Waste Energy (WAST) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 11, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-55049
Entity Registrant Name	CURRENCYWORKS INC.
Entity Central Index Key	0001515139
Entity Tax Identification Number	27-3098487
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	3250 Oakland Hills Court
Entity Address, City or Town	Fairfield
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94534
City Area Code	424
Local Phone Number	570.9446
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		73,359,430
Entity Information, Former Legal or Registered Name	N/A

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 756,626	$ 567,030
Accounts receivable	130,956
Prepaid expenses	106,968	88,291
Total Current Assets	994,550	655,321
Intangible asset, net	2,850,000	2,925,000
Notes receivable, related party	1,250,000	1,250,000
Investment, related party	480,780	480,780
Interest receivable, related party	66,397	24,773
Total Assets	5,641,727	5,335,874
Current Liabilities
Accounts payable and accrued expenses	1,332,935	1,249,904
Total Current Liabilities	1,332,935	1,249,904
Derivative liability	171,126	474,595
Total Liabilities	1,504,061	1,724,499
Commitments and Contingencies
Stockholders’ Equity
Common stock, $0.001 par value, 400,000,000 shares authorized; 77,953,057 and 73,359,430 shares issued and outstanding as at March 31, 2022 and December 31, 2021, respectively	77,953	73,359
Additional paid-in-capital	41,041,752	39,681,142
Accumulated deficit	(36,474,899)	(35,248,384)
Total CurrencyWorks Stockholders’ Equity	4,644,806	4,506,117
Non-controlling interest	(507,140)	(894,742)
Total Stockholders’ Deficit	4,137,666	3,611,375
Total Liabilities and Stockholders’ Equity	$ 5,641,727	$ 5,335,874

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	77,953,057	73,359,430
Common stock, shares outstanding	77,953,057	73,359,430

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues
Total revenues	$ 1,324,387
Operating expenses
General and administrative expense	2,050,960	1,548,742
Service costs	457,434
Total operating expenses	2,508,934	1,548,742
Net loss from operations	(1,184,007)	(1,548,742)
Other income (expense)
Other income		16,500
Note interest revenue	41,625
Note interest expense		(45,959)
Derivative liability	303,469	(43,294,771)
Total other income (expense)	345,094	(43,324,230)
Net (loss)	(838,913)	(44,872,972)
Income/(Loss) from non-controlling interest	(387,602)	8,968
Net loss attributable to CurrencyWorks	$ (1,226,515)	$ (44,864,004)
Earnings (loss) per common share – Basic	$ (0.02)	$ (1)
Earnings (loss) per common share – Diluted	$ (0.02)	$ (1)
Weighted average number of common shares outstanding, basic and diluted	75,623,518	44,702,061
Service [Member]
Revenues
Total revenues	$ 1,324,387

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net loss for the period	$ (838,913)	$ (44,872,972)
Adjustments to reconcile net loss to net cash used in operating activities
Stock-based compensation	100,871	354,817
Stock-based compensation, related party	554,335	785,345
Derivative liability	(303,469)	43,303,230
Amortization	75,000
Changes in operating assets and liabilities
Accounts receivable	(130,956)	87,500
Prepaid expense	(18,677)	(327,360)
Accounts payable and accrued expenses	274,530	147,228
Accounts payable and accrued expenses, related party		(120,951)
Accrued interest on loans payable, related party		24,284
Accrued interest on notes receivable	(41,624)
Accrued interest on notes payable		(128,737)
Accrued interest on convertible notes		141,954
Net cash used in operating activities	(328,903)	(605,662)
Financing activities
Proceeds from share issuance	518,499	4,577,115
Proceeds from warrants exercise		443,018
Proceeds from options exercise		32,500
Loan repayment		(156,598)
Share issuance cost		(1,210)
Net cash provided by financing activities	518,499	4,894,825
Net changes in cash and equivalents	189,596	4,289,163
Cash and equivalents at beginning of the period	567,030	33,342
Cash and equivalents at end of the period	756,626	4,322,505
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid in interest		56,773
Cash paid for income taxes
Non-cash share issue costs
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Stock-based compensation	100,871	354,817
Stock-based compensation, related party	554,335	785,345
Derivative liability	(303,469)	38,179,236
Conversion of convertible debt
Conversion of accounts payable	$ 191,499

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 35,426	$ 7,895,333	$ (13,323,375)	$ (333,415)	$ (5,726,031)
Beginning balance, shares at Dec. 31, 2020	35,426,033
Stock-based compensation		354,817			354,817
Stock-based compensation, related party		785,345			785,345
Share issuances	$ 11,600	2,506,486			2,518,086
Share issuance, shares	11,600,000
Options exercised	$ 325	32,175			32,500
Options exercised, shares	325,000
Warrants exercised	$ 4,941	11,368,702			11,373,643
Warrants exercised, shares	4,941,250
Net loss for the period			(44,864,004)	(8,968)	(44,872,972)
Ending balance, value at Mar. 31, 2021	$ 52,292	22,942,858	(58,187,379)	(342,383)	(35,534,612)
Ending balance, shares at Mar. 31, 2021	52,292,283
Beginning balance, value at Dec. 31, 2020	$ 35,426	7,895,333	(13,323,375)	(333,415)	$ (5,726,031)
Beginning balance, shares at Dec. 31, 2020	35,426,033
Options exercised, shares					325,000
Warrants exercised, shares					11,221,250
Ending balance, value at Dec. 31, 2021	$ 73,359	39,681,142	(35,248,384)	(894,742)	$ 3,611,375
Ending balance, shares at Dec. 31, 2021	73,359,430
Stock-based compensation		100,871			100,871
Stock-based compensation, related party		554,335			554,335
Share issuances	$ 3,862	556,136			$ 559,998
Share issuance, shares	3,861,207
Options exercised, shares
Warrants exercised, shares
Net loss for the period			(1,226,515)	387,602	$ (838,913)
Debt conversion	$ 488	99,512			100,000
Debt conversion, shares	488,281
Private placement	$ 244	49,756			50,000
Private placement, shares	244,139
Ending balance, value at Mar. 31, 2022	$ 77,953	$ 41,041,752	$ (36,474,899)	$ (507,140)	$ 4,137,666
Ending balance, shares at Mar. 31, 2022	77,953,057

NATURE AND CONTINUANCE OF OPERA

NATURE AND CONTINUANCE OF OPERATIONS	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE AND CONTINUANCE OF OPERATIONS	1. NATURE AND CONTINUANCE OF OPERATIONS CurrencyWorks Inc. (the “Company”) was incorporated under the laws of the State of Nevada July 20, 2010 400,000,000 0.001 On August 12, 2021, the Company’s subsidiary sBetOne, Inc. (“sBetOne”) entered into a business combination with a related party, VON Acquisition Inc. (“VON”) whereby sBetOne became a wholly owned subsidiary of VON. Please see Note 15. On June 22, 2021, we incorporated a new Delaware subsidiary, Motoclub LLC, to create a marketplace for digital automotive collectibles. On June 22, 2021, we incorporated a new Delaware subsidiary, EnderbyWorks, LLC, to create a direct-to-consumer, feature-length film viewing and distribution platform delivering feature-length films and digital collectible entertainment content as NFTs. The Company’s business model is to provide a turnkey set of services for companies to develop and integrate blockchain and cryptocurrency technologies into their business operations. The Company will enable its customers to focus on their core competencies while providing the necessary resources and expertise to execute a strategy that will enable companies to integrate new blockchain plus cryptocurrency technologies into their business operations. The Company will be compensated on a fee-for-services model. The Company may also accept tokens or coins in payment for its services, to the extent permitted under applicable law. The Company’s services will include strategic planning, project planning, structure development and administration, business plan modeling, technology development support, whitepaper preparation, due diligence reporting, governance planning and management. Going Concern These unaudited condensed interim consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $ 36,474,899 35,248,384 The financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The unaudited condensed interim consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America. Basis of Consolidation The unaudited condensed interim consolidated financial statements include the accounts of the Company and its subsidiary, CurrencyWorks USA Inc. (formerly ICOx USA, Inc.), and its majority-owned subsidiaries, Motoclub LLC, and EnderbyWorks, LLC. All intercompany transactions and balances have been eliminated. Unaudited Interim Financial Information The accompanying unaudited condensed interim consolidated financial statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim consolidated financial statements reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited condensed interim consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended December 31, 2021 and notes thereto contained in the information as part of the Company’s Annual Report on Form 10-K, which was filed with the SEC on April 15, 2022. Use of Estimates The preparation of unaudited condensed interim consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and these differences could be material. Cash and Cash Equivalents Cash and cash equivalents include short-term, highly liquid investments, such as certificates of deposit or money market funds that are readily convertible to known amounts of cash and have original maturities of three months or less. All cash balances are held by major banking institutions. The carrying amounts of cash and cash equivalents, prepaid expenses, short-term loans receivable, trade payables and convertible notes payable approximate their fair value due to the short-term maturity of such instruments. Contingent Liabilities The Company accounts for its contingent liabilities in accordance with ASC No. 450 “Contingencies”. A provision is recorded when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. With respect to legal matters, provisions are reviewed and adjusted to reflect the impact of negotiations, estimated settlements, legal rulings, advice of legal counsel and other information and events pertaining to a particular matter. As of March 31, 2022 and December 31, 2021, the Company was not a party to any litigation that could have a material adverse effect on the Company’s business, financial position, results of operations or cash flows. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D) Collectability of Accounts Receivable In considering the collectability of accounts receivable, the Company takes into account the legal obligation for payment by the customer, as well as the financial capacity of the customer to fund its obligation to the Company. The carrying amount of accounts receivable represents the maximum credit exposure on this balance. We have assessed the collectability of the accounts receivables and are not aware of any specific events or circumstances that require an update to our estimates and assumptions or materially affected the carrying value of our assets or liabilities as of the date of issuance of this Quarterly Report on Form 10-Q. These estimates may change as new events occur and additional information is obtained Earnings per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, “Earnings per Share” which requires presentation of both basic and diluted EPS on the face of the statement of operations. Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants (Note 13 and Note 8). Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At March 31, 2022, common shares from the conversion of debt ( nil 8,301,666 21,916,364 12,019,929 5,555,000 17,488,750 Stock-Based Compensation The Company has adopted FASB guidance on stock-based compensation. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. The fair value of the options is calculated based off the Black Scholes valuation model (Note 13). The Company has issued stock options to employees and non-employees. Stock options granted to non-employees for services or performance not yet rendered would be expensed over the service period or until the goals had been reached. The fair value calculation is valued as at the grant date. There were no new stock options granted during the period ended March 31, 2022. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, convertible notes, and payables. The carrying amount of cash and cash equivalents and payables approximates fair value because of the short-term nature of these items. When determining fair value, whenever possible, the Company use observable market data, and relies on unobservable inputs only when observable market data is not available. As of March 31, 2022, and March 31, 2021, the Company did not have any level 1 or 2 financial instruments. Please see Note 14 for additional information on level 3 fair value of financial instruments. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D) Recent Accounting Pronouncements In August 2020, the FASB issued ASU No. 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging Contracts in Entity s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity s Own Equity. ASU 2020-06 will simplify the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock. Limiting the accounting models results in fewer embedded conversion features being separately recognized from the host contract as compared with current GAAP. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU 2020-06 also amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. ASU 2020-06 will be effective for public companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Management has not yet evaluated the impact that the adoption of ASU 2020-06 will have on the Company’s consolidated financial statement presentation or disclosures. Revenue Recognition Revenue is recognized in accordance with FASB ASC Topic 606, Revenue Recognition. The Company recognizes revenue when persuasive evidence of an arrangement exists, the related services are rendered or delivery has occurred. The Company generates revenues from two main sources, NFT sales and professional services consulting agreements. These arrangements are generally recognized upon the sale of the NFT through live auctions and online sales or as consulting revenues on a contingent fee basis. There is no prepayment or retainer required prior to performing services and the entire fees is earned on a contingent basis. The Company also provides monthly post-business launch support services. The recurring monthly post-business launch support services are recognized as revenue each month that the subscription is maintained. The Company’s subsidiaries generate revenue from the sale of NFTs that are auctioned or sold directly. NFT revenue is not recognized until it has been sold. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D) The Company enters into arrangements for which revenues are contingent upon achieving a pre-determined deliverable or future outcome. Any contingent revenue for these arrangements is not recognized until the contingency is resolved and collectability is reasonably assured. Differences between the timing of billings and the recognition of revenue are recognized as either unbilled revenue (a component of accounts receivable) or deferred revenue on the consolidated balance sheet. Revenues recognized for services performed but not yet billed to clients are recorded as unbilled revenue. Reimbursable expenses, including those relating to travel, other out-of-pocket expenses and any third-party costs, are included as a component of revenues. Typically, an equivalent amount of reimbursable expenses are included in total direct client service costs. Taxes collected from customers and remitted to governmental authorities are presented in the statement of operations on a net basis. Costs to obtain contracts are capitalized and amortized over the course of the revenue cycle. Service Costs The Company’s policy is to defer direct service costs that relate to the earning of contingent fee revenue. These deferred costs are expensed when the contingent fee revenue is recognized or when the earning the contingent fee revenue is in doubt. When there are multiple obligations in an agreement or contract, the service costs are recognized based on when it has met the performance obligation and recognized in line with revenues.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
ACCOUNTS RECEIVABLE	3. ACCOUNTS RECEIVABLE As at March 31, 2022, the Company had outstanding accounts receivables of $ 130,956 nil

NOTES RECEIVABLE _ RELATED PART

NOTES RECEIVABLE – RELATED PARTY	3 Months Ended
	Mar. 31, 2022
Notes Receivable Related Party
NOTES RECEIVABLE – RELATED PARTY	4. NOTES RECEIVABLE – RELATED PARTY Effective as of May 5, 2021, we loaned $ 400,000 4 May 5, 2022 Effective as of August 20, 2021, we loaned an additional $ 850,000 10 August 20, 2027 66,397 24,773

INTANGIBLE ASSET

INTANGIBLE ASSET	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSET	5. INTANGIBLE ASSET On July 6, 2021, the Company, through one of its subsidiaries, acquired the rights to a movie for a period of 10 years nil 3,000,000 10 SCHEDULE OF INTANGIBLE ASSETS March 31, 2022 December 31, Cost $ 3,000,000 $ 3,000,000 Accumulated amortization (150,000 ) (75,000 ) Net $ 2,850,000 $ 2,925,000

INVESTMENTS, RELATED PARTY

INVESTMENTS, RELATED PARTY	3 Months Ended
	Mar. 31, 2022
Investments in and Advances to Affiliates [Abstract]
INVESTMENTS, RELATED PARTY	6. INVESTMENTS, RELATED PARTY On August 12, 2021, the Company’s subsidiary sBetOne, Inc. (“sBetOne”) entered into a business combination with a related party, VON Acquisition Inc. (“VON”) whereby sBetOne became a wholly owned subsidiary of VON. The Company received 5,902,174 6.31 59.02 6.31 0.10 During the year ended December 31, 2021, the sBetOne carrying amount in liabilities of $ 824,041 350,942 120,478 SCHEDULE OF INVESTMENTS IN RELATED PARTY March 31, December 31, 2022 2021 Investments, related party $ 480,780 $ 480,780

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITIES	7. DERIVATIVE LIABILITIES In connection with warrants, the Company records derivative liabilities since the strike price is denominated in a currency other than the Company’s functional currency. The warrants are valued on the date of issuance and revalued at each reporting period. The derivative liabilities were revalued at USD$ 171,126 303,469 0.60 0.20 0 51.37 1.14 0.71 1.2496

WARRANTS

WARRANTS	3 Months Ended
	Mar. 31, 2022
Warrants
WARRANTS	8. WARRANTS For the three months ended March 31, 2022, the Company issued 3,813,593 The fair value of each warrant is estimated using the Black-Scholes valuation method. Assumptions used in calculating the fair value at March 31, 2022 were as follows: SCHEDULE OF ASSUMPTIONS OF FAIR VALUE OF WARRANT Weighted Average Inputs Used Annual dividend yield $ - Expected life (years) 0.2 0.85 Risk-free interest rate 0.35 1.35 % Expected volatility 49.26 59.28 % Common stock price (CAD) $ 0.20 Since the expected life of the warrants was greater than the Company’s historical stock information available, the Company determined the expected volatility based on price fluctuations of comparable public companies. 8. WARRANTS (CONT’D) The issuances, exercises and pricing re-sets during the three months ended March 31, 2022, are as follows: SCHEDULE OF ISSUANCES, EXERCISES AND PRICING RE-SETS Outstanding at December 31, 2021 18,102,771 Issuances 3,813,593 Exercises - Anti-Dilution/Modification - Forfeitures/cancellations - Outstanding at March 31, 2022 21,916,364 Weighted Average Price at March 31, 2022 (CAD) $ 0.7088 The intrinsic value of the nil nil

COMMITMENTS

COMMITMENTS	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	9. COMMITMENTS The Company has no outstanding commitments as at March 31, 2022. Litigation From time to time, the Company may be subject to legal proceedings and claims which arise in the ordinary course of business. As of March 31, 2022, there are no legal proceedings.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	10. RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from stockholders until such time as the Company can support its operations through revenue generation or attain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by stockholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The Company engaged two clients to build out their business models, technology strategy, market entry strategy, and capital structure, including a blockchain platform launch. The Company signed an agreement with BIG in which 80 As of January 15, 2021, Business Instincts Group (“BIG”) is no longer considered a related party due to Cameron Chell’s resignation as director and officer from BIG. Cameron also no longer has any beneficial ownership in BIG. On December 4, 2018, the Company appointed Swapan Kakumanu as Chief Financial Officer. Previously, on October 9, 2017, the Company had signed an agreement with a company owned by Swapan Kakumanu to complete the accounting functions of the Company. As of March 31, 2022, the Company had trade and other payables owing to this related party of $ 22,500 46,688 400,000 Effective as of August 20, 2021, we loaned an additional $ 850,000 10 August 20, 2027 66,397 On August 12, 2021, the Company’s subsidiary sBetOne entered into a business combination with a related party, VON whereby sBetOne became a wholly owned subsidiary of VON. The Company received 5,902,174 6.31 0.10 As at March 31, 2022, the Company had outstanding notes receivable from a related party of $ 1,250,000 1,250,000

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	11. REVENUE The majority of revenue streams in 2022 relates to the movie distribution revenue and 2021 mainly related to NFT sales with the remainder related to consulting revenue. Please refer to Note 2 for revenue recognition methodology.

SHARE CAPITAL

SHARE CAPITAL	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
SHARE CAPITAL	12. SHARE CAPITAL Some of the warrants issued by the Company are denominated in CAD at issuance. The Company’s functional currency is USD. Under U.S. GAAP, where the strike price of warrants is denominated in a currency other than an entity’s functional currency the warrants would not be considered indexed to the entity’s own stock and would consequently be considered to be a derivative liability. Therefore, the value of the warrants denominated in CAD needs to be included as a derivative liability. On January 5, 2021 the Company completed a private placement where 2,400,000 0.40 300,000 236,090 1,559,108 February 4, 2021 the Company completed a private placement where 8,000,000 0.50 4,000,000 3,118,179 1,818,140 On March 23, 2021, the Company completed a private placement where 1,200,000 1 1,200,000 On May 11, 2021, 4,504,600 135,138 3,413,700 341,370 824,041 On July 14, 2021, the Company completed a registered direct offering where 4,687,500 0.80 3,750,000 On November 29, 2021, the Company converted debt for services rendered where 51,217 On December 29, 2021, the Company completed a registered direct offering where 1,956,521 0.23 450,000 On December 29, 2021, the Company completed a private placement where 173,609 0.288 50,000 On January 28, 2022, the Company completed a private placement where 244,139 0.2048 50,000 On January 28, 2022, the Company completed a debt conversion where 488,281 0.2048 100,000 On January 28, 2022, the Company completed a private placement where 1,221,001 0.1638 200,000 On February 11, 2022, the Company completed a private placement where 47,614 0.21 9,999 12. SHARE CAPITAL (CONT’D) On February 28, 2022, the Company completed a private placement where 2,592,592 0.135 350,000 During the three months ended March 31, 2022, there were nil nil 11,221,250 325,000

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
STOCK-BASED COMPENSATION	13. STOCK-BASED COMPENSATION The Company has adopted the 2017 Equity Incentive Plan (“the Plan”) under which non-transferable options to purchase common shares of the Company may be granted to directors, officers, employees, or consultants of the Company. The terms of the Plan provide that our board of directors may grant options to acquire common shares of the Company at not less than 100% of the greater of: (i) the fair market value of the shares underlying the options on the grant date and (ii) the fair market value of the shares underlying the options on the date preceding the grant date at terms of up to ten years. 13,300,000 8,301,666 5,555,000 4,998,334 1,430,207 The Company has also granted stock options to non-employees. These stock options were granted to consultants who have provided their services for cash compensation below cost, with the stock options providing additional compensation in lieu of cash. On February 10, 2021, the Company granted a total of 2,200,000 1.17 ten years 1.09 (i) 1/3 the date of the grant; (ii) 1/3 on the first anniversary date; and (iii) 1/3 on the second anniversary date. On March 19, 2021, the Company granted a total of 180,000 3.19 ten years 2.87 (i) 1/3 the date of the grant; (ii) 1/3 on the first anniversary date; and (iii) 1/3 on the second anniversary date. On May 5, 2021, the Company granted a total of 180,000 1.78 ten years 1.6520 (i) 1/3 on the first anniversary date; (ii) 1/3 on the second anniversary date; and (iii) 1/3 on the third anniversary date. On June 15, 2021, the Company granted a total of 2,900,000 1.16 ten years 1.0720 (i) 1/3 on the first anniversary date; (ii) 1/3 on the second anniversary date; and (iii) 1/3 on the third anniversary date. 13. STOCK-BASED COMPENSATION (CONT’D) On September 9, 2021, the Company granted a total of 250,000 0.55 five years 0.3180 (i) 1/5 on the first anniversary date; (ii) 1/5 on the second anniversary date; (iii) 1/5 on the third anniversary date; (iv) 1/5 on the fourth anniversary date; and (v) 1/5 on the fifth anniversary date. Stock-based compensation expense recognized for the periods ended March 31, 2022 and 2021 were $ 655,206 1,140,162 SCHEDULE OF ASSUMPTION USED Three Months Ended March 31, 2022 2021 Share price $ - $ 1.17 3.09 Exercise price $ - $ 1.17 3.19 Time to maturity (years) - 10 Risk-free interest rate - 1.15 1.74 % Expected volatility - 112.46 113.17 % Dividend per share $ - $ 0.00 Forfeiture rate - Nil SCHEDULE OF STOCK OPTION ACTIVITY Number of Options Weighted Average Grant-Date Fair Value ($) Weighted Average Exercise Price ($) Weighted Average Remaining Life (Yrs) Options outstanding, December 31, 2021 8,301,666 0.79 0.86 8.1 Granted - - - - Exercised - - - - Forfeited - - - - Options outstanding, March 31, 2022 8,301,666 0.79 0.86 7.8 Options exercisable, March 31, 2022 5,486,661 0.62 0.67 7.2

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2022
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS	14. FINANCIAL INSTRUMENTS Fair value is an exit price representing the amount that would be received to sell an asset or aid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a base for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value: ● Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2: Observable inputs that reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means. 14. FINANCIAL INSTRUMENTS (CONT’D) ● Level 3: unobservable inputs reflecting our own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participants assumptions that are reasonably available. Investment in related party The derivative liabilities would be classified as a level 3 financial instrument. SCHEDULE OF DERIVATIVE LIABILITIES March 31, December 31, 2022 2021 Investment in related party $ 480,780 $ 480,780 The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE Warrants Derivative liability at December 31, 2021 $ 474,595 Addition of new conversion option derivatives - Warrant exercise - Change in fair value (303,469 ) Derivative liability at March 31, 2022 $ 171,126 Please see Note 7 for additional information on the related observable inputs.

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
NON-CONTROLLING INTEREST	15. NON-CONTROLLING INTEREST For sBetOne, Inc., on April 1, 2019, the Company transferred 2,000,000 1,097,826 2,097,826 59.02 On August 12, 2021, the Company’s subsidiary sBetOne, Inc. (“sBetOne”) entered into a business combination with a related party, VON Acquisition Inc. (“VON”) whereby sBetOne became a wholly owned subsidiary of VON. The Company received 5,902,174 6.31 The transition from having a 59.02% ownership in sBetOne to having a 6.31% ownership in VON has led the Company to deconsolidate sBetOne from the Company’s financial statements and record the ownership of VON as an investment On June 22, 2021, the Company incorporated a new Delaware subsidiary, EnderbyWorks, LLC, in which the Company owns 51 80 The following table sets forth a summary of the changes in non-controlling interest: SUMMARY OF CHANGES IN NON-CONTROLLING INTEREST Non-controlling interest at December 31, 2021 $ (894,742 ) Net income 387,602 Non-controlling interest at March 31, 2022 $ (507,140 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	16. SUBSEQUENT EVENTS Effective as of May 5, 2021, we loaned $ 400,000 4 May 5, 2022

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed interim consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America.
Basis of Consolidation	Basis of Consolidation The unaudited condensed interim consolidated financial statements include the accounts of the Company and its subsidiary, CurrencyWorks USA Inc. (formerly ICOx USA, Inc.), and its majority-owned subsidiaries, Motoclub LLC, and EnderbyWorks, LLC. All intercompany transactions and balances have been eliminated.
Unaudited Interim Financial Information	Unaudited Interim Financial Information The accompanying unaudited condensed interim consolidated financial statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim consolidated financial statements reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited condensed interim consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended December 31, 2021 and notes thereto contained in the information as part of the Company’s Annual Report on Form 10-K, which was filed with the SEC on April 15, 2022.
Use of Estimates	Use of Estimates The preparation of unaudited condensed interim consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and these differences could be material.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include short-term, highly liquid investments, such as certificates of deposit or money market funds that are readily convertible to known amounts of cash and have original maturities of three months or less. All cash balances are held by major banking institutions. The carrying amounts of cash and cash equivalents, prepaid expenses, short-term loans receivable, trade payables and convertible notes payable approximate their fair value due to the short-term maturity of such instruments.
Contingent Liabilities	Contingent Liabilities The Company accounts for its contingent liabilities in accordance with ASC No. 450 “Contingencies”. A provision is recorded when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. With respect to legal matters, provisions are reviewed and adjusted to reflect the impact of negotiations, estimated settlements, legal rulings, advice of legal counsel and other information and events pertaining to a particular matter. As of March 31, 2022 and December 31, 2021, the Company was not a party to any litigation that could have a material adverse effect on the Company’s business, financial position, results of operations or cash flows. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
Collectability of Accounts Receivable	Collectability of Accounts Receivable In considering the collectability of accounts receivable, the Company takes into account the legal obligation for payment by the customer, as well as the financial capacity of the customer to fund its obligation to the Company. The carrying amount of accounts receivable represents the maximum credit exposure on this balance. We have assessed the collectability of the accounts receivables and are not aware of any specific events or circumstances that require an update to our estimates and assumptions or materially affected the carrying value of our assets or liabilities as of the date of issuance of this Quarterly Report on Form 10-Q. These estimates may change as new events occur and additional information is obtained
Earnings per Share	Earnings per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, “Earnings per Share” which requires presentation of both basic and diluted EPS on the face of the statement of operations. Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants (Note 13 and Note 8). Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At March 31, 2022, common shares from the conversion of debt ( nil 8,301,666 21,916,364 12,019,929 5,555,000 17,488,750
Stock-Based Compensation	Stock-Based Compensation The Company has adopted FASB guidance on stock-based compensation. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. The fair value of the options is calculated based off the Black Scholes valuation model (Note 13). The Company has issued stock options to employees and non-employees. Stock options granted to non-employees for services or performance not yet rendered would be expensed over the service period or until the goals had been reached. The fair value calculation is valued as at the grant date. There were no new stock options granted during the period ended March 31, 2022.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, convertible notes, and payables. The carrying amount of cash and cash equivalents and payables approximates fair value because of the short-term nature of these items. When determining fair value, whenever possible, the Company use observable market data, and relies on unobservable inputs only when observable market data is not available. As of March 31, 2022, and March 31, 2021, the Company did not have any level 1 or 2 financial instruments. Please see Note 14 for additional information on level 3 fair value of financial instruments. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2020, the FASB issued ASU No. 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging Contracts in Entity s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity s Own Equity. ASU 2020-06 will simplify the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock. Limiting the accounting models results in fewer embedded conversion features being separately recognized from the host contract as compared with current GAAP. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU 2020-06 also amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. ASU 2020-06 will be effective for public companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Management has not yet evaluated the impact that the adoption of ASU 2020-06 will have on the Company’s consolidated financial statement presentation or disclosures.
Revenue Recognition	Revenue Recognition Revenue is recognized in accordance with FASB ASC Topic 606, Revenue Recognition. The Company recognizes revenue when persuasive evidence of an arrangement exists, the related services are rendered or delivery has occurred. The Company generates revenues from two main sources, NFT sales and professional services consulting agreements. These arrangements are generally recognized upon the sale of the NFT through live auctions and online sales or as consulting revenues on a contingent fee basis. There is no prepayment or retainer required prior to performing services and the entire fees is earned on a contingent basis. The Company also provides monthly post-business launch support services. The recurring monthly post-business launch support services are recognized as revenue each month that the subscription is maintained. The Company’s subsidiaries generate revenue from the sale of NFTs that are auctioned or sold directly. NFT revenue is not recognized until it has been sold. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D) The Company enters into arrangements for which revenues are contingent upon achieving a pre-determined deliverable or future outcome. Any contingent revenue for these arrangements is not recognized until the contingency is resolved and collectability is reasonably assured. Differences between the timing of billings and the recognition of revenue are recognized as either unbilled revenue (a component of accounts receivable) or deferred revenue on the consolidated balance sheet. Revenues recognized for services performed but not yet billed to clients are recorded as unbilled revenue. Reimbursable expenses, including those relating to travel, other out-of-pocket expenses and any third-party costs, are included as a component of revenues. Typically, an equivalent amount of reimbursable expenses are included in total direct client service costs. Taxes collected from customers and remitted to governmental authorities are presented in the statement of operations on a net basis. Costs to obtain contracts are capitalized and amortized over the course of the revenue cycle.
Service Costs	Service Costs The Company’s policy is to defer direct service costs that relate to the earning of contingent fee revenue. These deferred costs are expensed when the contingent fee revenue is recognized or when the earning the contingent fee revenue is in doubt. When there are multiple obligations in an agreement or contract, the service costs are recognized based on when it has met the performance obligation and recognized in line with revenues.

INTANGIBLE ASSET (Tables)

INTANGIBLE ASSET (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS	SCHEDULE OF INTANGIBLE ASSETS March 31, 2022 December 31, Cost $ 3,000,000 $ 3,000,000 Accumulated amortization (150,000 ) (75,000 ) Net $ 2,850,000 $ 2,925,000

INVESTMENTS, RELATED PARTY (Tab

INVESTMENTS, RELATED PARTY (Tables)	3 Months Ended
	Mar. 31, 2022
Investments in and Advances to Affiliates [Abstract]
SCHEDULE OF INVESTMENTS IN RELATED PARTY	SCHEDULE OF INVESTMENTS IN RELATED PARTY March 31, December 31, 2022 2021 Investments, related party $ 480,780 $ 480,780

WARRANTS (Tables)

WARRANTS (Tables)	3 Months Ended
	Mar. 31, 2022
Warrants
SCHEDULE OF ASSUMPTIONS OF FAIR VALUE OF WARRANT	The fair value of each warrant is estimated using the Black-Scholes valuation method. Assumptions used in calculating the fair value at March 31, 2022 were as follows: SCHEDULE OF ASSUMPTIONS OF FAIR VALUE OF WARRANT Weighted Average Inputs Used Annual dividend yield $ - Expected life (years) 0.2 0.85 Risk-free interest rate 0.35 1.35 % Expected volatility 49.26 59.28 % Common stock price (CAD) $ 0.20
SCHEDULE OF ISSUANCES, EXERCISES AND PRICING RE-SETS	The issuances, exercises and pricing re-sets during the three months ended March 31, 2022, are as follows: SCHEDULE OF ISSUANCES, EXERCISES AND PRICING RE-SETS Outstanding at December 31, 2021 18,102,771 Issuances 3,813,593 Exercises - Anti-Dilution/Modification - Forfeitures/cancellations - Outstanding at March 31, 2022 21,916,364 Weighted Average Price at March 31, 2022 (CAD) $ 0.7088

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
SCHEDULE OF ASSUMPTION USED	SCHEDULE OF ASSUMPTION USED Three Months Ended March 31, 2022 2021 Share price $ - $ 1.17 3.09 Exercise price $ - $ 1.17 3.19 Time to maturity (years) - 10 Risk-free interest rate - 1.15 1.74 % Expected volatility - 112.46 113.17 % Dividend per share $ - $ 0.00 Forfeiture rate - Nil
SCHEDULE OF STOCK OPTION ACTIVITY	SCHEDULE OF STOCK OPTION ACTIVITY Number of Options Weighted Average Grant-Date Fair Value ($) Weighted Average Exercise Price ($) Weighted Average Remaining Life (Yrs) Options outstanding, December 31, 2021 8,301,666 0.79 0.86 8.1 Granted - - - - Exercised - - - - Forfeited - - - - Options outstanding, March 31, 2022 8,301,666 0.79 0.86 7.8 Options exercisable, March 31, 2022 5,486,661 0.62 0.67 7.2

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, All Other Investments [Abstract]
SCHEDULE OF DERIVATIVE LIABILITIES	The derivative liabilities would be classified as a level 3 financial instrument. SCHEDULE OF DERIVATIVE LIABILITIES March 31, December 31, 2022 2021 Investment in related party $ 480,780 $ 480,780
SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE	The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE Warrants Derivative liability at December 31, 2021 $ 474,595 Addition of new conversion option derivatives - Warrant exercise - Change in fair value (303,469 ) Derivative liability at March 31, 2022 $ 171,126

NON-CONTROLLING INTEREST (Table

NON-CONTROLLING INTEREST (Tables)	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
SUMMARY OF CHANGES IN NON-CONTROLLING INTEREST	The following table sets forth a summary of the changes in non-controlling interest: SUMMARY OF CHANGES IN NON-CONTROLLING INTEREST Non-controlling interest at December 31, 2021 $ (894,742 ) Net income 387,602 Non-controlling interest at March 31, 2022 $ (507,140 )

NATURE AND CONTINUANCE OF OPE_2

NATURE AND CONTINUANCE OF OPERATIONS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Jul. 20, 2010
Organization, Consolidation and Presentation of Financial Statements [Abstract]
State or country of incorporation	NV
Date of incorporation	Jul. 20, 2010
Common stock, shares authorized	400,000,000	400,000,000	400,000,000
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Accumulated deficit	$ 36,474,899	$ 35,248,384

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Conversion of Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti dilutive common shares excluded		12,019,929
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti dilutive common shares excluded	8,301,666	5,555,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti dilutive common shares excluded	21,916,364	17,488,750

ACCOUNTS RECEIVABLE (Details Na

ACCOUNTS RECEIVABLE (Details Narrative) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Accounts receivable	$ 130,956

NOTES RECEIVABLE _ RELATED PA_2

NOTES RECEIVABLE – RELATED PARTY (Details Narrative) - USD ($)	Aug. 20, 2021	May 05, 2021	Mar. 31, 2022	Dec. 31, 2021
Notes receivable			$ 1,250,000	$ 1,250,000
Interest Receivable, Current			$ 66,397	$ 24,773
Fogdog Energy Solutions Inc [Member]
Notes receivable	$ 850,000	$ 400,000
Interest rate, percentage	10.00%	4.00%
Maturity date	Aug. 20, 2027	May 5, 2022

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Cost	$ 3,000,000	$ 3,000,000
Accumulated amortization	(150,000)	(75,000)
Net	$ 2,850,000	$ 2,925,000

INTANGIBLE ASSET (Details Narra

INTANGIBLE ASSET (Details Narrative) - USD ($)	Jul. 06, 2021	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	10 years
Finite-Lived Intangible Assets Acquired			$ 3,000,000
Finite-Lived Intangible Assets, Remaining Amortization Period		10 years

SCHEDULE OF INVESTMENTS IN RELA

SCHEDULE OF INVESTMENTS IN RELATED PARTY (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Investments in and Advances to Affiliates [Abstract]
Investments, related party	$ 480,780	$ 480,780

INVESTMENTS, RELATED PARTY (Det

INVESTMENTS, RELATED PARTY (Details Narrative)	Aug. 12, 2021$ / sharesshares	Dec. 31, 2021USD ($)	Feb. 11, 2022$ / shares	Jan. 28, 2022$ / shares	Aug. 12, 2021$ / shares
Schedule of Investments [Line Items]
Issued price per share | (per share)	$ 0.10		$ 0.21	$ 0.2048	$ 0.10
SBetOne Inc [Member]
Schedule of Investments [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities		$ 824,041
Net Income (Loss) from Real Estate Investment Partnership, Attributable to Noncontrolling Interest		350,942
Bset One Inc [Member]
Schedule of Investments [Line Items]
Deconsolidation, Gain (Loss), Amount		$ 120,478
SBetOne Inc [Member]
Schedule of Investments [Line Items]
Ownership percentage	59.02%				59.02%
VON Acquisition Inc [Member]
Schedule of Investments [Line Items]
Ownership percentage	6.31%				6.31%
VON Acquisition Inc [Member]
Schedule of Investments [Line Items]
Common shares received | shares	5,902,174
Outstanding common shares percentage	6.31%				6.31%

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details Narrative)	3 Months Ended
	Mar. 31, 2022USD ($)$ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability | $	$ 171,126
Derivative, Loss on Derivative | $	$ 303,469
Measurement Input, Exercise Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input | $ / shares	0.60
Stock Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input | $ / shares	0.20
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	51.37
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	1.14
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input term	8 months 15 days
Foreign Exchange Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	1.2496

SCHEDULE OF ASSUMPTIONS OF FAIR

SCHEDULE OF ASSUMPTIONS OF FAIR VALUE OF WARRANT (Details) - Mar. 31, 2022	$ / shares	$ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Common stock price | (per share)	$ 0.7088	$ 0.20
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input
Measurement Input, Expected Term [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, term	2 months 12 days	2 months 12 days
Measurement Input, Expected Term [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, term	10 months 6 days	10 months 6 days
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0.35	0.35
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	1.35	1.35
Measurement Input, Price Volatility [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	49.26	49.26
Measurement Input, Price Volatility [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	59.28	59.28

SCHEDULE OF ISSUANCES, EXERCISE

SCHEDULE OF ISSUANCES, EXERCISES AND PRICING RE-SETS (Details) - 3 months ended Mar. 31, 2022	USD ($)$ / shares	$ / shares
Warrants
Outstanding beginning	$ 18,102,771
Warrant issuances	3,813,593
Warrant exercises
Anti-Dilution/Modification
Warrant Forfeitures
Outstanding end	$ 21,916,364
Weighted Average Price | (per share)	$ 0.7088	$ 0.20

WARRANTS (Details Narrative)

WARRANTS (Details Narrative)	3 Months Ended
	Mar. 31, 2022USD ($)shares
Number of warrant shares issued	3,813,593
Warrant [Member]
Number of warrants exercised
Warrant, intrinsic value | $

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Nov. 29, 2021shares	Aug. 20, 2021USD ($)	Aug. 12, 2021$ / sharesshares	May 05, 2021USD ($)	Mar. 31, 2022USD ($)	Feb. 11, 2022$ / shares	Jan. 28, 2022$ / shares	Dec. 31, 2021USD ($)	Aug. 12, 2021$ / shares
Related Party Transaction [Line Items]
Interest receivable, current					$ 66,397			$ 24,773
Stock Issued During Period, Shares, New Issues | shares	51,217
Shares Issued, Price Per Share | (per share)			$ 0.10			$ 0.21	$ 0.2048		$ 0.10
Notes Receivable, Related Parties, Current					1,250,000			1,250,000
VON Acquisition Inc [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues | shares			5,902,174
Business Acquisition, Percentage of Voting Interests Acquired			6.31%						6.31%
Fogdog Energy Solutions Inc [Member]
Related Party Transaction [Line Items]
Convertible notes payable, current				$ 400,000
Additional loan		$ 850,000
Interest rate		10.00%
Maturity date		Aug. 20, 2027		May 5, 2022
Notes Receivable, Related Parties, Current		$ 850,000		$ 400,000
Loan Agreement [Member]
Related Party Transaction [Line Items]
Due to related parties, current					$ 22,500			$ 46,688
Business Instincts Group [Member]
Related Party Transaction [Line Items]
Percentage of revenue received								80.00%

SHARE CAPITAL (Details Narrativ

SHARE CAPITAL (Details Narrative)	Feb. 28, 2022USD ($)$ / sharesshares	Feb. 11, 2022USD ($)$ / sharesshares	Jan. 28, 2022USD ($)$ / sharesshares	Dec. 29, 2021USD ($)$ / sharesshares	Nov. 29, 2021shares	Jul. 14, 2021USD ($)$ / sharesshares	Jun. 25, 2021USD ($)shares	May 11, 2021USD ($)shares	Mar. 23, 2021USD ($)$ / sharesshares	Feb. 04, 2021USD ($)shares	Feb. 04, 2021CAD ($)$ / sharesshares	Jan. 05, 2021USD ($)shares	Jan. 05, 2021CAD ($)$ / sharesshares	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)	Dec. 31, 2021shares	Dec. 28, 2021$ / shares	Aug. 12, 2021$ / shares	Aug. 12, 2021$ / shares
Subsidiary, Sale of Stock [Line Items]
Share issuance, shares					51,217
Shares issued price per share | (per share)		$ 0.21	$ 0.2048															$ 0.10	$ 0.10
Gross proceeds from private placement | $			$ 100,000											$ 518,499	$ 4,577,115
Number of common shares issued for debt conversion			488,281				3,413,700	4,504,600
Debt conversion value | $							$ 341,370	$ 135,138
Stock Issued During Period, Shares, Issued for Services		47,614
Warrants exercised, shares																11,221,250
Options exercised, shares																325,000
SBetOne Inc [Member]
Subsidiary, Sale of Stock [Line Items]
Debt conversion value | $								$ 824,041
One Share of Common Stock and One Warrant [Member]
Subsidiary, Sale of Stock [Line Items]
Share issuance, shares	2,592,592
Shares issued price per share | $ / shares	$ 0.135
Private Placement [Member]
Subsidiary, Sale of Stock [Line Items]
Share issuance, shares			244,139	173,609					1,200,000	8,000,000	8,000,000	2,400,000	2,400,000
Shares issued price per share | $ / shares			$ 0.2048	$ 0.288
Gross proceeds from private placement	$ 350,000	$ 9,999	$ 50,000	$ 50,000					$ 1,200,000	$ 3,118,179	$ 4,000,000	$ 236,090	$ 300,000
Derivative liability valuation | $										$ 1,818,140		$ 1,559,108
Private Placement [Member] | One Share of Common Stock and One Warrant [Member]
Subsidiary, Sale of Stock [Line Items]
Share issuance, shares			1,221,001	1,956,521
Shares issued price per share | (per share)				$ 0.23					$ 1		$ 0.50		$ 0.40				$ 0.1638
Gross proceeds from private placement | $			$ 200,000	$ 450,000
Direct Offering [Member]
Subsidiary, Sale of Stock [Line Items]
Share issuance, shares						4,687,500
Gross proceeds from private placement | $						$ 3,750,000
Direct Offering [Member] | One Share of Common Stock and One Warrant [Member]
Subsidiary, Sale of Stock [Line Items]
Shares issued price per share | $ / shares						$ 0.80

SCHEDULE OF ASSUMPTION USED (De

SCHEDULE OF ASSUMPTION USED (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Share Price
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate
Dividend per share		$ 0
Forfeiture rate
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Share Price		1.17
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price		$ 1.17
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		1.15%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate		112.46%
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Share Price		$ 3.09
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price		$ 3.19
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		1.74%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate		113.17%

SCHEDULE OF STOCK OPTION ACTIVI

SCHEDULE OF STOCK OPTION ACTIVITY (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Number of Options, Exercised		(325,000)
Share-Based Payment Arrangement, Option [Member]
Option Indexed to Issuer's Equity [Line Items]
Number of Options, Outstanding Beginning Balance	8,301,666
Weighted Average Grant-Date Fair Value, Options Outstanding, Beginning Balance	$ 0.79
Weighted Average Exercise Price, Options Outstanding, Beginning Balance	$ 0.86
Weighted Average Remaining Life (Yrs), Options Outstanding, Beginning Balance	8 years 1 month 6 days
Number of Options, Granted
Weighted Average Grant-Date Fair Value, Granted
Weighted Average Exercise Price, Granted
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Number of Options, Exercised
Weighted Average Grant-Date Fair Value, Exercised
Weighted Average Exercise Price, Exercised
Number of Options, Forfeited
Weighted Average Grant-Date Fair Value, Forfeited
Weighted Average Exercise Price, Forfeited
Number of Options, Outstanding Ending Balance	8,301,666	8,301,666
Weighted Average Grant-Date Fair Value, Options Outstanding, Ending Balance	$ 0.79	$ 0.79
Weighted Average Exercise Price, Options Outstanding, Ending Balance	$ 0.86	$ 0.86
Weighted Average Remaining Life (Yrs), Options Outstanding, Ending Balance	7 years 9 months 18 days
Number of Options, Exercisable, Ending Balance	5,486,661
Weighted Average Grant-Date Fair Value, Options Outstanding, Ending Balance	$ 0.62
Weighted Average Exercise Price, Options Exercisable, Ending Balance	$ 0.67
Weighted Average Remaining Life (Yrs), Options Exercisable	7 years 2 months 12 days

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details Narrative) - USD ($)	Sep. 09, 2021	Jun. 15, 2021	May 05, 2021	Mar. 19, 2021	Feb. 10, 2021	Mar. 31, 2022	Mar. 31, 2021	Apr. 26, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock based compensation						$ 100,871	$ 354,817
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of stock options granted
Stock options exercise price						$ 0.67
Fair value of stock option granted, price per share
Stock based compensation						$ 655,206	$ 1,140,162
Officers and Directors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of stock options granted					2,200,000
Stock options exercise price					$ 1.17
Stock options exercisable term					10 years
Fair value of stock option granted, price per share					$ 1.09
Consultant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of stock options granted	250,000	2,900,000	180,000	180,000
Stock options exercise price	$ 0.55	$ 1.16	$ 1.78	$ 3.19
Stock options exercisable term	5 years	10 years	10 years	10 years
Fair value of stock option granted, price per share	$ 0.3180	$ 1.0720	$ 1.6520	$ 2.87
2017 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Description on equity incentive plan						The terms of the Plan provide that our board of directors may grant options to acquire common shares of the Company at not less than 100% of the greater of: (i) the fair market value of the shares underlying the options on the grant date and (ii) the fair market value of the shares underlying the options on the date preceding the grant date at terms of up to ten years.
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant								13,300,000
Number of stock options granted						8,301,666	5,555,000
Stock options unissued						4,998,334	1,430,207

SCHEDULE OF DERIVATIVE LIABILIT

SCHEDULE OF DERIVATIVE LIABILITIES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Investment in related party	$ 480,780	$ 480,780

SCHEDULE OF DERIVATIVE LIABIL_2

SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative liability, beginning balance	$ 474,595
Change in fair value	303,469	$ (43,294,771)
Derivative liability, ending balance	171,126
Warrant [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative liability, beginning balance	474,595
Addition of new conversion option derivatives
Warrant exercise
Change in fair value	(303,469)
Derivative liability, ending balance	$ 171,126

SUMMARY OF CHANGES IN NON-CONTR

SUMMARY OF CHANGES IN NON-CONTROLLING INTEREST (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Noncontrolling Interest [Abstract]
Non-controlling interest at beginning of period	$ (894,742)
Net income	387,602	$ (8,968)
Non-controlling interest at end of period	$ (507,140)

NON-CONTROLLING INTEREST (Detai

NON-CONTROLLING INTEREST (Details Narrative) - shares	Nov. 29, 2021	Aug. 12, 2021	Apr. 02, 2019	Jun. 22, 2021
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues	51,217
EnderbyWorks, LLC [Member]
Noncontrolling Interest [Line Items]
Equity ownership percentage				51.00%
Motoclub LLC [Member]
Noncontrolling Interest [Line Items]
Equity ownership percentage				80.00%
VON Acquisition Inc [Member]
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues		5,902,174
Stock Issued During Period, Shares, Acquisitions		5,902,174
Business Acquisition, Percentage of Voting Interests Acquired		6.31%
Business Acquisition, Description of Acquired Entity		The transition from having a 59.02% ownership in sBetOne to having a 6.31% ownership in VON has led the Company to deconsolidate sBetOne from the Company’s financial statements and record the ownership of VON as an investment
SBetOne Inc [Member] | Third Party [Member]
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues			2,000,000
Shares Issued, Shares, Share-Based Payment Arrangement, Forfeited			1,097,826
Share-Based Compensation Arrangement by Share-Based Payment Award, Other Share Increase (Decrease)			2,097,826
Sale of Stock, Percentage of Ownership after Transaction			59.02%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Aug. 20, 2021	May 05, 2021	Mar. 31, 2022	Dec. 31, 2021
Notes Receivable, Related Parties, Current			$ 1,250,000	$ 1,250,000
Fogdog Energy Solutions Inc [Member]
Notes Receivable, Related Parties, Current	$ 850,000	$ 400,000
Debt Instrument, Interest Rate, Effective Percentage	10.00%	4.00%
Debt Instrument, Maturity Date	Aug. 20, 2027	May 5, 2022