BlackStar Enterprise (BEGI) 10-Q 15 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 01, 2021
Cover [Abstract]
Document Type	10-Q
Entity Central Index Key	0001483646
Document Period End Date	Sep. 30, 2021
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-55730
Entity Registrant Name	BLACKSTAR ENTERPRISE GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-1120628
Entity Address, Address Line One	4450 Arapahoe Ave.
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Boulder
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80303
City Area Code	303
Local Phone Number	500-3210
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Title of 12(b) Security	N/A
Trading Symbol	N/A
Name of Exchange on which Security is Registered	NONE
Entity Common Stock, Shares Outstanding		128,689,319

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current Assets
Cash	$ 559,438	$ 32,987
Prepaid expenses	11,946	51,224
Total current assets	571,384	84,211
Fixed assets	75,000	10,000
Total Assets	646,384	94,211
Current liabilities
Accounts payable	12,246	29,880
Accrued expenses	51,072	4,517
Advances to related parties		18,780
Convertible notes payable, net of discounts of $715,977 and $158,390 at September 30, 2021 and December 31, 2020	427,048	25,885
Notes payable	30,000	50,000
Total current liabilities	520,366	129,062
Stockholders' Equity (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 shares authorized; $0.001 par value 122,627,383 and 101,063,806 shares issued and outstanding at September 30, 2021 and December 31, 2020	122,627	101,063
Additional paid in capital	7,775,766	5,829,279
Accumulated deficit	(7,773,375)	(5,966,193)
Total stockholders' equity (deficit)	126,018	(34,851)
Total Liabilities and Stockholders' Deficit	$ 646,384	$ 94,211

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Convertible notes payable discount	$ 715,977	$ 158,390
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	700,000,000
Common stock, shares issued	122,627,383	101,063,806
Common stock, shares outstanding	122,627,383	101,063,806

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Operating expenses
Legal and professional	$ 23,572	$ 13,028	$ 69,876	$ 62,819
Management consulting - related party	93,500	33,500	242,642	59,910
General and administrative	273,777	10,935	468,950	40,935
Total operating expenses	390,849	57,463	781,468	163,664
Other expense (income)
Amortization of discount on convertible notes	306,396	56,733	656,485	116,249
Amortization of convertible debt issuance costs	22,152	17,438	46,116	27,015
Loss on note payable conversions		277,607	166,422	574,715
Interest expense	53,556	16,551	156,691	49,301
Other expense (income)	382,104	368,329	1,025,714	767,280
Net (loss)	$ (772,953)	$ (425,792)	$ (1,807,182)	$ (930,944)
Net (loss) per share - basic and diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Weighted average number of common shares outstanding - basic and diluted	121,802,836	67,576,016	113,486,557	56,747,018

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid in Capital [Member]	Common Stock Subject to Cancellation [Member]	Common Stock To Be Issued [Member]	Accumulatedt Deficit [Member]	Total
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 directly from IHG retirement to treasury at December 31, 2019	$ 150		150
Adjust for shares directly from IHG retirement to treasury at December 31, 2019, shares	(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
Beneficial conversion feature of convertible note			146,000				146,000
Shares issued for loan costs	$ 550		10,450				11,000
Shares issued for loan costs, 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
Balance at Jun. 30, 2020	$ 60,374	$ 1,000	4,571,739		11,000	(4,905,754)	(261,641)
Balance, shares at Jun. 30, 2020	60,374,137	1,000,000
Shares issued for conversion of notes and interest	$ 13,715		49,306				63,021
Shares issued for conversion of notes and interest, shares	13,715,016
Beneficial conversion feature of convertible note			43,000				43,000
Shares issued for loan costs	$ 550		10,450				11,000
Shares issued for loan costs, shares	550,000
Issuance of common stock to be issued					(11,000)		(11,000)
Loss on debt conversion			277,608				277,608
Net loss						(425,792)	(425,792)
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
Balance at Dec. 31, 2020	$ 101,063	$ 1,000	5,829,279			(5,966,193)	(34,851)
Balance, shares at Dec. 31, 2020	101,063,806	1,000,000
Shares issued for conversion of notes and interest	$ 12,018		359,114				371,132
Shares issued for conversion of notes and interest, shares	12,018,049
Beneficial conversion feature of convertible note			1,153,250				1,153,250
Shares issued for loan costs	$ 300		23,700				24,000
Shares issued for loan costs, shares	300,000
Shares issued for financing fees	$ 1,079		41,923				43,002
Shares issued for financing fees, shares	1,078,862
Shares issued for software development	$ 500		19,500				20,000
Shares issued for software development, shares	500,000
Shares issued subject to cancellation	$ 7,667		349,000	(356,667)
Shares issued subject to cancellation, shares	7,666,666
Shares issued subject to cancellation realized				356,667			356,667
Net loss						(1,807,182)	(1,807,182)
Balance at Sep. 30, 2021	$ 122,627	$ 1,000	7,775,766			(7,773,375)	126,018
Balance, shares at Sep. 30, 2021	122,627,383	1,000,000
Balance at Jun. 30, 2021	$ 118,078	$ 1,000	7,482,400	(250,000)		(7,000,422)	351,056
Balance, shares at Jun. 30, 2021	118,078,138	1,000,000
Shares issued for conversion of notes and interest	$ 4,549		57,116				61,665
Shares issued for conversion of notes and interest, shares	4,549,245
Beneficial conversion feature of convertible note			236,250				236,250
Shares issued subject to cancellation				250,000			250,000
Net loss						(772,953)	(772,953)
Balance at Sep. 30, 2021	$ 122,627	$ 1,000	$ 7,775,766			$ (7,773,375)	$ 126,018
Balance, shares at Sep. 30, 2021	122,627,383	1,000,000

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (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, 2021	Sep. 30, 2020
Cash Flows From Operating Activities
Net (loss)	$ (1,807,182)	$ (930,944)
Adjustments to reconcile net loss to net cash used in operating activities
Amortization of convertible note issue costs	46,116	27,015
Amortization of discounts on convertible notes	656,485	116,249
Amortization of discounts on convertible note interest	41,812	10,503
Loss on conversion of notes payable	166,422	574,715
Interest and loan fees paid in stock	423,779	36,355
Changes in operating assets and liabilities
Decrease in prepaids	39,278	7,301
(Decrease) in accounts payable	(17,634)	(3,549)
Increase in accrued payables	56,655	9,700
Cash used in operating activities	(394,269)	(152,655)
Cash Flows From Investing Activities
Purchase of software	(45,000)
Cash used in investing activities	(45,000)
Cash Flows From Financing Activities
Increase in notes payable		165,000
Repayments of notes payable	(20,000)
Repayments in advances from related party	(18,780)	(22,590)
Proceeds from convertible notes, net of offering costs and original issue discount	1,004,500
Net cash provided by financing activities	965,720	142,410
Net increase (decrease) in cash	526,451	(10,245)
Cash, beginning of period	32,987	33,251
Cash, end of period	559,438	23,006
Supplemental disclosure of non-cash investing and financing activities
Beneficial conversion feature initially recorded as debt discount	1,153,250
Notes payable and interest converted to common stock	204,741	129,703
Common stock issued for software	20,000
Common stock to be issued for loan costs	67,002	11,000
Cash paid for interest on debt	$ 2,750	$ 1,650

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2021
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. The Company changed its name to BlackStar Enterprise Group, Inc. in 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. In lieu of the 95% of common shares originally agreed upon, IHG received 44,400,000 shares of common stock and 1,000,000 shares of Series 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 approximately an additional 7% 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’s 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 (US GAAP) 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, 2020 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, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. These unaudited consolidated financial statements include BlackStar and its wholly owned subsidiaries: Crypto Equity Management Corp. and Crypto Industry SRO Inc. and were prepared from the accounts of the Company in accordance with US GAAP. All significant intercompany transactions and balances have been eliminated on consolidation.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2021
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, 2021 and the year ended December 31, 2020, the Company has generated no revenues and has incurred losses. As of September 30, 2021, the Company had cash of $559,438, working capital of $51,018 and an accumulated deficit of $7,773,375. 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, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. Recent pronouncements Management has evaluated accounting standards and interpretations issued but not yet effective as of September 30, 2021 and does not expect such pronouncements to have a material impact on the Company’s financial position, operations, or cash flows. Reclassifications Certain amounts in the consolidated financial statements for prior year periods have been reclassified to conform with the current year presentation.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	9 Months Ended
	Sep. 30, 2021
Stockholders Equity
STOCKHOLDERS' EQUITY (DEFICIT)	NOTE 4 – STOCKHOLDERS’ EQUITY (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 Series A Preferred Series 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. Common Stock During the nine months ended September 30, 2021, the Company issued shares of its common stock as follows: • 12,018,049 shares for conversion of $371,132 principal and interest on convertible note payable. • 300,000 shares valued at $24,000 ($0.08 per share) to a convertible note holder as consideration for the Company’s entering into certain third-party transactions which were in default of the convertible promissory note, security purchase agreement and other related documents entered into on November 16, 2020. • 10,788,623 shares valued at $43,002 as consideration for financing fees for loans made to the Company. • 500,000 shares valued at $20,000 ($0.04 per share) as partial consideration for software development costs. • 2,666,666 shares valued at $106,667 ($0.04 per share) to a convertible note holder. These shares have been issued as condition that the Company files a resale registration statement covering the underlying convertible shares. The shares are returnable to the Company upon the effective date of the registration statement. The resale registration statement was not filed in the period stipulated in the agreement with the note holder, and accordingly the $106,667 value of the shares has been charged to operations during the nine months ended September 30, 2021. • 5,000,000 shares valued at $250,000 ($0.05 per share) to a convertible note holder. These shares were issued as condition that the Company files a resale registration statement covering the underlying convertible shares. The shares are returnable to the Company upon the effective date of the registration statement. The resale registration statement was not filed in the period stipulated in the agreement with the note holder, and accordingly the $250,000 value of the shares has been charged to operations during the nine months ended September 30, 2021.

WARRANTS

WARRANTS	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
WARRANTS	NOTE 5 – WARRANTS In April 2019, the Company issued a convertible note for $110,000. Pursuant to the terms of the note agreement, the Company issued warrants to the holder for the purchase 440,000 shares of the Company’s common stock. The warrants are exercisable at $0.25 per share for a term of 5 years. The $132,953 fair value of the warrants was calculated using the Black-Scholes pricing model with the following assumptions: stock price $0.38; strike price $0.25; volatility 98%; risk free rate 2.25% and term of 5 years. The $132,953 fair value of the warrants was charged to operations when issued during the year ended December 31, 2019. At September 30, 2021, the intrinsic value of the outstanding warrants was $0, as the trading price of the Company’s common stock at that date was less than the underlying exercise price of the warrants. A summary of warrant activity during the nine months ended September 30, 2021 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding and exercisable – December 31, 2020 540,000 $ 0.31 2.24 Exercised — Expired — Outstanding and exercisable – September 30, 2021 540,000 $ 0.31 2.24

CONVERTIBLE NOTES

CONVERTIBLE NOTES	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
CONVERTIBLE NOTES	NOTE 6 – CONVERTIBLE NOTES GS CAPITAL PARTNERS On December 4, 2020, the Company entered into a financing arrangement with GS Capital Partners LLC. The face value of the note is $55,000 at an interest rate of 10% and the maturity date is December 2, 2021. At the time of the disbursement the Company received $45,000 net cash proceeds, as there was a deduction from proceeds to the Company of $10,000 for original interest discount and placement costs. 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. 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 of $55,000. The fair value of $55,000 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. During the nine months ended September 30, 2021, GS Capital elected to convert the $55,000 principal and $2,936 accrued interest due on the note into 3,612,003 shares of the Company’s common stock under the conversion provision and terms of the note agreement. 11 Table of Contents BLACKSTAR ENTERPRISE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (Unaudited) NOTE 6 – CONVERTIBLE NOTES (continued) POWER UP LENDING GROUP (i) 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 January 28, 2021, Power Up elected to convert the total principal and interest due on their note of July 24, 2020 in the principal amount of $43,000 and $2,150 of accrued and unpaid interest thereon into 2,894,231 shares of the Company’s common stock at $0.0156 per share. The Company recognized a loss on conversion of $41,677. (ii) 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. The Company has recorded the conversion feature as a beneficial conversion feature. The fair value of $53,000 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 April 12, 2021, Power Up elected to convert the total principal and interest due on their note of October 8, 2020 in the principal amount of $53,000 and $2,650 of accrued and unpaid interest thereon into 1,939,024 shares of the Company’s common stock at $0.0287 per share. The Company recognized a loss on conversion of $80,082. (iii) On January 15, 2021, the Company entered into a financing agreement with Power Up Lending Group to borrow $43,500. 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 20,871,651 shares for conversion. Net proceeds from the loan were $40,000, after legal fees of $3,500. The Company has recorded the conversion feature as a beneficial conversion feature. The fair value of $43,500 for the expense portion of the 12 Table of Contents BLACKSTAR ENTERPRISE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (Unaudited) NOTE 6 – CONVERTIBLE NOTES (continued) 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. In July 2021, Power Up elected to convert (in two tranches) the total principal of $43,500 due on the note, together with accrued unpaid interest of $2,175, into an aggregate 3,572,791 shares of the Company’s common stock (1,304,348 shares at $0.0138 per share and 2,268,443 shares at $0.0122 per share) under the conversion provision and terms of the note agreement. (iv) On March 31, 2021, the Company entered into a financing agreement with Power Up Lending Group to borrow $103,500. 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 63% 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 20,535,714 shares for conversion. On April 1, 2021, the Company received the net proceeds from the loan of $100,000, after legal fees and offering costs of $3,500. (See Note 9) (v) On July 26, 2021, the Company entered into a financing agreement with Power Up Lending Group Ltd. to borrow $103,750. The note matures on July 26, 2022, bears interest at 10%, with a default rate of 22%, and is convertible at the option of the holder, at any time after 180 days of the date of issuance. The conversion price is to be calculated at 65% of the average of the two lowest closing bid prices of the Company’s common stock for the previous 15 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 the note. There are no warrants or options attached to this note, and the Company has reserved 34,220,756 shares for conversion. The Company received net proceeds from the loan of $100,000, after legal and financing fees of $3,750. (vi) On July 28, 2021, the Company entered into a financing agreement with Power Up Lending Group Ltd. to borrow $78,750. The note matures on July 28, 2022, bears interest at 10%, with a default rate of 22%, and is convertible at the option of the holder, at any time after 180 days of the date of issuance. The conversion price is to be calculated at 65% of the average of the two lowest closing bid prices of the Company’s common stock for the previous 15 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 the note. There are no warrants or options attached to this note, and the Company has reserved 36,346,153 shares for conversion. The Company received net proceeds from the loan of $75,000, after legal and financing fees of $3,750. (vii) On September 1, 2021, the Company entered into a financing agreement with Power Up Lending Group Ltd. to borrow $53,750. The note matures on September 1, 2022, bears interest at 10%, with a default rate of 22%, and is convertible at the option of the holder, at any time after 180 days of the date of issuance. The conversion price is to be calculated at 65% of the average of the two lowest closing bid prices of the Company’s common stock for the previous 15 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 the note. There are no warrants or options attached to this note, 13 Table of Contents BLACKSTAR ENTERPRISE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (Unaudited) NOTE 6 – CONVERTIBLE NOTES (continued) and the Company has reserved 17,348,036 shares for conversion. The Company received net proceeds from the loan of $50,000, after legal and financing fees of $3,750. QUICK CAPITAL LLC On November 23, 2020, the Company entered into a financing agreement with Quick Capital LLC to borrow $33,275 with a due date of July 16, 2021. The note bears interest at 10%, with a default rate of 24%, and is convertible into shares of the Company’s common stock. The conversion price is to be calculated at 60% of the 2 lowest trading prices 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 12,000,000 shares for conversion. Net proceeds from the loan were $25,000, after legal fees and offering costs of $8,275. The Company has recorded the conversion feature as a beneficial conversion feature. The fair value of $33,275 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. As of September 30, 2021, the Company is in default on this note. SE HOLDINGS LLC On January 26, 2021, the Company entered into a financing agreement with SE Holdings LLC to borrow $220,000. The note bears interest at 10%, with a default rate of 24%, and is convertible, at any time after the date of issuance. The conversion price is to be calculated at 50% of the average of the three lowest trading price of the Company’s common stock for the previous twenty 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 44,000,000 shares for conversion. Net proceeds from the loan were $177,500, after original issue discount of $20,000 and legal fees and offering costs of $22,500. The Company has recorded the conversion feature as a beneficial conversion feature. The fair value of $220,000 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 ADAR ALEF LLC On April 29, 2021, the Company entered into a financing agreement with Adar Alef, LLC to borrow $550,000. The note bears interest at 10%, with a default rate of 24%, and is convertible at the option of the holder, at any time after the date of issuance. The conversion price is to be calculated at 50% of the average of the three lowest closing bid prices 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 86,105,000 shares for conversion The Company received the net proceeds from the loan of $462,000, after original issue discount, legal fees and offering costs of $88,000. 14 Table of Contents BLACKSTAR ENTERPRISE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (Unaudited) NOTE 6 – CONVERTIBLE NOTES (continued) Convertible notes payable at September 30, 2021 and December 31, 2020 are summarized as follows: Holder Face Amount Interest Rate Due Date 2021 2020 GS Capital Partners $ 55,000 10% December 2, 2021 $ — $ 55,000 Power UP Lending Group $ 43,000 10% July 24, 2021 $ — $ 43,000 $ 53,000 10% September 24, 2021 $ — $ 53,000 $ 43,500 10% January 15, 2022 $ — $ — $ 103,500 10% March 31, 2022 $ 103,500 $ — $ 103,750 10% July 26, 2022 $ 103,750 $ — $ 78,750 10% July 28, 2022 $ 78,750 $ — $ 53,750 10% September 1, 2022 $ 53,750 $ — SE Holdings LLC $ 220,000 10% January 26, 2022 $ 220,000 $ — Quick Capital LLC $ 33,275 10% July 16, 2021 $ 33,275 $ 33,275 Adar Alef LLC $ 550,000 10% April 29, 2022 $ 550,000 $ — Discount $ (715,977 ) $ (158,390 ) $ 427,048 $ 25,885

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2021
Notes Payable [Abstract]
NOTES PAYABLE	NOTE 7 – NOTES PAYABLE On November 18, 2020, outstanding loans to the two individuals were rolled over and extended into two new loans in the amounts of $20,000 and $30,000, due May 18, 2021 with interest at 11%. Each of the two loan holders was paid $2,500 principal (an aggregate $5,000) and aggregate accrued interest of $3,026. In addition, the two individuals were issued an aggregate 1,550,000 shares of the Company’s common stock valued at $46,500 ($0.03 per share), under the default penalty provisions of the original notes. Effective May 18, 2021, each of the loan holders was repaid $10,000 principal and accrued interest of $1,100 and $1,650. The two notes were rolled into new loans in the amounts of $10,000 and $20,000, due November 18, 2021 with interest at 11%. In addition, the two individuals were issued an aggregate 300,000 shares of the Company’s common stock valued at $12,000 ($0.04 per share).

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2021
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, 2021 and 2020 the Company recorded related party management fees of $242,642 and $59,910, respectively. During the year ended December 31, 2020, there were no advances from related parties, and the Company repaid $23,070 to its parent company, IHG. During the nine months ended September 30, 2021, $18,780 was repaid to a former officer of the Company.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS On October 1, 2021, the Company entered into a financing agreement with Power Up Lending Group Ltd. to borrow $78,750. The note matures on October 1, 2022, bears interest at 10%, with a default rate of 22%, and is convertible at the option of the holder, at any time after 180 days of the date of issuance. The conversion price is to be calculated at 65% of the average of the two lowest closing bid prices of the Company’s common stock for the previous 15 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 the note. There are no warrants or options attached to this note, and the Company has reserved 23,954,227 shares for conversion. The Company received net proceeds from the loan of $75,000, after legal and financing fees of $3,750. On October 11, 2021, the Company entered into a financing agreement with GS Capital Partners LLC to borrow $60,000. The note matures on October 11, 2022, bears interest at 8%, with a default rate of 24%, and is convertible at the option of the holder, at any time after 180 days of the date of issuance. The conversion price is to be calculated at 60% 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 the note. There are no warrants or options attached to this note. The Company received net proceeds from the loan of $50,000, after legal and financing fees of $10,000. In October 2021, Power Up elected to convert (in three tranches) the total principal of $103,500 due on their note of March 31, 2021, together with accrued unpaid interest thereon of $5,175, into an aggregate 6,061,936 shares of the Company’s common stock (2,358,232 shares at $0.0164 per share and 3,703,704 shares at $0.0189 per share) under the conversion provision and terms of the note agreement. The Company has analyzed its operations subsequent to September 30, 2021 through the date that 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, 2021
Accounting Policies [Abstract]
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.
Recent pronouncements	Recent pronouncements Management has evaluated accounting standards and interpretations issued but not yet effective as of September 30, 2021 and does not expect such pronouncements to have a material impact on the Company’s financial position, operations, or cash flows.
Reclassifications	Reclassifications Certain amounts in the consolidated financial statements for prior year periods have been reclassified to conform with the current year presentation.

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Summary of Warrants Activity	A summary of warrant activity during the nine months ended September 30, 2021 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding and exercisable – December 31, 2020 540,000 $ 0.31 2.24 Exercised — Expired — Outstanding and exercisable – September 30, 2021 540,000 $ 0.31 2.24

CONVERTIBLE NOTES (Tables)

CONVERTIBLE NOTES (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Convertible Notes Payable	Convertible notes payable at September 30, 2021 and December 31, 2020 are summarized as follows: Holder Face Amount Interest Rate Due Date 2021 2020 GS Capital Partners $ 55,000 10% December 2, 2021 $ — $ 55,000 Power UP Lending Group $ 43,000 10% July 24, 2021 $ — $ 43,000 $ 53,000 10% September 24, 2021 $ — $ 53,000 $ 43,500 10% January 15, 2022 $ — $ — $ 103,500 10% March 31, 2022 $ 103,500 $ — $ 103,750 10% July 26, 2022 $ 103,750 $ — $ 78,750 10% July 28, 2022 $ 78,750 $ — $ 53,750 10% September 1, 2022 $ 53,750 $ — SE Holdings LLC $ 220,000 10% January 26, 2022 $ 220,000 $ — Quick Capital LLC $ 33,275 10% July 16, 2021 $ 33,275 $ 33,275 Adar Alef LLC $ 550,000 10% April 29, 2022 $ 550,000 $ — Discount $ (715,977 ) $ (158,390 ) $ 427,048 $ 25,885

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) - shares	Sep. 30, 2021	Dec. 31, 2020	Jan. 25, 2016
Schedule of Equity Method Investments [Line Items]
Shares issued to parent entity	122,627,383	101,063,806
Common Stock [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Company purchased	7.00%
International Hedge Group, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Company purchased			95.00%
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, 2021	Dec. 31, 2020
Going Concern [Abstract]
Cash	$ 559,438
Working capital	51,018
Accumulated deficit	$ 7,773,375	$ 5,966,193

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) (Details) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Nov. 16, 2020	Aug. 25, 2016	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Class of Stock [Line Items]
Preferred stock, par value per share			$ 0.001		$ 0.001		$ 0.001
Preferred stock, shares authorized			10,000,000		10,000,000		10,000,000
Debt conversion shares issued, value			$ 61,665	$ 63,021	$ 371,132	$ 704,418
Shares issued, value				$ (11,000)
Shares issued price per share				$ 0.02		$ 0.02
Shares issued to parent entity			122,627,383		122,627,383		101,063,806
Common stock for conversion [Member]
Class of Stock [Line Items]
Debt conversion shares issued					12,018,049
Debt conversion shares issued, value					$ 371,132
Shares issued					2,666,666
Shares issued, value					$ 106,667
Shares issued price per share			$ 0.04		$ 0.04
Common stock for conversion [Member] | Two individuals as partial consideration for loans [Member]
Class of Stock [Line Items]
Shares issued	300,000
Shares issued, value	$ 24,000
Shares issued price per share	$ 0.08
Common stock for conversion [Member] | Financing fees for loans [Member]
Class of Stock [Line Items]
Shares issued					10,788,623
Shares issued, value					$ 43,002
Common stock for conversion [Member] | Software development costs [Member]
Class of Stock [Line Items]
Shares issued					500,000
Shares issued, value					$ 20,000
Shares issued price per share			0.04		$ 0.04
Common stock for conversion [Member] | Convertible note holder [Member]
Class of Stock [Line Items]
Shares issued					5,000,000
Shares issued, value					$ 250,000
Shares issued price per share			$ 0.05		$ 0.05
Agreement amount of note holder					$ 250,000
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		100

WARRANTS (Narrative) (Details)

WARRANTS (Narrative) (Details) - Warrants [Member] - USD ($)	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2021
Warrants issued	440,000
Warrant expense	$ 132,953
Convertible note expense	$ 110,000
Black-Scholes [Member]
Warrants, exercise price per share	$ 0.25
Warrants, expiration period	5 years
Value of warrants	$ 132,953
Stock price	$ 0.38
Strike price	$ 0.25
Volatility	98.00%
Risk free rate	2.25%
Time to expiration	5 years
Intrinsic value of the outstanding warrants		$ 0

WARRANTS (Schedule of Warrant A

WARRANTS (Schedule of Warrant Activity) (Details) - Warrant [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Shares
Balance	540,000
Exercised
Expired
Balance	540,000	540,000
Weighted Average Exercise Price
Balance	$ 0.31	$ 0.31
Weighted Average Remaining Contractual Life (Years)
Balance	2 years 2 months 26 days	2 years 2 months 26 days

CONVERTIBLE NOTES (Narrative) (

CONVERTIBLE NOTES (Narrative) (Details) - USD ($)	Sep. 01, 2021	Jul. 28, 2021	Apr. 12, 2021	Jan. 15, 2021	Dec. 04, 2020	Oct. 08, 2020	Jul. 31, 2021	Jul. 28, 2021	Jul. 26, 2021	Apr. 29, 2021	Jan. 28, 2021	Jan. 26, 2021	Nov. 23, 2020	Jul. 24, 2020	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Sep. 24, 2020
Short-term Debt [Line Items]
Convertible note															$ 427,048			$ 427,048		$ 25,885
Legal fees															23,572		$ 13,028	69,876	$ 62,819
Debt convert amount															61,665		63,021	371,132	704,418
Loss on debt conversion																	$ (277,607)	(166,422)	$ (574,715)
Power Up Lending Group [Member]
Short-term Debt [Line Items]
Interest rate				10.00%												10.00%
Default rate of interest				22.00%												22.00%
Company received net cash proceed				$ 40,000												$ 100,000
Legal fees				$ 3,500												$ 3,500
Shares reserved for conversion				20,871,651												20,535,714
Percentage of conversion				61.00%												63.00%
Percentag of limit amount of stock				4.99%												4.99%
Fair value of expense portion of note amortized				$ 43,500
Borrowed amount				$ 43,500												$ 103,500
Quick Capital LLC [Member]
Short-term Debt [Line Items]
Interest rate													10.00%
Maturity date													Jul. 16, 2021
Default rate of interest													24.00%
Company received net cash proceed													$ 25,000
Legal fees													$ 8,275
Shares reserved for conversion													12,000,000
Percentage of conversion													60.00%
Percentag of limit amount of stock													4.99%
Fair value of expense portion of note amortized													$ 33,275
Borrowed amount													$ 33,275
SE Holdings LLC [Member]
Short-term Debt [Line Items]
Interest rate												10.00%
Default rate of interest												24.00%
Company received net cash proceed												$ 177,500
Legal fees												$ 22,500
Shares reserved for conversion												44,000,000
Percentage of conversion												50.00%
Percentag of limit amount of stock												4.99%
Debt discount												$ 20,000
Fair value of expense portion of note amortized												220,000
Borrowed amount												$ 220,000
Adar Alef LLC [Member]
Short-term Debt [Line Items]
Interest rate										10.00%
Default rate of interest										24.00%
Company received net cash proceed										$ 462,000
Legal fees										$ 88,000
Shares reserved for conversion										86,105,000
Percentage of conversion										50.00%
Percentag of limit amount of stock										4.99%
Borrowed amount										$ 550,000
GS Capital Partners LLC [Member]
Short-term Debt [Line Items]
Convertible note					$ 55,000															$ 55,000
Interest rate					10.00%										10.00%			10.00%
Maturity date					Dec. 2, 2021													Dec. 2, 2021
Company received net cash proceed					$ 45,000
Legal fees					$ 10,000
Percentage of conversion					50.00%
Percentag of limit amount of stock					4.99%
Fair value of expense portion of note amortized					$ 55,000
Debt convert amount																		$ 55,000
Debt conversion shares issued																		3,612,003
Beneficial Conversion Feature					$ 55,000
Accrued interest															$ 2,936			$ 2,936
Borrowed amount															$ 55,000			$ 55,000
Power Up [Member]
Short-term Debt [Line Items]
Convertible note														$ 43,000
Interest rate														10.00%
Maturity date											Jul. 24, 2020			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
Debt convert amount							$ 43,500				$ 43,000
Debt conversion shares issued											2,894,231
Debt convert conversion price											$ 0.0156
Aggregate shares							3,572,791
Loss on debt conversion											$ 41,677
Accrued interest							$ 2,175				$ 2,150
Power Up [Member] | Share-based Payment Arrangement, Tranche Two [Member]
Short-term Debt [Line Items]
Debt conversion shares issued							1,304,348
Power Up [Member] | Tranche One [Member]
Short-term Debt [Line Items]
Debt convert conversion price							$ 0.0138
Power Up [Member] | Share-based Payment Arrangement, Tranche One [Member]
Short-term Debt [Line Items]
Debt conversion shares issued							2,268,443
Power Up [Member] | Tranche Two [Member]
Short-term Debt [Line Items]
Debt convert conversion price							$ 0.0122
Power Up [Member]
Short-term Debt [Line Items]
Convertible note																					$ 53,000
Interest rate						10.00%
Maturity date			Oct. 8, 2020
Default rate of interest						22.00%
Company received net cash proceed						$ 50,000
Legal fees						$ 3,000
Shares reserved for conversion						25,429,828
Percentage of conversion						61.00%
Percentag of limit amount of stock						4.99%
Fair value of expense portion of note amortized						$ 53,000
Debt convert amount			$ 80,082
Debt conversion shares issued			1,939,024
Debt convert conversion price			$ 0.0287
Accrued interest			$ 2,650
Borrowed amount			$ 53,000
Power Up Lending Group Ltd [Member]
Short-term Debt [Line Items]
Interest rate		10.00%						10.00%	10.00%						10.00%			10.00%
Maturity date	Sep. 1, 2022							Jul. 28, 2022	Jul. 26, 2022
Default rate of interest	22.00%							22.00%	22.00%
Shares reserved for conversion	17,348,036							36,346,153	34,220,756
Percentage of conversion	65.00%							65.00%	65.00%
Percentag of limit amount of stock	4.99%							4.99%	4.99%
Short term borrowings		$ 78,750						$ 78,750	$ 103,750						$ 53,750			$ 53,750
Net proceeds from loan	$ 50,000	$ 75,000							100,000
Legal fees and financing fees	$ 3,750							$ 3,750	$ 3,750

CONVERTIBLE NOTES (Schedule of

CONVERTIBLE NOTES (Schedule of Convertible Notes Payable) (Details) - USD ($)	Dec. 04, 2020	Sep. 30, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Discount		$ (715,977)	$ (158,390)
Convertible notes payable		427,048	25,885
GS Capital Partners LLC [Member]
Short-term Debt [Line Items]
Face Amount		$ 55,000
Interest Rate	10.00%	10.00%
Due Date	Dec. 2, 2021	Dec. 2, 2021
Convertible notes payable	$ 55,000		55,000
Power Up Lending Group [Member]
Short-term Debt [Line Items]
Face Amount		$ 43,000
Interest Rate		10.00%
Due Date		Jul. 24, 2021
Convertible notes payable			43,000
Power Up Lending Group One [Member]
Short-term Debt [Line Items]
Face Amount		$ 53,000
Interest Rate		10.00%
Due Date		Sep. 24, 2021
Convertible notes payable			53,000
Power Up Lending Group Two [Member]
Short-term Debt [Line Items]
Face Amount		$ 43,500
Interest Rate		10.00%
Due Date		Jan. 15, 2022
Convertible notes payable
Power Up Lending Group Three [Member]
Short-term Debt [Line Items]
Face Amount		$ 103,500
Interest Rate		10.00%
Due Date		Mar. 31, 2022
Convertible notes payable		$ 103,500
SE Holdings LLC [Member]
Short-term Debt [Line Items]
Face Amount		$ 220,000
Interest Rate		10.00%
Due Date		Jan. 26, 2022
Convertible notes payable		$ 220,000
Quick Capital LLC [Member]
Short-term Debt [Line Items]
Face Amount		$ 33,275
Interest Rate		10.00%
Due Date		Jul. 16, 2021
Convertible notes payable		$ 33,275	33,275
Adar Alef, LLC [Member]
Short-term Debt [Line Items]
Face Amount		$ 550,000
Interest Rate		10.00%
Due Date		Apr. 29, 2022
Convertible notes payable		$ 550,000
Power Up Lending Group Four [Member]
Short-term Debt [Line Items]
Face Amount		$ 103,750
Interest Rate		10.00%
Due Date		Jul. 26, 2022
Convertible notes payable		$ 103,750
Power Up Lending Group Five [Member]
Short-term Debt [Line Items]
Face Amount		$ 78,750
Interest Rate		10.00%
Due Date		Jul. 28, 2022
Convertible notes payable		$ 78,750
Power Up Lending Group Six [Member]
Short-term Debt [Line Items]
Face Amount		$ 53,750
Interest Rate		10.00%
Due Date		Sep. 1, 2022
Convertible notes payable		$ 53,750

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	May 18, 2021	Nov. 18, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Debt conversion shares issued, value			$ 61,665	$ 63,021	$ 371,132	$ 704,418
Common stock, par value per share			$ 0.001		$ 0.001		$ 0.001
Repayments of notes payable					$ 20,000
Individual One [Member]
Debt Instrument [Line Items]
Note payable	$ 10,000	$ 20,000
Individual Two [Member]
Debt Instrument [Line Items]
Note payable	$ 20,000	$ 30,000
Two individuals [Member]
Debt Instrument [Line Items]
Default rate of interest	11.00%	11.00%
Maturity date	Nov. 18, 2021	May 18, 2021
Accrued interest		$ 3,026
Common stock, shares issued	300,000	1,550,000
Debt conversion shares issued, value	$ 12,000	$ 46,500
Common stock, par value per share	$ 0.04	$ 0.03
Repayments of notes payable		$ 2,500
Two individuals [Member] | Aggregate Loan [Member]
Debt Instrument [Line Items]
Repayments of notes payable		$ 5,000
Loan holders [Member]
Debt Instrument [Line Items]
Debt conversion shares issued, value	$ 10,000
Loan holders [Member] | Minimum [Member]
Debt Instrument [Line Items]
Accrued interest	1,100
Loan holders [Member] | Maximum [Member]
Debt Instrument [Line Items]
Accrued interest	$ 1,650

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Management consulting expense	$ 93,500	$ 33,500	$ 242,642	$ 59,910
Amount owed to related party					$ 18,780
Officer [Member]
Related Party Transaction [Line Items]
Amount owed to related party	$ 18,780		$ 18,780
International Hedge Group, Inc. [Member]
Related Party Transaction [Line Items]
Amount owed to related party					$ 23,070

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Oct. 11, 2021	Oct. 02, 2021	Sep. 01, 2021	Jul. 28, 2021	Oct. 31, 2021	Jul. 28, 2021	Jul. 26, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Subsequent Event [Line Items]
Debt conversion shares issued, value								$ 61,665	$ 63,021	$ 371,132	$ 704,418
Power Up Lending Group Ltd [Member]
Subsequent Event [Line Items]
Short term borrowings				$ 78,750		$ 78,750	$ 103,750	$ 53,750		$ 53,750
Maturity date			Sep. 1, 2022			Jul. 28, 2022	Jul. 26, 2022
Interest rate				10.00%		10.00%	10.00%	10.00%		10.00%
Default rate of interest			22.00%			22.00%	22.00%
Net proceeds from loan			$ 50,000	$ 75,000			$ 100,000
Legal fees and financing fees			$ 3,750			$ 3,750	$ 3,750
Power Up Lending Group Ltd [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Short term borrowings	$ 60,000	$ 78,750
Maturity date	Oct. 11, 2022	Oct. 1, 2022
Interest rate	8.00%	10.00%
Default rate of interest	24.00%	22.00%
Percentage of conversion price	60.00%	65.00%
Percentage of stock received of total outstanding common stock	4.99%	4.99%
Shares reserved for conversion		23,954,227
Net proceeds from loan	$ 50,000	$ 75,000
Legal fees and financing fees	$ 10,000	$ 3,750
Power Up elected to convert [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt conversion shares issued					6,061,936
Debt conversion shares issued, value					$ 103,500
Accrued interest					$ 5,175
Power Up elected to convert [Member] | Subsequent Event [Member] | Share-based Payment Arrangement, Tranche One [Member]
Subsequent Event [Line Items]
Debt conversion shares issued					2,358,232
Debt conversion shares issued price per share					$ 0.0164
Power Up elected to convert [Member] | Subsequent Event [Member] | Share-based Payment Arrangement, Tranche Two [Member]
Subsequent Event [Line Items]
Debt conversion shares issued					3,703,704
Debt conversion shares issued price per share					$ 0.0189