Cover
Cover | 3 Months Ended |
Mar. 31, 2022 | |
Entity Addresses [Line Items] | |
Document Type | POS AM |
Amendment Flag | true |
Amendment Description | This Post-Effective Amendment No. 1 to the Registration Statement on Form S-1 (File No. |
Entity Registrant Name | CLEAN ENERGY TECHNOLOGIES, INC. |
Entity Central Index Key | 0001329606 |
Entity Tax Identification Number | 20-2675800 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 2990 Redhill Ave |
Entity Address, City or Town | Costa Mesa |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 92626 |
City Area Code | (949) |
Local Phone Number | 273-4990 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Business Contact [Member] | |
Entity Addresses [Line Items] | |
Entity Address, Address Line One | Clean Energy Technologies |
Entity Address, Address Line Two | 2990 Redhill Ave |
Entity Address, City or Town | Costa Mesa |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 92626 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Current Assets: | |||
Cash | $ 1,221,219 | $ 1,192,316 | $ 414,885 |
Accounts receivable - net | 1,119,438 | 693,032 | 265,738 |
Lease receivable asset | 217,584 | 217,584 | 217,584 |
Prepaid | 13,973 | 40,380 | |
Inventory | 636,063 | 462,192 | 557,820 |
Total Current Assets | 3,208,277 | 2,605,504 | 1,456,027 |
Property and Equipment - Net | 28,466 | 33,016 | 53,432 |
Goodwill | 747,976 | 747,976 | 747,976 |
LWL Intangibles | 1,468,709 | 1,468,709 | |
Convertible Note Receivable | 805,751 | ||
Long-term financing receivables - net | 684,770 | 684,770 | 752,500 |
License | 354,322 | 354,322 | 354,322 |
Patents | 112,600 | 115,569 | 127,445 |
Right of use asset - long term | 343,158 | 395,607 | 606,569 |
Other Assets | 26,801 | 26,801 | 25,400 |
Total Non Current assets | 4,544,087 | 3,793,754 | 2,667,644 |
Total Assets | 7,780,830 | 6,432,274 | 4,123,671 |
Current Liabilities: | |||
Accounts payable | 668,543 | 606,814 | 1,544,544 |
Accrued Expenses | 122,614 | 143,847 | 503,595 |
Customer Deposits | 90,516 | 24,040 | 82,730 |
Warranty Liability | 100,000 | 100,000 | 100,000 |
Deferred Revenue | 33,000 | 33,000 | 33,000 |
Derivative Liability | 240,669 | 256,683 | 2,008,802 |
Facility Lease Liability - current | 213,474 | 213,474 | 249,132 |
Line of Credit | 1,153,956 | 1,169,638 | 1,680,350 |
Notes payable - GE | 2,512,056 | 2,498,076 | 2,442,154 |
Convertible Notes Payable (net of discount of $26,919 and $170,438 respectively) | 1,261,823 | 1,193,341 | 541,426 |
Related Party Notes Payable | 654,737 | 626,210 | 600,075 |
Total Current Liabilities | 7,051,388 | 6,865,123 | 9,785,809 |
Long-Term Debt: | |||
Related Party Notes Payable (net of discount of $0 and $0 Respectively | 1,081,085 | 1,081,085 | 1,092,622 |
Notes payable - PPL | 110,700 | ||
Facility Lease Liability - long term | 156,187 | 207,778 | 373,112 |
Net Long-Term Debt | 1,237,272 | 1,288,863 | 1,576,434 |
Total Liabilities | 8,288,659 | 8,153,986 | 11,362,243 |
Commitments and contingencies | |||
Stockholders’ (Deficit) | |||
Preferred D stock, stated value $100 per share; 20,000 shares authorized; 7,500 shares and 7,500 shares issued and 0 and 4,500 outstanding as of December 31, 2020 and December 31, 2021, respectively | 450,000 | ||
Common stock, $.001 par value; 2,000,000,000 shares authorized; 821,169,656 and 943,569,148 shares issued and outstanding as of December 31, 2020 and December 31, 2021, respectively | 961,760 | 943,569 | 821,171 |
Shares to be issued | 61,179 | ||
Additional paid-in capital | 16,100,227 | 14,777,708 | 9,080,560 |
Subscription Receivables | (18,800) | ||
Accumulated Other Comprehensible Income | 4,562 | ||
Accumulated deficit | (17,536,520) | (17,423,930) | (17,651,482) |
Total Stockholders’ (Deficit) | (488,771) | (1,702,653) | (7,238,572) |
Non-controlling interest | (19,059) | (19,059) | |
Total Stockholders’ (Deficit) | (507,830) | (1,721,712) | (7,238,572) |
Total Liabilities and Stockholders’ Deficit | $ 7,780,830 | $ 6,432,274 | $ 4,123,671 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | |||
Convertible notes payable, unamortized discount, current | $ 0 | $ 26,919 | $ 170,438 |
Related party notes payable, unamortized discount, non-current | $ 0 | $ 0 | $ 0 |
Preferred Stock, Par or Stated Value Per Share | $ 100 | $ 100 | |
Preferred Stock, Shares Authorized | 20,000 | 20,000 | |
Preferred Stock, Shares Issued | 7,500 | 7,500 | |
Preferred Stock, Shares Outstanding | 4,500 | 0 | |
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 | 2,000,000,000 |
Common stock, shares outstanding | 961,760,014 | 943,569,149 | 821,169,656 |
Common stock, shares issued | 961,760,014 | 943,569,149 | 821,169,656 |
Consolidated Statement of Opera
Consolidated Statement of Operations - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | ||||
Sales | $ 775,266 | $ 135,274 | $ 1,300,439 | $ 1,406,005 |
Cost of Goods Sold | 261,074 | 23,146 | 690,032 | 654,937 |
Gross Profit | 514,193 | 112,128 | 610,407 | 751,068 |
General and Administrative | ||||
General and Administrative expense | 92,935 | 102,381 | 488,177 | 480,812 |
Salaries | 191,217 | 221,647 | 772,463 | 495,269 |
Travel | 27,734 | 15,013 | 145,170 | 86,292 |
Professional Fees | 64,853 | 45,742 | 155,241 | 111,318 |
Facility lease and Maintenance | 88,962 | 86,210 | 346,454 | 363,643 |
Consulting | 243,371 | 157,149 | 243,371 | 157,149 |
Bad Debt Expense | 259,289 | |||
Consulting Engineering | 25,803 | |||
Depreciation and Amortization | 7,519 | 8,073 | 32,292 | 32,912 |
Total Expenses | 499,023 | 479,066 | 2,183,167 | 1,986,684 |
Net Profit / (Loss) From Operations | 15,169 | (366,938) | (1,572,760) | (1,235,616) |
Change in derivative liability | 16,014 | 1,749,173 | 1,752,119 | (1,270,099) |
Gain / (Loss) on debt settlement and write down | 868,502 | 399,181 | ||
Other Income | (9,335) | |||
Interest and Financing fees | (132,470) | (313,651) | (769,369) | (1,329,230) |
Net Profit / (Loss) Before Income Taxes | (110,623) | 1,068,584 | 278,492 | (3,435,764) |
Income Tax Expense | (1,966) | |||
Net Profit / (Loss) | (112,589) | 1,068,584 | 278,492 | (3,435,764) |
Non-controlling interest | (19,059) | |||
Net Profit / (Loss) attributable to Clean Energy Technologies, Inc. | (112,589) | 1,068,584 | $ 297,551 | $ (3,435,764) |
Other Comprehensive Item | ||||
Foreign Currency Translation Gain | 4,562 | |||
Total Comprehensible Income / (Loss) | $ (108,027) | $ 1,068,584 | ||
Per Share Information: | ||||
Basic weighted average number of common shares outstanding and diluted | 952,293,421 | 853,322,779 | 900,774,064 | 767,861,170 |
Net Profit / (Loss) per common share basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders Equity (Deficit) - USD ($) | Common Stock [Member] | Preferred Stock [Member] | Common Stock To Be Issued [Member] | Additional Paid-in Capital [Member] | Subscription Interest [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Noncontrolling Interest [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 753,909 | $ 650,000 | $ 7,559,331 | $ (14,215,718) | $ (5,252,478) | ||||
Beginning balance, shares at Dec. 31, 2019 | 753,907,656 | 6,500 | |||||||
Preferred conversions | $ 5,000 | $ (200,000) | 195,000 | ||||||
Preferred conversions, shares | 5,000,000 | (2,000) | |||||||
Shares issued for cash | $ 43,762 | 1,089,081 | 1,132,843 | ||||||
Shares issued for cash, shares | 43,762,272 | ||||||||
Net Loss | (3,435,764) | (3,435,764) | |||||||
Shares issued for debt conversion | $ 15,735 | 189,494 | 205,229 | ||||||
Shares issued for debt conversion, shares | 15,735,202 | ||||||||
Commitment fee shares | $ 2,765 | 25,000 | 47,654 | 75,419 | |||||
Commitment fee shares, shares | 2,764,526 | ||||||||
Common share subscriptions | 36,179 | 36,179 | |||||||
Ending balance, value at Dec. 31, 2020 | $ 821,171 | $ 450,000 | 61,179 | 9,080,560 | (17,651,482) | (7,238,572) | |||
Ending balance, shares at Dec. 31, 2020 | 821,169,656 | 4,500 | |||||||
Shares issued for warrant conversion | $ 1,798 | (1,798) | 0 | ||||||
Shares issued for warrant conversion, shares | 1,797,861 | ||||||||
Shares issued for Reg A offering | $ 16,667 | 483,333 | 500,000 | ||||||
Shares issued for Reg A offering, shares | 16,666,667 | ||||||||
Shares issued for acccrued dividend | $ 4,344 | 343,194 | 347,538 | ||||||
Shares issued for acccrued dividend, shares | 4,344,250 | ||||||||
Preferred conversions | $ 6,625 | $ (450,000) | 443,375 | ||||||
Preferred conversions, shares | 6,625,000 | (4,500) | |||||||
Inducement shares | $ 1,250 | (25,000) | 23,750 | ||||||
Inducement shares, shares | 1,250,000 | ||||||||
Shares issued for cash | $ 44,213 | (36,179) | 3,075,969 | 3,084,003 | |||||
Shares issued for cash, shares | 44,213,053 | ||||||||
Net Loss | 1,068,584 | 1,068,584 | |||||||
Ending balance, value at Mar. 31, 2021 | $ 896,068 | 13,448,384 | (16,582,898) | (2,238,447) | |||||
Ending balance, shares at Mar. 31, 2021 | 896,066,487 | ||||||||
Beginning balance, value at Dec. 31, 2020 | $ 821,171 | $ 450,000 | 61,179 | 9,080,560 | (17,651,482) | (7,238,572) | |||
Beginning balance, shares at Dec. 31, 2020 | 821,169,656 | 4,500 | |||||||
Shares issued for Reg A offering | $ 16,667 | 483,333 | 500,000 | ||||||
Shares issued for Reg A offering, shares | 16,666,667 | ||||||||
Shares issued for cash | $ 44,249 | (36,179) | 3,075,969 | $ 3,084,039 | |||||
Shares issued for cash, shares | 44,249,336 | 9,833,750 | |||||||
Net Loss | 297,551 | (19,059) | $ 278,492 | ||||||
Shares issued for S1 | $ 9,843 | 380,508 | $ 390,351 | ||||||
Shares issued for S1, shares | 9,842,072 | ||||||||
Shares issued for debt conversion, shares | 482,870,234 | ||||||||
Shares issued for warrant conversion | $ 2,345 | (2,345) | $ 0 | ||||||
Shares issued for warrant conversion, shares | 2,345,329 | ||||||||
Shares issued for acccrued dividend | $ 4,344 | 343,194 | 347,539 | ||||||
Shares issued for acccrued dividend, shares | 4,344,250 | ||||||||
Conversion of Preferred Series D | $ 6,625 | $ (450,000) | 443,375 | ||||||
Conversion of Preferred Series D, shares | 6,625,000 | (4,500) | |||||||
Inducement Shares | $ 2,391 | (25,000) | 76,875 | 54,266 | |||||
Inducement Shares, shares | 2,392,459 | ||||||||
Shares issued for correction | $ 1,101 | (1,101) | |||||||
Shares issued for correction, shares | 1,100,630 | ||||||||
Shares for Conversion | $ 25,000 | 50,473 | 75,473 | ||||||
Shares for Conversion, shares | 25,000,000 | ||||||||
Shares issued for Reg A | $ 9,834 | 776,866 | 786,700 | ||||||
Shares issued for Reg A, shares | 9,833,750 | ||||||||
Ending balance, value at Dec. 31, 2021 | $ 943,569 | 14,777,708 | (17,423,931) | (19,059) | (1,721,712) | ||||
Ending balance, shares at Dec. 31, 2021 | 943,569,149 | ||||||||
Shares issued for Reg A offering | $ 15,035 | 1,187,765 | 1,202,800 | ||||||
Shares issued for Reg A offering, shares | 15,035,000 | ||||||||
Net Loss | (112,589) | (112,589) | |||||||
Shares issued for S1 | $ 3,156 | 134,754 | 137,910 | ||||||
Shares issued for S1, shares | 3,155,865 | ||||||||
Subscription Receivable | (18,800) | (18,800) | |||||||
Accumulated Comprehensive | 4,562 | $ 4,562 | |||||||
Shares issued for debt conversion, shares | 480,751,127 | ||||||||
Ending balance, value at Mar. 31, 2022 | $ 961,760 | $ 16,100,228 | $ (18,800) | $ 4,562 | $ (17,536,520) | $ (19,059) | $ (507,830) | ||
Ending balance, shares at Mar. 31, 2022 | 961,760,014 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash Flows from Operating Activities: | ||||
Net Income / ( Loss ) | $ (112,589) | $ 1,068,584 | $ 278,492 | $ (3,435,764) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Depreciation and amortization | 7,519 | 8,073 | 32,292 | 32,912 |
Bad debt expense | 259,289 | |||
Gain on debt settlement | (868,502) | (399,181) | ||
Shares issued for commitment fee | 54,266 | 73,421 | ||
Change in debt discount and Financing fees | 6,554 | 60,726 | 321,517 | 516,710 |
Change in derivative liability | (16,014) | (1,749,173) | (1,752,119) | 1,270,099 |
Changes in assets and liabilities: | ||||
(Increase) decrease in right of use asset | 52,449 | 46,213 | 210,962 | 215,715 |
(Increase) decrease in lease liability | (51,592) | (44,493) | (200,993) | (209,613) |
(Increase) decrease in accounts receivable | (426,406) | (51,748) | (359,593) | 10,731 |
(Increase) decrease in inventory | (173,871) | (66,658) | 95,629 | 72,384 |
(Increase) decrease in prepaid expenses | 26,407 | |||
(Decrease) increase in accounts payable | 61,729 | (46,866) | (44,855) | 230,200 |
Other (Decrease) increase in accrued expenses | (7,253) | (6,136) | (379,239) | 55,666 |
Other (Decrease) increase in accrued expenses related party | 28,527 | 118,286 | 118,286 | 118,286 |
Other (Decrease) increase in deferred revenue | (14,750) | |||
Other (Decrease) increase in customer deposits | 66,476 | (58,690) | (226,500) | |
Net Cash Provided by (Used In) Operating Activities | (538,065) | (663,192) | (2,552,547) | (1,430,395) |
Cash Flows from Investing Activities | ||||
Investment in CETY HK | (1,500,000) | (1,500,000) | ||
Convertible Note Receivable | ||||
(Increase) decrease in Convertible Note Receivable | (805,751) | |||
Purchase property plant and equipment | ||||
Cash Flows Used In Investing Activities | (805,751) | (1,500,000) | ||
Cash Flows from Financing Activities | ||||
Bank Overdraft / (Repayment) | (1,480) | |||
Payment on notes payable and lines of credit | (906,112) | (507,168) | (906,112) | (507,168) |
Payment on notes payable | (103,754) | (488,987) | ||
Payment on notes payable related party | 0 | (35,000) | ||
Proceeds from notes payable and lines of credit | 150,000 | 89,200 | 975,000 | 1,150,502 |
Proceeds from notes payable related party | 60,000 | |||
Stock issued for cash | 1,321,911 | 3,584,003 | 4,761,090 | 1,171,020 |
Cash Flows Provided By Financing Activities | 1,368,157 | 3,184,216 | 4,829,978 | 1,837,874 |
Effect of exchange rate changes on cash | 4,562 | |||
Net (Decrease) Increase in Cash and Cash Equivalents | 28,903 | 2,521,024 | 777,431 | 407,479 |
Cash and Cash Equivalents at Beginning of Period | 1,192,316 | 414,885 | 414,885 | 7,406 |
Cash and Cash Equivalents at End of Period | 1,221,219 | 2,935,909 | 1,192,316 | 414,885 |
Supplemental Cashflow Information: | ||||
Interest Paid | 132,470 | 101,027 | 187,207 | 200,671 |
Taxes Paid | ||||
Supplemental Non-Cash Disclosure | ||||
Discount on derivatives | 413,113 | |||
Shares issued for warrants exercised | 71,914 | |||
Shares issued for preferred conversions | 450,000 | 450,000 | 200,000 | |
Shares issued for debt conversion conversions | $ 347,538 | $ 423,011 | $ 198,800 |
GENERAL
GENERAL | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
GENERAL | NOTE 1 – GENERAL These unaudited interim consolidated financial statements as of and for the three months ended March 31, 2022, reflect all adjustments which, in the opinion of management, are necessary to fairly state the Company’s financial position and the results of its operations for the periods presented, in accordance with the accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s fiscal year end December 31, 2022 report. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited financial statements for the preceding period, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of results for the entire year ending December 31, 2022. The summary of significant accounting policies of Clean Energy Technologies, Inc. is presented to assist in the understanding of the Company’s financial statements. The financial statements and notes are representations of the Company’s management, who is responsible for their integrity and objectivity. Corporate History We were incorporated in California in July 1995 under the name Probe Manufacturing Industries, Inc. We redomiciled to Nevada in April 2005 under the name Probe Manufacturing, Inc. We manufactured electronics and provided services to original equipment manufacturers (OEMs) of industrial, automotive, semiconductor, medical, communication, military, and high technology products. On September 11, 2015 Clean Energy HRS, or “CE HRS”, our wholly owned subsidiary acquired the assets of Heat Recovery Solutions from General Electric International. In November 2015, we changed our name to Clean Energy Technologies, Inc. Our principal executive offices are located at 2990 Redhill Avenue, Costa Mesa, CA 92626. Our telephone number is (949) 273-4990. Our common stock is listed on the OTCQB Markets under the symbol “CETY.” Our internet website address is www.cetyinc.com www.heatrecoverysolutions.com The Company has three reportable segments: Clean Energy HRS (HRS), CETY Europe, and the legacy electronic manufacturing services (Electronic Assembly) division. Going Concern The financial statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of business. The Company had a total stockholder’s deficit of $ 507,830 and a working capital deficit of $ 3,843,110 as of March 31, 2022. The company also had an accumulated deficit of $ 17,536,520 as of March 31, 2022. Therefore, there is substantial doubt about the ability of the Company to continue as a going concern. There can be no assurance that the Company will achieve its goals and reach profitable operations and is still dependent upon its ability (1) to obtain sufficient debt and/or equity capital and/or (2) to generate positive cash flow from operations. Plan of Operation We develop renewable energy products and solutions and establish partnerships in renewable energy that make environmental and economic sense. Our mission is to be a segment leader in the Zero Emission Revolution by offering recyclable energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We target sustainable energy solutions that are profitable for us, profitable for our customers and represent the future of global energy production. Our principal businesses Waste Heat Recovery Solutions TM Waste to Energy Solutions Engineering, Consulting and Project Management Solutions LNG Trading Operations Our LNG trading operations in China is to source and supply LNG to industries and municipalities located in the southern part of Sichuan Province and portions of Yunnan Province. The LNG is principally used for heavy truck refueling stations and urban or industrial users in areas that do not have a connection to local LNG pipeline systems. We purchase large quantities of LNG from large wholesale LNG depots at fixed prices which are prepaid for in advance at a discount to market. We sell the LNG to our customers at prevailing daily spot prices for the duration of the contracts. | Notes 1- GENERAL Corporate History With the vision to combat climate change and creating a better, cleaner and environmentally sustainable future Clean Energy HRS LLC a wholly owned subsidiary of Clean Energy Technologies, Inc. acquired the assets of Heat Recovery Solutions from General Electric International on September 11, 2015. The GE HRS asset acquisition and related financing transactions resulted in a change of control of the Company according to FASB No. 2014-17 Business Combinations (Topic 805). As a result, the transactions qualify as a business combination. In accordance with Topic 805, the Company elected to apply pushdown accounting, using the valuation date of December 31, 2015. As a result we recognized $ 747,976 General Electric acquired the rights and 16 global patents to the magnetic bearing technology from Calnetix in October of 2010 and further developed the next generation of the waste heat generators, which was ultimately acquired by Clean Energy Technologies from GE. We completed our production facility post the acquisition in October of 2016. We consolidated our legacy and HRS operations and began our production in early 2017. In early 2018 we engaged with a large institutional equity partner and closed our first round of funding. We are successfully executing on our business strategy by increasing our market presence and broadening our product portfolio in the heat to power markets. We’re continuing to design, build and ship products to Europe, US, Canada, South East Pacific regions and planned expansion into Asia. We are continuing to build a strong back log and pipeline of opportunities while developing the next disruptive heat to power generators with the support of our new equity partners. We have a sales and service center in Europe supporting new sales and existing installations in Europe. We have also established a wholly owned subsidiary in Hong Kong for the purpose of acquiring and investing in China’s growing clean energy markets. Going Concern The financial statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of business. The Company had a total stockholder’s deficit of $ 1,702,653 and a working capital deficit of $ 4,274,383 and an accumulated deficit of $ 17,423,930 as of December 31, 2021 and used $ 2,552,547 in net cash from operating activities for the year ended December 31, 2021. Therefore, there is substantial doubt about the ability of the Company to continue as a going concern. There can be no assurance that the Company will achieve its goals and reach profitable operations and is still dependent upon its ability (1) to obtain sufficient debt and/or equity capital and/or (2) to generate positive cash flow from operations. Plan of Operation Our marketing approach is to position CETY as a worldwide leader in the heat to power & energy efficiency markets by targeting industries that have wasted heat which could potentially turn into electricity. We are leveraging our proprietary magnetic bearing turbine technology and over 100 installation with 1 million fleet operating to increase our market share in low to medium temperature waste heat recovery markets. We utilize both a direct sales force and global distribution group with expertise in heat recovery solutions and clean energy markets. We have also established relationships with integrators, consultant and project developers and integrated solution providers. We plan to leverage our core expertise to identify, acquire and develop leading clean energy and clean technology solutions and products. We will continue to utilize our relationships and expertise to expand in clean and renewable energy sector through new in-house development of disruptive heat to power technologies, acquisitions, cogeneration, and licensing agreements. CETY maintains an online presence through our web portal and social media. Our application engineers assist in converting the opportunities into projects. We provide technical support to our Clean Cycle TM The sales of our products are related to the global prices for oil, gas, coal and solar energy. As prices increase our products produce a better return on investment for our customers. They are also dependent on regulatory drivers and financial incentives. CETY has implemented a new Enterprise Resource planning software by Microsoft providing accurate and timely information to support a more robust and efficient supply chain. The operational leadership is continually working on lowering the cost of manufacturing and identifying lower cost regions to support higher margins of our products. |
BASIS OF PRESENTATION AND SUMMA
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The summary of significant accounting policies of Clean Energy Technologies, Inc. (formerly Probe Manufacturing, Inc.) is presented to assist in the understanding of the Company’s financial statements. The financial statements and notes are representations of the Company’s management, who is responsible for their integrity and objectivity. The consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates may be materially different from actual financial results. Significant estimates include the recoverability of long-lived assets, the collection of accounts receivable and valuation of inventory and reserves. Cash and Cash Equivalents We maintain the majority of our cash accounts at JP Morgan Chase bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000, (which we may exceed from time to time) per commercial bank. For purposes of the statement of cash flows we consider all cash and highly liquid investments with initial maturities of one year or less to be cash equivalents. Accounts Receivable Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. Reserves for un-collectable amounts are provided, based on past experience and a specific analysis of the accounts. Although we expect to collect amounts due, actual collections may differ from the estimated amounts. As of March 31, 2022, and December 31, 2021, we had a reserve for potentially un-collectable accounts receivable of $ 75,000 247,500 247,500 Four (4) customers accounted for approximately 98 Lease asset As of March 31, 2022, and December 31, 2021 we had a lease asset that was purchased from General Electric with a value of $ 1,309,527 217,584 20,000 . See note 3 for additional information. Inventory Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of March 31, 2022, and December 31, 2021, we had a reserve for potentially obsolete inventory of $ 321,104 Property and Equipment Property and equipment are recorded at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets: SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES Furniture and fixtures 3 7 Equipment 7 10 Leasehold Improvements 7 Long –Lived Assets Our management assesses the recoverability of its long-lived assets by determining whether the depreciation and amortization of long lived assets over their remaining lives can be recovered through projected undiscounted future cash flows. The amount of long-lived asset impairment if any, is measured based on fair value and is charged to operations in the period in which long-lived assets impairment is determined by management. There can be no assurance however, that market conditions will not change or demand for our services will continue, which could result in impairment of long-lived assets in the future. Revenue Recognition The Company recognizes revenue under ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” Performance Obligations Satisfied Over Time FASB ASC 606-10-25-27 through 25-29, 25-36 through 25-37, 55-5 through 55-10 An entity transfers control of a good or service over time and satisfies a performance obligation and recognizes revenue over time if one of the following criteria is met: a. The customer receives and consumes the benefits provided by the entity’s performance as the entity performs (as described in FASB ASC 606-10-55-5 through 55-6). b. The entity’s performance creates or enhances an asset (for example, work in process) that the customer controls as the asset is created or enhanced (as described in FASB ASC 606-10-55-7). c. The entity’s performance does not create an asset with an alternative use to the entity (see FASB ASC 606-10-25-28), and the entity has an enforceable right to payment for performance completed to date (as described in FASB ASC 606-10-25-29). Performance Obligations Satisfied at a Point in Time FASB ASC 606-10-25-30 If a performance obligation is not satisfied over time, the performance obligation is satisfied at a point in time. To determine the point in time at which a customer obtains control of a promised asset and the entity satisfies a performance obligation, the entity should consider the guidance on control in FASB ASC 606-10-25-23 through 25-26. In addition, it should consider indicators of the transfer of control, which include, but are not limited to, the following: a. The entity has a present right to payment for the asset b. The customer has legal title to the asset c. The entity has transferred physical possession of the asset d. The customer has the significant risks and rewards of ownership of the asset e. The customer has accepted the asset The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods and services transferred to the customer. In addition a) the company also does not have an alternative use for the asset if the customer were to cancel the contract, and b.) has a fully enforceable right to receive payment for work performed (i.e., customers are required to pay as various milestones and/or timeframes are met) The following five steps are applied to achieve that core principle for our HRS and CETY Europe Divisions: ● Identify the contract with the customer ● Identify the performance obligations in the contract ● Determine the transaction price ● Allocate the transaction price to the performance obligations in the contract ● Recognize revenue when the company satisfies a performance obligation The following steps are applied to our legacy engineering and manufacturing division: ● We generate a quotation ● We receive purchase orders from our customers. ● We build the product to their specification ● We invoice at the time of shipment ● The terms are typically Net 30 days Also, from time to time our contracts state that the customer is not obligated to pay a final payment until the units are commissioned, i.e. a final payment of 10 33,000 33,000 Also, from time to time we require upfront deposits from our customers based on the contract. As of March 31, 2022 and December 31, 2021, we had outstanding customer deposits of $ 90,516 and $ 24,040 respectively. Fair Value of Financial Instruments The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: ● Level 1: Quoted prices in active markets for identical assets or liabilities. ● Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s derivative liabilities have been valued as Level 3 instruments. We value the derivative liability using a lattice model, with a volatility of 84 0.15 The Company’s financial instruments consist of cash, prepaid expenses, inventory, accounts payable, convertible notes payable, advances from related parties, and derivative liabilities. The estimated fair value of cash, prepaid expenses, investments, accounts payable, convertible notes payable and advances from related parties approximate their carrying amounts due to the short-term nature of these instruments. The carrying amounts of the Company’s financial instruments as of March 31, 2022 and December 31, 2021 reflect: SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – March 31, 2022 $ – $ – $ 240,669 $ 240,669 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2021 $ – $ – $ 256,683 $ 256,683 The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments. Foreign Currency Translation and Comprehensive Income (Loss) We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods. The accounts of the Company’s Chinese entities are maintained in RMB. The accounts of the Chinese entities were translated into USD in accordance with FASB ASC Topic 830 “Foreign Currency Matters.” All assets and liabilities were translated at the exchange rate on the balance sheet date; stockholders’ equity is translated at historical rates and the statements of operations and cash flows are translated at the weighted average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income (loss) in accordance with FASB ASC Topic 220, “Comprehensive Income.” Gains and losses resulting from foreign currency transactions are reflected in the statements of operations. The Company follows FASB ASC Topic 220-10, “Comprehensive Income (loss).” Comprehensive income (loss) comprises net income (loss) and all changes to the statements of changes in stockholders’ equity, except those due to investments by stockholders, changes in additional paid-in capital and distributions to stockholders. Net Profit (Loss) per Common Share Basic profit / (loss) per share is computed on the basis of the weighted average number of common shares outstanding. At March 31, 2022, we had outstanding common shares of 961,760,014 used in the calculation of basic earnings per share. Basic Weighted average common shares and equivalents for the three months ended March 31, 2022 and March 31, 2021 were 952,293,421 and 853,322,779 respectively. As of March 31, 2022, we had convertible notes, convertible into approximately 480,751,127 of additional common shares, 5,000,000 common stock warrants. Fully diluted weighted average common shares and equivalents were withheld from the calculation for the three months ended March 31, 2022 and March 31, 2021 as they were considered anti-dilutive. Research and Development We had no Segment Disclosure FASB Codification Topic 280, Segment Reporting three An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net. Selected Financial Data SCHEDULE OF SEGMENT REPORTING 2022 2021 for the three months ended March, 31 2022 2021 Net Sales Manufacturing and Engineering 32,280 30,229 Clean Energy HRS 441,193 66,000 LNG Trading 267,966 - Cety Europe 33,827 39,045 Total Sales 775,266 135,274 Segment income and reconciliation before tax Manufacturing and Engineering 23,986 21,526 Clean Energy HRS 400,487 53,828 LNG Trading 60,733 Cety Europe 28,986 36,774 Total Segment income 514,193 112,128 Reconciling items General and Administrative expense (92,935 ) (102,381 ) Salaries (191,217 ) (221,647 ) Travel (27,734 ) (15,013 ) Professional Fees (64,853 ) (45,742 ) Facility lease and Maintenance (88,962 ) (86,210 ) Consulting (25,803 ) - Bad Debt Expense - - Depreciation and Amortization (7,519 ) (8,073 ) Change in derivative liability 16,014 1,749,173 Other Income (9,335 ) - Interest and Financing fees (132,470 ) (313,651 ) Net Loss before income tax (112,589 ) 1,068,584 Share-Based Compensation The Company has adopted the use of Statement of Financial Accounting Standards No. 123R, “Share-Based Payment” (SFAS No. 123R) (now contained in FASB Codification Topic 718, Compensation-Stock Compensation We re-evaluate the assumptions used to value our share-based awards on a quarterly basis and, if changes warrant different assumptions, the share-based compensation expense could vary significantly from the amount expensed in the past. We may be required to adjust any remaining share-based compensation expense, based on any additions, cancellations or adjustments to the share-based awards. The expense is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. For the three months ended March 31, 2022 and 2021 we had $ 0 Income Taxes Federal Income taxes are not currently due since we have had losses since inception of Clean Energy Technologies. On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the year ended December 31, 2022 using a Federal Tax Rate of 21 Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of March 31, 2022, we had a net operating loss carry-forward of approximately $( 8,635,861 ) and a deferred tax asset of $ 2,590,758 using the statutory rate of 30%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $ (2,590,758) . FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. On March 31, 2022 the Company had not taken any tax positions that would require disclosure under FASB ASC 740. SCHEDULE OF DEFERRED TAX ASSET March 31, 2022 December 31, 2021 Deferred Tax Asset $ 2,590,758 $ 2,556,982 Valuation Allowance (2,590,758 ) (2,556,982 ) Deferred Tax Asset (Net) $ - $ - On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $ 907,388 302,462,667 .001 On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $ 939,500 10 0.003 This resulted in a change in control, which limited the net operating to that date forward. We are subject to taxation in the U.S. and the states of California. Further, the Company currently has no open tax years’ subject to audit prior to December 31, 2015. The Company is current on its federal and state tax returns. Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported income, total assets, or stockholders’ equity as previously reported. Recently Issued Accounting Standards The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements. Update 2021-03—Intangibles—Goodwill and Other (Topic 350): Accounting Alternative For Evaluating Triggering Events. The amendments in this Update are effective on a prospective basis for fiscal years beginning after December 15, 2019. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance as of March 30, 2021. Update 2021-01—Reference Rate Reform (Topic 848): An entity may elect to apply the amendments in this Update on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020. In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, Financial Instruments—Credit Losses (codified Update 2020-06—Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. We do not expect any material impact on our financials because of the adoption of this update. | NOTE 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The summary of significant accounting policies of Clean Energy Technologies, Inc. (formerly Probe Manufacturing, Inc.) is presented to assist in the understanding of the Company’s financial statements. The financial statements and notes are representations of the Company’s management, who is responsible for their integrity and objectivity. The consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates may be materially different from actual financial results. Significant estimates include the recoverability of long-lived assets, the collection of accounts receivable and valuation of inventory and reserves. Cash and Cash Equivalents We maintain the majority of our cash accounts at a commercial bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 Accounts Receivable Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. Reserves for un-collectable amounts are provided, based on past experience and a specific analysis of the accounts. Although we expect to collect amounts due, actual collections may differ from the estimated amounts. As of December 31, 2021, and December 31, 2020, we had a reserve for potentially un-collectable accounts receivable of $ 75,000 and $ 75,000 . Our policy for reserves for our long-term financing receivables is determined on a contract-by-contract basis and takes into account the length of the financing arrangement. As of December 31, 2021, and December 31, 2020, we had a reserve for potentially un-collectable long-term financing receivables of $ 247,500 and $ 247,500 respectively. Our trade accounts primarily represent unsecured receivables. Historically, our bad debt write-offs related to these trade accounts have been insignificant. Lease asset As of December 31, 2021, and 2020 we had a lease asset that was purchased from General Electric with a value of $ 1,309,527 , however due the purchase price allocation, we recognized a value of $ 217,584 . The lease is due to be commissioned in the second quarter of 2022 and will generate approximately $ 20,000 per month for 120 months. See note 3 for additional information. Inventory Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of December 31, 2021 and December 31, 2020, we had a reserve for potentially obsolete inventory of $ 321,104 and $ 250,000 respectively. Property and Equipment Property and equipment are recorded at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets: SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES Furniture and fixtures 3 to 7 years Equipment 7 to 10 years Leasehold Improvements 7 years Long –Lived Assets Our management assesses the recoverability of its long-lived assets by determining whether the depreciation and amortization of long lived assets over their remaining lives can be recovered through projected undiscounted future cash flows. The amount of long-lived asset impairment if any, is measured based on fair value and is charged to operations in the period in which long-lived assets impairment is determined by management. There can be no assurance however, that market conditions will not change or demand for our services will continue, which could result in impairment of long-lived assets in the future. Revenue Recognition The Company recognizes revenue under ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” Performance Obligations Satisfied Over Time FASB ASC 606-10-25-27 through 25-29, 25-36 through 25-37, 55-5 through 55-10 An entity transfers control of a good or service over time and satisfies a performance obligation and recognizes revenue over time if one of the following criteria is met: a. The customer receives and consumes the benefits provided by the entity’s performance as the entity performs (as described in FASB ASC 606-10-55-5 through 55-6). b. The entity’s performance creates or enhances an asset (for example, work in process) that the customer controls as the asset is created or enhanced (as described in FASB ASC 606-10-55-7). c. The entity’s performance does not create an asset with an alternative use to the entity (see FASB ASC 606-10-25-28), and the entity has an enforceable right to payment for performance completed to date (as described in FASB ASC 606-10-25-29). Performance Obligations Satisfied at a Point in Time FASB ASC 606-10-25-30 If a performance obligation is not satisfied over time, the performance obligation is satisfied at a point in time. To determine the point in time at which a customer obtains control of a promised asset and the entity satisfies a performance obligation, the entity should consider the guidance on control in FASB ASC 606-10-25-23 through 25-26. In addition, it should consider indicators of the transfer of control, which include, but are not limited to, the following: a. The entity has a present right to payment for the asset b. The customer has legal title to the asset c. The entity has transferred physical possession of the asset d. The customer has the significant risks and rewards of ownership of the asset e. The customer has accepted the asset The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods and services transferred to the customer. In Addition a) the company also does not have an alternative use for the asset if the customer were to cancel the contract, and b.) has a fully enforceable right to receive payment for work performed (i.e., customers are required to pay as various milestones and/or timeframes are met) The following five steps are applied to achieve that core principle for our HRS and Cety Europe Divisions: ● Identify the contract with the customer ● Identify the performance obligations in the contract ● Determine the transaction price ● Allocate the transaction price to the performance obligations in the contract ● Recognize revenue when the company satisfies a performance obligation The following steps are applied to our legacy engineering and manufacturing division: ● We generate a quotation ● We receive Purchase orders from our customers. ● We build the product to their specification ● We invoice at the time of shipment ● The terms are typically Net 30 days Also, from time to time our contracts state that the customer is not obligated to pay a final payment until the units are commissioned, i.e. a final payment of 10 33,000 33,000 Also from time to time we require upfront deposits from our customers based on the contract. As of December 31, 2021 and 2020, we had outstanding customer deposits of $ 24,040 82,730 Fair Value of Financial Instruments The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: ● Level 1: Quoted prices in active markets for identical assets or liabilities. ● Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s derivative liabilities have been valued as Level 3 instruments. We value the derivative liability using a lattice model, with a volatility of 56 % and using a risk free interest rate of 0.15 % The Company’s financial instruments consist of cash, prepaid expenses, inventory, accounts payable, convertible notes payable, advances from related parties, and derivative liabilities. The estimated fair value of cash, prepaid expenses, investments, accounts payable, convertible notes payable and advances from related parties approximate their carrying amounts due to the short-term nature of these instruments. The carrying amounts of the Company’s financial instruments as of December 31 2021 and 2020, reflect: SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2020 $ – $ – $ 2,008,802 $ 2,008,802 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2021 $ – $ – $ 256,683 $ 256,683 The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments. Other Comprehensive Income We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods. Net Profit (Loss) per Common Share Basic profit / (loss) per share is computed based on the weighted average number of common shares outstanding. At December 31, 2021, we had outstanding common shares of 943,569,149 used in the calculation of basic earnings per share. Basic Weighted average common shares and equivalents at December 31, 2021 and 2020 were 900,774,064 and 767,861,170 , respectively. As of December 31, 2021, we had convertible notes, convertible into approximately 482,870,234 of additional common shares, and 8,754,720 common stock warrants. Fully diluted weighted average common shares and equivalents were 1,367,528,898 as of December 31, 2021 and were withheld from the calculation as they were considered anti-dilutive for the year ended December 31, 2021. Research and Development We had no Segment Disclosure FASB Codification Topic 280, Segment Reporting three reportable segments: Clean Energy HRS (HRS), Cety Europe and the legacy electronic manufacturing services division. The segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics. Refer to note 1 for a description of the various product categories manufactured under each of these segments. As of December 31, 2021, CETY does not consider CETY HK a segment given there’s limited operations and the results are not reviewed separately by a CODM An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net. Selected Financial Data SCHEDULE OF SEGMENT REPORTING 2021 2020 for the years ended December 31, 2021 2020 Net Sales Manufacturing and Engineering $ 93,371 $ 422,631 Clean Energy HRS 1,014,707 930,882 Cety Europe 192,361 52,492 Total Sales $ 1,300,439 $ 1,406,005 Segment income and reconciliation before tax Manufacturing and Engineering (90,328 ) 118,412 Clean Energy HRS 547,812 581,903 Cety Europe 152,923 50,753 Total Segment income 610,407 751,068 Reconciling items General and Administrative expense (488,177 ) (480,812 ) Salaries (772,463 ) (495,269 ) Travel (145,170 ) (86,292 ) Professional Fees (155,241 ) (111,318 ) Facility lease and Maintenance (346,454 ) (363,643 ) Consulting (243,371 ) (157,149 ) Bad Debt Expense - (259,289 ) Depreciation and Amortization (32,292 ) (32,912 ) Change in derivative liability 1,752,119 (1,270,099 ) Gain / (Loss) on debt settlement and write down 868,502 399,181 Interest and Financing fees (769,369 ) (1,329,230 ) Net Loss before income tax $ 278,492 $ (3,435,764 ) December 31, 2021 December 31, 2020 Total Assets Manufacturing and Engineering $ 3,836,405 $ 1,922,648 Clean Energy HRS 2,556,166 2,166,478 Cety Europe 39,703 34,545 Total Assets $ 6,432,274 $ 4,123,671 Share-Based Compensation The Company has adopted the use of Statement of Financial Accounting Standards No. 123R, “Share-Based Payment” (SFAS No. 123R) (now contained in FASB Codification Topic 718, Compensation-Stock Compensation We re-evaluate the assumptions used to value our share-based awards on a quarterly basis and, if changes warrant different assumptions, the share-based compensation expense could vary significantly from the amount expensed in the past. We may be required to adjust any remaining share-based compensation expense, based on any additions, cancellations or adjustments to the share-based awards. The expense is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. For the year ended December 31, 2021 and 2020 we had $ 0 in share-based expense, due to the issuance of common stock. As of December 31, 2021, we had no further non-vested expense to be recognized. Income Taxes Federal Income taxes are not currently due since we have had losses since inception. On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the year ended December 31, 2021 using a Federal Tax Rate of 21 Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of December 31, 2021, we had a net operating loss carry-forward of approximately $ (8,523,272 2,556,982 (2,556,982) SCHEDULE OF DEFERRED TAX ASSET December 31, 2021 December 31, 2020 Deferred Tax Asset $ 2,556,982 $ 2,640,529 Valuation Allowance (2,556,982 ) (2,640,529 ) Deferred Tax Asset (Net) $ - $ - On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $ 907,388 302,462,667 .001 On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $ 939,500 10 0.003 This resulted in a change in control, which limited the net operating to that date forward. We are subject to taxation in the U.S. and the states of California. Further, the Company currently has no open tax years’ subject to audit prior to December 31, 2018 . The Company is current on its federal and state tax returns. Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported income, total assets, or stockholders’ equity as previously reported. Recently Issued Accounting Standards The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements. In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, Financial Instruments—Credit Losses (codified ● Update 2020-06—Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. We are still evaluating the impact of this standard and don’t believe that it will have material impact on this financial statement. |
ACCOUNTS AND NOTES RECEIVABLE
ACCOUNTS AND NOTES RECEIVABLE | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Receivables [Abstract] | ||
ACCOUNTS AND NOTES RECEIVABLE | NOTE 3 – ACCOUNTS AND NOTES RECEIVABLE SCHEDULE OF ACCOUNTS AND NOTES RECEIVABLE March 31,2022 December 31, 2021 Accounts Receivable $ 1,194,438 $ 768,032 Less reserve for uncollectable accounts (75,000 ) (75,000 ) Total $ 1,119,438 $ 693,032 Our Accounts Receivable is pledged to Nations Interbanc, our line of credit. SCHEDULE OF LEASE RECEIVABLE ASSET March 31, 2022 December 31, 2021 Lease asset $ 217,584 $ 217,584 T SCHEDULE OF DERECOGNITION OF UNDERLYING ASSETS OF FINANCING RECEIVABLE March 31, 2022 December 31, 2021 Long-term financing receivables $ 932,270 $ 932,270 Less Reserve for uncollectable accounts (247,500 ) (247,500 ) Long-term financing receivables - net $ 684,770 $ 684,770 On a contract by contract basis or in response to certain situations or installation difficulties, the Company may elect to allow non-interest bearing repayments in excess of 1 year. Our long term financing Receivable are pledged to Nations Interbanc, our line of credit. | NOTE 3 – ACCOUNTS AND NOTES RECEIVABLE SCHEDULE OF ACCOUNTS AND NOTES RECEIVABLE December 31, 2021 December 31, 2020 Accounts Receivable $ 768,032 $ 340,378 Less reserve for uncollectable accounts (75,000 ) (75,000 ) Total $ 693,032 $ 265,378 Our Accounts Receivable is pledged to Nations Interbanc, our line of credit. SCHEDULE OF LEASE RECEIVABLE ASSET December 31, 2021 December 31, 2020 Lease asset $ 217,584 $ 217,584 T SCHEDULE OF DERECOGNITION OF UNDERLYING ASSETS OF FINANCING RECEIVABLE December 31, 2021 December 31, 2020 Long-term financing receivables $ 932,270 $ 1,000,000 Less Reserve for uncollectable accounts (247,500 ) (247,500 ) Long-term financing receivables - net $ 684,770 $ 752,500 On a contract by contract basis or in response to certain situations or installation difficulties, the Company may elect to allow non-interest bearing repayments in excess of 1 year. The delay for commissioning has been due to Covid pandemic and engineering delays. Our long term financing Receivable are pledged to Nations Interbanc, our line of credit. |
INVENTORY
INVENTORY | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Inventory Disclosure [Abstract] | ||
INVENTORY | NOTE 4 – INVENTORY Inventories by major classification were comprised of the following at: SCHEDULE OF INVENTORIES March 31,2022 December 31, 2021 Inventory $ 957,167 $ 783,296 Less reserve for uncollectable accounts (321,104 ) (321,104 ) Total $ 636,063 $ 462,192 Our Inventory is pledged to Nations Interbanc, our line of credit. | NOTE 4 – INVENTORY Inventories by major classification were comprised of the following at: SCHEDULE OF INVENTORIES December 31, 2021 December 31, 2020 Inventory $ 783,296 $ 807,820 Less reserve for uncollectable accounts (321,104 ) (250,000 ) Total $ 462,192 $ 557,820 Our Inventory is pledged to Nations Interbanc, our line of credit. As of December 31, 2021 inventory consisted of $ 78,629 2,425 381,138 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | ||
PROPERTY AND EQUIPMENT | NOTE 5 – PROPERTY AND EQUIPMENT Property and equipment were comprised of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT March 31,2022 December 31, 2021 Property and Equipment $ 1,354,824 $ 1,354,824 Leasehold Improvements 75,436 75,436 Accumulated Depreciation (1,401,794 ) (1,397,244 ) Net Fixed Assets $ 28,466 $ 33,016 Our Depreciation Expense for the three months ended March 31, 2022 and 2021 was $ 4,550 5,104 Our Property Plant and Equipment is pledged to Nations Interbanc, our line of credit. | NOTE 5 – PROPERTY AND EQUIPMENT Property and equipment were comprised of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT December 31, 2021 December 31, 2020 Property and Equipment $ 1,354,824 $ 1,350,794 Leasehold Improvents 75,436 75,436 Accumulated Depreciation (1,397,244 ) (1,372,798 ) Net Fixed Assets $ 33,016 $ 53,432 Our Depreciation Expense for the years ended December 31, 2021 and 2020 was $ 20,406 and $ 21,035 respectively. Our Property Plant and Equipment is pledged to Nations Interbanc, our line of credit. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
INTANGIBLE ASSETS | NOTE 6 – INTANGIBLE ASSETS Intangible assets were comprised of the following at: SCHEDULE OF INTANGIBLE ASSETS March 31,2022 December 31, 2021 Goodwill $ 747,976 $ 747,976 LWL Intangibles $ 1,468,709 $ 1,468,709 License 354,322 354,322 Patents 190,789 190,789 Accumulated Amortization (78,189 ) (75,220 ) Net Fixed Assets $ 2,683,607 $ 2,686,576 Our Amortization Expense for the three months ended March 31, 2022 and 2021 was $ 2,969 2,969 Based on the foregoing analysis of the facts surrounding the Company’s acquisition of LWL, it is the Company’s position that the Company is the acquirer of LWL, under the acquisition method of accounting. As such, as of November 8, 2021 (the acquisition date), the Company recognized, separately from goodwill, the identifiable assets acquired and the liabilities assumed in the Business combination. The following table presents the purchase price allocation: SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE ALLOCATION Consideration: Cash and cash equivalents $ 1,500,000 Total purchaser consideration $ 1,500,000 Assets acquired: Cash and cash equivalents $ 6,156 Prepayment $ 13,496 Other receivable $ 20,000 Trading Contracts $ 146,035 Shenzhen Gas Relationship $ 1,314,313 Total assets acquired $ 1,508,539 Liabilities assumed: Advance Receipts $ (8539 Taxes Payable $ 179 Net Assets Acquired: $ 1,500,000 If LWL reach USD 5 million in revenue or net profit of USD 1 million by December 31, 2022, then based on the performance contingency there will be issuance of 20,000,000 shares of CETY to the Seller. As of the date of the filing the performance contingencies have not been met. | NOTE 6 – INTANGIBLE ASSETS Intangible assets were comprised of the following at: SCHEDULE OF INTANGIBLE ASSETS December 31, 2021 December 31, 2020 Goodwill $ 747,976 $ 747,976 LWL Inatigbles 1,468,709 - License 354,322 354,322 Patents 190,789 190,789 Accumulated Amortization (75,220 ) (63,344 ) Net Fixed Assets $ 2,686,576 $ 1,229,743 Our Amortization Expense for the years ended December 31, 2021 and 2020 was $ 11,877 11,877 Based on the foregoing analysis of the facts surrounding the Company’s acquisition of LWL, it is the Company’s position that the Company is the acquirer of LWL, under the acquisition method of accounting. As such, as of November 8, 2021 (the acquisition date), the Company recognized, separately from goodwill, the identifiable assets acquired and the liabilities assumed in the Business combination . The following table presents the purchase price allocation: SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE ALLOCATION Consideration: Cash and cash equivalents $ 1,500,000 Total purchaser consideration $ 1,500,000 Assets acquired: Cash and cash equivalents $ 6,156 Prepayment $ 13,496 Other receivable $ 20,000 Trading Contracts $ 146,035 Shenzhen Gas Relationship $ 1,314,313 Total assets acquired $ 1,508,539 Liabilities assumed: Advance Receipts $ (8539 ) Taxes Payable $ 179 Net Assets Acquired: $ 1,500,000 If LWL reach USD 5 million in revenue or net profit of USD 1 million by December 31, 2022, then based on the performance contingency there will be issuance of 20,000,000 shares of CETY to the Seller. As of the date of the filing the performance contingencies have not been met. |
CONVERTIBLE NOTE RECEIVABLE
CONVERTIBLE NOTE RECEIVABLE | 3 Months Ended |
Mar. 31, 2022 | |
Disclosure Convertible Note Receivable Abstract | |
CONVERTIBLE NOTE RECEIVABLE | NOTE 7 – CONVERTIBLE NOTE RECEIVABLE Effective January 10, 2022, JHJ (“note holder”) entered a convertible note agreement with Chengdu Rongjun Enterprise Consulting Co., Ltd (“Rongjun” or “the borrower”) with maturity on January 10, 2025 . Under this convertible note, JHJ lent RMB 5,000,000 ($ 0.78 million) to Rongjun with annual interest rate of 12% , calculated from the Issuance Date until all outstanding interest and principal is paid in full. The Borrower may pre-pay principal or interest on this Note at any time prior to the maturity date, without penalty. JHJ has the right to convert this note directly or indirectly into shares or equity interest of Heze Hongyuan Natural Gas Co., Ltd (“Heze”) equal to 15% of Heze’s outstanding Equity Interest. Rongjun owns 90% of Heze. During the three months ended, JHJ recorded $ 17,961 interest income from this note. |
ACCRUED EXPENSES
ACCRUED EXPENSES | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Payables and Accruals [Abstract] | ||
ACCRUED EXPENSES | NOTE 8 – ACCRUED EXPENSES SCHEDULE OF ACCRUED EXPENSES March 31,2022 December 31, 2021 Accrued Wages $ 69,007 $ 22,950 Accrued Interest and other 53,607 135,662 Accrued Interest and other $ 122,614 $ 158,612 | NOTE 7 – ACCRUED EXPENSES SCHEDULE OF ACCRUED EXPENSES December 31, 2021 December 31, 2020 Accrued Wages $ 22,950 $ 25,654 Accrued Interest and other 135,662 477,941 Accrued Interest and other $ 158,612 $ 503,595 |
NOTES PAYABLE
NOTES PAYABLE | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Debt Disclosure [Abstract] | ||
NOTES PAYABLE | NOTE 9 – NOTES PAYABLE The Company issued a short-term note payable to an individual, secured by the assets of the Company, dated September 6, 2013 in the amount of $ 50,000 and fixed fee amount of $ 3,500 . As of December 31, 2019, the outstanding balance was $ 36,500 . On January 30, 2020 we issued 1,700,000 shares of our common stock at a purchase price of $ .02 per share, as settlement in full of a note payable of in the amount of $ 36,500 with accrued interest of $ 19,721 . As a result, we recognized a gain in the amount of $ 22,221 in the 1 st On November 11, 2013, we entered into an accounts receivable financing agreement with American Interbanc (now Nations Interbanc). Amounts outstanding under the agreement bear interest at the rate of 2.5 % per month. It is secured by the assets of the Company. In addition, it is personally guaranteed by Kambiz Mahdi, our Chief Executive Officer. As of March 31, 2022, the outstanding balance was $ 1,153,956 compared to $ 1,169,638 at December 31, 2021. On April 1, 2021, we entered into an amendment to the purchase order financing agreement with DHN Capital, LLC dba Nations Interbanc. Nations Interbanc has lowered the accrued fees balance by $ 275,000.00 2.25 50,000 On September 11, 2015, our CE HRS subsidiary issued a promissory note in the initial principal amount $ 1,400,000 100,000 1,500,000 (a) $ 200,000 Total Liability to GE SCHEDULE OF NOTES PAYABLE March 31, 2022 December 31, 2021 Note payable GE $ 1,200,000 $ 1,200,000 Accrued transition services 972,233 972,233 Accrued Interest 339,823 325,843 Total $ 2,512,056 $ 2,498,076 We are currently in default on the payment of the purchase price pursuant to our asset purchase agreement with General Electric due to our belief that we are entitled to a reduction in purchase price we paid due to the misunderstanding of the asset valuation. On May 4, 2020 the company entered in to a payroll protection loan, with Comerica bank, guaranteed by the SBA due May 4, 2022 for $ 110,700 1 May 4, 2022 On February 4 , 2021 the company entered in to a payroll protection loan, with Comerica bank, guaranteed by the SBA due February 4, 2023 for $ 89,200 1 February 4, 2023 On September 7, 2021 the company entered into a promissory note in the amount of $ 226,345 , with and interest rate of 10 % per annum and a default interest rate of 22% per annum. This note is due in full on September 7, 2022 and has mandatory monthly payments of $ 23,828 . The note had an OID of $ 23,345 and recorded as finance fee expense. In the event of the default, at the option of the Investor, the note may be converted into shares of common stock of the company. This is note is convertible, but not until a contingent event of default has taken place, none of which have occurred as of the date of this filing. The balance on this note as of March 31, 2022 was $ 119,142 . On September 28, 2021 the company entered into a promissory note in the amount of $ 142,720 , with and interest rate of 10 % per annum and a default interest rate of 22% per annum. This note is due in full on September 28, 2022 and has mandatory monthly payments of $ 15,003 . The note had an OID of $ 14,720 and recorded as finance fee expense. In the event of the default, at the option of the Investor, the note may be converted into shares of common stock of the company. This is note is convertible, but not until a contingent event of default has taken place, none of which have occurred as of the date of this filing. The balance on this note as of March 31, 2022 was $ 75,015 . On March 10, 2022 the company entered into a promissory note in the amount of $ 170,600 , with and interest rate of 10 % per annum and a default interest rate of 22 % per annum. This note is due in full on March 10, 2023 and has mandatory monthly payments of $ 18,766 . The note had an OID of $ 17,060 and recorded as finance fee expense. In the event of the default, at the option of the Investor, the note may be converted into shares of common stock of the company. This is note is convertible, but not until a contingent event of default has taken place, none of which have occurred as of the date of this filing. The balance on this note as of March 31, 2022 was $ 170,060 . Convertible notes On May 5, 2017 we entered into a nine-month convertible note payable for $ 78,000 , which accrues interest at the rate of 12 % per annum. It is not convertible until three months after its issuance and has a conversion rate of sixty one percent ( 61 15 ) Trading Days immediately preceding the date of conversion. On November 6, 2017 this note was assumed and paid in full at a premium for a total of $ 116,600 by Cybernaut Zfounder Ventures. An amended term were added to the original note with the interest rate of 14% February 21 st 91,600 . On May 24, 2017 we entered into a nine-month convertible note payable for $ 32,000 12 58 15 95,685 14% February 26 th 95,685 On October 30, 2019 we entered into a convertible note payable for $ 103,000 October 30, 2020 12 65 15 On January 8, 2020 we entered into a convertible note payable for $ 103,000 January 8, 2021 12 65 15 87,560 87,560 On February 19, 2020 we entered into a convertible note payable for $ 53,000 February 19, 2021 12 65 15 On July 6, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 164,800 1,500,000 .001 1,000,000 4,800 8 0.02 19,211 17,861 3,234 14,267 14,035,202 171,229 164,800 6,429 697,861 27,914 On July 15, 2020 we entered into a convertible note payable for $ 128,000 July 15, 2021 12 65 15 On August 17, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 103,000 1,500,000 .001 1,000,000 3,000 8 0.02 19,211 17,861 14,627 0 On September 10, 2020 we entered into a convertible note payable for $ 63,000 July 15, 2021 11 65 15 On October 14, 2020 Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Firstfire Global Opportunities Fund LLC, (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 168,000 1,500,000 .001 1,250,000 8,000 8 0.02 24,282 24,282 19,093 0 697,861 27,914 On November 10, 2020 we entered into a convertible note payable for $ 53,000 November 10, 2021 11 65 15 On December 18, 2020 we entered into a convertible note payable for $ 83,500 December 18, 2021 11 65 15 On December 27, 2021, we entered into a convertible note payable with Universal Scope Inc. for $ 650,000 2 0.06 Total due to Convertible Notes SCHEDULE OF CONVERTIBLE NOTES March 31,2022 December 31, 2021 Total convertible notes $ 1,171,818 $ 1,109,890 Accrued Interest 116,925 110,370 Debt Discount - (26,919 ) Total $ 1,288,742 $ 1,193,341 | NOTE 8 – NOTES PAYABLE The Company issued a short-term note payable to an individual, secured by the assets of the Company, dated September 6, 2013 in the amount of $ 50,000 3,500 36,500 1,700,000 .02 36,500 19,721 22,221 st On November 11, 2013, we entered into an accounts receivable financing agreement with American Interbanc (now Nations Interbanc). Amounts outstanding under the agreement bear interest at the rate of 2.5 1,680,350 1,169,638 On September 11, 2015, our CE HRS subsidiary issued a promissory note in the initial principal amount $ 1,400,000 100,000 1,500,000 (a) $ 200,000 Total Liability to GE SCHEDULE OF NOTES PAYABLE December 31, 2021 December 31, 2020 Note payable GE $ 1,200,000 $ 1,200,000 Accrued transition services 972,233 972,233 Accrued Interest 325,843 269,921 Total $ 2,498,076 $ 2,442,154 We are currently in default on the payment of the purchase price pursuant to our asset purchase agreement with General Electric due to our belief that we are entitled to a reduction in purchase price we paid due to the misunderstanding of the asset valuation. On May 4 , 110,700 1 May 4, 2022 Convertible notes On May 5, 2017 we entered into a nine-month convertible note payable for $ 78,000 , which accrues interest at the rate of 12 % per annum. It is not convertible until nine months after its issuance and has a conversion rate of ninety one percent ( 61 %) of the lowest closing bid price (as reported by Bloomberg LP) of our common stock for the fifteen ( 15 ) Trading Days immediately preceding the date of conversion. On November 6, 2017 this note was assumed and paid in full at a premium for a total of $ 116,600 by Cybernaut Zfounder Ventures. An amended term were added to the original note with the interest rate of 14%. This note matured on February 21 st and is currently in default. As of December 31, 2021, the outstanding balance due was $ 91,600 . On May 24, 2017 we entered into a nine-month convertible note payable for $ 32,000 , which accrues interest at the rate of 12 % per annum. It is not convertible until nine months after its issuance and has a conversion rate of fifty-five eight percent ( 58 %) of the lowest closing bid price (as reported by Bloomberg LP) of our common stock for the fifteen ( 15 ) Trading Days immediately preceding the date of conversion. On November 6, 2017 this note was assumed and paid in full at a premium for a total of $ 95,685 , by Cybernaut Zfounder Ventures. An amended term was added to the original note with the interest rate of 14%. This note matured on February 26 th 95,685 On October 30, 2019 we entered into a convertible note payable for $ 103,000 October 30, 2020 12 65 15 On January 8, 2020 we entered into a convertible note payable for $ 103,000 January 8, 2021 12 65 15 87,560 87,560 On February 19, 2020 we entered into a convertible note payable for $ 53,000 February 19, 2021 12 65 15 On July 6, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 164,800 1,500,000 .001 1,000,000 4,800 8 0.02 19,211 17,861 3,234 14,267 14,035,202 171,229 164,800 6,429 697,861 27,914 On July 15, 2020 we entered into a convertible note payable for $ 128,000 July 15, 2021 12 65 15 On August 17, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 103,000 1,500,000 .001 (1,000,000 3,000 8 0.02 19,211 17,861 3,234 14,267 On September 10, 2020 we entered into a convertible note payable for $ 63,000 July 15, 2021 11 65 15 On October 14, 2020 Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Firstfire Global Opportunities Fund LLC, (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 168,000 1,500,000 .001 1,250,000 8,000 8 0.02 24,282 24,282 5,189 19,093 697,861 27,914 On November 10, 2020 we entered into a convertible note payable for $ 53,000 November 10, 2021 11 65 15 On December 18, 2020 we entered into a convertible note payable for $ 83,500 December 18, 2021 11 65 15 56,000 7,000 On December 27, 2021, we entered into a convertible note payable with Universal Scope Inc. for $ 650,000 2 0.06 Total due to Convertible Notes SCHEDULE OF CONVERTIBLE NOTES December 31, 2021 December 31, 2020 Total convertible notes $ 1,109,890 $ 612,355 Accrued Interest 110,370 99,509 Debt Discount (26,919 ) (170,438 ) Total $ 1,193,341 $ 541,426 |
Derivative Liabilities
Derivative Liabilities | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Derivative Liabilities | Note 10 – Derivative Liabilities As a result of the convertible notes we recognized the embedded derivative liability on the date of note issuance. We also revalued the remaining derivative liability on the outstanding note balance on the date of the balance sheet. We value the derivative liability using a binomial lattice model with an expected volatility range of 70 % to 84 %, a risk-free interest rate range of 0.15 %, an exercise price range of $ .0245 to $ .0258 and a stock price of $ .033 . The remaining derivative liabilities were: SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY March 31, 2022 December 31, 2021 Derivative Liabilities on Convertible Loans: Outstanding Balance $ 240,669 $ 256,683 | Note 9 – Derivative Liabilities As a result of the convertible notes we recognized the embedded derivative liability on the date of note issuance. We also revalued the remaining derivative liability on the outstanding note balance on the date of the balance sheet. We value the derivative liability using a binomial lattice model with an expected volatility range of 39 % to 56 % and a risk-free interest rate of 0.15 % The remaining derivative liabilities were: SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY December 31, 2021 December 31, 2020 Derivative Liabilities on Convertible Loans: Outstanding Balance $ 256,683 $ 2,008,802 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | ||
COMMITMENTS AND CONTINGENCIES | NOTE 11 – COMMITMENTS AND CONTINGENCIES Operating Rental Leases As of May 1, 2017, our corporate headquarters are located at 2990 Redhill Unit A, Costa Mesa, CA. On March 10, 2017, the Company signed a lease agreement for a 18,200 In October of 2018 we signed a sublease agreement with our facility in Italy with an indefinite term that may be terminated by either party with a 60-day notice for 1,000 Euro per month. Due to the short termination clause, we are treating this as a month-to-month lease. SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Year Lease Payment 2022 186,849 2022 249,132 2023 191,903 Imputed Interest (19,792 ) Net Lease Liability $ 421,243 As of March 31, 2022 Year Lease Payment 2022 186,849 2023 191,903 Imputed Interest (14,047 ) Net Lease Liability $ 364,709 Our lease expense for the three months ended March 31, 2022 and 2021 was $ 88,962 86,210 ASB ASU 2016-02 “Leases (Topic 842)” – 5 Severance Benefits Mr. Mahdi will receive a severance benefit consisting of a single lump sum cash payment equal the salary that Mr. Mahdi would have been entitled to receive through the remainder or the Employment Period or One (1) year, whichever is greater. | NOTE 10 – COMMITMENTS AND CONTINGENCIES The company has received an invoice from Oberon Securities for $ 291,767 Operating Rental Leases As of May 1, 2017, our corporate headquarters are located at 2990 Redhill Unit A, Costa Mesa, CA. On March 10, 2017, the Company signed a lease agreement for a 18,200 -square foot CTU Industrial Building. Lease term is seven years and two months beginning July 1, 2017. In October of 2018 we signed a sublease agreement with our facility in Italy with an indefinite term that may be terminated by either party with a 60-day notice for 1,000 Euro per month. Due to the short termination clause, we are treating this as a month-to-month lease . Future minimum lease payments for the years ending December 31, 2022 and 2023 are: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Year Lease Payment 2022 249,132 2023 191,903 Imputed Interest (19,792 ) Net Lease Liability $ 421,243 Our lease expense for the years ended December 31, 2020 and 2021 was $ 363,643 and $ 346,454 respectively. ASB ASU 2016-02 “Leases (Topic 842)” – 5 Severance Benefits Mr. Mahdi will receive a severance benefit consisting of a single lump sum cash payment equal the salary that Mr. Mahdi would have been entitled to receive through the remainder or the Employment Period or One (1) year, whichever is greater. Mr. Bennett will receive a severance benefit consisting of a single lump sum cash payment equal the salary that Mr. Bennett would have been entitled to receive through the remainder or the Employment Period or One (1) year, whichever is greater. Subsequently on March 9, 2020, John Bennett notified Clean Energy Technologies, Inc. (the “Company”) of his resignation from his position as the Company’s Chief Financial Officer, effective March 9, 2020. Mr. Bennett will remain as a consultant to the Company and assist with maintaining the financial books and records of the Company. As a result, Mr. Bennett is no longer entitled to any severance benefits. |
CAPITAL STOCK TRANSACTIONS
CAPITAL STOCK TRANSACTIONS | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | ||
CAPITAL STOCK TRANSACTIONS | NOTE 12 – CAPITAL STOCK TRANSACTIONS On April 21, 2005, our Board of Directors and shareholders approved the re-domicile of the Company in the State of Nevada, in connection with which we increased the number of our authorized common shares to 200,000,000 .001 On May 25, 2006, our Board of Directors and shareholders approved an amendment to our Articles of Incorporation to authorize a new series of preferred stock, designated as Series C, and consisting of 15,000 On June 30, 2017, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 400,000,000 10,000,000 On August 28, 2018, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 800,000,000 On June 10, 2019, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 2,000,000,000 Common Stock Transactions On July 6, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 164,800 1,500,000 .001 1,000,000 14,035,202 171,229 164,800 6,429 697,861 27,914 On July 23, 2020 we issued 3,000,000 .04 1,200 On August 17, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 103,000 1,500,000 .001 1,000,000 3,000 8 0.02 19,211 17,861 14,627 0 1,100,000 44,000 On October 14, 2020 Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Firstfire Global Opportunities Fund LLC, (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 168,000 1,500,000 .001 1,250,000 547,468.00 On February 5, 2021 we issued 3,000,000 .08 1,200 On February 9, 2021 we issued 2,275,662 182,052 On February 9, 2021 we issued 2,000,000 .04 800 On February 23, 2021 we issued 3,754,720 .014 3,754,720 0.04 52,566 36,283 On March 5, 2021 we issued 8,333,333 .06 500,000 On March 10, 2021 we issued 32,125,000 .08 2,570,000 On March 12, 2021 we issued 1,625,000 2,068,588 .08 650 165,487 On September 2, 2021, Clean Energy Technology, Inc., a Nevada corporation (the “Company”), entered into an Equity Financing Agreement (“Equity Financing Agreement”) and Registration Rights Agreement (“Registration Rights Agreement”) with GHS Investments LLC, a Nevada limited liability company (“GHS”). Under the terms of the Equity Financing Agreement, GHS agreed to provide the Company with up to $ 4,000,000 1,142,459 47,699 On September 13, 2021 we issued 1,100,630 During the year ended December 31, 2021, we issued 9,842,072 294,016 96,334 On December 31, 2021 we issued 9,833,750 .08 During the quarter ended March 31, 2022, we issued 3,155,865 134,755 45,498 On February 21, 2022, we issued 15,035,000 .08 Common Stock Our Articles of Incorporation authorize us to issue 2,000,000,000 0.001 961,760,014 The holders of our common stock are entitled to share equally in dividends and other distributions that our Board of Directors may declare from time to time out of funds legally available for that purpose, if any, after the satisfaction of any prior rights and preferences of any outstanding preferred stock. If we liquidate, dissolve or wind up, the holders of common stock shares will be entitled to share ratably in the distribution of all of our assets remaining available for distribution after satisfaction of all our liabilities and our obligations to holders of our outstanding preferred stock. Preferred Stock Our Articles of Incorporation authorize us to issue 20,000,000 0.001 Unless our Board of Directors provides otherwise, the shares of all series of preferred stock will rank on parity with respect to the payment of dividends and to the distribution of assets upon liquidation. Any issuance by us of shares of our preferred stock may have the effect of delaying, deferring or preventing a change of our control or an unsolicited acquisition proposal. The issuance of preferred stock also could decrease the amount of earnings and assets available for distribution to the holders of common stock or could adversely affect the rights and powers, including voting rights, of the holders of common stock. We previously authorized 440 20,000 15,000 Effective August 7, 2013, our Board of Directors designated a series of our preferred stock as Series D Preferred Stock, authorizing 15,000 shares. Our Series D Preferred Stock offering terms authorized us to raise up to $1,000,000 with an over-allotment of $500,000 in multiple closings over the course of six months. We received an aggregate of $ 750,000 The following are primary terms of the Series D Preferred Stock. The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5 In connection with the subscriptions for the Series D Preferred, we issued series F warrants to purchase an aggregate of 375,000 .10 375,000 .20 On August 21, 2014, a holder holding 5,000 13 In September 2015, all holders of Series D Preferred signed and delivered estoppel agreements, whereby the holders agreed, among other things, that the Series D Preferred was not in default and to reduce (effective as of December 31, 2015) the dividend rate on the Series D Preferred Stock to six percent per annum and to terminate the 3.5% penalty in respect of unpaid dividends accruing on or after such date In the first quarter of 2019, we signed agreements to issue 4,000,000 .015 60,000 800 We also recorded a $ 60,000 On February 4, 2020 we issued 2,000,000 .04 800 On July 23, 2020 we issued 3,000,000 .04 1,200 On February 5, 2021 we issued 3,000,000 .08 1,200 On February 9, 2021 we issued 2,275,662 182,052 On February 9, 2021 we issued 2,000,000 .04 800 On March 12, 2021 we issued 3,693,588 .08 1300 Warrants A summary of warrant activity for the periods is as follows: On July 6, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 164,800 1,500,000 .001 1,000,000 4,800 8 0.02 697,861 On August 17, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 103,000 1,500,000 .001 1,000,000 3,000 8 0.02 1,100,000 On February 23, 2021 we issued 3,754,720 .014 3,754,720 0.04 52,566 36,283 SCHEDULE OF WARRANT ACTIVITY Warrants - Common Share Equivalents Weighted Average Exercise price Warrants exercisable - Common Share Equivalents Weighted Average Exercise price Outstanding December 31, 2021 8,754,720 $ 0.04 8,754,720 $ 0.04 Expired 3,754,720 3,754,720 0.04 Exercised Outstanding March 31, 2022 5,000,000 $ 0.04 5,000,000 $ 0.04 Stock Options We currently have no outstanding stock options. | NOTE 11 – CAPITAL STOCK TRANSACTIONS On April 21, 2005, our Board of Directors and shareholders approved the re-domicile of the Company in the State of Nevada, in connection with which we increased the number of our authorized common shares to 200,000,000 .001 On May 25, 2006, our Board of Directors and shareholders approved an amendment to our Articles of Incorporation to authorize a new series of preferred stock, designated as Series C, and consisting of 15,000 On June 30, 2017, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 400,000,000 10,000,000 On August 28, 2018, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 800,000,000 On June 10, 2019, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 2,000,000,000 Common Stock Transactions On January 21, 2020 our Registration Statement on Form 1-A was qualified with the Securities and Exchange Commission, under which we may offer up to 300,000,000 .03 4,523,333 On January 30, 2020 we issued 1,700,000 .02 36,500 19,721 22,221 st On February 3, 2020 we issued 3,690,000 .03 On February 4, 2020 we issued 2,000,000 .04 800 On March 17, 2020 we issued 833,333 .03 On June 8, 2020, Clean Energy Technology, Inc., a Nevada corporation (the “Company”), entered into an Equity Financing Agreement (“Equity Financing Agreement”) and Registration Rights Agreement (“Registration Rights Agreement”) with GHS Investments LLC, a Nevada limited liability company (“GHS”). Under the terms of the Equity Financing Agreement, GHS agreed to provide the Company with up to $2,000,000 upon effectiveness of a registration statement on Form S-1 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “Commission”) As a result we issued 764,526 10,000 During the year ended December 31, 2020 we issued 22,572,272 321,951 171,794 On July 6, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 164,800 1,500,000 .001 1,000,000 14,035,202 171,229 164,800 6,429 697,861 27,914 On July 23, 2020 we issued 3,000,000 .04 On August 17, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 103,000 1,500,000 .001 1,000,000 3,000 8 0.02 19,211 17,861 3,234 14,267 On October 14, 2020 Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Firstfire Global Opportunities Fund LLC, (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 168,000 1,500,000 .001 1,250,000 These shares were issued on February 1, 2021, and 547,468.00 On February 5, 2021 we issued 3,000,000 shares of our common stock at a price of $ .08 per share, in exchange for the conversion of 1,200 shares of our Series D Preferred Stock. On February 9, 2021 we issued 2,275,662 shares of our common stock share, in exchange for the conversion of $ 182,052 of accrued dividend for the series D Preferred Stock. On February 9, 2021 we issued 2,000,000 shares of our common stock at a price of $.04 per share, in exchange for the conversion of 800 shares of our Series D Preferred Stock. On February 23, 2021 we issued 3,754,720 of common stock at a purchase price of $ .014 per share and 3,754,720 of warrant at purchase price of 0.04 for an aggregate price of $ 52,566 to an accredited investor in a private sale. An additional 36,283 shares were issued as a result of a correction made to the original transaction. On March 5, 2021 we issued 8,333,333 of common stock at a purchase price of $ .06 per share for an aggregate price of $ 500,000 to an accredited investor in a private sale. On March 10, 2021 we issued 32,125,000 units of common stock at a purchase price of $ .08 per share for an aggregate price of $ 2,570,000 to an accredited investor in a private sale. On March 12, 2021 we issued 1,625,000 shares and 2,068,588 of our common stock at a price of $ .08 per share, in exchange for the conversion of 650 shares of our Series D Preferred Stock and 165,487 of accrued dividend for the series D preferred stock. On May 28, 2021 we issued 547,468 On June 16, 2021 we issued 36,283 On September 2, 2021, Clean Energy Technology, Inc., a Nevada corporation (the “Company”), entered into an Equity Financing Agreement (“Equity Financing Agreement”) and Registration Rights Agreement (“Registration Rights Agreement”) with GHS Investments LLC, a Nevada limited liability company (“GHS”). Under the terms of the Equity Financing Agreement, GHS agreed to provide the Company with up to $4,000,000 upon effectiveness of a registration statement on Form S-1 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “Commission”) As a result we issued 1,142,459 47,699 On September 13, 2021, we issued 1,100,630 During the year ended December 31, 2021, we issued 9,842,072 294,016 96,334 On December 31, 2021 we issued 9,833,750 .08 Common Stock Our Articles of Incorporation authorize us to issue 2,000,000,000 shares of common stock, par value $ 0.001 per share. As of April 15, 2021 there were 965,171,292 shares of common stock outstanding. All outstanding shares of common stock are, and the common stock to be issued will be, fully paid and non-assessable. Each share of our common stock has identical rights and privileges in every respect. The holders of our common stock are entitled to vote upon all matters submitted to a vote of our shareholders and are entitled to one vote for each share of common stock held. There are no cumulative voting rights. The holders of our common stock are entitled to share equally in dividends and other distributions that our Board of Directors may declare from time to time out of funds legally available for that purpose, if any, after the satisfaction of any prior rights and preferences of any outstanding preferred stock. If we liquidate, dissolve or wind up, the holders of common stock shares will be entitled to share ratably in the distribution of all of our assets remaining available for distribution after satisfaction of all our liabilities and our obligations to holders of our outstanding preferred stock. Preferred Stock Our Articles of Incorporation authorize us to issue 20,000,000 0.001 Unless our Board of Directors provides otherwise, the shares of all series of preferred stock will rank on parity with respect to the payment of dividends and to the distribution of assets upon liquidation. Any issuance by us of shares of our preferred stock may have the effect of delaying, deferring or preventing a change of our control or an unsolicited acquisition proposal. The issuance of preferred stock also could decrease the amount of earnings and assets available for distribution to the holders of common stock or could adversely affect the rights and powers, including voting rights, of the holders of common stock. We previously authorized 440 20,000 15,000 Effective August 7, 2013, our Board of Directors designated a series of our preferred stock as Series D Preferred Stock, authorizing 15,000 shares. Our Series D Preferred Stock offering terms authorized us to raise up to $1,000,000 with an over-allotment of $500,000 in multiple closings over the course of six months. We received an aggregate of $ 750,000 The following are primary terms of the Series D Preferred Stock. The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5 In connection with the subscriptions for the Series D Preferred, we issued series F warrants to purchase an aggregate of 375,000 .10 375,000 .20 On August 21, 2014, a holder holding 5,000 13 In September 2015, all holders of Series D Preferred signed and delivered estoppel agreements, whereby the holders agreed, among other things, that the Series D Preferred was not in default and to reduce (effective as of December 31, 2015) the dividend rate on the Series D Preferred Stock to six percent per annum and to terminate the 3.5% penalty in respect of unpaid dividends accruing on or after such date In the first quarter of 2019, we signed agreements to issue 4,000,000 .015 60,000 800 We also recorded a $ 60,000 On February 4, 2020 we issued 2,000,000 .04 800 On July 23, 2020 we issued 3,000,000 .04 1,200 On February 5, 2021 we issued 3,000,000 .08 1,200 On February 9, 2021 we issued 2,275,662 182,052 On February 9, 2021 we issued 2,000,000 .04 800 On March 12, 2021 we issued 3,693,588 .08 1300 Warrants A summary of warrant activity for the periods is as follows: On May 31, 2019, we entered into a subscription agreement pursuant to which the Company agreed to sell 168,000,000 1,999,200 .0119 .001 .04 On June 10, 2019 we issued 500,000 .02 10,000 500,000 .04 On July 18, 2019 we issued 500,000 .02 10,000 500,000 On September 19, 2019 we entered into a stock purchase agreement for 250,000 one .04 On December 5, 2019 we issued 5,000,000 one .04 On July 6, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 164,800 1,500,000 .001 1,000,000 4,800 8 0.02 697,861 On August 17, 2020, Clean Energy Technologies, Inc. (the “Company) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with LGH Investments, LLC (the “Investor”), pursuant to which the Company issued to the Investor a convertible promissory note (the “Note”) in the original principal amount of $ 103,000 1,500,000 1,000,000 3,000 8 0.02 1,100,000 On February 23, 2021 we issued 3,754,720 of common stock at a purchase price of $ .014 per share and 3,754,720 of warrant at purchase price of 0.04 for an aggregate price of $ 52,566 to an accredited investor in a private sale. An additional 36,283 shares were issued as a result of a correction made to the original transaction. The weighted average life remaining in the table below is approximately 1 SCHEDULE OF WARRANT ACTIVITY Warrants - Common Share Equivalents Weighted Average Exercise price Warrants exercisable - Common Share Equivalents Weighted Average Exercise price Outstanding December 31, 2020 9,500,000 $ 0.04 9,500,000 $ 0.04 Additions 3,754,720 3,754,720 0.04 Exercised 4,500,000 4,500,000 Outstanding December 31, 2021 8,754,720 $ 0.04 8,754,720 $ 0.04 Stock Options We currently have no outstanding stock options |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Related Party Transactions [Abstract] | ||
RELATED PARTY TRANSACTIONS | NOTE 13 – RELATED PARTY TRANSACTIONS Kambiz Mahdi, our Chief Executive Officer, owns Billet Electronics, which is distributor of electronic components. From time to time, we purchase parts from Billet Electronics. In addition, Billet was a supplier of parts and had dealings with current and former customers of the Company prior to joining the company. The amount of parts purchases in the 1 st 8,180 . Our Board of Directors has approved the transactions between Billet Electronics and the Company. On November 2, 2016, we effected the repayment of the convertible note dated March 15, 2016 for an aggregate amount of $ 84,000 .005 10 Concurrently with the foregoing note repayments, we entered into a Credit Agreement and Promissory Note (the “Credit Agreement”) with Megawell USA Technology Investment Fund I LLC, a Wyoming limited liability company in formation (“MW I”), pursuant to which MW I deposited funds into escrow to fund the repayment of the convertible notes and we assigned to MW I our right to acquire the convertible notes and otherwise agreed that MW I would be subrogated to the rights of each note holder to the extent a note was repaid with funds advanced by MW I. Concurrently, MW I acquired the Master Note and we agreed that all amounts advanced by MG I to or for our benefit would be governed by the terms of the Master Note, including the payment of a financing fees, interest, minimum interest, and convertibility. Reddot is MW I’s agent for purposes of administration of the Credit Agreement and the Master Note and advances thereunder. On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $ 939,500 10 February 13, 2020 0.003 532,383 agreed not to convert the $ 939,500 800,000,000 On February 8, 2018 the Corporation entered a Convertible Promissory Note in the principal amount of $ 153,123 12 The MGWI Note is convertible into shares of the Corporation’s common stock at the lower of: (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice; or (ii) 0.003. As a result of the closing of the transactions contemplated by the Stock Purchase Agreement and Convertible Note Purchase Agreement, the MGWI Note must be redeemed by the Corporation in an amount that will permit CVL and MGWI and their affiliates to hold 65% of the issued and outstanding Common Stock of the Corporation on a fully diluted basis. 103,000 12 At December 31, 2019 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature. Subsequently on May 11 th October 8, 2023 75,000 25,000,000 On May 31, 2019, we entered into a subscription agreement pursuant to which the Company agreed to sell 168,000,000 1,999,200 .0119 .001 .04 In the fourth quarter of 2019 MGW Investment I Limited, advanced $ 167,975 167,975 On March 24, 2021, the Company transferred $ 500,000 On June 24, 2021 MGW I converted $ 75,000 25,000,000 | NOTE 12 – RELATED PARTY TRANSACTIONS Kambiz Mahdi, our Chief Executive Officer, owns Billet Electronics, which is distributor of electronic components. From time to time, we purchase parts from Billet Electronics. In addition, Billet was a supplier of parts and had dealings with current and former customers of the Company prior to joining the company. The amount of parts purchases in 2021 was $ 10,241 Pursuant to our 2017 Stock Compensation Program, effective July 1, 2017, we made the following stock option grants to members of our Board of Directors: (a) we issued to each of our non-employee members of our Board of Directors first joining the Board in October 2015 and who had not received any compensation for serving as directors of the Company (five persons) options to purchase 150,000 shares of our common stock with an exercise price of $.03 per share, the last sale price of our common stock on June 29, 2017 and (b) we issued to each of our non-employee members of our Board of Directors currently serving on the Board (six persons) options to purchase 300,000 shares of our common stock with an exercise price of $.03 per share On November 2, 2016, we effected the repayment of the convertible note dated March 15, 2016 for an aggregate amount of $ 84,000 .005 10 Concurrently with the foregoing note repayments, we entered into a Credit Agreement and Promissory Note (the “Credit Agreement”) with Megawell USA Technology Investment Fund I LLC, a Wyoming limited liability company in formation (“MW I”), pursuant to which MW I deposited funds into escrow to fund the repayment of the convertible notes and we assigned to MW I our right to acquire the convertible notes and otherwise agreed that MW I would be subrogated to the rights of each note holder to the extent a note was repaid with funds advanced by MW I. Concurrently, MW I acquired the Master Note and we agreed that all amounts advanced by MG I to or for our benefit would be governed by the terms of the Master Note, including the payment of a financing fees, interest, minimum interest, and convertibility. Reddot is MW I’s agent for purposes of administration of the Credit Agreement and the Master Note and advances thereunder. On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $ 939,500 10 February 13, 2020 0.003 532,383 agreed not to convert the $ 939,500 800,000,000 On February 8, 2018 the Corporation entered a Convertible Promissory Note in the principal amount of $ 153,123 12 The MGWI Note is convertible into shares of the Corporation’s common stock at the lower of: (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice; or (ii) 0.003. As a result of the closing of the transactions contemplated by the Stock Purchase Agreement and Convertible Note Purchase Agreement, the MGWI Note must be redeemed by the Corporation in an amount that will permit CVL and MGWI and their affiliates to hold 65% of the issued and outstanding Common Stock of the Corporation on a fully diluted basis. 12 At December 31, 2019 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature. Subsequently on May 11th this note was amended and the maturity date was extended to October 8, 2023 75,000 25,000,000 On February 15, 2018 we issued 9,200,000 .0053 On October 18, 2018 we entered into an at will employment agreement with Kambiz Mahdi our CEO. This agreement may be terminated at any time. As part of the agreement Mr. Mahdi was to be issued 20,000,000 20,000,000 .0131 262,000 On May 1, 2019 we entered into an employment agreement with Mr. Bennett, with an annual salary of $ 175,000 March 9, 2020, John Bennett notified Clean Energy Technologies, Inc. (the “Company”) of his resignation from his position as the Company’s Chief Financial Officer, effective March 9, 2020. Mr. Bennett will remain as a consultant to the Company and assist with maintaining the financial books and records of the Company. On May 31, 2019, we entered into a subscription agreement pursuant to which the Company agreed to sell 168,000,000 1,999,200 .0119 .001 .04 In the fourth quarter of 2019 MGW Investment I Limited, advanced $ 167,975 , with no terms or interest rate. The outstanding balance on this advance on December 31, 2021 is $ 167,975 On March 24, 2021, the Company transferred $ 500,000 On June 24, 2021 MGW I converted $ 75,000 25,000,000 |
WARRANTY LIABILITY
WARRANTY LIABILITY | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Disclosure Warranty Liability Abstract | ||
WARRANTY LIABILITY | Note 14 - WARRANTY LIABILITY For the quarter ended March 31, 2022, and for the year ended December 31, 2021 there was no change in our warranty liability. We estimate our warranty liability based on past experiences and estimated replacement cost of material and labor to replace the critical turbine in the units that are still under warranty. | Note 13 - Warranty Liability WARRANTY LIABILITY For the year ended December 31, 2021 and 2020 there was no We estimate our warranty liability based on past experiences and estimated replacement cost of material and labor to replace the critical turbine in the units that are still under warranty. |
NON-CONTROLLING INTEREST
NON-CONTROLLING INTEREST | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Noncontrolling Interest [Abstract] | ||
NON-CONTROLLING INTEREST | NOTE 15 – NON-CONTROLLING INTEREST On June 24, 2021 the Company formed CETY Capital LLC a wholly owned subsidiary of CETY. In addition, the company established CETY Renewables Ashfield LLC (“CRA”) a wholly owned subsidiary of Ashfield Renewables Ag Development LLC(“ARA”) with our partner, Ashfield AG (“AG”). The purpose of the joint venture is the development of a pyrolysis plant established to convert woody feedstock into electricity and BioChar by using high temperature ablative fast pyrolysis reactor for which Clean Energy Technology, Inc. holds the license for. The CRA is located in Ashfield, Massachusetts. Based upon the terms of the members’ agreement, the CETY Capital LLC owns a 75 25 The consolidated financial statements reflect 100% of the assets and liabilities of CRA and report the current non-controlling interest of AG. The full results of CRA operations are reflected in the statement of income with the elimination of the non-controlling interest identified. | |
NON-CONTROLLING INTEREST | NOTE 14 – NON-CONTROLLING INTEREST On June 24, 2021 the Company formed CETY Capital LLC a wholly owned subsidiary of CETY. In addition the company established CETY Renewables Ashfield LLC (“CRA”) a wholly owned subsidiary of Ashfield Renewables Ag Development LLC(“ARA”) with our partner, Ashfield AG (“AG”). The purpose of the joint venture is the development of a pyrolysis plant established to convert woody feedstock into electricity and BioChar by using high temperature ablative fast pyrolysis reactor for which Clean Energy Technology, Inc. holds the license for. The CRA is located in Ashfield, Massachusetts. Based upon the terms of the members’ agreement, the CETY Capital LLC owns a 75 25 The consolidated financial statements reflect 100% of the assets and liabilities of CRA and report the current non-controlling interest of AG. The full results of CRA operations are reflected in the statement of income with the elimination of the non-controlling interest identified. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Subsequent Events [Abstract] | ||
SUBSEQUENT EVENTS | NOTE 16 – SUBSEQUENT EVENTS During the April of 2022, we issued 4,915,644 153,324 34,500 On May 6, 2022, we entered into a Securities Purchase Agreement with Mast Hill, L.P. (Mast Hill”) pursuant to which the Company issued to Mast Hill a $ 750,000 675,000.00 75,000.00 15 9,375,000 | NOTE 15 – SUBSEQUENT EVENTS Investment On January 10, 2022 CETY has made an investment in the form of a 12% convertible promissory note with a maturity date of January 10, 2025 in a natural gas pipeline project that is estimated to supply up to 50 million cubic meters per year to a region with a population of approximately 130k people, and a focus on industrial use. This note shall be convertible directly into shares or equity interest equal to 15% outstanding equity interest. On January 27, March 31, 2022, April 14, 2022 29, 2022 8,071,797 shares of common stock, under S-1 registration statement with GHS for a total of $ 211,148 in net proceeds and expensed $ 79,997 in legal and financing fees as a result. On February 21, 2022 we issued 15,035,000 shares of common stock, under Regulation A registration statement a total of $ 1,202,800 in net proceeds. |
BASIS OF PRESENTATION AND SUM_2
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
Estimates | Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates may be materially different from actual financial results. Significant estimates include the recoverability of long-lived assets, the collection of accounts receivable and valuation of inventory and reserves. | Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates may be materially different from actual financial results. Significant estimates include the recoverability of long-lived assets, the collection of accounts receivable and valuation of inventory and reserves. |
Cash and Cash Equivalents | Cash and Cash Equivalents We maintain the majority of our cash accounts at JP Morgan Chase bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000, (which we may exceed from time to time) per commercial bank. For purposes of the statement of cash flows we consider all cash and highly liquid investments with initial maturities of one year or less to be cash equivalents. | Cash and Cash Equivalents We maintain the majority of our cash accounts at a commercial bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 |
Accounts Receivable | Accounts Receivable Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. Reserves for un-collectable amounts are provided, based on past experience and a specific analysis of the accounts. Although we expect to collect amounts due, actual collections may differ from the estimated amounts. As of March 31, 2022, and December 31, 2021, we had a reserve for potentially un-collectable accounts receivable of $ 75,000 247,500 247,500 Four (4) customers accounted for approximately 98 | Accounts Receivable Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. Reserves for un-collectable amounts are provided, based on past experience and a specific analysis of the accounts. Although we expect to collect amounts due, actual collections may differ from the estimated amounts. As of December 31, 2021, and December 31, 2020, we had a reserve for potentially un-collectable accounts receivable of $ 75,000 and $ 75,000 . Our policy for reserves for our long-term financing receivables is determined on a contract-by-contract basis and takes into account the length of the financing arrangement. As of December 31, 2021, and December 31, 2020, we had a reserve for potentially un-collectable long-term financing receivables of $ 247,500 and $ 247,500 respectively. Our trade accounts primarily represent unsecured receivables. Historically, our bad debt write-offs related to these trade accounts have been insignificant. |
Lease asset | Lease asset As of March 31, 2022, and December 31, 2021 we had a lease asset that was purchased from General Electric with a value of $ 1,309,527 217,584 20,000 . See note 3 for additional information. | Lease asset As of December 31, 2021, and 2020 we had a lease asset that was purchased from General Electric with a value of $ 1,309,527 , however due the purchase price allocation, we recognized a value of $ 217,584 . The lease is due to be commissioned in the second quarter of 2022 and will generate approximately $ 20,000 per month for 120 months. See note 3 for additional information. |
Inventory | Inventory Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of March 31, 2022, and December 31, 2021, we had a reserve for potentially obsolete inventory of $ 321,104 | Inventory Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of December 31, 2021 and December 31, 2020, we had a reserve for potentially obsolete inventory of $ 321,104 and $ 250,000 respectively. |
Property and Equipment | Property and Equipment Property and equipment are recorded at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets: SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES Furniture and fixtures 3 7 Equipment 7 10 Leasehold Improvements 7 | Property and Equipment Property and equipment are recorded at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets: SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES Furniture and fixtures 3 to 7 years Equipment 7 to 10 years Leasehold Improvements 7 years |
Long –Lived Assets | Long –Lived Assets Our management assesses the recoverability of its long-lived assets by determining whether the depreciation and amortization of long lived assets over their remaining lives can be recovered through projected undiscounted future cash flows. The amount of long-lived asset impairment if any, is measured based on fair value and is charged to operations in the period in which long-lived assets impairment is determined by management. There can be no assurance however, that market conditions will not change or demand for our services will continue, which could result in impairment of long-lived assets in the future. | Long –Lived Assets Our management assesses the recoverability of its long-lived assets by determining whether the depreciation and amortization of long lived assets over their remaining lives can be recovered through projected undiscounted future cash flows. The amount of long-lived asset impairment if any, is measured based on fair value and is charged to operations in the period in which long-lived assets impairment is determined by management. There can be no assurance however, that market conditions will not change or demand for our services will continue, which could result in impairment of long-lived assets in the future. |
Revenue Recognition | Revenue Recognition The Company recognizes revenue under ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” Performance Obligations Satisfied Over Time FASB ASC 606-10-25-27 through 25-29, 25-36 through 25-37, 55-5 through 55-10 An entity transfers control of a good or service over time and satisfies a performance obligation and recognizes revenue over time if one of the following criteria is met: a. The customer receives and consumes the benefits provided by the entity’s performance as the entity performs (as described in FASB ASC 606-10-55-5 through 55-6). b. The entity’s performance creates or enhances an asset (for example, work in process) that the customer controls as the asset is created or enhanced (as described in FASB ASC 606-10-55-7). c. The entity’s performance does not create an asset with an alternative use to the entity (see FASB ASC 606-10-25-28), and the entity has an enforceable right to payment for performance completed to date (as described in FASB ASC 606-10-25-29). Performance Obligations Satisfied at a Point in Time FASB ASC 606-10-25-30 If a performance obligation is not satisfied over time, the performance obligation is satisfied at a point in time. To determine the point in time at which a customer obtains control of a promised asset and the entity satisfies a performance obligation, the entity should consider the guidance on control in FASB ASC 606-10-25-23 through 25-26. In addition, it should consider indicators of the transfer of control, which include, but are not limited to, the following: a. The entity has a present right to payment for the asset b. The customer has legal title to the asset c. The entity has transferred physical possession of the asset d. The customer has the significant risks and rewards of ownership of the asset e. The customer has accepted the asset The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods and services transferred to the customer. In addition a) the company also does not have an alternative use for the asset if the customer were to cancel the contract, and b.) has a fully enforceable right to receive payment for work performed (i.e., customers are required to pay as various milestones and/or timeframes are met) The following five steps are applied to achieve that core principle for our HRS and CETY Europe Divisions: ● Identify the contract with the customer ● Identify the performance obligations in the contract ● Determine the transaction price ● Allocate the transaction price to the performance obligations in the contract ● Recognize revenue when the company satisfies a performance obligation The following steps are applied to our legacy engineering and manufacturing division: ● We generate a quotation ● We receive purchase orders from our customers. ● We build the product to their specification ● We invoice at the time of shipment ● The terms are typically Net 30 days Also, from time to time our contracts state that the customer is not obligated to pay a final payment until the units are commissioned, i.e. a final payment of 10 33,000 33,000 Also, from time to time we require upfront deposits from our customers based on the contract. As of March 31, 2022 and December 31, 2021, we had outstanding customer deposits of $ 90,516 and $ 24,040 respectively. | Revenue Recognition The Company recognizes revenue under ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” Performance Obligations Satisfied Over Time FASB ASC 606-10-25-27 through 25-29, 25-36 through 25-37, 55-5 through 55-10 An entity transfers control of a good or service over time and satisfies a performance obligation and recognizes revenue over time if one of the following criteria is met: a. The customer receives and consumes the benefits provided by the entity’s performance as the entity performs (as described in FASB ASC 606-10-55-5 through 55-6). b. The entity’s performance creates or enhances an asset (for example, work in process) that the customer controls as the asset is created or enhanced (as described in FASB ASC 606-10-55-7). c. The entity’s performance does not create an asset with an alternative use to the entity (see FASB ASC 606-10-25-28), and the entity has an enforceable right to payment for performance completed to date (as described in FASB ASC 606-10-25-29). Performance Obligations Satisfied at a Point in Time FASB ASC 606-10-25-30 If a performance obligation is not satisfied over time, the performance obligation is satisfied at a point in time. To determine the point in time at which a customer obtains control of a promised asset and the entity satisfies a performance obligation, the entity should consider the guidance on control in FASB ASC 606-10-25-23 through 25-26. In addition, it should consider indicators of the transfer of control, which include, but are not limited to, the following: a. The entity has a present right to payment for the asset b. The customer has legal title to the asset c. The entity has transferred physical possession of the asset d. The customer has the significant risks and rewards of ownership of the asset e. The customer has accepted the asset The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods and services transferred to the customer. In Addition a) the company also does not have an alternative use for the asset if the customer were to cancel the contract, and b.) has a fully enforceable right to receive payment for work performed (i.e., customers are required to pay as various milestones and/or timeframes are met) The following five steps are applied to achieve that core principle for our HRS and Cety Europe Divisions: ● Identify the contract with the customer ● Identify the performance obligations in the contract ● Determine the transaction price ● Allocate the transaction price to the performance obligations in the contract ● Recognize revenue when the company satisfies a performance obligation The following steps are applied to our legacy engineering and manufacturing division: ● We generate a quotation ● We receive Purchase orders from our customers. ● We build the product to their specification ● We invoice at the time of shipment ● The terms are typically Net 30 days Also, from time to time our contracts state that the customer is not obligated to pay a final payment until the units are commissioned, i.e. a final payment of 10 33,000 33,000 Also from time to time we require upfront deposits from our customers based on the contract. As of December 31, 2021 and 2020, we had outstanding customer deposits of $ 24,040 82,730 |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: ● Level 1: Quoted prices in active markets for identical assets or liabilities. ● Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s derivative liabilities have been valued as Level 3 instruments. We value the derivative liability using a lattice model, with a volatility of 84 0.15 The Company’s financial instruments consist of cash, prepaid expenses, inventory, accounts payable, convertible notes payable, advances from related parties, and derivative liabilities. The estimated fair value of cash, prepaid expenses, investments, accounts payable, convertible notes payable and advances from related parties approximate their carrying amounts due to the short-term nature of these instruments. The carrying amounts of the Company’s financial instruments as of March 31, 2022 and December 31, 2021 reflect: SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – March 31, 2022 $ – $ – $ 240,669 $ 240,669 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2021 $ – $ – $ 256,683 $ 256,683 The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments. | Fair Value of Financial Instruments The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: ● Level 1: Quoted prices in active markets for identical assets or liabilities. ● Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s derivative liabilities have been valued as Level 3 instruments. We value the derivative liability using a lattice model, with a volatility of 56 % and using a risk free interest rate of 0.15 % The Company’s financial instruments consist of cash, prepaid expenses, inventory, accounts payable, convertible notes payable, advances from related parties, and derivative liabilities. The estimated fair value of cash, prepaid expenses, investments, accounts payable, convertible notes payable and advances from related parties approximate their carrying amounts due to the short-term nature of these instruments. The carrying amounts of the Company’s financial instruments as of December 31 2021 and 2020, reflect: SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2020 $ – $ – $ 2,008,802 $ 2,008,802 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2021 $ – $ – $ 256,683 $ 256,683 The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments. |
Foreign Currency Translation and Comprehensive Income (Loss) | Foreign Currency Translation and Comprehensive Income (Loss) We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods. The accounts of the Company’s Chinese entities are maintained in RMB. The accounts of the Chinese entities were translated into USD in accordance with FASB ASC Topic 830 “Foreign Currency Matters.” All assets and liabilities were translated at the exchange rate on the balance sheet date; stockholders’ equity is translated at historical rates and the statements of operations and cash flows are translated at the weighted average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income (loss) in accordance with FASB ASC Topic 220, “Comprehensive Income.” Gains and losses resulting from foreign currency transactions are reflected in the statements of operations. The Company follows FASB ASC Topic 220-10, “Comprehensive Income (loss).” Comprehensive income (loss) comprises net income (loss) and all changes to the statements of changes in stockholders’ equity, except those due to investments by stockholders, changes in additional paid-in capital and distributions to stockholders. | |
Net Profit (Loss) per Common Share | Net Profit (Loss) per Common Share Basic profit / (loss) per share is computed on the basis of the weighted average number of common shares outstanding. At March 31, 2022, we had outstanding common shares of 961,760,014 used in the calculation of basic earnings per share. Basic Weighted average common shares and equivalents for the three months ended March 31, 2022 and March 31, 2021 were 952,293,421 and 853,322,779 respectively. As of March 31, 2022, we had convertible notes, convertible into approximately 480,751,127 of additional common shares, 5,000,000 common stock warrants. Fully diluted weighted average common shares and equivalents were withheld from the calculation for the three months ended March 31, 2022 and March 31, 2021 as they were considered anti-dilutive. | Net Profit (Loss) per Common Share Basic profit / (loss) per share is computed based on the weighted average number of common shares outstanding. At December 31, 2021, we had outstanding common shares of 943,569,149 used in the calculation of basic earnings per share. Basic Weighted average common shares and equivalents at December 31, 2021 and 2020 were 900,774,064 and 767,861,170 , respectively. As of December 31, 2021, we had convertible notes, convertible into approximately 482,870,234 of additional common shares, and 8,754,720 common stock warrants. Fully diluted weighted average common shares and equivalents were 1,367,528,898 as of December 31, 2021 and were withheld from the calculation as they were considered anti-dilutive for the year ended December 31, 2021. |
Research and Development | Research and Development We had no | Research and Development We had no |
Segment Disclosure | Segment Disclosure FASB Codification Topic 280, Segment Reporting three An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net. Selected Financial Data SCHEDULE OF SEGMENT REPORTING 2022 2021 for the three months ended March, 31 2022 2021 Net Sales Manufacturing and Engineering 32,280 30,229 Clean Energy HRS 441,193 66,000 LNG Trading 267,966 - Cety Europe 33,827 39,045 Total Sales 775,266 135,274 Segment income and reconciliation before tax Manufacturing and Engineering 23,986 21,526 Clean Energy HRS 400,487 53,828 LNG Trading 60,733 Cety Europe 28,986 36,774 Total Segment income 514,193 112,128 Reconciling items General and Administrative expense (92,935 ) (102,381 ) Salaries (191,217 ) (221,647 ) Travel (27,734 ) (15,013 ) Professional Fees (64,853 ) (45,742 ) Facility lease and Maintenance (88,962 ) (86,210 ) Consulting (25,803 ) - Bad Debt Expense - - Depreciation and Amortization (7,519 ) (8,073 ) Change in derivative liability 16,014 1,749,173 Other Income (9,335 ) - Interest and Financing fees (132,470 ) (313,651 ) Net Loss before income tax (112,589 ) 1,068,584 | Segment Disclosure FASB Codification Topic 280, Segment Reporting three reportable segments: Clean Energy HRS (HRS), Cety Europe and the legacy electronic manufacturing services division. The segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics. Refer to note 1 for a description of the various product categories manufactured under each of these segments. As of December 31, 2021, CETY does not consider CETY HK a segment given there’s limited operations and the results are not reviewed separately by a CODM An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net. Selected Financial Data SCHEDULE OF SEGMENT REPORTING 2021 2020 for the years ended December 31, 2021 2020 Net Sales Manufacturing and Engineering $ 93,371 $ 422,631 Clean Energy HRS 1,014,707 930,882 Cety Europe 192,361 52,492 Total Sales $ 1,300,439 $ 1,406,005 Segment income and reconciliation before tax Manufacturing and Engineering (90,328 ) 118,412 Clean Energy HRS 547,812 581,903 Cety Europe 152,923 50,753 Total Segment income 610,407 751,068 Reconciling items General and Administrative expense (488,177 ) (480,812 ) Salaries (772,463 ) (495,269 ) Travel (145,170 ) (86,292 ) Professional Fees (155,241 ) (111,318 ) Facility lease and Maintenance (346,454 ) (363,643 ) Consulting (243,371 ) (157,149 ) Bad Debt Expense - (259,289 ) Depreciation and Amortization (32,292 ) (32,912 ) Change in derivative liability 1,752,119 (1,270,099 ) Gain / (Loss) on debt settlement and write down 868,502 399,181 Interest and Financing fees (769,369 ) (1,329,230 ) Net Loss before income tax $ 278,492 $ (3,435,764 ) December 31, 2021 December 31, 2020 Total Assets Manufacturing and Engineering $ 3,836,405 $ 1,922,648 Clean Energy HRS 2,556,166 2,166,478 Cety Europe 39,703 34,545 Total Assets $ 6,432,274 $ 4,123,671 |
Share-Based Compensation | Share-Based Compensation The Company has adopted the use of Statement of Financial Accounting Standards No. 123R, “Share-Based Payment” (SFAS No. 123R) (now contained in FASB Codification Topic 718, Compensation-Stock Compensation We re-evaluate the assumptions used to value our share-based awards on a quarterly basis and, if changes warrant different assumptions, the share-based compensation expense could vary significantly from the amount expensed in the past. We may be required to adjust any remaining share-based compensation expense, based on any additions, cancellations or adjustments to the share-based awards. The expense is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. For the three months ended March 31, 2022 and 2021 we had $ 0 | Share-Based Compensation The Company has adopted the use of Statement of Financial Accounting Standards No. 123R, “Share-Based Payment” (SFAS No. 123R) (now contained in FASB Codification Topic 718, Compensation-Stock Compensation We re-evaluate the assumptions used to value our share-based awards on a quarterly basis and, if changes warrant different assumptions, the share-based compensation expense could vary significantly from the amount expensed in the past. We may be required to adjust any remaining share-based compensation expense, based on any additions, cancellations or adjustments to the share-based awards. The expense is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. For the year ended December 31, 2021 and 2020 we had $ 0 in share-based expense, due to the issuance of common stock. As of December 31, 2021, we had no further non-vested expense to be recognized. |
Income Taxes | Income Taxes Federal Income taxes are not currently due since we have had losses since inception of Clean Energy Technologies. On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the year ended December 31, 2022 using a Federal Tax Rate of 21 Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of March 31, 2022, we had a net operating loss carry-forward of approximately $( 8,635,861 ) and a deferred tax asset of $ 2,590,758 using the statutory rate of 30%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $ (2,590,758) . FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. On March 31, 2022 the Company had not taken any tax positions that would require disclosure under FASB ASC 740. SCHEDULE OF DEFERRED TAX ASSET March 31, 2022 December 31, 2021 Deferred Tax Asset $ 2,590,758 $ 2,556,982 Valuation Allowance (2,590,758 ) (2,556,982 ) Deferred Tax Asset (Net) $ - $ - On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $ 907,388 302,462,667 .001 On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $ 939,500 10 0.003 This resulted in a change in control, which limited the net operating to that date forward. We are subject to taxation in the U.S. and the states of California. Further, the Company currently has no open tax years’ subject to audit prior to December 31, 2015. The Company is current on its federal and state tax returns. | Income Taxes Federal Income taxes are not currently due since we have had losses since inception. On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the year ended December 31, 2021 using a Federal Tax Rate of 21 Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of December 31, 2021, we had a net operating loss carry-forward of approximately $ (8,523,272 2,556,982 (2,556,982) SCHEDULE OF DEFERRED TAX ASSET December 31, 2021 December 31, 2020 Deferred Tax Asset $ 2,556,982 $ 2,640,529 Valuation Allowance (2,556,982 ) (2,640,529 ) Deferred Tax Asset (Net) $ - $ - On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $ 907,388 302,462,667 .001 On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $ 939,500 10 0.003 This resulted in a change in control, which limited the net operating to that date forward. We are subject to taxation in the U.S. and the states of California. Further, the Company currently has no open tax years’ subject to audit prior to December 31, 2018 . The Company is current on its federal and state tax returns. |
Reclassification | Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported income, total assets, or stockholders’ equity as previously reported. | Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported income, total assets, or stockholders’ equity as previously reported. |
Recently Issued Accounting Standards | Recently Issued Accounting Standards The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements. Update 2021-03—Intangibles—Goodwill and Other (Topic 350): Accounting Alternative For Evaluating Triggering Events. The amendments in this Update are effective on a prospective basis for fiscal years beginning after December 15, 2019. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance as of March 30, 2021. Update 2021-01—Reference Rate Reform (Topic 848): An entity may elect to apply the amendments in this Update on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020. In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, Financial Instruments—Credit Losses (codified Update 2020-06—Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. We do not expect any material impact on our financials because of the adoption of this update. | Recently Issued Accounting Standards The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements. In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, Financial Instruments—Credit Losses (codified ● Update 2020-06—Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. We are still evaluating the impact of this standard and don’t believe that it will have material impact on this financial statement. |
Other Comprehensive Income | Other Comprehensive Income We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods. |
BASIS OF PRESENTATION AND SUM_3
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES | SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES Furniture and fixtures 3 7 Equipment 7 10 Leasehold Improvements 7 | SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES Furniture and fixtures 3 to 7 years Equipment 7 to 10 years Leasehold Improvements 7 years |
SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY | The carrying amounts of the Company’s financial instruments as of March 31, 2022 and December 31, 2021 reflect: SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – March 31, 2022 $ – $ – $ 240,669 $ 240,669 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2021 $ – $ – $ 256,683 $ 256,683 | The carrying amounts of the Company’s financial instruments as of December 31 2021 and 2020, reflect: SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2020 $ – $ – $ 2,008,802 $ 2,008,802 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2021 $ – $ – $ 256,683 $ 256,683 |
SCHEDULE OF SEGMENT REPORTING | Selected Financial Data SCHEDULE OF SEGMENT REPORTING 2022 2021 for the three months ended March, 31 2022 2021 Net Sales Manufacturing and Engineering 32,280 30,229 Clean Energy HRS 441,193 66,000 LNG Trading 267,966 - Cety Europe 33,827 39,045 Total Sales 775,266 135,274 Segment income and reconciliation before tax Manufacturing and Engineering 23,986 21,526 Clean Energy HRS 400,487 53,828 LNG Trading 60,733 Cety Europe 28,986 36,774 Total Segment income 514,193 112,128 Reconciling items General and Administrative expense (92,935 ) (102,381 ) Salaries (191,217 ) (221,647 ) Travel (27,734 ) (15,013 ) Professional Fees (64,853 ) (45,742 ) Facility lease and Maintenance (88,962 ) (86,210 ) Consulting (25,803 ) - Bad Debt Expense - - Depreciation and Amortization (7,519 ) (8,073 ) Change in derivative liability 16,014 1,749,173 Other Income (9,335 ) - Interest and Financing fees (132,470 ) (313,651 ) Net Loss before income tax (112,589 ) 1,068,584 | Selected Financial Data SCHEDULE OF SEGMENT REPORTING 2021 2020 for the years ended December 31, 2021 2020 Net Sales Manufacturing and Engineering $ 93,371 $ 422,631 Clean Energy HRS 1,014,707 930,882 Cety Europe 192,361 52,492 Total Sales $ 1,300,439 $ 1,406,005 Segment income and reconciliation before tax Manufacturing and Engineering (90,328 ) 118,412 Clean Energy HRS 547,812 581,903 Cety Europe 152,923 50,753 Total Segment income 610,407 751,068 Reconciling items General and Administrative expense (488,177 ) (480,812 ) Salaries (772,463 ) (495,269 ) Travel (145,170 ) (86,292 ) Professional Fees (155,241 ) (111,318 ) Facility lease and Maintenance (346,454 ) (363,643 ) Consulting (243,371 ) (157,149 ) Bad Debt Expense - (259,289 ) Depreciation and Amortization (32,292 ) (32,912 ) Change in derivative liability 1,752,119 (1,270,099 ) Gain / (Loss) on debt settlement and write down 868,502 399,181 Interest and Financing fees (769,369 ) (1,329,230 ) Net Loss before income tax $ 278,492 $ (3,435,764 ) December 31, 2021 December 31, 2020 Total Assets Manufacturing and Engineering $ 3,836,405 $ 1,922,648 Clean Energy HRS 2,556,166 2,166,478 Cety Europe 39,703 34,545 Total Assets $ 6,432,274 $ 4,123,671 |
SCHEDULE OF DEFERRED TAX ASSET | SCHEDULE OF DEFERRED TAX ASSET March 31, 2022 December 31, 2021 Deferred Tax Asset $ 2,590,758 $ 2,556,982 Valuation Allowance (2,590,758 ) (2,556,982 ) Deferred Tax Asset (Net) $ - $ - | SCHEDULE OF DEFERRED TAX ASSET December 31, 2021 December 31, 2020 Deferred Tax Asset $ 2,556,982 $ 2,640,529 Valuation Allowance (2,556,982 ) (2,640,529 ) Deferred Tax Asset (Net) $ - $ - |
ACCOUNTS AND NOTES RECEIVABLE (
ACCOUNTS AND NOTES RECEIVABLE (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Receivables [Abstract] | ||
SCHEDULE OF ACCOUNTS AND NOTES RECEIVABLE | SCHEDULE OF ACCOUNTS AND NOTES RECEIVABLE March 31,2022 December 31, 2021 Accounts Receivable $ 1,194,438 $ 768,032 Less reserve for uncollectable accounts (75,000 ) (75,000 ) Total $ 1,119,438 $ 693,032 | SCHEDULE OF ACCOUNTS AND NOTES RECEIVABLE December 31, 2021 December 31, 2020 Accounts Receivable $ 768,032 $ 340,378 Less reserve for uncollectable accounts (75,000 ) (75,000 ) Total $ 693,032 $ 265,378 |
SCHEDULE OF LEASE RECEIVABLE ASSET | Our Accounts Receivable is pledged to Nations Interbanc, our line of credit. SCHEDULE OF LEASE RECEIVABLE ASSET March 31, 2022 December 31, 2021 Lease asset $ 217,584 $ 217,584 | Our Accounts Receivable is pledged to Nations Interbanc, our line of credit. SCHEDULE OF LEASE RECEIVABLE ASSET December 31, 2021 December 31, 2020 Lease asset $ 217,584 $ 217,584 |
SCHEDULE OF DERECOGNITION OF UNDERLYING ASSETS OF FINANCING RECEIVABLE | SCHEDULE OF DERECOGNITION OF UNDERLYING ASSETS OF FINANCING RECEIVABLE March 31, 2022 December 31, 2021 Long-term financing receivables $ 932,270 $ 932,270 Less Reserve for uncollectable accounts (247,500 ) (247,500 ) Long-term financing receivables - net $ 684,770 $ 684,770 | SCHEDULE OF DERECOGNITION OF UNDERLYING ASSETS OF FINANCING RECEIVABLE December 31, 2021 December 31, 2020 Long-term financing receivables $ 932,270 $ 1,000,000 Less Reserve for uncollectable accounts (247,500 ) (247,500 ) Long-term financing receivables - net $ 684,770 $ 752,500 |
INVENTORY (Tables)
INVENTORY (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Inventory Disclosure [Abstract] | ||
SCHEDULE OF INVENTORIES | Inventories by major classification were comprised of the following at: SCHEDULE OF INVENTORIES March 31,2022 December 31, 2021 Inventory $ 957,167 $ 783,296 Less reserve for uncollectable accounts (321,104 ) (321,104 ) Total $ 636,063 $ 462,192 | Inventories by major classification were comprised of the following at: SCHEDULE OF INVENTORIES December 31, 2021 December 31, 2020 Inventory $ 783,296 $ 807,820 Less reserve for uncollectable accounts (321,104 ) (250,000 ) Total $ 462,192 $ 557,820 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | ||
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and equipment were comprised of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT March 31,2022 December 31, 2021 Property and Equipment $ 1,354,824 $ 1,354,824 Leasehold Improvements 75,436 75,436 Accumulated Depreciation (1,401,794 ) (1,397,244 ) Net Fixed Assets $ 28,466 $ 33,016 | Property and equipment were comprised of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT December 31, 2021 December 31, 2020 Property and Equipment $ 1,354,824 $ 1,350,794 Leasehold Improvents 75,436 75,436 Accumulated Depreciation (1,397,244 ) (1,372,798 ) Net Fixed Assets $ 33,016 $ 53,432 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
SCHEDULE OF INTANGIBLE ASSETS | Intangible assets were comprised of the following at: SCHEDULE OF INTANGIBLE ASSETS March 31,2022 December 31, 2021 Goodwill $ 747,976 $ 747,976 LWL Intangibles $ 1,468,709 $ 1,468,709 License 354,322 354,322 Patents 190,789 190,789 Accumulated Amortization (78,189 ) (75,220 ) Net Fixed Assets $ 2,683,607 $ 2,686,576 | Intangible assets were comprised of the following at: SCHEDULE OF INTANGIBLE ASSETS December 31, 2021 December 31, 2020 Goodwill $ 747,976 $ 747,976 LWL Inatigbles 1,468,709 - License 354,322 354,322 Patents 190,789 190,789 Accumulated Amortization (75,220 ) (63,344 ) Net Fixed Assets $ 2,686,576 $ 1,229,743 |
SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE ALLOCATION | The following table presents the purchase price allocation: SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE ALLOCATION Consideration: Cash and cash equivalents $ 1,500,000 Total purchaser consideration $ 1,500,000 Assets acquired: Cash and cash equivalents $ 6,156 Prepayment $ 13,496 Other receivable $ 20,000 Trading Contracts $ 146,035 Shenzhen Gas Relationship $ 1,314,313 Total assets acquired $ 1,508,539 Liabilities assumed: Advance Receipts $ (8539 Taxes Payable $ 179 Net Assets Acquired: $ 1,500,000 | The following table presents the purchase price allocation: SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE ALLOCATION Consideration: Cash and cash equivalents $ 1,500,000 Total purchaser consideration $ 1,500,000 Assets acquired: Cash and cash equivalents $ 6,156 Prepayment $ 13,496 Other receivable $ 20,000 Trading Contracts $ 146,035 Shenzhen Gas Relationship $ 1,314,313 Total assets acquired $ 1,508,539 Liabilities assumed: Advance Receipts $ (8539 ) Taxes Payable $ 179 Net Assets Acquired: $ 1,500,000 |
ACCRUED EXPENSES (Tables)
ACCRUED EXPENSES (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Payables and Accruals [Abstract] | ||
SCHEDULE OF ACCRUED EXPENSES | SCHEDULE OF ACCRUED EXPENSES March 31,2022 December 31, 2021 Accrued Wages $ 69,007 $ 22,950 Accrued Interest and other 53,607 135,662 Accrued Interest and other $ 122,614 $ 158,612 | SCHEDULE OF ACCRUED EXPENSES December 31, 2021 December 31, 2020 Accrued Wages $ 22,950 $ 25,654 Accrued Interest and other 135,662 477,941 Accrued Interest and other $ 158,612 $ 503,595 |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Debt Disclosure [Abstract] | ||
SCHEDULE OF NOTES PAYABLE | Total Liability to GE SCHEDULE OF NOTES PAYABLE March 31, 2022 December 31, 2021 Note payable GE $ 1,200,000 $ 1,200,000 Accrued transition services 972,233 972,233 Accrued Interest 339,823 325,843 Total $ 2,512,056 $ 2,498,076 | Total Liability to GE SCHEDULE OF NOTES PAYABLE December 31, 2021 December 31, 2020 Note payable GE $ 1,200,000 $ 1,200,000 Accrued transition services 972,233 972,233 Accrued Interest 325,843 269,921 Total $ 2,498,076 $ 2,442,154 |
SCHEDULE OF CONVERTIBLE NOTES | Total due to Convertible Notes SCHEDULE OF CONVERTIBLE NOTES March 31,2022 December 31, 2021 Total convertible notes $ 1,171,818 $ 1,109,890 Accrued Interest 116,925 110,370 Debt Discount - (26,919 ) Total $ 1,288,742 $ 1,193,341 | Total due to Convertible Notes SCHEDULE OF CONVERTIBLE NOTES December 31, 2021 December 31, 2020 Total convertible notes $ 1,109,890 $ 612,355 Accrued Interest 110,370 99,509 Debt Discount (26,919 ) (170,438 ) Total $ 1,193,341 $ 541,426 |
Derivative Liabilities (Tables)
Derivative Liabilities (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY | SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY March 31, 2022 December 31, 2021 Derivative Liabilities on Convertible Loans: Outstanding Balance $ 240,669 $ 256,683 | SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY December 31, 2021 December 31, 2020 Derivative Liabilities on Convertible Loans: Outstanding Balance $ 256,683 $ 2,008,802 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | ||
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS | SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Year Lease Payment 2022 186,849 2022 249,132 2023 191,903 Imputed Interest (19,792 ) Net Lease Liability $ 421,243 As of March 31, 2022 Year Lease Payment 2022 186,849 2023 191,903 Imputed Interest (14,047 ) Net Lease Liability $ 364,709 | SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Year Lease Payment 2022 249,132 2023 191,903 Imputed Interest (19,792 ) Net Lease Liability $ 421,243 |
CAPITAL STOCK TRANSACTIONS (Tab
CAPITAL STOCK TRANSACTIONS (Tables) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | ||
SCHEDULE OF WARRANT ACTIVITY | SCHEDULE OF WARRANT ACTIVITY Warrants - Common Share Equivalents Weighted Average Exercise price Warrants exercisable - Common Share Equivalents Weighted Average Exercise price Outstanding December 31, 2021 8,754,720 $ 0.04 8,754,720 $ 0.04 Expired 3,754,720 3,754,720 0.04 Exercised Outstanding March 31, 2022 5,000,000 $ 0.04 5,000,000 $ 0.04 | SCHEDULE OF WARRANT ACTIVITY Warrants - Common Share Equivalents Weighted Average Exercise price Warrants exercisable - Common Share Equivalents Weighted Average Exercise price Outstanding December 31, 2020 9,500,000 $ 0.04 9,500,000 $ 0.04 Additions 3,754,720 3,754,720 0.04 Exercised 4,500,000 4,500,000 Outstanding December 31, 2021 8,754,720 $ 0.04 8,754,720 $ 0.04 |
GENERAL (Details Narrative)
GENERAL (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ 507,830 | $ 2,238,447 | $ 1,721,712 | $ 7,238,572 | $ 5,252,478 |
Working capital deficit | 3,843,110 | 4,274,383 | |||
Retained Earnings (Accumulated Deficit) | 17,536,520 | 17,423,930 | 17,651,482 | ||
Goodwill | 747,976 | 747,976 | 747,976 | ||
Stockholders' Equity Attributable to Parent | 488,771 | 1,702,653 | 7,238,572 | ||
Net Cash Provided by (Used in) Operating Activities | $ 538,065 | $ 663,192 | $ 2,552,547 | $ 1,430,395 |
SCHEDULE OF PROPERTY AND EQUIPM
SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES (Details) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Furniture and Fixtures [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment estimated useful lives | 3 years | 3 years |
Furniture and Fixtures [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment estimated useful lives | 7 years | 7 years |
Equipment [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment estimated useful lives | 7 years | 7 years |
Equipment [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment estimated useful lives | 10 years | 10 years |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment estimated useful lives | 7 years | 7 years |
SCHEDULE OF FAIR VALUE OF CONVE
SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of convertible notes derivative liability | $ 240,669 | $ 256,683 | $ 2,008,802 |
Fair Value, Inputs, Level 1 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of convertible notes derivative liability | |||
Fair Value, Inputs, Level 2 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of convertible notes derivative liability | |||
Fair Value, Inputs, Level 3 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of convertible notes derivative liability | $ 240,669 | $ 256,683 | $ 2,008,802 |
SCHEDULE OF SEGMENT REPORTING (
SCHEDULE OF SEGMENT REPORTING (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Product Information [Line Items] | ||||
Total Sales | $ 775,266 | $ 135,274 | $ 1,300,439 | $ 1,406,005 |
Total Segment income | 514,193 | 112,128 | 610,407 | 751,068 |
General and Administrative expense | (92,935) | (102,381) | (488,177) | (480,812) |
Salaries | (191,217) | (221,647) | (772,463) | (495,269) |
Travel | (27,734) | (15,013) | (145,170) | (86,292) |
Professional Fees | (64,853) | (45,742) | (155,241) | (111,318) |
Facility lease and Maintenance | (88,962) | (86,210) | (346,454) | (363,643) |
Consulting | (25,803) | |||
Bad Debt Expense | (259,289) | |||
Depreciation and Amortization | (7,519) | (8,073) | (32,292) | (32,912) |
Change in derivative liability | 16,014 | 1,749,173 | 1,752,119 | (1,270,099) |
Other Income | (9,335) | |||
Interest and Financing fees | (132,470) | (313,651) | (769,369) | (1,329,230) |
Net Loss before income tax | (112,589) | 1,068,584 | 278,492 | (3,435,764) |
Consulting | (243,371) | (157,149) | (243,371) | (157,149) |
Gain / (Loss) on debt settlement and write down | 868,502 | 399,181 | ||
Total Assets | 7,780,830 | 6,432,274 | 4,123,671 | |
Manufacturing And Engineering [Member] | ||||
Product Information [Line Items] | ||||
Total Sales | 32,280 | 30,229 | 93,371 | 422,631 |
Total Segment income | 23,986 | 21,526 | (90,328) | 118,412 |
Total Assets | 3,836,405 | 1,922,648 | ||
Clean Energy H R S [Member] | ||||
Product Information [Line Items] | ||||
Total Sales | 441,193 | 66,000 | 1,014,707 | 930,882 |
Total Segment income | 400,487 | 53,828 | 547,812 | 581,903 |
Total Assets | 2,556,166 | 2,166,478 | ||
L N G Trading [Member] | ||||
Product Information [Line Items] | ||||
Total Sales | 267,966 | |||
Total Segment income | 60,733 | |||
Cety Europe [Member] | ||||
Product Information [Line Items] | ||||
Total Sales | 33,827 | 39,045 | 192,361 | 52,492 |
Total Segment income | $ 28,986 | $ 36,774 | 152,923 | 50,753 |
Total Assets | $ 39,703 | $ 34,545 |
SCHEDULE OF DEFERRED TAX ASSET
SCHEDULE OF DEFERRED TAX ASSET (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Accounting Policies [Abstract] | |||
Deferred Tax Asset | $ 2,590,758 | $ 2,556,982 | |
Valuation Allowance | (2,590,758) | (2,556,982) | $ (2,640,529) |
Deferred Tax Asset (Net) | |||
Deferred Tax Asset | $ 2,556,982 | $ 2,640,529 |
BASIS OF PRESENTATION AND SUM_4
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | Feb. 13, 2018USD ($)$ / sharesshares | Mar. 31, 2022USD ($)Integer$ / sharesshares | Mar. 31, 2021USD ($)shares | Dec. 31, 2021USD ($)Integer$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Sep. 30, 2021$ / shares |
Product Information [Line Items] | ||||||
Allowance for doubt full accounts receivable | $ 75,000 | $ 75,000 | $ 75,000 | |||
Allowance for long term financing receivables | 247,500 | 247,500 | 247,500 | |||
Purchase of lease receivable asset | 1,309,527 | 1,309,527 | 1,309,527 | |||
Recognized value | 217,584 | 217,584 | 217,584 | |||
Obsolete inventory | $ 321,104 | $ 321,104 | 250,000 | |||
Final payment percentage | 10.00% | 10.00% | ||||
Deferred revenue | $ 33,000 | $ 33,000 | 33,000 | |||
Outstanding customer deposits | $ 90,516 | $ 24,040 | $ 82,730 | |||
Weighted average number of common shares outstanding | shares | 961,760,014 | 943,569,149 | ||||
Weighted Average Number of Shares Outstanding, Basic | shares | 952,293,421 | 853,322,779 | 900,774,064 | 767,861,170 | ||
Stock Issued During Period, Shares, Conversion of Units | shares | 480,751,127 | 482,870,234 | ||||
Number of shares common stock warrants convertible | shares | 5,000,000 | 8,754,720 | ||||
Research and development expense | $ 0 | $ 0 | $ 0 | $ 0 | ||
Number of reportable segments | Integer | 3 | 3 | ||||
Employee benefits and share based compensation | $ 0 | $ 0 | 0 | |||
Income tax examination description | On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the year ended December 31, 2022 using a Federal Tax Rate of 21% and an estimated state of California rate of 9% | On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the year ended December 31, 2021 using a Federal Tax Rate of 21% and an estimated state of California rate of 9% | ||||
Federal corporate income tax rate | 21.00% | 21.00% | ||||
Operating Loss Carryforwards | $ 8,635,861 | $ 8,523,272 | ||||
Deferred Tax Assets, Gross | 2,590,758 | 2,556,982 | ||||
Deferred Tax Assets, Valuation Allowance | $ (2,590,758) | $ (2,556,982) | $ (2,640,529) | |||
Common stock, shares par value | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||
FDIC insured amount | $ 250,000 | |||||
Deferred revenue | $ 33,000 | $ 33,000 | ||||
Weighted Average Number of Shares Outstanding, Diluted | shares | 1,367,528,898 | |||||
Net operating loss carry-forward | $ (8,635,861) | $ (8,523,272) | ||||
Deferred tax assets, gross | $ 2,556,982 | $ 2,640,529 | ||||
Nevada Corporation [Member] | Stock Purchase Agreement [Member] | ||||||
Product Information [Line Items] | ||||||
Proceeds from issuance of common stock | $ 907,388 | |||||
Number of restricted shares issuance | shares | 302,462,667 | |||||
Common stock, shares par value | $ / shares | $ 0.001 | |||||
Corporation and Confections Ventures Limited [Member] | Convertible Note Purchase Agreement [Member] | ||||||
Product Information [Line Items] | ||||||
Debt principal amount | $ 939,500 | |||||
Debt interest rate | 10.00% | |||||
Debt conversion price per share | $ / shares | $ 0.003 | |||||
Measurement Input, Price Volatility [Member] | ||||||
Product Information [Line Items] | ||||||
Derivative liability measurement input | 84 | 0.56 | ||||
Measurement Input, Risk Free Interest Rate [Member] | ||||||
Product Information [Line Items] | ||||||
Derivative liability measurement input | 0.15 | 0.0015 | ||||
120 Months [Member] | ||||||
Product Information [Line Items] | ||||||
Lease due amount | $ 20,000 | $ 20,000 | ||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Four Customers [Member] | ||||||
Product Information [Line Items] | ||||||
Concentration risk percentage | 98.00% |
SCHEDULE OF ACCOUNTS AND NOTES
SCHEDULE OF ACCOUNTS AND NOTES RECEIVABLE (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Receivables [Abstract] | |||
Accounts Receivable | $ 1,194,438 | $ 768,032 | $ 340,378 |
Less reserve for uncollectable accounts | (75,000) | (75,000) | (75,000) |
Total | $ 1,119,438 | $ 693,032 | $ 265,378 |
SCHEDULE OF LEASE RECEIVABLE AS
SCHEDULE OF LEASE RECEIVABLE ASSET (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Receivables [Abstract] | |||
Lease asset | $ 217,584 | $ 217,584 | $ 217,584 |
SCHEDULE OF DERECOGNITION OF UN
SCHEDULE OF DERECOGNITION OF UNDERLYING ASSETS OF FINANCING RECEIVABLE (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Receivables [Abstract] | |||
Long-term financing receivables | $ 932,270 | $ 932,270 | $ 1,000,000 |
Less Reserve for uncollectable accounts | (247,500) | (247,500) | (247,500) |
Long-term financing receivables - net | $ 684,770 | $ 684,770 | $ 752,500 |
SCHEDULE OF INVENTORIES (Detail
SCHEDULE OF INVENTORIES (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Inventory Disclosure [Abstract] | |||
Inventory | $ 957,167 | $ 783,296 | $ 807,820 |
Less reserve for uncollectable accounts | (321,104) | (321,104) | (250,000) |
Total | $ 636,063 | $ 462,192 | $ 557,820 |
SCHEDULE OF PROPERTY AND EQUI_2
SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Abstract] | |||
Property and Equipment | $ 1,354,824 | $ 1,354,824 | $ 1,350,794 |
Leasehold Improvents | 75,436 | 75,436 | 75,436 |
Accumulated Depreciation | (1,401,794) | (1,397,244) | (1,372,798) |
Net Fixed Assets | $ 28,466 | $ 33,016 | $ 53,432 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation | $ 4,550 | $ 5,104 | $ 20,406 | $ 21,035 |
SCHEDULE OF INTANGIBLE ASSETS (
SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Goodwill | $ 747,976 | $ 747,976 | $ 747,976 |
LWL Inatigbles | 1,468,709 | 1,468,709 | |
License | 354,322 | 354,322 | 354,322 |
Patents | 190,789 | 190,789 | 190,789 |
Accumulated Amortization | (78,189) | (75,220) | (63,344) |
Net Fixed Assets | $ 2,683,607 | $ 2,686,576 | $ 1,229,743 |
SCHEDULE OF BUSINESS ACQUISITIO
SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE ALLOCATION (Details) - LWL [Member] | Nov. 08, 2021USD ($) |
Restructuring Cost and Reserve [Line Items] | |
Cash and cash equivalents | $ 1,500,000 |
Total purchaser consideration | 1,500,000 |
Cash and cash equivalents | 6,156 |
Prepayment | 13,496 |
Other receivable | 20,000 |
Trading Contracts | 146,035 |
Shenzhen Gas Relationship | 1,314,313 |
Total assets acquired | 1,508,539 |
Advance Receipts | (8,539) |
Taxes Payable | 179 |
Net Assets Acquired: | $ 1,500,000 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | Nov. 08, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 |
Restructuring Cost and Reserve [Line Items] | |||||
Amortization expense | $ 2,969 | $ 2,969 | $ 11,877 | $ 11,877 | |
LWL [Member] | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Condition of shares issuance description | If LWL reach USD 5 million in revenue or net profit of USD 1 million by December 31, 2022, then based on the performance contingency there will be issuance of 20,000,000 shares of CETY to the Seller. As of the date of the filing the performance contingencies have not been met. |
CONVERTIBLE NOTE RECEIVABLE (De
CONVERTIBLE NOTE RECEIVABLE (Details Narrative) | Jan. 10, 2022USD ($) | Jan. 10, 2022CNY (¥) |
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Equity Method Investment, Ownership Percentage | 90.00% | 90.00% |
Interest Income, Operating | $ 17,961 | |
Hez [Member] | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage | 15.00% | 15.00% |
Convertible Debt Securities [Member] | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Debt Instrument, Maturity Date, Description | January 10, 2025 | |
Debt Instrument, Face Amount | $ 780,000 | ¥ 5,000,000 |
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% |
SCHEDULE OF ACCRUED EXPENSES (D
SCHEDULE OF ACCRUED EXPENSES (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Payables and Accruals [Abstract] | |||
Accrued Wages | $ 69,007 | $ 22,950 | $ 25,654 |
Accrued Interest and other | 53,607 | 135,662 | 477,941 |
Accrued Interest and other | $ 122,614 | $ 158,612 | $ 503,595 |
SCHEDULE OF NOTES PAYABLE (Deta
SCHEDULE OF NOTES PAYABLE (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Instrument [Line Items] | |||
Total | $ 2,512,056 | $ 2,498,076 | $ 2,442,154 |
Notes Payable [Member] | |||
Debt Instrument [Line Items] | |||
Note payable GE | 1,200,000 | 1,200,000 | 1,200,000 |
Accrued transition services | 972,233 | 972,233 | 972,233 |
Accrued Interest | 339,823 | 325,843 | 269,921 |
Total | $ 2,512,056 | $ 2,498,076 | $ 2,442,154 |
SCHEDULE OF CONVERTIBLE NOTES (
SCHEDULE OF CONVERTIBLE NOTES (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Disclosure [Abstract] | |||
Total convertible notes | $ 1,171,818 | $ 1,109,890 | $ 612,355 |
Accrued Interest | 116,925 | 110,370 | 99,509 |
Debt Discount | (26,919) | (170,438) | |
Total | $ 1,288,742 | $ 1,193,341 | $ 541,426 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) | May 10, 2022USD ($) | Feb. 21, 2022$ / sharesshares | Dec. 31, 2021USD ($)$ / sharesshares | Sep. 28, 2021USD ($) | Sep. 13, 2021shares | Sep. 07, 2021USD ($) | Apr. 02, 2021USD ($) | Feb. 05, 2021USD ($)shares | Feb. 04, 2021USD ($) | Jan. 12, 2021USD ($)shares | Dec. 18, 2020USD ($)d | Nov. 10, 2020USD ($)d | Oct. 14, 2020USD ($)$ / sharesshares | Sep. 10, 2020USD ($)d | Aug. 17, 2020USD ($)$ / sharesshares | Jul. 15, 2020USD ($)d | Jul. 06, 2020USD ($)$ / sharesshares | May 04, 2020USD ($) | Mar. 17, 2020$ / sharesshares | Mar. 11, 2020USD ($) | Feb. 19, 2020USD ($)d | Feb. 04, 2020$ / sharesshares | Feb. 03, 2020$ / sharesshares | Jan. 30, 2020USD ($)$ / sharesshares | Jan. 21, 2020$ / sharesshares | Jan. 08, 2020USD ($)d | Oct. 30, 2019USD ($)d | Nov. 06, 2017USD ($) | May 24, 2017USD ($)d | May 05, 2017USD ($)d | Sep. 11, 2015USD ($) | Mar. 31, 2022USD ($)$ / shares | Sep. 30, 2021USD ($)$ / shares | Mar. 31, 2021USD ($)shares | Dec. 31, 2020USD ($)$ / shares | Sep. 30, 2020USD ($) | Mar. 31, 2020USD ($) | Jun. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 27, 2021USD ($)$ / shares | Dec. 31, 2019USD ($) | Dec. 31, 2015USD ($) | Nov. 11, 2013 | Sep. 06, 2013USD ($) |
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Short-term note payable | $ 2,498,076 | $ 2,512,056 | $ 2,442,154 | $ 2,498,076 | $ 2,442,154 | |||||||||||||||||||||||||||||||||||||||||
Shares issued | shares | 15,035,000 | 1,100,630 | 300,000,000 | 9,833,750 | ||||||||||||||||||||||||||||||||||||||||||
Shares Issued, Price Per Share | $ / shares | $ 0.08 | $ 0.08 | $ 0.03 | $ 0.08 | ||||||||||||||||||||||||||||||||||||||||||
Debt realized gain (loss) | $ 22,221 | |||||||||||||||||||||||||||||||||||||||||||||
Professional Fees | $ 64,853 | $ 45,742 | $ 155,241 | $ 111,318 | ||||||||||||||||||||||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 26,919 | $ 170,438 | $ 26,919 | $ 170,438 | ||||||||||||||||||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Short-term note payable | $ 36,500 | $ 36,500 | ||||||||||||||||||||||||||||||||||||||||||||
Shares issued | shares | 833,333 | 2,000,000 | 3,690,000 | 1,700,000 | 4,523,333 | 44,213,053 | 44,249,336 | 43,762,272 | ||||||||||||||||||||||||||||||||||||||
Shares Issued, Price Per Share | $ / shares | $ 0.03 | $ 0.04 | $ 0.03 | |||||||||||||||||||||||||||||||||||||||||||
Accrued interest | $ 19,721 | |||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||
Payroll Protection Loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 1.00% | 1.00% | ||||||||||||||||||||||||||||||||||||||||||||
Loans payable | $ 89,200 | $ 110,700 | ||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Feb. 4, 2023 | May 4, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Sep. 7, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | $ 226,345 | 119,142 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Debt Default, Description of Notice of Default | default interest rate of 22% | |||||||||||||||||||||||||||||||||||||||||||||
Repayments of Notes Payable | $ 23,828 | |||||||||||||||||||||||||||||||||||||||||||||
Professional Fees | $ 23,345 | |||||||||||||||||||||||||||||||||||||||||||||
One Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | $ 142,720 | 75,015 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Debt Default, Description of Notice of Default | default interest rate of 22% | |||||||||||||||||||||||||||||||||||||||||||||
Repayments of Notes Payable | $ 15,003 | |||||||||||||||||||||||||||||||||||||||||||||
Professional Fees | $ 14,720 | |||||||||||||||||||||||||||||||||||||||||||||
Two Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | $ 170,600 | 170,060 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Debt Default, Description of Notice of Default | default interest rate of 22 | |||||||||||||||||||||||||||||||||||||||||||||
Repayments of Notes Payable | $ 18,766 | |||||||||||||||||||||||||||||||||||||||||||||
Professional Fees | $ 17,060 | |||||||||||||||||||||||||||||||||||||||||||||
Nine-Month Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 11.00% | 11.00% | 12.00% | 12.00% | ||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 18, 2021 | Nov. 10, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible note payable | $ 83,500 | $ 53,000 | $ 32,000 | $ 78,000 | ||||||||||||||||||||||||||||||||||||||||||
Debt conversion percentage | 65.00% | 65.00% | 58.00% | 61.00% | ||||||||||||||||||||||||||||||||||||||||||
Debt trading days | d | 15 | 15 | 15 | 15 | ||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 56,000 | $ 7,000 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 12.00% | 12.00% | 12.00% | |||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Feb. 19, 2021 | Jan. 8, 2021 | Oct. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||
Convertible note payable | $ 53,000 | $ 103,000 | $ 103,000 | |||||||||||||||||||||||||||||||||||||||||||
Debt conversion percentage | 65.00% | 65.00% | 65.00% | |||||||||||||||||||||||||||||||||||||||||||
Debt trading days | d | 15 | 15 | 15 | |||||||||||||||||||||||||||||||||||||||||||
Fair value of convertible feature | $ 87,560 | |||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 87,560 | |||||||||||||||||||||||||||||||||||||||||||||
Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 12.00% | |||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Jul. 15, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Convertible note payable | $ 128,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt conversion percentage | 65.00% | |||||||||||||||||||||||||||||||||||||||||||||
Debt trading days | d | 15 | |||||||||||||||||||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 11.00% | |||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Jul. 15, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Convertible note payable | $ 63,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt conversion percentage | 65.00% | |||||||||||||||||||||||||||||||||||||||||||||
Debt trading days | d | 15 | |||||||||||||||||||||||||||||||||||||||||||||
Heat Recovery Solutions [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Short-term note payable | $ 200,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 1,400,000 | |||||||||||||||||||||||||||||||||||||||||||||
Pension liability | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||
Total liability in connection with acquisition. | $ 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt payment description | (a) $200,000 in principal on December 31, 2015 and (b) thereafter, the remaining principal amount of $1,200,000, together with interest thereon, payable in equal quarterly instalments of principal and interest of $157,609, commencing on December 31, 2016 and continuing until December 31, 2019, at which time the remaining unpaid principal amount of this note and all accrued and unpaid interest thereon shall be due and payable in full | |||||||||||||||||||||||||||||||||||||||||||||
Cybernaut Zfounder Ventures [Member] | Nine-Month Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 14.00% | |||||||||||||||||||||||||||||||||||||||||||||
Convertible note payable | 91,600 | 91,600 | $ 91,600 | |||||||||||||||||||||||||||||||||||||||||||
Debt principal payments of debt | $ 116,600 | |||||||||||||||||||||||||||||||||||||||||||||
Maturity date, description | February 21st of 2018 | |||||||||||||||||||||||||||||||||||||||||||||
Cybernaut Zfounder Ventures [Member] | Nine-Month Convertible Note Payable One [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 14.00% | |||||||||||||||||||||||||||||||||||||||||||||
Convertible note payable | 95,685 | 95,685 | ||||||||||||||||||||||||||||||||||||||||||||
Debt principal payments of debt | $ 95,685 | 95,685 | ||||||||||||||||||||||||||||||||||||||||||||
Maturity date, description | February 26th, 2018 | |||||||||||||||||||||||||||||||||||||||||||||
Universal Scope Inc [Member] | Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 2.00% | |||||||||||||||||||||||||||||||||||||||||||||
Convertible note payable | $ 650,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt conversion price | $ / shares | $ 0.06 | |||||||||||||||||||||||||||||||||||||||||||||
Accounts Receivable Financing Agreement [Member] | American Interbanc [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Short-term note payable | 1,169,638 | 1,153,956 | 1,680,350 | 1,169,638 | $ 1,680,350 | |||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 2.50% | |||||||||||||||||||||||||||||||||||||||||||||
Financing Agreement [Member] | D H N Capital L L C [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Accrued fees | $ 275,000 | |||||||||||||||||||||||||||||||||||||||||||||
Accrual rate | 2.25% | |||||||||||||||||||||||||||||||||||||||||||||
Financing Agreement [Member] | D H N Capital L L C [Member] | Minimum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Minimum monthly payment | $ 50,000 | |||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Stock issued for redemption, shares | shares | 1,100,000 | 697,861 | ||||||||||||||||||||||||||||||||||||||||||||
Cashless warrants | $ 44,000 | $ 27,914 | ||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | LGH Investments, LLC [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest | 6,429 | 6,429 | ||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 164,800 | 164,800 | $ 164,800 | $ 164,800 | ||||||||||||||||||||||||||||||||||||||||||
Debt converted in stock, shares | shares | 14,035,202 | 14,035,202 | ||||||||||||||||||||||||||||||||||||||||||||
Debt converted in stock, amount | $ 171,229 | $ 171,229 | ||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | LGH Investments, LLC [Member] | Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 8.00% | |||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 103,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt principal payments of debt | 19,211 | |||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 17,861 | $ 3,234 | $ 14,627 | |||||||||||||||||||||||||||||||||||||||||||
Warrants to purchase | shares | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | shares | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 3,000 | 0 | 14,267 | 14,267 | ||||||||||||||||||||||||||||||||||||||||||
Debt conversion price | $ / shares | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | shares | (1,000,000) | (1,000,000) | ||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | LGH Investments, LLC [Member] | Convertible Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Shares Issued, Price Per Share | $ / shares | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 8.00% | 8.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 103,000 | $ 164,800 | ||||||||||||||||||||||||||||||||||||||||||||
Debt principal payments of debt | 19,211 | 19,211 | ||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | $ 17,861 | $ 3,234 | $ 14,627 | ||||||||||||||||||||||||||||||||||||||||||
Warrants to purchase | shares | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | shares | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 17,861 | $ 4,800 | $ 0 | 14,267 | $ 14,267 | $ 14,267 | 14,267 | |||||||||||||||||||||||||||||||||||||||
Debt conversion price | $ / shares | $ 0.02 | $ 0.02 | ||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | shares | (1,000,000) | (1,000,000) | ||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Firstfire Global Opportunities Fund LLC [Member] | Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 8.00% | |||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 168,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt principal payments of debt | 24,282 | |||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 24,282 | $ 19,093 | ||||||||||||||||||||||||||||||||||||||||||||
Warrants to purchase | shares | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | shares | 1,250,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 8,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
Debt conversion price | $ / shares | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||
Stock issued for redemption, shares | shares | 697,861 | |||||||||||||||||||||||||||||||||||||||||||||
Cashless warrants | $ 27,914 | |||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | shares | (1,250,000) | |||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Firstfire Global Opportunities Fund LLC [Member] | Convertible Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Shares Issued, Price Per Share | $ / shares | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 168,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt discount | 5,189 | |||||||||||||||||||||||||||||||||||||||||||||
Warrants to purchase | shares | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | shares | 1,250,000 | |||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 19,093 | $ 19,093 | ||||||||||||||||||||||||||||||||||||||||||||
Stock issued for redemption, shares | shares | 697,861 | |||||||||||||||||||||||||||||||||||||||||||||
Cashless warrants | $ 27,914 | |||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | shares | (1,250,000) | |||||||||||||||||||||||||||||||||||||||||||||
Individual Counterparty [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Short-term note payable | $ 36,500 | $ 36,500 | $ 50,000 | |||||||||||||||||||||||||||||||||||||||||||
Fixed fee amount | $ 3,500 | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | shares | 1,700,000 | |||||||||||||||||||||||||||||||||||||||||||||
Shares Issued, Price Per Share | $ / shares | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||
Accrued interest | $ 19,721 | |||||||||||||||||||||||||||||||||||||||||||||
Debt realized gain (loss) | $ 22,221 |
SCHEDULE OF FAIR VALUE OF DERIV
SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||
Outstanding Balance | $ 240,669 | $ 256,683 | $ 2,008,802 |
Derivative Liabilities (Details
Derivative Liabilities (Details Narrative) | Mar. 31, 2022 | Dec. 31, 2021 |
Measurement Input, Price Volatility [Member] | ||
Derivative [Line Items] | ||
Derivative measurement input | 84 | 0.56 |
Measurement Input, Price Volatility [Member] | Minimum [Member] | ||
Derivative [Line Items] | ||
Derivative measurement input | 70 | 0.39 |
Measurement Input, Price Volatility [Member] | Maximum [Member] | ||
Derivative [Line Items] | ||
Derivative measurement input | 84 | 0.56 |
Measurement Input, Risk Free Interest Rate [Member] | ||
Derivative [Line Items] | ||
Derivative measurement input | 0.15 | 0.0015 |
Measurement Input, Exercise Price [Member] | Minimum [Member] | ||
Derivative [Line Items] | ||
Derivative measurement input | 0.0245 | |
Measurement Input, Exercise Price [Member] | Maximum [Member] | ||
Derivative [Line Items] | ||
Derivative measurement input | 0.0258 | |
Measurement Input, Share Price [Member] | ||
Derivative [Line Items] | ||
Derivative measurement input | 0.033 |
SCHEDULE OF FUTURE MINIMUM LEAS
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Commitments and Contingencies Disclosure [Abstract] | ||
Remainder of fiscal year | $ 186,849 | $ 186,849 |
Year one | 191,903 | 249,132 |
Year two | 191,903 | |
Imputed Interest | (14,047) | (19,792) |
Net Lease Liability | 364,709 | 421,243 |
Net Lease Liability | $ 364,709 | $ 421,243 |
COMMITMENTS AND CONTINGENCIES_2
COMMITMENTS AND CONTINGENCIES (Details Narrative) | Jan. 02, 2019 | Oct. 31, 2018 | Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | May 01, 2017ft² |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||||
Operating lease rent expense | $ 88,962 | $ 86,210 | |||||
Amount received from Oberon Securities | $ 291,767 | ||||||
Payments for Rent | $ 346,454 | $ 363,643 | |||||
Sublease agreement [Member] | |||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||||
Lessee, Operating Lease, Description | In October of 2018 we signed a sublease agreement with our facility in Italy with an indefinite term that may be terminated by either party with a 60-day notice for 1,000 Euro per month. Due to the short termination clause, we are treating this as a month-to-month lease | ||||||
Accounting Standards Update 2016-02 [Member] | |||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||||
Average borrowing rate percentage | 5.00% | ||||||
Industrial Property [Member] | |||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||||
Building space for lease | ft² | 18,200 |
SCHEDULE OF WARRANT ACTIVITY (D
SCHEDULE OF WARRANT ACTIVITY (Details) - $ / shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | ||
Warrants - Common Share Equivalents, Outstanding, Beginning balance | 8,754,720 | 9,500,000 |
Warrants - Weighted Average Exercise price, Beginning balance | $ 0.04 | $ 0.04 |
Warrants exercisable - Common Share Equivalents, Beginning balance | 8,754,720 | 9,500,000 |
Warrants exercisable - Weighted Average Exercise price, Beginning balance | $ 0.04 | $ 0.04 |
Warrants - Common Share Equivalents, Additions | 3,754,720 | 3,754,720 |
Warrants exercisable - Common Share Equivalents, Additions | 3,754,720 | 3,754,720 |
Warrants exercisable - Weighted Average Exercise price, Additions | $ 0.04 | $ 0.04 |
Warrants - Common Share Equivalents, Exercised | 4,500,000 | |
Warrants exercisable - Common Share Equivalents, Exercised | 4,500,000 | |
Warrants - Common Share Equivalents, Outstanding, ending balance | 5,000,000 | 8,754,720 |
Warrants - Weighted Average Exercise price, ending balance | $ 0.04 | $ 0.04 |
Warrants exercisable - Common Share Equivalents, Ending balance | 5,000,000 | 8,754,720 |
Warrants exercisable - Weighted Average Exercise price, Ending balance | $ 0.04 | $ 0.04 |
CAPITAL STOCK TRANSACTIONS (Det
CAPITAL STOCK TRANSACTIONS (Details Narrative) - USD ($) | Feb. 21, 2022 | Dec. 31, 2021 | Sep. 13, 2021 | Sep. 02, 2021 | Jun. 24, 2021 | Jun. 16, 2021 | May 28, 2021 | Mar. 12, 2021 | Mar. 10, 2021 | Mar. 05, 2021 | Feb. 23, 2021 | Feb. 09, 2021 | Feb. 05, 2021 | Feb. 05, 2021 | Feb. 01, 2021 | Jan. 12, 2021 | Jan. 08, 2021 | Oct. 14, 2020 | Aug. 17, 2020 | Jul. 23, 2020 | Jul. 06, 2020 | Jun. 08, 2020 | Mar. 17, 2020 | Feb. 04, 2020 | Feb. 03, 2020 | Jan. 30, 2020 | Jan. 21, 2020 | Jan. 08, 2020 | Dec. 05, 2019 | Sep. 19, 2019 | Jul. 18, 2019 | Jun. 10, 2019 | May 31, 2019 | Aug. 21, 2014 | Aug. 07, 2013 | Sep. 30, 2015 | Mar. 31, 2022 | Sep. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Mar. 31, 2020 | Mar. 31, 2019 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Apr. 15, 2021 | Feb. 19, 2020 | Oct. 30, 2019 | Aug. 28, 2018 | Apr. 28, 2018 | Jun. 30, 2017 | May 25, 2006 | Apr. 21, 2005 |
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 | 2,000,000,000 | 2,000,000,000 | 2,000,000,000 | 2,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 20,000 | 20,000 | 20,000 | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 15,035,000 | 1,100,630 | 300,000,000 | 9,833,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ 0.08 | $ 0.08 | $ 0.03 | $ 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 26,919 | $ 170,438 | $ 26,919 | $ 170,438 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Value of shares conversion of convertible notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares, value | 3,084,003 | $ 3,084,039 | 1,132,843 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued for conversion | 480,751,127 | 482,870,234 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance or sale of equity | $ 1,321,911 | 3,584,003 | $ 4,761,090 | $ 1,171,020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Legal fees | $ 45,498 | $ 96,334 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares outstanding | 943,569,149 | 961,760,014 | 821,169,656 | 943,569,149 | 821,169,656 | 965,171,292 | ||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares par value | $ 100 | $ 100 | $ 100 | $ 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock shares outstanding | 4,500 | 0 | 4,500 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on debt | $ 868,502 | $ 399,181 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Revision of Prior Period, Adjustment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 36,283 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Previous Note Holder [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Conversion of warrants into stock | 547,468 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest | $ 19,721 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 833,333 | 2,000,000 | 3,690,000 | 1,700,000 | 4,523,333 | 44,213,053 | 44,249,336 | 43,762,272 | ||||||||||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ 0.03 | $ 0.04 | $ 0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares conversion of convertible notes | 800 | 6,625,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Value of shares conversion of convertible notes | $ 36,500 | $ 6,625 | $ 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares, value | $ 44,213 | $ 44,249 | $ 43,762 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued for conversion | 1,700,000 | 15,735,202 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 3,155,865 | 9,842,072 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued value | $ 134,755 | $ 294,016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares conversion of convertible notes | (4,500) | (2,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Value of shares conversion of convertible notes | $ (450,000) | $ (200,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares, value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares par value | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Series F Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant purchase | 375,000 | 375,000 | 375,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant is exercisable price per share | $ 0.10 | $ 0.10 | $ 0.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Series G Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant purchase | 375,000 | 375,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant is exercisable price per share | $ 0.20 | $ 0.20 | $ 0.20 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Warrants [Member] | Accredited Investor [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant to purchase common stock | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant is exercisable price per share | $ 0.04 | $ 0.04 | $ 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock sale shares | 5,000,000 | 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Series D Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 3,693,588 | 3,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ 0.08 | $ 0.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares conversion of convertible notes | 1,300 | 1,200 | 1,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued for conversion | 1,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares conversion of convertible notes | 1,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Conversion of shares | 650 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Series D Preferred Stock [Member] | Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued for conversion | 2,068,588 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Series D Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares conversion of convertible notes | 800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock dividend description | In September 2015, all holders of Series D Preferred signed and delivered estoppel agreements, whereby the holders agreed, among other things, that the Series D Preferred was not in default and to reduce (effective as of December 31, 2015) the dividend rate on the Series D Preferred Stock to six percent per annum and to terminate the 3.5% penalty in respect of unpaid dividends accruing on or after such date | The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5% per annum. Initially, the Series D Preferred Stock was also entitled to be paid special dividends in the event cash dividends were not paid when scheduled. If the Company does not pay the dividend within five (5) business days from the end of the calendar month for which the payment of such dividend to owed, the Company will pay the investor a special dividend of an additional 3.5%. Any unpaid or accrued special dividends will be paid upon a liquidation or redemption. For any other dividends or distributions, the Series D Preferred Stock participates with common stock on an as-converted basis. The Series D Preferred holders may elect to convert the Series D Preferred Stock, in their sole discretion, at any time after a one year (1) year holding period, by sending the Company a notice to convert. The conversion rate is equal to the greater of $0.08 or a 20% discount to the average of the three (3) lowest closing market prices of the common stock during the ten (10) trading day period prior to conversion. The Series D Preferred Stock is redeemable from funds legally available for distribution at the option of the individual holders of the Series D Preferred Stock commencing any time after the one (1) year period from the offering closing at a price equal to the initial purchase price plus all accrued but unpaid dividends, provided, that if the Company gave notice to the investors that it was not in a financial position to redeem the Series D Preferred, the Company and the Series D Preferred holders are obligated to negotiate in good faith for an extension of the redemption period. The Company timely notified the investors that it was not in a financial position to redeem the Series D Preferred and the Company and the investors have engaged in ongoing negotiations to determine an appropriate extension period | The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5% per annum. Initially, the Series D Preferred Stock was also entitled to be paid special dividends in the event cash dividends were not paid when scheduled. If the Company does not pay the dividend within five (5) business days from the end of the calendar month for which the payment of such dividend to owed, the Company will pay the investor a special dividend of an additional 3.5%. Any unpaid or accrued special dividends will be paid upon a liquidation or redemption. For any other dividends or distributions, the Series D Preferred Stock participates with common stock on an as-converted basis. The Series D Preferred holders may elect to convert the Series D Preferred Stock, in their sole discretion, at any time after a one year (1) year holding period, by sending the Company a notice to convert. The conversion rate is equal to the greater of $0.08 or a 20% discount to the average of the three (3) lowest closing market prices of the common stock during the ten (10) trading day period prior to conversion. The Series D Preferred Stock is redeemable from funds legally available for distribution at the option of the individual holders of the Series D Preferred Stock commencing any time after the one (1) year period from the offering closing at a price equal to the initial purchase price plus all accrued but unpaid dividends, provided, that if the Company gave notice to the investors that it was not in a financial position to redeem the Series D Preferred, the Company and the Series D Preferred holders are obligated to negotiate in good faith for an extension of the redemption period. The Company timely notified the investors that it was not in a financial position to redeem the Series D Preferred and the Company and the investors have engaged in ongoing negotiations to determine an appropriate extension period | |||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock dividend rate | 13.00% | 17.50% | 17.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock shares outstanding | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Series D Convertible Preferred Stock [Member] | Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 2,275,662 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ 0.08 | $ 0.08 | $ 0.04 | $ 0.015 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares conversion of convertible notes | 1,200 | 1,200 | 1,200 | 800 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Value of shares conversion of convertible notes | $ 182,052 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares, value | $ 60,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitment fee | $ 60,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Series D Convertible Preferred Stock One [Member] | Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ 0.04 | $ 0.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares conversion of convertible notes | 800 | 800 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Series A Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 440 | 440 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Series B Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 20,000 | 20,000 | 20,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Series C Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 15,000 | 15,000 | 15,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on debt | $ 22,221 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 87,560 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 12.00% | 12.00% | 12.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||
MGW Investment I Limited [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt conversion shares | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt converted in stock, amount | $ 75,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock issued for redemption, shares | 1,100,000 | 697,861 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cashless warrants | $ 44,000 | $ 27,914 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | LGH Investments, LLC [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 164,800 | $ 164,800 | $ 164,800 | $ 164,800 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt conversion shares | 14,035,202 | 14,035,202 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt converted in stock, amount | $ 171,229 | $ 171,229 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest | $ 6,429 | 6,429 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Conversion of warrants into stock | 1,100,000 | 697,861 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | LGH Investments, LLC [Member] | Convertible Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 103,000 | $ 164,800 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant to purchase common stock | 1,500,000 | 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | $ 17,861 | $ 3,234 | $ 14,627 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 8.00% | 8.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt conversion price | $ 0.02 | $ 0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt principal payments of debt | $ 19,211 | $ 19,211 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 17,861 | $ 4,800 | $ 0 | 14,267 | $ 14,267 | 14,267 | ||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant purchase | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | LGH Investments, LLC [Member] | Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 103,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 17,861 | $ 3,234 | $ 14,627 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 8.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt conversion price | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt principal payments of debt | $ 19,211 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 3,000 | $ 0 | 14,267 | 14,267 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant purchase | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Firstfire Global Opportunities Fund LLC [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares issued as exercise of warrants | 547,468 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Firstfire Global Opportunities Fund LLC [Member] | Convertible Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | 1,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock issued for redemption, shares | 697,861 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Cashless warrants | $ 27,914 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt discount | 5,189 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | 19,093 | 19,093 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant purchase | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Firstfire Global Opportunities Fund LLC [Member] | Convertible Note Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt principal amount | $ 168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted shares of common stock | 1,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock issued for redemption, shares | 697,861 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Cashless warrants | $ 27,914 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 24,282 | $ 19,093 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 8.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt conversion price | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt principal payments of debt | $ 24,282 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt unamortized debt discount | $ 8,000 | $ 0 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant purchase | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity Financing Agreement [Member] | Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 1,142,459 | 764,526 | 22,572,272 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Agreement, description | (the “Company”), entered into an Equity Financing Agreement (“Equity Financing Agreement”) and Registration Rights Agreement (“Registration Rights Agreement”) with GHS Investments LLC, a Nevada limited liability company (“GHS”). Under the terms of the Equity Financing Agreement, GHS agreed to provide the Company with up to $4,000,000 upon effectiveness of a registration statement on Form S-1 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “Commission”) As a result we issued 1,142,459 Shares of common stock as an commitment fee, which was valued and expense in the amount of $47,699. On October 14, 2021, this Form S-1 became effective | (the “Company”), entered into an Equity Financing Agreement (“Equity Financing Agreement”) and Registration Rights Agreement (“Registration Rights Agreement”) with GHS Investments LLC, a Nevada limited liability company (“GHS”). Under the terms of the Equity Financing Agreement, GHS agreed to provide the Company with up to $2,000,000 upon effectiveness of a registration statement on Form S-1 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “Commission”) As a result we issued 764,526 Shares of common stock as an commitment fee, which was valued and expense in the amount of $10,000. On July 23, 2020, this Form S-1 became effective | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance or sale of equity | $ 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitment fee | $ 47,699 | $ 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Legal fees | $ 171,794 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from common stock | $ 321,951 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Subscription Agreement [Member] | MGW Investment I Limited [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant is exercisable price per share | $ 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock sale shares | 168,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase price of shares sale | $ 1,999,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Sale of stock price per share | $ 0.0119 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Subscription Agreement [Member] | MGW Investment I Limited [Member] | Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant is exercisable price per share | $ 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock sale shares | 168,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase price of shares sale | $ 1,999,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Board of Directors and Shareholders [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares authorized | 2,000,000,000 | 800,000,000 | 800,000,000 | 400,000,000 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares par value | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 10,000,000 | 15,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Accredited Investor [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares | 1,625,000 | 32,125,000 | 8,333,333 | 3,754,720 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ 0.08 | $ 0.08 | $ 0.06 | $ 0.014 | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares conversion of convertible notes | 650 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant purchase | 3,754,720 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant is exercisable price per share | $ 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate purchase price | $ 2,570,000 | $ 52,566 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of shares | 36,283 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of stock issued shares, value | $ 500,000 | $ 10,000 | $ 10,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued for conversion | 2,068,588 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock dividends, shares | 165,487 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Sale of stock price per share | $ 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms | 1 year | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Accredited Investor [Member] | Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant to purchase common stock | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Board of Directors [Member] | Series D Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock shares designated description | Board of Directors designated a series of our preferred stock as Series D Preferred Stock, authorizing 15,000 shares. Our Series D Preferred Stock offering terms authorized us to raise up to $1,000,000 with an over-allotment of $500,000 in multiple closings over the course of six months. We received an aggregate of $750,000 in financing in subscription for Series D Preferred Stock, or 7,500 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from issuance of preferred stock | $ 750,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Jun. 24, 2021 | May 31, 2019 | May 01, 2019 | Feb. 13, 2019 | Oct. 18, 2018 | Feb. 15, 2018 | Feb. 13, 2018 | Feb. 08, 2018 | Nov. 02, 2016 | Mar. 31, 2022 | Dec. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2019 | Sep. 30, 2021 | Mar. 24, 2021 | Dec. 31, 2020 |
Related Party Transaction [Line Items] | ||||||||||||||||
Debt instrument, principal amount | $ 1,171,818 | $ 1,109,890 | $ 612,355 | |||||||||||||
Common stock, shares par value | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||
Shares issued during period share based compensation | 9,200,000 | |||||||||||||||
Share price | $ 0.0053 | |||||||||||||||
J S J Investments Inc [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Debt instrument, interest rate | 12.00% | |||||||||||||||
Debt instrument, principal amount | $ 103,000 | |||||||||||||||
MGW Investment I Limited [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Debt instrument, maturity date | Oct. 8, 2023 | Oct. 8, 2023 | ||||||||||||||
Debt converted in stock, amount | $ 75,000 | |||||||||||||||
Debt instrument, conversion feature | on May 11th this note was amended and the maturity date was extended to October 8, 2023, and the restriction on the conversion of the note was removed if the holder of this note holds over 9.9% of the Company’s common stock. | on May 11th this note was amended and the maturity date was extended to October 8, 2023, and the restriction on the conversion of the note was removed if the holder of this note holds over 9.9% of the Company’s common stock | ||||||||||||||
Debt converted in stock, shares | 25,000,000 | |||||||||||||||
Outstanding balance advance amount | $ 167,975 | $ 167,975 | $ 167,975 | |||||||||||||
Due from to Related Party | $ 500,000 | |||||||||||||||
Convertible Note Purchase Agreement [Member] | Corporation and Confections Ventures Limited [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Debt conversion price per share | $ 0.003 | |||||||||||||||
Debt instrument, interest rate | 10.00% | |||||||||||||||
Subscription Agreement [Member] | MGW Investment I Limited [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Number of shares sold | 168,000,000 | |||||||||||||||
Number of shares sold, value | $ 1,999,200 | |||||||||||||||
Sale of stock price per share | $ 0.0119 | |||||||||||||||
Common stock, shares par value | 0.001 | |||||||||||||||
Warrants, exercise price | $ 0.04 | |||||||||||||||
Convertible Notes [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Repayments of convertible debt | $ 84,000 | |||||||||||||||
Debt conversion price per share | $ 0.005 | |||||||||||||||
Debt instrument, interest rate | 10.00% | |||||||||||||||
CVL Note [Member] | Convertible Note Purchase Agreement [Member] | Corporation and Confections Ventures Limited [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Debt conversion price per share | $ 0.003 | |||||||||||||||
Debt instrument, interest rate | 10.00% | |||||||||||||||
Debt instrument, principal amount | $ 939,500 | |||||||||||||||
Debt instrument, maturity date | Feb. 13, 2020 | |||||||||||||||
Debt instrument, beneficial conversion feature | $ 532,383 | |||||||||||||||
CVL Note [Member] | Convertible Note Purchase Agreement [Member] | Mgw Investments [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Debt converted in stock, amount | $ 939,500 | |||||||||||||||
Excess authorized shares | 800,000,000 | |||||||||||||||
MGWI Note [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Debt instrument, interest rate | 12.00% | |||||||||||||||
Debt instrument, principal amount | $ 153,123 | |||||||||||||||
Debt instrument, conversion feature | The MGWI Note is convertible into shares of the Corporation’s common stock at the lower of: (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice; or (ii) 0.003. As a result of the closing of the transactions contemplated by the Stock Purchase Agreement and Convertible Note Purchase Agreement, the MGWI Note must be redeemed by the Corporation in an amount that will permit CVL and MGWI and their affiliates to hold 65% of the issued and outstanding Common Stock of the Corporation on a fully diluted basis. | At December 31, 2019 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature. | ||||||||||||||
MGWI Note [Member] | JSJ Investments [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Debt instrument, interest rate | 12.00% | |||||||||||||||
Mr. Bennett [Member] | Employment Agreement [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Annual salary | $ 175,000 | |||||||||||||||
Chief Executive Officer [Member] | Employment Agreement [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Shares issued during period share based compensation | 20,000,000 | 20,000,000 | ||||||||||||||
Share price | $ 0.0131 | |||||||||||||||
Shares issued during period share based compensation, value | $ 262,000 | |||||||||||||||
Chief Executive Officer [Member] | Kambiz Mahdi [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Payments to Acquire Productive Assets | $ 8,180 | $ 10,241 | ||||||||||||||
Board of Directors [Member] | 2017 Stock Compensation Program [Member] | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Option grant description | (a) we issued to each of our non-employee members of our Board of Directors first joining the Board in October 2015 and who had not received any compensation for serving as directors of the Company (five persons) options to purchase 150,000 shares of our common stock with an exercise price of $.03 per share, the last sale price of our common stock on June 29, 2017 and (b) we issued to each of our non-employee members of our Board of Directors currently serving on the Board (six persons) options to purchase 300,000 shares of our common stock with an exercise price of $.03 per share |
WARRANTY LIABILITY (Details Nar
WARRANTY LIABILITY (Details Narrative) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Warranty Liability Abstract | |||
Warrant liability | $ 0 | $ 0 | $ 0 |
NON-CONTROLLING INTEREST (Detai
NON-CONTROLLING INTEREST (Details Narrative) | Jun. 24, 2021 |
CETY Capital LLC [Member] | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Interest ownership percentage | 75.00% |
AG [Member] | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Interest ownership percentage | 25.00% |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | Apr. 14, 2022 | Feb. 21, 2022 | Feb. 21, 2022 | Sep. 13, 2021 | Jan. 21, 2020 | Apr. 30, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | May 06, 2022 |
Subsequent Event [Line Items] | |||||||||||
Shares issued for cash, shares | 15,035,000 | 1,100,630 | 300,000,000 | 9,833,750 | |||||||
Stock Issued During Period, Value, New Issues | $ 3,084,003 | $ 3,084,039 | $ 1,132,843 | ||||||||
Debt unamortized debt discount | 26,919 | $ 170,438 | |||||||||
Legal fees | $ 45,498 | 96,334 | |||||||||
Inventory | 78,629 | ||||||||||
Inventory, Work in Process, Gross | 2,425 | ||||||||||
Inventory, Raw Materials, Gross | $ 381,138 | ||||||||||
Subsequent Event [Member] | |||||||||||
Subsequent Event [Line Items] | |||||||||||
Shares issued for cash, shares | 8,071,797 | 15,035,000 | 4,915,644 | ||||||||
Stock Issued During Period, Value, New Issues | $ 211,148 | $ 1,202,800 | $ 153,324 | ||||||||
Legal and financing fees | $ 34,500 | ||||||||||
Legal fees | $ 79,997 | ||||||||||
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Mast Hill L P Inc [Member] | |||||||||||
Subsequent Event [Line Items] | |||||||||||
Debt principal amount | $ 750,000 | ||||||||||
Purchase price | 675,000 | ||||||||||
Debt unamortized debt discount | $ 75,000 | ||||||||||
Debt interest rate | 15.00% | ||||||||||
Warrants to purchase | 9,375,000 |