Edgemode (EDGM) 10-K 17 Apr 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Apr. 14, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-55647
Entity Registrant Name	Edgemode, Inc.
Entity Central Index Key	0001652958
Entity Tax Identification Number	47-4046237
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	110 E. Broward Blvd.
Entity Address, Address Line Two	Suite 1700
Entity Address, City or Town	Ft. Lauderdale
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33301
City Area Code	707
Local Phone Number	687-9093
Title of 12(g) Security	Common stock, par value $0.001 per share
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 26,053,960
Entity Common Stock, Shares Outstanding		390,437,459
Auditor Firm ID	2738
Auditor Name	M&K CPAS, PLLC
Auditor Location	Houston, TX

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 70	$ 23,942
Subscription receivable	0	158,850
Prepaid expenses and other current assets	27,638	22,373
Prepaid hosting services	894,355	1,586,297
Deferred offering costs	264,706	0
Total current assets	1,186,769	1,791,462
Intangible assets - cryptocurrencies	2,630	303,199
Equipment, net	0	3,520,443
Total assets	1,189,399	5,615,104
Current liabilities:
Accounts payable and accrued expenses	869,524	145,855
Accrued payroll	487,159	0
Accrued dividends	6,190	42,843
Equipment notes payable	1,179,972	932,273
Notes payable	35,000	1,657,580
Series B preferred shares liability, net	205,226	0
Total current liabilities	2,783,071	2,778,551
Equipment notes payable, net of current	0	359,925
Total liabilities	2,783,071	3,138,476
Commitments and contingencies
Preferred shares of EdgeMode	0	341,730
Stockholders' equity (deficit):
Preferred shares, $0.001 par value, 4,999,000 shares authorized December 31, 2022 and 2021; zero 0 issued and outstanding December 31, 2022 and 2021	0	0
Common shares, 950,000,000 and 500,000,000 shares authorized, December 31, 2022 and December 31, 2021; Par value $0.001; 390,437,459 and 292,179,345 shares issued and outstanding, December 31, 2022 and 2021, respectively	390,437	292,179
Additional paid-in capital	33,896,019	5,476,850
Accumulated deficit	(35,880,128)	(3,634,131)
Stockholders' equity (deficit)	(1,593,672)	2,134,898
Total liabilities and stockholders' equity (deficit)	$ 1,189,399	$ 5,615,104

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	4,999,000	4,999,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Authorized	950,000,000	500,000,000
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, Shares Issued	390,437,459	292,179,345
Common Stock, Shares Outstanding	390,437,459	292,179,345

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 438,042	$ 1,572,906
Cost of revenue	812,882	1,347,337
Gross margin	(374,840)	225,569
Operating expenses:
General and administrative expenses	27,784,864	3,495,161
Loss on sale of equipment and impairment	3,075,748	0
Loss on cryptocurrencies	154,252	36,485
Total operating expenses	31,014,864	3,531,646
Loss from operations	(31,389,704)	(3,306,077)
Other expense:
Interest expense	(148,119)	(217,467)
Other expense	(708,174)	(35,211)
Total other expense	(856,293)	(252,678)
Loss before provision for income taxes	(32,245,997)	(3,558,755)
Provision for income taxes	0	0
Net loss	(32,245,997)	(3,558,755)
Preferred Dividends	0	(42,843)
Net loss to common shareholders	$ (32,245,997)	$ (3,601,598)

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Earnings Per Share, Basic	$ (0.09)	$ (0.02)
Earnings Per Share, Diluted	$ (0.09)	$ (0.02)
Weighted Average Number of Shares Outstanding, Basic	377,574,305	230,528,243
Weighted Average Number of Shares Outstanding, Diluted	377,574,305	230,528,243

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020		$ 190,735	$ 245,576	$ (75,376)	$ 360,935
Beginning balance , shares at Dec. 31, 2020		190,734,649
Common shares issued in exchange for cash		$ 46,674	2,447,133		2,493,807
Common shares issued in exchange for cash, shares		46,674,281
Preferred shares issued in exchange for cash	$ 334,980
Preferred Shares issued in exchange for cash , shares	125,001
Common shares issued in exchange for cryptocurrency		$ 1,889	160,530		162,419
Common shares issued in exchange for cryptocurrency, shares		1,888,787
Common shares issued for exercise of options		$ 8,883	146,550		155,433
Common shares issued for exercise of options, shares		8,883,496
Common shares issued for exercise of options - cashless		$ 43,734	(43,734)
Common shares issued for exercise of options cashless, shares		43,733,770
Common shares issued for exercise of options - cryptocurrency		$ 264	3,423		3,687
Common shares issued for exercise of options cryptocurrency, shares		264,362
Stock-based compensation	$ 6,750		2,530,668		2,530,668
Common shares issued in exchange for services, shares	2,206
Contribution of Cryptocurrency from related party			29,547		29,547
Preferred dividends			(42,843)		(42,843)
Net loss				(3,558,755)	(3,558,755)
Ending balance, value at Dec. 31, 2021	$ 341,730	$ 292,179	5,476,850	(3,634,131)	2,134,898
Ending balance , shares at Dec. 31, 2021	127,207	292,179,345
Recapitalization of reverse merger		$ 69,258	2,600,694		2,669,952
Common shares issued in exchange for cash		$ 1,617	564,398		566,015
Common shares issued in exchange for cash, shares		1,617,756
Common shares issued in exchange for cryptocurrency		$ 79	49,921		50,000
Common shares issued in exchange for cryptocurrency, shares		78,638
Common shares issued in exchange for compensation		$ 4,000	314,000		318,000
Stock-based compensation			24,264,181		24,264,181
Common shares issued in exchange for services, shares		4,000,000
Net loss				(32,245,997)	(32,245,997)
Conversion of preferred shares into common	$ (341,730)	$ 20,797	363,776		384,573
Beginning balance , shares	(127,207)	(20,796,933)
Beginning balance , shares	127,207	20,796,933
Recapitalization of reverse merger, shares		69,257,668
Common shares issued in exchange for deferred financing costs		$ 2,521	262,185		264,706
Common shares issued in exchange for deferred financing costs, shares		2,521,008
Common shares cancelled pursuant to SEC Legal case		$ (14)	14
Common shares cancelled pursuant to SEC legal case , shares		(13,889)
Ending balance, value at Dec. 31, 2022		$ 390,437	$ 33,896,019	$ (35,880,128)	$ (1,593,672)
Ending balance , shares at Dec. 31, 2022		390,437,459

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Activities:
Net loss	$ (32,245,997)	$ (3,558,755)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	630,670	836,174
Amortization	3,976	0
Interest expense on principal default	95,926	0
Loss on sale of equipment and impairment	3,075,748	34,933
Stock-based compensation	24,582,181	2,537,418
Cryptocurrency used for compensation	144,423	0
Loss on cryptocurrency transactions	154,252	36,485
Loss on prepaid hosting termination	691,942	0
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	144,315	(1,608,670)
Cryptocurrencies - mining	(438,042)	(1,572,906)
Accounts payable and accrued expenses	504,139	125,855
Accrued payroll	487,159	0
Lease liabilities	0	44,329
Net cash used in operating activities	(2,169,308)	(3,125,137)
Investing Activities:
Cash acquired in acquisition	743,513	0
Purchase of equipment	(245,976)	(1,339,000)
Proceeds from sale of equipment	60,000	8,000
Proceeds from sale of cryptocurrencies	489,936	1,043,242
Net cash provided by investing activities	1,047,473	(287,758)
Financing Activities:
Proceeds from issuance of common shares, net of offering costs	566,015	2,334,957
Proceeds from subscription receivable	158,850	0
Proceeds from issuance of preferred shares, net of offering costs	201,250	334,980
Proceeds from exercise of common stock options	0	155,433
Payments on equipment notes payable	(208,152)	(1,149,393)
Proceeds from notes payable	380,000	1,700,000
Payments on notes payable	0	(1,575)
Net cash provided by financing activities	1,097,963	3,374,402
Net change in cash	(23,872)	(38,493)
Cash - beginning of period	23,942	62,435
Cash - end of period	70	23,942
Supplemental Disclosures:
Interest paid	89,993	217,467
Income taxes paid	0	0
Supplemental Disclosures of Noncash Financing Information:
Shares issued for deferred financing costs	264,706	0
Shares issued for cryptocurrency assets	50,000	162,419
Equipment financed with notes payable	0	2,441,591
Conversion of preferred shares into common shares	384,573	0
Accrued dividends	0	42,843
Cryptocurrency assets contributed by related party	0	29,547
Equipment purchased with cryptocurrency assets	0	363,008
Equipment sold in exchange for cryptocurrency assets	0	62,549
Common shares cancelled pursuant to SEC legal case	14	0
Subscription receivable	0	158,850
Loans settled through release of restricted cryptocurrency assets	0	85,174
Option exercise paid with cryptocurrency assets	$ 0	$ 3,687

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2022
Basis Of Presentation
Basis of Presentation	Note 1. Basis of Presentation Edgemode, Inc. (Formerly Fourth Wave Energy, Inc.) (“we”, “our”, 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., a Colorado corporation (“FWI”), 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. In connection with the acquisition of FWI in March 2020, the Company entered into consulting agreements with certain founders of FWI. The consulting agreements require the Company to collectively pay $379,850 in consulting fees during the terms of the consulting agreements. In March 2021 the Company agreed to sell the FWI technologies and its business plan to GeoSolar Technologies, Inc. a Colorado corporation (“GST”) in exchange for 10,000,000 shares of GST common stock (the “GST Shares”), such GST Shares distributable to the Company’s shareholders. As a part of this transaction, the consultants agreed to release the Company from any liability for any consulting fees owed to them by the Company and return a portion of the Company’s common stock held by such consultants. During the year ended December 31, 2021, 4,700,000 Ex-Dividend Date: 12/06/2021 Record Date: 12/07/2021 Distribution Date: 12/14/2021 Merger Agreement Effective January 31, 2022 (the “Effective Time”), the Company, FWAV Acquisition Corp., a Wyoming corporation and wholly owned subsidiary of the Company (the “Acquisition Subsidiary”) and EdgeMode, a Wyoming corporation (“EdgeMode”) closed on the previously disclosed Agreement and Plan of Merger and Reorganization dated December 2, 2021 (the “Merger Agreement”). In accordance with the Merger Agreement, Acquisition Subsidiary merged with and into EdgeMode (the “Merger” or “Transaction”), with EdgeMode remaining as the surviving entity after the Merger and becoming a wholly owned subsidiary of the Company. In the Merger, the shares of common stock, no par value per share, of EdgeMode issued and outstanding immediately prior to the Effective Time, represent 80% of the Company’s outstanding common stock on a fully diluted basis (or 313,950,672 shares of common stock). Furthermore, pursuant to the terms of the Merger the Company’s sole shareholder of the Company’s preferred stock converted such shares into 1,000 Joseph Isaacs, the Company’s sole officer and director resigned as an executive officer and director. Pursuant to the terms of the Merger Mr. Isaacs will provide services to the Company in a consultancy capacity at a fee of $11,500 per month and has been issued a stock option grant to purchase up to 19,987,095 0.40 250,000 Simultaneously with the Merger, approximately $ 4,574,132 18,296,528 988,000 The merger was accounted for as a reverse merger, whereby EdgeMode Wyoming was considered the accounting acquirer and became our wholly-owned subsidiary. In accordance with the accounting treatment for a “reverse merger”, the Company’s historical financial statements prior to the reverse merger has been replaced with the historical financial statements of EdgeMode Wyoming prior to the reverse merger. The financial statements after completion of the reverse merger include the assets, liabilities, and results of operations of the combined company from and after the closing date of the reverse merger, with only certain aspects of pre-consummation stockholders’ equity remaining in the consolidated financial statements. On June 3, 2022 the Company changed its name from Fourth Wave Energy Inc. to Edgemode, Inc.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“US GAAP”). The accompanying financial statements include all the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for the fair presentation of the financial statements for the years presented have been included. Principles of consolidation The accompanying consolidated financial statements include the accounts of Edgemode, Inc., the accounts of its 100% owned subsidiaries, EdgeMode and Edgemode Mine Co UK Limited. All intercompany transactions and balances have been eliminated in consolidation. Reclassification of Comparative Period Presentation The Company is reclassifying its financial statements for the year-ended ended December 31, 2021. These financial statements represent a reclassification of certain prior year account classifications and footnotes. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term. Risks and Uncertainties The Company's business and operations are sensitive to general business and economic conditions in the United States and other countries that the Company operates in. A host of factors beyond the Company's control could cause fluctuations in these conditions. Adverse conditions may include recession, downturn or otherwise, local competition or changes in consumer taste. These adverse conditions could affect the Company's financial condition and the results of its operations. Cash and Cash Equivalents The Company considers short-term, highly liquid investment with original maturities of three months or less at the time of purchase to be cash equivalents. Cash consists of funds held in the Company’s checking account. Fixed Assets Equipment is recorded at cost. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are expensed. When equipment is retired or sold, the cost and related accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in income. Depreciation is provided using the straight-line method, based on useful lives of the assets which range from three to fifteen years The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of the assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition, and other economic factors. Fair Value Measurements Generally accepted accounting principles define fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price) and such principles also establish a fair value hierarchy that prioritizes the inputs used to measure fair value using the following definitions (from highest to lowest priority): · Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. · Level 2 – Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data by correlation or other means. · Level 3 – Prices or valuation techniques requiring inputs that are both significant to the fair value measurement and unobservable. The Company has no assets or liabilities valued using level 1, level 2, or level 3 inputs as of December 31, 2020. Income Taxes Income taxes are provided for the tax effects of transactions reporting in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of receivables, inventory, property and equipment, intangible assets, and accrued expenses for financial and income tax reporting. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Any deferred tax items of the Company have been fully valued based on the determination of the Company that the utilization of any deferred tax assets is uncertain. The Company complies with FASB ASC 740 for accounting for uncertainty in income taxes recognized in a company’s financial statements, which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. FASB ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company believes that its income tax positions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position. Revenue Recognition We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers. This standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. The Company has entered into digital asset mining pools by executing contracts, as amended from time to time, with the mining pool operators to provide computing power to the mining pool. The contracts are terminable at any time by either party and the Company’s enforceable right to compensation only begins when the Company provides computing power to the mining pool operator. In exchange for providing computing power, the Company is entitled to a fractional share of the fixed cryptocurrency award the mining pool operator receives (less digital asset transaction fees to the mining pool operator which are recorded as a component of cost of revenues), for successfully adding a block to the blockchain. The terms of the agreement provides that neither party can dispute settlement terms after thirty-five days following settlement. The Company’s fractional share is based on the proportion of computing power the Company contributed to the mining pool operator to the total computing power contributed by all mining pool participants in solving the current algorithm. Providing computing power in digital asset transaction verification services is an output of the Company’s ordinary activities. The provision of providing such computing power is the only performance obligation in the Company’s contracts with mining pool operators. The transaction consideration the Company receives, if any, is noncash consideration, which the Company measures at fair value on the date received, which is not materially different than the fair value at contract inception or the time the Company has earned the award from the pools. The consideration is all variable. Because it is not probable that a significant reversal of cumulative revenue will not occur, the consideration is constrained until the mining pool operator successfully places a block (by being the first to solve an algorithm) and the Company receives confirmation of the consideration it will receive, at which time revenue is recognized. There is no significant financing component in these transactions. Fair value of the cryptocurrency award received is determined using the quoted price of the related cryptocurrency at the time of receipt. There is currently no specific definitive guidance under GAAP or alternative accounting framework for the accounting for cryptocurrencies recognized as revenue or held, and management has exercised significant judgment in determining the appropriate accounting treatment. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies, which could have an effect on the Company’s consolidated financial position and results from operations. Stock-Based Compensation The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 2018-07 (ASC 2018-07). All transactions in which the consideration provided in exchange for the purchase of goods or services consists of the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty’s performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance. The Company accounts for equity-based transactions with non-employees under the provisions of ASC Topic No. 505-50, “Equity-Based Payments to Non-Employees” (“Topic No. 505-50”). Topic No. 505-50 establishes that equity-based payment transactions with non-employees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. Advertising The Company expenses advertising costs as they are incurred. Deferred Offering Costs The Company has capitalized qualified direct costs related to its efforts to raise capital through a sale of its common stock in a private offering. Deferred offering costs will be deferred until the completion of the private offering, at which time they will be reclassified to additional paid-in capital as a reduction of the offering proceeds. If the Company terminates the planned offering or there is a significant delay, all of the deferred offering costs will be immediately written off to operating expenses. As of December 31, 2022, $ 264,706 Recent Accounting Pronouncements There are no recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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, 2022 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.

Reverse Merger Transaction

Reverse Merger Transaction	12 Months Ended
	Dec. 31, 2022
Reverse Merger Transaction
Reverse Merger Transaction	Note 4. Reverse Merger Transaction Pursuant to the terms of the Merger Agreement, and in exchange for all 100% of the issued and outstanding shares of EdgeMode Wyoming, the shareholders of EdgeMode received an aggregate of 313,950,672 shares of common stock, par value $.001 per share, of the Company. Prior to the Merger, EdgeMode Wyoming was authorized to issue 300,000 shares of preferred stock with no par value per share, of which 261,438 were designated as Series Seed Preferred Stock (“Series Seed Preferred”). Immediately prior to the Merger, the holders of the Series Seed Preferred stock converted the shares into 261,438 shares of EdgeMode Wyoming common stock. As a result of the Reverse Merger, the Company has acquired the following assets and liabilities which were recorded at the pre-combination carrying basis. The assets acquired and liabilities assumed are as follows: Schedule of assets acquired and liabilities January 31, 2022 Cash $ 743,513 Prepaids 149,580 Note receivable - EdgeMode 2,040,447 Accounts payable (7,774 ) Other accrued Expenses (196,500 ) Accrued interest (24,314 ) Notes payable (35,000 ) Total identified net assets $ 2,669,952

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions Pursuant to the terms of the Merger Mr. Isaacs will provide services to the Company in a consultancy capacity at a fee of $11,500 per month and has been issued a stock option grant to purchase up to 19,987,095 0.40 250,000 0 During the year ended December 31, 2022, the Company granted options to the officers and a consultant of the Company to purchase up to 65,920,895 0.40 During the year ended December 31, 2022, the Company granted options to the officers of the Company to purchase up to 153,239,206 0.10 As of December 31, 2022 the Company owed the executive officers of the Company $ 487,159

Prepaid Hosting Services

Prepaid Hosting Services	12 Months Ended
	Dec. 31, 2022
Prepaid Hosting Services
Prepaid Hosting Services	Note 6. Prepaid Hosting Services Prepaid hosting services are amounts paid to secure the use of data hosting services at a future date or continuously over one or more future periods. When the prepaid hosting services are eventually consumed, they are charged to expense. As of December 31, 2022 the company has prepaid a total of $ 1,586,297 894,355 691,942

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Fixed Assets	Note 7. Fixed Assets Fixed assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net difference less any amount realized from disposition, is reflected in earnings. Expenditures for maintenance and repairs which do not extend the useful lives of the related assets are expensed as incurred. As of December 31, 2022 and 2021 fixed assets were made up of the following: Schedule of fixed assets Estimated Useful Life December 31, December 31, (years) 2022 2021 Cryptomining equipment 2-5 years $ – $ 2,615,721 Cryptomining equipment - not in service – 1,737,186 – 4,352,907 Accumulated depreciation – (832,464 ) Net book value $ – $ 3,520,443 Total depreciation expense for the year ended December 31, 2022 and 2021, was $ 630,670 836,174 During the year ended December 31, 2022, the Company terminated all future purchase orders related to Ethereum mining equipment and related hosting services, as the Company will focus on Bitcoin mining, and returned equipment not yet placed in service and investing in new Bitcoin mining equipment . 1,138,687 During the year ended December 31, 2022 the Company recorded an impairment to cryptomining equipment in the amount of $ 1,937,061 131,232 1,545,829 260,000 60,000

Equity

Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Equity	Note 8. Equity Preferred shares We are authorized to issue 4,999,000 shares of preferred stock. Shares of preferred stock may be issued from time to time in one or more series as may be determined by our Board. The voting powers and preferences, the relative rights of each such series and the qualifications, limitations and restrictions of each series will be established by the Board. Our directors may issue preferred stock with multiple votes per share and dividend rights which would have priority over any dividends paid with respect to the holders of our common stock. During the year ended December 31, 2021, the Company issued 125,001 382,480 47,500 334,980 During the year ended December 31, 2021, the Company issued 2,206 6,750 For the year ended December 31, 2021, total dividends applicable to Preferred shares were $ 42,843 42,843 In connection with the Merger Transaction, the only outstanding preferred stock and accrued dividends were converted into common stock. Series A 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 $0.001 par value. Each Series A Preferred share entitles the holder to vote on all matters submitted to a vote of the Company’s shareholders or with respect to actions that may be taken by written consent. The 1,000 shares of Series A shares have the voting power of 250% of the outstanding common shares at the time of any vote. The holders of the Series A shares are entitled to receive, when, as and if declared by the Board of Directors out of funds legally available, annual dividends payable in cash on the 31st day of December in each year, commencing on December 31, 2020 at the rate of $0.10 per share per year. As part of the recapitalization, the 1,000 shares were converted into 1,000 common shares. On March 30, 2022 the Company reduced its authorized preferred shares from 5,000,000 4,999,000 Series B On July 19, 2022, the Company designated 1,000,000 0.001 During the year ended December 31, 2022, the Company entered into purchase agreements for the sale of 212,500 11,250 201,250 6,190 205,226 7,274 Common shares The Company has authorized 950,000,000 0.001 390,437,459 On March 30, 2022 the Company increased its authorized common shares from 500,000,000 950,000,000 During the year ended December 31, 2022, the Company issued 1,696,394 616,015 300,000 48,563,068 2,838,476 182,250 During the year ended December 31, 2022, the Company amortized $ 44,875 0 During the year ended December 31, 2022, the Company issued 4,000,000 318,000 During the year ended December 31, 2022, the Company had 13,889 On September 19, 2022, the Company entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) with Alumni Capital LP, a Delaware limited partnership (“Alumni Capital”), pursuant to which the Company agreed to sell, and Alumni Capital agreed to purchase, upon request of the Company in one or more transactions, a number of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) providing aggregate gross proceeds to the Company of up to $ 15,000,000 Among other limitations, unless otherwise agreed upon by Alumni Capital, each sale of shares will be limited to 50,000 In exchange for Alumni Capital entering into the Purchase Agreement, the Company issued 2,521,008 The Purchase Agreement provides that the Company will file a registration statement under the Securities Act covering the resale of the shares issued to Alumni Capital. Alumni Capital’s obligation to purchase shares of Common Stock under the Purchase Agreement is conditioned upon, among other things, the registration statement having been declared effective by the Securities and Exchange Commission. As of December 31, 2022, no shares have been sold or issued to Alumni Capital pursuant to the Purchase Agreement other than the 2,521,008 0.105 264,706 During the year ended December 31, 2021, the Company issued 9,147,858 159,120 43,733,770 During the year ended December 31, 2021, a director of the Company contributed cryptocurrencies to the company with a value of $ 29,547 Stock Options During the year ended December 31, 2022, the Company issued a stock option grant to purchase up to 85,907,990 During the year ended December 31, 2022, the Company issued a stock option grant to purchase up to 153,239,206 The Company used the black-scholes option pricing model to value the options and expensed $ 24,219,306 2,530,668 The following table summarizes the stock option activity for the years ended December 31, 2022 and 2021: Schedule of option activity Options Weighted-Average Exercise Price Per Share Outstanding, December 31, 2020 48,519 $ 0.00 Granted 412,411 1.10 Exercised (323,457 ) 1.41 Forfeited – – Expired – – Outstanding, December 31, 2021 137,473 0.00 Granted 239,147,196 0.21 Exercised – – Forfeited – – Expired – Outstanding, December 31, 2022 239,284,669 $ 0.21 As of December 31, 2022, the Company had 85,907,990 4.48 0 8,248 Stock Warrants Pursuant to the reverse merger transaction, the 11,515,714 During the year ended December 31, 2022, the Company had 2,285,714 The following table summarizes the stock warrant activity for the year ended December 31, 2022 and 2021: Schedule of warrant activity Warrants Weighted-Average Exercise Price Per Share Outstanding, December 31, 2020 – $ – Granted – – Exercised – – Forfeited – – Expired – – Outstanding, December 31, 2021 – – Granted 300,000 0.63 Recapitalization 10,372,857 0.45 Exercised 1,142,857 0.04 Forfeited (2,285,714 ) 0.04 Expired – – Outstanding, December 31, 2022 9,530,000 $ 0.50

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Notes Payable	Note 9. Notes Payable Notes Payable Pursuant to the merger agreement, the Company acquire outstanding note payables in the amount of $ 35,000 Simultaneously with the Merger, approximately $ 4,574,132 18,296,528 Equipment Notes Payable In 2021, the Company entered into multiple financing agreements whereby the company agreed to purchase assets related to its crypto mining operations. The financing agreements required a down payments in the aggregate of $ 600,408 24 equal monthly payments 2,441,591 248,184 1,366,860 40,032 217,467 On July 11, 2022, the Company terminated its agreements with the vendor for the financed equipment described above. As of December, 31, 2022, and through the date of this filing, no agreement or communication from the vendor has been received confirming the terms of the termination, and therefore the Company has maintained these balances in equipment notes payable on the Company's balance sheet. In addition the Company has recorded the remaining $ 95,926 The balance of the loans as of December 31, 2022 is $ 1,179,972 The following table presents the future maturities and principal payments of all notes payable listed above for the next five years and thereafter are as follows: Schedule of future maturities and principal payments Year Principal Amount 2023 $ 1,179,972 2024 – 2025 – 2026 – 2027 – Remaining – Total $ 1,179,972

Cryptocurrency Assets

Cryptocurrency Assets	12 Months Ended
	Dec. 31, 2022
Cryptocurrency Assets
Cryptocurrency Assets	Note 10 – Cryptocurrency Assets The Company began cryptocurrency mining activities during the year ended December 31, 2021. In addition to mining activities, the Company conducts other business activities using its cryptocurrency assets as compensation. The below table represents the cryptocurrency activities during the years ended December 31, 2022 and 2021: Schedule of cryptocurrency activities – Revenue recognized from cryptocurrency mined $ 1,572,906 Additions of cryptocurrency - sale of common stock 162,419 Additions of cryptocurrency – exercise of common stock options 3,687 Additions of cryptocurrency – contribution from director 29,547 Additions of cryptocurrency - sale of fixed assets 62,549 Proceeds from sale of cryptocurrencies (1,043,242 ) Fixed assets acquired with cryptocurrency (363,008 ) Settlement of loans with cryptocurrency (85,174 ) Realized loss on sale/exchange of cryptocurrencies (36,485 ) Cryptocurrency at December 31, 2021 303,199 Revenue recognized from cryptocurrency mined 438,042 Additions of cryptocurrency - sale of common stock 50,000 Proceeds from sale of cryptocurrencies (489,936 ) Cryptocurrency used for officer compensation (144,423 ) Realized loss on sale/exchange of cryptocurrencies (154,252 ) Cryptocurrency at December 31, 2022 $ 2,630

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes The cumulative tax effect at the expected rate of 21 Schedule of deferred tax assets and liabilities December 31, 2022 December 31, 2021 Deferred tax asset attributable to: Net operating loss $ 996,800 $ 211,000 Valuation allowance (996,800 ) (211,000 ) Net deferred income tax assets $ – $ – A reconciliation of income tax provision to the provision that would be recognized under the statutory rates is as follows: Schedule of components of income tax expense (benefit) December 31, 2022 December 31, 2021 Benefit attributable to operating loss $ 6,771,700 $ 747,300 Non-deductible (5,985,900 ) (540,500 ) Valuation allowance (785,800 ) (206,800 ) Provisions for income taxes $ – $ – 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, 2022, the Company has net operating loss carry forwards totaling approximately $ 4,800,000

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies Legal Contingencies On February 8, 2022, the Company was notified of a potential lawsuit related to the termination of our Advisory Panel Membership agreement with Taylor Black Wealth, Ltd. (“Taylor”). The Company engaged Taylor for assistance with capital raises and was to be partially compensated with stock options, subject to vesting. Taylor claims that the Company terminated the agreement unlawfully and therefore are still entitled to the remaining unvested options which the Company believes to be cancelled. The total number of stock options being contested is 137,473

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 13. Subsequent Events On January 25, 2023, the Company amended stock option grants dated January 31, 2022 to each of Charlie Faulkner and Simon Wajcenberg, the Chief Executive Officer and Chief Financial Officer of the Company, respectively. The amendment reduces the exercise price of the options from $0.40 per share to $0.06 per share. On January 25, 2023, the Company redeemed the Preferred B shares and paid to the holder a total of $270,549 which included the stated value of $212,500, $6,190 in accrued dividends and the early redemption premium of $51,859. On February 27, 2023, the Company entered into a loan facility agreement with an unrelated third-party for up to an initial amount of BTC 3,000 which is to be repaid in 5 years from the date of the first advance. Additional advances may be provided under the agreement with approval from the lender. Advances shall accrue interest daily at a rate of 8.5%. No amounts have been advanced as of the date of this filing. On March 3, 2023, the board of directors of the Company granted to each of Charlie Faulkner and Simon Wajcenberg, the Chief Executive Officer and Chief Financial Officer of the Company, respectively, options to purchase up to 77,000,000 shares of the Company’s common stock at an exercise price of $0.04 per share, exercisable for five years (the “Stock Options”). The Stock Options shall each be a non-qualified option and shall become vested and exercisable upon the Company closing on the purchase of at least $15 million of crypto mining equipment. On March 3, 2023, the Company amended stock option grants dated September 12, 2022 to each of Charlie Faulkner and Simon Wajcenberg, the Chief Executive Officer and Chief Financial Officer of the Company, respectively. The amendment provides for the vesting to be only upon the closing of the purchase of at least $15 million of crypto mining equipment, rather than conditioned on an uplisting. its shares on the NASDAQ Global Market, New York Stock Exchange, or another equivalent market. On March 30, 2023, the Company entered into a settlement agreement with a previous note holder for settlement of outstanding claims. Per the terms of the settlement agreement, the Company issued 250,000 shares of common stock. On April 11, 2023, the Company entered into a promissory note with an unrelated third-party for $60,760 and an original issue discount of $6,510 and $4,250 in fees for net proceeds of $50,000. The note is to be repaid by March 11, 2024, and incurs a one-time, 13% interest charge of $7,898 and requires monthly payments of $7,629. In the event of default, the note is convertible into shares of common stock of the Company at a rate of 71% of the lowest trading price for common stock during the 20 trading days prior to the conversion date. The Company expects to receive the funds from this note immediately following the filing of the Form 10-K. On April 11, 2023, the Company entered into a promissory note with an unrelated third-party for $56,962 and an original issue discount of $2,712 and $4,250 in fees for net proceeds of $50,00. The note is to be repaid by March 11, 2024, and bears interest at a rate of 8%. The note is convertible into shares of common stock of the Company beginning 180 days after the date of the note at a rate of 65% of the lowest trading price for common stock during the 15 trading days prior to the conversion date. The Company expects to receive the funds from this note immediately following the filing of the Form 10-K.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“US GAAP”). The accompanying financial statements include all the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for the fair presentation of the financial statements for the years presented have been included.
Principles of consolidation	Principles of consolidation The accompanying consolidated financial statements include the accounts of Edgemode, Inc., the accounts of its 100% owned subsidiaries, EdgeMode and Edgemode Mine Co UK Limited. All intercompany transactions and balances have been eliminated in consolidation.
Reclassification of Comparative Period Presentation	Reclassification of Comparative Period Presentation The Company is reclassifying its financial statements for the year-ended ended December 31, 2021. These financial statements represent a reclassification of certain prior year account classifications and footnotes.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term.
Risks and Uncertainties	Risks and Uncertainties The Company's business and operations are sensitive to general business and economic conditions in the United States and other countries that the Company operates in. A host of factors beyond the Company's control could cause fluctuations in these conditions. Adverse conditions may include recession, downturn or otherwise, local competition or changes in consumer taste. These adverse conditions could affect the Company's financial condition and the results of its operations.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers short-term, highly liquid investment with original maturities of three months or less at the time of purchase to be cash equivalents. Cash consists of funds held in the Company’s checking account.
Fixed Assets	Fixed Assets Equipment is recorded at cost. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are expensed. When equipment is retired or sold, the cost and related accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in income. Depreciation is provided using the straight-line method, based on useful lives of the assets which range from three to fifteen years The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of the assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition, and other economic factors.
Fair Value Measurements	Fair Value Measurements Generally accepted accounting principles define fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price) and such principles also establish a fair value hierarchy that prioritizes the inputs used to measure fair value using the following definitions (from highest to lowest priority): · Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. · Level 2 – Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data by correlation or other means. · Level 3 – Prices or valuation techniques requiring inputs that are both significant to the fair value measurement and unobservable. The Company has no assets or liabilities valued using level 1, level 2, or level 3 inputs as of December 31, 2020.
Income Taxes	Income Taxes Income taxes are provided for the tax effects of transactions reporting in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of receivables, inventory, property and equipment, intangible assets, and accrued expenses for financial and income tax reporting. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Any deferred tax items of the Company have been fully valued based on the determination of the Company that the utilization of any deferred tax assets is uncertain. The Company complies with FASB ASC 740 for accounting for uncertainty in income taxes recognized in a company’s financial statements, which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. FASB ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company believes that its income tax positions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position.
Revenue Recognition	Revenue Recognition We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers. This standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. The Company has entered into digital asset mining pools by executing contracts, as amended from time to time, with the mining pool operators to provide computing power to the mining pool. The contracts are terminable at any time by either party and the Company’s enforceable right to compensation only begins when the Company provides computing power to the mining pool operator. In exchange for providing computing power, the Company is entitled to a fractional share of the fixed cryptocurrency award the mining pool operator receives (less digital asset transaction fees to the mining pool operator which are recorded as a component of cost of revenues), for successfully adding a block to the blockchain. The terms of the agreement provides that neither party can dispute settlement terms after thirty-five days following settlement. The Company’s fractional share is based on the proportion of computing power the Company contributed to the mining pool operator to the total computing power contributed by all mining pool participants in solving the current algorithm. Providing computing power in digital asset transaction verification services is an output of the Company’s ordinary activities. The provision of providing such computing power is the only performance obligation in the Company’s contracts with mining pool operators. The transaction consideration the Company receives, if any, is noncash consideration, which the Company measures at fair value on the date received, which is not materially different than the fair value at contract inception or the time the Company has earned the award from the pools. The consideration is all variable. Because it is not probable that a significant reversal of cumulative revenue will not occur, the consideration is constrained until the mining pool operator successfully places a block (by being the first to solve an algorithm) and the Company receives confirmation of the consideration it will receive, at which time revenue is recognized. There is no significant financing component in these transactions. Fair value of the cryptocurrency award received is determined using the quoted price of the related cryptocurrency at the time of receipt. There is currently no specific definitive guidance under GAAP or alternative accounting framework for the accounting for cryptocurrencies recognized as revenue or held, and management has exercised significant judgment in determining the appropriate accounting treatment. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies, which could have an effect on the Company’s consolidated financial position and results from operations.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 2018-07 (ASC 2018-07). All transactions in which the consideration provided in exchange for the purchase of goods or services consists of the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty’s performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance. The Company accounts for equity-based transactions with non-employees under the provisions of ASC Topic No. 505-50, “Equity-Based Payments to Non-Employees” (“Topic No. 505-50”). Topic No. 505-50 establishes that equity-based payment transactions with non-employees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.
Advertising	Advertising The Company expenses advertising costs as they are incurred.
Deferred Offering Costs	Deferred Offering Costs The Company has capitalized qualified direct costs related to its efforts to raise capital through a sale of its common stock in a private offering. Deferred offering costs will be deferred until the completion of the private offering, at which time they will be reclassified to additional paid-in capital as a reduction of the offering proceeds. If the Company terminates the planned offering or there is a significant delay, all of the deferred offering costs will be immediately written off to operating expenses. As of December 31, 2022, $ 264,706
Recent Accounting Pronouncements	Recent Accounting Pronouncements There are no recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.

Reverse Merger Transaction (Tab

Reverse Merger Transaction (Tables)	12 Months Ended
	Dec. 31, 2022
Reverse Merger Transaction
Schedule of assets acquired and liabilities	Schedule of assets acquired and liabilities January 31, 2022 Cash $ 743,513 Prepaids 149,580 Note receivable - EdgeMode 2,040,447 Accounts payable (7,774 ) Other accrued Expenses (196,500 ) Accrued interest (24,314 ) Notes payable (35,000 ) Total identified net assets $ 2,669,952

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of fixed assets	Schedule of fixed assets Estimated Useful Life December 31, December 31, (years) 2022 2021 Cryptomining equipment 2-5 years $ – $ 2,615,721 Cryptomining equipment - not in service – 1,737,186 – 4,352,907 Accumulated depreciation – (832,464 ) Net book value $ – $ 3,520,443

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of option activity	Schedule of option activity Options Weighted-Average Exercise Price Per Share Outstanding, December 31, 2020 48,519 $ 0.00 Granted 412,411 1.10 Exercised (323,457 ) 1.41 Forfeited – – Expired – – Outstanding, December 31, 2021 137,473 0.00 Granted 239,147,196 0.21 Exercised – – Forfeited – – Expired – Outstanding, December 31, 2022 239,284,669 $ 0.21
Schedule of warrant activity	Schedule of warrant activity Warrants Weighted-Average Exercise Price Per Share Outstanding, December 31, 2020 – $ – Granted – – Exercised – – Forfeited – – Expired – – Outstanding, December 31, 2021 – – Granted 300,000 0.63 Recapitalization 10,372,857 0.45 Exercised 1,142,857 0.04 Forfeited (2,285,714 ) 0.04 Expired – – Outstanding, December 31, 2022 9,530,000 $ 0.50

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of future maturities and principal payments	Schedule of future maturities and principal payments Year Principal Amount 2023 $ 1,179,972 2024 – 2025 – 2026 – 2027 – Remaining – Total $ 1,179,972

Cryptocurrency Assets (Tables)

Cryptocurrency Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Cryptocurrency Assets
Schedule of cryptocurrency activities	Schedule of cryptocurrency activities – Revenue recognized from cryptocurrency mined $ 1,572,906 Additions of cryptocurrency - sale of common stock 162,419 Additions of cryptocurrency – exercise of common stock options 3,687 Additions of cryptocurrency – contribution from director 29,547 Additions of cryptocurrency - sale of fixed assets 62,549 Proceeds from sale of cryptocurrencies (1,043,242 ) Fixed assets acquired with cryptocurrency (363,008 ) Settlement of loans with cryptocurrency (85,174 ) Realized loss on sale/exchange of cryptocurrencies (36,485 ) Cryptocurrency at December 31, 2021 303,199 Revenue recognized from cryptocurrency mined 438,042 Additions of cryptocurrency - sale of common stock 50,000 Proceeds from sale of cryptocurrencies (489,936 ) Cryptocurrency used for officer compensation (144,423 ) Realized loss on sale/exchange of cryptocurrencies (154,252 ) Cryptocurrency at December 31, 2022 $ 2,630

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of deferred tax assets and liabilities	Schedule of deferred tax assets and liabilities December 31, 2022 December 31, 2021 Deferred tax asset attributable to: Net operating loss $ 996,800 $ 211,000 Valuation allowance (996,800 ) (211,000 ) Net deferred income tax assets $ – $ –
Schedule of components of income tax expense (benefit)	Schedule of components of income tax expense (benefit) December 31, 2022 December 31, 2021 Benefit attributable to operating loss $ 6,771,700 $ 747,300 Non-deductible (5,985,900 ) (540,500 ) Valuation allowance (785,800 ) (206,800 ) Provisions for income taxes $ – $ –

Basis of Presentation (Details

Basis of Presentation (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Joseph Isaacs [Member]
Offsetting Assets [Line Items]
Bonus Paid		$ 250,000
Edge Mode [Member]
Offsetting Assets [Line Items]
Debt Conversion, Converted Instrument, Amount	$ 4,574,132
Debt Conversion, Converted Instrument, Shares Issued	18,296,528
Repayments of Convertible Debt	$ 988,000
Edge Mode [Member] | Sole Shareholder [Member]
Offsetting Assets [Line Items]
Conversion of Stock, Shares Issued	1,000
Edge Mode [Member] | Joseph Isaacs [Member]
Offsetting Assets [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	19,987,095
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 0.40
Bonus Paid	$ 250,000
Agreement with GST [Member]
Offsetting Assets [Line Items]
Stock Redeemed or Called During Period, Shares			4,700,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Fixed assets, useful lives	three to fifteen years
Deferred Offering Costs	$ 264,706	$ 0

Reverse Merger Transaction (Det

Reverse Merger Transaction (Details) - Edge Mode [Member]	Jan. 31, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Cash	$ 743,513
Prepaids	149,580
Note receivable - EdgeMode	2,040,447
Accounts payable	(7,774)
Other accrued Expenses	(196,500)
Accrued interest	(24,314)
Notes payable	(35,000)
Total identified net assets	$ 2,669,952

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid services	$ 0
Accrued payroll	$ 487,159	$ 0
Joseph Isaacs [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Option granted	19,987,095
Option granted	$ 0.40
Cash bonus paid	$ 250,000
Officers And A Consultant [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Option granted	65,920,895
Option granted	$ 0.40
Officers [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Option granted	153,239,206
Option granted	$ 0.10

Prepaid Hosting Services (Detai

Prepaid Hosting Services (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Offsetting Assets [Line Items]
Prepaid Expense, Current	$ 894,355	$ 1,586,297
Proceeds from initial deposit	894,355
Loss on prepaid hosting termination	691,942	$ 0
Hosting Services [Member]
Offsetting Assets [Line Items]
Prepaid Expense, Current	$ 1,586,297

Fixed Assets (Details)

Fixed Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
[custom:PropertyPlantAndEquipmentEstimatedUsefulLives1]	three to fifteen years
Property, Plant and Equipment, Gross	$ 0	$ 4,352,907
Accumulated depreciation	0	(832,464)
Net book value	0	3,520,443
Cryptomining Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	0	2,615,721
Cryptomining Equipment Not In Service [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 0	$ 1,737,186
Cryptomining Equipment [Member]
Property, Plant and Equipment [Line Items]
[custom:PropertyPlantAndEquipmentEstimatedUsefulLives1]	2-5 years

Fixed Assets (Details Narrative

Fixed Assets (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022
Offsetting Assets [Line Items]
Depreciation expense	$ 630,670	$ 836,174
Undelivered Equipment [Member]
Offsetting Assets [Line Items]
Impairments of assets			$ 1,138,687
Cryptomining Equipment [Member]
Offsetting Assets [Line Items]
Impairments of assets			1,937,061
Proceeds from sale of assets			60,000
Cryptomining Equipment [Member] | Switch From Etherium Mining [Member]
Offsetting Assets [Line Items]
Impairments of assets			131,232
Cryptomining Equipment [Member] | Purchase Of Mining Equipment [Member]
Offsetting Assets [Line Items]
Impairments of assets			1,545,829
Cryptomining Equipment [Member] | Equipment Purchased 2020 [Member]
Offsetting Assets [Line Items]
Impairments of assets			$ 260,000

Equity (Details - Option activi

Equity (Details - Option activity) - Options Held [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options outstanding	137,473	48,519
Options outstanding	$ 0	$ 0
Options granted	239,147,196	412,411
Options granted	$ 0.21	$ 1.10
Options exercised	0	(323,457)
Options exercised		$ 1.41
Options forfeited	0	0
Options expired		0
Options outstanding	239,284,669	137,473
Options outstanding	$ 0.21	$ 0

Equity (Details - Warrant activ

Equity (Details - Warrant activity) - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Class of Warrant or Right, Outstanding Beginning Balance	0	0
Weight-Average Exercise Price Per Share Beginning Balance	$ 0	$ 0
Warrants Granted	300,000	0
Warrants Exercised	1,142,857	0
Warrants Forfeited	(2,285,714)	0
Warrants Expired	0	0
Warrants Recapitalization	10,372,857
Weighted Average Exercise Price Per Share Warrants Recapitalization	$ 0.45
Weighted Average Exercise Price Per Share Warrants Forfeited	$ 0.04
Class of Warrant or Right, Outstanding Ending Balance	9,530,000	0
Weight-Average Exercise Price Per Share Ending Balance	$ 0.50	$ 0

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jul. 19, 2022	Mar. 30, 2022	Dec. 31, 2020
Class of Stock [Line Items]
Preferred stock dividends		$ 42,843
Due to stockholders		$ 42,843
Preferred Stock, Shares Authorized	4,999,000	4,999,000
Preferred Stock, Shares Authorized	$ 0.001	$ 0.001
Preferred Stock, Value, Issued	$ 0	$ 0
Common Stock, Shares Authorized	950,000,000	500,000,000
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, Shares Issued	390,437,459	292,179,345
Gross proceeds	$ 566,015	$ 2,334,957
Stock compensation expense	44,875
Unrecognized expenses	0
Number of shares issued as compensation	$ 24,264,181	2,530,668
Commitment shares	2,521,008
Share price	$ 0.105
Deferred offering costs	$ 264,706	0
Proceeds from options exercised	0	155,433
Contribution of cryptocurrency from related party		29,547
Share-Based Payment Arrangement, Noncash Expense	$ 24,582,181	2,537,418
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	85,907,990
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	4 years 5 months 23 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$ 8,248
General Grant [Member]
Class of Stock [Line Items]
Option granted	85,907,990
For Company Listing On Nasdaq [Member]
Class of Stock [Line Items]
Option granted	153,239,206
Stock Options [Member]
Class of Stock [Line Items]
Share-Based Payment Arrangement, Noncash Expense	$ 24,219,306	2,530,668
Warrant [Member]
Class of Stock [Line Items]
Warrant issued	11,515,714
Warrants outstanding	11,515,714
Warrants purchased	2,285,714
Common Stock [Member]
Class of Stock [Line Items]
Number of shares issued as compensation, shares	4,000,000
Number of shares issued as compensation
Number of shares cancelled	13,889
Number of share issued upon exercise of options, shares		8,883,496
Common shares issued for exercise of options cashless, shares		43,733,770
Contribution of cryptocurrency from related party
Third Party [Member]
Class of Stock [Line Items]
Number of shares issued as compensation, shares	4,000,000
Number of shares issued as compensation	$ 318,000
Stock Issued For Cash And Crytocurrency [Member]
Class of Stock [Line Items]
Number of share issued	1,696,394	48,563,068
Gross proceeds	$ 616,015
Warrants issued, shares	300,000
Proceeds from Issuance or Sale of Equity		$ 2,838,476
Payment for advisory fees		$ 182,250
Number of share issued upon exercise of options, shares		9,147,858
Proceeds from options exercised		$ 159,120
Contribution of cryptocurrency from related party		$ 29,547
Preferred Stock [Member]
Class of Stock [Line Items]
Number of share issued		125,001
Gross proceeds from issuance of preferred stock		$ 382,480
Payments of Stock Issuance Costs		47,500
Sale of shares		$ 334,980
Stock based compensation, shares		2,206
Stock based compensation, shares		$ 6,750
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized				4,999,000	5,000,000
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized			1,000,000
Preferred Stock, Shares Authorized			$ 0.001
Series B Preferred Stock [Member] | 1800 Diagonal Lending LLC [Member]
Class of Stock [Line Items]
Number of share issued	212,500
Sale of shares	$ 201,250
Due to stockholders	6,190
Legal Fees	11,250
Preferred Stock, Value, Issued	205,226
Debt Instrument, Unamortized Discount	$ 7,274
Common Stock [Member]
Class of Stock [Line Items]
Number of share issued	2,521,008
Gross proceeds	$ 15,000,000
Sale of shares	50,000

Notes Payable (Details - Maturi

Notes Payable (Details - Maturity)	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 1,179,972
2024	0
2025	0
2026	0
2027	0
Remaining	0
Total	$ 1,179,972

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Equipment Notes Payable [Member]
Debt Instrument [Line Items]
Payments for Other Deposits			$ 600,408
Debt Instrument, Frequency of Periodic Payment			24 equal monthly payments
[custom:PresentValueNotePayable-0]			$ 2,441,591
Repayments of Notes Payable		$ 248,184	1,366,860
Interest Expense, Debt		40,032	$ 217,467
Interest Payable		95,926
Notes Payable		$ 1,179,972
Edge Mode [Member]
Debt Instrument [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt	$ 35,000
Debt Conversion, Converted Instrument, Amount	$ 4,574,132
Debt Conversion, Converted Instrument, Shares Issued	18,296,528

Cryptocurrency Assets (Details)

Cryptocurrency Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cryptocurrency Assets
Cryptocurrency, beginning balance	$ 303,199	$ 0
Revenue recognized from cryptocurrency mined	438,042	1,572,906
Additions of cryptocurrency sale of common stock	50,000	162,419
Additions of cryptocurrency exercise of common stock options		3,687
Additions of cryptocurrency contribution from director		29,547
Additions of cryptocurrency sale of fixed assets		62,549
Proceeds from sale of cryptocurrencies	(489,936)	(1,043,242)
Fixed assets acquired with cryptocurrency		(363,008)
Settlement of loans with cryptocurrency		(85,174)
Realized gain on sale/exchange of cryptocurrencies	(154,252)	(36,485)
Cryptocurrency used for officer compensation	(144,423)
Cryptocurrency, ending balance	$ 2,630	$ 303,199

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred tax asset attributable to:
Net operating loss	$ 996,800	$ 211,000
Valuation allowance	(996,800)	(211,000)
Net deferred income tax assets	$ 0	$ 0

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Benefit attributable to operating loss	$ 6,771,700	$ 747,300
Non-deductible	(5,985,900)	(540,500)
Valuation allowance	(785,800)	(206,800)
Provisions for income taxes	$ 0	$ 0

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2022 USD ($)
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Net Operating CarryForward Loss	$ 4,800,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	Feb. 08, 2022 shares
Commitments and Contingencies Disclosure [Abstract]
Stock options being contested	137,473