Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2023 | Oct. 17, 2023 | |
Cover [Abstract] | ||
Entity Registrant Name | LINGERIE FIGHTING CHAMPIONSHIPS, INC. | |
Entity Central Index Key | 0001407704 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | No | |
Document Period End Date | Sep. 30, 2023 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Entity Common Stock Shares Outstanding | 3,711,714,036 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-55498 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 20-8009362 | |
Entity Address Address Line 1 | 6955 North Durango Drive | |
Entity Address Address Line 2 | Suite 1115-129 | |
Entity Address City Or Town | Las Vegas | |
Entity Address State Or Province | NV | |
Entity Address Postal Zip Code | 89149 | |
City Area Code | 702 | |
Local Phone Number | 505-0743 | |
Entity Interactive Data Current | No |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Current Assets | ||
Cash and cash equivalents | $ 3,153 | $ 10,009 |
Total Current Assets | 3,153 | 10,009 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 35,572 | 37,098 |
Accounts payable - related party | 617,128 | 542,668 |
Accrued interest payable | 608,473 | 442,888 |
Promissory notes, net | 340,000 | 340,000 |
Convertible notes, net of $24,798 and $34,800 debt discount, respectively | 681,176 | 584,730 |
Derivative liabilities | 2,749,485 | 2,967,243 |
Total Current Liabilities | 5,031,834 | 4,914,627 |
STOCKHOLDERS' DEFICIT | ||
Preferred stock, par value $0.001 per share, 10,000,000 shares authorized, 51 shares issued and outstanding | 0 | 0 |
Common stock, par value $0.001 per share, 5,000,000,000 shares authorized, 3,711,714,036 shares issued and outstanding | 3,711,715 | 3,711,715 |
Additional paid-in capital | 1,327,104 | 1,327,104 |
Accumulated deficit | (10,067,500) | (9,943,437) |
Total stockholders' deficit | (5,028,681) | (4,904,618) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 3,153 | $ 10,009 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
BALANCE SHEETS | ||
Convertible notes, debt discount | $ 24,798 | $ 34,800 |
Preferred stock par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 51 | 51 |
Preferred stock, shares outstanding | 51 | 51 |
Common stock, Par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 |
Common stock, shares issued | 3,711,714,036 | 3,711,714,036 |
Common stock, shares outstanding | 3,711,714,036 | 3,711,714,036 |
STATEMENTS OF OPERATIONS (UNAUD
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
STATEMENTS OF OPERATIONS (UNAUDITED) | ||||
Revenue | $ 32,455 | $ 25,393 | $ 88,758 | $ 78,831 |
Cost of services | 10,449 | 9,700 | 51,252 | 24,657 |
GROSS PROFIT | 22,006 | 15,693 | 37,506 | 54,174 |
OPERATING EXPENSES | ||||
Selling, general and administrative expenses | 14,549 | 22,728 | 41,475 | 61,240 |
Professional fees | 47,676 | 21,000 | 72,822 | 53,000 |
Management salaries | 30,000 | 30,000 | 90,000 | 90,000 |
Total Operating Expenses | 92,225 | 73,728 | 204,297 | 204,240 |
OPERATING LOSS | (70,219) | (58,035) | (166,791) | (150,066) |
OTHER INCOME (EXPENSE) | ||||
Interest expense | (65,902) | (76,307) | (204,141) | (257,415) |
Gain (Loss) on change in fair value of derivative liabilities | (489,230) | (536,936) | 246,869 | 1,480,510 |
Total Other Income (Expense) | (555,132) | (613,243) | 42,728 | 1,223,095 |
NET INCOME (LOSS) | $ (625,351) | $ (671,278) | $ (124,063) | $ 1,073,029 |
Basic and Diluted Income (Loss) per Common Share | $ 0 | $ 0 | $ 0 | $ 0 |
Diluted Earnings (Loss) per Common Share | $ 0 | $ 0 | $ 0 | $ 0 |
Basic and Diluted Weighted Average Shares of Common Stock Outstanding | 3,711,714,036 | 3,535,302,536 | 3,711,714,036 | 3,535,302,536 |
Diluted Weighted Average Shares of Common Stock Outstanding | 10,200,924,610 | 9,821,423,487 | 10,200,924,610 | 9,821,423,487 |
STATEMENTS OF STOCKHOLDERS DEFI
STATEMENTS OF STOCKHOLDERS DEFICIT (UNAUDITED) - USD ($) | Total | Common Stock | Preferred Shares | Additional Paid-In Capital | Accumulated Deficit |
Balance, shares at Dec. 31, 2021 | 3,535,302,536 | 51 | |||
Balance, amount at Dec. 31, 2021 | $ (6,798,809) | $ 3,535,303 | $ 0 | $ 1,387,030 | $ (11,721,142) |
Net income | 803,986 | $ 0 | $ 0 | 0 | 803,986 |
Balance, shares at Mar. 31, 2022 | 3,535,302,536 | 51 | |||
Balance, amount at Mar. 31, 2022 | (5,994,823) | $ 3,535,303 | $ 0 | 1,387,030 | (10,917,156) |
Balance, shares at Dec. 31, 2021 | 3,535,302,536 | 51 | |||
Balance, amount at Dec. 31, 2021 | (6,798,809) | $ 3,535,303 | $ 0 | 1,387,030 | (11,721,142) |
Net income | 1,073,029 | ||||
Balance, shares at Sep. 30, 2022 | 3,535,302,536 | 51 | |||
Balance, amount at Sep. 30, 2022 | (5,725,779) | $ 3,535,303 | $ 0 | 1,387,030 | (10,648,112) |
Balance, shares at Mar. 31, 2022 | 3,535,302,536 | 51 | |||
Balance, amount at Mar. 31, 2022 | (5,994,823) | $ 3,535,303 | $ 0 | 1,387,030 | (10,917,156) |
Net income | 940,322 | $ 0 | $ 0 | 0 | 940,322 |
Balance, shares at Jun. 30, 2022 | 3,535,302,536 | 51 | |||
Balance, amount at Jun. 30, 2022 | (5,054,501) | $ 3,535,303 | $ 0 | 1,387,030 | (9,976,834) |
Net income | (671,278) | $ 0 | $ 0 | 0 | (671,278) |
Balance, shares at Sep. 30, 2022 | 3,535,302,536 | 51 | |||
Balance, amount at Sep. 30, 2022 | (5,725,779) | $ 3,535,303 | $ 0 | 1,387,030 | (10,648,112) |
Balance, shares at Dec. 31, 2022 | 3,711,714,036 | 51 | |||
Balance, amount at Dec. 31, 2022 | (4,904,618) | $ 3,711,715 | $ 0 | 1,327,104 | (9,943,437) |
Net income | (72,126) | $ 0 | $ 0 | 0 | (72,126) |
Balance, shares at Mar. 31, 2023 | 3,711,714,036 | 51 | |||
Balance, amount at Mar. 31, 2023 | (4,976,744) | $ 3,711,715 | $ 0 | 1,327,104 | (10,015,563) |
Balance, shares at Dec. 31, 2022 | 3,711,714,036 | 51 | |||
Balance, amount at Dec. 31, 2022 | (4,904,618) | $ 3,711,715 | $ 0 | 1,327,104 | (9,943,437) |
Net income | (124,063) | ||||
Balance, shares at Sep. 30, 2023 | 3,711,714,036 | 51 | |||
Balance, amount at Sep. 30, 2023 | (5,028,681) | $ 3,711,715 | $ 0 | 1,327,104 | (10,067,500) |
Balance, shares at Mar. 31, 2023 | 3,711,714,036 | 51 | |||
Balance, amount at Mar. 31, 2023 | (4,976,744) | $ 3,711,715 | $ 0 | 1,327,104 | (10,015,563) |
Net income | 573,414 | $ 0 | $ 0 | 0 | 573,414 |
Balance, shares at Jun. 30, 2023 | 3,711,714,036 | 51 | |||
Balance, amount at Jun. 30, 2023 | (4,403,330) | $ 3,711,715 | $ 0 | 1,327,104 | (9,442,149) |
Net income | (625,351) | $ 0 | $ 0 | 0 | (625,351) |
Balance, shares at Sep. 30, 2023 | 3,711,714,036 | 51 | |||
Balance, amount at Sep. 30, 2023 | $ (5,028,681) | $ 3,711,715 | $ 0 | $ 1,327,104 | $ (10,067,500) |
STATEMENTS OF CASH FLOWS (UNAUD
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) | $ (124,063) | $ 1,073,029 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Loss (Gain) on change in fair value of derivative liabilities | (246,869) | (1,480,510) |
Amortization of debt discount | 39,112 | 100,669 |
Changes in operating assets and liabilities: | ||
Accounts payable - related party | 74,460 | 57,500 |
Accounts payable and accrued liabilities | (1,525) | 25,671 |
Accrued interest payable | 165,585 | 156,746 |
Net cash used in operating activities | (93,300) | (66,895) |
CASH FLOWS FROM INVESTING ACTIVITIES | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from convertible debts | 86,444 | 45,000 |
Net cash provided by financing activities | 86,444 | 45,000 |
Net decrease in cash and cash equivalents | (6,856) | (21,895) |
Cash and cash equivalents - beginning of period | 10,009 | 34,481 |
Cash and cash equivalents - end of period | 3,153 | 12,586 |
Supplemental Cash Flow Disclosures | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | 0 | 0 |
Debt discount from derivative liabilities | $ 29,111 | $ 52,000 |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 9 Months Ended |
Sep. 30, 2023 | |
ORGANIZATION AND NATURE OF BUSINESS | |
ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Lingerie Fighting Championships, Inc. (the “Company”) is a Nevada corporation incorporated on November 29, 2006 under the name Sparking Events, Inc. The Company’s corporate name was changed to Xodtec Group USA, Inc. in June 2009, Xodtec LED, Inc. in May 2010, Cala Energy Corp. in September 2013 and Lingerie Fighting Championships, Inc. on April 1, 2015. The Company focuses on developing, producing, promoting, and distributing entertainment through live entertainment events, digital home videos, broadcast television networks, video on demand, and digital media channels in the United States. It offers wrestling and mixed martial arts fights featuring women under the LFC brand name. |
BASIS OF PRESENTATION AND ACCOU
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2023 | |
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | |
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | NOTE 2 – BASIS OF PRESENTATION AND ACCOUNTING POLICIES The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company uses the accrual basis of accounting and has adopted a December 31 fiscal year end. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company continually evaluates its estimates and judgments. The Company bases its estimates and judgments on historical experience and other factors that it believes to be reasonable under the circumstances. Materially different results can occur as circumstances change and additional information becomes known, even for estimates and judgments that are not deemed critical. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $3,153 and $10,009 in cash and cash equivalents as at September 30, 2023 and December 31, 2022, respectively. Revenue Recognition The Company recognizes revenue from the sale of products and services in accordance with ASC 606, “ Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company’s revenue derives from the development, promotion and distribution of live events and televised entertainment programming and also through sponsorship and site subscription. For the nine months ended September 30, 2023 and 2022, the Company recognized revenue of $88,758 and $78,831 and incurred cost of sales of $51,252 and $24,657, resulting in gross profit of $37,506 and $54,174, respectively. Earnings (Loss) per Share The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company. For the nine months ended September 30, 2023 and 2022, convertible notes and warrants were dilutive instruments and were included in the calculation of diluted earnings per share. September 30, September 30, 2023 2022 (Shares) (Shares) Convertible notes payable 3,223,619,336 2,063,454,285 Warrants 3,265,591,238 4,222,666,666 6,489,210,574 6,286,120,951 Related Party Balances and Transactions The Company follows FASB ASC 850, “ Related Party Disclosures Convertible Instruments and Derivatives The Company evaluates and account for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities.” Share-Based Compensation The Company measures the cost of services received in exchange for an award of an equity instrument based on the grant-date fair value of the award. Employee awards are accounted for under ASC 718 - where the awards are valued at grant date. Awards given to nonemployees are accounted for under ASC 505 where the awards are valued at earlier of commitment date or completion of services. Compensation cost for employee awards is recognized over the vesting or requisite service period. The Black-Scholes option-pricing model is used to estimate the fair value of options or warrants granted. Fair Value Measurement The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value 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. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 – quoted prices in active markets for identical assets or liabilities Level 2 – quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 – inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The derivative liability in connection with the conversion feature of the convertible debt, classified as a level 3 liability, is the only financial liability measured at fair value on a recurring basis. (See Note 8) The following table summarizes fair value measurement by level at September 30, 2023 and December 31, 2022, measured at fair value on a recurring basis: September 30, 2023 Level 1 Level 2 Level 3 Total Assets None - - - - Liabilities Derivative liabilities - - 2,749,485 2,749,485 December 31, 2022 Level 1 Level 2 Level 3 Total Assets None - - - - Liabilities Derivative liabilities - - 2,967,243 2,967,243 Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “ Debt—Debt with Conversion and Other Options In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. For the Company, the new standard was effective on January 1, 2021 and the adoption of this guidance to have a material impact on our financial statements. Management has considered all other recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Sep. 30, 2023 | |
GOING CONCERN | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared in conformity with GAAP, which contemplate continuation of the Company as a going concern. The Company has generated nominal revenues since inception, has sustained losses since its organization and requires funding to generate revenue. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company can give no assurances that it can or will become financially viable and continue as a going concern. |
STOCKHOLDERS DEFICIT
STOCKHOLDERS DEFICIT | 9 Months Ended |
Sep. 30, 2023 | |
STOCKHOLDERS DEFICIT | |
STOCKHOLDERS DEFICIT | NOTE 4 – STOCKHOLDERS DEFICIT Preferred Stock The authorized preferred stock consists of 10,000,000 shares with a par value $0.001 per share. The board of directors has broad discretion in setting the rights, preferences and privileges of one or more series of preferred stock. On September 3, 2016, the Company issued 51 Series A preferred shares to the Chief Executive Officer. The Series A preferred shares have voting rights, resulting in the Series A stockholder holding in aggregate approximately 51% of the total voting power of all issued and outstanding voting capital of the Company. The valuation of the preferred shares was completed by the Company based on the change in voting percentage rights before and after the Series A shares were issued. The value of the Series A shares is $42,669 and was expensed. There were 51 and 51 preferred shares issued and outstanding as at September 30, 2023 and December 31, 2022, respectively. Common Stock The Company has authorized 5,000,000,000 shares with a par value $0.001 per share. During the year ended December 31, 2022, the Company issued 176,411,500 shares of common stock for the exercise of 201,613,143 units of share purchase warrants. As of September 30, 2023 and December 31, 2022, the shares of common stock issued and outstanding was 3,711,714,036 respectively |
WARRANTS
WARRANTS | 9 Months Ended |
Sep. 30, 2023 | |
WARRANTS | |
WARRANTS | NOTE 5 – WARRANTS The below table summarizes the activity of warrants exercisable for shares of common stock during the nine months ended September 30, 2023 and year ended December 31, 2022: Number of Shares Weighted- Average Exercise Price Balances as of December 31, 2021 5,556,666,666 $ 0.0001 Granted 282,080,000 0.0005 Redeemed - - Exercised (201,613,143 ) 0.0001 Forfeited - - Balances as of December 31, 2022 5,637,133,523 $ 0.0001 Granted - - Redeemed - - Exercised - - Forfeited - - Balances as of September 30, 2023 5,637,133,523 $ 0.0001 During the year ended December 31, 2022, the Company issued 176,411,500 shares of common stock for the exercise of 201,613,143 units of share purchase warrants. The fair value of each warrant on the date of grant is estimated using the Black-Scholes option valuation model. The following weighted-average assumptions were used for warrants granted during the nine months ended September 30, 2023 and 2022: Nine Months Ended September 30, 2023 2022 Exercise price $0.0001 - $0.0008 $0.0001 - $0.0008 Expected term 2.17 years 3.10 years Expected average volatility 204% - 355% 180% - 365% Expected dividend yield - - Risk-free interest rate 3.81% - 4.88% 2.28% - 4.06% The following table summarizes information relating to outstanding and exercisable warrants as of September 30, 2023: Warrants Outstanding Warrants Exercisable Weighted Average Number Remaining Contractual Weighted Average Number Weighted Average of Shares life (in years) Exercise Price of Shares Exercise Price 5,637,133,523 2.17 $ 0.0001 5,048,386,857 $ 0.0001 Aggregate intrinsic value is the sum of the amounts by which the quoted market price of the Company’s stock exceeded the exercise price of the warrants at September 30, 2023 for those warrants for which the quoted market price was in excess of the exercise price (“in-the-money” warrants). As of September 30, 2023, the aggregate intrinsic value of warrants outstanding was approximately $979,677 based on the closing market price of $0.0003 on September 30, 2023. The Company determined that the warrants qualify for derivative accounting as a result of the related issuance of the convertible notes. As of September 30, 2023 and December 31, 2022, the Company valued the fair value on the 5,637,133,523 units of common stock purchase warrants granted at $1,642,147 and $1,683,773 based on Black-Scholes option valuation model, respectively. |
PROMISSORY NOTES
PROMISSORY NOTES | 9 Months Ended |
Sep. 30, 2023 | |
PROMISSORY NOTES | |
PROMISSORY NOTES | NOTE 6 – PROMISSORY NOTES The Company had the following promissory notes payable as at September 30, 2023 and December 31, 2022: September 30, 2023 December 31, 2022 Promissory Notes to Auctus Fund $ 340,000 $ 340,000 Total Promissory Notes $ 340,000 $ 340,000 On March 4, 2021, the Company entered into an agreement with Auctus Fund, LLC to issue a senior secured promissory note of $300,000 to the unrelated party, which bears interest at 12% of the principal amount. The promissory note matures on March 4, 2022. In conjunction with the convertible note, the Company issued warrants to purchase 150,000,000 shares of common stock, exercisable for five years from issuance at $0.002 per share and returnable warrants to purchase 150,000,000 shares of common stock, exercisable for five years form issuance at $0.002 per share which will be automatically expired in the event that the Company repays the convertible promissory notes prior to its maturity date. (See Note 5) The note was discounted for original issued discount of $35,000 and a derivative on warrants of $265,000 for an aggregate discount of $300,000, which is being amortized over the life of the note using the effective interest method resulting in $248,077 of debt discount amortization for the year ended December 31, 2021. As of September 30, 2023 and December 31, 2022, the note is presented at $300,000, net of debt discount of $0. On December 6, 2021, the Company entered into an agreement with Auctus Fund, LLC to issue a senior secured promissory note of $40,000 to the unrelated party, which bears interest at 12% of the principal amount. The promissory note matures on December 6, 2022. In conjunction with the convertible note, the Company issued first common stock purchased warrants to purchase 50,000,000 shares of common stock, exercisable for five years from issuance at $0.0008 per share and second common stock purchased warrants to purchase 50,000,000 shares of common stock, exercisable for five years form issuance at $0.0008 per share which will be automatically expired in the event that the Company repays the convertible promissory notes prior to its maturity date. (See Note 5) The note was discounted for original issued discount of $9,000 and a derivative on warrants of $31,000 for an aggregate discount of $40,000, which is being amortized over the life of the note using the effective interest method resulting in $2,740 of debt discount amortization for the year ended December 31, 2021. As of September 30, 2023 and December 31, 2022, the note is presented at $40,000, net of debt discount of $0. During the nine months ended September 30, 2023 and 2022, interest expense of $39,492 and $26,183 was incurred on the promissory notes. As of September 30, 2023 and December 31, 2022, accrued interest payable on the promissory note was $125,300 and $85,809, respectively. |
CONVERTIBLE NOTES
CONVERTIBLE NOTES | 9 Months Ended |
Sep. 30, 2023 | |
CONVERTIBLE NOTES | |
CONVERTIBLE NOTES | NOTE 7 - CONVERTIBLE NOTES The Company had the following unsecured convertible notes payable as at September 30, 2023 and December 31, 2022: September 30, 2023 December 31, 2022 Convertible Promissory Notes to Auctus Fund $ 681,176 $ 584,730 Total Convertible Debts $ 681,176 $ 584,730 Promissory Notes Payable to Auctus Fund Auctus #1 On May 20, 2016, the Company entered into an agreement to issue a convertible promissory note to an unrelated party for an amount of $67,750 with a $7,750 original issue discount. The convertible promissory note bears interest at 10% per annum and matures nine months from issue date. The conversion price is 50% of the lowest trading price 25 days prior to conversion. The note was discounted for a derivative and the discount of $60,000 is being amortized over the life of the note using the effective interest method resulting in $0 and $14,542 of interest expense for the year ended December 31, 2018 and December 31, 2017, respectively. During the year ended December 31, 2017, principal of $15,278 and accrued interest of $5,975 were converted into111,460,000 shares of common stock. During the year ended December 31, 2018, accrued interest of $2,494 were converted into 133,258,300 shares of common stock. During the year ended December 31, 2019, principal of $40,241 and accrued interest of $1,153 were converted into 1,066,179,950 shares of common stock. During the year ended December 31, 2020, accrued interest of $12,717 were converted into 317,919,774 shares of common stock. During the year ended December 31, 2021, principal of $3,746 and accrued interest of $5,834 were converted into 239,266,512 shares of common stock. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $1,265 and $1,265, respectively. This note is currently in default. Auctus #2 On September 20, 2016, the Company entered into an agreement to issue a convertible promissory note to an unrelated party for an amount of $56,750 with a $6,750 original issue discount. The convertible promissory note bears interest at 10% per annum and matures nine months from issue date. The conversion price is 50% of the lowest trading price 25 days prior to conversion. The note was discounted for a derivative and the discount of $50,000 is being amortized over the life of the note using the effective interest method resulting in $0 and $35,607 of interest expense for the year ended December 31, 2018 and year ended December 31, 2017, respectively. On July 7, 2017, note amendment was executed with $20,000 increase in principal of the note and the note principal increased to $76,750. The Company received $20,000 cash proceeds from the note amendment on the same date. During the year ended December 31, 2021, principal of $76,750 and accrued interest of $83,128 were converted into 288,590,075 shares of common stock. As of September 30, 2023 and December 31, 2022, the notes were fully paid off through the issuance of common stock. Auctus #3 On January 13, 2017, the Company entered into an agreement with Power Up Lending Group to issue a convertible promissory note of 45,000 with a $2,500 original issue discount to the unrelated party, which bears interest at 8% of the principal amount. The promissory note matures on January 13, 2018. The conversion price shall be equal to 57.5% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days prior to the date on which the unrelated party elects to convert all or part of the note. The note was discounted for a derivative and the discount of $45,000 is being amortized over the life of the note using the effective interest method. Total of $0 and $40,843 of the discount was recorded as interest expense for the year ended December 31, 2018 and the year ended December 31, 2017. During the year ended December 31, 2017, principal of $6,700 was converted into 30,455,486 shares of common stock. On June 14, 2017, the Company entered into an agreement with Power Up Lending Group to issue a convertible promissory note of $7,500 to the unrelated party, which bears interest at 12% of the principal amount. The promissory note matured on March 20, 2018. The conversion price shall be equal to 50% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days prior to the date on which the unrelated party elects to convert all or part of the note. The note was discounted for a derivative and the discount of $7,500 is being amortized over the life of the note using the effective interest method. Total of $0 and $4,462 of the discount was recorded as interest expense for the year ended December 31, 2018 and the year ended December 31, 2017. On November 27, 2017, Auctus Fund, LLC entered into an agreement with Power Up Lending Group Ltd. to buy out the total outstanding principal amount and accrued interest of the two convertible promissory notes at $50,774.54. The note bears interest at 12% of the principal amount and matured on March 20, 2018. The conversion price shall be equal 57.5% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days prior to the date on which the unrelated party elects to convert all or part of the note. During the year ended December 31, 2018 and the year ended December 31, 2017, interest expense of $5,030 and $2,165 was recorded over the remaining note discount transferred the two convertible notes of $7,195. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $50,745. This note is currently in default. Auctus #4 On November 2, 2017, the Company entered into an agreement to issue a convertible promissory note of $53,000 to the unrelated party, which bears interest at 12% of the principal amount. The promissory note matures on August 2, 2018. The conversion price shall be equal to 50% of the lowest trading price of the Company’s common stock during the 25 consecutive trading days prior to the date on which the unrelated party elects to convert all or part of the note. The note was discounted for a derivative and the discount of $53,000 is being amortized over the life of the note using the effective interest method. Total of $41,546 and $11,454 of the discount was recorded as interest expense for the year ended December 31, 2018 and the year ended December 31, 2017. On February 23, 2018, EMA Financial LLC and Auctus Fund, LLC each made repayment to Crown Bridge Partners, LLC on behalf of the Company at $5,636.04 to settle the total outstanding principal and accrued penalty amount at $11,272.08 of the $40,000 convertible note. As a result, the principal amount of the $53,000 convertible note increased to $58,636.04. During the year ended December 31, 2021, principal of $58,636 and accrued interest of $52,583 were converted into 166,178,366 shares of common stock. As of September 30, 2023, the notes were fully paid off through the issuance of common stock. Auctus #5 On March 7, 2018, the Company entered into an agreement to issue a convertible promissory note to an unrelated party for an amount of $30,000 with a $5,000 original issue discount. The convertible promissory note bears interest at 12% per annum and matures nine months from issue date. The conversion price is 50% of the lowest trading price 25 days prior to conversion. The note was discounted for a derivative and the discount of $30,000 is being amortized over the life of the note using the effective interest method resulting in $30,000 of interest expense for the year ended December 31, 2018. During the year ended December 31, 2021, accrued interest of $26,384 were converted into 168,027,000 shares of common stock. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $30,000. This note is currently in default. Auctus #6 On July 9, 2018, the Company entered into an agreement to issue a convertible promissory note to an unrelated party for an amount of $43,500 with a $5,000 original issue discount. On July 25, 2018, the convertible promissory note was further amended with principal increased to $48,500. The convertible promissory note bears interest at 12% per annum and matures nine months from issue date. The conversion price is 50% of the lowest trading price 25 days prior to conversion. The note was discounted for a derivative and the discount of $48,500 is being amortized over the life of the note using the effective interest method resulting in $17,524 and $30,976 of interest expense for the year ended December 31, 2019 and the year ended December 31, 2018, respectively. In conjunction with the convertible note, the Company issued warrants to purchase 72,500,000 shares of common stock, exercisable for five years from issuance at $0.0003 per share. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $48,500. This note is currently in default. Auctus #7 On March 22, 2019, the Company entered into an agreement to issue a convertible promissory note to an unrelated party for an amount of $62,500 with a $9,000 original issue discount. The convertible promissory note bears interest at 12% per annum and matures nine months from issue date. The conversion price is 50% of the lowest trading price 25 days prior to conversion. The note was discounted for a derivative and the discount of $62,500 is being amortized over the life of the note using the effective interest method resulting in $62,500 of interest expense for the year ended December 31, 2019. In conjunction with the convertible note, the Company issued warrants to purchase 209,000,000 shares of common stock, exercisable for five years from issuance at $0.0003 per share. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $62,500. This note is currently in default. Auctus#8 On October 23, 2019, the Company entered into an agreement to issue a convertible promissory note of $100,000 to the unrelated party, which bears interest at 12% per annum and matures nine months from issue date. The conversion price shall be equal to the lesser of (i) 50% multiplied by the lowest Trading Price during the previous twenty-five Trading Day period ending on the latest complete Trading Day prior to the date of this Note and (ii) the Variable Conversion Price, that is 50% multiplied by the Market Price, being the lowest Trading Price for the Common Stock during the twenty-five Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. The note was discounted for a derivative and the discount of $100,000 is being amortized over the life of the note using the effective interest method resulting in $25,182 of interest expense for the year ended December 31, 2019. In conjunction with the convertible note, the Company issued warrants to purchase 50,000,000 shares of common stock, exercisable for five years from issuance at $0.0001 per share. During the year ended December 31, 2022, the Company issued 176,411,500 shares of common stock for the exercise of 201,613,143 units of share purchase warrants. As of September 30, 2023, the outstanding units of warrants was 298,398,857. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $100,000. This note is currently in default. Auctus#9 On August 4, 2020, the Company entered into an agreement with Auctus Fund, LLC to issue a convertible promissory note of $31,000 to the unrelated party, which bears interest at 12% of the principal amount. The promissory note matures on August 4, 2021. The note is to be repaid by six equal payments commencing on the sixth month anniversary of issuance and due monthly thereafter. The conversion price shall be equal to the lesser of (i) the lowest Trading Price during the previous five trading date period ending on the latest completed trading Day prior to the date of this Note and (ii) Variable Conversion Price, that is Market Price being the volume weighted average price (VWAP) for the Common Stock during the five trading day period ending on the latest complete trading day prior to the conversion date. The note was discounted for a derivative and the discount of $31,000 is being amortized over the life of the note using the effective interest method. In conjunction with the convertible note, the Company issued warrants to purchase 206,666,666 shares of common stock, exercisable for five years from issuance at $0.0003 per share. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $31,000. This note is currently in default. Auctus#10 On November 2, 2020, the Company entered into an agreement with Auctus Fund, LLC to issue a convertible promissory note of $225,000 to the unrelated party, which bears interest at 12% of the principal amount. The promissory note matures on November 2, 2021. The note is to be repaid by six equal payments commencing on the sixth month anniversary of issuance and due monthly thereafter. The conversion price shall be equal to the lesser of (i) the lowest Trading Price and (ii) Variable Conversion Price, that is Market Price being the lowest trading price for the common stock during the one trading day period ending on the latest complete trading day prior to the conversion date. The note was discounted for a derivative and the discount of $225,000 is being amortized over the life of the note using the effective interest method. In conjunction with the convertible note, the Company issued warrants to purchase 2,225,000,000 shares of common stock, exercisable for five years from issuance at $0.0001 per share and returnable warrants to purchase 2,225,000,000 shares of common stock, exercisable for five years form issuance at $0.0001 per share which will be automatically expired in the event that the Company repays the convertible promissory notes prior to its maturity date. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $225,000. This note is currently in default. Auctus#13 On May 12, 2022, the Company entered into an agreement with Auctus Fund, LLC to issue a convertible promissory note of $52,000 to the unrelated party, which bears interest at 12% of the principal amount. The convertible promissory note matures on May 12, 2023. The note is convertible into common shares of $0.0005 per share. The note was discounted for a derivative and the discount of $52,000 is being amortized over the life of the note using the effective interest method. During the nine months ended September 30, 2023, the amortization of note discount was $19,375. As of September 30, 2023 the unamortized note discount was fully amortized. In conjunction with the convertible note, the Company issued warrants to purchase 104,000,000 shares of common stock (“First Warrant”), exercisable for five years from issuance at $0.0005 per share and warrants to purchase 104,000,000 shares of common stock (“Second Warrant”), exercisable for five years form issuance at $0.0005 per share which will be automatically expired in the event that the Company repays the convertible promissory notes prior to its maturity date. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $52,000 and $32,625, respectively. This note is currently in default. Auctus#14 On October 31, 2022, the Company entered into an agreement with Auctus Fund, LLC to issue a convertible promissory note of $18,520. The convertible promissory note matures on October 31, 2023 and bears annual interest rate at 12%. The note is convertible into common shares of $0.0005 per share. The note was discounted for a derivative and the discount of $18,520 is being amortized over the life of the note using the effective interest method. During the nine months ended September 30, 2023, the amortization of note discount was $13,852. As of September 30, 2023, the unamortized note discount was $1,573. In conjunction with the convertible note, the Company issued warrants to purchase 37,040,000 shares of common stock (“First Warrant”), exercisable for five years from issuance at $0.0005 per share and warrants to purchase 104,000,000 shares of common stock (“Second Warrant”), exercisable for five years form issuance at $0.0005 per share which will be automatically expired in the event that the Company repays the convertible promissory notes prior to its maturity date. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $16,947 and $3,095, respectively. Auctus#15 On July 18, 2023, the Company entered into an agreement with Auctus Fund, LLC to issue a convertible promissory note of $86,444. The convertible promissory note matures on July 18, 2024 and bears annual interest rate at 12%. The note is convertible into common shares of $0.0005 per share. The note was discounted for a derivative and the discount of $29,111 is being amortized over the life of the note using the effective interest method. During the nine months ended September 30, 2023, the amortization of note discount was $5,886. As of September 30, 2023, the unamortized note discount was $23,225. As of September 30, 2023 and December 31, 2022, the note is presented net of a debt discount of $63,219 and $0, respectively. Accrued interest on convertible notes During the nine months ended September 30, 2023 and 2022, interest expense of $126,093 and $117,254 was incurred on convertible notes, respectively. As of September 30, 2023 and December 31, 2022, accrued interest payable on convertible notes was $483,172 and $357,080, respectively. |
DERIVATIVE LIABILITY
DERIVATIVE LIABILITY | 9 Months Ended |
Sep. 30, 2023 | |
DERIVATIVE LIABILITY | |
DERIVATIVE LIABILITY | NOTE 8 - DERIVATIVE LIABILITY The Company analyzed the conversion options for derivative accounting consideration under ASC 815, Derivatives and Hedging, and hedging, and determined that the instrument should be classified as a liability when the conversion option becomes effective. The following table summarizes the derivative liabilities included in the balance sheet at September 30, 2023: Balance - December 31, 2022 $ 2,967,243 Addition of new derivative liabilities upon issuance of convertible notes as debt discount 29,111 Loss (Gain) on change in fair value of the derivative (246,869 ) Balance - September 30, 2023 $ 2,749,485 The following table summarizes the loss (gain) on derivative liability included in the income statement for the nine months ended September 30, 2023 and 2022, respectively. Nine Months Ended September 30, September 30, 2023 2022 Day one loss due to derivative liabilities on convertible notes and warrants $ - $ 72,101 Loss (Gain) on change in fair value of derivative liabilities on convertible notes and warrants $ (246,869 ) $ (1,552,611 ) Loss (Gain) on change in fair value of derivative liabilities $ (246,869 ) $ (1,480,510 ) The table below shows the Black-Scholes option-pricing model inputs used by the Company to value the derivative liability for convertible notes at each measurement date: Nine Months Ended September 30, September 30, 2023 2022 Expected term 0.34 years 0.62 years Expected average volatility 202% - 393% 346% - 349% Expected dividend yield - - Risk-free interest rate 4.74% - 5.43% 2.07% - 2.99% |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2023 | |
RELATED PARTY TRANSACTIONS | |
RELATED PARTY TRANSACTIONS | NOTE 9 - RELATED PARTY TRANSACTIONS During the nine months ended September 30, 2023, the Company accrued $90,000 of salary payable to the Director of the Company and paid $5,540 owing to him for the accrued salaries. During the nine months ended September 30, 2022, the Company accrued $90,000 of salary payable to the Director of the Company and paid $32,500 owing to him for the accrued salaries. As of September 30, 2023 and December 31, 2022, amount due to the related party was $617,128 and $542,668, respectively. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2023 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE 10 - SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to the September 30, 2023 to the date these financial statements were issued and has determined that it has the below subsequent event: On October 10, 2023, the Company entered into an agreement with Auctus Fund, LLC to issue a convertible promissory note of $62,000 for proceeds of $59,000 to the unrelated party, which bears interest at 12% of the principal amount. The convertible promissory note matures on October 10, 2024. The note is convertible into common shares of $0.0002 per share. In conjunction with the convertible note, the Company issued warrants to purchase 92,441,997 shares of common stock (“First Warrant”), exercisable for five years from issuance at $0.0005 per share and warrants to purchase 92,441,997 shares of common stock (“Second Warrant”), exercisable for five years form issuance at $0.0005 per share which will be automatically expired in the event that the Company repays the convertible promissory notes prior to its maturity date. |
BASIS OF PRESENTATION AND ACC_2
BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | |
Use of Estimates | The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company continually evaluates its estimates and judgments. The Company bases its estimates and judgments on historical experience and other factors that it believes to be reasonable under the circumstances. Materially different results can occur as circumstances change and additional information becomes known, even for estimates and judgments that are not deemed critical. |
Cash and Cash Equivalents | The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $3,153 and $10,009 in cash and cash equivalents as at September 30, 2023 and December 31, 2022, respectively. |
Revenue Recognition | The Company recognizes revenue from the sale of products and services in accordance with ASC 606, “ Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company’s revenue derives from the development, promotion and distribution of live events and televised entertainment programming and also through sponsorship and site subscription. For the nine months ended September 30, 2023 and 2022, the Company recognized revenue of $88,758 and $78,831 and incurred cost of sales of $51,252 and $24,657, resulting in gross profit of $37,506 and $54,174, respectively. |
Earnings (Loss) per Share | The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company. For the nine months ended September 30, 2023 and 2022, convertible notes and warrants were dilutive instruments and were included in the calculation of diluted earnings per share. September 30, September 30, 2023 2022 (Shares) (Shares) Convertible notes payable 3,223,619,336 2,063,454,285 Warrants 3,265,591,238 4,222,666,666 6,489,210,574 6,286,120,951 |
Related Party Balances and Transactions | The Company follows FASB ASC 850, “ Related Party Disclosures |
Convertible Instruments and Derivatives | The Company evaluates and account for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities.” |
Share-Based Compensation | The Company measures the cost of services received in exchange for an award of an equity instrument based on the grant-date fair value of the award. Employee awards are accounted for under ASC 718 - where the awards are valued at grant date. Awards given to nonemployees are accounted for under ASC 505 where the awards are valued at earlier of commitment date or completion of services. Compensation cost for employee awards is recognized over the vesting or requisite service period. The Black-Scholes option-pricing model is used to estimate the fair value of options or warrants granted. |
Fair Value Measurement | The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value 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. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 – quoted prices in active markets for identical assets or liabilities Level 2 – quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 – inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The derivative liability in connection with the conversion feature of the convertible debt, classified as a level 3 liability, is the only financial liability measured at fair value on a recurring basis. (See Note 8) The following table summarizes fair value measurement by level at September 30, 2023 and December 31, 2022, measured at fair value on a recurring basis: September 30, 2023 Level 1 Level 2 Level 3 Total Assets None - - - - Liabilities Derivative liabilities - - 2,749,485 2,749,485 December 31, 2022 Level 1 Level 2 Level 3 Total Assets None - - - - Liabilities Derivative liabilities - - 2,967,243 2,967,243 |
Recent Accounting Pronouncements | In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “ Debt—Debt with Conversion and Other Options In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. For the Company, the new standard was effective on January 1, 2021 and the adoption of this guidance to have a material impact on our financial statements. Management has considered all other recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. |
BASIS OF PRESENTATION AND ACC_3
BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | |
Schedule of anti dilutive securities excluded from the computation of EPS | September 30, September 30, 2023 2022 (Shares) (Shares) Convertible notes payable 3,223,619,336 2,063,454,285 Warrants 3,265,591,238 4,222,666,666 6,489,210,574 6,286,120,951 |
Schedule of fair value measurement on recurring Basis | September 30, 2023 Level 1 Level 2 Level 3 Total Assets None - - - - Liabilities Derivative liabilities - - 2,749,485 2,749,485 December 31, 2022 Level 1 Level 2 Level 3 Total Assets None - - - - Liabilities Derivative liabilities - - 2,967,243 2,967,243 |
WARRANTS (Tables)
WARRANTS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
WARRANTS | |
Schedule of warrants exercisable for common shares | Number of Shares Weighted- Average Exercise Price Balances as of December 31, 2021 5,556,666,666 $ 0.0001 Granted 282,080,000 0.0005 Redeemed - - Exercised (201,613,143 ) 0.0001 Forfeited - - Balances as of December 31, 2022 5,637,133,523 $ 0.0001 Granted - - Redeemed - - Exercised - - Forfeited - - Balances as of September 30, 2023 5,637,133,523 $ 0.0001 |
Schedule of weighted-average assumptions | Nine Months Ended September 30, 2023 2022 Exercise price $0.0001 - $0.0008 $0.0001 - $0.0008 Expected term 2.17 years 3.10 years Expected average volatility 204% - 355% 180% - 365% Expected dividend yield - - Risk-free interest rate 3.81% - 4.88% 2.28% - 4.06% |
Schedule of outstanding and exercisable warrants | Warrants Outstanding Warrants Exercisable Weighted Average Number Remaining Contractual Weighted Average Number Weighted Average of Shares life (in years) Exercise Price of Shares Exercise Price 5,637,133,523 2.17 $ 0.0001 5,048,386,857 $ 0.0001 |
PROMISSORY NOTES (Tables)
PROMISSORY NOTES (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
PROMISSORY NOTES | |
Schedule of Promissory Notes Payable | September 30, 2023 December 31, 2022 Promissory Notes to Auctus Fund $ 340,000 $ 340,000 Total Promissory Notes $ 340,000 $ 340,000 |
CONVERTIBLE NOTES (Tables)
CONVERTIBLE NOTES (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
CONVERTIBLE NOTES | |
Schedule of convertible notes payable | September 30, 2023 December 31, 2022 Convertible Promissory Notes to Auctus Fund $ 681,176 $ 584,730 Total Convertible Debts $ 681,176 $ 584,730 |
DERIVATIVE LIABILITY (Tables)
DERIVATIVE LIABILITY (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
DERIVATIVE LIABILITY | |
Schedule of derivative liabilities | Balance - December 31, 2022 $ 2,967,243 Addition of new derivative liabilities upon issuance of convertible notes as debt discount 29,111 Loss (Gain) on change in fair value of the derivative (246,869 ) Balance - September 30, 2023 $ 2,749,485 |
Schedule of loss (Gain) on derivative liability | Nine Months Ended September 30, September 30, 2023 2022 Day one loss due to derivative liabilities on convertible notes and warrants $ - $ 72,101 Loss (Gain) on change in fair value of derivative liabilities on convertible notes and warrants $ (246,869 ) $ (1,552,611 ) Loss (Gain) on change in fair value of derivative liabilities $ (246,869 ) $ (1,480,510 ) |
Schedule of fair value assumptions used to measure derivative liabilities | Nine Months Ended September 30, September 30, 2023 2022 Expected term 0.34 years 0.62 years Expected average volatility 202% - 393% 346% - 349% Expected dividend yield - - Risk-free interest rate 4.74% - 5.43% 2.07% - 2.99% |
BASIS OF PRESENTATION AND ACC_4
BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Details) - shares | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Stock Issued During Period, Shares, New Issues | 6,489,210,574 | 6,286,120,951 |
Warrants [Member] | ||
Stock Issued During Period, Shares, New Issues | 3,265,591,238 | 4,222,666,666 |
Convertible Notes Payable [Member] | ||
Stock Issued During Period, Shares, New Issues | 3,223,619,336 | 2,063,454,285 |
BASIS OF PRESENTATION AND ACC_5
BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Details 1) - USD ($) | Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Derivative liabilities | $ 2,749,485 | $ 2,231,144 | $ 2,907,433 | $ 2,967,243 |
Derivative assets | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Derivative liabilities | 0 | 0 | ||
Derivative assets | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Derivative liabilities | 2,749,485 | 2,967,243 | ||
Derivative assets | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | ||||
Derivative liabilities | 0 | 0 | ||
Derivative assets | $ 0 | $ 0 |
BASIS OF PRESENTATION AND ACC_6
BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | ||||||
Cash and cash equivalents | $ 3,153 | $ 12,586 | $ 3,153 | $ 12,586 | $ 10,009 | $ 34,481 |
Cost of Sales | 51,252 | 24,657 | ||||
GROSS PROFIT | 22,006 | 15,693 | 37,506 | 54,174 | ||
Revenue | $ 32,455 | $ 25,393 | $ 88,758 | $ 78,831 |
STOCKHOLDERS DEFICIT (Details N
STOCKHOLDERS DEFICIT (Details Narrative) - USD ($) | 12 Months Ended | ||
Sep. 03, 2016 | Dec. 31, 2022 | Sep. 30, 2023 | |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | |
Preferred stock par value (in dollars per share) | $ 0.001 | $ 0.001 | |
Preferred stock, shares issued | 51 | 51 | |
Preferred stock, shares outstanding | 51 | 51 | |
Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 | |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | |
Common stock, shares issued | 3,711,714,036 | 3,711,714,036 | |
Common stock, shares outstanding | 3,711,714,036 | 3,711,714,036 | |
Common Shares [Member] | |||
Common shares issued for conversion of debt | 176,411,500 | ||
Number of warrants exercised | 201,613,143 | ||
Series A Preferred Stocks [Member] | Chief Executive Officers [Member] | |||
Preferred stock, shares issued | 51 | ||
Ownership percentage | 51% | ||
Series A common stock Value | $ 42,669 |
WARRANTS (Details)
WARRANTS (Details) - $ / shares | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Number of Shares | ||
Number of Shares, Balances beginning | 5,637,133,523 | 5,556,666,666 |
Number of Shares Granted | 282,080,000 | |
Number of Shares Exercised | (201,613,143) | |
Number of Shares, Balances ending | 5,637,133,523 | 5,637,133,523 |
Weighted Average Exercise Price | ||
Weighted Average Exercise Price , Balances beginning | $ 0.0001 | $ 0.0001 |
Weighted Average Exercise Price Exercised | 0.0001 | |
Weighted Average Exercise Price Granted | 0 | 0.0005 |
Weighted Average Exercise Price , Balances ending | $ 0.0001 | $ 0.0001 |
WARRANTS (Details 1)
WARRANTS (Details 1) - $ / shares | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Expected dividend yield | 0% | 0% |
Expected term | 2 years 2 months 1 day | 3 years 1 month 6 days |
Minimum [Member] | ||
Exercise price | $ 0.0001 | $ 0.0001 |
Expected average volatility | 204% | 180% |
Risk-free interest rate | 3.81% | 2.28% |
Maximum [Member] | ||
Exercise price | $ 0.0008 | $ 0.0008 |
Expected average volatility | 355% | 365% |
Risk-free interest rate | 4.88% | 4.06% |
WARRANTS (Details 2)
WARRANTS (Details 2) | 9 Months Ended |
Sep. 30, 2023 $ / shares shares | |
Warrants Outstanding [Member] | |
Number of shares outstanding | shares | 5,637,133,523 |
Weighted Average Remaining Contractual life (in years) Warrants Outstanding | 2 years 2 months 1 day |
Weighted average exercise prices | $ / shares | $ 0.0001 |
Warrants Exercisable [Member] | |
Number of shares outstanding | shares | 5,048,386,857 |
Weighted average exercise prices | $ / shares | $ 0.0001 |
WARRANTS (Details Narrative)
WARRANTS (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Aggregate intrinsic value of warrants outstanding | $ 979,677 | |
Closing market price | $ 0.0003 | |
Fair value of warrants | $ 5,637,133,523 | |
Warrants granted | 1,642,147 | 1,683,773 |
Common Shares [Member] | ||
Common shares issued for conversion of debt | 176,411,500 | |
Number of warrants exercised | 201,613,143 |
PROMISSORY NOTES (Details)
PROMISSORY NOTES (Details) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
PROMISSORY NOTES | ||
Promissory Notes to Auctus Fund | $ 340,000 | $ 340,000 |
Total Promissory Notes | $ 340,000 | $ 340,000 |
PROMISSORY NOTE (Details Narrat
PROMISSORY NOTE (Details Narrative) - USD ($) | 9 Months Ended | ||||
Dec. 06, 2021 | Mar. 04, 2021 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Debt instrument, original issue discount | $ 9,000 | $ 35,000 | |||
Warrants derivative amount | 31,000 | 265,000 | |||
Debt instrument aggregate discount | 40,000 | 300,000 | |||
Debt instrument face amount | $ 2,740 | $ 248,077 | |||
Convertible notes, warrant issued to purchase common stock shares | 50,000,000 | 150,000,000 | |||
Warrants price per share | $ 0.0008 | $ 0.002 | |||
Accrued interest payable | $ 608,473 | $ 442,888 | |||
Auctus Fund [Member] | |||||
Convertible notes, warrant issued to purchase common stock shares | 50,000,000 | 150,000,000 | |||
Promissory note issued | $ 40,000 | $ 300,000 | |||
Debt instrument, maturity date | Dec. 06, 2022 | Mar. 04, 2022 | |||
Debt instrument, rate of interest, percentage | 12% | 12% | |||
Warrants price per share | $ 0.0008 | $ 0.002 | |||
Accrued interest payable | 125,300 | $ 85,809 | |||
Interest expense on notes | 39,492 | $ 26,183 | |||
Auctus Fund [Member] | March 04, 2021 [Member] | |||||
Net of debt discount | 300,000 | ||||
Discount amount | 0 | ||||
Auctus Fund [Member] | December 06, 2021 [Member] | |||||
Net of debt discount | 40,000 | ||||
Discount amount | $ 0 |
CONVERTIBLE NOTES (Details)
CONVERTIBLE NOTES (Details) - Convertible Notes Payable [Member] - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Convertible notes payable, current | $ 681,176 | $ 584,730 |
Auctus Fund [Member] | ||
Convertible notes payable, current | $ 681,176 | $ 584,730 |
CONVERTIBLE NOTES (Details Narr
CONVERTIBLE NOTES (Details Narrative) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
May 12, 2022 USD ($) $ / shares shares | Dec. 06, 2021 USD ($) | Mar. 04, 2021 USD ($) | Nov. 02, 2020 USD ($) $ / shares shares | Mar. 07, 2018 USD ($) integer | Nov. 02, 2017 USD ($) integer | Jul. 07, 2017 USD ($) | Jun. 14, 2017 USD ($) integer | Jan. 13, 2017 USD ($) integer | Jul. 18, 2023 USD ($) $ / shares | Oct. 31, 2022 USD ($) $ / shares shares | Oct. 23, 2019 USD ($) | Mar. 22, 2019 USD ($) integer | Jul. 25, 2018 USD ($) integer | Nov. 27, 2017 USD ($) integer | Sep. 20, 2016 USD ($) integer | May 20, 2016 USD ($) integer | Sep. 30, 2023 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2020 USD ($) shares | Dec. 31, 2019 USD ($) $ / shares shares | Dec. 31, 2018 USD ($) shares | Dec. 31, 2017 USD ($) shares | Aug. 04, 2020 USD ($) | Jul. 09, 2018 USD ($) | Feb. 23, 2018 USD ($) | |
Amortization of debt discount | $ 39,112 | $ 100,669 | ||||||||||||||||||||||||||||
Interest expense | 126,093 | 117,254 | ||||||||||||||||||||||||||||
Interest expense | $ 65,902 | $ 76,307 | 204,141 | $ 257,415 | ||||||||||||||||||||||||||
Debt conversion, principal amount | $ 9,000 | $ 35,000 | ||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | ||||||||||||||||||||||||||||||
Accrued interest | 483,172 | 483,172 | $ 357,080 | |||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Auctus Fund 2 [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 50,000 | |||||||||||||||||||||||||||||
Interest expense | $ 0 | $ 35,607 | ||||||||||||||||||||||||||||
Convertible promissory notes, original issue discount | $ 6,750 | |||||||||||||||||||||||||||||
Convertible redeemable note interest rate | 10% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 25 | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 76,750 | $ 56,750 | ||||||||||||||||||||||||||||
Debt conversion, principal amount | $ 76,750 | |||||||||||||||||||||||||||||
Proceeds from promissory notes | 20,000 | |||||||||||||||||||||||||||||
Accrued interest | $ 83,128 | |||||||||||||||||||||||||||||
Shares issued upon debt conversion | shares | 288,590,075 | |||||||||||||||||||||||||||||
Increase in principal of note | $ 20,000 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Auctus Fund 10 [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 225,000 | |||||||||||||||||||||||||||||
Net of debt discount | $ 225,000 | $ 225,000 | 225,000 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Common stock price per share | $ / shares | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||||||||||||||||||||||||
Convertible notes payable, other current | $ 225,000 | |||||||||||||||||||||||||||||
Shares issued upon exercise of warrant | shares | 2,225,000,000 | 2,225,000,000 | ||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Auctus Fund 13 [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 52,000 | $ 19,375 | ||||||||||||||||||||||||||||
Net of debt discount | $ 52,000 | $ 52,000 | 32,625 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Debt instrument maturity date | May 12, 2023 | |||||||||||||||||||||||||||||
Common stock price per share | $ / shares | $ 0.0005 | $ 0.0005 | $ 0.0005 | |||||||||||||||||||||||||||
Convertible notes payable, other current | $ 52,000 | |||||||||||||||||||||||||||||
Shares issued upon exercise of warrant | shares | 104,000,000 | 104,000,000 | ||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Auctus Fund 14 [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 18,520 | $ 13,852 | ||||||||||||||||||||||||||||
Net of debt discount | $ 16,947 | $ 16,947 | 3,095 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Common stock price per share | $ / shares | $ 0.0005 | $ 0.0005 | $ 0.0005 | |||||||||||||||||||||||||||
Convertible notes payable, other current | $ 18,520 | |||||||||||||||||||||||||||||
Shares issued upon exercise of warrant | shares | 37,040,000 | 104,000,000 | ||||||||||||||||||||||||||||
Unamortization of debt discount | $ 1,573 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Auctus Fund 9 [Member] | ||||||||||||||||||||||||||||||
Net of debt discount | $ 31,000 | 31,000 | 31,000 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 31,000 | $ 31,000 | ||||||||||||||||||||||||||||
Common stock price per share | $ / shares | $ 0.0003 | $ 0.0003 | ||||||||||||||||||||||||||||
Convertible notes, warrant issued to purchase common stock | shares | 206,666,666 | |||||||||||||||||||||||||||||
Convertible notes payable, other current | $ 31,000 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Auctus Fund 15 [Member] | ||||||||||||||||||||||||||||||
Net of debt discount | $ 63,219 | $ 63,219 | 0 | |||||||||||||||||||||||||||
Unamortization of debt discount | 23,225 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | March 22, 2019 [Member] | Auctus Fund 7 [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 29,111 | $ 62,500 | 5,886 | |||||||||||||||||||||||||||
Interest expense | $ 62,500 | |||||||||||||||||||||||||||||
Convertible promissory notes, original issue discount | $ 86,444 | $ 9,000 | ||||||||||||||||||||||||||||
Net of debt discount | 62,500 | 62,500 | 62,500 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | 12% | ||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 25 | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 62,500 | |||||||||||||||||||||||||||||
Common stock price per share | $ / shares | $ 0.0005 | $ 0.0003 | ||||||||||||||||||||||||||||
Convertible notes, warrant issued to purchase common stock | shares | 209,000,000 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | January 13th 2017 [Member] | Power Up Lending Group [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 45,000 | |||||||||||||||||||||||||||||
Interest expense | 0 | 40,843 | ||||||||||||||||||||||||||||
Convertible promissory notes, original issue discount | $ 2,500 | |||||||||||||||||||||||||||||
Debt principal amount | $ 6,700 | |||||||||||||||||||||||||||||
Convertible redeemable note interest rate | 8% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 57.50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 20 | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 45,000 | |||||||||||||||||||||||||||||
Shares issued upon debt conversion | shares | 30,455,486 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | June 14th 2017 [Member] | Power Up Lending Group [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 7,500 | |||||||||||||||||||||||||||||
Interest expense | 0 | $ 4,462 | ||||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 20 | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 7,500 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | March 7th 2018 [Member] | Auctus Fund5 [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 30,000 | |||||||||||||||||||||||||||||
Interest expense | 30,000 | |||||||||||||||||||||||||||||
Common shares issued for conversion of debt | shares | 168,027,000 | |||||||||||||||||||||||||||||
Convertible promissory notes, original issue discount | $ 5,000 | |||||||||||||||||||||||||||||
Net of debt discount | 30,000 | 30,000 | 30,000 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 25 | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 30,000 | |||||||||||||||||||||||||||||
Accrued interest | $ 26,384 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | July 9, 2018 [Member] | Auctus Fund 6 [Member] | ||||||||||||||||||||||||||||||
Interest expense | $ 17,524 | 30,976 | ||||||||||||||||||||||||||||
Convertible promissory notes, original issue discount | $ 5,000 | |||||||||||||||||||||||||||||
Net of debt discount | $ 48,500 | $ 48,500 | $ 48,500 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 25 | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 48,500 | $ 43,500 | ||||||||||||||||||||||||||||
Common stock price per share | $ / shares | $ 0.0003 | |||||||||||||||||||||||||||||
Convertible notes, warrant issued to purchase common stock | shares | 72,500,000 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | October 23, 2019 [Member] | Auctus Fund 8 [Member] | ||||||||||||||||||||||||||||||
Interest expense | $ 25,182 | |||||||||||||||||||||||||||||
Common shares issued for conversion of debt | shares | 176,411,500 | |||||||||||||||||||||||||||||
Number of warrants exercised | shares | 201,613,143 | |||||||||||||||||||||||||||||
Number of warrants outstanding | shares | 298,398,857 | 298,398,857 | ||||||||||||||||||||||||||||
Net of debt discount | $ 100,000 | $ 100,000 | $ 100,000 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 50% | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 100,000 | |||||||||||||||||||||||||||||
Common stock price per share | $ / shares | $ 0.0001 | $ 0.0001 | ||||||||||||||||||||||||||||
Convertible notes, warrant issued to purchase common stock | shares | 50,000,000 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | ||||||||||||||||||||||||||||||
Convertible notes payable, current | $ 681,176 | $ 681,176 | 584,730 | |||||||||||||||||||||||||||
Convertible Notes Payable [Member] | Auctus Fund [Member] | ||||||||||||||||||||||||||||||
Convertible notes payable, current | 681,176 | 681,176 | 584,730 | |||||||||||||||||||||||||||
Debt conversion, principal amount | 3,746 | |||||||||||||||||||||||||||||
Accrued interest | $ 5,834 | |||||||||||||||||||||||||||||
Shares issued upon debt conversion | shares | 239,266,512 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | November 27th 2017 [Member] | Power Up Lending Group [Member] | ||||||||||||||||||||||||||||||
Interest expense | 5,030 | 2,165 | ||||||||||||||||||||||||||||
Convertible promissory notes, original issue discount | $ 7,195 | |||||||||||||||||||||||||||||
Net of debt discount | 50,745 | 50,745 | 50,745 | |||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 57.50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 20 | |||||||||||||||||||||||||||||
Debt instrument maturity date | Mar. 20, 2018 | |||||||||||||||||||||||||||||
Convertible promissory notes | $ 50,774 | |||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | November 2, 2017 [Member] | Power Up Lending Group [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 53,000 | |||||||||||||||||||||||||||||
Interest expense | 41,546 | 11,454 | ||||||||||||||||||||||||||||
Convertible redeemable note interest rate | 12% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 25 | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 53,000 | $ 40,000 | ||||||||||||||||||||||||||||
Debt conversion, principal amount | 58,636 | $ 58,636 | ||||||||||||||||||||||||||||
Shares issued upon debt conversion | shares | 166,178,366 | |||||||||||||||||||||||||||||
Debt instrument maturity date | Aug. 02, 2018 | |||||||||||||||||||||||||||||
Debt conversion converted amount, accrued interest | $ 52,583 | |||||||||||||||||||||||||||||
Settlement of outstanding principal | 5,636 | |||||||||||||||||||||||||||||
Penalty Amount | $ 11,272 | |||||||||||||||||||||||||||||
Convertible Notes Payable 8 [Member] | Auctus Fund [Member] | ||||||||||||||||||||||||||||||
Amortization of debt discount | $ 60,000 | |||||||||||||||||||||||||||||
Interest expense | $ 0 | $ 14,542 | ||||||||||||||||||||||||||||
Common shares issued for conversion of debt | shares | 317,919,774 | 1,066,179,950 | 133,258,300 | 111,460,000 | ||||||||||||||||||||||||||
Convertible promissory notes, original issue discount | $ 7,750 | |||||||||||||||||||||||||||||
Net of debt discount | $ 1,265 | $ 1,265 | $ 1,265 | |||||||||||||||||||||||||||
Accrued interest | $ 12,717 | $ 1,153 | $ 2,494 | $ 5,975 | ||||||||||||||||||||||||||
Debt principal amount | $ 40,241 | $ 15,278 | ||||||||||||||||||||||||||||
Convertible redeemable note interest rate | 10% | |||||||||||||||||||||||||||||
Convertible promissory notes percentage of stock price trigger | 50% | |||||||||||||||||||||||||||||
Convertible promissory notes, trading days | integer | 25 | |||||||||||||||||||||||||||||
Convertible notes payable, current | $ 67,750 | |||||||||||||||||||||||||||||
Convertible Promissory Note 2 [Member] | Ema Financial [Member] | ||||||||||||||||||||||||||||||
Principal amount of convertible note | $ 53,000 |
DERIVATIVE LIABILITY (Details)
DERIVATIVE LIABILITY (Details) | 9 Months Ended |
Sep. 30, 2023 USD ($) | |
DERIVATIVE LIABILITY | |
Balance - December 31, 2022 | $ 2,967,243 |
Loss (Gain) on change in fair value of the derivative | (246,869) |
Addition of new derivative liabilities upon issuance of convertible notes as debt discount | 29,111 |
Balance - September 30, 2023 | $ 2,749,485 |
DERIVATIVE LIABILITY (Details 1
DERIVATIVE LIABILITY (Details 1) - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
DERIVATIVE LIABILITY | ||
Day one loss due to derivative liabilities on convertible notes and warrants | $ 0 | $ 72,101 |
Loss (Gain) on change in fair value of derivative liabilities on convertible notes and warrants | (246,869) | (1,552,611) |
Loss (Gain) on change in fair value of derivative liabilities | $ (246,869) | $ (1,480,510) |
DERIVATIVE LIABILITY (Details 2
DERIVATIVE LIABILITY (Details 2) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Expected term | 4 months 2 days | 7 months 13 days |
Minimum [Member] | ||
Expected average volatility | 204% | 180% |
Risk-free interest rate | 3.81% | 2.28% |
Maximum [Member] | ||
Expected average volatility | 355% | 365% |
Risk-free interest rate | 4.88% | 4.06% |
Derivative [Member] | Minimum [Member] | ||
Expected average volatility | 202% | 346% |
Risk-free interest rate | 4.74% | 2.07% |
Derivative [Member] | Maximum [Member] | ||
Expected average volatility | 393% | 349% |
Risk-free interest rate | 5.43% | 2.99% |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Amount due to related parties | $ 617,128 | $ 542,668 | |
Director [Member] | |||
Advance payment | 90,000 | $ 90,000 | |
Accrued salaries, payment | $ 5,540 | $ 32,500 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 9 Months Ended | ||
Oct. 10, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | |
Proceeds from convertible note | $ 86,444 | $ 45,000 | |
Subsequent Event [Member] | Auctus Fund, LLC [Member] | |||
Convertible promissory note issued | $ 62,000 | ||
Proceeds from convertible note | $ 59,000 | ||
Interest rate | 12% | ||
Maturity date | Oct. 10, 2024 | ||
Prices per share | $ 0.0002 | ||
Subsequent Event [Member] | Auctus Fund, LLC [Member] | First Warrant [Member] | |||
Warrants to purchase share | 92,441,997 | ||
Exercise price | $ 0.0005 | ||
Exercisable period | 5 years | ||
Subsequent Event [Member] | Auctus Fund, LLC [Member] | Second Warrant [Member] | |||
Warrants to purchase share | 92,441,997 | ||
Exercise price | $ 0.0005 | ||
Exercisable period | 5 years |