Edgemode (EDGM) 10-K 16 Apr 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Apr. 10, 2020	Jun. 30, 2019
Document And Entity Information
Entity Registrant Name	Fourth Wave Energy, Inc.
Entity Central Index Key	0001652958
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 19,875,000
Entity Common Stock, Shares Outstanding		35,488,163
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	NV
Entity File Number	333-207047

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash	$ 1,691	$ 1,285
Prepaid assets	24,018	5,700
Total currents assets	25,709	6,985
Total assets	25,709	6,985
Current liabilities:
Accounts payable	128,519	15,028
Accounts payable - related party	104,623	164,841
Notes payable	323,900	244,000
Notes payable - related party	9,000	6,000
Convertible notes, net of unamortized discount of $83,441 and $0, respectively	116,559
Derivative liability	185,295
Total current liabilities	867,896	429,869
Total liabilities	867,896	429,869
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 500,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized, 29,288,163 and 29,051,800 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively	29,288	29,052
Additional paid in capital	348,680	189,048
Accumulated deficit	(1,220,155)	(640,984)
Total stockholders' deficit	(842,187)	(422,884)
Total liabilities and stockholders' deficit	$ 25,709	$ 6,985

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Convertible notes, unamortized discount	$ 83,441	$ 0
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	500,000,000	500,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	29,288,163	29,051,800
Common Stock, Shares Outstanding	29,288,163	29,051,800

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating expenses:
Depreciation		$ 1,184
General and administration	416,174	197,717
Total operating expenses	(416,174)	(198,901)
Amortization of debt discount	(100,174)
Interest expense	(6,183)
Change in fair value of derivative liability	(56,640)
Total other expense	(162,997)
Net loss	$ (579,171)	$ (198,901)
Net loss per share:
Basic and diluted	$ (0.02)	$ (0.01)
Weighted average shares outstanding:
Basic and diluted	29,091,310	29,051,800

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance at Dec. 31, 2017	$ 28,305	$ 3,095	$ (442,083)	$ (410,683)
Beginning Balance, Shares at Dec. 31, 2017	28,305,000
Sale of common stock	$ 747	185,953		186,700
Sale of common stock, in shares	746,800
Net Loss			(198,901)	(198,901)
Ending Balance at Dec. 31, 2018	$ 29,052	189,048	(640,984)	(422,884)
Ending Balance, Shares at Dec. 31, 2018	29,051,800
Common shares issued with convertible note	$ 50	19,910		19,960
Common shares issued with convertible note, in shares	50,000
Common stock issued for services	$ 186	139,722		$ 139,908
Common stock issued for services, in shares	186,363
Sale of common stock, in shares				50,000
Net Loss			(579,171)	$ (579,171)
Ending Balance at Dec. 31, 2019	$ 29,288	$ 348,680	$ (1,220,155)	$ (842,187)
Ending Balance, Shares at Dec. 31, 2019	29,288,163

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (579,171)	$ (198,901)
Adjustment to reconcile net loss to cash used in operating activities:
Stock based compensation	139,908
Depreciation expense		1,184
Amortization of debt discount	100,174
Loss on change in fair value of derivative liability	(56,640)
Net change in:
Prepaid assets	(18,318)	(5,700)
Accounts payable	16,991	10,149
Accounts payable - related party	36,282	20,341
CASH FLOWS USED IN OPERATING ACTIVITIES	(247,494)	(172,927)
CASH FLOWS FROM FINANCING ACTIVITIES:
Sale of common stock		186,700
Proceeds from convertible notes	165,000
Proceeds from notes payable, related party	3,000	20,012
Payments from notes payable, related party		(52,500)
Proceeds from notes payable, unrelated party	79,900	20,000
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	247,900	174,212
NET CHANGE IN CASH	406	1,285
Cash, beginning of period	1,285
Cash, end of period	1,691	1,285
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid on interest expenses
Cash paid for income taxes
NON-CASH TRANSACTIONS
Common stock issued with convertible notes	19,960
Debt discount created by derivative liability	$ 128,655

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation General Fourth Wave Energy, Inc. (formerly Pierre Corp.) (the “Company”) was incorporated in Nevada on January 21, 2011. Since its incorporation, the Company has attempted to become involved in a number of business ventures, all of which were unsuccessful and which it has abandoned. On March 16, 2020 we acquired all of the outstanding shares of Fourth Wave Energy, Inc. for 6,200,000 restricted shares of our common stock. On March 20, 2020, shareholders owning a majority of the Company’s outstanding shares of common stock amended the Company’s Articles of Incorporation to change the name of the Company from Pierre Corp. to Fourth Wave Energy, Inc. Fourth Wave has designed an energy system which is based on combining solar power and other energy efficient technologies into one fully integrated system. The Fourth Wave energy system is designed to significantly reduce energy consumption and associated carbon emissions in residences and commercial buildings. Fourth Wave plans to build five pilot projects as showcases for its technology. Prior to the change of business strategy to Fourth Wave the Company decided to become involved in the marijuana industry. The Company planned to own and operate medical and adult marijuana cultivation facilities, manufacturing facilities and dispensaries in California. On October 15, 2018 a shareholder owning a majority of the Company’s outstanding shares of common stock amended the Company’s Articles of Incorporation to: • change the name of the Company from Wadena Corp. to Pierre Corp. • reverse split the Company’s outstanding shares of common stock on a 5-for-1 basis. All per share disclosures retroactively reflect post-split shares. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the Company’s business plan.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies The financial statements have, in management's opinion, been properly prepared within the framework of the significant accounting policies summarized below: Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with an original purchase maturity of three months or less to be cash equivalents. Property and Equipment Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the useful lives as follows: Furniture and fixtures 7 years Equipment 5 years Fair Value of Financial Instruments The carrying value of short-term instruments, including cash, accounts payable and accrued expenses, and short-term notes approximate fair value due to the relatively short period to maturity for these instruments. The long-term debt approximate fair value since the related rates of interest approximate current market rates. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows: Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3: inputs to the valuation methodology are unobservable and significant to the fair value Fair Value Measurements The Company’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy. The following table presents information about the Company’s liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of December 31, 2019 and December 31, 2018: Fair value measured at December 31, 2019 Total carrying value at December 31, 2019 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Unobservable inputs (Level 3) Liabilities: Derivative liabilities $ 185,295 $ - $ - $ 185,295 Fair value measured at December 31, 2018 Total carrying value at December 31, 2018 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Unobservable inputs (Level 3) Liabilities: Derivative liabilities $ - $ - $ - $ - There were no transfers between Level 1, 2 or 3 during the periods. Fair value as of December 31, 2018 $ - Fair value on the date of issuance recorded as a debt discount 128,655 Fair value on the date of issuance recorded as a loss on derivatives 56,280 Gain on change in fair value of derivatives 360 Fair value as of December 31, 2019 $ 185,295 Beneficial Conversion Features If the conversion feature of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 47020 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method. Convertible debt The Company records a beneficial conversion feature related to the issuance of convertible debts that have conversion features at fixed or adjustable rates. The beneficial conversion feature for the convertible instruments is recognized and measured by allocating a portion of the proceeds as an increase in additional paid-in capital and as a reduction to the carrying amount of the convertible instrument equal to the intrinsic value of the conversion features. The beneficial conversion feature will be accreted by recording additional noncash interest expense over the expected life of the convertible notes. Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments and measurement of their fair value for accounting purposes. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt under ASC 470, the Company will continue its evaluation process of these instruments as derivative financial instruments under ASC 815. The Company applies the guidance in ASC 815-40-35-12 to determine the order in which each convertible instrument would be evaluated for derivative classification. Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. Income Taxes The Company uses the assets and liability method of accounting for income taxes. Under the assets and liability method deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Basic and Diluted Loss Per Share Basic loss per common share is computed by dividing net loss available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. As of December 31, 2019, the Company’s potentially dilutive shares, which were not included in the calculation of net loss per share, included notes convertible to 506,237 common shares. As of December 31, 2018, Company had no potentially dilutive shares or options. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (ASU 2016-02). Under ASU No. 2016-2, an entity is required to recognize right-of-use assets and lease liabilities (“ROU”) on its balance sheet and disclose key information about leasing arrangements. ASU No. 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. For public companies, The Company adopted this standard on January 1, 2019 using the modified retrospective method. The new standard provides a number of optional practical expedients in transition. The Company elected the ‘package of practical expedients’, which permitted the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs; and all of the new standard’s available transition practical expedients. The new standard also provides practical expedients for a company’s ongoing accounting. The Company elected the short-term lease recognition exemption for its leases. For those leases with a lease term of 12 months or less, the Company will not recognize ROU assets or lease liabilities. The Company also made an accounting policy election to combine lease and non-lease components of operating leases for all asset classes. The adoption of this new standard did not impact the Company. In June 2018, the FASB issued ASU No. 2018-07, Compensation Stock Compensation (Topic 718) - Improvements to Nonemployee Share-Based Payment Accounting, which aligns the accounting for share-based payment awards issued to employees and nonemployees. Under ASU No. 2018-07, the existing employee guidance will apply to nonemployee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for nonemployee awards. The Company adopted the provisions of the guidance on January 1, 2019 with no material impact on the Company’s consolidated financial statements and disclosures. The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Going Concern	Note 3. Going Concern These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At December 31, 2019, the Company had not yet achieved profitable operations and expects to incur further losses in the development of its business, all of which raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however, there is no assurance of additional funding being available.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 4. Related Party Transactions The related party advances are due to the former director and President of the Company for funds advanced. The advances are unsecured, non-interest bearing and have no specific terms for repayment. As of September 30, 2019, the advances totaled $6,000. Effective March 1, 2012, the Company agreed to pay the President of the Company $4,000 per month for management services if funds are available or to accrue such amount if funds are not available. Effective July 1, 2016, the Company agreed to pay the President of the Company $2,000 per month for management services if funds are available or to accrue such amount if funds are not available. Effective October 1, 2018, the Company agreed to pay the President of the Company $6,000 per month for management services if funds are available or to accrue such amount if funds are not available. Effective April 30, 2019, the Company agreed to pay the President of the Company $11,500 per month for management services if funds are available or to accrue such amount if funds are not available. The agreement is verbal and can be cancelled at any time. Accounts payable – related party are the fees earned but not yet paid of $189,877 and $164,841 at September 30, 2019 and December 31, 2018, respectively. Fees earned during the period are as follows: Nine months ended September 30, 2019 Nine months ended September 30, 2018 Management fees $ 87,000 $ 18,000 Robert Sawatsky, who was previously the President and CEO of the Company provided consulting services to the Company related to public company reporting with no expected compensation for the period ending June 30, 2019. During the nine months ended September 30, 2019 Mr. Sawatsky advanced $3,000 to the Company. The advance is unsecured, non-interest bearing and has no specific terms for repayment.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Notes Payable	Note 5. Notes Payable During the year ended December 31, 2018, the Company received a loan for $20,000 from an individual. The loan is in addition to the loans previously entered into by the Company, is unsecured, non-interest bearing, has no specific terms for repayment and payable on demand. As of December 31, 2018, the loans totaled $244,000. During the year ended December 31, 2019, the Company received advances of $79,900. The advances are unsecured, non-interest bearing, have no specific terms for repayment and payable on demand. As of December 31, 2019, the advances totaled $323,900

Convertible Notes Payable

Convertible Notes Payable	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Convertible Notes Payable	Note 6. Convertible Notes Payable and Derivative Liability On April 25, 2019, the Company borrowed $30,000 from an unrelated third party. The unsecured loan had an original issuance discount of $2,500 plus an additional $2,500 to pay for transaction fees of the lender, which will be amortized over the life of the note . The loan bears interest at a rate of 9% and is due and payable on October 25, 2019 and is currently past due. If a default notice is received the interest rate will be 18%. The Company may prepay the loan by paying the lender the outstanding loan principal and accrued interest plus premiums ranging from 5% to 25% and accrued interest. The unpaid principal is convertible into shares of the Company’s common stock at the conversion price. The conversion price is 50% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days immediately prior to the date of conversion. Due to the variable conversion feature the note conversion feature was bifurcated from the note and recorded as a derivative liability. The day one derivative liability was $28,112 which was recorded as a discount on the note payable and a day one loss on the derivative liability of $9,362. In addition, the note holder was issued 25,000 shares of common stock with a relative fair value of $6,250 which was recorded as a debt discount and will be amortized over the life of the note. As of December 31, 2019, the balance on the loan, net of unamortized discount of $0, is $30,000. On June 4, 2019, the Company borrowed $55,000 from an unrelated third party. The unsecured loan had an original issuance discount of $5,000 which will be amortized over the life of the note. The loan bears interest at a rate of 10% and is due and payable on March 4, 2020. At any time on or before December 1, 2019 the Company may prepay the loan by paying the lender the outstanding loan principal and accrued interest plus premiums ranging from 20% to 40%. After December 1, 2019, the Company may not repay the loan without the consent of the lender. At any time after December 1, 2019, the unpaid principal is convertible into shares of the Company’s common stock at the conversion price. The conversion price is 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days immediately prior to the date of conversion. Due to the variable conversion feature the note conversion feature was bifurcated from the note and recorded as a derivative liability. The day one derivative liability was $33,615 which was recorded as a discount on the note payable. As of December 31, 2019, the balance on the loan, net of unamortized discount of $9,019, is $45,981. On September 9, 2019, the Company borrowed $30,000 from an unrelated third party. The unsecured loan had an original issuance discount of $2,500 plus an additional $2,500 to pay for transaction fees of the lender, which will be amortized over the life of the note. The loan bears interest at a rate of 9% and is due and payable on March 9, 2020. The Company may prepay the loan by paying the lender the outstanding loan principal and accrued interest plus premiums ranging from 5% to 25% and accrued interest. The unpaid principal is convertible into shares of the Company’s common stock at the conversion price. The conversion price is 50% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days immediately prior to the date of conversion. Due to the variable conversion feature the note conversion feature was bifurcated from the note and recorded as a derivative liability. The day one derivative liability was $31,581, of which $20,291 was recorded as a day one loss on the derivative liability and an additional $11,290 was recorded as a discount on the notes payable. In addition, the note holder was issued 25,000 shares of common stock with a relative fair value of $13,710 which was recorded as a debt discount and will be amortized over the life of the note. As of December 31, 2019, the balance on the loan, net of unamortized discount of $11,373, is $18,627. On November 14, 2019, the Company borrowed $85,000 from an unrelated third party. The unsecured loan had an original issuance discount of $20,000, which will be amortized over the life of the note. The loan bears interest at a rate of 9% and is due and payable on May 14, 2020. The Company may prepay the loan by paying the lender the outstanding loan principal and accrued interest plus premiums ranging from 5% to 25% and accrued interest. The unpaid principal is convertible into shares of the Company’s common stock at the conversion price. The conversion price is 50% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days immediately prior to the date of conversion. Due to the variable conversion feature the note conversion feature was bifurcated from the note and recorded as a derivative liability. The day one derivative liability was $89,071, of which $24,071 was recorded as a day one loss on the derivative liability and an additional $65,000 was recorded as a discount on the notes payable. As of December 31, 2019, the balance on the loan, net of unamortized discount of $63,049, is $21,951. As of December 31, 2019, the total derivative liability on the above notes was adjusted to a fair value of $185,295. During the year ended December 31, 2019, $100,174 of the discount was amortized leaving an unamortized balance of $83,441. The fair value of the conversion option was estimated using the Black-Scholes option pricing model and the following assumptions during the period: fair value of stock $0.25 - $1.10, volatility of 51% - 59% based on a comparable company peer group, expected term of 0.32 – 1.00 years, risk-free rate of 1.5% - 2.3% and a dividend yield of 0%.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2019
Capital Stock
Capital Stock	Note 7. Capital Stock Between May and August 2018, third party investors purchased 746,800 shares of the Company’s common stock at a price of $0.25 per share for gross proceeds of $186,700. The Company relied upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933 in connection with the sale of the common stock described above. On October 15, 2018, the Company’s Board of Directors declared a five-for-one reverse stock split of the Company’s common stock. The record date for the stock split was October 15, 2018. Shareholders of record as of the close of business on the record date received one share of common stock of the Company for every five shares that they owned on such date. The earnings per share calculations and share data for all periods presented have been recast to reflect the impact of the stock split on outstanding shares. During the year ended December 31, 2019 the Company issued 50,000 shares of its restricted common stock to the third party that provided the Company with the $60,000 in loans described in Note 5. On November 4, 2019, the Company issued 50,000 common shares to a consultant for services. The fair value of the shares was $39,000 and was recognized as of December 31, 2019. During the year ended December 31, 2019, $39,000 of expense was recognized. On November 14, 2019, the Company entered into an Equity Purchase Agreement with Tiger Trout Capital, LLC (“TTC”). Under the Agreement, TTC agreed to provide the Company with up to $2,500,000 of funding through the purchase of shares of the Company's common stock. As of December 31, 2019, the Company issued 136,363 shares of its common stock with a fair value of $100,908 to TTC pursuant to this agreement as an inducement to enter the agreement.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 8. Income Taxes The cumulative tax effect at the expected rate of 21% of significant items comprising the Company’s net deferred tax amount is as follows: December 31, 2019 December 31, 2018 Deferred tax asset attributable to: Net operating loss $ 193,200 $ 134,600 Valuation allowance (193,200) (134,600) Net $ - $ - A reconciliation of income tax provision to the provision that would be recognized under the statutory rates is as follows: December 31, 2019 December 31, 2018 Benefit attributable to operating loss $ 121,600 $ 41,800 Non-deductible expenses (63,000) - Impact of change in tax rate - - Valuation allowance (58,600) (41,800) Net provision $ - $ - The amount taken into income as deferred tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide an allowance of 100% against all available income tax loss carry forwards, regardless of their time of expiry. No provision for income taxes has been provided in these financial statements due to the net loss. At December 31, 2019, the Company has net operating loss carry forwards, which expire commencing in 2031, totaling approximately $920,000, the benefit of which has not been recorded in the financial statements.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 9. Subsequent Events On January 15, 2020, the Company converted $20,000 in advances from an unrelated third party into a promissory note. The unsecured note bears an interest rate of 8% and matures on January 15, 2021. On January 23, 2020, the Company borrowed $120,000 from an unrelated third party. The loan had an original issuance discount of $10,500, which will be amortized over the life of the note. The loan bears interest at a rate of 10% and is due and payable on January 22, 2021. The Company may prepay the loan by paying the lender the outstanding loan principal and accrued interest plus premiums ranging from 5% to 25% and accrued interest. The unpaid principal is convertible into shares of the Company’s common stock at the conversion price. The conversion price is 45% of the lowest trading price of the Company’s common stock during the 25 consecutive trading days immediately prior to the date of conversion. During February and March 2020 the Company sold convertible notes in the principal amount of $164,000. The notes are unsecured, bear interest at 8% per year, and are due and payable on February 15, 2021. At the option of the holder, the notes can be converted into shares of the Company’s common stock. The number of shares of the Company’s common stock which will be issued upon any conversion will be determined by dividing the amount to be converted by $0.25. On March 16, 2020 the Company acquired all of the outstanding shares of Fourth Wave Energy, Inc. for 6,200,000 restricted shares of the Company’s common stock. In connection with this acquisition the Company entered into consulting agreements with certain founders of Fourth Wave. The consulting agreements require the Company to collectively pay $385,000 in consulting fees during the terms of the consulting agreements, all but one of which expire between May 31 and June 30, 2020. One consulting agreement is for a twelve month period and expires in the Spring of 2021. On March 20, 2020, shareholders owning a majority of the Company's outstanding shares of common stock amended the Company's Articles of Incorporation to change the name of the Company from Pierre Corp. to Fourth Wave Energy, Inc. On March 26, 2020, the Company designated 1,000 shares of its original 5,000,000 authorized shares of Preferred Stock as Series A Preferred Stock (“Series A”) with a $0.01 par value. Each Series A Preferred share entitles the holder to vote on all matters submitted to a vote of our shareholders or with respect to actions that may be taken by written consent. The Series A holders shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, annual dividends payable in cash on the 31st day of December in each year, commencing on December 3l, 2020 at the rate of $0.10 per share per year. On March 26, 2020, we issued 1,000 shares of our Series A preferred stock to J. Jacob Isaacs. In March 2020 the Director General of the World Health Organization declared COVID-19 a pandemic. We are still assessing the impact COVID-19 may have on our business, but there can be no assurance that this analysis will enable us to avoid part or all of any impact from the spread of COVID-19 or its consequences, including downturns in business sentiment generally. The extent to which the COVID-19 pandemic and global efforts to contain its spread will impact our operations will depend on future developments, which are highly uncertain and cannot be predicted at this time, and include the duration, severity and scope of the pandemic and the actions taken to contain or treat the COVID-19 pandemic.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Summary Of Significant Accounting Policies
Use of Estimates	Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original purchase maturity of three months or less to be cash equivalents.
Property and Equipment	Property and Equipment Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the useful lives as follows: Furniture and fixtures 7 years Equipment 5 years
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying value of short-term instruments, including cash, accounts payable and accrued expenses, and short-term notes approximate fair value due to the relatively short period to maturity for these instruments. The long-term debt approximate fair value since the related rates of interest approximate current market rates. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows: Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3: inputs to the valuation methodology are unobservable and significant to the fair value
Fair Value Measurements	Fair Value Measurements The Company’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy. The following table presents information about the Company’s liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of December 31, 2019 and December 31, 2018: Fair value measured at December 31, 2019 Total carrying value at December 31, 2019 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Unobservable inputs (Level 3) Liabilities: Derivative liabilities $ 185,295 $ - $ - $ 185,295 Fair value measured at December 31, 2018 Total carrying value at December 31, 2018 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Unobservable inputs (Level 3) Liabilities: Derivative liabilities $ - $ - $ - $ - There were no transfers between Level 1, 2 or 3 during the periods. Fair value as of December 31, 2018 $ - Fair value on the date of issuance recorded as a debt discount 128,655 Fair value on the date of issuance recorded as a loss on derivatives 56,280 Gain on change in fair value of derivatives 360 Fair value as of December 31, 2019 $ 185,295
Beneficial Conversion Features	Beneficial Conversion Features If the conversion feature of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 47020 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method.
Convertible debt	Convertible debt The Company records a beneficial conversion feature related to the issuance of convertible debts that have conversion features at fixed or adjustable rates. The beneficial conversion feature for the convertible instruments is recognized and measured by allocating a portion of the proceeds as an increase in additional paid-in capital and as a reduction to the carrying amount of the convertible instrument equal to the intrinsic value of the conversion features. The beneficial conversion feature will be accreted by recording additional noncash interest expense over the expected life of the convertible notes.
Derivative Financial Instruments	Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments and measurement of their fair value for accounting purposes. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt under ASC 470, the Company will continue its evaluation process of these instruments as derivative financial instruments under ASC 815. The Company applies the guidance in ASC 815-40-35-12 to determine the order in which each convertible instrument would be evaluated for derivative classification. Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives.
Income Taxes	Income Taxes The Company uses the assets and liability method of accounting for income taxes. Under the assets and liability method deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
Basic and Diluted Loss Per Share	Basic and Diluted Loss Per Share Basic loss per common share is computed by dividing net loss available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. As of December 31, 2019, the Company’s potentially dilutive shares, which were not included in the calculation of net loss per share, included notes convertible to 506,237 common shares. As of December 31, 2018, Company had no potentially dilutive shares or options.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (ASU 2016-02). Under ASU No. 2016-2, an entity is required to recognize right-of-use assets and lease liabilities (“ROU”) on its balance sheet and disclose key information about leasing arrangements. ASU No. 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. For public companies, The Company adopted this standard on January 1, 2019 using the modified retrospective method. The new standard provides a number of optional practical expedients in transition. The Company elected the ‘package of practical expedients’, which permitted the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs; and all of the new standard’s available transition practical expedients. The new standard also provides practical expedients for a company’s ongoing accounting. The Company elected the short-term lease recognition exemption for its leases. For those leases with a lease term of 12 months or less, the Company will not recognize ROU assets or lease liabilities. The Company also made an accounting policy election to combine lease and non-lease components of operating leases for all asset classes. The adoption of this new standard did not impact the Company. In June 2018, the FASB issued ASU No. 2018-07, Compensation Stock Compensation (Topic 718) - Improvements to Nonemployee Share-Based Payment Accounting, which aligns the accounting for share-based payment awards issued to employees and nonemployees. Under ASU No. 2018-07, the existing employee guidance will apply to nonemployee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for nonemployee awards. The Company adopted the provisions of the guidance on January 1, 2019 with no material impact on the Company’s consolidated financial statements and disclosures. The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Basis Of Presentation Policies Abstract
Schedule of Change in Fair Value of Derivative Liability	The following table presents information about the Company’s liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of December 31, 2019 and December 31, 2018: Fair value measured at December 31, 2019 Total carrying value at December 31, 2019 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Unobservable inputs (Level 3) Liabilities: Derivative liabilities $ 185,295 $ - $ - $ 185,295 Fair value measured at December 31, 2018 Total carrying value at December 31, 2018 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Unobservable inputs (Level 3) Liabilities: Derivative liabilities $ - $ - $ - $ -

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Fees earned during the period are as follows: Nine months ended September 30, 2019 Nine months ended September 30, 2018 Management fees $ 87,000 $ 18,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Income Taxes Tables Abstract
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The cumulative tax effect at the expected rate of 21% of significant items comprising the Company’s net deferred tax amount is as follows: December 31, 2019 December 31, 2018 Deferred tax asset attributable to: Net operating loss $ 193,200 $ 134,600 Valuation allowance (193,200) (134,600) Net $ - $ -
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	A reconciliation of income tax provision to the provision that would be recognized under the statutory rates is as follows: December 31, 2019 December 31, 2018 Benefit attributable to operating loss $ 121,600 $ 41,800 Non-deductible expenses (63,000) - Impact of change in tax rate - - Valuation allowance (58,600) (41,800) Net provision $ - $ -

Basis of Presentation (Details

Basis of Presentation (Details Narrative)	Oct. 15, 2018
Basis Of Presentation
Business Combination, Reason for Business Combination	Fourth Wave has designed an energy system which is based on combining solar power and other energy efficient technologies into one fully integrated system. The Fourth Wave energy system is designed to significantly reduce energy consumption and associated carbon emissions in residences and commercial buildings. Fourth Wave plans to build five pilot projects as showcases for its technology.
Business Acquisition, Name of Acquired Entity	Fourth Wave Energy, Inc.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2019
Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life	7 years
Equipment [Member]
Property, Plant and Equipment, Useful Life	5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 2) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Derivative liabilities	$ 185,295
Fair Value, Recurring [Member]
Derivative liabilities	185,295
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative liabilities	$ 185,295

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details 3)	12 Months Ended
	Dec. 31, 2019USD ($)
Fair value, Beginning
Fair value, Ending	185,295
Fair Value, Recurring [Member]
Fair value, Beginning
Fair value, Ending	185,295
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, Beginning
Fair value on the date of issuance recorded as a debt discount	128,655
Fair value on the date of issuance recorded as a loss on derivatives	56,280
Gain on change in fair value of derivatives	360
Fair value, Ending	$ 185,295

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Management fees	$ 121,500	$ 36,000

Related Party Transactions (D_2

Related Party Transactions (Details Narrative) - USD ($)	Apr. 30, 2019	Oct. 02, 2018	Jul. 02, 2016	Mar. 01, 2012	Dec. 31, 2019	Dec. 31, 2018
Accounts payable - related party are the fees earned but not yet paid					$ 104,623	$ 68,341
President [Member] | Management Service [Member]
Management Services to President per month	$ 11,500	$ 6,000	$ 2,000	$ 4,000

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure Notes Payable Details Narrative Abstract
Notes Payable	$ 323,900	$ 244,000
Company Received advance for unrelated parties	$ 79,900

Equity Transactions (Details Na

Equity Transactions (Details Narrative) - USD ($)	Oct. 15, 2018	Aug. 31, 2018	Dec. 31, 2019
Disclosure Equity Transactions Details Narrative Abstract
Number of common stock issued		746,800	50,000
Reverse Stock Split	The Company's Board of Directors declared a five-for-one reverse stock split of the Company's common stock. The record date for the stock split was October 15, 2018.
Proceeds from issuance of Common Stock		$ 186,700	$ 60,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred tax asset attributable to:
Net operating loss	$ 193,200	$ 134,600
Valuation allowance	(193,200)	(134,600)
Net

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Benefit attributable to operating loss	$ 121,600	$ 41,800
Non-deductible expenses	(63,000)
Impact of change in tax rate
Valuation allowance	(58,600)	(41,800)
Net provision

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2019USD ($)
Income Tax Disclosure [Abstract]
Net Operating CarryForward Loss	$ 920,000
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2031
Reconciliation of income tax provision under the statutory rates	21.00%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Mar. 26, 2020	Mar. 16, 2020	Jan. 23, 2020	Jan. 15, 2020	Dec. 31, 2019	Dec. 31, 2018
Note Discount					$ 83,441	$ 0
Preferred Stock, Shares Issued					0	0
Subsequent Event [Member] | Preferred Stock [Member] | Series A Preferred Stock [Member] | J. Jacob Isaacs
Voting Rights	Each Series A Preferred share entitles the holder to vote on all matters submitted to a vote of our shareholders or with respect to actions that may be taken by written consent.
Preferred Stock, Shares Issued	1,000
Subsequent Event [Member] | Fourth Wave Energy, Inc. | Restricted Shares [Member]
Shares Purchased during Business Acquisition		6,200,000
Consulting Fees		$ 385,000
Subsequent Event [Member] | Promissory Note from Unrelated Third Party
Original Note Amount				$ 20,000
Note, Inception Date				Jan. 15, 2020
Note, Maturity Date				Jan. 15, 2021
Note, Variable Interest Rate				8.00%
Subsequent Event [Member] | Promissory Note from Unrelated Third Party
Original Note Amount			$ 120,000
Note, Inception Date			Jan. 23, 2020
Note, Maturity Date			Jan. 22, 2021
Note, Variable Interest Rate			10.00%
Note Discount			$ 10,500