DLT Resolution (DLTI) 10-Q 16 Jul 24 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Jul. 16, 2024
Cover [Abstract]
Entity Registrant Name	DLT RESOLUTION, INC
Entity Central Index Key	0001420368
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Sep. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		44,203,211
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-148546
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	20-8248213
Entity Address Address Line 1	5940 S. Rainbow Blvd
Entity Address Address Line 2	Ste 400-32132
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89118
City Area Code	702
Local Phone Number	796-6363
Entity Interactive Data Current	No

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 194	$ 11,885
Accounts receivable, net of allowance for doubtful accounts of $34,925 at September 30, 2023 and $0 at December 31, 2022	20,013	57,631
Other receivable	192,410	0
Total current assets	212,617	69,516
Intangible assets, net of accumulated amortization	93,349	139,848
Assets from discontinued operations	0	116,352
Total assets	305,966	325,716
Current liabilities
Accounts payable and accrued liabilities	144,172	211,218
Accounts payable, related party	15,887	15,000
Interest payable, related party	61,697	56,210
Related party payables	28,986	57,817
Notes payables, related party	81,500	81,500
Notes payable, current portion	29,553	29,560
Liabilities from discontinued operations	0	746,365
Total current liabilities	361,795	1,197,670
Notes payable, net of current portion	5,000	5,000
Total liabilities	366,795	1,202,670
Common stock, $0.001 par value; 275,000,000 shares authorized; 27,314,561 issued; 23,499,561 outstanding at September 30, 2023 and December 31, 2022	27,315	27,315
Common stock subscribed	206,410	14,000
Additional paid-in capital	6,946,198	6,946,198
Other comprehensive income	363,097	555,810
Treasury stock, 3,815,000 shares as of September 30, 2023 and December 31, 2022, at cost	(5,300)	(5,300)
Accumulated deficit	(7,662,549)	(8,478,977)
Total stockholders' deficit	(60,829)	(876,954)
Total liabilities and stockholders' deficit	305,966	325,716
Series A Convertible Preferred Stock [Member]
Current liabilities
Preferred Stock Value	0	0
Series B Convertible Preferred Stock [Member]
Current liabilities
Preferred Stock Value	$ 64,000	$ 64,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Common stock, shares par value	$ 0.001	$ 0.001
Accounts receivable, net of allowance for doubtful accounts	$ 34,925	$ 0
Common stock, shares authorized	275,000,000	275,000,000
Common stock, shares issued	27,314,561	27,314,561
Common stock, shares outstanding	23,499,561	23,499,561
Treasury stock shares	3,815,000	3,815,000
Series A Convertible Preferred Stocks [Member]
Preferred stock, shares par value	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Convertible Preferred Stocks [Member]
Preferred stock, shares par value	$ 1	$ 1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	64,000	64,000
Preferred stock, shares outstanding	64,000	64,000

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Unaudited Condensed Consolidated Statements of Operations
Revenues	$ 34,113	$ 61,474	$ 107,023	$ 168,048
Cost of revenue and operating expenses
Cost of revenue	30,628	40,109	64,066	115,368
General and administrative	4,404	17,926	29,814	171,678
Depreciation and amortization	14,779	16,052	46,467	48,773
Total operating expenses	49,811	74,087	140,347	335,819
Loss from operations	(15,698)	(12,613)	(33,324)	(167,771)
Other income (expense)
Foreign exchange gain (loss)	9,802	8	9,681	22
Gain on disposition of assets	35,149	0	845,557	0
Interest expense	(1,829)	(1,829)	(5,486)	(10,723)
Total other income (expense)	43,122	(1,821)	849,752	(10,701)
Income (loss) from continuing operations	27,424	(14,434)	816,428	(178,472)
Income (loss) from discontinued operations	0	(4,993)	0	(964,902)
Net income (loss)	$ 27,424	$ (19,427)	$ 816,428	$ (1,143,374)
Net (loss) income per share-basic and diluted	$ 0	$ 0	$ 0.03	$ (0.04)
Average number of shares of common stock outstanding	27,314,561	27,314,561	27,314,561	27,006,353

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Unaudited Condensed Consolidated Statements of Comprehensive Loss
Net (loss) income	$ 27,424	$ (19,427)	$ 816,428	$ (1,143,374)
Other comprehensive income (loss)
Foreign currency translation adjustment	(37,070)	325,970	(192,713)	808,321
Total other comprehensive income (loss)	(37,070)	325,970	(192,713)	808,321
Comprehensive (loss) income	$ (9,646)	$ 306,543	$ 623,715	$ (335,053)

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Changes in Stockholders Deficit - USD ($)	Total	Series B Preferred Stocks [Member]	Common Stock [Member]	Common Stock Subscribed [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Other comprehensive income [Member]	Accumulated Deficit [Member]	Noncontrolling Interest [Member]
Balance, shares at Dec. 31, 2021		64,000	26,926,287
Balance, amount at Dec. 31, 2021	$ 130,476	$ 64,000	$ 26,926	$ 14,000	$ 6,762,010	$ (5,300)	$ (182,345)	$ (6,548,815)	$ 0
Sales of Common Stock, shares			388,274
Sales of Common Stock, amount	184,577	0	$ 389	0	184,188	0	0	0	0
Loss on investment in Union Strategies Inc.	(818,982)							(818,982)
Foreign currency translation adjustment	808,321	0	0	0	0	0	808,321	0	0
Net loss	(1,143,374)	$ 0	$ 0	0	0	0	0	(1,143,374)
Balance, shares at Sep. 30, 2022		64,000	27,314,561
Balance, amount at Sep. 30, 2022	(838,982)	$ 64,000	$ 27,315	14,000	6,946,198	(5,300)	625,976	(8,511,171)	0
Balance, shares at Dec. 31, 2022		64,000	27,314,561
Balance, amount at Dec. 31, 2022	(876,954)	$ 64,000	$ 27,315	14,000	6,946,198	(5,300)	555,810	(8,478,977)	0
Net loss	816,428	0	0	0	0		0	816,428	0
Foreign currency translation adjustment	(192,713)	0	0	0	0	0	(192,713)	0	0
Sales of common stock subscriptions	192,410	$ 0	$ 0	192,410	0	0	0	0	0
Balance, shares at Sep. 30, 2023		64,000	27,314,561
Balance, amount at Sep. 30, 2023	$ (60,829)	$ 64,000	$ 27,315	$ 206,410	$ 6,946,198	$ (5,300)	$ 363,097	$ (7,662,549)	$ 0

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities
Income (loss) from continuing operations	$ 816,428	$ (178,472)
Adjustments to reconcile net loss to net cash used in operating activities
Gain on disposition of assets	(845,557)	0
Depreciation and amortization expense	46,467	48,773
Bad debt expense	0	34,925
Changes in operating assets and liabilities
Accounts receivable	(67,821)	(55,209)
Interest payable, related party	5,486	7,315
Accounts payable and accrued liabilities	7,190	18,180
Accounts payable, related parties	23,507	(76,521)
Net cash used in operating activities	(14,300)	(201,009)
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from sales of common stock	0	184,577
Net cash provided by financing activities	0	184,577
Net change in cash	(14,300)	(16,432)
Effect of exchange rate on cash	2,609	(3,936)
Cash at beginning of period	11,885	29,782
Cash at end of period	194	9,414
Supplemental cash flow information
Cash paid for interest	0	0
Cash paid for income taxes	0	0
Non-cash financing activities:
Common share subscription receivable	$ 192,410	$ 0

Organization and Significant Ac

Organization and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Organization and Significant Accounting Policies
Organization and Significant Accounting Policies	Note 1 – Organization and Significant Accounting Policies The Company was organized on January 17, 2007 (Date of Inception) under the laws of the State of Nevada, as DBL Senior Care, Inc. and subsequently changed its name to DLT Resolution Inc. on December 4, 2017. DLT Resolution Inc. (“DLT”, the “Company”, “we” and “our”) operates in blockchain applications and telecommunications in Canada and the United States. The Company operates a Health Information Exchange providing the ability to request and retrieve medical information and records while meeting all of today’s security & compliance demands for HIPAA, PIPEDA and PHIPA. In April 2023, the Company acquired DLT Telecom, Inc., a newly formed Canadian corporation, for a nominal amount. The Company uses DLT Telecom, Inc. as the successor entity for its operations that were conducted by DLT Resolution Corp. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience negative cash flow from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management’s plans in regards to this matter include raising additional equity financing and borrowing funds under a private credit facility and/or other credit sources. Interim Condensed Consolidated Financial Statements The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and in conformity with the instructions to Form 10-Q and Article 8 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these condensed consolidated financial statements are adequate to make the information presented not misleading. The unaudited condensed consolidated financial statements included in this document have been prepared on the same basis as the annual consolidated financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with US GAAP and SEC regulations for interim financial statements. The results for the nine months ended September 30, 2023 are not necessarily indicative of the results that we will have for any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to those statements for the year ended December 31, 2022 included in our Annual Report on Form 10-K as filed with the SEC on March 13, 2023. Revenue Recognition The Company follows ASC 606 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue upon the transfer of promised services to customers in amounts that reflect the consideration to which the Company expects to be entitled the transfer of services. The Company considers revenue earned when all the following criteria are met: (i) the contract with the customer has been identified, (ii) the performance obligations have been identified, (iii) the transaction price has been determined, (iv) the transaction price has been allocated to the performance obligations, and (v) the performance obligations have been satisfied. The Company primarily generates revenues through the sale of products through its website and at industry tradeshows. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Income taxes Income taxes are provided for using the liability method of accounting in accordance with FASB ASC Topic 740 (formally SFAS No. 109 “Accounting for Income Taxes”). A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. At September 30, 2023, there were no uncertain tax positions that require accrual. Net Income (Loss) Per Share Net loss per share is calculated in accordance with FASB ASC topic 260. Basic earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period, assuming conversion or exercise of all potentially dilutive securities outstanding during each reporting period presented. Potentially dilutive securities are not presented or used in the computation of diluted loss per share on the statement of operations for periods when the Company incurs net losses, as their effect would be anti-dilutive. As of September 30, 2023 and December 31, 2022, the Company had 0 shares of Series A Convertible Preferred Stock issued and outstanding, which were previously convertible into 12,800 shares of the Company’s Common Stock. Foreign Currency Translation The functional currency of the Company’s subsidiaries in Canada is the Canadian Dollar. The subsidiaries’ assets and liabilities have been translated to U.S. dollars using exchange rates of 0.755744 and 0.738989 in effect at the balance sheet dates of September 30, 2023, and December 31, 2022, respectively. Unaudited condensed consolidated statements of operations amounts have been translated using the weighted average exchange rates of 0.724603 for the nine months ended September 30, 2023, and 0.775500 for the nine months ended September 30, 2022. Resulting gains or losses from translating foreign currency financial statements are recorded as other comprehensive income (loss). Foreign currency transaction gains and losses resulting from exchange rate fluctuations on transactions denominated in a currency other than the local currency are included in other income (expense). Foreign currency transaction gains (losses) recognized for the nine-month periods ended September 30, 2023 and 2022 were $9,681 and $22, respectively. Fair Value of Financial Instruments Fair value of certain of the Company’s financial instruments including cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, notes payable, and other accrued liabilities approximate cost because of their short maturities. The Company measures and reports fair value in accordance with ASC 820, “Fair Value Measurements and Disclosure” defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value investments. Fair value, as defined in ASC 820, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of an asset should reflect its highest and best use by market participants, principal (or most advantageous) markets, and an in-use or an in-exchange valuation premise. The fair value of a liability should reflect the risk of non-performance, which includes, among other things, the Company’s credit risk. Valuation techniques are generally classified into three categories: the market approach; the income approach; and the cost approach. The selection and application of one or more of the techniques may require significant judgment and are primarily dependent upon the characteristics of the asset or liability, and the quality and availability of inputs. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 also provides fair value hierarchy for inputs and resulting measurement as follows: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities; and Level 3: Unobservable inputs for the asset or liability that are supported by little or no market activity, and that are significant to the fair values. Fair value measurements are required to be disclosed by the Level within the fair value hierarchy in which the fair value measurements in their entirety fall. Fair value measurements using significant unobservable inputs (in Level 3 measurements) are subject to expanded disclosure requirements including a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earning are reported in the statement of income.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2023
Discontinued Operations
Discontinued Operations	Note 2 – Discontinued Operations The Company suspended the operations of Union Strategies, Inc. (“USI”) in 2022 and recognizes its activities as discontinued operations within the accompanying unaudited condensed consolidated financial statements. All assets are written off and included in the loss from discontinued operations. In 2023, the Company sold its 100% ownership of USI to a third party for a nominal payment and the acquirer assumed all of USI’s liabilities on a nonrecourse basis. On March 15, 2023, the Company sold its 100% ownership of DLT Data Services Inc. to a third party for a nominal purchase price and has recognized its activities as discontinued operations within the accompanying unaudited condensed consolidated financial statements.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2023
Intangible Assets
Intangible Assets	Note 3 – Intangible Assets We amortize identifiable intangible assets on a straight-line basis over their estimated useful lives. As of September 30, 2023 and December, 2022, identifiable intangibles were as follows: September 30, 2023 December 31, 2022 Developed technology $ 299,224 $ 299,291 Customer relationships 96,047 96,069 Domain and trade name 3,694 3,695 Non-compete 34,725 34,732 Accumulated amortization (340,341 ) (293,939 ) Total intangible assets, net $ 93,349 $ 139,848 Expected future amortization expense related to identifiable intangibles based on our carrying amount as of September 30, 2023 for the following five years is as follows (in thousands): For the Twelve Months ended September 30, 2024 $ 62,000 2025 31,349 $ 93,349

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2023
Notes Payable
Notes Payable	Note 4 – Notes Payable On August 1, 2017, the Company issued a non-interest bearing $5,000 note payable due on July 1, 2019 to a third party in exchange for Company Common Stock held by the third party. As of September 30, 2023, the note is unpaid.

Stockholders Deficit

Stockholders Deficit	9 Months Ended
	Sep. 30, 2023
Stockholders Deficit
Stockholders' Deficit	Note 5 – Stockholders’ Deficit Common stock subscribed During the nine months ended September 30, 2023, the Company sold subscriptions to purchase 4,878,503 shares for $192,410. The Company sold a subscription to purchase 14,000 shares of its Common Stock for $14,000 on April 24, 2020. To date, the shares have not been issued to the purchaser.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions
Related Party Transactions	Note 6 – Related Party Transactions In connection with the sales of stock subscriptions, the Company directed the proceeds to be deposited into DLT International, Inc., a Company controlled by the Company’s Chief Executive Officer, for the purposes of safekeeping. The funds were used subsequent to September 30, 2023 to pay the Company’s operating expenses. In January 2024, DLT International, Inc. became a wholly-owned subsidiary of the Company. The Company paid $23,949 and $0 for the services of the Company’s directors or executives during the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023 and, the Company had an outstanding payable to related parties of $28,986 compared to $57,817 at December 31, 2022. The obligations are unsecured, non-interest bearing, due on demand and payable in Canadian dollars. The Company has a note payable to a related party as settlement for consulting services. The note carries interest of 9% compounded annually and is due on demand. As of September 30, 2023 and December 31, 2023, $81,500 of principal and $61,697 and $56,210, of accrued interest was due, respectively.

Concentrations

Concentrations	9 Months Ended
	Sep. 30, 2023
Concentrations
Concentrations	Note 7 – Concentrations During the nine-month periods ended September 30, 2023 and September 30, 2022, no single customer accounted for more than 10% of total revenue for the respective periods. As of September 30, 2023 and December 31, 2022, no customer had an outstanding accounts receivable balance that was 10% of our total accounts receivable at that time.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies
Commitments and Contingencies	Note 8 – Commitments and Contingencies A Canadian subsidiary of the Company incurs employer payroll taxes and withholds payroll taxes from employee compensation and is required to remit the funds to Canadian government authorities on a timely basis. The subsidiary has not remitted the payroll taxes and carries the obligation as a current liability. The subsidiary intends to remit the funds as soon as it has the financial ability. The government authorities may assess penalties and interest on the subsidiary and has garnished amounts from the DLT Resolution Corp. bank account. No provision on the balance sheet is carried for the possible assessment of penalties and interest. Management estimates that the amount of a potential assessment would not be material to the financial statements as of September 30, 2023 and the nine months then ended. The Company charges and collects Canadian federal and provincial sales taxes known as harmonized sales tax or HST and is required to remit the funds to Canadian government authorities on a timely basis. The subsidiary has not remitted the HST taxes and carries the obligation as a current liability. The subsidiary intends to remit the funds as soon as it has the financial ability. The government authorities may assess penalties and interest on the subsidiary. No provision on the balance sheet is carried for the possible assessment. Management estimates that the amount of a potential assessment would not be material to the financial statements as of September 30, 2023 and the nine months then ended.

Subsequent events

Subsequent events	9 Months Ended
	Sep. 30, 2023
Subsequent events
Subsequent events	Note 9 – Subsequent events On December 21, 2023, the Company issued 2,166,667 shares of Common Stock in exchange for 64,000 shares Series B convertible Preferred Stock. On January 1, 2024, the Company acquired 100% ownership of DLTI International Inc., an Ontario corporation that was owned by the Company’s Chief Executive Officer, for nominal consideration. The Company issued 5,000,000 shares of Common Stock for services in connection with an employment agreement with the Company’s Chief Executive Officer and 2,500,000 shares in connection with a consulting agreement. On March 11, 2024, the Company entered into a purchase agreement with Global Motor Trade LLC, Global Motor Trade International LLC, SJ Auto Trade LLC, WEC International LLC. and the beneficial owners of each entity, collectively referred to as GMTI. GMTI, based in the United States, specializes in international wholesale distribution and sale of vehicles, vehicle parts and equipment, and machinery and equipment, with a primary focus on United States, Canada, Mexico, Southeast Asia, China, Europe, Dubai, and Africa. The Company paid the purchase price by issuing 6,013,900 shares of Common Stock valued at the current market value at that time and any pledge to transfer new shares issued to the Company’s Chief Executive Officer up through May 31, 2024, or by closing. On March 13, 2024, the Company appointed Charles Brofman as Director, General Counsel and Secretary. On April 9, 2024, the Company sold its 100% ownership of DLT Resolution Corp. to a third party for a nominal purchase price and the acquirer assumed all DLT Resolution Corp’s liabilities on a nonrecourse basis. In April 2024, the Company issued 5,000,000 shares of its Common Stock as compensation for services performed by the Company’s chief executive officer.

Organization and Significant _2

Organization and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Organization and Significant Accounting Policies
Interim Condensed Consolidated Financial Statements	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and in conformity with the instructions to Form 10-Q and Article 8 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these condensed consolidated financial statements are adequate to make the information presented not misleading. The unaudited condensed consolidated financial statements included in this document have been prepared on the same basis as the annual consolidated financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with US GAAP and SEC regulations for interim financial statements. The results for the nine months ended September 30, 2023 are not necessarily indicative of the results that we will have for any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to those statements for the year ended December 31, 2022 included in our Annual Report on Form 10-K as filed with the SEC on March 13, 2023.
Revenue Recognition	The Company follows ASC 606 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue upon the transfer of promised services to customers in amounts that reflect the consideration to which the Company expects to be entitled the transfer of services. The Company considers revenue earned when all the following criteria are met: (i) the contract with the customer has been identified, (ii) the performance obligations have been identified, (iii) the transaction price has been determined, (iv) the transaction price has been allocated to the performance obligations, and (v) the performance obligations have been satisfied. The Company primarily generates revenues through the sale of products through its website and at industry tradeshows.
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income taxes	Income taxes are provided for using the liability method of accounting in accordance with FASB ASC Topic 740 (formally SFAS No. 109 “Accounting for Income Taxes”). A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. At September 30, 2023, there were no uncertain tax positions that require accrual.
Net Income (Loss) Per Share	Net loss per share is calculated in accordance with FASB ASC topic 260. Basic earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period, assuming conversion or exercise of all potentially dilutive securities outstanding during each reporting period presented. Potentially dilutive securities are not presented or used in the computation of diluted loss per share on the statement of operations for periods when the Company incurs net losses, as their effect would be anti-dilutive. As of September 30, 2023 and December 31, 2022, the Company had 0 shares of Series A Convertible Preferred Stock issued and outstanding, which were previously convertible into 12,800 shares of the Company’s Common Stock.
Foreign Currency Translation	The functional currency of the Company’s subsidiaries in Canada is the Canadian Dollar. The subsidiaries’ assets and liabilities have been translated to U.S. dollars using exchange rates of 0.755744 and 0.738989 in effect at the balance sheet dates of September 30, 2023, and December 31, 2022, respectively. Unaudited condensed consolidated statements of operations amounts have been translated using the weighted average exchange rates of 0.724603 for the nine months ended September 30, 2023, and 0.775500 for the nine months ended September 30, 2022. Resulting gains or losses from translating foreign currency financial statements are recorded as other comprehensive income (loss). Foreign currency transaction gains and losses resulting from exchange rate fluctuations on transactions denominated in a currency other than the local currency are included in other income (expense). Foreign currency transaction gains (losses) recognized for the nine-month periods ended September 30, 2023 and 2022 were $9,681 and $22, respectively.
Fair Value of Financial Instruments	Fair value of certain of the Company’s financial instruments including cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, notes payable, and other accrued liabilities approximate cost because of their short maturities. The Company measures and reports fair value in accordance with ASC 820, “Fair Value Measurements and Disclosure” defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value investments. Fair value, as defined in ASC 820, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of an asset should reflect its highest and best use by market participants, principal (or most advantageous) markets, and an in-use or an in-exchange valuation premise. The fair value of a liability should reflect the risk of non-performance, which includes, among other things, the Company’s credit risk. Valuation techniques are generally classified into three categories: the market approach; the income approach; and the cost approach. The selection and application of one or more of the techniques may require significant judgment and are primarily dependent upon the characteristics of the asset or liability, and the quality and availability of inputs. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 also provides fair value hierarchy for inputs and resulting measurement as follows: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities; and Level 3: Unobservable inputs for the asset or liability that are supported by little or no market activity, and that are significant to the fair values. Fair value measurements are required to be disclosed by the Level within the fair value hierarchy in which the fair value measurements in their entirety fall. Fair value measurements using significant unobservable inputs (in Level 3 measurements) are subject to expanded disclosure requirements including a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earning are reported in the statement of income.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Intangible Assets
Schedule of assets Amortization on a straight-line basis	September 30, 2023 December 31, 2022 Developed technology $ 299,224 $ 299,291 Customer relationships 96,047 96,069 Domain and trade name 3,694 3,695 Non-compete 34,725 34,732 Accumulated amortization (340,341 ) (293,939 ) Total intangible assets, net $ 93,349 $ 139,848
Schedule of finite lived intangible assets future amortization expense	For the Twelve Months ended September 30, 2024 $ 62,000 2025 31,349 $ 93,349

Organization and Significant _3

Organization and Significant Accounting Policies (Details Narrative)	9 Months Ended
	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 shares
Foreign exchange loss | $	$ 9,681	$ 22
Exchange rate	0.755744		0.738989
Weighted average exchange rates	0.724603	0.775500
Series A Convertible Preferred Stock [Member]
Preferred stock shares issued	0		0
Preferred stock shares outstanding	0		0
Series A Convertible Preferred Stock [Member] | Convertible note [Member]
Convertible preferred stock shares issued upon conversion of common stock	12,800		12,800

Discontinued Operations (Detail

Discontinued Operations (Details Narrative)	Sep. 30, 2023	Mar. 15, 2023
Discontinued Operations
Sold ownership percentage	100%	100%

Intangible Assets (Details )

Intangible Assets (Details ) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Accumulated amortization	$ (340,341)	$ (293,939)
Total intangible assets, net	93,349	139,848
Developed Technology [Member]
Total intangible assets, Gross	299,224	299,291
Customer Relationships [Member]
Total intangible assets, Gross	96,047	96,069
Domain and trade name [Member]
Total intangible assets, Gross	3,694	3,695
Non-compete [Member]
Total intangible assets, Gross	$ 34,725	$ 34,732

Intangible Assets (Details 1)

Intangible Assets (Details 1)	Sep. 30, 2023 USD ($)
Intangible Assets
2024	$ 62,000
2025	31,349
Total	$ 93,349

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Notes payable	$ 5,000	$ 5,000
August 1, 2017 [Member] | Unrelated Party [Member]
Notes payable	$ 5,000
Related party note, maturity date	Jul. 01, 2019

Stockholders Deficit (Details N

Stockholders Deficit (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Apr. 24, 2020
Stockholders Deficit
Common Stock, Shares, Subscriptions			14,000
Common stock shares sold, shares	4,878,503
Common stock shares sold, value	$ 192,410
Common Stock, Value, Subscriptions	$ 206,410	$ 14,000	$ 14,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transactions
Interest rate	9%
Related party payables	$ 28,986		$ 57,817
Payments for services	23,949	$ 0
Interest payable, related party	61,697		56,210
Notes payables, related party	$ 81,500		$ 81,500

Concentrations (Details Narrati

Concentrations (Details Narrative)	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accounts Receivable [Member]
Concentrations credit risk percentage	10%		10%
Revenue [Member]
Concentrations credit risk percentage	10%	10%

Subsequent events (Details Narr

Subsequent events (Details Narrative) - shares				1 Months Ended
	Apr. 09, 2024	Jan. 01, 2024	Aug. 15, 2023	Apr. 30, 2024	Dec. 21, 2023	Mar. 11, 2024
Share issued for services			5,000,000
Subsequent Event [Member]
Exchange for issuance of common stock					2,166,667
Share issued for purchase price						6,013,900
Subsequent Event [Member] | Chief Executive Officer [Member]
Common stock issued as compensation				5,000,000
Subsequent Event [Member] | Series B Convertible Preferred Stock [Member]
Issued shares for exchange of preferred stock					64,000
Subsequent Event [Member] | Ontario Corporation [Member]
Ownership percentage		100%
Subsequent Event [Member] | DLT Resolution Corp [Member]
Ownership percentage	100%