Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 06, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-51770 | |
Entity Registrant Name | CMG HOLDINGS GROUP, INC | |
Entity Central Index Key | 0001346655 | |
Entity Tax Identification Number | 87-0733770 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 2130 North Lincoln Park West 8N | |
Entity Address, City or Town | Chicago | |
Entity Address, State or Province | IL | |
Entity Address, Postal Zip Code | 60614 | |
City Area Code | (773 | |
Local Phone Number | 770-3440 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 438,672,016 |
Consolidated Balance Sheet
Consolidated Balance Sheet - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
CURRENT ASSETS | ||
Cash | $ 466,244 | $ 411,136 |
Accounts receivable | 15,004 | 24,941 |
Loan receivable Pristec | 118,117 | 164,321 |
Loan receivable NVT | 275,448 | |
Prepaid legal fees | 206,000 | |
Total current assets | 1,080,813 | 600,398 |
Property and equipment | 8,054 | 9,911 |
Total Assets | 1,088,867 | 610,309 |
CURRENT LIABILITIES | ||
Accounts payable | 0 | 10,500 |
Deferred compensation | 470,376 | 483,376 |
Paycheck protection loan payable | 108,292 | 45,792 |
Loan from outside party | 15,000 | 35,000 |
Loan payable | ||
Note payable | 83,750 | 108,750 |
Total current liabilities | 677,418 | 683,418 |
TOTAL LIABILITIES | 677,418 | 683,418 |
STOCKHOLDERS' DEFICIT | ||
Common Stock 450,000,000 shares authorized; $0.001 par value, 438,672,016 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively | 438,672 | 438,672 |
Additional paid in capital | 14,630,689 | 14,630,689 |
Treasury Stock | ||
Accumulated deficit | (14,657,912) | (15,142,470) |
TOTAL STOCKHOLDERS DEFICIT | 411,449 | (73,109) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 1,088,867 | $ 610,309 |
Consolidated Balance Sheet (Par
Consolidated Balance Sheet (Parenthetical) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common Stock, Shares Authorized | 450,000,000 | 450,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 438,672,016 | 438,672,016 |
Common Stock, Shares, Outstanding | 438,672,016 | 438,672,016 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Income Statement [Abstract] | ||||
Revenues | $ 199,286 | $ 9,609 | $ 292,284 | $ 9,609 |
Operating expenses | ||||
Cost of revenues | 233,979 | 8,644 | 277,378 | 8,644 |
Interest expense | 750 | 2,375 | ||
General and administrative expenses | 211,972 | 158,321 | 371,135 | 366,734 |
Total operating expenses | 445,951 | 167,715 | 648,513 | 377,753 |
Net income from operations | (246,665) | (158,106) | (356,229) | (368,144) |
Other income | ||||
Settlement of Hudson Gray | 188,468 | 146,352 | 372,643 | 294,352 |
Settlement of loan payable | (12,500) | (6,250) | (25,000) | (18,750) |
Interest income | 17,172 | 22,024 | ||
Gain on sale of stock. | 414,859 | 471,120 | ||
Total other income | 607,999 | 140,102 | 840,787 | 275,602 |
Net income | $ 361,333 | $ (18,004) | $ 484,557 | $ (92,542) |
Consolidated Statement of Stock
Consolidated Statement of Stockholders Equity - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 449,506 | $ 14,687,865 | $ (39,000) | $ (15,185,444) | $ (87,073) | |
Shares, Issued, Beginning Balance at Dec. 31, 2019 | 449,506,008 | |||||
Purchase Treasury Stock | (18,251) | (18,251) | ||||
Retire treasury stock | $ (9,156) | (48,095) | 57,251 | |||
Treasury Stock, Shares, Retired | (9,156,008) | |||||
Net Income(Loss) for the year | (92,542) | (92,542) | ||||
Ending balance, value at Jun. 30, 2020 | $ 440,350 | 14,639,770 | (15,277,986) | (197,866) | ||
Shares, Issued, Ending Balance at Jun. 30, 2020 | 440,350,000 | |||||
Beginning balance, value at Dec. 31, 2020 | $ 438,672 | 14,630,689 | (15,142,470) | (73,109) | ||
Shares, Issued, Beginning Balance at Dec. 31, 2020 | 438,672,016 | |||||
Purchase Treasury Stock | ||||||
Net Income(Loss) for the year | 484,557 | 484,557 | ||||
Ending balance, value at Jun. 30, 2021 | $ 438,672 | $ 14,630,689 | $ (14,657,912) | $ 411,449 | ||
Shares, Issued, Ending Balance at Jun. 30, 2021 | 438,672,016 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 484,557 | $ (92,542) |
Adjustments to reconcile net income to cash used in operating activities | ||
Accounts receivable | 9,937 | 39,515 |
Prepaid legal fees | (206,000) | |
Gain on sale of stock | (471,120) | |
Depreciation | 1,857 | 1,857 |
Deferred compensation | (13,000) | |
Interest income | (22,023) | |
Accounts payable | (10,500) | (64,000) |
Net cash provided by operations | (226,292) | (115,170) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Loan receivable | (82,500) | |
Proceeds from repayment of notes receivable | 60,000 | |
Proceeds from sale of stock | 471,120 | |
Payment of notes receivable | (267,220) | |
Payment of deferred compensation | (110,649) | |
Net cash provided by investing activities | 263,900 | (193,149) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Purchase of Treasury Stock | (18,251) | |
Proceeds from paycheck protection loan | 62,500 | 45,485 |
Payment of loans | (45,000) | (46,688) |
Net cash provided by financing activities | 17,500 | (19,454) |
Net increase in cash | 55,108 | (327,773) |
Cash, beginning of year | 411,136 | 781,752 |
Cash, end of year | $ 466,244 | $ 453,979 |
1 Nature of Operations and Cont
1 Nature of Operations and Continuance of Business | 6 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
1 Nature of Operations and Continuance of Business | 1 Nature of Operations and Continuance of Business Creative Management Group, Inc. was formed in Delaware on August 13, 2002 as a limited liability company named Creative Management Group, LLC. On August 7, 2007, this entity converted to a corporation. The Company is a sports, entertainment, marketing and management company providing event management implementation, sponsorships, licensing and broadcast, production and syndication. On February 20, 2008, Creative Management Group, Inc. formed CMG Acquisitions, Inc., a Delaware company, for the purpose of acquiring companies and expansion strategies. On February 20, 2008, Creative Management Group, Inc. acquired 92.6% Beach 22,135,148 22,135,148 On April 1, 2009, the Company, through a newly formed subsidiary CMGO Capital, Inc., a Nevada corporation, completed the acquisition of XA, The Experiential Agency, Inc. On March 31, 2010, the Company and AudioEye, Inc. (“AudioEye”) completed a Stock Purchase Agreement under which the Company acquired all the capital stock of AudioEye. On June 22, 2011 the Company entered into a Master Agreement subject to shareholder approval and closing conditions with AudioEye Acquisition Corp., a Nevada corporation where the shareholders of AudioEye Acquisition Corp. exchanged 100% of the stock in AudioEye Acquisition Corp for 80% of the capital stock of AudioEye. The Company retained 15% of AudioEye subject to transfer restrictions in accordance with the Master Agreement; in October 2012, the Company distributed to its shareholders, in a dividend, 5% of the On March 28, 2014, CMG Holdings Group, Inc. (the “Company” or “CMG”), completed its acquisition of 100% of the shares of Good Gaming, Inc. (“GGI”) by entering into a Share Exchange Agreement (the “SEA”) with BMB Financial, Inc. and Jackie Beckford, shareholders of GGI. The sole owner of BMB Financial, Inc. is also the sole owner of Infinite Alpha, Inc. which provides consulting services to CMG. Pursuant to the SEA, the Company received 100% of the shares of GGI in exchange for 5,000,000 $33,000 $200,000 On February 18, 2016, the Company sold the assets of Good Gaming, Inc. to HDS International Corp. and thereafter, HDS changed their name to Good Gaming, Inc, from CMG Holdings Group, Inc. (OTCQB: GMER) (“Good Gaming”). The Company received in exchange 100,000,000 200 common shares for each Class B Preferred 1,000 to 1 100,000,000 100,000 14,076,200 The Company’s operating subsidiaries are XA - The Experiential Agency, Inc. - which is a sports, entertainment, marketing and management company providing event management implementation, sponsorships, licensing and broadcast, production and syndication. Its President is Alexis Laken, the daughter of the Company’s president. The other subsidiary is Lincoln Acquisition Corp. which was formed for the purpose of liquidating shares in Good Gaming, Inc. and any other investment shares which might be held by CMG at any given time. |
2 Summary of Significant Accoun
2 Summary of Significant Accounting | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
2 Summary of Significant Accounting | 2 Summary of Significant Accounting a) Basis of Presentation and Principle of Consolidation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America ("GAAP") and are expressed in US dollars. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Lincoln Acquisitions Inc. All intercompany transactions have been eli year-end b) Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and li abilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of its long-lived assets, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and c) Cash and Cash Equivalents The the 466,244 $411,136 d) Basic and Diluted Net Loss Per Share The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, the e) Financial Instruments ASC 820, “Fair Value Measurements,” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar observable data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments consist principally of cash, accounts payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of our cash is determined based on "Level I" inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all our other financial instruments approximate their current fair f) Property and Equipment Property and equipment are comprised of a vehicle and is amortized on a straight-line basis over an expected useful life of three years. Maintenance and repairs are charged to expense as incurred. The land is not depreciated. g) Impairment of long lived assets The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives at each balance sheet date. The Company records an impairment or change in useful life whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed. h) Reclassifications Certain prior period amounts have been reclassified to conform to current presentation. |
3 Accounts Receivable
3 Accounts Receivable | 6 Months Ended |
Jun. 30, 2021 | |
Credit Loss [Abstract] | |
3 Accounts Receivable | 3 Accounts Receivable Accounts receivable consist of invoices for events that occurred prior to period end that the payments were received in the following year. 15,004 24,941 |
4 Loan Receivable
4 Loan Receivable | 6 Months Ended |
Jun. 30, 2021 | |
Receivables [Abstract] | |
4 Loan Receivable | 4 Loan Receivable On November 15, 2019 the company entered into an agreement to a line of credit (LOC) with Pristec America Inc. (Pristec). The LOC was for $75,000 67,500 12% $32,500 100 1,000 On June 24, 2020 The Company entered into an agreement with New Vacuum Technologies LLC(NVT) whereby the Company loaned NVT $ 50,000 267,220 60,000 10% December 24, 2021 |
5 Accounts Payable
5 Accounts Payable | 6 Months Ended |
Jun. 30, 2021 | |
Payables and Accruals [Abstract] | |
5 Accounts Payable | 5 Accounts Payable Accounts payable consist of expenses incurred during the year that had not yet been paid. The balance of accounts payable at June 30, 2021 is $ 0 10,500 |
6 Equity
6 Equity | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
6 Equity | 6 Equity a. Common Stock During the periods ended June 30, 2021 and December 31, 2020, the Company did not sell any shares of its $ 0.001 b. Common Stock Warrants During the periods ended June 30, 2021 and December 31, 2020 , the 40,000,000 $0.0035 5 |
7 Notes Payable
7 Notes Payable | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
7 Notes Payable | 7 Notes Payable Convertible Promissory Notes a. During the periods ended June 30, 2021 and December 31, 2020 , the Company did not issue any new convertible promissory notes. |
8 Legal Proceedings
8 Legal Proceedings | 6 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
8 Legal Proceedings | 8 Legal Proceedings We are subject to certain claims and litigation in the ordinary course of business. It is the opinion of management that the outcome of such matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. In October 2014, Ronald Burkhard, XA ’ s former Executive Chairman and former member of the Company's Board of Directors filed a lawsuit in the Supreme Court of the State of New York, County of New York, alleging 695,000 damages 775,000 105,000 |
9 Income Taxes
9 Income Taxes | 6 Months Ended |
Jun. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
9 Income Taxes | 9 Income Taxes The Company has a net operating loss carried forward of $ 14,657,912 21% , 2021 2020 Income tax recovery at Statutory rate $ (101,757 ) $ 15,653 Permanent differences and other — — Valuation allowance charges 101,757 (15,653 ) Provision for income taxes $ — $ — The significant components of deferred income tax assets and liabilities at June 30, 2021 and December 31, 2020 are as follows: June 30, 2021 December 31, 2020 Net operating loss carried forward $ 14,657,912 $ 15,142,470 Valuation allowance (14,657,912 ) (15,142,470 ) Net deferred income tax asset $ — $ — |
10 Segments
10 Segments | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting [Abstract] | |
10 Segments | 10 Segments The Company splits its business activities during the period ended June 30, 2021 into two Reportable Segments CMG Holding XA Group Total Revenues 192,400 99,883 292,284 Operating expenses 368,520 279,992 648,513 Operating income (loss) (176,120 ) (180,109 ) (356,229 ) Other income (expense) — 840,786 840,787 Net income (loss) (176,120 ) 660,677 484,557 The Company splits its business activities during the period ended June 30, 2020 into three reportable segments. Each segment represents an entity of which are included in the consolidation. The table below represents the operations results for each segment or entity, for the period ended June 30, 2020. CMG Holding XA Group Total Revenues 9,609 — 9,609 Operating expenses 172,523 205,230 377,753 Operating income (loss) (162,914 ) (205,230 ) (368,144 ) Other income (expense) — 275,602 275,602 Net income (loss) (162,914 ) 70,372 (92,542 ) |
11 Gym Equipment
11 Gym Equipment | 6 Months Ended |
Jun. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |
11 Gym Equipment | 11 Gym Equipment During the year ended December 31, 2020, the Company entered into an agreement to buy and sell gym equipment with Zautra Fitness. Zautra Fitness would buy the equipment and the Company would reimburse for the full cost. When the equipment is sold the Company will receive 100% of the cost and 60% of the gain. Zatura Fitness will keep 40% of the profit. In 2020 the Company received $ 43,057 23,942 67,000 40,000 27,000 60% $99,883 58,000 |
12 Related Party Transactions
12 Related Party Transactions | 6 Months Ended |
Jun. 30, 2021 | |
Related Party Transactions [Abstract] | |
12 Related Party Transactions | 12 Related Party Transactions The Company borrowed $125,000 $35,000 The Company issued the Company CEO a warrant to purchase 40,000,000 $0.0155 5 $.0035 5 The board of directors approved a monthly salary for the Company CEO of $ 15,000 $470,376 $13,000 173,149 $90,000 180,000 The Company paid $75,000 150,000 |
13 Subsequent Events
13 Subsequent Events | 6 Months Ended |
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
13 Subsequent Events | 13 Subsequent Events Per management review, no other material subsequent events have occurred. The $ 206,000 |
2 Summary of Significant Acco_2
2 Summary of Significant Accounting (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
a) Basis of Presentation and Principle of Consolidation | a) Basis of Presentation and Principle of Consolidation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America ("GAAP") and are expressed in US dollars. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Lincoln Acquisitions Inc. All intercompany transactions have been eli year-end |
b) Use of Estimates | b) Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and li abilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of its long-lived assets, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and |
c) Cash and Cash Equivalents | c) Cash and Cash Equivalents The the 466,244 $411,136 |
d) Basic and Diluted Net Loss Per Share | d) Basic and Diluted Net Loss Per Share The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, the |
e) Financial Instruments | e) Financial Instruments ASC 820, “Fair Value Measurements,” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar observable data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments consist principally of cash, accounts payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of our cash is determined based on "Level I" inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all our other financial instruments approximate their current fair |
f) Property and Equipment | f) Property and Equipment Property and equipment are comprised of a vehicle and is amortized on a straight-line basis over an expected useful life of three years. Maintenance and repairs are charged to expense as incurred. The land is not depreciated. |
g) Impairment of long lived assets | g) Impairment of long lived assets The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives at each balance sheet date. The Company records an impairment or change in useful life whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed. |
h) Reclassifications | h) Reclassifications Certain prior period amounts have been reclassified to conform to current presentation. |
9 Income Taxes (Tables)
9 Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes - Provision for Income tax | 2021 2020 Income tax recovery at Statutory rate $ (101,757 ) $ 15,653 Permanent differences and other — — Valuation allowance charges 101,757 (15,653 ) Provision for income taxes $ — $ — |
Income Taxes - Deferred Income Tax | June 30, 2021 December 31, 2020 Net operating loss carried forward $ 14,657,912 $ 15,142,470 Valuation allowance (14,657,912 ) (15,142,470 ) Net deferred income tax asset $ — $ — |
10 Segments (Tables)
10 Segments (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting [Abstract] | |
Reportable Segments | The Company splits its business activities during the period ended June 30, 2021 into two Reportable Segments CMG Holding XA Group Total Revenues 192,400 99,883 292,284 Operating expenses 368,520 279,992 648,513 Operating income (loss) (176,120 ) (180,109 ) (356,229 ) Other income (expense) — 840,786 840,787 Net income (loss) (176,120 ) 660,677 484,557 The Company splits its business activities during the period ended June 30, 2020 into three reportable segments. Each segment represents an entity of which are included in the consolidation. The table below represents the operations results for each segment or entity, for the period ended June 30, 2020. CMG Holding XA Group Total Revenues 9,609 — 9,609 Operating expenses 172,523 205,230 377,753 Operating income (loss) (162,914 ) (205,230 ) (368,144 ) Other income (expense) — 275,602 275,602 Net income (loss) (162,914 ) 70,372 (92,542 ) |
1 Nature of Operations and Co_2
1 Nature of Operations and Continuance of Business (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | |
Feb. 18, 2016 | Feb. 20, 2008 | Mar. 28, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Business Acquisition, Percentage of Voting Interests Acquired | 92.60% | ||
Shares received in acquisition | 100,000,000 | 22,135,148 | 5,000,000 |
Equipment and consultant compensation | $ 33,000 | ||
Development Costs, Period Cost | $ 200,000 | ||
Conversion of shares | 200 common shares for each Class B Preferred | ||
Reverse stock split | 1,000 to 1 | ||
Shares received in acquisition, adjusted | 100,000 | ||
Shares owned from acquition | 14,076,200 |
2 Summary of Significant Acco_3
2 Summary of Significant Accounting (Details Narrative) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Accounting Policies [Abstract] | ||||
Cash and Cash Equivalents, at Carrying Value | $ 466,244 | $ 411,136 | $ 453,979 | $ 781,752 |
3 Accounts Receivable (Details
3 Accounts Receivable (Details Narrative) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Credit Loss [Abstract] | ||
Accounts Receivable, after Allowance for Credit Loss, Current | $ 15,004 | $ 24,941 |
4 Loan Receivable (Details Narr
4 Loan Receivable (Details Narrative) - USD ($) | 2 Months Ended | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2019 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Jun. 24, 2020 | |
Receivables [Abstract] | |||||
Line of credit to Pristec | $ 75,000 | ||||
Loan to Pristec | $ 67,500 | $ 82,500 | $ 32,500 | ||
Interest rate | 12.00% | 10.00% | |||
Convert loan to Shares | 100 | ||||
Convert loan to Shares. amount | $ 1,000 | ||||
Financing Receivable, after Allowance for Credit Loss, Current | 275,448 | $ 50,000 | |||
Additional Note Receivable | 267,220 | ||||
Proceed on note receivable | $ 60,000 | ||||
Debt Instrument, Maturity Date Range, End | Dec. 24, 2021 |
5 Accounts Payable (Details Nar
5 Accounts Payable (Details Narrative) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Payables and Accruals [Abstract] | ||
Accounts payable | $ 0 | $ 10,500 |
6 Equity (Details Narrative)
6 Equity (Details Narrative) - $ / shares | 11 Months Ended | |||
Dec. 15, 2017 | Dec. 15, 2015 | Jun. 30, 2021 | Dec. 31, 2020 | |
Equity [Abstract] | ||||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | ||
Warrants outstanding | 40,000,000 | |||
Warrants outstanding, price per share | $ 0.0035 | $ 0.0155 | ||
Warrants outstanding term | 5 years | 5 years |
8 Legal Proceedings (Details Na
8 Legal Proceedings (Details Narrative) - Burkhard [Member] - USD ($) | 1 Months Ended | 12 Months Ended |
Oct. 31, 2014 | Dec. 31, 2018 | |
Loss Contingencies [Line Items] | ||
Loss Contingency, Damages Sought, Value | $ 695,000 | $ 775,000 |
Payments for Legal Settlements | $ 105,000 |
Income Taxes - Provision for In
Income Taxes - Provision for Income tax (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Income tax recovery at Statutory rate | $ (101,757) | $ 15,653 |
Permanent differences and other | ||
Valuation allowance charges | 101,757 | (15,653) |
Provision for income taxes |
Income Taxes - Deferred Income
Income Taxes - Deferred Income Tax (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carried forward | $ 14,657,912 | $ 15,142,470 |
Valuation allowance | (14,657,912) | (15,142,470) |
Net deferred income tax asset |
9 Income Taxes (Details Narrati
9 Income Taxes (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Mar. 31, 2021 | |
Income Tax Disclosure [Abstract] | ||
Operating Loss Carryforwards | $ 14,657,912 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
Reportable Segments (Details)
Reportable Segments (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Segment Reporting Information [Line Items] | ||||
Revenues | $ 199,286 | $ 9,609 | $ 292,284 | $ 9,609 |
Operating expenses | 445,951 | 167,715 | 648,513 | 377,753 |
Operating income (loss) | (246,665) | (158,106) | (356,229) | (368,144) |
Other income (expense) | 607,999 | 140,102 | 840,787 | 275,602 |
Net income (loss) | $ 361,333 | $ (18,004) | 484,557 | (92,542) |
X A [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 192,400 | 9,609 | ||
Operating expenses | 368,520 | 172,523 | ||
Operating income (loss) | (176,120) | (162,914) | ||
Other income (expense) | ||||
Net income (loss) | (176,120) | (162,914) | ||
CMG | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 99,883 | |||
Operating expenses | 279,992 | 205,230 | ||
Operating income (loss) | (180,109) | (205,230) | ||
Other income (expense) | 840,786 | 275,602 | ||
Net income (loss) | $ 660,677 | $ 70,372 |
11 Gym Equipment (Details Narra
11 Gym Equipment (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Revenue from Contract with Customer [Abstract] | ||
Proceeds from sale | $ 43,057 | |
Accounts Receivable | 23,942 | |
Revenue of equipment sale | $ 99,883 | 67,000 |
Cost of equipment | $ 58,000 | 40,000 |
Gain on sale of equipment | $ 27,000 | |
Gain | 60.00% |
12 Related Party Transactions (
12 Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 11 Months Ended | 12 Months Ended | |||
Mar. 31, 2021 | Jun. 30, 2021 | Dec. 15, 2017 | Dec. 15, 2015 | Dec. 31, 2020 | Dec. 31, 2015 | Dec. 31, 2019 | |
Related Party Transaction [Line Items] | |||||||
Loan from outside party | $ 15,000 | $ 35,000 | |||||
Warrants outstanding | 40,000,000 | ||||||
Warrants outstanding, price per share | $ 0.0035 | $ 0.0155 | |||||
Warrants outstanding term | 5 years | 5 years | |||||
Deferred compensation | 470,376 | 483,376 | |||||
Affiliated Entity [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Proceeds from loan | $ 125,000 | ||||||
Chief Executive Officer [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Monthly Salary | 15,000 | ||||||
Deferred compensation | $ 470,376 | ||||||
Payments in excess for salary | 13,000 | 173,149 | |||||
Payments for Salary | $ 90,000 | 180,000 | |||||
President [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Payments for Salary | $ 75,000 | $ 150,000 |
13 Subsequent Events (Details N
13 Subsequent Events (Details Narrative) | 3 Months Ended |
Sep. 30, 2021USD ($) | |
Subsequent Events [Abstract] | |
Prepaid Legal fess refunded | $ 206,000 |