Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2024 | May 20, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2024 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2024 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-54530 | |
Entity Registrant Name | GBT TECHNOLOGIES INC. | |
Entity Central Index Key | 0001471781 | |
Entity Tax Identification Number | 27-0603137 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 8557 N West Knoll Dr. | |
Entity Address, City or Town | West Hollywood | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 90069 | |
City Area Code | 888 | |
Local Phone Number | 685-7336 | |
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 | 16,813,229,180 |
UNAUDITED CONDENSED CONSOLIDATE
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Current Assets: | ||
Cash | $ 173 | $ 529 |
Note receivable | 46,250 | 46,250 |
Marketable securities | 27,377 | 31,206 |
Total current assets | 73,800 | 77,985 |
Total assets | 73,800 | 77,985 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 5,305,771 | 5,372,846 |
Accounts Payable and accrued expenses - related party | 1,919,746 | 1,767,710 |
Accrued settlement | 4,090,057 | 4,090,057 |
Convertible notes payable, current, net of discount of $12,728 and $43,739 | 5,310,348 | 5,665,017 |
Convertible notes payable, related party, net of discount of $0 and $0 | 491,395 | 661,395 |
Notes payable, current, net of original issue discount of $473 and $2,265 | 54,281 | 46,532 |
Notes payable, related party | 140,000 | 140,000 |
Derivative liability | 6,150,130 | 14,116,062 |
Total current liabilities | 23,461,728 | 31,859,619 |
Non-Current Liabilities: | ||
Note payable, noncurrent, net of discount of $0 and $0 | 311,746 | 328,748 |
Total noncurrent liabilities | 311,746 | 328,748 |
Total liabilities | 23,773,474 | 32,188,367 |
Stockholders’ Deficit: | ||
Common stock, $0.00001 par value; 30,000,000,000 shares authorized; 16,813,229,180 and 10,253,695,062 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 168,133 | 102,538 |
Treasury stock, at cost; 21 shares at March 31, 2024 and December 31, 2023, respectively | (11,059) | (11,059) |
Shares to be cancelled | (632,000) | (632,000) |
Stock loan receivable | (7,610,147) | (7,610,147) |
Additional paid in capital | 294,255,053 | 293,069,829 |
Accumulated deficit | (308,831,305) | (315,993,294) |
Total stockholders’ deficit | (22,975,126) | (31,074,133) |
Non-Controlling Interest | (1,038,349) | (1,036,249) |
Total stockholders’ deficit attributable to GBT Technologies, Inc. | (24,013,475) | (32,110,382) |
Total liabilities and stockholders’ deficit | 73,800 | 77,985 |
Series B Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock value | 0 | 0 |
Series C Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock value | 0 | 0 |
Series H Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock value | 0 | 0 |
Series I Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock value | $ 0 | $ 0 |
UNAUDITED CONDENSED CONSOLIDA_2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Convertible notes payable current, net of discount | $ 12,728 | $ 43,739 |
Convertible notes payable related party, net of discount | 0 | 0 |
Notes payable current, net of original issue discount | 473 | 2,265 |
Note payable noncurrent, net of discount | $ 0 | $ 0 |
Common stock, par value | $ 0.00001 | $ 0.00001 |
Common stock, shares authorized | 30,000,000,000 | 30,000,000,000 |
Common stock, shares issued | 16,813,229,180 | 10,253,695,062 |
Common stock, shares outstanding | 16,813,229,180 | 10,253,695,062 |
Treasury stock, shares | 21 | 21 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.00001 | $ 0.00001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 45,000 | 45,000 |
Preferred stock, shares outstanding | 45,000 | 45,000 |
Series C Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.00001 | $ 0.00001 |
Preferred stock, shares authorized | 10,000 | 10,000 |
Preferred stock, shares issued | 700 | 700 |
Preferred stock, shares outstanding | 700 | 700 |
Series H Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.00001 | $ 0.00001 |
Preferred stock, shares authorized | 40,000 | 40,000 |
Preferred stock, shares issued | 20,000 | 20,000 |
Preferred stock, shares outstanding | 20,000 | 20,000 |
Series I Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.00001 | $ 0.00001 |
Preferred stock, shares authorized | 1,000 | 1,000 |
Preferred stock, shares issued | 1,000 | 1,000 |
Preferred stock, shares outstanding | 1,000 | 1,000 |
CONSOLIDATED STATEMENT OF OPERA
CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Operating expenses: | ||
General and administrative expenses | $ 3,505 | $ 125,213 |
Marketing expenses | 45,120 | 54,898 |
Professional expenses | 129,000 | 286,022 |
Total operating expenses | 177,625 | 466,133 |
Loss from operations | (177,625) | (466,133) |
Other income (expense): | ||
Amortization of debt discount | (32,803) | (147,628) |
Change in fair value of derivative liability | 7,271,013 | (3,924,247) |
Interest expense and financing costs | 101,473 | (1,594,934) |
Gain on debt extinguishment | 0 | 315,297 |
Change in fair value of marketable securities | (2,169) | (8,547) |
Other income - related party licensing income | 0 | 193,628 |
Total other income (expense) | 7,337,514 | (5,166,431) |
Income (loss) before income taxes | 7,159,889 | (5,632,563) |
Income tax expense | 0 | 0 |
Income (loss) from continuing operations | 7,159,889 | (5,632,563) |
Discontinued operations: | ||
Gain/(Loss) from discontinued operations | 0 | 2,850 |
Net income (loss) | 7,159,889 | (5,629,713) |
Less: net (loss) income attributable to the noncontrolling interest | (2,100) | 44,617 |
Net income (loss) attributable to GTB Technologies Inc. | $ 7,161,989 | $ (5,674,330) |
Weighted average common shares outstanding: | ||
Basic | 15,151,113,291 | 2,381,753,489 |
Diluted | 69,406,539,967 | 25,705,601,964 |
Net loss per share (basic and diluted): | ||
Basic | $ 0 | $ 0 |
Diluted | $ 0 | $ 0 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) | Series B Preferred Stocks [Member] | Series C Preferred Stocks [Member] | Series H Preferred Stocks [Member] | Series I Preferred Stocks [Member] | Common Stock [Member] | Treasury Stock, Common [Member] | Share To Be Cancelled [Member] | Stock Loan Receivable [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Noncontrolling Interest [Member] | Total |
Beginning balance, value at Dec. 31, 2022 | $ 15,356 | $ (643,059) | $ (7,610,147) | $ 288,664,858 | $ (298,232,829) | $ (1,025,088) | $ (18,830,908) | |||||
Beginning balance, shares at Dec. 31, 2022 | 45,000 | 700 | 20,000 | 1,535,593,440 | 1,040 | |||||||
Common stock issued for conversions | $ 12,945 | 390,603 | 403,548 | |||||||||
Common stock issued for conversions, shares | 1,294,508,379 | |||||||||||
Fair value of derivative liability due to conversions | 316,223 | 316,223 | ||||||||||
Common stock issued for Service | $ 1,000 | 79,000 | 80,000 | |||||||||
Common stock issued for service, shares | 100,000,000 | |||||||||||
Net loss | (5,680,068) | 50,355 | (5,629,713) | |||||||||
Ending balance, value at Mar. 31, 2023 | $ 29,301 | $ (643,059) | (7,610,147) | 289,450,684 | (303,912,897) | (974,733) | (23,660,850) | |||||
Ending balance, shares at Mar. 31, 2023 | 45,000 | 700 | 20,000 | 2,930,101,819 | 1,040 | |||||||
Beginning balance, value at Dec. 31, 2023 | $ 102,538 | $ (11,059) | $ (632,000) | (7,610,147) | 293,069,829 | (315,993,294) | (1,036,249) | (32,110,382) | ||||
Beginning balance, shares at Dec. 31, 2023 | 45,000 | 700 | 20,000 | 1,000 | 10,253,695,062 | 8 | 1,032 | |||||
Common stock issued for conversions | $ 65,595 | 491,965 | 557,560 | |||||||||
Common stock issued for conversions, shares | 6,559,534,118 | |||||||||||
Fair value of derivative liability due to conversions | 694,919 | 694,919 | ||||||||||
Tokenize investment reclassification | (1,666) | |||||||||||
Net loss | 7,161,989 | (2,100) | 7,159,889 | |||||||||
Ending balance, value at Mar. 31, 2024 | $ 168,133 | $ (11,059) | $ (632,000) | $ (7,610,147) | $ 294,256,713 | $ (308,831,305) | $ (1,038,349) | $ (23,699,674) | ||||
Ending balance, shares at Mar. 31, 2024 | 45,000 | 700 | 20,000 | 1,000 | 16,813,229,180 | 8 | 1,032 |
UNAUDITED CONDENSED CONSOLIDA_3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Cash Flows From Operating Activities: | ||
Net Income (loss) | $ 7,159,889 | $ (5,629,713) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Amortization of debt discount | 32,803 | 147,628 |
Change in fair value of derivative liability | (7,271,013) | 3,924,246 |
Excess of debt discount and financing costs | 0 | 1,376,302 |
Shares issued for services | 0 | 80,000 |
Change in fair value of market equity security | 2,169 | 8,546 |
Gain on debt extinguishment | 0 | (315,297) |
Changes in operating assets and liabilities: | ||
Account receivable | 0 | (15,407) |
Other receivable | 0 | 4,687 |
Prepaid | 0 | (59,722) |
Inventory | 0 | 4,002 |
Other assets | 0 | (556) |
Unearned revenue | 0 | (48,921) |
Contract liabilities | 0 | (2,500) |
Accounts payable and accrued expenses | (65,193) | 414,070 |
Accounts payable and accrued expenses - RP | 152,035 | 0 |
Net cash provided by (used in) operating activities | 10,690 | (112,635) |
Cash Flows From Investing Activities: | ||
Net cash used in investing activities | 0 | 0 |
Cash Flows From Financing Activities: | ||
Issuance of convertible notes | 0 | 104,300 |
Repayments to note payables | (11,046) | 0 |
Repayments to related party | 0 | (302,700) |
Repayment of Convertible note | 0 | (39,043) |
Proceeds from related party | 0 | 302,506 |
Net cash (used in) provided by financing activities | (11,046) | 65,063 |
Net changes in cash | (356) | (47,572) |
Cash, beginning of period | 529 | 106,639 |
Cash, end of period | 173 | 59,067 |
Cash paid for: | ||
Interest | 0 | 0 |
Income taxes | 0 | 0 |
Supplemental non-cash investing and financing activities | ||
Reduction in derivative liability due to conversion | 694,919 | 104,301 |
Shares issued for conversion of convertible debt | 557,560 | 316,223 |
Debt discount related to convertible debt | 0 | 403,548 |
Tokenize investment reclassification | $ 1,660 | $ 0 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Pay vs Performance Disclosure [Table] | ||
Net Income (Loss) Attributable to Parent | $ 7,161,989 | $ (5,674,330) |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Mar. 31, 2024 | |
Insider Trading Arrangements [Line Items] | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Organization and Basis of Prese
Organization and Basis of Presentation | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
Organization and Basis of Presentation | Note 1 - Organization and Basis of Presentation Organization and Line of Business GBT Technologies Inc. (the “Company”, “GBT”, or “GTCH”) was incorporated on July 22, 2009 under the laws of the State of Nevada. The Company is targeting growing markets such as development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including wireless mesh network technology platform and fixed solutions, development of an intelligent human body vitals device, asset-tracking IoT, and wireless mesh networks. Effective August 5, 2019, the Company changed its name from Gopher Protocol Inc. to GBT Technologies Inc. The Company derived revenues from (i) the provision of IT consulting services; and (ii) from the licensing of its technology. (ii) from selling electronic products through e-commerce platforms. On February 18, 2022 the Company, effective March 1, 2022 entered into a Revenue Sharing Agreement (“RSA”) with Mahaser LTD. (“Mahaser”) pursuant to which the Company shares revenues generated by Mahaser with respect to e-commerce sales through the online retail platform in the United States of America. Effective July 1, 2023, the Company agreed to terminate the RSA with Mahaser Ltd. On July 20, 2023, the Company through its wholly owned subsidiary, Greenwich International Holdings, a Costa Rica corporation (“Greenwich”), entered into an Amended and Restated Joint Venture (the “2023 Tokenize Agreement”) with Magic Internacional Argentina FC, S.L. (“Magic”) and GBT Tokenize Corp (“GBT Tokenize”). GBT Tokenize has developed a vital device based on the Technology Portfolio that is ready for commercialization, as well as certain derivative technologies, which positioned GBT Tokenize to further develop or license certain code sources. On April 3, 2023, GBT Tokenize entered its first commercial transaction to date through the sale of the Avant-AI! technology that been developed by GBT Tokenize, based on the Technology Portfolio. As of September 30, 2023, the Company did not record the commercial transactions as it was contingent per the Lock-Up term. The unaudited condensed consolidated financial statements are prepared by the Company, pursuant to the rules and regulations of the SEC. The information furnished herein reflects all adjustments, consisting only of normal recurring adjustments, which in the opinion of management, are necessary to fairly state the Company’s financial position, the results of its operations, and cash flows for the periods presented. Basis of Presentation The accompanying condensed consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Stock Split On October 26, 2021, the Company effectuated a 1 for 50 In July 2, 2022 the Company filed a preliminary information statement to the stockholders of record (the “Record Date”) in connection with certain actions to be taken by the written consent by stockholders holding a majority of the voting stock of the Company, dated as of June 28, 2022. ● To amend the Company’s Articles of Incorporation, (the “Articles of Incorporation”) to increase the number of authorized shares of common stock, par value $ 0.00001 10,000,000,000 (i) authorize the Company’s Board of Directors to effect, in its sole discretion, a reverse stock split of the Common Stock in a ratio of up to 1-for-500 On October 12, 2023, the Company amended its articles of incorporation to increase its authorized shares of common stock to 30,000,000,000 |
Going Concern
Going Concern | 3 Months Ended |
Mar. 31, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | Note 2 – Going Concern The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has an accumulated deficit of $ 308,831,305 23,387,928 The Company’s ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through some private placement offerings of debt and equity securities. These plans, if successful, will mitigate the factors which raise substantial doubt about the Company’s ability to continue as a going concern. These CFS do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty. |
Discontinued Operations
Discontinued Operations | 3 Months Ended |
Mar. 31, 2024 | |
Discontinued Operations | |
Discontinued Operations | Note 3 – Discontinued Operations On February 18, 2022, the Company, effective March 1, 2022 entered into a Revenue Sharing Agreement (“RSA”) with Mahaser LTD. (“Mahaser”) pursuant to which the Company shares in revenues generated by Mahaser e-commerce sales through the online retail platform in the United States of America. Mahaser owns an e-commerce platform as a store which is the legal, exclusive owner of Ravenholm Electronics. The Company will operate the e-commerce platform and entitled to 95% for all revenue generated by and received by Mahaser from March 1, 2022 through December 31, 2022. The RSA provides that the Company will be entitled to appoint a manager to Mahaser. As consideration, the Company will pay Mahaser $ 100,000 1,000,000 The financial results of Mahaser Ltd. are present as loss from discontinued operations, net of income taxes on our consolidated income through March 31, 2023, when our deconsolidation occurred. The following table presents the financial results of Mahaser: Schedule of discontinued operations Period ended March 31, 2024 2023 Revenues $ — $ 217,785 Cost of revenue — 176,091 Gross profit — 41,694 Operating expense Professional expenses — 7,908 General and administrative expenses — 24,188 Total operating expense — 32,096 Income from operations of discontinued operations — 9,597 Nonoperating expense - interest expense and financing — 6,747 Total other expense — 6,747 Income from discontinued operations before provision for income taxes — 2,850 Provision for income taxes — — Income from discontinued operations, net of income taxes $ — $ 2,850 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 4 – Summary of Significant Accounting Policies Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Significant estimates in the accompanying condensed consolidated financial statements include valuation of derivatives and valuation allowance on deferred tax assets. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its subsidiaries; the Company’s 50% owned subsidiaries: GBT Tokenize Corp; and GBT BitSpeed Corp. (currently inactive) and , Gopher Protocol Costa Rica Sociedad De Responsabilidad Limitada (currently inactive), a wholly owned subsidiary, AltCorp Trading LLC, a Costa Rica company (“AltCorp” currently inactive) and Greenwich International Holdings, a Costa Rica corporation (“Greenwich” currently inactive). All significant intercompany transactions and balances were eliminated. For entities determined to be VIEs, an evaluation is required to determine whether the Company is the primary beneficiary. The Company evaluates its economic interests in the entity specifically determining if the Company has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance (“the power”) and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE (“the benefits”). When making the determination whether the benefits received from an entity are significant, the Company considers the total economics of the entity, and analyzes whether the Company’s share of the economics is significant. The Company utilizes qualitative factors, and, where applicable, quantitative factors, while performing the analysis. In addition, the Company’s variable interests in Mahaser obligate the Company to absorb deficits and provide it with the right to receive benefits that could potentially be significant to Mahaser. As a result of this analysis, the Company concluded it is the primary beneficiary of Mahaser and therefore consolidates the balance sheets, results of operations and cash flows of Mahaser. The Company performs a qualitative assessment of Mahaser on an ongoing basis to determine if it continues to be the primary beneficiary. Effective July 1, 2023, the Company terminated its joint venture revenue sharing (“Termination Agreement”) with Mahaser LTD (“Mahaser”). Until June 30, 2023, the Company’s variable interests in Mahaser obligate the Company to absorb deficits and provide it with the right to receive benefits that could potentially be significant to Mahaser. As a result of this analysis, the Company concluded it is the primary beneficiary of Mahaser and therefore consolidates the balance sheets, results of operations and cash flows of Mahaser until June 30, 2023. The Company performs a qualitative assessment of Mahaser on an ongoing basis to determine if it continues to be the primary beneficiary. Per the Termination Agreement, the Company has no access to Mahaser and ceased consolidated Mahaser as it does not comply with the condition in the qualitative assess, and as such this CFS does not include Mahaser operations for the period ended March 31, 2024. Cash Equivalents For the purpose of the statement of cash flows, cash equivalents include time deposits, certificate of deposits, and all highly liquid debt instruments with original maturities of three months or less. As of March 31, 2024 and December 31, 2023, the Company did no Funds in Escrow Restricted cash is $ 375,000 19,694 19,694 Marketable Securities The Company accounts for investment securities in accordance with ASC Topic 321, Investments – equity securities. Inventory (2022 and interim 2023) The inventory consists of electronic products ready for sale online on e-commerce platforms. It is stated at the lower of cost or net realizable value and all inventories were returned product from online customers. We value our inventory using the weighted average costing method. Our Company’s policy is to include as a part of inventory any freight incurred to ship the product from our contract vendors to our warehouses. Outbound freight costs to our customers are considered period costs and reflected in selling, general and administrative expenses. We regularly review inventory and consider forecasts of future demand, market conditions and product obsolescence. Derivative Financial Instruments The Company evaluates all of its agreements to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its FV and is then re-valued at each reporting date, with changes in the FV reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. As of March 31, 2024 and December 31, 2023, the Company’s only derivative financial instrument was an embedded conversion feature associated with convertible notes payable due to certain provisions that allow for a change in the conversion price based on a percentage of the Company’s stock price at the date of conversion. Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash, accounts payable, accrued liabilities and short-term debt, the carrying amounts approximate their FV due to their short maturities. FASB ASC Topic 820, Fair Value Measurements and Disclosures Financial Instruments ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology use one or more unobservable inputs which are significant to the FV measurement. The Company analyzes all financial instruments with features of both liabilities and equity under FASB ASC Topic 480, Distinguishing Liabilities from Equity Derivatives and Hedging For certain financial instruments, the carrying amounts reported in the balance sheets for cash and current liabilities, including convertible notes payable, each qualify as a financial instrument, and are a reasonable estimate of their FV because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The Company uses Level 2 inputs for its valuation methodology for derivative liabilities as their FV were determined by using the Black-Scholes-Merton pricing model based on various assumptions. The Company’s derivative liabilities are adjusted to reflect FV at each period end, with any increase or decrease in the FV being recorded in results of operations as adjustments to FV of derivatives. At March 31, 2024 and December 31, 2023, the Company identified the following liabilities that are required to be presented on the balance sheet at FV: Schedule of balance sheet at fair value Fair Value Fair Value Measurements at As of March 31, 2024 Description March 31, 2024 Using Fair Value Hierarchy Level 1 Level 2 Level 3 Conversion feature on convertible notes $ 6,150,130 $ — $ 6,150,130 $ — Fair Value Fair Value Measurements at As of December 31, 2023 Description December 31, 2023 Using Fair Value Hierarchy Level 1 Level 2 Level 3 Conversion feature on convertible notes $ 14,116,062 $ — $ 14,116,062 $ — Treasury Stock Treasury stock is recorded at cost. The re-issuance of treasury shares is accounted for on a first in, first-out basis and any difference between the cost of treasury shares and the re-issuance proceeds are charged or credited to additional paid-in capital. The Company has 8 shares as treasury shares from acquisitions that commenced in 2011. Reclassification Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. Effective July 1, 2023, the Company terminated its joint venture revenue sharing (“Termination Agreement”) with Mahaser LTD (“Mahaser”). Until June 30, 2023, the Company’s variable interests in Mahaser obligate the Company to absorb deficits and provide it with the right to receive benefits that could potentially be significant to Mahaser. The Company evaluated for the period ended on June 30, 2023, whether it has a variable interest in Mahaser, whether Mahaser is a VIE and whether the Company has a controlling financial interest in Mahaser. The Company concluded that it has variable interests in Mahaser on the basis of GBT has 100% control over the JV/revenue sharing, and as such should consolidate the JV into its books and records as it assigned 100% financial responsibility. Mahaser’s equity at risk, as defined by GAAP, is considered to be insufficient to finance its activities without additional support, and, therefore, Mahaser is considered a VIE. As termination Agreement took place during the reporting period, the financial been classified to disclose this operation as discontinued operation. Revenue Recognition Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Topic 606 Topic 606. Topic 605, Revenue Recognition Revenue from providing IT consulting services are recognized under Topic 606 ● executed contracts with the Company’s customers that it believes are legally enforceable; ● identification of performance obligations in the respective contract; ● determination of the transaction price for each performance obligation in the respective contract; ● allocation the transaction price to each performance obligation; and ● recognition of revenue only when the Company satisfies each performance obligation. These five elements, as applied to each of the Company’s IT revenue category, is summarized below: ● IT consulting services - revenue is recorded on a monthly basis as services are provided. These five elements, as applied to each of the Company’s license revenue category, is summarize below: ● License services – the one-time related party licensing income recorded as other income upon agreement is executed and services are provided and recognized over the term of five years. E-Commerce sales ● Identify the contract(s) with a customer. ASC 606 defines a contract as “an agreement between two or more parties that creates enforceable rights and obligations”. Since this is an e-commerce sale on the Amazon of eBay websites, the Company just followed the general terms on Amazon or eBay websites and the customer entered into a contract with the Company based on the product listed on the Amazon or eBay websites; Identify the performance obligations in the contract. According to the contract, the Company is responsible for operation exclusively. The Company is entitled to all revenue which is being paid by Amazon or eBay into a designated bank account and the Company is responsible for all product acquisitions as well as shipments. The only performance obligations were the electronic products that were listed on Amazon or eBay websites and the Company determined each order is one single obligation; Determine the transaction price. The transaction price set to be the listed price on the Amazon or eBay websites; Allocation the transaction price to the performance obligations in the contract; and Recognize revenue when the Company satisfies a performance obligation. Sales are being recognized upon shipment. Variable Interest Entity On February 18, 2022, the Company, effective March 1, 2022 entered into a Revenue Sharing Agreement (“RSA”) with Mahaser LTD. (“Mahaser”) pursuant to which the Company shares in revenues generated by Mahaser e-commerce sales through the online retail platform in the United States of America. Mahaser owns an e-commerce platform as a store which is the legal, exclusive owner of Ravenholm Electronics. The Company will operate the e-commerce platform and entitled to 95% for all revenue generated by and received by Mahaser from March 1, 2022 through December 31, 2022. The RSA provides that the Company will be entitled to appoint a manager to Mahaser. As consideration, the Company will pay Mahaser $ 100,000 1,000,000 200,000 On March 31, 2022, the parties entered into Amendment No. 2 to the RSA, where Mahaser agreed to pay the Company 100% per year for all revenue generated by and received by seller from the sales by Amazon within the United States of America as follows from March 1, 2022 through December 31, 2022. The Company will be responsible for 100% of the cost of goods sold as well. In addition, the Company is entitled to earn 100% revenues and cost of goods sold of the period from February 1, 2022 to February 28, 2022. On January 1, 2023 the company extended their partnership to December 31, 2023. Effective July 1, 2023, the Company agreed to terminate the RSA with Mahaser Ltd. The period ended on March 31, 2024 and year ended December 31, 2023 does not include the result of operation by Mahaser, as it ceases being VIE. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company has no material uncertain tax positions for any of the reporting periods presented and its current on all its tax filings federal and state until 2022 inclusive. Basic and Diluted Earnings Per Share Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share Schedule of anti-dilutive shares March 31, December 31, 2024 2023 Series B preferred stock 30 30 Series C preferred stock 8 8 Series H preferred stock 1,000,000 1,000,000 Series I preferred stock 1,000,000,000 1,000,000,000 Warrants 400 400 Convertible notes 68,405,539,529 74,974,606,196 Total 69,406,539,967 75,975,606,634 Management’s Evaluation of Subsequent Events The Company evaluates events that have occurred after the balance sheet date of March 31, 2024, through the date which the condensed consolidated financial statements are issued. Based upon the review, other than described in Note 18 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements. Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06 , Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Derivatives and Hedging Derivatives and Hedging—Contracts in Entity’s Own Equity On April 2021, the FASB issued ASU 2021-04, “ Earnings Per Share (Topic 260), Debt— Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options” ASU 2021-04 Management does not believe that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying condensed consolidated financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances. |
Marketable Securities
Marketable Securities | 3 Months Ended |
Mar. 31, 2024 | |
Marketable Securities [Abstract] | |
Marketable Securities | Note 5 – Marketable Securities Schedule of marketable securities March 31, 2024 December 31, 2023 Marketable Securities from Trend Innovation Holdings Inc. $ 26,000 $ 26,000 Marketable Securities from MetAlert Inc. 1,377 3,546 Total Fair Value of Marketable Securities $ 27,377 $ 29,546 Investment Avant – Trend Innovation Holdings, Inc. On April 3, 2023, GBT Tokenize Corp., a subsidiary that is owned 50 In consideration of acquiring the System, TREN is required to issue to the Seller 26,000,000 In addition, TREN, Seller and GBT entered into a license agreement regarding the System, granting the Seller and/or GBT a perpetual, irrevocable, non-exclusive, non-transferable license for using the System to be used in its own development, as in-house tool, where Seller or GBT may not sublicense its rights hereunder to any customer or client. On July 18, 2023 TREN changed its name into: Avant Technologies, Inc and its ticker symbol on OTC Markets was changed into AVAI. As of March 31, 2024 and December 31, 2023, the marketable security had a FV of $ 26,000 26,000 MetAlert -prior name GTX Corp On April 12, 2022, GBT Tokenize Corp (“GBT Tokenize”), a Nevada corporation which the Company owns 50% of the outstanding shares of common stock, entered into a series of agreements with GTX Corp (“GTX”) and various note holders of GTX pursuant to which Tokenize acquired a convertible promissory note of GTX of $ 100,000 76,923 5,000,000 150,000 12,538 The GTX Notes bear 10% interest and 50% of the principal may be converted into shares of common stock on a one-time basis at a conversion price of $ 0.01 65,613 GTX changed its name into Metalert Inc. on or about September 20, 2022. On September 30, 2022, GBT Tokenize, loaned MetAlert Inc., a Nevada corporation (f/k/a GTX Corp.) (“MetAlert”) $ 90,000 90,000 95,770 MetAlert designs, manufactures and sells various interrelated and complementary products and services in the wearable technology and IoMT (Internet of Medical Things) marketplace. As of March 31, 2024 and December 31, 2023, the marketable security had a FV of $ 1,377 3,546 On or about January 31, 2023 GTB Tokenize Corp the Company’s 50 7,500 7,500 812,671 146,037 As of March 31, 2024 and December 31, 2023, the notes had an outstanding balance of $ 46,250 0 |
Stock Loan Receivable
Stock Loan Receivable | 3 Months Ended |
Mar. 31, 2024 | |
Stock Loan Receivable | |
Stock Loan Receivable | Note 6 - Stock Loan Receivable On January 8, 2019, the Company entered into a Stock Pledge Agreement with Latin American Exchange Latinex Casa de Cambio, S.A., a Costa Rica corporation (“Latinex”), to provide that Latinex may maintain its required regulatory capital as required by various regulators. The Company has pledged 4,006 7,610,147 375,000 93,750 5,000,000 4,006 4,006 7,610,147 |
Impaired Investment
Impaired Investment | 3 Months Ended |
Mar. 31, 2024 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Impaired Investment | Note 7 – Impaired Investment Investment in GBT Technologies, S.A. On June 17, 2019, the Company, AltCorp Trading LLC, a Costa Rica company and a wholly-owned subsidiary of the Company (“AltCorp”), GBT Technologies, S.A., a Costa Rica company (“GBT-CR”) and Pablo Gonzalez, a shareholder’s representative of GBT-CR (“Gonzalez”), entered into and closed an Exchange Agreement (the “GBT Exchange Agreement”) pursuant to which the parties exchanged certain securities. In accordance with the Exchange Agreement, AltCorp acquired 625,000 20,000 10,000,000 Note payable by Gopher Protocol Costa Rica Sociedad De Responsabilidad Limitada to the Company in the principal amount of $5,000,000 dated February 6, 2019 (of which the underlying security for this Promissory Note is 30,000,000 restricted shares of common stock of Mobiquity Technologies, Inc. (“Mobiquity”) and 60,000,000 restricted shares of common stock of Mobiquity. The Gopher Convertible Note bears interest of 6% and is payable at maturity on December 31, 2021. At the election of Gonzalez, the Gopher Convertible Note can be converted into a maximum of 20,000 shares of Series H Preferred Stock. Each share of Series H Preferred Stock is convertible, at the option of the holder but subject to the Company increasing its authorized shares of common stock, into such number of shares of common stock of the Company as determined by dividing the Stated Value ($500 per share) by the conversion price ($500 per share). The Series H Preferred Stock has no liquidation preference, does not pay dividends and the holder of Series H Preferred Stock shall be entitled to one vote for each share of common stock that the Series H Preferred Stock may be convertible into. Upon conversion of the Gopher Convertible Note and the 20,000 shares of Series H Preferred Stock, Gonzalez would be entitled to less than 50% of the resulting outstanding shares of common stock of the Company following conversion in full and, as a result, such transaction is not considered a change of control. On May 19, 2021, the Company entered into a Mutual Release and Settlement Agreement and Irrevocable Assignment of Note Balance Principal and Accrued Interest (the “Gonzalez Agreement”) with third party, GBT-CR, IGOR 1 Corp and Gonzalez. Pursuant to the Gonzalez Agreement, without any party admission of liability and to avoid litigation, the parties had agreed to (i) extend the GBT Convertible Note maturity date to December 31,2022, (ii) amend the GBT Convertible Note terms to include a beneficial ownership blocker of 4.99% and a modified conversion feature to the GBT Convertible Note with 15% discount to the market price during the 20 trading day period ending on the latest complete trading day prior to the conversion date and (iii) provided for an assignment of the GBT Convertible Note by Gonzalez to a third party. GBT-CR is in the business of the strategic management of BPO (Business Process Outsourcing) digital communications processing for enterprises and startups, distributed ledger technology development, AI development and fintech software development and applications. The Company accounted for its investment in GBT-CR using the equity method of accounting; however, in 2020, the Company owned less than 20% after GBT-CR issued additional shares to other investors therefore exercised no control over GBT-CR; therefore, this investment is currently accounted for under the cost method. Moreover, on March 19, 2020, California Governor Gavin Newsom issued a stay-at-home order to protect the health and well-being of all Californians and to establish consistency across the state in order to slow the spread of COVID-19. California was therefore under strict quarantine control and travel has been severely restricted, resulting in disruptions to work, communications, and access to files (due to limited access to facilities). The stay-at-home order was lifted in California only on January 25, 2021. As such, the Company was unable to access or to contact GBT-CR on an on-going basis, and cannot get information about GBT-CR. Investment in Joint Venture GBT Tokenize Corp On March 6, 2020, the Company through Greenwich, entered into a Joint Venture and Territorial License Agreement (the “Tokenize Agreement”) with Tokenize-It, S.A. (“Tokenize”), which is owned by a Costa Rica Trust represented by Pablo Gonzalez (“Gonzalez”). Gonzalez also represents Gonzalez Costa Rica Trust, which holds a note in the principal amount of $10,000,000 and is also a shareholder of the Company. Under the Tokenize Agreement, the parties formed GBT Tokenize Corp., a Nevada corporation (“GBT Tokenize”). The purpose of GBT Tokenize is to develop, maintain and support source codes for its proprietary technologies including advanced mobile chip technologies, tracking, radio technologies, AI core engine, electronic design automation, mesh, games, data storage, networking, IT services, business process outsourcing development services, customer service, technical support and quality assurance for business, customizable and dedicated inbound and outbound calls solutions, as well as digital communications processing for enterprises and startups (“Technology Portfolio”), throughout the State of California. Upon generating any revenue from the Technology Portfolio, the Joint Venture will earn the first right of refusal for other territories. The Company pledged its 50% ownership in GBT Tokenize and its 100% ownership of Greenwich to Tokenize to secure its Technology Portfolio investment. The Company shall appoint two directors and Tokenize shall appoint one director of GBT Tokenize. Tokenize shall contribute the services and resources for the development of the Technology Portfolio to GBT Tokenize. The Company shall contribute 2,000,000 5,500,000 In addition, GBT Tokenize and Gonzalez entered into a Consulting Agreement in which Gonzalez is engaged to provide services for $ 33,333 424,731 Through this Joint Venture the parties commenced development of an intelligent human vital signs’ device, which we currently refer to as the qTerm. The platform is an expansion of the existing license agreement with GBT Tokenize Corp., which provided GBT Tokenize Corp. with an exclusive territory of California to develop certain of the Company’s technology. As the nature of the platform cannot be restricted only to California, the Company’s joint venture GBT Tokenize Corp. will be compensated with additional two hundred million shares of the Company to strengthen its funding, subject to board approval. A provisional patent application for the qTerm Medical Device was filed on March 30, 2020 with the USPTO. The application has been assigned serial number 63001564. The Joint Venture completed successfully the first prototype. There is no guarantee that the Company will be successful in researching, developing or implementing this product into the market. In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps. On May 28, 2021, the parties agreed to amend the Tokenize Agreement to expand territory granted for the Technology Portfolio under the license to GBT Tokenize to include the entire continental United States. The Company has further agreed to issue GBT Tokenize an additional 14,000,000 15,400,000 5,500,000 15,400,000 On July 20, 2023, the Company through its wholly owned inactive subsidiary, Greenwich International Holdings, a Costa Rica corporation (“Greenwich”), entered into an Amended and Restated Joint Venture (the “2023 Tokenize Agreement”) with Magic Internacional Argentina FC, S.L. (“Magic”) and GBT Tokenize Corp (“GBT Tokenize”). The 2023 Tokenize Agreement restated and replaced the 2022 Tokenize Agreement. Pursuant to the 2023 Tokenize Agreement, as a result of the contribution of the Technology Portfolio by Tokenize and the subsequent contribution of services for the development of the Technology Portfolio by Tokenize and Magic, GBT Tokenize has been able to continue in operation, which has benefited the Company despite its contribution of 166 1,000 35,000 0.0035 10 The Company pledged its 50% ownership in GBT Tokenize and its 100 Although the investment was impaired, the product development is still ongoing. The carrying amount of this investment at March 31, 2024 and December 31, 2023, was $ 0 0 |
Accounts Payable and Accrued Ex
Accounts Payable and Accrued Expenses | 3 Months Ended |
Mar. 31, 2024 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Expenses | Note 8 – Accounts Payable and Accrued Expenses Accounts payable and accrued expenses at March 31, 2024 and December 31, 2023 consist of the following: Schedule of accounts payable and accrued expenses 2024 2023 Accounts payable $ 823,043 $ 773,974 Accrued liabilities 505,913 499,492 Accrued interest 3,976,815 4,099,380 Total $ 5,305,771 $ 5,372,846 Accounts payable consisted of approximately $ 659 Accrued expenses consisted of approximately $ 4.1 Schedule of accounts payable related parties 2024 2023 Accounts payable $ 845,000 $ 770,000 Accrued interest 95,807 96,115 Other payables 978,938 901,595 Total $ 1,919,746 $ 1,767,710 Accounts payable – related parties consisted of approximately $ 845 Accrued interest – related parties consisted of unpaid interest from related parties note payable as of March 31, 2024. Other payables consisted of approximately $ 979 |
Convertible Notes Payable, Non-
Convertible Notes Payable, Non-related Partied and Related Party | 3 Months Ended |
Mar. 31, 2024 | |
Debt Disclosure [Abstract] | |
Convertible Notes Payable, Non-related Partied and Related Party | Note 9 – Convertible Notes Payable, Non-related Partied and Related Party Convertible notes payable – nonrelated parties at March 31, 2024 and December 31, 2023 consist of the following: Schedule of convertible notes payable – non related parties March 31, December 31, 2024 2023 Convertible note payable to GBT Technologies S.A $ 4,979,996 $ 5,175,496 Convertible notes payable to 1800 51,336 70,760 Convertible notes payable to Glen 292,500 462,500 Total convertible notes payable, non-related parties 5,323,076 5,708,756 Unamortized debt discount (12,728 ) (43,739 ) Convertible notes payable – nonrelated parties 5,311,104 5,665,017 Less current portion (5,311,104 ) (5,665,017 ) Convertible notes payable – nonrelated parties, long-term portion $ — $ — $10,000,000 for GBT Technologies S. A. acquisition In accordance with the acquisition of GBT-CR the Company issued a convertible note in the principal amount of $ 10,000,000 6 December 31, 2021 20,000 500 85 On May 19, 2021, the Company, Gonzalez, GBT-CR and IGOR 1 Corp entered into a Mutual Release and Settlement Agreement and Irrevocable Assignment of outstanding balance plus accrued interest (the “Gonzalez Agreement”). Pursuant to the Gonzalez Agreement, without any party admission of liability and to avoid litigation, the parties had agreed to (i) extend the GBT convertible note maturity date to December 31, 2022 13,777,480 During the period ended March 31, 2024, IGOR 1 converted $195,500 of the convertible note into 2,300,000,000 shares of the Company’s common stock. As of March 31, 2024, the note had an outstanding balance of $ 4,979,996 2,432,897 Paid Off Notes/Converted Notes 1800 Diagonal Lending LLC Convertible Note - On March 1, 2023, the Company entered into a Securities Purchase Agreement with DL pursuant to which the Company issued to DL a Convertible Promissory Note (the “DL Convertible Note”) of $ 62,680 52,150 June 1, 2024 The outstanding principal amount of the DL Convertible Note may not be converted prior to the period beginning on the date that is 180 days following the date the DL Convertible Note is issued. Following the 180th day, DL may convert the DL Convertible Note into shares of the Company’s common stock at a conversion price equal to 85 4.99 As of December 31, 2023, the note had an outstanding balance of $ 20,180 6,041 During the period ended March 31, 2024, 1800 Diagonal converted the remaining $ 20,180 295,534,118 As of March 31, 2024, the note had an outstanding balance of $ 0 0 Outstanding Notes Glen Eagle The Company entered into a series of loan arrangements with Glen Eagles Acquisition LP pursuant to which it received $ 512,500 457,500 85 In order to include a convertible feature for the $ 55,000 512,500 55,000 10 December 31, 2023 85 92,737 During the period ended March 31, 2024, Glen Eagle converted $ 170,000 2,000,000,000 As of March 31, 2024, the consolidated convertible note had an outstanding balance of $ 292,500 113,364 1800 Diagonal Lending LLC 50,580 42,150 July 24, 2024 The outstanding principal amount of the DL Note may not be converted prior to the period beginning on the date that is 180 days following the Issue Date. Following the 180 th 85 4.99 As of March 31, 2024, the note had an outstanding balance of $ 50,580 4,723 Convertible notes payable – related parties at March 31, 2024 and December 31, 2023 consist of the following: Schedule of convertible note payable – related parties March 31, December 31, 2024 2023 Convertible note payable to Stanley Hills 491,395 661,395 Unamortized debt discount — — Convertible notes payable, net, related party 491,395 661,395 Less current portion (491,395 ) (661,395 ) Convertible notes payable, net, related party, long-term portion $ — $ — Stanley Hills LLC The Company entered into a series of loan agreements with Stanley Hills LLC (“Stanley”) pursuant to which it received more than $ 1,000,000 1,214,900 85 4.99 1,231,466 4,420,758 325,000 800,000 126,003 424,731 750,000 10 June 30, 2024 85 408,034 During the period ended March 31, 2024, Stanley Hills converted $ 170,000 2,000,000,000 As of March 31, 2024 and December 31, 2023 the principal balance of Stanley debt was $ 491,395 661,395 61,733 49,482 Discounts on convertible notes The Company recognized debt discount of $ 32,803 143,737 13,201 163,520 A roll-forward of the convertible notes payable from December 31, 2023 to March 31, 2024 is below: Schedule of roll-forward of the convertible notes payable Convertible notes payable, December 31, 2023, Net $ 6,326,412 Conversion to common stock (555,680 ) Amortization of debt discounts 31,011 Convertible notes payable, March 31, 2024, Net $ 5,801,743 |
Notes Payable, Non-related Part
Notes Payable, Non-related Parties and Related Party | 3 Months Ended |
Mar. 31, 2024 | |
Notes Payable Non-related Parties And Related Party | |
Notes Payable, Non-related Parties and Related Party | Note 10 – Notes Payable, Non-related Parties and Related Party Notes payable, non-related parties at March 31, 2024 and December 31, 2023 consist of the following: Schedule of notes payable, non-related parties March 31, December 31, 2024 2023 1800 note $ 16,500 $ 27,546 SBA loan 350,000 350,000 Total notes payable 366,500 377,546 Unamortized debt discount (473 ) (2,265 ) Notes payable 366,027 375,281 Less current portion (54,281 ) (46,533 ) Notes payable, long-term portion $ 311,746 $ 328,748 SBA Loan On June 22, 2020, the Company received a loan from the Small Business Administration under the Economic Injury Disaster Loan program related to the COVID-19 relief efforts. The loan bears interest at 3.75 731 30 1,771 3.75 200,000 38,254 21,252 40,104 36,832 311,746 328,748 Sixth Street Lending LLC – named changed - 1800 Diagonal Lending LLC Straight Note – with Convertible Feature - On March 1, 2023, the Company entered into a Securities Purchase Agreement, with 1800 Diagonal Lending LLC, an accredited investor (“DL”) pursuant to which the Company issued to DL a Promissory Note (the “DL Note”) of $ 59,408 6,258 53,150 June 1, 2024 12 7,128 6,654 66,536 The outstanding principal amount of the DL Note may not be converted into the Company common shares except in the event of default. In the event of default on the DL Note, DL may convert the DL Note into shares of the Company’s common stock at a conversion price equal to 75 4.99 During the three months ended March 31, 2024, the note has been fully repaid. As of March 31, 2024 and December 31, 2023, the note had an outstanding balance of $ 0 1,486 0 7,129 Straight Note $47,208 47,208 5,058 42,150 April 24, 2024 12 5,664 5,287 52,872 The outstanding principal amount of the DL Note may not be converted into the Company common shares except in the event of default. In the event of default on the DL Note, DL may convert the DL Note into shares of the Company’s common stock at a conversion price equal to 75 4.99 As of March 31, 2024 and December 31, 2023, the note had an outstanding balance of $ 16,500 26,059 0 5,665 Discounts on Promissory Note The Company recognized debt discount of $ 1,792 3,891 473 55,516 Notes payable, related party at March 31, 2024 and December 31, 2023 consist of the following: Schedule of notes payable, related parties March 31, December 31, 2024 2023 Alpha Eda note payable $ 140,000 $ 140,000 Total notes payable, related party 140,000 140,000 Unamortized debt discount — — Notes payable, net, related party 140,000 140,000 Less current portion (140,000 ) (140,000 ) Notes payable, net, related party, long-term portion $ — $ — Alpha Eda On November 15, 2020, the Company issued a promissory note to Alpha Eda, LLC (“Alpha”), a related party for $140,000. The note accrues interest at 10%, is unsecured and was due on September 30, 2021. On March 31, 2023 Alpha and the Company extended the note maturity to December 31, 2023. The balance of the note at March 31, 2024 and December 31, 2023 was $ 140,000 140,000 50,124 46,633 |
Accrued Settlement
Accrued Settlement | 3 Months Ended |
Mar. 31, 2024 | |
Accrued Settlement | |
Accrued Settlement | Note 11 – Accrued Settlement Schedule of accrued settlement March 31, 2024 December 31, 2023 Accrued Settlement Payable 4,090,057 4,090,057 Total $ 4,090,057 $ 4,090,057 In connection with a legal matter filed by the Investor of the $ 8,340,000 4,034,444 7.25 55,613 1,375,556 4,090,057 4,090,057 |
Derivative Liability
Derivative Liability | 3 Months Ended |
Mar. 31, 2024 | |
Derivative Liability | |
Derivative Liability | Note 12 - Derivative Liability Certain of the convertible notes payable discussed in Note 10 have a conversion price that can be adjusted based on the Company’s stock price which results in the conversion feature being recorded as a derivative liability. The FV of the derivative liability is recorded and shown separately under current liabilities. Changes in the FV of the derivative liability is recorded in the statement of operations under other income (expense). The Company uses a weighted average Black-Scholes option pricing model with the following assumptions to measure the FV of derivative liability at March 31, 2024 and December 31, 2023: Schedule of assumptions March 31, December 31, 2024 2023 Stock price $ 0.0001 $ 0.0002 Risk free rate 5.38 5.46 % 5.26 5.60 % Volatility 375 538 % 427 502 % Conversion/ Exercise price $ 0.000085 $ 0.000075 0.000085 Dividend rate 0 % 0 % The following table represents the Company’s derivative liability activity for the period ended March 31, 2024: Schedule of derivative liability activity Derivative liability balance, December 31, 2023 $ 14,116,062 Issuance of derivative liability during the period — Fair value of beneficial conversion feature of debt converted (694,919 ) Change in derivative liability during the period (7,271,013 ) Derivative liability balance, March 31, 2024 $ 6,150,130 The significant decrease in the fair value of derivative liability was mainly due to the decrease in the stock prices from $ 0.0002 0.0001 |
Stockholders_ Equity
Stockholders’ Equity | 3 Months Ended |
Mar. 31, 2024 | |
Equity [Abstract] | |
Stockholders’ Equity | Note 13 - Stockholders’ Equity Common Stock In July 7, 2022 the Company filed a preliminary information statement to the stockholders of record (the “Record Date”) in connection with certain actions to be taken by the written consent by stockholders holding a majority of the voting stock of the Company, dated as of June 28, 2022. ● To amend the Company’s Articles of Incorporation, (the “Articles of Incorporation”) to increase the number of authorized shares of common stock, par value $ 0.00001 2,000,000,000 ● (i) authorize the Company’s Board of Directors to effect, in its sole discretion, a reverse stock split of the Common Stock in a ratio of up to 1-for-500 On October 12, 2023, the Company amended its articles of incorporation to increase its authorized shares of common stock to 30,000,000,000 During the period ended March 31, 2024, the Company had the following transactions in its common stock: ● Of 6,559,534,118 555,680 1,880 As of March 31, 2024 and December 31, 2023, there were 16,813,229,180 10,253,695,062 Series B Preferred Shares The Series B Preferred Stock has a stated value of $100 per share and is convertible into the Company’s common stock at a conversion price of $ 30 As of March 31, 2024 and December 31, 2023, there were 45,000 Series C Preferred Shares Each share of Series C Preferred Stock is convertible, at the option of GV, into such number of shares of common stock of the Company as determined by dividing the Stated Value (as defined below) by the Conversion Price (as defined below). The Conversion Price for each share is equal to a 50% discount to the average of the lowest three lowest closing bid prices of the Company’s common stock during the 10-day trading period prior to the conversion with a minimum conversion price of $0.02. The stated value is $11 per share (the “Stated Value”). The Series C Preferred Stock has no liquidation preference, does not pay dividends and the holder of Series C Preferred Stock shall be entitled to one vote for each share of common stock that the Series C Preferred Stock shall be convertible into. GV has contractually agreed to restrict its ability to convert the Series C Preferred Stock and receive shares of the Company’s common stock such that the number of shares of the Company’s common stock held by it and its affiliates after such conversion does not exceed 4.9% of the then issued and outstanding shares of the Company’s common stock. The issuance of the Series C Preferred Stock was made in reliance upon exemptions from registration pursuant to Section 4(a)(2) under the Securities Act of 1933 and Rule 506 promulgated under Regulation D thereunder. GV is an accredited investor as defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933. At March 31, 2024 and December 31, 2023, GV owns 700 Series H Preferred Shares On June 17, 2019, the Company, AltCorp Trading LLC, a Costa Rica company and a wholly-owned subsidiary of the Company (“AltCorp”), GBT Technologies, S.A., a Costa Rica company (“GBT-CR”) and Pablo Gonzalez, a shareholder’s representative of GBT-CR (“Gonzalez”), entered into and closed an Exchange Agreement (the “GBT Exchange Agreement”) pursuant to which the parties exchanged certain securities. In accordance with the Exchange Agreement, AltCorp acquired 625,000 20,000 10,000,000 December 31, 2021 500 As of March 31, 2024 and December 31, 2023, there are 20,000 Series I Preferred Shares On July 20, 2023, the Company through its wholly owned subsidiary, Greenwich International Holdings, a Costa Rica corporation (“Greenwich”), entered into an Amended and Restated Joint Venture (the “2023 Tokenize Agreement”) with Magic and GBT Tokenize. The 2023 Tokenize Agreement restated and replaced the 2022 Tokenize Agreement. Pursuant to the 2023 Tokenize Agreement, as a result of the contribution of the Technology Portfolio by Tokenize and the subsequent contribution of services for the development of the Technology Portfolio by Tokenize and Magic, GBT Tokenize has been able to continue in operation, which has benefited the Company despite its contribution of 166 million shares of common stock valued at approximately $50,000. In order to maintain its 50% ownership interest in GBT Tokenize, the Company agreed to contribute its portfolio of intellectual property to GBT Tokenize and issue to GBT Tokenize 1,000 35,000 0.0035 As of March 31, 2024 and December 31, 2023, there are 1,000 Treasury Shares On April 25, 2011, the Company issued a press release announcing that its Board of Directors approved a share repurchase program. Under the program, the Company is authorized to purchase up to 200-post-split (1,000,000 pre-split) of its shares of common stock in open market transactions at the discretion of management. All stock repurchases will be subject to the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended and other rules that govern such purchases. As of March 31, 2024 and December 31, 2023, the Company has 8 11,059 Shares T B C As of December 31, 2013, the Company had repurchased 8-post-split shares (38,000 pre-split) shares of its common shares in the open market, which were returned to treasury. On December 31, 2014, the Company returned 40,000 post-split shares (200,000,000 pre-split shares) to the Company in connection with the dissolution of the licensing agreement with Micrologic. During the first quarter of 2015, the Company’s counsel, who had previously been issued 32,000 shares as compensation, returned those shares to the Company. As of March 31, 2024 and December 31, 2023, the Company has 1,032 632,000 Warrants The following is a summary of warrant activity. Schedule of warrant activity Weighted Weighted Average Average Remaining Aggregate Warrants Exercise Contractual Intrinsic Outstanding Price Life Value Outstanding, December 31, 2023 400 $ 1,595 0.02 $ — Granted — — Forfeited — — Exercised — — Outstanding, March 31, 2024 400 $ 1,595 0.02 $ — Exercisable, March 31, 2024 400 $ 1,595 0.02 $ — |
Related Parties
Related Parties | 3 Months Ended |
Mar. 31, 2024 | |
Related Party Transactions [Abstract] | |
Related Parties | Note 14 - Related Parties Related parties are natural persons or other entities that have the ability, directly or indirectly, to control another party or exercise significant influence over the party in making financial and operating decisions. Related parties include other parties that are subject to common control or that are subject to common significant influences. On October 10, 2019, the Company entered into a Joint Venture Agreement (the “BitSpeed Agreement”) with BitSpeed LLC, which is owned by Douglas Davis, the prior Company’s Chief Executive Officer (From January 1, 2019 to April 11, 2020), to form GBT BitSpeed Corp., a Nevada company (“GBT BitSpeed”). The purpose of GBT BitSpeed is to develop, maintain and support its proprietary Extreme Transfer Software Application Concurrency, a software application to transfer secure, accelerated transmission of large file data over networks, and connection to cloud storage, Network-Attached Storage (NAS) and Storage Area Networks (SANs) (“Concurrency”). BitSpeed shall contribute the services and resources for the development of Concurrency to GBT BitSpeed. The Company shall contribute 10 million shares of common stock of the Company to GBT BitSpeed. BitSpeed and the Company will each own 50 10,000 On July 20, 2023, the Company through its wholly owned subsidiary, Greenwich International Holdings, a Costa Rica corporation (“Greenwich”), entered into an Amended and Restated Joint Venture (the “2023 Tokenize Agreement”) with Magic Internacional Argentina FC, S.L. (“Magic”) and GBT Tokenize Corp (“GBT Tokenize”). On March 6, 2020, the Company through Greenwich entered into a Joint Venture and Territorial License Agreement (the “2020 Tokenize Agreement”) with Tokenize-It, S.A. (“Tokenize”). Under the 2020 Tokenize Agreement, the parties formed GBT Tokenize and Tokenize contributed its technology portfolio as described in the 2020 Tokenize Agreement with each Tokenize and the Company owning 50 In addition to the Technology Portfolio, Tokenize contributed the services and resources for the development of the Technology Portfolio to GBT Tokenize. The Company contributed 2,000,000 14,000,000 50 150,000,000 26,000,000 166 50,000 50 1,000 35,000 0.0035 Yello Partners Inc. As of March 31, 2024 and December 31, 2023, the Company has $ 625,000 Stanley Hills LLC Accounts Payable As of March 31, 2024 and December 31, 2023, the Company has recorded an outstanding payable balance to Stanley amounted $ 978,938 901,595 |
Legal Proceedings
Legal Proceedings | 3 Months Ended |
Mar. 31, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
Legal Proceedings | Note 15 - Legal Proceedings From time to time, the Company may be involved in various litigation matters, which arise in the ordinary course of business. There is currently no litigation that management believes will have a material impact on the financial position of the Company. TTSG On or about July 9, 2021 the Company filed a lawsuit in District Court in Clack County Nevada – Department 19 (Case number A-21-837631-C) against Terry Taylor and TTSG Holdings, Inc for breach of contract, breach of covenant of Good Faith and Fair Dealing, Unjust Enrichment and declaratory relief for failure of providing consulting services per contract they entered. The Company is demanding the return of 240,000 shares issued, return of the $5,000 payments, recission of the consulting agreement, and attorney’s fees and costs. As Terry Taylor and TTSG Holdings failed to appear to a notice of deposition, the Company filed for a summary judgment. On January 20, 2023 the court issued a $708,821 writ of execution against Terry Taylor and TTSG Gregory Mancuso and Rainer AG On or about February 2, 2022, GBT was served with a First Amended Complaint (the “Complaint”) initiated by Gregory Mancuso and Rainer AG, a Swiss corporation, Case No. 21SMCV01430, filed in the Superior Court of the State of California for the County of Los Angeles. The Complaint names a number of different parties, including GBT, and asserts, among other things, claims for conversion, unjust enrichment, breach of contract, and breach of implied covenant of fair dealing, which Plaintiffs allege arise out of a brokerage agreement entered into between Plaintiff Rainer AG and co-defendant Consul Group re Dos Mil Veintiuno S.R.L (“Consul”). GBT was sued under an alter ego theory of liability, and its only involvement in the above-referenced chain of events seems to be that its shares were deposited with Rainer by Consul upon the opening of the brokerage account. GBT will be filling a demurrer to the First Amended Complaint based on a variety of deficiencies with the First Amended Complaint and will ask the Court to dismiss the claims against GBT. |
Contingencies
Contingencies | 3 Months Ended |
Mar. 31, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies | Note 16 - Contingencies GBT Technologies, S.A. On September 14, 2018, the Company entered into an Exclusive Intellectual Property License and Royalty Agreement (the “GBT License Agreement”) with GBT-CR, a fully compliant and regulated crypto currency exchange platform that currently operates in Costa Rica as a decentralized crypto currency platform, pursuant to which, among other things, the Company granted to GBT-CR an exclusive, royalty-bearing right and license relating intellectual property relating to systems and methods of converting electronic transmissions into digital currency as reflected in that certain patent filed with the United Stated Patent and Trademark Office on or about June 14, 2018 (EFS ID: 32893586; Application Number: 16008069; Type: Utility under 35 USC 111(a); Confirmation Number: 6787)(collectively, the “Digital Currently Technology”). Pursuant to the GBT License Agreement, the Company granted GBT-CR an exclusive worldwide license to use the Digital Currency Technology to make, use, sell, lease or otherwise commercialize and dispose of products and devices utilizing the Digital Currently Technology. Under the terms of the GBT License Agreement, the Company is entitled to receive a royalty payment of 2% of gross revenue of each licensed product sold by GBT-CR during the period starting in which revenue is first generated using the licensed products and continuing for five years thereafter. Upon signing the GBT-CR License Agreement, GBT-CR paid the Company $ 300,000 300,000 5,000,000 200,000 5,000,000 Stock Loan Receivable On January 8, 2019, the Company entered into a Stock Pledge Agreement with Latin American Exchange Latinex Casa de Cambio, S.A., a Costa Rica corporation (“Latinex”), to provide that Latinex may maintain its required regulatory capital as required by various regulators. The Company pledged 4,006 7,610,147 375,000 93,750 5,000,000 4,006 4,006 Metaverse Agreements On June 10, 2022, the Company, entered into a Joint Venture and Territorial License Agreement (the “Metaverse Agreement”) with Ildar Gainulin and Maria Belova (collectively, the “Licensor”). Under the Metaverse Agreement, the parties formed Metaverse Kit Corp., a Nevada corporation (“Metaverse Kit”). The purpose of Metaverse Kit was to develop, maintain and support source codes for its proprietary technologies and comprehensive platform that combines a core virtual reality platform and an extended set of real-world functions to provide a metaverse experience initially within the area of sports and then expanding into virtual worlds of entertainment, live events, gaming, communications and other cross over product opportunities (the “Meta Portfolio”). Under the Metaverse Agreement, Licensor agreed to provide Metaverse Kit with the licensed technology and expertise. In connection therewith, the parties entered an Asset Purchase Agreement (the “Metaverse APA”) concurrently with the Metaverse Agreement whereby Licensor sold Metaverse Kit all source codes pertaining to the Meta Portfolio. Further, Licensor provided an exclusive license to Metaverse Kit throughout the world for the invented product/service and the related platforms relating to the Meta Portfolio and to use the know how to develop, manufacture, sell, market and distribute the Meta Portfolio throughout the world. The Company was required to contribute 500,000,000 50 25,000 The closing of the Metaverse Agreement occurred on June 13, 2022. On March 14, 2023, the Company received a counter signed Settlement Agreement and Release by Licensor dated March 2, 2023 (“Settlement Agreement”). Pursuant to the Settlement Agreement, the parties agreed that Metaverse Agreement, the Metaverse APA and the Consulting Agreement are void and cancelled. Licensor agreed to pay $ 5,000 On February 1, 2023, the Company engaged AlKhatib Consulting Group to provide exclusive representation services in connect with managing market partners, effective on February 1, 2023 for 24 consecutive months till 2025. Assets Sale - TREN On April 3, 2023, GBT Tokenize Corp. (“Seller”), a subsidiary that is owned 50 26,000,000 On July 18, 2023, TREN changed its name to Avant Technologies, Inc. and its ticker symbol on OTC Markets was changed to AVAI. Potential IP’s Sale On April 17, 2023, Bannix Acquisition Corp. (“Bannix”), EVIE Autonomous Group Ltd. (“EVIE”) and EVIE’s shareholders entered into a Business Combination Agreement pursuant to which Bannix agreed to acquire EVIE. In addition, Bannix agreed to acquire from GBT Technologies Inc. (the “Company” or “GBT”), the Apollo System which is intellectual property covered by patent application filed with the US Patent and Trademark Office. This patent application describes a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and moving objects. The Apollo system is based on radio waves and can detect an entity’s moving and stationary positions, enabling imaging technology to show these movements and positions on a screen in real time. This includes an AI technology that controls the radio waves transmission and analyzes the reflections. The goal is to integrate the Apollo System as an efficient driver monitoring system, detecting impaired or distracted drivers, providing audible and visual alerts (“the “Patents”). On August 8, 2023, Bannix entered into a Patent Purchase Agreement (“PPA”) with GBT Tokenize Corp. (“Tokenize”), which is 50 850 42.5 30 In accordance therewith, Bannix agrees to pay, issue and deliver to Tokenize, $ 42,500,000 1,000 1.00 4.99 On December 18, 2023, Bannix and Tokenize entered into Amendment No. 1 to the PPA. Per the amendment, Bannix and Tokenize agreed that the shares of common stock to be issued upon conversion of the Series A Preferred Stock will not exceed 19.99% of the aggregate number of shares of common stock issued and outstanding as of the closing of Bannix’s acquisition of EVIE (such maximum number of shares, the “ Exchange Cap On March 11, 2024, Bannix sent EVIE and the shareholder of EVIE a notice providing that the BCA has been terminated (“BNIX EVIE Termination Letter”). As the PPA was contingent upon Bannix closing the acquisition of the EVIE and due to the BNIX EVIE Termination Letter, on March 19, 2024 Bannix and Tokenize agreed to terminate the PPA which was consented to by the Company. Effective as of March 19, 2024, Tokeniz, entered into a Patent Purchase Agreement with VisionWave Technologies Inc. (“VisionWave”) pursuant to which VisionWave agreed to acquire from Tokenize the entire right, title, and interest of certain patents and patent applications providing an intellectual property basis for a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and in motion objects (“VisionWave PPA”). The Purchase Price for the asset is $ 30,000,000 30,000,000 Service Agreement On February 24, 2023, the Company entered into a service agreement with Pacific Capital Markets LLC, where 100,000,000 80,000 0.0008 Representation Agreement On August 17, 2023, Tokenize, which is 50 Patent Purchase Agreement Effective as of March 19, 2024, Tokenize, which is 50% owned by the Company entered into a Patent Purchase Agreement with VisionWave Technologies Inc. (“VisionWave”) pursuant to which VisionWave agreed to acquire from Tokenize the entire right, title, and interest of certain patents and patent applications providing an intellectual property basis for a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and in motion objects (“VisionWave PPA”). The Purchase Price for the asset is $ 30,000,000 30,000,000 |
Concentrations
Concentrations | 3 Months Ended |
Mar. 31, 2024 | |
Risks and Uncertainties [Abstract] | |
Concentrations | Note 17 – Concentrations Concentration of Credit Risk Financial instruments, which potentially subject the Company to a concentration of credit risk for the years, consist principally of temporary cash investments. There have been no losses in these accounts through March 31, 2024 and December 31, 2023. Liquidity risk The Company has an accumulated deficit of $ 308,831,305 23,387,928 |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2024 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 18 - Subsequent Events In accordance with ASC 855-10, the Company has analyzed its operations subsequent to March 31, 2024 through the date these financial statements were issued and has determined that it has no material subsequent events to disclose in these financial statements |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Significant estimates in the accompanying condensed consolidated financial statements include valuation of derivatives and valuation allowance on deferred tax assets. |
Principles of Consolidation | Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its subsidiaries; the Company’s 50% owned subsidiaries: GBT Tokenize Corp; and GBT BitSpeed Corp. (currently inactive) and , Gopher Protocol Costa Rica Sociedad De Responsabilidad Limitada (currently inactive), a wholly owned subsidiary, AltCorp Trading LLC, a Costa Rica company (“AltCorp” currently inactive) and Greenwich International Holdings, a Costa Rica corporation (“Greenwich” currently inactive). All significant intercompany transactions and balances were eliminated. For entities determined to be VIEs, an evaluation is required to determine whether the Company is the primary beneficiary. The Company evaluates its economic interests in the entity specifically determining if the Company has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance (“the power”) and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE (“the benefits”). When making the determination whether the benefits received from an entity are significant, the Company considers the total economics of the entity, and analyzes whether the Company’s share of the economics is significant. The Company utilizes qualitative factors, and, where applicable, quantitative factors, while performing the analysis. In addition, the Company’s variable interests in Mahaser obligate the Company to absorb deficits and provide it with the right to receive benefits that could potentially be significant to Mahaser. As a result of this analysis, the Company concluded it is the primary beneficiary of Mahaser and therefore consolidates the balance sheets, results of operations and cash flows of Mahaser. The Company performs a qualitative assessment of Mahaser on an ongoing basis to determine if it continues to be the primary beneficiary. Effective July 1, 2023, the Company terminated its joint venture revenue sharing (“Termination Agreement”) with Mahaser LTD (“Mahaser”). Until June 30, 2023, the Company’s variable interests in Mahaser obligate the Company to absorb deficits and provide it with the right to receive benefits that could potentially be significant to Mahaser. As a result of this analysis, the Company concluded it is the primary beneficiary of Mahaser and therefore consolidates the balance sheets, results of operations and cash flows of Mahaser until June 30, 2023. The Company performs a qualitative assessment of Mahaser on an ongoing basis to determine if it continues to be the primary beneficiary. Per the Termination Agreement, the Company has no access to Mahaser and ceased consolidated Mahaser as it does not comply with the condition in the qualitative assess, and as such this CFS does not include Mahaser operations for the period ended March 31, 2024. |
Cash Equivalents | Cash Equivalents For the purpose of the statement of cash flows, cash equivalents include time deposits, certificate of deposits, and all highly liquid debt instruments with original maturities of three months or less. As of March 31, 2024 and December 31, 2023, the Company did no |
Funds in Escrow | Funds in Escrow Restricted cash is $ 375,000 19,694 19,694 |
Marketable Securities | Marketable Securities The Company accounts for investment securities in accordance with ASC Topic 321, Investments – equity securities. |
Inventory (2022 and interim 2023) | Inventory (2022 and interim 2023) The inventory consists of electronic products ready for sale online on e-commerce platforms. It is stated at the lower of cost or net realizable value and all inventories were returned product from online customers. We value our inventory using the weighted average costing method. Our Company’s policy is to include as a part of inventory any freight incurred to ship the product from our contract vendors to our warehouses. Outbound freight costs to our customers are considered period costs and reflected in selling, general and administrative expenses. We regularly review inventory and consider forecasts of future demand, market conditions and product obsolescence. |
Derivative Financial Instruments | Derivative Financial Instruments The Company evaluates all of its agreements to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its FV and is then re-valued at each reporting date, with changes in the FV reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. As of March 31, 2024 and December 31, 2023, the Company’s only derivative financial instrument was an embedded conversion feature associated with convertible notes payable due to certain provisions that allow for a change in the conversion price based on a percentage of the Company’s stock price at the date of conversion. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash, accounts payable, accrued liabilities and short-term debt, the carrying amounts approximate their FV due to their short maturities. FASB ASC Topic 820, Fair Value Measurements and Disclosures Financial Instruments ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology use one or more unobservable inputs which are significant to the FV measurement. The Company analyzes all financial instruments with features of both liabilities and equity under FASB ASC Topic 480, Distinguishing Liabilities from Equity Derivatives and Hedging For certain financial instruments, the carrying amounts reported in the balance sheets for cash and current liabilities, including convertible notes payable, each qualify as a financial instrument, and are a reasonable estimate of their FV because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The Company uses Level 2 inputs for its valuation methodology for derivative liabilities as their FV were determined by using the Black-Scholes-Merton pricing model based on various assumptions. The Company’s derivative liabilities are adjusted to reflect FV at each period end, with any increase or decrease in the FV being recorded in results of operations as adjustments to FV of derivatives. At March 31, 2024 and December 31, 2023, the Company identified the following liabilities that are required to be presented on the balance sheet at FV: Schedule of balance sheet at fair value Fair Value Fair Value Measurements at As of March 31, 2024 Description March 31, 2024 Using Fair Value Hierarchy Level 1 Level 2 Level 3 Conversion feature on convertible notes $ 6,150,130 $ — $ 6,150,130 $ — Fair Value Fair Value Measurements at As of December 31, 2023 Description December 31, 2023 Using Fair Value Hierarchy Level 1 Level 2 Level 3 Conversion feature on convertible notes $ 14,116,062 $ — $ 14,116,062 $ — |
Treasury Stock | Treasury Stock Treasury stock is recorded at cost. The re-issuance of treasury shares is accounted for on a first in, first-out basis and any difference between the cost of treasury shares and the re-issuance proceeds are charged or credited to additional paid-in capital. The Company has 8 shares as treasury shares from acquisitions that commenced in 2011. |
Reclassification | Reclassification Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. Effective July 1, 2023, the Company terminated its joint venture revenue sharing (“Termination Agreement”) with Mahaser LTD (“Mahaser”). Until June 30, 2023, the Company’s variable interests in Mahaser obligate the Company to absorb deficits and provide it with the right to receive benefits that could potentially be significant to Mahaser. The Company evaluated for the period ended on June 30, 2023, whether it has a variable interest in Mahaser, whether Mahaser is a VIE and whether the Company has a controlling financial interest in Mahaser. The Company concluded that it has variable interests in Mahaser on the basis of GBT has 100% control over the JV/revenue sharing, and as such should consolidate the JV into its books and records as it assigned 100% financial responsibility. Mahaser’s equity at risk, as defined by GAAP, is considered to be insufficient to finance its activities without additional support, and, therefore, Mahaser is considered a VIE. As termination Agreement took place during the reporting period, the financial been classified to disclose this operation as discontinued operation. |
Revenue Recognition | Revenue Recognition Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Topic 606 Topic 606. Topic 605, Revenue Recognition Revenue from providing IT consulting services are recognized under Topic 606 ● executed contracts with the Company’s customers that it believes are legally enforceable; ● identification of performance obligations in the respective contract; ● determination of the transaction price for each performance obligation in the respective contract; ● allocation the transaction price to each performance obligation; and ● recognition of revenue only when the Company satisfies each performance obligation. These five elements, as applied to each of the Company’s IT revenue category, is summarized below: ● IT consulting services - revenue is recorded on a monthly basis as services are provided. These five elements, as applied to each of the Company’s license revenue category, is summarize below: ● License services – the one-time related party licensing income recorded as other income upon agreement is executed and services are provided and recognized over the term of five years. E-Commerce sales ● Identify the contract(s) with a customer. ASC 606 defines a contract as “an agreement between two or more parties that creates enforceable rights and obligations”. Since this is an e-commerce sale on the Amazon of eBay websites, the Company just followed the general terms on Amazon or eBay websites and the customer entered into a contract with the Company based on the product listed on the Amazon or eBay websites; Identify the performance obligations in the contract. According to the contract, the Company is responsible for operation exclusively. The Company is entitled to all revenue which is being paid by Amazon or eBay into a designated bank account and the Company is responsible for all product acquisitions as well as shipments. The only performance obligations were the electronic products that were listed on Amazon or eBay websites and the Company determined each order is one single obligation; Determine the transaction price. The transaction price set to be the listed price on the Amazon or eBay websites; Allocation the transaction price to the performance obligations in the contract; and Recognize revenue when the Company satisfies a performance obligation. Sales are being recognized upon shipment. |
Variable Interest Entity | Variable Interest Entity On February 18, 2022, the Company, effective March 1, 2022 entered into a Revenue Sharing Agreement (“RSA”) with Mahaser LTD. (“Mahaser”) pursuant to which the Company shares in revenues generated by Mahaser e-commerce sales through the online retail platform in the United States of America. Mahaser owns an e-commerce platform as a store which is the legal, exclusive owner of Ravenholm Electronics. The Company will operate the e-commerce platform and entitled to 95% for all revenue generated by and received by Mahaser from March 1, 2022 through December 31, 2022. The RSA provides that the Company will be entitled to appoint a manager to Mahaser. As consideration, the Company will pay Mahaser $ 100,000 1,000,000 200,000 On March 31, 2022, the parties entered into Amendment No. 2 to the RSA, where Mahaser agreed to pay the Company 100% per year for all revenue generated by and received by seller from the sales by Amazon within the United States of America as follows from March 1, 2022 through December 31, 2022. The Company will be responsible for 100% of the cost of goods sold as well. In addition, the Company is entitled to earn 100% revenues and cost of goods sold of the period from February 1, 2022 to February 28, 2022. On January 1, 2023 the company extended their partnership to December 31, 2023. Effective July 1, 2023, the Company agreed to terminate the RSA with Mahaser Ltd. The period ended on March 31, 2024 and year ended December 31, 2023 does not include the result of operation by Mahaser, as it ceases being VIE. |
Income Taxes | Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company has no material uncertain tax positions for any of the reporting periods presented and its current on all its tax filings federal and state until 2022 inclusive. |
Basic and Diluted Earnings Per Share | Basic and Diluted Earnings Per Share Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share Schedule of anti-dilutive shares March 31, December 31, 2024 2023 Series B preferred stock 30 30 Series C preferred stock 8 8 Series H preferred stock 1,000,000 1,000,000 Series I preferred stock 1,000,000,000 1,000,000,000 Warrants 400 400 Convertible notes 68,405,539,529 74,974,606,196 Total 69,406,539,967 75,975,606,634 |
Management’s Evaluation of Subsequent Events | Management’s Evaluation of Subsequent Events The Company evaluates events that have occurred after the balance sheet date of March 31, 2024, through the date which the condensed consolidated financial statements are issued. Based upon the review, other than described in Note 18 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06 , Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Derivatives and Hedging Derivatives and Hedging—Contracts in Entity’s Own Equity On April 2021, the FASB issued ASU 2021-04, “ Earnings Per Share (Topic 260), Debt— Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options” ASU 2021-04 Management does not believe that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying condensed consolidated financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances. |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Discontinued Operations | |
Schedule of discontinued operations | Schedule of discontinued operations Period ended March 31, 2024 2023 Revenues $ — $ 217,785 Cost of revenue — 176,091 Gross profit — 41,694 Operating expense Professional expenses — 7,908 General and administrative expenses — 24,188 Total operating expense — 32,096 Income from operations of discontinued operations — 9,597 Nonoperating expense - interest expense and financing — 6,747 Total other expense — 6,747 Income from discontinued operations before provision for income taxes — 2,850 Provision for income taxes — — Income from discontinued operations, net of income taxes $ — $ 2,850 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
Schedule of balance sheet at fair value | Schedule of balance sheet at fair value Fair Value Fair Value Measurements at As of March 31, 2024 Description March 31, 2024 Using Fair Value Hierarchy Level 1 Level 2 Level 3 Conversion feature on convertible notes $ 6,150,130 $ — $ 6,150,130 $ — Fair Value Fair Value Measurements at As of December 31, 2023 Description December 31, 2023 Using Fair Value Hierarchy Level 1 Level 2 Level 3 Conversion feature on convertible notes $ 14,116,062 $ — $ 14,116,062 $ — |
Schedule of anti-dilutive shares | Schedule of anti-dilutive shares March 31, December 31, 2024 2023 Series B preferred stock 30 30 Series C preferred stock 8 8 Series H preferred stock 1,000,000 1,000,000 Series I preferred stock 1,000,000,000 1,000,000,000 Warrants 400 400 Convertible notes 68,405,539,529 74,974,606,196 Total 69,406,539,967 75,975,606,634 |
Marketable Securities (Tables)
Marketable Securities (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Marketable Securities [Abstract] | |
Schedule of marketable securities | Schedule of marketable securities March 31, 2024 December 31, 2023 Marketable Securities from Trend Innovation Holdings Inc. $ 26,000 $ 26,000 Marketable Securities from MetAlert Inc. 1,377 3,546 Total Fair Value of Marketable Securities $ 27,377 $ 29,546 |
Accounts Payable and Accrued _2
Accounts Payable and Accrued Expenses (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Payables and Accruals [Abstract] | |
Schedule of accounts payable and accrued expenses | Schedule of accounts payable and accrued expenses 2024 2023 Accounts payable $ 823,043 $ 773,974 Accrued liabilities 505,913 499,492 Accrued interest 3,976,815 4,099,380 Total $ 5,305,771 $ 5,372,846 |
Schedule of accounts payable related parties | Schedule of accounts payable related parties 2024 2023 Accounts payable $ 845,000 $ 770,000 Accrued interest 95,807 96,115 Other payables 978,938 901,595 Total $ 1,919,746 $ 1,767,710 |
Convertible Notes Payable, No_2
Convertible Notes Payable, Non-related Partied and Related Party (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Debt Disclosure [Abstract] | |
Schedule of convertible notes payable – non related parties | Schedule of convertible notes payable – non related parties March 31, December 31, 2024 2023 Convertible note payable to GBT Technologies S.A $ 4,979,996 $ 5,175,496 Convertible notes payable to 1800 51,336 70,760 Convertible notes payable to Glen 292,500 462,500 Total convertible notes payable, non-related parties 5,323,076 5,708,756 Unamortized debt discount (12,728 ) (43,739 ) Convertible notes payable – nonrelated parties 5,311,104 5,665,017 Less current portion (5,311,104 ) (5,665,017 ) Convertible notes payable – nonrelated parties, long-term portion $ — $ — |
Schedule of convertible note payable – related parties | Schedule of convertible note payable – related parties March 31, December 31, 2024 2023 Convertible note payable to Stanley Hills 491,395 661,395 Unamortized debt discount — — Convertible notes payable, net, related party 491,395 661,395 Less current portion (491,395 ) (661,395 ) Convertible notes payable, net, related party, long-term portion $ — $ — |
Schedule of roll-forward of the convertible notes payable | Schedule of roll-forward of the convertible notes payable Convertible notes payable, December 31, 2023, Net $ 6,326,412 Conversion to common stock (555,680 ) Amortization of debt discounts 31,011 Convertible notes payable, March 31, 2024, Net $ 5,801,743 |
Notes Payable, Non-related Pa_2
Notes Payable, Non-related Parties and Related Party (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Payable Non-related Parties And Related Party | |
Schedule of notes payable, non-related parties | Schedule of notes payable, non-related parties March 31, December 31, 2024 2023 1800 note $ 16,500 $ 27,546 SBA loan 350,000 350,000 Total notes payable 366,500 377,546 Unamortized debt discount (473 ) (2,265 ) Notes payable 366,027 375,281 Less current portion (54,281 ) (46,533 ) Notes payable, long-term portion $ 311,746 $ 328,748 |
Schedule of notes payable, related parties | Schedule of notes payable, related parties March 31, December 31, 2024 2023 Alpha Eda note payable $ 140,000 $ 140,000 Total notes payable, related party 140,000 140,000 Unamortized debt discount — — Notes payable, net, related party 140,000 140,000 Less current portion (140,000 ) (140,000 ) Notes payable, net, related party, long-term portion $ — $ — |
Accrued Settlement (Tables)
Accrued Settlement (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Accrued Settlement | |
Schedule of accrued settlement | Schedule of accrued settlement March 31, 2024 December 31, 2023 Accrued Settlement Payable 4,090,057 4,090,057 Total $ 4,090,057 $ 4,090,057 |
Derivative Liability (Tables)
Derivative Liability (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Derivative Liability | |
Schedule of assumptions | Schedule of assumptions March 31, December 31, 2024 2023 Stock price $ 0.0001 $ 0.0002 Risk free rate 5.38 5.46 % 5.26 5.60 % Volatility 375 538 % 427 502 % Conversion/ Exercise price $ 0.000085 $ 0.000075 0.000085 Dividend rate 0 % 0 % |
Schedule of derivative liability activity | Schedule of derivative liability activity Derivative liability balance, December 31, 2023 $ 14,116,062 Issuance of derivative liability during the period — Fair value of beneficial conversion feature of debt converted (694,919 ) Change in derivative liability during the period (7,271,013 ) Derivative liability balance, March 31, 2024 $ 6,150,130 |
Stockholders_ Equity (Tables)
Stockholders’ Equity (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Equity [Abstract] | |
Schedule of warrant activity | Schedule of warrant activity Weighted Weighted Average Average Remaining Aggregate Warrants Exercise Contractual Intrinsic Outstanding Price Life Value Outstanding, December 31, 2023 400 $ 1,595 0.02 $ — Granted — — Forfeited — — Exercised — — Outstanding, March 31, 2024 400 $ 1,595 0.02 $ — Exercisable, March 31, 2024 400 $ 1,595 0.02 $ — |
Organization and Basis of Pre_2
Organization and Basis of Presentation (Details Narrative) - $ / shares | 3 Months Ended | ||||
Oct. 26, 2021 | Mar. 31, 2024 | Dec. 31, 2023 | Oct. 12, 2023 | Jul. 07, 2022 | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||
Reverse stock split | 1 for 50 | ||||
Common stock, par value | $ 0.00001 | $ 0.00001 | $ 0.00001 | ||
Common unit, authorized | 10,000,000,000 | ||||
Common stock, authorized | 30,000,000,000 | 30,000,000,000 | 30,000,000,000 | 2,000,000,000 | |
Board Of Directors [Member] | |||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||
Reverse stock split | 1-for-500 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $ 308,831,305 | $ 315,993,294 |
Working capital deficit | $ 23,387,928 |
Discontinued Operations (Detail
Discontinued Operations (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Discontinued Operations | ||
Revenues | $ 0 | $ 217,785 |
Cost of revenue | 0 | 176,091 |
Gross profit | 0 | 41,694 |
Operating expense | ||
Professional expenses | 0 | 7,908 |
General and administrative expenses | 0 | 24,188 |
Total operating expense | 0 | 32,096 |
Income from operations of discontinued operations | 0 | 9,597 |
Nonoperating expense - interest expense and financing | 0 | 6,747 |
Total other expense | 0 | 6,747 |
Income from discontinued operations before provision for income taxes | 0 | 2,850 |
Provision for income taxes | 0 | 0 |
Income from discontinued operations, net of income taxes | $ 0 | $ 2,850 |
Discontinued Operations (Deta_2
Discontinued Operations (Details Narrative) - Mahaser [Member] | Feb. 18, 2022 USD ($) shares |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |
Consideration paid | $ | $ 100,000 |
Consideration shares | shares | 1,000,000 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Platform Operator, Crypto-Asset [Line Items] | ||
Conversion feature on convertible notes | $ 6,150,130 | $ 14,116,062 |
Fair Value, Inputs, Level 1 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Conversion feature on convertible notes | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Conversion feature on convertible notes | 6,150,130 | 14,116,062 |
Fair Value, Inputs, Level 3 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Conversion feature on convertible notes | $ 0 | $ 0 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Details 1) - shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially-dilutive shares | 69,406,539,967 | 75,975,606,634 |
Series B Preferred Stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially-dilutive shares | 30 | 30 |
Series C Preferred Stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially-dilutive shares | 8 | 8 |
Series H Preferred Stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially-dilutive shares | 1,000,000 | 1,000,000 |
Series I Preferred Stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially-dilutive shares | 1,000,000,000 | 1,000,000,000 |
Warrant [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially-dilutive shares | 400 | 400 |
Convertible Notes [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially-dilutive shares | 68,405,539,529 | 74,974,606,196 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | Feb. 18, 2022 | Mar. 31, 2024 | Dec. 31, 2023 | Jan. 28, 2022 |
Defined Benefit Plan Disclosure [Line Items] | ||||
Cash equivalents | $ 0 | $ 0 | ||
Restricted cash | 375,000 | |||
Escrow amount | $ 19,694 | |||
Annual payment | $ 200,000 | |||
Mahaser [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Consideration paid | $ 100,000 | |||
Consideration shares | 1,000,000 | |||
R W J Parties [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Escrow amount | $ 19,694 |
Marketable Securities (Details)
Marketable Securities (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Total Fair Value of Marketable Securities | $ 27,377 | $ 29,546 |
Trend Innovation Holdings Inc [Member] | ||
Total Fair Value of Marketable Securities | 26,000 | 26,000 |
Met Alert Inc [Member] | ||
Total Fair Value of Marketable Securities | $ 1,377 | $ 3,546 |
Marketable Securities (Details
Marketable Securities (Details Narrative) - USD ($) | 3 Months Ended | |||||||
Apr. 03, 2023 | Jan. 31, 2023 | Sep. 30, 2022 | Sep. 20, 2022 | Apr. 12, 2022 | Mar. 31, 2023 | Mar. 31, 2024 | Dec. 31, 2023 | |
Marketable securities | $ 27,377 | $ 29,546 | ||||||
Conversion price | $ 0.000085 | |||||||
Promissory Note [Member] | ||||||||
Principal amount | $ 90,000 | |||||||
Unpaid interest | $ 95,770 | |||||||
G T X Agreement [Member] | ||||||||
Principal amount | $ 100,000 | |||||||
Number of shares acquired, shares | 5,000,000 | |||||||
Number of shares acquired, value | $ 150,000 | |||||||
Number of shares issued, value | $ 12,538 | |||||||
Conversion price | $ 0.01 | |||||||
Unpaid interest | 65,613 | |||||||
Accrued interest | 0 | 0 | ||||||
Convertible debt | 46,250 | 46,250 | ||||||
G B T Tokenize Corp [Member] | ||||||||
Investment owned percentage | 50% | |||||||
Trend Innovation Holdings Inc [Member] | ||||||||
Marketable securities | 26,000 | 26,000 | ||||||
Trend Innovation Holdings Inc [Member] | Asset Purchase Agreement [Member] | ||||||||
Sale of common stock | 26,000,000 | |||||||
G B T Tokenize [Member] | ||||||||
Number of shares acquired, shares | 76,923 | |||||||
G B T Tokenize Met Alert [Member] | ||||||||
Principal amount | $ 90,000 | |||||||
Met Alert Inc [Member] | ||||||||
Marketable securities | $ 1,377 | $ 3,546 | ||||||
G T B Tokenize Corp [Member] | ||||||||
Owned percentage | 50% | |||||||
G T X Notes Stanley Hills L L C [Member] | ||||||||
Conversion amount | $ 7,500 | |||||||
Accrued interest | $ 7,500 | |||||||
Conversion shares | 812,671 | |||||||
Outstanding balances | $ 146,037 |
Stock Loan Receivable (Details
Stock Loan Receivable (Details Narrative) - USD ($) | 12 Months Ended | ||
Jan. 08, 2019 | Dec. 31, 2023 | Mar. 31, 2024 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Stock loan receivable | $ 7,610,147 | $ 7,610,147 | |
Stock Pledge Agreement [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Restricted shares | 4,006 | 4,006 | |
Value of restricted shares | $ 7,610,147 | ||
Annual payment | 375,000 | ||
Instalment paid | 93,750 | ||
Decrease in capital | $ 5,000,000 | ||
Cancellation restricted shares | 4,006 |
Impaired Investment (Details Na
Impaired Investment (Details Narrative) - USD ($) | 3 Months Ended | ||||||
May 28, 2021 | Mar. 06, 2020 | Jun. 17, 2019 | Mar. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2021 | Mar. 31, 2020 | |
Debt conversion, converted instrument, Value | $ 555,680 | ||||||
Note payable, description | Note payable by Gopher Protocol Costa Rica Sociedad De Responsabilidad Limitada to the Company in the principal amount of $5,000,000 dated February 6, 2019 (of which the underlying security for this Promissory Note is 30,000,000 restricted shares of common stock of Mobiquity Technologies, Inc. (“Mobiquity”) and 60,000,000 restricted shares of common stock of Mobiquity. | ||||||
Services payable | $ 33,333 | ||||||
Impairment charge | $ 15,400,000 | $ 5,500,000 | |||||
Investment | $ 0 | $ 0 | |||||
G B T Tokenize [Member] | |||||||
Ownership Interest rate | 100% | ||||||
Tokenize Agreement [Member] | |||||||
Share issued | 14,000,000 | 166,000,000 | |||||
Issuance of shares value | $ 15,400,000 | ||||||
G B T Shares [Member] | |||||||
Share issued | 2,000,000 | ||||||
Issuance of shares value | $ 5,500,000 | ||||||
Series I Preferred Stock [Member] | Tokenize Agreement [Member] | |||||||
Number of shares converted | 10,000,000,000 | ||||||
Share issued | 1,000 | ||||||
Issuance of shares value | $ 35,000 | ||||||
Conversion price | $ 0.0035 | ||||||
Altcorp [Member] | Series H Preferred Stock [Member] | |||||||
Number of shares acquired | 625,000 | ||||||
Number of shares converted | 20,000 | ||||||
Debt conversion, converted instrument, Value | $ 10,000,000 | ||||||
Stanley Hills L L C [Member] | |||||||
Interest payable | $ 424,731 |
Accounts Payable and Accrued _3
Accounts Payable and Accrued Expenses (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Payables and Accruals [Abstract] | ||
Accounts payable | $ 823,043 | $ 773,974 |
Accrued liabilities | 505,913 | 499,492 |
Accrued interest | 3,976,815 | 4,099,380 |
Total | $ 5,305,771 | $ 5,372,846 |
Accounts Payable and Accrued _4
Accounts Payable and Accrued Expenses (Details 1) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Payables and Accruals [Abstract] | ||
Accounts payable | $ 845,000 | $ 770,000 |
Accrued interest | 95,807 | 96,115 |
Other payables | 978,938 | 901,595 |
Total | $ 1,919,746 | $ 1,767,710 |
Accounts Payable and Accrued _5
Accounts Payable and Accrued Expenses (Details Narrative) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Payables and Accruals [Abstract] | ||
Accounts payable | $ 659,000 | |
Accrued Liabilities, Fair Value Disclosure | 4,100,000 | |
Accounts payable related parties | 845,000 | $ 770,000 |
Other payables related parties | $ 979,000 |
Convertible Notes Payable, No_3
Convertible Notes Payable, Non-related Partied and Related Party (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Defined Benefit Plan Disclosure [Line Items] | ||
Total convertible notes payable, non-related parties | $ 5,323,076 | $ 5,708,756 |
Unamortized debt discount | (12,728) | (43,739) |
Convertible notes payable - nonrelated parties | 5,311,104 | 5,665,017 |
Less current portion | (5,311,104) | (5,665,017) |
Convertible notes payable - non related parties, long-term portion | 0 | 0 |
G B T Technologies S A [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Total convertible notes payable, non-related parties | 4,979,996 | 5,175,496 |
Diagonal Lending [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Total convertible notes payable, non-related parties | 51,336 | 70,760 |
Glen [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Total convertible notes payable, non-related parties | $ 292,500 | $ 462,500 |
Convertible Notes Payable, No_4
Convertible Notes Payable, Non-related Partied and Related Party (Details 1) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Debt Disclosure [Abstract] | ||
Convertible note payable to Stanley Hills | $ 491,395 | $ 661,395 |
Unamortized debt discount | 0 | 0 |
Convertible notes payable, net, related party | 491,395 | 661,395 |
Less current portion | (491,395) | (661,395) |
Convertible notes payable, net, related party, long-term portion | $ 0 | $ 0 |
Convertible Notes Payable, No_5
Convertible Notes Payable, Non-related Partied and Related Party (Details 2) - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Debt Instrument [Line Items] | ||
Amortization of debt discounts | $ 32,803 | $ 147,628 |
Convertible Notes Payable [Member] | ||
Debt Instrument [Line Items] | ||
Convertible notes payable, at beginning | 6,326,412 | |
Conversion to common stock | (555,680) | |
Amortization of debt discounts | 31,011 | |
Convertible notes payable, at end | $ 5,801,743 |
Convertible Notes Payable, No_6
Convertible Notes Payable, Non-related Partied and Related Party (Details Narrative) - USD ($) | 3 Months Ended | 8 Months Ended | 12 Months Ended | ||||||||
Apr. 24, 2023 | Mar. 01, 2023 | Jan. 24, 2023 | Jan. 02, 2023 | May 19, 2021 | Feb. 26, 2020 | Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2023 | |
Debt Instrument [Line Items] | |||||||||||
Value of share converted | $ 555,680 | ||||||||||
Conversion price | $ 0.000085 | ||||||||||
Charge related to modification of debt | $ 13,777,480 | ||||||||||
Convertible note payable, description | IGOR 1 converted $195,500 of the convertible note into 2,300,000,000 shares of the Company’s common stock. | ||||||||||
Convertible debt | $ 5,323,076 | $ 5,708,756 | |||||||||
Gain on debt extinguishment | 0 | $ 315,297 | |||||||||
Interest expense | (101,473) | 1,594,934 | |||||||||
Glen Eagles Acquisition L P [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Note payable, interest rate | 10% | ||||||||||
Maturity date | Dec. 31, 2023 | ||||||||||
Convertible debt | 292,500 | ||||||||||
Number of shares converted, value | $ 170,000 | ||||||||||
Number of shares converted, shares | 2,000,000,000 | ||||||||||
Proceeds from loans | $ 512,500 | ||||||||||
Original amount | $ 457,500 | ||||||||||
Conversion price | 85% | ||||||||||
Convertible feature | $ 55,000 | ||||||||||
Principal amount | $ 512,500 | ||||||||||
Convertible note payable | $ 55,000 | ||||||||||
Gain on debt extinguishment | 92,737 | ||||||||||
Accrued interest | 113,364 | ||||||||||
D L Convertible Note [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Value of share converted | $ 50,580 | $ 62,680 | |||||||||
Maturity date | Jul. 24, 2024 | Jun. 01, 2024 | |||||||||
Conversion price | 85% | 85% | |||||||||
Convertible debt | 50,580 | ||||||||||
Purchase price | $ 42,150 | $ 52,150 | |||||||||
Interest rate | 4.99% | 4.99% | |||||||||
Accrued interest | 4,723 | ||||||||||
Convertible Notes Payable [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest expense | 32,803 | $ 143,737 | |||||||||
Unamortized debt discount | $ 13,201 | 163,520 | |||||||||
G B T Technologies [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Maturity date | Dec. 31, 2022 | ||||||||||
Conversion price | 85% | ||||||||||
G B T Technologies [Member] | Series H Preferred Stock [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Value of share converted | $ 10,000,000 | ||||||||||
Note payable, interest rate | 6% | ||||||||||
Maturity date | Dec. 31, 2021 | ||||||||||
Number of shares converted | 20,000 | ||||||||||
Conversion price | $ 500 | ||||||||||
IGOR1CORP [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Convertible debt | $ 4,979,996 | ||||||||||
Accrued interest | 2,432,897 | ||||||||||
Diagonal Lending 1 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Convertible debt | 0 | 20,180 | |||||||||
Accrued interest | 0 | 6,041 | |||||||||
Diagonal Lending [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Convertible debt | 51,336 | 70,760 | |||||||||
Number of shares converted, value | $ 20,180 | ||||||||||
Number of shares converted, shares | 295,534,118 | ||||||||||
Stanley Hills L L C [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Maturity date | Jun. 30, 2024 | ||||||||||
Convertible debt | 1,231,466 | ||||||||||
Interest rate | 4.99% | ||||||||||
Number of shares converted, value | $ 170,000 | ||||||||||
Number of shares converted, shares | 2,000,000,000 | ||||||||||
Proceeds from loans | $ 1,000,000 | 325,000 | |||||||||
Conversion price | 85% | 85% | |||||||||
Principal amount | $ 750,000 | ||||||||||
Convertible note payable | $ 491,395 | 661,395 | |||||||||
Gain on debt extinguishment | 408,034 | ||||||||||
Accrued interest | $ 424,731 | ||||||||||
Note payable current | $ 1,214,900 | ||||||||||
Convertible shares | 4,420,758 | ||||||||||
Repayment of debt | $ 800,000 | ||||||||||
Interest rate | 10% | ||||||||||
Unpaid interest debt | $ 61,733 | $ 49,482 | |||||||||
Stanley Hills L L C [Member] | Convertible Debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Convertible debt | $ 126,003 |
Notes Payable, Non-related Pa_3
Notes Payable, Non-related Parties and Related Party (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Short-Term Debt [Line Items] | ||
Total notes payable | $ 366,500 | $ 377,546 |
Unamortized debt discount | (473) | (2,265) |
Notes payable | 366,027 | 375,281 |
Less current portion | (54,281) | (46,533) |
Notes payable, long-term portion | 311,746 | 328,748 |
Note 1800 [Member] | ||
Short-Term Debt [Line Items] | ||
Total notes payable | 16,500 | 27,546 |
S B A Loan [Member] | ||
Short-Term Debt [Line Items] | ||
Total notes payable | $ 350,000 | $ 350,000 |
Notes Payable, Non-related Pa_4
Notes Payable, Non-related Parties and Related Party (Details 1) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Restructuring Cost and Reserve [Line Items] | ||
Total notes payable, related party | $ 140,000 | $ 140,000 |
Unamortized debt discount | 0 | 0 |
Notes payable, net, related party | 140,000 | 140,000 |
Less current portion | (140,000) | (140,000) |
Notes payable, net, related party, long-term portion | 0 | 0 |
Alpha Eda [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Total notes payable, related party | $ 140,000 | $ 140,000 |
Notes Payable, Non-related Pa_5
Notes Payable, Non-related Parties and Related Party (Details Narrative) - USD ($) | 3 Months Ended | ||||||||
Apr. 24, 2023 | Mar. 01, 2023 | Oct. 05, 2021 | Jun. 22, 2020 | Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | Mar. 17, 2022 | Oct. 01, 2021 | |
Short-Term Debt [Line Items] | |||||||||
Value of share converted | $ 555,680 | ||||||||
Net proceeds | 0 | $ 104,300 | |||||||
Outstanding balance | 5,323,076 | $ 5,708,756 | |||||||
Debt discount | 32,803 | 147,628 | |||||||
Promissory Note [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Debt discount | 1,792 | 3,891 | |||||||
Debt Instrument, Unamortized Discount | 473 | $ 55,516 | |||||||
Diagonal Lending [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Outstanding balance | 51,336 | 70,760 | |||||||
Securities Purchase Agreement [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Principal amount | $ 5,664 | ||||||||
Accrued interest | 5,287 | 0 | 5,665 | ||||||
Value of share converted | 47,208 | ||||||||
Original issue discount | 5,058 | ||||||||
Net proceeds | $ 42,150 | ||||||||
Maturity date | Apr. 24, 2024 | ||||||||
Note payable, interest rate | 12% | ||||||||
Outstanding balance | 16,500 | 26,059 | |||||||
Securities Purchase Agreement [Member] | Diagonal Lending [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Accrued interest | $ 52,872 | ||||||||
Securities Purchase Agreement [Member] | Diagonal Lending L L C [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Interest rate | 4.99% | ||||||||
Conversion price | 75% | ||||||||
Securities Purchase Agreement [Member] | Diagonal Lending L L C 1800 [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Interest rate | 4.99% | ||||||||
Principal amount | $ 66,536 | ||||||||
Accrued interest | 6,654 | 0 | 7,129 | ||||||
Value of share converted | 59,408 | ||||||||
Original issue discount | 6,258 | ||||||||
Net proceeds | $ 53,150 | ||||||||
Maturity date | Jun. 01, 2024 | ||||||||
Note payable, interest rate | 12% | ||||||||
Principal amount | $ 7,128 | ||||||||
Conversion price | 75% | ||||||||
Outstanding balance | 0 | 1,486 | |||||||
S B A Loan [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Principal amount | 311,746 | 328,748 | $ 1,771 | ||||||
Interest rate | 3.75% | ||||||||
Proceeds from debt | $ 200,000 | ||||||||
Note payable | 38,254 | 21,252 | |||||||
Accrued interest | 40,104 | 36,832 | |||||||
Alpha Eda [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Note payable | 140,000 | 140,000 | |||||||
Accrued interest | $ 50,124 | $ 46,633 | |||||||
E I D L [Member] | S B A Loan [Member] | |||||||||
Short-Term Debt [Line Items] | |||||||||
Interest rate | 3.75% | ||||||||
Principal periodic payments | $ 731 | ||||||||
Payment term | 30 years |
Accrued Settlement (Details)
Accrued Settlement (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Accrued Settlement | ||
Accrued Settlement Payable | $ 4,090,057 | |
Accrued settlement | $ 4,090,057 | $ 4,090,057 |
Accrued Settlement (Details Nar
Accrued Settlement (Details Narrative) - USD ($) | 12 Months Ended | ||||
Dec. 23, 2019 | May 15, 2019 | Dec. 31, 2019 | Mar. 31, 2024 | Dec. 31, 2023 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Accrued settlement | $ 4,090,057 | $ 4,090,057 | |||
Investor [Member] | Senior Secured Redeemable Convertible Debenture [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Legal matter | $ 8,340,000 | ||||
Arbitrator awarded | $ 4,034,444 | ||||
Interest rate | 7.25% | ||||
Accrued cost | $ 55,613 | ||||
Gain on settlement of debt | $ 1,375,556 |
Derivative Liability (Details)
Derivative Liability (Details) - $ / shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Stock price | $ 0.0001 | $ 0.0002 |
Conversion/ Exercise price | $ 0.000085 | |
Dividend rate | 0% | 0% |
Minimum [Member] | ||
Risk free rate | 5.38% | 5.26% |
Volatility | 375% | 427% |
Conversion/ Exercise price | $ 0.000075 | |
Maximum [Member] | ||
Risk free rate | 5.46% | 5.60% |
Volatility | 538% | 502% |
Conversion/ Exercise price | $ 0.000085 |
Derivative Liability (Details 1
Derivative Liability (Details 1) | 3 Months Ended |
Mar. 31, 2024 USD ($) | |
Derivative Liability | |
Derivative liability balance, beginning | $ 14,116,062 |
Issuance of derivative liability during the period | 0 |
Fair value of beneficial conversion feature of debt converted | (694,919) |
Change in derivative liability during the period | (7,271,013) |
Derivative liability balance, ending | $ 6,150,130 |
Derivative Liability (Details N
Derivative Liability (Details Narrative) - $ / shares | Mar. 31, 2024 | Dec. 31, 2023 |
Derivative Liability | ||
Stock price | $ 0.0001 | $ 0.0002 |
Stockholders' Equity (Details)
Stockholders' Equity (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Equity [Abstract] | ||
Warrants Outstanding, Benginning | 400 | |
Weighted Average Exercise Price, Benginning | $ 1,595 | |
Weighted Average Remaining Contractual life | 7 days | 7 days |
Aggregate Intrinsic Value, Beginning | $ 0 | |
Warrants Outstanding, Granted | 0 | |
Weighted Average Exercise Price, Granted | $ 0 | |
Warrants Outstanding, Forfeited | 0 | |
Weighted Average Exercise Price, Forfeited | $ 0 | |
Warrants Outstanding, Exercised | 0 | |
Weighted Average Exercise Price, Exercised | $ 0 | |
Warrants Outstanding, Ending | 400 | 400 |
Weighted Average Exercise Price, Ending | $ 1,595 | $ 1,595 |
Aggregate Intrinsic Value, Ending | $ 0 | $ 0 |
Warrants Outstanding, Exercisable | 400 | |
Weighted Average Exercise Price, Exercisable | $ 1,595 | |
Weighted Average Remaining Contractual life, Exercisable | 7 days | |
Aggregate Intrinsic Value, Exercisable | $ 0 |
Stockholders_ Equity (Details N
Stockholders’ Equity (Details Narrative) - USD ($) | 3 Months Ended | ||||||
Jul. 20, 2023 | Oct. 26, 2021 | Jun. 17, 2019 | Mar. 31, 2024 | Dec. 31, 2023 | Oct. 12, 2023 | Jul. 07, 2022 | |
Class of Stock [Line Items] | |||||||
Common stock, par value | $ 0.00001 | $ 0.00001 | $ 0.00001 | ||||
Common stock, authorized | 30,000,000,000 | 30,000,000,000 | 30,000,000,000 | 2,000,000,000 | |||
Reverse stock split | 1 for 50 | ||||||
Connversion, converted instrument, shares | 6,559,534,118 | ||||||
Debt conversion, converted instrument, Value | $ 555,680 | ||||||
Conversion, converted instrument, Accrued interest | $ 1,880 | ||||||
common stock, shares issued | 16,813,229,180 | 10,253,695,062 | |||||
common stock, shares outstanding | 16,813,229,180 | 10,253,695,062 | |||||
Conversion price | $ 0.000085 | ||||||
Treasury shares issued | 8 | 8 | |||||
Treasury shares value | $ 11,059 | $ 11,059 | |||||
Series B Preferred Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Conversion price | $ 30 | ||||||
Preferred stock, outstanding | 45,000 | 45,000 | |||||
Series C Preferred Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Preferred stock, outstanding | 700 | 700 | |||||
Series H Preferred Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Preferred stock, outstanding | 20,000 | 20,000 | |||||
Series H Preferred Stock [Member] | Altcorp [Member] | |||||||
Class of Stock [Line Items] | |||||||
Debt conversion, converted instrument, Value | $ 10,000,000 | ||||||
Stock Issued for Acquisitions, Shares | 625,000 | ||||||
Number of shares converted | 20,000 | ||||||
Maturity date | Dec. 31, 2021 | ||||||
Dividend per share | $ 500 | ||||||
Series I Preferred Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Preferred stock, outstanding | 1,000 | 1,000 | |||||
Series I Preferred Stock [Member] | G B T [Member] | |||||||
Class of Stock [Line Items] | |||||||
Debt conversion, converted instrument, Value | $ 35,000 | ||||||
Conversion price | $ 0.0035 | ||||||
Number of shares converted | 1,000 | ||||||
Shares To Be Cancelled [Member] | |||||||
Class of Stock [Line Items] | |||||||
Shares to be cancelled, shares | 1,032 | 1,032 | |||||
Shares to be cancelled, shares | $ 632,000 | $ 632,000 | |||||
Board Of Directors [Member] | |||||||
Class of Stock [Line Items] | |||||||
Reverse stock split | 1-for-500 |
Related Parties (Details Narrat
Related Parties (Details Narrative) - USD ($) | 3 Months Ended | |||||||
Apr. 03, 2023 | Jun. 10, 2022 | Oct. 10, 2019 | Mar. 31, 2024 | Dec. 31, 2023 | Jul. 20, 2023 | Jan. 02, 2023 | Jun. 30, 2021 | |
Avant Technologies [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Proceeds from shares of common stock | $ 26,000,000 | |||||||
Tokenize [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Ownership percentage | 50% | |||||||
Shares issued | 2,000,000 | |||||||
GBT Tokenize additional shares issued | 14,000,000 | |||||||
Additional shares issued | 150,000,000 | |||||||
Yello Partners Inc [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Principal amount | $ 625,000 | $ 625,000 | ||||||
Stanley Hills L L C [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Principal amount | $ 750,000 | |||||||
Outstanding payable balance | $ 978,938 | $ 901,595 | ||||||
Consulting Agreements [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Payment for service | $ 25,000 | $ 10,000 | ||||||
Tokenize Agreement 2023 [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Number of shares issued, shares | 166,000,000 | |||||||
Number of shares issued, value | $ 50,000 | |||||||
Conversion of stock, shares | 1,000 | |||||||
Conversion of stock, value | $ 35,000 | |||||||
Conversion price | $ 0.0035 | |||||||
G B T Bit Speed [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Ownership percentage | 50% | |||||||
Tokenize [Member] | Tokenize Agreement 2020 [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Ownership percentage | 50% | |||||||
G B T Technologies Inc [Member] | Tokenize Agreement 2023 [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Ownership percentage | 50% |
Contingencies (Details Narrativ
Contingencies (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||||
Aug. 08, 2023 | Mar. 14, 2023 | Feb. 24, 2023 | Jun. 10, 2022 | Oct. 10, 2019 | Jan. 08, 2019 | Sep. 14, 2018 | Mar. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2018 | Aug. 17, 2023 | Apr. 03, 2023 | |
Share price | $ 0.0001 | $ 0.0002 | ||||||||||
Grant per share | $ 0.0008 | |||||||||||
Vision Wave [Member] | ||||||||||||
Purchase price | $ 30,000,000 | |||||||||||
Bannix [Member] | ||||||||||||
Business combination consideration paid | $ 850,000,000 | |||||||||||
Tokenize [Member] | ||||||||||||
Ownership percentage | 50% | |||||||||||
Business combination consideration paid | 42,500,000 | |||||||||||
Business combination purchase price | 30,000,000 | |||||||||||
Purchase price | $ 30,000,000 | |||||||||||
Tokenize [Member] | Series A Preferred Stock [Member] | ||||||||||||
Number of shares issued, value | $ 42,500,000 | |||||||||||
Preferred stock, par value | $ 1,000 | |||||||||||
Share price | $ 1 | |||||||||||
Beneficial ownership limitation | 4.99% | |||||||||||
Stock Pledge Agreement [Member] | ||||||||||||
Restricted shares | 4,006 | 4,006 | ||||||||||
Value of restricted shares | $ 7,610,147 | |||||||||||
Annual payment | 375,000 | |||||||||||
Installment paid | 93,750 | |||||||||||
Decrease in capital | $ 5,000,000 | |||||||||||
Cancellation of restricted shares | 4,006 | |||||||||||
Metaverse Agreements [Member] | ||||||||||||
Share issued | 500,000,000 | |||||||||||
Ownership percentage | 50% | |||||||||||
Consulting Agreements [Member] | ||||||||||||
Payment for services | $ 25,000 | $ 10,000 | ||||||||||
Settlement Agreement [Member] | ||||||||||||
Payment for settlement | $ 5,000 | |||||||||||
G B T Technologies [Member] | ||||||||||||
Revenues | $ 300,000 | $ 300,000 | ||||||||||
Payment for expenses | 5,000,000 | |||||||||||
Unearned revenue | 200,000 | |||||||||||
Due to related party fees | $ 5,000,000 | |||||||||||
Ownership percentage | 50% | |||||||||||
Number of shares sold | 26,000,000 | |||||||||||
Patent Purchase Agreement [Member] | Tokenize [Member] | ||||||||||||
Ownership percentage | 50% | |||||||||||
Pacific Captital Markets L L C [Member] | Service Agreement [Member] | ||||||||||||
Number of shares issued, value | $ 80,000 | |||||||||||
Number of shares issued, shares | 100,000,000 |
Concentrations (Details Narrati
Concentrations (Details Narrative) | Mar. 31, 2024 USD ($) |
Risks and Uncertainties [Abstract] | |
Accumulated deficit | $ 308,831,305 |
Working capital deficit | $ 23,387,928 |