Basanite (BASA) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-53574
Entity Registrant Name	Basanite, Inc.
Entity Central Index Key	0001448705
Entity Tax Identification Number	20-4959207
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2660 NW 15th Court
Entity Address, Address Line Two	Unit 108
Entity Address, City or Town	Pompano Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33069
City Area Code	(954)
Local Phone Number	532-4653
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		259,156,796

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash	$ 31,919	$ 30,340
Accounts receivable, net	49,942	67,960
Prepaid expenses	98,068	137,370
TOTAL CURRENT ASSETS	179,929	235,670
Lease right-of-use asset	104,178	153,270
Fixed assets, net	466,195	530,238
TOTAL NON CURRENT ASSETS	570,373	683,508
TOTAL ASSETS	750,302	919,178
CURRENT LIABILITIES
Accounts payable	1,777,783	1,713,045
Accrued expenses	744,461	438,870
Accrued legal liability	165,000	165,000
Subscription liability		1,300,000
Notes payable	295,000	304,243
Notes payable - related party	1,165,000	605,000
Notes payable - convertible - related party, net	2,144,357	2,144,357
Due to shareholders	485,000	505,000
Lease liability –current portion	95,928	93,186
TOTAL CURRENT LIABILITIES	7,170,984	7,268,701
Lease liability –net of current portion	8,250	56,915
TOTAL LIABILITIES	7,179,234	7,325,616
STOCKHOLDERS’ (DEFICIT) EQUITY
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 257,156,796 and 253,217,402 shares issued and outstanding, respectively	257,157	253,218
Additional paid-in capital	48,793,681	47,433,354
Accumulated deficit	(55,181,315)	(54,093,010)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY	(6,130,477)	(6,406,438)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	$ 750,302	$ 919,178

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	1,000,000,000
Common Stock, Shares, Outstanding	257,156,796	253,217,402

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue
Products sales – rebar	$ 153,406	$ 288,050	$ 268,524	$ 546,339
Total cost of goods sold	93,832	611,163	113,583	1,196,974
Gross (loss)	59,574	(323,113)	154,941	(650,635)
OPERATING EXPENSES
Sales, general, and administrative	535,355	1,035,717	970,139	2,083,095
Total operating expenses	535,355	1,035,717	970,139	2,083,095
NET LOSS FROM OPERATIONS	(475,781)	(1,358,830)	(815,198)	(2,733,730)
OTHER INCOME (EXPENSE)
Liquidated damages – loan commitment		(403,643)		(426,759)
Interest expense	(144,070)	(181,589)	(273,107)	(304,234)
Total other income (expense)	(144,070)	(585,232)	(273,107)	(730,993)
NET LOSS	$ (619,851)	$ (1,944,062)	$ (1,088,305)	$ (3,464,723)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Earnings per share, basic	$ (0.02)	$ (0.01)	$ (0.04)	$ (0.01)
Earnings per share, diluted	$ (0.02)	$ (0.01)	$ (0.04)	$ (0.01)
Weighted average number of shares outstanding, basic	251,488,656	251,800,462	253,884,069	250,996,454
Weighted average number of shares outstanding, diluted	251,488,656	251,800,462	253,884,069	250,996,454

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 248,842	$ 46,054,126	$ (46,121,210)	$ 181,758
Beginning balance, shares at Dec. 31, 2021	248,840,144
Stock issued for cash, net of costs of $50,409	$ 2,121	647,470		649,591
Stock issued for cash, net of costs, shares	2,121,212
Stock issued for exercise of warrants	$ 500	124,500		125,000
Stock issued for exercise of warrants, shares	500,000
Stock issued to service provider	$ 300	57,600		57,900
Stock issued to service provider, shares	300,000
Warrants issued to management		169,565		169,565
Net loss			(1,520,661)	(1,520,661)
Ending balance, value at Mar. 31, 2022	$ 251,763	47,053,261	(47,641,871)	(336,847)
Ending balance, shares at Mar. 31, 2022	251,761,356
Shares issued to related party for services	$ 122	18,162		18,284
Shares issued to related party for services, shares	122,713
Vesting of warrants issued to management		41,706		41,706
Warrants issued to Related Party for services provided		64,264		64,264
Net loss			(1,944,062)	(1,944,062)
Ending balance, value at Jun. 30, 2022	$ 251,885	47,177,393	(49,585,933)	(2,156,655)
Ending balance, shares at Jun. 30, 2022	251,884,069
Beginning balance, value at Dec. 31, 2022	$ 253,218	47,433,354	(54,093,010)	(6,406,438)
Beginning balance, shares at Dec. 31, 2022	253,217,402
Stock-based compensation		64,266		64,266
Net loss			(468,454)	(468,454)
Ending balance, value at Mar. 31, 2023	$ 253,218	47,497,620	(54,561,464)	(6,810,626)
Ending balance, shares at Mar. 31, 2023	253,217,402
Stock issued for cash	$ 3,939	1,269,061		$ 1,300,000
Stock issued for cash, shares	3,939,394			3,939,394
Net loss			(619,851)	$ (619,851)
Ending balance, value at Jun. 30, 2023	$ 257,157	$ 48,793,681	$ (55,181,315)	$ (6,130,477)
Ending balance, shares at Jun. 30, 2023	257,156,796

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2022 USD ($)
Statement of Stockholders' Equity [Abstract]
Net of cost	$ 50,409

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,088,305)	$ (3,464,723)
Adjustments to reconcile net loss to net cash used in operating activities:
Lease right-of-use asset amortization	49,092	143,495
Lease right-of-use asset accretion, related party		(1,050)
Depreciation and amortization	64,043	67,165
Stock-based compensation	506,149	426,856
Changes in operating assets and liabilities:
Prepaid expenses	39,302	(18,383)
Inventory		396,683
Accounts receivable	18,018	(16,439)
Deposits and other current assets		12,117
Accounts payable and accrued expenses	370,329	1,227,774
Subscription liability		1,300,000
Lease liability, operating leases	(45,923)	(155,024)
Net cash used in operating activities	(529,178)	(81,529)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment		(742,832)
Net cash used in investing activities		(742,832)
CASH FLOWS FROM FINANCING ACTIVITIES:
Lease liability, financing lease – related party		851
Proceeds from sale of common stock, net of costs		649,591
Proceeds from exercise of stock options		125,000
Proceeds from notes payable and notes payable related party	560,000
Repayments of notes payable and notes payable related party	(29,243)
Net cash provided by financing activities	530,757	773,740
NET INCREASE (DECREASE) IN CASH	1,579	(50,621)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,340	109,514
CASH AND CASH EQUIVALENTS AT END OF PERIOD	31,919	58,893
Supplemental cash flow information:
Cash paid for income taxes
Cash paid for interest
Forgiveness of Paycheck Protection Program loan and accrued interest
Supplemental disclosure of non cash investing and financing activities:
Common stock issued for services		57,900
Issuance of warrants for services		64,264
Shares issued for subscription liability	1,300,000
Accounts payable paid by financing lease, related party		$ 450,000

ORGANIZATION, NATURE OF BUSINES

ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN	NOTE 1 – ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (A) Description of Business Basanite, Inc., a Nevada corporation (the “Company”, “Basanite”, “we”, “us”, “our” or similar terminology), through our wholly owned subsidiary, Basanite Industries, LLC, a Delaware limited liability company (“BI”), manufactures a range of “green” (environmentally friendly), sustainable, non-corrosive, lightweight, composite products used in concrete reinforcement by the construction industry. Our core product is BasaFlex™, a basalt fiber reinforced polymer reinforcing bar (“rebar”) which we believe is a stronger, lighter, sustainable, non-conductive and corrosion-proof alternative to traditional steel. Our two other main product lines are BasaMix™, which are fine denier basalt fibers available in various sizes, and BasaMesh™, a line of Basalt Geogrid Mesh Rolls, intended to replace welded wire mesh (made of steel) and other fiber reinforced polymer (“FRB”) grids and mesh. BasaMix™ is designed to help absorb the stresses associated with early-aged plastic shrinkage and settlement cracking in concrete, as well as providing an increased toughness for enhanced reinforcement in Slab-on-Grade (“SOG”) and precast elements. BasaMix™ also serves in a “system approach” for optimum performance of a concrete element when used in conjunction with our BasaFlex™ rebar. BasaMesh™ is designed for secondary and temperature shrinkage reinforcement. BasaMesh™ can also work in conjunction with the BasaFlex™ rebar or BasaMix™ for a total reinforcement program. Each of our products is specifically designed to extend the lifecycle of concrete products by eliminating “concrete spalling.” Spalling results from the steel reinforcing materials embedded within the concrete member rusting (contrary to popular belief, concrete is porous and water can permeate into concrete). Rusting leads to the steel expanding and eventually causing the surrounding concrete to delaminate, crack, or even break off, resulting in potential structural failure. We believe that each Basanite product addresses this important need along with other key requirements in today’s construction market. Manufacturing We previously leased a fully permitted, 36,900 square foot facility located in Pompano Beach, Florida equipped with five customized, Underwriters Laboratories approved, Pultrusion manufacturing machines for BasaFlex™ production, plus other composite manufacturing equipment. Each Pultrusion machine has up to two linear production lines (we use one or two lines per machine depending on rebar size – giving a maximum capacity of 10 manufacturing lines). To date, BI’s operations team has successfully optimized and scaled the capacity of our manufacturing plant to produce up to 25,000 linear feet of BasaFlex™ rebar per shift, per day, depending on the product mix. BI’s own fully equipped test lab is utilized to evaluate, validate, and verify each product’s performance attributes. Depending on our manufacturing needs in the future, we have and may continue to explore alternative or additional manufacturing or corporate facilities. As of December 31, 2022, we no longer operate nor manufacture in our previous Pompano Beach facility. To satisfy what we perceive the market interest for BasaFlex™ to be, and in particular to address potential large-scale customers like CPPB, we need to significantly accelerate the expansion of our manufacturing capacity. Our current goal is to locate a new manufacturing facility and restart our manufacturing operations and ultimately to reach a plant production capacity exceeding 73,000 linear feet per day per day on a two day shift basis (which would be 3 times our current capacity). To accomplish these goals, we have designed and developed customized pultrusion equipment which offers significantly increased capacity in the same footprint as our current equipment. Our new technology manufacturing system, named BasaMax™ Based on this trial, we are planning a two-phase plant expansion, eventually including a total of 10 of these new machines. Our goal, subject to raising sufficient funding of about 5 million dollars, is to have the first set of five of the new machines installed and be operational by the end of the third quarter of 2023, and to install and have operational five more, along with additional custom manufacturing equipment, by the third quarter of 2024 providing sales dictate. This would create the opportunity for BI to ultimately reach our production level target for the new facility by the close of 2024. (B) Liquidity and Management Plans Since inception, the Company has incurred net operating losses and used cash in operations. As of June 30, 2023, and December 31, 2022, respectively, the Company reported: · an accumulated deficit of $ 55,181,315 54,093,010 · a working capital deficiency of $ 6,692,600 7,033,031 · cash used in operations of $ 529,178 81,529 Losses have principally occurred as a result of the substantial resources required for product research and development, establishment and upgrading of our manufacturing facility and equipment, and for certification, government approval and marketing of the Company’s products; including the general and administrative expenses associated with the organization. While we have generated relatively little revenue to date, revenue from sales of product began to increase during the first half of 2023 (including the quarter ended June 30, 2023), and we continue to receive inquiries and solicit orders from a range of customers for our products, indicating what we believe is a significant level of market interest for BasaFlex™ and BasaMix ™ products. We also spent time and resources during the first half of 2023 in introducing our products to, and receiving approvals and certifications from, various county and local government agencies to have our products used in such agencies’ construction projects. We have historically satisfied our working capital requirements through the sale of restricted Common Stock of the Company, $ 0.001 These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. At June 30, 2023, the Company had cash of $ 31,919 30,340

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (A) Use of Estimates in Financial Statements The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Stock-based compensation and stock awards related to convertible debt instruments are recognized based on the fair value of the awards granted. The fair value of each award or conversion feature is typically estimated on the grant date using the Black-Scholes pricing model. The Black-Scholes pricing model requires the input of highly subjective assumptions, including the fair value of the underlying Common Stock, the expected term of the option, the expected volatility of the price of our Common Stock, risk-free interest rates and the expected dividend yield of our Common Stock. The assumptions used to determine the fair value of the stock awards represent management’s best estimates. These estimates involve inherent uncertainties and the application of management’s judgment. (B) Principles of Consolidation The condensed consolidated financial statements include the accounts of Basanite, Inc. and its wholly owned subsidiaries, Basanite Industries, LLC and Basalt America, LLC. All intercompany balances have been eliminated in consolidation. The Company’s operations are conducted primarily through Basanite Industries, LLC. Basalt America, LLC is currently inactive. (C) Cash The Company considers all highly liquid temporary cash instruments with an original maturity of three months or less to be cash equivalents. The Company places its cash, cash equivalents and restricted cash on deposit with financial institutions in the United States, which are insured by the Federal Deposit Insurance Company “(“FDIC”) up to $ 250,000 (D) Inventories The Company’s inventories consist of raw materials, work in process and finished goods, both purchased and manufactured. Inventories are stated at lower of cost or net realizable value. Cost is determined on a first-in, first-out basis. Raw materials inventory consists of basalt fiber and other necessary elements to produce BasaFlex™ rebar and our other products. On a quarterly basis, the Company analyzes its inventory levels and records allowances for inventory that has become obsolete and inventory that has a cost basis in excess of the expected net realizable value. The Company’s inventory at June 30, 2023 and December 31, 2022 was comprised zero — Schedule of inventories June 30, December 31, 2023 2022 Finished Good $ — $ — Work in process — — Raw material — — Total Inventory $ — $ — (E) Fixed assets Fixed assets consist of the following: Schedule of fixed assets June 30, December 31, 2023 2022 (Unaudited) Computer equipment $ 203,193 $ 203,193 Machinery 728,245 728,245 931,438 931,438 Accumulated depreciation (465,243 ) (401,162 ) $ 466,195 $ 530,238 Depreciation expense for the three and six months ended June 30, 2023, was $ 31,979 64,043 33,493 66,751 (F) Deposits and other current assets The Company’s deposits and other current assets consist of the deposits made on equipment, security deposits, utility deposits and other receivables. The deposits are reclassified as part of the fixed asset cost when received and placed into service. (G) Loss Per Share The basic loss per share is calculated by dividing the Company’s net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Company’s net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. The following are potentially dilutive shares not included in the loss per share computation: Schedule of dilutive shares not included in the loss per share computation June 30, December 31, 2023 2022 (Unaudited) Options 1,477,778 1,477,778 Warrants 135,435,757 139,555,757 Convertible securities 8,016,068 8,016,068 Total 144,929,603 149,949,603 (H) Stock-Based Compensation The Company recognizes compensation costs to employees under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718, Compensation – Stock Compensation. Under FASB ASC Topic 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the grant. (I) Revenue Recognition We recognize revenue when control of the promised goods or services is transferred to the Company’s customers in an amount that reflects the consideration we expected to be entitled to in exchange for those goods or services. The timing of revenue recognition largely is dependent on shipping terms. Revenue is recorded at the time of shipment for terms designated free on board (“FOB”) shipping point. For sales transactions designated FOB destination, revenue is recorded when the product is delivered to the customer’s delivery site. All revenues recognized are net of trade allowances, cash discounts, and sales returns. Trade allowances are based on the estimated obligations. Adjustments to earnings resulting from revisions to estimates on discounts and returns have been immaterial for each of the reported periods. Shipping and handling amounts billed to a customer as part of a sales transaction are included in revenues, and the related costs are included in cost of goods sold. Shipping and handling are treated as fulfillment activities, rather than promised services, and therefore are not considered separate performance obligations. During the six three and six months ended June 30, 2022, and 2021, the Company incurred shipping and handling costs in the amount of $ 16,537 0

OPERATING LEASE

OPERATING LEASE	6 Months Ended
	Jun. 30, 2023
Operating Lease
OPERATING LEASE	NOTE 3 – OPERATING LEASE On January 18, 2019, the Company entered into an agreement to lease approximately 25,470 square feet of office and manufacturing space in Pompano Beach, Florida through March 2024. On March 25, 2019, the Company entered into an amendment to the agreement to increase the square footage of leased premises to 36,900 square feet, increasing the Company’s base rent obligation to be approximately $ 33,825 On December 31, 2022 the Company vacated the lease, as of this filing the Company has not entered into a new commercial lease for a manufacturing facility. The Company is actively engaged in a nation-wide search to secure a manufacturing facility. For the three months ended June 30, 2023 and 2022, the Company expensed $ 0 107,116 For the six months ended June 30, 2022, and 2021, the Company expensed $ 0 220,863

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 4 – NOTES PAYABLE Notes payable totaled $ 295,000 304,243 On June 30, 2023 the Company entered financing arrangements to finance the insurance premiums for its liability coverage. The financings have an interest rate of 9.40 6,075 3,245 On April 2, 2021, the Company issued a promissory note with an investor in exchange for $ 200,000 18 2,000,000 0.20 5 On April 9, 2021, the Company issued a promissory note with an investor in exchange for $ 50,000 18 500,000 0.20 5 On April 16, 2021, the Company issued a promissory note with an investor in exchange for $ 25,000 18 250,000 0.25 5 On April 16, 2021, the Company issued a promissory note with an investor in exchange for $ 20,000 18 200,000 0.25 5 During the three and six months ended June 30, 2023, the Company made principal payments in the amount of $ 0 Interest expense for the Company’s notes payable for the three and six months ended June 30, 2023 was $ 17,051 34,102 16,493 32,300 Accrued interest for the Company’s notes payable on June 30, 2022 and December 31, 2021 was $ 130,055 99,886

NOTES PAYABLE _ RELATED PARTY

NOTES PAYABLE – RELATED PARTY	6 Months Ended
	Jun. 30, 2023
Notes Payable Related Party
NOTES PAYABLE – RELATED PARTY	NOTE 5 – NOTES PAYABLE – RELATED PARTY Notes payable - related party totaled $ 1,165,000 605,000 On April 2, 2021, the Company issued a promissory note with Paul Sallarulo, a member of our Board of Directors, in exchange for $ 150,000 18 October 2, 2022 1,500,000 0.20 5 On April 2, 2021, the Company issued a promissory note with Michael V. Barbera, our Chairman of the Board, in exchange for $ 150,000 18 October 2, 2022 1,500,000 0.20 5 On July 15, 2022 the Company issued a promissory note to a board member in exchange for $ 20,000 20 July 15, 2023 On August 31, 2022 the Company issued a promissory note to a board member in exchange for $ 37,000 10 August 31, 2023 On August 22, 2022 the Company issued a promissory note to a board member in exchange for $ 20,000 10 August 22, 2023 On August 22, 2022 the Company issued a promissory note to a board member in exchange for $ 5,000 10 August 22, 2023 On August 29, 2022 the Company issued a promissory note to a board member in exchange for $ 25,000 10 August 29, 2023 On August 29, 2022 the Company issued a promissory note to a board member in exchange for $ 10,000 10 August 29, 2023 On August 31, 2022 the Company issued a promissory note to a board member in exchange for $ 13,000 10 August 31, 2023 On September 9, 2022 the Company issued a promissory note to a board member in exchange for $ 60,000 10 August 16, 2023 On September 9, 2022 the Company issued a promissory note to a board member in exchange for $ 10,000 10 September 9, 2023 On September 9, 2022 the Company issued a promissory note to a strategic partner in exchange for $ 10,000 10 September 9, 2023 On September 9, 2022 the Company issued a promissory note to a strategic partner in exchange for $ 15,000 10 September 9, 2023 On September 9, 2022 the Company issued a promissory note to an investor and advisor to the board, in exchange for $ 15,000 10 September 9, 2023 On September 22, 2022 the Company issued a promissory note to a board member in exchange for $ 42,500 10 March 22, 2023 On September 22, 2022 the Company issued a promissory note to an investor and advisor to the board in exchange for $ 42,500 10 March 22, 2023 On February 14, 2023 the Company issued a promissory note to a board member in exchange for $ 10,000 20 February 14, 2024 On February 24, 2023 the Company issued a promissory note to a board member in exchange for $ 50,000 20 February 24, 2024 On April 12, 2023 the Company issued a promissory note to a board member in exchange for $ 150,000 20 April 11, 2024 On April 28, 2023 the Company issued a promissory note to a board member in exchange for $ 100,000 20 April 27, 2024 On May 12, 2023 the Company issued a promissory note to a board member in exchange for $ 100,000 20 May 11, 2024 On June 5, 2023 the Company issued a promissory note to a board member in exchange for $ 100,000 20 June 4, 2023 Interest expense for the Company’s notes payable – related party for the three and six months ended June 30, 2022 was $ 16,365 32,015 0 13,335 Accrued interest for the Company’s notes payable - related party on June 30, 2023, and December 31, 2022, was $ 181,259 116,300

NOTES PAYABLE _ CONVERTIBLE _ R

NOTES PAYABLE – CONVERTIBLE – RELATED PARTY	6 Months Ended
	Jun. 30, 2023
Notes Payable Convertible Related Party
NOTES PAYABLE – CONVERTIBLE – RELATED PARTY	NOTE 6 – NOTES PAYABLE – CONVERTIBLE – RELATED PARTY Convertible Notes payable – related party totaled $ 2,144,357 On August 3, 2020, the Company issued a secured convertible promissory note to certain investors in exchange for $ 1,000,000 20 750,000 On February 12, 2021, the Company exchanged the original debt for a newly issued amended and restated secured convertible promissory note with a new principal balance of $ 1,610,005 20 1,000,000 110,005 5 15,000,000 0.20 3,686,123 On May 12, 2021, the Company extended the debt for a newly issued amended and restated secured convertible promissory note with a new principal balance of $ 1,689,746 20 1,610,005 79,742 5 7,500,000 0.35 1,874,705 February 12, 2022 On September 15, 2022, the Company extended the debt for a newly issued amended and restated secured convertible promissory note with a new principal balance of $ 2,027,695 20 1,689,746 454,612 Interest expense for the Company’s convertible notes payable – related parties for the three and six months ended June 30, 2023, was $ 107,218 344,902 102,398 199,843 Accrued interest for the Company’s convertible notes payable – related parties on June 30, 2022, and December 31, 2023, was $ 344,303 129,867

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company is the obligor under certain promissory notes that are currently past due (although formal events of default have not been declared). See notes 4 and 5. The Company is presently in default of its obligations under the terms of the Company’s private placement which closed in August 2021 to file a registration statement for an underwritten public offering and concurrently listing on a national stock exchange. As a result, the Company is required to pay liquidated damages in the amount of $ 53,345 480,000 On August 17, 2021, the Company conducted the closing of a private placement offering to accredited investors of the Company’s units at a price of $0.275 per unit, with each unit consisting of: (i) one share of the Company’s common stock, (ii) a five-year, immediately exercisable warrant (“Warrant A”) to purchase one share of common stock at an exercise price of $0.33 per share and (iii) an additional five-year, immediately exercisable warrant to purchase one share of common stock at an exercise price of $0.33 per share (“Warrant B”). The Warrant A and Warrant B are identical, except that the Warrant B has a call feature in favor of the Company, as defined in the offering agreements. In connection with the closing, the Company entered into definitive securities purchase agreements with 19 accredited investors and issued an aggregate of 19,398,144 shares of common stock, Warrant A to purchase up to an aggregate of 19,398,144 shares of common stock, and Warrant B to purchase up to an aggregate of 19,398,144 shares of Common Stock (for an aggregate of 38,796,288 Warrant Shares), for aggregate gross proceeds to the Company of approximately $5,334,490. Costs of the offering in the amount of $611,603 were charge to additional paid in capital. As of December 31, 2022 the Company also accrued the amount of $386,759 as liquidated damages due to the investors in the Company’s August 2021 private placement, such liquidated damages being related to the Company’s failure to timely file a registration statement on Form S-1 for an underwritten public offering and concurrent listing of the Common Stock on a national exchange.

STOCKHOLDERS_ DEFICIT

STOCKHOLDERS’ DEFICIT	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	NOTE 8 – STOCKHOLDERS’ DEFICIT During the 3 months ended June 30, 2023, the Company issued 3,939,394 0.33 1,300,000

OPTIONS AND WARRANTS

OPTIONS AND WARRANTS	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
OPTIONS AND WARRANTS	NOTE 9 – OPTIONS AND WARRANTS Stock Options: The following table provides the activity in options for the respective periods: Schedule of Option Activity Total Options Weighted Average Aggregate Intrinsic Outstanding Exercise Price Value Balance at January 1, 2022 4,227,778 $ 0.33 $ — Issued (20,000,000 ) 0.35 — Cancelled / Expired (750,000 ) 0.25 — Balance at December 31, 2022 1,477,778 $ 0.33 $ 6,798 Exercised — 0.27 — Cancelled / Expired — 0.27 — Balance at June 30, 2023 1,477,778 $ 0.27 $ — Cancelled / Expired — 0.27 — Balance at June 30, 2023 1,477,778 $ 0.27 $ — Options exercisable and outstanding at June 30, 2023 are as follows: Schedule of Options and Warrants Exercisable and Outstanding Range of Weighted Average Weighted Contractual Number Remaining Average Aggregate Exercise Prices Outstanding Life (Years) Exercise Price Intrinsic Value $ 0.01 0.50 1,727,778 2.831 $ 0.27 — Stock Warrants The following table provides the activity in warrants for the respective periods: Schedule of Warrants Activity Weighted Average Aggregate Total Warrants Exercise Price Intrinsic Value Balance at January 1, 2022 138,191,666 $ 0.29 $ 2,973,660 Granted 7,242,424 0.29 — Exercised (1,333,333 ) 0.29 — Cancelled 3,545,000 0.29 — Balance at December 31, 2022 139,555,757 $ 0.29 $ 3,824,750 Granted — 0.29 — Balance at June 30, 2023 139,555,757 $ 0.29 $ 1,147,100 Granted — 0.29 — Expired - cancelled (3,220,000 ) 0.29 — Balance at June 30, 2023 132,215,757 0.29 $ 150,667 Warrants exercisable and outstanding at June 30, 2023 are as follows: Schedule of Warrants Exercisable and Outstanding Weighted Average Remaining Range of Number Contractual Weighted Average Aggregate Exercise Prices Outstanding Life (Years) Exercise Price Intrinsic Value $ 0.01 0.50 132,142,714 3.53 $ 0.29 $ 150,667 $ 0.51 1.00 73,043 1.00 $ 0.60 — 141,889,090 $ 150,667

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS Thomas Richmond Services Agreement On April 6, 2023, the Board of Directors appointed Mr. Richmond and entered into an Employment Services Agreement to serve as the Acting Interim Chief Executive Officer of the Company. The terms of Richmond’s employment with the Company and his job description are provided for in an Employment Agreement, dated April 6, 2023, between the Company and Richmond. On July 31, 2023, the Board of Directors extended Mr. Richmond’s Engagement through December 31, 2023 at a rate of $33,333 per month. .Mr.Richmond received Options to purchase 4 million shares exercisable at $.045 per share over a period of 5 years. Michael Giorgio Services Agreement On April 6, 2023, the Board of Directors appointed Mr. Giorgio and entered into an Employment Services Agreement to serve as the Chief Growth Officer of the Company. The terms of Giorgio’s employment with the Company and his job description are provided for in an Employment Agreement, dated April 6, 2023, between the Company and Giorgio. On July 15 th Frederick Berndt Services Agreement On July 19 th Aaron Capital Inc Services Agreement On July 28 th

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Use of Estimates in Financial Statements	(A) Use of Estimates in Financial Statements The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Stock-based compensation and stock awards related to convertible debt instruments are recognized based on the fair value of the awards granted. The fair value of each award or conversion feature is typically estimated on the grant date using the Black-Scholes pricing model. The Black-Scholes pricing model requires the input of highly subjective assumptions, including the fair value of the underlying Common Stock, the expected term of the option, the expected volatility of the price of our Common Stock, risk-free interest rates and the expected dividend yield of our Common Stock. The assumptions used to determine the fair value of the stock awards represent management’s best estimates. These estimates involve inherent uncertainties and the application of management’s judgment.
Principles of Consolidation	(B) Principles of Consolidation The condensed consolidated financial statements include the accounts of Basanite, Inc. and its wholly owned subsidiaries, Basanite Industries, LLC and Basalt America, LLC. All intercompany balances have been eliminated in consolidation. The Company’s operations are conducted primarily through Basanite Industries, LLC. Basalt America, LLC is currently inactive.
Cash	(C) Cash The Company considers all highly liquid temporary cash instruments with an original maturity of three months or less to be cash equivalents. The Company places its cash, cash equivalents and restricted cash on deposit with financial institutions in the United States, which are insured by the Federal Deposit Insurance Company “(“FDIC”) up to $ 250,000
Inventories	(D) Inventories The Company’s inventories consist of raw materials, work in process and finished goods, both purchased and manufactured. Inventories are stated at lower of cost or net realizable value. Cost is determined on a first-in, first-out basis. Raw materials inventory consists of basalt fiber and other necessary elements to produce BasaFlex™ rebar and our other products. On a quarterly basis, the Company analyzes its inventory levels and records allowances for inventory that has become obsolete and inventory that has a cost basis in excess of the expected net realizable value. The Company’s inventory at June 30, 2023 and December 31, 2022 was comprised zero — Schedule of inventories June 30, December 31, 2023 2022 Finished Good $ — $ — Work in process — — Raw material — — Total Inventory $ — $ —
Fixed assets	(E) Fixed assets Fixed assets consist of the following: Schedule of fixed assets June 30, December 31, 2023 2022 (Unaudited) Computer equipment $ 203,193 $ 203,193 Machinery 728,245 728,245 931,438 931,438 Accumulated depreciation (465,243 ) (401,162 ) $ 466,195 $ 530,238 Depreciation expense for the three and six months ended June 30, 2023, was $ 31,979 64,043 33,493 66,751
Deposits and other current assets	(F) Deposits and other current assets The Company’s deposits and other current assets consist of the deposits made on equipment, security deposits, utility deposits and other receivables. The deposits are reclassified as part of the fixed asset cost when received and placed into service.
Loss Per Share	(G) Loss Per Share The basic loss per share is calculated by dividing the Company’s net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Company’s net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. The following are potentially dilutive shares not included in the loss per share computation: Schedule of dilutive shares not included in the loss per share computation June 30, December 31, 2023 2022 (Unaudited) Options 1,477,778 1,477,778 Warrants 135,435,757 139,555,757 Convertible securities 8,016,068 8,016,068 Total 144,929,603 149,949,603
Stock-Based Compensation	(H) Stock-Based Compensation The Company recognizes compensation costs to employees under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718, Compensation – Stock Compensation. Under FASB ASC Topic 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the grant.
Revenue Recognition	(I) Revenue Recognition We recognize revenue when control of the promised goods or services is transferred to the Company’s customers in an amount that reflects the consideration we expected to be entitled to in exchange for those goods or services. The timing of revenue recognition largely is dependent on shipping terms. Revenue is recorded at the time of shipment for terms designated free on board (“FOB”) shipping point. For sales transactions designated FOB destination, revenue is recorded when the product is delivered to the customer’s delivery site. All revenues recognized are net of trade allowances, cash discounts, and sales returns. Trade allowances are based on the estimated obligations. Adjustments to earnings resulting from revisions to estimates on discounts and returns have been immaterial for each of the reported periods. Shipping and handling amounts billed to a customer as part of a sales transaction are included in revenues, and the related costs are included in cost of goods sold. Shipping and handling are treated as fulfillment activities, rather than promised services, and therefore are not considered separate performance obligations. During the six three and six months ended June 30, 2022, and 2021, the Company incurred shipping and handling costs in the amount of $ 16,537 0

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of inventories	Schedule of inventories June 30, December 31, 2023 2022 Finished Good $ — $ — Work in process — — Raw material — — Total Inventory $ — $ —
Schedule of fixed assets	Schedule of fixed assets June 30, December 31, 2023 2022 (Unaudited) Computer equipment $ 203,193 $ 203,193 Machinery 728,245 728,245 931,438 931,438 Accumulated depreciation (465,243 ) (401,162 ) $ 466,195 $ 530,238
Schedule of dilutive shares not included in the loss per share computation	Schedule of dilutive shares not included in the loss per share computation June 30, December 31, 2023 2022 (Unaudited) Options 1,477,778 1,477,778 Warrants 135,435,757 139,555,757 Convertible securities 8,016,068 8,016,068 Total 144,929,603 149,949,603

OPTIONS AND WARRANTS (Tables)

OPTIONS AND WARRANTS (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Option Activity	Schedule of Option Activity Total Options Weighted Average Aggregate Intrinsic Outstanding Exercise Price Value Balance at January 1, 2022 4,227,778 $ 0.33 $ — Issued (20,000,000 ) 0.35 — Cancelled / Expired (750,000 ) 0.25 — Balance at December 31, 2022 1,477,778 $ 0.33 $ 6,798 Exercised — 0.27 — Cancelled / Expired — 0.27 — Balance at June 30, 2023 1,477,778 $ 0.27 $ — Cancelled / Expired — 0.27 — Balance at June 30, 2023 1,477,778 $ 0.27 $ —
Schedule of Options and Warrants Exercisable and Outstanding	Schedule of Options and Warrants Exercisable and Outstanding Range of Weighted Average Weighted Contractual Number Remaining Average Aggregate Exercise Prices Outstanding Life (Years) Exercise Price Intrinsic Value $ 0.01 0.50 1,727,778 2.831 $ 0.27 —
Schedule of Warrants Activity	Schedule of Warrants Activity Weighted Average Aggregate Total Warrants Exercise Price Intrinsic Value Balance at January 1, 2022 138,191,666 $ 0.29 $ 2,973,660 Granted 7,242,424 0.29 — Exercised (1,333,333 ) 0.29 — Cancelled 3,545,000 0.29 — Balance at December 31, 2022 139,555,757 $ 0.29 $ 3,824,750 Granted — 0.29 — Balance at June 30, 2023 139,555,757 $ 0.29 $ 1,147,100 Granted — 0.29 — Expired - cancelled (3,220,000 ) 0.29 — Balance at June 30, 2023 132,215,757 0.29 $ 150,667
Schedule of Warrants Exercisable and Outstanding	Schedule of Warrants Exercisable and Outstanding Weighted Average Remaining Range of Number Contractual Weighted Average Aggregate Exercise Prices Outstanding Life (Years) Exercise Price Intrinsic Value $ 0.01 0.50 132,142,714 3.53 $ 0.29 $ 150,667 $ 0.51 1.00 73,043 1.00 $ 0.60 — 141,889,090 $ 150,667

ORGANIZATION, NATURE OF BUSIN_2

ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 55,181,315		$ 54,093,010
Working capital deficiency	6,692,600		$ 7,033,031
Cash used in opeartions	$ 529,178	$ 81,529
Common Stock par value	$ 0.001		$ 0.001
Cash	$ 31,919		$ 30,340

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Inventory) (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Finished Good
Work in process
Raw material
Total Inventory

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Fixed assets) (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total fixed assets	$ 931,438	$ 931,438
Accumulated depreciation	(465,243)	(401,162)
Total fixed assets, net	466,195	530,238
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total fixed assets	203,193	203,193
Machinery [Member]
Property, Plant and Equipment [Line Items]
Total fixed assets	$ 728,245	$ 728,245

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Dilutive Shares Not Included in Loss Per Share Computation) (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	144,929,603	149,949,603
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	1,477,778	1,477,778
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	135,435,757	139,555,757
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	8,016,068	8,016,068

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounting Policies [Abstract]
Cash insured amount	$ 250,000		$ 250,000
Inventory
Depreciation expense	$ 31,979	$ 33,493	64,043	$ 66,751
Shipping and handling costs			$ 16,537	$ 0

OPERATING LEASE (Details Narrat

OPERATING LEASE (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
	Mar. 25, 2019	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating Lease
Base rent obligation	$ 33,825
Operating lease rent expense		$ 0	$ 107,116	$ 0	$ 220,863

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 09, 2021	Apr. 02, 2021	Apr. 16, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 05, 2023	May 12, 2023	Apr. 28, 2023	Apr. 12, 2023	Feb. 24, 2023	Feb. 14, 2023	Dec. 31, 2022	Sep. 22, 2022	Sep. 15, 2022	Sep. 09, 2022	Aug. 31, 2022	Aug. 29, 2022	Aug. 22, 2022	Jul. 15, 2022
Offsetting Assets [Line Items]
Notes payable				$ 295,000		$ 295,000								$ 304,243
Interest rate						9.40%
Debt balance				6,075		$ 6,075								3,245
Debt principal amount																$ 2,027,695
Interest rate																20%
Principal payments in the amount				0		0
Interest expense				$ 17,051	$ 16,493	$ 34,102	$ 32,300
Accrued interest					$ 130,055		$ 130,055							$ 99,886
Promissory Note [Member]
Offsetting Assets [Line Items]
Debt principal amount	$ 50,000	$ 200,000	$ 25,000					$ 100,000	$ 100,000	$ 100,000	$ 150,000	$ 50,000	$ 10,000		$ 42,500		$ 60,000	$ 37,000	$ 25,000	$ 20,000	$ 20,000
Interest rate	18%	18%	18%					20%	20%	20%	20%	20%	20%		10%		10%	10%	10%	10%	20%
Common stock warrants issued	500,000	2,000,000	250,000
Warrants exercise price	$ 0.20	$ 0.20	$ 0.25
Debt Instrument, Term	5 years	5 years	5 years
Promissory Note 1 [Member]
Offsetting Assets [Line Items]
Debt principal amount			$ 20,000												$ 42,500		$ 10,000	$ 13,000	$ 10,000	$ 5,000
Interest rate			18%												10%		10%	10%	10%	10%
Common stock warrants issued			200,000
Warrants exercise price			$ 0.25
Debt Instrument, Term			5 years

NOTES PAYABLE _ RELATED PARTY (

NOTES PAYABLE – RELATED PARTY (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

6 Months Ended

Jun. 05, 2023

May 12, 2023

Apr. 12, 2023

Sep. 09, 2022

Jul. 15, 2022

Apr. 28, 2023

Feb. 24, 2023

Feb. 14, 2023

Sep. 22, 2022

Aug. 31, 2022

Aug. 29, 2022

Aug. 22, 2022

Apr. 02, 2021

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2023

Dec. 31, 2022

Sep. 15, 2022

Apr. 16, 2021

Apr. 09, 2021

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Notes payable - related party

$ 1,165,000

$ 605,000

Face amount

$ 2,027,695

Interest rate

20%

Interest expense

$ 16,365

$ 0

$ 32,015

$ 13,335

Accrued interest

$ 181,259

$ 116,300

Promissory Note [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Face amount

$ 100,000

$ 100,000

$ 150,000

$ 60,000

$ 20,000

$ 100,000

$ 50,000

$ 10,000

$ 42,500

$ 37,000

$ 25,000

$ 20,000

$ 200,000

$ 25,000

$ 50,000

Interest rate

20%

20%

20%

10%

20%

20%

20%

20%

10%

10%

10%

10%

18%

18%

18%

Maturity date

Jun. 04, 2023

May 11, 2024

Apr. 11, 2024

Aug. 16, 2023

Jul. 15, 2023

Apr. 27, 2024

Feb. 24, 2024

Feb. 14, 2024

Mar. 22, 2023

Aug. 31, 2023

Aug. 29, 2023

Aug. 22, 2023

Promissory Note 1 [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Face amount

$ 10,000

$ 42,500

$ 13,000

$ 10,000

$ 5,000

$ 20,000

Interest rate

10%

10%

10%

10%

10%

18%

Maturity date

Sep. 09, 2023

Mar. 22, 2023

Aug. 31, 2023

Aug. 29, 2023

Aug. 22, 2023

Promissory Note 2 [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Face amount

$ 10,000

Interest rate

10%

Maturity date

Sep. 09, 2023

Promissory Note 3 [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Face amount

$ 15,000

Interest rate

10%

Maturity date

Sep. 09, 2023

Promissory Note 4 [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Face amount

$ 15,000

Interest rate

10%

Maturity date

Sep. 09, 2023

Paul Sallarulo [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Issuance of shares

1,500,000

Exercise price

$ 0.20

Maturity term

5 years

Paul Sallarulo [Member] | Promissory Note [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Face amount

$ 150,000

Interest rate

18%

Maturity date

Oct. 02, 2022

Michael V Barbera [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Issuance of shares

1,500,000

Exercise price

$ 0.20

Maturity term

5 years

Michael V Barbera [Member] | Promissory Note [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Face amount

$ 150,000

Interest rate

18%

Maturity date

Oct. 02, 2022

NOTES PAYABLE _ CONVERTIBLE __2

NOTES PAYABLE – CONVERTIBLE – RELATED PARTY (Details Narrative) - USD ($)				1 Months Ended	3 Months Ended		6 Months Ended
	May 12, 2021	Feb. 12, 2021	Aug. 03, 2020	Sep. 15, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Short-Term Debt [Line Items]
Notes payable - convertible - related party						$ 2,144,357		$ 2,144,357	$ 2,144,357
Interest rate				20%
Debt principal amount				$ 2,027,695
Repayments of Convertible Debt				1,689,746
Accrued interest paid				$ 454,612
Interest expense					$ 17,051	16,493	$ 34,102	32,300
Convertible Note Payable [Member]
Short-Term Debt [Line Items]
Interest expense					107,218	$ 102,398	344,902	$ 199,843
Secured Convertible Promissory Note Agreements With Related Party [Member]
Short-Term Debt [Line Items]
Amount of debt conversion			$ 1,000,000
Interest rate			20%
Secured Convertible Promissory Note Agreements With Related Party [Member] | Louis Demaio As Trustee [Member]
Short-Term Debt [Line Items]
Debt principal amount			$ 750,000
Convertible Promissory Note Investors [Member]
Short-Term Debt [Line Items]
Interest rate	20%	20%
Debt principal amount	$ 1,689,746	$ 1,610,005
Repayments of Convertible Debt	1,610,005	1,000,000
Accrued interest paid	$ 79,742	$ 110,005
Warrants term	5 years	5 years
Issued to the noteholders	7,500,000	15,000,000
Exercise price	$ 0.35	$ 0.20
Loss on extinguishment		$ 3,686,123
Gain on extinguishment of debt	$ 1,874,705
Maturity date	Feb. 12, 2022
Convertible Notes Payable Related Party [Member]
Short-Term Debt [Line Items]
Accrued interest					$ 344,303		$ 344,303		$ 129,867

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Liquidated damages	$ 480,000	$ 53,345
Definitive securities purchase agreements, description	the Company entered into definitive securities purchase agreements with 19 accredited investors and issued an aggregate of 19,398,144 shares of common stock, Warrant A to purchase up to an aggregate of 19,398,144 shares of common stock, and Warrant B to purchase up to an aggregate of 19,398,144 shares of Common Stock (for an aggregate of 38,796,288 Warrant Shares), for aggregate gross proceeds to the Company of approximately $5,334,490. Costs of the offering in the amount of $611,603 were charge to additional paid in capital. As of December 31, 2022 the Company also accrued the amount of $386,759 as liquidated damages due to the investors in the Company’s August 2021 private placement, such liquidated damages being related to the Company’s failure to timely file a registration statement on Form S-1 for an underwritten public offering and concurrent listing of the Common Stock on a national exchange.

STOCKHOLDERS_ DEFICIT (Details

STOCKHOLDERS’ DEFICIT (Details Narrative)	3 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Equity [Abstract]
Issuance of stock, shares | shares	3,939,394
Stock price per share | $ / shares	$ 0.33
Issuance of stock, value | $	$ 1,300,000

OPTIONS AND WARRANTS (Details)

OPTIONS AND WARRANTS (Details) - Equity Option [Member] - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Offsetting Assets [Line Items]
Options Outstanding, beginning	1,477,778	1,477,778	4,227,778
Weighted Average Exercise Price, beginning	$ 0.27	$ 0.33	$ 0.33
Aggregate intrinsic value, beginning		$ 6,798
Issued			(20,000,000)
Weighted Average Exercise Price, issued			$ 0.35
Cancelled / Expired			(750,000)
Weighted Average Exercise Price, Cancelled	$ 0.27	$ 0.27	$ 0.25
Exercised
Weighted Average Exercise Price, Exercised		$ 0.27
Options Outstanding, ending	1,477,778	1,477,778	1,477,778
Weighted Average Exercise Price, ending	$ 0.27	$ 0.27	$ 0.33
Aggregate intrinsic value, ending			$ 6,798

OPTIONS AND WARRANTS (Details 1

OPTIONS AND WARRANTS (Details 1) - Equity Option [Member]	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Price Range One [Member]
Offsetting Assets [Line Items]
Range of Exercise Prices, Lower	$ 0.01
Range of Exercise Prices, Upper	$ 0.50
Exercise Price Range One [Member]
Offsetting Assets [Line Items]
Number Outstanding | shares	1,727,778
Weighted Average Remaining Contractual Life (Years)	2 years 9 months 29 days
Weighted Average Exercise Price	$ 0.27
Average Intrinsic Value | $

OPTIONS AND WARRANTS (Details 2

OPTIONS AND WARRANTS (Details 2) - Warrant [Member] - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options Outstanding, beginning	139,555,757	139,555,757	138,191,666
Weighted Average Exercise Price, beginning	$ 0.29	$ 0.29	$ 0.29
Aggregate intrinsic value, beginning	$ 1,147,100	$ 3,824,750	$ 2,973,660
Warrants granted			7,242,424
Weighted Average Exercise Price, Granted	$ 0.29	$ 0.29	$ 0.29
Warrant exercised			(1,333,333)
Weighted Average Exercise Price, Exercised			$ 0.29
Cancelled			3,545,000
Weighted average exercise price, cancelled	$ 0.29		$ 0.29
Cancelled	(3,220,000)
Options Outstanding, ending	132,215,757	139,555,757	139,555,757
Weighted Average Exercise Price, ending	$ 0.29	$ 0.29	$ 0.29
Aggregate intrinsic value, ending	$ 150,667	$ 1,147,100	$ 3,824,750

OPTIONS AND WARRANTS (Details 3

OPTIONS AND WARRANTS (Details 3) - Warrant [Member]	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Related Party Transaction [Line Items]
Number Outstanding | shares	141,889,090
Aggregate intrinsic value | $	$ 150,667
Exercise Price Range One [Member]
Related Party Transaction [Line Items]
Range of Exercise Prices, Lower	$ 0.01
Range of Exercise Prices, Upper	$ 0.50
Number Outstanding | shares	132,142,714
Weighted Average Remaining Contractual Life (Years)	3 years 6 months 10 days
Weighted Average Exercise Price	$ 0.29
Aggregate intrinsic value | $	$ 150,667
Exercise Price Range Two [Member]
Related Party Transaction [Line Items]
Range of Exercise Prices, Lower	$ 0.51
Range of Exercise Prices, Upper	$ 1
Number Outstanding | shares	73,043
Weighted Average Remaining Contractual Life (Years)	1 year
Weighted Average Exercise Price	$ 0.60
Aggregate intrinsic value | $