Renavotio (RIII) 10-Q 16 Nov 20 2020 Q3 Quarterly report Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2020shares
Cover [Abstract]
Entity Registrant Name	RENAVOTIO, INC.
Entity Central Index Key	0001574910
Entity File Number	333-188401
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Common Stock Shares Outstanding	107,688,241
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	NV

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2020	Sep. 30, 2019
Current assets
Cash	$ 209,596	$ 26,962
Accounts receivable	475,015	0
Prepaid expenses	13,306	1,436
Inventory	125,160	0
Other receivables - related party	98,589	10,800
Other current assets	17,256	7,060
Total Current Assets	938,922	46,258
Fixed assets, net	1,006,880	0
Total Assets	1,945,802	46,258
Current Liabilities
Accounts payable	5,359	38,574
Accrued expenses	192,393	271,086
Other payables	11,467	6,699
Notes payable - related party	0	79,468
Loan payable- related party	0	170,475
Convertible notes	526,010	175,917
Notes payable, current portion	67,585	0
Income tax payable	0	10,681
Total Current Liabilities	802,814	752,900
Notes payable, net of current	3,305,028	0
Total Liabilities	4,107,842	752,900
Commitments and Contingencies	0	0
Stockholders' Equity
Common stock, $0.001 par value, 500,000,000 shares authorized; 107,688,241 and 75,135,000 shares issued and outstanding	107,688	75,135
Additional paid in capital	187,280	223,705
Accumulated deficit	(2,457,323)	(1,008,098)
Accumulated other comprehensive income (loss)	0	2,616
Total stockholders' equity (deficit)	(2,162,040)	(706,642)
Total liabilities and stockholders' equity (deficit)	1,945,802	46,258
Series A Preferred Stock [Member]
Stockholders' Equity
Preferred stock, value	200	0
Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock, value	$ 114	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2020	Sep. 30, 2019
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	107,688,241	75,135,000
Common stock, shares outstanding	107,688,241	75,135,000
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	20,000,000	20,000,000
Preferred stock, shares outstanding	20,000,000	20,000,000
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	11,442,857	11,442,857
Preferred stock, shares issued	11,442,857	11,442,857
Preferred stock, shares outstanding	11,442,857	11,442,857

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenues	$ 329,004	$ 40,171	$ 2,149,095	$ 234,812
Cost of Revenues	302,641	12,407	1,258,494	111,265
Gross Profit	26,363	27,764	890,601	123,547
Operating Expenses
General and Administrative	746,660	156,723	1,784,764	676,727
Other expenses	132,098	0	239,087	0
Net Income (Loss) from Operations before Income Taxes	(852,395)	(128,959)	(1,133,250)	(553,180)
Provision for Income Taxes	0	0	0	0
Net Income (Loss)	(852,395)	(128,959)	(1,133,250)	(553,180)
Other Comprehensive Income (Loss)
Foreign currency translation adjustment	(4,881)	(408)	(2,616)	(66)
Comprehensive Income (Loss)	$ (857,276)	$ (129,367)	$ (1,135,866)	$ (553,246)
Earnings (Loss) per Common Share-Basic and Diluted	$ (0.01)	$ 0	$ (0.01)	$ (0.01)
Weighted Average Number of Common
Shares Outstanding Basic and diluted	99,540,163	75,100,000	87,911,551	75,053,480

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock	Preferred Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total
Balance, shares at Dec. 31, 2018	7,500,000
Balance, amount at Dec. 31, 2018	$ 75,000		$ 26,340	$ 444,240	$ (1,459)	$ 542,121
Net loss				(95,375)		(95,375)
Foreign currency translation adjustment					966	966
Balance, shares at Mar. 31, 2019	75,000,000
Balance, amount at Mar. 31, 2019	$ 75,000		26,340	346,865	493	447,712
Net loss				(328,846)		(328,846)
Foreign currency translation adjustment					(624)	(624)
Shares issued for compensation, shares	100,000
Shares issued for compensation, amount	$ 100		99,900			100,000
Balance, shares at Jun. 30, 2019	75,100,000
Balance, amount at Jun. 30, 2019	$ 75,100		126,240	18,019	(1,117)	218,242
Net loss				(128,959)		(128,959)
Foreign currency translation adjustment					(408)	(408)
Balance, shares at Sep. 30, 2019	75,100,000
Balance, amount at Sep. 30, 2019	$ 75,100		126,240	(110,940)	(1,525)	(706,642)
Balance, shares at Dec. 31, 2019	75,135,000
Balance, amount at Dec. 31, 2019	$ 75,135		223,705	(1,008,372)	2,616	(706,642)
Net loss				(99,274)		(99,274)
Foreign currency translation adjustment					891	891
Balance, shares at Mar. 31, 2020	75,135,000
Balance, amount at Mar. 31, 2020	$ 75,135		223,705	(1,107,372)	3,507	(805,025)
Net loss				(155,385)		(155,385)
Foreign currency translation adjustment					1,374	1,374
Shares cancelled for acquisition, shares	(22,000,000)
Shares cancelled for acquisition, amount	$ (22,000)		22,000
Shares issued for services, shares	10,700,000
Shares issued for services, amount	$ 10,700		310,300			321,000
Shares issued for conversion of notes, shares	20,600,000
Shares issued for conversion of notes, amount	$ 20,600		117,028			137,628
Balance, shares at Jun. 30, 2020	84,435,000
Balance, amount at Jun. 30, 2020	$ 84,435		673,033	(1,262,757)	4,881	(500,408)
Net loss				(852,395)		(852,395)
Shares cancelled for acquisition, shares	(8,000,000)
Shares cancelled for acquisition, amount	$ (8,000)		8,000
Shares issued for services, shares	750,000
Shares issued for services, amount	$ 750		44,250			45,000
Shares issued for services, shares		11,442,857
Shares issued for services, amount		$ 114				114
Shares issued for conversion of notes, shares	5,931,813
Shares issued for conversion of notes, amount	$ 5,932		50,318			56,250
Shares issued for acquisition, shares	24,571,428
Shares issued for acquisition, amount	$ 24,571		(24,571)
Shares issued for acquisition, shares		20,000,000
Shares issued for acquisition, amount		$ 200	(200)
Effect of reverse merger			(563,549)	(342,171)	(4,881)	(910,601)
Balance, shares at Sep. 30, 2020	107,688,241	31,442,857
Balance, amount at Sep. 30, 2020	$ 107,688	$ 314	$ 187,280	$ (2,457,323)		$ (2,162,040)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating Activities
Net loss of the period	$ (1,133,250)	$ (553,180)
Adjustments to reconcile net loss to net cash used in operating activities
Foreign currency translation adjustment	0	(66)
Stock based compensation	366,114	100,000
Amortization on discount of convertible notes	16,917	0
Amortization of debt issue cost	7,545	0
Effect of reverse merger	117,232	0
Change in assets and liabilities
Accounts receivable (increase) decrease	(50,899)	1,123,422
Prepayments (increase) decrease	0	(49,523)
Inventory (increase) decrease	(125,160)	0
Other receivables (increase) decrease	(228,589)	(129,513)
Advance to director (increase) decrease	0	(245,365)
Other current assets (increase) decrease	(2,165)	0
Accounts payable increase (decrease)	25,029	(897,727)
Accrued expenses increase (decrease)	(9,322)	132,438
Other payables increase (decrease)	0	1,495
Income tax payables increase (decrease)	0	(106)
Net cash used in operating activities	(1,016,548)	(518,125)
Investing Activities
Purchase of fixed assets	(58,417)	0
Proceeds from notes receivable	2,515	0
Net cash provided by (used in) investing activities	(55,902)	0
Financing Activities
Proceeds from notes payable	661,768	0
Proceeds from related parties	236,750	3,980
Proceeds from capital contribution	254,221	0
Repayment of credit line	(100,000)	0
Bank transfer	(1,853)	0
Net cash provided by (used in) financing activities	1,050,886	3,980
Net decrease in cash and equivalents	(21,565)	(514,145)
Cash and equivalents at beginning of the period	231,161	520,772
Cash and equivalents at end of the period	209,596	26,962
Supplemental cash flow information:
Interest paid	147,390	0
Income taxes paid	$ 0	$ 0

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Renavotio, Inc., formerly Success Entertainment Group International, Inc.(“the Company”), was incorporated in the State of Nevada on January 30, 2013 under the name Altimo Group Corp. The Company’s initial business plan was to place and operate frozen yogurt making machines. Effective July 14, 2014, there was a change in control of the Company. Pursuant to a May 5, 2014 stock purchase agreement (the "SPA") by and among Marek Tomaszewski, the seller of an aggregate of 8,000,000 shares of common stock of the Company (the "Control Block Seller"), and Success Holding Group Corp. USA, a Nevada corporation (the "Control Block Purchaser"), the Control Block Purchaser purchased 8,000,000 Common Stock Shares from the Control Block Shareholders. Further, pursuant to the SPA, the Company accepted the resignations of its sole officer/director, Marek Tomaszewski as President/Chief Executive Officer/Secretary/Treasurer/Chief Financial Officer effective July 14, 2014. Simultaneously, the Company’s Board of Directors appointed Steve Chen as Chief Executive Officer/Directorand Brian Kistler as Director/President/Secretary/ Treasurer/Chief Financial Officer. Effective August 22, 2014, the Company changedits name to "Success Entertainment Group International Inc." to better reflect its business operations. Effective on July 15, 2014, Altimo Group Corp (“Creditor”) executeda general release and waiver of debt agreement with Marek Tomaszekwsi, the Company's prior Chief Executive Officer/Chief Financial Officer, pursuant to which the Creditor agreed to waive and release the debt due and owing to it in the aggregate amount of $5,100. Effective July 15, 2014, pursuant to the change in ownership described above, the focus and direction of the Company became the production and development of internet movies and training films. On December 1, 2014, the Company’s Board of Directors amended its Bylaws to change its fiscal year end from March 31 to December 31. On December 2, 2014, Steve Chen resigned as the Chief Executive Officer and the Company appointed Chris (Chi Jui) Hong as its Chief Executive Officer/Director.On November 19, 2015, the Company acquired 100% shares of Double Growth Investment Ltd. On December 9, 2015, the Company acquired 100%for investment purposes of the shares of Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limited, at which time these entities became the Company’s subsidiaries, which were registered in Republic of Seychelles. In 2016, the Company discontinued Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limiteddue to non-payment of the annual renewal fee. On December 14, 2017, the Company acquired 100% of the shares of Success Events (Hong Kong) Limited, a company registered in Hong Kong Special Administrative Region. Success Events (Hong Kong) Limited held 60% shares of Shenzhen Internet Media Co., Ltd. and 100% shares of Distribution Network Inc. Shenzhen Internet Media Co., Ltd was registered in China. Distribution Network Inc. was registered in Seychelles and its main business was holding seminars in the Great China Area. On February 28, 2018, Success Events (Hong Kong) Limited transferred 60% shares of Shenzhen Internet Media Co., Ltd. to a China company, Shenzhen Internet Media Co., Ltd., which is no longer a subsidiary of the Company. On May 30, 2018, Success Events (Hong Kong) Limited acquired 100% shares of Success Win (Shanghai) Co., Ltd. On February 27, 2019, SEGN Taiwan Limited was incorporated in Taiwan to hold 100% of its shares. On April 3, 2020, the Company entered into an acquisition agreement to acquire Renavotio Infratech, Inc. (“RII”) pursuant to which a new business plan was adopted consisting of RII, the Delaware corporation, an underground infrastructure installation including fiber optic, 5G,and Medical Infrastructure, including Personal protection equipment sales and production. Also, onApril 3, 2020, Steve Chen resigned as the Company’s Chairman, Chris (Chi Jui) Hong resigned as the Company’s Chief Executive Officer/Director, and Brian Kistler resigned as President. On April 3, 2020, William Robinson was appointed as the Company’s Chairman/Chief Executive Officer/President. Following this appointment, the Company’s Board of Directors consisted of William Robinson, Steve Andrew Chen, and Brian Kistler. On July 15, 2020, the Company completed the purchase of UMC and its two subsidiaries, Utility Management & Construction, LLC (“UMCCO”) and Cross-Bo Construction, LLC (“Cross-Bo,each of which areOklahoma limited liability companies,”).The Company paid a purchase price of $4,500,000.00, as follows: (i) an initial amount of ($354,000 was paid in cash and notes; (ii) RII assumed $2,846,000 in UMC debt; and (iii) $1,300,000 of the common stock of Renavotio, (“SEGN”) common stock to be issued at $.07 a share, which is equivalent to 18,571,428 restricted SEGN shares. On July 29, 2020, we filed an application with FINRA for a name change to Renavotio, Inc. (“RI”) and a new trading symbol, RIII, which was approved by FINRA October 11, 2020, to better illustrate its current business operations. On August 29, 2020 the Company sold its 3 overseas non-core operating subsidiaries, Taiwan Limited, Success Events (Hong Kong) Limited and Double Growth, pursuant to an agreement with Success Holding Group Corp. (“SHGR”). SHGR agreed to assume all of the labilities associated with the overseas operations and to complete its original acquisition of RII, the Company agreed to issue t On October 21, 2020 the Company entered an agreement to purchase Tritanium Labs USA, Inc., an Oklahoma company and its subsidiaries, Tritanium Labs, LLC, an Illinois Limited Liability Company, TruCleanz Distribution, Inc., an Oklahoma Corporation, and Pro N95 USA, LLC, a New Jersey Limited Liability Company.The purchase price of $6,000,000 is to be paid as follows: (i) an initial payment of $250,000) and (ii) such number of shares of the Parent’s common stock, par value $.0001per share (“Parent Stock”), as shall be equal to (x)$5,750,000 divided by (y) (1) [$.12] (the “Share Consideration”). 75% of the number of shares constituting the Share Consideration is required to be delivered to the Seller as part of the Closing Consideration and 25% of such

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statements The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year. Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Principles of Consolidation The consolidated financial statements include the accounts of the Company and all its majority-owned subsidiaries which require consolidation. Inter-company transactions have been eliminated in consolidation. Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses. Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the nine months ended September 30, 2020 is included net income and foreign currency translation adjustments. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $209,596 of cash as of September 30, 2020. The Company’s bank accounts are deposited in insured institutions. At September 30, 2020, the Company’s bank deposits did not exceed the insured amounts. Accounts Receivable Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to an allowance for bad debts based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for bad debts and a credit to accounts receivable. Fair Value of Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments consist of cash, a related party loan and note payable related party. The carrying amount of these financial instruments approximates fair value due their short-term maturity. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Revenue Recognition The Company will recognize revenue in accordance with ASC. 605, “Revenue Recognition”. ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. The major revenue streams of the Company are a series of human spirit stimulation training seminars. Training seminars have its agenda and speaking topics and other decoration details defined within the contract.The Company recognizes revenue when services have been provided, and collection is reasonably assured. Advertising Costs The Company policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 for the nine months ended September 30, 2020. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. As of September 30, 2020, the Company has not adopted a stock option plan and has not granted any stock options. Basic and Diluted Income (Loss) per Share Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. For the nine months ended September 30, 2020, the potential dilution associated with convertible debt was excluded from the calculation as it will create an anti-dilutive effect. Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

OTHER RECEIVABLES - RELATED PAR

OTHER RECEIVABLES - RELATED PARTY	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
NOTE 3 - OTHER RECEIABLES- RELATED PARTY	NOTE 3 – OTHER RECEIVABLES – RELATED PARTY As of September 30, 2020, the Company has $98,589of other receivables from companies under the control of William Robinson, the Company’s Chairman/ CEO.

CONVERTIBLE NOTES

CONVERTIBLE NOTES	9 Months Ended
	Sep. 30, 2020
Convertible Debt [Abstract]
NOTE 4 - CONVERTIBLE NOTES	NOTE 4 – CONVERTIBLE NOTES On October 22, 2019, the Company completed a Securities Purchase Agreement,dated as of September 5, 2019under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $75,000 for purchase price of $67,500.The Note will mature on September 5, 2020. The Note is convertible into shares of common stock at any time on or after the 180th calendar day after the issue dateand the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date, or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion. For the nine months ended September 30, 2020, this note was totally converted to 8,600,000 shares. On November 15, 2019, the Company completed a Securities Purchase Agreement, under which the Company has issued a 5% Convertible Notein the aggregate principal amount of $75,000 for purchase price of $67,500. The Note will mature on July 31, 2020. The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.For the nine months ended September 30, 2020, this note was totally converted to 7,750,000 shares . On November 22, 2019, the Company completed a Securities Purchase Agreement, under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $40,500 for purchase price of $36,500. The Note will mature on November 22, 2020. The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) 50% multiplied by the lowest “Trading Price” (defined below) (representing a discount rate of 50% during the prior date of his Note or (ii) the Variable Conversion Price (defined below) (subject to equitable adjustment as further described herein). The “Variable Conversion Price” meaning, 50% multiplied by the Market Price (as defined herein)(representing a discount rate of 50%). “Market Price” means, for any security as of any date, the lowest traded price on the Over-the-Counter Pink Marketplace, OTCQB, or applicable trading market (the “Principal Market”)as reported by a reliable reporting service (“Reporting Service”) designated by Crown Bridge Partners (i.e. Bloomberg) or, if the Principal Market is not the principal trading market for such security, on the principal securities exchange or trading market where such security is listed or traded or, if the lowest intraday trading price of such security is not available in any of the foreign manners, the lowest intraday price of any market makers for such security that are quoted on the OTC Markets. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Company and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such notes.For the nine monthsended September 30, 2020, this note was totally converted to 10,181,813 shares. On May 4, 2020, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 12% Convertible Note in the aggregate principal amount of $103,000. The Note will mature on May 4, 2021. The default interest rate is 22%. The Company entered into a settlement agreement and agreed to pay this note off by November 3, 2020. On June 8, 2020, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 12% Convertible Note in the aggregate principal amount of $63,000. The Note will mature on June 8, 2021. The default interest rate is 22%.The company entered into a settlement agreement and agreed to pay this note off by December 7, 2020. On July 7, 2020, the Company completed a Securities Purchase Agreement, under which the Company has issued a 6% Convertible Note in the aggregate principal amount of $112,000. The Note will mature on July 7, 2021. The default interest rate is 24%. On July 20, 2020, the Company completed a Securities Purchase Agreement, under which the Company has issued a 6% Convertible Note in the aggregate principal amount of $112,000. The Note will mature on July 20, 2021. The default interest rate is 24%. On September 16, 2020, the Company completed a Securities Purchase Agreement, under which the Company has issued a 10% Convertible Note in the aggregate principal amount of $112,500. The Note will mature on July 20, 2021. The discount on for these convertible notes is amortized over the term of the notes. For the nine months ended September 30, 2020, amortization for discount on these convertible notes is $16,917.

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2020
Notes and Loans Payable, Current [Abstract]
NOTE 5- NOTES PAYABLE	NOTE 5 – NOTES PAYABLE On March 27, 2018, in connection with a change in ownership, UMCCO entered into a SBA Note Payable Agreement pursuant to which a promissory note was issued in the principal amount of $1,021,000 secured by all UMCCO assets. The note matures on March 27, 2031 and requires monthly principal and interest payments of $10,125 with interest at prime plus 2.75%. At September 30, 2020, the unpaid principal balance of the note totaled $905,164. On March 27, 2018, in connection with a change in ownership, UMCCO entered into a SBA Note Payable Agreement pursuant to which a promissory note was issued in the principal amount of $50,000, which was funded during August 2019. The note requires monthly interest payments with interest at prime plus 3.25%. At September 30, 2020, the unpaid principal balance of the note totaled $40,000. On November 15, 2018, UMCCO entered into a Note Payable Agreement pursuant to which a zero interest unsecured promissory note was issued in the principal amount of $50,000. The note matured on June 30, 2019 and no required payments until maturity. The note was repaid in full during the first quarter of 2019. On April 14, 2020, UMCCO received loan proceeds in the amount of $211,518 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses and organizations for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1.00%, with a deferral of payments for the first six months. UMCCO used the proceeds for purposes consistent with the PPP. On November 1, 2018, in connection with a change in ownership, Cross-Bo entered into a SBA Note Payable Agreement pursuant to which a promissory note was issued in the principal amount of $1,569,800 secured by all Cross-Bo assets. The note matures on November 1, 2028 and requires monthly principal and interest payments of $19,049 with interest at prime plus 2.75%. At September 30, 2020, the unpaid principal balance of the note totaled $1,369,985. On November 16, 2018, in connection with a change in ownership, Cross-Bo entered into a Note Payable Agreement pursuant to which zero interest unsecured promissory note was issued in the principal amount of $84,200 due to the former owner. The note matures on November 14, 2033 and requires monthly principal and interest payments of $1,403 beginning in December 2028. At September 30, 2020, the unpaid principal balance of the note totaled $84,200. On September 26, 2019, Cross-Bo entered into a Note Payable Agreement with a third party pursuant to which a promissory note was issued in the principal amount of $75,000. The note matured on December 25, 2019. The note required monthly interest payments with interest at prime plus 8.50%. On February 21, 2020, the maturity of the note was extended to August 19, 2020. At September 30, 2020, the unpaid principal balance of the note totaled $67,585. On December 7, 2019, Cross-Bo entered into a SBA Note Payable Agreement pursuant to which a promissory note was issued in the principal amount of $50,000. The note requires monthly interest payments with interest at prime plus 3.25%. At September 30, 2020, the unpaid principal balance of the note totaled $49,000. On April 14, 2020, Cross-Bo received loan proceeds in the amount of $139,677 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses and organizations for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1.00%, with a deferral of payments for the first six months. Cross-Bo used the proceeds for purposes consistent with the PPP. On May 6, 2020, Cross-Bo entered into a Note Payable Agreement with the former owner pursuant to which a distribution payable to the former owner was converted into a promissory note in the principal amount of $355,484. The note matures on May 6, 2025 and requires monthly principal and interest payments of $6,873 with interest at 6.00%. At September 30, 2020, the unpaid principal balance of the note totaled $355,484. On July 21, 2020, the Companyentered into a SBALoan Agreement with principle amount of $150,000. The annual interest rate is 3.75%. The loan require monthly payment, including principle and interest, of $375 beginning from 12 months from the date of the promissory note. The balance of principal and interest will be payable Thirty 30 years from the date of the promissory note.

COMMON STOCK

COMMON STOCK	9 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
NOTE 6 - COMMON STOCK	NOTE 6 – COMMON STOCK The Company has 500,000,000 of common stock authorized, $0.001 par value. There were 107,688,241 shares of common stock issued and outstanding as of September 30, 2020.

PREFERRED STOCK

PREFERRED STOCK	9 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
NOTE 7 - PREFERRED STOCK	NOTE 7 – PREFERRED STOCK The Company has 20,000,000, $0.0001 par value shares of Series A Preferred stock authorized and 20,000,000 issued and outstanding The Company has 1,000,000, $0.0001 par value shares of Series B Preferred stock authorized, no shares if which are issued and outstanding The Company has 11,442,857, $0.0001 par value shares of Series C Preferred stock authorized and issued

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
NOTE 8 - COMMITMENTS AND CONTINGENCIES	NOTE 8 – COMMITMENTS AND CONTINGENCIES We were not subject to any legal proceedings on September 30, 2020 and no legal proceedings are pending or threatened to the next of our knowledge or belief.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year.
Basis of Presentation	Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and all its majority-owned subsidiaries which require consolidation. Inter-company transactions have been eliminated in consolidation.
Reclassification	Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses.
Comprehensive Income	Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the nine months ended September 30, 2020 is included net income and foreign currency translation adjustments.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $209,596 of cash as of September 30, 2020. The Company’s bank accounts are deposited in insured institutions. At September 30, 2020, the Company’s bank deposits did not exceed the insured amounts.
Accounts Receivable	Accounts Receivable Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to an allowance for bad debts based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for bad debts and a credit to accounts receivable.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments consist of cash, a related party loan and note payable related party. The carrying amount of these financial instruments approximates fair value due their short-term maturity.
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Revenue Recognition	Revenue Recognition The Company will recognize revenue in accordance with ASC. 605, “Revenue Recognition”. ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. The major revenue streams of the Company are a series of human spirit stimulation training seminars. Training seminars have its agenda and speaking topics and other decoration details defined within the contract.The Company recognizes revenue when services have been provided, and collection is reasonably assured.
Advertising Costs	Advertising Costs The Company policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 for the nine months ended September 30, 2020.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. As of September 30, 2020, the Company has not adopted a stock option plan and has not granted any stock options.
Basic and Diluted Income (Loss) per Share	Basic and Diluted Income (Loss) per Share Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. For the nine months ended September 30, 2020, the potential dilution associated with convertible debt was excluded from the calculation as it will create an anti-dilutive effect.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

ORGANIZATION AND NATURE OF BU_2

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - USD ($)	Dec. 14, 2017	Oct. 21, 2020	Aug. 29, 2020	Jul. 15, 2020	Feb. 28, 2018	Nov. 19, 2015	May 30, 2018	Jul. 15, 2014	May 05, 2014
Double Growth Investment Ltd. [Member]
Acquired shares percentage						100.00%
Description of acquisitions for future investment purpose						The Company acquired 100% shares of Double Growth Investment.
Utility Management Corp [Member]
Business Combination, Consideration Transferred				$ 4,500,000
Business acquired payments term, description				(i) an initial amount of ($354,000 was paid in cash and notes; (ii) RII assumed $2,846,000 in UMC debt; and (iii) $1,300,000 of the common stock of Renavotio, (“SEGN”) common stock to be issued at $.07 a share, which is equivalent to 18,571,428 restricted SEGN shares.
Hong Kong [Member]
Acquired shares percentage	100.00%						100.00%
Description of acquisitions for future investment purpose	Success Events (Hong Kong) Limited holds 60% shares of Shenzhen Internet Media Co., Ltd. and 100% shares of Distribution Network Inc.				Success Events (Hong Kong) Limited transferred 60% shares of Shenzhen Internet Media Co., Ltd. to a company in China.
SHGR [Member]
Business Combination, Consideration Transferred			$ 6,000,000
Tritanium Labs USA, Inc. [Member] | Subsequent Event [Member]
Business Combination, Consideration Transferred		$ 6,000,000
Business acquired payments term, description		(i) an initial payment of $250,000) and (ii) such number of shares of the Parent’s common stock, par value $.0001per share (“Parent Stock”), as shall be equal to (x)$5,750,000 divided by (y) (1) [$.12] (the “Share Consideration”). 75% of the number of shares constituting the Share Consideration is required to be delivered to the Seller as part of the Closing Consideration and 25% of such shares designated as Holdback Shares will be held back by Buyer to secure Seller’s indemnity obligationsand will be released to Seller upon the expiration of 1 year from the Closing Date.
Released Debt [Member]
Waive and release debt								$ 5,100
Stock Purchase Agreement [Member]
Common stock shares									8,000,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	9 Months Ended
	Sep. 30, 2020USD ($)
Accounting Policies [Abstract]
Cash	$ 209,596
Advertising expense	$ 0

OTHER RECEIVABLES - RELATED P_2

OTHER RECEIVABLES - RELATED PARTY (Details Narrative) - USD ($)	Sep. 30, 2020	Sep. 30, 2019
Other receivables	$ 98,589	$ 10,800
William Robinson [Member]
Other receivables	$ 98,589

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative) - USD ($)	Sep. 09, 2020	Jul. 07, 2020	Jul. 20, 2020	Jun. 08, 2020	May 04, 2020	Nov. 22, 2019	Nov. 15, 2019	Oct. 22, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 16, 2020
Amortization for discount									$ 16,917	$ 0
Convertible Note [Member]
Amortization for discount									$ 16,917
Securities Purchase Agreement [Member]
Principal amount		$ 112,000	$ 112,000								$ 112,500
Maturity date	Jul. 20, 2021	Jul. 7, 2021	Jul. 20, 2021
Convertible note, rate of interest		6.00%	6.00%								10.00%
Default interest rate		24.00%	24.00%
Securities Purchase Agreement [Member] | Convertible Note [Member]
Principal amount								$ 75,000
Conversion description								The Note will mature on September 5, 2020. The Note is convertible into shares of common stock at any time on or after the 180th calendar day after the issue date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.
Purchase price								$ 67,500
Maturity date								Sep. 5, 2020
Converted shares									8,600,000
Convertible note, rate of interest								5.00%
Securities Purchase Agreement [Member] | Convertible Note One [Member]
Principal amount							$ 75,000
Conversion description							The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.
Purchase price							$ 67,500
Maturity date							Jul. 31, 2020
Converted shares									7,750,000
Convertible note, rate of interest							5.00%
Securities Purchase Agreement [Member] | Convertible Note Two [Member]
Principal amount				$ 63,000	$ 103,000	$ 40,500
Conversion description						The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) 50% multiplied by the lowest “Trading Price” (defined below) (representing a discount rate of 50% during the prior date of his Note or (ii) the Variable Conversion Price (defined below) (subject to equitable adjustment as further described herein).
Purchase price						$ 36,500
Maturity date				Jun. 8, 2021	May 4, 2021	Nov. 22, 2020
Converted shares									10,181,813
Convertible note, rate of interest				12.00%	12.00%	5.00%
Default interest rate				22.00%	22.00%
Variable conversion price						50% multiplied by the Market Price
Discount rate						50.00%

NOTES PAYABLE - RELATED PARTY (

NOTES PAYABLE - RELATED PARTY (Details Narrative) - USD ($)	May 06, 2020	Apr. 14, 2020	Dec. 07, 2019	Jul. 21, 2020	Sep. 26, 2019	Nov. 16, 2018	Nov. 15, 2018	Nov. 02, 2018	Mar. 27, 2018	Sep. 30, 2020
Paycheck Protection Program [Member]
Interest rate		1.00%
Proceeds from loan		$ 211,518
Paycheck Protection Program [Member] | Cross-Bo [Member]
Interest rate		1.00%
Note Payable [Member] | SBA Note Payable Agreement [Member]
Principal amount									$ 1,021,000
Maturity date									Mar. 27, 2031
Periodic payment, monthly									$ 10,125
Note payable										$ 905,164
Note Payable [Member] | SBA Note Payable Agreement [Member] | Cross-Bo [Member]
Principal amount								$ 1,569,800
Maturity date								Nov. 1, 2028
Periodic payment, monthly								$ 19,049
Note payable										1,369,985
Interest rate								2.75%
Note Payable [Member] | Note Payable Agreement [Member] | Cross-Bo [Member]
Principal amount						$ 84,200
Maturity date						Nov. 14, 2033
Periodic payment, monthly						$ 1,403
Note payable										84,200
Note Payable One [Member] | SBA Note Payable Agreement [Member]
Principal amount									$ 50,000
Maturity date									Aug. 31, 2019
Note payable										40,000
Interest rate									3.25%
Note Payable One [Member] | SBA Note Payable Agreement [Member] | Cross-Bo [Member]
Principal amount			$ 50,000
Note payable										49,000
Interest rate			3.25%
Note Payable One [Member] | Note Payable Agreement [Member]
Principal amount							$ 50,000
Maturity date							Jun. 30, 2019
Note Payable One [Member] | Note Payable Agreement [Member] | Cross-Bo [Member]
Principal amount					$ 75,000
Maturity date					Dec. 25, 2019
Note payable										67,585
Interest rate					0.50%
Note Payable Two [Member] | SBA Note Payable Agreement [Member] | Cross-Bo [Member]
Principal amount				$ 150,000
Periodic payment, monthly				$ 375
Interest rate				3.75%
Note Payable Two [Member] | Note Payable Agreement [Member] | Cross-Bo [Member]
Principal amount	$ 355,484
Maturity date	May 6, 2025
Periodic payment, monthly	$ 6,873
Note payable										$ 355,484
Interest rate	6.00%

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - $ / shares	Sep. 30, 2020	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	107,688,241	75,135,000
Common stock, shares outstanding	107,688,241	75,135,000
Common stock, shares authorized	500,000,000	500,000,000

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - $ / shares	Sep. 30, 2020	Sep. 30, 2019
Series A Preferred Stock [Member]
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares issued	20,000,000	20,000,000
Preferred stock, shares outstanding	20,000,000	20,000,000
Series B Preferred Stock [Member]
Preferred stock, shares authorized	1,000,000
Preferred stock, par value	$ 0.00001
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0
Series C Preferred Stock [Member]
Preferred stock, shares authorized	11,442,857	11,442,857
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares issued	11,442,857	11,442,857
Preferred stock, shares outstanding	11,442,857	11,442,857