Winvest (WNLV) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-56204
Entity Registrant Name	WINVEST GROUP LTD.
Entity Central Index Key	0001558740
Entity Tax Identification Number	27-2052033
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	50 West Liberty Street
Entity Address, Address Line Two	Suite 880
Entity Address, City or Town	Reno
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89501
City Area Code	(775)
Local Phone Number	996-0288
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		17,526,075

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash	$ 113,195	$ 37,148
Accounts receivable	15,419	28,147
Accounts receivable - other	14,310
Prepaid expenses	7,299	155,354
Total current assets	150,223	220,648
Other assets	1,094
Total Assets	151,317	220,648
Current liabilities
Accounts payable	64,393	23,746
Accrued liabilities	15,704	21,040
Project advances	100,000	100,000
Loan payable	64,118
Notes payable-related parties	706,093	561,830
Total current liabilities	950,308	706,615
Total liabilities	950,308	706,615
Commitments and Contingencies	0	0
STOCKHOLDERS’ DEFICIT
Preferred stock Series A, $0.001 par value 300,000,000, shares authorized, 227,838,680, shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively	227,839	227,839
Common stock, Par Value $0.001, 4,500,000,000 shares authorized, 17,526,075 and 17,411,217 issued and outstanding as of June 30, 2023, and December 31, 2022	17,526	17,411
Additional paid in capital	103,571,797	103,113,871
Accumulated deficit	(104,616,153)	(103,845,089)
Total Stockholders’ Deficit	(798,991)	(485,968)
Total Liabilities and Stockholders’ Deficit	$ 151,317	$ 220,648

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock Series A, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock Series A, shares authorized	300,000,000	300,000,000
Preferred stock Series A, shares issued	227,838,680	227,838,680
Preferred stock Series A, shares outstanding	227,838,680	227,838,680
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	4,500,000,000	4,500,000,000
Common stock, shares issued	17,526,075	17,411,217
Common stock, shares outstanding	17,526,075	17,411,217

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 54,769	$ 4,000	$ 164,978	$ 4,000
Cost of sales	39,828		108,307
Gross margin	14,941	4,000	56,671	4,000
Operating expenses:
Administrative expenses	116,595	57,949	772,924	207,966
Professional fees	22,833	42,090	63,025	42,090
Total operating expenses	139,428	100,039	835,949	250,056
Loss from operations	(124,487)	(96,039)	(779,278)	(246,056)
Other (expense) income:
Interest expense	(6,099)	(192)	(6,099)	(192)
Other income	14,313	129	14,313	129
Other expenses, net	8,214	(63)	8,214	(63)
Net loss	$ (116,273)	$ (96,102)	$ (771,064)	$ (246,119)
Basic loss per common share	$ (0.01)	$ (0.01)	$ (0.04)	$ (0.01)
Diluted loss per common share	$ (0.01)	$ (0.01)	$ (0.04)	$ (0.01)
Weighted average number of shares outstanding basic	17,526,075	16,966,162	17,501,327	16,744,919
Weighted average number of shares outstanding diluted	17,526,075	16,966,162	17,501,327	16,744,919

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS 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 Dec. 31, 2021	$ 227,839	$ 16,511	$ 101,134,772	$ (101,493,644)	$ (114,522)
Beginning balance, shares at Dec. 31, 2021	227,838,680	16,510,563
Reverse split rounding adjustment			(1)
Reverse split rounding adjustment, shares		654
Net loss				(150,017)	(150,017)
Ending balance, value at Mar. 31, 2022	$ 227,839	$ 16,511	101,134,771	(101,643,661)	(264,539)
Ending balance, shares at Mar. 31, 2022	227,838,680	16,511,217
Issuance of common stock for acquisitions		$ 900	1,979,100		1,980,000
Issuance of common stock for acquisitions, shares		900,000
Net loss				(96,102)	(96,102)
Ending balance, value at Jun. 30, 2022	$ 227,839	$ 17,411	103,113,871	(101,739,763)	1,619,358
Ending balance, shares at Jun. 30, 2022	227,838,680	17,411,217
Beginning balance, value at Dec. 31, 2022	$ 227,839	$ 17,411	103,113,871	(103,845,089)	(485,968)
Beginning balance, shares at Dec. 31, 2022	227,838,680	17,411,217
Common stock issued for services		$ 115	457,925		458,040
Common stock issued for services, shares		114,510
Misc. common stock adjustment
Misc. common stock adjustment, shares		348
Net loss				(654,791)	(654,791)
Ending balance, value at Mar. 31, 2023	$ 227,839	$ 17,526	103,571,797	(104,499,880)	(682,719)
Ending balance, shares at Mar. 31, 2023	227,838,680	17,526,075
Net loss				(116,273)	(116,273)
Ending balance, value at Jun. 30, 2023	$ 227,839	$ 17,526	$ 103,571,797	$ (104,616,153)	$ (798,991)
Ending balance, shares at Jun. 30, 2023	227,838,680	17,526,423

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows used in operating activities
Net loss	$ (771,064)	$ (246,119)
Amortization of intangible assets		42,090
Stock based compensation	458,040
Changes in assets and liabilities
Accounts receivable	12,727
Accounts receivable-other	(14,310)
Prepaid expenses	148,054
Other assets	(1,094)
Accounts payable	40,649	1,048
Accrued liabilities and project advances	(5,336)	12,354
Net cash (used in) operating activities	(132,334)	(190,626)
Cash flows provided by investing activities
Acquisition of a business, net of cash		29,800
Net cash provided by investing activities		29,800
Cash flows provided by financing activities
Loan proceeds	64,118
Repayments of related party loans	(113,736)
Proceeds from related party loans	257,999	252,425
Net cash provided by financing activities	208,381	252,425
Net increase in cash	76,047	91,598
Cash, beginning of period	37,148
Cash, end of period	$ 113,195	$ 91,598

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS Winvest Group Ltd, “the Company” (formerly known as Zyrox Mining International Inc. until December 2021) was incorporated in the State of Nevada on June 3, 2009. Winvest Group Ltd began formal operations on June 3, 2009, with the principal purpose of developing, marketing, and selling software products through the Internet, and to provide web based services for individuals and small business. During 2010, this business was discontinued and management focused on developing a biodegradable plastic opportunity. The Company began trading as Riverdale Capital, Ltd. under the symbol “RICP” on June 3, 2009. On August 17, 2010, the then Chief Executive Officer resigned and appointed Carl H. Kruse as sole Director and Chief Executive Officer. Carl H. Kruse became the majority shareholder at that time by virtue of a Stock Purchase Agreement with the majority shareholder, resulting in a change of control of the Issuer. On November 8, 2010, the Company entered into an agreement to acquire 100% 102,238,200 500,000,000 1,000,000 100% 102,238,200 The Company finalized the acquisition of a biodegradable plastic manufacturer, WSPVA, Bio Products International, LLC, a Nevada LLC, on March 12, 2012, for 102,238,200 98,984,744 100% Effective April 30, 2012, the Company changed its name to Diversified Energy & Fuel International, Inc and changed its name to Zyrox Mining International, Inc. on August 15, 2012. During the period from November 2012 through April 2020, the Company was dormant. The Company’s accounting year-end is December 31. David Lazar, the principal of Custodian Ventures, LLC conducted due diligence on the Company and determined that the Company would be a potential Custodianship candidate, based upon previous management appearing to have abandoned the Company approximately eleven years ago. Mr. Lazar then chose to buy shares of the Company on the open market and start a Custodianship proceeding. On December 27, 2019 Custodian Ventures, LLC was appointed as the custodian of the Company by the Eighth Judicial Court of Nevada pursuant to Case No. A-19-805642-B. On March 5, 2021, as a result of a private transaction, 300,000,000 0.001 90% 700,000 Other than as described below, there are no arrangements or understandings between either the former and new control persons and their associates with respect to the election of directors of the Company or other matters. On April 14, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director. On September 14, 2021, The Board of Directors of Zyrox Mining International, Inc. voted to change the Company’s fiscal year end from May 31 to December 31 in order to align it with its intended acquisition target. The Board of Directors of the Company approved this change on September 14, 2021. On December 17, 2021, Zyrox Mining International, Inc (the “Company”), amended its articles of incorporation change its name to Winvest Group Ltd. (the “Name Change”). The change was made in anticipation of entering into a new line of business operations. Also on December 17, 2021, Zyrox Mining International, Inc. amended its articles of incorporation to reverse split its common stock at a rate of 1 for 250 On December 29, 2021, FINRA declared the Name Change and the Reverse effective. Also on December 29, 2021, the Company was informed by FINRA that the Company’s ticker symbol would be changed to WNLV in twenty business days. The Company’s stock symbol changed to WNLV on January 27, 2022. On September 14, 2021, the Board of Directors of the Company approved a change to its fiscal year end from May 31 to December 31. The change in fiscal year became effective for the Company’s 2021 fiscal year, which began June 1, 2021 and ended December 31, 2021. Accordingly, the Company is filing this transition report on Form 10-KT for the seven-month period from June 1, 2021 through December 31, 2021. On December 17, 2021 Zyrox Mining International, Inc. amended its articles of incorporation to change its name to Winvest Group Ltd. (the “Name Change”). The change was made in anticipation of entering into a new line of business operations. Also on December 17, 2021, Zyrox Mining International, Inc. amended its articles of incorporation to reverse split its common stock at a rate of 1 for 250 (the “Reverse”). On December 29, 2021, FINRA declared the Name Change and the Reverse effective. Also on December 29, 2021, the Company was informed by FINRA that the Company’s ticker symbol would be changed to WNLV in twenty business days. The symbol change occurred on January 27, 2022 On May 16, 2022, the Company entered into a share exchange agreement (the “Share Exchange Agreement”) with The Catalyst Group Entertainment, LLC (“TCG”), a California limited liability company, Joseph Lanius (“Lanius”), Nicholas Burnett (“Burnett”), and Khiow Hui Lim (“Khiow,” “Burnett” and together with Lanius, the “TCG Shareholders”), the sole officers, directors, and shareholders of TCG, IQI Media Inc. (“IQI”), a California corporation, solely 100% 900,000 Immediately after completion of such share exchange, the Company had a total of 17,411,217 4,500,000,000 Consequently, the Company has ceased to fall under the definition of shell company as define in Rule 12b-2 under the Exchange Act of 1934, as amended (the “Exchange Act”) and TCG and IQI are now wholly owned subsidiaries. On May 25, 2022, the Board of Directors of Winvest Group Ltd. (the “Company”) appointed Khiow Hui, Lim as the Corporation’s Chief Strategic Officer and Charlene Logan Kelly as the Corporation’s Chief Intellectual Officer. On June 13, 2022, the Board of Directors of Winvest Group Ltd. (the “Company”) appointed Khiow Hui, Lim to the Corporation’s Board of Directors. On June 29, 2022, the Board of Directors of Winvest Group Ltd. (the “Company”) accepted the resignation of Tham Yee Wen as the Company’s Secretary. Also, on June 29, 2022, the Board of Directors of the Company appointed Khiow Hui, Lim as the Company’s Secretary.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Change in Fiscal Year-End On September 14, 2021, the Company’s Board of Directors approved the change in the Company’s fiscal year end from May 31 to December 31. Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP Reverse Split On January 27, 2022, the Company effected a 1 for 250 Management’s Representation of Interim Financial Statements The accompanying unaudited financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary for a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. Going Concern The accompanying 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 financial statements. The Company has incurred operating losses since its inception. As of June 30, 2023, the Company had a working capital deficit of $ 800,085 104,616,153 Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities at the date of the financial statements. 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 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. Revenue Recognition On July 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). Results for reporting periods beginning after January 1, 2018, are presented under ASC 606. As of June 30, 2023, the financial statements were not impacted due to the application of Topic 606. Production – Cost of Revenue The cost of revenue is comprised of labor expense calculated based on an hourly labor rate provided by consultants and employees to produce revenue, as well as portion of office expense which is allocated to each project. Additionally, the cost of revenue includes direct expenses related to the revenues provided, such as managing the client’s Amazon sales channel through the creation of promotional advertisements to increase sales, translation of content into different languages, coordination of projects with different work teams to maximize client benefits, production crew for celebrity endorsements and video shooting, and salaries and wages of employees involved in creating and delivering these services. Administrative Expense Administrative expenses include office expenses, legal, accounting and other professional fees and other expenses and fess associated with being a public company. These expense are recorded as incurred. A small portion of the office expense is allocated to the cost of revenue. Business Combinations Under the acquisition method of accounting, we allocate the fair value of the total consideration transferred to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values on the date of acquisition. The fair values assigned, defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants, are based on estimates and assumptions determined by management. These valuations require us to make significant estimates and assumptions, especially with respect to intangible assets. We record the excess consideration over the aggregate fair value of tangible and intangible assets, net of liabilities assumed, as goodwill. If the initial accounting for a business combination is incomplete by the end of a reporting period that falls within the measurement period, we report provisional amounts in our consolidated financial statements. During the measurement period, we adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date and we record those adjustments to our consolidated financial statements. Goodwill and Intangible Assets Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. Initially the Company measures goodwill based upon the value of the consideration paid plus or minus net assets assumed. This initial measurement is subject to adjustment based on an independent third party valuation study performed within one year of the acquisition date. The goodwill arising from the Company’s acquisition is attributable to the value of the potential expanded market opportunity with new customers. 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 primarily of customer relationships. The useful life of these customer relationships is estimated to be three 3 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. As of December 31, 2022 the Company determined that goodwill and intangible assets had been fully impaired. As a result the Company recorded an impairment charge of $ 1,810,116 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 June 30, 2023, and December 31, 2022, the Company’s cash equivalents totaled $ 113,195 37,148 Prepaid expenses Prepaid expenses are amounts paid to secure the use of assets or the receipt of services at a future date or continuously over one or more future periods. When the prepaid expenses are eventually consumed, they are charged to expense. Prepaid expenses are recorded at fair market value. Accrued liabilities Accrued liabilities include credit card liabilities, and payroll and payroll 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. 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 quarterly 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. Project advances Project advances represent unsecured, interest-free advances made by investors to help the Company fund film projects. If the film is successful the investor can recoup the money advanced as well as earning a royalty based upon the revenues generated by the film. The terms of this arrangement vary by film and by investor. The Company records royalties payable when it becomes probable that royalties will be payable. As of June 30, 2023 and December 31, 2022 the amount of project advances were $ 100,000 100,000 Stock-based Compensation The Company accounts for stock-based compensation using the fair value method following the guidance outlined in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. 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 Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income 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 by the weighted average number of common shares and dilutive common share equivalents outstanding. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which establishes a new lease accounting model for lessees. The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. In March 2019, the FASB issued ASU 2019-01, Codification Improvements, which clarifies certain aspects of the new lease standard. The FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases in July 2018. Also in 2018, the FASB issued ASU 2018-11, Leases (Topic 842) Targeted Improvements, which provides an optional transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendments have the same effective date and transition requirements as the new lease standard. We adopted ASC 842 on June 1, 2020. The adoption of this guidance did not have any impact on our financial statements because we have no leases.

BUSINESS ACQUISITION

BUSINESS ACQUISITION	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS ACQUISITION	NOTE 3. BUSINESS ACQUISITION On May 16, 2022, the Company entered into a share exchange agreement with The Catalyst Group Entertainment, LLC (“TCG”) and IQI Media, Inc (“IQI”) - see Note 1 to the financial statements. Immediately after completion of such share exchange, the Company had a total of 17,411,217 4,500,000,000 Consequently, the Company has ceased to fall under the definition of shell company as define in Rule 12b-2 under the Exchange Act of 1934, as amended (the “Exchange Act”) and TCG and IQI are now wholly owned subsidiaries. For the acquisition of TCG and IQI, the following table summarizes the acquisition date fair value of consideration paid, identifiable assets acquired and liabilities assumed: Consideration paid Schedule of consideration paid Common stock, 900,000 shares of the Company restricted common stock valued at $2.20 per share $ 1,980,000 Net liabilities assumed 55,288 Fair value of total consideration paid $ 2,035,288 Net assets acquired and liabilities assumed: Schedule of net assets acquired and liabilities assumed Cash and cash equivalents $ 29,241 Other current assets 2,637 Total assets $ 31,878 Accounts payable $ 26,916 Due to related party 60,250 Total liabilities $ 87,166 Net liabilities assumed $ 55,288 The Company did not incur any issuance costs to issue debt or equity instruments used to effect the business combination. The Company’s acquisition related costs for legal and accounting expenses were approximately $ 30,000 2.20 The Company allocated the fair value of the total consideration paid of $ 2,035,288 1,024,799 1,010,489 1,810,116 0 0

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 5. NOTES PAYABLE As of June 30, 2023 and December 31, 2022, the balance of notes payable was $ 64,118 0 19.19% 90,000 50,000 $1730.77 per week for 52 weeks until the loan is paid off

NOTES PAYABLE-RELATED PARTIES

NOTES PAYABLE-RELATED PARTIES	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
NOTES PAYABLE-RELATED PARTIES	NOTE 6. NOTES PAYABLE-RELATED PARTIES As of June 30, 2023, and December 31, 2022, the balance of notes payable to related parties was $ 706,093 561,830 The Company’s financing subsequent to the change of control on June 30, 2021 primarily has come from the Winvest Group Limited (Cayman), an affiliate with the same name as the Company, and based in the Cayman Islands; and from the CEO of the Company’s IQI subsidiary. Winvest Group Limited (Cayman) is an equity holdings company in the wellness industry and shares the same board of directors as the Company. As of June 30, 2023, the balance of notes payable was comprised of $ 671,579 31,514 3,000

PROJECT ADVANCES

PROJECT ADVANCES	6 Months Ended
	Jun. 30, 2023
Project Advances
PROJECT ADVANCES	NOTE 7. PROJECT ADVANCES Project advances represent unsecured, interest-free advances made by investors to help the Company fund film projects. If the film is successful the investor can recoup the money advanced as well as earning a royalty based upon the revenues generated by the film. The terms of this arrangement vary by film and by investor. The Company records royalties payable when it becomes probable that royalties will be payable. As of June 30, 2023 and December 31, 2022 the amount of project advances were $ 100,000 100,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8. COMMITMENTS AND CONTINGENCIES The Company did no

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
EQUITY	NOTE 9. EQUITY Common Stock As of June 30, 2023, the Company had 4,500,000,000 0.001 17,526,075 17,411,217 114,510 4.00 458,040 Preferred Stock During 2020 the Company had 855,000 855,000 3,420 As of June 30, 2023, the Company has authorized 300,000,000 227,838,680 227,838,680 Each share of preferred stock is convertible to 50 shares of common stock.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Change in Fiscal Year-End	Change in Fiscal Year-End On September 14, 2021, the Company’s Board of Directors approved the change in the Company’s fiscal year end from May 31 to December 31.
Basis of Presentation	Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP
Reverse Split	Reverse Split On January 27, 2022, the Company effected a 1 for 250
Management’s Representation of Interim Financial Statements	Management’s Representation of Interim Financial Statements The accompanying unaudited financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary for a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year.
Going Concern	Going Concern The accompanying 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 financial statements. The Company has incurred operating losses since its inception. As of June 30, 2023, the Company had a working capital deficit of $ 800,085 104,616,153
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities at the date of the financial statements. 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 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.
Revenue Recognition	Revenue Recognition On July 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). Results for reporting periods beginning after January 1, 2018, are presented under ASC 606. As of June 30, 2023, the financial statements were not impacted due to the application of Topic 606.
Production – Cost of Revenue	Production – Cost of Revenue The cost of revenue is comprised of labor expense calculated based on an hourly labor rate provided by consultants and employees to produce revenue, as well as portion of office expense which is allocated to each project. Additionally, the cost of revenue includes direct expenses related to the revenues provided, such as managing the client’s Amazon sales channel through the creation of promotional advertisements to increase sales, translation of content into different languages, coordination of projects with different work teams to maximize client benefits, production crew for celebrity endorsements and video shooting, and salaries and wages of employees involved in creating and delivering these services.
Administrative Expense	Administrative Expense Administrative expenses include office expenses, legal, accounting and other professional fees and other expenses and fess associated with being a public company. These expense are recorded as incurred. A small portion of the office expense is allocated to the cost of revenue.
Business Combinations	Business Combinations Under the acquisition method of accounting, we allocate the fair value of the total consideration transferred to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values on the date of acquisition. The fair values assigned, defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants, are based on estimates and assumptions determined by management. These valuations require us to make significant estimates and assumptions, especially with respect to intangible assets. We record the excess consideration over the aggregate fair value of tangible and intangible assets, net of liabilities assumed, as goodwill. If the initial accounting for a business combination is incomplete by the end of a reporting period that falls within the measurement period, we report provisional amounts in our consolidated financial statements. During the measurement period, we adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date and we record those adjustments to our consolidated financial statements.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. Initially the Company measures goodwill based upon the value of the consideration paid plus or minus net assets assumed. This initial measurement is subject to adjustment based on an independent third party valuation study performed within one year of the acquisition date. The goodwill arising from the Company’s acquisition is attributable to the value of the potential expanded market opportunity with new customers. 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 primarily of customer relationships. The useful life of these customer relationships is estimated to be three 3 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. As of December 31, 2022 the Company determined that goodwill and intangible assets had been fully impaired. As a result the Company recorded an impairment charge of $ 1,810,116
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 June 30, 2023, and December 31, 2022, the Company’s cash equivalents totaled $ 113,195 37,148
Prepaid expenses	Prepaid expenses Prepaid expenses are amounts paid to secure the use of assets or the receipt of services at a future date or continuously over one or more future periods. When the prepaid expenses are eventually consumed, they are charged to expense. Prepaid expenses are recorded at fair market value.
Accrued liabilities	Accrued liabilities Accrued liabilities include credit card liabilities, and payroll and payroll taxes.
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. 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 quarterly 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.
Project advances	Project advances Project advances represent unsecured, interest-free advances made by investors to help the Company fund film projects. If the film is successful the investor can recoup the money advanced as well as earning a royalty based upon the revenues generated by the film. The terms of this arrangement vary by film and by investor. The Company records royalties payable when it becomes probable that royalties will be payable. As of June 30, 2023 and December 31, 2022 the amount of project advances were $ 100,000 100,000
Stock-based Compensation	Stock-based Compensation The Company accounts for stock-based compensation using the fair value method following the guidance outlined in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.
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 Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income 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 by the weighted average number of common shares and dilutive common share equivalents outstanding.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which establishes a new lease accounting model for lessees. The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. In March 2019, the FASB issued ASU 2019-01, Codification Improvements, which clarifies certain aspects of the new lease standard. The FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases in July 2018. Also in 2018, the FASB issued ASU 2018-11, Leases (Topic 842) Targeted Improvements, which provides an optional transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendments have the same effective date and transition requirements as the new lease standard. We adopted ASC 842 on June 1, 2020. The adoption of this guidance did not have any impact on our financial statements because we have no leases.

BUSINESS ACQUISITION (Tables)

BUSINESS ACQUISITION (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of consideration paid	Schedule of consideration paid Common stock, 900,000 shares of the Company restricted common stock valued at $2.20 per share $ 1,980,000 Net liabilities assumed 55,288 Fair value of total consideration paid $ 2,035,288
Schedule of net assets acquired and liabilities assumed	Schedule of net assets acquired and liabilities assumed Cash and cash equivalents $ 29,241 Other current assets 2,637 Total assets $ 31,878 Accounts payable $ 26,916 Due to related party 60,250 Total liabilities $ 87,166 Net liabilities assumed $ 55,288

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($)				1 Months Ended				6 Months Ended
	Mar. 12, 2022	Mar. 05, 2021	Mar. 12, 2012	May 16, 2022	Jan. 27, 2022	Dec. 17, 2021	Nov. 08, 2010	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Issuance of common stock for donated service			98,984,744
Reverse split					1 for 250	1 for 250
Common stock, shares issued								17,526,075	17,411,217
Common stock, shares outstanding								17,526,075	17,411,217
Common stock, shares authorized								4,500,000,000	4,500,000,000
Common Class A [Member]
Restructuring Cost and Reserve [Line Items]
Issuance of common stock								500,000,000
Common Class B [Member]
Restructuring Cost and Reserve [Line Items]
Issuance of common stock								1,000,000
Series A Preferred Stock [Member]
Restructuring Cost and Reserve [Line Items]
Issuance of common stock		300,000,000
Price per share (in Dollars per share)		$ 0.001
Consideration paid (in Dollars)		$ 700,000
Nevada LLC [Member]
Restructuring Cost and Reserve [Line Items]
Issuance of common stock							102,238,200
WSPVA [Member]
Restructuring Cost and Reserve [Line Items]
Issuance of common stock	102,238,200							102,238,200
The Catalyst Group Entertainment [Member] | Share Exchange Agreement [Member]
Restructuring Cost and Reserve [Line Items]
Issuance of common stock				900,000
Common stock, shares issued				17,411,217
Common stock, shares outstanding				17,411,217
Common stock, shares authorized				4,500,000,000
Series of Individually Immaterial Business Acquisitions [Member]
Restructuring Cost and Reserve [Line Items]
Membership interest			100%				100%
Series of Individually Immaterial Business Acquisitions [Member] | Series A Preferred Stock [Member]
Restructuring Cost and Reserve [Line Items]
Membership interest		90%
Series of Individually Immaterial Business Acquisitions [Member] | WSPVA [Member]
Restructuring Cost and Reserve [Line Items]
Membership interest	100%
The Catalyst Group Entertainment [Member] | Share Exchange Agreement [Member]
Restructuring Cost and Reserve [Line Items]
Membership interest				100%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Jan. 27, 2022	Dec. 17, 2021	Dec. 31, 2022	Jun. 30, 2023
Accounting Policies [Abstract]
Reverse split	1 for 250	1 for 250
Working capital deficit				$ 800,085
Accumulated deficit			$ 103,845,089	$ 104,616,153
Useful life				3 years
Asset Impairment Charges			1,810,116
Cash and cash equivalent			37,148	$ 113,195
Project advances			$ 100,000	$ 100,000

BUSINESS ACQUISITION (Details)

BUSINESS ACQUISITION (Details) - TCG and IQI [Member]	1 Months Ended
	May 16, 2022 USD ($)
Business Acquisition [Line Items]
Common stock, 900,000 shares of the Company restricted common stock valued at $2.20 per share	$ 1,980,000
Net liabilities assumed	55,288
Fair value of total consideration paid	$ 2,035,288

BUSINESS ACQUISITION (Details 1

BUSINESS ACQUISITION (Details 1) - TCG and IQI [Member]	May 16, 2022 USD ($)
Business Acquisition [Line Items]
Cash and cash equivalents	$ 29,241
Other current assets	2,637
Total assets	31,878
Accounts payable	26,916
Due to related party	60,250
Total liabilities	87,166
Net liabilities assumed	$ 55,288

BUSINESS ACQUISITION (Details N

BUSINESS ACQUISITION (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	May 16, 2022	Dec. 31, 2022	Jun. 30, 2023
Business Acquisition [Line Items]
Common stock, shares issued		17,411,217	17,526,075
Common stock, shares outstanding		17,411,217	17,526,075
Common stock, shares authorized		4,500,000,000	4,500,000,000
Impairment charge		$ 1,810,116
Goodwill and intangible assets		$ 0	$ 0
TCG and IQI [Member]
Business Acquisition [Line Items]
Common stock, shares issued	17,411,217
Common stock, shares outstanding	17,411,217
Common stock, shares authorized	4,500,000,000
Acquisition related costs	$ 30,000
Share price	$ 2.20
Total consideration paid	$ 2,035,288
Goodwill	1,024,799
Intangible assets, gross	$ 1,010,489

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended
	Feb. 28, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Notes payable		$ 64,118	$ 0
Paypal Business Loan [Member]
Debt Instrument [Line Items]
Interest rate	19.19%
Maximum borrowing capacity	$ 90,000
Principal amount	$ 50,000
Periodic payment description	$1730.77 per week for 52 weeks until the loan is paid off

NOTES PAYABLE-RELATED PARTIES (

NOTES PAYABLE-RELATED PARTIES (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Notes payable related parties	$ 706,093	$ 561,830
Chief Executive Officer [Member]
Due to related party	3,000
Winvest Cayman And Group [Member]
Due to related party	671,579
IQI [Member] | Chief Executive Officer [Member]
Due to related party	$ 31,514

PROJECT ADVANCES (Details Narra

PROJECT ADVANCES (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Project Advances
Project advances	$ 100,000	$ 100,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contractual commitments	$ 0	$ 0

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Common stock, shares authorized	4,500,000,000			4,500,000,000
Common stock, par or stated value per share (in Dollars per share)	$ 0.001			$ 0.001
Common stock, shares issued	17,526,075			17,411,217
Common stock, shares outstanding	17,526,075			17,411,217
Stock based compensation expense	$ 458,040
Preferred stock, shares outstanding	227,838,680			227,838,680	855,000
Conversion of stock, shares converted			855,000
Number of shares issued	3,420
Preferred stock, shares authorized	300,000,000			300,000,000
Preferred stock, shares issued	227,838,680			227,838,680
Conversion basis	Each share of preferred stock is convertible to 50 shares of common stock.
Individual Counterparty [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common stock issued for services provided	114,510
Share Price	$ 4