LFTD Partners (LIFD) 10-K 31 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 30, 2021	Jun. 30, 2020
Document and Entity Information:
Registrant Name	ACQUIRED SALES CORP.
Registrant CIK	0001391135
SEC Form	10-K
Period End date	Dec. 31, 2020
Fiscal Year End	--12-31
Tax Identification Number (TIN)	87-0479286
Number of common stock shares outstanding		9,763,236
Public Float			$ 2,524,936
Filer Category	Non-accelerated Filer
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Small Business	true
Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity File Number	000-51230
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Incorporation, State Country Code	NV
Entity Address, Address Line One	4227 Habana Ave.
Entity Address, Address Line Two	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32217
City Area Code	847
Local Phone Number	915-2446

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current Assets
Cash and Cash Equivalents	$ 439,080	$ 4,384,929
Dividend Receivable from Bendistillery, Inc.	2,495	0
Prepaid Expenses	455,061	9,583
Loan to SmplyLifted LLC	293,750	0
IL Income Tax Receivable	2,715	0
Interest Receivable	2,112	0
Note Receivable from CBD LION	15,318	200,000
Accounts Receivable, net of $5,743 allowance in 2020	1,413,051	0
Inventory	641,195	0
Total Current Assets	3,264,777	4,594,512
Goodwill	22,292,767	0
Investment in Ablis	399,200	399,200
Investment in Bendistillery and Bend Spirits	1,497,000	1,497,000
Deposit for Girish GPO Distribution Agreement	30,000	0
Investment in SmplyLifted LLC	195,571	0
Fixed Assets, less accumulated depreciation of $14,361 in 2020	135,391	0
Intangible Assets, less accumulated amortization of $1,390 in 2020	3,054	0
Security Deposit	1,600	0
Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $35,650 in 2020	7,705	0
Total Assets	27,827,065	6,490,712
Current Liabilities
Operating Lease Liability	7,670	0
Deferred Revenue	1,096,120	0
Management Bonuses Payable - Related Party
Management Bonus Payable - Related Party - Payable to William C. Jacobs	100,000	0
Management Bonus Payable - Related Party - Payable to Gerard M. Jacobs	250,000	0
Management Bonuses Payable - Related Party	350,000	0
Accounts Payable and Accrued Expenses	639,479	38,485
Interest - Payable to Nicholas S. Warrender	64,110	0
Interest Payable - Related Party	64,110	0
Preferred Stock Dividends Payable
Series A Convertible Preferred Stock Dividends Payable	145,561	145,017
Series B Convertible Preferred Stock Dividends Payable	5,782	5,741
Preferred Stock Dividends Payable	151,343	150,758
Total Current Liabilities	2,308,722	189,243
Non-Current Liabilities
Paycheck Protection Program Loan	149,623	0
Notes Payable - Payable to Nicholas S. Warrender	3,750,000	0
Total Non-Current Liabilities	3,899,623	0
Total Liabilities	6,208,345	189,243
Commitments and Contingencies
Shareholders' Equity
Preferred Stock Value	166	166
Common Stock, $0.001 par value; 100,000,000 shares authorized; 6,485,236 shares issued and outstanding at December 31, 2020, and 2,726,669 shares outstanding at December 31, 2019	6,485	2,727
Treasury Stock (Purchase of 36,000 shares of common stock at $0.95/share)	(34,200)	0
Additional paid-in capital	38,787,444	21,691,128
Accumulated Deficit	(17,141,175)	(15,392,552)
Total Shareholders' Equity (Deficit)	21,618,720	6,301,469
Total Liabilities and Shareholders' Equity	$ 27,827,065	$ 6,490,712

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, allowance	$ 5,743	$ 0
Accumulated depreciation	14,361	$ 0
Accumulated amortization	1,390
Right-of-Use Asset Amortization	$ 35,650
Preferred Stock, par or stated value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	10,000,000	10,000,000
Common Stock, par or stated value	$ 0.001	$ 0.001
Common Stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	6,485,236	2,726,669
Common Stock, shares outstanding	6,485,236	2,726,669
Series A Convertible Preferred Stock
Preferred Stock, par or stated value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	400,000	400,000
Preferred Stock, shares issued	66,150	66,150
Preferred Stock, shares outstanding	66,150	66,150
Series B Convertible Preferred Stock
Preferred Stock, par or stated value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued	100,000	100,000
Preferred Stock, shares outstanding	100,000	100,000
Common Stock
Treasury stock shares	36,000
Share price	$ 0.95

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net Sales	$ 5,344,320	$ 0
Cost of Goods Sold	3,407,430	0
Gross Profit	1,936,890	0
Stock Compensation Expense	1,393,648	874,154
Selling, General and Administrative Expenses	133,951	58,478
Bank Charges and Merchant Fees	48,814	130
Management Bonuses	350,000	0
Bad Debt	124,802	0
Payroll, Consulting and Independent Contractor Expenses	809,966	112,500
Professional Fees	374,489	211,543
Advertising and Marketing	115,102	6,126
Depreciation and Amortization	16,385	0
Rent Expense	22,068	0
Warehouse & Lab Expenses (too small to capitalize)	66,033	0
Income/(Loss) From Operations	(1,518,368)	(1,262,931)
Other Income/(Expenses)
Income/(Loss) From 50% membership interest in SmplyLifted LLC (FR3SH)	(4,429)	0
Settlement Income/Gain on Settlement	12,500	29,196
Interest Expense	(65,186)	(27,998)
Dividend Income	2,495	0
Warehouse Buildout Credits	1,600	0
Gain on Forgiveness of Debt	91,272	0
Refund of Merchant Account Fees	34,429	0
Settlement Costs	(97,000)	0
Interest Income	8,098	25,628
Total Other Income/(Expenses)	(16,221)	26,826
Provision for Income Taxes	0	0
Net Loss Attributable to Acquired Sales Corp. common stockholders	$ (1,534,589)	$ (1,236,105)
Basic and Diluted Net Loss Per Common Share	$ (0.29)	$ (0.48)
Basic and Diluted Weighted Average Number of Common Shares Outstanding:	5,927,480	2,577,349

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical)	Dec. 31, 2020
Income Statement [Abstract]
Membership interest in SmplyLifted LLC, percentage	50.00%

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018		$ 2,370		$ 13,664,697	$ (14,005,689)	$ (338,622)
Shares, Outstanding, Beginning Balance at Dec. 31, 2018		2,369,648
Exercise of rights to purchase warrants to purchase shares of common stock, Amount		$ 210		1,892		2,102
Exercise of rights to purchase warrants to purchase shares of common stock, Shares		210,000
Issuance of warrants to purchase common stock				26,773		26,773
Issuance of Series A Convertible Preferred Stock for cash, Amount	$ 30			2,989,970		2,990,000
Issuance of Series A Convertible Preferred Stock for cash, Shares	29,900
Series A Preferred Stock dividend payable					(18,552)	(18,552)
Net Loss					(44,440)	(44,440)
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2019	$ 30	$ 2,580		16,683,332	(14,068,681)	2,617,261
Shares, Outstanding, Ending Balance at Mar. 31, 2019	29,900	2,579,648
Issuance of Series A Convertible Preferred Stock for cash, Amount	$ 36			3,624,964		3,625,000
Issuance of Series A Convertible Preferred Stock for cash, Shares	36,250
Stock Compensation Expense				834,186		834,186
Series A Preferred Stock dividend payable					(26,425)	(26,425)
Net Loss					(896,815)	(896,815)
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2019	$ 66	$ 2,580		21,142,482	(14,991,921)	6,153,207
Shares, Outstanding, Ending Balance at Jun. 30, 2019	66,150	2,579,648
Issuance of Series B Convertible Preferred Stock for cash, Amount	$ 90			449,910		450,000
Issuance of Series B Convertible Preferred Stock for cash, Shares	90,000
Stock Compensation Expense				37,961		37,961
Series A Preferred Stock dividend payable					(50,020)	(50,020)
Series B Preferred Stock dividend payable					(2,232)	(2,232)
Exercise of stock options, Amount		$ 147		8,778		8,925
Exercise of stock options, Shares		147,021
Net Loss					(146,466)	(146,466)
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2019	$ 156	$ 2,727		21,639,131	(15,190,639)	6,451,375
Shares, Outstanding, Ending Balance at Sep. 30, 2019	156,150	2,726,669
Issuance of Series B Convertible Preferred Stock for cash, Amount	$ 10			49,990		50,000
Issuance of Series B Convertible Preferred Stock for cash, Shares	10,000
Stock Compensation Expense				2,007		2,007
Series A Preferred Stock dividend payable					(50,020)	(50,020)
Series B Preferred Stock dividend payable					(3,509)	(3,509)
Net Loss					(148,384)	(148,384)
Stockholders' Equity Attributable to Parent, Ending Balance at Dec. 31, 2019	$ 166	$ 2,727		21,691,128	(15,392,552)	6,301,469
Shares, Outstanding, Ending Balance at Dec. 31, 2019	166,150	2,726,669
Issuance of warrants to Gerard M. Jacobs upon execution of employment agreement, amount				733,499		733,499
Issuance of warrants to William C. Jacobs upon execution of employment agreement				660,149		660,149
Issuance of common stock consideration as part of the acquisition of Lifted Liquids, Inc., Amount		$ 3,900		10,722,351		10,726,251
Issuance of common stock consideration as part of the acquisition of Lifted Liquids, Inc., Shares		3,900,455
Issuance of warrants to purchase shares of common stock as part of the acquisition of Lifted Liquids, Inc.				4,980,150		4,980,150
Series A Preferred Stock dividend payable					(34,179)	(34,179)
Series B Preferred Stock dividend payable					(3,740)	(3,740)
Net Loss					(1,760,627)	(1,760,627)
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2020	$ 166	$ 6,627		38,787,277	(17,191,098)	21,602,972
Shares, Outstanding, Ending Balance at Mar. 31, 2020	166,150	6,627,124
Series A Preferred Stock dividend payable					(64,775)	(64,775)
Series B Preferred Stock dividend payable					(3,740)	(3,740)
Cancellation of shares of common stock		$ (167)		167
Cancellation of shares of common stock, Shares		(166,888)
Net Loss					(419,313)	(419,313)
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2020	$ 166	$ 6,460		38,787,444	(17,678,926)	21,115,144
Shares, Outstanding, Ending Balance at Jun. 30, 2020	166,150	6,460,236
Series A Preferred Stock dividend payable					(50,020)	(50,020)
Series B Preferred Stock dividend payable					(3,784)	(3,784)
Net Loss					95,823	95,823
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2020	$ 166	$ 6,460		38,787,444	(17,636,907)	21,157,163
Shares, Outstanding, Ending Balance at Sep. 30, 2020	166,150	6,460,236
Series A Preferred Stock dividend payable					(50,020)	(50,020)
Series B Preferred Stock dividend payable					(3,779)	(3,779)
Exercise of stock options, Amount		$ 25				25
Exercise of stock options, Shares		25,000
AQSP's November 24, 2020 purchase of 36,000 shares of common stock at $0.95 per share, for a total of $34,200, from an unrelated shareholder, Amount			$ (34,200)			(34,200)
AQSP's November 24, 2020 purchase of 36,000 shares of common stock at $0.95 per share, for a total of $34,200, from an unrelated shareholder, Shares			36,000
Net Loss					549,531	549,531
Stockholders' Equity Attributable to Parent, Ending Balance at Dec. 31, 2020	$ 166	$ 6,485	$ (34,200)	$ 38,787,444	$ (17,141,175)	$ 21,618,720
Shares, Outstanding, Ending Balance at Dec. 31, 2020	166,150	6,485,236	36,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash Flows From Operating Activities
Net Loss	$ (1,534,589)	$ (1,236,105)
Adjustments to Reconcile Loss to Net Cash Used in Operating Activities:
Lifted Mades Portion of SmplyLifted's net loss in 2020	4,429	0
Stock Compensation Expense	1,393,648	874,154
Bad Debt Expense	124,802	0
Depreciation and Amortization	16,385	0
Financing Cost - Issuance of Warrants to Purchase Common Stock	0	26,773
Spoiled and Written Off Inventory	147,413	0
Effect on Cash of Changes in Operating Assets and Liabilities
Accounts Receivable	(1,196,716)	0
Prepaid Expenses	(445,478)	(9,583)
Dividend Receivable from Bendistillery, Inc.	(2,495)	0
IL Income Tax Receivable	(2,715)	0
Interest Receivable	(2,112)	0
Inventory	(521,134)	0
Deposit for Girish GPO Distribution Agreement	(30,000)	0
Loan to Shareholder	9,000	0
Trade Accounts Payable and Accrued Expenses	255,908	(74,965)
Accounts Payable and Interest Payable to Related Parties	414,110	(191,776)
Change in ROU Asset	18,314	0
Change in Lease Liability	(18,230)	0
Deferred Revenue	1,031,424	0
Net Cash Used in Operating Activities	(338,036)	(611,502)
Cash Flows From Investing Activities
Net Cash Paid as Part of Lifted Liquids, Inc. Acquisition	(3,130,610)	0
Reduction of CBD Lion Note Receivable	184,682	100,000
Issuance of Note to CBD Lion	0	(300,000)
Net Purchase of Fixed Assets	(70,133)	0
Investment in Ablis	0	(399,200)
Investment in Bendistillery and Bend Spirits	0	(1,497,000)
Loan to SmplyLifted LLC	(293,750)	0
Investment in SmplyLifted LLC	(200,000)	0
Net Cash Used in Investing Activities	(3,509,811)	(2,096,200)
Cash Flows From Financing Activities
Proceeds from Paycheck Protection Program Loan	149,623	0
Payments of Dividends to Series A Convertible Preferred Stock Holders	(198,450)	0
Payments of Dividends to Series B Convertible Preferred Stockholders	(15,000)	0
Purchase of Shares Held in Treasury	(34,200)	0
Financing Cost - Proceeds From Borrowing Under Notes Payable to Related Parties	0	14,772
Financing Cost - Repayment of Borrowings Under Notes Payable to Related Parties	0	(45,562)
Financing Cost - Repayment of Interest Payable to Related Parties	0	(2,606)
Exercise of Option	25	0
Exercise of Warrants	0	11,027
Issuance of Series A Convertible Preferred Stock	0	6,615,000
Issuance of Series B Convertible Preferred Stock	0	500,000
Financing Cost - Proceeds From Borrowing Under Notes Payable to Related Parties	0	0
Financing Cost - Interest Payable to Related Parties	0	0
Net Cash Provided by/(Used in) Financing Activities	(98,002)	7,092,631
Net Increase/(Decrease) in Cash	(3,945,849)	4,384,929
Cash and Cash Equivalents at Beginning of Period	4,384,929	0
Cash and Cash Equivalents at End of Period	439,080	4,384,929
Supplemental Cash Flow Information
Cash Paid For Interest	1,076	2,606
Cash Paid For Income Taxes	$ 0	$ 0

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block [Abstract]
Note 1 - Basis of Presentation and Significant Accounting Policies	NOTE 1 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Our business is primarily engaged in the identification, structuring and seeking to execute on acquisitions of all or a portion of one or more operating businesses involving the manufacture, sale and distribution of cannabinoid-infused products such as beverages, shots, water, other liquids, water soluble nano drops or liquids, lotions, sprays, conditioners, creams, oils, pre-rolled hemp joints and hemp cigarettes, cartridges, syringes, tinctures, powder, water packets, effervescent tablets, capsules, bath bombs, balms, body washes, gummies, food, other edibles, and non-prescription cannabinoid formulations (a “Canna-Infused Products Company”). Our business also involves selling and distributing products containing nicotine. Our business has also involved selling and distributing hand sanitizer during the pendency of the COVID-19 pandemic. Management of the Company is open-minded to the concept of also acquiring operating businesses and/or assets involving products containing nicotine, marijuana, distilled spirits, beer, wine, and real estate. In addition, management of the Company is open-minded to the concept of acquiring all or a portion of one or more operating businesses and/or assets that are considered to be “essential” businesses which are unlikely to be shut down by the government during pandemics such as COVID-19. To date, we have acquired 100% of the ownership interests in one Canna-Infused Products Company now called Lifted Liquids, Inc. d/b/a Lifted Made (formerly Warrender Enterprise Inc. d/b/a Lifted Liquids), 4.99% of the ownership interests in a second Canna-Infused Products Company called Ablis Holding Company ("Ablis"), and 4.99% of the ownership interests in two other businesses that manufacture distilled spirits called Bendistillery Inc. ("Bendistillery") and Bend Spirits, Inc. ("Bend Spirits"). Lifted Made owns 50% of SmplyLifted LLC. We have also terminated a planned acquisition of Canna-Infused Products Company called CBD Lion LLC. At this point in time, we are in discussions with certain companies in our acquisition pipeline. However, our cash on hand is currently limited, so in order to close future acquisitions it is highly likely that it will be necessary for us to raise additional capital, and no guarantee or assurance can be made that such capital can be raised on acceptable terms, if at all. For more information, please refer to “Description of the Business of Acquired Sales Corp.” “The Lifted Made Business” “ITEM 1. BUSINESS” above. Consolidated Financial Statements Use of Estimates Cash and Cash Equivalents The Company maintains its cash balance at a credit-worthy financial institution that is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. Deposits with these banks may exceed the amount of insurance provided on such deposits; however, these deposits typically may be redeemed upon demand and, therefore, bear minimal risk. Notes Receivable Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) 820 defines fair value, establishes a framework for measuring fair value under GAAP and enhances disclosures about fair value measurements. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair-value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value as follows: Level 1 – Level 2 – Level 3 – SmplyLifted LLC is not publicly traded, and as such its financial instruments are 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. Accounts Receivable Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement Inventory December 31, 2020 December 31, 2019 Raw Goods $ 500,657 $ - Finished Goods $ 140,538 $ - Total Inventory $ 641,195 $ - Monthly overhead costs such as payments for rent, utilities, insurance, and indirect labor are allocated to finished goods based on the estimated percentage cost toward the finished goods. During the quarter ended March 31, 2020, $8,313 of overhead costs were allocated to finished goods. During the quarter ended June 30, 2020, $14,560 of overhead costs were allocated to finished goods. During the quarter ended September 30, 2020, $10,394 of overhead costs were allocated to finished goods. During the quarter ended December 31, 2020, $12,240 of overhead costs were allocated to finished goods. As described in “ Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement The following were written off as obsolete inventory during the quarter ended December 31, 2020: 1) Obsolete disposable nicotine vapes; 2) Various sized bottles of hand sanitizer; 3) Moldy hemp flower; 4) Unbottled gel and liquid hand sanitizer; 5) Unbottled e-liquid; and 6) Obsolete labels. The process of determining obsolete inventory during the quarter involved: 1) Identifying raw goods that would no longer be used in the manufacture of finished goods; 2) Identifying finished goods that would no longer be sold; and 3) Valuing and expensing raw and finished goods that would no longer be sold. Fixed Assets Management regularly reviews property and equipment and other long-lived assets for possible impairment. This review occurs annually, or more frequently if events or changes in circumstances indicate the carrying amount of the asset may not be recoverable. If there is indication of impairment, management then prepares an estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual disposition. If these cash flows are less than the carrying amount of the asset, an impairment loss is recognized to write down the asset to its estimated fair value. The fair value is estimated using the present value of the future cash flows discounted at a rate commensurate with management’s estimates of the business risks. Preparation of estimated expected future cash flows is inherently subjective and is based on management’s best estimate of assumptions concerning expected future conditions. Long-lived assets held for sale are recorded at the lower of their carrying amount or fair value less cost to sell. Security Deposit Investments Investment in SmplyLifted LLC Lifted owns 50% of SmplyLifted LLC (“SmplyLifted”). The other 50% of SmplyLifted is owned by SMPLSTC LLC and its principals, who are located in Costa Mesa, California. Under US GAAP, the Company uses the equity method to account for its 50% membership interest in SmplyLifted. Under the equity method of accounting, the Company records its share (50%) of SmplyLifted’s earnings (or losses) as income (or losses) on the Consolidated Statements of Operations. The Company recorded its initial investment in SmplyLifted, which was $200,000, as an asset at historical cost. Under the equity method, the investment’s value is periodically adjusted to reflect the changes in value due to Lifted’s share in SmplyLifted’s income or losses. Goodwill Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Company’s acquisitions is attributable to the value of the potential expanded market opportunity with new customers. Goodwill is not amortized but is subject to annual impairment testing unless circumstances dictate more frequent assessments. The Company performs an annual impairment assessment for goodwill during the fourth quarter of each year and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than the carrying amount. Goodwill impairment testing is a two-step process performed at the reporting unit level. Step one compares the fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows. For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s size and industry and other Company-specific risks. Other significant assumptions used in the income approach include the terminal value, growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then the second step must be completed to measure the amount of impairment, if any. Step two calculates the implied fair value of goodwill by deducting the fair value of all tangible and intangible net assets of the reporting unit from the fair value of the reporting unit as calculated in step one. In this step, the fair value of the reporting unit is allocated to all of the reporting unit’s assets and liabilities in a hypothetical purchase price allocation as if the reporting unit had been acquired on that date. If the carrying amount of goodwill exceeds the implied fair value of goodwill, an impairment loss is recognized in an amount equal to the excess. Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, strategic plans, and future market conditions, among others. There can be no assurance that the Company’s estimates and assumptions made for purposes of the goodwill impairment testing will prove to be accurate predictions of the future. Changes in assumptions and estimates could cause the Company to perform an impairment test prior to scheduled annual impairment tests. The Company performed its annual fair value assessment at December 31, 2020 on the goodwill recognized as part of the acquisition of Lifted, and determined that no impairment was necessary. Please refer to “ NOTE 3 – THE COMPANY’S INVESTMENTS” Revenue The Company recognizes revenue in accordance with ASC 606. Revenue Recognition on the Sale of Raw Materials to Customers The Company sells hemp flower, hemp-derived cannabinoids and other raw materials (“Raw Materials”) to various customers. The Company does not offer terms to customers buying Raw Materials. In the majority of sales of Raw Materials to customers, customers are required to pay the full price before receiving the Raw Materials. In some cases, with the sale of large quantities of Raw Materials to customers with whom the Company has established relationships, the Company may allow the customer to pay 50% of the purchase up front, and then, after delivery of the product, the customer is required to pay the remaining 50% of the purchase price. Revenue Recognition on the Sale of Products to Private Label Clients Typically, private label clients are required to pay up front for the goods that they order. If the private label client orders more than ten stock keeping units (“SKUs”) in an order, the Company will collect a down payment of at least 50% of the total purchase order, and then will collect the remaining amount upon delivery of the purchased goods. Revenue Recognition on the Sale of Lifted Liquids-Branded Products to Wholesalers, Distributors and End Users The Company sells its own branded products to distributors, which then sell Lifted’s products to vape and smoke shops, CBD stores, convenience stores, health food stores, and other outlets. The Company also sells its own branded products to wholesalers and directly to consumers online. The Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products to a customer. Control is generally transferred when the Company’s products are either shipped or delivered based on the terms contained within the underlying contracts or agreements. The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. Promotional and other allowances (variable consideration) recorded as a reduction to gross sales, primarily include consideration given to the Company’s distributors or retail customers including, but not limited to, discounted products. Management believes that adequate provision has been made for cash discounts, returns and spoilage based on the Company’s historical experience. Described below are some of the reasons why a customer may want to return an ordered item, and how the Company responds in each situation: 1) The ordered item breaks, melts, or separates in transit to the customer. In this case, the Company will replace the broken, melted or separated item at no cost to the customer. 2) The Company sent the wrong item to the customer. In this case, the Company will allow the customer to keep, at no cost to the customer, the item that was mistakenly sent to the customer. The Company will also send the correct product to the customer, at no cost to the customer. 3) The customer ordered the wrong product. In this case, the customer, at his/her own expense, must mail the mistakenly ordered product back to the Company, and the Company will mail the correct product to the customer. 4) The ordered item is recalled. In a situation where product is recalled, the Company will offer a replacement, credit, or refund. Historically, the scenarios described above have occurred infrequently, and occurrences have been immaterial. However, during the third quarter of 2020, the Company provided many replacements, and issued refunds or credits to many customers who purchased delta-8-THC gummies that melted in transit, and delta-8-THC nano drops that had separation issues. Disaggregation of Revenue During the year ended December 31, 2020, all of the Company’s sales occurred inside of the United States of America. Contract Liabilities Amounts received from a customer before the purchased product is shipped to the customer is treated as deferred revenue. If cash is not received, an accounts receivable is recognized, but revenue is not recognized until an order is fully shipped. There was deferred revenue of $1,057,105 as of December 31, 2020. There was no deferred revenue recognized as of December 31, 2019. Cost of Goods Sold Operating Expenses Income Taxes Basic and Diluted Earnings (Loss) Per Common Share For the Year Ended December 31, 2020 2019 Net Loss $ (1,534,589) $ (1,236,105) Weighted Average Shares Outstanding 5,927,480 2,577,349 Basic and Diluted Loss per Share $ (0.29) $ (0.48) As of December 31, 2020, in addition to our outstanding common stock, we have issued (a) options to purchase 1,151,698 shares of common stock at $2.00 per share, (b) warrants to purchase 403,921 shares of common stock at $1 per share, (c) warrants to purchase 6,000 shares of common stock at $5 per share, (d) rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share, (e) financing warrants to purchase 31,250 shares of common stock at $0.03 per share, and (f) warrants to purchase 2,295,000 shares of common stock at $5.00 per share. Regarding the aforementioned rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share: of these, rights to purchase warrants to purchase 1.25 million shares of our commons stock are not vested and are not exercisable until a performance contingency is met. Regarding the aforementioned warrants to purchase 2,295,000 shares of our common stock at an exercise price of $5.00 per share: of the total, warrants to purchase 1,650,000 shares of our common stock are vested, while the remaining warrants to purchase 645,000 shares of our common stock are not vested and are subject to certain conditions and requirements. In comparison, at December 31, 2019, there were outstanding options to purchase 1,586,619 shares of common stock at between $0.001 and $2.00 per share, (b) rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share, and (c) financing warrants to purchase 31,250 shares of common stock at $0.03. As of the date of this report, none of these outstanding options, rights to purchase warrants or financing warrants have been exercised into shares of common stock. However, all of them may be exercised at any time in the sole discretion of the holder except for the rights to purchase warrants to purchase 1.25 million shares of our commons stock, are not exercisable until a performance contingency is met. At December 31, 2019, the Company had Series A Preferred Stock Recent Accounting Pronouncements In August 2018, the FASB issued ASU 2018-15, “Intangibles - Goodwill and Other - Internal Use Software (Subtopic 250-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract” (“ASU 2018-15”). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs for internal-use software. The accounting for any hosting contract is unchanged. ASU 2018-15 is effective on January 1, 2020 with early adoption permitted, including adoption in any interim period. Because the Company does not currently have any cloud computing arrangements that include a software license, fees associated with any hosting element are expensed as incurred. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes On August 5, 2020, the FASB issued ASU No. 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) which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The ASU is effective for public business entities that meet the definition of a SEC filer, excluding smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. The FASB noted that an entity should adopt the guidance as of the beginning of its annual fiscal year. Advertising and Marketing Expenses Compensated Absences Off Balance Sheet Arrangements Reclassifications Business Combinations and Consolidated Results of Operations and Outlook Business Combinations and Reorganizations When the Company acquires a business, we allocate the purchase price to the assets acquired and liabilities assumed in the transaction at their respective estimated fair values. We record any premium over the fair value of net assets acquired as goodwill. The allocation of the purchase price involves judgments and estimates both in characterizing the assets and in determining their fair value. We use all available information to make these fair value determinations and engage independent valuation specialists to assist in the fair value determination of the acquired long-lived assets. During 2020, the acquisition of Lifted added approximately $4,444 in purchased intangible assets and $22,292,767 in goodwill to the consolidated balance sheet. January 1, 2019 - February 24, 2020 (Acquisition Date) (1) February 24, 2020 (Acquisition Date) - December 31, 2020 (2) Net Sales $ 4,450,339 $ 5,344,320 Net Earnings $ 549,999 $ 461,913 Shown above are Lifted’s net sales and net earnings for the following two periods: (1) January 1, 2019 through February 24, 2020 (acquisition date) (2) February 24, 2020 (acquisition date) to December 31, 2020 The foregoing disclosures of net sales and net earnings during those periods solely reflects Lifted’s financial results. Prior to its acquisition of Lifted on February 24, 2020, Acquired Sales Corp. had no sources of revenue, so the acquisition of Lifted was significant for Acquired Sales Corp.

Note 2 - Receipt Of Loans Under

Note 2 - Receipt Of Loans Under The Economic Injury Disaster Loan Program And The Paycheck Protection Program	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Note 2 - Receipt Of Loans Under The Economic Injury Disaster Loan Program And The Paycheck Protection Program	NOTE 2 – RECEIPT OF LOANS UNDER THE ECONOMIC INJURY DISASTER LOAN PROGRAM AND THE PAYCHECK PROTECTION PROGRAM In response to the coronavirus (COVID-19) pandemic, the U.S. Small Business Administration (the “SBA”) is making small business owners eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000 under its Economic Injury Disaster Loan program (the “EIDL”). This advance provides economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. Lifted applied for and received a $10,000 loan advance under the EIDL (“EIDL Advance”) on April 20, 2020. Lifted recognized a $10,000 gain on the forgiveness of the EIDL Advance on April 21, 2020. Lifted also applied for and received a loan (the “PPP Loan”) under the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was enacted March 27, 2020. The PPP Loan was issued by BMO Harris Bank (the “Lender”) in the aggregate principal amount of $149,622.50 and evidenced by a promissory note (the “Note”), dated April 14, 2020 issued by Lifted to the Lender. The Note matures on April 14, 2022. The Note bears interest at a rate of 1.00% per annum, payable monthly commencing on November 14, 2020, following an initial deferral period as specified under the PPP. As of December 31, 2020, Lifted had an accrual of $1,074 for the interest on the PPP Loan. The Note may be prepaid by Lifted at any time prior to maturity with no prepayment penalties. Proceeds from the PPP Loan will be available to Lifted to fund designated expenses, including certain payroll costs and other permitted expenses, in accordance with the PPP. Under the terms of the PPP, up to the entire amount of principal and accrued interest of the PPP Loan may be forgiven to the extent that at least 75% of the PPP Loan proceeds are used for qualifying expenses as described in the CARES Act and applicable implementing guidance issued by the SBA under the PPP. Acquired Sales Corp. believes that Lifted has used at least 75% of the PPP Loan amount for designated qualifying expenses and Lifted plans to apply for forgiveness of the PPP Loan in accordance with the terms of the PPP. No assurance can be given that Lifted will obtain forgiveness of the PPP Loan in whole or in part. With respect to any portion of the PPP Loan that is not forgiven, the PPP Loan will be subject to customary provisions for a loan of this type, including customary events of default relating to, among other things, payment defaults, and breaches of the provisions of the Note.

Note 3 - Risks and Uncertaintie

Note 3 - Risks and Uncertainties	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block [Abstract]
Note 3 - Risks and Uncertainties	NOTE 3 - RISKS AND UNCERTAINTIES Going Concern – The Company’s investments in Ablis, Bendistillery and Bend Spirits made the Company a minority owner of these companies. As a minority owner, the Company is not able to recognize any portion of Ablis’, Bendistillery’s or Bend Spirits’ revenues or earnings in the Company’s financial statements. The Company monitors its investments in Ablis, Bendistillery and Bend Spirits, and from time to time and will evaluate whether there has been a potential impairment of value. The COVID-19 pandemic and its ramifications, combined with the expenses and potential liabilities associated with litigation involving Lifted, combined with the regulatory risks and uncertainties associated with the cannabinoid-infused products, vaping and nicotine products industries, combined with the risks associated with internet hacking or sabotage, combined with the risks of employee and/or independent contractor disloyalty or theft of Company information and opportunities, have created significant adverse risks to the Company, which have caused substantial doubt about the Company’s ability to continue as a going concern. Also, the Company has Preferred Stock outstanding that is currently accruing dividends at the rate of 3% per year. Also, the Company has not yet paid an aggregate of $350,000 of bonuses owed to its CEO Gerard M. Jacobs, and William C. "Jake" Jacobs, President and CFO, because it currently does not have the funds to do so, and an additional aggregate of $350,000 of bonuses owed to them have been deferred until on or after January 1, 2021. These aggregate of $700,000 of bonuses are due and payable upon demand. In addition, factors that could materially affect future operating results include, but are not limited to, changes to laws and regulations, especially those related to CBD, CBG, CBN, delta-8-THC, delta-9-THC, nicotine products, vaping, vendor concentration risk, customer concentration risk, customer credit risk, and counterparty risk. The Company maintains levels of cash in a bank deposit account that, at times, may exceed federally insured limits. The Company has not experienced any losses in such account and it believes it is not exposed to any significant credit risk on cash. No assurance or guarantee whatsoever can be given that the net income of the Company’s wholly-owned subsidiary Lifted Made will be sufficient to allow the Company to pay all of its operating expenses and the dividends accruing on the Company’s preferred stock. As a result, there is substantial doubt that the Company will be able to continue as a going concern. Bankruptcy of the Company at some point in the future is a possibility. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company currently has one revenue-generating subsidiary, Lifted Made. If and to the extent that the revenue generated by Lifted Made is not adequate to pay the Company’s operating expenses and the dividends accruing on its preferred stock, then Company management plans to sustain the Company as a going concern by taking the following actions: (1) acquiring and/or developing additional profitable businesses that will create positive income from operations; and/or (2) completing private placements of the Company’s common stock and/or preferred stock. Management believes that by taking these actions, the Company will be provided with sufficient future operations and cash flow to continue as a going concern. However, there can be no assurances or guarantees whatsoever that the Company will be successful in consummating such actions on acceptable terms, if at all. Moreover, any such actions can be expected to result in substantial dilution to the existing shareholders of the Company. Concentration of Credit Risks Regarding the purchases of raw goods and finished goods (“Supplies”), during the quarter ended December 31, 2020, approximately 75% of the Supplies that Lifted purchased were from seven vendors. During the period February 24, 2020 through December 31, 2020, approximately 61% of the Supplies that Lifted purchased were from five vendors. The loss of Lifted’s relationships with these vendors and customers could have a material adverse effect on Lifted’s business. In comparison, during the quarter ended September 30, 2020, one customer made up approximately 34% of Lifted Made’s sales. During the period February 24, 2020 through September 30, 2020, two customers made up approximately 35% of Lifted’s sales. Regarding the purchases of raw goods and finished goods (“Supplies”), during the quarter ended September 30, 2020, approximately 74% of the Supplies that Lifted purchased were from four vendors. During the period February 24, 2020 through September 30, 2020, approximately 51% of the Supplies that Lifted purchased were from two vendors. The loss of Lifted’s relationships with these vendors and customers could have a material adverse effect on Lifted’s business. Also in comparison, during the quarter ended June 30, 2020, one customer made up approximately 56% of Lifted’s sales, another customer made up approximately 29% of Lifted’s sales, and another customer made up approximately 19% of Lifted’s sales. During the period February 24, 2020 through June 30, 2020, one customer made up approximately 43% of Lifted’s sales, and another customer made up approximately 22% of Lifted’s sales, and a last customer made up approximately 15% of Lifted’s sales. Regarding the purchases of raw goods and finished goods (“Supplies”), during the quarter ended June 30, 2020, approximately 47% of the Supplies that Lifted purchased were from one vendor, and approximately 20% of the purchased Supplies were from another vendor. During the period February 24, 2020 through June 30, 2020, approximately 36% of the Supplies that Lifted purchased were from one vendor, and approximately 17% of the purchased Supplies were from another vendor. The loss of Lifted’s relationships with these vendors and customers could have a material adverse effect on Lifted’s business.

Note 4 - The Company's Investme

Note 4 - The Company's Investments	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Note 4 - The Company's Investments	NOTE 4 – THE COMPANY’S INVESTMENTS The Company’s Investments in Ablis, Bendistillery and Bend Spirits On April 30, 2019, the Company purchased 4.99% of the common stock of each of Ablis Holding Company, Bendistillery Inc., and Bend Spirits, Inc. for an aggregate purchase price of $1,896,200. The Company’s investments in Ablis, Bendistillery and Bend Spirits made the Company a minority owner of these companies. As a minority owner, the Company will not be able to recognize any portion of Ablis’, Bendistillery’s or Bend Spirits’ revenues or earnings in the Company’s financial statements. Pursuant to US GAAP, the Company is obligated to periodically review its investments in Ablis, Bendistillery and Bend Spirits. During the fourth quarter of each year, the Company typically obtains the financial statements of Ablis, Bendistillery and Bend Spirits, which typically have been reviewed by a third party accounting firm, and the Company performs an annual impairment assessment. The Company’s investments are valued at cost less impairment, pursuant to ASC 321. The reviewed financial statements of these companies are not audited, the Company is not active in the management of these companies, and except for these companies’ annual meeting of its Board of Directors, the Company’s assessment of these companies is inherently limited to infrequent and relatively brief conversations with officers of these companies and to reviews of those reviewed financial statements. On February 17, 2021, a telephonic meeting of the board of directors of Ablis, Bendistillery and Bend Spirits was held. During this meeting, the management of those companies reviewed the performance of Ablis, Bendistillery and Bend Spirits during calendar year 2020. Based upon the financial and non-financial information that was shared with Acquired Sales Corp. during that conference call, the management of Acquired Sales Corp. believes that no impairment of the value of Bendistillery, Bend Spirits or Ablis is warranted at this point in time. The information that was shared by the management of Ablis, Bendistillery and Bend Spirits included, among other things: a 17% increase in sales in 2020 compared to 2019 at Bendistillery, expansion of Bendistillery’s business from restaurants and bars to liquor stores, positive employee morale since none of Bendistillery’s sales team was laid off during the pandemic, new clients of Bend Spirits expected to come online in 2021, and positive sales trends during recent months at Ablis including more direct-to-consumer sales. Moreover, in Oregon, bars and restaurants opened up to 25% capacity on February 12, 2021; historically, most of Ablis’ sales have come from bars and restaurants. Also, a new 17,000 square foot building is being built at Bendistillery’s headquarters, and pasteurization, canning and packaging are expected to be brought in house once the building is operational later in 2021; by bringing pasteurization, canning and packaging in house, management expects to save manufacturing time and costs and to internalize the profits from those functions. Also, Ablis’ management finished re-branding the brand this year, has cut operational costs, is in the process of launching new functional beverages, and is in discussions with some multi-state distributors to distribute Ablis beverages. The Company’s Investment in Lifted Made The Company performed its annual fair value assessment at December 31, 2020 on the goodwill recognized as part of the acquisition of Lifted, and determined that no impairment was necessary. The factors that led the Company to this conclusion include, among other things: continued growth in sales and profitability quarter-over-quarter, the launch of first-to-market, ground-breaking new products, the addition of more and more wholesalers and distributors nationwide, and continued positive publicity of Lifted. Lifted has also been limited in its production capacity due to the size of its facility in Zion, Illinois. With Lifted’s anticipated move into a much larger facility located in Kenosha, Wisconsin, Lifted should be able to produce a greater quantity of products to meet demand. SmplyLifted LLC Acquired Sales Corp. and Lifted Made and privately-held SMPLSTC, Costa Mesa, CA ( www.SMPLSTCBD.com ) have created an equally-owned new entity called SmplyLifted LLC, which has begun selling non-tobacco nicotine pouches in several flavors and nicotine strengths under the brand name FR3SH ( www.GETFR3SH.com ). On September 22, 2020, SmplyLifted LLC was formed. Lifted has a 50% membership interest in SmplyLifted LLC.

Note 5 - Property and Equipment

Note 5 - Property and Equipment, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Note 5 - Property and Equipment, Net	NOTE 5 – PROPERTY AND EQUIPMENT, NET Property and Equipment consist of the following: Asset Class December 31, 2020 December 31, 2019 Machinery & Equipment $ 103,084 $ - Leasehold Improvements $ 42,381 $ - Furniture & Fixtures $ 4,288 Sub-total: $ 149,753 $ - Less: accumulated depreciation $ (14,361) $ - $ 135,392 $ - Estimated useful lives per asset class are: Asset Class Estimated Useful Life Machinery & Equipment 120 months Leasehold Improvements 48 months Furniture & Fixtures 60 months Depreciation expense of $14,995 was recognized during the year ended December 31, 2020. There was no depreciation recognized during the year ended December 31, 2019. As described in “ Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement

Note 6 - Notes Receivable

Note 6 - Notes Receivable	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block [Abstract]
Note 6 - Notes Receivable	NOTE 6 – NOTES RECEIVABLE SmplyLifted LLC At December 31, 2020, the Company had made interest-free loans to SmplyLifted LLC totaling $293,750, used primarily for the purchase of inventory. As of December 31, 2020, imputed interest receivable on the loans totaled $17. CBD Lion LLC On August 8, 2019, the Company made an unsecured $300,000 loan to Lion (the “Loan”) evidenced by a promissory note (the “Note”) in connection with the proposed Merger Agreement with Lion. Per the terms of the Note, if the Transaction did not close and the merger agreement were terminated, then the Loan was to be repaid by Lion to the Company in six equal monthly installments of principal, together with accrued interest at the rate of 6% per year, with the first such installment due and payable by Lion to the Company on the first day of the first calendar month following the termination of the merger agreement. The Merger Agreement was terminated by the Company on November 14, 2019 and the Note became payable. During December 2019, the principal of the Note was repaid by Lion down to $200,000, and Lion also paid the accrued interest on the Note of $6,945. Due to termination of the Merger Agreement, and per Section 5.15(b) of the Merger Agreement, as of December 31, 2019 the Company owed CBD Lion $31,500 for reimbursement of professional fees related to the audit of CBD Lion. This left Lion with a net balance owed to the Company of $168,500 as of December 31, 2019. On March 2, 2020, Lion and the Company agreed that the repayment of such $168,500 will be made in eleven equal monthly installments of principal due and payable by Lion to the Company on the first day of each calendar month starting on April 1, 2020, and that no additional interest will accrue. All such eleven payments have been made by Lion through February 1, 2021. During the quarter ended March 31, 2020, The Company wrote off as bad debt interest of $2,006 that was receivable from the CBD Lion for the period January 1, 2020 through March 1, 2020. The Company calculated imputed interest receivable of $2,112 from CBD Lion for the period March 2, 2020 through December 31, 2020. The William Noyes Webster Foundation, Inc. The Foundation, a non-profit Massachusetts corporation, has received a provisional registration from the Commonwealth of Massachusetts to own and operate a medical marijuana cultivation facility in Plymouth, Massachusetts, and a medical marijuana dispensary in Dennis, Massachusetts. Jane W. Heatley (“Heatley”) is the founder and a member of the board of directors of the Foundation. Teaming Agreement Promissory Note Between April and July 2015, the Company loaned an additional $135,350 to the Foundation, evidenced by the Note and secured by the Security Agreement. Following such additional loans, the principal of the loan from the Company to the Foundation, evidenced by the Note and secured by the Security Agreement, is now $737,850. The principal balance outstanding under the Note bore interest at the rate of 12.5% per annum, compounded monthly. It was contemplated that the first payment of accrued interest by the Foundation under the Note would be made as soon after the Foundation commences operations of the Plymouth Cultivation Facility and the Dennis Dispensary as the Foundation's cash flows shall reasonably permit, but in any event no later than one year after the Foundation commences operations. The principal of the Note would be payable in eight consecutive equal quarterly installments, commencing on the last day of the calendar quarter in which the Foundation commences operations. Principal on the Note and related accrued interest would be considered past due if the aforementioned payments were not received by their due dates. Uncollectable Note and Interest Receivable

Note 7 - Intangible Assets, Net

Note 7 - Intangible Assets, Net	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Note 7 - Intangible Assets, Net	NOTE 7 – INTANGIBLE ASSETS, NET www.LiftedMade.com Website The cost of developing Lifted’s website, www.LiftedMade.com, is being amortized over 32 months, and $1,390 in amortization related to the website was recognized between February 24, 2020 (the date of the Merger) through December 31, 2020. The Lifted Made Merger The terms of the Lifted Merger were as follows: · The Company acquired 100% of the ownership of Lifted for $3,750,000 in cash, plus note consideration (the "Promissory Note") of $3,750,000, plus 3,900,455 shares of unregistered common stock of the Company (the "Stock Consideration"), plus 645,000 shares of unregistered common stock of the Company that will constitute deferred contingent compensation to be issued and delivered to certain persons specified by Nicholas S. Warrender in a schedule delivered by Nicholas S. Warrender to the Company at the closing of the Merger (the "Deferred Contingent Stock"), plus warrants to purchase an aggregate of 1,820,000 shares of unregistered common stock of the Company at an exercise price of $5.00 per share that will be issued and delivered to certain persons specified by Nicholas S. Warrender in a schedule delivered by Nicholas S. Warrender to the Corporation at the closing of the Merger (the "Warrants"). · The Promissory Note, payable jointly by the Company and Lifted to Nicholas S. Warrender, is in the principal amount of $3,750,000. The Promissory Note is secured by all of the assets of the Company and Lifted, and by a pledge of all of the common stock of Lifted, Ablis, Bendistillery and Bend Spirits that are owned by the Company. The Promissory Note accrues interest at the rate of 2% annually, and has a term of five years, subject to mandatory partial prepayment using 50% of all capital raised by the Company other than capital raised in connection with two potential acquisitions in Wisconsin, and subject to mandatory full prepayment if and when Lifted achieves an aggregate post-Closing EBITDA of $7,500,000. Lifted will not be using any of the loan or grant money that Lifted has received from the SBA to make any payments on the Promissory Note payable jointly by the Company and Lifted to Nicholas S. Warrender. · The purpose of the 645,000 shares of unregistered common stock of Acquired Sales that constitutes the Deferred Contingent Stock is to incentivize certain persons whom Nicholas S. Warrender considers necessary to allow Lifted and the Company to succeed going forward. Among other persons, Nicholas S. Warrender designated as recipients of shares of the Deferred Contingent Stock certain employees of Lifted and William C. "Jake" Jacobs, the Company's President and CFO. The vesting of certain shares of the Deferred Contingent Stock is subject to certain terms and conditions, and if any of such terms and conditions are not met then any unvested Deferred Contingent Stock will be issued and delivered to Nicholas S. Warrender as additional Merger consideration, unless Nicholas S. Warrender agrees to an alternative allocation of such unvested Deferred Contingent Stock. · The purpose of the Warrants to purchase an aggregate of 1,820,000 shares of unregistered common stock of the Company at an exercise price of $5.00 per share is to incentivize certain persons whom Nicholas S. Warrender considers necessary to allow Lifted and the Company to succeed going forward. Among other persons, Nicholas S. Warrender designated as recipients of Warrants certain employees, officers and directors of Lifted and the Company. The vesting of certain of the Warrants will be subject to certain terms and conditions, and if any of such terms and conditions are not met then any unvested Warrants will be terminated or alternatively allocated to other employees of Lifted. · Nicholas S. Warrender was granted certain registration rights for the 3,900,455 shares of the Company’s unregistered common stock that he received in the Merger, pursuant to the terms and conditions of a Registration Rights Agreement. · Nicholas S. Warrender, the Company's President and CFO William C. “Jake” Jacobs, and the Company's Chairman and CEO Gerard M. Jacobs, who together as a group have stockholder and managerial control of the Company, entered into a Stockholders Agreement to vote in concert regarding the election of directors of the Company and on certain other matters. · The Company has entered into a long-term employment agreements with Nicholas S. Warrender, William C. "Jake" Jacobs, and Gerard M. Jacobs, pursuant to which each of them is entitled to $100,000 in base salary and an annual bonus stemming from the Company’s cash management bonus pool. · The effects of the Merger are that all assets, property, rights, privileges, immunities, powers, franchises, licenses, and authority of Warrender Enterprise Inc. d/b/a Lifted Made (formerly d/b/a Lifted Liquids) and Lifted have vested in Lifted as the surviving entity in the Merger, and all debts, liabilities, obligations, restrictions, and duties of Warrender Enterprise Inc. d/b/a Lifted Made (formerly d/b/a Lifted Liquids) have become the debts, liabilities, obligations, restrictions, and duties of Lifted as the surviving entity in the Merger. Lifted is operating as a wholly-owned subsidiary of the Company. · The articles of incorporation of Lifted are the articles of incorporation of the surviving entity in the Merger, and the by-laws of Lifted are the by-laws of the surviving entity of the Merger. · Upon the Closing of the Merger, the authorized number of directors of the Corporation was increased from seven to nine. The Corporation’s directors currently consist of eight persons following the election of a new board of directors and the subsequent resignation of Michael D. McCaffrey: Gerard M. Jacobs, JD (Chairman), Nicholas S. Warrender (Vice Chairman), Vincent J. Mesolella (Lead Outside Director), Joshua A. Bloom, MD, James S. Jacobs, MD, Richard E. Morrissy, Kevin J. Rocio, and Robert T. Warrender II. · Upon the Closing of the Merger, the officers of the Corporation are as follows, each to hold office until his successor is duly elected or appointed and qualified or until his earlier death, resignation, or removal in accordance with applicable Law: Gerard M. Jacobs, JD - Chairman, CEO and Secretary; William C. "Jake" Jacobs, CPA - President, CFO and Treasurer; and Nicholas S. Warrender - Vice Chairman and Chief Operating Officer. Source of Funds for the Lifted Merger The source of funds for the $3,750,000 cash component of the acquisition of Lifted was proceeds from previous sales of Acquired Sales Corp.’s Series A Convertible Preferred Stock (convertible at $1 per share of common stock of the Company) and Series B Convertible Preferred Stock (convertible at $5 per share of common stock of the Company). We anticipate that the source of funds to repay the $3,750,000 Promissory Note component of the acquisition of Lifted will be proceeds from future sales of Acquired Sales Corp.’s equity securities, and revenue from Lifted's business. Professional costs in connection with the Merger were paid using cash on hand that was sourced from previous sales of Acquired Sales Corp.’s Series A Convertible Preferred Stock and Series B Convertible Preferred Stock. Post-Merger Shareholder Rights and Accounting Treatment of the Merger There are no material differences in the rights of the Company’s shareholders as a result of the Merger, as the nature of the shares of common stock of the Company has not changed due to the Merger. However, there has been stockholder dilution with additional shares and warrants outstanding. As of the date of acquisition (February 24, 2020), the Merger was considered a business combination. The accounting treatment of the Merger is that the Company is deemed to be the accounting acquirer of Lifted, and Lifted is deemed to be the accounting acquiree, under the acquisition method of accounting. The Application of Accounting Guidance to the Merger Quoted below are the accounting standards codification guidance relating to the accounting treatment of the Company’s acquisition of Lifted as of the date of Merger, followed by the Company’s comments regarding the application of that guidance to the Merger: Guidance: 1. a. The relative voting rights in the combined entity after the business combination. The acquirer usually is the combining entity whose owners as a group retain or receive the largest portion of the voting rights in the combined entity. In determining which group of owners retains or receives the largest portion of the voting rights, an entity shall consider the existence of any unusual or special voting arrangements and options, warrants, or convertible securities.” The Company’s Comments: Guidance: 2. b. The existence of a large minority voting interest in the combined entity if no other owner or organized group of owners has a significant voting interest. The acquirer usually is the combining entity whose single owner or organized group of owners holds the largest minority voting interest in the combined entity.” The Company’s Comments: Guidance: 3. c. The composition of the governing body of the combined entity. The acquirer usually is the combining entity whose owners have the ability to elect or appoint or to remove a majority of the members of the governing body of the combined entity.” The Company’s Comments: The pre-closing directors of the Company had seven seats on the Board of Directors of the combined entity, and Nicholas S. Warrender and his nominee Kevin J. Rocio received only two seats. In addition, the stockholders agreement between Nicholas S. Warrender, Gerard M. Jacobs and William C. Jacobs effectively prevents Nicholas S. Warrender from taking control over the Board of Directors of the combined entity post-closing. The foregoing analysis suggests that the Company should be considered the accounting acquirer in the Merger. Guidance: 4. d. The composition of the senior management of the combined entity. The acquirer usually is the combining entity whose former management dominates the management of the combined entity.” The Company’s Comments: The pre-closing officers of the Company continue to serve as the Company’s Chairman, CEO, President, CFO, Treasurer and Secretary. The only additional officer role is that of Nicholas S. Warrender, who now serves as the Company’s Vice Chairman and COO. The foregoing analysis suggests that the Company should be considered the accounting acquirer in the Merger. Guidance: 5. e. The terms of the exchange of equity interests. The acquirer usually is the combining entity that pays a premium over the precombination fair value of the equity interests of the other combining entity or entities.” The Company’s Comments: are losing money and nevertheless are enjoying market capitalizations that are massively higher than the consideration that the Company paid to acquire Lifted. However, Lifted has historically been involved in the vaping and e-liquids industry, and it is unclear what discount to fair value should be attributed to that involvement. The foregoing analysis does not assist us in reaching any conclusion as to which entity should be considered the accounting acquirer in the Merger. Guidance: -13 The acquirer usually is the combining entity whose relative size (measured in, for example, assets, revenues, or earnings) is significantly larger than that of the other combining entity or entities.” The Company’s Comments: In terms of assets, prior to the closing, the Company’s cash on hand of over $4 million significantly exceeded Lifted’s assets. On the other hand, Lifted’s revenues and earnings significantly exceed the Company’s revenue and earnings. This analysis does not assist us in reaching any conclusion as to which entity should be considered the accounting acquirer in the Merger. Guidance: 55-14 In a business combination involving more than two entities, determining the acquirer shall include a consideration of, among other things, which of the combining entities initiated the combination, as well as the relative size of the combining entities, as discussed in the preceding paragraph.” The Company’s Comments: This consideration is not applicable as the Merger of the Company and Lifted did not involve more than two entities. Guidance: 55-15 A new entity formed to effect a business combination is not necessarily the acquirer. If a new entity is formed to issue equity interests to effect a business combination, one of the combining entities that existed before the business combination shall be identified as the acquirer by applying the guidance in paragraphs 805-10-55-10 through 55-14. In contrast, a new entity that transfers cash or other assets or incurs liabilities as consideration may be the acquirer.” The Company’s Comments: This consideration is not applicable as the Company and Lifted are not structuring a business combination. Conclusion Based on the foregoing analysis of the facts surrounding the Company’s acquisition of Lifted, it is the Company’s position that the Company is the accounting acquirer of Lifted in the Merger, and Lifted is the accounting acquiree in the Merger, under the acquisition method of accounting. As such, as of February 24, 2020 (the acquisition date), the Company recognized, separately from goodwill, the identifiable assets acquired and the liabilities assumed in the Merger. The federal income tax consequences of the Merger are as follows: the transaction is expected to be booked as a tax-free exchange of stock pursuant to Internal Revenue Code Section 368, resulting in no federal income tax consequences of the stock portion of the transaction. Purchase Price Allocation The following table presents the purchase price allocation: Consideration: Cash and cash equivalents $ 3,750,000 Note consideration $ 3,750,000 3,900,455 shares of unregistered common stock of the Company valued as of January 7, 2020 (date of entering into the Agreement and Plan of Merger) $ 10,726,251 Warrants to purchase an aggregate of 1,820,000 shares of unregistered common stock of the Company at an exercise price of $5.00 per share $ 4,980,150 Total merger consideration $ 23,206,401 Assets acquired: Cash and cash equivalents $ 619,390 Accounts Receivable $ 341,387 Inventory $ 267,474 Loan to Shareholder $ 9,000 Fixed Assets $ 80,003 Intangible Assets $ 4,444 Security Deposit $ 1,600 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $20,010 in 2020 and $17,336 in 2019 $ 23,346 Goodwill $ 22,292,767 Total assets acquired $ 23,639,411 Liabilities assumed: Accounts Payable and Accrued Expenses $ 345,075 Operating Lease Liability $ 15,569 Deferred Revenue $ 64,696 Non-Current Operating Lease Liability $ 7,670 Total Liabilities assumed $ 433,010 Net Assets Acquired: $ 23,206,401 Net Assets Acquired (Excluding Goodwill): $ 913,634 Determination of the Fair Value of the Shares of Common Stock and Warrants Issued as Part of the Merger Consideration The Company determined the fair value of the shares of common stock issued on February 24, 2020 as part of the Merger Consideration by multiplying the stock closing price on January 7, 2020 ($2.75) by the number of common stock shares issued (3,900,455) in the Merger. January 7, 2020 was the date of entering into the Agreement and Plan of Merger. The Company determined the fair value of the warrants issued on February 24, 2020 as part of the Merger Consideration by using the Black-Scholes valuation model, which incorporated the following assumptions: expected future stock volatility 362%; risk-free interest rate of 1.55%; dividend yield of 0% and an expected term of 2.57 years. The expected future stock volatility was based on the historical volatility of Acquired Sales Corp.’s common stock price per share. The risk-free interest rate was based on the U.S. Federal treasury rate for instruments due over the expected term of the warrants. The expected term of each warrant was based on the midpoint between the date the warrant vested and the contractual term of the warrant. The values of the warrants were considered part of the Merger consideration. Allocation of Purchase Price to Goodwill The Company’s primary motivation for acquiring Lifted was to secure the exclusive services of Nicholas S. Warrender. Mr. Warrender founded Lifted in 2014 with $900, and since its inception has done a masterful job staying ahead of industry trends, navigating industry challenges and launching innovative, advanced branded products before competitors launched their branded products. Mr. Warrender is focused and relentless, and attracts many people who like his energy and creativeness and want to do business with him. In the Company’s opinion, Lifted’s customers do business with Lifted primarily because of Mr. Warrender; and, at the time of the Merger, Mr. Warrender was the only full time employee handling sales for Lifted. There were no other material identifiable intangible assets that were considered appropriate for recognition at the time of close. In a very significant sense, Lifted is Mr. Warrender, and Mr. Warrender is Lifted. This is why the Company recognized $22,292,767 of the total acquisition consideration paid in the Merger as being goodwill. Annual Fair Value Assessment on the Goodwill Recognized as Part of the Acquisition of Lifted The Company performed its annual fair value assessment at December 31, 2020 on the goodwill recognized as part of the acquisition of Lifted, and determined that no impairment was necessary. The factors that led the Company to this conclusion include, among other things: continued growth in sales and profitability quarter-over-quarter, the launch of first-to-market, ground-breaking new products, the addition of more and more wholesalers and distributors nationwide, and continued positive publicity of Lifted. Lifted has also been limited in its production capacity due to the size of its facility in Zion, Illinois. With Lifted’s anticipated move into a much larger facility located in Kenosha, Wisconsin, Lifted should be able to produce a greater quantity of products to meet demand.

Note 8 - Related Party Transact

Note 8 - Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Note 8 - Related Party Transactions	NOTE 8 – RELATED PARTY TRANSACTIONS Commissions Paid Vincent J. Mesolella During the year ended December 31, 2020, Vincent J. Mesolella, Acquired Sales Corp.’s lead outside director, was paid commissions totaling $172, in connection with the sale of Lifted product arranged by him. Shipping Costs Lifted shares a shipping account with a company operated by Nicholas S. Warrender’s father, Robert T. Warrender II, who is also a member of the board of directors of Acquired Sales Corp. Lifted does this in an effort to reduce shipping costs, as the shipper gives a price discount based on volume. Lifted reimburses Robert T. Warrender II for the cost of shipping. From February 24, 2020 (the date of closing on the acquisition of Lifted) through December 31, 2020, Lifted reimbursed Robert T. Warrender II $39,569 in shipping costs. Amounts Owed to Related Parties Amounts Owed to Gerard M. Jacobs At December 31, 2020, there was a management bonus payable of $250,000 owed to the Company's CEO Gerard M. Jacobs; there were no other payables owed to Gerard M. Jacobs. At December 31, 2019, there were no expense reimbursements owed to Gerard M. Jacobs. At December 31, 2019, there was a prepaid consulting fee of $7,500 paid to Gerard M. Jacobs. Amounts Owed to William C. “Jake” Jacobs At December 31, 2020, there was a management bonus payable of $100,000 owed by Acquired Sales Corp. to William C. “Jake” Jacobs. In comparison, at December 31, 2019, there were no independent contractor fees or expense reimbursements owed to William C. Jacobs. William C. Jacobs is the son of Gerard M. Jacobs, Chief Executive Officer of Acquired Sales Corp., and the nephew of director James S. Jacobs. Also at December 31, 2020, there was $12 in expense reimbursements owed by SmplyLifted LLC to William C. “Jake” Jacobs. Amounts Owed to Nicholas S. Warrender On February 24, 2020 we closed on the acquisition of 100% of the ownership of CBD-infused products maker Warrender Enterprise Inc. d/b/a Lifted Made (formerly d/b/a Lifted Liquids) of Zion, Illinois (the “Merger”), for consideration of (1) $3,750,000 in cash, (2) $3,750,000 in the form of a secured promissory note, (3) 3,900,455 shares of unregistered common stock of the Company (the "Stock Consideration"), (4) 645,000 shares of unregistered common stock of the Company that constitute deferred contingent compensation to be issued and delivered to certain persons specified by Nicholas S. Warrender in a schedule delivered by Nicholas S. Warrender to the Company at the closing of the Merger (the "Deferred Contingent Stock"), and (5) warrants to purchase an aggregate of 1,820,000 shares of unregistered common stock of the Company at an exercise price of $5.00 per share that will be issued and delivered to certain persons specified by Nicholas S. Warrender in a schedule delivered by Nicholas S. Warrender to the Company at the closing of the Merger (the "Warrants"). As such, as of December 31, 2020, in addition to the Promissory Note of $3,750,000 owed to Nicholas S. Warrender, there was also related interest payable of $64,110 owed to Nicholas S. Warrender. Interest on the Promissory Note shall be 2% per year. The maturity date of the Promissory Note is the earlier of (a) the date which is 30 days after the last day of the calendar quarter during which Lifted's aggregate EBITDA (aggregate earnings before interest, taxes, depreciation and amortization) since the Closing Date of the Merger exceeds $7.5 million, or (b) the date which is the fifth anniversary of the closing date of the Merger. The Promissory Note shall have mandatory prepayments, subject to certain limitations, within five business days following the closing of any equity or debt capital raise by the Company or Lifted following the date of the Merger Agreement wherein Mr. Warrender is entitled to be paid at least 50% of the net proceeds of such capital raise toward a prepayment of the principal and accrued interest on the Promissory Note, excluding only the capital raise for the potential Wisconsin Acquisitions referred to in Section 5.23(a) of the Merger Agreement. See “Obligation to Pursue Two Opportunities” The Promissory Note is secured by (a) a first lien security interest in all of the assets of the Company and Lifted; and (b) a pledge of: (i) all of the capital stock of Lifted; (ii) all of the common stock of Bendistillery, Bend Spirits and Ablis that is owned by the Company; and (iii) all of the capital stock of any other entity owned by the Company, Lifted or any of their subsidiaries, pursuant to a Collateral Stock Pledge Agreement between Mr. Warrender, as Secured Party, and the Company and Lifted, as Pledgors. Transactions with Corner Vapory Nicholas S. Warrender is a 50% owner Corner Vapory, a vape shop, located in Kenosha, Wisconsin. During the year ended December 31, 2020, Corner Vapory purchased $10,264 worth of products from Lifted. Corner Vapory is provided distributor pricing, similar to many other individual vape shops that are customers of Lifted. Transactions with Canna Vita Nicholas S. Warrender is a 50% owner in Canna Vita, a CBD shop, located in Kenosha, Wisconsin. During the year ended December 31, 2020, Canna Vita purchased $8,939 worth of products from Lifted, and Lifted recorded a receivable of $1,839 from Canna Vita as of December 31, 2020. Canna Vita is provided distributor pricing, similar to many other individual vape shops that are customers of Lifted. Financing Warrants As of December 31, 2018, a total of $30,791 had been borrowed by AQSP on such terms, and warrants to purchase 25,000 shares of common stock of AQSP had been issued to Joshua A. Bloom and warrants to purchase 12,500 shares of common stock of AQSP had been issued to Gerard M. Jacobs. These loans were fully repaid by the Company on March 13, 2019. The warrants to purchase common stock that were issued to Joshua A. Bloom and Gerard M. Jacobs on July 16, 2018 and July 18, 2018 were valued using the Black-Scholes valuation model as of the date they were issued. The values of these warrants were fully expensed because the notes were payable upon demand. The expense recognized related to the issuance of the warrants to Joshua A. Bloom on July 16, 2018 was $3,250. Gerard M. Jacobs’ warrants were issued to him on July 18, 2018, and the expense recognized related to the issuance of these warrants was $1,300. The warrants to purchase common stock that were issued to Gerard M. Jacobs on November 8, 2018, and to Joshua A. Bloom on November 12, 2018, were valued using the Black-Scholes valuation model, which incorporated the following assumptions: expected future stock volatility 465%; risk-free interest rates of 2.98% and 2.94%, respectively; dividend yield of 0% and an expected terms of 2.38 years and 2.37 years, respectively. The expected future stock volatility was based on the volatility of Acquired Sales Corp.’s historical stock prices. The risk-free interest rate was based on the U.S. Federal treasury rate for instruments due over the expected term of the warrants. The expected term of each warrant was based on the midpoint between the date the warrant vests and the contractual term of the warrant. The values of the warrants were fully expensed as of the date of issuance because they are payable upon demand. The expense recognized related to the issuance of the warrants to Gerard M. Jacobs on November 8, 2018 was $11,250. The expense recognized related to the issuance of the warrants to Joshua A. Bloom on November 12, 2018 was $21,874.

Note 9 - Distributions to Nicho

Note 9 - Distributions to Nicholas S. Warrender	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Note 9 - Distributions to Nicholas S. Warrender	NOTE 9 – DISTRIBUTIONS TO NICHOLAS S. WARRENDER Stock Buy-back Transactions with a Non-Affiliate Stockholder On November 24, 2020, Acquired Sales Corp. purchased 36,000 shares of common stock of the Company from a non-affiliate stockholder in a private transaction for $0.95 per share for a total of $34,200. These shares are held in treasury. Distributions to Nicholas S. Warrender to Cover the Income Taxes Owed by Nicholas S. Warrender in Regard to the Net Income of Lifted Prior to February 24, 2020 Pursuant to Section 5.11 of the Agreement and Plan of Merger by and among the Company, Lifted, Gerard M. Jacobs, William C. Jacobs, Warrender Enterprise Inc. and Nicholas S. Warrender dated January 7, 2020, certain Estimated Tax Distributions were to be made to Nicholas S. Warrender to cover estimated income tax obligations of Nicholas S. Warrender in regard to the net income of Warrender Enterprise Inc. during 2019 and during the short taxable year commencing on January 1, 2020 and ending on February 23, 2020, the date before the closing date of the Merger. The parties orally agreed that these Estimated Tax Distributions would be made to Nicholas S. Warrender as promptly as feasible following the closing date. On March 6, 2020, Lifted distributed a total of $193,767 of Estimated Tax Distributions based upon good faith estimates of such federal and state income tax obligations of Nicholas S. Warrender calculated by a third party tax preparation firm.

Note 10 - Shareholders' Equity

Note 10 - Shareholders' Equity	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block [Abstract]
Note 10 - Shareholders' Equity	NOTE 10 – SHAREHOLDERS’ EQUITY Cancellation of Shares of Common Stock Prior to the closing of the Purchase, Ghourdjian and the Ghourdjian Trust orally expressed uncertainty as to whether or not certain of the Shares totaling 166,888 shares (the "166,888 Shares") had already been orally sold by Ghourdjian and the Ghourdjian Trust to a third party. With Ghourdjian and the Ghourdjian Trust being unable to find any evidence of such a sale of the 166,888 Shares but also being unable to locate the physical stock certificates evidencing the 166,888 Shares, the Settlement Agreement was written so that the Company purchased from Ghourdjian and the Ghourdjian Trust all of the Shares owned by Ghourdjian or by the Ghourdjian Trust, and stipulated that the aggregate number of the Shares without the 166,888 Shares was a minimum of 690,796 shares (the "690,796 Shares"). At the closing of the Purchase, the Company paid $50,000 for the Shares and Ghourdjian and the Ghourdjian Trust delivered to the Company certificates evidencing the 690,796 Shares. The 166,888 Shares continued to be shown on the books of Colonial Stock Transfer ("Colonial") as being owned by Ghourdjian and the Ghourdjian Trust. On April 2, 2020 the 166,888 Shares were cancelled. Issuance of Series A Convertible Preferred Stock The Company has authorized 400,000 shares of its Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock may be converted into 100 shares of common stock. The Series A Convertible Preferred Stock accrues dividends at the rate of 3% annually. The accrued Series A Convertible Preferred Stock dividends are cumulative. The Series A Convertible Preferred Stock dividends shall cease to accrue at such time as the Company’s Common Stock has closed at $3.00 per share or higher for 20 consecutive trading days after the first date that the Series A Registration Statement is effective, and there have been, on average, at least 25,000 shares traded on each of those 20 consecutive trading days. The Series A Convertible Preferred Stock have no voting rights. The holders of the Series A Convertible Preferred Stock shall have voluntary Between February 27, 2019 and May 13, 2019, the Company accepted subscriptions from accredited investors to purchase 66,150 shares of newly issued Series A Convertible Preferred Stock for an aggregate purchase price of $6,615,000 in cash. These 66,150 shares of Series A Convertible Preferred Stock are convertible at the option of the holders into 6,615,000 shares of newly issued common stock of the Company, or $1.00 per share of common stock of the Company. On August 2, 2019, the Company filed a Form S-1 Series A Registration Statement covering the shares of newly issued common stock of the Company into which the Preferred Stock can be converted. The Series A Registration Statement has not yet been approved by the SEC. As of December 31, 2020, the Company has accrued a liability of $145,561 as dividends payable to holders of the Series A Convertible Preferred Stock. The Company fully intends on paying the annual dividends to the holders of the Series A Convertible Preferred Stock, and as such, the Company has accrued the liability on the Series A Convertible Preferred Stock. Issuance of Series B Convertible Preferred Stock The Company has authorized 5,000,000 shares of its Series B Convertible Preferred Stock. Each share of Series B Convertible Preferred Stock may be converted into one shares of common stock. The Series B Convertible Preferred Stock accrues dividends at the rate of 3% annually. The accrued Series B Convertible Preferred Stock dividends are cumulative. The Series B Convertible Preferred Stock dividends shall cease to accrue at such time as the Company’s Common Stock has closed at $7.00 per share or higher for 20 consecutive trading days after the first date that the Series B Registration Statement is effective, and there have been, on average, at least 25,000 shares traded on each of those 20 consecutive trading days. The Series B Convertible Preferred Stock have no voting rights. The holders of the Series B Convertible Preferred Stock shall have voluntary conversion rights. Shares of Series B Convertible Preferred Stock are subject to mandatory conversion (in the discretion of the Company) at such time as the Company’s common stock has closed at $9.00 per share or higher for 20 consecutive trading days after the first date that the Series B Registration Statement is effective, and there have been, on average, at least 50,000 shares traded on each of those 20 consecutive trading days. Between July 24, 2019, and December 5, 2019, the Company accepted subscriptions from accredited investors to purchase 100,000 shares of newly issued Series B Convertible Preferred Stock for an aggregate purchase price of $500,000 in cash. These 100,000 shares of Series B Convertible Preferred Stock are convertible at the option of the holders into 100,000 shares of newly issued common stock of the Company, or $5.00 per share of common stock of the Company. As of December 31, 2020, the Company has accrued a liability of $5,782 as dividends payable to holders of the Series B Convertible Preferred Stock. The Company fully intends on paying the annual dividends to the holders of the Series B Convertible Preferred Stock, and as such, the Company has accrued the liability on the Series B Convertible Preferred Stock. Share-Based Compensation The following is a summary of share-based compensation, stock option and warrant activity as of December 31, 2020 and changes during the year then ended: Weighted-Average Aggregate Weighted-Average Remaining Contractual Intrinsic Shares Exercise Price Term (Years) Value Exercisable Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, December 31, 2019 2,992,869 (1) $ 0.97 3.47 $ 4,570,144 Warrants to Purchase Common Stock Issued in the Lifted Made merger during Q1 2020 (Currently Exercisable) 1,075,000 (1) Warrants to Purchase Common Stock Issued in the Lifted Made merger during Q1 2020 (not Currently Exercisable) 745,000 Warrants Issued to GJacobs and WJacobs during Q1 2020 (Currently Exercisable) 475,000 (1) Options Exercised During Q4 2020 25,000 (2) Exercisable Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants Outstanding, December 31, 2020 Sum of (1)s less (2) = 4,517,869 $ 2.37 3.93 $ 8,052,912 Outstanding Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, December 31, 2020 6,512,869 $ 2.57 3.97 $ 10,365,412 Upon the execution of Gerard M. Jacobs’ employment agreement on February 24, 2020, the terms of Gerard M. Jacobs’ stock options granted by the Company to purchase shares of common stock of the Company which were set to expire on November 4, 2020 and September 29, 2021 were extended so that all of such stock options may be exercised by Gerard M. Jacobs at any time on or before December 31, 2024. Gerard M. Jacobs owns 471,698 options that were originally set to expire on November 4, 2020, and 605,000 options that were originally to expire on September 29, 2021; the expiration dates for all of these options were extended to December 31, 2024. Share-Based Compensation in 2019 During the year ended December 31, 2019, we issued warrants to purchase a total of 416,942 unregistered shares of our common stock at $1.00 per share to our investment bankers and finders. Using the Black-Scholes valuation model for each issuance, we recorded total share-based compensation expense of $874,154 for the issuances of these warrants.

Note 11 - Contingent Contractua

Note 11 - Contingent Contractual Obligations and Commercial Commitments	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block [Abstract]
Note 11 - Contingent Contractual Obligations and Commercial Commitments	NOTE 11 – CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS Operating Lease Right-of-Use Asset Lifted does not own any physical properties. Lifted’s corporate office, manufacturing facility and warehouse is located in Zion, Illinois, where Lifted has rented 3,300 square feet of space under a lease that terminates June 1, 2021. Lifted is currently temporarily using additional space located adjacent to its rented space and is making a monthly payment of $2,200 in lieu of rent therefor. As the Company's lease does not provide an implicit rate, the Company used an incremental borrowing rate based on the information provided by a banker in determining the present value of lease payments. The discount rate used in the computations was 5.5%. Balance Sheet Classification of Operating Lease Assets and Liabilities Asset Balance Sheet Line December 31, 2020 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $35,650 in 2020 Non-Current Assets $ 7,705 Liability Balance Sheet Line December 31, 2020 Current Operating Lease Liability Current Liabilities $ 7,670 Lease Cost The table below summarizes the components of lease costs for the period ended December 31, 2020: December 31, 2020 Operating lease costs for October-December 2020. Please note: as described in Note 3, a portion of monthly overhead costs such as this rent are allocated to finished goods. Utility costs such as this rent are included in the total Selling, General and Administrative Expenses account. $ 4,800 Maturities of lease liabilities as of December 31, 2020 are as follows: Remaining lease payments in 2020 $ - Less: Interest for remaining 2020 fiscal year $ - Present value of lease liabilities $ - Minimum payments from January 1, 2021 through the end of the lease on June 1, 2021 total $8,000. Payment of Finders’ Fees Related to Ablis The Company has agreed to pay finders’ fees to two finders in regard to the potential purchase of an additional 15% of the stock of Ablis. The Company has agreed to pay those two finders additional warrants to purchase shares of common stock of the Company at an exercise price of $1 per share exercisable at any time on or before April 30, 2024; in the event that the Company closes on the purchase of up to an additional 15% of the common stock of Ablis, then the total amount of such warrants will be 2,814 unregistered shares of common stock of AQSP at an exercise price of $1 per share for each additional one percent of Ablis’ common stock so purchased (a maximum issuance of warrants to purchase an aggregate of 42,210 unregistered shares of common stock of the Company at an exercise price of $1 per share). Previously, on April 30, 2019, the Company issued warrants to purchase 14,042 unregistered shares of common stock of the Company, issued to the two finders (7,021 warrants were issued to each finder) in regard to the purchase of 4.99% of the stock of Ablis. Using the Black-Scholes valuation model, these warrants were valued and expensed as being worth $40,708. Payment of Brokers’ Fees Related to the Sale of Preferred Stock The Company has committed to pay brokers’ fees in regard to the capital being raised for the Company by such brokers in the Company’s private placements of preferred stock, such fee to consist of warrants to purchase unregistered shares of common stock of the Company at an exercise price equal to the conversion price per share of such preferred stock, exercisable at any time during a five year period; the number of such shares will be calculated as six percent of the aggregate capital raised by such brokers in the private placement of preferred stock divided by the conversion price per share of such preferred stock. In 2019, warrants to purchase 402,900 unregistered shares of common stock of the Company were issued to these brokers. Using the Black-Scholes valuation model, these warrants were valued and expensed as being worth $833,446. Potential Issuance of Warrants to Purchase Shares of Common Stock of the Company The Compensation Committee of the Company's Board of Directors may, from time to time, recommend that certain warrants to purchase shares of common stock of the Company should be issued to new or current members of the Company’s Board of Directors, to officers and employees of the Company and its subsidiaries, or to members of any advisory board or consultants to the Company. Amounts Payable to Gerard M. Jacobs and William C. Jacobs Gerard M. Jacobs has not historically received cash compensation, and, historically, the Company’s President and CFO William C. “Jake” Jacobs has worked for $5,000 per month. As described in the current report on Form 8-K, and its exhibit, filed with the SEC on or about June 25, 2019, the Company entered into a Compensation Agreement dated as of June 19, 2019, with our CEO Gerard M. Jacobs and our President and CFO William C. "Jake" Jacobs. The material terms of the Compensation Agreement can be summarized as follows: (1) Starting during June 2019 until the closing of the Lifted Merger on February 24, 2020, we paid Gerard M. Jacobs and William C. "Jake" Jacobs consulting fees of $7,500 and $5,000 per month, respectively. Upon the closing of the Lifted Merger, we entered into Executive Employment Agreements with Gerard M. Jacobs and William C. "Jake" Jacobs as described in the section above entitled "Executive Employment Agreements"; (2) The closing of the Lifted Merger triggered obligations of the Company to pay cash bonuses to the Company's CEO Gerard M. Jacobs and the to the Company's President and CFO William C. "Jake" Jacobs of $250,000 and $100,000, respectively, which bonuses have not yet been paid. (3) Upon demand by Gerard M. Jacobs and William C. Jacobs on or after January 1, 2021, or the first date when we have raised a total of at least $15 million after January 1, 2019, we will pay Gerard M. Jacobs and William C. "Jake" Jacobs cash bonuses of $250,000 and $100,000, respectively; (4) Upon the earlier of December 1, 2021, or the first date when we have raised a total of at least $25 million after January 1, 2019, we will pay Gerard M. Jacobs and William C. "Jake" Jacobs cash bonuses of $250,000 and $100,000, respectively; (5) The terms of Gerard M. Jacobs' stock options granted by us to purchase shares of common stock of AQSP which were set to expire (unless previously exercised) during November 2020 or during September 2021, respectively, have been extended so that all of such stock options may be exercised by Gerard M. Jacobs at any time on or before December 31, 2024; (6) We granted to Gerard M. Jacobs and to William C. "Jake" Jacobs so-called "tag along" registration rights for all of our shares owned by Gerard M. Jacobs, by William C. "Jake" Jacobs, or by any of their respective affiliates, and for all of our shares issuable to Gerard M. Jacobs, to William C. "Jake" Jacobs, or to any of their respective affiliates upon the exercise of his or their options or warrants to purchase shares of common stock of Acquired Sales; and (7) We issued to Gerard M. Jacobs and William C. "Jake" Jacobs five-year warrants containing a "cashless exercise" feature giving Gerard M. Jacobs and William C. "Jake" Jacobs (or his designee(s)) the right to purchase 250,000 and 225,000 shares, respectively, of common stock of Acquired Sales exercisable at $5.00 per share. Commissions on Sales Lifted has agreed to pay up to 7% commissions to certain individuals, some of whom are affiliated with the Company and some of whom are relatives of affiliates of the Company, in connection with certain sales of Lifted’s products. Commissions are based upon the total purchase prices paid by the referrers’ customers, excluding shipping costs and any governmentally imposed taxes and fees, all of which must be paid by the referrers’ customers. Some of these agreements extend through December 31, 2040, and one extends through December 31, 2025. Commissions are paid on each purchase order of Lifted products received from and paid for by the referrers’ customers. In the Consolidated Statements of Operations, these commissions are included in the “Payroll, Consulting and Independent Contractor” totals. As mentioned in NOTE 9 – RELATED PARTY TRANSACTIONS

Note 12 - Legal Proceedings

Note 12 - Legal Proceedings	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Note 12 - Legal Proceedings	NOTE 12 – LEGAL PROCEEDINGS The Company may be involved in certain legal proceedings that arise from time to time in the ordinary course of its business. Except for income tax contingencies, the Company records accruals for contingencies to the extent that management concludes that the occurrence is probable and that the related amounts of loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. Lifted currently is involved in one pending lawsuit, as the defendant: (1) Martha, Edgar v. Lifted Liquids – During 2020, Lifted entered into settlement agreements that were mutually acceptable to the parties which have resolved the following four lawsuits: (1) Mile High Labs, Inc., Plaintiff, v. Warrender Enterprise, Inc. d/b/a Lifted Liquids, Defendant (United States District Court for the District of Colorado (2) Accelerated Analytical, Inc., et al. v. Lifted Liquids, Inc. d/b/a Lifted Made, et al. (3) Lifted Liquids, Inc., Plaintiff, v. Luxvoni LLC d/b/a Luxvoni Marketing Solutions; Does I through X, inclusive; and Roe Business Entities I through X, inclusive, Defendants (United States District Court for Clark County, Nevada; Civil Case No. A-20-817416-C) (4) Warrender Enterprise, Inc. d/b/a Lifted Liquids, a Wisconsin corporation, Plaintiff, v. Merkabah Labs, LLC, a Colorado limited liability company; Merkabah Technologies, LLC, a Colorado limited liability company; Ryan Puddy, an individual; and Ralph L. Taylor III, an individual, Defendants (United States District Court for the District of Colorado; Civil Action No. 1:20-cv-00155-SKC) As a result of the settlement agreements, the Company incurred aggregate settlement costs of $97,000.

Note 13 - Income Taxes

Note 13 - Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Note 13 - Income Taxes	NOTE 13 – INCOME TAXES On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act reduced the U.S. federal statutory tax rate, broadened the corporate tax base through the elimination or reduction of deductions, exclusions, and credits, limited the ability of U.S. corporations to deduct interest expense, and transitioned to a territorial tax system which allows for the repatriation of foreign earnings to the U.S. with a 100% federal dividends received deduction prospectively. In addition, the Tax Act required a one-time transitional tax on foreign cash equivalents and previously unremitted earnings. Several of the new provisions enacted as part of the Tax Act require clarification and guidance from the U.S. Internal Revenue Service (“IRS”) and Treasury Department. These or other changes in U.S. tax laws could impact our profits, effective tax rate, and cash flows. During the years ended December 31, 2020 and 2019, the Company did not incur any current tax on its continuing operations and there was no deferred tax provision or benefit from continuing operations. At December 31, 2020, the Company has total U.S. federal net operating loss carry forwards of $2,509,816 which expire between December 31, 2029 and December 31, 2040. As of December 31, 2019, the Company had no unrecognized tax benefits that, if recognized, would affect the Company’s effective income tax rate over the next 12 months. The Company currently believes that all significant filing positions are highly certain and that all of its significant income tax filing positions and deductions would be sustained upon audit. Therefore, the Company has no significant reserves for uncertain tax positions and no adjustments to such reserves were required by generally accepted accounting principles. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes. The Company’s tax returns are subject to examination for the years ended December 31, 2015 through 2020. A reconciliation of the amount of tax benefit computed using the U.S. federal statutory income tax rate to the provision for income taxes on continuing operations is as follows: For the Years Ended December 31, 2020 2019 Tax expenses (benefit) at statutory rate (21%) $ (306,805) $ (254,542) Non-deductible expenses 1,578 2,606 Revision of prior years' deferred tax assets (38,556) 12,600 Change in valuation allowance 343,783 239,337 Provision for Income Taxes $ - $ - The tax effects of temporary differences and carry forwards that gave rise to the $0 net deferred income tax asset as of December 31, 2020 and 2019 were as follows: December 31, 2020 2019 Operating loss carry forwards $ 527,061 $ 484,157 Stock-based compensation 2,109,604 1,816,938 Allowance on Loan Loss 25,542 - Other 0 - Less: Valuation allowance (2,662,208) (2,301,095) Net Deferred Income Tax Asset $ - $ - The deferred tax asset valuation allowance increased by $361,112 and increased by $239,204 during the years ended December 31, 2020 and 2019, respectively.

Note 14 - Subsequent Events

Note 14 - Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Note 14 - Subsequent Events	NOTE 14 – SUBSEQUENT EVENTS December 1, 2020 Amendment to Compensation Agreement dated as of June 19, 2019 Due to the COVID-19 pandemic and for other reasons, the Company was not in a position to pay Gerard M. Jacobs, CEO, and William C. “Jake” Jacobs, President and CFO, the $250,000 and $100,000 bonuses, that were to be paid to them, respectively, on December 1, 2020, pursuant to the Compensation Agreement dated as of June 19, 2019. In recognition of this reality, the Company, Gerard M. Jacobs and William C. “Jake” Jacobs agreed that in lieu of such payments, upon the earlier of the date when Gerard M. Jacobs or William C. “Jake” Jacobs delivers to the Company written demands for payments which may not be sooner than January 1, 2021, or the first date when the Company has raised a total of at least $15 million after January 1, 2019, the Company shall pay Gerard M. Jacobs and William C. “Jake” Jacobs cash bonuses in the amounts of $250,000 and $100,000, respectively (the “Delayed December 1, 2020 Cash Bonuses”); provided that (i) commencing on January 1, 2021, the cash bonuses of $250,000 and $100,000 that were due and payable by the Company to Gerard M. Jacobs and William C. “Jake” Jacobs upon the closing of the Company’s acquisition of Lifted, which have not yet been paid and are payable upon demand by Gerard M. Jacobs and William C. “Jake” Jacobs, shall accrue interest until paid in full at the rate of 2% per year, and (ii) commencing on January 1, 2021, the Delayed December 1, 2020 Cash Bonuses, which have not yet been paid and are payable upon demand by Gerard M. Jacobs and William C. “Jake” Jacobs on or after January 1, 2021, shall accrue interest until paid in full at the rate of 2% per year. Stock Buy-back Transaction with a Non-Affiliate Stockholder On January 8, 2021, Acquired Sales Corp. purchased 36,000 shares of common stock of the Company from a non-affiliate stockholder in a private transaction for $0.95 per share for a total of $34,200. These shares are held in treasury. Creation of Younite Corp. On January 10, 2021, Lifted established a wholly-subsidiary called Younite Corp., an Illinois corporation. Younite Corp. has not yet conducted any business. January 27, 2021 SmplyLifted LLC Purchase Order Transaction On January 27, 2021, Lifted paid a vendor $93,750 on behalf of SmplyLifted LLC for the purchase of inventory. As of the date of this report, Lifted has not yet been reimbursed by SmplyLifted for this $93,750. February 12, 2021 Loan to Younite Corp. On February 12, 2021, Acquired Sales Corp. made a $1,000 loan to Younite Corp., as operating capital. Payments of Dividends On February 27, 2021, Acquired Sales Corp. paid a total of $70,200 in dividends to holders of Acquired Sales Corp.’s Series A Convertible Preferred Stock. Conversions of Series A Convertible Preferred Stock to Shares of Common Stock On March 1, 2021, 25,400 shares of Series A Convertible Preferred Stock were converted into 2,540,000 shares of common stock. On March 2, 2021, 1,000 shares of Series A Convertible Preferred Stock were converted into 100,000 shares of common stock. On March 5, 2021, 1,000 shares of Series A Convertible Preferred Stock were converted into 100,000 shares of common stock. On March 9, 2021, 1,000 shares of Series A Convertible Preferred Stock were converted into 100,000 shares of common stock. On March 18, 2021, 4,000 shares of Series A Convertible Preferred Stock were converted into 400,000 shares of common stock. On March 18, 2021, 60,000 shares of Series B Convertible Preferred Stock were converted into 60,000 shares of common stock. On March 22, 2021, 500 shares of Series A Convertible Preferred Stock were converted into 50,000 shares of common stock. Planned Name Change to LFTD Inc. On March 8, 2021, the Company announced that its board of directors and the holders of a majority of its outstanding shares have voted to change the name of the company to LFTD Inc., subject to changing the company’s articles of incorporation in Nevada, all necessary securities filings and governmental approvals. The planned name change is intended to better reflect the company’s ownership of rapidly growing Lifted Made, which has received national recognition for its outstanding Urb Finest Flowers brand of hemp-derived delta 8 THC, CBD, CBN and CBG products. In connection with the name change, the company plans to request a new trading symbol that more closely relates to the new company name.

Note 1 - Basis of Presentatio_2

Note 1 - Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Policy Text Block [Abstract]
Basis of Presentation	Basis of Presentation Our business is primarily engaged in the identification, structuring and seeking to execute on acquisitions of all or a portion of one or more operating businesses involving the manufacture, sale and distribution of cannabinoid-infused products such as beverages, shots, water, other liquids, water soluble nano drops or liquids, lotions, sprays, conditioners, creams, oils, pre-rolled hemp joints and hemp cigarettes, cartridges, syringes, tinctures, powder, water packets, effervescent tablets, capsules, bath bombs, balms, body washes, gummies, food, other edibles, and non-prescription cannabinoid formulations (a “Canna-Infused Products Company”). Our business also involves selling and distributing products containing nicotine. Our business has also involved selling and distributing hand sanitizer during the pendency of the COVID-19 pandemic. Management of the Company is open-minded to the concept of also acquiring operating businesses and/or assets involving products containing nicotine, marijuana, distilled spirits, beer, wine, and real estate. In addition, management of the Company is open-minded to the concept of acquiring all or a portion of one or more operating businesses and/or assets that are considered to be “essential” businesses which are unlikely to be shut down by the government during pandemics such as COVID-19. To date, we have acquired 100% of the ownership interests in one Canna-Infused Products Company now called Lifted Liquids, Inc. d/b/a Lifted Made (formerly Warrender Enterprise Inc. d/b/a Lifted Liquids), 4.99% of the ownership interests in a second Canna-Infused Products Company called Ablis Holding Company ("Ablis"), and 4.99% of the ownership interests in two other businesses that manufacture distilled spirits called Bendistillery Inc. ("Bendistillery") and Bend Spirits, Inc. ("Bend Spirits"). Lifted Made owns 50% of SmplyLifted LLC. We have also terminated a planned acquisition of Canna-Infused Products Company called CBD Lion LLC. At this point in time, we are in discussions with certain companies in our acquisition pipeline. However, our cash on hand is currently limited, so in order to close future acquisitions it is highly likely that it will be necessary for us to raise additional capital, and no guarantee or assurance can be made that such capital can be raised on acceptable terms, if at all. For more information, please refer to “Description of the Business of Acquired Sales Corp. "The Lifted Made Business" ITEM 1. BUSINESS” above.
Consolidated Financial Statements	Consolidated Financial Statements
Use of Estimates	Use of Estimates
Cash and Cash Equivalents	Cash and Cash Equivalents The Company maintains its cash balance at a credit-worthy financial institution that is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. Deposits with these banks may exceed the amount of insurance provided on such deposits; however, these deposits typically may be redeemed upon demand and, therefore, bear minimal risk.
Notes Receivable	Notes Receivable
Fair Value of Financial Instruments	Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) 820 defines fair value, establishes a framework for measuring fair value under GAAP and enhances disclosures about fair value measurements. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair-value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value as follows: Level 1 – Level 2 – Level 3 – SmplyLifted LLC is not publicly traded, and as such its financial instruments are 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.
Accounts Receivable	Accounts Receivable Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement
Inventory	Inventory December 31, 2020 December 31, 2019 Raw Goods $ 500,657 $ - Finished Goods $ 140,538 $ - Total Inventory $ 641,195 $ - Monthly overhead costs such as payments for rent, utilities, insurance, and indirect labor are allocated to finished goods based on the estimated percentage cost toward the finished goods. During the quarter ended March 31, 2020, $8,313 of overhead costs were allocated to finished goods. During the quarter ended June 30, 2020, $14,560 of overhead costs were allocated to finished goods. During the quarter ended September 30, 2020, $10,394 of overhead costs were allocated to finished goods. During the quarter ended December 31, 2020, $12,240 of overhead costs were allocated to finished goods. As described in “ Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement The following were written off as obsolete inventory during the quarter ended December 31, 2020: 1) Obsolete disposable nicotine vapes; 2) Various sized bottles of hand sanitizer; 3) Moldy hemp flower; 4) Unbottled gel and liquid hand sanitizer; 5) Unbottled e-liquid; and 6) Obsolete labels. The process of determining obsolete inventory during the quarter involved: 1) Identifying raw goods that would no longer be used in the manufacture of finished goods; 2) Identifying finished goods that would no longer be sold; and 3) Valuing and expensing raw and finished goods that would no longer be sold.
Fixed Assets	Fixed Assets Management regularly reviews property and equipment and other long-lived assets for possible impairment. This review occurs annually, or more frequently if events or changes in circumstances indicate the carrying amount of the asset may not be recoverable. If there is indication of impairment, management then prepares an estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual disposition. If these cash flows are less than the carrying amount of the asset, an impairment loss is recognized to write down the asset to its estimated fair value. The fair value is estimated using the present value of the future cash flows discounted at a rate commensurate with management’s estimates of the business risks. Preparation of estimated expected future cash flows is inherently subjective and is based on management’s best estimate of assumptions concerning expected future conditions. Long-lived assets held for sale are recorded at the lower of their carrying amount or fair value less cost to sell.
Security Deposit	Security Deposit
Investments	Investments Investment in SmplyLifted LLC Lifted owns 50% of SmplyLifted LLC (“SmplyLifted”). The other 50% of SmplyLifted is owned by SMPLSTC LLC and its principals, who are located in Costa Mesa, California. Under US GAAP, the Company uses the equity method to account for its 50% membership interest in SmplyLifted. Under the equity method of accounting, the Company records its share (50%) of SmplyLifted’s earnings (or losses) as income (or losses) on the Consolidated Statements of Operations. The Company recorded its initial investment in SmplyLifted, which was $200,000, as an asset at historical cost. Under the equity method, the investment’s value is periodically adjusted to reflect the changes in value due to Lifted’s share in SmplyLifted’s income or losses.
Goodwill	Goodwill Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Company’s acquisitions is attributable to the value of the potential expanded market opportunity with new customers. Goodwill is not amortized but is subject to annual impairment testing unless circumstances dictate more frequent assessments. The Company performs an annual impairment assessment for goodwill during the fourth quarter of each year and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than the carrying amount. Goodwill impairment testing is a two-step process performed at the reporting unit level. Step one compares the fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows. For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s size and industry and other Company-specific risks. Other significant assumptions used in the income approach include the terminal value, growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then the second step must be completed to measure the amount of impairment, if any. Step two calculates the implied fair value of goodwill by deducting the fair value of all tangible and intangible net assets of the reporting unit from the fair value of the reporting unit as calculated in step one. In this step, the fair value of the reporting unit is allocated to all of the reporting unit’s assets and liabilities in a hypothetical purchase price allocation as if the reporting unit had been acquired on that date. If the carrying amount of goodwill exceeds the implied fair value of goodwill, an impairment loss is recognized in an amount equal to the excess. Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, strategic plans, and future market conditions, among others. There can be no assurance that the Company’s estimates and assumptions made for purposes of the goodwill impairment testing will prove to be accurate predictions of the future. Changes in assumptions and estimates could cause the Company to perform an impairment test prior to scheduled annual impairment tests. The Company performed its annual fair value assessment at December 31, 2020 on the goodwill recognized as part of the acquisition of Lifted, and determined that no impairment was necessary. Please refer to “ NOTE 3 – THE COMPANY’S INVESTMENTS”
Revenue	Revenue The Company recognizes revenue in accordance with ASC 606. Revenue Recognition on the Sale of Raw Materials to Customers The Company sells hemp flower, hemp-derived cannabinoids and other raw materials (“Raw Materials”) to various customers. The Company does not offer terms to customers buying Raw Materials. In the majority of sales of Raw Materials to customers, customers are required to pay the full price before receiving the Raw Materials. In some cases, with the sale of large quantities of Raw Materials to customers with whom the Company has established relationships, the Company may allow the customer to pay 50% of the purchase up front, and then, after delivery of the product, the customer is required to pay the remaining 50% of the purchase price. Revenue Recognition on the Sale of Products to Private Label Clients Typically, private label clients are required to pay up front for the goods that they order. If the private label client orders more than ten stock keeping units (“SKUs”) in an order, the Company will collect a down payment of at least 50% of the total purchase order, and then will collect the remaining amount upon delivery of the purchased goods. Revenue Recognition on the Sale of Lifted Liquids-Branded Products to Wholesalers, Distributors and End Users The Company sells its own branded products to distributors, which then sell Lifted’s products to vape and smoke shops, CBD stores, convenience stores, health food stores, and other outlets. The Company also sells its own branded products to wholesalers and directly to consumers online. The Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products to a customer. Control is generally transferred when the Company’s products are either shipped or delivered based on the terms contained within the underlying contracts or agreements. The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. Promotional and other allowances (variable consideration) recorded as a reduction to gross sales, primarily include consideration given to the Company’s distributors or retail customers including, but not limited to, discounted products. Management believes that adequate provision has been made for cash discounts, returns and spoilage based on the Company’s historical experience. Described below are some of the reasons why a customer may want to return an ordered item, and how the Company responds in each situation: 1) The ordered item breaks, melts, or separates in transit to the customer. In this case, the Company will replace the broken, melted or separated item at no cost to the customer. 2) The Company sent the wrong item to the customer. In this case, the Company will allow the customer to keep, at no cost to the customer, the item that was mistakenly sent to the customer. The Company will also send the correct product to the customer, at no cost to the customer. 3) The customer ordered the wrong product. In this case, the customer, at his/her own expense, must mail the mistakenly ordered product back to the Company, and the Company will mail the correct product to the customer. 4) The ordered item is recalled. In a situation where product is recalled, the Company will offer a replacement, credit, or refund. Historically, the scenarios described above have occurred infrequently, and occurrences have been immaterial. However, during the third quarter of 2020, the Company provided many replacements, and issued refunds or credits to many customers who purchased delta-8-THC gummies that melted in transit, and delta-8-THC nano drops that had separation issues. Disaggregation of Revenue During the year ended December 31, 2020, all of the Company’s sales occurred inside of the United States of America. Contract Liabilities Amounts received from a customer before the purchased product is shipped to the customer is treated as deferred revenue. If cash is not received, an accounts receivable is recognized, but revenue is not recognized until an order is fully shipped.There was deferred revenue of $1,057,105 as of December 31, 2020. There was no deferred revenue recognized as of December 31, 2019.
Cost of Goods Sold	Cost of Goods Sold
Operating Expenses	Operating Expenses
Income Taxes	Income Taxes
Basic and Diluted Earnings (Loss) Per Common Share	Basic and Diluted Earnings (Loss) Per Common Share For the Year Ended December 31, 2020 2019 Net Loss $ (1,534,589) $ (1,236,105) Weighted Average Shares Outstanding 5,927,480 2,577,349 Basic and Diluted Loss per Share $ (0.29) $ (0.48) As of December 31, 2020, in addition to our outstanding common stock, we have issued (a) options to purchase 1,151,698 shares of common stock at $2.00 per share, (b) warrants to purchase 403,921 shares of common stock at $1 per share, (c) warrants to purchase 6,000 shares of common stock at $5 per share, (d) rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share, (e) financing warrants to purchase 31,250 shares of common stock at $0.03 per share, and (f) warrants to purchase 2,295,000 shares of common stock at $5.00 per share. Regarding the aforementioned rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share: of these, rights to purchase warrants to purchase 1.25 million shares of our commons stock are not vested and are not exercisable until a performance contingency is met. Regarding the aforementioned warrants to purchase 2,295,000 shares of our common stock at an exercise price of $5.00 per share: of the total, warrants to purchase 1,650,000 shares of our common stock are vested, while the remaining warrants to purchase 645,000 shares of our common stock are not vested and are subject to certain conditions and requirements. In comparison, at December 31, 2019, there were outstanding options to purchase 1,586,619 shares of common stock at between $0.001 and $2.00 per share, (b) rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share, and (c) financing warrants to purchase 31,250 shares of common stock at $0.03. As of the date of this report, none of these outstanding options, rights to purchase warrants or financing warrants have been exercised into shares of common stock. However, all of them may be exercised at any time in the sole discretion of the holder except for the rights to purchase warrants to purchase 1.25 million shares of our commons stock, are not exercisable until a performance contingency is met. At December 31, 2019, the Company had Series A Preferred Stock
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2018, the FASB issued ASU 2018-15, “Intangibles - Goodwill and Other - Internal Use Software (Subtopic 250-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract” (“ASU 2018-15”). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs for internal-use software. The accounting for any hosting contract is unchanged. ASU 2018-15 is effective on January 1, 2020 with early adoption permitted, including adoption in any interim period. Because the Company does not currently have any cloud computing arrangements that include a software license, fees associated with any hosting element are expensed as incurred. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes On August 5, 2020, the FASB issued ASU No. 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) which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The ASU is effective for public business entities that meet the definition of a SEC filer, excluding smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. The FASB noted that an entity should adopt the guidance as of the beginning of its annual fiscal year.
Advertising and Marketing Expenses	Advertising and Marketing Expenses
Compensated Absences	Compensated Absences
Off Balance Sheet Arrangements	Off Balance Sheet Arrangements
Reclassifications	Reclassifications
Business Combinations and Consolidated Results of Operations and Outlook	Business Combinations and Consolidated Results of Operations and Outlook Business Combinations and Reorganizations When the Company acquires a business, we allocate the purchase price to the assets acquired and liabilities assumed in the transaction at their respective estimated fair values. We record any premium over the fair value of net assets acquired as goodwill. The allocation of the purchase price involves judgments and estimates both in characterizing the assets and in determining their fair value. We use all available information to make these fair value determinations and engage independent valuation specialists to assist in the fair value determination of the acquired long-lived assets. During 2020, the acquisition of Lifted added approximately $4,444 in purchased intangible assets and $22,292,767 in goodwill to the consolidated balance sheet. January 1, 2019 - February 24, 2020 (Acquisition Date) (1) February 24, 2020 (Acquisition Date) - December 31, 2020 (2) Net Sales $ 4,450,339 $ 5,344,320 Net Earnings $ 549,999 $ 461,913 Shown above are Lifted’s net sales and net earnings for the following two periods: (1) January 1, 2019 through February 24, 2020 (acquisition date) (2) February 24, 2020 (acquisition date) to December 31, 2020 The foregoing disclosures of net sales and net earnings during those periods solely reflects Lifted’s financial results. Prior to its acquisition of Lifted on February 24, 2020, Acquired Sales Corp. had no sources of revenue, so the acquisition of Lifted was significant for Acquired Sales Corp.

Note 1 - Basis of Presentatio_3

Note 1 - Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Table Text Block Supplement [Abstract]
Schedule of inventory	Inventory consisted of the following at December 31, 2020 and December 31, 2019: December 31, 2020 December 31, 2019 Raw Goods $ 500,657 $ - Finished Goods $ 140,538 $ - Total Inventory $ 641,195 $ -
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the calculations of basic and diluted earnings (loss) per common share for the years ended December 31, 2020 and 2019: For the Year Ended December 31, 2020 2019 Net Loss $ (1,534,589) $ (1,236,105) Weighted Average Shares Outstanding 5,927,480 2,577,349 Basic and Diluted Loss per Share $ (0.29) $ (0.48)
Schedule of intangible assets and goodwill	During 2020, the acquisition of Lifted added approximately $4,444 in purchased intangible assets and $22,292,767 in goodwill to the consolidated balance sheet. January 1, 2019 - February 24, 2020 (Acquisition Date) (1) February 24, 2020 (Acquisition Date) - December 31, 2020 (2) Net Sales $ 4,450,339 $ 5,344,320 Net Earnings $ 549,999 $ 461,913 Shown above are Lifted’s net sales and net earnings for the following two periods: (1) January 1, 2019 through February 24, 2020 (acquisition date) (2) February 24, 2020 (acquisition date) to December 31, 2020 The foregoing disclosures of net sales and net earnings during those periods solely reflects Lifted’s financial results. Prior to its acquisition of Lifted on February 24, 2020, Acquired Sales Corp. had no sources of revenue, so the acquisition of Lifted was significant for Acquired Sales Corp.

Note 5 - Property and Equipme_2

Note 5 - Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and Equipment consist of the following: Asset Class December 31, 2020 December 31, 2019 Machinery & Equipment $ 103,084 $ - Leasehold Improvements $ 42,381 $ - Furniture & Fixtures $ 4,288 Sub-total: $ 149,753 $ - Less: accumulated depreciation $ (14,361) $ - $ 135,392 $ -
Schedule of Estimated useful lives	Estimated useful lives per asset class are: Asset Class Estimated Useful Life Machinery & Equipment 120 months Leasehold Improvements 48 months Furniture & Fixtures 60 months

Note 7 - Intangible Assets, N_2

Note 7 - Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of assets and liabilities assumed	The following table presents the purchase price allocation: Consideration: Cash and cash equivalents $ 3,750,000 Note consideration $ 3,750,000 3,900,455 shares of unregistered common stock of the Company valued as of January 7, 2020 (date of entering into the Agreement and Plan of Merger) $ 10,726,251 Warrants to purchase an aggregate of 1,820,000 shares of unregistered common stock of the Company at an exercise price of $5.00 per share $ 4,980,150 Total merger consideration $ 23,206,401 Assets acquired: Cash and cash equivalents $ 619,390 Accounts Receivable $ 341,387 Inventory $ 267,474 Loan to Shareholder $ 9,000 Fixed Assets $ 80,003 Intangible Assets $ 4,444 Security Deposit $ 1,600 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $20,010 in 2020 and $17,336 in 2019 $ 23,346 Goodwill $ 22,292,767 Total assets acquired $ 23,639,411 Liabilities assumed: Accounts Payable and Accrued Expenses $ 345,075 Operating Lease Liability $ 15,569 Deferred Revenue $ 64,696 Non-Current Operating Lease Liability $ 7,670 Total Liabilities assumed $ 433,010 Net Assets Acquired: $ 23,206,401 Net Assets Acquired (Excluding Goodwill): $ 913,634

Note 10 - Shareholders' Equity

Note 10 - Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Table Text Block Supplement [Abstract]
Schedule of Share-based Compensation, Stock Options and Warrant Activity	The following is a summary of share-based compensation, stock option and warrant activity as of December 31, 2020 and changes during the year then ended: Weighted-Average Aggregate Weighted-Average Remaining Contractual Intrinsic Shares Exercise Price Term (Years) Value Exercisable Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, December 31, 2019 2,992,869 (1) $ 0.97 3.47 $ 4,570,144 Warrants to Purchase Common Stock Issued in the Lifted Made merger during Q1 2020 (Currently Exercisable) 1,075,000 (1) Warrants to Purchase Common Stock Issued in the Lifted Made merger during Q1 2020 (not Currently Exercisable) 745,000 Warrants Issued to GJacobs and WJacobs during Q1 2020 (Currently Exercisable) 475,000 (1) Options Exercised During Q4 2020 25,000 (2) Exercisable Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants Outstanding, December 31, 2020 Sum of (1)s less (2) = 4,517,869 $ 2.37 3.93 $ 8,052,912 Outstanding Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, December 31, 2020 6,512,869 $ 2.57 3.97 $ 10,365,412

Note 11 - Contingent Contract_2

Note 11 - Contingent Contractual Obligations and Commercial Commitments (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block [Abstract]
Schedule of Operating Lease Assets and Liabilities	Balance Sheet Classification of Operating Lease Assets and Liabilities Asset Balance Sheet Line December 31, 2020 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $35,650 in 2020 Non-Current Assets $ 7,705 Liability Balance Sheet Line December 31, 2020 Current Operating Lease Liability Current Liabilities $ 7,670
Schedule of lease cost	The table below summarizes the components of lease costs for the period ended December 31, 2020: December 31, 2020 Operating lease costs for October-December 2020. Please note: as described in Note 3, a portion of monthly overhead costs such as this rent are allocated to finished goods. Utility costs such as this rent are included in the total Selling, General and Administrative Expenses account. $ 4,800 Maturities of lease liabilities as of December 31, 2020 are as follows: Remaining lease payments in 2020 $ - Less: Interest for remaining 2020 fiscal year $ - Present value of lease liabilities $ -

Note 13 - Income Taxes (Tables)

Note 13 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Table Text Block Supplement [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the amount of tax benefit computed using the U.S. federal statutory income tax rate to the provision for income taxes on continuing operations is as follows: For the Years Ended December 31, 2020 2019 Tax expenses (benefit) at statutory rate (21%) $ (306,805) $ (254,542) Non-deductible expenses 1,578 2,606 Revision of prior years' deferred tax assets (38,556) 12,600 Change in valuation allowance 343,783 239,337 Provision for Income Taxes $ - $ -
Schedule of Deferred Tax Assets	The tax effects of temporary differences and carry forwards that gave rise to the $0 net deferred income tax asset as of December 31, 2020 and 2019 were as follows: December 31, 2020 2019 Operating loss carry forwards $ 527,061 $ 484,157 Stock-based compensation 2,109,604 1,816,938 Allowance on Loan Loss 25,542 - Other 0 - Less: Valuation allowance (2,662,208) (2,301,095) Net Deferred Income Tax Asset $ - $ -

Note 1 - Basis of Presentatio_4

Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2020	Sep. 22, 2020	Jun. 30, 2020	Mar. 31, 2020	Apr. 30, 2019
Ownership interests	50.00%
FDIC limit	$ 250,000
Allowances for bad debts	5,743	$ 0
Fixed Assets capitalized	2,500
Deferred revenue	1,096,120	0
Cost of goods sold	$ 147,413
Convertible Preferred Stock, Shares Reserved for Future Issuance	6,615,000
Stock issued for cash , Value	$ 100,000
Advertising and Marketing Expenses	115,102	$ 6,126
Investment	200,000
Finished goods	$ 12,240		$ 10,394		$ 14,560	$ 8,313
Ablis
Ownership interests							4.99%
Bendistillery
Ownership interests							4.99%
SmplyLifted LLC
Ownership interests				50.00%			50.00%
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,586,619	1,586,619
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	403,921	2,625,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	6,000
Warrant [Member]
Unvested warrants	1,250,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,625,000
Financing Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	31,250	31,250
Warrant [Member]
Unvested warrants	645,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,295,000
Warrants vested	1,650,000

Note 1 - Basis of Presentatio_5

Note 1 - Basis of Presentation and Significant Accounting Policies: Inventory (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Disclosure Text Block [Abstract]
Raw Goods	$ 500,657	$ 0
Finished Goods	140,538	0
Total Inventory	$ 641,195	$ 0

Note 1 - Basis of Presentatio_6

Note 1 - Basis of Presentation and Significant Accounting Policies: Basic and Diluted Earnings (Loss) Per Common Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Text Block [Abstract]
Net Loss	$ (1,534,589)	$ (1,236,105)
Weighted Average Shares Outstanding	5,927,480	2,577,349
Basic and Diluted Earnings Loss per Share	$ (0.29)	$ (0.48)

Note 1 - Basis of Presentatio_7

Note 1 - Basis of Presentation and Significant Accounting Policies: Intangible Assets and Goodwill (Details) - USD ($)	10 Months Ended		14 Months Ended
	Dec. 31, 2020	[1]	Feb. 24, 2020	[2]
Disclosure Text Block [Abstract]
Net Sales	$ 5,344,320		$ 4,450,339
Net Earnings	$ 461,913		$ 549,999
[1]	February 24, 2020 (acquisition date) to December 31, 2020
[2]	January 1, 2019 through February 24, 2020 (acquisition date)

Note 2 - Receipt Of Loans Und_2

Note 2 - Receipt Of Loans Under The Economic Injury Disaster Loan Program And Paycheck Protection Program (Details Narative) - USD ($)	Apr. 14, 2020	Apr. 20, 2020	Dec. 31, 2020
Accrued interest			$ 1,074
EIDL [Member]
Repayment of loan		$ 10,000
Gain on the forgiveness		$ 10,000
BMO Harris Bank [Member]
Principal amount	$ 149,623
Maturity date	Apr. 14, 2022
Interest rate	1.00%

Note 3 - Risks and Uncertaint_2

Note 3 - Risks and Uncertainties (Details) - USD ($)	3 Months Ended			4 Months Ended	7 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021
Accumulated deficit	$ (17,141,175)					$ (17,141,175)	$ (17,141,175)	$ (15,392,552)
Net Loss							$ (1,534,589)	$ (1,236,105)
Prefered stock, dividend rate							3.00%
Accrued bonus	$ 350,000					$ 350,000	$ 350,000
Sales [Member] | Four Customers [Member]
Concentration Risk, Percentage	50.00%
Sales [Member] | Five Customers [Member]
Concentration Risk, Percentage						57.00%
Sales [Member] | One Customers [Member]
Concentration Risk, Percentage		34.00%	56.00%	43.00%
Sales [Member] | Two Customers [Member]
Concentration Risk, Percentage					35.00%
Sales [Member] | One Customers [Member]
Concentration Risk, Percentage			29.00%	22.00%
Sales [Member] | One Customers [Member]
Concentration Risk, Percentage			19.00%	15.00%
Supplies | Two Vendors [Member]
Concentration Risk, Percentage					51.00%
Supplies | Seven Vendors [Member]
Concentration Risk, Percentage	75.00%
Supplies | Five Vendors [Member]
Concentration Risk, Percentage						61.00%
Supplies | Four Vendors [Member]
Concentration Risk, Percentage		74.00%
Supplies | One Vendors [Member]
Concentration Risk, Percentage			47.00%	36.00%
Supplies | Another Vendors [Member]
Concentration Risk, Percentage			20.00%	17.00%
Subsequent Event
Accrued bonus									$ 350,000

Note 4 - The Company's Invest_2

Note 4 - The Company's Investments (Details) - USD ($)	Dec. 31, 2020	Sep. 22, 2020	Apr. 30, 2019
Ownership interests	50.00%
Investment	$ 200,000
Bendistillery
Ownership interests			4.99%
Purchse price			$ 1,896,200
SmplyLifted LLC
Ownership interests		50.00%	50.00%

Note 5 - Property and Equipme_3

Note 5 - Property and Equipment, Net (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 14,995	$ 0

Note 5 - Property and Equipme_4

Note 5 - Property and Equipment, Net: Property and Equipment (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Gross Property and equipment	$ 149,753	$ 0
Less: Accumulated depreciation	(14,361)	0
Net property and equipment	135,391	0
Machinery and Equipment [Member]
Gross Property and equipment	103,084	0
Leasehold Improvements [Member]
Gross Property and equipment	42,381	0
Furniture and Fixtures [Member]
Gross Property and equipment	$ 4,288	$ 0

Note 5 - Property and Equipme_5

Note 5 - Property and Equipment, Net: Estimated useful lives (Details)	12 Months Ended
	Dec. 31, 2020
Machinery and Equipment [Member]
Estimated Useful Life	120 months
Leasehold Improvements [Member]
Estimated Useful Life	48 months
Furniture and Fixtures [Member]
Estimated Useful Life	60 months

Note 6 - Notes Receivable (Deta

Note 6 - Notes Receivable (Details) - USD ($)	Aug. 08, 2019	Sep. 01, 2015	Dec. 31, 2019	Jul. 31, 2014	Mar. 31, 2020	Jul. 31, 2015	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2015	Jul. 14, 2014
Bad debt expense							$ 124,802	$ 0
Imputed interest receivable							17
Loan to SmplyLifted LLC			$ 0				293,750	$ 0
William Noyes Webster Foundation Inc | Secured Promissory Note
Debt Instrument, Face Amount										$ 1,500,000
Note receivable payment				$ 602,500		$ 135,350
Advances				600,000
Note Receivable									$ 737,850
Debt Instrument, Interest Rate, Stated Percentage									12.50%
Bad debt expense		$ 737,850
William Noyes Webster Foundation Inc | Secured Promissory Note | Unfunded Portion of Note
Debt Instrument, Face Amount										$ 897,500
William Noyes Webster Foundation Inc | Secured Promissory Note | Payment To Consultant
Advances				$ 2,500
William Noyes Webster Foundation Inc | Interest receivable {1}
Bad debt expense		$ 97,427
CBD Lion
Advances			168,500
Bad debt expense					$ 2,006
Loan	$ 300,000
Interest rate	6.00%
Payment of loan			200,000
Accrued interest							6,945
Reimbursement of professional fees			$ 31,500
Imputed interest receivable							$ 2,112

Note 7 - Intangible Assets, N_3

Note 7 - Intangible Assets, Net (Details) - USD ($)	1 Months Ended		10 Months Ended	12 Months Ended
	Feb. 24, 2020	Feb. 14, 2020	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Amortization expenses			$ 1,390
Finite-Lived Intangible Asset, Useful Life				32 months
Ownership, percentage			50.00%	50.00%
Common Stock, Voting Rights				The voting rights in the combined entity, the Company observes that: (1) the voting rights held by the Company’s outstanding common stock, options and warrants, and convertible securities represented a total of 13,684,538 shares on a fully diluted basis; and (2) the voting rights held by the Company’s outstanding common stock, options and warrants, convertible securities, 3,900,455 shares of common stock issued to Nicholas S. Warrender, 645,000 shares of deferred contingent common stock issued in the merger, and the 1,820,000 warrants granted in the merger, represented a total of 20,049,993 shares on a fully diluted basis. Consequently, the existing shareholders of the Company owned 68% of the merged entity on a fully diluted basis. Note: many of the 645,000 shares of deferred contingent stock and many of the 1,820,000 warrants granted in the transaction were issued to current officers and directors of the Company, and, pursuant to the Compensation Agreement dated June 19, 2019, as a result of the Company’s closing of the acquisition of Lifted, Gerard M. Jacobs and William C. Jacobs were awarded warrants to purchase 250,000 and 225,000 shares of common stock of the Company at $5.00 per share, respectively, so the existing shareholders of the Company actually owned more than 68% of the combined entity on a fully diluted basis. The foregoing analysis of the relative voting rights of the combined entity suggests that the Company should be considered to be the accounting acquirer in the Merger.
Volatility rate		361.49%
Goodwill			$ 22,292,767	$ 22,292,767	$ 0
Nicholas S. Warrender
Principal amount			$ 3,750,000	3,750,000
Annual base Salary				100,000
William C. Jacobs
Annual base Salary				100,000
Gerard M. Jacobs
Annual base Salary				$ 100,000
Lifted Merger
Ownership, percentage	100.00%
Business acquisition, consideration transferred	$ 3,750,000
Shares issued for acquisition	3,900,455
Business acquisition, shares issuable	645,000
Volatility rate	362.00%
Risk-free interest rate	1.55%
Dividend yield	0.00%
Expected term	2 years 6 months 25 days
Lifted Merger | Warrants
Shares issued for acquisition	1,820,000
Warrant exercise price	$ 5
Lifted Merger | Promissory Note
Business acquisition, consideration transferred	$ 3,750,000
Nicholas S. Warrender | Promissory Note
Principal amount	$ 3,750,000
Interest rate	2.00%

Note 7 - Intangible Assets, N_4

Note 7 - Intangible Assets, Net: Purchase price allocation (Details) - USD ($)	Dec. 31, 2020	Feb. 24, 2020	Dec. 31, 2019
Assets acquired:
Security Deposit	$ 1,600		$ 0
Goodwill	$ 22,292,767		$ 0
Merger
Consideration:
Cash and cash equivalents		$ 3,750,000
Note consideration		3,750,000
3,900,455 shares of unregistered common stock of the Company valued as of January 7, 2020 (date of entering into the Agreement and Plan of Merger)		10,726,251
Warrants to purchase an aggregate of 1,820,000 shares of unregistered common stock of the Company at an exercise price of $5.00 per share		4,980,150
Total merger consideration		23,206,401
Assets acquired:
Cash and cash equivalents		619,390
Accounts Receivable		341,387
Inventory		267,474
Loan to Shareholder		9,000
Fixed Assets		80,003
Intangible Assets		4,444
Security Deposit		1,600
Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $20,010 in 2020 and $17,336 in 2019		23,346
Goodwill		22,292,767
Total assets acquired		23,639,411
Liabilities assumed:
Accounts Payable and Accrued Expenses		345,075
Operating Lease Liability		15,569
Deferred Revenue		64,696
Non-Current Operating Lease Liability		7,670
Total Liabilities assumed		433,010
Net Assets Acquired		23,206,401
Net Assets Acquired (Excluding Goodwill)		$ 913,634

Note 8 - Related Party Transa_2

Note 8 - Related Party Transaction (Details) - USD ($)	Jul. 13, 2019	Nov. 12, 2018	Nov. 08, 2018	Feb. 29, 2020	Feb. 14, 2020	Jul. 18, 2018	Jul. 16, 2018	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2020	Dec. 02, 2020	Dec. 31, 2019
Shipping Costs									$ 39,569
Bonus payable									350,000	$ 350,000
Issuance of warrants to purchase common stock								$ 26,773
Volatility rate					361.49%
Interest payable									64,110	64,110		$ 0
Financing warrants
Debt Instrument, Payment Terms	(1) proceeds of the borrowings will be used to pay professional fees owed to our outside auditors, our stock transfer agent, and our securities counsel, and to pay other obligations of AQSP; (2) the borrowings will be evidenced by promissory notes of AQSP, accruing interest at the rate of 15% annually; (3) the notes will be jointly secured by a first lien security interest in all of the assets of AQSP, pursuant to a security agreement signed by AQSP in favor of the lenders, UCC filings in favor of the lenders, and a pledge to the lenders of the note payable by the William Noyes Webster Foundation Inc. to AQSP; (4) the notes shall be due and payable upon demand by the lenders delivered to AQSP; and (5) for each $1,000 loaned by AQSP on these terms, the lender of such $1,000 shall receive warrants to purchase 1,250 shares of common stock of AQSP, at an exercise price of $0.03 per share, exercisable at the discretion of such lender any time on or before July 16, 2023.
Long-term Debt, Gross												30,791
Vincent J. Mesolella
Payment for commission										172
Gerard M. Jacobs
Bonus payable									250,000	250,000	$ 250,000
Prepaid consulting fee												$ 7,500
Gerard M. Jacobs | Warrant 1
Warrants issued						12,500
Issuance of warrants to purchase common stock			$ 11,250			$ 1,300
Volatility rate			465.00%
Risk-free interest rates			2.98%
Dividend yield			0.00%
Expected terms			2 years 4 months 17 days
William C. Jacobs
Bonus payable									100,000	100,000	$ 100,000
Joshua A. Bloom | Warrant 1
Warrants issued							25,000
Issuance of warrants to purchase common stock		$ 21,874					$ 3,250
Volatility rate		465.00%
Risk-free interest rates		2.94%
Dividend yield		0.00%
Expected terms		2 years 4 months 13 days
Nicholas S. Warrender
Principal amount									3,750,000	3,750,000
Interest payable									64,110	64,110
Corner Vapory
Purchase price										10,264
Canna Vita
Purchase price										8,939
Account receivables									$ 1,839	$ 1,839
Warrender Enterprise
Warrants issued				1,820,000
Cash Consideration				$ 3,750,000
Stock Consideration				3,900,455
Warrender Enterprise | Unregistered common stock
Stock Consideration				645,000
Warrender Enterprise | Secured promissory note
Cash Consideration				$ 3,750,000

Note 9 - Distributions to Nic_2

Note 9 - Distributions to Nicholas S. Warrender (Details) - USD ($)	Apr. 02, 2020	Nov. 24, 2020	Dec. 31, 2020
Stock repurchased during period	166,888
Total lifted distributed			$ 193,767
Non-affiliate Stockholder [Member]
Stock repurchased during period		36,000
Payment to repurchase shares		$ 34,200
Share price		$ 0.95

Note 10 - Shareholders' Equit_2

Note 10 - Shareholders' Equity (Details) - USD ($)	Nov. 04, 2020	Apr. 02, 2020	Sep. 29, 2021	Feb. 14, 2020	May 13, 2019	Dec. 05, 2019	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2020	Feb. 24, 2020
Preferred Stock, shares authorized							10,000,000	10,000,000
Stock Issued During Period, Value, New Issues							$ 100,000
Convertible Preferred Stock, Shares Reserved for Future Issuance							6,615,000
Share-based compensation							$ 1,393,648	$ 874,154
Estimated life										2 years 6 months
Estimated future volatility				361.49%
Number of common stock cancelled		166,888
Settlement Agreement
Stock Issued During Period, Shares, New Issues							166,888
Stock purchased for cash							$ 50,000
Payment for shares deliver							$ 50,000
Number of shares delivered							690,796
Series B Preferred Stock [Member]
Preferred Stock, shares authorized									5,000,000
Issuance of Preferred Stock description							Each share of Series B Convertible Preferred Stock may be converted into one shares of common stock. The Series B Convertible Preferred Stock accrues dividends at the rate of 3% annually. The accrued Series B Convertible Preferred Stock dividends are cumulative. The Series B Convertible Preferred Stock dividends shall cease to accrue at such time as the Company’s Common Stock has closed at $7.00 per share or higher for 20 consecutive trading days after the first date that the Series B Registration Statement is effective, and there have been, on average, at least 25,000 shares traded on each of those 20 consecutive trading days. The Series B Convertible Preferred Stock have no voting rights. The holders of the Series B Convertible Preferred Stock shall have voluntary conversion rights. Shares of Series B Convertible Preferred Stock are subject to mandatory conversion (in the discretion of the Company) at such time as the Company’s common stock has closed at $9.00 per share or higher for 20 consecutive trading days after the first date that the Series B Registration Statement is effective, and there have been, on average, at least 50,000 shares traded on each of those 20 consecutive trading days.
Conversion price							$ 7
Dividends payable							$ 5,782
Cash dividends							$ 15,000
Series B Preferred Stock [Member] | Private Placement [Member]
Stock Issued During Period, Value, New Issues						$ 500,000
Number of prefered stock converted into common stock						5,000,000
Convertible Preferred Stock, Shares Reserved for Future Issuance						5,000,000
Conversion price						$ 5
Series A Preferred Stock [Member]
Preferred Stock, shares authorized									400,000
Issuance of Preferred Stock description							Each share of Series A Convertible Preferred Stock may be converted into 100 shares of common stock. The Series A Convertible Preferred Stock accrues dividends at the rate of 3% annually. The accrued Series A Convertible Preferred Stock dividends are cumulative. The Series A Convertible Preferred Stock dividends shall cease to accrue at such time as the Company’s Common Stock has closed at $3.00 per share or higher for 20 consecutive trading days after the first date that the Series A Registration Statement is effective, and there have been, on average, at least 25,000 shares traded on each of those 20 consecutive trading days. The Series A Convertible Preferred Stock have no voting rights. The holders of the Series A Convertible Preferred Stock shall have voluntary conversion rights. Shares of Series A Convertible Preferred Stock are subject to mandatory conversion (in the discretion of the Company) at such time as the Company’s common stock has closed at $5.00 per share or higher for 20 consecutive trading days after the first date that the Series A Registration Statement is effective, and there have been, on average, at least 50,000 shares traded on each of those 20 consecutive trading days.
Conversion price							$ 3
Dividends payable							$ 145,561
Cash dividends							198,450
James S. Jacobs
Share-based compensation							660,149
Option expire	471,698		605,000
Option expiration date	Dec. 31, 2024		Dec. 31, 2024
Number of warants exercisable										250,000
Exercisable price										$ 5
WJacobs
Share-based compensation							$ 733,499
Number of warants exercisable										225,000
Exercisable price										$ 5
Accredited investors | Series A Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues					66,150
Stock Issued During Period, Value, New Issues					$ 6,615,000
Number of prefered stock converted into common stock					66,150
Convertible Preferred Stock, Shares Reserved for Future Issuance					6,615,000
Conversion price					$ 1
Bankers and finders
Share-based compensation								$ 874,154
Number of warrants purchased								416,942

Note 10 - Shareholders' Equity_

Note 10 - Shareholders' Equity: Schedule of Share-based Compensation, Stock Options and Warrant Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Text Block [Abstract]
Exercisable Options, Rights to Purchase Warrants and Financing Warrants Outstanding at beginning	2,992,869
Warrants to Purchase Common Stock Issued (Currently Exercisable)	1,075,000
Warrants to Purchase Common Stock Issued (not Currently Exercisable)	745,000
Warrants Issued	475,000
Warrants exercised during period	25,000
Exercisable Options, Rights to Purchase Warrants and Financing Warrants Outstanding at end	4,517,869	2,992,869
Outstanding Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants	6,512,869
Exercisable Options, Rights to Purchase Warrants and Financing Warrants, Weighted Average Exercise Price at beginning	$ 0.97
Exercisable Options, Rights to Purchase Warrants and Financing Warrants, Weighted Average Exercise Price at end	2.37	$ 0.97
Outstanding Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, Weighted Average Exercise Price	$ 2.57
Exercisable Options, Rights to Purchase Warrants and Financing Warrants Outstanding, Weighted Average Remaining Term	3 years 11 months 4 days	3 years 5 months 20 days
Outstanding Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, Weighted Average Remaining Term	3 years 11 months 19 days
Exercisable Options, Rights to Purchase Warrants and Financing Warrants, Intrinsic Value	$ 4,570,144
Exercisable Options, Rights to Purchase Warrants and Financing Warrants, Intrinsic Value	8,052,912	$ 4,570,144
Outstanding Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, Intrinsic Value	$ 10,365,412

Note 11 - Contingent Contract_3

Note 11 - Contingent Contractual Obligations and Commercial Commitments (Details)	1 Months Ended	12 Months Ended
	Apr. 30, 2019USD ($)shares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)shares	Dec. 02, 2020USD ($)
Ownership interests		50.00%
Consulting fees		$ 809,966	$ 112,500
Accrued bonus		350,000
CBD Lion
Capital raise		15,000,000
Warrender Enterprise
Capital raise		$ 25,000,000
Ablis
Ownership interests	4.99%
Purchase of warrants | shares	14,042
Value of warrants purchsed	$ 40,708
Ablis
Percntage of common stock purchase		0.15
Additional Percntage of common stock purchase		15.00%
Additional Warrants to purchase | shares		2,814
Maximum warrants issued | shares		42,210
Warrant Exercise price | $ / shares		$ 1
William C. Jacobs
Consulting fees		$ 5,000
Cash compensation received		$ 5,000
Purchase of warrants | shares		225,000
Accrued bonus		$ 100,000		$ 100,000
James S. Jacobs
Consulting fees		$ 7,500
Purchase of warrants | shares		250,000
Brokers | Warrant [Member]
Purchase of warrants | shares			402,900
Value of warrants purchsed			$ 833,446
Gerard M. Jacobs
Accrued bonus		$ 250,000		$ 250,000
Vincent J. Mesolella
Payment for commission		$ 172

Note 11 - Contingent Contract_4

Note 11 - Contingent Contractual Obligations and Commercial Commitments: Operating Lease Assets and Liabilities (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Disclosure Text Block [Abstract]
Operating Lease Right-of-Use Asset	$ 7,705	$ 0
Current Operating Lease Liability	$ 7,670	$ 0

Note 11 - Contingent Contract_5

Note 11 - Contingent Contractual Obligations and Commercial Commitments: Lease Cost (Details)	12 Months Ended
	Dec. 31, 2020USD ($)
Disclosure Text Block [Abstract]
Operating lease costs	$ 4,800
Maturities of Lease Liabilities
Remaining lease payments in 2020	0
Less: Interest	0
Present value of lease liabilities	$ 0

Note 12 - Legal Proceedings (D

Note 12 - Legal Proceedings (Details)	12 Months Ended
	Dec. 31, 2020USD ($)
Settlement cost	$ 97,000
Martha, Edgar v. Lifted Liquids
Settlement cost	$ 5,000

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net Operating Loss Carryforwards	$ 2,509,816
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	361,112	$ 239,204
Temporary differences	$ 0
Minimum
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2029
Maximum
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2040

Note 13 - Income Taxes_ Schedul

Note 13 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Text Block [Abstract]
Tax expenses (benefit) at statutory rate (21%)	$ (306,805)	$ (254,542)
Non-deductible expenses	1,578	2,606
Revision of prior years' deferred tax assets	(38,556)	12,600
Change in valuation allowance	343,783	239,337
Provision for Income Taxes	$ 0	$ 0

Note 13 - Income Taxes_ Sched_2

Note 13 - Income Taxes: Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Text Block [Abstract]
Operating loss carry forwards	$ 527,061	$ 484,157
Stock-based compensation	2,109,604	1,816,938
Allowance on Loan Loss	25,542	0
Other	0	0
Less: Valuation allowance	(2,662,208)	(2,301,095)
Net Deferred Income Tax Asset	$ 0	$ 0

Note 14 - Subsequent Events (De

Note 14 - Subsequent Events (Details) - USD ($)	Jan. 08, 2021	Dec. 02, 2020	Jan. 27, 2021	Mar. 09, 2021	Mar. 05, 2021	Mar. 02, 2021	Mar. 01, 2021	Feb. 27, 2021	Mar. 22, 2021	Mar. 18, 2021	Dec. 31, 2021	Feb. 12, 2021	Dec. 31, 2020
Accrued bonus													$ 350,000
Compensation, description		When the Company has raised a total of at least $15 million after January 1, 2019, the Company shall pay Gerard M. Jacobs and William C. “Jake” Jacobs cash bonuses in the amounts of $250,000 and $100,000, respectively (the “Delayed December 1, 2020 Cash Bonuses”); provided that (i) commencing on January 1, 2021, the cash bonuses of $250,000 and $100,000 that were due and payable by the Company to Gerard M. Jacobs and William C. “Jake” Jacobs upon the closing of the Company’s acquisition of Lifted, which have not yet been paid and are payable upon demand by Gerard M. Jacobs and William C. “Jake” Jacobs, shall accrue interest until paid in full at the rate of 2% per year, and (ii) commencing on January 1, 2021, the Delayed December 1, 2020 Cash Bonuses, which have not yet been paid and are payable upon demand by Gerard M. Jacobs and William C. “Jake” Jacobs on or after January 1, 2021, shall accrue interest until paid in full at the rate of 2% per year.
Gerard M. Jacobs
Accrued bonus		$ 250,000											250,000
William C. Jacobs
Accrued bonus		$ 100,000											$ 100,000
Subsequent Event
Sale of stock	36,000
Share Price	$ 0.95
Proceeds from sale of stock	$ 34,200
Repayment of related party			$ 93,750
Payment of Dividends								$ 70,200
Accrued bonus											$ 350,000
Subsequent Event | Series A Preferred Stock [Member]
Number of shares converted				1,000	1,000	1,000	25,400		500	4,000
Shares issued for conversion				100,000	100,000	100,000	2,540,000		50,000	400,000
Subsequent Event | Series B Preferred Stock [Member]
Number of shares converted										60,000
Shares issued for conversion										60,000
Subsequent Event | Younite Corp
Advances to related party												$ 1,000