Worldwide NFT (WNFT) 10-Q 15 May 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2023	May 10, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--06-30
Entity File Number	000-54912
Entity Registrant Name	Worldwide NFT Inc.
Entity Central Index Key	0001528188
Entity Tax Identification Number	27-3129919
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	3535 Executive Terminal Drive
Entity Address, City or Town	Henderson
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89052
City Area Code	(702)
Local Phone Number	840-4433
Title of 12(b) Security	Common Stock, $.001
Trading Symbol	WNFT
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	true
Entity Common Stock, Shares Outstanding		534,750,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Jun. 30, 2022
CURRENT ASSETS
Cash
Prepaid expenses and other current assets
Total current assets
Total non-current assets
TOTAL ASSETS
CURRENT LIABILITIES
Total current liabilities	256,201	177,162
TOTAL LIABILITIES	256,201	177,162
STOCKHOLDERS’ DEFICIT
Series A Preferred stock, par value $0.001; 10,000,000 shares authorized; 5,000,000 and 5,000,000 shares issued and outstanding as of March 31, 2023 and June 30, 2022, respectively	5,000	5,000
Common stock, par value $0.001; 1,875,000,000 shares authorized, 534,750,000 shares issued and outstanding as of March 31, 2023 and June 30, 2022, respectively	534,750	534,750
Additional paid in capital	20,127,300	20,127,300
Accumulated deficit	(20,923,251)	(20,844,212)
Total stockholders’ deficit	(256,201)	(177,162)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT
Related Party [Member]
CURRENT LIABILITIES
Accounts payable	89,130	89,130
Officer [Member]
CURRENT LIABILITIES
Accounts payable	141,812	82,284
Nonrelated Party [Member]
CURRENT LIABILITIES
Accounts payable	$ 25,259	$ 5,748

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2023	Jun. 30, 2022
Statement of Financial Position [Abstract]
Series A preferred stock, par value	$ 0.001	$ 0.001
Series A preferred stock, shares authorized	10,000,000	10,000,000
Series A preferred stock, shares issued	5,000,000	5,000,000
Series A preferred stock, shares outstanding	5,000,000	5,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,875,000,000	1,875,000,000
Common stock, shares issued	534,750,000	534,750,000
Common stock, shares outstanding	534,750,000	534,750,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
REVENUES
COST OF REVENUES
GROSS PROFIT
OPERATING EXPENSES:
Professional fees	9,500	3,867	79,039	20,018,219
General and administrative		1,328		7,450
Total operating expenses	9,500	5,195	79,039	20,025,669
LOSS FROM OPERATIONS BEFORE OTHER EXPENSES	(9,500)	(5,195)	(79,039)	(20,025,669)
OTHER INCOME (EXPENSE):
Forgiveness of debt – court discharge
Interest expense
Total other income (expense)
LOSS FROM OPERATIONS BEFORE BENEFIT (PROVISION) FOR INCOME TAXES	(9,500)	(5,195)	(79,039)	(20,025,669)
BENEFIT (PROVISION) FOR INCOME TAXES
NET LOSS	$ (9,500)	$ (5,195)	$ (79,039)	$ (20,025,669)
NET LOSS PER SHARE
Basic and diluted	$ 0	$ 0	$ 0	$ (0.029)
SHARES USED IN CALCULATION OF NET LOSS PER SHARE
Basic and diluted	534,750,000	684,750,000	534,750,000	683,512,773

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net loss	$ (79,039)	$ (20,025,669)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Consulting fees for preferred stock issued		19,930,300
Changes in assets and liabilities
Accounts payable - officer	59,528	38,122
Accounts payable – non-related parties	19,511	7,247
Accounts payable and accrued expenses – related party
Net cash (used in) operating activities		(50,000)
Cash flows from financing activities:
Proceeds from officer in consideration of preferred stock		50,000
Net cash provided by financing activities		50,000
NET INCREASE (DECREASE) IN CASH
Cash - beginning of period
Cash - end of period
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest
Cash paid for income taxes

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Deficit (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2021	$ 5,000	$ 681,750		$ (775,880)	$ (82,264)
Beginning balance, shares at Jun. 30, 2021	5,000,000	681,750,000
Issuance of preferred shares to officer for advances made to Company and for services rendered	$ 300		100,000		100,300
Issuance of preferred shares to officer for advances made to Company and for services rendered, shares	300,000
Net loss for the period				(130,474)	(130,474)
Ending balance, value at Sep. 30, 2021	$ 5,300	$ 681,750	100,000	(906,354)	(112,438)
Ending balance, shares at Sep. 30, 2021	5,300,000	681,750,000
Beginning balance, value at Jun. 30, 2021	$ 5,000	$ 681,750		(775,880)	(82,264)
Beginning balance, shares at Jun. 30, 2021	5,000,000	681,750,000
Net loss for the period					(20,025,669)
Ending balance, value at Mar. 31, 2022	$ 10,000	$ 684,750	19,872,300	(20,347,049)	(34,499)
Ending balance, shares at Mar. 31, 2022	10,000,000	684,750,000
Beginning balance, value at Sep. 30, 2021	$ 5,300	$ 681,750	100,000	(906,354)	(112,438)
Beginning balance, shares at Sep. 30, 2021	5,300,000	681,750,000
Net loss for the period				(19,890,000)	(19,890,000)
Issuance of common and preferred shares to officer for services rendered	$ 4,700	$ 3,000	19,872,300		19,880,000
Issuance of common and preferred shares to officer for services rendered, shares	4,700,000	3,000
Ending balance, value at Dec. 31, 2021	$ 10,000	$ 684,750	19,872,300	(20,796,354)	(129,304)
Ending balance, shares at Dec. 31, 2021	10,000,000	684,750,000
Net loss for the period				(5,195)	(5,195)
Ending balance, value at Mar. 31, 2022	$ 10,000	$ 684,750	19,872,300	(20,347,049)	(34,499)
Ending balance, shares at Mar. 31, 2022	10,000,000	684,750,000
Beginning balance, value at Jun. 30, 2022	$ 5,000	$ 534,750	20,127,300	(20,844,212)	(177,162)
Beginning balance, shares at Jun. 30, 2022	5,000,000	534,750,000
Net loss for the period				(36,408)	(36,408)
Ending balance, value at Sep. 30, 2022	$ 5,000	$ 534,750	20,127,300	(20,880,620)	(213,570)
Ending balance, shares at Sep. 30, 2022	5,000,000	534,750,000
Beginning balance, value at Jun. 30, 2022	$ 5,000	$ 534,750	20,127,300	(20,844,212)	(177,162)
Beginning balance, shares at Jun. 30, 2022	5,000,000	534,750,000
Net loss for the period					(79,039)
Ending balance, value at Mar. 31, 2023	$ 5,000	$ 534,750	20,127,300	(20,923,251)	(256,201)
Ending balance, shares at Mar. 31, 2023	5,000,000	534,750,000
Beginning balance, value at Sep. 30, 2022	$ 5,000	$ 534,750	20,127,300	(20,880,620)	(213,570)
Beginning balance, shares at Sep. 30, 2022	5,000,000	534,750,000
Net loss for the period				(33,131)	(33,131)
Ending balance, value at Dec. 31, 2022	$ 5,000	$ 534,750	20,127,300	(20,913,751)	(246,701)
Ending balance, shares at Dec. 31, 2022	5,000,000	534,750,000
Net loss for the period				(9,500)	(9,500)
Ending balance, value at Mar. 31, 2023	$ 5,000	$ 534,750	$ 20,127,300	$ (20,923,251)	$ (256,201)
Ending balance, shares at Mar. 31, 2023	5,000,000	534,750,000

NATURE OF OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1- NATURE OF OPERATIONS Nature of Operations Worldwide NFT Inc. (the “Company”) was incorporated in the State of Nevada July 12, 2010 The Company had a subsidiary Golden Glory Resources, Inc. This entity was in the business of the aforementioned gold and silver production efforts. There had been no operations in this entity since 2013 until June 9, 2021 when custodianship was awarded to George Sharp. On June 9, 2021, custodianship of the Company was awarded to George Sharp. By Order dated June 14, 2021, all liabilities other than George Sharp’s judgement have been discharged by the Nevada District Court, Clark County. On January 19, 2022, the Company registered with the Secretary of State in Nevada to change their name to Worldwide NFT Inc. FINRA approved the name change, and a forward 3 for 1 stock split of the common shares on June 29, 2022

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These consolidated financial statements are presented as unaudited and in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company believes that these consolidated financial statements present fairly, in all material respects, the financial position of the Company and the results of its operations and cash flows for the periods presented. The consolidated financial statements include the accounts of the Company as well as their wholly owned subsidiary, Golden Glory Resources, Inc. All inter-company transactions have been eliminated in consolidation. The Company has a fiscal June 30 year end.

STOCKHOLDERS_ DEFICIT

STOCKHOLDERS’ DEFICIT	9 Months Ended
	Mar. 31, 2023
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	NOTE 3- STOCKHOLDERS’ DEFICIT There have been no common or preferred stock transactions since 2013 until August 29, 2021 when the Company issued 300,000 On October 22, 2021, the Company issued 3,000,000 4,700,000 19,880,000 In February 2022, the Company had cancelled for no consideration 150,000,000 5,000,000 All of the stock-based compensation was measured pursuant to ASC 718-10-50 at the fair value of the shares at the share price on the date of issuance. The preferred shares convert to common at a ratio of 1 share of preferred stock converts to 90 shares of common stock There are no As of March 31, 2023, 5,000,000 534,750,000

ACCOUNTS PAYABLE - OFFICER

ACCOUNTS PAYABLE - OFFICER	9 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE - OFFICER	NOTE 4 – ACCOUNTS PAYABLE - OFFICER The Company had a judgment filed against them on July 23, 2012 by George Sharp in the amount of $ 57,450 28,049 85,499 3,631 89,130 The Company has incurred additional expenses up through the period ended March 31, 2023 that either have been paid by George Sharp or will be paid by George Sharp. Those advances are included in this account and are non-interest bearing.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 5 – GOING CONCERN The Company concluded that due to the change in management and revival of the entity, these conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the financial statements are issued. Management intends to identify potential merger candidates to provide operating revenues and profitability. Our ability to effectively identify, develop and implement a viable plan for our business may be hindered by risks and uncertainties which are beyond our control, including without limitation, the continued negative effects of the coronavirus pandemic on the U.S. and global economies. Even though management believes this plan will allow the Company to continue as a going concern, there are no guarantees to the successful execution of this plan. These financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. Impact of COVID-19 The COVID-19 pandemic has not had a material impact on the Company, particularly due to our lack of operations.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
	Mar. 31, 2023
Legal Proceedings
LEGAL PROCEEDINGS	NOTE 6 – LEGAL PROCEEDINGS The Company received a notice of appeal to the Nevada Supreme Court filed May 17, 2022 by Warwick Calasse. Mr. Calasse is appealing the decision by the District Court of the State of Nevada in and for Clark County (In the Matter of GOFF Corp., Case No. A-20-815182-B) by an Order dated February 22, 2022 to have the 50,000,000 5,000,000 The Company filed an Amended Complaint against Warwick Calasse in the in the District Court for Clark County, Nevada (Case No.: A-22-858709-B) on September 29, 2022 seeking compensatory and punitive damages on behalf of the Company against Mr. Calasse and alleging that he breached the Consulting Agreement he claims to have entered with the Company and that he breached the fiduciary duties he owed to the Company.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements are presented as unaudited and in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company believes that these consolidated financial statements present fairly, in all material respects, the financial position of the Company and the results of its operations and cash flows for the periods presented. The consolidated financial statements include the accounts of the Company as well as their wholly owned subsidiary, Golden Glory Resources, Inc. All inter-company transactions have been eliminated in consolidation. The Company has a fiscal June 30 year end.

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative)		9 Months Ended
	Jun. 29, 2022	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Entity state of incorporation		NV
Entity date of incorporation		Jul. 12, 2010
Forward stock split	forward 3 for 1 stock split of the common shares on June 29, 2022	The preferred shares convert to common at a ratio of 1 share of preferred stock converts to 90 shares of common stock

STOCKHOLDERS_ DEFICIT (Details

STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($)				1 Months Ended	3 Months Ended				9 Months Ended
	Jun. 29, 2022	Oct. 22, 2021	Aug. 29, 2021	Feb. 28, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued for services, value								$ 100,300
Forward stock split	forward 3 for 1 stock split of the common shares on June 29, 2022								The preferred shares convert to common at a ratio of 1 share of preferred stock converts to 90 shares of common stock
Stock options granted					0	0
Preferred stock, shares authorized					10,000,000				10,000,000	10,000,000
Common stock, shares issued					534,750,000				534,750,000	534,750,000
Common stock, shares outstanding					534,750,000				534,750,000	534,750,000
Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized					5,000,000				5,000,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued, during period							3,000
Number of shares issued for services, value
Number of shares cancelled				150,000,000
Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued, during period							4,700,000
Number of shares issued for services								300,000
Number of shares issued for services, value								$ 300
Number of shares cancelled				5,000,000
George Sharp [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Voting rights, description			the Company issued 300,000 shares of the authorized “blank check” preferred stock to George Sharp with 30,000 common votes for each share of preferred stock
Number of shares issued, during period			300,000
Chief Executive Officer [Member] | Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued for services		4,700,000
Chief Executive Officer [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued for services		3,000,000
Number of shares issued for services, value		$ 19,880,000

ACCOUNTS PAYABLE - OFFICER (Det

ACCOUNTS PAYABLE - OFFICER (Details Narrative) - USD ($)	Mar. 31, 2023	Jun. 30, 2022	Jun. 09, 2021	Jan. 05, 2021	Jul. 23, 2012
Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accounts payable, related party	$ 89,130	$ 89,130
George Sharp [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued interest			$ 3,631	$ 28,049
George Sharp [Member] | Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accounts payable, related party			$ 89,130	$ 85,499	$ 57,450

LEGAL PROCEEDINGS (Details Narr

LEGAL PROCEEDINGS (Details Narrative) - shares		1 Months Ended
	Feb. 22, 2022	Feb. 28, 2022
Common Stock [Member]
Number of shares cancelled		150,000,000
Common Stock [Member] | Mr.Calasse [Member]
Number of shares cancelled	50,000,000
Preferred Stock [Member]
Number of shares cancelled		5,000,000
Preferred Stock [Member] | Mr.Calasse [Member]
Number of shares cancelled	5,000,000