Bioregenx (BRGX) 10-Q 22 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 22, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-56345
Entity Registrant Name	FINDIT, INC.
Entity Central Index Key	0001593184
Entity Tax Identification Number	30-1912453
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	5051 Peachtree Corners
Entity Address, Address Line Two	#200
Entity Address, City or Town	Peachtree Corners
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30092
City Area Code	(843)
Local Phone Number	532-1759
Title of 12(b) Security	Common Stock, $0.001 par value
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		276,750,406

BALANCE SHEETS (Unaudited)

BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash	$ 0	$ 676
Total Current Assets	0	676
Non-Current Assets:
Domain Name & Website, net of amortization of $52,993 and $51,509, respectively	35,989	37,473
Investment in Chill N Out Chryotherapy – related party	42,000	21,000
Total Other Assets	77,989	58,473
Total Assets	77,989	59,149
Current Liabilities:
Accounts Payable and Accrued Expenses	22,333	19,721
Current Portion Long-Term Debt	4,189	4,189
Loans Payable – Related Party	12,590	40,970
Total Current Liabilities	39,112	64,880
Long-Term Debt	195,811	195,811
Total Liabilities	234,923	260,691
Stockholders' Deficit:
Common Stock, $0.001 par value, 500,000,000 shares authorized, 276,750,406 and 269,745,006 issued and outstanding, respectively	276,750	269,745
Additional Paid in Capital	3,001,149	2,436,513
Accumulated Deficit	(3,444,733)	(2,917,700)
Total Stockholders' Deficit	(156,934)	(201,542)
Total Liabilities and Stockholders' Deficit	77,989	59,149
Series A Preferred Stock [Member]
Stockholders' Deficit:
Preferred Stock, Series B, $0.001 par value, 5,000,000 shares authorized, 4,900,000 shares issued and outstanding	5,000	5,000
Series B Preferred Stock [Member]
Stockholders' Deficit:
Preferred Stock, Series B, $0.001 par value, 5,000,000 shares authorized, 4,900,000 shares issued and outstanding	$ 4,900	$ 4,900

BALANCE SHEETS (Unaudited) (Par

BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	276,750,406	269,745,006
Common Stock, Shares, Outstanding	276,750,406	269,745,006
Series A Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	5,000,000	5,000,000
Preferred Stock, Shares Outstanding	5,000,000	5,000,000
Series B Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	4,900,000	4,900,000
Preferred Stock, Shares Outstanding	4,900,000	4,900,000

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Revenues	$ 5,552	$ 7,704
Total Revenues	5,552	7,704
Operating Expenses:
Advertising, Marketing & Press Release Expenses	212	12
Amortization Expense	1,483	1,483
Consulting	81,600	0
Content Writing	0	18,550
General and Administrative Expense	9,168	6,622
Professional Fees	0	7,879
Programming Fees	700	3,300
Web Design and Hosting Expense	5,143	7,177
Total Operating Expenses	98,306	45,023
Loss from Operations	(92,754)	(37,319)
Other Expense:
Loss on conversion of debt – related party	(453,232)	0
Interest Expense	(2,047)	0
Total Other Expense	(455,279)	0
Loss Before Provision for Income Tax	(548,033)	(37,319)
Provision for Income Tax	0	0
Net Loss	(548,033)	(37,319)
Other Comprehensive Income
Unrealized income on available-for-sale securities	21,000	20,000
Total Comprehensive Loss	(527,033)	(17,319)
Findit Services [Member]
Revenues:
Revenues	5,552	7,704
Total Revenues	$ 5,552	$ 7,704

STATEMENTS OF OPERATIONS (Una_2

STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Earnings Per Share, Basic	$ 0	$ 0
Earnings Per Share, Diluted	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic	275,271,488	269,745,006
Weighted Average Number of Shares Outstanding, Diluted	275,271,488	269,745,006

STATEMENTS OF STOCKHOLDERS (DEF

STATEMENTS OF STOCKHOLDERS (DEFICIT) EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock Series A [Member]	Preferred Stock Series B [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 269,745	$ 5,000	$ 4,900	$ 2,436,513	$ (2,800,392)	$ (84,234)
Shares, Outstanding, Beginning Balance at Dec. 31, 2021	269,745,006	5,000,000	4,900,000
Net Loss					(17,319)	(17,319)
Ending balance, value at Mar. 31, 2022	$ 269,745	$ 5,000	$ 4,900	2,436,513	(2,817,711)	(101,553)
Shares, Outstanding, Ending Balance at Mar. 31, 2022	269,745,006	5,000,000	4,900,000
Beginning balance, value at Dec. 31, 2022	$ 269,745	$ 5,000	$ 4,900	2,436,513	(2,917,700)	(201,542)
Shares, Outstanding, Beginning Balance at Dec. 31, 2022	269,745,006	5,000,000	4,900,000
Shares issued for services	$ 1,000			80,600		81,600
Stock Issued During Period, Shares, Issued for Services	1,000,000	0	0
Shares issued for debt and services – related party	$ 6,005			484,036		490,041
Stock Issued During Period, Shares, New Issues	6,005,400	0	0
Net Loss					(527,033)	(527,033)
Ending balance, value at Mar. 31, 2023	$ 276,750	$ 5,000	$ 4,900	$ 3,004,149	$ (3,444,733)	$ (156,934)
Shares, Outstanding, Ending Balance at Mar. 31, 2023	276,750,406	5,000,000	4,900,000

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Cash Flow from Operating Activities
Net Loss	$ (527,033)	$ (17,319)
Adjustments to reconcile net loss to net cash used by operating activities:
Amortization expense	1,483	1,483
Investment in Chill N Out Cryotherapy – related party	(21,000)	(20,000)
Common stock issued for services	81,600	0
Common stock issued for expenses– related party	8,539	0
Loss on conversion of debt – related party	453,232	0
Changes in Operating Assets and Liabilities:
Accounts payable	2,613	6,916
Deferred revenue	0	8,000
Net Cash Used by Operating Activities	(566)	(20,920)
Cash Flows from Investing Activities	0	0
Cash Flows from Financing Activities
Repayment of loans – related party	(110)	0
Net Cash Used by Financing Activities	(110)	0
Net Change in Cash	(676)	(20,920)
Cash at Beginning of Period	676	24,358	$ 24,358
Cash at End of Period	0	3,438	$ 676
Cash Paid During the Period for:
Interest	0	0
Income Taxes	0	0
Supplemental non-cash disclosure:
Unrealized gain on available-for-sale securities	21,000	20,000
Common stock issued debt – related party	$ 28,270	$ 0

ORGANIZATION & NATURE OF OPERAT

ORGANIZATION & NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION & NATURE OF OPERATIONS	NOTE 1 – ORGANIZATION & NATURE OF OPERATIONS FINDIT, Inc., “the Company”, was organized on December 23, 1998 as a Nevada Corporation. The Company offers online products and services that consists of content distribution, content creation, web development, Search Engine Optimization, Social Media, and Social Networking Marketing Campaigns. Products and services include news and press release distribution, Findit extension domains we call Vanity Keyword URLs, Findit Prime which is a bundled package of press release distribution, vanity URL, URL submissions into the Findit search engine and social media promoted posts.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Our unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). These financial statements and the notes attached hereto should be read in conjunction with the financial statements and notes included in our financial statements for the fiscal year ended December 31, 2022. In the opinion of our management, all adjustments, including normal recurring adjustments necessary to present fairly our financial position, as of March 31, 2023, and the results of our operations and cash flows for the three months then ended have been included. The results of operations for the interim period are not necessarily indicative of the results for the full year ending December 31, 2023. 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Intangible Assets Intangible assets are amortized over a period of fifteen years on a straight-line basis and consist principally of the cost to acquire the Company’s domain name. Recently Issued Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $ 3,444,733 The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations as they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, and/or private placement of common stock. In order to mitigate the conditions that raise substantial doubt about our ability to continue as a going concern, the company has exited the CBD oil business which consumed substantial capital and resources and has streamlined operational costs.

INVESTMENTS

INVESTMENTS	3 Months Ended
	Mar. 31, 2023
Schedule of Investments [Abstract]
INVESTMENTS	NOTE 4 – INVESTMENTS On November 25, 2020, the Company purchased 1,000,000 42,000 21,000 $21,000 20,000

DEBT

DEBT	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
DEBT	NOTE 5 – DEBT The Company borrowed $ 150,000 The Company borrowed $ 50,000 Schedule of debt March 31, 2023 December 31, 2022 SBA Loan – July 20, 2020 $ 150,000 $ 150,000 SBA Loan – July 17, 2021 50,000 50,000 Total $ 200,000 $ 200,000 Less: current portion (4,189 ) (4,189 ) Long term portion $ 195,811 $ 195,811 Principal payments for the next five years and thereafter are as follows: Schedule of debt maturity Year Ended Amount December 31, 2023 $ 4,449 December 31, 2024 4,619 December 31, 2025 4,795 December 31, 2026 4,978 December 31, 2027 5,168 Thereafter 180,440 Total $ 200,000

PREFERRED STOCK

PREFERRED STOCK	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
PREFERRED STOCK	NOTE 6 – PREFERRED STOCK Series A Preferred Stock The Series A Preferred Stock holds a voting weight of 2,500 common shares, is not entitled to receive dividends and has no liquidation rights. Series B Preferred Stock The Series B Preferred Stock holds a voting weight of 1,000 common shares, is not entitled to receive dividends and has no liquidation rights.

COMMON STOCK TRANSACTIONS

COMMON STOCK TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
Common Stock Transactions
COMMON STOCK TRANSACTIONS	NOTE 7 – COMMON STOCK TRANSACTIONS During the three months ended March 31, 2023, the Company issued 1,000,000 81,600

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8 – RELATED PARTY TRANSACTIONS During the year ended December 31, 2022, the Company received a total cash advance from Classworx Inc of $2,900 2,890 During the year ended December 31, 2022, the Company received a total cash advance from Thomas Powers, CEO of $ 28,270 28,270 During the year ended December 31, 2022, the Company received a total cash advance from TransworldNews, Inc. of $ 10,500 700 9,800 9,700 During the three months ended March 31, 2023, the Company issued 6,005,400 28,270 8,539 453,232

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 - SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that there are no material subsequent events that require disclosure in these financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). These financial statements and the notes attached hereto should be read in conjunction with the financial statements and notes included in our financial statements for the fiscal year ended December 31, 2022. In the opinion of our management, all adjustments, including normal recurring adjustments necessary to present fairly our financial position, as of March 31, 2023, and the results of our operations and cash flows for the three months then ended have been included. The results of operations for the interim period are not necessarily indicative of the results for the full year ending December 31, 2023.
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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied.
Intangible Assets	Intangible Assets Intangible assets are amortized over a period of fifteen years on a straight-line basis and consist principally of the cost to acquire the Company’s domain name.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of debt	Schedule of debt March 31, 2023 December 31, 2022 SBA Loan – July 20, 2020 $ 150,000 $ 150,000 SBA Loan – July 17, 2021 50,000 50,000 Total $ 200,000 $ 200,000 Less: current portion (4,189 ) (4,189 ) Long term portion $ 195,811 $ 195,811
Schedule of debt maturity	Schedule of debt maturity Year Ended Amount December 31, 2023 $ 4,449 December 31, 2024 4,619 December 31, 2025 4,795 December 31, 2026 4,978 December 31, 2027 5,168 Thereafter 180,440 Total $ 200,000

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 3,444,733	$ 2,917,700

INVESTMENTS (Details Narrative)

INVESTMENTS (Details Narrative) - Chill N Out Cryotherapy [Member] - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Nov. 25, 2020
Schedule of Investments [Line Items]
Investment Owned, Balance, Shares				1,000,000
Investment Owned, Fair Value	$ 42,000		$ 21,000
Unrealized Gain (Loss) on Investments	$ 21,000	$ 20,000

DEBT (Details - Schedule of deb

DEBT (Details - Schedule of debt) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total	$ 200,000	$ 200,000
Less: current portion	(4,189)	(4,189)
Long term portion	195,811	195,811
SBA Loan 2020 [Member]
Debt Instrument [Line Items]
Total	150,000	150,000
SBA Loan 2021 [Member]
Debt Instrument [Line Items]
Total	$ 50,000	$ 50,000

DEBT (Details - Debt maturity)

DEBT (Details - Debt maturity) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
December 31, 2023	$ 4,449
December 31, 2024	4,619
December 31, 2025	4,795
December 31, 2026	4,978
December 31, 2027	5,168
Thereafter	180,440
Total	$ 200,000	$ 200,000

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)	Jul. 17, 2021	Jul. 20, 2020
E I D L [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Long-Term Debt	$ 50,000	$ 150,000

COMMON STOCK TRANSACTIONS (Deta

COMMON STOCK TRANSACTIONS (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($) shares
Stock Issued During Period, Value, Issued for Services	$ 81,600
Common Stock [Member]
Stock Issued During Period, Shares, Issued for Services | shares	1,000,000
Stock Issued During Period, Value, Issued for Services	$ 81,600

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Repayments of Related Party Debt	$ 110	$ 0
Stock Issued During Period, Value, New Issues	490,041
Common Stock Issued For Expenses Related Party	8,539	0
Loss On Conversion Of Debt Related Party	$ 453,232	$ 0
Common Stock [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues	6,005,400
Stock Issued During Period, Value, New Issues	$ 28,270
Classworx [Member]
Related Party Transaction [Line Items]
Proceeds from Related Party Debt			$ 2,900
Loan Payable Related Party	2,890
Thomas Powers [Member]
Related Party Transaction [Line Items]
Proceeds from Related Party Debt			28,270
Loan Payable Related Party	28,270
Transworld News [Member]
Related Party Transaction [Line Items]
Proceeds from Related Party Debt			10,500
Loan Payable Related Party	$ 9,700		9,800
Repayments of Related Party Debt			$ 700