Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 15, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2021 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-53988 | |
Entity Registrant Name | DSG GLOBAL, INC. | |
Entity Central Index Key | 0001413909 | |
Entity Tax Identification Number | 26-1134956 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 207 - 15272 Croydon Drive | |
Entity Address, Address Line Two | Surrey | |
Entity Address, City or Town | British Columbia | |
Entity Address, Country | CA | |
Entity Address, Postal Zip Code | V3Z 6T3 | |
City Area Code | 604 | |
Local Phone Number | 575-3848 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 125,360,380 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
CURRENT ASSETS | ||
Cash | $ 1,317,646 | $ 1,372,016 |
Trade receivables, net | 165,206 | 27,874 |
Lease receivable | 86,386 | 4,297 |
Inventories, net of inventory allowance of $183,701 and $146,292, respectively | 647,733 | 254,362 |
Prepaid expenses and deposits | 630,772 | 124,144 |
TOTAL CURRENT ASSETS | 2,847,743 | 1,782,693 |
Lease receivable | 512,145 | 38,559 |
Fixed assets, net | 201,581 | 268,981 |
Equipment on lease, net | 496 | |
Intangible assets, net | 11,911 | 12,833 |
TOTAL ASSETS | 3,573,380 | 2,103,562 |
CURRENT LIABILITIES | ||
Trade and other payables | 913,780 | 1,786,313 |
Deferred revenue | 222,382 | 93,548 |
Lease liability | 123,688 | 125,864 |
Loans payable | 1,956,328 | 9,981 |
Convertible notes payable | 319,548 | 513,328 |
TOTAL CURRENT LIABILITIES | 3,535,726 | 2,529,034 |
Lease liability | 58,010 | 150,877 |
Loans payable | 212,980 | 232,834 |
TOTAL LIABILITIES | 3,806,716 | 2,912,745 |
MEZZANINE EQUITY | ||
Redeemable preferred stock, $0.001 par value, 6,020,000 shares authorized (2020 – 6,010,000), 2,737 issued and outstanding (2020 -1,024), 48,956 to be issued (2020 – 49,706) | 2,753,375 | 2,239,936 |
STOCKHOLDERS’ DEFICIT | ||
Preferred stock, $0.001 par value, 3,010,000 shares authorized (2020 – 3,010,000), 200,471 issued and outstanding (2020 – 200,508) | 1,295,360 | 2,084,680 |
Common stock, $0.001 par value, 350,000,000 shares authorized, (2020 – 350,000,000); 121,645,186 issued and outstanding (2020 – 95,765,736) | 121,650 | 94,018 |
Additional paid in capital, common stock | 49,943,132 | 43,299,937 |
Discounts on common stock | (69,838) | (69,838) |
Common stock to be issued | 1,436,044 | |
Obligation to issue warrants | 138,066 | 163,998 |
Accumulated other comprehensive income | 1,271,466 | 1,252,082 |
Accumulated deficit | (55,686,547) | (51,310,040) |
TOTAL STOCKHOLDERS’ DEFICIT | (2,986,711) | (3,049,119) |
TOTAL LIABILITIES MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT | $ 3,573,380 | $ 2,103,562 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Inventory allowance | $ 183,701 | $ 146,292 |
Redeemable preferred stock, par value | $ 0.001 | $ 0.001 |
Redeemable preferred stock, shares authorized | 6,020,000 | 6,010,000 |
Redeemable preferred stock, shares issued | 2,737 | 1,024 |
Redeemable preferred stock, shares outstanding | 2,737 | 1,024 |
Redeemable preferred stock, shares to be issued | 48,956 | 49,706 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 3,010,000 | 3,010,000 |
Preferred stock, shares issued | 200,471 | 200,508 |
Preferred stock, shares outstanding | 200,471 | 200,508 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 350,000,000 | 350,000,000 |
Common stock, shares issued | 121,645,186 | 95,765,736 |
Common stock, shares outstanding | 121,645,186 | 95,765,736 |
Interim Condensed Consolidated
Interim Condensed Consolidated Statements of Operations And Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Income Statement [Abstract] | ||||
Revenue | $ 498,380 | $ 334,161 | $ 1,380,324 | $ 608,328 |
Cost of revenue | 226,452 | 168,211 | 558,298 | 246,862 |
Gross profit | 271,928 | 165,950 | 822,026 | 361,466 |
Operating expenses | ||||
Compensation expense | 665,894 | 127,932 | 2,568,795 | 1,794,304 |
General and administration expense | 1,407,770 | 427,171 | 2,507,188 | 1,143,880 |
Bad debt expense | 22,159 | 1,921 | 32,959 | 17,141 |
Depreciation and amortization expense | 6,781 | 808 | 17,954 | 2,110 |
Total operating expense | 2,102,604 | 557,832 | 5,126,896 | 2,957,435 |
Loss from operations | (1,830,676) | (391,882) | (4,304,870) | (2,595,969) |
Other income (expense) | ||||
Foreign currency exchange | (316) | 51,006 | (22,665) | (15,141) |
Other (expense) income | (54) | 99,171 | 16,849 | 99,171 |
Change in fair value of derivative instruments | (623,321) | (2,795,630) | ||
(Loss) Gain on extinguishment of debt | (76,454) | (1,954,383) | 902 | (2,772,276) |
Finance costs | (41,178) | (339,833) | (66,723) | (1,204,251) |
Total other expense | (118,002) | (2,767,360) | (71,637) | (6,688,127) |
Net loss | $ (1,948,678) | $ (3,159,242) | $ (4,376,507) | $ (9,284,096) |
Net loss per share | ||||
Basic and diluted | $ (0.02) | $ (0.08) | $ (0.04) | $ (0.47) |
Weighted average number of shares used in computing basic and diluted net income (loss) per share: | ||||
Basic and diluted | 119,761,619 | 40,655,321 | 111,233,810 | 19,577,948 |
Other comprehensive income (loss) | ||||
Foreign currency translation adjustments | $ 29,181 | $ (52,199) | $ 19,384 | $ 45,292 |
Comprehensive loss | $ (1,919,497) | $ (3,211,441) | $ (4,357,123) | $ (9,238,804) |
Interim Condensed Consolidate_2
Interim Condensed Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Discount On Common Stock [Member] | Common Stock To Be Issued [Member] | Obligation To Issue Warrants [Member] | Preferred Stock [Member] | Comprehensive Income [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 1,146 | $ 28,097,710 | $ (69,838) | $ 7,402,254 | $ 200 | $ 1,372,345 | $ (45,132,941) | $ (8,329,124) | |
Beginning balance, shares at Dec. 31, 2019 | 1,146,302 | ||||||||
Shares to be issued for cash | $ 192 | 99,839 | 100,031 | ||||||
Shares to be issued for cash, shares | 191,865 | ||||||||
Shares and warrants issued for services | $ 2,003 | 781,896 | 783,899 | ||||||
Shares and warrants issued for services, shares | 2,003,000 | ||||||||
Shares issued on conversion of debt | $ 52,941 | 3,524,064 | 3,577,005 | ||||||
Shares issued on conversion of debt, shares | 52,937,999 | ||||||||
Shares issued for debt settlement | $ 6,462 | 129,995 | 77,829 | 214,286 | |||||
Shares issued for debt settlement, shares | 6,462,244 | ||||||||
Preferred shares issued for services | 767,040 | 767,040 | |||||||
Issuance of shares to be issued | $ 9,430 | 7,392,824 | (7,402,254) | ||||||
Issuance of shares to be issued, shares | 9,430,146 | ||||||||
Net loss for the period | 45,292 | (9,284,096) | (9,238,804) | ||||||
Ending balance, value at Sep. 30, 2020 | $ 72,174 | 40,026,328 | (69,838) | 77,829 | 767,240 | 1,417,637 | (54,417,037) | (12,125,667) | |
Ending balance, shares at Sep. 30, 2020 | 72,171,556 | ||||||||
Beginning balance, value at Dec. 31, 2019 | $ 1,146 | 28,097,710 | (69,838) | 7,402,254 | 200 | 1,372,345 | (45,132,941) | (8,329,124) | |
Beginning balance, shares at Dec. 31, 2019 | 1,146,302 | ||||||||
Shares to be issued for cash, shares | 191,865 | ||||||||
Shares and warrants issued for services | $ 1,360,784 | ||||||||
Shares and warrants issued for services, shares | 4,303,000 | ||||||||
Ending balance, value at Dec. 31, 2020 | $ 94,018 | 43,299,937 | (69,838) | 1,436,044 | 163,998 | 2,084,680 | 1,252,082 | (51,310,040) | (3,049,119) |
Ending balance, shares at Dec. 31, 2020 | 95,765,736 | ||||||||
Shares and warrants issued for services | $ 2,430 | 1,805,704 | (25,932) | 1,782,202 | |||||
Shares and warrants issued for services, shares | 2,430,000 | ||||||||
Shares issued for debt settlement | $ 8,854 | 1,618,425 | (1,436,044) | 191,235 | |||||
Shares issued for debt settlement, shares | 8,853,975 | ||||||||
Cancellation of shares due to duplicate issuance | |||||||||
Cancellation of shares due to duplicate issuance, shares | (1,751,288) | ||||||||
Preferred shares issued for services | 849,600 | 849,600 | |||||||
Shares issued on conversion of preferred shares | $ 16,348 | 3,221,066 | (1,638,920) | 1,598,494 | |||||
Shares issued on conversion of preferred shares, shares | 16,346,763 | ||||||||
Share issuance costs | (2,000) | (2,000) | |||||||
Net loss for the period | 19,384 | (4,376,507) | (4,357,123) | ||||||
Ending balance, value at Sep. 30, 2021 | $ 121,650 | $ 49,943,132 | $ (69,838) | $ 138,066 | $ 1,295,360 | $ 1,271,466 | $ (55,686,547) | $ (2,986,711) | |
Ending balance, shares at Sep. 30, 2021 | 121,645,186 |
Interim Condensed Consolidate_3
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Statement of Cash Flows [Abstract] | |||||
Net loss | $ (1,948,678) | $ (3,159,242) | $ (4,376,507) | $ (9,284,096) | |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||
Depreciation and amortization | 808 | 17,954 | 2,110 | ||
Accretion of discounts on debt | 28,763 | 792,378 | |||
Bad debt expense | 22,159 | 1,921 | 32,959 | 17,141 | |
Change in fair value of derivative liabilities | 623,321 | 2,795,630 | |||
Change in inventory allowance | 27,478 | ||||
Preferred shares issued for services | 849,600 | ||||
Shares and warrants issued for services | 1,782,202 | 1,550,939 | |||
(Gain) Loss on extinguishment of debt | 76,454 | 1,954,383 | (902) | 2,772,276 | |
Unrealized foreign exchange (gain) loss | (1,509) | 27,740 | |||
Changes in non-cash working capital: | |||||
Trade receivables, net | (169,705) | (79,200) | |||
Inventories | (392,837) | (63,708) | |||
Prepaid expense and deposits | (506,580) | (2,586) | |||
Lease receivable | (555,563) | ||||
Trade payables and accruals | (683,954) | 697,685 | |||
Deferred revenue | 128,588 | 65,103 | |||
Operating lease liabilities | 75,340 | 12,014 | |||
Net cash used in operating activities | (3,772,151) | (669,096) | |||
Cash flows from investing activities | |||||
Purchase of equipment | (25,344) | (2,233) | |||
Net cash used in investing activities | (25,344) | (2,233) | |||
Cash flows from financing activities | |||||
Proceeds from issuing shares | 100,031 | ||||
Proceeds from issuing preferred shares | 2,109,934 | ||||
Proceeds from notes payable | 2,000,000 | 922,845 | |||
Debt issue costs | (102,500) | ||||
Repayment on lease liabilities | (94,509) | ||||
Payments on notes payable | (193,889) | (305,526) | |||
Net cash provided by financing activities | 3,719,036 | 717,350 | |||
Effect of exchange rate changes on cash | 24,089 | (9,178) | |||
Net increase (decrease) in cash | (54,370) | 36,843 | |||
Cash at beginning of period | 1,372,016 | 25,494 | $ 25,494 | ||
Cash at the end of the period | $ 1,317,646 | $ 62,337 | $ 1,317,646 | $ 62,337 | $ 1,372,016 |
ORGANIZATION
ORGANIZATION | 9 Months Ended |
Sep. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION | Note 1 – ORGANIZATION DSG Global, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on September 24, 2007. The Company is a technology development company engaged in the design, manufacture, and marketing of fleet management solutions in the golf industry. The Company’s principal activities are the sale and rental of GPS tracking devices and interfaces for golf vehicles and related support services. On April 13, 2015, the Company entered into a share exchange agreement with DSG Tag Systems Inc. (“DSG”), now a wholly-owned subsidiary of the Company, incorporated under the laws of the State of Nevada on April 17, 2008 and extra provincially registered in British Columbia, Canada in 2008. In March 2011, DSG formed DSG Tag Systems International, Ltd. in the United Kingdom (“DSG UK”). DSG UK is a wholly owned subsidiary of DSG. On September 15, 2020, the Company incorporated Imperium Motor Corp. (“Imperium”), under the laws of the State of Nevada on September 10, 2020, for which it subscribed to all authorized capital stock, 100 0.001 On August 12, 2021, the Company incorporated Imperium Motor of Canada Corporation (“Imperium Canada”), under the laws of British Columbia, Canada, for which it subscribed to all authorized capital stock, 100 0.10 |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Sep. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | Note 2 – GOING CONCERN These unaudited interim condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders and note holders, the ability of the Company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations. The outbreak of the coronavirus, also known as “COVID-19”, has spread across the globe and is impacting worldwide economic activity. Conditions surrounding the coronavirus continue to rapidly evolve and government authorities have implemented emergency measures to mitigate the spread of the virus. The outbreak and the related mitigation measures may have an adverse impact on global economic conditions as well as on the Company’s business activities. The extent to which the coronavirus may impact the Company’s business activities will depend on future developments, such as the ultimate geographic spread of the disease, the duration of the outbreak, travel restrictions, business disruptions, and the effectiveness of actions taken in Canada and other countries to contain and treat the disease. These events are highly uncertain and as such, the Company cannot determine their financial impact at this time. While certain restrictions are presently in the process of being relaxed, it is unclear when the world will return to the previous normal, if ever. This may adversely impact the expected implementation of the Company’s plans moving forward. As of September 30, 2021, the Company had working capital deficit of $ 687,983 and had an accumulated deficit of $ 55,686,547 since inception. Furthermore, the Company incurred a net loss of $ 4,376,507 and used $ 3,772,151 of cash flows for operating activities during the nine months ended September 30, 2021. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These unaudited interim condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These adjustments could be material. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim condensed consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”) and with the instructions to Form 10-Q. DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to U.S. GAAP rules and regulations for presentation of interim financial information. Therefore, the unaudited interim condensed consolidated financial statements should be read in conjunction with the financial statements and the notes thereto, included in the Company’s Annual Report on the Form 10-K for the year ended December 31, 2020. Current and future financial statements may not be directly comparable to the Company’s historical financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. Principles of Consolidation The interim condensed consolidated financial statements include the accounts of DSG Global Inc. and its wholly owned subsidiaries Vantage Tag Systems Inc., DSG Tag Systems Inc., Imperium Motor Corp., Imperium Motor Company of Canada Corporation, and DSG UK, collectively referred to as the “Company”. All intercompany accounts, transactions and profits were eliminated in the consolidated financial statements. Use of Estimates The preparation of interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the condensed consolidated financial statements in the period they are determined. There were no new estimates in the period. Recently Adopted Accounting Pronouncements Recent accounting pronouncements issued by FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s interim condensed consolidated financial statements. |
TRADE RECEIVABLES, NET
TRADE RECEIVABLES, NET | 9 Months Ended |
Sep. 30, 2021 | |
Receivables [Abstract] | |
TRADE RECEIVABLES, NET | Note 4 – TRADE RECEIVABLES, NET As of September 30, 2021, and December 31, 2020, trade receivables consist of the following: SCHEDULE OF TRADE RECEIVABLES September 30, 2021 December 31, 2020 Accounts receivable $ 183,094 $ 44,296 Allowance for doubtful accounts (17,888 ) (16,422 ) Total trade receivables, net $ 165,206 $ 27,874 DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) |
FIXED ASSETS AND EQUIPMENT ON L
FIXED ASSETS AND EQUIPMENT ON LEASE | 9 Months Ended |
Sep. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
FIXED ASSETS AND EQUIPMENT ON LEASE | Note 5 – FIXED ASSETS AND EQUIPMENT ON LEASE As of September 30, 2021, and December 31, 2020, fixed assets consisted of the following: SCHEDULE OF FIXED ASSETS September 30, 2021 December 31, 2020 Machinery and equipment $ 5,040 $ - Furniture and equipment 2,349 2,342 Computer equipment 40,506 28,804 Vehicles 28,345 19,619 Right-of-use assets 312,404 302,477 Accumulated depreciation (187,063 ) (84,261 ) $ 201,581 $ 268,981 As of September 30, 2021, and December 31, 2020, equipment on lease to customers consisted of the following: SCHEDULE OF EQUIPMENT ON LEASE September 30, 2021 December 31, 2020 Tags $ 129,873 $ 129,533 Text 28,705 28,629 Infinity/Touch 23,777 23,716 Accumulated depreciation (182,355 ) (181,382 ) $ - $ 496 For the three and nine months ended September 30, 2021, total depreciation expense for fixed assets, excluding right-of-use assets was $ 6,781 and $ 17,954 , respectively (2020 - $ 808 and $ 2,110 , respectively) and is included in depreciation and amortization expense. For the three and nine months ended September 30, 2021, total depreciation for right-of-use assets was $ 29,871 and $ 86,422 , respectively (2020 - $ 19,052 and $ 42,397 , respectively) and is included in general and administration expense as operating lease expense. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 9 Months Ended |
Sep. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTANGIBLE ASSETS | Note 6 – INTANGIBLE ASSETS As of September 30, 2021, and December 31, 2020, intangible assets consist of the following: SCHEDULE OF INTANGIBLE ASSETS September 30, 2021 December 31, 2020 Intangible asset – Patent $ 22,353 $ 22,353 Accumulated depreciation (10,442 ) (9,520 ) Intangible asset, net $ 11,911 $ 12,833 The estimated useful life of the patent is 20 years straight-line basis 307 922 307 921 |
TRADE AND OTHER PAYABLES
TRADE AND OTHER PAYABLES | 9 Months Ended |
Sep. 30, 2021 | |
Payables and Accruals [Abstract] | |
TRADE AND OTHER PAYABLES | Note 7 – TRADE AND OTHER PAYABLES As of September 30, 2021, and December 31, 2020, trade and other payables consist of the following: SCHEDULE OF TRADE AND OTHER PAYABLES September 30, 2021 December 31, 2020 Accounts payable and accrued expenses $ 805,213 $ 1,519,379 Accrued interest 106,613 148,682 Other liabilities 1,954 118,252 Total payables $ 913,780 $ 1,786,313 DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) |
LOANS PAYABLE
LOANS PAYABLE | 9 Months Ended |
Sep. 30, 2021 | |
Debt Disclosure [Abstract] | |
LOANS PAYABLE | Note 8 – LOANS PAYABLE As of September 30, 2021, and December 31, 2020, loans payable consisted of the following: SCHEDULE OF LOANS PAYABLE September 30, 2021 December 31, 2020 Unsecured loan payable in the amount of CDN$40,000, due on or before December 31, 2025 (a) $ 31,490 $ 31,350 Unsecured loan payable in the amount of CDN$40,000, due on or before December 31, 2025 (b) 31,490 31,350 Unsecured loan payable, due on May 21, 2022, interest at 1% per annum (c) 30,065 30,115 Secured loan payable, due on June 5, 2050, interest at 3.75% per annum (d) 150,000 150,000 Unsecured loan payable, due on June 20, 2022, interest at 9% per annum (e) 1,926,263 - 2,169,308 242,815 Current portion (1,956,328 ) (9,981 ) Loans payable $ 212,980 $ 232,834 (a) On April 17, 2020, the Company received a loan in the principal amount of $ 31,490 40,000 10,000 5% December 31, 2025 (b) On April 21, 2020, the Company received a loan in the principal amount of $ 31,490 40,000 10,000 5% December 31, 2025 (c) On May 21, 2020, the Company received a loan in the principal amount of $ 30,065 1% May 21, 2022 (d) On June 5, 2020, the Company received a loan in the principal amount of $ 150,000 3.75% June 5, 2050 731 1,000 (e) On September 13, 2021, the Company entered into a securities purchase agreement with a non-related party. Pursuant to the agreement, the Company received cash proceeds of $ 2,000,00 2,400,000 400,000 9 June 20, 2022 If the convertible note is not paid in full before December 12, 2021, an additional $100,000 of guaranteed interest will be added to the note. An additional $100,000 of guaranteed interest will be added to the note on the 12 th 24 In the event of a default, the note is convertible at the price that is equal to a 40% discount to the lowest trading price of the Company’s common shares during the 30 day trading period prior to the conversion date. As at September 30, 2021, the carrying value of the convertible promissory note was $ 1,926,263 Nil |
CONVERTIBLE NOTES
CONVERTIBLE NOTES | 9 Months Ended |
Sep. 30, 2021 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES | Note 9 – CONVERTIBLE NOTES As of September 30, 2021, and December 31, 2020, convertible loans payable consisted of the following: Third Party Convertible Notes Payable (a) On March 31, 2015, the Company issued a convertible promissory note in the principal amount of $ 310,000 5% 1.25 310,000 310,000 (b) On November 7, 2016, the Company entered into a securities purchase agreement with a non-related party. Pursuant to the agreement, the Company was provided with proceeds of $ 125,000 8% 8% 480 50,000 10,000 75,000 10,000 62,500 40,000 1 the convertible promissory note is exchanged or converted into a revolving credit facility with the lender, whereupon the two $10,000 convertible note balances shall be rolled into such credit facility. DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) On May 7, 2017, the Company triggered an event of default in the convertible note by failing to repay the full principal amount and all accrued interest on the due date. The entire convertible note payable became due on demand and would accrue interest at an increased rate of 1.5% 18% On May 8, 2017, the Company issued 25 5,000 72,500 53 10,500 72,500 57,000 72,500 During the year ended December 31, 2019, the Company issued 72,038 59,097 32,000 27,097 On December 31, 2020, the Company entered into a Debt Settlement agreement whereby the Company agreed to pay cash of $ 250,000 200,000 268,000 321,243 196,757 During the three months ended March 31, 2021, the Company repaid the note of $193,889 and interest of $56,111 for a total of $250,000. The Company issued 200,000 shares to satisfy the terms of the Debt Settlement agreement. As of September 30, 2021, the carrying value of the note was $Nil (December 31, 2020 - $ 193,841 (c) On June 5, 2017, the Company issued a convertible promissory note in the principal amount of $ 110,000 9,439 9,487 |
LEASES
LEASES | 9 Months Ended |
Sep. 30, 2021 | |
Leases | |
LEASES | Note 10 - LEASES Lessor During the year ended December 31, 2020, the Company began financing the lease of certain assets under rental revenue contracts with its customers and accounts for them in accordance with ASC 842 as outlined under “Leases” in Note 3 of the consolidated financial statements for the year ended December 31, 2020. During the year ended December 31, 2020, the Company recognized lease receivables of $ 45,856 30,000 DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) During the nine months ended September 30, 2021, the Company recognized lease receivables of $ 720,285 306,735 SCHEDULE OF LEASE RECEIVABLES RECOGNIZED Lease receivable September 30, 2021 December 31, 2020 Balance, beginning of the period $ 42,856 $ - Additions 720,285 45,856 Transfer to third party (120,231 ) - Interest on lease receivables 9,036 - Receipt of payments (53,415 ) (3,000 ) Balance, end of the period 598,531 42,856 Current portion of lease receivables (86,386 ) (4,297 ) Long term potion of lease receivables $ 512,145 $ 38,559 Lessee The Company leases certain assets under lease agreements. On October 1, 2019, the Company entered into a 5 8,683 8,683 3 On July 10, 2020, the Company entered into a lease agreement for retail, showroom and warehouse space in Fairfield, CA (the “Fairfield Lease”). Upon initial recognition of the lease, the Company recognized right-of-use assets of $ 164,114 156,364 7,750 7,750 0.92 On July 14, 2020, the Company entered into a lease agreement for office space in Surrey, BC (the “Croydon Lease”). Upon initial recognition of the lease, the Company recognized right-of-use assets of $ 133,825 175,843 125,014 163,895 8,811 11,948 1.83 On April 1, 2021, the Company entered into a lease agreement for a credit card processing machine (the “FD 150 Lease”). Upon initial recognition of the lease, the Company recognized right-of-use assets of $ 1,018 1,018 2.58 On June 2, 2021, the Company entered into a lease agreement for a trailer (the “Trailer Lease”). Upon recognition of the lease, the Company recognized right-of-use assets of $ 8,886 11,016 8,886 11,016 3.67 DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) Right-of-use assets have been included within fixed assets, net and lease liabilities have been included in operating lease liability on the Company’s consolidated balance sheet. SCHEDULE OF CONSOLIDATED BALANCE SHEET FOR LEASE Right-of-use assets September 30, 2021 December 31, 2020 Cost $ 312,404 $ 302,477 Accumulated depreciation (139,278 ) (53,158 ) Total right-of-use assets $ 173,126 $ 249,319 Lease liability September 30, 2021 December 31, 2020 Current portion $ 123,688 $ 125,864 Long-term portion 58,010 150,877 Total lease liability $ 181,698 $ 276,741 Future minimum lease payments to be paid by the Company as a lessee for operating leases as of September 30, 2021, for the next three years are as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Lease commitments and lease liability September 30, 2021 Remainder of 2021 $ 26,940 2022 127,855 2023 40,288 2024 4,578 2025 1,141 Total future minimum lease payments 200,802 Discount (19,104 ) Total 181,698 Current portion of operating lease liabilities (123,688 ) Long-term portion of operating lease liabilities $ 58,010 |
MEZZANINE EQUITY
MEZZANINE EQUITY | 9 Months Ended |
Sep. 30, 2021 | |
Mezzanine Equity | |
MEZZANINE EQUITY | Note 11 – MEZZANINE EQUITY Authorized 10,000 0.001 1,000,000 0.001 5 5,000,000 0.001 4 10,000 0.001 Each share of Series F preferred shares is convertible into common stock at an amount equal to the lesser of (a) one hundred percent of the lowest traded price for the Company’s stock for the fifteen trading days immediately preceding the relevant Conversion and (b) a twenty percent discount to the price of the common stock in an offering with gross proceeds of at least $ 10,000,000 Mezzanine Preferred Equity Transactions During the nine months ended September 30, 2021: ● 1,512 ● On November 6, 2020, the Company received gross proceeds of $ 300,000 300 ● On December 7, 2020, the Company received gross proceeds of $ 200,000 200 DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) ● On December 23, 2020, the Company entered into a Securities Purchase Agreement (the “Series F SPA”) whereby the Company agreed to sell and the Purchaser agrees to purchase, in a series of closings (the “Closings”) of at least 1,000 1,000 1,500 1,500,000 1,000 3,000,000 768,008 731,992 On February 4, 2021, the Company issued 1,500 731,992 1,500 1,500,000 ● On June 10, 2021, pursuant to the Series F SPA, the Company received $ 350,000 350 ● On July 20, 2021, pursuant to another Securities Purchase Agreement (the “July Series F SPA”), the Company received $ 400,000 for the subscription of 400 Series F preferred shares with a relative fair value of $ 261,934 and 1,180,000 warrants with a relative fair value of $ 138,066 valued on the agreement date which are recorded as obligation to issue shares and warrants respectively at September 30, 2021, see note 13. ● 275 During the year ended December 31, 2020: ● On September 30, 2020, the Company entered into an Exchange Agreement to settle outstanding convertible debt and accrued interest in exchange for 2,347 2,348,208 ● On September 30, 2020, the Company entered into a Securities Purchase Agreement (the “Series C SPA”) whereby the Company agrees to sell and the Purchaser agrees to purchase, in a series of closings (the “Closings”), up to 200 1,000 250 200 50 250 200,000 ● 1,573 |
PREFERRED STOCK
PREFERRED STOCK | 9 Months Ended |
Sep. 30, 2021 | |
Equity [Abstract] | |
PREFERRED STOCK | Note 12 – PREFERRED STOCK Authorized 3,000,000 0.001 10,000 0.001 100,000 DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) Preferred Stock Transactions During the nine months ended September 30, 2021: ● On October 26, 2020, the Company agreed to issue Series B preferred shares that are convertible into 1,000,000 1,000,000 1,340,000 100 1,000,000 100,000 10 50 500,000 670,000 45 5 500,000 670,000 ● On March 4, 2021, the Company issued an aggregate of 16 849,600 ● 108 During the year ended December 31, 2020: ● On May 21, 2020, the Company issued an aggregate of 136 122 2 767,040 ● On December 11, 2020, 4 |
COMMON STOCK AND ADDITIONAL PAI
COMMON STOCK AND ADDITIONAL PAID IN CAPITAL | 9 Months Ended |
Sep. 30, 2021 | |
Equity [Abstract] | |
COMMON STOCK AND ADDITIONAL PAID IN CAPITAL | Note 13 – COMMON STOCK AND ADDITIONAL PAID IN CAPITAL Authorized 350,000,000 0.001 Common Stock Transactions During the nine months ended September 30, 2021: ● The Company issued an aggregate of 8,138,975 ● The Company issued 715,000 191,235 ● The Company issued 2,430,000 565,250 ● The Company issued 16,346,763 shares of common stock with a fair value of $ 3,237,414 and share issue costs of $2,000 for conversion of 108 Series B Preferred Shares with a fair value of $ 1,638,920 , conversion of 1,512 Series C Preferred Shares with a fair value of $ 1,462,296 , and conversion of 275 Series F Preferred Shares with a fair value of $ 134,198 . ● The Company cancelled 1,751,288 During the year ended December 31, 2020: ● The Company issued an aggregate of 191,865 100,031 ● The Company issued an aggregate of 4,303,000 1,360,784 ● The Company issued an aggregate of 16,880,146 7,521,454 ● The Company issued 2,363,532 214,286 DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) ● The Company issued an aggregate of 52,937,999 3,577,005 777,872 SCHEDULE OF COMMON STOCK CONVERSION INTO DEBT Date issued Common shares Fair value (1) Converted balance (2) Loss on conversion January 7, 2020 53,764 $ 53,226 $ 20,000 $ (33,226 ) February 4, 2020 135,802 127,654 20,000 (107,654 ) February 7, 2020 151,234 142,160 24,500 (117,660 ) February 26, 2020 151,515 45,455 20,000 (25,455 ) February 26, 2020 140,151 39,242 18,500 (20,742 ) March 9, 2020 170,000 27,200 13,090 (14,110 ) March 9, 2020 195,547 68,441 13,000 (55,441 ) March 11, 2020 180,505 63,177 12,000 (51,177 ) April 1, 2020 140,000 9,800 3,889 (5,911 ) April 1, 2020 220,000 15,400 6,666 (8,734 ) April 2, 2020 218,678 16,379 7,000 (9,379 ) April 21, 2020 264,026 24,649 8,000 (16,649 ) May 15, 2020 258,000 25,800 7,166 (18,634 ) May 19, 2020 426,000 80,940 17,338 (63,602 ) May 19, 2020 675,675 100,000 30,000 (70,000 ) May 19, 2020 350,000 33,250 12,705 (20,545 ) May 19, 2020 337,837 50,000 15,000 (35,000 ) May 21, 2020 298,606 56,735 13,258 (43,477 ) May 21, 2020 611,111 116,111 27,750 (88,361 ) July 8, 2020 500,000 45,000 10,500 (34,500 ) July 8, 2020 857,142 72,857 18,000 (54,857 ) July 8, 2020 600,000 22,800 11,549 (11,251 ) July 8, 2020 639,846 51,188 13,437 (37,751 ) July 8, 2020 880,952 70,476 18,500 (51,976 ) July 10, 2020 809,523 29,952 17,000 (12,952 ) July 17, 2020 1,121,212 55,948 18,500 (37,448 ) July 17, 2020 1,151,515 46,291 19,500 (26,791 ) July 20, 2020 1,130,000 45,426 17,091 (28,335 ) July 23, 2020 879,157 43,870 14,506 (29,364 ) August 3, 2020 1,309,824 35,234 14,146 (21,088 ) August 3, 2020 1,638,117 33,991 17,692 (16,299 ) August 10, 2020 1,412,525 30,553 15,255 (15,298 ) August 13, 2020 1,000,000 20,100 15,000 (5,100 ) August 13, 2020 1,130,000 25,877 11,311 (14,566 ) August 13, 2020 1,465,201 29,451 16,000 (13,451 ) August 19, 2020 1,484,615 22,269 19,300 (2,969 ) August 25, 2020 1,750,000 125,125 11,340 (113,785 ) August 25, 2020 1,483,146 106,045 13,200 (92,845 ) August 25, 2020 620,033 44,332 4,018 (40,314 ) August 25, 2020 1,490,000 106,535 8,851 (97,684 ) August 25, 2020 1,893,939 135,417 12,500 (122,917 ) August 26, 2020 1,818,182 130,000 12,000 (118,000 ) August 27, 2020 1,808,989 156,839 16,100 (140,739 ) August 31, 2020 1,808,989 84,842 16,100 (68,742 ) September 1, 2020 1,560,000 79,560 9,266 (70,294 ) September 2, 2020 1,808,989 80,283 16,100 (64,183 ) September 9, 2020 1,808,989 66,119 16,100 (50,019 ) September 10, 2020 2,727,273 92,045 18,000 (74,045 ) September 14, 2020 1,560,000 46,566 9,266 (37,300 ) September 17, 2020 345,291 12,879 7,700 (5,179 ) September 18, 2020 2,938,117 113,705 19,039 (94,666 ) September 22, 2020 1,515,151 57,879 10,000 (47,879 ) September 24, 2020 412,831 51,232 5,699 (45,533 ) September 29, 2020 2,600,000 310,700 15,444 (295,256 ) Total 52,937,999 $ 3,577,005 $ 777,872 $ (2,799,133 ) (1) Fair values are derived based on the closing price of the Company’s common stock on the date of the conversion notice. (2) Converted balance includes portions of principal, accrued interest, financing fees, interest penalties and other fees converted upon the issuance of shares of common stock. DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) Warrants During the nine months ended September 30, 2021: ● The Company granted 1,000,000 three years 0.25 163,998 ● The Company granted 500,000 four years 1.00 668,461 ● The Company granted 2,000,000 five years 0.35 410,425 ● On July 20, 2021, pursuant to the July Series F SPA, the Company is to issue 1,180,000 warrants with a relative fair value of $ 138,066 valued on the agreement date, see note 11. The warrants have a contractual life of 5 years and exercise price of $ 0.30 per share. As at September 30, 2021, these warrants have not been issued. The fair values of the warrants were calculated using the following assumptions for the Black Sholes Option Pricing Model: SCHEDULE OF WARRANTS ASSUMPTIONS September 30, 2021 Risk-free interest rate 0.18 0.82 % Expected life 3.29 5.11 Expected dividend rate 0 % Expected volatility 285.40 300.18 % The continuity of the Company’s common stock purchase warrants issued and outstanding is as follows: SCHEDULE OF WARRANTS OUTSTANDING Warrants Weighted average price Outstanding at year December 31, 2020 12,939,813 $ 0.60 Granted 3,500,000 0.41 Outstanding as of September 30, 2021 16,439,813 $ 0.56 As of September 30, 2021, the weighted average remaining contractual life of warrants outstanding was 2.78 68,937 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | Note 14 – RELATED PARTY TRANSACTIONS During the nine months ended September 30, 2021 the Company incurred $ 387,052 (2020 - $ 100,000 ) in salaries which includes a bonus of $ 132,120 and $ 60,000 nil to the President, CEO, and CFO of the Company. The Company also repaid $ 317,997 of management fees and salaries previously owing to the President, CEO, and CFO of the Company as of December 31, 2020. As at September 30, 2021, the Company owed $Nil (December 31, 2020 - $ 317,997 ) to the President, CEO, and CFO of the Company for management fees and salaries. Amounts owed and owing are unsecured, non-interest bearing, and due on demand. On March 4, 2021, the Company issued an aggregate of 16 849,600 |
COMMITMENTS
COMMITMENTS | 9 Months Ended |
Sep. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS | Note 15 – COMMITMENTS Product Warranties The Company’s warranty policy generally covers a period of two years which is also covered by the manufacturer warranty. Thus, any warranty costs incurred by the Company are immaterial. DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) Indemnifications In the normal course of business, the Company indemnifies other parties, including customers, lessors, and parties to other transactions with the Company, with respect to certain matters. The Company has agreed to hold the other parties harmless against losses arising from a breach of representations or covenants, or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. In addition, the Company has entered into indemnification agreements with its officers and directors, and the Company’s bylaws contain similar indemnification obligations to the Company’s agents. It is not possible to determine the maximum potential amount under these indemnification agreements due to the Company’s limited history with prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under these agreements have not had a material effect on the Company’s operating results, financial position, or cash flows. |
CONTINGENCIES
CONTINGENCIES | 9 Months Ended |
Sep. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
CONTINGENCIES | Note 16 – CONTINGENCIES On September 7, 2016, Chetu Inc. filed a Complaint for Damage in Florida to recover an unpaid invoice amount of $ 27,335 4,939 41,353 47,023 On May 24, 2017, the Company received a notice of default from Coastal Investment Partners LLC (“Coastal”), on three 8% convertible promissory notes issued by the Company in aggregate principal amount of $ 261,389 250,000 72,500 250,000 200,000 268,000 250,000 268,000 250,000 200,000 268,000 On October 10, 2017, a vendor filed a complaint for Breach of Contract with Superior Court of the State of California. The Complainant is alleging that it is contractually owed 1,848,130 270,000 72,000 115,000 715,000 191,235 76,235 |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION | 9 Months Ended |
Sep. 30, 2021 | |
Supplemental Cash Flow Elements [Abstract] | |
SUPPLEMENTAL CASH FLOW INFORMATION | Note 17 – SUPPLEMENTAL CASH FLOW INFORMATION SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION Nine-months ended September 30, 2021 September 30, 2020 Cash paid during the period for: Income tax payments $ - $ - Interest payments $ 57,111 $ 2,676 Non-cash investing and financing transactions: Shares issued for convertible notes payable and accrued interest $ - $ 3,577,005 Shares issued for debt settlement $ 191,235 $ 214,286 Initial recognition of lease assets $ 9,904 $ - Shares issued on conversion of preferred shares $ 3,235,414 $ - |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | Note 18 – SUBSEQUENT EVENTS Management has evaluated events subsequent to the period ended for transactions and other events that may require adjustment of and/or disclosure in such interim condensed consolidated financial statements. Subsequent to September 30, 2021: ● The Company issued 1,700,000 shares of common stock to a related party for conversion of 17 Series B Preferred Shares with a fair value of $ 95,880 ● The Company issued 2,015,194 210 252,000 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying interim condensed consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”) and with the instructions to Form 10-Q. DSG GLOBAL, INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (UNAUDITED) Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to U.S. GAAP rules and regulations for presentation of interim financial information. Therefore, the unaudited interim condensed consolidated financial statements should be read in conjunction with the financial statements and the notes thereto, included in the Company’s Annual Report on the Form 10-K for the year ended December 31, 2020. Current and future financial statements may not be directly comparable to the Company’s historical financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. |
Principles of Consolidation | Principles of Consolidation The interim condensed consolidated financial statements include the accounts of DSG Global Inc. and its wholly owned subsidiaries Vantage Tag Systems Inc., DSG Tag Systems Inc., Imperium Motor Corp., Imperium Motor Company of Canada Corporation, and DSG UK, collectively referred to as the “Company”. All intercompany accounts, transactions and profits were eliminated in the consolidated financial statements. |
Use of Estimates | Use of Estimates The preparation of interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the condensed consolidated financial statements in the period they are determined. There were no new estimates in the period. |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements Recent accounting pronouncements issued by FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s interim condensed consolidated financial statements. |
TRADE RECEIVABLES, NET (Tables)
TRADE RECEIVABLES, NET (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Receivables [Abstract] | |
SCHEDULE OF TRADE RECEIVABLES | As of September 30, 2021, and December 31, 2020, trade receivables consist of the following: SCHEDULE OF TRADE RECEIVABLES September 30, 2021 December 31, 2020 Accounts receivable $ 183,094 $ 44,296 Allowance for doubtful accounts (17,888 ) (16,422 ) Total trade receivables, net $ 165,206 $ 27,874 |
FIXED ASSETS AND EQUIPMENT ON_2
FIXED ASSETS AND EQUIPMENT ON LEASE (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF FIXED ASSETS | As of September 30, 2021, and December 31, 2020, fixed assets consisted of the following: SCHEDULE OF FIXED ASSETS September 30, 2021 December 31, 2020 Machinery and equipment $ 5,040 $ - Furniture and equipment 2,349 2,342 Computer equipment 40,506 28,804 Vehicles 28,345 19,619 Right-of-use assets 312,404 302,477 Accumulated depreciation (187,063 ) (84,261 ) $ 201,581 $ 268,981 |
SCHEDULE OF EQUIPMENT ON LEASE | As of September 30, 2021, and December 31, 2020, equipment on lease to customers consisted of the following: SCHEDULE OF EQUIPMENT ON LEASE September 30, 2021 December 31, 2020 Tags $ 129,873 $ 129,533 Text 28,705 28,629 Infinity/Touch 23,777 23,716 Accumulated depreciation (182,355 ) (181,382 ) $ - $ 496 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
SCHEDULE OF INTANGIBLE ASSETS | As of September 30, 2021, and December 31, 2020, intangible assets consist of the following: SCHEDULE OF INTANGIBLE ASSETS September 30, 2021 December 31, 2020 Intangible asset – Patent $ 22,353 $ 22,353 Accumulated depreciation (10,442 ) (9,520 ) Intangible asset, net $ 11,911 $ 12,833 |
TRADE AND OTHER PAYABLES (Table
TRADE AND OTHER PAYABLES (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Payables and Accruals [Abstract] | |
SCHEDULE OF TRADE AND OTHER PAYABLES | As of September 30, 2021, and December 31, 2020, trade and other payables consist of the following: SCHEDULE OF TRADE AND OTHER PAYABLES September 30, 2021 December 31, 2020 Accounts payable and accrued expenses $ 805,213 $ 1,519,379 Accrued interest 106,613 148,682 Other liabilities 1,954 118,252 Total payables $ 913,780 $ 1,786,313 |
LOANS PAYABLE (Tables)
LOANS PAYABLE (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Debt Disclosure [Abstract] | |
SCHEDULE OF LOANS PAYABLE | As of September 30, 2021, and December 31, 2020, loans payable consisted of the following: SCHEDULE OF LOANS PAYABLE September 30, 2021 December 31, 2020 Unsecured loan payable in the amount of CDN$40,000, due on or before December 31, 2025 (a) $ 31,490 $ 31,350 Unsecured loan payable in the amount of CDN$40,000, due on or before December 31, 2025 (b) 31,490 31,350 Unsecured loan payable, due on May 21, 2022, interest at 1% per annum (c) 30,065 30,115 Secured loan payable, due on June 5, 2050, interest at 3.75% per annum (d) 150,000 150,000 Unsecured loan payable, due on June 20, 2022, interest at 9% per annum (e) 1,926,263 - 2,169,308 242,815 Current portion (1,956,328 ) (9,981 ) Loans payable $ 212,980 $ 232,834 (a) On April 17, 2020, the Company received a loan in the principal amount of $ 31,490 40,000 10,000 5% December 31, 2025 (b) On April 21, 2020, the Company received a loan in the principal amount of $ 31,490 40,000 10,000 5% December 31, 2025 (c) On May 21, 2020, the Company received a loan in the principal amount of $ 30,065 1% May 21, 2022 (d) On June 5, 2020, the Company received a loan in the principal amount of $ 150,000 3.75% June 5, 2050 731 1,000 (e) On September 13, 2021, the Company entered into a securities purchase agreement with a non-related party. Pursuant to the agreement, the Company received cash proceeds of $ 2,000,00 2,400,000 400,000 9 June 20, 2022 If the convertible note is not paid in full before December 12, 2021, an additional $100,000 of guaranteed interest will be added to the note. An additional $100,000 of guaranteed interest will be added to the note on the 12 th 24 In the event of a default, the note is convertible at the price that is equal to a 40% discount to the lowest trading price of the Company’s common shares during the 30 day trading period prior to the conversion date. As at September 30, 2021, the carrying value of the convertible promissory note was $ 1,926,263 Nil |
LEASES (Tables)
LEASES (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Leases | |
SCHEDULE OF LEASE RECEIVABLES RECOGNIZED | SCHEDULE OF LEASE RECEIVABLES RECOGNIZED Lease receivable September 30, 2021 December 31, 2020 Balance, beginning of the period $ 42,856 $ - Additions 720,285 45,856 Transfer to third party (120,231 ) - Interest on lease receivables 9,036 - Receipt of payments (53,415 ) (3,000 ) Balance, end of the period 598,531 42,856 Current portion of lease receivables (86,386 ) (4,297 ) Long term potion of lease receivables $ 512,145 $ 38,559 |
SCHEDULE OF CONSOLIDATED BALANCE SHEET FOR LEASE | Right-of-use assets have been included within fixed assets, net and lease liabilities have been included in operating lease liability on the Company’s consolidated balance sheet. SCHEDULE OF CONSOLIDATED BALANCE SHEET FOR LEASE Right-of-use assets September 30, 2021 December 31, 2020 Cost $ 312,404 $ 302,477 Accumulated depreciation (139,278 ) (53,158 ) Total right-of-use assets $ 173,126 $ 249,319 Lease liability September 30, 2021 December 31, 2020 Current portion $ 123,688 $ 125,864 Long-term portion 58,010 150,877 Total lease liability $ 181,698 $ 276,741 |
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS | Future minimum lease payments to be paid by the Company as a lessee for operating leases as of September 30, 2021, for the next three years are as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Lease commitments and lease liability September 30, 2021 Remainder of 2021 $ 26,940 2022 127,855 2023 40,288 2024 4,578 2025 1,141 Total future minimum lease payments 200,802 Discount (19,104 ) Total 181,698 Current portion of operating lease liabilities (123,688 ) Long-term portion of operating lease liabilities $ 58,010 |
COMMON STOCK AND ADDITIONAL P_2
COMMON STOCK AND ADDITIONAL PAID IN CAPITAL (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Equity [Abstract] | |
SCHEDULE OF COMMON STOCK CONVERSION INTO DEBT | SCHEDULE OF COMMON STOCK CONVERSION INTO DEBT Date issued Common shares Fair value (1) Converted balance (2) Loss on conversion January 7, 2020 53,764 $ 53,226 $ 20,000 $ (33,226 ) February 4, 2020 135,802 127,654 20,000 (107,654 ) February 7, 2020 151,234 142,160 24,500 (117,660 ) February 26, 2020 151,515 45,455 20,000 (25,455 ) February 26, 2020 140,151 39,242 18,500 (20,742 ) March 9, 2020 170,000 27,200 13,090 (14,110 ) March 9, 2020 195,547 68,441 13,000 (55,441 ) March 11, 2020 180,505 63,177 12,000 (51,177 ) April 1, 2020 140,000 9,800 3,889 (5,911 ) April 1, 2020 220,000 15,400 6,666 (8,734 ) April 2, 2020 218,678 16,379 7,000 (9,379 ) April 21, 2020 264,026 24,649 8,000 (16,649 ) May 15, 2020 258,000 25,800 7,166 (18,634 ) May 19, 2020 426,000 80,940 17,338 (63,602 ) May 19, 2020 675,675 100,000 30,000 (70,000 ) May 19, 2020 350,000 33,250 12,705 (20,545 ) May 19, 2020 337,837 50,000 15,000 (35,000 ) May 21, 2020 298,606 56,735 13,258 (43,477 ) May 21, 2020 611,111 116,111 27,750 (88,361 ) July 8, 2020 500,000 45,000 10,500 (34,500 ) July 8, 2020 857,142 72,857 18,000 (54,857 ) July 8, 2020 600,000 22,800 11,549 (11,251 ) July 8, 2020 639,846 51,188 13,437 (37,751 ) July 8, 2020 880,952 70,476 18,500 (51,976 ) July 10, 2020 809,523 29,952 17,000 (12,952 ) July 17, 2020 1,121,212 55,948 18,500 (37,448 ) July 17, 2020 1,151,515 46,291 19,500 (26,791 ) July 20, 2020 1,130,000 45,426 17,091 (28,335 ) July 23, 2020 879,157 43,870 14,506 (29,364 ) August 3, 2020 1,309,824 35,234 14,146 (21,088 ) August 3, 2020 1,638,117 33,991 17,692 (16,299 ) August 10, 2020 1,412,525 30,553 15,255 (15,298 ) August 13, 2020 1,000,000 20,100 15,000 (5,100 ) August 13, 2020 1,130,000 25,877 11,311 (14,566 ) August 13, 2020 1,465,201 29,451 16,000 (13,451 ) August 19, 2020 1,484,615 22,269 19,300 (2,969 ) August 25, 2020 1,750,000 125,125 11,340 (113,785 ) August 25, 2020 1,483,146 106,045 13,200 (92,845 ) August 25, 2020 620,033 44,332 4,018 (40,314 ) August 25, 2020 1,490,000 106,535 8,851 (97,684 ) August 25, 2020 1,893,939 135,417 12,500 (122,917 ) August 26, 2020 1,818,182 130,000 12,000 (118,000 ) August 27, 2020 1,808,989 156,839 16,100 (140,739 ) August 31, 2020 1,808,989 84,842 16,100 (68,742 ) September 1, 2020 1,560,000 79,560 9,266 (70,294 ) September 2, 2020 1,808,989 80,283 16,100 (64,183 ) September 9, 2020 1,808,989 66,119 16,100 (50,019 ) September 10, 2020 2,727,273 92,045 18,000 (74,045 ) September 14, 2020 1,560,000 46,566 9,266 (37,300 ) September 17, 2020 345,291 12,879 7,700 (5,179 ) September 18, 2020 2,938,117 113,705 19,039 (94,666 ) September 22, 2020 1,515,151 57,879 10,000 (47,879 ) September 24, 2020 412,831 51,232 5,699 (45,533 ) September 29, 2020 2,600,000 310,700 15,444 (295,256 ) Total 52,937,999 $ 3,577,005 $ 777,872 $ (2,799,133 ) (1) Fair values are derived based on the closing price of the Company’s common stock on the date of the conversion notice. (2) Converted balance includes portions of principal, accrued interest, financing fees, interest penalties and other fees converted upon the issuance of shares of common stock. |
SCHEDULE OF WARRANTS ASSUMPTIONS | The fair values of the warrants were calculated using the following assumptions for the Black Sholes Option Pricing Model: SCHEDULE OF WARRANTS ASSUMPTIONS September 30, 2021 Risk-free interest rate 0.18 0.82 % Expected life 3.29 5.11 Expected dividend rate 0 % Expected volatility 285.40 300.18 % |
SCHEDULE OF WARRANTS OUTSTANDING | The continuity of the Company’s common stock purchase warrants issued and outstanding is as follows: SCHEDULE OF WARRANTS OUTSTANDING Warrants Weighted average price Outstanding at year December 31, 2020 12,939,813 $ 0.60 Granted 3,500,000 0.41 Outstanding as of September 30, 2021 16,439,813 $ 0.56 As of September 30, 2021, the weighted average remaining contractual life of warrants outstanding was 2.78 68,937 |
SUPPLEMENTAL CASH FLOW INFORM_2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Supplemental Cash Flow Elements [Abstract] | |
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION | SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION Nine-months ended September 30, 2021 September 30, 2020 Cash paid during the period for: Income tax payments $ - $ - Interest payments $ 57,111 $ 2,676 Non-cash investing and financing transactions: Shares issued for convertible notes payable and accrued interest $ - $ 3,577,005 Shares issued for debt settlement $ 191,235 $ 214,286 Initial recognition of lease assets $ 9,904 $ - Shares issued on conversion of preferred shares $ 3,235,414 $ - |
ORGANIZATION (Details Narrative
ORGANIZATION (Details Narrative) - $ / shares | Aug. 12, 2021 | Sep. 15, 2020 |
Imperium Motor Corporation [Member] | Preferred Class A [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Business acquisition, number of shares acquired | 100 | |
Business acquisition, share price | $ 0.001 | |
Imperium Canada [Member] | Class A Voting Participating Common Shares [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Business acquisition, number of shares acquired | 100 | |
Business acquisition, share price | $ 0.10 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Working capital deficit | $ 687,983 | $ 687,983 | |||
Retained Earnings (Accumulated Deficit) | 55,686,547 | 55,686,547 | $ 51,310,040 | ||
Net Income (Loss) Attributable to Parent | $ 1,948,678 | $ 3,159,242 | 4,376,507 | $ 9,284,096 | |
Net Cash Provided by (Used in) Operating Activities | $ 3,772,151 | $ 669,096 |
SCHEDULE OF TRADE RECEIVABLES (
SCHEDULE OF TRADE RECEIVABLES (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Receivables [Abstract] | ||
Accounts receivable | $ 183,094 | $ 44,296 |
Allowance for doubtful accounts | (17,888) | (16,422) |
Total trade receivables, net | $ 165,206 | $ 27,874 |
SCHEDULE OF FIXED ASSETS (Detai
SCHEDULE OF FIXED ASSETS (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | ||
Accumulated depreciation | $ (187,063) | $ (84,261) |
Fixed assets, net | 201,581 | 268,981 |
Machinery and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | 5,040 | |
Furniture and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | 2,349 | 2,342 |
Computer Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | 40,506 | 28,804 |
Vehicles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | 28,345 | 19,619 |
Right-of-Use Assets [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | $ 312,404 | $ 302,477 |
SCHEDULE OF EQUIPMENT ON LEASE
SCHEDULE OF EQUIPMENT ON LEASE (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | ||
Accumulated depreciation | $ (182,355) | $ (181,382) |
Equipment on lease, net | 496 | |
Tags [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Equipment on lease, gross | 129,873 | 129,533 |
Text [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Equipment on lease, gross | 28,705 | 28,629 |
Infinity/Touch [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Equipment on lease, gross | $ 23,777 | $ 23,716 |
FIXED ASSETS AND EQUIPMENT ON_3
FIXED ASSETS AND EQUIPMENT ON LEASE (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation | $ 6,781 | $ 17,954 | ||
Depreciation, Depletion and Amortization | $ 808 | 17,954 | $ 2,110 | |
Depreciation for right-of-use assets | $ 29,871 | $ 19,052 | $ 86,422 | $ 42,397 |
SCHEDULE OF INTANGIBLE ASSETS (
SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Intangible asset – Patent | $ 22,353 | $ 22,353 |
Accumulated depreciation | (10,442) | (9,520) |
Intangible asset, net | $ 11,911 | $ 12,833 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Patent estimated useful life | 20 years | |||
Amortization method | straight-line basis | |||
Amortization expense | $ 307 | $ 307 | $ 922 | $ 921 |
SCHEDULE OF TRADE AND OTHER PAY
SCHEDULE OF TRADE AND OTHER PAYABLES (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Payables and Accruals [Abstract] | ||
Accounts payable and accrued expenses | $ 805,213 | $ 1,519,379 |
Accrued interest | 106,613 | 148,682 |
Other liabilities | 1,954 | 118,252 |
Total payables | $ 913,780 | $ 1,786,313 |
SCHEDULE OF LOANS PAYABLE (Deta
SCHEDULE OF LOANS PAYABLE (Details) - USD ($) | Sep. 13, 2021 | Jun. 05, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Short-term Debt [Line Items] | ||||||
Loans payable | $ 2,169,308 | $ 242,815 | ||||
Current portion | (1,956,328) | (9,981) | ||||
Loans payable | 212,980 | 232,834 | ||||
Proceeds from notes payable | 2,000,000 | $ 922,845 | ||||
Debt instrument face amount | $ 150,000 | |||||
Interest rate percentage | 3.75% | |||||
Maturity date | Jun. 5, 2050 | |||||
DebtInstrument interest rate | 24.00% | |||||
Convertible Pomissory Notes [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Convertible notes payable | 1,926,263 | |||||
Non-related Party [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Proceeds from notes payable | $ 2,000 | |||||
Debt instrument face amount | 2,400,000 | |||||
Debt instrument unamortized discount | $ 400,000 | |||||
Interest rate percentage | 900.00% | |||||
Maturity date | Jun. 20, 2022 | |||||
DebtInstrument covenant description | If the convertible note is not paid in full before December 12, 2021, an additional $100,000 of guaranteed interest will be added to the note. An additional $100,000 of guaranteed interest will be added to the note on the 12th day of each succeeding month during which any portion of the convertible note remains unpaid. | |||||
Loans Payable [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Loans payable | [1] | 31,490 | 31,350 | |||
Loans Payable One [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Loans payable | [2] | 31,490 | 31,350 | |||
Loans Payable Two [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Loans payable | [3] | 30,065 | 30,115 | |||
Loans Payable Three [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Loans payable | [4] | 150,000 | 150,000 | |||
Loans Payable Four [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Loans payable | $ 1,926,263 | |||||
[1] | On April 17, 2020, the Company received a loan in the principal amount of $ 31,490 40,000 10,000 5% December 31, 2025 | |||||
[2] | On April 21, 2020, the Company received a loan in the principal amount of $ 31,490 40,000 10,000 5% December 31, 2025 | |||||
[3] | On May 21, 2020, the Company received a loan in the principal amount of $ 30,065 1% May 21, 2022 | |||||
[4] | On June 5, 2020, the Company received a loan in the principal amount of $ 150,000 3.75% June 5, 2050 731 1,000 |
SCHEDULE OF LOANS PAYABLE (De_2
SCHEDULE OF LOANS PAYABLE (Details) (Parenthetical) | Jun. 05, 2020USD ($) | May 21, 2020USD ($) | Apr. 21, 2020CAD ($) | Apr. 17, 2020CAD ($) | Apr. 21, 2020USD ($) | Apr. 21, 2020CAD ($) | Apr. 17, 2020USD ($) | Apr. 17, 2020CAD ($) |
Short-term Debt [Line Items] | ||||||||
Loan payable principal amount | $ 150,000 | |||||||
Repayment of debt | $ 731 | |||||||
Interest per annum | 3.75% | |||||||
Debt due date | Jun. 5, 2050 | |||||||
Accrued interest | $ 1,000 | |||||||
Canada Emergency Business Account Program | ||||||||
Short-term Debt [Line Items] | ||||||||
Loan payable principal amount | $ 31,490 | $ 40,000 | $ 31,490 | $ 40,000 | ||||
Repayment of debt | $ 10,000 | $ 10,000 | ||||||
Interest per annum | 5.00% | 5.00% | 5.00% | 5.00% | ||||
Debt due date | Dec. 31, 2025 | Dec. 31, 2025 | ||||||
Paycheck Protection Program | ||||||||
Short-term Debt [Line Items] | ||||||||
Loan payable principal amount | $ 30,065 | |||||||
Interest per annum | 1.00% | |||||||
Debt due date | May 21, 2022 |
CONVERTIBLE NOTES (Details Narr
CONVERTIBLE NOTES (Details Narrative) - USD ($) | May 24, 2017 | May 08, 2017 | Nov. 10, 2016 | Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Jun. 05, 2020 | Jun. 05, 2017 | May 25, 2017 | May 07, 2017 | Mar. 31, 2015 |
Short-term Debt [Line Items] | ||||||||||||||
Debt instrument face value | $ 150,000 | |||||||||||||
Debt instrument interest rate | 3.75% | |||||||||||||
Proceeds from note payable | $ 2,000,000 | $ 922,845 | ||||||||||||
Gain (loss) on extinguishment of debt | $ (76,454) | $ (1,954,383) | 902 | $ (2,772,276) | ||||||||||
Convertible Note [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Debt instrument face value | $ 57,000 | |||||||||||||
Convertible debt agreement value | $ 72,500 | $ 72,500 | $ 72,500 | |||||||||||
Number of common shares issued for conversion | 53 | 25 | ||||||||||||
Debt conversion amount | $ 10,500 | $ 5,000 | ||||||||||||
Convertible Promissory Note [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Debt instrument face value | $ 110,000 | |||||||||||||
Convertible Promissory Note One [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Convertible debt agreement value | 9,439 | 9,439 | $ 9,487 | |||||||||||
Non-related Party [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Debt instrument interest rate | 8.00% | |||||||||||||
Debt conversion price per share | $ 480 | |||||||||||||
Proceeds from convertible debt | $ 125,000 | |||||||||||||
Debt original issue discount, percentage | 8.00% | |||||||||||||
Right to redeem value | $ 62,500 | |||||||||||||
Notes | 40,000 | |||||||||||||
Proceeds from note payable | $ 1 | |||||||||||||
Debt instrument, description | the convertible promissory note is exchanged or converted into a revolving credit facility with the lender, whereupon the two $10,000 convertible note balances shall be rolled into such credit facility. | |||||||||||||
Non-related Party [Member] | Secured Convertible Note[Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Proceeds from convertible debt | $ 10,000 | |||||||||||||
Convertible debt agreement value | 50,000 | |||||||||||||
Non-related Party [Member] | Another Secured Convertible Note [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Proceeds from convertible debt | 10,000 | |||||||||||||
Convertible debt agreement value | $ 75,000 | |||||||||||||
Non-related Party [Member] | Secured Convertible Note One[Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Debt instrument interest rate | 18.00% | |||||||||||||
Non-related Party [Member] | Secured Convertible Note One[Member] | Per Month [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Debt instrument interest rate | 1.50% | |||||||||||||
Director [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Debt instrument face value | $ 310,000 | $ 310,000 | 310,000 | $ 310,000 | ||||||||||
Debt instrument interest rate | 5.00% | |||||||||||||
Debt conversion price per share | $ 1.25 | |||||||||||||
ThirdParty Notes [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Debt instrument face value | $ 32,000 | |||||||||||||
Convertible debt agreement value | 193,841 | |||||||||||||
Number of common shares issued for conversion | 72,038 | |||||||||||||
Debt conversion amount | $ 59,097 | |||||||||||||
Gain (loss) on extinguishment of debt | $ 27,097 | |||||||||||||
ThirdParty Notes [Member] | Convertible Note [Member] | ||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||
Convertible debt agreement value | $ 250,000 | |||||||||||||
Number of common shares issued for conversion | 200,000 | |||||||||||||
Debt conversion amount | $ 268,000 | |||||||||||||
Gain (loss) on extinguishment of debt | 196,757 | |||||||||||||
Outstanding convertible debt and accrued interest | $ 321,243 |
SCHEDULE OF LEASE RECEIVABLES R
SCHEDULE OF LEASE RECEIVABLES RECOGNIZED (Details) - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Leases | ||
Balance, beginning of the period | $ 42,856 | |
Additions | 720,285 | 45,856 |
Transfer to third party | (120,231) | |
Interest on lease receivables | 9,036 | |
Receipt of payments | (53,415) | (3,000) |
Balance, end of the period | 598,531 | 42,856 |
Current portion of lease receivables | (86,386) | (4,297) |
Long term potion of lease receivables | $ 512,145 | $ 38,559 |
SCHEDULE OF CONSOLIDATED BALANC
SCHEDULE OF CONSOLIDATED BALANCE SHEET FOR LEASE (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Leases | ||
Cost | $ 312,404 | $ 302,477 |
Accumulated depreciation | (139,278) | (53,158) |
Total right-of-use assets | 173,126 | 249,319 |
Current portion | 123,688 | 125,864 |
Long-term portion | 58,010 | 150,877 |
Total lease liability | $ 181,698 | $ 276,741 |
SCHEDULE OF FUTURE MINIMUM LEAS
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Leases | ||
Remainder of 2021 | $ 26,940 | |
2022 | 127,855 | |
2023 | 40,288 | |
2024 | 4,578 | |
2025 | 1,141 | |
Total future minimum lease payments | 200,802 | |
Discount | (19,104) | |
Total | 181,698 | $ 276,741 |
Current portion of operating lease liabilities | (123,688) | (125,864) |
Long-term portion of operating lease liabilities | $ 58,010 | $ 150,877 |
LEASES (Details Narrative)
LEASES (Details Narrative) | Sep. 30, 2021USD ($) | Jun. 02, 2021USD ($) | Jun. 02, 2021CAD ($) | Apr. 02, 2021USD ($) | Dec. 31, 2020USD ($) | Jul. 14, 2020USD ($) | Jul. 14, 2020CAD ($) | Jul. 10, 2020USD ($) | Oct. 01, 2019USD ($) |
Lessee, Lease, Description [Line Items] | |||||||||
Lease receivables, payments expected to be received | $ 720,285 | $ 45,856 | |||||||
Inventory | 306,735 | 30,000 | |||||||
Right of use assets | 173,126 | 249,319 | |||||||
Lease liablities | $ 181,698 | $ 276,741 | |||||||
FD150 Lease [Member] | |||||||||
Lessee, Lease, Description [Line Items] | |||||||||
Right of use assets | $ 1,018 | ||||||||
Lease liablities | $ 1,018 | ||||||||
Remaining lease term | 2 years 6 months 29 days | ||||||||
Trailer Lease [Member] | |||||||||
Lessee, Lease, Description [Line Items] | |||||||||
Right of use assets | $ 8,886 | $ 11,016 | |||||||
Lease liablities | $ 8,886 | $ 11,016 | |||||||
Remaining lease term | 3 years 8 months 1 day | ||||||||
CANADA | |||||||||
Lessee, Lease, Description [Line Items] | |||||||||
Right of use assets | $ 164,114 | ||||||||
Lease liablities | 156,364 | ||||||||
Remaining lease term | 11 months 1 day | ||||||||
Prepaid rent | $ 7,750 | ||||||||
Security deposit | $ 7,750 | ||||||||
CABC [Member] | |||||||||
Lessee, Lease, Description [Line Items] | |||||||||
Right of use assets | $ 133,825 | $ 175,843 | |||||||
Lease liablities | 125,014 | 163,895 | |||||||
Remaining lease term | 1 year 9 months 29 days | ||||||||
Prepaid rent | $ 8,811 | $ 11,948 | |||||||
Copier Lease [Member] | |||||||||
Lessee, Lease, Description [Line Items] | |||||||||
Lease agreement term | 5 years | ||||||||
Right of use assets | $ 8,683 | ||||||||
Lease liablities | $ 8,683 | ||||||||
Remaining lease term | 3 years |
MEZZANINE EQUITY (Details Narra
MEZZANINE EQUITY (Details Narrative) - USD ($) | Jun. 10, 2021 | Feb. 04, 2021 | Dec. 07, 2020 | Nov. 06, 2020 | Oct. 14, 2020 | Sep. 30, 2020 | Jul. 20, 2021 | Dec. 23, 2020 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 |
Preferred stock, shares authorized | 6,020,000 | 6,010,000 | ||||||||||
Preferred stock par value | $ 0.001 | $ 0.001 | ||||||||||
Proceeds from issuance of preferred shares | $ 2,109,934 | |||||||||||
Warrants granted | 3,500,000 | |||||||||||
Number of shares issued, value | $ 100,031 | |||||||||||
Securities Purchase greement [Member] | Warrant [Member] | ||||||||||||
Warrants granted | 3,000,000 | |||||||||||
Fair value of warrants | $ 768,008 | |||||||||||
July Series F Securities Purchase Agreement [Member] | Warrant [Member] | ||||||||||||
Warrants granted | 1,180,000 | |||||||||||
Fair value of warrants | $ 138,066 | |||||||||||
Redeemable Series C Preferred Stock [Member] | ||||||||||||
Preferred stock, shares authorized | 10,000 | |||||||||||
Preferred stock par value | $ 0.001 | |||||||||||
Redeemable Series D Preferred Stock [Member] | ||||||||||||
Preferred stock, shares authorized | 1,000,000 | |||||||||||
Preferred stock par value | $ 0.001 | |||||||||||
Conversion of convertible preferred stock into common stock | 5 | |||||||||||
Redeemable Series E Preferred Stock [Member] | ||||||||||||
Preferred stock, shares authorized | 5,000,000 | |||||||||||
Preferred stock par value | $ 0.001 | |||||||||||
Conversion of convertible preferred stock into common stock | 4 | |||||||||||
Redeemable Series F Preferred Stock [Member] | ||||||||||||
Preferred stock, shares authorized | 10,000 | |||||||||||
Preferred stock par value | $ 0.001 | |||||||||||
Convertible preferred stock terms of conversion | Each share of Series F preferred shares is convertible into common stock at an amount equal to the lesser of (a) one hundred percent of the lowest traded price for the Company’s stock for the fifteen trading days immediately preceding the relevant Conversion and (b) a twenty percent discount to the price of the common stock in an offering with gross proceeds of at least $10,000,000. | |||||||||||
Redeemable Series F Preferred Stock [Member] | Maximum [Member] | ||||||||||||
Proceeds from issuance of preferred shares | $ 10,000,000 | |||||||||||
Series C Preferred Stock [Member] | ||||||||||||
Conversion of convertible preferred stock into common stock | 1,512 | |||||||||||
Proceeds from issuance of preferred shares | $ 200,000 | |||||||||||
Number of shares issued, shares | 250 | 250 | ||||||||||
Number of shares converted | 1,573 | |||||||||||
Number of common shares issued for debt conversion | 2,347 | |||||||||||
Debt conversion amount | $ 2,348,208 | |||||||||||
Series C Preferred Stock [Member] | Securities Purchase greement [Member] | ||||||||||||
Shares issued, price per share | $ 1,000 | $ 1,000 | $ 1,000 | |||||||||
Series C Preferred Stock [Member] | Second Closing [Member] | ||||||||||||
Proceeds from issuance of preferred shares | $ 200,000 | $ 300,000 | ||||||||||
Number of shares issued, shares | 200 | 300 | ||||||||||
Series C Preferred Stock [Member] | Maximum [Member] | ||||||||||||
Number of shares issued, shares | 200 | |||||||||||
Series F Preferred Stock [Member] | ||||||||||||
Number of shares issued, shares | 350 | |||||||||||
Number of shares issued, value | $ 350,000 | |||||||||||
Number of shares converted | 275 | |||||||||||
Series F Preferred Stock [Member] | Securities Purchase greement [Member] | ||||||||||||
Sale of stock ,shares issued | 1,000 | |||||||||||
Shares price | $ 1,000 | |||||||||||
Series F Preferred Stock [Member] | July Series F Securities Purchase Agreement [Member] | ||||||||||||
Sale of stock ,shares issued | 400 | |||||||||||
Sale of stock , value | $ 400,000 | |||||||||||
Number of shares issued, value | $ 261,934 | |||||||||||
Series F Preferred Stock [Member] | Second Closing [Member] | ||||||||||||
Proceeds from issuance of preferred shares | $ 1,500,000 | |||||||||||
Number of shares issued, shares | 1,500 | |||||||||||
Series F Preferred Stock [Member] | First And Second Closing [Member] | Securities Purchase greement [Member] | ||||||||||||
Sale of stock ,shares issued | 1,500 | |||||||||||
Sale of stock , value | $ 1,500,000 | |||||||||||
Series F Preferred Stock [Member] | Additional Closing [Member] | Securities Purchase greement [Member] | ||||||||||||
Sale of stock ,shares issued | 1,000 | |||||||||||
Series F Preferred Stock [Member] | First Closing [Member] | ||||||||||||
Number of shares issued, shares | 1,500 | |||||||||||
Number of shares issued, value | $ 731,992 | |||||||||||
Series F Preferred Stock [Member] | First Closing [Member] | Securities Purchase greement [Member] | ||||||||||||
Sale of stock , value | $ 731,992 | |||||||||||
Purchase shares [Member] | ||||||||||||
Number of shares issued, shares | 200 | |||||||||||
Commitment shares | ||||||||||||
Number of shares issued, shares | 50 |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) - USD ($) | Mar. 04, 2021 | Dec. 11, 2020 | May 21, 2020 | Sep. 16, 2021 | May 26, 2021 | Feb. 17, 2021 | Oct. 26, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 |
Class of Stock [Line Items] | ||||||||||
Preferred stock, shares authorized | 3,010,000 | 3,010,000 | ||||||||
Preferred stock par value | $ 0.001 | $ 0.001 | ||||||||
Number of share issued for services, value | $ 1,782,202 | $ 783,899 | ||||||||
Warrant [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Number of warrants issued | 1,000,000 | |||||||||
Series A Preferred Stock [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Preferred stock, shares authorized | 3,000,000 | |||||||||
Preferred stock par value | $ 0.001 | |||||||||
Series B Convertible Preferred Stock [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Preferred stock, shares authorized | 10,000 | |||||||||
Preferred stock par value | $ 0.001 | |||||||||
Conversion of convertible preferred stock into common stock | 100,000 | |||||||||
Series B Preferred Stock [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Conversion of stock shares issued | 4 | 1,000,000 | ||||||||
Debt conversion amount | $ 767,040 | $ 1,340,000 | ||||||||
Number of share issued, shares | 100 | |||||||||
Warrant issued | 1,000,000 | |||||||||
Number of shares converted | 5 | 50 | ||||||||
Shares cancelled | 45 | |||||||||
Number of share issued for services | 16 | |||||||||
Number of share issued for services, value | $ 849,600 | |||||||||
Number of common shares issued for debt conversion | 108 | 136 | ||||||||
Series B Preferred Stock [Member] | Related Parties [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Number of common shares issued for debt conversion | 122 | |||||||||
Series B Preferred Stock [Member] | Former Director [Member | ||||||||||
Class of Stock [Line Items] | ||||||||||
Number of common shares issued for debt conversion | 2 | |||||||||
Series B Preferred Stock [Member] | Warrant [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Number of warrants issued | 1,000,000 | |||||||||
Common Stock [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Conversion of stock shares issued | 500,000 | 500,000 | 100,000 | |||||||
Number of shares converted | 10 | |||||||||
Conversion of stock amount issued | $ 670,000 | $ 670,000 |
SCHEDULE OF COMMON STOCK CONVER
SCHEDULE OF COMMON STOCK CONVERSION INTO DEBT (Details) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2020 | Dec. 31, 2020 | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Fair value | $ 3,577,005 | ||
Common Stock One [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jan. 7, 2020 | ||
Common shares issued | 53,764 | ||
Fair value | [1] | $ 53,226 | |
Converted balance | [2] | 20,000 | |
Loss on conversion | $ (33,226) | ||
Common Stock Two [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Feb. 4, 2020 | ||
Common shares issued | 135,802 | ||
Fair value | [1] | $ 127,654 | |
Converted balance | [2] | 20,000 | |
Loss on conversion | $ (107,654) | ||
Common Stock Three [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Feb. 7, 2020 | ||
Common shares issued | 151,234 | ||
Fair value | [1] | $ 142,160 | |
Converted balance | [2] | 24,500 | |
Loss on conversion | $ (117,660) | ||
Common Stock Four [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Feb. 26, 2020 | ||
Common shares issued | 151,515 | ||
Fair value | [1] | $ 45,455 | |
Converted balance | [2] | 20,000 | |
Loss on conversion | $ (25,455) | ||
Common Stock Five [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Feb. 26, 2020 | ||
Common shares issued | 140,151 | ||
Fair value | [1] | $ 39,242 | |
Converted balance | [2] | 18,500 | |
Loss on conversion | $ (20,742) | ||
Common Stock Six [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Mar. 9, 2020 | ||
Common shares issued | 170,000 | ||
Fair value | [1] | $ 27,200 | |
Converted balance | [2] | 13,090 | |
Loss on conversion | $ (14,110) | ||
Common Stock Seven [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Mar. 9, 2020 | ||
Common shares issued | 195,547 | ||
Fair value | [1] | $ 68,441 | |
Converted balance | [2] | 13,000 | |
Loss on conversion | $ (55,441) | ||
Common Stock Eight [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Mar. 11, 2020 | ||
Common shares issued | 180,505 | ||
Fair value | [1] | $ 63,177 | |
Converted balance | [2] | 12,000 | |
Loss on conversion | $ (51,177) | ||
Common Stock Nine [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Apr. 1, 2020 | ||
Common shares issued | 140,000 | ||
Fair value | [1] | $ 9,800 | |
Converted balance | [2] | 3,889 | |
Loss on conversion | $ (5,911) | ||
Common Stock Ten [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Apr. 1, 2020 | ||
Common shares issued | 220,000 | ||
Fair value | [1] | $ 15,400 | |
Converted balance | [2] | 6,666 | |
Loss on conversion | $ (8,734) | ||
Common Stock Eleven [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Apr. 2, 2020 | ||
Common shares issued | 218,678 | ||
Fair value | [1] | $ 16,379 | |
Converted balance | [2] | 7,000 | |
Loss on conversion | $ (9,379) | ||
Common Stock Twelve [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Apr. 21, 2020 | ||
Common shares issued | 264,026 | ||
Fair value | [1] | $ 24,649 | |
Converted balance | [2] | 8,000 | |
Loss on conversion | $ (16,649) | ||
Common Stock Thirteen [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | May 15, 2020 | ||
Common shares issued | 258,000 | ||
Fair value | [1] | $ 25,800 | |
Converted balance | [2] | 7,166 | |
Loss on conversion | $ (18,634) | ||
Common Stock Fourteen [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | May 19, 2020 | ||
Common shares issued | 426,000 | ||
Fair value | [1] | $ 80,940 | |
Converted balance | [2] | 17,338 | |
Loss on conversion | $ (63,602) | ||
Common Stock Fifteen [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | May 19, 2020 | ||
Common shares issued | 675,675 | ||
Fair value | [1] | $ 100,000 | |
Converted balance | [2] | 30,000 | |
Loss on conversion | $ (70,000) | ||
Common Stock Sixteen [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | May 19, 2020 | ||
Common shares issued | 350,000 | ||
Fair value | [1] | $ 33,250 | |
Converted balance | [2] | 12,705 | |
Loss on conversion | $ (20,545) | ||
Common Stock Seventeen [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | May 19, 2020 | ||
Common shares issued | 337,837 | ||
Fair value | [1] | $ 50,000 | |
Converted balance | [2] | 15,000 | |
Loss on conversion | $ (35,000) | ||
Common Stock Eighteen [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | May 21, 2020 | ||
Common shares issued | 298,606 | ||
Fair value | [1] | $ 56,735 | |
Converted balance | [2] | 13,258 | |
Loss on conversion | $ (43,477) | ||
Common Stock Nineteen [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | May 21, 2020 | ||
Common shares issued | 611,111 | ||
Fair value | [1] | $ 116,111 | |
Converted balance | [2] | 27,750 | |
Loss on conversion | $ (88,361) | ||
Common Stock Twenty [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 8, 2020 | ||
Common shares issued | 500,000 | ||
Fair value | [1] | $ 45,000 | |
Converted balance | [2] | 10,500 | |
Loss on conversion | $ (34,500) | ||
Common Stock Twenty One [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 8, 2020 | ||
Common shares issued | 857,142 | ||
Fair value | [1] | $ 72,857 | |
Converted balance | [2] | 18,000 | |
Loss on conversion | $ (54,857) | ||
Common Stock Twenty Two [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 8, 2020 | ||
Common shares issued | 600,000 | ||
Fair value | [1] | $ 22,800 | |
Converted balance | [2] | 11,549 | |
Loss on conversion | $ (11,251) | ||
Common Stock Twenty Three [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 8, 2020 | ||
Common shares issued | 639,846 | ||
Fair value | [1] | $ 51,188 | |
Converted balance | [2] | 13,437 | |
Loss on conversion | $ (37,751) | ||
Common Stock Twenty Four [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 8, 2020 | ||
Common shares issued | 880,952 | ||
Fair value | [1] | $ 70,476 | |
Converted balance | [2] | 18,500 | |
Loss on conversion | $ (51,976) | ||
Common Stock Twenty Five [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 10, 2020 | ||
Common shares issued | 809,523 | ||
Fair value | [1] | $ 29,952 | |
Converted balance | [2] | 17,000 | |
Loss on conversion | $ (12,952) | ||
Common Stock Twenty Six [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 17, 2020 | ||
Common shares issued | 1,121,212 | ||
Fair value | [1] | $ 55,948 | |
Converted balance | [2] | 18,500 | |
Loss on conversion | $ (37,448) | ||
Common Stock Twenty Seven [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 17, 2020 | ||
Common shares issued | 1,151,515 | ||
Fair value | [1] | $ 46,291 | |
Converted balance | [2] | 19,500 | |
Loss on conversion | $ (26,791) | ||
Common Stock Twenty Eight [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 20, 2020 | ||
Common shares issued | 1,130,000 | ||
Fair value | [1] | $ 45,426 | |
Converted balance | [2] | 17,091 | |
Loss on conversion | $ (28,335) | ||
Common Stock Twenty Nine [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Jul. 23, 2020 | ||
Common shares issued | 879,157 | ||
Fair value | [1] | $ 43,870 | |
Converted balance | [2] | 14,506 | |
Loss on conversion | $ (29,364) | ||
Common Stock Thirty [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 3, 2020 | ||
Common shares issued | 1,309,824 | ||
Fair value | [1] | $ 35,234 | |
Converted balance | [2] | 14,146 | |
Loss on conversion | $ (21,088) | ||
Common Stock Thirty One [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 3, 2020 | ||
Common shares issued | 1,638,117 | ||
Fair value | [1] | $ 33,991 | |
Converted balance | [2] | 17,692 | |
Loss on conversion | $ (16,299) | ||
Common Stock Thirty Two [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 10, 2020 | ||
Common shares issued | 1,412,525 | ||
Fair value | [1] | $ 30,553 | |
Converted balance | [2] | 15,255 | |
Loss on conversion | $ (15,298) | ||
Common Stock Thirty Three [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 13, 2020 | ||
Common shares issued | 1,000,000 | ||
Fair value | [1] | $ 20,100 | |
Converted balance | [2] | 15,000 | |
Loss on conversion | $ (5,100) | ||
Common Stock Thirty Four [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 13, 2020 | ||
Common shares issued | 1,130,000 | ||
Fair value | [1] | $ 25,877 | |
Converted balance | [2] | 11,311 | |
Loss on conversion | $ (14,566) | ||
Common Stock Thirty Five [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 13, 2020 | ||
Common shares issued | 1,465,201 | ||
Fair value | [1] | $ 29,451 | |
Converted balance | [2] | 16,000 | |
Loss on conversion | $ (13,451) | ||
Common Stock Thirty Six [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 19, 2020 | ||
Common shares issued | 1,484,615 | ||
Fair value | [1] | $ 22,269 | |
Converted balance | [2] | 19,300 | |
Loss on conversion | $ (2,969) | ||
Common Stock Thirty Seven [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 25, 2020 | ||
Common shares issued | 1,750,000 | ||
Fair value | [1] | $ 125,125 | |
Converted balance | [2] | 11,340 | |
Loss on conversion | $ (113,785) | ||
Common Stock Thirty Eight [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 25, 2020 | ||
Common shares issued | 1,483,146 | ||
Fair value | [1] | $ 106,045 | |
Converted balance | [2] | 13,200 | |
Loss on conversion | $ (92,845) | ||
Common Stock Thirty Nine [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 25, 2020 | ||
Common shares issued | 620,033 | ||
Fair value | [1] | $ 44,332 | |
Converted balance | [2] | 4,018 | |
Loss on conversion | $ (40,314) | ||
Common Stock Forty [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 25, 2020 | ||
Common shares issued | 1,490,000 | ||
Fair value | [1] | $ 106,535 | |
Converted balance | [2] | 8,851 | |
Loss on conversion | $ (97,684) | ||
Common Stock Forty One [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 25, 2020 | ||
Common shares issued | 1,893,939 | ||
Fair value | [1] | $ 135,417 | |
Converted balance | [2] | 12,500 | |
Loss on conversion | $ (122,917) | ||
Common Stock Forty Two [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 26, 2020 | ||
Common shares issued | 1,818,182 | ||
Fair value | [1] | $ 130,000 | |
Converted balance | [2] | 12,000 | |
Loss on conversion | $ (118,000) | ||
Common Stock Forty Three [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 27, 2020 | ||
Common shares issued | 1,808,989 | ||
Fair value | [1] | $ 156,839 | |
Converted balance | [2] | 16,100 | |
Loss on conversion | $ (140,739) | ||
Common Stock Forty Four [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Aug. 31, 2020 | ||
Common shares issued | 1,808,989 | ||
Fair value | [1] | $ 84,842 | |
Converted balance | [2] | 16,100 | |
Loss on conversion | $ (68,742) | ||
Common Stock Forty Five [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 1, 2020 | ||
Common shares issued | 1,560,000 | ||
Fair value | [1] | $ 79,560 | |
Converted balance | [2] | 9,266 | |
Loss on conversion | $ (70,294) | ||
Common Stock Forty Six [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 2, 2020 | ||
Common shares issued | 1,808,989 | ||
Fair value | [1] | $ 80,283 | |
Converted balance | [2] | 16,100 | |
Loss on conversion | $ (64,183) | ||
Common Stock Forty Seven [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 9, 2020 | ||
Common shares issued | 1,808,989 | ||
Fair value | [1] | $ 66,119 | |
Converted balance | [2] | 16,100 | |
Loss on conversion | $ (50,019) | ||
Common Stock Forty Eight [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 10, 2020 | ||
Common shares issued | 2,727,273 | ||
Fair value | [1] | $ 92,045 | |
Converted balance | [2] | 18,000 | |
Loss on conversion | $ (74,045) | ||
Common Stock Forty Nine [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 14, 2020 | ||
Common shares issued | 1,560,000 | ||
Fair value | [1] | $ 46,566 | |
Converted balance | [2] | 9,266 | |
Loss on conversion | $ (37,300) | ||
Common Stock Fifty [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 17, 2020 | ||
Common shares issued | 345,291 | ||
Fair value | [1] | $ 12,879 | |
Converted balance | [2] | 7,700 | |
Loss on conversion | $ (5,179) | ||
Common Stock Fifty One [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 18, 2020 | ||
Common shares issued | 2,938,117 | ||
Fair value | [1] | $ 113,705 | |
Converted balance | [2] | 19,039 | |
Loss on conversion | $ (94,666) | ||
Common Stock Fifty Two [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 22, 2020 | ||
Common shares issued | 1,515,151 | ||
Fair value | [1] | $ 57,879 | |
Converted balance | [2] | 10,000 | |
Loss on conversion | $ (47,879) | ||
Common Stock Fifty Three [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 24, 2020 | ||
Common shares issued | 412,831 | ||
Fair value | [1] | $ 51,232 | |
Converted balance | [2] | 5,699 | |
Loss on conversion | $ (45,533) | ||
Common Stock Fifty Four [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Date issued | Sep. 29, 2020 | ||
Common shares issued | 2,600,000 | ||
Fair value | [1] | $ 310,700 | |
Converted balance | [2] | 15,444 | |
Loss on conversion | $ (295,256) | ||
Common Stock [Member] [Default Label] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Common shares issued | 52,937,999 | ||
Fair value | [1] | $ 3,577,005 | |
Converted balance | [2] | 777,872 | |
Loss on conversion | $ (2,799,133) | ||
[1] | Fair values are derived based on the closing price of the Company’s common stock on the date of the conversion notice. | ||
[2] | Converted balance includes portions of principal, accrued interest, financing fees, interest penalties and other fees converted upon the issuance of shares of common stock. |
SCHEDULE OF WARRANTS ASSUMPTION
SCHEDULE OF WARRANTS ASSUMPTIONS (Details) | Sep. 30, 2021 |
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Warrants and rights outstanding, measurement input, percent | 0.18 |
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Warrants and rights outstanding, measurement input, percent | 0.82 |
Measurement Input, Expected Term [Member] | Minimum [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Warrants and rights outstanding, measurement input, term | 3 years 3 months 14 days |
Measurement Input, Expected Term [Member] | Maximum [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Warrants and rights outstanding, measurement input, term | 5 years 1 month 9 days |
Measurement Input, Expected Dividend Rate [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Warrants and rights outstanding, measurement input, percent | 0 |
Measurement Input, Price Volatility [Member] | Minimum [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Warrants and rights outstanding, measurement input, percent | 285.40 |
Measurement Input, Price Volatility [Member] | Maximum [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Warrants and rights outstanding, measurement input, percent | 300.18 |
SCHEDULE OF WARRANTS OUTSTANDIN
SCHEDULE OF WARRANTS OUTSTANDING (Details) | 9 Months Ended |
Sep. 30, 2021$ / sharesshares | |
Equity [Abstract] | |
Warrants, Outstanding, Beginning Balance | shares | 12,939,813 |
Weighted Average Exercise Price, Outstanding, Beginning Balance | $ / shares | $ 0.60 |
Warrants, Granted | shares | 3,500,000 |
Weighted Average Exercise Price, Granted | $ / shares | $ 0.41 |
Warrants, Outstanding, Ending Balance | shares | 16,439,813 |
Weighted Average Exercise Price, Outstanding, Ending Balance | $ / shares | $ 0.56 |
COMMON STOCK AND ADDITIONAL P_3
COMMON STOCK AND ADDITIONAL PAID IN CAPITAL (Details Narrative) - USD ($) | Jun. 10, 2021 | Mar. 04, 2021 | Oct. 14, 2020 | Sep. 30, 2020 | May 21, 2020 | Feb. 17, 2021 | Oct. 26, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Jul. 20, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Common Stock, Shares Authorized | 350,000,000 | 350,000,000 | ||||||||||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | ||||||||||
Proceeds from common stock | $ 100,031 | |||||||||||
Stock issued during period, value, issued for services | $ 1,782,202 | 783,899 | ||||||||||
Shares issued on conversion of debt | $ 3,577,005 | |||||||||||
Number of shares issued, shares | 1,751,288 | |||||||||||
Series B Preferred Stock [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of shares issued, shares | 100 | |||||||||||
Number of share issued for services, shares | 16 | |||||||||||
Stock issued during period, value, issued for services | $ 849,600 | |||||||||||
Shares issued on conversion of debt, shares | 108 | |||||||||||
Shares issued on conversion of debt | $ 1,638,920 | |||||||||||
Debt conversion amount | $ 767,040 | $ 1,340,000 | ||||||||||
Series C Preferred Stock [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of shares issued, shares | 250 | 250 | ||||||||||
Shares issued on conversion of debt, shares | 1,512 | |||||||||||
Shares issued on conversion of debt | $ 1,462,296 | |||||||||||
Debt conversion amount | $ 2,348,208 | |||||||||||
Series F Preferred Stock [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of shares issued, shares | 350 | |||||||||||
Shares issued on conversion of debt, shares | 275 | |||||||||||
Shares issued on conversion of debt | $ 134,198 | |||||||||||
Securities Purchase greement [Member] | Series F Preferred Stock [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of warrants issued | 1,180,000 | |||||||||||
Warrants term | 5 years | |||||||||||
Warrants exercise price | $ 0.30 | |||||||||||
Number of warrants, value | $ 138,066 | |||||||||||
Common Stock [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Shares issued on conversion of debt, shares | 8,138,975 | |||||||||||
Number of shares issued, shares | 191,865 | 191,865 | ||||||||||
Proceeds from common stock | $ 100,031 | |||||||||||
Number of share issued for services, shares | 2,430,000 | 2,003,000 | 4,303,000 | |||||||||
Stock issued during period, value, issued for services | $ 2,430 | $ 2,003 | $ 1,360,784 | |||||||||
Shares issued on conversion of debt, shares | 52,937,999 | |||||||||||
Shares issued on conversion of debt | $ 52,941 | |||||||||||
Common Stock [Member] | To Satisfy Shares to be Issued [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of shares issued, shares | 16,880,146 | |||||||||||
Proceeds from common stock | $ 7,521,454 | |||||||||||
Common Stock [Member] | Share Settled Debt [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of shares issued, shares | 2,363,532 | |||||||||||
Proceeds from common stock | $ 214,286 | |||||||||||
Common Stock [Member] | Series B Preferred Stock [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Shares issued on conversion of debt, shares | 16,346,763 | |||||||||||
Shares issued on conversion of debt | $ 3,237,414 | |||||||||||
Common Stock [Member] | Consultant [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of share issued for services, shares | 2,430,000 | |||||||||||
Stock issued during period, value, issued for services | $ 565,250 | |||||||||||
Common Stock [Member] | Legal Settlement [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of shares issued, shares | 715,000 | |||||||||||
Proceeds from common stock | $ 191,235 | |||||||||||
Common Stock [Member] [Default Label] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Shares issued on conversion of debt, shares | 52,937,999 | |||||||||||
Shares issued on conversion of debt | [1] | $ 3,577,005 | ||||||||||
Debt conversion amount | [2] | $ 777,872 | ||||||||||
Warrant [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of warrants issued | 1,000,000 | |||||||||||
Warrants term | 3 years | |||||||||||
Warrants exercise price | $ 0.25 | |||||||||||
Number of warrants, value | $ 163,998 | |||||||||||
Warrants weighted average remaining contractual life | 2 years 9 months 10 days | |||||||||||
Warrants intrinsic value | $ 68,937 | |||||||||||
Warrant [Member] | Series B Preferred Stock [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of warrants issued | 1,000,000 | |||||||||||
Warrant One [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of warrants issued | 500,000 | |||||||||||
Warrants term | 4 years | |||||||||||
Warrants exercise price | $ 1 | |||||||||||
Number of warrants, value | $ 668,461 | |||||||||||
Warrant Two [Member] | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||
Number of warrants issued | 2,000,000 | |||||||||||
Warrants term | 5 years | |||||||||||
Warrants exercise price | $ 0.35 | |||||||||||
Number of warrants, value | $ 410,425 | |||||||||||
[1] | Fair values are derived based on the closing price of the Company’s common stock on the date of the conversion notice. | |||||||||||
[2] | Converted balance includes portions of principal, accrued interest, financing fees, interest penalties and other fees converted upon the issuance of shares of common stock. |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Mar. 04, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 |
Related Party Transaction [Line Items] | ||||
Number of share issued for services, value | $ 1,782,202 | $ 783,899 | ||
Series B Preferred Stock [Member] | ||||
Related Party Transaction [Line Items] | ||||
Shares and warrants issued for services, shares | 16 | |||
Number of share issued for services, value | $ 849,600 | |||
President, CEO and CFO [Member] | ||||
Related Party Transaction [Line Items] | ||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | 387,052 | $ 100,000 | $ 317,997 | |
Accrued bonuses | 132,120 | |||
Due to Related Parties | $ 317,997 | |||
President, CEO and CFO [Member] | Maximum [Member] | ||||
Related Party Transaction [Line Items] | ||||
Accrued bonuses | $ 60,000 |
CONTINGENCIES (Details Narrativ
CONTINGENCIES (Details Narrative) - USD ($) | Oct. 10, 2017 | Jun. 13, 2017 | May 24, 2017 | Sep. 07, 2016 | Mar. 31, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Jun. 05, 2020 |
Debt instrument face amount | $ 150,000 | ||||||||
Damages in excess | $ 270,000 | ||||||||
Contingencies loss | $ 72,500 | ||||||||
Number of common stock shares owed | 1,848,130 | ||||||||
Contingent liability | $ 115,000 | ||||||||
Number of shares issued, value | $ 100,031 | ||||||||
Restricted Stock [Member] | |||||||||
Number of shares issued, shares | 715,000 | ||||||||
Number of shares issued, value | $ 191,235 | ||||||||
Loss on settlement | 76,235 | ||||||||
Debt Settlement Agreement [Member] | |||||||||
Proceeds from convertible debt | $ 250,000 | ||||||||
Number of common shares issued for conversion | 200,000 | ||||||||
Debt conversion amount | $ 268,000 | ||||||||
Outstanding convertible debt and accrued interest | $ 268,000 | 250,000 | |||||||
Cash paid as litigation settlement | $ 250,000 | ||||||||
Number of shares issued, shares | 200,000 | ||||||||
Consulting Agreement [Member] | |||||||||
Litigation settlement | $ 72,000 | ||||||||
Chetu Inc. [Member] | |||||||||
Litigation settlement | $ 27,335 | ||||||||
Litigation settlement interest | $ 4,939 | ||||||||
Trade and other payables | $ 41,353 | $ 47,023 | |||||||
Coastal Investment Partners LLC [Member] | Three 8% Convertible Promissory Notes [Member] | |||||||||
Debt instrument face amount | $ 261,389 | ||||||||
Damages in excess | $ 250,000 |
SCHEDULE OF SUPPLEMENTAL CASH F
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Supplemental Cash Flow Elements [Abstract] | ||
Income tax payments | ||
Interest payments | 57,111 | 2,676 |
Shares issued for convertible notes payable and accrued interest | 3,577,005 | |
Shares issued for debt settlement | 191,235 | 214,286 |
Initial recognition of lease assets | 9,904 | |
Shares issued on conversion of preferred shares | $ 3,235,414 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 1 Months Ended | |||
Nov. 10, 2021 | Sep. 16, 2021 | Jul. 20, 2021 | May 26, 2021 | |
Series B Preferred Stock [Member] | ||||
Subsequent Event [Line Items] | ||||
Conversion of Stock, Shares Converted | 5 | 50 | ||
Series F Preferred Stock [Member] | ||||
Subsequent Event [Line Items] | ||||
Conversion of Stock, Shares Converted | 275 | |||
Subsequent Event [Member] | Series B Preferred Stock [Member] | ||||
Subsequent Event [Line Items] | ||||
Conversion of Stock, Shares Converted | 17 | |||
Conversion of stock amount converted | $ 95,880 | |||
Subsequent Event [Member] | Series F Preferred Stock [Member] | ||||
Subsequent Event [Line Items] | ||||
Conversion of Stock, Shares Converted | 210 | |||
Conversion of stock amount converted | $ 252,000 | |||
Subsequent Event [Member] | Common Stocks [Member] | ||||
Subsequent Event [Line Items] | ||||
Conversion of Stock, Shares Converted | 2,015,194 | |||
Subsequent Event [Member] | Related Party [Member] | Common Stocks [Member] | ||||
Subsequent Event [Line Items] | ||||
Conversion of Stock, Shares Converted | 1,700,000 |