Cover
Cover | 9 Months Ended |
Sep. 30, 2021 | |
Cover [Abstract] | |
Document Type | POS AM |
Amendment Flag | true |
Amendment Description | AMENDMENT NO. 2 |
Entity Registrant Name | DEEP GREEN WASTE & RECYCLING, INC. |
Entity Central Index Key | 0001637866 |
Entity Tax Identification Number | 30-1035174 |
Entity Incorporation, State or Country Code | WY |
Entity Address, Address Line One | 13110 NE 177th Place |
Entity Address, Address Line Two | Suite 293 |
Entity Address, City or Town | Woodinville |
Entity Address, State or Province | WA |
Entity Address, Postal Zip Code | 98072 |
City Area Code | 833 |
Local Phone Number | 304-7336 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Current assets: | |||
Cash | $ 51,878 | $ 757 | $ 735 |
Accounts receivable, net | 6,929 | 2,675 | |
Prepaid expenses and other current assets | 38,393 | ||
Total current assets | 97,200 | 757 | 3,410 |
Property and equipment, net | 187,323 | 9,798 | 20,789 |
Intangible assets, net | 95,233 | ||
Other assets: | |||
Deposits | 5,000 | 5,000 | 5,000 |
Total other assets | 287,556 | 14,798 | 5,000 |
Total assets | 384,756 | 15,555 | 29,199 |
Current liabilities: | |||
Current portion of debt | 525,854 | 896,584 | 764,359 |
Convertible notes payable, net | 46,444 | 10,762 | |
Accounts payable | 2,979,179 | 2,948,964 | 2,919,628 |
Accrued expenses | 188,903 | 156,051 | 78,272 |
Deferred compensation | 90,945 | 86,307 | 105,325 |
Accrued interest | 66,011 | 162,074 | 88,924 |
Customer deposits payable | 68,851 | 68,851 | 68,851 |
Derivative liability | 43,444 | ||
Total current liabilities | 3,966,187 | 4,373,037 | 4,025,359 |
Long-term liabilities | |||
Long-term portion of debt | 123,750 | ||
Total long-term liabilities | 123,750 | ||
Total liabilities | 3,966,187 | 4,373,037 | 4,149,109 |
STOCKHOLDERS’ DEFICIT | |||
Common stock, value | 20,001 | 12,984 | 10,505 |
Preferred stock, value | 31,000 | 31,000 | |
Additional paid-in capital | 4,878,828 | 3,374,888 | 2,913,369 |
Accumulated deficit | (8,511,260) | (7,776,354) | (7,043,784) |
Total stockholders’ deficit | (3,581,431) | (4,357,482) | (4,119,910) |
Total liabilities and stockholders’ deficit | $ 384,756 | $ 15,555 | $ 29,199 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Escrow deposit | $ 51,000 | ||
Allowance for doubtful account | $ 545,420 | $ 545,420 | $ 542,745 |
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 500,000,000 | 250,000,000 | 250,000,000 |
Common stock, shares, issued | 200,005,368 | 129,836,060 | 105,051,540 |
Common stock, shares, outstanding | 200,005,368 | 129,836,060 | 105,051,540 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Preferred stock, stated value per share | $ 1 | $ 1 | $ 1 |
Preferred stock, shares authorized | 5,000,000 | 2,000,000 | 2,000,000 |
Preferred stock, shares issued | 31,000 | 31,000 | |
Preferred stock, shares outstanding | 31,000 | 31,000 | |
Series B Convertible Preferred Stock [Member] | |||
Preferred stock, shares issued | 31,000 | 31,000 | 0 |
Preferred stock, shares outstanding | 31,000 | 31,000 | 0 |
Convertible Notes Payable [Member] | |||
Debt issuance costs, net | $ 53,556 | $ 5,238 | $ 0 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Statement [Abstract] | ||||||
Revenues | $ 43,915 | $ 120,180 | ||||
Total revenues | 43,915 | 120,180 | ||||
Cost of revenues | 29,930 | 58,095 | ||||
Gross profit | 13,985 | 62,085 | ||||
Operating expenses: | ||||||
Selling, general and administrative | 30,690 | 30,323 | 151,562 | 33,346 | 34,924 | 20,390 |
Officer and director compensation | 101,645 | 46,268 | 192,584 | 99,868 | 149,619 | |
Professional and consulting | 52,283 | 48,008 | 169,936 | 107,294 | 273,781 | 11,335 |
Provision for doubtful accounts | 2,675 | 2,675 | (12,665) | |||
Depreciation and amortization of property and equipment | 18,657 | 2,656 | 44,540 | 8,663 | 10,992 | 22,343 |
Total operating expenses | 203,275 | 127,255 | 558,622 | 251,846 | 471,991 | 41,403 |
Operating (loss) | (189,290) | (127,255) | (496,537) | (251,846) | (471,991) | (41,403) |
Other income/(expense): | ||||||
Derivative liability income | 366,414 | 156,378 | 463,894 | 79,857 | 76,556 | |
Loss on conversions of notes payable | (354,423) | (114,652) | (797,252) | (114,652) | (138,009) | |
Gain on write off of notes payable | 652,559 | 652,559 | ||||
Gain on settlement of accounts payable | 44,336 | |||||
Loss on disposal of assets | (17,747) | (17,747) | ||||
Interest expense | (188,937) | (115,303) | (539,823) | (169,523) | (199,126) | (95,309) |
Total other income (expense) | 457,866 | (73,577) | (238,369) | (204,318) | (260,579) | (50,973) |
Net (loss) | $ 268,576 | $ (200,832) | $ (734,906) | $ (456,164) | $ (732,570) | $ (92,376) |
Net loss per common share: | ||||||
Basic and diluted net loss per common share | $ 0 | $ 0 | $ 0 | $ 0 | $ (0.01) | $ 0 |
Basic and diluted weighted-average common shares outstanding | 194,886,945 | 110,211,097 | 155,783,440 | 107,135,479 | 110,581,886 | 105,051,540 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||
Stock-based compensation | $ 63,728 | $ 52,368 | $ 272,147 | |||
Amortization of debt discounts | 472,765 | 108,044 | 116,643 | |||
Officer and Director [Member] | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||
Stock-based compensation | $ 16,817 | $ 18,768 | 63,728 | 52,368 | 109,147 | 0 |
Amortization of debt discounts | $ 157,708 | $ 93,241 | $ 472,765 | $ 108,044 | ||
Professional And Consulting [Member] | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||||||
Stock-based compensation | $ 163,000 | $ 0 |
Condensed Consolidated Statem_3
Condensed Consolidated Statement of Changes in Stockholders' (Deficiency) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Balances | $ (4,440,819) | $ (4,310,642) | $ (4,357,482) | $ (4,119,910) | $ (4,119,910) | $ (4,027,534) |
Issuance of common stock in satisfaction of notes payable and accrued interest | 533,229 | 207,578 | 1,267,745 | 207,578 | ||
Issuance of common stock and warrants as part of $100,000 convertible note issued on July 2, 2021 | 57,583 | 57,583 | ||||
Issuance of common stock for consulting services | 29,850 | |||||
Issuance of common stock to directors for accrued compensation | 56,779 | |||||
Issuance of common stock for Amwaste asset purchase | 99,000 | |||||
Issuance of common stock relating to Officer Employment Agreement | 18,768 | 18,768 | 33,600 | |||
Issuance of Common Shares relating to Officer Employment Agreement | 18,768 | |||||
Convertible Note Conversions | 248,630 | |||||
Warrant Cashless Exercise | ||||||
Issuance of Preferred B stock in satisfaction of deferred compensation | 31,000 | 31,000 | ||||
Issuance of common stock to an officer for services | 33,600 | |||||
Issuance of common stock to a service provider in connection with Service Settlement Agreement dated November 27, 2020 | 163,000 | |||||
Warrant cashless exercise | ||||||
Net loss | 268,576 | (200,832) | (734,906) | (456,164) | (732,570) | (92,376) |
Balances | (3,581,431) | (4,285,128) | (3,581,431) | (4,285,128) | (4,357,482) | (4,119,910) |
Series B Preferred Stocks [Member] | ||||||
Balances | $ 31,000 | $ 31,000 | $ 31,000 | |||
Balance, shares | 31,000 | 31,000 | 31,000 | |||
Issuance of common stock in satisfaction of notes payable and accrued interest | ||||||
ssuance of common stock in satisfaction of notes payable and accrued interest, shares | ||||||
Issuance of common stock and warrants as part of $100,000 convertible note issued on July 2, 2021 | ||||||
Issuance of common stock and warrants as part of $100,000 convertible note issued on July 2, 2021, shares | ||||||
Issuance of common stock for consulting services | ||||||
Issuance of common stock to directors for accrued compensation | ||||||
Issuance of common stock for Amwaste asset purchase | ||||||
Issuance of common stock relating to Officer Employment Agreement | ||||||
Issuance of Preferred B stock in satisfaction of deferred compensation | $ 31,000 | |||||
Issuance of Preferred B stock in satisfaction of deferred compensation, shares | 31,000 | |||||
Issuance of common stock to an officer for services | ||||||
Warrant cashless exercise | ||||||
Net loss | ||||||
Balances | $ 31,000 | $ 31,000 | $ 31,000 | $ 31,000 | $ 31,000 | |
Balance, shares | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | |
Common Stock [Member] | ||||||
Balances | $ 16,940 | $ 10,589 | $ 12,984 | $ 10,505 | $ 10,505 | $ 10,505 |
Balance, shares | 169,394,790 | 105,891,540 | 129,836,060 | 105,051,540 | 105,051,540 | 105,051,540 |
Issuance of common stock in satisfaction of notes payable and accrued interest | $ 2,510 | $ 1,089 | $ 5,953 | $ 1,089 | ||
ssuance of common stock in satisfaction of notes payable and accrued interest, shares | 25,098,081 | 10,892,592 | 59,524,053 | 10,892,592 | ||
Issuance of common stock and warrants as part of $100,000 convertible note issued on July 2, 2021 | $ 100 | $ 100 | ||||
Issuance of common stock and warrants as part of $100,000 convertible note issued on July 2, 2021, shares | 1,000,000 | 1,000,000 | ||||
Issuance of common stock for consulting services | $ 75 | |||||
Issuance of common stock for consulting services, shares | 750,000 | |||||
Issuance of common stock to directors for accrued compensation | $ 238 | |||||
Issuance of common stock to directors for accrued compensation, shares | 2,382,758 | |||||
Issuance of common stock for Amwaste asset purchase | $ 200 | |||||
Issuance of common stock for Amwaste asset purchase, shares | 2,000,000 | |||||
Issuance of common stock relating to Officer Employment Agreement | $ 103 | $ 103 | $ 84 | |||
Issuance of common stock relating to Officer Employment Agreement, shares | 1,020,000 | 1,020,000 | 840,000 | |||
Issuance of Common Shares relating to Officer Employment Agreement | $ 103 | |||||
Issuance of Common Shares relating to Officer Employment Agreement, shares | 1,020,000 | |||||
Convertible Note Conversions | $ 1,266 | |||||
Convertible Note Conversions, shares | 12,662,039 | |||||
Warrant Cashless Exercise | $ 26 | |||||
Issuance of Preferred B stock in satisfaction of deferred compensation | ||||||
Issuance of common stock to an officer for services | $ 84 | |||||
Issuance of common stock to an officer for services, shares | 840,000 | |||||
Issuance of common stock to a service provider in connection with Service Settlement Agreement dated November 27, 2020 | $ 1,000 | |||||
Issuance of common stock for consulting services and to a service provider in connection with Service Settlement Agreement dated November 27, 2020, shares | 10,000,000 | |||||
Warrant cashless exercise | $ 451 | $ 26 | $ 451 | $ 26 | ||
Warrant Cashless Exercise, shares | 4,512,497 | 262,481 | 4,512,497 | 262,481 | 262,481 | |
Net loss | ||||||
Balances | $ 20,001 | $ 11,807 | $ 20,001 | $ 11,807 | $ 12,984 | $ 10,505 |
Balance, shares | 200,005,368 | 118,066,613 | 200,005,368 | 118,066,613 | 129,836,060 | 105,051,540 |
Additional Paid-in Capital [Member] | ||||||
Balances | $ 4,291,077 | $ 2,946,885 | $ 3,374,888 | $ 2,913,369 | $ 2,913,369 | $ 2,913,369 |
Issuance of common stock in satisfaction of notes payable and accrued interest | 530,719 | 206,489 | 1,261,792 | 206,489 | ||
Issuance of common stock and warrants as part of $100,000 convertible note issued on July 2, 2021 | 57,483 | 57,483 | ||||
Issuance of common stock for consulting services | 29,775 | |||||
Issuance of common stock to directors for accrued compensation | 56,541 | |||||
Issuance of common stock for Amwaste asset purchase | 98,800 | |||||
Issuance of common stock relating to Officer Employment Agreement | 18,665 | 18,665 | 33,516 | |||
Issuance of Common Shares relating to Officer Employment Agreement | 18,665 | |||||
Convertible Note Conversions | 247,364 | |||||
Warrant Cashless Exercise | (26) | |||||
Issuance of Preferred B stock in satisfaction of deferred compensation | ||||||
Issuance of common stock to an officer for services | 33,516 | |||||
Issuance of common stock to a service provider in connection with Service Settlement Agreement dated November 27, 2020 | 162,000 | |||||
Warrant cashless exercise | (451) | (26) | (451) | (26) | ||
Net loss | ||||||
Balances | 4,878,828 | 3,172,013 | 4,878,828 | 3,172,013 | 3,374,888 | 2,913,369 |
Retained Earnings [Member] | ||||||
Balances | (8,779,836) | (7,299,116) | (7,776,354) | (7,043,784) | (7,043,784) | (6,951,408) |
Issuance of common stock in satisfaction of notes payable and accrued interest | ||||||
Issuance of common stock and warrants as part of $100,000 convertible note issued on July 2, 2021 | ||||||
Issuance of common stock for consulting services | ||||||
Issuance of common stock to directors for accrued compensation | ||||||
Issuance of common stock for Amwaste asset purchase | ||||||
Issuance of common stock relating to Officer Employment Agreement | ||||||
Issuance of Common Shares relating to Officer Employment Agreement | ||||||
Convertible Note Conversions | ||||||
Warrant Cashless Exercise | ||||||
Issuance of Preferred B stock in satisfaction of deferred compensation | ||||||
Issuance of common stock to an officer for services | ||||||
Issuance of common stock to a service provider in connection with Service Settlement Agreement dated November 27, 2020 | ||||||
Warrant cashless exercise | ||||||
Net loss | 268,576 | (200,832) | (734,906) | (456,164) | (732,570) | (92,376) |
Balances | $ (8,511,260) | $ (7,499,948) | (8,511,260) | $ (7,499,948) | $ (7,776,354) | (7,043,784) |
Preferred Stock [Member] | Series B Preferred Stock [Member] | ||||||
Balances | $ 31,000 | |||||
Balance, shares | 31,000 | |||||
Issuance of common stock relating to Officer Employment Agreement | ||||||
Issuance of Common Shares relating to Officer Employment Agreement | ||||||
Convertible Note Conversions | ||||||
Warrant Cashless Exercise | ||||||
Issuance of Preferred B stock in satisfaction of deferred compensation | $ 31,000 | |||||
Issuance of Preferred B stock in satisfaction of deferred compensation, shares | 31,000 | |||||
Issuance of common stock to a service provider in connection with Service Settlement Agreement dated November 27, 2020 | ||||||
Net loss | ||||||
Balances | $ 31,000 | |||||
Balance, shares | 31,000 |
Condensed Consolidated Statem_4
Condensed Consolidated Statement of Changes in Stockholders' (Deficiency) (Parenthetical) | Jul. 02, 2021USD ($) |
Common Stock [Member] | |
Conversion of convertible note | $ 100,000 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
OPERATING ACTIVITIES: | ||||
Net income (loss) for the period | $ (734,906) | $ (456,164) | $ (732,570) | $ (92,376) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||
Depreciation and amortization of property and equipment | 44,540 | 8,663 | 10,992 | 22,343 |
Provision for doubtful accounts | 2,675 | 2,675 | (12,665) | |
Amortization of debt discounts | 472,765 | 108,044 | 116,643 | |
Derivative liability income | (463,894) | (79,857) | (76,556) | |
Loss on conversions of notes payable | 797,252 | 114,652 | 138,009 | |
Gain on settlement of accounts payable | (44,336) | |||
Gain on write off of notes payable | (652,559) | |||
Loss on disposal of assets | 17,747 | |||
Stock-based compensation | 63,728 | 52,368 | 272,147 | |
Changes in operating assets and liabilities: | ||||
Accounts receivable | (6,929) | 12,665 | ||
Prepaid expenses and other current assets | (38,393) | |||
Accounts payable | 30,215 | 28,671 | 33,455 | 53,649 |
Accrued expenses | 34,471 | 30,000 | 21,000 | |
Deferred compensation | 4,638 | 10,487 | 5,982 | 7,102 |
Accrued interest | 67,058 | 54,180 | 76,770 | 52,659 |
Net cash used in operating activities | (364,267) | (126,281) | (131,453) | (959) |
INVESTING ACTIVITIES: | ||||
Purchase of property and equipment | (205,382) | |||
Purchase of intangible assets | (10,000) | |||
Net cash used in investing activities | (215,382) | |||
FINANCING ACTIVITIES: | ||||
Proceeds from convertible notes payable | 616,500 | 123,000 | 123,000 | |
Proceeds from other debt - net | 19,893 | |||
Repayment of convertible note | (110,000) | |||
Loans from officers | 104,377 | 5,445 | 8,475 | |
Net cash provided by financing activities | 630,770 | 128,445 | 131,475 | |
NET INCREASE (DECREASE) IN CASH | 51,121 | 2,164 | 22 | (959) |
CASH, BEGINNING OF PERIOD | 757 | 735 | 735 | 1,694 |
CASH, END OF PERIOD | 51,878 | 2,899 | 757 | 735 |
Supplemental disclosure of cash flow information | ||||
Interest | 42,650 | |||
Income taxes | ||||
Non-Cash investing and financing activities: | ||||
Initial derivative liability charged to debt discount | 420,000 | 120,000 | 120,000 | |
Issuance of 25,000 shares, Series B Convertible Preferred Stock in satisfaction of deferred compensation liability | 25,000 | 25,000 | ||
Issuance of 6,000 shares, Series B Convertible Preferred Stock in satisfaction of loans payable to officer | 6,000 | 6,000 | ||
Principal | 107,000 | |||
Accrued interest and charges | 3,620 | |||
Total debt satisfied | 110,620 | |||
Fair value of 14,662,039 shares issued to lenders | 248,629 | |||
Loss on conversions of convertible notes payable | $ 138,009 | |||
Issuance of common stock to directors for accrued compensation | 56,779 | |||
Issuance of common stock and note payable to Seller of Amwaste, Inc. assets | ||||
Common stock | 99,000 | |||
Note payable | 110,000 | |||
Total | 209,000 | |||
Issuance of common stock (fair value of $1,267,745) in satisfaction of notes payable ($465,810) and accrued interest ($4,683) | 470,493 | |||
Issuance of common stock (fair value of $207,578) in satisfaction of notes payable ($91,000) and accrued interest ($1,926) | $ 91,926 |
Condensed Consolidated Statem_6
Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Issuance of common stock convertible debt | $ 25,000 | |
Debt Conversion, Converted Instrument, Shares Issued | 6,000 | |
Issuance of common stock for debt | $ 1,267,745 | |
Stock issued | 207,578 | |
Debt Instrument, Periodic Payment, Principal | $ 91,000 | |
Debt Instrument, Periodic Payment, Interest | 1,926 | |
Officer [Member] | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Issuance of common stock convertible debt | $ 6,000 | |
Lender [Member] | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Stock issued | 14,662,039 | |
Series B Convertible Preferred Stock [Member] | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Issuance of common stock convertible debt | $ 25,000 | |
Principal Amount [Member] | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Issuance of common stock for debt | 465,810 | |
Accrued Interest [Member] | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Issuance of common stock for debt | $ 4,683 |
ORGANIZATION
ORGANIZATION | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
ORGANIZATION | NOTE A – ORGANIZATION Deep Green Waste & Recycling, Inc. (f/k/a Critic Clothing, Inc.) (“Deep Green”, the “Company”, “we”, “us”, or “our”) is a publicly quoted company seeking to create value for its shareholders by seeking to acquire other operating entities for growth in return for shares of our common stock. The Company was organized as a Nevada Corporation on August 24, 1995 under the name of Evader, Inc. On May 25, 2012, the Company filed its Foreign Profit Corporation Articles of Domestication to change the domicile of the Company from Nevada to Wyoming. On November 4, 2015, the Company filed an Amendment to its Articles of Incorporation to change the name of the Company to Critical Clothing, Inc. and on August 28, 2017 an Amendment was filed to change the Company name to Deep Green Waste & Recycling, Inc. On August 24, 2017, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Assets and Assumption of Obligations (the “Agreement”) with St. James Capital Management, LLC. Under the terms of the Agreement, the Company transferred and assigned all of the assets of the Company related to its extreme sports apparel design and manufacturing business in exchange for the assumption of certain liabilities and cancellation of 3,000,000 reverse stock split of 1 share for 1000 shares On August 24, 2017, the Company acquired all the membership units of Deep Green Waste and Recycling, LLC (“DGWR LLC”), a Georgia limited liability company engaged in the waste recycling business since 2011, in exchange for 85,000,000 reverse stock split of 1 share for 1000 shares Effective October 1, 2017, Deep Green acquired Compaction and Recycling Equipment, Inc. (CARE), a Portland, Oregon based company that sells and services waste and recycling equipment. Deep Green purchased 100 902,700 586,890 315,810 see NOTE F – DEBT Effective October 1, 2017, Deep Green acquired Columbia Financial Services, Inc, (CFSI), a Portland, Oregon based company that finances the purchases of waste and recycling equipment. Deep Green purchased 100 597,300 418,110 179,190 see NOTE F – DEBT On August 7, 2018, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Subsidiaries and Assumption of Obligations (the “Agreement”) with Mirabile Corporate Holdings, Inc. Under the terms of the Agreement, the Company transferred all capital stock of its two wholly owned subsidiaries, Compaction and Recycling Equipment, Inc. and Columbia Financial Services, Inc., to Mirabile Corporate Holdings, Inc. in exchange for the assumption and cancellation of certain liabilities. Deep Green’s then Chief Executive Officer owned a 7.5 On August 7, 2018, the Company ceased its waste recycling business. In the quarterly period ended March 31, 2021, the Company re-launched its waste and recycling services operation and has begun to re-engage with customers, waste haulers and recycling centers, which are critical elements of its historically successful business model: designing and managing waste programs for commercial and institutional properties for cost savings, ease of operation, and minimal administrative stress for its clients. Asset Purchase Agreement On February 8, 2021, the Company, through its wholly owned subsidiary DG Research, Inc. (the “Buyer”), entered into an Asset Purchase Agreement (the “Agreement”) with Amwaste, Inc. (the “Seller”). Under the terms of the Agreement, the Buyer agreed to purchase from the Seller certain assets (the “Assets”) utilized in the Seller’s waste management business located in Glynn County, Georgia. In consideration for the purchase of the Assets, the Buyer paid the seller $ 160,000 2,000,000 50,000 110,000 April 9, 2021 On July 11, 2021, the Company’s Board unanimously approved an Amendment to our Articles of Incorporation (the “Authorized Share Amendment”) to increase the number of authorized shares of Common Stock of the Company from 250,000,000 500,000,000 2,000,000 5,000,000 Securities Purchase Agreement On August 11, 2021, the Company entered into a Securities Purchase Agreement (the “Agreement”) with Jeremy Lyell (the “Shareholder”) and Lyell Environmental Services, Inc. (hereinafter “LES”). On October 19, 2021, the Company closed on the Securities Purchase Agreement (the “Agreement”) with Jeremy Lyell (the “Shareholder”). In consideration for the purchase of all shares from the Shareholder, the Company was to pay the Shareholder (i) $ 50,000 upon execution of the Agreement that was held in escrow, (ii) $ 1,300,000 at Closing, and (iii) 1,000,000 shares of the Company’s common stock. Under the amended Agreement (the “Amended Agreement”), the Company paid to the Shareholder (i) the $ 50,000 paid upon execution of the Agreement and that was held in escrow, (ii) $ 1,000,000 at Closing, and (iii) 1,000,000 shares of the Company’s common stock. The Company also issued the Shareholder a Promissory Note (the “Promissory Note”) in the amount of $ 186,537.92 . The Promissory Note accrues interest at 7 % per annum and is due on December 18, 2021 . The transaction closed on October 19, 2021. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE A – ORGANIZATION (continued) In order to further grow its business, the Company plans to: ● expand its service offerings to provide additional sustainable waste management solutions that further minimize costs based on volume and content of waste streams, and methods of disposal, including landfills, transfer stations and recycling centers; ● Acquire profitable waste and recycling services companies with similar or compatible and synergistic business models, that can help the Company achieve these objectives; ● Offer innovative recycling services that significantly reduce the disposal of plastics, electronic wastes, food wastes, and hazardous wastes in the commercial property universe; ● Establish partnerships with innovative universities, municipalities and companies; and ● Attract investment funds who will actively work with the Company to achieve these goals and help the Company grow into a leading waste and recycling services supplier in North America. Some potential merger/acquisition candidates have been identified and discussions initiated. These candidates are within the Company’s core business model, serving commercial properties, accretive to cash flow, and geographically favorable. While seeking to identify acquisition candidates, the Company seeks to identify target entities with a similar core business model or a model which naturally integrates with its own, and which are situated in opportunistic geographic locations. We have unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions, and other factors. The selection of a business opportunity in which to participate is complex and risky. Additionally, we have only limited resources and may find it difficult to locate good opportunities. There can be no assurance that we will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to us and our shareholders. We will select any potential business opportunity based on our management’s best business judgment. Our activities are subject to several significant risks, which arise primarily as a result of the fact that we have limited current business and may acquire or participate in a business opportunity based on the decision of management, which potentially could act without the consent, vote, or approval of our shareholders. The risks faced by us are further increased as a result of our lack of resources and our inability to provide a prospective business opportunity with significant capital. | NOTE A – ORGANIZATION Deep Green Waste & Recycling, Inc. (f/k/a Critic Clothing, Inc.) (“Deep Green”, the “Company”, “we”, “us”, or “our”) was organized as a Nevada Corporation on August 24, 1995 under the name of Evader, Inc. On May 25, 2012, the Company filed its Foreign Profit Corporation Articles of Domestication to change the domicile of the Company from Nevada to Wyoming. On November 4, 2015, the Company filed an Amendment to its Articles of Incorporation to change the name of the Company to Critical Clothing, Inc. and on August 28, 2017 an Amendment was filed to change the Company name to Deep Green Waste & Recycling, Inc. On August 24, 2017, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Assets and Assumption of Obligations (the “Agreement”) with St. James Capital Management, LLC. Under the terms of the Agreement, the Company transferred and assigned all of the assets of the Company related to its extreme sports apparel design and manufacturing business in exchange for the assumption of certain liabilities and cancellation of 3,000,000 reverse stock split of 1 share for 1000 shares On August 24, 2017, the Company acquired all the membership units of Deep Green Waste and Recycling, LLC (“DGWR LLC”), a Georgia limited liability company engaged in the waste recycling business since 2011, in exchange for 85,000,000 reverse stock split of 1 share for 1000 shares Effective October 1, 2017, Deep Green acquired Compaction and Recycling Equipment, Inc. (CARE), a Portland, Oregon based company that sells and services waste and recycling equipment. Deep Green purchased 100% 902,700 586,890 315,810 Effective October 1, 2017, Deep Green acquired Columbia Financial Services, Inc, (CFSI), a Portland, Oregon based company that finances the purchases of waste and recycling equipment. Deep Green purchased 100% 597,300 418,110 179,190 On August 7, 2018, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Subsidiaries and Assumption of Obligations (the “Agreement”) with Mirabile Corporate Holdings, Inc. Under the terms of the Agreement, the Company transferred all capital stock of its two wholly owned subsidiaries, Compaction and Recycling Equipment, Inc. and Columbia Financial Services, Inc., to Mirabile Corporate Holdings, Inc. in exchange for the assumption and cancellation of certain liabilities. Deep Green’s then Chief Executive Officer owned a 7.5% On August 7, 2018, the Company ceased its waste recycling business. Going forward, the Company’s plan is to obtain additional funding and re-launch its waste and recycling services business. The Company plans to: ● Provide sustainable waste management services that minimizes costs based on volume and content of waste streams, and methods of disposal, including landfills, transfer stations and recycling centers; and ● Offer innovative recycling services that significantly reduce the disposal of plastics, electronic wastes, food wastes, and hazardous wastes; and ● Establish partnerships with innovative universities and companies, and acquire profitable waste and recycling services companies, that can help the Company achieve these objectives; and ● Attract investment funds who will actively work with the Company to achieve these goals and help the Company grow into a leading waste and recycling services supplier in North America. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Accounting Policies [Abstract] | ||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States and have been consistently applied in the preparation of the financial statements. Interim Financial Statements The unaudited condensed financial statements of the Company for the three and nine month periods ended September 30, 2021 and 2020 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-K. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2020 was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 8, 2021. These financial statements should be read in conjunction with that report. Principles of Consolidation The consolidated financial statements include the accounts of Deep Green Waste & Recycling, Inc. (“Deep Green”), DGWR, LLC and Deep Green’s wholly owned subsidiaries, DG Research, Inc. and DG Treasury, Inc. All inter-company balances and transactions have been eliminated in consolidation. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Cash Equivalents Investments having an original maturity of 90 days or less that are readily convertible into cash are considered to be cash equivalents. For the periods presented, the Company had no cash equivalents. Income Taxes In accordance with Accounting Standards Codification (ASC) 740 - Income Taxes, the provision for income taxes is computed using the asset and liability method. The asset and liability method measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts on the financial statements. The resulting deferred tax assets or liabilities are adjusted to reflect changes in tax laws as they occur. A valuation allowance is provided when it is not more likely than not that a deferred tax asset will be realized. We expect to recognize the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount to be recognized in the financial statements will be the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. As of September 30, 2021 and December 31, 2020, we had no uncertain tax positions. We recognize interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. We currently have no federal or state tax examinations nor have we had any federal or state examinations since our inception. To date, we have not incurred any interest or tax penalties. Financial Instruments and Fair Value of Financial Instruments We adopted ASC Topic 820, Fair Value Measurements and Disclosures ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC Topic 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. Except for the derivative liability (see NOTE H For nonrecurring fair value measurements of issuances of common stock for services and in satisfaction of convertible notes payable and accrued interest (see NOTE I DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Derivative Liabilities We evaluate convertible notes payable, stock options, stock warrants and other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. Impairment of Long-Lived Assets The Company’s long-lived assets (consisting primarily of property, equipment and intangible assets) are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Through September 30, 2021, the Company has not experienced impairment losses on its long-lived assets. Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Routine maintenance and repairs and minor replacement costs are charged to expense as incurred, while expenditures that extend the life of these assets are capitalized. Depreciation and amortization are provided for in amounts sufficient to write off the cost of depreciable assets to operations over their estimated service lives. The Company uses the straight-line method of depreciation for both financial reporting and tax purposes. Upon the sale or retirement of property and equipment, the cost and related accumulated depreciation and amortization will be removed from the accounts and the resulting profit or loss will be reflected in the statement of operations. The estimated lives used to determine depreciation and amortization are: SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT Trucks 5 Containers 5 Software 2 3 Office Equipment 3 7 Furniture and Fixtures 8 Waste and Recycling Equipment 5 Leasehold Improvements Varies by Lease DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Equity Instruments Issued to Non-Employees for Acquiring Goods or Services Issuances of our common stock or warrants for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a “performance commitment” which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. Although situations may arise in which counter performance may be required over a period of time, the equity award granted to the party performing the service may be fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist if the instruments are fully vested on the date of agreement, we determine such date to be the measurement date and will record the estimated fair market value of the instruments granted as a prepaid expense and amortize such amount to expense over the contract period. When it is appropriate for us to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values. Stock-Based Compensation We account for share-based awards to employees in accordance with ASC 718 “Stock Compensation”. Under this guidance, stock compensation expense is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the estimated service period (generally the vesting period) on the straight-line attribute method. Share-based awards to non-employees are accounted for in accordance with ASC 505-50 “Equity”, wherein such awards are expensed over the period in which the related services are rendered. Related Parties A party is considered to be related to us if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with us. Related parties also include our principal owners, our management, members of the immediate families of our principal owners and our management and other parties with which we may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties, or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests, is also a related party. Revenue Recognition Revenue is recognized when all of the following criteria are met: (1) persuasive evidence of an arrangement exists, (2) the price is fixed or determinable, (3) collectability is reasonably assured, and (4) delivery has occurred. Advertising Costs Advertising costs, which were not significant for the periods presented, are expensed as incurred. Loss per Share We compute net loss per share in accordance with FASB ASC 260. The ASC specifies the computation, presentation and disclosure requirements for loss per share for entities with publicly held common stock. Basic loss per share amounts are computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed on the basis of the weighted average number of common shares and dilutive securities (such as stock options, warrants and convertible securities) outstanding. Dilutive securities having an anti-dilutive effect on diluted net loss per share are excluded from the calculation. For the periods presented, we have excluded the shares issuable from the convertible notes payable (see NOTE G NOTE H NOTE I DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Recently Enacted Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which has superseded nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than was required under prior U.S. GAAP. We adopted ASU 2014-09 effective January 1, 2018. ASU 2014-09 has not had any significant effect on our financial statements for the periods presented. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), to provide guidance on recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements, specifically differentiating between different types of leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from all leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous GAAP. There continues to be a differentiation between finance leases and operating leases. However, the principal difference from previous guidance is that the lease assets and lease liabilities arising from operating leases should be recognized in the balance sheet. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. We adopted ASU 2016-02 effective January 1, 2019. ASU No. 2016-02 has not had any significant effect on our financial statements for the periods presented. On July 13, 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (“ASU”) 2017-11. Among other things, ASU 2017-11 provides guidance that eliminates the requirement to consider “down round” features when determining whether certain financial instruments or embedded features are indexed to an entity’s stock and need to be classified as liabilities. ASU 2017-11 provides for entities to recognize the effect of a down round feature only when it is triggered and then as a dividend and a reduction to income available to common stockholders in basic earnings per share. The guidance was effective for annual periods beginning after December 15, 2018; early adoption was permitted. The Company early adopted ASU 2017-11. As a result, we have not recognized the fair value of any warrants containing down round features as liabilities. Please see NOTE I - CAPITAL STOCK Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. | NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States and have been consistently applied in the preparation of the financial statements. Principles of Consolidation The consolidated financial statements include the accounts of Deep Green Waste & Recycling, Inc. (“Deep Green”) and Deep Green’s wholly owned subsidiaries, DGWR, LLC and DG Research, Inc DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Cash Equivalents Investments having an original maturity of 90 days or less that are readily convertible into cash are considered to be cash equivalents. For the periods presented, the Company had no cash equivalents. Income Taxes In accordance with Accounting Standards Codification (ASC) 740 - Income Taxes, the provision for income taxes is computed using the asset and liability method. The asset and liability method measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts on the financial statements. The resulting deferred tax assets or liabilities are adjusted to reflect changes in tax laws as they occur. A valuation allowance is provided when it is not more likely than not that a deferred tax asset will be realized. We expect to recognize the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount to be recognized in the financial statements will be the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. As of December 31, 2020, we had no uncertain tax positions. We recognize interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. We currently have no federal or state tax examinations nor have we had any federal or state examinations since our inception. To date, we have not incurred any interest or tax penalties. Financial Instruments and Fair Value of Financial Instruments We adopted ASC Topic 820, Fair Value Measurements and Disclosures ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC Topic 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. Except for the derivative liability (see NOTE G For nonrecurring fair value measurements of issuances of common stock for services (see NOTE H DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Derivative Liabilities We evaluate convertible notes payable, stock options, stock warrants and other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. Impairment of Long-Lived Assets The Company’s long-lived assets (consisting primarily of property and equipment) are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Through December 31, 2020, the Company has not experienced impairment losses on its long-lived assets. Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Routine maintenance and repairs and minor replacement costs are charged to expense as incurred, while expenditures that extend the life of these assets are capitalized. Depreciation and amortization are provided for in amounts sufficient to write off the cost of depreciable assets to operations over their estimated service lives. The Company uses the straight-line method of depreciation method for both financial reporting and tax purposes. Upon the sale or retirement of property and equipment, the cost and related accumulated depreciation and amortization will be removed from the accounts and the resulting profit or loss will be reflected in the statement of income. The estimated lives used to determine depreciation and amortization are: SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT Software 2 3 Office Equipment 3 7 Furniture and Fixtures 8 Waste and Recycling Equipment 5 Leasehold Improvements Varies by Lease DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Equity Instruments Issued to Non-Employees for Acquiring Goods or Services Issuances of our common stock or warrants for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a “performance commitment” which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. Although situations may arise in which counter performance may be required over a period of time, the equity award granted to the party performing the service may be fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist if the instruments are fully vested on the date of agreement, we determine such date to be the measurement date and will record the estimated fair market value of the instruments granted as a prepaid expense and amortize such amount to expense over the contract period. When it is appropriate for us to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values. Stock-Based Compensation We account for share-based awards to employees in accordance with ASC 718 “Stock Compensation”. Under this guidance, stock compensation expense is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the estimated service period (generally the vesting period) on the straight-line attribute method. Share-based awards to non-employees are accounted for in accordance with ASC 505-50 “Equity”, wherein such awards are expensed over the period in which the related services are rendered. Related Parties A party is considered to be related to us if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with us. Related parties also include our principal owners, our management, members of the immediate families of our principal owners and our management and other parties with which we may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties, or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests, is also a related party. Revenue Recognition Revenue is recognized when all of the following criteria are met: (1) persuasive evidence of an arrangement exists, (2) the price is fixed or determinable, (3) collectability is reasonably assured, and (4) delivery has occurred. Advertising Costs Advertising costs, which were not significant for the periods presented, are expensed as incurred. Loss per Share We compute net loss per share in accordance with FASB ASC 260. The ASC specifies the computation, presentation and disclosure requirements for loss per share for entities with publicly held common stock. Basic loss per share amounts are computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed on the basis of the weighted average number of common shares and dilutive securities (such as stock options, warrants and convertible securities) outstanding. Dilutive securities having an anti-dilutive effect on diluted net loss per share are excluded from the calculation. For the years ended December 31, 2020 and 2019, we have excluded the shares issuable from the convertible notes payable (see NOTE F NOTE H DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Recently Enacted Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than was required under prior U.S. GAAP. We adopted ASU 2014-09 effective January 1, 2018. ASU 2014-09 has not had any significant effect on our Financial statements for the periods presented. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), to provide guidance on recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements, specifically differentiating between different types of leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from all leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous GAAP. There continues to be a differentiation between finance leases and operating leases. However, the principal difference from previous guidance is that the lease assets and lease liabilities arising from operating leases should be recognized in the balance sheet. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. We adopted ASU 2016-02 effective January 1, 2019. ASU No. 2016-02 has not had any significant effect on our Financial statements for the periods presented. On July 13, 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (“ASU”) 2017-11. Among other things, ASU 2017-11 provides guidance that eliminates the requirement to consider “down round” features when determining whether certain financial instruments or embedded features are indexed to an entity’s stock and need to be classified as liabilities. ASU 2017-11 provides for entities to recognize the effect of a down round feature only when it is triggered and then as a dividend and a reduction to income available to common stockholders in basic earnings per share. The guidance is effective for annual periods beginning after December 15, 2018; early adoption is permitted. The Company has early adopted ASU 2017-11. As a result, we have not recognized the fair value of the warrants containing down round features as liabilities. Please see NOTE H - CAPITAL STOCK Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Fair Value of Financial Instruments The Company defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. Financial instruments included in the Company’s financial statements include cash, accounts payable and accrued expenses, accrued interest payable and debt. Unless otherwise disclosed in the notes to the financial statements, the carrying value of financial instruments is considered to approximate fair value due to the short maturity and characteristics of those instruments. The carrying value of debt approximates fair value as terms approximate those currently available for similar debt instruments. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | ||
PROPERTY AND EQUIPMENT | NOTE C - PROPERTY AND EQUIPMENT Property and Equipment consist of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2021 (Unaudited) December 31, 2020 Trucks $ 90,832 $ - Containers 112,378 - Software 99,025 99,025 Office equipment 60,974 60,974 Furniture and Fixtures 948 948 Waste and Recycling Equipment 20,972 18,800 Total 385,129 179,747 Accumulated depreciation and amortization (197,806 ) (169,949 ) Net $ 187,323 $ 9,798 | NOTE C - PROPERTY AND EQUIPMENT Property and Equipment consist of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT December 31, 2020 December 31, 2019 Software 99,025 99,025 Office equipment 60,974 60,974 Furniture and Fixtures 948 948 Waste and Recycling Equipment 18,800 18,800 Leasehold Improvements - 2,100 Total 179,747 181,847 Accumulated depreciation and amortization (169,949 ) (161,058 ) Net $ 9,798 $ 20,789 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 9 Months Ended |
Sep. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTANGIBLE ASSETS | NOTE D – INTANGIBLE ASSETS Intangible assets consist of the following at: SCHEDULE OF INTANGIBLE ASSETS September 30, 2021 (Unaudited) December 31, 2020 Customer list and covenant not to compete acquired in connection with the Asset Purchase Agreement with Amwaste, Inc. closed on February 11, 2021 $ 109,000 $ Total 109,000 - Accumulated amortization (13,767 ) - Net $ 95,233 $ - The customer list and covenant not to compete is being amortized using the straight-line method over their estimated useful life of five years 13,767 0 At September 30, 2021, the expected future amortization of intangible assets expense is: SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS Amount Fiscal year ending December 31: 2021 (excluding the nine months ended September 30, 2021) $ 5,450 2022 21,800 2023 21,800 2024 21,800 2025 21,800 Thereafter 2,583 Total $ 95,233 |
ACCOUNTS PAYABLE
ACCOUNTS PAYABLE | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Payables and Accruals [Abstract] | ||
ACCOUNTS PAYABLE | NOTE E – ACCOUNTS PAYABLE Accounts payable consist of the following at: SCHEDULE OF ACCOUNTS PAYABLE September 30, 2021 December 31, 2020 August 1, 2018 Default Judgment payable to Ohio vendor $ 37,536 $ 32,832 January 14, 2019 Default Judgment payable to Tennessee customer 423,152 423,152 January 24, 2019 Default judgment payable to Florida vendor 31,631 31,631 Other vendors of materials and services 2,266,554 2,241,043 Credit card obligations 220,306 220,306 Total $ 2,979,179 $ 2,948,964 Most of the accounts payable relate to services performed by subcontractors prior to the cessation of our waste recycling business on August 7, 2018. In many cases, these subcontractors have subsequently reached agreements with our former customers to continue the provision of services to such customers. | NOTE D – ACCOUNTS PAYABLE Accounts payable consist of the following at: SCHEDULE OF ACCOUNTS PAYABLE December 31, 2020 December 31, 2019 August 1, 2018 Default Judgment payable to Ohio vendor $ 32,832 $ 32,832 January 14, 2019 Default Judgment payable to Tennessee customer 423,152 423,152 January 24, 2019 Default judgment payable to Florida vendor 31,631 31,631 Other vendors of materials and services 2,241,043 2,211,707 Credit card obligations 220,306 220,306 Total $ 2,948,964 $ 2,919,628 Most of the accounts payable relate to services performed by subcontractors prior to the cessation of our waste recycling business on August 7, 2018. In many cases, these subcontractors have subsequently reached agreements with our former customers to continue the provision of services to such customers. |
DEBT
DEBT | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Debt Disclosure [Abstract] | ||
DEBT | NOTE F – DEBT Debt consists of the following at: SCHEDULE OF DEBT September 30, 2021 December 31, 2020 Note payable to Seller of CARE dated October 20, 2017, interest at 7% per annum, payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default (1) $ - $ 315,810 Note payable to Seller of CARE dated October 20, 2017, interest at 7 payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default $ - $ 315,810 Note payable to Seller of CFSI dated October 20, 2017, interest at 7 payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default - 179,190 Claimed amount due to Factor (AEC Yield Capital, LLC) pursuant to Factor’s Notice of Default dated July 31, 2018 387,535 387,535 Short-term capital lease- 5 compactor leases (in technical default) 5,574 5,574 Loans payable to officers and directors, non-interest bearing, due on demand 104,377 - Other 28,368 8,475 Total 525,854 896,584 Current portion of debt (525,854 ) (896,584 ) Long-term portion of debt $ - $ - (1) On September 16, 2021, the Company entered into a Release and Settlement Agreement (the “Settlement Agreement”) with Gordon Boorse pertaining to the outstanding principal and interest outstanding on the Notes issued by the Company in the purchase of Compaction and Recycling Equipment, Inc. (the “CARE Note”) and Columbia Financial Services, Inc, (the “CFSI Note”). Under the terms of the Settlement Agreement, the Company abandoned all claims against Boorse with respect to its purchase of CARE and CFSI, and Boorse forgave the outstanding principal ($ 495,000 157,995 | NOTE E – DEBT Debt consists of the following at: SCHEDULE OF DEBT December 31, 2020 December 31, 2019 Note payable to Seller of CARE dated October 20, 2017, interest at 7% per annum, payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default (1) $ 315,810 $ 315,810 Note payable to Seller of CFSI dated October 20, 2017, interest at 7% per annum, payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default (1) 179,190 179,190 Claimed amount due to Factor pursuant to Factor’s Notice of Default dated July 31, 2018 387,535 387,535 Short-term capital lease 5,574 5,574 Loans payable to officers, noninterest bearing, due on demand 8,475 - Total 896,584 888,109 Current portion of debt (896,584 ) (764,359 ) Long-term portion of debt $ - $ 123,750 (1) The Company disputes these liabilities based on Seller’s misrepresentations in connection with the sale of CARE and CFSI to Deep Green effective October 1, 2017. The Company has not made any of the payments required under these notes. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 |
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Debt Disclosure [Abstract] | ||
CONVERTIBLE NOTES PAYABLE | NOTE G – CONVERTIBLE NOTES PAYABLE Convertible Notes Payable consist of: SCHEDULE OF CONVERTIBLE NOTE PAYABLE September 30, 2021 December 31, 2020 Unsecured Convertible Promissory Note payable to GPL Ventures, LLC: Issue date June 23, 2020 – net of unamortized debt discount of $0 and $5,238 at September 30, 2021 and December 31, 2020, respectively (i) $ - $ 10,762 Unsecured Convertible Promissory Note payable to GPL Ventures, LLC: Issue date June 23, 2020 – net of unamortized debt discount of $ 0 5,238 $ - $ 10,762 Unsecured Convertible Promissory Note payable to Labrys Fund, LP: Issue date July 2, 2021 – net of unamortized debt discount of $ 53,556 0 46,444 - Total $ 46,444 $ 10,762 (i) On June 23, 2020, the Company issued GPL Ventures LLC (“GPL”) a Convertible Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 June 23, 2021 0.01 60% 20 1 10% DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE G – CONVERTIBLE NOTES PAYABLE (continued) (ii) On July 2, 2021, the Company entered into a Securities Purchase Agreement (“SPA”) with Labrys Fund, LP (“Labrys”) and issued Labrys a Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 July 2, 2022 0.015 1,750 1 12% 5,000,000 0.02 5 1,000,000 100,000 2,959 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) | NOTE F – CONVERTIBLE NOTES PAYABLE Convertible Notes Payable consist of: SCHEDULE OF CONVERTIBLE NOTE PAYABLE December 31, December 31, Unsecured Convertible Promissory Note payable to Armada Investment Fund, LLC: Issue date March 12, 2020 – net of unamortized debt discount of $ 0 0 $ - $ Unsecured Convertible Promissory Note payable to GPL Ventures, LLC: Issue date June 23, 2020 – net of unamortized debt discount of $ 5,238 0 10,762 - Total $ 10,762 $ - (i) On March 12, 2020, the Company issued to Armada Investment Fund, LLC (“ARMADA”) a Convertible Promissory Note (the “Note”) in the amount of Twenty-Three Thousand and NO/100 Dollars ($ 23,000 8% 18% January 13, 2021 The Note was convertible, in whole or in part, at any time and from time to time before maturity (January 13, 2021) at the option of the holder at the Variable Conversion Price, which is equal to the lesser of (i) 60% 20 (ii) On June 23, 2020, the Company issued GPL Ventures LLC (“GPL”) a Convertible Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 The Note is convertible, in whole or in part, at any time and from time to time before maturity (June 23, 2021) at the option of the holder at the Conversion Price that shall equal the lesser of a) $ 0.01 60% 20 10% 16,000 2,169 |
DERIVATIVE LIABILITY
DERIVATIVE LIABILITY | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
DERIVATIVE LIABILITY | NOTE H - DERIVATIVE LIABILITY The derivative liability at September 30, 2021 and December 31, 2020 consisted of: SCHEDULE OF DERIVATIVE LIABILITY September 30, 2021 December 31, 2020 Convertible Promissory Note payable to GPL Ventures, LLC. Please see NOTE G – CONVERTIBLE NOTES PAYABLE $ $ 43,444 Total $ - $ 43,444 The above Convertible Promissory Note (the “Note”) contained a variable conversion feature based on the future trading price of the Company’s common stock. Therefore, the number of shares of common stock issuable upon conversion of the Note was indeterminate. Accordingly, we recorded the fair value of the embedded conversion feature as a derivative liability at the issuance date of the Note and charged the applicable amounts to debt discount and the remainder to other expense. The increase (decrease) in the fair value of the derivative liability from the issuance date of the Note to the measurement date is charged (credited) to other expense (income). The fair value of the derivative liability was measured at December 31, 2020 using the Black Scholes option pricing model. Assumptions at December 31, 2020 were (1) stock price of $ 0.0329 0.00906 174 143.21 0.09 | NOTE G - DERIVATIVE LIABILITY The derivative liability at December 31, 2020 and December 31, 2019 consisted of: SCHEDULE OF DERIVATIVE LIABILITY December 31, December 31, Convertible Promissory Note payable to GPL Ventures, LLC. Please see NOTE F – CONVERTIBLE NOTES PAYABLE $ 43,444 $ - Total $ 43,444 $ - The above Convertible Promissory Note (the “Notes”) contains a variable conversion feature based on the future trading price of the Company’s common stock. Therefore, the number of shares of common stock issuable upon conversion of the Note is indeterminate. Accordingly, we have recorded the fair value of the embedded conversion feature as a derivative liability at the issuance date of the Note and charged the applicable amount to debt discount and the remainder to other expense. The increase (decrease) in the fair value of the derivative liability from the issuance date of the Note to the measurement date is charged (credited) to other expense (income). The fair value of the derivative liability was measured at the respective issuance date and at December 31, 2020 using the Black Scholes option pricing model. Assumptions used for the calculation of the derivative liability of the Note at December 31, 2020 were (1) stock price of $ 0.0329 0.00906 174 143% 0.09% |
CAPITAL STOCK
CAPITAL STOCK | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Equity [Abstract] | ||
CAPITAL STOCK | NOTE I - CAPITAL STOCK Amendment On July 11, 2021, the Company’s Board unanimously approved an Amendment to our Articles of Incorporation (the “Authorized Share Amendment”) to increase the number of authorized shares of Common Stock of the Company from 250,000,000 500,000,000 2,000,000 5,000,000 Preferred Stock On July 18, 2010, the Board of Directors unanimously approved the designation of a series of preferred stock to be known as “Series A Convertible Preferred Stock” (hereinafter “Series A”) with a stated par value of $ 0.0001 The holders of Series A, shall not be entitled to receive dividends, nor shall dividends be paid on common stock or any other Series of Preferred Stock while Series A shares are outstanding. The holders of Series A shall be entitled to vote on all matters submitted to a vote of the Shareholders of the Company. The holders of the Series A shall be entitled to one thousand (1,000) votes per one share of Series A held. Upon the availability of a sufficient number of authorized but unissued and unreserved shares of common stock, the holders of any Series A Preferred Stock shall be entitled to convert such shares in to fully paid and non-assessable shares of common stock at the rate of 1000 shares of common stock for each share of Series A. In the event of any liquidation, dissolution or winding up of the Corporation, either voluntarily or involuntarily, after setting apart or paying in full the preferential amounts due the Holders of senior capital stock, if any, the Holders of Series A and parity capital stock, if any, shall be entitled to receive, prior and in preference to any distribution of any of the assets or surplus funds of the Corporation to the Holders of junior capital stock, including Common Stock, an amount equal to $0.125 per share. On June 26, 2017, the Company entered into a conversion agreement with Saint James Capital Management LLC and agreed to convert 2,000,000 5,000,000 0.30 three 0.30 0.20 June 20, 2020 At September 30, 2021 and December 31, 2020, there were 0 0 On January 22, 2020, the Board of Directors unanimously approved the designation of a series of preferred stock to be known as “Series B Convertible Preferred Stock” (hereinafter “Series B”) with a par value of $ 0.0001 100,000 The holders of the Series B, shall not be entitled to receive dividends, nor shall dividends be paid on common stock or any other Series of Preferred Stock while Series B shares are outstanding. The holders of Series B shall be entitled to vote on all matters submitted to a vote of the Shareholders of the Company. The holders of the Series B shall be entitled to twenty thousand (20,000) votes per one share of Series B held. Upon the availability of a sufficient number of authorized but unissued and unreserved shares of common stock, the holders of any Series B Preferred Stock shall be entitled to convert such shares in to fully paid and non-assessable shares of common stock at the following conversion feature: the Conversion Price for each share of Series B Preferred Stock in effect on any Conversion Date shall be (i) eighty five percent (85%) of the average closing bid price of the Common Stock over the twenty (20) trading days immediately preceding the date of conversion, (ii) but no less than Par Value of the Common Stock. For purposes of determining the closing bid price on any day, reference shall be to the closing bid price for a share of Common Stock on such date on the NASD OTC Bulletin Board, as reported on Bloomberg, L.P. Any conversion shall be for a minimum Stated Value of $500.00 of Series B shares. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE I - CAPITAL STOCK (continued) If the Corporation shall commence a voluntary case under the U.S. Federal bankruptcy laws or any other applicable bankruptcy, insolvency or similar law, or consent to the entry of an order for relief in an involuntary case under any law or to the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar official) of the Corporation or of any substantial part of its property, or make an assignment for the benefit of its creditors, or admit in writing its inability to pay its debts generally as they become due, or if a decree or order for relief in respect of the Corporation shall be entered by a court having jurisdiction in the premises in an involuntary case under the U.S. Federal bankruptcy laws or any other applicable bankruptcy, insolvency or similar law resulting in the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar official) of the Corporation or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and any such decree or order shall be unstayed and in effect for a period of sixty (60) consecutive days and, on account of any such event, the Corporation shall liquidate, dissolve or wind up, or if the Corporation shall otherwise liquidate, dissolve or wind up, including, but not limited to, the sale or transfer of all or substantially all of the Corporation’s assets in one transaction or in a series of related transactions (a “Liquidation Event”), no distribution shall be made to the holders of any shares of capital stock of the Corporation (other than Senior Securities and Pari Passu Securities) upon liquidation, dissolution or winding up unless prior thereto the Holders of shares of Series B Preferred Stock shall have received the Liquidation Preference (equal to the stated value or $1.00 per share) with respect to each share. If, upon the occurrence of a Liquidation Event, the assets and funds available for distribution among the Holders of the Series B Preferred Stock and Holders of Pari Passu Securities shall be insufficient to permit the payment to such holders of the preferential amounts payable thereon, then the entire assets and funds of the Corporation legally available for distribution to the Series B Preferred Stock and the Pari Passu Securities shall be distributed ratably among such shares in proportion to the ratio that the Liquidation Preference payable on each such share bears to the aggregate Liquidation Preference payable on all such shares. On January 22, 2020, the Company issued 25,000 25,000 On June 3, 2020, the Company issued 6,000 6,000 At September 30, 2021 and December 31, 2020, there were 31,000 31,000 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE I - CAPITAL STOCK (continued) Common Stock Holders of the Company’s common stock are entitled to one vote for each share on all matters submitted to a stockholder vote. Holders of the Company’s common stock are entitled to share in all dividends that the board of directors, in its discretion, declares from legally available funds. In the event of a liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the common stock. The Company’s common stock has no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to the Company’s common stock. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE I - CAPITAL STOCK (continued) Common Stock and Preferred Stock Issuances For the nine months ended September 30, 2021 and fiscal year ended December 31, 2020, the Company issued and/or sold the following securities: Common Stock For the nine months ended September 30, 2021 On September 21, 2021, the Company issued a warrant holder 4,512,497 On July 9, 2021, the Company issued 7,823,177 shares of common stock in satisfaction of $ 41,000 principal and $ 3,062 interest. The $ 114,748 158,810 7,823,177 44,062 On July 8, 2021, the Company issued 1,000,000 see On July 2, 2021, the Company issued 4,629,964 shares of common stock in satisfaction of $ 35,340 principal and $ 774 interest. 72,690 108,804 4,629,964 36,114 On July 2, 2021, the Company issued 4,344,595 shares of common stock in satisfaction of $ 33,888 principal. 68,210 102,098 4,344,595 33,888 On July 1, 2021, the Company issued 8,300,345 shares of common stock in satisfaction of $ 64,554 principal and $ 189 interest. 98,774 163,517 8,300,345 64,743 On June 24, 2021, the Company issued 14,700,000 114,660 120,540 235,200 14,700,000 114,660 On June 24, 2021, the Company issued 7,225,972 51,369 658 63,589 115,616 7,225,972 52,027 On May 12, 2021, the Company issued 6,000,000 60,000 123,600 183,600 6,000,000 60,000 On May 12, 2021, the Company issued 4,000,000 40,000 83,600 123,600 4,000,000 40,000 On May 12, 2021, the Company issued 2,500,000 25,000 51,500 76,500 2,500,000 25,000 On March 19, 2021, the Company issued 750,000 On February 17, 2021, the Company issued Lloyd Spencer (Company CEO) 1,616,379 850,000 766,379 On February 17, 2021, the Company issued Bill Edmonds (Company CFO) 766,379 On February 16, 2021, the Company issued 2,000,000 For the year ended December 31, 2020 On January 24, 2020, the Company issued Lloyd Spencer 840,000 33,600 On July 27, 2020, the Company issued a noteholder 2,000,000 20,000 52,800 72,800 20,000 On August 6, 2020, the Company issued a noteholder 892,592 7,000 726 1,200 17,852 26,778 892,592 8,926 On August 17, 2020, the Company issued a noteholder 4,000,000 40,000 20,000 60,000 40,000 On August 18, 2020, the Company issued a noteholder 262,481 On September 9, 2020, the Company issued Lloyd Spencer 1,020,000 18,768 On September 23, 2020, the Company issued a noteholder 4,000,000 24,000 24,000 48,000 4,000,000 24,000 On December 29, 2020, the Company issued a noteholder 1,769,447 16,000 494 1,200 23,357 41,051 17,694 On December 30, 2020, the Company issued May Davis Partners Acquisition Company, LLC 10,000,000 163,000 10,000,000 The number of common shares authorized with a par value of $ 0.0001 500,000,000 250,000,000 200,005,368 129,836,060 Preferred Stock For the nine months ended September 30, 2021 None For the year ended December 31, 2020 On January 22, 2020, the Company issued 25,000 25,000 On June 3, 2020, the Company issued 6,000 6,000 The number of preferred shares authorized with a par value of $ 0.0001 5,000,000 2,000,000 31,000 31,000 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE I - CAPITAL STOCK (continued) Warrants and options A summary of warrants and options activity follows: SUMMARY OF WARRANTS AND OPTIONS ACTIVITY Shares Equivalent Options Warrants Total Balance, December 31, 2020 - 80,000 80,000 Warrants expired on February 19, 2021 - (30,000 ) (30,000 ) Warrants expired on March 16, 2021 - (50,000 ) (50,000 ) Warrant issued on July 2, 2021 (i) - 5,000,000 5,000,000 Cashless exercise of warrant on September 21, 2021 - (5,000,000 ) (5,000,000 ) Balance, September 30, 2021 - - - (i) On July 2, 2021, the Company entered into a Securities Purchase Agreement (“SPA”) with Labrys Fund, LP (“Labrys”) and issued Labrys a Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 ). The Note is convertible, in whole or in part, at any time and from time to time before maturity (July 2, 2022) at the option of the holder at the Conversion Price that shall equal $ 0.015 . If at any time the Conversion Price as determined hereunder for any conversion would be less than the par value of the Common Stock, then at the sole discretion of the Holder, the Conversion Price hereunder may equal such par value for such conversion and the Conversion Amount for such conversion may be increased to include Additional Principal, where “Additional Principal” means such additional amount to be added to the Conversion Amount to the extent necessary to cause the number of conversion shares issuable upon such conversion to equal the same number of conversion shares as would have been issued had the Conversion Price not been adjusted by the Holder to the par value price. The Conversion Price is subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events. Holder shall be entitled to deduct $ 1,750.00 from the conversion amount in each Notice of Conversion to cover Holder’s fees associated with each Notice of Conversion. The Note has a term of one (1) year and bears interest at 12 5,000,000 0.02 5 4,512,497 As of September 30, 2021, the Company had no DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) | NOTE H - CAPITAL STOCK Preferred Stock On July 18, 2010, the Board of Directors unanimously approved the designation of a series of preferred stock to be known as “Series A Convertible Preferred Stock” (hereinafter “Series A”) with a stated par value of $ 0.0001 The holders of the Series A shall be entitled to one thousand (1,000) votes per one share of Series A held. Upon the availability of a sufficient number of authorized but unissued and unreserved shares of common stock, the holders of any Series A Preferred Stock shall be entitled to convert such shares in to fully paid and non-assessable shares of common stock at the rate of 1000 shares of common stock for each share of Series A. In the event of any liquidation, dissolution or winding up of the Corporation, either voluntarily or involuntarily, after setting apart or paying in full the preferential amounts due the Holders of senior capital stock, if any, the Holders of Series A and parity capital stock, if any, shall be entitled to receive, prior and in preference to any distribution of any of the assets or surplus funds of the Corporation to the Holders of junior capital stock, including Common Stock, an amount equal to $0.125 per share. On June 26, 2017, the Company entered into a conversion agreement with Saint James Capital Management LLC and agreed to convert 2,000,000 5,000,000 0.30 0.30 0.20 At December 31, 2020 and December 31, 2019, there are 0 0 On January 22, 2020, the Board of Directors unanimously approved the designation of a series of preferred stock to be known as “Series B Convertible Preferred Stock” (hereinafter “Series B”) with a par value of $ 0.0001 100,000 The holders of the Series B, shall not be entitled to receive dividends, nor shall dividends be paid on common stock or any other Series of Preferred Stock while Series B shares are outstanding. The holders of Series B shall be entitled to vote on all matters submitted to a vote of the Shareholders of the Company. The holders of the Series B shall be entitled to twenty thousand (20,000) votes per one share of Series B held. Upon the availability of a sufficient number of authorized but unissued and unreserved shares of common stock, the holders of any Series B Preferred Stock shall be entitled to convert such shares in to fully paid and non-assessable shares of common stock at the following conversion feature: the Conversion Price for each share of Series B Preferred Stock in effect on any Conversion Date shall be (i) eighty five percent (85%) of the average closing bid price of the Common Stock over the twenty (20) trading days immediately preceding the date of conversion, (ii) but no less than Par Value of the Common Stock. For purposes of determining the closing bid price on any day, reference shall be to the closing bid price for a share of Common Stock on such date on the NASD OTC Bulletin Board, as reported on Bloomberg, L.P. Any conversion shall be for a minimum Stated Value of $500.00 of Series B shares. If the Corporation shall commence a voluntary case under the U.S. Federal bankruptcy laws or any other applicable bankruptcy, insolvency or similar law, or consent to the entry of an order for relief in an involuntary case under any law or to the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar official) of the Corporation or of any substantial part of its property, or make an assignment for the benefit of its creditors, or admit in writing its inability to pay its debts generally as they become due, or if a decree or order for relief in respect of the Corporation shall be entered by a court having jurisdiction in the premises in an involuntary case under the U.S. Federal bankruptcy laws or any other applicable bankruptcy, insolvency or similar law resulting in the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar official) of the Corporation or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and any such decree or order shall be unstayed and in effect for a period of sixty (60) consecutive days and, on account of any such event, the Corporation shall liquidate, dissolve or wind up, or if the Corporation shall otherwise liquidate, dissolve or wind up, including, but not limited to, the sale or transfer of all or substantially all of the Corporation’s assets in one transaction or in a series of related transactions (a “Liquidation Event”), no distribution shall be made to the holders of any shares of capital stock of the Corporation (other than Senior Securities and Pari Passu Securities) upon liquidation, dissolution or winding up unless prior thereto the Holders of shares of Series B Preferred Stock shall have received the Liquidation Preference (as defined below) with respect to each share. If, upon the occurrence of a Liquidation Event, the assets and funds available for distribution among the Holders of the Series B Preferred Stock and Holders of Pari Passu Securities shall be insufficient to permit the payment to such holders of the preferential amounts payable thereon, then the entire assets and funds of the Corporation legally available for distribution to the Series B Preferred Stock and the Pari Passu Securities shall be distributed ratably among such shares in proportion to the ratio that the Liquidation Preference payable on each such share bears to the aggregate Liquidation Preference payable on all such shares. On January 22, 2020, the Company issued 25,000 25,000 On June 3, 2020, the Company issued 6,000 shares of its Series B Convertible Preferred Stock to Bill Edmonds in satisfaction of $ 6,000 At December 31, 2020 and December 31, 2019, there are 31,000 0 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE H - CAPITAL STOCK (continued) Common Stock Holders of the Company’s common stock are entitled to one vote for each share on all matters submitted to a stockholder vote. Holders of the Company’s common stock are entitled to share in all dividends that the board of directors, in its discretion, declares from legally available funds. In the event of a liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the common stock. The Company’s common stock has no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to the Company’s common stock. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE H - CAPITAL STOCK (continued) Common Stock Issuances For the fiscal years ended December 31, 2020 and 2019, the Company issued and/or sold the following securities: 2020 On January 24, 2020, the Company issued Lloyd Spencer 840,000 33,600 On July 27, 2020, the Company issued a noteholder 2,000,000 20,000 52,800 72,800 2,000,000 20,000 On August 6, 2020, the Company issued a noteholder 892,592 7,000 726 1,200 17,852 26,778 892,592 8,926 On August 17, 2020, the Company issued a noteholder 4,000,000 40,000 20,000 60,000 4,000,000 40,000 On August 18, 2020, the Company issued a noteholder 262,481 On September 9, 2020, the Company issued Lloyd Spencer 1,020,000 18,768 On September 23, 2020, the Company issued a noteholder 4,000,000 24,000 24,000 48,000 4,000,000 24,000 On December 29, 2020, the Company issued a noteholder 1,769,447 16,000 494 1,200 23,357 41,051 1,769,447 17,694 On December 30, 2020, the Company issued May Davis Partners Acquisition Company, LLC 10,000,000 The $ 163,000 10,000,000 2019 None The number of common shares authorized with a par value of $ 0.0001 250,000,000 250,000,000 129,836,060 105,051,540 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE H - CAPITAL STOCK (continued) Warrants and options A summary of warrants and options activity follows: SUMMARY OF WARRANTS AND OPTIONS ACTIVITY Shares Equivalent Options Warrants Total Balance, December 31, 2018 and 2019 - 6,290,431 6,290,431 Warrants (exercisable at $0.04 per share) issued to an investor in connection with the sale of a $23,000 Convertible Promissory Note on March 12, 2020 (i) - 262,500 262,500 Warrants (exercisable at $ 0.04 23,000 - 262,500 262,500 Warrants expired on June 20, 2020 (5,000,000 ) (5,000,000 ) Cashless exercise of warrants on August 19, 2020 - (262,500 ) (262,500 ) Warrants expired in October 2020 - (700,000 ) (700,000 ) Warrants expired in November 2020 - (510,431 ) (510,431 ) Balance, December 31, 2020 - 80,000 80,000 (i) On March 12, 2020, the Company issued to Armada Investment Fund, LLC (“ARMADA”) a Convertible Promissory Note (the “Note”) in the amount of Twenty-Three Thousand and NO/100 Dollars ($ 23,000 262,500 As of December 31, 2020, the Company had 3 warrants issued and outstanding granting the holders the right to purchase up to a total of 80,000 The following table summarizes information about warrants outstanding as of December 31, 2020: SUMMARY OF WARRANTS AND OUTSTANDING Number Outstanding At December 31, 2020 Exercise Price Expiration Date 30,000 $ 0.175 February 19, 2021 50,000 $ 0.175 March 16, 2021 80,000 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 |
INCOME TAXES
INCOME TAXES | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
INCOME TAXES | NOTE J - INCOME TAXES The provision for (benefit from) income taxes differs from the amount computed by applying the statutory United States federal income tax rate for the periods presented to income (loss) before income taxes. The income tax rate was 21% for the periods presented. The sources of the difference are as follows: SCHEDULE OF PROVISION FOR (BENEFIT FROM) INCOME TAXES Three Months Ended Nine Months Ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Expected tax at 21% $ 56,401 $ (42,175 ) $ (166,174 ) $ (95,794 ) Expected tax at 21 $ 56,401 $ (42,175 ) $ (166,174 ) $ (95,794 ) Non-deductible stock-based compensation 3,532 3,941 13,383 10,997 Non-deductible derivative liability expense (income) (76,947 ) (32,839 ) (97,418 ) (16,770 ) Non-deductible amortization of debt discounts 33,119 19,581 99,281 22,689 Non-deductible loss on conversions of notes payable and accrued interest 74,429 24,077 167,423 24,077 Increase (decrease) in Valuation allowance (90,534 ) 27,415 (16,495 ) 54,801 Provision for (benefit from) income taxes $ - $ - $ - $ - All tax years remain subject to examination by the Internal Revenue Service. Based on management’s present assessment, the Company has not yet determined it to be more likely than not that a deferred tax asset attributable to the future utilization of the net operating loss carryforward as of September 30, 2021 and December 31, 2020 will be realized. Accordingly, the Company has provided a 100 The net operating loss carryforward at September 30, 2021 for the years 2001 to 2017 expires in varying amounts from year 2021 to year 2037. Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited. | NOTE I - INCOME TAXES The provision for (benefit from) income taxes differs from the amount computed by applying the statutory United States federal income tax rate for the periods presented to income (loss) before income taxes. The income tax rate was 21% for the years ended December 31, 2020 and 2019. The sources of the difference are as follows: SCHEDULE OF PROVISION FOR (BENEFIT FROM) INCOME TAXES December 31, 2020 December 31, 2019 Year Ended December 31, 2020 December 31, 2019 Expected tax at 21% $ (153,840 ) $ (19,399 ) Non-deductible stock-based compensation 57,151 - Non-taxable derivative liability income (16,077 ) - Non-deductible loss on conversions of convertible notes payable 28,982 - Non-deductible amortization of debt discounts 24,495 - Increase (decrease) in Valuation allowance 59,289 19,399 Provision for (benefit from) income taxes $ - $ - All tax years remain subject to examination by the Internal Revenue Service. Based on management’s present assessment, the Company has not yet determined it to be more likely than not that a deferred tax asset attributable to the future utilization of the net operating loss carryforward as of December 31, 2020 will be realized. Accordingly, the Company has provided a 100% The net operating loss carryforward at December 31, 2020 for the years 2001 to 2017 expires in varying amounts from year 2021 to year 2037. Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | ||
COMMITMENTS AND CONTINGENCIES | NOTE K - COMMITMENTS AND CONTINGENCIES Occupancy On December 6, 2019, the Company entered into a rental agreement for a facility located at 13110 NE 177th Place, #293, Woodinville, WA 98072. The rental was for a term of one quarter with a quarterly rental rate of $ 70 Employment Agreements On January 1, 2016, Deep Green Waste & Recycling, LLC (the “LLC”) entered into an Employment Agreement (the “Agreement”) with David A. Bradford as Chief Operating Officer. In connection with his appointment, the LLC and Mr. Bradford entered into a written Agreement for an initial five-year 108,000 10 84,000 24,000 7 1.5 2,000,000 3.5 19,947 4.76 upon initiation of its Incentive Stock Plan (ISP), the LLC hereby grants the Executive an additional one and one half percent ( 1.5 %) ownership interest in the LLC, with 0.375% granted upon the date of initiation and 0.375% granted on the anniversary date of the ISP for each of the following three years, 2,000,000 1.5 3,500 two-year 31,500 0 36,750 10,500 3,632 3,446 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE K - COMMITMENTS AND CONTINGENCIES (continued) On January 1, 2016, Deep Green Waste & Recycling, LLC (the “LLC”) entered into an Employment Agreement (the “Agreement”) with Bill Edmonds as Managing Member, President and Chief Financial Officer. Mr. Edmonds became Chief Executive Officer of the Company in 2011. In connection with his appointment, the LLC and Mr. Edmonds entered into a written Agreement for an initial five-year 200,000 10 160,000 40,000 7 2.5 2,000,000 upon initiation of its Incentive Stock Plan, the LLC hereby grants the Executive an additional two and one-fourth percent ( 2.25 2,000,000 2.5 two-year 87,314 82,861 On December 4, 2019, the Company entered into an agreement with Lloyd Spencer as President and Chief Executive Officer. In connection with his appointment, the Company and Mr. Spencer entered into a written employment agreement (the “Employment Agreement”) for an initial three-year term, which provides for the following compensation terms for Mr. Spencer. Pursuant to the Employment Agreement, Mr. Spencer is to receive a base salary of $ 10,000 500,000 6,120,000 3 170,000 three-year 840,000 1,020,000 3,500 31,500 0 36,750 10,500 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE K - COMMITMENTS AND CONTINGENCIES (continued) Director Agreements On January 9, 2020, the Company and Lloyd Spencer (the “Director”) entered into a Board of Directors Services Agreement whereby the Director shall receive compensation for serving on the Company’s Board of Directors equivalent to Five Thousand and no/100 dollars ($ 5,000 5,000 15,000 On January 9, 2020, the Company and Bill Edmonds (the “Director”) entered into a Board of Directors Services Agreement whereby the Director shall receive compensation for serving on the Company’s Board of Directors equivalent to Five Thousand and no/100 dollars ($ 5,000 5,000 15,000 Consulting Agreement On May 10, 2021, the Company entered into a Consulting Agreement (the “Agreement”) with Sylios Corp (the “Consultant”) for preparation of the Company’s financial reports. Under the terms of the Agreement, the Consultant is to assist the Company in the preparation of its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Registration Statements on Form S-1 and Form S-8. The Agreement shall have a term of one ( 1 2,500,000 2,500,000 35,000 15,000 10,000 10,000 Finder’s Fee Agreement On May 13, 2021, the Company entered into a Finder’s Fee Agreement (the “Agreement”) with J.H. Darbie & Co., Inc. (hereinafter, “Darbie”), Under the terms of the Agreement, Darbie will use its best efforts to initiate an introductory meeting between principals of the Introduced Party and that of the Company with the goal of raising capital for the Company. The Agreement has a term of 120 days, but Darbie shall have the right to terminate the Agreement with five (5) days written notice to the Company. In consideration of the introduction, Darbie shall be entitled to receive a finder’s fee in the amount of four percent (4%) of the gross proceeds of an equity/convertible debt transaction and/or cash equal to four percent (4%) of the gross proceeds of a non-convertible debt transaction. Legal As indicated in NOTE E – ACCOUNTS PAYABLE 492,319 2,486,860 387,535 see NOTE F – DEBT. | NOTE J - COMMITMENTS AND CONTINGENCIES Occupancy Corporate office On December 6, 2019, the Company entered into a rental agreement for a facility located at 13110 NE 177th Place, #293, Woodinville, WA 98072. The rental was for a term of one quarter with a quarterly rental rate of $ 70 Employment and Director Agreements On January 1, 2016, Deep Green Waste & Recycling, LLC (the “LLC”) entered into an Employment Agreement (the “Agreement”) with David A. Bradford as Chief Operating Officer. In connection with his appointment, the LLC and Mr. Bradford entered into a written Agreement for an initial five-year term 108,000 10 84,000 24,000 7 1.5 2,000,000 3.5 4.76 1.5 2,000,000 1.5 3,500 two-year period 19,250 10,500 As of December 31, 2020, the deferred compensation balance due Mr. Bradford is $ 0 DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE J - COMMITMENTS AND CONTINGENCIES (continued) On January 1, 2016, Deep Green Waste & Recycling, LLC (the ‘LLC”) entered into an Employment Agreement (the “Agreement”) with Bill Edmonds as Managing Member, President and Chief Financial Officer. Mr. Edmonds became Chief Executive Officer of the Company in 2011. In connection with his appointment, the LLC and Mr. Edmonds entered into a written Agreement for an initial five-year term 200,000 10 160,000 40,000 7 2.5 2.25 2,000,000 2.5 two-year period 86,307 On December 4, 2019, the Company entered into an agreement with Lloyd Spencer as President and Chief Executive Officer. In connection with his appointment, the Company and Mr. Spencer entered into a written employment agreement (the “Employment Agreement”) for an initial three-year term, which provides for the following compensation terms for Mr. Spencer. Pursuant to the Employment Agreement, Mr. Spencer will receive a base salary of $ 10,000 500,000 6,120,000 3 170,000 three 840,000 1,020,000 33,600 18,768 850,000 16,779 69,147 3,500 19,250 As of December 31, 2020, the accrued cash compensation due to Mr. Spencer was $ 10,500 Director Agreements On January 9, 2020, the Company and Lloyd Spencer (the “Director”) entered into a Board of Directors Services Agreement whereby the Director shall receive compensation for serving on the Company’s Board of Directors equivalent to Five Thousand and no/100 dollars ($ 5,000 5,000 20,000 On January 9, 2020, the Company and Bill Edmonds (the “Director”) entered into a Board of Directors Services Agreement whereby the Director shall receive compensation for serving on the Company’s Board of Directors equivalent to Five Thousand and no/100 dollars ($ 5,000 5,000 20,000 Corporate Finance Engagement On September 24, 2020, the Company executed a letter agreement with Xnergy Financial LLC (“XFLLC”). The letter agreement provides for XFLLC to be the Company’s exclusive investment bank in connection with the Company’s corporate finance needs. The initial term of the agreement was 90 days and continues for successive 30-day periods unless cancelled by either party by written notice to the other party. The agreement provides for the Company to pay XFLLC success fees equal to 6 25,000 8,333 16,667 Legal As indicated in NOTE D – ACCOUNTS PAYABLE 487,615 2,461,349 495,000 387,535 see NOTE E – DEBT DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 |
GOING CONCERN UNCERTAINTY
GOING CONCERN UNCERTAINTY | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
GOING CONCERN UNCERTAINTY | NOTE L - GOING CONCERN UNCERTAINTY Under ASC 205-40, we have the responsibility to evaluate whether conditions and/or events raise substantial doubt about our ability to meet our future financial obligations as they become due within one year after the date that the financial statements are issued. As required by this standard, our evaluation shall initially not take into consideration the potential mitigating effects of our plans that have not been fully implemented as of the date the financial statements are issued. In performing the first step of this assessment, we concluded that the following conditions raise substantial doubt about our ability to meet our financial obligations as they become due. We have a history of net losses: As of September 30, 2021, we had cash of $ 51,878 97,200 3,966,187 8,511,260 364,267 126,281 In performing the second step of this assessment, we are required to evaluate whether our plans to mitigate the conditions above alleviate the substantial doubt about our ability to meet our obligations as they become due within one year after the date that the financial statements are issued. Our future plans include securing additional funding sources that may include establishing corporate partnerships, establishing licensing revenue agreements, issuing additional convertible debentures and issuing public or private equity securities, including selling common stock through an at-the-market facility (ATM). There is no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available through external sources. The lack of additional capital resulting from the inability to generate cash flow from operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material effect on the business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or they will not have a significant dilutive effect on the Company’s existing shareholders. We have therefore concluded there is substantial doubt about our ability to continue as a going concern through November 2022. The accompanying consolidated financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from our failure to continue as a going concern. | NOTE K - GOING CONCERN UNCERTAINITY GOING CONCERN UNCERTAINTY Under ASC 205-40, we have the responsibility to evaluate whether conditions and/or events raise substantial doubt about our ability to meet our future financial obligations as they become due within one year after the date that the financial statements are issued. As required by this standard, our evaluation shall initially not take into consideration the potential mitigating effects of our plans that have not been fully implemented as of the date the financial statements are issued. In performing the first step of this assessment, we concluded that the following conditions raise substantial doubt about our ability to meet our financial obligations as they become due. We have a history of net losses: As of December 31, 2020, we had cash of $ 757 757 4,373,037 7,776,354 131,453 959 In performing the second step of this assessment, we are required to evaluate whether our plans to mitigate the conditions above alleviate the substantial doubt about our ability to meet our obligations as they become due within one year after the date that the financial statements are issued. Our future plans include securing additional funding sources that may include establishing corporate partnerships, establishing licensing revenue agreements, issuing additional convertible debentures and issuing public or private equity securities, including selling common stock through an at-the-market facility (ATM). There is no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available through external sources. The lack of additional capital resulting from the inability to generate cash flow from operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material effect on the business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or they will not have a significant dilutive effect on the Company’s existing shareholders. We have therefore concluded there is substantial doubt about our ability to continue as a going concern through April 2022. The accompanying consolidated financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from our failure to continue as a going concern. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Related Party Transactions [Abstract] | ||
RELATED PARTY TRANSACTIONS | NOTE M – RELATED PARTY TRANSACTIONS During the period January 1, 2018 to August 7, 2018 (the date of Deep Green’s cessation of its waste recycling business), Deep Green used an entity controlled by Deep Green’s then Chief Executive Officer as a subcontractor to service certain customers of Deep Green. Charges to cost of revenues from this related party totaled $ 29,190 57,600 On April 9, 2021, the Company issued Bill Edmonds (“Mr. Edmonds”), an officer and director of the Company, a Convertible Promissory Note (the “Note”) in the amount of One Hundred Ten Thousand and NO/100 Dollars ($ 110,000 The Note accrued interest at 12% if paid within 60 days and thereafter 15% compounding monthly. The Note was convertible, in whole or in part, at any time and from time to time before maturity (June 9, 2021) at the option of the holder. The conversion price for the principal and interest in connection with voluntary conversions by the Holder was 60% multiplied by the Market Price (as defined herein)(representing a discount rate of 40%), subject to adjustment as described herein Conversion Price 20 | NOTE L – RELATED PARTY TRANSACTIONS During the period January 1, 2018 to August 7, 2018 (the date of Deep Green’s cessation of its waste recycling business), Deep Green used an entity controlled by Deep Green’s then Chief Executive Officer as a subcontractor to service certain customers of Deep Green. Charges to cost of revenues from this related party totaled $ 29,190 57,600 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Subsequent Events [Abstract] | ||
SUBSEQUENT EVENTS | NOTE N – SUBSEQUENT EVENTS 4,000,000 98,000 On October 6, 2021, the Company issued Lloyd Spencer, the Company’s Chief Executive Officer, 2,000,000 48,000 On October 6, 2021, the Company issued David Bradford, the Company’s Chief Operating Officer, 6,000,000 144,000 On October 6, 2021, the Company issued Bill Edmonds, the Company’s Chief Financial Officer, 2,000,000 48,000 2,000,000 Note Purchase Agreement On October 14, 2021, the Company (the “Borrower”) entered into a Note Purchase Agreement (“NPA”) with each of BHP Capital NY Inc. and Quick Capital, LLC (together, the “Investors”) and issued each of the Investors a Secured Convertible Promissory Note (the “Note”) in the amount of Six Hundred Sixty-Six Thousand Six Hundred Sixty-Seven and NO/100 Dollars ($ 666,667 0.01 one 1 10 The Note is guaranteed by the Company and its subsidiaries. The Note and the guarantees are secured by a pledge of substantially all of the assets of the Company and the guarantors. As part and parcel of the foregoing transaction, each of the Investors was issued 2,298,852 66,666,667 0.015 5 The Company agreed to file an initial registration statement on Form S-1 covering the maximum number of registrable securities within 14 days of the execution of the NPA. The Registration Statement on Form S-1 was filed with the Securities and Exchange Commission on October 28, 2021. On October 15, 2021, the Company issued 300,000 Closing of Securities Purchase Agreement On October 19, 2021, the Company closed on the Securities Purchase Agreement (the “Agreement”) with Jeremy Lyell (the “Shareholder”). In consideration for the purchase of all Lyell Environmental Services, Inc. shares from the Shareholder, the Company was to pay the Shareholder (i) $50,000 upon execution of the Agreement that was held in escrow, (ii) $1,300,000 at Closing, and (iii) 1,000,000 shares of the Company’s common stock. Under the amended Agreement (the “Amended Agreement”), the Company paid to the Shareholder (i) the $50,000 paid upon execution of the Agreement and that was held in escrow, (ii) $1,000,000 at Closing, and (iii) 1,000,000 shares of the Company’s common stock. The Company also issued the Shareholder a Promissory Note (the “Promissory Note”) in the amount of $186,537.92. The Promissory Note accrues interest at 7% per annum and is due on December 18, 2021. The transaction closed on October 19, 2021 . On December 18, 2021, the Company and Shareholder agreed to extend the due date for the Promissory Note for 30 days. As of the date of this filing, the Company has failed to make the payment due under the terms of the Promissory Note or extension and is thus in technical default. On October 22, 2021, Deep Green Waste & Recycling, Inc. signed a non-binding Letter of Intent with a debris hauling company in the State of Georgia with respect to a proposed transaction in which Deep Green would purchase all the assets used or useful in the operation of the debris hauling company’s business. The proposed transaction was terminated by both parties. On November 18, 2021, the Company issued a noteholder 1,800,000 18,000 The $ 12,600 30,600 1,800,000 shares over the $ 18,000 On November 18, 2021, the Company issued a noteholder 3,000,000 30,000 The $ 21,000 51,000 3,000,000 shares over the $ 30,000 On December 1, 2021, the Company issued a noteholder 2,082,128 18,000 The $ 3,862 28,162 2,082,128 shares over the $ 18,000 On December 13, 2021, the Company issued a noteholder 2,448,980 18,000 The $ 10,163 28,163 2,448,980 shares over the $ 18,000 On December 13, 2021, the Company issued a noteholder 4,264,392 30,000 The $ 19,041 49,041 4,264,392 shares over the $ 30,000 On December 20, 2021, the Company issued a noteholder 5,714,286 33,333 6,667 The $ 18,857 58,857 5,714,286 shares over the $ 40,000 On December 21, 2021, the Company entered into a Letter of Intent (“LOI”) with FoamShield, Inc. (the “Seller”) whereby the Company would acquire all the assets used or useful in the operation of the Seller’s business, including all of the tangible and intangible assets owned by the principals of the Seller. As consideration for the acquisition of the assets, the Company shall issue the Seller 2,000,000 shares of common stock and a 4% royalty payment on all collected net sales revenues of the FoamShield product. The Company is completing its customary due diligence at this time. Closing is anticipated to occur on or before February 1, 2022. On January 4, 2022, the Company issued a noteholder 5,673,765 32,667 The $ 21,234 53,901 5,673,765 shares over the $ 32,667 On January 4, 2022, the Company issued a noteholder 6,802,721 39,167 The $ 25,459 64,626 6,802,721 shares over the $ 39,167 On January 6, 2022, the Company issued a noteholder 9,070,295 50,794 The $ 19,047 69,841 9,070,295 shares over the $ 50,794 On January 10, 2022, the Company issued a noteholder 5,714,286 30,000 The $ 15,143 45,143 5,714,286 shares over the $ 30,000 On January 12, 2022, the Company issued a noteholder 5,714,286 30,000 The $ 10,000 40,000 5,714,286 shares over the $ 30,000 | NOTE M - SUBSEQUENT EVENTS Asset Purchase Agreement On February 8, 2021, the Company, through its wholly owned subsidiary DG Research, Inc. (the “Buyer”), entered into an Asset Purchase Agreement (the “Agreement”) with Amwaste, Inc. (the “Seller”). Under the terms of the Agreement, the Buyer has agreed to purchase from the Seller certain assets (the “Assets”) utilized in the Seller’s waste management business located in Glynn County, Georgia. In consideration for the purchase of the Assets, the Buyer shall pay the seller $ 150,000 2,000,000 50,000 110,000 The Note principal shall be reduced by $10,000 if the Note is paid in full on or before March 8, 2021. 2,000,000 Issuance of Convertible Notes On February 5, 2021, the Company issued GPL Ventures, LLC (“GPL”) a Convertible Promissory Note (the “Note”) in the amount of Seventy-Five Thousand and NO/100 Dollars ($ 75,000 The Note is convertible, in whole or in part, at any time and from time to time before maturity ( February 5, 2022 0.01 60 20 1 10 The Company and GPL also entered into a Registration Rights Agreement (“RRA”) that provided for the Company to file a Registration Statement with the SEC covering the resale of up to 10,000,000 shares underlying the Note and to have filed such Registration Statement within 30 days of the RRA. In the event that the Company doesn’t maintain the registration requirements provided for in the RRA, the Company is obligated to pay GPL certain payments for such failures. The transaction closed on February 10, 2021. On February 5, 2021, the Company issued Quick Capital, LLC (“Quick”) a Convertible Promissory Note (the “Note”) in the amount of Twenty-Five Thousand and NO/100 Dollars ($ 25,000 The Note is convertible, in whole or in part, at any time and from time to time before maturity ( February 5, 2022 0.01 60 20 1 10 The Company and Quick also entered into a Registration Rights Agreement (“RRA”) that provided for the Company to file a Registration Statement with the SEC covering the resale of up to 10,000,000 shares underlying the Note and to have filed such Registration Statement within 30 days of the RRA. In the event that the Company doesn’t maintain the registration requirements provided for in the RRA, the Company is obligated to pay Quick certain payments for such failures. The transaction closed on February 12, 2021. On March 2, 2021, the Company issued GPL Ventures, LLC (“GPL”) a Convertible Promissory Note (the “Note”) in the amount of Fifty Thousand and NO/100 Dollars ($ 50,000 The Note is convertible, in whole or in part, at any time and from time to time before maturity ( March 2, 2022 0.01 60 20 1 10 The Company and GPL also entered into a Registration Rights Agreement (“RRA”) that provided for the Company to file a Registration Statement with the SEC covering the resale of up to 10,000,000 shares underlying the Note and to have filed such Registration Statement within 30 days of the RRA. In the event that the Company doesn’t maintain the registration requirements provided for in the RRA, the Company is obligated to pay GPL certain payments for such failures. The transaction closed on March 9, 2021. Issuance of Common Stock On February 17, 2021, the Company issued Lloyd Spencer (Company CEO) 1,616,379 850,000 766,379 see NOTE J - COMMITMENTS AND CONTINGENCIES On February 17, 2021, the Company issued Bill Edmonds (Company CFO) 766,379 see NOTE J - COMMITMENTS AND CONTINGENCIES Consulting Agreement On February 12, 2021, the Company entered into a Consulting Agreement (the “Agreement”) with Sylios Corp (the “Consultant”) for preparation of the Company’s financial reports. Under the terms of the Agreement, the Consultant is to assist the Company in the preparation of its Annual Report on Form 10-K and its Registration Statement on Form S-1. The Agreement shall have a term of three (3) months or until the Company’s Registration Statement on Form S-1 is filed with the Securities and Exchange Commission. As compensation, the Consultant, or its designee, shall receive 750,000 On March 19, 2021, the Company issued 750,000 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Accounting Policies [Abstract] | ||
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States and have been consistently applied in the preparation of the financial statements. | Summary of Significant Accounting Policies This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States and have been consistently applied in the preparation of the financial statements. |
Interim Financial Statements | Interim Financial Statements The unaudited condensed financial statements of the Company for the three and nine month periods ended September 30, 2021 and 2020 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-K. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2020 was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 8, 2021. These financial statements should be read in conjunction with that report. | |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of Deep Green Waste & Recycling, Inc. (“Deep Green”), DGWR, LLC and Deep Green’s wholly owned subsidiaries, DG Research, Inc. and DG Treasury, Inc. All inter-company balances and transactions have been eliminated in consolidation. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) | Principles of Consolidation The consolidated financial statements include the accounts of Deep Green Waste & Recycling, Inc. (“Deep Green”) and Deep Green’s wholly owned subsidiaries, DGWR, LLC and DG Research, Inc DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
Cash Equivalents | Cash Equivalents Investments having an original maturity of 90 days or less that are readily convertible into cash are considered to be cash equivalents. For the periods presented, the Company had no cash equivalents. | Cash Equivalents Investments having an original maturity of 90 days or less that are readily convertible into cash are considered to be cash equivalents. For the periods presented, the Company had no cash equivalents. |
Income Taxes | Income Taxes In accordance with Accounting Standards Codification (ASC) 740 - Income Taxes, the provision for income taxes is computed using the asset and liability method. The asset and liability method measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts on the financial statements. The resulting deferred tax assets or liabilities are adjusted to reflect changes in tax laws as they occur. A valuation allowance is provided when it is not more likely than not that a deferred tax asset will be realized. We expect to recognize the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount to be recognized in the financial statements will be the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. As of September 30, 2021 and December 31, 2020, we had no uncertain tax positions. We recognize interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. We currently have no federal or state tax examinations nor have we had any federal or state examinations since our inception. To date, we have not incurred any interest or tax penalties. | Income Taxes In accordance with Accounting Standards Codification (ASC) 740 - Income Taxes, the provision for income taxes is computed using the asset and liability method. The asset and liability method measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts on the financial statements. The resulting deferred tax assets or liabilities are adjusted to reflect changes in tax laws as they occur. A valuation allowance is provided when it is not more likely than not that a deferred tax asset will be realized. We expect to recognize the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount to be recognized in the financial statements will be the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. As of December 31, 2020, we had no uncertain tax positions. We recognize interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. We currently have no federal or state tax examinations nor have we had any federal or state examinations since our inception. To date, we have not incurred any interest or tax penalties. |
Financial Instruments and Fair Value of Financial Instruments | Financial Instruments and Fair Value of Financial Instruments We adopted ASC Topic 820, Fair Value Measurements and Disclosures ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC Topic 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. Except for the derivative liability (see NOTE H For nonrecurring fair value measurements of issuances of common stock for services and in satisfaction of convertible notes payable and accrued interest (see NOTE I DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) | Financial Instruments and Fair Value of Financial Instruments We adopted ASC Topic 820, Fair Value Measurements and Disclosures ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC Topic 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. Except for the derivative liability (see NOTE G For nonrecurring fair value measurements of issuances of common stock for services (see NOTE H DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
Derivative Liabilities | Derivative Liabilities We evaluate convertible notes payable, stock options, stock warrants and other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. | Derivative Liabilities We evaluate convertible notes payable, stock options, stock warrants and other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets The Company’s long-lived assets (consisting primarily of property, equipment and intangible assets) are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Through September 30, 2021, the Company has not experienced impairment losses on its long-lived assets. | Impairment of Long-Lived Assets The Company’s long-lived assets (consisting primarily of property and equipment) are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Through December 31, 2020, the Company has not experienced impairment losses on its long-lived assets. |
Property and Equipment | Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Routine maintenance and repairs and minor replacement costs are charged to expense as incurred, while expenditures that extend the life of these assets are capitalized. Depreciation and amortization are provided for in amounts sufficient to write off the cost of depreciable assets to operations over their estimated service lives. The Company uses the straight-line method of depreciation for both financial reporting and tax purposes. Upon the sale or retirement of property and equipment, the cost and related accumulated depreciation and amortization will be removed from the accounts and the resulting profit or loss will be reflected in the statement of operations. The estimated lives used to determine depreciation and amortization are: SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT Trucks 5 Containers 5 Software 2 3 Office Equipment 3 7 Furniture and Fixtures 8 Waste and Recycling Equipment 5 Leasehold Improvements Varies by Lease DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) | Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Routine maintenance and repairs and minor replacement costs are charged to expense as incurred, while expenditures that extend the life of these assets are capitalized. Depreciation and amortization are provided for in amounts sufficient to write off the cost of depreciable assets to operations over their estimated service lives. The Company uses the straight-line method of depreciation method for both financial reporting and tax purposes. Upon the sale or retirement of property and equipment, the cost and related accumulated depreciation and amortization will be removed from the accounts and the resulting profit or loss will be reflected in the statement of income. The estimated lives used to determine depreciation and amortization are: SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT Software 2 3 Office Equipment 3 7 Furniture and Fixtures 8 Waste and Recycling Equipment 5 Leasehold Improvements Varies by Lease DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
Equity Instruments Issued to Non-Employees for Acquiring Goods or Services | Equity Instruments Issued to Non-Employees for Acquiring Goods or Services Issuances of our common stock or warrants for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a “performance commitment” which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. Although situations may arise in which counter performance may be required over a period of time, the equity award granted to the party performing the service may be fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist if the instruments are fully vested on the date of agreement, we determine such date to be the measurement date and will record the estimated fair market value of the instruments granted as a prepaid expense and amortize such amount to expense over the contract period. When it is appropriate for us to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values. | Equity Instruments Issued to Non-Employees for Acquiring Goods or Services Issuances of our common stock or warrants for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a “performance commitment” which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. Although situations may arise in which counter performance may be required over a period of time, the equity award granted to the party performing the service may be fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist if the instruments are fully vested on the date of agreement, we determine such date to be the measurement date and will record the estimated fair market value of the instruments granted as a prepaid expense and amortize such amount to expense over the contract period. When it is appropriate for us to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values. |
Stock-Based Compensation | Stock-Based Compensation We account for share-based awards to employees in accordance with ASC 718 “Stock Compensation”. Under this guidance, stock compensation expense is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the estimated service period (generally the vesting period) on the straight-line attribute method. Share-based awards to non-employees are accounted for in accordance with ASC 505-50 “Equity”, wherein such awards are expensed over the period in which the related services are rendered. | Stock-Based Compensation We account for share-based awards to employees in accordance with ASC 718 “Stock Compensation”. Under this guidance, stock compensation expense is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the estimated service period (generally the vesting period) on the straight-line attribute method. Share-based awards to non-employees are accounted for in accordance with ASC 505-50 “Equity”, wherein such awards are expensed over the period in which the related services are rendered. |
Related Parties | Related Parties A party is considered to be related to us if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with us. Related parties also include our principal owners, our management, members of the immediate families of our principal owners and our management and other parties with which we may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties, or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests, is also a related party. | Related Parties A party is considered to be related to us if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with us. Related parties also include our principal owners, our management, members of the immediate families of our principal owners and our management and other parties with which we may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties, or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests, is also a related party. |
Revenue Recognition | Revenue Recognition Revenue is recognized when all of the following criteria are met: (1) persuasive evidence of an arrangement exists, (2) the price is fixed or determinable, (3) collectability is reasonably assured, and (4) delivery has occurred. | Revenue Recognition Revenue is recognized when all of the following criteria are met: (1) persuasive evidence of an arrangement exists, (2) the price is fixed or determinable, (3) collectability is reasonably assured, and (4) delivery has occurred. |
Advertising Costs | Advertising Costs Advertising costs, which were not significant for the periods presented, are expensed as incurred. | Advertising Costs Advertising costs, which were not significant for the periods presented, are expensed as incurred. |
Loss per Share | Loss per Share We compute net loss per share in accordance with FASB ASC 260. The ASC specifies the computation, presentation and disclosure requirements for loss per share for entities with publicly held common stock. Basic loss per share amounts are computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed on the basis of the weighted average number of common shares and dilutive securities (such as stock options, warrants and convertible securities) outstanding. Dilutive securities having an anti-dilutive effect on diluted net loss per share are excluded from the calculation. For the periods presented, we have excluded the shares issuable from the convertible notes payable (see NOTE G NOTE H NOTE I DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) | Loss per Share We compute net loss per share in accordance with FASB ASC 260. The ASC specifies the computation, presentation and disclosure requirements for loss per share for entities with publicly held common stock. Basic loss per share amounts are computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed on the basis of the weighted average number of common shares and dilutive securities (such as stock options, warrants and convertible securities) outstanding. Dilutive securities having an anti-dilutive effect on diluted net loss per share are excluded from the calculation. For the years ended December 31, 2020 and 2019, we have excluded the shares issuable from the convertible notes payable (see NOTE F NOTE H DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
Recently Enacted Accounting Standards | Recently Enacted Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which has superseded nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than was required under prior U.S. GAAP. We adopted ASU 2014-09 effective January 1, 2018. ASU 2014-09 has not had any significant effect on our financial statements for the periods presented. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), to provide guidance on recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements, specifically differentiating between different types of leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from all leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous GAAP. There continues to be a differentiation between finance leases and operating leases. However, the principal difference from previous guidance is that the lease assets and lease liabilities arising from operating leases should be recognized in the balance sheet. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. We adopted ASU 2016-02 effective January 1, 2019. ASU No. 2016-02 has not had any significant effect on our financial statements for the periods presented. On July 13, 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (“ASU”) 2017-11. Among other things, ASU 2017-11 provides guidance that eliminates the requirement to consider “down round” features when determining whether certain financial instruments or embedded features are indexed to an entity’s stock and need to be classified as liabilities. ASU 2017-11 provides for entities to recognize the effect of a down round feature only when it is triggered and then as a dividend and a reduction to income available to common stockholders in basic earnings per share. The guidance was effective for annual periods beginning after December 15, 2018; early adoption was permitted. The Company early adopted ASU 2017-11. As a result, we have not recognized the fair value of any warrants containing down round features as liabilities. Please see NOTE I - CAPITAL STOCK | Recently Enacted Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than was required under prior U.S. GAAP. We adopted ASU 2014-09 effective January 1, 2018. ASU 2014-09 has not had any significant effect on our Financial statements for the periods presented. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), to provide guidance on recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements, specifically differentiating between different types of leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from all leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous GAAP. There continues to be a differentiation between finance leases and operating leases. However, the principal difference from previous guidance is that the lease assets and lease liabilities arising from operating leases should be recognized in the balance sheet. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. We adopted ASU 2016-02 effective January 1, 2019. ASU No. 2016-02 has not had any significant effect on our Financial statements for the periods presented. On July 13, 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (“ASU”) 2017-11. Among other things, ASU 2017-11 provides guidance that eliminates the requirement to consider “down round” features when determining whether certain financial instruments or embedded features are indexed to an entity’s stock and need to be classified as liabilities. ASU 2017-11 provides for entities to recognize the effect of a down round feature only when it is triggered and then as a dividend and a reduction to income available to common stockholders in basic earnings per share. The guidance is effective for annual periods beginning after December 15, 2018; early adoption is permitted. The Company has early adopted ASU 2017-11. As a result, we have not recognized the fair value of the warrants containing down round features as liabilities. Please see NOTE H - CAPITAL STOCK |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2020 and 2019 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. Financial instruments included in the Company’s financial statements include cash, accounts payable and accrued expenses, accrued interest payable and debt. Unless otherwise disclosed in the notes to the financial statements, the carrying value of financial instruments is considered to approximate fair value due to the short maturity and characteristics of those instruments. The carrying value of debt approximates fair value as terms approximate those currently available for similar debt instruments. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Accounting Policies [Abstract] | ||
SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT | SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT Trucks 5 Containers 5 Software 2 3 Office Equipment 3 7 Furniture and Fixtures 8 Waste and Recycling Equipment 5 Leasehold Improvements Varies by Lease | SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT Software 2 3 Office Equipment 3 7 Furniture and Fixtures 8 Waste and Recycling Equipment 5 Leasehold Improvements Varies by Lease |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | ||
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and Equipment consist of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2021 (Unaudited) December 31, 2020 Trucks $ 90,832 $ - Containers 112,378 - Software 99,025 99,025 Office equipment 60,974 60,974 Furniture and Fixtures 948 948 Waste and Recycling Equipment 20,972 18,800 Total 385,129 179,747 Accumulated depreciation and amortization (197,806 ) (169,949 ) Net $ 187,323 $ 9,798 | Property and Equipment consist of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT December 31, 2020 December 31, 2019 Software 99,025 99,025 Office equipment 60,974 60,974 Furniture and Fixtures 948 948 Waste and Recycling Equipment 18,800 18,800 Leasehold Improvements - 2,100 Total 179,747 181,847 Accumulated depreciation and amortization (169,949 ) (161,058 ) Net $ 9,798 $ 20,789 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
SCHEDULE OF INTANGIBLE ASSETS | Intangible assets consist of the following at: SCHEDULE OF INTANGIBLE ASSETS September 30, 2021 (Unaudited) December 31, 2020 Customer list and covenant not to compete acquired in connection with the Asset Purchase Agreement with Amwaste, Inc. closed on February 11, 2021 $ 109,000 $ Total 109,000 - Accumulated amortization (13,767 ) - Net $ 95,233 $ - |
SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS | At September 30, 2021, the expected future amortization of intangible assets expense is: SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS Amount Fiscal year ending December 31: 2021 (excluding the nine months ended September 30, 2021) $ 5,450 2022 21,800 2023 21,800 2024 21,800 2025 21,800 Thereafter 2,583 Total $ 95,233 |
ACCOUNTS PAYABLE (Tables)
ACCOUNTS PAYABLE (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Payables and Accruals [Abstract] | ||
SCHEDULE OF ACCOUNTS PAYABLE | Accounts payable consist of the following at: SCHEDULE OF ACCOUNTS PAYABLE September 30, 2021 December 31, 2020 August 1, 2018 Default Judgment payable to Ohio vendor $ 37,536 $ 32,832 January 14, 2019 Default Judgment payable to Tennessee customer 423,152 423,152 January 24, 2019 Default judgment payable to Florida vendor 31,631 31,631 Other vendors of materials and services 2,266,554 2,241,043 Credit card obligations 220,306 220,306 Total $ 2,979,179 $ 2,948,964 | Accounts payable consist of the following at: SCHEDULE OF ACCOUNTS PAYABLE December 31, 2020 December 31, 2019 August 1, 2018 Default Judgment payable to Ohio vendor $ 32,832 $ 32,832 January 14, 2019 Default Judgment payable to Tennessee customer 423,152 423,152 January 24, 2019 Default judgment payable to Florida vendor 31,631 31,631 Other vendors of materials and services 2,241,043 2,211,707 Credit card obligations 220,306 220,306 Total $ 2,948,964 $ 2,919,628 |
DEBT (Tables)
DEBT (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Debt Disclosure [Abstract] | ||
SCHEDULE OF DEBT | Debt consists of the following at: SCHEDULE OF DEBT September 30, 2021 December 31, 2020 Note payable to Seller of CARE dated October 20, 2017, interest at 7% per annum, payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default (1) $ - $ 315,810 Note payable to Seller of CARE dated October 20, 2017, interest at 7 payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default $ - $ 315,810 Note payable to Seller of CFSI dated October 20, 2017, interest at 7 payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default - 179,190 Claimed amount due to Factor (AEC Yield Capital, LLC) pursuant to Factor’s Notice of Default dated July 31, 2018 387,535 387,535 Short-term capital lease- 5 compactor leases (in technical default) 5,574 5,574 Loans payable to officers and directors, non-interest bearing, due on demand 104,377 - Other 28,368 8,475 Total 525,854 896,584 Current portion of debt (525,854 ) (896,584 ) Long-term portion of debt $ - $ - (1) On September 16, 2021, the Company entered into a Release and Settlement Agreement (the “Settlement Agreement”) with Gordon Boorse pertaining to the outstanding principal and interest outstanding on the Notes issued by the Company in the purchase of Compaction and Recycling Equipment, Inc. (the “CARE Note”) and Columbia Financial Services, Inc, (the “CFSI Note”). Under the terms of the Settlement Agreement, the Company abandoned all claims against Boorse with respect to its purchase of CARE and CFSI, and Boorse forgave the outstanding principal ($ 495,000 157,995 | SCHEDULE OF DEBT December 31, 2020 December 31, 2019 Note payable to Seller of CARE dated October 20, 2017, interest at 7% per annum, payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default (1) $ 315,810 $ 315,810 Note payable to Seller of CFSI dated October 20, 2017, interest at 7% per annum, payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default (1) 179,190 179,190 Claimed amount due to Factor pursuant to Factor’s Notice of Default dated July 31, 2018 387,535 387,535 Short-term capital lease 5,574 5,574 Loans payable to officers, noninterest bearing, due on demand 8,475 - Total 896,584 888,109 Current portion of debt (896,584 ) (764,359 ) Long-term portion of debt $ - $ 123,750 (1) The Company disputes these liabilities based on Seller’s misrepresentations in connection with the sale of CARE and CFSI to Deep Green effective October 1, 2017. The Company has not made any of the payments required under these notes. |
CONVERTIBLE NOTES PAYABLE (Tabl
CONVERTIBLE NOTES PAYABLE (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Debt Disclosure [Abstract] | ||
SCHEDULE OF CONVERTIBLE NOTE PAYABLE | Convertible Notes Payable consist of: SCHEDULE OF CONVERTIBLE NOTE PAYABLE September 30, 2021 December 31, 2020 Unsecured Convertible Promissory Note payable to GPL Ventures, LLC: Issue date June 23, 2020 – net of unamortized debt discount of $0 and $5,238 at September 30, 2021 and December 31, 2020, respectively (i) $ - $ 10,762 Unsecured Convertible Promissory Note payable to GPL Ventures, LLC: Issue date June 23, 2020 – net of unamortized debt discount of $ 0 5,238 $ - $ 10,762 Unsecured Convertible Promissory Note payable to Labrys Fund, LP: Issue date July 2, 2021 – net of unamortized debt discount of $ 53,556 0 46,444 - Total $ 46,444 $ 10,762 (i) On June 23, 2020, the Company issued GPL Ventures LLC (“GPL”) a Convertible Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 June 23, 2021 0.01 60% 20 1 10% DEEP GREEN WASTE & RECYCLING, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2021 and 2020 (Unaudited) NOTE G – CONVERTIBLE NOTES PAYABLE (continued) (ii) On July 2, 2021, the Company entered into a Securities Purchase Agreement (“SPA”) with Labrys Fund, LP (“Labrys”) and issued Labrys a Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 July 2, 2022 0.015 1,750 1 12% 5,000,000 0.02 5 1,000,000 100,000 2,959 | Convertible Notes Payable consist of: SCHEDULE OF CONVERTIBLE NOTE PAYABLE December 31, December 31, Unsecured Convertible Promissory Note payable to Armada Investment Fund, LLC: Issue date March 12, 2020 – net of unamortized debt discount of $ 0 0 $ - $ Unsecured Convertible Promissory Note payable to GPL Ventures, LLC: Issue date June 23, 2020 – net of unamortized debt discount of $ 5,238 0 10,762 - Total $ 10,762 $ - (i) On March 12, 2020, the Company issued to Armada Investment Fund, LLC (“ARMADA”) a Convertible Promissory Note (the “Note”) in the amount of Twenty-Three Thousand and NO/100 Dollars ($ 23,000 8% 18% January 13, 2021 The Note was convertible, in whole or in part, at any time and from time to time before maturity (January 13, 2021) at the option of the holder at the Variable Conversion Price, which is equal to the lesser of (i) 60% 20 (ii) On June 23, 2020, the Company issued GPL Ventures LLC (“GPL”) a Convertible Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 The Note is convertible, in whole or in part, at any time and from time to time before maturity (June 23, 2021) at the option of the holder at the Conversion Price that shall equal the lesser of a) $ 0.01 60% 20 10% 16,000 2,169 |
DERIVATIVE LIABILITY (Tables)
DERIVATIVE LIABILITY (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
SCHEDULE OF DERIVATIVE LIABILITY | The derivative liability at September 30, 2021 and December 31, 2020 consisted of: SCHEDULE OF DERIVATIVE LIABILITY September 30, 2021 December 31, 2020 Convertible Promissory Note payable to GPL Ventures, LLC. Please see NOTE G – CONVERTIBLE NOTES PAYABLE $ $ 43,444 Total $ - $ 43,444 | The derivative liability at December 31, 2020 and December 31, 2019 consisted of: SCHEDULE OF DERIVATIVE LIABILITY December 31, December 31, Convertible Promissory Note payable to GPL Ventures, LLC. Please see NOTE F – CONVERTIBLE NOTES PAYABLE $ 43,444 $ - Total $ 43,444 $ - |
CAPITAL STOCK (Tables)
CAPITAL STOCK (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Equity [Abstract] | ||
SUMMARY OF WARRANTS AND OPTIONS ACTIVITY | A summary of warrants and options activity follows: SUMMARY OF WARRANTS AND OPTIONS ACTIVITY Shares Equivalent Options Warrants Total Balance, December 31, 2020 - 80,000 80,000 Warrants expired on February 19, 2021 - (30,000 ) (30,000 ) Warrants expired on March 16, 2021 - (50,000 ) (50,000 ) Warrant issued on July 2, 2021 (i) - 5,000,000 5,000,000 Cashless exercise of warrant on September 21, 2021 - (5,000,000 ) (5,000,000 ) Balance, September 30, 2021 - - - (i) On July 2, 2021, the Company entered into a Securities Purchase Agreement (“SPA”) with Labrys Fund, LP (“Labrys”) and issued Labrys a Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 ). The Note is convertible, in whole or in part, at any time and from time to time before maturity (July 2, 2022) at the option of the holder at the Conversion Price that shall equal $ 0.015 . If at any time the Conversion Price as determined hereunder for any conversion would be less than the par value of the Common Stock, then at the sole discretion of the Holder, the Conversion Price hereunder may equal such par value for such conversion and the Conversion Amount for such conversion may be increased to include Additional Principal, where “Additional Principal” means such additional amount to be added to the Conversion Amount to the extent necessary to cause the number of conversion shares issuable upon such conversion to equal the same number of conversion shares as would have been issued had the Conversion Price not been adjusted by the Holder to the par value price. The Conversion Price is subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events. Holder shall be entitled to deduct $ 1,750.00 from the conversion amount in each Notice of Conversion to cover Holder’s fees associated with each Notice of Conversion. The Note has a term of one (1) year and bears interest at 12 5,000,000 0.02 5 4,512,497 | A summary of warrants and options activity follows: SUMMARY OF WARRANTS AND OPTIONS ACTIVITY Shares Equivalent Options Warrants Total Balance, December 31, 2018 and 2019 - 6,290,431 6,290,431 Warrants (exercisable at $0.04 per share) issued to an investor in connection with the sale of a $23,000 Convertible Promissory Note on March 12, 2020 (i) - 262,500 262,500 Warrants (exercisable at $ 0.04 23,000 - 262,500 262,500 Warrants expired on June 20, 2020 (5,000,000 ) (5,000,000 ) Cashless exercise of warrants on August 19, 2020 - (262,500 ) (262,500 ) Warrants expired in October 2020 - (700,000 ) (700,000 ) Warrants expired in November 2020 - (510,431 ) (510,431 ) Balance, December 31, 2020 - 80,000 80,000 (i) On March 12, 2020, the Company issued to Armada Investment Fund, LLC (“ARMADA”) a Convertible Promissory Note (the “Note”) in the amount of Twenty-Three Thousand and NO/100 Dollars ($ 23,000 262,500 |
SUMMARY OF WARRANTS AND OUTSTANDING | The following table summarizes information about warrants outstanding as of December 31, 2020: SUMMARY OF WARRANTS AND OUTSTANDING Number Outstanding At December 31, 2020 Exercise Price Expiration Date 30,000 $ 0.175 February 19, 2021 50,000 $ 0.175 March 16, 2021 80,000 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
SCHEDULE OF PROVISION FOR (BENEFIT FROM) INCOME TAXES | SCHEDULE OF PROVISION FOR (BENEFIT FROM) INCOME TAXES Three Months Ended Nine Months Ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Expected tax at 21% $ 56,401 $ (42,175 ) $ (166,174 ) $ (95,794 ) Expected tax at 21 $ 56,401 $ (42,175 ) $ (166,174 ) $ (95,794 ) Non-deductible stock-based compensation 3,532 3,941 13,383 10,997 Non-deductible derivative liability expense (income) (76,947 ) (32,839 ) (97,418 ) (16,770 ) Non-deductible amortization of debt discounts 33,119 19,581 99,281 22,689 Non-deductible loss on conversions of notes payable and accrued interest 74,429 24,077 167,423 24,077 Increase (decrease) in Valuation allowance (90,534 ) 27,415 (16,495 ) 54,801 Provision for (benefit from) income taxes $ - $ - $ - $ - | SCHEDULE OF PROVISION FOR (BENEFIT FROM) INCOME TAXES December 31, 2020 December 31, 2019 Year Ended December 31, 2020 December 31, 2019 Expected tax at 21% $ (153,840 ) $ (19,399 ) Non-deductible stock-based compensation 57,151 - Non-taxable derivative liability income (16,077 ) - Non-deductible loss on conversions of convertible notes payable 28,982 - Non-deductible amortization of debt discounts 24,495 - Increase (decrease) in Valuation allowance 59,289 19,399 Provision for (benefit from) income taxes $ - $ - |
ORGANIZATION (Details Narrative
ORGANIZATION (Details Narrative) - USD ($) | Aug. 11, 2021 | Feb. 17, 2021 | Feb. 08, 2021 | Dec. 29, 2020 | Nov. 27, 2020 | Sep. 23, 2020 | Aug. 17, 2020 | Aug. 06, 2020 | Jul. 27, 2020 | Oct. 01, 2017 | Sep. 27, 2017 | Aug. 24, 2017 | Sep. 30, 2021 | Jul. 11, 2021 | Jul. 10, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Aug. 07, 2018 | Oct. 20, 2017 |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Number of common stock issued | $ 41,051 | $ 163,000 | $ 48,000 | $ 60,000 | $ 26,778 | $ 72,800 | |||||||||||||
Common stock shares authorized | 500,000,000 | 500,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | ||||||||||||||
Preferred stock shares authorized | 5,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||
Escrow Deposit | $ 51,000 | ||||||||||||||||||
Common Stock, Value, Issued | $ 20,001 | $ 12,984 | $ 10,505 | ||||||||||||||||
Debt Instrument, Face Amount | $ 16,000 | $ 24,000 | $ 40,000 | $ 7,000 | $ 20,000 | ||||||||||||||
Chief Executive Officer [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 1,616,379 | ||||||||||||||||||
Georgia Limited Liability Company [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Reverse stock split description | reverse stock split of 1 share for 1000 shares | ||||||||||||||||||
Number of shares acquired for exchange | 85,000,000 | ||||||||||||||||||
Compaction And Recycling Equipment Inc [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Business acquisition, percentage of voting interests acquired | 100.00% | ||||||||||||||||||
Number of common stock issued | $ 902,700 | ||||||||||||||||||
Cash | 586,890 | ||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | ||||||||||||||||||
Compaction And Recycling Equipment Inc [Member] | Promissory Note [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Debt | $ 315,810 | ||||||||||||||||||
CFSI [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Business acquisition, percentage of voting interests acquired | 100.00% | ||||||||||||||||||
Number of common stock issued | $ 597,300 | ||||||||||||||||||
Cash | 418,110 | ||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | ||||||||||||||||||
CFSI [Member] | Promissory Note [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Debt | $ 179,190 | ||||||||||||||||||
Georgia Limited Liability Company [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Reverse stock split description | reverse stock split of 1 share for 1000 shares | ||||||||||||||||||
Agreement [Member] | St. James Capital Management, LLC. [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Cancellation of shares | 3,000,000 | ||||||||||||||||||
Reverse stock split description | reverse stock split of 1 share for 1000 shares | ||||||||||||||||||
Agreement [Member] | Mirabile Corporate Holdings, Inc. [Member] | Chief Executive Officer [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Equity ownership interest percentage | 7.50% | ||||||||||||||||||
Asset Purchase Agreement [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Common stock shares authorized | 500,000,000 | 250,000,000 | |||||||||||||||||
Preferred stock shares authorized | 5,000,000 | 2,000,000 | |||||||||||||||||
Asset Purchase Agreement [Member] | DG Research, Inc [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Stock Issued During Period, Value, Restricted Stock Award, Gross | $ 160,000 | ||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 2,000,000 | ||||||||||||||||||
[custom:RemittedAmount] | $ 50,000 | ||||||||||||||||||
Proceeds from Notes Payable | $ 110,000 | ||||||||||||||||||
Maturity date | Apr. 9, 2021 | ||||||||||||||||||
Securities Purchase Agreement [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Escrow Deposit | $ 50,000 | ||||||||||||||||||
Common Stock, Value, Issued | 1,300,000 | ||||||||||||||||||
[custom:CommonStockShares-0] | 1,000,000 | ||||||||||||||||||
Amended Agreement [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Escrow Deposit | 50,000 | ||||||||||||||||||
Common Stock, Value, Issued | 1,000,000 | ||||||||||||||||||
[custom:CommonStockShares-0] | $ 1,000,000 | ||||||||||||||||||
Amended Agreement [Member] | Promissory Note [Member] | |||||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||||||
Maturity date | Dec. 18, 2021 | ||||||||||||||||||
Debt Instrument, Face Amount | $ 186,537.92 | ||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% |
SCHEDULE OF ESTIMATED USEFUL LI
SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT (Details) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Trucks [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment | 5 years | |
Containers [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment | 5 years | |
Software and Software Development Costs [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment | 2 years | 2 years |
Software and Software Development Costs [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment | 3 years | 3 years |
Office Equipment [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment | 3 years | 3 years |
Office Equipment [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment | 7 years | 7 years |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment | 8 years | 8 years |
Waste and Recycling Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment | 5 years | 5 years |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Lives of Property and Equipment description | Varies by Lease | Varies by Lease |
SCHEDULE OF PROPERTY AND EQUIPM
SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Property, Plant and Equipment [Line Items] | |||
Total | $ 385,129 | $ 179,747 | $ 181,847 |
Accumulated depreciation and amortization | (197,806) | (169,949) | (161,058) |
Net | 187,323 | 9,798 | 20,789 |
Trucks [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total | 90,832 | ||
Containers [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total | 112,378 | ||
Software and Software Development Costs [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total | 99,025 | 99,025 | 99,025 |
Office Equipment [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total | 60,974 | 60,974 | 60,974 |
Furniture and Fixtures [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total | 948 | 948 | 948 |
Waste and Recycling Equipment [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total | $ 20,972 | 18,800 | 18,800 |
Leasehold Improvements [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total | $ 2,100 |
SCHEDULE OF INTANGIBLE ASSETS (
SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Finite-Lived Intangible Assets [Line Items] | ||
Total | $ 109,000 | |
Accumulated amortization | (13,767) | |
Net | 95,233 | |
Asset Purchase Agreement [Member] | Customer List and Covenant [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Total | $ 109,000 |
SCHEDULE OF FUTURE AMORTIZATION
SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS (Details) | Sep. 30, 2021USD ($) |
Goodwill and Intangible Assets Disclosure [Abstract] | |
2021 (excluding the nine months ended September 30, 2021) | $ 5,450 |
2022 | 21,800 |
2023 | 21,800 |
2024 | 21,800 |
2025 | 21,800 |
Thereafter | 2,583 |
Total | $ 95,233 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Estimated useful life of intangible assets | 5 years | |
Amortization of intangible assets expenses | $ 13,767 | $ 0 |
SCHEDULE OF ACCOUNTS PAYABLE (D
SCHEDULE OF ACCOUNTS PAYABLE (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Total | $ 2,979,179 | $ 2,948,964 | $ 2,919,628 |
August 1, 2018 Default Judgment Payable to Ohio Vendor [Member] | |||
Total | 37,536 | 32,832 | 32,832 |
January 14, 2019 Default Judgment Payable to Tennessee Customer [Member] | |||
Total | 423,152 | 423,152 | 423,152 |
January 24, 2019 Default Judgment Payable to Florida Vendor [Member] | |||
Total | 31,631 | 31,631 | 31,631 |
Other vendors of Materials and Services [Member] | |||
Total | 2,266,554 | 2,241,043 | 2,211,707 |
Credit Card Obligations [Member] | |||
Total | $ 220,306 | $ 220,306 | $ 220,306 |
SCHEDULE OF DEBT (Details)
SCHEDULE OF DEBT (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Oct. 20, 2017 | ||
Short-term Debt [Line Items] | ||||||
Total | $ 525,854 | $ 896,584 | $ 888,109 | |||
Current portion of debt | (525,854) | (896,584) | (764,359) | |||
Long-term portion of debt | 123,750 | |||||
Short-Term Capital Lease [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Total | 5,574 | 5,574 | 5,574 | |||
Loans Payable [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Total | 104,377 | |||||
Other [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Total | 28,368 | 8,475 | ||||
Factor [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Total | 387,535 | 387,535 | 387,535 | |||
Officer [Member] | Loans Payable [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Total | 8,475 | |||||
Compaction And Recycling Equipment Inc [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Total | [1] | 315,810 | [1] | 315,810 | ||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | |||||
CFSI [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Total | [1] | $ 179,190 | [1] | $ 179,190 | ||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | |||||
[1] | On September 16, 2021, the Company entered into a Release and Settlement Agreement (the “Settlement Agreement”) with Gordon Boorse pertaining to the outstanding principal and interest outstanding on the Notes issued by the Company in the purchase of Compaction and Recycling Equipment, Inc. (the “CARE Note”) and Columbia Financial Services, Inc, (the “CFSI Note”). Under the terms of the Settlement Agreement, the Company abandoned all claims against Boorse with respect to its purchase of CARE and CFSI, and Boorse forgave the outstanding principal ($ 495,000 157,995 |
SCHEDULE OF DEBT (Details) (Par
SCHEDULE OF DEBT (Details) (Parenthetical) - USD ($) | Apr. 09, 2021 | Oct. 20, 2017 | Sep. 16, 2021 | Dec. 29, 2020 | Sep. 23, 2020 | Aug. 17, 2020 | Aug. 06, 2020 | Jul. 27, 2020 |
Restructuring Cost and Reserve [Line Items] | ||||||||
Debt instrument, description | The Note accrued interest at 12% if paid within 60 days and thereafter 15% compounding monthly. The Note was convertible, in whole or in part, at any time and from time to time before maturity (June 9, 2021) at the option of the holder. The conversion price for the principal and interest in connection with voluntary conversions by the Holder was 60% multiplied by the Market Price (as defined herein)(representing a discount rate of 40%), subject to adjustment as described herein | |||||||
Principal amount | $ 16,000 | $ 24,000 | $ 40,000 | $ 7,000 | $ 20,000 | |||
Settlement Agreement [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Principal amount | $ 495,000 | |||||||
Accrued interest | $ 157,995 | |||||||
Compaction And Recycling Equipment Inc [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Debt instrument, interest rate | 7.00% | |||||||
Debt instrument, description | payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default | |||||||
CFSI [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Debt instrument, interest rate | 7.00% | |||||||
Debt instrument, description | payable in 16 quarterly installments of principal and interest commencing on January 1, 2018 and ending October 1, 2021, in technical default |
SCHEDULE OF CONVERTIBLE NOTE PA
SCHEDULE OF CONVERTIBLE NOTE PAYABLE (Details) | Jul. 02, 2021USD ($)$ / shares | Apr. 09, 2021 | Dec. 31, 2020USD ($)$ / shares | Jun. 23, 2020USD ($)d / TradingDays$ / shares | Mar. 12, 2020USD ($)d / TradingDays | Sep. 30, 2021USD ($) | Dec. 29, 2020USD ($) | Sep. 23, 2020USD ($) | Aug. 17, 2020USD ($) | Aug. 06, 2020USD ($) | Jul. 27, 2020USD ($) | Dec. 31, 2019USD ($) | |
Short-term Debt [Line Items] | |||||||||||||
Total | $ 10,762 | $ 46,444 | |||||||||||
Debt instrument, interest rate | 12.00% | ||||||||||||
Debt instrument, description | The Note accrued interest at 12% if paid within 60 days and thereafter 15% compounding monthly. The Note was convertible, in whole or in part, at any time and from time to time before maturity (June 9, 2021) at the option of the holder. The conversion price for the principal and interest in connection with voluntary conversions by the Holder was 60% multiplied by the Market Price (as defined herein)(representing a discount rate of 40%), subject to adjustment as described herein | ||||||||||||
Conversion price | $ / shares | $ 0.00906 | ||||||||||||
Principal amount | $ 16,000 | $ 24,000 | $ 40,000 | $ 7,000 | $ 20,000 | ||||||||
GPL Ventures LLC [Member] | |||||||||||||
Short-term Debt [Line Items] | |||||||||||||
Convertible promissory note | $ 100,000 | ||||||||||||
Debt instrument, default interest rate | 10.00% | ||||||||||||
Debt instrument, maturity date | Jun. 23, 2021 | ||||||||||||
Debt instrument, description | The Note is convertible, in whole or in part, at any time and from time to time before maturity (June 23, 2021) at the option of the holder at the Conversion Price that shall equal the lesser of a) $0.01 or b) Sixty Percent (60%) of the lowest Trading Price (defined below) during the Valuation Period (defined below), and the Conversion Amount shall be the amount of principal or interest electively converted in the Conversion Notice. | ||||||||||||
Trading percentage | 60.00% | ||||||||||||
Trading days | d / TradingDays | 20 | ||||||||||||
Conversion price | $ / shares | $ 0.01 | ||||||||||||
Principal amount | $ 16,000 | ||||||||||||
Interest expense debt | 2,169 | ||||||||||||
Labrys Fund LP [Member] | |||||||||||||
Short-term Debt [Line Items] | |||||||||||||
Convertible promissory note | $ 100,000 | ||||||||||||
Debt instrument, default interest rate | 12.00% | ||||||||||||
Debt instrument, maturity date | Jul. 2, 2022 | ||||||||||||
Conversion price | $ / shares | $ 0.015 | ||||||||||||
Principal amount | 100,000 | ||||||||||||
Armada Investment Fund L L C [Member] | |||||||||||||
Short-term Debt [Line Items] | |||||||||||||
Convertible promissory note | $ 23,000 | ||||||||||||
Debt instrument, interest rate | 8.00% | ||||||||||||
Debt instrument, default interest rate | 18.00% | ||||||||||||
Debt instrument, maturity date | Jan. 13, 2021 | ||||||||||||
Debt instrument, description | The Note was convertible, in whole or in part, at any time and from time to time before maturity (January 13, 2021) at the option of the holder at the Variable Conversion Price, which is equal to the lesser of (i) 60% multiplied by the lowest Trading Price during the previous twenty (20) Trading Days before the Issue Date of this Note (representing a discount rate of 40%) or (ii) 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). “Market Price” means the lowest Trading Price (as defined below) for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. | ||||||||||||
Trading percentage | 60.00% | ||||||||||||
Trading days | d / TradingDays | 20 | ||||||||||||
Unsecured Convertible Promissory Note [Member] | GPL Ventures LLC [Member] | |||||||||||||
Short-term Debt [Line Items] | |||||||||||||
Total | [1] | 10,762 | |||||||||||
Unsecured Convertible Promissory Note [Member] | Labrys Fund LP [Member] | |||||||||||||
Short-term Debt [Line Items] | |||||||||||||
Total | [2] | 46,444 | |||||||||||
Unsecured Convertible Promissory Note [Member] | Armada Investment Fund L L C [Member] | |||||||||||||
Short-term Debt [Line Items] | |||||||||||||
Total | |||||||||||||
Net of unamortized debt discount | 0 | 0 | |||||||||||
Unsecured Convertible Promissory Note One [Member] | GPL Ventures LLC [Member] | |||||||||||||
Short-term Debt [Line Items] | |||||||||||||
Total | 10,762 | ||||||||||||
Net of unamortized debt discount | 5,238 | $ 0 | $ 0 | ||||||||||
Unsecured Convertible Promissory Note One [Member] | Labrys Fund LP [Member] | |||||||||||||
Short-term Debt [Line Items] | |||||||||||||
Total | [2] | ||||||||||||
[1] | On June 23, 2020, the Company issued GPL Ventures LLC (“GPL”) a Convertible Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 June 23, 2021 0.01 60% 20 1 10% | ||||||||||||
[2] | On July 2, 2021, the Company entered into a Securities Purchase Agreement (“SPA”) with Labrys Fund, LP (“Labrys”) and issued Labrys a Promissory Note (the “Note”) in the amount of One Hundred Thousand and NO/100 Dollars ($ 100,000 July 2, 2022 0.015 1,750 1 12% 5,000,000 0.02 5 1,000,000 100,000 2,959 |
SCHEDULE OF CONVERTIBLE NOTE _2
SCHEDULE OF CONVERTIBLE NOTE PAYABLE (Details) (Parenthetical) | Jul. 08, 2021shares | Jul. 02, 2021USD ($)$ / sharesshares | Jul. 02, 2021USD ($)$ / sharesshares | Dec. 30, 2020shares | Dec. 29, 2020USD ($)shares | Nov. 27, 2020shares | Sep. 23, 2020USD ($)shares | Aug. 18, 2020shares | Aug. 17, 2020USD ($)shares | Aug. 06, 2020USD ($)shares | Jul. 27, 2020USD ($)shares | Jun. 23, 2020USD ($)d / TradingDays$ / shares | Sep. 30, 2021USD ($)shares | Dec. 31, 2020USD ($)$ / shares | Mar. 12, 2020$ / shares | Dec. 31, 2019USD ($) |
Short-term Debt [Line Items] | ||||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 0.00906 | |||||||||||||||
Debt Conversion, Converted Instrument, Amount | $ 1,267,745 | |||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.04 | |||||||||||||||
Warrants and Rights Outstanding, Term | 5 years | 5 years | ||||||||||||||
Stock Issued During Period, Shares, New Issues | shares | 10,000,000 | 1,769,447 | 10,000,000 | 4,000,000 | 262,481 | 4,000,000 | 892,592 | 2,000,000 | 207,578 | |||||||
Debt Instrument, Face Amount | $ 16,000 | $ 24,000 | $ 40,000 | $ 7,000 | $ 20,000 | |||||||||||
GPL Ventures LLC [Member] | ||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||
Convertible Debt | $ 100,000 | |||||||||||||||
Debt Instrument, Maturity Date | Jun. 23, 2021 | |||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 0.01 | |||||||||||||||
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger | 60.00% | |||||||||||||||
Debt Instrument, Convertible, Threshold Trading Days | d / TradingDays | 20 | |||||||||||||||
Debt Instrument, Term | 1 year | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | |||||||||||||||
Debt Instrument, Face Amount | $ 16,000 | |||||||||||||||
Labrys Fund LP [Member] | ||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||
Convertible Debt | $ 100,000 | $ 100,000 | ||||||||||||||
Debt Instrument, Maturity Date | Jul. 2, 2022 | |||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 0.015 | $ 0.015 | ||||||||||||||
Debt Instrument, Term | 1 year | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | ||||||||||||||
Debt Conversion, Converted Instrument, Amount | $ 1,750 | |||||||||||||||
Warrants purchased | shares | 5,000,000 | 5,000,000 | ||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.02 | $ 0.02 | ||||||||||||||
Warrants and Rights Outstanding, Term | 5 years | 5 years | ||||||||||||||
Stock Issued During Period, Shares, New Issues | shares | 1,000,000 | |||||||||||||||
Debt Instrument, Face Amount | $ 100,000 | |||||||||||||||
Interest Payable | 2,959 | |||||||||||||||
Unsecured Convertible Promissory Note One [Member] | GPL Ventures LLC [Member] | ||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||
Debt Instrument, Unamortized Discount (Premium), Net | 0 | 5,238 | $ 0 | |||||||||||||
Unsecured Convertible Promissory Note One [Member] | Labrys Fund Lp Second July Two Thousand And Twenty One [Member] | ||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||
Debt Instrument, Unamortized Discount (Premium), Net | $ 53,556 | $ 0 |
SCHEDULE OF DERIVATIVE LIABILIT
SCHEDULE OF DERIVATIVE LIABILITY (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Short-term Debt [Line Items] | |||
Total | $ 43,444 | ||
Convertible Promissory Note Payable One [Member] | GPL Ventures LLC [Member] | |||
Short-term Debt [Line Items] | |||
Total | $ 43,444 |
DERIVATIVE LIABILITY (Details N
DERIVATIVE LIABILITY (Details Narrative) | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 2020USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2020$ / shares | Dec. 31, 2020 | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Share Price | $ 0.0329 | |||
Debt Instrument, Convertible, Conversion Price | $ 0.00906 | |||
Derivative liability, measurement input term | 174 days | 174 days | ||
Measurement Input, Price Volatility [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Derivative Liability, Measurement Input | 1.4321 | 1.4321 | 1.43 | |
Measurement Input, Risk Free Interest Rate [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Derivative Liability, Measurement Input | 0.0009 |
SUMMARY OF WARRANTS AND OPTIONS
SUMMARY OF WARRANTS AND OPTIONS ACTIVITY (Details) - shares | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2021 | Dec. 31, 2020 | ||
Equity [Abstract] | |||
Number of Options, beginning balance | |||
Number of Warrants, beginning balance | 80,000 | 6,290,431 | |
Number of Options and Warrants, beginning balance | 80,000 | 6,290,431 | |
Number of Options expired on November 20, 2020 | |||
Number of Warrants, expired on February 19, 2021 | (30,000) | ||
Number of Options and Warrants expired on February 19, 2021 | (30,000) | ||
Number of Options expired on March 16, 2021 | |||
Number of Warrants, expired on February 19, 2021 | (50,000) | ||
Number of Options and Warrants expired on March 16, 2021 | (50,000) | ||
Number of Warrant issued on July 2, 2021 | 5,000,000 | ||
Number of Options and Warrant issued on July 2, 2021 | 5,000,000 | ||
Number o Cashless exercise of warrant on September 21, 2021 | (5,000,000) | ||
Number of Cashless exercise of option and warrant on September 21, 2021 | (5,000,000) | ||
Number of Options, ending balance | |||
Number of Warrants, ending balance | 80,000 | ||
Number of Options and Warrants, ending balance | 80,000 | ||
Number of Options granted | [1] | ||
Number of Warrants, granted | [1] | 262,500 | |
Number of Options and Warrants granted | [1] | 262,500 | |
Number of Warrants, expired on June 20, 2020 | (5,000,000) | ||
Number of Options and Warrants expired on June 20, 2020 | (5,000,000) | ||
Number of Options, cashless exercise of warrants on August 19, 2020 | |||
Number of Warrants, cashless exercise of warrants on August 19, 2020 | (262,500) | ||
Number of Options and Warrants, cashless exercise of warrants on August 19, 2020 | (262,500) | ||
Number of Warrants, expired on October 20, 2020 | (700,000) | ||
Number of Options and Warrants expired | (700,000) | ||
Number of Options expired on November 20, 2020 | |||
Number of Warrants, expired on November 20, 2020 | (510,431) | ||
Number of Options and Warrants expired on November 20, 2020 | (510,431) | ||
[1] | On March 12, 2020, the Company issued to Armada Investment Fund, LLC (“ARMADA”) a Convertible Promissory Note (the “Note”) in the amount of Twenty-Three Thousand and NO/100 Dollars ($ 23,000 262,500 |
SUMMARY OF WARRANTS AND OPTIO_2
SUMMARY OF WARRANTS AND OPTIONS ACTIVITY (Details) (Parenthetical) - USD ($) | Sep. 21, 2021 | Jul. 02, 2021 | Jul. 02, 2021 | Dec. 30, 2020 | Dec. 29, 2020 | Nov. 27, 2020 | Sep. 23, 2020 | Aug. 18, 2020 | Aug. 17, 2020 | Aug. 06, 2020 | Jul. 27, 2020 | Mar. 06, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Mar. 12, 2020 |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||||||
Notes Issued | $ 110,000 | |||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.00906 | |||||||||||||||
Debt Conversion, Converted Instrument, Amount | $ 1,267,745 | |||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 12.00% | 12.00% | ||||||||||||||
Warrants and Rights Outstanding, Term | 5 years | 5 years | ||||||||||||||
Warrants exercisable price | $ 0.04 | |||||||||||||||
Debt principal amount | $ 16,000 | $ 24,000 | $ 40,000 | $ 7,000 | $ 20,000 | |||||||||||
Number of common stock shares issued | 10,000,000 | 1,769,447 | 10,000,000 | 4,000,000 | 262,481 | 4,000,000 | 892,592 | 2,000,000 | 207,578 | |||||||
Securities Purchase Agreement [Member] | ||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||||||
Notes Issued | $ 100,000 | |||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.015 | $ 0.015 | ||||||||||||||
Debt Conversion, Converted Instrument, Amount | $ 1,750 | |||||||||||||||
Warrants purchased | 5,000,000 | 5,000,000 | ||||||||||||||
Exercise Price | $ 0.02 | $ 0.02 | ||||||||||||||
Warrants purchase | 4,512,497 | |||||||||||||||
Assignment Agreement [Member] | Sylios Corp [Member] | ||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||||||
Debt principal amount | $ 23,000 | |||||||||||||||
Stock Purchase Warrant Agreement [Member] | ||||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||||||
Number of common stock shares issued | 262,500 |
CAPITAL STOCK (Details Narrativ
CAPITAL STOCK (Details Narrative) - USD ($) | Oct. 06, 2021 | Sep. 21, 2021 | Jul. 09, 2021 | Jul. 08, 2021 | Jul. 03, 2021 | Jul. 02, 2021 | Jun. 24, 2021 | May 12, 2021 | Mar. 19, 2021 | Feb. 17, 2021 | Feb. 16, 2021 | Dec. 30, 2020 | Dec. 29, 2020 | Nov. 27, 2020 | Sep. 23, 2020 | Sep. 09, 2020 | Aug. 18, 2020 | Aug. 17, 2020 | Aug. 06, 2020 | Jul. 27, 2020 | Jan. 24, 2020 | Jan. 22, 2020 | Jun. 26, 2017 | Jul. 18, 2010 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Jul. 11, 2021 | Jul. 10, 2021 | Jul. 07, 2021 | Jun. 25, 2021 | Jun. 03, 2020 | Mar. 12, 2020 | Dec. 31, 2019 | Aug. 23, 2017 |
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Authorized | 500,000,000 | 250,000,000 | 500,000,000 | 250,000,000 | 500,000,000 | 250,000,000 | 250,000,000 | |||||||||||||||||||||||||||||||
Preferred stock shares authorized | 5,000,000 | 2,000,000 | 5,000,000 | 2,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||
Preferred stock par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||||||||||||||||||||||||||||
Warrant exercise price per share | $ 0.04 | |||||||||||||||||||||||||||||||||||||
Warrants and rights outstanding term | 5 years | |||||||||||||||||||||||||||||||||||||
Preferred stock shares outstanding | 31,000 | 31,000 | 31,000 | 31,000 | ||||||||||||||||||||||||||||||||||
Preferred stock shares issued | 31,000 | 31,000 | 31,000 | 31,000 | ||||||||||||||||||||||||||||||||||
Deferred compensation liability | $ 90,945 | $ 86,307 | $ 90,945 | $ 86,307 | $ 105,325 | |||||||||||||||||||||||||||||||||
Number of common stock shares issued | 10,000,000 | 1,769,447 | 10,000,000 | 4,000,000 | 262,481 | 4,000,000 | 892,592 | 2,000,000 | 207,578 | |||||||||||||||||||||||||||||
Principal amount | $ 16,000 | $ 24,000 | $ 40,000 | $ 7,000 | $ 20,000 | |||||||||||||||||||||||||||||||||
Excess of common stock | 114,748 | |||||||||||||||||||||||||||||||||||||
Fair value of common stock | $ 158,810 | |||||||||||||||||||||||||||||||||||||
Shares over the liability | 7,823,177 | |||||||||||||||||||||||||||||||||||||
Loss on conversion of debt | $ 44,062 | |||||||||||||||||||||||||||||||||||||
Fair value of common stock shares issued | 41,051 | $ 163,000 | 48,000 | 60,000 | 26,778 | 72,800 | ||||||||||||||||||||||||||||||||
Liability reduction | 17,694 | 24,000 | 40,000 | 8,926 | 20,000 | |||||||||||||||||||||||||||||||||
Liability reduction | (17,694) | (24,000) | (40,000) | (8,926) | (20,000) | |||||||||||||||||||||||||||||||||
Loss on conversion of debt | 23,357 | $ 24,000 | $ 20,000 | 17,852 | $ 52,800 | |||||||||||||||||||||||||||||||||
Debt interest | 494 | 726 | $ 1,926 | |||||||||||||||||||||||||||||||||||
Debt costs | $ 1,200 | $ 1,200 | ||||||||||||||||||||||||||||||||||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||||||||||||||||||||||||||||||
Common Stock, Shares, Outstanding | 200,005,368 | 129,836,060 | 200,005,368 | 129,836,060 | 105,051,540 | |||||||||||||||||||||||||||||||||
Number of warrants outstanding | $ 0 | $ 0 | ||||||||||||||||||||||||||||||||||||
Common Stock, Shares, Outstanding | 200,005,368 | 129,836,060 | 200,005,368 | 129,836,060 | 105,051,540 | |||||||||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Common stock voting rights description | Holders of the Company’s common stock are entitled to one vote for each share on all matters submitted to a stockholder vote. | Holders of the Company’s common stock are entitled to one vote for each share on all matters submitted to a stockholder vote. | ||||||||||||||||||||||||||||||||||||
Warrant Conversion, shares | 4,512,497 | 4,512,497 | 262,481 | 4,512,497 | 262,481 | 262,481 | ||||||||||||||||||||||||||||||||
Number of common stock shares issued | 7,823,177 | 8,300,345 | 4,629,964 | 14,700,000 | 6,000,000 | |||||||||||||||||||||||||||||||||
Principal amount | $ 64,554 | $ 35,340 | $ 114,660 | $ 60,000 | $ 41,000 | |||||||||||||||||||||||||||||||||
Interest Payable | 189 | 774 | $ 3,062 | |||||||||||||||||||||||||||||||||||
Common stock excess amount | 98,774 | 72,690 | 120,540 | 123,600 | ||||||||||||||||||||||||||||||||||
Fair value of common stock shares issued | 163,517 | 108,804 | 235,200 | 183,600 | ||||||||||||||||||||||||||||||||||
Liability reduction | (64,743) | 36,114 | 114,660 | 60,000 | ||||||||||||||||||||||||||||||||||
Liability reduction | $ 64,743 | $ (36,114) | $ (114,660) | $ (60,000) | ||||||||||||||||||||||||||||||||||
Issuance of common stock for consulting services, shares | 750,000 | 750,000 | ||||||||||||||||||||||||||||||||||||
Number of shares issued for acquiring assets, shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 4,344,595 | 7,225,972 | 4,000,000 | |||||||||||||||||||||||||||||||||||
Principal amount | $ 33,888 | $ 51,369 | $ 40,000 | |||||||||||||||||||||||||||||||||||
Interest Payable | $ 658 | |||||||||||||||||||||||||||||||||||||
Common stock excess amount | 68,210 | 63,589 | 83,600 | |||||||||||||||||||||||||||||||||||
Fair value of common stock shares issued | 102,098 | 115,616 | 123,600 | |||||||||||||||||||||||||||||||||||
Liability reduction | 33,888 | 52,027 | 40,000 | |||||||||||||||||||||||||||||||||||
Liability reduction | $ (33,888) | $ (52,027) | $ (40,000) | |||||||||||||||||||||||||||||||||||
Common StockTwo [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 2,500,000 | |||||||||||||||||||||||||||||||||||||
Principal amount | $ 25,000 | |||||||||||||||||||||||||||||||||||||
Common stock excess amount | 51,500 | |||||||||||||||||||||||||||||||||||||
Fair value of common stock shares issued | 76,500 | |||||||||||||||||||||||||||||||||||||
Liability reduction | 25,000 | |||||||||||||||||||||||||||||||||||||
Liability reduction | $ (25,000) | |||||||||||||||||||||||||||||||||||||
Three Warrants [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock | 80,000 | 80,000 | ||||||||||||||||||||||||||||||||||||
Board of Directors [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Shares vested | 766,379 | |||||||||||||||||||||||||||||||||||||
Bill Edmonds [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Issuance of common stock for consulting services, shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||
Chief Executive Officer [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Restricted shares issued for acquiring assets, shares | 1,616,379 | |||||||||||||||||||||||||||||||||||||
Chief Financial Officer [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Restricted shares issued for acquiring assets, shares | 766,379 | |||||||||||||||||||||||||||||||||||||
Lloyd Spencer [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Issuance of common stock for consulting services, shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||
Labrys Fund LP [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock | 5,000,000 | |||||||||||||||||||||||||||||||||||||
Warrant exercise price per share | $ 0.02 | |||||||||||||||||||||||||||||||||||||
Warrants and rights outstanding term | 5 years | |||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Principal amount | $ 100,000 | $ 100,000 | ||||||||||||||||||||||||||||||||||||
Interest Payable | $ 2,959 | $ 2,959 | ||||||||||||||||||||||||||||||||||||
Conversion Agreement [Member] | Board of Directors [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Warrant exercise price per share | $ 0.30 | |||||||||||||||||||||||||||||||||||||
Conversion Agreement [Member] | Board of Directors [Member] | Minimum [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Warrant exercise price per share | $ 0.20 | |||||||||||||||||||||||||||||||||||||
Conversion Agreement [Member] | Saint James Capital Management LLC [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Number of shares converted | 2,000,000 | |||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Warrant Conversion, shares | 4,512,497 | |||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Labrys Fund LP [Member] | Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 1,000,000 | |||||||||||||||||||||||||||||||||||||
Employment Agreement [Member] | Chief Executive Officer [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Shares vested | 850,000 | |||||||||||||||||||||||||||||||||||||
Employment Agreement [Member] | Lloyd Spencer [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 1,020,000 | 840,000 | ||||||||||||||||||||||||||||||||||||
Fair value of common stock shares issued | $ 18,768 | $ 33,600 | ||||||||||||||||||||||||||||||||||||
Asset Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Authorized | 500,000,000 | 250,000,000 | ||||||||||||||||||||||||||||||||||||
Preferred stock shares authorized | 5,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||
Asset Purchase Agreement [Member] | Amwaste, Inc. [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Number of shares issued for acquiring assets, shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||
Series A Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Preferred stock par value | $ 0.0001 | |||||||||||||||||||||||||||||||||||||
Preferred stock voting rights description | The holders of Series A, shall not be entitled to receive dividends, nor shall dividends be paid on common stock or any other Series of Preferred Stock while Series A shares are outstanding. The holders of Series A shall be entitled to vote on all matters submitted to a vote of the Shareholders of the Company. The holders of the Series A shall be entitled to one thousand (1,000) votes per one share of Series A held. Upon the availability of a sufficient number of authorized but unissued and unreserved shares of common stock, the holders of any Series A Preferred Stock shall be entitled to convert such shares in to fully paid and non-assessable shares of common stock at the rate of 1000 shares of common stock for each share of Series A. In the event of any liquidation, dissolution or winding up of the Corporation, either voluntarily or involuntarily, after setting apart or paying in full the preferential amounts due the Holders of senior capital stock, if any, the Holders of Series A and parity capital stock, if any, shall be entitled to receive, prior and in preference to any distribution of any of the assets or surplus funds of the Corporation to the Holders of junior capital stock, including Common Stock, an amount equal to $0.125 per share. | The holders of the Series A shall be entitled to one thousand (1,000) votes per one share of Series A held. Upon the availability of a sufficient number of authorized but unissued and unreserved shares of common stock, the holders of any Series A Preferred Stock shall be entitled to convert such shares in to fully paid and non-assessable shares of common stock at the rate of 1000 shares of common stock for each share of Series A. In the event of any liquidation, dissolution or winding up of the Corporation, either voluntarily or involuntarily, after setting apart or paying in full the preferential amounts due the Holders of senior capital stock, if any, the Holders of Series A and parity capital stock, if any, shall be entitled to receive, prior and in preference to any distribution of any of the assets or surplus funds of the Corporation to the Holders of junior capital stock, including Common Stock, an amount equal to $0.125 per share. | ||||||||||||||||||||||||||||||||||||
Series A Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Preferred stock shares outstanding | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Preferred stock shares issued | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
Series A Preferred Stock [Member] | Conversion Agreement [Member] | Saint James [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock | 5,000,000 | |||||||||||||||||||||||||||||||||||||
Warrant exercise price per share | $ 0.30 | |||||||||||||||||||||||||||||||||||||
Warrants and rights outstanding term | 3 years | |||||||||||||||||||||||||||||||||||||
Warrant expiry date | Jun. 20, 2020 | |||||||||||||||||||||||||||||||||||||
Series B Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Preferred stock shares authorized | 100,000 | |||||||||||||||||||||||||||||||||||||
Preferred stock par value | $ 0.0001 | |||||||||||||||||||||||||||||||||||||
Preferred stock shares outstanding | 31,000 | 31,000 | 31,000 | 31,000 | 0 | |||||||||||||||||||||||||||||||||
Conversion description | The holders of the Series B shall be entitled to twenty thousand (20,000) votes per one share of Series B held. Upon the availability of a sufficient number of authorized but unissued and unreserved shares of common stock, the holders of any Series B Preferred Stock shall be entitled to convert such shares in to fully paid and non-assessable shares of common stock at the following conversion feature: the Conversion Price for each share of Series B Preferred Stock in effect on any Conversion Date shall be (i) eighty five percent (85%) of the average closing bid price of the Common Stock over the twenty (20) trading days immediately preceding the date of conversion, (ii) but no less than Par Value of the Common Stock. For purposes of determining the closing bid price on any day, reference shall be to the closing bid price for a share of Common Stock on such date on the NASD OTC Bulletin Board, as reported on Bloomberg, L.P. Any conversion shall be for a minimum Stated Value of $500.00 of Series B shares. | |||||||||||||||||||||||||||||||||||||
Preferred stock shares issued | 31,000 | 31,000 | 31,000 | 31,000 | 0 | |||||||||||||||||||||||||||||||||
[custom:DebtConversionsDescription] | The holders of the Series B shall be entitled to twenty thousand (20,000) votes per one share of Series B held. Upon the availability of a sufficient number of authorized but unissued and unreserved shares of common stock, the holders of any Series B Preferred Stock shall be entitled to convert such shares in to fully paid and non-assessable shares of common stock at the following conversion feature: the Conversion Price for each share of Series B Preferred Stock in effect on any Conversion Date shall be (i) eighty five percent (85%) of the average closing bid price of the Common Stock over the twenty (20) trading days immediately preceding the date of conversion, (ii) but no less than Par Value of the Common Stock. For purposes of determining the closing bid price on any day, reference shall be to the closing bid price for a share of Common Stock on such date on the NASD OTC Bulletin Board, as reported on Bloomberg, L.P. Any conversion shall be for a minimum Stated Value of $500.00 of Series B shares. | |||||||||||||||||||||||||||||||||||||
Series B Convertible Preferred Stock [Member] | Bill Edmonds [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Preferred stock shares issued | 25,000 | 6,000 | ||||||||||||||||||||||||||||||||||||
Deferred compensation liability | $ 25,000 | |||||||||||||||||||||||||||||||||||||
Loans payable | $ 6,000 | |||||||||||||||||||||||||||||||||||||
Series B Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||
Preferred stock shares outstanding | 31,000 | 31,000 | 31,000 | 31,000 | 0 | |||||||||||||||||||||||||||||||||
Preferred stock shares issued | 31,000 | 31,000 | 31,000 | 31,000 | 0 |
SCHEDULE OF PROVISION FOR (BENE
SCHEDULE OF PROVISION FOR (BENEFIT FROM) INCOME TAXES (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||||||
Expected tax at 21% | $ 56,401 | $ (42,175) | $ (166,174) | $ (95,794) | $ (153,840) | $ (19,399) |
Non-deductible stock-based compensation | 3,532 | 3,941 | 13,383 | 10,997 | 57,151 | |
Non-deductible derivative liability expense (income) | (76,947) | (32,839) | (97,418) | (16,770) | ||
Non-deductible amortization of debt discounts | 33,119 | 19,581 | 99,281 | 22,689 | 24,495 | |
Non-deductible loss on conversions of convertible notes payable | 74,429 | 24,077 | 167,423 | 24,077 | 28,982 | |
Increase (decrease) in Valuation allowance | (90,534) | 27,415 | (16,495) | 54,801 | 59,289 | 19,399 |
Provision for (benefit from) income taxes | ||||||
Non-taxable derivative liability income | $ (16,077) |
SCHEDULE OF PROVISION FOR (BE_2
SCHEDULE OF PROVISION FOR (BENEFIT FROM) INCOME TAXES (Details) (Parenthetical) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||||
Income tax rate, percent | 21.00% | 21.00% | 21.00% | 21.00% |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Valuation allowance percentage against deferred tax assets | 100.00% | 100.00% |
Income tax expiration description | The net operating loss carryforward at September 30, 2021 for the years 2001 to 2017 expires in varying amounts from year 2021 to year 2037. | The net operating loss carryforward at December 31, 2020 for the years 2001 to 2017 expires in varying amounts from year 2021 to year 2037. |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) | Dec. 10, 2021 | Sep. 10, 2021 | Jun. 09, 2021 | May 13, 2021 | May 10, 2021 | Dec. 31, 2020 | Dec. 30, 2020 | Dec. 29, 2020 | Nov. 27, 2020 | Sep. 24, 2020 | Sep. 23, 2020 | Sep. 09, 2020 | Aug. 18, 2020 | Aug. 17, 2020 | Aug. 06, 2020 | Jul. 27, 2020 | Jan. 24, 2020 | Jan. 09, 2020 | Dec. 06, 2019 | Dec. 04, 2019 | Jul. 17, 2017 | Jan. 02, 2016 | Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Jul. 31, 2020 | Dec. 31, 2016 | |
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 101,645 | $ 46,268 | $ 192,584 | $ 99,868 | $ 149,619 | |||||||||||||||||||||||||||
Compensation expense | 63,728 | 52,368 | 272,147 | |||||||||||||||||||||||||||||
Deferred compensation | $ 86,307 | 90,945 | $ 90,945 | $ 86,307 | 105,325 | |||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | [1] | |||||||||||||||||||||||||||||||
Stock issued | 10,000,000 | 1,769,447 | 10,000,000 | 4,000,000 | 262,481 | 4,000,000 | 892,592 | 2,000,000 | 207,578 | |||||||||||||||||||||||
Share Price | $ 0.0329 | $ 0.0329 | ||||||||||||||||||||||||||||||
Accounts payable | $ 2,948,964 | 2,979,179 | $ 2,979,179 | $ 2,948,964 | $ 2,919,628 | |||||||||||||||||||||||||||
Stock issued during period | $ 41,051 | $ 163,000 | $ 48,000 | $ 60,000 | $ 26,778 | $ 72,800 | ||||||||||||||||||||||||||
Two Notes Payable [Member] | ||||||||||||||||||||||||||||||||
Amount claimed | 387,535 | 387,535 | 387,535 | 387,535 | ||||||||||||||||||||||||||||
Notes payable | 495,000 | 495,000 | ||||||||||||||||||||||||||||||
One Customer and Two Vendors [Member] | ||||||||||||||||||||||||||||||||
Accounts payable | 487,615 | 492,319 | 492,319 | 487,615 | ||||||||||||||||||||||||||||
Other Vendors and Credit Card Companies [Member] | ||||||||||||||||||||||||||||||||
Accounts payable | 2,461,349 | 2,486,860 | 2,486,860 | 2,461,349 | ||||||||||||||||||||||||||||
Rental Agreement [Member] | ||||||||||||||||||||||||||||||||
Rental rate | $ 70 | |||||||||||||||||||||||||||||||
Employment Agreement [Member] | Mr. Spencer [Member] | ||||||||||||||||||||||||||||||||
Compensation expense | $ 16,779 | 69,147 | ||||||||||||||||||||||||||||||
Shares vested | 850,000 | |||||||||||||||||||||||||||||||
Employment Agreement [Member] | Lloyd Spencer [Member] | ||||||||||||||||||||||||||||||||
Stock issued | 1,020,000 | 840,000 | ||||||||||||||||||||||||||||||
Stock issued during period | $ 18,768 | $ 33,600 | ||||||||||||||||||||||||||||||
Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | David A. Bradford [Member] | ||||||||||||||||||||||||||||||||
Agreement term | 2 years | 5 years | ||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 108,000 | |||||||||||||||||||||||||||||||
Base salary increase percentage | 10.00% | |||||||||||||||||||||||||||||||
Deferred salary increase percentage | 7.00% | |||||||||||||||||||||||||||||||
Cash bonus percentage | 1.50% | |||||||||||||||||||||||||||||||
Adjusted EBITDA | $ 2,000,000 | |||||||||||||||||||||||||||||||
Equity Method Investment, Ownership Percentage | 3.50% | 4.76% | ||||||||||||||||||||||||||||||
Deferred Compensation Equity | $ 19,947 | |||||||||||||||||||||||||||||||
Compensation expense | $ 3,500 | |||||||||||||||||||||||||||||||
Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | David A. Bradford [Member] | Remit Payment [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 84,000 | |||||||||||||||||||||||||||||||
Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | David A. Bradford [Member] | Defer Payment [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 24,000 | |||||||||||||||||||||||||||||||
Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Mr. Bradford [Member] | ||||||||||||||||||||||||||||||||
Compensation expense | 31,500 | 0 | ||||||||||||||||||||||||||||||
Accrued Salaries | $ 10,500 | 36,750 | 36,750 | 10,500 | ||||||||||||||||||||||||||||
Deferred compensation | $ 3,446 | 3,632 | 3,632 | 3,446 | ||||||||||||||||||||||||||||
Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Mr. Edmonds [Member] | ||||||||||||||||||||||||||||||||
Agreement term | 2 years | 5 years | ||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 200,000 | |||||||||||||||||||||||||||||||
Base salary increase percentage | 10.00% | |||||||||||||||||||||||||||||||
Deferred salary increase percentage | 7.00% | |||||||||||||||||||||||||||||||
Cash bonus percentage | 2.50% | |||||||||||||||||||||||||||||||
Adjusted EBITDA | $ 2,000,000 | |||||||||||||||||||||||||||||||
Deferred compensation | $ 82,861 | 87,314 | 87,314 | 82,861 | ||||||||||||||||||||||||||||
Deferred compensation | 86,307 | 86,307 | ||||||||||||||||||||||||||||||
Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Mr. Edmonds [Member] | Remit Payment [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | 160,000 | |||||||||||||||||||||||||||||||
Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Mr. Edmonds [Member] | Defer Payment [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 40,000 | |||||||||||||||||||||||||||||||
Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Mr. Spencer [Member] | ||||||||||||||||||||||||||||||||
Compensation expense | $ 3,500 | 3,500 | ||||||||||||||||||||||||||||||
Compensation expense | 31,500 | $ 0 | 10,500 | |||||||||||||||||||||||||||||
Accrued Salaries | 10,500 | 36,750 | 36,750 | 10,500 | ||||||||||||||||||||||||||||
Stock issued | 1,020,000 | 840,000 | ||||||||||||||||||||||||||||||
Stock issued during period | $ 18,768 | $ 33,600 | ||||||||||||||||||||||||||||||
Accrued compensation | 19,250 | 19,250 | ||||||||||||||||||||||||||||||
Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | David A. Bradford [Member] | Incentive Stock Plan [Member] | ||||||||||||||||||||||||||||||||
Equity Method Investment, Ownership Percentage | 1.50% | |||||||||||||||||||||||||||||||
Ownership interest agreement description | upon initiation of its Incentive Stock Plan (ISP), the LLC hereby grants the Executive an additional one and one half percent ( | |||||||||||||||||||||||||||||||
Amount of after tax profits | $ 2,000,000 | |||||||||||||||||||||||||||||||
Incentive Bonus percentage | 1.50% | |||||||||||||||||||||||||||||||
Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Mr. Edmonds [Member] | Incentive Stock Plan [Member] | ||||||||||||||||||||||||||||||||
Equity Method Investment, Ownership Percentage | 2.25% | |||||||||||||||||||||||||||||||
Ownership interest agreement description | upon initiation of its Incentive Stock Plan, the LLC hereby grants the Executive an additional two and one-fourth percent (2.25%) ownership interest in the LLC, with 0.5625% granted upon the date of initiation and 0.5625% granted on the anniversary date of the ISP for each of the following three years, | |||||||||||||||||||||||||||||||
Amount of after tax profits | $ 2,000,000 | |||||||||||||||||||||||||||||||
Incentive Bonus percentage | 2.50% | |||||||||||||||||||||||||||||||
Agreement [Member] | Darbie [Member] | ||||||||||||||||||||||||||||||||
Compensation, description | In consideration of the introduction, Darbie shall be entitled to receive a finder’s fee in the amount of four percent (4%) of the gross proceeds of an equity/convertible debt transaction and/or cash equal to four percent (4%) of the gross proceeds of a non-convertible debt transaction. | |||||||||||||||||||||||||||||||
Written Employment Agreement [Member] | Mr. Spencer [Member] | ||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 170,000 | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||||||||||||||||||||||||||||||
Written Employment Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Mr. Spencer [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 10,000 | |||||||||||||||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 500,000 | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 6,120,000 | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||||||||||||||||||||||||||||||
Board of Directors Services Agreement [Member] | Mr. Edmonds [Member] | ||||||||||||||||||||||||||||||||
Accrued Salaries | 20,000 | 15,000 | 15,000 | 20,000 | ||||||||||||||||||||||||||||
Board of Directors Services Agreement [Member] | Mr. Spencer [Member] | ||||||||||||||||||||||||||||||||
Accrued Salaries | 20,000 | $ 15,000 | $ 15,000 | 20,000 | ||||||||||||||||||||||||||||
Board of Directors Services Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Lloyd Spencer [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 5,000 | |||||||||||||||||||||||||||||||
Share Price | $ 5,000 | |||||||||||||||||||||||||||||||
Board of Directors Services Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | Bill Edmonds [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 5,000 | |||||||||||||||||||||||||||||||
Share Price | $ 5,000 | |||||||||||||||||||||||||||||||
Consulting Agreement [Member] | Sylios Corp [Member] | ||||||||||||||||||||||||||||||||
Agreement term | 1 year | |||||||||||||||||||||||||||||||
Stock issued | 2,500,000 | |||||||||||||||||||||||||||||||
Salary and Wage, Excluding Cost of Good and Service Sold | $ 35,000 | |||||||||||||||||||||||||||||||
Amended Consulting Agreement [Member] | Sylios Corp [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Excluding Cost of Good and Service Sold | $ 10,000 | $ 15,000 | ||||||||||||||||||||||||||||||
Amended Consulting Agreement [Member] | Sylios Corp [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||||||||||
Salary and Wage, Excluding Cost of Good and Service Sold | $ 10,000 | |||||||||||||||||||||||||||||||
Employment and Director Agreement [Member] | Deep Green Waste & Recycling, LLC [Member] | David A. Bradford [Member] | ||||||||||||||||||||||||||||||||
Accrued Salaries | 10,500 | 10,500 | $ 19,250 | |||||||||||||||||||||||||||||
Deferred compensation | $ 0 | 0 | ||||||||||||||||||||||||||||||
Letter Agreement [Member] | Xnergy Financial LLC [Member] | ||||||||||||||||||||||||||||||||
Success fees percentage | 6.00% | |||||||||||||||||||||||||||||||
Compliance fee | $ 25,000 | $ 16,667 | ||||||||||||||||||||||||||||||
Letter Agreement [Member] | Xnergy Financial LLC [Member] | Three Monthly Installments [Member] | ||||||||||||||||||||||||||||||||
Compliance fee | $ 8,333 | |||||||||||||||||||||||||||||||
[1] | On March 12, 2020, the Company issued to Armada Investment Fund, LLC (“ARMADA”) a Convertible Promissory Note (the “Note”) in the amount of Twenty-Three Thousand and NO/100 Dollars ($ 23,000 262,500 |
GOING CONCERN UNCERTAINTY (Deta
GOING CONCERN UNCERTAINTY (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Cash | $ 51,878 | $ 757 | $ 735 | $ 757 | |
Current assets | 97,200 | 757 | 3,410 | $ 757 | |
Current liabilities | 3,966,187 | 4,373,037 | 4,025,359 | ||
Accumulated deficit | 8,511,260 | 7,776,354 | 7,043,784 | ||
Cash from operating activities | $ 364,267 | $ 126,281 | $ 131,453 | $ 959 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) | Apr. 09, 2021USD ($)d / TradingDays | Dec. 31, 2018USD ($) | Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 29, 2020USD ($) | Sep. 23, 2020USD ($) | Aug. 17, 2020USD ($) | Aug. 06, 2020USD ($) | Jul. 27, 2020USD ($) | Dec. 31, 2019USD ($) |
Related Party Transaction [Line Items] | ||||||||||
Revenues from related party | $ 29,190 | |||||||||
Account payable | $ 57,600 | $ 57,600 | $ 57,600 | |||||||
Debt Instrument, Face Amount | $ 16,000 | $ 24,000 | $ 40,000 | $ 7,000 | $ 20,000 | |||||
Debt Instrument, Description | The Note accrued interest at 12% if paid within 60 days and thereafter 15% compounding monthly. The Note was convertible, in whole or in part, at any time and from time to time before maturity (June 9, 2021) at the option of the holder. The conversion price for the principal and interest in connection with voluntary conversions by the Holder was 60% multiplied by the Market Price (as defined herein)(representing a discount rate of 40%), subject to adjustment as described herein | |||||||||
Edmonds [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt Instrument, Convertible, Threshold Trading Days | d / TradingDays | 20 | |||||||||
Promissory Note [Member] | Edmonds [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt Instrument, Face Amount | $ 110,000 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) | Jan. 12, 2022USD ($)shares | Jan. 10, 2022USD ($)shares | Jan. 06, 2022USD ($)shares | Jan. 04, 2022USD ($)shares | Dec. 21, 2021shares | Dec. 20, 2021USD ($)shares | Dec. 13, 2021USD ($)shares | Dec. 02, 2021USD ($)shares | Nov. 18, 2021USD ($)shares | Oct. 19, 2021 | Oct. 15, 2021shares | Oct. 14, 2021USD ($)$ / sharesshares | Oct. 06, 2021USD ($)shares | Oct. 05, 2021USD ($)shares | Apr. 09, 2021 | Mar. 19, 2021shares | Mar. 02, 2021USD ($)d / TradingDays$ / shares | Feb. 17, 2021shares | Feb. 16, 2021shares | Feb. 12, 2021shares | Feb. 11, 2021USD ($) | Feb. 08, 2021USD ($)shares | Feb. 05, 2021USD ($)d / TradingDays$ / shares | Dec. 30, 2020shares | Dec. 29, 2020USD ($)shares | Nov. 27, 2020USD ($)shares | Sep. 23, 2020USD ($)shares | Sep. 09, 2020USD ($)shares | Aug. 18, 2020shares | Aug. 17, 2020USD ($)shares | Aug. 06, 2020USD ($)shares | Jul. 27, 2020USD ($)shares | Jun. 23, 2020USD ($)d / TradingDays$ / shares | Jan. 24, 2020USD ($)shares | Dec. 31, 2020USD ($)$ / sharesshares | Sep. 30, 2021USD ($)shares | Dec. 31, 2020USD ($)$ / sharesshares | Jul. 02, 2021$ / shares | Mar. 12, 2020$ / shares |
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Value of common stock shares issued of services | $ 29,850 | ||||||||||||||||||||||||||||||||||||||
Conversion price | $ / shares | $ 0.00906 | $ 0.00906 | |||||||||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.04 | ||||||||||||||||||||||||||||||||||||||
Warrant term | 5 years | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | shares | 10,000,000 | 1,769,447 | 10,000,000 | 4,000,000 | 262,481 | 4,000,000 | 892,592 | 2,000,000 | 207,578 | ||||||||||||||||||||||||||||||
Debt interest | $ 494 | $ 726 | $ 1,926 | ||||||||||||||||||||||||||||||||||||
Loss on conversion of debt | 23,357 | $ 24,000 | $ 20,000 | 17,852 | $ 52,800 | ||||||||||||||||||||||||||||||||||
Fair value of common stock shares issued | 41,051 | $ 163,000 | 48,000 | 60,000 | 26,778 | 72,800 | |||||||||||||||||||||||||||||||||
Liability reduction | 17,694 | 24,000 | 40,000 | 8,926 | 20,000 | ||||||||||||||||||||||||||||||||||
Principal amount | $ 16,000 | $ 24,000 | $ 40,000 | $ 7,000 | $ 20,000 | ||||||||||||||||||||||||||||||||||
Stock Issued During Period, Shares, Acquisitions | shares | 2,000,000 | ||||||||||||||||||||||||||||||||||||||
Debt instrument, description | The Note accrued interest at 12% if paid within 60 days and thereafter 15% compounding monthly. The Note was convertible, in whole or in part, at any time and from time to time before maturity (June 9, 2021) at the option of the holder. The conversion price for the principal and interest in connection with voluntary conversions by the Holder was 60% multiplied by the Market Price (as defined herein)(representing a discount rate of 40%), subject to adjustment as described herein | ||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate | 12.00% | ||||||||||||||||||||||||||||||||||||||
GPL Ventures LLC [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Convertible promissory note | $ 100,000 | ||||||||||||||||||||||||||||||||||||||
Conversion price | $ / shares | $ 0.01 | ||||||||||||||||||||||||||||||||||||||
Debt term | 1 year | ||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ||||||||||||||||||||||||||||||||||||||
Principal amount | $ 16,000 | $ 16,000 | |||||||||||||||||||||||||||||||||||||
Debt instrument, description | The Note is convertible, in whole or in part, at any time and from time to time before maturity (June 23, 2021) at the option of the holder at the Conversion Price that shall equal the lesser of a) $0.01 or b) Sixty Percent (60%) of the lowest Trading Price (defined below) during the Valuation Period (defined below), and the Conversion Amount shall be the amount of principal or interest electively converted in the Conversion Notice. | ||||||||||||||||||||||||||||||||||||||
Debt instrument, maturity date | Jun. 23, 2021 | ||||||||||||||||||||||||||||||||||||||
Trading percentage | 60.00% | ||||||||||||||||||||||||||||||||||||||
Trading days | d / TradingDays | 20 | ||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | GPL Ventures LLC [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Convertible promissory note | $ 50,000 | $ 75,000 | |||||||||||||||||||||||||||||||||||||
Conversion price | $ / shares | $ 0.01 | $ 0.01 | |||||||||||||||||||||||||||||||||||||
Debt term | 1 year | 1 year | |||||||||||||||||||||||||||||||||||||
Debt instrument, description | The Note is convertible, in whole or in part, at any time and from time to time before maturity (March 2, 2022) at the option of the holder at the Conversion Price that shall equal the lesser of: a) $0.01 or b) Sixty Percent (60 | The Note is convertible, in whole or in part, at any time and from time to time before maturity (February 5, 2022) at the option of the holder at the Conversion Price that shall equal the lesser of: a) $0.01 or b) Sixty Percent (60%) of the lowest Trading Price (defined below) during the Valuation Period (defined below), and the Conversion Amount shall be the amount of principal or interest electively converted in the Conversion Notice. | |||||||||||||||||||||||||||||||||||||
Debt instrument, maturity date | Mar. 2, 2022 | Feb. 5, 2022 | |||||||||||||||||||||||||||||||||||||
Trading percentage | 60.00% | 60.00% | |||||||||||||||||||||||||||||||||||||
Trading days | d / TradingDays | 20 | 20 | |||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate | 10.00% | 10.00% | |||||||||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | Quick Capital, LLC [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Convertible promissory note | $ 25,000 | ||||||||||||||||||||||||||||||||||||||
Conversion price | $ / shares | $ 0.01 | ||||||||||||||||||||||||||||||||||||||
Debt term | 1 year | ||||||||||||||||||||||||||||||||||||||
Debt instrument, description | The Note is convertible, in whole or in part, at any time and from time to time before maturity (February 5, 2022) at the option of the holder at the Conversion Price that shall equal the lesser of a) $0.01 or b) Sixty Percent (60%) of the lowest Trading Price (defined below) during the Valuation Period (defined below), and the Conversion Amount shall be the amount of principal or interest electively converted in the Conversion Notice. | ||||||||||||||||||||||||||||||||||||||
Debt instrument, maturity date | Feb. 5, 2022 | ||||||||||||||||||||||||||||||||||||||
Trading percentage | 60.00% | ||||||||||||||||||||||||||||||||||||||
Trading days | d / TradingDays | 20 | ||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate | 10.00% | ||||||||||||||||||||||||||||||||||||||
Royalty [Member] | Foam Shield Inc [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage | 4.00% | ||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Number shares of common stock and warrant | shares | 2,298,852 | ||||||||||||||||||||||||||||||||||||||
Number of right to purchase of shares | shares | 66,666,667 | ||||||||||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.015 | ||||||||||||||||||||||||||||||||||||||
Warrant term | 5 years | ||||||||||||||||||||||||||||||||||||||
Note Purchase Agreement [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Convertible promissory note | $ 666,667 | ||||||||||||||||||||||||||||||||||||||
Note Purchase Agreement [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Conversion price | $ / shares | $ 0.01 | ||||||||||||||||||||||||||||||||||||||
Debt term | 1 year | ||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Conversion price | $ / shares | $ 0.015 | ||||||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
[custom:PurchaseAgreementDescription] | In consideration for the purchase of all Lyell Environmental Services, Inc. shares from the Shareholder, the Company was to pay the Shareholder (i) $50,000 upon execution of the Agreement that was held in escrow, (ii) $1,300,000 at Closing, and (iii) 1,000,000 shares of the Company’s common stock. Under the amended Agreement (the “Amended Agreement”), the Company paid to the Shareholder (i) the $50,000 paid upon execution of the Agreement and that was held in escrow, (ii) $1,000,000 at Closing, and (iii) 1,000,000 shares of the Company’s common stock. The Company also issued the Shareholder a Promissory Note (the “Promissory Note”) in the amount of $186,537.92. The Promissory Note accrues interest at 7% per annum and is due on December 18, 2021. The transaction closed on October 19, 2021 | ||||||||||||||||||||||||||||||||||||||
Registration Rights Agreement [Member] | GPL Ventures LLC [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Debt instrument, description | The Company and GPL also entered into a Registration Rights Agreement (“RRA”) that provided for the Company to file a Registration Statement with the SEC covering the resale of up to 10,000,000 shares underlying the Note and to have filed such Registration Statement within 30 days of the RRA. In the event that the Company doesn’t maintain the registration requirements provided for in the RRA, the Company is obligated to pay GPL certain payments for such failures. The transaction closed on March 9, 2021. | The Company and GPL also entered into a Registration Rights Agreement (“RRA”) that provided for the Company to file a Registration Statement with the SEC covering the resale of up to 10,000,000 shares underlying the Note and to have filed such Registration Statement within 30 days of the RRA. In the event that the Company doesn’t maintain the registration requirements provided for in the RRA, the Company is obligated to pay GPL certain payments for such failures. The transaction closed on February 10, 2021. | |||||||||||||||||||||||||||||||||||||
Registration Rights Agreement [Member] | Quick Capital, LLC [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Debt instrument, description | The Company and Quick also entered into a Registration Rights Agreement (“RRA”) that provided for the Company to file a Registration Statement with the SEC covering the resale of up to 10,000,000 shares underlying the Note and to have filed such Registration Statement within 30 days of the RRA. In the event that the Company doesn’t maintain the registration requirements provided for in the RRA, the Company is obligated to pay Quick certain payments for such failures. The transaction closed on February 12, 2021. | ||||||||||||||||||||||||||||||||||||||
Consulting Agreement [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Stock issued for services | shares | 750,000 | ||||||||||||||||||||||||||||||||||||||
Lloyd Spencer [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Stock issued for services | shares | 2,000,000 | ||||||||||||||||||||||||||||||||||||||
Value of common stock shares issued of services | $ 48,000 | ||||||||||||||||||||||||||||||||||||||
Lloyd Spencer [Member] | Employment Agreement [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | shares | 1,020,000 | 840,000 | |||||||||||||||||||||||||||||||||||||
Fair value of common stock shares issued | $ 18,768 | $ 33,600 | |||||||||||||||||||||||||||||||||||||
Lloyd Spencer [Member] | 2021 Stock Option Incentive Plan [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | shares | 4,000,000 | ||||||||||||||||||||||||||||||||||||||
Accrued wages | $ 98,000 | ||||||||||||||||||||||||||||||||||||||
David Brad ford [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Stock issued for services | shares | 6,000,000 | ||||||||||||||||||||||||||||||||||||||
Value of common stock shares issued of services | $ 144,000 | ||||||||||||||||||||||||||||||||||||||
Bill Edmonds [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Stock issued for services | shares | 2,000,000 | ||||||||||||||||||||||||||||||||||||||
Value of common stock shares issued of services | $ 48,000 | ||||||||||||||||||||||||||||||||||||||
Employees [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Stock issued for services | shares | 300,000 | ||||||||||||||||||||||||||||||||||||||
Note Holder [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | shares | 5,714,286 | 5,714,286 | 9,070,295 | 5,673,765 | 5,714,286 | 2,448,980 | 2,082,128 | 1,800,000 | |||||||||||||||||||||||||||||||
Debt interest | $ 32,667 | $ 6,667 | $ 18,000 | $ 18,000 | $ 18,000 | ||||||||||||||||||||||||||||||||||
Loss on conversion of debt | $ 10,000 | $ 15,143 | $ 19,047 | 21,234 | 18,857 | 10,163 | 3,862 | 12,600 | |||||||||||||||||||||||||||||||
Fair value of common stock shares issued | 40,000 | 45,143 | 69,841 | 53,901 | 58,857 | 28,163 | 28,162 | 30,600 | |||||||||||||||||||||||||||||||
Liability reduction | 30,000 | 30,000 | 50,794 | $ 32,667 | 40,000 | $ 18,000 | $ 18,000 | $ 18,000 | |||||||||||||||||||||||||||||||
Principal amount | $ 30,000 | $ 30,000 | $ 50,794 | $ 33,333 | |||||||||||||||||||||||||||||||||||
Note Holder One [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | shares | 6,802,721 | 4,264,392 | 3,000,000 | ||||||||||||||||||||||||||||||||||||
Debt interest | $ 30,000 | $ 30,000 | |||||||||||||||||||||||||||||||||||||
Loss on conversion of debt | $ 25,459 | 19,041 | 21,000 | ||||||||||||||||||||||||||||||||||||
Fair value of common stock shares issued | 64,626 | 49,041 | 51,000 | ||||||||||||||||||||||||||||||||||||
Liability reduction | 39,167 | $ 30,000 | $ 30,000 | ||||||||||||||||||||||||||||||||||||
Principal amount | $ 39,167 | ||||||||||||||||||||||||||||||||||||||
Amwaste Inc Seller [Member] | Asset Purchase Agreement [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Principal amount | $ 110,000 | ||||||||||||||||||||||||||||||||||||||
Payments for purchasing assets | $ 50,000 | $ 150,000 | |||||||||||||||||||||||||||||||||||||
Restricted shares issued for acquiring assets, shares | shares | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||
Debt instrument, description | The Note principal shall be reduced by $10,000 if the Note is paid in full on or before March 8, 2021. | ||||||||||||||||||||||||||||||||||||||
Chief Executive Officer [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Restricted shares issued for acquiring assets, shares | shares | 1,616,379 | ||||||||||||||||||||||||||||||||||||||
Chief Executive Officer [Member] | Employment Agreement [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Shares vested | shares | 850,000 | ||||||||||||||||||||||||||||||||||||||
Board of Directors [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Shares vested | shares | 766,379 | ||||||||||||||||||||||||||||||||||||||
Chief Financial Officer [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Restricted shares issued for acquiring assets, shares | shares | 766,379 | ||||||||||||||||||||||||||||||||||||||
Consulting Agreement [Member] | |||||||||||||||||||||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||||||||||||||||||||
Restricted shares issued for acquiring assets, shares | shares | 750,000 |
SUMMARY OF WARRANTS AND OUTSTAN
SUMMARY OF WARRANTS AND OUTSTANDING (Details) - $ / shares | Dec. 31, 2020 | Mar. 12, 2020 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of Warrants Outstanding | 80,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.04 | |
Warrant One [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of Warrants Outstanding | 30,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.175 | |
Warrants Expiration Date | Feb. 19, 2021 | |
Warrant Two [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of Warrants Outstanding | 50,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.175 | |
Warrants Expiration Date | Mar. 16, 2021 |