Edgemode (EDGM) 10-K 26 Apr 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Apr. 26, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
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	false
Entity Shell Company	true
Entity Public Float			$ 3,217,231
Entity Public Float		390,687,459
Documents Incorporated by Reference [Text Block]	Portions of the registrant’s Proxy Statement for the 2023 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement (or alternatively, a Form 10-K/A) will be filed with the Securities and Exchange Commission (the “SEC”) within 120 days of the registrant’s fiscal year ended December 31, 2023.
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Name	M&K CPAS, PLLC
Auditor Firm ID	2738
Auditor Location	The Woodlands, TX

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 298	$ 70
Prepaid expenses and other current assets	20,258	27,638
Prepaid hosting services	0	894,355
Deferred offering costs	0	264,706
Total current assets	20,556	1,186,769
Intangible assets - cryptocurrencies	32	2,630
Total assets	20,588	1,189,399
Current liabilities:
Accounts payable and accrued expenses	721,780	869,524
Accrued payroll	661,201	487,159
Accrued dividends	0	6,190
Equipment notes payable	1,179,972	1,179,972
Notes payable	35,000	35,000
Notes payable – related parties	16,000	0
Convertible notes payable	342,501	0
Derivative liabilities	197,090	0
Series B preferred shares liability, net	0	205,226
Total current liabilities	3,153,544	2,783,071
Total liabilities	3,153,544	2,783,071
Commitments and contingencies
Stockholders' deficit:
Preferred shares, $0.001 par value, 4,999,000 shares authorized; zero 0 issued and outstanding December 31, 2023 and 2022	0	0
Common shares, $0.001 par value, 950,000,000 shares authorized; 390,687,459 and 390,437,459 shares issued and outstanding, December 31, 2023 and 2022, respectively	390,687	390,437
Additional paid-in capital	35,142,231	33,896,019
Accumulated deficit	(38,665,874)	(35,880,128)
Stockholders' deficit	(3,132,956)	(1,593,672)
Total liabilities and stockholders' deficit	$ 20,588	$ 1,189,399

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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, par value	$ 0.001	$ 0.001
Common stock, shares authorized	950,000,000	950,000,000
Common stock, shares issued	390,687,459	390,437,459
Common stock, shares outstanding	390,687,459	390,437,459

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenue	$ 0	$ 438,042
Cost of revenue	0	812,882
Gross margin	0	(374,840)
Operating expenses:
General and administrative expenses	3,123,572	27,784,864
Loss on sale of equipment and impairment	0	3,075,748
Loss on cryptocurrencies	10,107	154,252
Total operating expenses	3,133,679	31,014,864
Loss from operations	(3,133,679)	(31,389,704)
Other income (expense):
Interest expense	(346,162)	(148,119)
Penalty on prepayment of Preferred B shares	(51,859)	0
Refund of equipment deposit	700,000	0
Change in fair value of derivatives	6,709	0
Loss on settlement	(9,975)	0
Gain on settlement of liabilities	50,000	0
Other expense	(780)	(708,174)
Total other income (expense), net	347,933	(856,293)
Loss before provision for income taxes	(2,785,746)	(32,245,997)
Provision for income taxes	0	0
Net loss	$ (2,785,746)	$ (32,245,997)
Loss per common share - basic	$ (0.01)	$ (0.09)
Loss per common share - diluted	$ (0.01)	$ (0.09)
Weighted average shares outstanding - basic	390,626,500	377,574,305
Weighted average shares outstanding - diluted	390,626,500	377,574,305

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, 2021	$ 341,730	$ 292,179	$ 5,476,850	$ (3,634,131)	$ 2,134,898
Beginning balance , shares at Dec. 31, 2021	127,207	292,179,345
Conversion of preferred shares into common	$ (341,730)	$ 20,797	363,776		384,573
Conversion of preferred shares into common, shares	(127,207)	(20,796,933)
Conversion of preferred shares into common, shares	127,207	20,796,933
Recapitalization of reverse merger		$ 69,258	2,600,694		2,669,952
Recapitalization of reverse merger, shares		69,257,668
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
Common shares issued in exchange for compensation, shares		4,000,000
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)
Stock-based compensation			24,264,181		24,264,181
Net loss				(32,245,997)	(32,245,997)
Ending balance, value at Dec. 31, 2022	$ 0	$ 390,437	33,896,019	(35,880,128)	(1,593,672)
Ending balance , shares at Dec. 31, 2022	0	390,437,459
Common shares issued for settlement of claims		$ 250	9,725		9,975
Common shares issued for settlement of claims, shares		250,000
Stock-based compensation			1,236,487		1,236,487
Net loss				(2,785,746)	(2,785,746)
Ending balance, value at Dec. 31, 2023	$ 0	$ 390,687	$ 35,142,231	$ (38,665,874)	$ (3,132,956)
Ending balance , shares at Dec. 31, 2023	0	390,687,459

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Activities:
Net loss	$ (2,785,746)	$ (32,245,997)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	0	630,670
Amortization	25,215	3,976
Interest expense on principal default	88,618	95,926
Interest expense charge for day one derivative loss	203,799	0
Prepayment on penalty of Preferred B shares	51,859	0
Change in fair value of derivative liabilities	(6,709)	0
Loss on sale of equipment and impairment	0	3,075,748
Stock-based compensation	1,236,487	24,582,181
Cryptocurrency used for compensation	0	144,423
Loss on cryptocurrency transactions	10,107	154,252
Loss on settlement	9,975	0
Gain on settlement of liabilities	(50,000)	0
Loss on prepaid hosting termination	0	691,942
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	1,166,441	151,815
Prepaid expenses and other current assets – related parties	0	(7,500)
Cryptocurrencies - mining	0	(438,042)
Accounts payable and accrued expenses	(93,739)	504,139
Accrued payroll	185,930	487,159
Lease liabilities	0	0
Net cash provided by (used in) operating activities	42,237	(2,169,308)
Investing Activities:
Cash acquired in acquisition	0	743,513
Purchase of equipment	0	(245,976)
Proceeds from sale of equipment	0	60,000
Proceeds from sale of cryptocurrencies	34,100	489,936
Net cash provided by investing activities	34,100	1,047,473
Financing Activities:
Proceeds from issuance of common shares, net of offering costs	0	566,015
Proceeds from subscription receivable	0	158,850
Proceeds from issuance of preferred shares, net of offering costs	0	201,250
Payments on equipment notes payable	0	(208,152)
Proceeds from notes payable	220,000	380,000
Proceeds from related party advances	16,000	0
Payments of convertible notes	(41,560)	0
Payments on notes payable	(270,549)	0
Net cash provided by (used in) financing activities	(76,109)	1,097,963
Net change in cash	228	(23,872)
Cash - beginning of period	70	23,942
Cash - end of period	298	70
Supplemental Disclosures:
Interest paid	4,388	89,993
Income taxes paid	0	0
Supplemental Disclosures of Noncash Financing Information:
Shares issued for deferred financing costs	0	264,706
Shares issued for cryptocurrency assets	0	50,000
Conversion of preferred shares into common shares	0	384,573
Common shares cancelled pursuant to SEC legal case	0	14
Convertible notes issued in exchange for cryptocurrency	57,502	0
Note payable issued in exchange for cryptocurrency	50,142	0
Repayment of note payable using cryptocurrency	50,142	0
Cryptocurrency used to pay accrued salaries	11,888	0
Cryptocurrency used to pay accounts payable	$ 4,005	$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ (2,785,746)	$ (32,245,997)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1. Basis of Presentation Edgemode, 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 prior business ventures, all of which were unsuccessful and which it has abandoned. After the merger described below, the Company became a cryptocurrency mining company and is currently in the process of purchasing cryptocurrency mining equipment to restart its mining operations. 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. 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 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 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, 2023
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. 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. 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 following fair value hierarchy table presents information about the Company’s liabilities measured at fair value on a recurring basis: Schedule of liabilities measured at fair value on recurring basis Fair Value Measurements at December 31, 2023 Level 1 Level 2 Level 3 Liabilities: Derivative liabilities $ – $ – $ 197,090 The Company had no assets valued using level 1, level 2, or level 3 inputs as of December 31, 2023. The Company had no assets or liabilities valued using level 1, level 2, or level 3 inputs as of December 31, 2022. Derivative Financial Instruments Derivatives are measured at their fair value on the balance sheet. In determining the appropriate fair value, the Company uses a binomial calculator model. Changes in fair value are recorded in the consolidated statements of operations. 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 Full-Pay-Per-Share payout of Bitcoin based on a contractual formula, which primarily calculates the hash rate provided by us to the mining pool as a percentage of total network hash rate, and other inputs. We are entitled to consideration even if a block is not successfully placed by the mining pool operator. The terms of the agreement provides that neither party can dispute settlement terms after thirty-five days following settlement. The Company’s Full-Pay-Per-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 amount of consideration recognized is constrained to the amount of consideration received, 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. Under current GAAP, crypto assets held by the Company are accounted for as indefinite-lived intangible assets. Those assets are tested for impairment annually and more frequently if events or circumstances indicate that it is more likely than not that an asset is impaired. If the carrying amount of the asset exceeds its fair value, an entity is required to recognize an impairment loss and reduce the carrying amount of the asset to its fair value. See further discussion under Recently Accounting Pronouncements. 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. Advertising The Company expenses advertising costs as they are incurred. Deferred Offering Costs The Company had capitalized qualified direct costs related to its efforts to raise capital through a sale of its common stock in a private offering as of December 31, 2022. 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. Due to the delays in the financing, during the year ended December 31, 2023, $ 264,706 Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity). In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures, In December 2023, the FASB issued ASU 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures,

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2023
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, 2023 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, 2023
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 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, 2023
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 65,000 On January 31, 2022, the Company granted options to the officers and a consultant of the Company to purchase up to 65,920,895 0.06 On September 12, 2022, the Company granted options to the officers of the Company to purchase up to 153,239,206 shares of the Company’s stock, which vest upon the Company listing its shares on the NASDAQ Global Market, New York Stock Exchange, or another equivalent market, at an exercise price of $ 0.10 On March 3, 2023, 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 As of December 31, 2023 and 2022 the Company owed the executive officers of the Company $ 661,201 487,159 During the year ended December 31, 2023, the executive officers of the Company advanced 16,000

Prepaid Hosting Services

Prepaid Hosting Services	12 Months Ended
	Dec. 31, 2023
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 had prepaid a total of $ 1,586,297 894,355 691,942

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Fixed Assets	Note 7. Fixed Assets Total depreciation expense for the year ended December 31, 2023 and 2022, was $ 0 630,670 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 . 1,138,687 700,000 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, 2023
Equity [Abstract]
Equity	Note 8. Equity Preferred shares We are authorized to issue 4,999,000 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 5,000,000 0.001 8 65 25 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 On January 25, 2023, the Company redeemed the Preferred B shares and paid to the holder a total of $ 270,549 212,500 6,190 51,859 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 to 950,000,000 During the year ended December 31, 2022, the Company issued 1,696,394 616,015 300,000 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 50,000 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, 2023, 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 On March 30, 2023, the Company entered into a settlement agreement with a previous note holder for settlement of outstanding claims of a note payable that had been paid in full previously. Per the terms of the settlement agreement, the Company issued 250,000 9,975 Stock Options During the year ended December 31, 2023, 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 4,814,035 During the year ended December 31, 2022, the Company issued a stock option grant to purchase up to 85,907,990 24,219,306 1,236,487 During the year ended December 31, 2022, the Company issued a stock option grant to purchase up to 153,239,206 As of December 31, 2023, the Company has $ 22,529,707 21,679,711 0 The following table summarizes the stock option activity for the years ended December 31, 2023 and 2022: Schedule of stock option activity Options Weighted-Average Exercise Price Per Share 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 Granted 154,000,000 0.04 Exercised – – Forfeited – – Expired – – Outstanding, December 31, 2023 393,284,669 $ 0.09 As of December 31, 2023, the Company had 85,907,990 137,473 0 302 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, 2023 and 2022: Schedule of stock warrant activity Warrants Weighted-Average Exercise Price Per Share Outstanding, December 31, 2021 300,000 $ 0.63 Granted 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 Granted – – Recapitalization – – Exercised – – Forfeited – – Expired – – Outstanding, December 31, 2023 9,530,000 $ 0.50

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2023
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 In April 2023, the Company utilized an existing marginal lending facility with SFOX, a digital assets broker. The marginal lending facility allows the Company to borrow funds up to a maximum aggregate amount of $ 50,000 11 28 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 2,441,591 248,184 40,032 On July 11, 2022, the Company terminated its agreements with the vendor for the financed equipment described above. As of December, 31, 2023, 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, 2023 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 Convertible notes payable 1800 Diagonal Lending Notes On April 11, 2023, the Company entered into a Securities Purchase Agreement effective April 20, 2023 with 1800 Diagonal Lending LLC, an accredited investor, pursuant to which the Company sold the investor an unsecured promissory note in the principal amount of $ 60,760 50,000 6,510 4,250 13 March 11, 2024 monthly 7,629 42,262 2,280 In addition, on April 11, 2023, the Company entered into an additional Securities Purchase Agreement effective April 20, 2023 with the above investor, pursuant to which the Company sold the investor an unsecured promissory note in the principal amount of $ 56,962 8 April 11, 2024 50,000 2,712 4,250 94,439 1,940 On August 4, 2023, the Company entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC, an accredited investor, pursuant to which the Company sold the investor an unsecured original issuance discount promissory note in the principal amount of $ 71,450 60,000 7,200 4,250 13 May 24, 2024 monthly 8,971 99,529 5,647 On October 20, 2023 the Company received notice from 1800 Diagonal Lending LLC, the holder of the April Promissory Note, Convertible Note and August Promissory Note (collectively, the “1800 Notes”) that such notes were in default. The holder has made demand for the immediate payment of the 1800 Notes of a sum representing 150% of the remaining outstanding principal balances of the 1800 Notes in the aggregate of $250,008.99, together with accrued interest and default interest as provided for in the 1800 Notes. 88,618 Other Convertible Promissory Notes On April 25, 2023, the Company entered into a Securities Purchase Agreement with an accredited investor, pursuant to which the Company sold the investor an unsecured promissory note in the principal amount of $ 60,000 60,000 10 May 26, 2023 60,000 In addition, on April 26, 2023, the Company entered into a Promissory Note Purchase Agreement with another investor, pursuant to which the Company sold the investor an unsecured convertible promissory note in the principal amount of $ 57,502 57,502 10 May 26, 2023 57,502 The investors may in their option, at any time following the 180-day anniversary from the issuance date, as defined in the Promissory Notes, convert all or any part of the outstanding and unpaid amount of the Promissory Notes into fully paid and non-assessable shares of Common Stock. If the Promissory Notes are not repaid on or prior to the maturity date, the conversion price will be $0.20 or 50% of the preceding five day VWAP on the six month anniversary, which is lower, subject to a floor conversion price of $0.01 per share. On the 180-day anniversary date the resulting conversion price is equal to $0.01 Furthermore, the Promissory Notes contain a “most favored nation” provision that allows each investor to claim any preferable terms from any future securities, excluding certain exempt issuances.

Derivative Liabilities

Derivative Liabilities	12 Months Ended
	Dec. 31, 2023
Derivative Liabilities
Derivative Liabilities	Note 10. Derivative Liabilities The fair values of the conversion option of outstanding convertible notes payable and common stock warrants were determined to be derivative liabilities under ASC 815 due to the default on convertible notes payable disclosed above, which resulted in a variable conversion price on the outstanding convertible note payable. The fair value of the derivative liabilities was estimated using a binomial model with the following assumptions: Schedule of fair value of derivative liabilities As of December 31, 2023 Conversion Option Warrants Volatility 120.13% 124.36% Dividend Yield 0% 0% Risk-free rate 4.79% 4.01% Expected term 1 year 2.5-3.25 years Stock price $0.0022 $0.0022 Exercise price $0.0014-0.01 $0.5 Derivative liability fair value $196,593 $498 Number of shares issued upon conversion, exercise, or satisfaction of required conditions as of December 31, 2023 179,123,059 9,530,000 All fair value measurements related to the derivative liabilities are considered significant unobservable inputs (Level 3) under the fair value hierarchy of ASC 820. The table below presents the change in the fair value of the derivative liability during the year ended December 31, 2023: Schedule of change in the fair value of derivative liabilities Fair value as of December 31, 2022 $ – Fair value on the date of issuance related to principal default 203,799 Fair value on the date of issuance related to warrants issued 1,372 Change in fair value of derivatives (8,081 ) Fair value as of December 31, 2023 $ 197,090 The total impact of derivative liabilities recognized in the Company’s consolidated statements of operations includes the change in fair value of derivatives, with the Company recognizing a total gain of $ 8,081

Cryptocurrency Assets

Cryptocurrency Assets	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Cryptocurrency Assets	Note 11. 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, 2023 and 2022: Schedule of cryptocurrency activities Cryptocurrency at December 31, 2021 $ 303,199 Revenue recognized from cryptocurrency mined 438,042 Additions of cryptocurrency - sale of common stock 50,000 Sale of cryptocurrencies for cash proceeds (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 Additions of cryptocurrency – convertible notes 57,502 Additions of cryptocurrency – other notes 50,142 Cryptocurrency used for payment of accounts payable (4,005 ) Cryptocurrency used for payment of salaries (11,888 ) Cryptocurrency used for payment of other notes (50,142 ) Sale of cryptocurrencies for cash proceeds (34,100 ) Realized loss on sale/exchange of cryptocurrencies (10,107 ) Cryptocurrency at December 31, 2023 $ 32

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 12. Income Taxes The cumulative tax effect at the expected rate of 21 Schedule of deferred tax assets and liabilities December 31, 2023 December 31, 2022 Deferred tax asset attributable to: Net operating loss $ 1,252,700 $ 996,800 Valuation allowance (1,252,700 ) (996,800 ) 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, 2023 December 31, 2022 Benefit attributable to operating loss $ 585,000 $ 6,771,700 Non-deductible (286,400 ) (5,985,900 ) Valuation allowance (298,600 ) (785,800 ) 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, 2023, the Company has net operating loss carry forwards totaling approximately $ 6,000,000

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13. 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
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.
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.
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 following fair value hierarchy table presents information about the Company’s liabilities measured at fair value on a recurring basis: Schedule of liabilities measured at fair value on recurring basis Fair Value Measurements at December 31, 2023 Level 1 Level 2 Level 3 Liabilities: Derivative liabilities $ – $ – $ 197,090 The Company had no assets valued using level 1, level 2, or level 3 inputs as of December 31, 2023. The Company had no assets or liabilities valued using level 1, level 2, or level 3 inputs as of December 31, 2022.
Derivative Financial Instruments	Derivative Financial Instruments Derivatives are measured at their fair value on the balance sheet. In determining the appropriate fair value, the Company uses a binomial calculator model. Changes in fair value are recorded in the consolidated statements of operations.
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 Full-Pay-Per-Share payout of Bitcoin based on a contractual formula, which primarily calculates the hash rate provided by us to the mining pool as a percentage of total network hash rate, and other inputs. We are entitled to consideration even if a block is not successfully placed by the mining pool operator. The terms of the agreement provides that neither party can dispute settlement terms after thirty-five days following settlement. The Company’s Full-Pay-Per-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 amount of consideration recognized is constrained to the amount of consideration received, 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. Under current GAAP, crypto assets held by the Company are accounted for as indefinite-lived intangible assets. Those assets are tested for impairment annually and more frequently if events or circumstances indicate that it is more likely than not that an asset is impaired. If the carrying amount of the asset exceeds its fair value, an entity is required to recognize an impairment loss and reduce the carrying amount of the asset to its fair value. See further discussion under Recently Accounting Pronouncements.
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.
Advertising	Advertising The Company expenses advertising costs as they are incurred.
Deferred Offering Costs	Deferred Offering Costs The Company had capitalized qualified direct costs related to its efforts to raise capital through a sale of its common stock in a private offering as of December 31, 2022. 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. Due to the delays in the financing, during the year ended December 31, 2023, $ 264,706
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity). In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures, In December 2023, the FASB issued ASU 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures,

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of liabilities measured at fair value on recurring basis	Schedule of liabilities measured at fair value on recurring basis Fair Value Measurements at December 31, 2023 Level 1 Level 2 Level 3 Liabilities: Derivative liabilities $ – $ – $ 197,090

Reverse Merger Transaction (Tab

Reverse Merger Transaction (Tables)	12 Months Ended
	Dec. 31, 2023
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

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of stock option activity	Schedule of stock option activity Options Weighted-Average Exercise Price Per Share 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 Granted 154,000,000 0.04 Exercised – – Forfeited – – Expired – – Outstanding, December 31, 2023 393,284,669 $ 0.09
Schedule of stock warrant activity	Schedule of stock warrant activity Warrants Weighted-Average Exercise Price Per Share Outstanding, December 31, 2021 300,000 $ 0.63 Granted 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 Granted – – Recapitalization – – Exercised – – Forfeited – – Expired – – Outstanding, December 31, 2023 9,530,000 $ 0.50

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2023
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

Derivative Liabilities (Tables)

Derivative Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Liabilities
Schedule of fair value of derivative liabilities	Schedule of fair value of derivative liabilities As of December 31, 2023 Conversion Option Warrants Volatility 120.13% 124.36% Dividend Yield 0% 0% Risk-free rate 4.79% 4.01% Expected term 1 year 2.5-3.25 years Stock price $0.0022 $0.0022 Exercise price $0.0014-0.01 $0.5 Derivative liability fair value $196,593 $498 Number of shares issued upon conversion, exercise, or satisfaction of required conditions as of December 31, 2023 179,123,059 9,530,000
Schedule of change in the fair value of derivative liabilities	Schedule of change in the fair value of derivative liabilities Fair value as of December 31, 2022 $ – Fair value on the date of issuance related to principal default 203,799 Fair value on the date of issuance related to warrants issued 1,372 Change in fair value of derivatives (8,081 ) Fair value as of December 31, 2023 $ 197,090

Cryptocurrency Assets (Tables)

Cryptocurrency Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of cryptocurrency activities	Schedule of cryptocurrency activities Cryptocurrency at December 31, 2021 $ 303,199 Revenue recognized from cryptocurrency mined 438,042 Additions of cryptocurrency - sale of common stock 50,000 Sale of cryptocurrencies for cash proceeds (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 Additions of cryptocurrency – convertible notes 57,502 Additions of cryptocurrency – other notes 50,142 Cryptocurrency used for payment of accounts payable (4,005 ) Cryptocurrency used for payment of salaries (11,888 ) Cryptocurrency used for payment of other notes (50,142 ) Sale of cryptocurrencies for cash proceeds (34,100 ) Realized loss on sale/exchange of cryptocurrencies (10,107 ) Cryptocurrency at December 31, 2023 $ 32

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of deferred tax assets and liabilities	Schedule of deferred tax assets and liabilities December 31, 2023 December 31, 2022 Deferred tax asset attributable to: Net operating loss $ 1,252,700 $ 996,800 Valuation allowance (1,252,700 ) (996,800 ) Net deferred income tax assets $ – $ –
Schedule of components of income tax expense (benefit)	Schedule of components of income tax expense (benefit) December 31, 2023 December 31, 2022 Benefit attributable to operating loss $ 585,000 $ 6,771,700 Non-deductible (286,400 ) (5,985,900 ) Valuation allowance (298,600 ) (785,800 ) Provisions for income taxes $ – $ –

Basis of Presentation (Details

Basis of Presentation (Details Narrative) - USD ($)		12 Months Ended
	Jan. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Repayments of Convertible Debt		$ 270,549	$ 0
EdgeMode [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [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
EdgeMode [Member] | Sole Shareholder [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Conversion of stock, shares issued	1,000
EdgeMode [Member] | Joseph Isaacs [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock option granted	19,987,095
Exercise price	$ 0.40
Bonus paid	$ 250,000

Summary of significant Accoun_4

Summary of significant Accounting Policies (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Platform Operator, Crypto-Asset [Line Items]
Derivative liabilites	$ 197,090	$ 0
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Derivative liabilites	0
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Derivative liabilites	0
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto-Asset [Line Items]
Derivative liabilites	$ 197,090

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Accounting Policies [Abstract]
Deferred offering costs expensed	$ 264,706

Reverse Merger Transaction (Det

Reverse Merger Transaction (Details) - EdgeMode [Member] - USD ($)	Jan. 31, 2023	Jan. 31, 2022
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)	(35,000)
Total identified net assets		$ 2,669,952

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)					12 Months Ended
	Mar. 03, 2024	Jan. 25, 2023	Sep. 12, 2022	Jan. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Accrued payroll					$ 661,201	$ 487,159
Related party advances					16,000	0
Joseph Isaacs [Member]
Related Party Transaction [Line Items]
Cash bonus						$ 250,000
Officers And A Consultant [Member]
Related Party Transaction [Line Items]
Options granted						65,920,895
Officers [Member]
Related Party Transaction [Line Items]
Option granted			$ 0.10
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Options granted	77,000,000
Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Options granted	77,000,000
Mr Isaacs [Member]
Related Party Transaction [Line Items]
Options granted				19,987,095
Option granted		$ 0.06		$ 0.40
Payments on related party transactions					$ 65,000

Prepaid Hosting Services (Detai

Prepaid Hosting Services (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Prepaid Hosting Services
Prepaid hosting services			$ 1,586,297
Proceeds from initial deposit	$ 894,355
Loss on prepaid hosting termination		$ 0	$ 691,942

Fixed Assets (Details Narrative

Fixed Assets (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Offsetting Assets [Line Items]
Depreciation expense	$ 0	$ 630,670
[custom:RefundOfEquipmentDeposit]	$ 700,000	0
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 - Stock option

Equity (Details - Stock option activity) - Options Held [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Options outstanding, beginning balance	239,284,669	137,473
Weighted-average exercise price per share, beginning balance	$ 0.21	$ 0
Options granted	154,000,000	239,147,196
Weighted-average exercise price per share, granted	$ 0.04	$ 0.21
Options exercised	0	0
Options forfeited	0	0
Options expired	0	0
Options outstanding, ending balance	393,284,669	239,284,669
Weighted-average exercise price per share, ending balance	$ 0.09	$ 0.21

Equity (Details - Warrant activ

Equity (Details - Warrant activity) - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant outstanding, beginning balance	9,530,000	300,000
Weighted-average exercise price per share, beginning balance	$ 0.50	$ 0.63
Warrants granted	0	10,372,857
Weighted Average Exercise Price Per Share Warrants Granted	$ 0	$ 0.45
Warrants exercised	0	1,142,857
Weighted Average Exercise Price Per Share Warrants Exercised	$ 0	$ 0.04
Warrants forfeited	0	(2,285,714)
Weighted Average Exercise Price Per Share Warrants Forfeited	$ 0	$ 0.04
Warrants expired	0	0
Warrants Recapitalization	0
Warrant outstanding, ending balance	9,530,000	9,530,000

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)				12 Months Ended
	Mar. 30, 2023	Jan. 25, 2023	Jul. 19, 2022	Dec. 31, 2023	Dec. 31, 2022	Mar. 30, 2022	Dec. 31, 2020
Class of Stock [Line Items]
Preferred stock, shares authorized			5,000,000	4,999,000	4,999,000
Preferred stock, par value				$ 0.001	$ 0.001
Preferred Stock, Value, Issued				$ 0	$ 0
Common Stock, Shares Authorized				950,000,000	950,000,000
Common Stock, par value				$ 0.001	$ 0.001
Common stock, shares issued				390,687,459	390,437,459
Gross proceeds				$ 0	$ 566,015
Share-based compensation					44,875
Unrecognized expenses					0
[custom:GainOnSettlement]				$ 50,000	0
Commitment shares				2,521,008
Share price				$ 0.105
Deferred offering costs expensed				$ 264,706
Stock issued for settlement agreement, shares	250,000
Loss on settlement	$ 9,975			9,975	0
Remaining share based compensation expense				$ 22,529,707
Stock options exercisable				85,907,990
Options outstanding, value				$ 0	$ 302
Crypto Mining Milestone [Member]
Class of Stock [Line Items]
Remaining share based compensation expense				21,679,711
Vesting Terms [Member]
Class of Stock [Line Items]
Remaining share based compensation expense				$ 0
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
Options In Dispute [Member]
Class of Stock [Line Items]
Stock options exercisable				137,473
Warrant [Member]
Class of Stock [Line Items]
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 cancelled					13,889
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
Gross proceeds					$ 616,015
Warrants issued, shares					300,000
CEO and CFO [Member]
Class of Stock [Line Items]
Share-based compensation					$ 1,236,487
Option granted				77,000,000
Options granted, fair value				$ 4,814,035	$ 24,219,306
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, par value			$ 0.001
Preferred stock dividend rate			8%
Trading price			65%
Redemption rate			25%
Sale of shares					212,500
Legal fees					$ 11,250
Cash proceeds					201,250
Number of value redeemed		$ 270,549
Redeemed stated value		212,500
Accrued dividends		6,190
Redemption premium		$ 51,859
Series B Preferred Stock [Member] | 1800 Diagonal Lending LLC [Member]
Class of Stock [Line Items]
Dividends Payable					6,190
Preferred Stock, Value, Issued					205,226
Debt Instrument, Unamortized Discount					$ 7,274
Common Stock [Member]
Class of Stock [Line Items]
Sale of shares				50,000
Number of share issued				2,521,008
Gross proceeds				$ 15,000,000

Notes Payable (Details - Maturi

Notes Payable (Details - Maturity)	Dec. 31, 2023 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
	Aug. 04, 2023	Apr. 30, 2023	Apr. 26, 2023	Apr. 25, 2023	Apr. 11, 2023	Jan. 31, 2022	Jan. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 31, 2023
Debt Instrument [Line Items]
Net proceeds								$ 220,000	$ 380,000
Convertible note description								The holder has made demand for the immediate payment of the 1800 Notes of a sum representing 150% of the remaining outstanding principal balances of the 1800 Notes in the aggregate of $250,008.99, together with accrued interest and default interest as provided for in the 1800 Notes.
Equipment Notes Payable [Member]
Debt Instrument [Line Items]
Payments of notes payable									248,184
Interest expense									40,032
Remaining interest amount									$ 95,926
Loan amount								$ 1,179,972
Notes Payables [Member]
Debt Instrument [Line Items]
Aggregate borrow of funds		$ 50,000
Interest rate		11%
Maximum borrowing period		28 days
Equipment Note Payable [Member]
Debt Instrument [Line Items]
Down payment										$ 600,408
Debt periodic payment frequency										24
Present value note payable										$ 2,441,591
April Promissory Note [Member] | 1800 Diagonal Lending LLC [Member]
Debt Instrument [Line Items]
Debt periodic payment frequency					monthly
Debt face amount					$ 60,760
Net proceeds					50,000
Unamortized discount					6,510			2,280
Debt legal fees					$ 4,250
Debt stated interest rate					13%
Debt maturity date					Mar. 11, 2024
Debt periodic payment					$ 7,629
Note payable balance								42,262
Convertible Note [Member] | Securities Purchase Agreement [Member]
Debt Instrument [Line Items]
Debt face amount					56,962
Net proceeds					50,000
Unamortized discount					2,712			1,940
Debt legal fees					$ 4,250
Debt stated interest rate					8%
Debt maturity date					Apr. 11, 2024
Note payable balance								94,439
August Promissory Note [Member] | 1800 Diagonal Lending LLC [Member]
Debt Instrument [Line Items]
Debt periodic payment frequency	monthly
Debt face amount	$ 71,450
Net proceeds	60,000
Unamortized discount	7,200							5,647
Debt legal fees	$ 4,250
Debt stated interest rate	13%
Debt maturity date	May 24, 2024
Debt periodic payment	$ 8,971
Note payable balance								99,529
Additional principal amount								88,618
April Promissory Notes [Member] | Securities Purchase Agreement [Member]
Debt Instrument [Line Items]
Debt face amount				$ 60,000
Net proceeds				$ 60,000
Debt stated interest rate				10%
Debt maturity date				May 26, 2023
Note payable balance								60,000
April Promissory Notes [Member] | Promissory Note Purchase Agreement [Member]
Debt Instrument [Line Items]
Debt face amount			$ 57,502
Net proceeds			$ 57,502
Debt stated interest rate			10%
Debt maturity date			May 26, 2023
Note payable balance								$ 57,502
EdgeMode [Member]
Debt Instrument [Line Items]
Outstanding note payable amount						$ 35,000	$ 35,000				$ 35,000
Principal and interest outstanding						$ 4,574,132
Conversion of shares						18,296,528
EdgeMode [Member] | Equipment Notes Payable [Member]
Debt Instrument [Line Items]
Principal and interest outstanding							$ 4,574,132
Conversion of shares							18,296,528

Derivative Liabilities (Details

Derivative Liabilities (Details - Schedule of fair value of derivative liabilities) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Conversion Option [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability fair value	$ 196,593
Shares issued upon conversion, exercise or satisfaction	179,123,059
Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability fair value	$ 498
Shares issued upon conversion, exercise or satisfaction	9,530,000
Measurement Input, Price Volatility [Member] | Conversion Option [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	120.13%
Measurement Input, Price Volatility [Member] | Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	124.36%
Measurement Input, Expected Dividend Rate [Member] | Conversion Option [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	0%
Measurement Input, Expected Dividend Rate [Member] | Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	0%
Measurement Input, Risk Free Interest Rate [Member] | Conversion Option [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	4.79%
Measurement Input, Risk Free Interest Rate [Member] | Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	4.01%
Measurement Input, Expected Term [Member] | Conversion Option [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	1 year	2.5-3.25 years
Measurement Input, Share Price [Member] | Conversion Option [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	$0.0022	$0.0022
Measurement Input, Exercise Price [Member] | Conversion Option [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation of derivative	$0.0014-0.01	$0.5

Derivative Liabilities (Detai_2

Derivative Liabilities (Details -Schedule of change in the fair value of derivative liabilities)	12 Months Ended
	Dec. 31, 2023 USD ($)
Derivative Liabilities
Fair value of derivative liability, beginning	$ 0
Fair value on the date of issuance related to principal default	203,799
Fair value on the date of issuance related to warrants issued	1,372
Change in fair value of derivatives	(8,081)
Fair value of derivative liability, ending	$ 197,090

Derivative Liabilities (Detai_3

Derivative Liabilities (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Derivative Liabilities
[custom:DerivativeGainOnDerivative1]	$ 8,081

Cryptocurrency Assets (Details)

Cryptocurrency Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Cryptocurrency, beginning balance	$ 2,630	$ 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	(10,107)	(154,252)
Additions of cryptocurrencies from convertible notes	57,502
Additions of cryptocurrencies from note payable	50,142
Cryptocurrency used for payment of accounts payable	(4,005)
Cryptocurrency used for payment of salaries	(11,888)
Cryptocurrency used for payment of other notes	(50,142)
Sale of cryptocurrencies for cash proceeds	(34,100)
Cryptocurrency, ending balance	$ 32	$ 2,630

Income Taxes (Details - Deferre

Income Taxes (Details - Deferred taxes) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred tax asset attributable to:
Net operating loss	$ 1,252,700	$ 996,800
Valuation allowance	(1,252,700)	(996,800)
Net deferred income tax assets	$ 0	$ 0

Income Taxes (Details - Reconci

Income Taxes (Details - Reconciliation of income tax) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Benefit attributable to operating loss	$ 585,000	$ 6,771,700
Non-deductible	(286,400)	(5,985,900)
Valuation allowance	(298,600)	(785,800)
Provisions for income taxes	$ 0	$ 0

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Net Operating CarryForward Loss	$ 6,000,000

Commitments and Contingencies (

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