Sustainable Projects (SPGX) 10-Q/A 27 Dec 23 2023 Q1 Quarterly report (amended) Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 15, 2023
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	Sustainable Projects Group Inc. (the “Company”) is filing this Amendment No. 2 on Form 10-Q/A (the “Amendment”) to amend its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 19, 2023 (the “Original Form 10-Q”), as amended by Amendment No. 1 on Form 10-Q/A filed on December 15, 2023 (“Amendment No. 1”), to remove the following statement from Note 3 – Summary of accounting policies of Notes to Consolidated Unaudited Interim Financial Statements in Amendment No. 1:
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-54875
Entity Registrant Name	Sustainable Projects Group Inc.
Entity Central Index Key	0001500305
Entity Tax Identification Number	81-5445107
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Tankedraget 7
Entity Address, City or Town	Aalborg
Entity Address, Country	DK
Entity Address, Postal Zip Code	9000
City Area Code	305
Local Phone Number	814-2915
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		287,190,813

Consolidated Interim Balance Sh

Consolidated Interim Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash	$ 60,701
Accounts receivables	7,879
Other receivables – Note 4	25,406	32,180
Prepaid expenses	6,527	10,089
TOTAL CURRENT ASSETS	100,513	42,269
Equipment – Note 5	36,761
Intangible assets – Note 7	10,331
TOTAL ASSETS	147,605	42,269
CURRENT LIABILITIES:
Accounts payable and accrued liabilities – Note 8	518,604	117,199
Payroll liabilities	16,993
Deposits received	9,560
Deferred revenues	2,247
TOTAL CURRENT LIABILITIES	1,075,330	263,601
NON-CURRENT LIABILITIES
Note payable – Note 9	57,144
TOTAL NON-CURRENT LIABILITIES	57,144
TOTAL LIABILITIES	1,132,474	263,601
STOCKHOLDERS’ DEFICIT
Common Stock – Note 10 Par Value: $0.0001 Authorized 500,000,000 shares Common Stock Issued: 287,190,813 (Dec 31, 2022 – 7,940)	28,719	7,940
Accumulated Deficit	(1,003,837)	(224,419)
Other Accumulated Comprehensive Loss	(9,751)	(4,853)
TOTAL STOCKHOLDERS’ DEFICIT	(984,869)	(221,332)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	147,605	42,269
Related Party [Member]
CURRENT LIABILITIES:
Amounts due to related parties – Note 11	498,501	146,402
Notes and interest payable	19,413
Nonrelated Party [Member]
CURRENT LIABILITIES:
Notes and interest payable	$ 10,012

Consolidated Interim Balance _2

Consolidated Interim Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	287,190,813
Capital Units, Outstanding		50,000

Consolidated Interim Statements

Consolidated Interim Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Expenses
Administrative and other operating expenses	$ 19,064	$ 175
Depreciation	770
Management fees	201,591
Professional fees	83,308
Rent	49,607
Wages and salaries	53,476
Travel Expenses	7,018
Total Operating Expenses	414,834	175
Operating loss before other items	(414,834)	(175)
Miscellaneous income	21,574
Interest expense	1,228
Net loss	(392,032)	(175)
Net loss attributed to non-controlling interest
Comprehensive loss - translation	(4,898)	(133)
Net loss and comprehensive loss attributed to shareholders	$ (396,930)	$ (308)
Loss per share of common stock - Basic	$ 0.003	$ 0.006
Loss per share of common stock - Diluted	$ 0.003	$ 0.006
Weighted average no. of shares of common stock - Basic	147,958,345	50,000
Weighted average no. of shares of common stock - Diluted	147,958,345	50,000

Consolidated Interim Statemen_2

Consolidated Interim Statements of Stockholders Deficit (Unaudited) - USD ($)		Share Capital [Member]	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2021			$ 7,940	$ (1,475)	$ (268)	$ 6,197
Balance, shares at Dec. 31, 2021			50,000
Net loss and comprehensive loss				(175)	(133)	(308)
Balance at Mar. 31, 2022			$ 7,940	(1,650)	(401)	5,889
Balance, shares at Mar. 31, 2022			50,000
Balance at Dec. 31, 2022		$ 7,940		(224,419)	(4,853)	(221,332)
Balance, shares at Dec. 31, 2022			50,000
Common stock issued in reverse acquisition	[1]	(7,940)	$ 28,719	(387,386)		(366,607)
Common stock issued in reverse acquisition, shares	[1]		287,140,813
Net loss and comprehensive loss				(392,032)	(4,898)	(396,930)
Balance at Mar. 31, 2023			$ 28,719	$ (1,003,837)	$ (9,751)	$ (984,869)
Balance, shares at Mar. 31, 2023			287,190,813
[1]Including 71,979,703

Consolidated Interim Statemen_3

Consolidated Interim Statements of Stockholders Deficit (Parenthetical)	3 Months Ended
	Mar. 31, 2023 shares
Statement of Stockholders' Equity [Abstract]
Common stock issued for convertible loan settlement	71,979,703

Consolidated Interim Statemen_4

Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from operating activities:
Net loss	$ (392,032)	$ (175)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	770
Changes in current assets and liabilities
Prepaid expenses	3,562	(298)
Accounts receivable	(7,879)	(118)
Other receivables	6,774
Accounts payable and accrued expenses	400,730
Payroll liabilities	16,993
Deposits received	9,560
Deferred revenue	2,247
Amount due to related parties	352,773
Net cash provided by (used in) operating activities	393,498	(591)
Cash Flows from investing activities:
Office equipment	(11,885)
Filtration equipment	(24,887)
Intangible assets	(10,468)
Net cash used in investing activities	(47,240)
Cash Flows from financing activities:
Proceeds from note and interest payable, related party	19,413
Proceeds from note payable	67,156
Common stock issued in reverse acquisition	(366,607)
Net cash used in financing activities	(280,038)
Effect of foreign exchange on cash	(5,519)	(150)
Net increase (decrease) in cash	60,701	(741)
Cash at beginning of period		6,958
Cash at end of period	60,701	6,217
Cash paid for:
Interest

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	1. Organization and Nature of Operations Sustainable Projects Group Inc. (“the Company”) was incorporated in the State of Nevada, USA on September 4, 2009 as Blue Spa Incorporated. On December 19, 2016, the Company amended its name from “Blue Spa Incorporated” to “Sustainable Petroleum Group Inc.” On September 6, 2017, the Company obtained a majority vote from its shareholders to amend the Company’s name from “Sustainable Petroleum Group Inc.” to “Sustainable Projects Group Inc.” to better reflect its business at the time. The name change was effective on October 20, 2017. Prior to the Exchange Transaction (as defined below), the Company was a multinational business development company that pursued investments and partnerships with companies across sustainable sectors. The Company also was involved in consulting services and collaborative partnerships. The Company is a pure-play lithium company focused on supplying high performance lithium compounds to the fast-growing electric vehicle (“EV”) and broader battery markets. It has developed a proprietary technology to extract lithium from oilfield wastewater, which it believes will enable it to manufacture lithium compounds quickly, at an attractive cost, and with a minimal environmental footprint, which it expects to provide a competitive advantage over other lithium manufacturers. On February 14, 2023, the Company entered into a Securities Exchange Agreement (the “Agreement”) with Lithium Harvest ApS (“Lithium Harvest”), and all the shareholders of Lithium Harvest (the “Shareholders”). Pursuant to the Agreement, the Company acquired all outstanding shares of capital stock of Lithium Harvest in exchange for issuing to the Shareholders 206,667,233 71,797,703 287,190,813 The Company’s year-end is December 31.

Going Concern

Going Concern	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	2. Going Concern These consolidated interim financial statements have been prepared in conformity with generally accepted accounting principles in the United States or “GAAP,” which contemplate continuation of the Company as a going concern. However, the Company has limited revenue and has sustained operating losses resulting in a deficit. In view of these matters, realization of a major portion of the assets in the accompanying consolidated balance sheets is dependent upon the continued operations of the Company, which in turn is dependent upon the Company’s ability to meet its financing requirements, and the successful completion of the Company´s planned lithium project. The Company has accumulated a deficit of $ 1,003,837 The Company had $ 60,701

Summary of accounting policies

Summary of accounting policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of accounting policies	3. Summary of accounting policies Basis of presentation While the information presented is unaudited, it includes all adjustments, which are, in our opinion of management, necessary to present fairly the financial position, results of operations and cashflows for the interim period presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. These consolidated interim financial statements should be read in conjunction with the Company’s audited December 31, 2022 year-end financial statements. Operating results for Reverse Acquisition The Exchange Transaction between the Company and Lithium Harvest was accounted for as a “reverse acquisition” since, immediately following completion of the Exchange Transaction, the Shareholders effectuated control of the post-combination Company. For accounting purposes, Lithium Harvest was deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of Lithium Harvest ( i.e. Restatement of Previously Issued Consolidated Financial Statements The Company has restated its Consolidated Interim Balance Sheets as of March 31, 2023 and December 31, 2022, Consolidated Interim Statements of Operations and Comprehensive Loss, Consolidated Interim Statements of Stockholders’ Deficit, Consolidated Interim Statements of Cash Flows and its Notes to the Interim Consolidated Financial Statements for each of the three months ended March 31, 2023 and 2022, which was originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 19, 2023 (the “Original Form 10-Q”). These consolidated interim financial statements have been restated to reflect the identification of impairment of goodwill, intellectual property and inventories associated with the Company’s intellectual property related to its YER Brands subsidiary in the three months ended March 31, 2023 and 2022. These financial statements include the impairment of inventory, intellectual properties and intangible assets of YER Brands Inc. 1. Restatement of Financial Statements: The Company is restating its financial statements as of and for the three months ended March 31, 2023 and 2022, included in its Original Form 10-Q, due to the identification of impairment of goodwill associated with the Company’s intellectual property related to its YER Brands subsidiary. This impairment occurred subsequent to the filing of the Original Form 10-Q, retroactively, and has resulted in material adjustments to the consolidated interim financial statements. The impairment assessment was performed in accordance with auditing standards generally accepted in the United States (“US GAAP”). 2. Change in Accounting Treatment of Reverse Acquisition: The Company has revised its accounting treatment for a reverse acquisition that was previously reported in its Original Form 10-Q. Upon further evaluation, the Company determined that prior year adjustments were necessary. The Company impaired goodwill and intellectual property and wrote-off inventory of YER Brands Inc. as of the year ended December 31, 2021. Consolidation The accompanying consolidated unaudited interim financial statements include the accounts of the Sustainable Projects Group Inc., Lithium Harvest ApS and YER Brands Inc. All significant intercompany transactions have been eliminated in the consolidation process. Operating Leases – Right of Use Assets In February 2016, the FASB issued ASU 2016-02, Leases (“Topic 842”). The new standard establishes a right-of-use model that requires a lessee to record a right-of-use asset (“ROU asset”) and a lease liability on the balance sheet for all leases with terms longer than 12 months. For leases with an initial term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the term of the lease. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition. Similarly, lessors will be required to classify leases as sales-type, finance or operating, with classification affecting the pattern of income recognition. Classification for both lessees and lessors will be based on an assessment of whether risks and rewards as well as substantive control have been transferred through a lease contract. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. The Company adopted the new standard. The Company has elected not to recognize lease assets and lease liabilities for leases with an initial term of 12 months or less. There are no other material asset leases whether operating or finance except as indicated below. Lithium Harvest has one office lease. The lease conveys no ownership at the end of the lease term and contains no purchase option nor any guarantee of residual value. The lease does not contain renewal periods at the end of the term. The leases are amortized straight line over the entire office lease agreement. The Company uses an annual interest rate of 10% or a rate of 0.83% per month. This operating lease is classified as a right-to-use asset under the new standard (ASU 206-02). The office lease commenced April 1, 2023, and accordingly, no recognition has been recorded in these interim financial statements. During the three months ended March 31, 2023, the lease was classified as a short-term lease. Significant Accounting Policies There have been no material changes in the Company’s significant accounting policies to those previously disclosed in the December 31, 2022 annual report. Use of estimates The preparation of the consolidated interim financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Actual results could differ from those estimates. Segment Reporting The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance of its various businesses on a corporation-wide basis. As of March 31, 2023, the Company has three reportable segments: YER Brands, Sustainable Projects Group and Lithium Harvest. The segments are determined based on several factors including the nature of products and services, nature of production processes and delivery channels and consultancy services. Each operating segment’s performance is evaluated based on its segment income. Segment income is defined as gross sales and miscellaneous income. At March 31, 2023, segment income and total assets were reported as follows: Schedule of Segment Reporting For the three For the year Months ended ended March 31, 2023 December 31, 2022 Sales and miscellaneous income Sustainable Projects Group $ - $ - YER Brands - - Lithium Harvest 21,574 - Total Sales $ 21,574 $ - Total Assets Sustainable Projects Group $ 4,406 $ - YER Brands 208 - Lithium Harvest 142,991 42,269 Total Assets $ 147,605 $ 42,269 Revenue Recognition The Company adopted the ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). The Company recognizes revenue in accordance with ASC 606 using the following 5 steps to identify revenues: · identify the contract with a customer; · identify the performance obligations in the contract; · determine the transaction price; · allocate the transaction price to performance obligations in the contract; and · recognize revenue as the performance obligation is satisfied. Sub-leasing office The Company recognizes revenue when the Company transfers promised services to the customer. The performance obligation is the monthly services rendered. The Company has one main revenue source at the moment from Lithium Harvest, which is sub-leasing office space with and/or without furniture. Accordingly, the Company recognizes revenue when services are provided. These revenues are billed in advance, arrears and/or are prepaid. The performance obligation is the monthly services rendered. Where there is a sub-leasing contract for office space with and/or without furniture, the Company bills monthly for its services as rendered. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account in the new revenue standard. The contract transaction price is allocated to each distinct performance obligation and recognized as revenue when or as the performance obligation is satisfied. Advances from Client’s deposits are contract liabilities with customers that represent our obligation to either transfer goods or services in the future, or refund the amount received. Where possible, we obtain retainers to lessen our risk of non-payment by our customers. Advances from Client’s deposits are recognized as revenue as we meet specified performance obligations as detailed in the contract. The income earned from sub-leasing office space is recognized as “miscellaneous income”. Accounts Receivable and Concentration of Risk Accounts receivable, net is stated at the amount the Company expects to collect, or the net realizable value. The Company provides a provision for allowances that includes returns, allowances and doubtful accounts equal to the estimated uncollectible amounts. The Company estimates its provision for allowances based on historical collection experience and a review of the current status of trade accounts receivable. It is reasonably possible that the Company’s estimate of the provision for allowances will change. Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification (“ASC”) 740, “Income Taxes” (“ASC 740”). Under this method, income tax expense is recognized as the amount of: (i) taxes payable or refundable for the current year and (ii) future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of available evidence it is more likely than not that some portion or all of the deferred tax assets will not be realized. Recently issued accounting pronouncements The Company adopts new pronouncements relating to GAAP applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncements not included above will have a material effect on the Company’s consolidated financial statements.

Other Receivables

Other Receivables	3 Months Ended
	Mar. 31, 2023
Other Receivables
Other Receivables	4. Other Receivables Other receivables pertain to VAT receivables (value added taxes) of Lithium Harvest. The standard VAT rate in Denmark is 25%

Equipment

Equipment	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Equipment	5. Equipment Schedule of Equipment Accumulated Cost Depreciation Net Computer $ 11,885 $ 219 $ 11,666 Equipment 5,000 4,792 208 Machinery under construction 24,887 - 24,887 $ 41,772 $ 5,011 $ 36,761 Machinery under construction has not been depreciated as it is not yet available for use.

Reverse Acquisition

Reverse Acquisition	3 Months Ended
	Mar. 31, 2023
Reverse Acquisition
Reverse Acquisition	6 Reverse Acquisition On February 14, 2023, the Company entered into the Agreement with Lithium Harvest Lithium Harvest and all the Shareholders. Pursuant to the Agreement, the Company acquired all outstanding shares of capital stock of Lithium Harvest in exchange for issuing to the Shareholders 206,667,233 71,797,703 287,190,813 10,333,362

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	7. Intangible Assets Schedule of Intangible assets Accumulated Cost Depreciation Net Patent - Denmark $ 10,467 $ 136 $ 10,331

Accounts payable and accrued li

Accounts payable and accrued liabilities	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
Accounts payable and accrued liabilities	8. Accounts payable and accrued liabilities Accounts payable and accrued liabilities as of March 31, 2023 and December 31, 2022 are summarized as follows: Schedule of Accounts Payable and Accrued Liabilities Accounts Payable: Mar 31, 2023 Dec 31, 2022 Accounting fee $ 11,500 $ - Audit fee 7,400 - Consulting fee 37,500 - Purchase of property, plant and equipment 37,678 - Purchase of patents 13,925 Rental expenses 62,445 - Professional fees 276,721 117,199 Others 64,207 - Total Accounts Payable $ 511,376 $ 117,199 Accrued liabilities: Mar 31, 2023 Dec 31, 2022 Accounting fee 4,000 Audit fee $ 3,228 $ - Total Accrued liabilities $ 7,228 $ -

Notes payable

Notes payable	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Notes payable	9. Notes payable On March 1, 2019, the Company entered into an unsecured loan agreement for $ 50,000 with an interest rate of 3.5% per annum. The loan is due on or before April 15, 2022 . On March 28, 2022, the loan agreement was extended to April 15, 2024. At March 31, 2023, there was $ 7,144 in accrued interest. On July 23, 2021, the Company received $ 100,000 two-year 10 The outstanding principal and unpaid accrued interest will automatically convert into shares of the Company on or before the maturity date upon the closing of a “Qualified Transaction” to an amount equal to 25% of the fully diluted capitalization of the Company on a post-money basis. In the event that the Qualified Transaction is not consummated on or prior to the maturity date, the lender has the right to convert the principal and unpaid accrued interest of the note into shares of the Company to an amount equal to 25% of the fully diluted capitalization of the Company. 25,000 71,797,703 3,589,885 During the quarter ended March 31, 2023, Lithium Harvest entered into two notes payable with a company controlled by the CEO of the Company of $ 17,173 118,000 2,183 15,000 3% On March 29, 2023, the Company entered into a $ 10,000 15% 12

Common stock

Common stock	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Common stock	10. Common stock The following stock transactions occurred in the Company’s common stock during the three months ended March 31, 2023: a) On February 14, 2023, 206,667,233 10,333,362 b) On February 14, 2023, 71,979,703 3,589,885

Related party transactions

Related party transactions	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related party transactions	11. Related party transactions Related party transactions as of March 31, 2023 and December 31, 2022 are summarized as follows: Schedule of Related Party Transaction Mar 31, 2023 Dec 31, 2022 Accounts payable $ 417,276 $ 146,402 Accrued liabilities 81,225 - Total $ 498,501 $ 146,402 Stefan Muehlbauer resigned as a director on February 14, 2023 and is currently the Chief Financial Officer (“CFO”). During the three months ended March 31, 2023, the Company incurred management fees to the CFO totaling an aggregate of $ 15,625 110,465 1,180 125,000 25,000 On February 14, 2023, Tiffany Muehlbauer resigned as Chief Technology Officer. At March 31, 2023, $ 12,766 25,500 At March 31, 2023, the Company owed a company controlled by the above two related parties of $ 20,647 On February 14, 2023, Sune Mathiesen became the director and Chief Executive Officer (“CEO”) of the Company. During the three months ended March 31, 2023, Lithium Harvest incurred management fees from the CEO totaling an aggregate of $ 40,023 275,000 40,023 275,000 1,915 13,157 2,195 15,088 3% 300,000 2,200,000 150% At March 31, 2023, a company controlled by the director and CEO was owed $ 284,243 1,953,067 17,217 118,300 3% On February 14, 2023, Paw Juul became the Chief Technology Officer (“CTO”) of the Company. During the three months ended March 31, 2023, Lithium Harvest incurred management fees from the CTO totaling an aggregate of $ 40,023 275,000 300,000 2,200,000 150%

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies As of March 31, 2023, the Company did not have any commitments.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The Company and its subsidiaries file separate income tax returns. The Company files income tax returns in the United States of America and in the States of Florida and Indiana (Sustainable Projects Group Inc. and YER Brands Inc., respectively) and is subject to a U.S. federal corporate income tax rate of 21 22

Legal Matters

Legal Matters	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Legal Matters	14. Legal Matters The Company has no known legal issues pending.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events On April 28, 2023, a company controlled by a director and CTO, Paw Juul, of the Company loaned the Company $ 14,506 99,000 3 On May 1, 2023, Lithium Harvest finalized its office lease to commence from April 1, 2023. The lease may be terminated at the end of January 31, 2031. The office is located at Tankedraget 7, 4 th th 336,016 2,308,800 252,012 1,154,400 577,200 On May 10, 2023, the Company approved restricted stock unit awards for certain key employees and directors under the Company’s 2023 Equity Incentive Plan. The grant of these restricted stock unit awards is subject to stockholder approval. The Company is authorized to grant options and other stock-based awards to executive officers, directors, employees and consultants enabling them to acquire up to 45,000,000 On August 18, 2023, the Company issued 1,500,000 375,000 4,006,000 1,402,100 2,246,450 469,350 1,341,000

Summary of accounting policies

Summary of accounting policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation While the information presented is unaudited, it includes all adjustments, which are, in our opinion of management, necessary to present fairly the financial position, results of operations and cashflows for the interim period presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. These consolidated interim financial statements should be read in conjunction with the Company’s audited December 31, 2022 year-end financial statements. Operating results for
Reverse Acquisition	Reverse Acquisition The Exchange Transaction between the Company and Lithium Harvest was accounted for as a “reverse acquisition” since, immediately following completion of the Exchange Transaction, the Shareholders effectuated control of the post-combination Company. For accounting purposes, Lithium Harvest was deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of Lithium Harvest ( i.e.
Restatement of Previously Issued Consolidated Financial Statements	Restatement of Previously Issued Consolidated Financial Statements The Company has restated its Consolidated Interim Balance Sheets as of March 31, 2023 and December 31, 2022, Consolidated Interim Statements of Operations and Comprehensive Loss, Consolidated Interim Statements of Stockholders’ Deficit, Consolidated Interim Statements of Cash Flows and its Notes to the Interim Consolidated Financial Statements for each of the three months ended March 31, 2023 and 2022, which was originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 19, 2023 (the “Original Form 10-Q”). These consolidated interim financial statements have been restated to reflect the identification of impairment of goodwill, intellectual property and inventories associated with the Company’s intellectual property related to its YER Brands subsidiary in the three months ended March 31, 2023 and 2022. These financial statements include the impairment of inventory, intellectual properties and intangible assets of YER Brands Inc. 1. Restatement of Financial Statements: The Company is restating its financial statements as of and for the three months ended March 31, 2023 and 2022, included in its Original Form 10-Q, due to the identification of impairment of goodwill associated with the Company’s intellectual property related to its YER Brands subsidiary. This impairment occurred subsequent to the filing of the Original Form 10-Q, retroactively, and has resulted in material adjustments to the consolidated interim financial statements. The impairment assessment was performed in accordance with auditing standards generally accepted in the United States (“US GAAP”). 2. Change in Accounting Treatment of Reverse Acquisition: The Company has revised its accounting treatment for a reverse acquisition that was previously reported in its Original Form 10-Q. Upon further evaluation, the Company determined that prior year adjustments were necessary. The Company impaired goodwill and intellectual property and wrote-off inventory of YER Brands Inc. as of the year ended December 31, 2021.
Consolidation	Consolidation The accompanying consolidated unaudited interim financial statements include the accounts of the Sustainable Projects Group Inc., Lithium Harvest ApS and YER Brands Inc. All significant intercompany transactions have been eliminated in the consolidation process.
Operating Leases – Right of Use Assets	Operating Leases – Right of Use Assets In February 2016, the FASB issued ASU 2016-02, Leases (“Topic 842”). The new standard establishes a right-of-use model that requires a lessee to record a right-of-use asset (“ROU asset”) and a lease liability on the balance sheet for all leases with terms longer than 12 months. For leases with an initial term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the term of the lease. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition. Similarly, lessors will be required to classify leases as sales-type, finance or operating, with classification affecting the pattern of income recognition. Classification for both lessees and lessors will be based on an assessment of whether risks and rewards as well as substantive control have been transferred through a lease contract. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. The Company adopted the new standard. The Company has elected not to recognize lease assets and lease liabilities for leases with an initial term of 12 months or less. There are no other material asset leases whether operating or finance except as indicated below. Lithium Harvest has one office lease. The lease conveys no ownership at the end of the lease term and contains no purchase option nor any guarantee of residual value. The lease does not contain renewal periods at the end of the term. The leases are amortized straight line over the entire office lease agreement. The Company uses an annual interest rate of 10% or a rate of 0.83% per month. This operating lease is classified as a right-to-use asset under the new standard (ASU 206-02). The office lease commenced April 1, 2023, and accordingly, no recognition has been recorded in these interim financial statements. During the three months ended March 31, 2023, the lease was classified as a short-term lease.
Significant Accounting Policies	Significant Accounting Policies There have been no material changes in the Company’s significant accounting policies to those previously disclosed in the December 31, 2022 annual report.
Use of estimates	Use of estimates The preparation of the consolidated interim financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Actual results could differ from those estimates.
Segment Reporting	Segment Reporting The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance of its various businesses on a corporation-wide basis. As of March 31, 2023, the Company has three reportable segments: YER Brands, Sustainable Projects Group and Lithium Harvest. The segments are determined based on several factors including the nature of products and services, nature of production processes and delivery channels and consultancy services. Each operating segment’s performance is evaluated based on its segment income. Segment income is defined as gross sales and miscellaneous income. At March 31, 2023, segment income and total assets were reported as follows: Schedule of Segment Reporting For the three For the year Months ended ended March 31, 2023 December 31, 2022 Sales and miscellaneous income Sustainable Projects Group $ - $ - YER Brands - - Lithium Harvest 21,574 - Total Sales $ 21,574 $ - Total Assets Sustainable Projects Group $ 4,406 $ - YER Brands 208 - Lithium Harvest 142,991 42,269 Total Assets $ 147,605 $ 42,269
Revenue Recognition	Revenue Recognition The Company adopted the ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). The Company recognizes revenue in accordance with ASC 606 using the following 5 steps to identify revenues: · identify the contract with a customer; · identify the performance obligations in the contract; · determine the transaction price; · allocate the transaction price to performance obligations in the contract; and · recognize revenue as the performance obligation is satisfied.
Sub-leasing office	Sub-leasing office The Company recognizes revenue when the Company transfers promised services to the customer. The performance obligation is the monthly services rendered. The Company has one main revenue source at the moment from Lithium Harvest, which is sub-leasing office space with and/or without furniture. Accordingly, the Company recognizes revenue when services are provided. These revenues are billed in advance, arrears and/or are prepaid. The performance obligation is the monthly services rendered. Where there is a sub-leasing contract for office space with and/or without furniture, the Company bills monthly for its services as rendered. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account in the new revenue standard. The contract transaction price is allocated to each distinct performance obligation and recognized as revenue when or as the performance obligation is satisfied. Advances from Client’s deposits are contract liabilities with customers that represent our obligation to either transfer goods or services in the future, or refund the amount received. Where possible, we obtain retainers to lessen our risk of non-payment by our customers. Advances from Client’s deposits are recognized as revenue as we meet specified performance obligations as detailed in the contract. The income earned from sub-leasing office space is recognized as “miscellaneous income”.
Accounts Receivable and Concentration of Risk	Accounts Receivable and Concentration of Risk Accounts receivable, net is stated at the amount the Company expects to collect, or the net realizable value. The Company provides a provision for allowances that includes returns, allowances and doubtful accounts equal to the estimated uncollectible amounts. The Company estimates its provision for allowances based on historical collection experience and a review of the current status of trade accounts receivable. It is reasonably possible that the Company’s estimate of the provision for allowances will change.
Income Taxes	Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification (“ASC”) 740, “Income Taxes” (“ASC 740”). Under this method, income tax expense is recognized as the amount of: (i) taxes payable or refundable for the current year and (ii) future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of available evidence it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Recently issued accounting pronouncements	Recently issued accounting pronouncements The Company adopts new pronouncements relating to GAAP applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncements not included above will have a material effect on the Company’s consolidated financial statements.

Summary of accounting policie_2

Summary of accounting policies (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Schedule of Segment Reporting	Schedule of Segment Reporting For the three For the year Months ended ended March 31, 2023 December 31, 2022 Sales and miscellaneous income Sustainable Projects Group $ - $ - YER Brands - - Lithium Harvest 21,574 - Total Sales $ 21,574 $ - Total Assets Sustainable Projects Group $ 4,406 $ - YER Brands 208 - Lithium Harvest 142,991 42,269 Total Assets $ 147,605 $ 42,269

Equipment (Tables)

Equipment (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Equipment	Schedule of Equipment Accumulated Cost Depreciation Net Computer $ 11,885 $ 219 $ 11,666 Equipment 5,000 4,792 208 Machinery under construction 24,887 - 24,887 $ 41,772 $ 5,011 $ 36,761

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible assets	Schedule of Intangible assets Accumulated Cost Depreciation Net Patent - Denmark $ 10,467 $ 136 $ 10,331

Accounts payable and accrued _2

Accounts payable and accrued liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable and accrued liabilities as of March 31, 2023 and December 31, 2022 are summarized as follows: Schedule of Accounts Payable and Accrued Liabilities Accounts Payable: Mar 31, 2023 Dec 31, 2022 Accounting fee $ 11,500 $ - Audit fee 7,400 - Consulting fee 37,500 - Purchase of property, plant and equipment 37,678 - Purchase of patents 13,925 Rental expenses 62,445 - Professional fees 276,721 117,199 Others 64,207 - Total Accounts Payable $ 511,376 $ 117,199 Accrued liabilities: Mar 31, 2023 Dec 31, 2022 Accounting fee 4,000 Audit fee $ 3,228 $ - Total Accrued liabilities $ 7,228 $ -

Related party transactions (Tab

Related party transactions (Tables)	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transaction	Related party transactions as of March 31, 2023 and December 31, 2022 are summarized as follows: Schedule of Related Party Transaction Mar 31, 2023 Dec 31, 2022 Accounts payable $ 417,276 $ 146,402 Accrued liabilities 81,225 - Total $ 498,501 $ 146,402

Organization and Nature of Op_2

Organization and Nature of Operations (Details Narrative) - Securities Agreement [Member] - Common Stock [Member]	Feb. 14, 2023 shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares received, conversion	206,667,233
Increase in outstanding, shares	287,190,813
Convertible Notes Payable [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares received, conversion	71,797,703

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 1,003,837	$ 224,419
Cash on hand	$ 60,701

Schedule of Segment Reporting (

Schedule of Segment Reporting (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Total Sales	$ 21,574
Total Assets	147,605	42,269
Sustainable Projects Group [Member]
Total Sales
Total Assets	4,406
YER Brands [Member]
Total Sales
Total Assets	208
Lithium Harvest [Member]
Total Sales	21,574
Total Assets	$ 142,991	$ 42,269

Other Receivables (Details Narr

Other Receivables (Details Narrative)	3 Months Ended
	Mar. 31, 2023
Other Receivables
Value added tax rate	25%

Schedule of Equipment (Details)

Schedule of Equipment (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Cost	$ 41,772
Accumulated Depreciation	5,011
Net	36,761
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	11,885
Accumulated Depreciation	219
Net	11,666
Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	5,000
Accumulated Depreciation	4,792
Net	208
Machinery Under Construction [Member]
Property, Plant and Equipment [Line Items]
Cost	24,887
Accumulated Depreciation
Net	$ 24,887

Reverse Acquisition (Details Na

Reverse Acquisition (Details Narrative) - Securities Agreement [Member] - Common Stock [Member]	Feb. 14, 2023 USD ($) shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares received, conversion	206,667,233
Increase in outstanding, shares	287,190,813
Purchase value | $	$ 10,333,362
Convertible Notes Payable [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares received, conversion	71,797,703

Schedule of Intangible assets (

Schedule of Intangible assets (Details) - Patents [Member]	Mar. 31, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Cost	$ 10,467
Accumulated Amortization	136
Net	$ 10,331

Schedule of Accounts Payable an

Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accounting fee	$ 11,500
Audit fee	7,400
Consulting fee	37,500
Purchase of property, plant and equipment	37,678
Purchase of patents	13,925
Rental expenses	62,445
Professional fees	276,721	117,199
Others	64,207
Total Accounts Payable	511,376	117,199
Accounting fee	4,000
Audit fee	3,228
Total Accrued liabilities	$ 7,228

Notes payable (Details Narrativ

Notes payable (Details Narrative)				3 Months Ended
	Mar. 29, 2023 USD ($)	Jul. 23, 2021 USD ($)	Mar. 01, 2019 USD ($)	Mar. 31, 2023 USD ($) shares	Mar. 31, 2023 DKK (kr) shares	Mar. 31, 2022 USD ($)	Jun. 22, 2022 USD ($)
Debt Instrument [Line Items]
Promissory note	15%
Accrued interest				$ 12
Convertible feature shares | shares				71,979,703	71,979,703
Management fee				$ 201,591
Promissory note	$ 10,000
Director And Office [Member]
Debt Instrument [Line Items]
Promissory note				3%
Management fee				$ 17,173	kr 118,000
Chief Executive Officer [Member]
Debt Instrument [Line Items]
Management fee				$ 2,183	kr 15,000
Common Stock [Member]
Debt Instrument [Line Items]
Convertible feature shares | shares				71,797,703	71,797,703
Convertible feature value				$ 3,589,885
Convertible Promissory Note Payable [Member]
Debt Instrument [Line Items]
Promissory note		10%
Additional loan advance		$ 100,000					$ 25,000
Debt instrument term		2 years
Debt conversion description		The outstanding principal and unpaid accrued interest will automatically convert into shares of the Company on or before the maturity date upon the closing of a “Qualified Transaction” to an amount equal to 25% of the fully diluted capitalization of the Company on a post-money basis. In the event that the Qualified Transaction is not consummated on or prior to the maturity date, the lender has the right to convert the principal and unpaid accrued interest of the note into shares of the Company to an amount equal to 25% of the fully diluted capitalization of the Company.
Loan Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 50,000
Promissory note			3.50%
Debt Instrument, Maturity Date			Apr. 15, 2022
Accrued interest				$ 7,144

Common stock (Details Narrative

Common stock (Details Narrative) - USD ($)		3 Months Ended
	Feb. 14, 2023	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock issued for convertible loan settlement		71,979,703
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock issued for convertible loan settlement		71,797,703
Common stock issued for convertible loan settlement value		$ 3,589,885
Common Stock [Member] | Convertible Loan Settlement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock issued for convertible loan settlement	71,979,703
Common stock issued for convertible loan settlement value	$ 3,589,885
Lithium Harvest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of common stock, shares	206,667,233
Issuance of common stock, value	$ 10,333,362

Schedule of Related Party Trans

Schedule of Related Party Transaction (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Accounts payable	$ 511,376	$ 117,199
Accrued liabilities	7,228
Related Party [Member]
Related Party Transaction [Line Items]
Accounts payable	417,276	146,402
Accrued liabilities	81,225
Total	$ 498,501	$ 146,402

Related party transactions (Det

Related party transactions (Details Narrative)			3 Months Ended
	Feb. 14, 2023 USD ($)	Feb. 14, 2023 DKK (kr)	Mar. 31, 2023 USD ($)	Mar. 31, 2023 DKK (kr)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 DKK (kr)	Mar. 29, 2023	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Management fees			$ 201,591
Annual salary			53,476
Interest rate percenatge							15%
Related Party [Member]
Related Party Transaction [Line Items]
Notes payable and accrued interest			19,413
Two Related Parties [Member]
Related Party Transaction [Line Items]
Office Expenses			20,647
Director And Officer [Member]
Related Party Transaction [Line Items]
Management fees			15,625
Pocket expenses			1,180
Annual salary			125,000
Lumb sum bonus			25,000
Director And Officer [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Due to related party			110,465
Muehlbauer Chief Technology Officer [Member]
Related Party Transaction [Line Items]
Management fees	$ 25,500
Salaries	12,766
Sune Mathiesen Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Management fees	40,023	kr 275,000
Pocket expenses			1,915			kr 13,157
Annual salary	300,000	2,200,000
Salaries			40,023			275,000
Notes payable and accrued interest			$ 2,195			kr 15,088
Interest rate percenatge			3%			3%
Annual bonus percentage			150%	150%
Director And Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Management fees			$ 284,243	kr 1,953,067
Notes payable and accrued interest			$ 17,217			kr 118,300
Interest rate percenatge			3%			3%
Paw Juul Chief Technology Officer [Member]
Related Party Transaction [Line Items]
Management fees	40,023	275,000
Annual salary	$ 300,000	kr 2,200,000
Annual bonus percentage	150%	150%

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
U.S. federal corporate income tax rate	21%
Denmark corporate income tax rate	22%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)					3 Months Ended
	Aug. 18, 2023 USD ($) shares	May 10, 2023 shares	May 01, 2023 USD ($)	May 01, 2023 DKK (kr)	Mar. 31, 2023 USD ($)	Apr. 28, 2023 USD ($)	Apr. 28, 2023 DKK (kr)	Mar. 29, 2023
Subsequent Event [Line Items]
Interest rate								15%
Gross proceeds					$ (366,607)
Subsequent Event [Member]
Subsequent Event [Line Items]
Total subscriptions	$ 2,246,450
Common stock shares to be issued, value	$ 469,350
Common shares to be issued | shares	1,341,000
Subsequent Event [Member] | Common Stock One [Member]
Subsequent Event [Line Items]
Number of shares issued | shares	1,500,000
Gross proceeds	$ 375,000
Subsequent Event [Member] | Common Stock Two [Member]
Subsequent Event [Line Items]
Number of shares issued | shares	4,006,000
Gross proceeds	$ 1,402,100
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Total subscriptions	$ 2,246,450
Subsequent Event [Member] | Incentive Plan [Member]
Subsequent Event [Line Items]
Number of shares | shares		45,000,000
Subsequent Event [Member] | Lithium Harvest [Member]
Subsequent Event [Line Items]
Annual rent			$ 336,016	kr 2,308,800
Rent advance						$ 252,012	kr 577,200
Deposit | kr							1,154,400
Subsequent Event [Member] | Director And CTO [Member]
Subsequent Event [Line Items]
Loans payable						$ 14,506	kr 99,000
Interest rate						3%	3%