivative are the number of shares outstanding post acquisition or post offering and the resulting market capitalization. In order to estimate a range for the potential contingent liability, the Company estimated the future number of surviving shares and resulting market cap from a reverse merger based on a sample of reverse mergers completed by OTCBB companies during 2020 and 2019. The following is a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2020 and 2019: 2020 2019 Beginning balance, January 1, $ (5,941 ) $ (7254 ) Total gains (losses) included in earnings (215,873 ) 1,313 Ending balance, December 31, $ (221,814 ) $ (5,941 )

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2020
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
NOTE 8 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES	For the fiscal year ended December 31, 2020 and 2019, the Company recorded accounts payable and accrued expenses in the amounts of $269,526 and $268,099, respectively. The accounts payable and accrued expenses are a combination of legal and professional fees.

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Dec. 31, 2020
CAPITAL STOCK
NOTE 9 - CAPITAL STOCK	The Company has authorized 500,000,000 shares of common stock with a par value of $0.0001. On December 31, 2020 and 2019, the company had 353,524,425 and 285,555,605 shares issued and outstanding, respectively. During the year ended December 31, 2020, the Company believes that its the Transfer Agent issued a total of 35,568,820 shares erroneously. During the year ended December 31, 2018, the Company moved its domicile from Wyoming to Delaware and affirmed its par valued at $0.00001 per share. During the year ended December 31, 2018 a total of 65,343,669 shares of common stock were issued for the retirement of $45,172 in debt and accrued interest. The Company recognized a combined loss of $ 980,874 on the conversions.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2020
INCOME TAXES
NOTE 10 - INCOME TAXES	ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Accordingly, a valuation allowance equal to the deferred tax asset has been recorded. The total deferred tax asset is calculated by multiplying a 21% marginal tax rate by the cumulative net operating losses of $2,052,107. The total valuation allowance is equal to the total deferred tax asset. The tax effects of significant items comprising the Company's net deferred taxes as of December 31, 2020 and 2019 were as follows: 2020 2019 Cumulative net operating losses $ 2,197,661 $ 2,197,661 Deferred tax assets: (21% Federal, 0% Delaware) Net operating loss carry forwards 461,509 461,509 Valuation allowance (461,509 ) (461,509 ) $ — $ — The income tax provision differs from the amount of income tax determined by applying the combined U.S. federal and state income tax rates of 21% to pretax income from continuing operations for the years ended December 31, 2020 and 2019 due to the following: 2020 2019 Tax benefit at statutory rate $ (22,694 ) $ (22,694 ) (Gain) loss on derivative liability (215,873 ) 1,313 Change in valuation allowance 21,381 Actual tax expense $ — $ — The Company’s net operating loss carry forwards of approximately $2,197,661 expire in various years through 2038. The Company has not evaluated the impact of possible limitations on the utilization of its net operating loss carry forwards in future years under Section 382, if any, as a result of any changes in control.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES
NOTE 11 - COMMITMENTS AND CONTINGENCIES	Contingent Liabilities The Company recorded contingent liabilities for the fiscal year ended December 31, 2018 in the amount of $422,483. The contingent liability includes $197,283 for settlement of an arbitration dispute plus accrued interest and fees, and a $75,000 note payable, as further defined below, and two additional prior notes payable in the amount $10,000 and $140,200. The Company was notified through its confirmation process that a prior law firm intends to file for the collection of prior fees accrued to them in the amount of $92,000. The Company has included penalties and interest in the amount of $14,884 in its payables to account for the possible loss for a total of $106,884. Former CEO Fraud / Maleficence In October 2015, the Company entered into an agreement with Iconic Holdings (“Iconic”) with our then current CEO, Richard Johnson (“Johnson”). The note on the books for $30,000 was intended to go to a law firm for preparing an S-1 in the amount of $5,000,000, according to the executed term sheet. It is known that based on the financial status of Valley High Mining at the time, there was no way a $5,000,000 S-1 was going to get approved. Two things happened during that transaction, 1) Iconic did not send the funds to the law firm as was stated in the Term Sheet, it was sent to the Company whereby Johnson paid some of the funds to himself; and 2) Iconic executed a "2nd Note" of $75,000 as consideration for the S-1, but no real consideration was given, except to say that Iconic would provide the S-1 funding, which was not possible. The events were all presented to Iconic, including the fact that Johnson signed it as sole director and never had Board consent (from Peter Bianchi, the second director at the time). Iconic agreed that it did not add up. The Company stated that Iconic should not be held accountable for Johnson's potential fraudulent act and that the Company would honor the $30,000 ($25,000 net amount) that Iconic wired to the Company. However, assuming that Iconic is familiar with S-1 filings and the funding in the amount of $5,000,000, they should know that the deal structure was not plausible, and therefore no consideration was being given for the $75,000 second note. Therefore, Iconic should have no claim to the second note and the Company will take legal action to defend (including both notes for fraud if needed). However, an additional second contingency for the face value of the $75,000 note is being added as a legal contingency until the matter is resolved.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2020
SUBSEQUENT EVENTS
NOTE 12 - SUBSEQUENT EVENTS	In accordance with FASB ASC 855-10, Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization	Premier Products Group. Inc (“the Company”) was organized under the laws of the State of Utah on November 14, 1979 as Valley High Oil, Gas & Minerals, Inc. In April 2004, the Company reincorporated into the state of Nevada by merging with Valley High Mining, Inc, a Nevada corporation and wholly owned subsidiary of the Company, which was incorporated on February 27, 2004. The Nevada corporation was the surviving entity. The Company changed its domicile to the state of Wyoming on February 3, 2016 and changed its name to Premier Products Group, Inc. in April 2016. The Company changed its domicile to the state of Delaware in February of 2018.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	The Company accounts for income taxes in accordance with ASC Topic No. 740, “Accounting for Income Taxes”. This statement requires an asset and liability approach for accounting for income taxes. The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes,” on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized no liability for unrecognized tax liabilities. The Company has no tax positions on December 31, 2020 and 2019 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.
Loss Per Share	The computation of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share."
Cash and Cash Equivalents	The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.
Fair Value of Financial Instruments	The Company’s financial instruments consist principally of cash, amounts due to a related party, accounts payable and accrued expenses, and derivative liabilities. ASC 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, establish a framework for measuring fair value, establish a fair value hierarchy based on the quality of inputs used to measure fair value, and enhance disclosure requirements for fair value measurements. The Company utilizes various types of financing to fund its business needs, including warrants not indexed to the Company’s stock. The Company is required to record its derivative instruments at their fair value. Changes in the fair value of derivatives are recognized in earnings in accordance with ASC 815. The fair value of the derivative instruments are determined based on “Level 3” inputs, which consist of inputs that are both unobservable and significant to the overall fair value measurement. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. The Company has categorized its financial instruments, based on the priority of inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Financial assets and liabilities recorded on the balance sheet are categorized based on the inputs to the valuation techniques as follows: Level 1 Financial assets and liabilities for which values are based on unadjusted quoted prices for identical assets or liabilities in an active market that management has the ability to access. Level 2 Financial assets and liabilities for which values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability (commodity derivatives and interest rate swaps). Level 3 Financial assets and liabilities for which values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability. When the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company conducts a review of fair value hierarchy classifications on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification for certain financial assets or liabilities.
Recently Issued Accounting Pronouncements	Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. FASB ASU 2018-03 “Fair Value Measurement (ASC 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement FASB ASU 2016-15 “Statement of Cash Flows (Topic 230) Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on our consolidated financial statements and related disclosures.

RESTATEMENT (Tables)

RESTATEMENT (Tables)	12 Months Ended
	Dec. 31, 2020
RESTATEMENT (Tables)
Schedule of statement of operations	For the year ended December 31, 2020 As Reported Restatement Adjustments As Restated Revenue $ - $ - $ - Operating Expenses: Administrative expense 8,091 - 8,091 Professional Fees 24,034 - 24,034 Share based compensation 508,547 - 508,547 Total operating expenses 540,672 - 540,672 (Loss) from operations (540,672 ) - (540,672 ) Other expense Gain (loss) on derivative liability (215,873 ) (513,185 ) (729,058 ) Interest expense (27,986 ) (903 ) (28,889 ) Gain on write off of liabilties 21,531 - 21,531 Income (loss) before provision for income taxes (222,328 ) (514,088 ) (736,416 ) Provision for income taxes - - - Net (Loss) $ (763,000 ) $ (514,088 ) $ (1,277,088 ) Basic and diluted earnings(loss) per common share $ (0.00 ) $ - $ (0.00 ) Weighted average number of shares outstanding 324,665,135 - 324,665,135
Schedule of balance sheet	December 31, 2020 As Reported Restatement Adjustments As Restated ASSETS Cash $ - - - Total Assets $ - $ - $ - LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued expenses $ 268,623 $ 903 $ 269,526 Contingent liability legal 197,283 - 197,283 Contingent liability notes 225,200 - 225,200 Derivative liability warrants 221,814 - 221,814 Derivative liability convertible notes - 513,185 513,185 Convertible notes - 31,500 31,500 Notes payable related parties 173,532 - 173,532 Notes payable 341,182 (31,500 ) 309,682 Total current liabilities 1,427,634 514,088 1,941,722 Total liabilities 1,427,634 514,088 1,941,722 Stockholders' Equity Common stock, $0.00001 par value, 500,000,000 shares authorized, 353,524,425 and 285,555,605 shares issued and outstanding, respectively 3,536 - 3,536 Preferred stock (Series B), $0.001 par value, 51 shares authorized, and 51 shares Issued and outstanding, respectively - - - Paid in capital 6,761,817 - 6,761,817 Accumulated deficit (8,192,987 ) (514,088 ) (8,707,075 ) Total Stockholders' (Deficit) (1,427,634 ) (514,088 ) (1,941,722 ) Total Liabilities and Stockholders' (Equity) $ - $ - $ -
Schedule of statement of cash flows	For the year ended December 31, 2020 Cash Flows From Operating Activities: Net income (loss) $ (763,000 ) $ (514,088 ) $ (1,277,088 ) Adjustments to reconcile net income to net cash Loss (gain) on derivative liability 215,873 513,185 729,058 (Gain) on write off of notes payable (21,531 ) (21,531 ) Shares based compensation expense 508,547 - 508,547 Changes in operating assets and liabilities: Accounts receivable related party - - - Accounts payable and accrued expenses 28,511 903 29,414 Net cash provided by (used for) operating activities (31,600 ) - (31,600 ) Cash Flows From Investing Activities: Net cash provided by (used for) investing activities - - - Cash Flows From Financing Activities: Proceeds from notes payable 31,600 - 31,600 Net cash provided by (used for) financing activities 31,600 - 31,600 Net Increase (Decrease) In Cash - - - Cash At The Beginning Of The Period - - - Cash At The End Of The Period $ - $ - - Supplemental disclosure of cash flow information: Cash paid for interest $ - $ - $ - Non-Cash Financing Activities Common stock issued to retire debt and accrued interest $ - $ - $ -

NON-CONSOLIDATED FINANICAL IN_2

NON-CONSOLIDATED FINANICAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2020
NON-CONSOLIDATED FINANICAL INFORMATION (Tables)
Schedule of Non-consolidated financial information	ASSETS & LIABILITIES – Year Ended December 31, 2020 PARENT SUBSIDIARY ASSETS Current Assets Cash — — Total Current Assets — — Fixed Assets — — TOTAL ASSETS — — Liabilities Accounts payable and accrued expenses $ 64,407 $ 205,119 Contingent liability – legal — 197,283 Contingent liability – notes — 225,200 Derivative liability – warrants — 221,814 Derivative liability – convertible notes 513,185 Notes payable – related parties 173,532 — Convertible notes payable 31,500 309,682 Total Current Liabilities 782,624 1,159,098 Total Liabilities $ 782,624 $ 1,159,098 STATEMENTS OF OPERATION – Year Ended December 31, 2019 PARENT SUBSIDIARY REVENUES — — COST OF GOOD — — GROSS PROFIT — — OPERATING EXPENSES Administrative expense 8,091 — Professional Fees 24,033 — Share based compensation 508,547 — TOTAL OPERATING EXPENSES 540,672 — LOSS FROM OPERATIONS (540,672 ) — OTHER INCOME (EXPENSES) Gain (loss) on derivative liability (513,185 ) (215,873 ) Gain on write off of liabilities 21,531 — Interest expense (8,680 ) (20,209 ) Total Other Income (Expense) (500,334 ) (236,082 ) GAIN (LOSS) BEFORE INCOME TAXES (1,041,006 ) (236,082 ) Provision for income taxes — — NET INCOME (LOSS) $ (1,041,006 ) $ (236,082 )

NOTES PAYABLE AND DERIVATIVE _2

NOTES PAYABLE AND DERIVATIVE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2020
NOTES PAYABLE AND DERIVATIVE LIABILITY
Summary of fair value of derivative liability	Derivative Liability -Warrants December 31, 2020 December 31, 2019 Estimated number of underlying shares 1,427,780 1,427,780 Estimated market price per share $ 0.00 $ 0.00 Exercise price per share $ 0.00 $ 0.00 Expected volatility 600 % 382 % Expected dividends 0 % 0 % Expected term (in years) 3.00 3.00 The following presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis on December 31, 2020. These items are included in “derivative liability warrants” on the consolidated balance sheet. Derivative Liability -Convertible Notes December 31, 2020 Estimated number of underlying shares 3,422,330 Estimated market price per share $ 0.15 Exercise price per share $ 0.01 Expected volatility 600 % Expected dividends 0 % Expected term (in years) 1.00
Summary of fair value hierarchy for assets and liabilities	December 31, 2019 Level 1 Level 2 Level 3 Total Liabilities: Derivative liability $ — $ — $ 5,941 $ 5,941 Total liabilities at fair value $ — $ — $ 5,941 $ 5,941 December 31, 2020 Liabilities: Derivative liability $ — $ — $ 221,814 $ 221,814 Total liabilities at fair value $ — $ — $ 221,814 $ 221,814
Reconciliation of the beginning and ending balances for assets and liabilities	2020 2019 Beginning balance, January 1, $ (5,941 ) $ (7254 ) Total gains (losses) included in earnings (215,873 ) 1,313 Ending balance, December 31, $ (221,814 ) $ (5,941 )

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
INCOME TAXES
Summary of net deferred taxes	2020 2019 Cumulative net operating losses $ 2,197,661 $ 2,197,661 Deferred tax assets: (21% Federal, 0% Delaware) Net operating loss carry forwards 461,509 461,509 Valuation allowance (461,509 ) (461,509 )
Summary of income tax provision	2020 2019 Tax benefit at statutory rate $ (22,694 ) $ (22,694 ) (Gain) loss on derivative liability (215,873 ) 1,313 Change in valuation allowance 21,381 Actual tax expense $ — $ —

RESTATEMENT (Details)

RESTATEMENT (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash	$ 0	$ 0	$ 0
Total Assets	0	0
Accounts payable and accrued expenses	269,526	268,099
Contingent liability - legal	197,283	197,283
Contingent liability - notes	225,200	225,200
Derivative liability - warrants	221,814	5,941
Derivative liability - convertible notes	513,185	0
Convertible notes	31,500	0
Notes payable - related parties	173,532	163,916
Notes payable	309,682	312,743
Total current liabilities	1,941,722	1,173,182
Total liabilities	1,941,722	1,173,182
Common stock, $0.00001 par value, 500,000,000 shares authorized, 353,524,425 and 285,555,605 shares issued and outstanding, respectively	3,536	2,856
Preferred stock (Series B), $0.001 par value, 51 shares authorized, and 51 shares Issued and outstanding, respectively	0	0
Paid in capital	6,761,817	6,253,949
Accumulated deficit	(8,707,075)	(7,429,987)
Total Stockholders' (Deficit)	(1,941,722)	(1,173,182)	$ (1,071,368)
Total Liabilities and Stockholders' (Equity)	0	0
As Reported [Member]
Cash	0	0
Total Assets	0
Accounts payable and accrued expenses	268,623
Contingent liability - legal	197,283
Contingent liability - notes	225,200
Derivative liability - warrants	221,814
Derivative liability - convertible notes	0
Convertible notes	0
Notes payable - related parties	173,532
Notes payable	341,182
Total current liabilities	1,427,634
Total liabilities	1,427,634
Common stock, $0.00001 par value, 500,000,000 shares authorized, 353,524,425 and 285,555,605 shares issued and outstanding, respectively	3,536
Preferred stock (Series B), $0.001 par value, 51 shares authorized, and 51 shares Issued and outstanding, respectively	0
Paid in capital	6,761,817
Accumulated deficit	(8,192,987)
Total Stockholders' (Deficit)	(1,427,634)
Total Liabilities and Stockholders' (Equity)	0
Restatement Adjustment [Member]
Cash	0	0
Total Assets	0
Accounts payable and accrued expenses	903
Contingent liability - legal	0
Contingent liability - notes	0
Derivative liability - warrants	0
Derivative liability - convertible notes	513,185
Convertible notes	31,500
Notes payable - related parties	0
Notes payable	(31,500)
Total current liabilities	514,088
Total liabilities	514,088
Common stock, $0.00001 par value, 500,000,000 shares authorized, 353,524,425 and 285,555,605 shares issued and outstanding, respectively	0
Preferred stock (Series B), $0.001 par value, 51 shares authorized, and 51 shares Issued and outstanding, respectively	0
Paid in capital	0
Accumulated deficit	(514,088)
Total Stockholders' (Deficit)	(514,088)
Total Liabilities and Stockholders' (Equity)	0
As Restated [Member]
Cash	0	$ 0
Total Assets	0
Accounts payable and accrued expenses	269,526
Contingent liability - legal	197,283
Contingent liability - notes	225,200
Derivative liability - warrants	221,814
Derivative liability - convertible notes	513,185
Convertible notes	31,500
Notes payable - related parties	173,532
Notes payable	309,682
Total current liabilities	1,941,722
Total liabilities	1,941,722
Common stock, $0.00001 par value, 500,000,000 shares authorized, 353,524,425 and 285,555,605 shares issued and outstanding, respectively	3,536
Preferred stock (Series B), $0.001 par value, 51 shares authorized, and 51 shares Issued and outstanding, respectively	0
Paid in capital	6,761,817
Accumulated deficit	(8,707,075)
Total Stockholders' (Deficit)	(1,941,722)
Total Liabilities and Stockholders' (Equity)	$ 0

RESTATEMENT (Details 1)

RESTATEMENT (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue	$ 0	$ 0
As Reported [Member]
Revenue	0
Administrative expenses	8,091
Professional Fee	24,034
Share based compensations	508,547
Total operating expense	540,672
(Loss) from operations	(540,672)
Gain (loss) on derivatives liability	(215,873)
Interests expense	(27,986)
(Gain) on write off of liabilties	21,531
Income (loss) before provisions for income taxes	(222,328)
Provisions for income taxes	0
Net (Loss) income	$ (763,000)
Basic and diluted earnings (loss) per common share	$ 0
Weighted average number of shares outstanding	324,665,135
Restatement Adjustment [Member]
Revenue	$ 0
Administrative expenses	0
Professional Fee	0
Share based compensations	0
Total operating expense	0
(Loss) from operations	0
Gain (loss) on derivatives liability	(513,185)
Interests expense	(903)
(Gain) on write off of liabilties	0
Income (loss) before provisions for income taxes	(514,088)
Provisions for income taxes	0
Net (Loss) income	$ (514,088)
Basic and diluted earnings (loss) per common share	$ 0
Weighted average number of shares outstanding
As Restated [Member]
Revenue	$ 0
Administrative expenses	8,091
Professional Fee	24,034
Share based compensations	508,547
Total operating expense	540,672
(Loss) from operations	(540,672)
Gain (loss) on derivatives liability	729,058
Interests expense	(28,889)
(Gain) on write off of liabilties	21,531
Income (loss) before provisions for income taxes	(736,416)
Provisions for income taxes	0
Net (Loss) income	$ (1,277,088)
Basic and diluted earnings (loss) per common share	$ 0
Weighted average number of shares outstanding	324,665,135

RESTATEMENT (Details 2)

RESTATEMENT (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounts receivable related party	$ 0
Accounts payable and accrued expenses	29,413	$ 51,568
Net cash provided by (used for) operating activities	(31,600)	(51,559)
Net cash provided by (used for) investing activities	0	0
Proceeds from notes payable	31,600	51,559
Net cash provided by (used for) financing activities	31,600	51,559
Net Increase (Decrease) In Cash	0	0
Cash At The Beginning Of The Period	0	0
Cash At The End Of The Period	0	0
Cash paid for interest	0	0
Common stock issued to retire debt and accrued interest	0	0
(Gain) on write off of notes payable	(21,531)
As Reported [Member]
Net income (losses)	(763,000)
Loss (gain) on derivative liability	215,873
Shares based compensation expense	508,547
Accounts receivable related party	0
Accounts payable and accrued expenses	28,511
Net cash provided by (used for) operating activities	(31,600)
Net cash provided by (used for) investing activities	0
Proceeds from notes payable	31,600
Net cash provided by (used for) financing activities	31,600
Net Increase (Decrease) In Cash	0
Cash At The Beginning Of The Period	0
Cash At The End Of The Period	0	0
Cash paid for interest	0
Common stock issued to retire debt and accrued interest	0
(Gain) on write off of notes payable	(21,531)
Restatement Adjustment [Member]
Net income (losses)	(514,088)
Loss (gain) on derivative liability	513,185
Shares based compensation expense	0
Accounts receivable related party	0
Accounts payable and accrued expenses	903
Net cash provided by (used for) operating activities	0
Net cash provided by (used for) investing activities	0
Proceeds from notes payable	0
Net cash provided by (used for) financing activities	0
Net Increase (Decrease) In Cash	0
Cash At The Beginning Of The Period	0
Cash At The End Of The Period	0	0
Cash paid for interest	0
Common stock issued to retire debt and accrued interest	0
As Restated [Member]
Net income (losses)	(1,277,088)
Loss (gain) on derivative liability	729,058
Shares based compensation expense	508,547
Accounts receivable related party	0
Accounts payable and accrued expenses	29,414
Net cash provided by (used for) operating activities	(31,600)
Net cash provided by (used for) investing activities	0
Proceeds from notes payable	31,600
Net cash provided by (used for) financing activities	31,600
Net Increase (Decrease) In Cash	0
Cash At The Beginning Of The Period	0
Cash At The End Of The Period	0	$ 0
Cash paid for interest	0
Common stock issued to retire debt and accrued interest	0
(Gain) on write off of notes payable	$ (21,531)

NON-CONSOLIDATED FINANICAL IN_3

NON-CONSOLIDATED FINANICAL INFORMATION (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash	$ 0	$ 0	$ 0
TOTAL ASSETS	0	0
Liabilities
Accounts payable and accrued expenses	269,526	268,099
Contingent liability - notes	225,200	225,200
Derivative liability - convertible notes	513,185	0
Notes payable - related parties	173,532	163,916
Convertible notes payable	309,682	312,743
Total Current Liabilities	1,941,722	1,173,182
Total Liabilities	1,941,722	$ 1,173,182
Parent [Member]
Current Assets
Cash	0
Total Current Assets	0
Fixed Assets	0
TOTAL ASSETS	0
Liabilities
Accounts payable and accrued expenses	64,407
Contingent liability - legal	0
Contingent liability - notes	0
Derivative liability - warrants	0
Derivative liability - convertible notes	513,185
Notes payable - related parties	173,532
Convertible notes payable	31,500
Total Current Liabilities	782,624
Total Liabilities	782,624
Subsidiary [Member]
Current Assets
Cash	0
Total Current Assets	0
Fixed Assets	0
TOTAL ASSETS	0
Liabilities
Accounts payable and accrued expenses	205,119
Contingent liability - legal	197,283
Contingent liability - notes	225,200
Derivative liability - warrants	221,814
Notes payable - related parties	0
Convertible notes payable	309,682
Total Current Liabilities	1,159,098
Total Liabilities	$ 1,159,098

NON-CONSOLIDATED FINANICAL IN_4

NON-CONSOLIDATED FINANICAL INFORMATION (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenues	$ 0	$ 0
Professional Fees	24,034	60,720
Share based compensation	508,547	$ 0
Parent [Member]
Revenues	0
Cost of good	0
Gross profit	0
Administrative expense	8,091
Professional Fees	24,033
Share based compensation	508,547
Totals operating expenses	540,672
Loss (from) operations	(540,672)
Gain (loss) on derivative liabilities	(513,185)
Gain on write off of liabilities	21,531
Interest expenses	(8,680)
Total Other Income (Expense)	(500,334)
Gain (loss) before income taxe	(1,041,006)
Provision for income tax	0
Net incomes (loss)	(1,041,006)
Subsidiary [Member]
Revenues	0
Cost of good	0
Gross profit	0
Administrative expense	0
Professional Fees	0
Share based compensation	0
Totals operating expenses	0
Loss (from) operations	0
Gain (loss) on derivative liabilities	(215,873)
Gain on write off of liabilities	0
Interest expenses	20,209
Total Other Income (Expense)	(236,082)
Gain (loss) before income taxe	(236,082)
Provision for income tax	0
Net incomes (loss)	$ (236,082)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CEO, CFO and President [Member]
Compensation and bonuses	$ 0	$ 0

ADVANCES AND NOTES PAYABLE TO_2

ADVANCES AND NOTES PAYABLE TO RELATED PARTIES (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
ADVANCES AND NOTES PAYABLE TO RELATED PARTIES
Notes payable - related parties	$ 173,532	$ 163,916

NOTES PAYABLE AND DERIVATIVE _3

NOTES PAYABLE AND DERIVATIVE LIABILITY (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Summary of fair value of derivative liability
Estimated number of underlying shares	1,427,780	1,427,780
Estimated market price per share	$ 0	$ 0
Exercise price per share	$ 0	$ 0
Expected volatility	600.00%	382.00%
Expected dividends	0.00%	0.00%
Expected term (in years)	3 years	3 years
Convertible Notes [Member]
Summary of fair value of derivative liability
Estimated number of underlying shares	3,422,330
Estimated market price per share	$ 0.15
Exercise price per share	$ 0.01
Expected volatility	600.00%
Expected dividends	0.00%
Expected term (in years)	1 year

NOTES PAYABLE AND DERIVATIVE _4

NOTES PAYABLE AND DERIVATIVE LIABILITY (Details 1) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Liabilities:
Derivative liability	$ 734,999	$ 5,941
Total liabilities at fair value	734,999	5,941
Fair Value, Inputs, Level 3 [Member]
Liabilities:
Derivative liability	734,999	5,941
Total liabilities at fair value	734,999	5,941
Fair Value, Inputs, Level 1 [Member]
Liabilities:
Derivative liability	0	0
Total liabilities at fair value	0	0
Fair Value, Inputs, Level 2 [Member]
Liabilities:
Derivative liability	0	0
Total liabilities at fair value	$ 0	$ 0

NOTES PAYABLE AND DERIVATIVE _5

NOTES PAYABLE AND DERIVATIVE LIABILITY (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
NOTES PAYABLE AND DERIVATIVE LIABILITY
Beginning balance, January 1,	$ (5,941)	$ (7,254)
Total gains (lossfes) included in earnings	(215,873)	1,313
Ending balance, December 31,	$ (221,814)	$ (5,941)

NOTES PAYABLE AND DERIVATIVE _6

NOTES PAYABLE AND DERIVATIVE LIABILITY (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related party notes payable and accrued interest	$ 483,214	$ 476,659
Derivative liability	221,814	5,941
Change of fair value of derivative	$ (215,873)	1,313
Discounts rate description	The notes are convertible into common stock, at the election of the holder, at discounts of between 40% and 50%.
Conversion price	$ 0.001
Derivatives, description	The Black-Scholes model values the embedded derivatives based on a risk-free rate of return of 0.0131%, grant dates at December 31, 2020 and December 31, 2019, the term of the warrant extending 3 years from the date of a “reverse merger”, conversion of warrant shares is equal to 0.005% of the then outstanding common stock of the company, the conversion price is $0.001, current stock prices on the measurement date ranging from $0.0007 to $0.1775, and the computed measure of the Company’s stock volatility, ranging from 380% to 600%.
Convertible notes payable	$ 31,500	$ 0
Notes payable contingent liability	$ 225,200
Maximum [Member]
Interest rate	10.00%
Minimum [Member]
Interest rate	6.00%

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
ADVANCES AND NOTES PAYABLE TO RELATED PARTIES
Accounts payable and accrued expenses	$ 269,526	$ 268,099

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2018	Dec. 31, 2019
CAPITAL STOCK
Description of shares issued	During the year ended December 31, 2020, the Company believes that its the Transfer Agent issued a total of 35,568,820 shares erroneously.
Common stock, par value	$ 0.00001	$ 0.00001	$ 0.00001
Common stock, shares issued	353,524,425	65,343,669	285,555,605
Common stock, shares authorized	500,000,000		500,000,000
Common stock,shares outstanding	353,524,425		285,555,605
Combined loss conversion		$ 980,874
Debt and accrued interest		$ 45,172

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES
Cumulative net operating losses	$ 2,197,661	$ 2,197,661
Deferred tax assets: (21% Federal, 0% Delaware)
Net operating loss carry forwards	461,509	461,509
Valuation allowance	$ (461,509)	$ (461,509)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES
Tax benefit at statutory rate	$ (22,694)	$ (22,694)
(Gain) loss on derivative liability	(729,058)	1,313
Change in valuation allowance	0	21,381
Actual tax expenses	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Dec. 31, 2020USD ($)
INCOME TAXES
Net operating loss carry forwards	$ (2,197,661)
Expire date	expire in various years through 2038
Federal and state income tax rates	21.00%
Marginal tax rate	21.00%
Cumulative net operating losses	$ (2,052,107)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2015	Dec. 31, 2020	Dec. 31, 2018
Contingent liability			$ 422,483
Accrued interest and fees			197,283
Notes payable			75,000
Penalties and interest payables		$ 14,884
Total loss		106,884
Accrued fees		92,000
Chief Executive Officer [Member]
Consideration amount		$ 75,000
Agreement description		In October 2015, the Company entered into an agreement with Iconic Holdings (“Iconic”) with our then current CEO, Richard Johnson (“Johnson”). The note on the books for $30,000 was intended to go to a law firm for preparing an S-1 in the amount of $5,000,000, according to the executed term sheet. It is known that based on the financial status of Valley High Mining at the time, there was no way a $5,000,000 S-1 was going to get approved.
Funding amount		$ 5,000,000
Notes One [Member]
Notes payable			10,000
Notes Two [Member]
Notes payable			$ 140,200
Consideration amount	$ 75,000	$ 75,000
Agreement description		The Company would honor the $30,000 ($25,000 net amount) that Iconic wired to the Company.