Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | May 04, 2022 | Jun. 30, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-55896 | ||
Entity Registrant Name | PINEAPPLE, INC. | ||
Entity Central Index Key | 0001654672 | ||
Entity Tax Identification Number | 47-5185484 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 10351 Santa Monica Blvd. | ||
Entity Address, Address Line Two | Suite 420 | ||
Entity Address, City or Town | Los Angeles | ||
Entity Address, State or Province | CA | ||
Entity Address, Postal Zip Code | 90025 | ||
City Area Code | 877 | ||
Local Phone Number | 310-7675 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 1,686,000 | ||
Entity Common Stock, Shares Outstanding | 91,163,569 | ||
ICFR Auditor Attestation Flag | false | ||
Auditor Firm ID | 5041 | ||
Auditor Name | BF Borgers CPA PC | ||
Auditor Location | Lakewood, CO |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Current Assets: | ||
Cash | ||
Total Current Assets | ||
Property and equipment (net of depreciation) | 8,524 | 14,917 |
Other Assets: | ||
Equity method investment | 9,288,298 | 9,488,616 |
Deposit on stock purchase agreement – related party | 100,000 | |
Total Other Assets | 9,388,298 | 9,488,616 |
Total Assets | 9,396,822 | 9,503,533 |
Current Liabilities: | ||
Accounts payable and accrued liabilities | 715,546 | 869,911 |
Accounts payable – Related party | 16,500 | |
Settlement payable related party | 615,000 | 615,000 |
Accrued interest payable related party | 45,637 | |
Accrued interest payable other | 6,771 | 6,771 |
Due to affiliates | 529,948 | 90,556 |
Notes payable, related party | 886,918 | 857,175 |
Notes payable | 19,838 | 19,838 |
Advances on agreements | 169,000 | 169,000 |
Contingent liabilities | 105,523 | 100,048 |
Total Current Liabilities | 3,065,044 | 2,773,936 |
Total Liabilities | 3,065,044 | 2,773,936 |
Commitments and contingencies (note 13) | ||
Stockholders’ Equity: | ||
Preferred stock, value | ||
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 91,163,569 and 88,461,200 shares issued and outstanding, respectively | 9 | 8 |
Additional paid-in-capital | 22,004,077 | 21,297,078 |
Accumulated deficit | (15,672,308) | (14,567,489) |
Total Stockholders’ Equity | 6,331,778 | 6,729,597 |
Total Liabilities and Stockholders’ Equity | 9,396,822 | 9,503,533 |
Series A Convertible Preferred Stock [Member] | ||
Stockholders’ Equity: | ||
Preferred stock, value |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
Preferred stock, par value | $ 0.00 | $ 0.00 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.00 | $ 0.00 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 91,163,569 | 88,461,200 |
Common stock, shares outstanding | 91,163,569 | 88,461,200 |
Series A Convertible Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.00 | $ 0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | ||
Revenue | ||
Operating Expenses | ||
General and administrative | 969,993 | 661,557 |
Depreciation | 6,393 | 6,861 |
Total Operating Expenses | 976,386 | 668,418 |
Operating loss | (976,386) | (668,418) |
Other (Income) Expense | ||
Interest expense | 53,821 | |
Gain on settlement of debt | (77,360) | (25,000) |
Other expense | 5,475 | 63,490 |
Loss from equity method investment | 200,318 | 388,099 |
Total Other Expense | 128,433 | 480,410 |
Loss from operations before taxes | (1,104,819) | (1,148,828) |
Provision for income taxes | ||
Net Loss | $ (1,104,819) | $ (1,148,828) |
Net Loss Per Share – Basic and Diluted | $ (0.01) | $ (0.02) |
Weighted Average Common Shares – Basic and Diluted | 89,138,014 | 64,731,914 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 7 | $ 14,139,607 | $ (13,418,661) | $ 720,953 |
Balance, shares at Dec. 31, 2019 | 76,890,925 | |||
Common stock issued for service | 80,800 | $ 80,800 | ||
Common stock issued for service, shares | 490,000 | 1,490,000 | ||
Issuance of common shares for equity method investment | $ 1 | 5,499,999 | $ 5,500,000 | |
Issuance of common shares for equity method investment, shares | 10,000,000 | |||
Common stock issued for settlement of debt and payables | 1,546,223 | 1,546,223 | ||
Common stock issued for settlement of debt and payables, shares | 1,080,275 | |||
Settlement of debt with related party | 30,449 | 30,449 | ||
Net loss | (1,148,828) | (1,148,828) | ||
Ending balance, value at Dec. 31, 2020 | $ 8 | 21,297,078 | (14,567,489) | 6,729,597 |
Balance, shares at Dec. 31, 2020 | 88,461,200 | |||
Common stock issued for service | 340,000 | 340,000 | ||
Common stock issued for service, shares | 1,570,000 | |||
Net loss | (1,104,819) | (1,104,819) | ||
Common stock issued for cash | $ 1 | 283,999 | 284,000 | |
Common stock issued for cash, shares | 2,630,000 | |||
Cancellation of common stock pursuant to arbitration agreement | ||||
Cancellation of common stock pursuant to arbitration agreement, shares | (1,829,631) | |||
Common stock issued against earned compensation | 33,000 | 33,000 | ||
Common stock issued against earned compensation, shares | 132,000 | |||
Common stock issued against related party debt | 50,000 | 50,000 | ||
Common stock issued against related party debt, shares | 200,000 | |||
Ending balance, value at Dec. 31, 2021 | $ 9 | $ 22,004,077 | $ (15,672,308) | $ 6,331,778 |
Balance, shares at Dec. 31, 2021 | 91,163,569 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash Flows from Operating Activities | ||
Net loss | $ (1,104,819) | $ (1,148,828) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 6,393 | 6,861 |
Gain on debt settlement/extinguishment | (77,360) | |
Non-cash settlement penalties | 5,851 | |
Amortization right-of-use asset | 40,775 | |
Repayment of lease obligations | (41,142) | |
Loss from equity method investment | 200,318 | 388,099 |
Stock-based compensation | 340,000 | 66,303 |
Changes in operating assets and liabilities: | ||
Security deposit | 7,944 | |
Accounts payable and accrued liabilities | 120,977 | 25,888 |
Accounts payable related party | 16,500 | |
Contingent liabilities | 5,475 | |
Accrued interest payable | 53,117 | |
Due to affiliates | 439,391 | 51,508 |
Net cash used in operating activities | (53,125) | (543,624) |
Cash Flows from Financing Activities | ||
Proceeds from related party notes payable | 58,075 | 551,824 |
Repayments of related party notes payable | (288,950) | (8,200) |
Common stock issued for cash | 284,000 | |
Net cash provided by financing activities | 53,125 | 543,624 |
Net change in cash | ||
Cash, beginning of year | ||
Cash, end of year | ||
Supplemental Disclosures of Cash Flow Information | ||
Cash paid for interest: | ||
Cash paid for taxes: | ||
Supplemental Disclosures of Non-Cash Investing and Financing Activities | ||
Deposit on stock purchase agreement | 100,000 | |
Common stock issued to settle payable | 33,000 | |
Related party debt issued for relief of accounts payable | 218,734 | |
Common stock issued as settlement of related party debt | 50,000 | |
Gain on settlement of related party note payable | 2,944 | |
Settlement of debt for intangible property | 1,000,000 | |
Equity method investment exchanged for forgiveness of related party note payable | 1,062,000 | |
Common stock issued from prior year settlements | 440,200 | |
Common stock issued for prior year equity method investment | 5,500,000 | |
Common stock issued for debt extinguishment | $ 120,000 |
Description of Business
Description of Business | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description of Business | Note 1 – Description of Business Pineapple, Inc. (“Pineapple” or the “Company”) was originally formed in the State of Nevada under the name Global Resources, Ltd. on August 3, 1983. On April 12, 1999, the Company changed its name to “Helixphere Technologies Inc.”. On September 19, 2013, the Company changed its name to “New China Global Inc.” On October 30, 2013, the Company filed its Articles of Continuance with the Secretary of State of Wyoming pursuant to which the Company was re-domiciled from the State of Nevada to the State of Wyoming. On July 15, 2014, the Company filed an amendment to its Articles of Incorporation to change its name from “New China Global Inc.” to “Globestar Industries”. On September 3, 2015, the Company changed its name to “Pineapple Express, Inc.” from “Globestar Industries.” The Company’s name has no relation to the 2008 motion picture produced by Columbia Pictures. On March 19, 2019, the Company entered into a Share Exchange Agreement (the “PVI Agreement”) with Pineapple Ventures, Inc. (“PVI”) and the stockholders of PVI (the “PVI Stockholders”) in which the Company acquired a total of 50% 2,000,000 0.0000001 10 2,000,000 20,000,000 20% 20% 10% 49% On January 17, 2020, the Company entered into an agreement with Jaime Ortega whereby in exchange for Mr. Ortega cancelling $ 1,062,000 10,000 10,000 4,827 45,173 45.17% 50% During 2019, PVI took preliminary business steps towards a project with Nordhoff Leases, LLC (“Nordhoff”), a related party, in which Nordhoff subleased 38,875 15% 15% 2.87 15% ln addition to having stakes in the foregoing business ventures, the Company was also assigned a patent for the proprietary Top Shelf Safe Display System (“SDS”) for use in permitted cannabis dispensaries and delivery vehicles across the United States and internationally (where permitted by law), on July 20th, 2016, by Sky Island, Inc. (the “SDS Patent”) via a Patent Assignment Agreement (the “Patent Assignment Agreement”). The SDS Patent was originally applied for and filed on August 11, 2015, by Sky Island, Inc. and received its notice of allowance from the United States Patent and Trademark Office on March 22, 2017. It is anticipated that the Top-Shelf SDS product shall retail for $ 30,000 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”). Basis of Consolidation The consolidated financial statements include the accounts of Pineapple, Inc. and its wholly owned subsidiaries, THC Industries, LLC and Pineapple Express Consulting, Inc., doing business as Pineapple Express and Pineapple Park LLC. Intercompany accounts and transactions have been eliminated. The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Park, LLC California 6/27/2017 100 % Pineapple Express Consulting, Inc California 3/16/2017 100 % Use of Estimates in Financial Reporting The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the recoverability and useful lives of long-lived assets, assessment of legal accruals, the fair value of the Company’s stock, stock-based compensation and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates. Fair Value of Financial Instruments The Company follows the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) for disclosures about fair value of its financial instruments and to measure the fair value of its financial instruments. The FASB ASC establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, accounts receivable, accounts payable and accrued expenses, notes payable and other current liabilities, approximate their fair values because of the short maturity of these instruments. Cash The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents are held in operating accounts at a major financial institution. Cash balances may exceed federally insured limits. Management believes the financial risk associated with these balances is minimal and has not experienced any losses to date. As of December 31, 2021, and 2020, the Company had no Property and Equipment Property and equipment consist of furniture and fixtures and office equipment. They are recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Expenditures for major renewals and betterments that extend the useful lives of the property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives Property and Equipment Office equipment 5 Furniture and fixtures 7 Investments – Equity Method The Company accounts for its equity-method investment at cost, adjusted for the Company’s share of the investee’s earnings or losses, which are reflected in the consolidated statements of operations. The Company periodically reviews the investments for other than temporary declines in fair value below cost and more frequently when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. As of December 31, 2021, and 2020, the Company believes the carrying value of its equity-method investments were recoverable in all material respects. Loss Per Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share reflects the potential dilution, using the treasury stock method, that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the Company. In computing diluted loss per share, the treasury stock method assumes that outstanding options and warrants are exercised, and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. At December 31, 2021, and 2020, the Company had no Stock-based Compensation The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model, based on weighted average assumptions. Expected volatility is based on historical volatility of our common stock. The Company has elected to use the simplified method described in the Securities and Exchange Commission Staff Accounting Bulletin Topic 14C to estimate the expected term of employee stock options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant. The value of restricted stock awards is determined using the fair value of the Company’s common stock on the date of grant. The Company accounts for forfeitures as they occur. Compensation expense is recognized on a straight-line basis over the requisite service period of the award. Reclassification Certain reclassifications have been made to prior year’s data to confirm to the current year’s presentation. Such reclassifications had no impact on the Company’s financial condition, operating results, cash flows or stockholders’ deficit. Recently Adopted and Pending Accounting Pronouncements In August 2020, the FASB issued ASU No. 2020-06 (“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.” ASU 2020-06 simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock. Limiting the accounting models results in fewer embedded conversion features being separately recognized from the host contract as compared with current GAAP. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. In addition, ASU 2020-06 amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. The Amendments also affects the diluted EPS calculation for instruments that may be settled in cash or shares and for convertible instruments. The amendments are effective for public entities excluding smaller reporting companies for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods. The Company is still evaluating the effect the adoption will have on its financial statements. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statement presentation or disclosures. |
Going Concern
Going Concern | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | Note 3 – Going Concern The Company’s consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in its consolidated financial statements, the Company has an accumulated deficit of $ 15,672,308 at December 31, 2021, and incurred a net loss of $ 1,104,819 and utilized net cash of $ 53,125 in operating activities during the year ended December 31, 2021. The Company has not generated any revenues and has incurred net losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date that the consolidated financial statements are issued. The Company’s consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s primary source of operating funds since inception has been cash proceeds from the private placements of its common stock and from issuance of its short-term on demand loans, primarily from related parties. The Company intends to raise additional capital in the short-term through addition of demand loans and, once the up listing to a higher exchange is completed, through private placements to sell shares of common stock to investors. There can be no assurance that these funds will be available on terms acceptable to the Company, or at all, or will be sufficient to enable the Company to fully complete its development activities or sustain operations. During the year ended December 31, 2021, the Company raised $ 23,075 284,000 If the Company is unable to raise sufficient additional funds, it will have to develop and implement a plan to further extend payables, reduce overhead, scale back its current business plan or curtail operations or sale equity interest from its interest in dispensaries until sufficient additional capital is raised to support further operations. The Company’s ability to continue as a going concern is dependent on its ability to execute its strategy and on its ability to raise additional funds. Management is currently seeking additional funds, primarily through the issuance of equity and/or debt securities for cash to operate the Company’s business. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to it. Even if the Company is able to obtain additional financing, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity and/or convertible debt financing. |
Deposit on stock purchase agree
Deposit on stock purchase agreement – related party | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
Deposit on stock purchase agreement – related party | Note 4 – Deposit on stock purchase agreement – related party On August 7, 2021, the Company entered into a Stock Purchase Agreement (the “CGI Agreement”) with Capital Growth Investments, Inc., a California corporation (“CGI”) and PVI, the Company’s equity-method investee. Pursuant to the Agreement, the Company can acquire up to 50,000 50% 1,000,000 100,000 Within 60 days of execution of the Agreement, the remaining balance of $ 900,000 50% 100,000 900,000 Should the Buyer be unable to fund the balance of $900,000 by March 31, 2022, the transaction shall be cancelled and the refundable deposit of $100,000 shall be returned to the Company. In March of 2022, the parties mutually agreed to extend the closing date to June 30, 2022 |
Property and Equipment
Property and Equipment | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | Note 5 – Property and Equipment Property and equipment as of December 31, 2021, and 2020 is summarized as follows: Schedule of Property and Equipment 2021 2020 Furniture and fixtures $ 43,152 $ 43,152 Office equipment 12,321 12,231 Subtotal 55,473 55,473 Less accumulated depreciation (46,949 ) (40,556 ) Property and equipment, net $ 8,524 $ 14,917 Depreciation expense for fiscal years ended December 31, 2021, and 2020, was $ 6,393 6,861 |
Equity Method Investment
Equity Method Investment | 12 Months Ended |
Dec. 31, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investment | Note 6 – Equity Method Investment In March 2019, the Company acquired a 50 2,000,000 20,000,000 The investment was recorded at cost, which was determined to be $ 11,000,000 0.55 10,000,000 10,000,000 On January 17, 2020, the Company entered into an agreement with Jaime Ortega whereby in exchange for Mr. Ortega cancelling $ 1,062,000 10,000 10,000 4,827 45,173 45.17 The following represents summarized financial information of PVI for the year ended December 31, 2021, and 2020: Summary of Financial Information of Subsidiaries Income statement 2021 2020 Revenue $ 147,059 $ 620,337 Cost of goods sold 1,325 2,565 Gross margin 145,734 617,772 Operating expenses (2,889,211 ) (1,471,271 ) Gain on dispensary equity sale 2,300,000 - Net loss $ (443,477 ) (853,499 ) Balance sheet Current assets $ 1,550,602 $ 77,402 Non-current assets $ 673,880 $ 163,109 Current liabilities $ 2,011,445 $ 1,280,251 Non-Current liabilities $ 1,690,783 $ 1,280,251 The Company has recorded a loss from equity investment of $ 200,318 for the year ended December 31, 2021, which has reduced the carrying value of the investment as of December 31, 2021, to $ 9,288,298 45.17 % equity investment. The Company has recorded a loss from equity investment of $ 388,099 9,488,616 45.17 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2021 | |
Leases | |
Leases | Note 7 – Leases . The Company leases office space under an operating lease expiring in June 2020 3 122,985 25 In accordance with ASC 842, Leases, the depreciation for the Company’s operating lease right-of-use assets are recorded in periodic lease expense within the Company’s general and administrative expenses in the consolidated statements of operations. The periodic lease expense recorded during the year ended December 31, 2021, and 2020 was $ 0 42,489 Total lease payments for the year ended December 31, 2021, and 2020 were $ 0 42,856 0 40,775 Upon expiration of the lease term in June 2020, the Company’s security deposit was applied towards the final rent payment and the lease reverted to a month-to-month basis until PVI entered into a new lease for the property in August 2020. The Company has agreed to pay a rent allocation to PVI of $ 1,000 12,000 |
Notes Payable, Related Party
Notes Payable, Related Party | 12 Months Ended |
Dec. 31, 2021 | |
Notes Payable Related Party | |
Notes Payable, Related Party | Note 8 – Notes Payable, Related Party Notes payable, related party, are comprised of the following as of December 31, 2021, and December 31, 2020: Schedule of Notes Payable Related Party Transactions Noteholder Due Interest Rate Secured 2021 2020 Sky Island, Inc. Demand 0 % No $ - $ 8,015 Eric Kennedy Demand 0 % No 30,000 30,000 Rob Novinger Demand 0 % No 30,851 30,851 Neu-Ventures, Inc. Demand 0 % No 826,067 788,309 Total $ 886,918 $ 857,175 Sky Island, Inc. (The owner is the largest shareholder of the Company) Since January 1, 2020, to December 31, 2021, the Company decreased the Sky Island promissory notes from a beginning balance of $ 1,757,124 0 1,062,000 312,891 On December 17, 2020, the Company entered into an Intellectual Property Purchase Agreement with PVI pursuant to which the Company sold all of the Company’s trade dress and trade names, logos, Internet addresses and domain names, trademarks and service marks and related registrations and applications, including any intent to use applications, supplemental registrations and any renewals or extensions in exchange for Mr. Jaime Ortega, waiving and cancelling $ 1,000,000 8,015 During the year ended December 31, 2021, the Company entered into an agreement with Jaime Ortega to fully extinguished the remaining principal of $ 8,015 45,637 53,652 The promissory note transactions were deemed a related party transaction because Jaime Ortega, Owner, Chief Operating Officer, and Director of Sky Island, Inc., was a founding shareholder of the Company. Mr. Ortega has an aggregate ownership of 48.2 49.6 Eric Kennedy (former director) In May 2019, the Company agreed to a settlement with Eric Kennedy, a Company’s director, related to deferred cash compensation that had been accrued for in the Company’s accounts payable and accrued liabilities to reduce the amount to $ 35,000 36,000 35,000 The note does not incur interest and was originally to be repaid through an initial $ 10,000 5,000 5,000 30,000 30,000 Rob Novinger During the fiscal year ended December 31, 2020, the Company increased the balance by $ 5,851 to reflect the settlement payable owed to Novinger, leaving a balance of $ 30,851 as of December 31, 2020. There was no activity during the year ended December 31, 2021. The balance of the related party note payable is $ 30,851 as of December 31, 2021, and December 31, 2020. Neu-Ventures, Inc. (The owner is the largest shareholder of the Company) Beginning in April 2019, the Company also began receiving advances from Neu-Ventures, Inc., another entity owned by our majority shareholder, Mr. Ortega. These advances are due on demand and do not incur interest. Advances from Neu-Ventures between January 2021 and December 2021 totaled $ 23,075 , offset by $ 253,950 cash repayments. Neu-Ventures also paid $ 110,437 of corporate expenses on behalf of the Company and paid $ 108,197 of consulting fees owed to the Company’s executive officers during the year ended December 31, 2021. The Company also issued 200,000 shares of the Company’s common stock against a payable owed by Neu-Ventures, Inc. The fair value of the shares issued were applied against the Company’s debt towards Neu-Ventures, Inc. Neu-Ventures also paid $ 100,000 50,000 Advances from Neu-Ventures between January and December 2020 totaled $ 592,028 120,000 9,000 The amount payable to Neu Ventures totaled $ 826,067 and $ 788,309 as of December 31, 2021, and 2020, respectively. Accrued interest – Sky Island, Inc. Accrued interest payable on the Sky Island promissory notes as of December 31, 2021, and 2020 was $ 0 45,637 0 53,821 no During the year ended December 31, 2021, the Company entered into an agreement with Jaime Ortega to fully extinguished the remaining accrued interest of $ 45,637 |
Notes Payable
Notes Payable | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Notes Payable | Note 9 – Notes Payable The Company, through our former subsidiary, BBC, entered into a $ 25,000 six months 27,313 19,838 7,475 |
Settlement Payable
Settlement Payable | 12 Months Ended |
Dec. 31, 2021 | |
Settlement Payable | |
Settlement Payable | Note 10 – Settlement Payable At December 31, 2021, and December 31, 2020, advances on agreements balance consist of the following: Schedule of Settlement Payable Noteholder 2021 2020 Investor Three $ 615,000 $ 615,000 Settlement Payable $ 615,000 $ 615,000 Investor Three In December 2015, the Company entered into a Revenue Share Agreement for $ 750,000 825,000 75,000 200,000 97,800 615,000 |
Advances on Agreements
Advances on Agreements | 12 Months Ended |
Dec. 31, 2021 | |
Advances On Agreements | |
Advances on Agreements | Note 11 – Advances on Agreements At December 31, 2021, and December 31, 2020, advances on agreements balance consist of the following: Schedule of Advance on Agreement Noteholder 2021 2020 Investor One and Investor Two $ 169,000 $ 169,000 Advances on Agreements $ 169,000 $ 169,000 Investor One On February 16, 2016, the Company entered into a Binding Letter of Intent (“BLOI1”) with Investor One that the Company deemed a financing agreement for the purchase of a certain property (APN: 665-030-044), and upon completion of development of the acquired property, subsequently a revenue share agreement that was for the following considerations: (i) payment by Investor One of $ 125,000 187,500 3,750 During March 2016, the $ 125,000 40,768 Investor Two On March 18, 2016, the Company entered into a Binding Letter of Intent (“BLOI2”), subsequently amended by a Real Property Purchase and Sale Agreement and Joint Escrow Instructions (“Subsequent Land Purchase Agreement”) dated March 21, 2016, both of which the Company deemed a financing agreement for the purchase of a certain property (APN: 665-030-043) for the following considerations: (i) payment by Investor Two of $ 350,000 515,000 165,768 500,000 On March 22, 2016, Investor Two deposited $ 350,000 165,768 Investment Accounting Treatments for Investors One and Two The escrow agreement closed and Investor Two took title to property. There is no provision in BLOI2, or in the Subsequent Land Purchase Agreement, that would impose any continuing liability on the Company other than the loss of the Company’s escrow deposit. As no terms and conditions were established to characterize the $ 125,000 62,500 187,500 3,750 In February 2019, the Company entered into a settlement agreement with Investor One which required the issuance of 20,000 200,000 10,000 4,125 187,500 191,625 8,375 10,000 1,000 20,000 11,000 10,000 no |
Stockholders_ Equity
Stockholders’ Equity | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
Stockholders’ Equity | Note 12 – Stockholders’ Equity The Company is authorized to issue 525,000,000 0.0000001 5,000,000 20,000,000 500,000,000 no 91,163,569 During the fiscal year ended December 31, 2021, the Company sold 2,630,000 284,000 During the fiscal year ended December 31, 2021, the Company issued 1,570,000 shares for services to the Company’s directors, consultants and to the Company’s officers for total fair value of $ 340,000 . During the fiscal year ended December 31, 2021, the Company issued 132,000 33,000 During the fiscal year ended December 31, 2021, the Company cancelled 1,829,631 During the fiscal year ended December 31, 2021, the Company issued 200,000 50,000 During the years ended December 31, 2020, the Company issued 1,490,000 80,800 During the year ended December 31, 2020, the Company issued 555,275 440,220 During the year ended December 31, 2020, the Company issued 525,000 120,000 During the year ended December 31, 2019, the Company issued 10,000,000 shares of common stock for total amount of $ 5,500,000 50 % equity investment in PVI, with another 10,000,000 shares of common stock issued during the year ended December 31, 2020. During the fiscal year ended December 31, 2021, the Company has not granted any stock options nor warrants. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 13 – Commitments and Contingencies From time to time, the Company is party to certain legal proceedings that arise in the ordinary course and are incidental to our business. Future events or circumstances, currently unknown to management, will determine whether the resolution of pending or threatened litigation or claims will ultimately have a material effect on our consolidated financial position, liquidity, or results of operations in any future reporting periods. The following is a list of current litigation: Salem, et al. v. Pineapple Express, Inc., et al. JAMS Arbitration Reference Number: 1210035565 was filed July 13, 2018. This matter arises from a certain Agreement and Plan of Merger and Reorganization dated February 12, 2016. Claimants sought forfeiture of certain IP rights, more specifically, Registered Mark “THC” standard character mark (U.S. Trademark Reg. No. 1954405 registered on February 6, 1996) and Domain Name www.thc.com, together with proceeds Respondents have received from any royalty or licensing payments relating to the IP rights from the date of Forfeiture, as well as costs for reasonable attorneys’ fees. Arbitration was conducted on July 17-19, 2019. The arbitrator issued an award on December 23, 2019, upholding the Claimants’ exercise of the put option as discussed in Note 10 and the transfer of the IP rights. Claimants/Plaintiffs then filed a Petition to Confirm Arbitration Award and Respondents/Defendants filed a Petition to Vacate Arbitration Award in the matter entitled, Pineapple Express, Inc., et al. v. Salem, et al., bearing Los Angeles Superior Court Case Number SC129690. Both Petitions were heard on October 8, 2020, and Claimants/Plaintiffs’ Petition to Confirm Arbitration Award was granted. Pineapple Express, Inc. filed a Notice of Appeal on the same date, which is currently pending briefing schedule. Based on the pending award, the Company has accrued the $ 1,000,000 1,000,000 100,000 1,829,631 400,000 1,000,000 1,000,000 Pineapple Express v. Ramsey Salem JAMS Arbitration Reference Number: 1220063897 was filed December 4, 2019. This matter arises from claims of breach of contract, more specifically the confidentiality provisions of certain Agreement and Plan of Merger and Reorganization dated February 12, 2016, entered into between the parties and arising from the disclosure of the interim arbitration award in the matter entitled and above-referenced as: Salem, et al. v. Pineapple Express, Inc., et al. JAMS Arbitration Reference Number: 1210035565, filed July 13, 2018, by Respondent. On April 8, 2021, the parties entered into a settlement agreement and mutual general release, under which the Company withdrew the second arbitration. Hawkeye v. Pineapple Express, Inc., et al. Los Angeles Superior Court Case Number: BC708868 was filed June 6, 2018. Plaintiff claimed damages against Defendant in the excess of $ 900,000 615,000 Sharper, Inc. v. Pineapple Express, Inc., et al. Los Angeles Superior Court Case Number: 18SMCV00149 was filed November 1, 2018. Complaint for money with an amount in controversy of $ 32,500 15,375 18,692 18,692 Cunningham v. Pineapple Express, Inc. Los Angeles Superior Court Case Number: BS171779: Judgment, ordered by the Department of Industrial Relations, Labor Commissioner’s Office was entered by the Court on December 11, 2017. The amount of judgment entered was $ 47,674 Pineapple Express, Inc. v. Cunningham Los Angeles Superior Court Case Number: SC 127731 was filed June 21, 2017. This action arose from certain complaint and cross-complaint which were both dismissed. Defendant Cunningham pursued a cost judgment against Plaintiff and obtained a judgment in the amount of $ 2,367 The Hit Channel, Inc. v. Pineapple Express, Inc. Los Angeles Superior Court Case Number: 19STCV09006 was filed in or about March 14, 2019. This action arose from certain complaint and cross-complaint arising from certain licensing agreement entered into between the parties for the commercial exploitation of the URL and Domain Name THC.com. The matter has since resolved pursuant to the confidential settlement agreement entered into by and between the parties. The licensing agreement has been deemed terminated, and the matter has been dismissed with prejudice by order of the court on February 14, 2020. The Hit Channel was awarded $ 40,000 555,275 40,000 444,220 40,000 the website, www.THCExpress.com StoryCorp Consulting, dba Wells Compliance Group v. Pineapple Express, Inc. JAMS Arbitration Reference Number: 1210037058 , 15,000 23,805 29,280 29,280 Russ Schamun v. Pineapple Express Consulting, Inc. This is a small claims matter for $ 7,500 7,500 SRFF v. Pineapple Express, Inc. This matter resulted in a stipulated judgment whereas former SEC counsel claimed approximately $ 60,000 Novinger v. Pineapple Express, Inc. Los Angeles Superior Court Case Number: 20CHLC10510 was filed in or about March 11, 2020. This is a limited jurisdiction action arising from a claim for monies lent to Pineapple Express, Inc. without specificity as to the judgment debtor’s state of incorporation, for the total of $ 30,851 |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 14 – Income Taxes The Company utilizes FASB ASC 740, “Income Taxes,” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the tax basis of assets and liabilities and their financial reporting amounts based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized. The Company generated a deferred tax asset through net operating loss carryforwards. Based upon Management’s evaluation, a valuation allowance of 100 Deferred income taxes arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes arising from temporary differences that are related to an asset or liability are classified as current or noncurrent depending on the periods in which the temporary differences are expected to reverse. The Company does not have any uncertain tax positions as of December 31, 2021, and 2020. No federal tax provision has been provided for the years ended December 31, 2021, and 2020, due to the losses incurred during such periods. Reconciled below is the difference between the income tax rate computed by applying the U.S. federal statutory rate and the effective tax rate for the years ended December 31, 2021, and 2020. The reconciliation of the federal statutory rate to the effective tax rate is as follows as of December 31, 2021, and 2020: Schedule of Effective Income Tax 2021 2020 U.S. federal statutory tax rate 21.0 % 21.0 % State tax, net of federal tax benefit 7.0 % 6.6 % Related party interest - % (1.0 )% Change in valuation allowance (28.0 )% (26.6 )% Other 0.0 % 0.0 % Total deferred tax assets 0.0 % 0.0 % The principal components of deferred tax assets and liabilities are as follows as of December 31, 2021, and 2020: Schedule of Deferred Tax Assets 2021 2020 Net operating loss carryforwards $ 1,868,691 $ 1,654,858 Stock-based compensation 800,552 705,408 Accruals and reserves 1,494,837 1,494,837 Other 17,867 17,867 Fixed assets 2,185 2,185 Total deferred tax assets 4,184,132 3,875,155 Valuation allowance (4,184,132 ) (3,875,155 ) Net deferred tax assets $ - $ - At December 31, 2021, and 2020, the Company has available net operating loss carryforwards for federal income tax purposes of approximately $ 6,973,000 and $ 6,209,000 , respectively, and for state income tax purposes of approximately $ 5,789,000 and $ 5,025,000 , respectively, which expire beginning in 2036 . For U.S. purposes, the Company has not completed its evaluation of NOL utilization limitations under Internal Revenue Code (“IRC”), Section 382, change of ownership rules. If the Company has had a change in ownership, the NOL’s would be limited as to the amount that could be utilized each year, based on the Code. For U.S. purposes, the Company has not completed its evaluation of IRC Section 280E, Expenditures in connection with the illegal sale of drugs. No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the Controlled Substances Act) which are prohibited by Federal law or the law of any State in which such trade or business is conducted. If IRC 280E applies to the Company, such expenditures would not be deductible or limited. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 15 – Subsequent Events Subsequent to December 31, 2021, the Company paid PVI, its equity method investee, an additional $ 95,000 50% 195,000 805,000 50% Should the Company be unable to fund the balance of $805,000 by June 30, 2022, the transaction will be cancelled, and all deposits would be returned to the Company |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”). |
Basis of Consolidation | Basis of Consolidation The consolidated financial statements include the accounts of Pineapple, Inc. and its wholly owned subsidiaries, THC Industries, LLC and Pineapple Express Consulting, Inc., doing business as Pineapple Express and Pineapple Park LLC. Intercompany accounts and transactions have been eliminated. The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Park, LLC California 6/27/2017 100 % Pineapple Express Consulting, Inc California 3/16/2017 100 % |
Use of Estimates in Financial Reporting | Use of Estimates in Financial Reporting The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the recoverability and useful lives of long-lived assets, assessment of legal accruals, the fair value of the Company’s stock, stock-based compensation and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) for disclosures about fair value of its financial instruments and to measure the fair value of its financial instruments. The FASB ASC establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, accounts receivable, accounts payable and accrued expenses, notes payable and other current liabilities, approximate their fair values because of the short maturity of these instruments. |
Cash | Cash The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents are held in operating accounts at a major financial institution. Cash balances may exceed federally insured limits. Management believes the financial risk associated with these balances is minimal and has not experienced any losses to date. As of December 31, 2021, and 2020, the Company had no |
Property and Equipment | Property and Equipment Property and equipment consist of furniture and fixtures and office equipment. They are recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Expenditures for major renewals and betterments that extend the useful lives of the property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives Property and Equipment Office equipment 5 Furniture and fixtures 7 |
Investments – Equity Method | Investments – Equity Method The Company accounts for its equity-method investment at cost, adjusted for the Company’s share of the investee’s earnings or losses, which are reflected in the consolidated statements of operations. The Company periodically reviews the investments for other than temporary declines in fair value below cost and more frequently when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. As of December 31, 2021, and 2020, the Company believes the carrying value of its equity-method investments were recoverable in all material respects. |
Loss Per Share | Loss Per Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share reflects the potential dilution, using the treasury stock method, that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the Company. In computing diluted loss per share, the treasury stock method assumes that outstanding options and warrants are exercised, and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. At December 31, 2021, and 2020, the Company had no |
Stock-based Compensation | Stock-based Compensation The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model, based on weighted average assumptions. Expected volatility is based on historical volatility of our common stock. The Company has elected to use the simplified method described in the Securities and Exchange Commission Staff Accounting Bulletin Topic 14C to estimate the expected term of employee stock options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant. The value of restricted stock awards is determined using the fair value of the Company’s common stock on the date of grant. The Company accounts for forfeitures as they occur. Compensation expense is recognized on a straight-line basis over the requisite service period of the award. |
Reclassification | Reclassification Certain reclassifications have been made to prior year’s data to confirm to the current year’s presentation. Such reclassifications had no impact on the Company’s financial condition, operating results, cash flows or stockholders’ deficit. |
Recently Adopted and Pending Accounting Pronouncements | Recently Adopted and Pending Accounting Pronouncements In August 2020, the FASB issued ASU No. 2020-06 (“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.” ASU 2020-06 simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock. Limiting the accounting models results in fewer embedded conversion features being separately recognized from the host contract as compared with current GAAP. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. In addition, ASU 2020-06 amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. The Amendments also affects the diluted EPS calculation for instruments that may be settled in cash or shares and for convertible instruments. The amendments are effective for public entities excluding smaller reporting companies for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods. The Company is still evaluating the effect the adoption will have on its financial statements. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statement presentation or disclosures. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Schedule of Consolidated Subsidiaries and/or Entities | The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Park, LLC California 6/27/2017 100 % Pineapple Express Consulting, Inc California 3/16/2017 100 % |
Schedule of Estimated Useful Lives Property and Equipment | The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives Property and Equipment Office equipment 5 Furniture and fixtures 7 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Property and equipment as of December 31, 2021, and 2020 is summarized as follows: Schedule of Property and Equipment 2021 2020 Furniture and fixtures $ 43,152 $ 43,152 Office equipment 12,321 12,231 Subtotal 55,473 55,473 Less accumulated depreciation (46,949 ) (40,556 ) Property and equipment, net $ 8,524 $ 14,917 |
Equity Method Investment (Table
Equity Method Investment (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Summary of Financial Information of Subsidiaries | The following represents summarized financial information of PVI for the year ended December 31, 2021, and 2020: Summary of Financial Information of Subsidiaries Income statement 2021 2020 Revenue $ 147,059 $ 620,337 Cost of goods sold 1,325 2,565 Gross margin 145,734 617,772 Operating expenses (2,889,211 ) (1,471,271 ) Gain on dispensary equity sale 2,300,000 - Net loss $ (443,477 ) (853,499 ) Balance sheet Current assets $ 1,550,602 $ 77,402 Non-current assets $ 673,880 $ 163,109 Current liabilities $ 2,011,445 $ 1,280,251 Non-Current liabilities $ 1,690,783 $ 1,280,251 |
Notes Payable, Related Party (T
Notes Payable, Related Party (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Payable Related Party | |
Schedule of Notes Payable Related Party Transactions | Notes payable, related party, are comprised of the following as of December 31, 2021, and December 31, 2020: Schedule of Notes Payable Related Party Transactions Noteholder Due Interest Rate Secured 2021 2020 Sky Island, Inc. Demand 0 % No $ - $ 8,015 Eric Kennedy Demand 0 % No 30,000 30,000 Rob Novinger Demand 0 % No 30,851 30,851 Neu-Ventures, Inc. Demand 0 % No 826,067 788,309 Total $ 886,918 $ 857,175 |
Settlement Payable (Tables)
Settlement Payable (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Settlement Payable | |
Schedule of Settlement Payable | At December 31, 2021, and December 31, 2020, advances on agreements balance consist of the following: Schedule of Settlement Payable Noteholder 2021 2020 Investor Three $ 615,000 $ 615,000 Settlement Payable $ 615,000 $ 615,000 |
Advances on Agreements (Tables)
Advances on Agreements (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Advances On Agreements | |
Schedule of Advance on Agreement | At December 31, 2021, and December 31, 2020, advances on agreements balance consist of the following: Schedule of Advance on Agreement Noteholder 2021 2020 Investor One and Investor Two $ 169,000 $ 169,000 Advances on Agreements $ 169,000 $ 169,000 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax | The reconciliation of the federal statutory rate to the effective tax rate is as follows as of December 31, 2021, and 2020: Schedule of Effective Income Tax 2021 2020 U.S. federal statutory tax rate 21.0 % 21.0 % State tax, net of federal tax benefit 7.0 % 6.6 % Related party interest - % (1.0 )% Change in valuation allowance (28.0 )% (26.6 )% Other 0.0 % 0.0 % Total deferred tax assets 0.0 % 0.0 % |
Schedule of Deferred Tax Assets | The principal components of deferred tax assets and liabilities are as follows as of December 31, 2021, and 2020: Schedule of Deferred Tax Assets 2021 2020 Net operating loss carryforwards $ 1,868,691 $ 1,654,858 Stock-based compensation 800,552 705,408 Accruals and reserves 1,494,837 1,494,837 Other 17,867 17,867 Fixed assets 2,185 2,185 Total deferred tax assets 4,184,132 3,875,155 Valuation allowance (4,184,132 ) (3,875,155 ) Net deferred tax assets $ - $ - |
Description of Business (Detail
Description of Business (Details Narrative) | Jan. 17, 2020USD ($)shares | Jan. 17, 2020USD ($)shares | Mar. 19, 2019$ / sharesshares | Mar. 22, 2017USD ($) | Jul. 31, 2020USD ($) | Jun. 30, 2020 | Mar. 31, 2019shares | Dec. 31, 2021$ / shares | Feb. 11, 2021shares | Dec. 31, 2020$ / shares | Feb. 11, 2020shares | Dec. 31, 2019a |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Preferred stock, par value | $ / shares | $ 0.00 | $ 0.00 | ||||||||||
Equity method investment ownership, percentage | 45.17% | 45.17% | ||||||||||
Capital Growth Investments Inc [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Equity method investment ownership, percentage | 20.00% | |||||||||||
Universal Herbal Center Inc [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Equity method investment ownership, percentage | 20.00% | |||||||||||
PXI [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Equity method investment ownership, percentage | 10.00% | |||||||||||
PXI II [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Equity method investment ownership, percentage | 49.00% | |||||||||||
Pineapple Ventures, Inc., [Member] | Nordhoff Leases, Inc [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Area of land | a | 38,875 | |||||||||||
Percentage of entities owned | 15.00% | 15.00% | ||||||||||
Proceed from sale of cannabis licenses | $ | $ 2,870,000 | |||||||||||
Proceeds from sale of cannabis license, percentage | 15.00% | |||||||||||
Pineapple Ventures, Inc., [Member] | Mr. Ortega [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Equity method investment ownership, percentage | 45.17% | 50.00% | ||||||||||
Existing loan cancelled | $ | $ 1,062,000 | $ 1,062,000 | ||||||||||
Capital stock shares issued | 10,000 | 10,000 | 4,827 | 10,000 | ||||||||
Equity method investment shares owned | 45,173 | |||||||||||
Series A Convertible Preferred Stock [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Preferred stock, par value | $ / shares | $ 0.00 | $ 0.00 | $ 0.00 | |||||||||
Number of share | 10 | |||||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc., [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Business acquisition, percentage | 50.00% | 50.00% | ||||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc., [Member] | Series A Convertible Preferred Stock [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Business acquisition equtiy interest issued | 2,000,000 | |||||||||||
Stock issued during period conversion of convertible securities | 2,000,000 | 20,000,000 | ||||||||||
Convertible preferred stock shares issued | 20,000,000 | 2,000,000 | ||||||||||
Top Shelf Safe Display System [Member] | ||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||
Product retail amount | $ | $ 30,000 |
Schedule of Consolidated Subsid
Schedule of Consolidated Subsidiaries and/or Entities (Details) | 12 Months Ended |
Dec. 31, 2021 | |
THC Industries, LLC [Member] | |
Name of subsidiary | THC Industries, LLC |
Entity incorporation state country name | California |
Date of incorporation | 12/23/2015 (formed) 2/16/2016 (acquired by us) |
Minority interest ownership percentage | 100.00% |
Pineapple Park, LLC [Member] | |
Name of subsidiary | Pineapple Park, LLC |
Entity incorporation state country name | California |
Date of incorporation | 6/27/2017 |
Minority interest ownership percentage | 100.00% |
Pineapple Express Consulting, Inc. [Member] | |
Name of subsidiary | Pineapple Express Consulting, Inc |
Entity incorporation state country name | California |
Date of incorporation | 3/16/2017 |
Minority interest ownership percentage | 100.00% |
Schedule of Estimated Useful Li
Schedule of Estimated Useful Lives Property and Equipment (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Office Equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Property plant and equipment useful lives | 5 years |
Furniture and Fixtures [Member] | |
Property, Plant and Equipment [Line Items] | |
Property plant and equipment useful lives | 7 years |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Cash, FDIC insured amount | $ 0 | $ 0 |
Convertible Debt Securities [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive securities option or warrants | 0 | 0 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $ 15,672,308 | $ 14,567,489 |
Net loss | 1,104,819 | 1,148,828 |
Net cash used in operating activities | 53,125 | $ 543,624 |
Cash proceeds from sale of common stock | 23,075 | |
Common stock issued for cash | $ 284,000 |
Deposit on stock purchase agr_2
Deposit on stock purchase agreement – related party (Details Narrative) - USD ($) | May 05, 2022 | Mar. 31, 2022 | Nov. 26, 2021 | Aug. 07, 2021 | Dec. 31, 2021 | Dec. 31, 2020 |
Related Party Transaction [Line Items] | ||||||
Deposit on stock purchase agreement - related party | $ 100,000 | |||||
Subsequent Event [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Percentage of shares exchanged | 50.00% | |||||
Deposits | $ 195,000 | $ 805,000 | ||||
Agreement terms | Should the Company be unable to fund the balance of $805,000 by June 30, 2022, the transaction will be cancelled, and all deposits would be returned to the Company | |||||
CGI Agreement [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Number of shares acquired | 50,000 | |||||
Percentage of shares exchanged | 50.00% | |||||
Aggregate purchase value | $ 1,000,000 | |||||
Shareholder Agreement [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Percentage of shares exchanged | 50.00% | |||||
Deposits | $ 900,000 | |||||
Agreement terms | Should the Buyer be unable to fund the balance of $900,000 by March 31, 2022, the transaction shall be cancelled and the refundable deposit of $100,000 shall be returned to the Company. In March of 2022, the parties mutually agreed to extend the closing date to June 30, 2022 | |||||
Shareholder Agreement [Member] | Subsequent Event [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Deposits | $ 900,000 | |||||
Shareholder Agreement [Member] | Equity Method Investee [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Refundable deposits | $ 100,000 |
Schedule of Property and Equipm
Schedule of Property and Equipment (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | ||
Subtotal | $ 55,473 | $ 55,473 |
Less accumulated depreciation | (46,949) | (40,556) |
Property and equipment, net | 8,524 | 14,917 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Subtotal | 43,152 | 43,152 |
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Subtotal | $ 12,321 | $ 12,231 |
Property and Equipment (Details
Property and Equipment (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 6,393 | $ 6,861 |
Summary of Financial Informatio
Summary of Financial Information of Subsidiaries (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Restructuring Cost and Reserve [Line Items] | ||
Revenue | ||
Operating expenses | 976,386 | 668,418 |
Net loss | (1,104,819) | (1,148,828) |
Current assets | ||
Current liabilities | 3,065,044 | 2,773,936 |
Pineapple Ventures, Inc., [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Revenue | 147,059 | 620,337 |
Cost of goods sold | 1,325 | 2,565 |
Gross margin | 145,734 | 617,772 |
Operating expenses | (2,889,211) | (1,471,271) |
Gain on dispensary equity sale | 2,300,000 | |
Net loss | (443,477) | (853,499) |
Current assets | 1,550,602 | 77,402 |
Non-current assets | 673,880 | 163,109 |
Current liabilities | 2,011,445 | 1,280,251 |
Non-Current liabilities | $ 1,690,783 | $ 1,280,251 |
Equity Method Investment (Detai
Equity Method Investment (Details Narrative) - USD ($) | Jan. 17, 2020 | Jan. 17, 2020 | Mar. 19, 2019 | Jan. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Feb. 11, 2021 | Feb. 11, 2020 |
Investment cost | $ 11,000,000 | |||||||||
Investment option price | $ 0.55 | |||||||||
Equity method investment ownership percentage | 45.17% | 45.17% | ||||||||
Loss from equity investment | $ 200,318 | $ 388,099 | ||||||||
Equity method investments | $ 9,288,298 | $ 9,488,616 | ||||||||
Pineapple Ventures, Inc., [Member] | Mr. Ortega [Member] | ||||||||||
Existing loan cancelled | $ 1,062,000 | $ 1,062,000 | ||||||||
Capital stock shares issued | 10,000 | 10,000 | 4,827 | 10,000 | ||||||
Equity method investments shares owned | 45,173 | |||||||||
Equity method investment ownership percentage | 45.17% | 50.00% | ||||||||
Common Stock [Member] | ||||||||||
Number of stock issued during the period converted | 1,080,275 | |||||||||
Issuance of common shares for equity method investment | 10,000,000 | 10,000,000 | ||||||||
Equity method investment ownership percentage | 50.00% | |||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc., [Member] | ||||||||||
Acquisition percentage | 50.00% | 50.00% | ||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc., [Member] | Series A Convertible Preferred Stock [Member] | ||||||||||
Convertible preferred stock shares converted upon issuance | 20,000,000 | 2,000,000 | ||||||||
Number of stock issued during the period converted | 2,000,000 | 20,000,000 |
Leases (Details Narrative)
Leases (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Jan. 02, 2019 | |
Restructuring Cost and Reserve [Line Items] | |||
Lease expiration date | Jun. 30, 2020 | ||
Extended lease term | 3 years | ||
Right-of-use asset | $ 122,985 | ||
Lease liability | $ 122,985 | ||
Incremental borrowing lease percentage | 25.00% | ||
Lease expense | $ 0 | $ 42,489 | |
Lease payments | 0 | 42,856 | |
Amortization of operating lease right-of-use-asset | 40,775 | ||
Payments of rent | 12,000 | $ 3,750 | |
Pineapple Ventures, Inc., [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Payments of rent | $ 1,000 |
Schedule of Notes Payable Relat
Schedule of Notes Payable Related Party Transactions (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Short-term Debt [Line Items] | ||
Notes payable | $ 886,918 | $ 857,175 |
Sky Island, Inc., [Member] | ||
Short-term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0.00% | 0.00% |
Secured | No | No |
Notes payable | $ 8,015 | |
Eric Kennedy [Member] | ||
Short-term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0.00% | 0.00% |
Secured | No | No |
Notes payable | $ 30,000 | $ 30,000 |
Rob Novinger [Member] | ||
Short-term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0.00% | 0.00% |
Secured | No | No |
Notes payable | $ 30,851 | $ 30,851 |
Neu-Ventures, Inc. [Member] | ||
Short-term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0.00% | 0.00% |
Secured | No | No |
Notes payable | $ 826,067 | $ 788,309 |
Notes Payable, Related Party (D
Notes Payable, Related Party (Details Narrative) - USD ($) | Aug. 07, 2021 | Dec. 31, 2021 | Jan. 31, 2021 | May 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 17, 2020 | Jan. 31, 2020 | Jan. 02, 2020 |
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Notes payable, related party | $ 886,918 | $ 886,918 | $ 857,175 | ||||||
Amount payable | $ 1,062,000 | ||||||||
Accrued interest | $ 312,891 | ||||||||
Gain on extinguishment of debt | $ 77,360 | ||||||||
Percentage of equity ownership interest | 45.17% | 45.17% | 45.17% | ||||||
Proceeds from advance | $ 58,075 | $ 551,824 | |||||||
Common stock issued for debt extinguishment | 120,000 | ||||||||
Repayments of related party | 288,950 | 8,200 | |||||||
Neu-Ventures, Inc. [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Amount payable | $ 826,067 | 826,067 | 788,309 | ||||||
Proceeds from advance | $ 23,075 | 592,028 | |||||||
Payment for cash | 253,950 | ||||||||
Corporate expenses | 110,437 | ||||||||
Consulting fees | $ 108,197 | ||||||||
Number of shares issued | 200,000 | ||||||||
Common stock issued for debt extinguishment | 120,000 | ||||||||
Repayments of related party | 9,000 | ||||||||
Neu-Ventures, Inc. [Member] | Capital Growth Investment, Inc [Member] | Stock Purchase Agreement [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Shares issed for acquisition, value | $ 100,000 | ||||||||
Shares issed for acquisition | 50,000 | ||||||||
Eric Kennedy [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Amount payable | 30,000 | $ 30,000 | 30,000 | ||||||
Accounts payable and accrued liabilities | $ 35,000 | ||||||||
Gain on settlement of related party debt | 36,000 | ||||||||
Related party notes payable | 35,000 | ||||||||
Payments to notes | 10,000 | ||||||||
Debt instrument principal and interest | $ 5,000 | 5,000 | |||||||
Rob Novinger [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Amount payable | 30,851 | ||||||||
Gain on settlement of related party debt | 5,851 | ||||||||
Related party notes payable | 30,851 | ||||||||
Sky Island, Inc., [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Notes payable, related party | 0 | 0 | $ 1,757,124 | ||||||
Accrued interest | $ 0 | $ 0 | $ 45,637 | ||||||
Percentage of equity ownership interest | 48.20% | 48.20% | 49.60% | ||||||
Interest expenses | $ 0 | $ 53,821 | |||||||
Interest paid | 0 | 0 | |||||||
Sky Island, Inc., [Member] | Jaime Ortega Agreement [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Accrued interest | $ 45,637 | 45,637 | |||||||
Mr. Jaime Ortega [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Amount payable | 8,015 | 8,015 | $ 8,015 | ||||||
Accrued interest | $ 45,637 | 45,637 | |||||||
Debt renewals or extension | $ 1,000,000 | ||||||||
Gain on extinguishment of debt | $ 53,652 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) - USD ($) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Jan. 31, 2020 | Jul. 02, 2016 | |
Short-term Debt [Line Items] | ||||
Principal amount | $ 1,062,000 | |||
Accrued interest | $ 312,891 | |||
Line of Credit [Member] | ||||
Short-term Debt [Line Items] | ||||
Line of credit | $ 27,313 | $ 27,313 | ||
Principal amount | 19,838 | 19,838 | ||
Accrued interest | $ 7,475 | $ 7,475 | ||
Better Business Consultants, Inc. [Member] | Line of Credit [Member] | ||||
Short-term Debt [Line Items] | ||||
Notes payable | $ 25,000 | |||
Debt instrument term | 6 months |
Schedule of Settlement Payable
Schedule of Settlement Payable (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | ||
Settlement Payable | $ 615,000 | $ 615,000 |
Investor Three [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investor Three | $ 615,000 | $ 615,000 |
Settlement Payable (Details Nar
Settlement Payable (Details Narrative) - USD ($) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 | Dec. 31, 2015 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Loss on settlement of debt | $ 77,360 | |||
Investor Three [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Note payable | $ 200,000 | |||
Loss on settlement of debt | $ 615,000 | $ 97,800 | ||
Investor Three [Member] | Revenue Share Agreement [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Advances on agreements | $ 750,000 | |||
Due to related party | 825,000 | |||
Deferred finance cost | $ 75,000 |
Schedule of Advance on Agreemen
Schedule of Advance on Agreement (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Defined Benefit Plan Disclosure [Line Items] | |||
Advances on agreements | $ 169,000 | $ 169,000 | |
Investor One and Investor Two [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Advances on agreements | $ 169,000 | $ 169,000 | $ 187,500 |
Advances on Agreements (Details
Advances on Agreements (Details Narrative) - USD ($) | Feb. 28, 2019 | Mar. 18, 2016 | Feb. 16, 2016 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2016 | Mar. 22, 2016 |
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Rent payment | $ 12,000 | $ 3,750 | |||||||
Advances on agreements current | 169,000 | 169,000 | |||||||
Number of shares issued, value | 5,500,000 | ||||||||
Additional expense | 5,475 | 63,490 | |||||||
Advances on agreements | 0 | ||||||||
Investor One [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Advances on agreements current | 187,500 | ||||||||
Number of shares issued, value | $ 200,000 | ||||||||
Installment payments | 10,000 | ||||||||
Interest expense | $ 4,125 | ||||||||
Investor One [Member] | Binding Letter of Intent One [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Payments to purchased property | $ 125,000 | ||||||||
Repurchase the financed property | 187,500 | ||||||||
Rent payment | $ 3,750 | ||||||||
Advances from related party | $ 125,000 | ||||||||
Escrow deposit | $ 40,768 | ||||||||
Number of shares issued | 20,000 | ||||||||
Number of shares issued, value | $ 10,000 | ||||||||
Investor One [Member] | Binding Letter of Intent Two [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Advances on agreements current | 191,625 | ||||||||
Investor Two [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Escrow deposit | $ 350,000 | ||||||||
Investor Two [Member] | Binding Letter of Intent One [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Deferred liability | 62,500 | ||||||||
Investor Two [Member] | Binding Letter of Intent Two [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Payments to purchased property | $ 350,000 | ||||||||
Repurchase the financed property | 500,000 | ||||||||
Escrow deposit | 165,768 | ||||||||
Purchase price of property | $ 515,000 | ||||||||
Investor Two [Member] | Binding Letter of Intent [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Forfeited escrow deposits | $ 165,768 | ||||||||
Investor One And Two [Member] | Binding Letter of Intent One [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Investment as note payable | 125,000 | ||||||||
Investor One and Investor Two [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Advances on agreements current | 169,000 | $ 169,000 | $ 187,500 | ||||||
Number of shares issued, value | 11,000 | ||||||||
Additional expense | 8,375 | ||||||||
Debt periodic payment | $ 10,000 | ||||||||
Reduced value | $ 1,000 | ||||||||
Advances on agreements | $ 0 | ||||||||
Investor One and Investor Two [Member] | Binding Letter of Intent One [Member] | |||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||
Number of shares issued | 20,000 |
Stockholders_ Equity (Details N
Stockholders’ Equity (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Class of Stock [Line Items] | |||
Capital stock authorized to issue | 525,000,000 | 525,000,000 | |
Capital stock, par value | $ 0.00 | $ 0.00 | |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | |
Common stock shares designated | 500,000,000 | 500,000,000 | |
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | |
Common stock, shares issued | 91,163,569 | 88,461,200 | |
Common stock, shares outstanding | 91,163,569 | 88,461,200 | |
Number of shares sold | 2,630,000 | ||
Common stock to be issued for cash | $ 284,000 | ||
Number of share issued for service | 1,490,000 | 10,000,000 | |
Number of share issued for service value | $ 340,000 | $ 80,800 | $ 5,500,000 |
Common stock pursuant | 1,829,631 | ||
Stock issued for exchange of debt, shares | 555,275 | ||
Debt settlements, value | $ 440,220 | ||
Related party note payable extinguishment | $ 77,360 | ||
Equity method investment ownership, percentage | 45.17% | 45.17% | |
Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Common stock, shares issued | 10,000,000 | ||
Number of share issued for service | 1,570,000 | 490,000 | |
Number of share issued for service value | |||
Number of shares issued for service | 525,000 | ||
Related party note payable extinguishment | $ 120,000 | ||
Equity method investment ownership, percentage | 50.00% | ||
Neu Venture, Inc [Member] | |||
Class of Stock [Line Items] | |||
Number of share issued for service | 200,000 | ||
Number of share issued for service value | $ 50,000 | ||
Directors Consultants and Officers [Member] | |||
Class of Stock [Line Items] | |||
Number of share issued for service | 1,570,000 | ||
Number of share issued for service value | $ 340,000 | ||
Director [Member] | |||
Class of Stock [Line Items] | |||
Number of share issued for service | 132,000 | ||
Number of share issued for service value | $ 33,000 | ||
Series A Convertible Preferred Stock [Member] | |||
Class of Stock [Line Items] | |||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | |
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | |
Preferred Stock [Member] | |||
Class of Stock [Line Items] | |||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | May 11, 2021 | Apr. 08, 2021 | Jan. 22, 2018 | Dec. 11, 2017 | Feb. 29, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Settlement Agreement [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Stock subscription receivable | $ 1,000,000 | $ 1,000,000 | ||||||
Stock option exercise | $ 1,000,000 | |||||||
Settlement Agreement [Member] | Salem [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Number of shares cancelled during the period | 1,829,631 | |||||||
Settlement Agreement [Member] | Salem [Member] | Common Stock [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Number of stock retained | 400,000 | |||||||
Settlement Agreement [Member] | Arbitration Award [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Number of shares issued for settlement, value | $ 100,000 | |||||||
Pineapple Express, Inc. [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Put option payable | 1,000,000 | |||||||
Stock subscription receivable | 1,000,000 | |||||||
Contingent liabilities | $ 40,000 | |||||||
Stock subscriptions payable | $ 444,220 | |||||||
Settlement shares issued | $ 40,000 | |||||||
Stipulated judgment claimed | 60,000 | |||||||
Judgement debtor's amount | 30,851 | |||||||
Hawkeye v. Pineapple Express, Inc [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Plaintiff claimed damages | 900,000 | |||||||
Claims from court | 615,000 | |||||||
Sharper, Inc v.Pineapple Express, Inc [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Amount in controversy | 32,500 | |||||||
Principal amount | 15,375 | |||||||
Contingent liabilities | 18,692 | 18,692 | ||||||
Cunningham Pineapple Express, Inc [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Judgement enforcement value | $ 47,674 | |||||||
Cunningham v.Pineapple Express, Inc [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Judgment award transitioned | $ 2,367 | |||||||
The Hit Channel, Inc v.Pineapple Express, Inc [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Restricted stock | $ 40,000 | |||||||
Restricted stock | 555,275 | |||||||
StoryCorp Consulting, dba Wells Compliance Group [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Contingent liabilities | 23,805 | |||||||
Judgment award transitioned | 15,000 | |||||||
Defendant | $ 29,280 | |||||||
Accrued expenses | $ 29,280 | |||||||
Russ Schamun [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Contingent liabilities | $ 7,500 | $ 7,500 |
Schedule of Effective Income Ta
Schedule of Effective Income Tax (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
U.S. federal statutory tax rate | 21.00% | 21.00% |
State tax, net of federal tax benefit | 7.00% | 6.60% |
Related party interest | (1.00%) | |
Change in valuation allowance | (28.00%) | (26.60%) |
Other | 0.00% | 0.00% |
Total deferred tax assets | 0.00% | 0.00% |
Schedule of Deferred Tax Assets
Schedule of Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryforwards | $ 1,868,691 | $ 1,654,858 |
Stock-based compensation | 800,552 | 705,408 |
Accruals and reserves | 1,494,837 | 1,494,837 |
Other | 17,867 | 17,867 |
Fixed assets | 2,185 | 2,185 |
Total deferred tax assets | 4,184,132 | 3,875,155 |
Valuation allowance | (4,184,132) | (3,875,155) |
Net deferred tax assets |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Deferred tax valuation allowances percentage | 100.00% | |
Operating loss carryforwards for federal income | $ 6,973,000 | $ 6,209,000 |
Operating loss carryforwards for state income | $ 5,789,000 | $ 5,025,000 |
Operating loss carryforwards expiration | expire beginning in 2036 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - Subsequent Event [Member] - USD ($) | May 05, 2022 | Mar. 31, 2022 |
Subsequent Event [Line Items] | ||
Payment to equity method investment | $ 95,000 | |
Capital growth investments | 50.00% | |
Deposits | $ 195,000 | $ 805,000 |
Percentage of shares exchanged | 50.00% | |
Agreement terms | Should the Company be unable to fund the balance of $805,000 by June 30, 2022, the transaction will be cancelled, and all deposits would be returned to the Company |