Hero (HENC) 10-Q 18 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 16, 2023
Cover [Abstract]
Entity Registrant Name	HERO TECHNOLOGIES, INC
Entity Central Index Key	0001324736
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		464,192,444
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-261062
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	77-0643398
Entity Interactive Data Current	Yes
Entity Address Address Line 1	8 The Green Suite 4000
Entity Address City Or Town	Dover
Entity Address State Or Province	DE
Entity Address Postal Zip Code	19901
City Area Code	302
Local Phone Number	538-4165

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash	$ 19,190	$ 34,325
Prepaid expenses	3,282	6,563
Total current assets	22,472	40,888
Non-current Assets
Property and equipment, net of accumulated depreciation	603,833	604,329
Total Non-current assets	603,833	604,329
Total Assets	626,305	645,217
Current Liabilities:
Accounts payable and accrued liabilities	102,905	95,540
Accounts payable and accrued related party liabilities	15,000	15,000
Loans payable, long term portion - non-related party	525,000	525,000
Loans payable, current portion - related party	200,000	200,000
Total current liabilities	842,905	835,540
Total Liabilities	842,905	835,540
STOCKHOLDERS' EQUITY (DEFICIT)
Authorized:10,000,000 preferred shares, par value $0.001 per share 1,000,000 preferred shares at March 31, 2023 (1,000,000 at 2022)	1,000	1,000
Authorized:950,000,000 common shares, par value $0.001 per share 461,192,444 common shares at March 31, 2023 (451,692,444 at 2022)	461,192	451,692
Issued and outstanding:
Additional paid-in capital	39,012,032	38,846,282
Stock Receivable	(15,000)	0
Stock Payable	27,970	27,970
Non-controlling Interest	(120,781)	(119,574)
Accumulated deficit	(39,583,013)	(39,397,693)
Total stockholders' equity (deficit)	(216,600)	(190,323)
Total Liabilities and Stockholders' Equity (Deficit)	$ 626,305	$ 645,217

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS
Preferred Shares Par Value	$ 0.001	$ 0.001
Preferred Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	1,000,000	1,000,000
Preferred Stock, Shares Outstanding	1,000,000	1,000,000
Common Shares Authorized	950,000,000	950,000,000
Common Shares Par Value	$ 0.001	$ 0.001
Common Shares Issued	461,192,444	451,692,444
Common Shares Outstanding	461,192,444	451,692,444

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Expenses:
Consulting	$ 6,695	$ 7,646
Compensation expense	152,750	153,800
Office, travel, and general	5,071	19,495
Professional Fees	7,781	26,601
Depreciation	496	496
Total expenses	(172,793)	(208,138)
Other income (expense)
Interest income	183	0
Interest expense	(13,917)	(37,831)
Total other income (expense)	(13,734)	0
Net Loss	(186,527)	(245,969)
Non-controlling interest in (income) loss of consolidated subsidiaries	1,207	373
Net loss attributable to the company	$ (185,320)	$ (245,596)
Weighted Average Number of Basic and Diluted Common Shares Outstanding	457,575,777	443,952,889
Basic and Diluted Net Loss Per Common Share	$ 0	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Stock Payable	Stock Receivable [Member]	Non-Controlling Interest	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2021		442,977,000	1,000,000
Balance, amount at Dec. 31, 2021	$ (15,582)	$ 442,977	$ 1,000	$ 38,461,909	$ 27,970	$ 0	$ (93,328)	$ 0	$ (38,856,110)
Investment Units issued for cash at $.02 per unit, shares		1,000,000
Investment Units issued for cash at $.02 per unit, amount	20,000	$ 1,000		19,000	0	0	0
Issued for services, shares		1,480,000
Issued for services, amount	68,500	$ 1,480	0	67,020	0	0	0	0	0
Common Stock - Related party compensation, shares		4,235,444
Common Stock - Related party compensation, amount	182,088	$ 4,235		177,853	0	0	0
Imputed interested on outstanding loan	22,500		0	22,500	0	0	0	0	0
Investment Units issued for cash at $.05 per unit, shares		2,000,000
Investment Units issued for cash at $.05 per unit, amount	100,000	$ 2,000	0	98,000	0	0	0	0	0
Non-Controlling Interest	(26,246)	$ 0	$ 0	0	0	0	(26,246)	0	0
Net Loss	(541,583)				0	0	0		(541,583)
Balance, shares at Dec. 31, 2022		451,692,444	1,000,000
Balance, amount at Dec. 31, 2022	(190,323)	$ 451,692	$ 1,000	38,846,282	27,970	0	(119,574)	0	(39,397,693)
Common Stock - Related party compensation, shares		2,000,000
Common Stock - Related party compensation, amount	33,000	$ 2,000	0	31,000	0	0	0
Non-Controlling Interest	(1,207)				0	0	(1,207)
Net Loss	(185,320)	$ 0	0		0	0	0		(185,320)
Investment units issued for cash at $0.01 per unit, shares		1,500,000
Investment units issued for cash at $0.01 per unit, amount	0	$ 1,500	$ 0	13,500	0	(15,000)	0
Inputed interest on loan	7,500	$ 0		7,500	0	0	0
Common Stock - Non-Related party compensation, shares		6,000,000
Common Stock - Non-Related party compensation, amount	119,750	$ 6,000		113,750		0
Balance, shares at Mar. 31, 2023		461,192,444	1,000,000
Balance, amount at Mar. 31, 2023	$ (216,600)	$ 461,192	$ 1,000	$ 39,012,032	$ 27,970	$ (15,000)	$ (120,781)	$ 0	$ (39,583,013)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
OPERATING ACTIVITIES:
Net loss attributable to Hero Technologies Inc.	$ (185,320)	$ (245,596)	$ (541,583)
Non-controlling interest in income (loss) of consolidated subsidiaries	(1,207)	(373)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for services	152,750	153,800
Depreciation expense	496	496
Imputed Interest	7,500	0
Discount amortization	0	30,412
Change in operating assets and liabilities:
Prepaid expenses	3,281	1,378
Accounts payable and accrued liabilities	7,365	6,943
Cash used in operating activities	(15,135)	(52,940)
FINANCING ACTIVITIES:
Proceeds from sale of common stock	0	0
Borrowings on debt	0	0
Cash provided by financing activities	0	0
NET INCREASE (DECREASE) IN CASH	(15,135)	(52,940)
CASH, BEGINNING OF YEAR	34,325	174,477	174,477
CASH, END OF YEAR	19,190	121,537	$ 34,325
NON-CASH INVESTING ACTIVITIES
Land financed with debt	0	525,000
Stock Receivable for shares issued	$ 15,000	$ 0

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2023
NATURE OF OPERATIONS
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS Hero Technologies Inc. (the “Company”) was incorporated in the State of Nevada on May 14, 2004. The Company had previously focused on oil and gas exploration in Australia’s Cooper Basin. During 2019, the Company sold its remaining oil and gas assets and discontinued operations in the energy industry. As a result, the financial results related to the oil and gas activity were reflected in the consolidated statements of operations discontinued operations. Hero Technologies Inc. is a cannabis company with a vertically-integrated business model. The company has a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. The company’s business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging and retail operations, and dispensaries that make the company a multi-state operator (MSO). The Company’s consolidated financial statements are prepared on a going concern basis in accordance with generally accepted accounting principles in the United States (“US GAAP”) which contemplates the realization of assets and discharge of liabilities and commitments in the normal course of business. The Company has not generated operating revenues and has funded its operations through the issuance of capital stock. There is no certainty that further funding will be available as needed. These factors raise substantial doubt about the ability of the Company to continue operating as a going concern. The Company’s ability to continue its operations as a going concern, realize the carrying value of its assets, and discharge its liabilities in the normal course of business is dependent upon: the continued support of its controlling shareholders, its ability to raise capital sufficient to fund its commitments and ongoing losses, and ultimately generating profitable operations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
NATURE OF OPERATIONS
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These consolidated financial statements and related notes are presented in accordance with US GAAP, and are expressed in United States dollars. These statements include the accounts of the Company and its wholly owned subsidiaries First Endeavor Holdings, Inc. (“FEH”), Veteran Hemp Co (“Veteran”), and its majority owned subsidiary Blackbox Technologies and Systems (“Blackbox”). All intercompany transactions and balances have been eliminated. In the opinion of management, all adjustments, all of which are of a normal recurring nature, considered necessary for a fair presentation have been included. Accounts Receivable Accounts receivable consist of trade receivables and are carried at their estimated collectible amounts. The Company provides credit to its clients in the form of payment terms. The Company limits its credit risk by performing credit evaluations of its clients and maintaining a reserve, if deemed necessary, for potential credit losses. Such evaluations include the review of a client’s outstanding balances with consideration towards such client’s historical collection experience, as well as prevailing economic and market conditions and other factors. Based on such evaluations, the Company determined to write off $620 of accounts receivable at the end of December 31, 2022. The total accounts receivable was $0 at March 31, 2023 and $0 as of December 31, 2022. Property and Equipment Property and equipment is stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight- line method over the estimated useful lives of the assets, ranging from three to seven years. The cost and related accumulated depreciation and amortization of property and equipment sold or otherwise disposed of are removed from the accounts and any gain or loss is reported as current period income or expense. The costs of repairs and maintenance are expensed as incurred. The total value of property and equipment at March 31, 2023 is $603,833 and $604,330 at December 31, 2022. Asset Purchase Price Accumulated Depreciation Land (2022-current) 600,000 0 Furniture and Fixtures 5-7 Years (2021-current) $ 6,030 $ (2,715 ) Computer Equipment and Software 3-5 Years (2021-current) 2,331 (1,813 ) Intangible Assets / Goodwill The Company accounts for certain intangible assets at cost. Management reviews these intangible assets for probable impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication of impairment, management would prepare an estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual disposition. If these estimated cash flows were less than the carrying amount, an impairment loss would be recognized to write down the asset to its estimated fair value. The Company performed a qualitative assessment of certain of its intangible assets and determined that $60,700 of intangible trademarks and customer base included with the Veteran Hemp Co acquisition be impaired and that $5,881 of goodwill associated to Veteran Hemp Co be impaired as of December 31, 2021. Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Revenue Recognition The Company recognizes sales when merchandise is shipped from a warehouse directly to wholesale customers (except in the case of a consignment sale). For consignment sales, the Company recognizes sales upon the consignee’s shipment to the customer. Postage and handling charges billed to customers are also recognized as sales upon shipment of the related merchandise. Shipping terms are generally FOB shipping point, and title passes to the customer at the time and place of shipment or purchase by customers at a retail location. For consignment sales, title passes to the consignee concurrent with the consignee’s shipment to the customer. The customer has no cancellation privileges after shipment or upon purchase at retail locations, other than customary rights of return. The Company excludes sales tax collected and remitted to various states from sales and cost of sales. Cash, Cash Equivalents The Company considers all highly liquid instruments with an original maturity of three months or less at the time of issuance to be cash equivalents. Cash totaled $19,190 and $34,325 at March 31, 2023 and December 31, 2022, respectively. The Company is exposed to a concentration of credit risk with respect to its cash deposits. The Company places cash deposits with highly rated financial institutions in the United States. At times, cash balances held in financial institutions may be more than insured limits. The Company believes the financial institutions are financially strong and the risk of loss is minimal. The Company has not experienced any losses with respect to the related risks and does not believe its exposure to such risks is more than normal. Fair Market Measurements The Company estimates the fair values of financial and non-financial assets and liabilities under ASC Topic 820 “ Fair Value Measurements and Disclosures Valuation techniques are generally classified into three categories: the market approach; the income approach; and the cost approach. The selection and application of one or more of these techniques requires significant judgment and is primarily dependent upon the characteristics of the asset or liability, the principal (or most advantageous) market in which participants would transact for the asset or liability and the quality and availability of inputs. Inputs to valuation techniques are classified as either observable or unobservable within the following hierarchy: · Level 1 - quoted prices in active markets for identical assets or liabilities. · Level 2 - inputs other than quoted prices which are observable for an asset or liability. These include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). · Level 3 -unobservable inputs that reflect the Company’s own expectations about the assumptions that market participants would use in measuring the fair value of an asset or liability. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the instruments or market and the instrument’s complexity. In accordance with ASC Topic 820, valuation techniques used for assets and liabilities accounted for at fair value are generally categorized into three types: market approach, income approach and cost approach. The Company had no outstanding securities at March 31, 2023. The Company uses the market approach technique to account for its financial instruments at fair value for the period ended March 31, 2023, and the application of this technique applied to similar assets and liabilities has been applied on a consistent basis. Income Taxes Income taxes are determined using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the 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 income in the period that includes that date of enactment. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. The Company accounts for uncertainty in income taxes by applying a two-step method. First, it evaluates whether a tax position has met a more likely than not recognition threshold, and second, it measures that tax position to determine the amount of benefit, if any, to be recognized in the financial statements. The application of this method did not have a material effect on the Company’s consolidated financial statements. Stock Based Compensation The Company records compensation expense in the consolidated financial statements for share based payments using the fair value method. The fair value of stock options granted to directors and employees is determined using the Black-Scholes option valuation model at the time of grant. Fair value for common shares issued for goods or services rendered by non-employees is measured based on the fair value of the goods and services received. Share-based compensation is expensed with a corresponding increase to share capital. Upon the exercise of the stock options, the consideration paid is recorded as an increase in share capital. Other Comprehensive Income (Loss) The Company reports and displays comprehensive income and loss and its components in the consolidated financial statements. For the years ended March 31, 2023 and 2022, the only components of comprehensive income were foreign currency translation adjustments. Earnings (Loss) Per Share The Company presents both basic and diluted earnings per share (“EPS”) on the face of the consolidated statements of operations. Basic EPS is computed by dividing net earnings (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including convertible debt, stock options, and warrants, using the treasury stock method. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. Diluted EPS figures are equal to those of Basic EPS for each period since the Company had no securities outstanding during periods in which the Company generated net income that were potentially dilutive. Recently Adopted Accounting Pronouncements During the year ended December 31, 2022, the Company adopted ASC 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 47020) and Derivatives and Hedging – Contracts in Entities Own Equity (Subtopic 81540).” ASC 2020-06 reduces the number of acceptable methods of accounting models for convertible debt instruments and convertible preferred stocks. The implementation of ASC 2020-06 had no material impact on the Company’s consolidated financial statements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	3. RELATED PARTY TRANSACTIONS Interest to related parties was $0 at March 31, 2022 compared to $15,000 at December 31, 2022. On March 15, 2022, the Company issued 2,000,000 shares of restricted common stock to Topline Holdings Inc in consideration for advisor and managerial services. The shares were priced at $0.052 at a fair value of $104,000. On September 9, 2022, the Company issued Topline Holdings Inc 2,000,000 shares of restricted common stock in consideration for advisor and managerial services at a fair value of $66,000 at a stock price of $0.033. On September 27, 2022, the Company issued Richard Bowersock Inc 166,000 shares of restricted common stock in consideration for consulting services at a fair value of $9,130 at a stock price of $0.055. On October 1, 2021 the Company entered into a note to borrow $200,000 over a 6 month period with interest of $15,000 and issuance of 750,000 shares of common stock to an unrelated accredited investor. The common shares were at fair value at a stock price of $0.081 per share. The common shares were at fair value at a stock price of $0.081 per share and were issued as an inducement to provide the note. This has been treated as a discount and amortized over the life of the note. On October 13, 2021 the Company engaged North Equities for three months of consulting services to assist with Social Media and Client Outreach. In consideration for these services the company issued 632,912 shares of common stock at a fair value of $50,000 at a stock price of $0.079. On November 7, 2022, the Company issued Marcin Drwila 69,444 shares of restricted common stock in consideration for consulting services at a fair value of $2,958 at a stock price of $0.043. On March 31, 2023, the Company issued Topline Holdings Inc 2,000,000 shares of restricted common stock in consideration for advisor and managerial services at a fair value of $33,000 at a stock price of $0.0165.

CAPITAL STOCK

CAPITAL STOCK	3 Months Ended
	Mar. 31, 2023
CAPITAL STOCK
CAPITAL STOCK	4. CAPITAL STOCK Preferred Stock On May 1, 2020, the Company issued 1,000,000 shares of its Series A preferred stock to Magenta Value Holdings, LLC resulting in a change in management of the entity. The Series A preferred shares have the right to cast 90% of the total votes with respect to any and all matters presented to the stockholders of the Company for their action or consideration. The Series A preferred shares are not entitled to any dividends or liquidation preferences and are not convertible into shares of the Company’s common stock. Common Stock On July 20, 2020, the Company changed its name from Holloman Energy Corporation to Hero Technologies Inc. and increased its authorized capitalization to 950,000,000 shares of common stock with a par value of $0.001. On January 19, 2022, the Company issued 330,000 shares of restricted common stock to Juddah Holdings LLC in consideration for consulting services. The shares were priced at $0.05. at a fair value of $19,800. On February 5, 2022, the Company issued 600,000 shares of restricted common stock to Jack Becker in consideration for consulting services. The shares were priced at $0.052. at a fair value of $30,000. On March 15, 2022, the Company issued 2,000,000 shares of restricted common stock to Topline Holdings Inc in consideration for advisor and managerial services. The shares were priced at $0.052 at a fair value of $104,000. On June 27, 2022, the Company sold 2,000,000 shares of common stock to an unrelated accredited investor. The shares were sold at a price of $0.05 per share. Proceeds from the private placement totaled $100,000. The entire $100,000 was paid in cash. On September 09, 2022, the Company issued Topline Holdings Inc 2,000,000 shares of restricted common stock in consideration for advisor and managerial services at a fair value of $66,000 at a stock price of $0.033. On September 5, 2022, the Company issued 550,000 shares of restricted common stock to Jack Becker in consideration for consulting services. The shares were priced at $0.034 at a fair value of $18,700. On September 27, 2022, the Company issued 166,000 shares of restricted common stock to Richard Bowersock in consideration for consulting services. The shares were priced at $0.055 at a fair value of $9,130. On November 1, 2022, the Company sold 1,000,000 shares of common stock to an unrelated accredited investor. The shares were sold at a price of $0.020 per share. Proceeds from the private placement totaled $20,000. The entire $20,000 was paid in cash. On November 7, 2022, the Company issued Marcin Drwila 69,444 shares of restricted common stock in consideration for consulting services at a fair value of $2.958 at a stock price of $0.043. On January 3, 2023, the Company issued 5,000,000 shares of restricted common stock to Igala Commonwealth Limited Trust Company in consideration for consulting services. The shares were priced at $0.020 at a fair value of $100,000. On January 30, 2023, the Company sold 1,500,000 shares of common stock to an unrelated accredited investor. The shares were sold at a price of $0.010 per share. Proceeds from the private placement totaled $15,000. The entire $15,000 is to be paid in cash and has been recorded as a stock receivable as of March 31, 2023. On February 2, 2023, the Company issued 500,000 shares of restricted common stock to Shereef Elkhafif in consideration for consulting services. The shares were valued based on the day’s closing price at $0.023 and a fair value of $11,500. On March 31, 2023, the Company issued Topline Holdings Inc 2,000,000 shares of restricted common stock in consideration for advisor and managerial services at a fair value of $33,000 which was based on the day’s share closing price of $0.0165. This is a related party transaction. On March 31, 2023, the Company issued 500,000 shares of restricted common stock to Shereef Elkhafif in consideration for consulting services. The shares were valued based on the day’s closing price at $0.0165 and a fair value of $8,250.

NONCONTROLLLING INTEREST

NONCONTROLLLING INTEREST	3 Months Ended
	Mar. 31, 2023
NONCONTROLLLING INTEREST
NONCONTROLLLING INTEREST	5. NON-CONTROLLLING INTEREST Non-controlling interest in loss of consolidated subsidiaries was $1,207 and $26,246 for March 31, 2023 and December 31, 2022 respectively. The loss from non-controlling interest resulted in the legal and early construction expenses related to Blackbox Technologies and Systems Inc.’s commencement of the Michigan growth facility. The Company has a 51% equity interest in Blackbox Technologies and Systems. LLC. Blackbox Technologies and Systems, LLC .

PREPAIDS

PREPAIDS	3 Months Ended
	Mar. 31, 2023
PREPAIDS
PREPAIDS	6. PREPAIDS Prepaids consisted primarily of OTC annual fees totaling $3,282 and $6,563 for March 31, 2023 and December 31, 2022 respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	7. COMMITMENTS AND CONTINGENCIES Legal Proceedings The Company may be subject to legal proceedings and claims arising from contracts or other matters from time to time in the ordinary course of business. Management is not aware of any pending or threatened litigation where the ultimate disposition or resolution could have a material adverse effect on its financial position, results of operations or liquidity.

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT	3 Months Ended
	Mar. 31, 2023
PROPERTY, PLANT, AND EQUIPMENT
PROPERTY, PLANT, AND EQUIPMENT	8. PROPERTY, PLANT, AND EQUIPMENT Property and equipment is stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight- line method over the estimated useful lives of the assets, ranging from three to seven years. The cost and related accumulated depreciation and amortization of property and equipment sold or otherwise disposed of are removed from the accounts and any gain or loss is reported as current period income or expense. The costs of repairs and maintenance are expensed as incurred. The total value of property and equipment at March 31, 2023 is $603,833 and $604,330 at December 31, 2022. Asset Purchase Price Accumulated Depreciation Land (2022-current) 600,000 0 Furniture and Fixtures 5-7 Years (2021-current) $ 6,030 $ (2,715 ) Computer Equipment and Software 3-5 Years (2021-current) 2,331 (1,813 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	9. SUBSEQUENT EVENTS On April 6, 2023, the Company issued 750,000 shares of restricted common stock to Shereef Elkhafif in consideration for consulting services. On April 6, 2023, the Company issued 250,000 shares of restricted common stock to Aaron Scott Haney in consideration for consulting services. On April 6, 2023, the Company issued 250,000 shares of restricted common stock to Calum Rodger in consideration for consulting services. On April 7, 2023, the Company issued 250,000 shares of restricted common stock to Shereef Elkhafif in consideration for consulting services. On April 10, 2023, the Company issued 1,000,000 shares of restricted common stock to Shereef Elkhafif in consideration for consulting services. On April 10, 2023, the Company issued 500,000 shares of restricted common stock to Ryan Smith in consideration for consulting services. On April 17, 2023, the Company assigned their 10-acre property in the Vassar Township to DMB LLC in consideration for undertaking all liabilities associated to the land. On May 4, 2023 HENC executed a Letter of Intent with LoadzPro by which HENC will acquire all the outstanding shares of LoadzPro in accordance with the following terms: (1) HENC will issue subordinate convertible preferred shares in the amount of $5,000,000 to all LoadzPro shareholders; (2) The convertible preferred shares in the face amount of 5 million dollars are convertible only into control shares of LoadzPro when it is spun out. Loadzpro is an AI Powered Digital Freight Company that leverages its network of 10,000+ Trucks & Truck Drivers to move loads for shippers.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
NATURE OF OPERATIONS
Basis Of Presentation	These consolidated financial statements and related notes are presented in accordance with US GAAP, and are expressed in United States dollars. These statements include the accounts of the Company and its wholly owned subsidiaries First Endeavor Holdings, Inc. (“FEH”), Veteran Hemp Co (“Veteran”), and its majority owned subsidiary Blackbox Technologies and Systems (“Blackbox”). All intercompany transactions and balances have been eliminated. In the opinion of management, all adjustments, all of which are of a normal recurring nature, considered necessary for a fair presentation have been included.
Accounts Receivable	Accounts receivable consist of trade receivables and are carried at their estimated collectible amounts. The Company provides credit to its clients in the form of payment terms. The Company limits its credit risk by performing credit evaluations of its clients and maintaining a reserve, if deemed necessary, for potential credit losses. Such evaluations include the review of a client’s outstanding balances with consideration towards such client’s historical collection experience, as well as prevailing economic and market conditions and other factors. Based on such evaluations, the Company determined to write off $620 of accounts receivable at the end of December 31, 2022. The total accounts receivable was $0 at March 31, 2023 and $0 as of December 31, 2022.
Property and Equipment	Property and equipment is stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight- line method over the estimated useful lives of the assets, ranging from three to seven years. The cost and related accumulated depreciation and amortization of property and equipment sold or otherwise disposed of are removed from the accounts and any gain or loss is reported as current period income or expense. The costs of repairs and maintenance are expensed as incurred. The total value of property and equipment at March 31, 2023 is $603,833 and $604,330 at December 31, 2022. Asset Purchase Price Accumulated Depreciation Land (2022-current) 600,000 0 Furniture and Fixtures 5-7 Years (2021-current) $ 6,030 $ (2,715 ) Computer Equipment and Software 3-5 Years (2021-current) 2,331 (1,813 )
Intangible Assets /goodwill	The Company accounts for certain intangible assets at cost. Management reviews these intangible assets for probable impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication of impairment, management would prepare an estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual disposition. If these estimated cash flows were less than the carrying amount, an impairment loss would be recognized to write down the asset to its estimated fair value. The Company performed a qualitative assessment of certain of its intangible assets and determined that $60,700 of intangible trademarks and customer base included with the Veteran Hemp Co acquisition be impaired and that $5,881 of goodwill associated to Veteran Hemp Co be impaired as of December 31, 2021.
Use of Estimates	The preparation of consolidated financial statements in conformity with US GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Revenue Recognition	The Company recognizes sales when merchandise is shipped from a warehouse directly to wholesale customers (except in the case of a consignment sale). For consignment sales, the Company recognizes sales upon the consignee’s shipment to the customer. Postage and handling charges billed to customers are also recognized as sales upon shipment of the related merchandise. Shipping terms are generally FOB shipping point, and title passes to the customer at the time and place of shipment or purchase by customers at a retail location. For consignment sales, title passes to the consignee concurrent with the consignee’s shipment to the customer. The customer has no cancellation privileges after shipment or upon purchase at retail locations, other than customary rights of return. The Company excludes sales tax collected and remitted to various states from sales and cost of sales.
Cash, Cash Equivalents and the Fair Value of Financial Instruments	The Company considers all highly liquid instruments with an original maturity of three months or less at the time of issuance to be cash equivalents. Cash totaled $19,190 and $34,325 at March 31, 2023 and December 31, 2022, respectively. The Company is exposed to a concentration of credit risk with respect to its cash deposits. The Company places cash deposits with highly rated financial institutions in the United States. At times, cash balances held in financial institutions may be more than insured limits. The Company believes the financial institutions are financially strong and the risk of loss is minimal. The Company has not experienced any losses with respect to the related risks and does not believe its exposure to such risks is more than normal.
Fair Market Measurements	The Company estimates the fair values of financial and non-financial assets and liabilities under ASC Topic 820 “ Fair Value Measurements and Disclosures Valuation techniques are generally classified into three categories: the market approach; the income approach; and the cost approach. The selection and application of one or more of these techniques requires significant judgment and is primarily dependent upon the characteristics of the asset or liability, the principal (or most advantageous) market in which participants would transact for the asset or liability and the quality and availability of inputs. Inputs to valuation techniques are classified as either observable or unobservable within the following hierarchy: · Level 1 - quoted prices in active markets for identical assets or liabilities. · Level 2 - inputs other than quoted prices which are observable for an asset or liability. These include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). · Level 3 -unobservable inputs that reflect the Company’s own expectations about the assumptions that market participants would use in measuring the fair value of an asset or liability. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the instruments or market and the instrument’s complexity. In accordance with ASC Topic 820, valuation techniques used for assets and liabilities accounted for at fair value are generally categorized into three types: market approach, income approach and cost approach. The Company had no outstanding securities at March 31, 2023. The Company uses the market approach technique to account for its financial instruments at fair value for the period ended March 31, 2023, and the application of this technique applied to similar assets and liabilities has been applied on a consistent basis.
Income Taxes	Income taxes are determined using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the 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 income in the period that includes that date of enactment. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. The Company accounts for uncertainty in income taxes by applying a two-step method. First, it evaluates whether a tax position has met a more likely than not recognition threshold, and second, it measures that tax position to determine the amount of benefit, if any, to be recognized in the financial statements. The application of this method did not have a material effect on the Company’s consolidated financial statements.
Stock Based Compensation	The Company records compensation expense in the consolidated financial statements for share based payments using the fair value method. The fair value of stock options granted to directors and employees is determined using the Black-Scholes option valuation model at the time of grant. Fair value for common shares issued for goods or services rendered by non-employees is measured based on the fair value of the goods and services received. Share-based compensation is expensed with a corresponding increase to share capital. Upon the exercise of the stock options, the consideration paid is recorded as an increase in share capital.
Other Comprehensive Income (Loss)	The Company reports and displays comprehensive income and loss and its components in the consolidated financial statements. For the years ended March 31, 2023 and 2022, the only components of comprehensive income were foreign currency translation adjustments.
Earnings (Loss) Per Share	The Company presents both basic and diluted earnings per share (“EPS”) on the face of the consolidated statements of operations. Basic EPS is computed by dividing net earnings (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including convertible debt, stock options, and warrants, using the treasury stock method. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. Diluted EPS figures are equal to those of Basic EPS for each period since the Company had no securities outstanding during periods in which the Company generated net income that were potentially dilutive.
Recently Adopted Accounting Pronouncements	During the year ended December 31, 2022, the Company adopted ASC 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 47020) and Derivatives and Hedging – Contracts in Entities Own Equity (Subtopic 81540).” ASC 2020-06 reduces the number of acceptable methods of accounting models for convertible debt instruments and convertible preferred stocks. The implementation of ASC 2020-06 had no material impact on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2023
NATURE OF OPERATIONS
Schedule Of Property And Equipment	Asset Purchase Price Accumulated Depreciation Land (2022-current) 600,000 0 Furniture and Fixtures 5-7 Years (2021-current) $ 6,030 $ (2,715 ) Computer Equipment and Software 3-5 Years (2021-current) 2,331 (1,813 )

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2023
PROPERTY, PLANT, AND EQUIPMENT
Schedule Of PROPERTY, PLANT, AND EQUIPMENT	Asset Purchase Price Accumulated Depreciation Land (2022-current) 600,000 0 Furniture and Fixtures 5-7 Years (2021-current) $ 6,030 $ (2,715 ) Computer Equipment and Software 3-5 Years (2021-current) 2,331 (1,813 )

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Asset Purchase Price	$ 603,833	$ 604,330
Furniture and Fixtures
Asset Purchase Price	6,030
Accumulated Depreciation	$ (2,715)
Furniture and Fixtures | Minimum
Useful life	5 years
Furniture and Fixtures | Maximum
Useful life	7 years
Computer Equipment and Software
Asset Purchase Price	$ 2,331
Accumulated Depreciation	$ (1,813)
Computer Equipment and Software | Minimum
Useful life	3 years
Computer Equipment and Software | Maximum
Useful life	5 years
Land
Asset Purchase Price	$ 600,000
Accumulated Depreciation	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2023
NATURE OF OPERATIONS
Impairment of intangibles		$ 60,700
Account receivable	$ 0		$ 0
Account receivable write off	620
Property and equipment	604,330		603,833
Cash	$ 34,325		$ 19,190
Goodwill impairment		$ 5,881

RELATED PARTY TRANSACTION (Deta

RELATED PARTY TRANSACTION (Details Narrative) - USD ($)						1 Months Ended	3 Months Ended
	Nov. 07, 2022	Sep. 09, 2022	Mar. 15, 2022	Oct. 13, 2021	Oct. 04, 2021	Sep. 27, 2022	Mar. 31, 2023	Mar. 31, 2022
Consulting services at fair value	$ 2,958
Topline Holdings Inc [Member]
Fair Value Of Common Stock		$ 66,000	$ 104,000
Stock Price		$ 0.033
Issued Shares Of Restricted Stock Private Offering		2,000,000	2,000,000
Priced Of Restricted Stock			$ 0.052
Richard Bowersock [Member]
Fair Value Of Common Stock						$ 9,130
Stock Price						$ 0.055
Issued Shares Of Restricted Stock Private Offering						166,000
Social Media and Client Outreach [Member]
Fair Value Of Common Stock				$ 50,000
Issued for services, shares				632,912
Stock Price				$ 0.079
Marcin Drwila
Stock Price	$ 0.043
Issued Shares Of Restricted Stock Private Offering	69,444
Consulting services at fair value	$ 2,958
Topline Holdings Inc 1 [Member]
Stock Price							$ 0.0165
Issued Shares Of Restricted Stock Private Offering							2,000,000
Consulting services at fair value							$ 33,000
Common Stocks [Member]
Interest Related Party								$ 15,000
Interest from brrow amount					$ 15,000
Borrowing amount					$ 200,000
Issued for services, shares					750,000
Stock Price					$ 0.081		$ 0.081

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - USD ($)										1 Months Ended
	Feb. 02, 2023	Jan. 03, 2023	Nov. 07, 2022	Nov. 02, 2022	Sep. 09, 2022	Sep. 05, 2022	Mar. 15, 2022	Feb. 05, 2022	May 01, 2020	Mar. 31, 2023	Jan. 30, 2023	Sep. 27, 2022	Jun. 27, 2022	Jan. 19, 2022	Dec. 31, 2022	Jul. 20, 2020
Common Stock Shares, Authorized										950,000,000					950,000,000	950,000,000
Consulting services at fair value			$ 2,958
Common Stock Shares, Par Value										$ 0.001					$ 0.001	$ 0.001
Sold Price				$ 0.020							$ 0.010
Common stock, shares sold			69,444	1,000,000							1,500,000
Proceeds From Issuance Of Private Placement				$ 20,000							$ 15,000
Proceeds From The Private Placement Paid In Cash				$ 20,000							$ 15,000
Stock Price			$ 0.043
Topline Holdings Inc [Member]
Issued Restricted Stock, shares					2,000,000		2,000,000			2,000,000
Share Price Of Restricted Stock					$ 0.033		$ 0.052			$ 0.0165
Fair Value Restricted Common Stock					$ 66,000		$ 104,000			$ 33,000
Richard Bowersock [Member]
Issued Restricted Stock, shares												166,000
Share Price Of Restricted Stock												$ 0.055
Fair Value Restricted Common Stock												$ 9,130
Unrelated Accredited Investor [Member]
Common stock, shares sold													2,000,000
Proceeds From Issuance Of Private Placement													$ 100,000
Proceeds From The Private Placement Paid In Cash													$ 100,000
Common stock, sold price													$ 0.05
Juddah Holdings LLC [Member]
Issued Restricted Stock, shares														330,000
Share Price Of Restricted Stock														$ 0.05
Fair Value Restricted Common Stock														$ 19,800
Jack Becker [Member]
Issued Restricted Stock, shares						550,000		600,000
Share Price Of Restricted Stock						$ 0.034		$ 0.052
Fair Value Restricted Common Stock						$ 18,700		$ 30,000
Magenta Value Holdings, LLC [Member]
Number Of Shares Issued Preferred Stock									1,000,000
Right To Votes									90%
Igala Commonwealth Limited [Member]
Issued Restricted Stock, shares		5,000,000
Share Price Of Restricted Stock		$ 0.020
Fair Value Restricted Common Stock		$ 100,000
Shereef Elkhafif [Member]
Issued Restricted Stock, shares	500,000									500,000
Share Price Of Restricted Stock	$ 0.023									$ 0.0165
Fair Value Restricted Common Stock	$ 11,500									$ 8,250

NONCONTROLLLING INTEREST (Detai

NONCONTROLLLING INTEREST (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Loss from non controlling interest	$ 1,207	$ 26,246
Blackbox Technologies and Systems. LLC [Member]
Equity interest	51%

PREPAIDS (Details Narrative)

PREPAIDS (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
PREPAIDS
Prepaid Expenses	$ 3,282	$ 6,563

PROPERTY, PLANT, AND EQUIPMEN_2

PROPERTY, PLANT, AND EQUIPMENT (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Asset Purchase Price	$ 603,833	$ 604,330
Furniture and Fixtures
Asset Purchase Price	6,030
Accumulated Depreciation	$ (2,715)
Furniture and Fixtures | Minimum
Useful life	5 years
Furniture and Fixtures | Maximum
Useful life	7 years
Computer Equipment and Software
Asset Purchase Price	$ 2,331
Accumulated Depreciation	$ (1,813)
Computer Equipment and Software | Minimum
Useful life	3 years
Computer Equipment and Software | Maximum
Useful life	5 years
Land
Asset Purchase Price	$ 600,000
Accumulated Depreciation	$ 0

PROPERTY PLANT AND EQUIPMENT (D

PROPERTY PLANT AND EQUIPMENT (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
PROPERTY, PLANT, AND EQUIPMENT
Asset Purchase Price	$ 603,833	$ 604,330

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	May 04, 2023 USD ($)	Apr. 10, 2023 shares	Apr. 07, 2023 shares	Apr. 06, 2023 shares	Apr. 17, 2023 a
Convertible preferred shares | $	$ 5,000,000
Issue subordinate convertible preferred shares | $	$ 5,000,000
April 6 2023 [Member] | Shereef Elkhafif [Member]
Issue of restricted common stock				750,000
April 6 2023 [Member] | Aaron Scott Haney [Member]
Issue of restricted common stock				250,000
April 6 2023 [Member] | Calum Rodger [Member]
Issue of restricted common stock				250,000
April 7 2023 [Member] | Shereef Elkhafif [Member]
Issue of restricted common stock			250,000
April 10 2023 [Member] | Shereef Elkhafif [Member]
Issue of restricted common stock		1,000,000
April 10 2023 [Member] | Ryan Smith [Member]
Issue of restricted common stock		500,000
April 17 2023 [Member] | DMB LLC [Member]
Lease area of land | a					10