Sollensys (SOLS) 10-K 30 Mar 22 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 30, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	333-174581
Entity Registrant Name	Sollensys Corp
Entity Central Index Key	0001519177
Entity Tax Identification Number	80-0651816
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1470 Treeland Blvd SE
Entity Address, City or Town	Palm Bay
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32909
City Area Code	(866)
Local Phone Number	438-7657
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 677,545,794
Entity Common Stock, Shares Outstanding		100,874,486
Auditor Name	MaloneBailey, LLP
Auditor Location	Houston, Texas
Auditor Firm ID	206

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 592,534	$ 129,624
Accounts receivable	1,717	0
Inventory	78,000	54,000
Prepaid expenses	60,749	0
Total current assets	733,000	183,624
Property and equipment, net	2,944,830	0
Other assets	17,994	0
Goodwill	200,199	0
Intangible assets, net	194,638	0
Total assets	4,090,661	183,624
Current liabilities:
Accounts payable	66,268	0
Accrued expenses	195,589	46,134
Deferred revenue	437,731	17,143
Notes payable	2,505,553	0
Total current liabilities	3,205,141	63,277
Notes payable - long term	19,137	0
Deferred revenue - long term	205,714	72,857
Total liabilities	3,429,992	136,134
Commitments and contingencies	0	0
Stockholders’ Equity:
Preferred stock, Series A, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2021 and 2020	0	0
Common stock, $0.001 par value, 300,000,000 shares authorized; 100,715,736 and 99,354,547 shares issued and outstanding as of December 31, 2021 and 2020, respectively	100,716	99,355
Additional paid-in capital	8,527,616	3,390,213
Accumulated deficit	(7,967,663)	(3,442,078)
Total stockholders’ equity	660,669	47,490
Total liabilities and equity	$ 4,090,661	$ 183,624

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	100,715,736	100,715,736
Common Stock, Shares, Outstanding	99,354,547	99,354,547

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 180,000	$ 182,321
Cost of sales	30,000	384,908
Gross margin	150,000	(202,587)
Operating expenses:
General and administrative expense	3,063,903	4,253,875
Total operating expenses	3,063,903	4,253,875
Loss from operations	(2,913,903)	(4,456,462)
Other income (expense)
Gain on extinguishment of debt	85,771	0
Interest expense	0	(69,123)
Total other income (expense), net	85,771	(69,123)
Loss before income taxes	(2,828,132)	(4,525,585)
Provision (benefit) for income taxes	0	0
Net loss	$ (2,828,132)	$ (4,525,585)
Basic and diluted loss per common share	$ (0.19)	$ (0.05)
Weighted-average number of common shares outstanding:
Basic and diluted	14,910,512	99,719,004

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Preferred Stock Series A [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Mar. 31, 2020		$ 4,184	$ 497,891	$ (613,946)	$ (111,871)
Beginning balance, shares at Mar. 31, 2020		4,183,962
Issuance of shares to related party	$ 19,000		1,881,000		1,900,000
Issuance of shares to related party, shares	19,000,000
Conversion of preferred stock	$ (19,000)	$ 95,000	(76,000)
Conversion of preferred stock, shares	(19,000,000)	95,000,000
Sale of common stock by Eagle Lake prior to merger			945,550		945,550
Issuance of odd lot shares on conversion		$ 144	(144)
Issuance of odd lot shares on conversion, shares		143,585
Related party loans reclassified as a capital contribution			46,943		46,943
Capital contribution from shareholder			500		500
Private placement of common shares		$ 27	94,473		94,500
Private placement of common shares, shares		27,000
Net loss				(2,828,132)	(2,828,132)
Ending balance, value at Dec. 31, 2020		$ 99,355	3,390,213	(3,442,078)	47,490
Ending balance, shares at Dec. 31, 2020		99,354,547
Stock based compensation		$ 56	241,753		241,809
Stock based compensation, shares		56,365
Private placement of common shares		$ 1,232	4,602,747		4,603,979
Private placement of common shares, shares		1,231,580
Shares issued in connection with the acquisition of Abstract		$ 73	292,903		292,976
Shares issued in connection with the acquisition of Abstract, shares		73,244
Net loss				(4,525,585)	(4,525,585)
Ending balance, value at Dec. 31, 2021		$ 100,716	$ 8,527,616	$ (7,967,663)	$ 660,669
Ending balance, shares at Dec. 31, 2021		100,715,736

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021
Cash flows from operating activities
Net loss	$ (2,828,132)	$ (4,525,585)
Stock-based compensation	1,900,000	241,809
Gain on extinguishment of debt	(85,771)	0
Depreciation and amortization	0	16,001
Changes in operating assets and liabilities:
Accounts receivable	0	37,627
Prepaid expenses	(54,000)	(60,749)
Inventory	0	(24,000)
Other assets	0	(13,694)
Accounts payable	0	12,002
Accrued expenses	66,977	46,108
Deferred revenues	90,000	553,445
Net cash used in operating activities	(910,926)	(3,717,037)
Cash flows from investing activities
Acquisition of a business, net of cash acquired	0	(8,920)
Purchase of property and equipment	0	(413,533)
Net cash used in operating activities	0	(422,453)
Cash flows from financing activities:
Sale of common stock by Eagle Lake prior to the merger	945,550	0
Payments on notes payable	0	(1,580)
Proceeds from the sale of common stock	94,500	4,603,979
Capital contribution from shareholder	500	0
Net cash provided by financing activities	1,040,550	4,602,399
Net increase in cash and cash equivalents	129,624	462,911
Cash and cash equivalents at beginning of period	0	129,624
Cash and cash equivalents at end of period	129,624	592,534
Supplemental disclosure of cash flow information:
Cash paid for interest	0	61,623
Cash paid for income taxes	0	0
Supplemental disclosure of non-cash activities:
Issuance of shares due to rounding	144	0
Conversion of preferred stock to common stock	95,000	0
Expenses paid on behalf of the Company by related party	20,843	0
Forgiveness of debt by former related party due to a change of control	46,943	0
Common stock issued for the acquisition of a business	0	292,976
Acquisition of a property and equipment with debt	$ 0	$ 2,526,270

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Sollensys Corp (“Sollensys” or the “Company”) was formerly a development stage company, incorporated in Nevada on September 29, 2010, under the name Health Directory, Inc. The Company had been dormant since September 30, 2012. On December 27, 2019, the Eighth Judicial District Court of Clark County, Nevada (the “Court”), pursuant to Case number A-19-805633-B appointed Custodian Ventures, LLC (“Custodian Ventures”) as the custodian of Sollensys Corp David Lazar, who controls Custodian Ventures was subsequently named the only interim officer and director of the Company and is considered a related party for the purpose of financial statement presentation. On June 16, 2020, Custodian Ventures filed a motion with the Court asking the Court to enter an order concluding and terminating the custodianship of the Company. On July 20, 2020, the Court entered an order terminating custodianship and barring non-asserted claims against the Company. Effective August 5, 2020, David Lazar, the interim Chief Executive Officer, President, Secretary, Treasurer, and sole director of the Company and the beneficial owner, through his ownership of Custodian Ventures of 19,000,000 19,000,000 230,000 0.001 0.001 50 shares of Common Stock per share of Series A Preferred Stock, and has voting power on an as-converted basis (voting with the Common Stock as one class) and thus represents 65.4% of the voting power of all shares of stock of the Company. In connection with the closing of the Stock Purchase, on August 5, 2020, Mr. Lazar, the then-sole member of the Board of Directors (the “Board”) of the Company, pursuant to the power granted to the Board in the Company’s bylaws, increased the size of the Company’s Board to two members. Simultaneously, Mr. Lazar, as the sole Board member, appointed Donald Beavers as a director to fill the newly created Board vacancy. At the same time, Mr. Lazar appointed Donald Beavers as Chief Executive Officer and Secretary of the Company. Also on August 5, 2020, following the above officer and director appointments and effective on the closing of the Stock Purchase, Mr. Lazar resigned from any and all officer and director positions with the Company. Mr. Lazar’s resignation is not the result of a disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. On November 30, 2020, Sollensys entered into a share exchange agreement (the “Share Exchange Agreement”) with (i) Eagle Lake Laboratories, Inc., a Florida corporation (“Eagle Lake”), (ii) each of the shareholders of Eagle Lake (the “Eagle Lake Shareholders”), and (iii) Donald Beavers as the representative of the Eagle Lake Shareholders. Among other conditions to the closing of the transactions contemplated by the Share Exchange Agreement (the “Closin g Eagle Lake is a Florida-based science, technology, and engineering solutions corporation offering products that ensure their clients’ data integrity through the collection, storage, and transmission. The Company expects to generate revenue with Eagle’s innovative flagship product, the Blockchain Archive Server™ that can be utilized to protect client data from ransomware. Blockchain technology is a leading-edge tool for data security, providing an added layer of security against data loss due to malware. On December 29, 2020, the Company’s Board approved the change in the Company’s fiscal year-end from March 31 to December 31. On October 15, 2021, the Company entered into a Membership Interest Exchange Agreement (the “Agreement”), dated as of October 15, 2021, by and among (i) the Company; (ii) Abstract Media, LLC (“Abstract Media”), (iii) each of the members of Abstract Media (collectively, the “Abstract Media Members”); and (iv) Andrew Baker as the representative of the Abstract Media Members (the “Members’ Representative”). The Acquisition closed on December 6, 2021. Abstract Media is a Texas limited liability company formed in October 2011, with the goal of improving user engagement using visualization tools. The Company has evolved into an interactive media and software development company to optimize effective corporate learning, operational workflow and communication using technology in the augmented reality or virtual reality space. Abstract Media conducts its operations from its office location in Houston, Texas. Common Control Accounting Treatment Sollensys Corp and Eagle Lake were under the common control of the CEO before and after the date of transfer. As a result, the Company adopted the guidance in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 805-50-05-5 for the transfer of net assets between entities under common control to apply a method similar to the pooling-of-interests-method. Under the method, the financial statements of the Company shall report results of operations for the period in which the transfer occurs as though the transfer of the net assets had occurred at the beginning of the period. Results of operations for the period will thus comprise both those of the previously separate entities combined from the beginning of the period to the date the transfer is completed and those of the combined operations from that date to the end of the period. Similarly, the Company shall present the statements of financial position and other financial information presented as of the beginning of the period as though the assets and liabilities had been transferred at that date. Financial statements and financial information presented for prior years also shall be retrospectively adjusted to furnish comparative information. Reverse Stock Split On October 14, 2020, the Company filed with the Secretary of State of Nevada a Certificate of Amendment to its Articles of Incorporation (the “Amendment”) to effect a 1-for-120 reverse stock split The Reverse Split became effective on November 2, 2020. Following the effectiveness of the Reverse Split, on November 2, 2020, the number of authorized shares of common stock was reduced from 12,000,000,000 300,000,000 11,400,000,000 95,000,000 95.8 99,193,962 No fractional shares of common stock were issued in connection with the Reverse Split. If, as a result of the Reverse Split, a shareholder would otherwise hold a fractional share, the shareholder received, instead of the issuance of such fractional share, one whole share of common stock. As a result, 143,585

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN Going Concern The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these consolidated financial statements. The Company has incurred significant operating losses since its inception. As of December 31, 2021, the Company had a working capital deficit of $ 2,472,140 7,967,663 The Company expects to generate operating cash flows that will be sufficient to fund presently anticipated operations although there can be no assurance. This raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing to supplement expected cash flow. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to do so until its operations become profitable. The Company may attempt to raise capital in the near future through the sale of equity or debt financing; however, there can be assurances the Company will be successful in doing so. There can be no assurance that such additional financing will be available to the Company on acceptable terms or at all.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with the FASB’s ASC, which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Eagle Lake and Abstract Media. All intercompany accounts and transactions are eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these consolidated financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On December 31, 2021 and December 31, 2020, the Company’s cash equivalents totaled $ 592,534 and $ 129,624 , respectively. The Company maintains accounts at financial institutions which are insured by the Federal Deposit Insurance Corporation (FDIC). Cash balances at times are in excess of FDIC insurance limits. Property and Equipment Property and equipment are recorded at historical cost. Major renewals and improvements are capitalized, while normal repairs and maintenance are expensed in the period incurred. Depreciation and amortization are computed using the straight-line method over the asset’s estimated useful life. Computer equipment and office furnishings estimated useful lives range from 5 to 7 years Intangible Assets Intangible assets have either an identifiable or indefinite useful life. Intangible assets with identifiable useful lives are amortized on a straight-line basis over their economic or legal life, whichever is shorter. The Company’s amortizable intangible assets consist of primarily of customer relationships with an estimated useful life of three years. Goodwill Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Company’s acquisitions is attributable to the value of the potential expanded market opportunity with new customers. Goodwill is not amortized, but is subject to annual impairment testing unless circumstances dictate more frequent assessments. The Company performs an annual impairment assessment for goodwill during the fourth quarter of each year and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than the carrying amount. Goodwill impairment testing compares the fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows. For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s size and industry and other Company specific risks. Other significant assumptions used in the income approach include the terminal value, growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then an impairment loss is recognized in an amount equal to the excess. Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, strategic plans and future market conditions, among others. There can be no assurance that the Company’s estimates and assumptions made for purposes of the goodwill impairment testing will prove to be accurate predictions of the future. Long-Lived Asset Impairment Long-lived assets, other than goodwill and indefinite-lived intangible assets, are evaluated for impairment when changes in events or circumstances indicate that the carrying amount of an asset may not be recoverable. If the projected undiscounted cash flow is less than the carrying value of the assets, the assets will be written down to the estimated fair value and such impairment loss is recognized in the consolidated statements of operations in the period in which the determination is made. Revenue Recognition Revenues are accounted for in accordance with the FASB’s Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). The Company derives revenue from two sources. The Company’s primary product is the Blockchain Archive Server—a turn-key, off-the-shelf, blockchain solution that works with virtually any hardware and software combinations currently used in commerce, without the need to replace or eliminate any part of the client’s data security that is being utilized. The second product offering is called the “Regional Service Center” which is a single unit system of 32 Blockchain Archive Servers capable of servicing up to 2,580 individual small accounts, and is marketed to existing IT service providers with established accounts. The service is delivered over the Internet and is considered software as a service “SaaS”. For the year ended December 31, 2021 we recorded $182,321 in subscription revenue from the execution of our blockchain archive services agreements, compared to $180,000 from the sale of servers for the year ended December 31, 2020. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for the products and/or services. To achieve this principle, the Company applies the following five steps: 1. Identify the contract with the customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to performance obligations in the contract, and 5. Recognize revenue when or as the Company satisfies a performance obligation. The Company recognizes revenue when the control of the products is transferred to the Company’s customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for these products. Control is generally transferred when products are delivered. The Company’s revenue contracts generally represent a single performance obligation to sell its products to customers. For the SaaS software, which typically involves a significant customer deposit with services provided by the Company over a 60 month period, the Company recognizes revenue ratably as service is provided over the contract period. Deferred Revenue Under the terms of the Company’s regional service center contracts, the Company requires a substantial deposit in advance of the support work required to be performed by the Company. All deposits that have not been deemed earned by the Company following the guidelines of ASC 606 are considered to be contract liabilities and are classified as deferred revenue on the Company’s consolidated balance sheets. As of December 31, 2021, the current balance of deferred revenue was $ 437,731 205,714 17,143 72,857 17,143 Income Taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the 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 in which those temporary differences are expected to be recovered or settled. Management provides a valuation allowance against deferred tax assets for amount which are considered “more likely than not” to be realized. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions on a quarterly basis to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. On Dec. 18, 2019, FASB released Accounting Standards Update (ASU) 2019-12, which affects general principles within Topic 740, Income Taxes. The amendments of ASU 2019-12 are meant to simplify and reduce the cost of accounting for income taxes. The FASB has stated that the ASU is being issued as part of its Simplification Initiative, which is meant to reduce complexity in accounting standards by improving certain areas of GAAP without compromising information provided to users of financial statements. The Company adopted this guidance on January 1, 2021 which had no impact on the Company’s consolidated financial statements. Stock-Based Compensation The Company accounts for stock-based compensation using the fair value method following the guidance outlined in ASC 718, Stock Compensation, for disclosure about stock-based compensation. This section requires a public entity to measure the cost of employee and non-employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Once the fair value is established for the grant, the aggregate expenses will be recognized over the period during which service is provided on a straight-line basis. Related Party Transactions The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. In accordance with ASC 850, the Company’s consolidated financial statements include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business, as well as transactions that are eliminated in the preparation of financial statements. Net Loss Per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by ASC 260, “Earnings per Share.” Basic earnings per common share calculations are determined by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income (loss) by the weighted average number of common shares and dilutive common share equivalents outstanding. As of December 31, 2021 and 2020, there were no Recently Issued Accounting Pronouncements Leases The Company currently follows the guidance in ASC 840 “ Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Codification Improvements Codification Improvements to Topic 842, Leases (Topic 842) Targeted Improvements, ASC 842 will be effective for the Company beginning on January 1, 2022. We do not believe that the adoption of this guidance will have a material impact on our financial statements

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4 – PROPERTY AND EQUIPMENT At December 31, 2020, property and equipment amounted to $-0-. At December 31, 2021, property and equipment is comprised of the following: Schedule Of Property Plant And Equipment 2021 Land $ 484,197 Buildings 1,946,586 Building improvements 270,472 Furniture and fixtures 179,432 Equipment 93,627 Vehicles 31,223 Subtotal 3,005,537 Less: accumulated depreciation (60,707 ) Total $ 2,944,830 Depreciation expense for the periods ended December 31, 2021 and 2020, was $ 10,140 0 On September 8, 2021, the Company acquired a building in Palm Bay, Florida with approximately 36,810 square feet of office space for $ 2,430,762 no

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 5 – NOTES PAYABLE On September 8, 2021, the Company acquired a building in Palm Bay, Florida.. The Company purchased the building by entering into a $ 2,500,000 mortgage note payable. The terms of the mortgage note payable call for monthly interest only payments of approximately $ 10,000 each through December 2021 at an interest rate of 4.75 %. Effective January 8, 2022, monthly mortgage payments of principal and interest of $16,250 each, at an interest rate of 4.75% per annum, with a maturity date of December 8, 2024 and a balloon principal payment due of approximately $ 2,270,000 . The mortgage is secured by the underlying real estate all equipment and fixtures owned or subsequently acquired, and 500,000 shares of the Company’s common stock pledged by the Company’s CEO, as well his personal guarantee for the full amount of the mortgage. Additionally, the mortgage note payable provides the lender a due on demand feature at the discretion of the lender. As a result, the Company has recorded the outstanding balance of the note payable as a current liability at December 31, 2021. The Company has a vehicle loan which requires monthly payments of principal and interest in the amount of $ 710 13.1 At December 31, 2021, the aggregate maturities of notes payable for the next five years and thereafter are as follows: Schedule Of Maturities Notes Payable 2022 2,505,553 2023 12,687 2024 6,450 Total $ 2,524,690

BUSINESS ACQUISITION

BUSINESS ACQUISITION	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
BUSINESS ACQUISITION	NOTE 6 – BUSINESS ACQUISITION On October 15, 2021, the Company entered into a Membership Interest Exchange Agreement (the “Agreement”), dated as of October 15, 2021, by and among (i) the Company; (ii) Abstract Media, LLC (“Abstract Media”), (iii) each of the members of Abstract Media (collectively, the “Abstract Media Members”); and (iv) Andrew Baker as the representative of the Abstract Media Members (the “Members’ Representative”). The Acquisition closed on December 6, 2021. Pursuant to the terms of the Agreement, the Company agreed to acquire from the Abstract Media Members all of the membership interests of Abstract Media held by the Abstract Media Members, representing 100% of the membership interests of Abstract Media, in exchange for the issuance by the Company to the Abstract Media Members of (i) shares of the Company’s common stock, plus (ii) $15,000 paid to the Abstract Media members, plus (iii) $ 15,000 Pursuant to the terms of the Agreement, on December 6, 2021, the Abstract Media Members assigned their respective membership interests in Abstract Media to the Company, and Abstract Media became a wholly owned subsidiary of the Company. In exchange therefor, on December 6, 2021, the Company issued to the Abstract Media Members an aggregate of 73,244 For the acquisition of Abstract Media, the following table summarizes the acquisition date fair value of consideration paid, identifiable assets acquired and liabilities assumed: Consideration paid Schedule Of Business Acquisitions By Acquisition Contingent Consideration Cash and cash equivalents $ 30,000 Common stock, 73,244 shares of the Company restricted common stock valued at $4.00 per share 292,976 Net liabilities assumed 77,422 Fair value of total consideration paid $ 400,398 Net assets acquired and liabilities assumed Schedule Of Non cash Or Part Non cash Acquisitions Cash and cash equivalents $ 21,080 Accounts receivable 39,345 Other current assets 19,758 Fixed assets, net 15,467 Total assets $ 95,650 Accounts payable 69,724 Accrued liabilities 103,348 Total liabilities 173,072 Net liabilities assumed $ 77,422 The Company has allocated the fair value of the total consideration paid of $ 400,398 200,199 200,199 The unaudited financial information in the table below summarizes the combined results of operations of the Company and Abstract Media for the years ended December 31, 2021, and December 31, 2020, on a pro forma basis, as though the companies had been combined as of January 1, 2020. The pro forma earnings for the years ended December 31, 2021, and December 31, 2020, were adjusted to include intangible amortization expense of $ 66,733 66,733 109,831 Schedule of Business acquisition, pro forma information (Unaudited) Years Ended December 31, December 31, 2021 2020 Total net sales $ 602,954 $ 773,006 Loss from operations (4,666,352 ) $ (3,233,046 ) Net loss (4,494,088 ) $ (3,006,958 ) Basic and fully diluted loss per share $ (0.05 ) $ (0.20 ) Weighted average shares outstanding 99,800,723 14,983,756

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 7 – INTANGIBLE ASSETS As of December 31, 2021 the balance of intangible assets was $ 194,638 . During the year ended December 31, 2021 and the nine-month period ended December 31, 2020 the Company recorded $ 5,561 and $- 0 - in amortization expense. As discussed in Note 6, the intangible assets have been valued based on provisional estimates of fair value and are subject to change as the Company completes its valuation assessment by the completion of the one year measurement period. Amortization for the following fiscal years is estimated to be: 2022 - $ 66,733 66,733 61,172

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2021
Payables and Accruals [Abstract]
ACCRUED EXPENSES	NOTE 8 – ACCRUED EXPENSES As of December 31, 2021, and December 31, 2020, the balances of accrued expenses were $ 195,589 46,134 123,168 24,629 13,566 34,226 12,634 33,500

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 9 – RELATED PARTY TRANSACTIONS During the year ended December 31, 2021, the Company has a contract with a member of management to provide service to them. For that service the member of management paid a deposit of $ 90,000 Expenses of $ 46,943 46,943 Additionally, the following related party transactions occurred during the nine month period ended December 31, 2020. ● Eagle Lake granted Sollensys Corp the right to use its premises without any rent obligation. ● The Company’s CEO donated $5,311 capital to Sollensys Corp. ● In 2020, Eagle Lake purchased 13 computer servers (used to make Blockchain Archive Servers) from Probability and Statistics, Inc, an entity owned by Mr. Beavers, the Chief Executive Officer, director and significant stockholder of Eagle Lake and Sollensys Corp. Each server was purchased for $ 6,000 45,000 135,000 90,000 30,000 ● During the nine months ended December 31, 2020, the Company received a legal opinion that the statute of limitations per Nevada law for any claims to be made relating to liabilities that had been recorded on the Company’s books and records dating back to 2013 and prior, had expired. As a result, the Company determined it no longer had any liability for accrued expenses or an advance to stockholder and recorded “other income” as a gain on the extinguishment of debt of $ 85,771

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10 – INCOME TAXES The Company provides for income taxes under ASC 740, “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. Schedule Of Components Of Income Tax Expense Benefit December 31, December 31, Rate Reconciliation 2021 2020 Pre-tax book loss $ (4,525,585 ) $ (2,828,132 ) Provision at statutory rate (1,177,000 ) (593,900 ) Permanent differences 63,000 473,900 Change in valuation allowance 1,114,000 120,000 Total tax expense (benefit) current and deferred $ - $ - Net deferred tax assets consist of the following: Schedule Of Deferred Tax Assets And Liabilities Deferred tax assets 12/31/2021 12/31/2020 Deferred tax assets by jurisdiction Federal $ 962,300 $ 93,300 State 271,700 26,700 Valuation allowance (1,234,000 ) (120,000 ) Net deferred tax assets $ - $ - Deferred tax assets by components Intangible assets $ 4,800 $ 4,800 Net operating loss 1,229,200 115,200 Valuation allowance (1,234,000 ) (120,000 ) Net deferred tax assets $ - $ - As of December 31, 2021, the Company had federal, and state net operating loss carryforwards of approximately $ 4,800,000 with no expiration date to use these credits, that are available to offset future liabilities for income taxes. The Company has generally established a valuation allowance against these carryforwards based on an assessment that it is more likely than not that these benefits will not be realized in future years. The Company has reviewed the scheduled reversals of the deferred tax assets and its projected taxable income in conjunction with the changes in tax laws enacted and determined a valuation allowance is required at December 31, 2021 and 2020. The December 31, 2021 and 2020, results of operations include an increase in our valuation allowance of $ 1,114,000 120,000

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
STOCK BASED COMPENSATION	NOTE 11 – STOCK BASED COMPENSATION During the year ended December 31, 2021, the Company issued 56,365 310,048 241,809 68,239 56,365 45,274 11,091

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 12 – STOCKHOLDERS’ EQUITY Series A Preferred Stock On March 21, 2020, the Company filed a Certificate of Designation to authorize 25,000,000 0.001 the holders of Series A preferred stock have the right to convert each share of Series A preferred stock into 50 shares of common stock. 19,000,000 1,900,000 On December 31, 2021, and December 31, 2020, there were 10,000,000 0 Common Stock The Company has authorized 300,000,000 0.001 During the year ended December 31, 2021 the Company: ● raised $ 4,603,979 1,231,580 ● issued 73,244 292,976 ● issued an aggregate of 56,365 310,048 During the nine months ended December 31, 2021, the Company: On October 13, 2020, Eagle, the owner of 100 19,000,000 95,000,000 11,400,000,000 Prior to the merger with Sollensys, Eagle Lake raised $ 945,550 In December 2020, the Company raised $ 94,500 27,000

LEASES

LEASES	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASES	NOTE 13 – LEASES Effective January 3, 2022, the Company’s principal executive office with approximately 35,000 square feet of office space became located at 1470 Treeland Blvd. SE, Palm Bay, Fl. 32909. The Company owns this property. Prior to January 3, 2022, the Company maintained its principal offices at 2475 Palm Bay Road NE, Palm Bay, Florida 32905 where it leased four separate suites. These leases all have an expiration date of February 28, 2026: ● Suite #120, which is approximately 3,100 square feet of office space, and a lease term that expires on February 28, 2026; and ● Suite #7, which is approximately 1,885 square feet of office space, and has a lease term that expires on February 28, 2026; and ● Suite #2, which is approximately 2,007 square feet of office space, and has a lease term that expires on February 28, 2026; and ● Suite #110, which is approximately 2,808 square feet, and has a lease term that expires on February 28, 2026. Terms of the four office leases provide for an aggregate base rent payment of $ 12,756 3 The Company has sublet two of these suites for $3,642 for a one year period commencing on January 1, 2022. At Abstract Media the Company leases office space which expires on March 31, 2023 and sublease a portion of the office space to other companies. As of December 31, 2021 our net rent expense, after deducting sublease income was approximately $ 4,830 6,830 The Company’s minimum annual future obligations under all existing operating leases, net of sublet income for each of the next five years are as follows: Schedule of operating leases 2022 $ 180,905 2023 171,631 2024 157,065 2025 161,777 2026 27,772 Total $ 699,150

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 – SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with the FASB’s ASC, which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Eagle Lake and Abstract Media. All intercompany accounts and transactions are eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these consolidated financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On December 31, 2021 and December 31, 2020, the Company’s cash equivalents totaled $ 592,534 and $ 129,624 , respectively. The Company maintains accounts at financial institutions which are insured by the Federal Deposit Insurance Corporation (FDIC). Cash balances at times are in excess of FDIC insurance limits.
Property and Equipment	Property and Equipment Property and equipment are recorded at historical cost. Major renewals and improvements are capitalized, while normal repairs and maintenance are expensed in the period incurred. Depreciation and amortization are computed using the straight-line method over the asset’s estimated useful life. Computer equipment and office furnishings estimated useful lives range from 5 to 7 years
Intangible Assets	Intangible Assets Intangible assets have either an identifiable or indefinite useful life. Intangible assets with identifiable useful lives are amortized on a straight-line basis over their economic or legal life, whichever is shorter. The Company’s amortizable intangible assets consist of primarily of customer relationships with an estimated useful life of three years.
Goodwill	Goodwill Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Company’s acquisitions is attributable to the value of the potential expanded market opportunity with new customers. Goodwill is not amortized, but is subject to annual impairment testing unless circumstances dictate more frequent assessments. The Company performs an annual impairment assessment for goodwill during the fourth quarter of each year and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than the carrying amount. Goodwill impairment testing compares the fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows. For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s size and industry and other Company specific risks. Other significant assumptions used in the income approach include the terminal value, growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then an impairment loss is recognized in an amount equal to the excess. Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, strategic plans and future market conditions, among others. There can be no assurance that the Company’s estimates and assumptions made for purposes of the goodwill impairment testing will prove to be accurate predictions of the future.
Long-Lived Asset Impairment	Long-Lived Asset Impairment Long-lived assets, other than goodwill and indefinite-lived intangible assets, are evaluated for impairment when changes in events or circumstances indicate that the carrying amount of an asset may not be recoverable. If the projected undiscounted cash flow is less than the carrying value of the assets, the assets will be written down to the estimated fair value and such impairment loss is recognized in the consolidated statements of operations in the period in which the determination is made.
Revenue Recognition	Revenue Recognition Revenues are accounted for in accordance with the FASB’s Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). The Company derives revenue from two sources. The Company’s primary product is the Blockchain Archive Server—a turn-key, off-the-shelf, blockchain solution that works with virtually any hardware and software combinations currently used in commerce, without the need to replace or eliminate any part of the client’s data security that is being utilized. The second product offering is called the “Regional Service Center” which is a single unit system of 32 Blockchain Archive Servers capable of servicing up to 2,580 individual small accounts, and is marketed to existing IT service providers with established accounts. The service is delivered over the Internet and is considered software as a service “SaaS”. For the year ended December 31, 2021 we recorded $182,321 in subscription revenue from the execution of our blockchain archive services agreements, compared to $180,000 from the sale of servers for the year ended December 31, 2020. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for the products and/or services. To achieve this principle, the Company applies the following five steps: 1. Identify the contract with the customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to performance obligations in the contract, and 5. Recognize revenue when or as the Company satisfies a performance obligation. The Company recognizes revenue when the control of the products is transferred to the Company’s customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for these products. Control is generally transferred when products are delivered. The Company’s revenue contracts generally represent a single performance obligation to sell its products to customers. For the SaaS software, which typically involves a significant customer deposit with services provided by the Company over a 60 month period, the Company recognizes revenue ratably as service is provided over the contract period.
Deferred Revenue	Deferred Revenue Under the terms of the Company’s regional service center contracts, the Company requires a substantial deposit in advance of the support work required to be performed by the Company. All deposits that have not been deemed earned by the Company following the guidelines of ASC 606 are considered to be contract liabilities and are classified as deferred revenue on the Company’s consolidated balance sheets. As of December 31, 2021, the current balance of deferred revenue was $ 437,731 205,714 17,143 72,857 17,143
Income Taxes	Income Taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the 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 in which those temporary differences are expected to be recovered or settled. Management provides a valuation allowance against deferred tax assets for amount which are considered “more likely than not” to be realized. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions on a quarterly basis to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. On Dec. 18, 2019, FASB released Accounting Standards Update (ASU) 2019-12, which affects general principles within Topic 740, Income Taxes. The amendments of ASU 2019-12 are meant to simplify and reduce the cost of accounting for income taxes. The FASB has stated that the ASU is being issued as part of its Simplification Initiative, which is meant to reduce complexity in accounting standards by improving certain areas of GAAP without compromising information provided to users of financial statements. The Company adopted this guidance on January 1, 2021 which had no impact on the Company’s consolidated financial statements.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation using the fair value method following the guidance outlined in ASC 718, Stock Compensation, for disclosure about stock-based compensation. This section requires a public entity to measure the cost of employee and non-employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Once the fair value is established for the grant, the aggregate expenses will be recognized over the period during which service is provided on a straight-line basis.
Related Party Transactions	Related Party Transactions The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. In accordance with ASC 850, the Company’s consolidated financial statements include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business, as well as transactions that are eliminated in the preparation of financial statements.
Net Loss Per Share	Net Loss Per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by ASC 260, “Earnings per Share.” Basic earnings per common share calculations are determined by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income (loss) by the weighted average number of common shares and dilutive common share equivalents outstanding. As of December 31, 2021 and 2020, there were no
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
Leases	Leases The Company currently follows the guidance in ASC 840 “ Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Codification Improvements Codification Improvements to Topic 842, Leases (Topic 842) Targeted Improvements, ASC 842 will be effective for the Company beginning on January 1, 2022. We do not believe that the adoption of this guidance will have a material impact on our financial statements

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule Of Property Plant And Equipment	Schedule Of Property Plant And Equipment 2021 Land $ 484,197 Buildings 1,946,586 Building improvements 270,472 Furniture and fixtures 179,432 Equipment 93,627 Vehicles 31,223 Subtotal 3,005,537 Less: accumulated depreciation (60,707 ) Total $ 2,944,830

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule Of Maturities Notes Payable	Schedule Of Maturities Notes Payable 2022 2,505,553 2023 12,687 2024 6,450 Total $ 2,524,690

BUSINESS ACQUISITION (Tables)

BUSINESS ACQUISITION (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule Of Business Acquisitions By Acquisition Contingent Consideration	Schedule Of Business Acquisitions By Acquisition Contingent Consideration Cash and cash equivalents $ 30,000 Common stock, 73,244 shares of the Company restricted common stock valued at $4.00 per share 292,976 Net liabilities assumed 77,422 Fair value of total consideration paid $ 400,398
Schedule Of Non cash Or Part Non cash Acquisitions	Schedule Of Non cash Or Part Non cash Acquisitions Cash and cash equivalents $ 21,080 Accounts receivable 39,345 Other current assets 19,758 Fixed assets, net 15,467 Total assets $ 95,650 Accounts payable 69,724 Accrued liabilities 103,348 Total liabilities 173,072 Net liabilities assumed $ 77,422
Schedule of Business acquisition, pro forma information	Schedule of Business acquisition, pro forma information (Unaudited) Years Ended December 31, December 31, 2021 2020 Total net sales $ 602,954 $ 773,006 Loss from operations (4,666,352 ) $ (3,233,046 ) Net loss (4,494,088 ) $ (3,006,958 ) Basic and fully diluted loss per share $ (0.05 ) $ (0.20 ) Weighted average shares outstanding 99,800,723 14,983,756

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule Of Components Of Income Tax Expense Benefit	Schedule Of Components Of Income Tax Expense Benefit December 31, December 31, Rate Reconciliation 2021 2020 Pre-tax book loss $ (4,525,585 ) $ (2,828,132 ) Provision at statutory rate (1,177,000 ) (593,900 ) Permanent differences 63,000 473,900 Change in valuation allowance 1,114,000 120,000 Total tax expense (benefit) current and deferred $ - $ -
Schedule Of Deferred Tax Assets And Liabilities	Schedule Of Deferred Tax Assets And Liabilities Deferred tax assets 12/31/2021 12/31/2020 Deferred tax assets by jurisdiction Federal $ 962,300 $ 93,300 State 271,700 26,700 Valuation allowance (1,234,000 ) (120,000 ) Net deferred tax assets $ - $ - Deferred tax assets by components Intangible assets $ 4,800 $ 4,800 Net operating loss 1,229,200 115,200 Valuation allowance (1,234,000 ) (120,000 ) Net deferred tax assets $ - $ -

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of operating leases	Schedule of operating leases 2022 $ 180,905 2023 171,631 2024 157,065 2025 161,777 2026 27,772 Total $ 699,150

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($)	Oct. 14, 2020	Aug. 05, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 21, 2020
Preferred stock par value			$ 0.001	$ 0.001
Common stock, par value		$ 0.001
Common stock description		50 shares of Common Stock per share of Series A Preferred Stock, and has voting power on an as-converted basis (voting with the Common Stock as one class) and thus represents 65.4% of the voting power of all shares of stock of the Company.
Stockholders' Equity, Reverse Stock Split	1-for-120 reverse stock split
Common stock, authorized			300,000,000	300,000,000
Common stock, outstanding			99,354,547	99,354,547
Additional shares issued			143,585
Series A Preferred Stock [Member]
Stock issued value new issues		$ 19,000,000
Sale of stock shares value		19,000,000
Payment of stock shares		$ 230,000
Preferred stock par value		$ 0.001			$ 0.001
Reverse Stock Split [Member]
Common stock, authorized			12,000,000,000
Additional stock shares			$ 11,400,000,000
Additional shares			95,000,000
Minority interest			95.80%
Common stock, outstanding			99,193,962

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficit	$ 2,472,140
Accumulated deficit	$ 7,967,663	$ 3,442,078

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 592,534	$ 129,624
Estimated useful life	5 to 7 years
Deferred revenue current	$ 437,731
Deferred revenue long-term	205,714
Deferred revenue	17,143	$ 72,857
Deferred revenue recognized	$ 17,143
Anti-dilutive shares	0	0

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 3,005,537
Accumulated depreciation	(60,707)
Property plant and equipment net	2,944,830	$ 0
Land [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	484,197
Building [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	1,946,586
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	270,472
Furnitures And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	179,432
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	93,627
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 31,223

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Sep. 08, 2021	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense		$ 10,140	$ 0
Costs and expenses	$ 2,430,762
Depreciation expense		$ 0

NOTES PAYABLE (Details)

NOTES PAYABLE (Details)	Dec. 31, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual Principal Payment of mortgage	$ 2,524,690
2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual Principal Payment of mortgage	2,505,553
2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual Principal Payment of mortgage	12,687
Two Thousand Twenty Five [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual Principal Payment of mortgage	$ 6,450

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Sep. 08, 2021
Debt Disclosure [Abstract]
Investment Building and Building Improvements		$ 2,500,000
Mortgage call monthly interest payments	$ 10,000
Interest rate	4.75%
Debt Instrument, Maturity Date	Dec. 8, 2024
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 2,270,000
Shares pledged by CEO	500,000
Monthly principal payments	$ 710
Debt instrument interest rate	13.10%

BUSINESS ACQUISITION (Details)

BUSINESS ACQUISITION (Details)	12 Months Ended
	Dec. 31, 2021USD ($)shares
Business Combination and Asset Acquisition [Abstract]
Cash and cash equivalents	$ 30,000
Common stock, 73,244 shares of the Company restricted common stock valued at $4.00 per share | shares	292,976
Net liabilities assumed	$ 77,422
Fair value of total consideration paid	$ 400,398

BUSINESS ACQUISITION (Details 1

BUSINESS ACQUISITION (Details 1)	Dec. 31, 2021USD ($)
Business Combination and Asset Acquisition [Abstract]
Cash and cash equivalents	$ 21,080
Accounts receivable	39,345
Other current assets	19,758
Fixed assets, net	15,467
Total assets	95,650
Accounts payable	69,724
Accrued liabilities	103,348
Total liabilities	173,072
Net liabilities assumed	$ 77,422

BUSINESS ACQUISITION (Details 2

BUSINESS ACQUISITION (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Combination and Asset Acquisition [Abstract]
Total net sales	$ 602,954	$ 773,006
Loss from operations	(4,666,352)	(3,233,046)
Net loss	$ (4,494,088)	$ (3,006,958)
Basic and fully diluted loss per share	$ (0.05)	$ (0.20)
Weighted average shares outstanding	99,800,723	14,983,756

BUSINESS ACQUISITION (Details N

BUSINESS ACQUISITION (Details Narrative) - USD ($)	Dec. 06, 2021	Oct. 15, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Stock issued, shares	73,244
Total consideration paid				$ 400,398
Goodwill				200,199
Intangible assets				200,199
Intangible amortization expense			$ 0	5,561
Acquisition-related expenses				109,831
Abstract Media Acquisition [Member]
Business Acquisition [Line Items]
Intangible amortization expense				$ 66,733	$ 66,733
Membership Interest Exchange Agreement [Member]
Business Acquisition [Line Items]
Additional consideration		$ 15,000

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Current		$ 194,638
Amortization of Intangible Assets	$ 0	5,561
Amortization estimated year 2022		66,733
Amortization estimated year 2023		66,733
Amortization estimated year 2024		$ 61,172

ACCRUED EXPENSES (Details Narra

ACCRUED EXPENSES (Details Narrative) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued expenses	$ 195,589	$ 46,134
Credit card payables	123,168	12,634
Accrued rent	24,629
Accrued interest	13,566
Miscellaneous accrued liabilities	$ 34,226	$ 33,500

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Aug. 05, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Deposit		$ 90,000
Purchase of equipment		6,000
Proceeds from sale of other asset	$ 45,000
Revenue			$ 135,000
Gross margin	90,000		$ 90,000
Cost of sales	30,000	384,908
Other income	$ 85,771
David Lazar [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Related party expenses		$ 46,943
Due to related party				$ 46,943

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Pre-tax book loss	$ (2,828,132)	$ (4,525,585)
Provision at statutory rate	(593,900)	(1,177,000)
Permanent differences	473,900	63,000
Change in valuation allowance	120,000	1,114,000
Total tax expense (benefit) current and deferred	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets by jurisdiction
Federal	$ 962,300	$ 93,300
State	271,700	26,700
Valuation allowance	(1,234,000)	(120,000)
Net deferred tax assets	0	0
Deferred tax assets by components
Intangible assets	4,800	4,800
Net operating loss	$ 1,229,200	$ 115,200

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards	$ 4,800,000
Valuation allowence	$ 1,114,000	$ 120,000

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock-based compensation	$ 241,809
Unamortized amount	$ 68,239
Shares issued	56,365	27,000
Vested	45,274
Unvested	11,091
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock based compensation, shares	56,365
Stock based compensation, value	$ 310,048

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	Oct. 10, 2020	Aug. 05, 2020	Mar. 21, 2021	Dec. 31, 2020	Dec. 31, 2021	Oct. 13, 2020	Apr. 02, 2020	Mar. 21, 2020
Class of Stock [Line Items]
Preferred stock, authorized				10,000,000	10,000,000
Preferred stock, par value				$ 0.001	$ 0.001
Preferred stock, issued				0	0
Stock-based compensation					$ 241,809
Preferred stock, outstanding				0	0
Common stock, authorized				300,000,000	300,000,000
Common stock, par value				$ 0.001	$ 0.001
Owner ship percentage						100.00%
Common stock shares	11,400,000,000
Sale of common stock					945,550
Sale of stock				$ 94,500
Shares, Issued				27,000	56,365
Common Stock [Member]
Class of Stock [Line Items]
Number of shares issued					73,244
Number of shares issued, value					$ 310,048
Converteble preferred stock						95,000,000
Common Stock [Member] | Equity Incentive Plan [Member]
Class of Stock [Line Items]
Number of shares issued					56,365
Number of shares issued, value					$ 292,976
[Investor [Member]]
Class of Stock [Line Items]
Proceeds from sale of stock					$ 4,603,979
Number of stock sold					1,231,580
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, authorized				10,000,000	10,000,000			25,000,000
Preferred stock, par value		$ 0.001						$ 0.001
Conversion of right Series A preferred stock description			the holders of Series A preferred stock have the right to convert each share of Series A preferred stock into 50 shares of common stock.
Preferred stock, issued				0	0
Stock-based compensation					$ 1,900,000
Preferred stock, outstanding				0	0
Number of shares issued, value		$ 19,000,000
Converteble preferred stock						19,000,000
Series A Preferred Stock [Member] | Chief Executive Officer [Member]
Class of Stock [Line Items]
Preferred stock, issued							19,000,000

LEASES (Details)

LEASES (Details)	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 180,905
2023	171,631
2024	157,065
2025	161,777
2026	27,772
Total	$ 699,150

LEASES (Details Narrative)

LEASES (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)
Leases [Abstract]
Base rent payment	$ 12,756
Annual intrest rate	300.00%
Lease Description	The Company has sublet two of these suites for $3,642 for a one year period commencing on January 1, 2022.
Sublease rentals	$ 4,830
Future minimum lease payments	$ 6,830