BlackStar Enterprise (BEGI) 10-Q 16 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 12, 2020
Document and Entity Information [Abstract]
Entity Registrant Name	BLACKSTAR ENTERPRISE GROUP, INC.
Entity Central Index Key	0001483646
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity Shell Company	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		82,454,275
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Incorporation, State or Country Code	DE
Entity File Number	000-55730

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash	$ 23,006	$ 33,251
Prepaid expenses	3,256	10,557
Total Current assets	26,262	43,808
Fixed assets
Furniture and equipment	1,659	1,659
Accumulated depreciation	(1,659)	(1,659)
Total fixed assets
Total Assets	26,262	43,808
Current liabilities
Accounts payable	53,843	57,392
Accrued payables	18,456	3,636
Advances Related parties	19,260	41,850
Convertible notes payable, net of discounts of $105,002 and $101,648 at Sept. 30, 2020 and December 31, 2019	183,507	145,208
Notes payable	55,000	30,000
Total current liabilities	330,066	278,086
Stockholders' Deficit
Preferred stock, 10,000,000 shares authorized, $0.001 par value; 1,000,000 shares issued and outstanding	1,000	1,000
Common stock, 700,000,000 and 200,000,000 shares authorized at Sept. 30, 2020 and December 31, 2019, $0.001 par value; 74,639,153 and 48,003,443 shares issued and outstanding at Sept. 30, 2020 and December 31, 2019	74,639	48,003
Common stock to be issued
Additional paid in capital	3,004,437	2,315,655
Additional paid in capital - warrants	1,562,593	1,562,593
Additional paid in capital - debt discount of convertible note	385,073	239,073
Accumulated deficit	(5,331,546)	(4,400,602)
Total Stockholders' Deficit	(303,804)	(234,278)
Total Liabilities and Stockholders' Deficit	$ 26,262	$ 43,808

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Convertible notes payable discount	$ 105,002	$ 101,648
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	700,000,000	200,000,000
Common stock, shares issued	74,639,153	48,003,443
Common stock, shares outstanding	74,639,153	48,003,443

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenue
Operating expenses
Depreciation				300
Legal and professional	13,028	2,350	62,819	89,257
Management consulting - related party	33,500	16,400	59,910	72,830
General and administrative	10,936	9,801	40,935	27,473
Total operating expenses	57,464	28,551	163,664	189,860
Other income (expense)
Amortization of discount on convertible notes	(56,733)		(116,249)	(110,000)
Amortization of convertible debt issuance costs	(17,438)		(27,015)
Loss on note payable conversions	(277,607)		(574,715)
Warrant expense				(132,593)
Interest expense	(16,551)	(10,069)	(49,301)	(65,170)
Other income (expense)	(368,329)	(10,069)	(767,280)	(307,763)
(Loss) before provision for income taxes	(425,793)	(38,620)	(930,944)	(497,623)
Provision for income taxes
Net (loss)	$ (425,793)	$ (38,620)	$ (930,944)	$ (497,623)
Net (loss) per share - basic and diluted	$ (0.01)	$ (0.001)	$ (0.02)	$ (0.01)
Weighted average number of common shares outstanding - basic and diluted	67,576,016	52,000,000	56,747,018	52,000,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDER'S DEFICIT (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Paid in Capital [Member]	Accumulatedt Deficit [Member]	Total
Balance at Dec. 31, 2018	$ 52,000	$ 1,000	$ 3,373,353	$ (3,521,333)	$ (94,980)
Balance, shares at Dec. 31, 2018	52,000,000	1,000,000
Shares issued for interest on loans	$ 150		48,850		49,000
Shares issued for interest on loans, shares	150,000
Shares issued for conversion on notes payable	$ 300		25,700		26,000
Shares issued for conversion on notes payable, shares	299,891
Shares cancelled	$ (290)		290
Shares cancelled, shares	(289,891)
Paid in Capital - Warrants			132,593		132,593
Paid in Capital - Convertible note			110,000		110,000
Net loss				(497,623)	(497,623)
Balance at Sep. 30, 2019	$ 52,160	$ 1,000	3,690,786	(4,018,956)	(275,010)
Balance, shares at Sep. 30, 2019	52,160,000	1,000,000
Balance at Dec. 31, 2019	$ 48,003	$ 1,000	4,117,321	(4,400,602)	(234,278)
Balance, shares at Dec. 31, 2019	48,003,443	1,000,000
Adjust for shares issued directly from IHG retirement to treasury at December 31, 2019	$ (150)		150
Adjust for shares issued directly from IHG retirement to treasury, shares at December 31, 2019	(150,000)
Shares issued for conversion of notes and interest	$ 26,236		678,182		704,418
Shares issued for conversion of notes and interest, shares	26,235,710
Conversion feature of convertible note			146,000		146,000
Shares issued for loan costs at $0.02 per share	$ 550		10,450		10,450
Shares issued for loan costs at $0.02 per share, shares	550,000
Net loss				(930,944)	(930,944)
Balance at Sep. 30, 2020	$ 74,639	$ 1,000	$ 4,952,103	$ (5,331,546)	$ (303,804)
Balance, shares at Sep. 30, 2020	74,639,153	1,000,000

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDER'S DEFICIT (Unaudited) (Parenthetical)	Sep. 30, 2020$ / shares
Statement of Stockholders' Equity [Abstract]
Shares issued price per share	$ 0.02

CONSOLIDATED STATEMENTS OF CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows From Operating Activities
Net income (loss)	$ (930,944)	$ (497,623)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation		300
Convertible note discount		110,000
Amortization of convertible note issue costs	27,015
Amortization of discounts on convertible notes	116,249
Amortization of prepaid interest	10,503
Loss on conversion of notes payable	574,715
Interest and loan fees paid in stock	36,355
Warrant expense		132,593
Changes in operating assets and liabilities
Decrease (increase) in prepaids	7,301	(3,782)
Increase (decrease) in accounts payable	(3,549)	42,763
Increase (decrease) in accrued payables	9,700	9,952
Cash used in operating activities	(152,655)	(205,797)
Cash Flows From Investing Activities
Cash used in investing activities
Cash Flows From Financing Activities
Proceeds from sales of common stock		75,000
Increase in notes payable	165,000	114,000
Increase in advances from related party		10,478
Repayments of advances from related party	(22,590)
Net cash provided by financing activities	142,410	199,478
Net increase (decrease) in cash	(10,245)	(6,319)
Cash, beginning of period	33,251	6,319
Cash, end of period	23,006
Supplemental disclosure
Cash paid for interest	1,650	10,000
Supplemental disclosure of non-cash investing and financing activities
Common stock to be issued for loan costs	11,000
Note payable and interest converted to common stock	$ 129,703	$ 26,000

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2020
Nature Of Operations And Basis Of Presentation
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION BlackStar Enterprise Group, Inc. (the “Company” or “BlackStar”) was incorporated in the State of Delaware on December 18, 2007 as NPI08, Inc. (“NPI08”). The Company changed its name to Blackstar Energy Group, Inc., a Colorado corporation, in 2010 and was active in the energy industry for several years, subsequently becoming inactive until 2016 when new management and capital were introduced. On January 25, 2016, International Hedge Group, Inc. (“IHG”) signed an agreement to acquire a 95% interest in the Company, and in August 2016 the name was changed to BlackStar Enterprise Group, Inc. In lieu of the 95% of common shares originally agreed upon, IHG received 44,400,000 shares of common stock, of which IHG currently owns 4,792,702 due to anti-dilutive cancellation of shares by management (approximately 10% of outstanding common stock), and 1,000,000 of Class A Preferred Stock. IHG is our controlling shareholder and is engaged in providing management services and capital consulting to companies. IHG and BlackStar are currently managed and controlled by two individuals each of whom is a beneficial owner of an additional 9% of the Company’s common stock The Company intends to act as a merchant banking firm seeking to facilitate venture capital to early stage revenue companies. BlackStar intends to offer consulting and regulatory compliance services to crypto-equity companies and blockchain entrepreneurs for securities, tax, and commodity issues. BlackStar is conducting ongoing analysis for opportunities in involvement in crypto-related ventures through a wholly-owned subsidiary, Crypto Equity Management Corp (“CEMC”). BlackStar intends to serve businesses in their early corporate lifecycles and may provide funding in the forms of ventures in which they control the venture until divestiture or spin-off by developing the businesses with capital. BlackStar formed a subsidiary nonprofit company, Crypto Industry SRO Inc. (“Crypto”) in 2017. Crypto business plan is to act as a self-regulatory membership organization for the crypto-equity industry and set guidelines and best-practice rules by which industry members would abide. BlackStar will provide management of this entity under a services contract. Basis of presentation The accompanying unaudited financial statements have been prepared in accordance with United States generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial statements for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. These unaudited financial statements are condensed and should be read in conjunction with those financial statements included in the Form 10-K and interim disclosures generally do not repeat those in the annual statements. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2020
Going Concern [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN The Company's financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the financial statements for the nine months ended September 30, 2020 and the year ended December 31, 2019, the Company has generated no revenues and has incurred losses. As of September 30, 2020, the Company had cash of $23,006, negative working capital of ($303,804) and an accumulated deficit of ($5,331,546). These conditions raise substantial doubt as to the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The continuation of the Company as a going concern is dependent upon the ability to raise equity or debt financing, and the attainment of profitable operations from the Company's planned business. Management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
Summary Of Significant Accounting Policies
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting policies refer to specific accounting principles and the methods of applying those principles to fairly present the Company’s financial position and results of operations in accordance with generally accepted accounting principles. The policies discussed below include those that management has determined to be the most appropriate in preparing the Company’s financial statements and are not discussed in a separate footnote. Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and reflect our accounts and operations and those of our subsidiaries and include the accounts of BlackStar Enterprise Group, Inc. and its wholly owned subsidiaries, Crypto Equity Management Corp (“CEMC”) and Crypto Industry SRO Inc . All significant intercompany accounts and transactions have been eliminated in consolidation. Cash and cash equivalents The Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties and all highly liquid investments with an original maturity of three months or less as cash equivalents. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At September 30, 2020 and December 31, 2019, the Company had no deposits in excess of the FDIC insured limits. Revenue recognition The Company recognizes revenue under ASC 606, using the following five-step model, which requires that we: (1) identify a contract with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to performance obligations and (5) recognize revenue as performance obligations are satisfied. The Company currently has no sources of revenue. Basic and Diluted Loss per Share The Company computes loss per share in accordance with Accounting Standards Update (“ASU”), Earnings per Share (Topic 260) Income Taxes The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. The Company maintains a valuation allowance with respect to deferred tax asset. Blackstar Enterprise Group establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under Federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the reliability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change estimate. Carrying Value, Recoverability and Impairment of Long-Lived Assets The Company has adopted paragraph 360-10-35-17 of FASB Accounting Standards Codification for its long-lived assets. The Company’s long –lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the assets expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. The Company considers the following to be some examples of important indicators that may trigger an impairment review; (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company’s overall strategy with respect to the manner of use of the acquired assets or changes in the Company’s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company’s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates acquired assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events. The impairment charges, if any, are included in operating expenses in the accompanying statements of operations. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company’s significant estimates include income taxes provision and valuation allowance of deferred tax assets; the fair value of financial instruments; the carrying value and recoverability of long-lived assets, and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Fair Value of Financial Instruments The estimated fair values of financial instruments were determined by management using available market information and appropriate valuation methodologies. The carrying amounts of financial instruments including cash approximate their fair value because of their short maturities. Long Lived Assets In accordance with ASC 350 the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances both internally and externally that suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value. Stock-based Compensation The Company accounts for stock-based compensation issued to employees based on FASB accounting standard for Share Based Payment. It requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award – the requisite service period (usually the vesting period). It requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The scope of the FASB accounting standard includes a wide range of share-based compensation arrangements including share options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. The Company currently has no stock-based compensation plan in place. Comprehensive Income (Loss) Comprehensive income (loss) is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments in investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. From our inception, there have been no differences between our Comprehensive loss and net loss. Our comprehensive loss was identical to our net loss for the nine months ended September 30, 2020 and 2019. Original Issue Discount For certain convertible debt issued, the Company provides the debt holder with an original issue discount. The original issue discount is recorded as a debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt. Derivative Financial Instruments Fair value accounting as required by ASC 815 – Derivatives and Hedging, requires bifurcation of embedded derivative instruments such as certain convertible features in convertible debt or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the Black-Scholes option pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments. Recent pronouncements Management has evaluated accounting standards and interpretations issued but not yet effective as of September 30, 2020 and does not expect such pronouncements to have a material impact on the Company’s financial position, operations, or cash flows. Reclassifications

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	9 Months Ended
	Sep. 30, 2020
Stockholders Deficit
STOCKHOLDERS' DEFICIT	NOTE 4 – STOCKHOLDERS’ DEFICIT Preferred Stock The Company has an authorized number of preferred shares of 10,000,000, with a par value of $0.001 per share. On August 25, 2016, the Company issued 1,000,000 shares of its preferred series A stock to IHG in fulfillment of the purchase agreement. These shares are convertible at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company. As at September 30, 2020 there are 1,000,000 preferred series A shares issued and outstanding. Common Stock As of December 31, 2019, the authorized number of common shares of the Company was 200,000,000, with a par value of $0.001 per share, On March 10, 2020, the Company’s shareholders voted to increase the Company’s authorized common shares to 700,000,000. As of September 30, 2020, and December 31, 2019, the total number of common shares outstanding was 74,639,153 and 48,003,443, respectively. The number of shares outstanding at September 30, 2020 was reduced by 150,000 in order to reflect that shares previously reported as outstanding as of December 31, 2019, but yet to be issued by the Company were, in fact, issued from the block of shares that were returned to treasury by IHG. The share quantity was deemed by management to be not material therefore not requiring an amendment of the Form 10-K for the year ended December 31, 2019 that was previously filed. During the nine months ended September 30, 2020, the Company issued shares of its common stock as follows: · 26,235,710 shares for conversion of $129,703 principal, interest and fees on convertible notes payable, and recognized a loss on note payable conversions of $574,715. · 150,000 shares, valued at $3,000 ($0.02 per share) as consideration for extension of notes originally dated April 29, 2019, as extended, for an additional six months through October 29, 2020. · 400,000 shares valued at $8,000 ($0.02 per share) as partial consideration for an aggregate $25,000 of loans made to the Company on May 18, 2020.

WARRANTS

WARRANTS	9 Months Ended
	Sep. 30, 2020
Compensation Related Costs [Abstract]
WARRANTS	NOTE 5 – WARRANTS A summary of warrant activity during the nine months ended September 30, 2020 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding and exercisable – December 31, 2019 540,000 $ .31 3.99 Granted — Exercised — Expired — Outstanding and exercisable – September 30, 2020 540,000 $ .31 3.24

CONVERTIBLE NOTES

CONVERTIBLE NOTES	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
CONVERTIBLE NOTES	NOTE 6 – CONVERTIBLE NOTES AUCTUS FUND On April 26, 2019, the Company entered into a financing arrangement with Auctus Fund LLC. The face value of the note is $110,000 at an interest rate of 12% and the maturity date is January 26, 2020. As of January 26, 2020, the Company is in default with the payments required by the note and is therefore subject to a default rate of 24%. At the time of the disbursement the Company received $97,250 net cash proceeds, as there was a deduction from proceeds to the Company of $2,750 for legal fees related to the issuance of the promissory note and a deduction of $10,000 as prepaid interest to the lender of which $1,111 was expensed. The repayment is a lump sum payment on the due date or is convertible into Company common stock at the discretion of the lender. The conversion, if chosen, will be at 50% of the two lowest trading days in the previous ten-day period prior to the date of conversion. This represents a discount of fifty percent (50%). The number of shares to be issued in the conversion will be calculated as follows: the average price of the two lowest trading days of the preceding the days will be multiplied by 0.50 ((to arrive at the discount factor) and then the resulting price will be divided into the principal and accrued interest resulting in the number of shares due. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are also 440,000 warrants attached to this note with an exercise price of $0.25 and a life of 5 years. The Company has recorded the conversion feature as a Beneficial Conversion Feature. The fair value of $110,000 for the expense portion of the note is being amortized over the term of the note. This fair value has been determined based on the current trading prices of the Company’s common stock. Management has determined that this treatment is appropriate given the uncertain nature of the value of the Company and its stock, and there will be no revaluations until the note is paid or redeemed for stock. The Company has accounted for the value of the warrants using the Black-Scholes model with a stock price of $0.38, volatility of 98%, risk free rate of 2.25% and a life of 5 years. Within these parameters the Company has recorded a warrant expense of $132,593. During the nine months ended September 30, 2020, the lender converted an aggregate $33,939 of principal, interest and fees on the note into 11,830,995 shares of common stock of the Company. The Company has recognized a loss on conversion of $156,345, based on the difference between the trading price and the value of the debt converted. GS CAPITAL PARTNERS On November 1, 2019 the Company entered into a financing arrangement with GS Capital Partners LLC. The face value of the note is $70,000 at an interest rate of 10% and the maturity date is November 1, 2020. At the time of the disbursement the Company received $54,450 net cash proceeds, as there was a deduction from proceeds to the Company of $3,500 for legal fees related to the issuance of the promissory note, $6,000 as prepaid interest and $6,050 as a note placement expense. The repayment is a lump sum payment on the due date or is convertible into Company common stock at the discretion of the lender. The conversion, if chosen, will be at 50% of the two lowest trading days in the previous ten-day period prior to the date of conversion. This represents a discount of fifty percent (50%). The number of shares to be issued in the conversion will be calculated as follows: the average price of the two lowest trading days of the preceding the days will be multiplied by 0.50 (to arrive at the discount factor) and then the resulting price will be divided into the principal and accrued interest resulting in the number of shares due. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are no warrants or options attached to this note. The Company has recorded the conversion feature as a Beneficial Conversion Feature. The fair value of $38,032 for the expense portion of the note is being amortized over the term of the note. This fair value has been determined based on the current trading prices of the Company’s common stock. Management has determined that this treatment is appropriate given the uncertain nature of the value of the Company and its stock, and there will be no revaluations until the note is paid or redeemed for stock. During the nine months ended September 30, 2020, the lender converted an aggregate $21,107 of principal and interest on the note into 2,329,031 shares of common stock of the Company. The Company has recognized a loss on conversion of $118,635, based on the difference between the trading price and the value of the debt converted. ADAR ALEF On November 4, 2019 the Company entered into a financing arrangement with Adar Alef, LLC. The face value of the note is $70,000 at an interest rate of 10% and the maturity date is November 1, 2020. At the time of the disbursement the Company received $54,450 net cash proceeds, as there was a deduction from proceeds to the Company of $3,500 for legal fees related to the issuance of the promissory note, $6,000 as prepaid interest and $6,050 as a note placement expense. The repayment is a lump sum payment on the due date or is convertible into Company common stock at the discretion of the lender. The conversion, if chosen, will be at 50% of the two lowest trading days in the previous ten-day period prior to the date of conversion. This represents a discount of fifty percent (50%). The number of shares to be issued in the conversion will be calculated as follows: the average price of the two lowest trading days of the preceding the days will be multiplied by 0.50 (to arrive at the discount factor) and then the resulting price will be divided into the principal and accrued interest resulting in the number of shares due. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are no warrants or options attached to this note. The Company has recorded the conversion feature as a Beneficial Conversion Feature. The fair value of $38,040 for the expense portion of the note is being amortized over the term of the note. This fair value has been determined based on the current trading prices of the Company’s common stock. Management has determined that this treatment is appropriate given the uncertain nature of the value of the Company and its stock, and there will be no revaluations until the note is paid or redeemed for stock. During the nine months ended September 30, 2020, the lender converted the total of principal and interest due on the note of $74,656 into 12,075,684 shares of common stock of the Company. The Company has recognized a loss on conversion of $299,735, based on the difference between the trading price and the value of the debt converted. POWER UP LENDING GROUP On May 21, 2020, the Company entered into a financing agreement with Power Up (“Power UP”) to borrow $103,000 with a due date of May 21, 2021. The note bears interest at 10%, with a default rate of 22%, and is convertible, commencing 180 days after the date of issuance. The conversion price is to be calculated at 61% of the lowest trading price of the Company’s common stock for the previous 20 trading days prior to the date of conversion. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are no warrants or options attached to this note. The Company has reserved 63,319,672 shares for conversion. Net proceeds from the loan were $100,000, after legal fees and offering costs of $3,000. These fees and costs are being amortized over the term of the note. The Company has recorded the conversion feature as a Beneficial Conversion Feature. The fair value of $103,000 for the expense portion of the note is being amortized over the term of the note. This fair value has been determined based on the trading price of the Company’s common stock as of the date of the note. Management has determined that this treatment is appropriate given the uncertain nature of the value of the Company and its stock, and there will be no revaluations until the note is paid or redeemed for stock. On July 24, 2020, the Company entered into a financing agreement with Power Up to borrow $43,000 with a due date of July 24, 2021. The note bears interest at 10%, with a default rate of 22%, and is convertible, commencing 180 days after the date of issuance. The conversion price is to be calculated at 61% of the lowest trading price of the Company’s common stock for the previous 20 trading days prior to the date of conversion. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are no warrants or options attached to this note. The Company has reserved 41,876,318 shares for conversion. Net proceeds from the loan were $40,000, after legal fees and offering costs of $3,000. These fees and costs are being amortized over the term of the note. The Company has recorded the conversion feature as a Beneficial Conversion Feature. The fair value of $43,000 for the expense portion of the note is being amortized over the term of the note. This fair value has been determined based on the trading price of the Company’s common stock as of the date of the note. Management has determined that this treatment is appropriate given the uncertain nature of the value of the Company and its stock, and there will be no revaluations until the note is paid or redeemed for stock. On September 24, 2020, the Company enter into a financing agreement with Power Up to borrow $53,000. Initial funding was made by Power Up on October 8, 2020, and as a result no liability has been recorded as of September 30, 2020. (See Note 9).

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2020
Notes Payable [Abstract]
NOTES PAYABLE	NOTE 7 – NOTES PAYABLE On April 24, 2019, the Company was loaned $20,000 from an unrelated individual. The note was due October 24, 2019 with an interest rate of 11%. In addition, the individual received 100,000 shares of restricted common stock. These shares were valued at $30,000 which represents the trading price as of the date indicated and were recorded to interest expense. On December 13, 2019, the Company negotiated a six-month extension with the lender and paid $1,100 cash for accrued interest and issued 100,000 shares of common stock as an additional inducement for the extension. The stock was valued at $0.027 per share per the loan agreement, resulting in $2,700 of interest expense based on the stock’s closing price on that date. On April 24, 2020, the lender agreed to a second six-month extension through October 24, 2020. As consideration for entering into the extension, the Company agreed to pay the lender accrued interest on the note of $1,100 and to issue 100,000 shares of the Company’s common stock, valued at $0.02 per share, the closing price of the stock as of the extension agreement date. The $2,000 value of the shares was recorded as interest expense and included in Common Stock to be Issued. As of June 30, 2020, the interest due had not been paid nor had the shares of common stock been issued. On April 29, 2019, the Company was loaned $10,000 from an unrelated individual. The note was due on October 29, 2019 with an interest rate of 11%. In addition, the individual received 50,000 shares of restricted common stock. These shares were valued at $19,000 which represents the trading price as of the date indicated and recorded to interest expense. On December 13, 2019, the Company negotiated a six-month extension with the lender and paid $550 cash for accrued interest and issued 50,000 shares of common stock as an additional inducement for the extension. The stock was valued at $0.027 per share per the loan agreement, resulting in $1,350 of interest expense based on the stock’s closing price on that date. On April 29, 2020, the lender agreed to a second six-month extension through October 29, 2020. As consideration for entering into the extension, the Company agreed to pay the lender accrued interest on the note of $550 and to issue 50,000 shares of the Company’s common stock, valued at $0.02 per share, the closing price of the stock as of the extension agreement date. The $1,000 value of the shares was recorded as interest expense and included in Common Stock to be Issued. As of June 30, 2020, the interest due had not been paid nor had the shares of common stock been issued. On May 18, 2020, the Company entered into loan agreements with two unrelated individuals, who are current note holders in the aggregate amount of $30,000. Each of the new loans is for $12,500, an aggregate $25,000. The notes are due November 18, 2020 with interest at 11%. The notes may be prepaid at any time but in the event of the prepayment the full amount of principal and interest will required to be paid. In the event that the Company is unable to make payment on the due date the default interest rate will continue at 11% but the Company is obligated to issue 500,000 shares of its common stock to each lender. As additional consideration for entering into the loans, each individual shall be issued 200,000 shares of common stock, an aggregate 400,000 shares. The shares are valued at $0.02 per share, the closing price of the Company’s common stock as of the date of the loan. The $8,000 value ascribed to the shares has been capitalized as prepaid interest and is being amortized over the six-month term of the loans.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it must rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. The advances are considered temporary in nature and have not been formalized by a promissory note. IHG, controlling shareholder of the Company, provides management consulting services to the Company. There is no formal written agreement that defines the compensation to be paid. For the nine months ended September 30, 2020 and 2019 the Company recorded related party management fees of $59,510 and $72,830 respectively. For the three months ended September 30, 2020 and 2019 the Company recorded related party management fees of $33,500 and $16,400 respectively. During the nine months ended September 30, 2020 there were no advances from related parties, and the Company repaid $22,590 to its parent company, International Hedge Group, Inc. At September 30, 2020, an officer of the Company, was owed $480; and a former officer of the Company, was owed $18,780.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS On October 5, 2020, the Company issued 199,222 shares of its common stock, valued at $0.0257 per share, as consideration for financing services rendered to the Company in 2019. At September 30, 2020, the value of the shares issued of $5,120 was included in accrued liabilities. On October 5, 2020, the Company issued 3,697,000 shares of common stock, valued at $0.00513 per share, as consideration for conversion of note principal, interest and loan fees in the aggregate amount of $18,966. The conversion notice was dated September 29, 2020, but the Company was notified of the conversion and the shares issued on October 5, 2020, so the Company has chosen to treat the conversion as occurring in the subsequent period. On October 8, 2020, the Company received the proceeds from a financing agreement entered into with Power Up Lending Group on September 24, 2020 to borrow $53,000. The note bears interest at 10%, with a default rate of 22%, and is convertible, commencing 180 days after the date of issuance. The conversion price is to be calculated at 61% of the lowest trading price of the Company’s common stock for the previous 20 trading days prior to the date of conversion. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are no warrants or options attached to this note, and the Company has reserved 25,429,828 shares for conversion. Net proceeds from the loan were $50,000, after legal fees and offering costs of $3,000. On October 28, 2020, the Company issued 3,918,900 shares of common stock, valued at $0.009 per share, as consideration for conversion of note principal, interest and loan fees in the aggregate amount of $35,270. The Company has analyzed its operations subsequent to September 30, 2020 through the date these financial statements were issued and has determined that it does not have any additional material subsequent events to disclose.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and reflect our accounts and operations and those of our subsidiaries and include the accounts of BlackStar Enterprise Group, Inc. and its wholly owned subsidiaries, Crypto Equity Management Corp (“CEMC”) and Crypto Industry SRO Inc . All significant intercompany accounts and transactions have been eliminated in consolidation.
Cash and cash equivalents	Cash and cash equivalents The Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties and all highly liquid investments with an original maturity of three months or less as cash equivalents. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At September 30, 2020 and December 31, 2019, the Company had no deposits in excess of the FDIC insured limits.
Revenue recognition	Revenue recognition The Company recognizes revenue under ASC 606, using the following five-step model, which requires that we: (1) identify a contract with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to performance obligations and (5) recognize revenue as performance obligations are satisfied. The Company currently has no sources of revenue.
Basic and Diluted Loss per Share	Basic and Diluted Loss per Share The Company computes loss per share in accordance with Accounting Standards Update (“ASU”), Earnings per Share (Topic 260)
Income Taxes	Income Taxes The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. The Company maintains a valuation allowance with respect to deferred tax asset. Blackstar Enterprise Group establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under Federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the reliability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change estimate.
Carrying Value, Recoverability and Impairment of Long-Lived Assets	Carrying Value, Recoverability and Impairment of Long-Lived Assets The Company has adopted paragraph 360-10-35-17 of FASB Accounting Standards Codification for its long-lived assets. The Company’s long –lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the assets expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. The Company considers the following to be some examples of important indicators that may trigger an impairment review; (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company’s overall strategy with respect to the manner of use of the acquired assets or changes in the Company’s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company’s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates acquired assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events. The impairment charges, if any, are included in operating expenses in the accompanying statements of operations.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company’s significant estimates include income taxes provision and valuation allowance of deferred tax assets; the fair value of financial instruments; the carrying value and recoverability of long-lived assets, and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.
Fair value of Financial Instruments	Fair Value of Financial Instruments The estimated fair values of financial instruments were determined by management using available market information and appropriate valuation methodologies. The carrying amounts of financial instruments including cash approximate their fair value because of their short maturities.
Long Lived Assets	Long Lived Assets In accordance with ASC 350 the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances both internally and externally that suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value.
Stock-based Compensation	Stock-based Compensation The Company accounts for stock-based compensation issued to employees based on FASB accounting standard for Share Based Payment. It requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award – the requisite service period (usually the vesting period). It requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The scope of the FASB accounting standard includes a wide range of share-based compensation arrangements including share options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. The Company currently has no stock-based compensation plan in place.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments in investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. From our inception, there have been no differences between our Comprehensive loss and net loss. Our comprehensive loss was identical to our net loss for the nine months ended September 30, 2020 and 2019.
Original Issue Discount	Original Issue Discount For certain convertible debt issued, the Company provides the debt holder with an original issue discount. The original issue discount is recorded as a debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.
Derivative Financial Instruments	Derivative Financial Instruments Fair value accounting as required by ASC 815 – Derivatives and Hedging, requires bifurcation of embedded derivative instruments such as certain convertible features in convertible debt or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the Black-Scholes option pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.
Recent Pronouncements	Recent pronouncements Management has evaluated accounting standards and interpretations issued but not yet effective as of September 30, 2020 and does not expect such pronouncements to have a material impact on the Company’s financial position, operations, or cash flows.
Reclassifications	Reclassifications

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Summary of Warrants Activity	A summary of warrant activity during the nine months ended September 30, 2020 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding and exercisable – December 31, 2019 540,000 $ .31 3.99 Granted — Exercised — Expired — Outstanding and exercisable – September 30, 2020 540,000 $ .31 3.24

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details)	1 Months Ended		9 Months Ended
	Aug. 25, 2016shares	Jan. 25, 2016shares	Sep. 30, 2020shares	Dec. 31, 2019shares
Schedule of Equity Method Investments [Line Items]
Shares issued to parent entity			74,639,153	48,003,443
Series A Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Shares issued to parent entity			1,000,000
Convertion rate of common shares to preferred stock			1
Common Stock [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Company purchased			9.00%
International Hedge Group, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Company purchased		95.00%
International Hedge Group, Inc. [Member] | Series A Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Shares issued to parent entity	1,000,000
Percentage of shares held under anti-dilutive cancellation			10.00%
Shares subject to anti-dilutive cancellation of shares		4,792,702
Convertion rate of common shares to preferred stock	1
International Hedge Group, Inc. [Member] | Common Stock [Member]
Schedule of Equity Method Investments [Line Items]
Shares issued to parent entity		44,400,000
International Hedge Group, Inc. [Member] | Class A Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Shares issued to parent entity		1,000,000

GOING CONCERN (Details)

GOING CONCERN (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Going Concern [Abstract]
Cash	$ 23,006
Negative working capital	(303,804)
Accumulated deficit	$ (5,331,546)	$ (4,400,602)

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	Sep. 30, 2020USD ($)
Summary Of Significant Accounting Policies Narrative
Cash FDIC Insured Amount	$ 250,000

STOCKHOLDERS' DEFICITT (Details

STOCKHOLDERS' DEFICITT (Details)	1 Months Ended				6 Months Ended	9 Months Ended
	May 18, 2020USD ($)$ / sharesshares	Apr. 29, 2020$ / sharesshares	Apr. 24, 2020$ / sharesshares	Aug. 25, 2016shares	Oct. 29, 2019shares	Sep. 30, 2020USD ($)$ / sharesshares	Mar. 10, 2020shares	Dec. 31, 2019$ / sharesshares
Class of Stock [Line Items]
Common stock, par value per share | $ / shares		$ 0.02	$ 0.02			$ 0.001		$ 0.001
Common stock, shares authorized						700,000,000	700,000,000	200,000,000
Common stock, shares outstanding						74,639,153		48,003,443
Preferred stock, par value per share | $ / shares						$ 0.001		$ 0.001
Preferred stock, shares authorized						10,000,000		10,000,000
Preferred stock, shares issued						1,000,000		1,000,000
Preferred stock, shares outstanding						1,000,000		1,000,000
Debt conversion shares issued		50,000	100,000
Debt conversion shares issued, value | $						$ 704,418
Shares issued price per share | $ / shares						$ 0.02
Shares issued to parent entity						74,639,153		48,003,443
Common stock for conversion [Member]
Class of Stock [Line Items]
Debt conversion shares issued						26,235,710
Debt conversion shares issued, value | $						$ 129,703
Loss on note payable conversions | $						574,715
Shares issued, value | $						$ 3,000
Shares issued price per share | $ / shares						$ 0.02
Common stock for conversion [Member] | Two individuals as partial consideration for loans [Member]
Class of Stock [Line Items]
Debt conversion shares issued, value | $	$ 25,000
Shares issued	400,000				150,000
Shares issued, value | $	$ 8,000
Shares issued price per share | $ / shares	$ 0.02
Reduction [Member]
Class of Stock [Line Items]
Common stock, shares outstanding						150,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Shares issued to parent entity						1,000,000
Convertion rate of common shares to preferred stock						1
International Hedge Group, Inc. [Member] | Series A Preferred Stock [Member]
Class of Stock [Line Items]
Shares issued to parent entity				1,000,000
Convertion rate of common shares to preferred stock				1

WARRANTS (Schedule of Warrant A

WARRANTS (Schedule of Warrant Activity) (Details) - Warrant [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance	540,000
Granted
Exercised
Expired
Balance	540,000	540,000
Balance	$ 0.31
Balance	$ 0.31	$ 0.31
Balance	3 years 2 months 27 days	3 years 11 months 26 days

CONVERTIBLE NOTES (Details)

CONVERTIBLE NOTES (Details) - USD ($)	Nov. 04, 2019	Nov. 02, 2019	Jul. 24, 2020	May 21, 2020	Apr. 29, 2020	Apr. 24, 2020	Apr. 29, 2019	Apr. 26, 2019	Apr. 24, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 24, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Convertible note										$ 183,507		$ 183,507			$ 145,208
Interest rate							11.00%		11.00%
Maturity date							Oct. 29, 2019		Oct. 24, 2019
Legal fees										$ 13,028	$ 2,350	$ 62,819	$ 89,257
Average price of share										$ 0.02		$ 0.02
Debt convert amount												$ 704,418
Debt conversion shares issued					50,000	100,000
Loss on debt conversion										$ (277,607)		$ (574,715)
Common stock, shares issued										74,639,153		74,639,153			48,003,443
Beneficial Conversion Feature												$ 146,000
Accrued interest outstanding					$ 550	$ 1,100
Note payable							$ 10,000		$ 20,000	$ 55,000		55,000			$ 30,000
Auctus Fund, LLC [Member]
Short-term Debt [Line Items]
Convertible note								$ 110,000
Interest rate								12.00%
Maturity date								Jan. 26, 2020
Default rate of interest								24.00%
Company received net cash proceed								$ 97,250
Legal fees								2,750
Prepaid interest								$ 10,000
Percentage of conversion								50.00%
Percentage of discount								50.00%
Average price of share								$ 0.50
Percentag of limit amount of stock								4.99%
Convertible note expense								$ 1,111
Warrants term								5 years
Exercise price								$ 0.25
Debt convert amount												$ 33,939
Debt conversion shares issued												11,830,995
Loss on debt conversion												$ 156,345
Warrants outstanding								440,000
Beneficial Conversion Feature								$ 110,000
Black-Scholes [Member] | Warrant [Member]
Short-term Debt [Line Items]
Stock price								$ 0.38
Volatility								98.00%
Risk free rate								2.25%
Expected life								5 years
Warrant expense								$ 132,593
GS Capital Partners LLC [Member]
Short-term Debt [Line Items]
Interest rate		10.00%
Maturity date		Nov. 1, 2020
Company received net cash proceed		$ 54,450
Legal fees		3,500
Prepaid interest		$ 6,000
Percentage of conversion		50.00%
Percentage of discount		50.00%
Average price of share		$ 0.50
Percentag of limit amount of stock		4.99%
Convertible note expense		$ 6,050
Fair value of expense portion of note amortized												38,032
Debt convert amount		$ 70,000										$ 21,107
Debt conversion shares issued												2,329,031
Loss on debt conversion												$ 118,635
Adar Alef, LLC [Member]
Short-term Debt [Line Items]
Interest rate	10.00%
Maturity date	Nov. 1, 2020
Company received net cash proceed	$ 54,450
Legal fees	3,500
Prepaid interest	$ 6,000
Percentage of conversion	50.00%
Percentage of discount	50.00%
Average price of share	$ 0.50
Percentag of limit amount of stock	4.99%
Convertible note expense	$ 6,050
Fair value of expense portion of note amortized												38,040
Debt convert amount	$ 70,000											$ 74,656
Debt conversion shares issued												12,075,684
Loss on debt conversion												$ 299,735
Power Up ("Power UP") [Member]
Short-term Debt [Line Items]
Convertible note				$ 103,000
Interest rate				10.00%
Maturity date				May 21, 2021
Default rate of interest				22.00%
Company received net cash proceed				$ 100,000
Legal fees				$ 3,000
Shares reserved for conversion				63,319,672
Percentage of conversion				61.00%
Percentag of limit amount of stock				4.99%
Fair value of expense portion of note amortized												103,000
Power Up [Member]
Short-term Debt [Line Items]
Convertible note			$ 43,000
Interest rate			10.00%
Maturity date			Jul. 24, 2021
Default rate of interest			22.00%
Company received net cash proceed			$ 40,000
Legal fees			$ 3,000
Shares reserved for conversion			41,876,318
Percentage of conversion			61.00%
Percentag of limit amount of stock			4.99%
Fair value of expense portion of note amortized												$ 43,000
Power Up [Member]
Short-term Debt [Line Items]
Convertible note														$ 53,000

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - USD ($)	Dec. 13, 2019	May 18, 2020	Apr. 29, 2020	Apr. 24, 2020	Apr. 29, 2019	Apr. 24, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Note payable					$ 10,000	$ 20,000	$ 55,000		$ 55,000		$ 30,000
Interest rate					11.00%	11.00%
Restricted stock shares issued to individual, shares					50,000	100,000
Restricted stock shares issued to individual					$ 19,000	$ 30,000
Maturity date					Oct. 29, 2019	Oct. 24, 2019
Accrued interest outstanding			$ 550	$ 1,100
Common stock, shares issued			50,000	100,000
Common stock, par value per share			$ 0.02	$ 0.02			$ 0.001		$ 0.001		$ 0.001
Interest expense			$ 1,000	$ 2,000			$ 16,551	$ 10,069	$ 49,301	$ 65,170
Common Stock to be Issued
Tranche One [Member]
Debt Instrument [Line Items]
Accrued interest outstanding	$ 1,100
Common stock, shares issued	100,000
Common stock, par value per share	$ 0.027
Interest expense	$ 2,700
Tranche Two [Member]
Debt Instrument [Line Items]
Accrued interest outstanding	$ 550
Common stock, shares issued	50,000
Common stock, par value per share	$ 0.027
Interest expense	$ 1,350
Two unrelated individuals [Member]
Debt Instrument [Line Items]
Note payable		$ 30,000
Interest rate		11.00%
Default rate of interest		11.00%
Maturity date		Nov. 18, 2020
Prepaid interest		$ 8,000
Common stock, shares issued		500,000
Common stock, par value per share		$ 0.02
Two unrelated individuals [Member] | Each of the new loans [Member]
Debt Instrument [Line Items]
Note payable		$ 12,500
Two unrelated individuals [Member] | Aggregate Loan [Member]
Debt Instrument [Line Items]
Note payable		$ 25,000
Two unrelated individuals [Member] | Aggregate shares [Member]
Debt Instrument [Line Items]
Common stock, shares issued		400,000
Two unrelated individuals [Member] | Each individual shares [Member]
Debt Instrument [Line Items]
Common stock, shares issued		200,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Management consulting expense	$ 33,500	$ 16,400	$ 59,910	$ 72,830
Amoutn owed to related party	19,260		19,260		$ 41,850
Officer [Member]
Related Party Transaction [Line Items]
Amoutn owed to related party	480		480
Officer One [Member]
Related Party Transaction [Line Items]
Amoutn owed to related party	18,780		18,780
International Hedge Group, Inc. [Member]
Related Party Transaction [Line Items]
Amoutn owed to related party	$ 22,590		$ 22,590

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Oct. 08, 2020	Oct. 05, 2020	Oct. 28, 2020	Apr. 29, 2020	Apr. 24, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Subsequent Event [Line Items]
Debt conversion shares issued				50,000	100,000
Debt conversion shares issued, value								$ 704,418
Accrued liabilities						$ 5,120		5,120
Legal fees						$ 13,028	$ 2,350	$ 62,819	$ 89,257
Subsequent Event [Member] | Power Up Lending Group [Member]
Subsequent Event [Line Items]
Short term borrowings	$ 53,000
Interest rate of notes	10.00%
Default rate of interest	22.00%
Offering costs	$ 50,000
Legal fees	$ 3,000
Reserve of shares for conversion	25,429,828
Conversion price calculation percentage	61.00%
Percentag of limit amount of stock	4.99%
Subsequent Event [Member] | Transaction One [Member]
Subsequent Event [Line Items]
Debt conversion shares issued		199,222
Debt conversion shares issued price per share		$ 0.0257
Subsequent Event [Member] | Transaction Two [Member]
Subsequent Event [Line Items]
Debt conversion shares issued		3,697,000
Debt conversion shares issued price per share		$ 0.00513
Debt conversion shares issued, value		$ 18,966
Subsequent Event [Member] | Transaction Three [Member]
Subsequent Event [Line Items]
Debt conversion shares issued			3,918,900
Debt conversion shares issued price per share			$ 0.009
Debt conversion shares issued, value			$ 35,270