Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2023 | Jan. 05, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2023 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
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 | 12301 Wilshire Blvd. | |
Entity Address, Address Line Two | Suite 302 | |
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 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 | false | |
Entity Common Stock, Shares Outstanding | 73,103,569 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | [1] | Dec. 31, 2022 | Sep. 30, 2022 | [2] | Jun. 30, 2022 | [2] | Mar. 31, 2022 | [2] | Dec. 31, 2021 | [2] | |
Current Assets: | ||||||||||||||
Inventory | $ 4,710 | $ 27,336 | ||||||||||||
Total Current Assets | 4,710 | 27,336 | ||||||||||||
Security deposits | 375,971 | |||||||||||||
Property and equipment, net | 2,358 | |||||||||||||
Operating lease right-of-use assets, net | 7,729,619 | |||||||||||||
Total Assets | 8,110,300 | 29,694 | ||||||||||||
Current Liabilities: | ||||||||||||||
Accounts payable and accrued liabilities | 402,289 | 398,551 | ||||||||||||
Accrued interest payable | 6,771 | 6,771 | ||||||||||||
Settlement payable - related party | 615,000 | 615,000 | ||||||||||||
Due to affiliates | 21,456 | |||||||||||||
Advances on agreements | 169,000 | 169,000 | ||||||||||||
Contingent liabilities | 105,523 | 105,523 | ||||||||||||
Operating lease liabilities | 1,618,330 | |||||||||||||
Total Current Liabilities | 3,925,392 | 1,414,372 | ||||||||||||
Operating lease liabilities, non-current | 6,508,196 | |||||||||||||
Total Liabilities | 10,433,588 | 1,414,372 | ||||||||||||
Commitments and contingencies (note 14) | ||||||||||||||
Stockholders’ Deficit: | ||||||||||||||
Preferred stock value | ||||||||||||||
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 73,103,569 shares and 71,163,569 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively | 7 | 7 | ||||||||||||
Subscription received – shares to be issued | 150,000 | |||||||||||||
Additional paid-in-capital | 22,239,079 | 22,004,079 | ||||||||||||
Accumulated deficit | (24,562,374) | (23,538,764) | ||||||||||||
Total Stockholders’ Deficit | (2,323,288) | $ (1,806,778) | $ (1,452,197) | (1,384,678) | [1] | $ (2,740,445) | $ 6,978,938 | $ 6,792,182 | $ 6,316,935 | |||||
Total Liabilities and Stockholders’ Deficit | 8,110,300 | 29,694 | ||||||||||||
Series A Convertible Preferred Stock [Member] | ||||||||||||||
Stockholders’ Deficit: | ||||||||||||||
Preferred stock value | ||||||||||||||
Related Party [Member] | ||||||||||||||
Current Liabilities: | ||||||||||||||
Accounts payable - related party | 31,666 | 31,500 | ||||||||||||
Notes payable | 46,733 | 46,733 | ||||||||||||
Affiliated Entity [Member] | ||||||||||||||
Current Liabilities: | ||||||||||||||
Due to affiliates | 910,242 | 21,456 | ||||||||||||
Nonrelated Party [Member] | ||||||||||||||
Current Liabilities: | ||||||||||||||
Notes payable | $ 19,838 | $ 19,838 | ||||||||||||
[1]Retrospectively reflect Pineapple Wellness accounts under transactions between entities under common control[2]Retrospectively reflect Pineapple Wellness accounts under transactions between entities under common control |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Sep. 30, 2023 | Dec. 31, 2022 |
Preferred stock, shares par value | $ 0.00 | $ 0.00 |
Preferred stock, shares authorised | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, shares par value | $ 0.00 | $ 0.00 |
Common stock, shares authorised | 500,000,000 | 500,000,000 |
Common stock, shares issued | 73,103,569 | 71,163,569 |
Common stock, shares outstanding | 73,103,569 | 71,163,569 |
Series A Convertible Preferred Stock [Member] | ||
Preferred stock, shares par value | $ 0.00 | $ 0.00 |
Preferred stock, shares authorised | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Revenue | ||||
Sublease revenue - related parties | $ 105,000 | $ 157,500 | ||
Lease expense | 474,996 | 798,130 | ||
Sublease revenue | (369,996) | (640,630) | ||
Sales revenue | 90 | 331 | 90 | 1,153 |
Cost of sales | 268 | 756 | ||
Gross profit excluding sublease revenue | 90 | 63 | 90 | 397 |
Gross Profit (Loss) | (369,906) | 63 | (640,540) | 397 |
Operating Expenses | ||||
General and administrative | 28,851 | 66,139 | 85,623 | 204,638 |
Lease expense | 48,253 | 48,253 | ||
Management consulting fees - related parties | 69,500 | 59,000 | 219,500 | 177,000 |
Depreciation | 933 | 2,358 | 4,129 | |
Total Operating Expenses | 146,604 | 126,072 | 355,734 | 385,767 |
Operating loss | (516,510) | (126,009) | (996,274) | (385,370) |
Other Income (Expense) | ||||
Income from equity-method investment | 757,991 | 1,499,355 | ||
Gain on forgiveness of related party note payable | 30,000 | |||
Impairment of inventory | (27,336) | |||
Gain on sale of subsidiary | 386,287 | 386,287 | ||
Loss on impairment of equity-method investment | (10,787,652) | (10,787,652) | ||
Total Other Income (expense) | (9,643,374) | (27,336) | (8,872,010) | |
Loss before taxes | (516,510) | (9,769,383) | (1,023,610) | (9,257,380) |
Provision for income taxes | ||||
Net Loss | $ (516,510) | $ (9,769,383) | $ (1,023,610) | $ (9,257,380) |
Net Loss Per Share - Basic | $ (0.01) | $ (0.11) | $ (0.01) | $ (0.10) |
Net Loss Per Share - Diluted | $ (0.01) | $ (0.11) | $ (0.01) | $ (0.10) |
Weighted Average Common Shares - Basic | 73,103,569 | 91,163,569 | 72,204,741 | 91,163,569 |
Weighted Average Common Shares - Diluted | 73,103,569 | 91,163,569 | 72,204,741 | 91,163,569 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Subscriptions Received Shares To Be Issued [Member] | Total | |
Balance at Dec. 31, 2021 | [1] | $ 9 | $ 22,004,077 | $ (15,687,151) | $ 6,316,935 | |
Balance, shares at Dec. 31, 2021 | [1] | 91,163,569 | ||||
Common stock issued on subscription received | 100,000 | 100,000 | ||||
Net income (loss) | 375,247 | 375,247 | ||||
Balance at Mar. 31, 2022 | [1] | $ 9 | 22,004,077 | (15,311,904) | 100,000 | 6,792,182 |
Balance, shares at Mar. 31, 2022 | [1] | 91,163,569 | ||||
Balance at Dec. 31, 2021 | [1] | $ 9 | 22,004,077 | (15,687,151) | 6,316,935 | |
Balance, shares at Dec. 31, 2021 | [1] | 91,163,569 | ||||
Net income (loss) | (9,257,380) | |||||
Balance at Sep. 30, 2022 | [1] | $ 9 | 22,004,077 | (24,944,531) | 200,000 | (2,740,445) |
Balance, shares at Sep. 30, 2022 | [1] | 91,163,569 | ||||
Balance at Mar. 31, 2022 | [1] | $ 9 | 22,004,077 | (15,311,904) | 100,000 | 6,792,182 |
Balance, shares at Mar. 31, 2022 | [1] | 91,163,569 | ||||
Common stock issued on subscription received | 50,000 | 50,000 | ||||
Net income (loss) | 136,756 | 136,756 | ||||
Balance at Jun. 30, 2022 | [1] | $ 9 | 22,004,077 | (15,175,148) | 150,000 | 6,978,938 |
Balance, shares at Jun. 30, 2022 | [1] | 91,163,569 | ||||
Common stock issued on subscription received | 50,000 | 50,000 | ||||
Net income (loss) | (9,769,383) | (9,769,383) | ||||
Balance at Sep. 30, 2022 | [1] | $ 9 | 22,004,077 | (24,944,531) | 200,000 | (2,740,445) |
Balance, shares at Sep. 30, 2022 | [1] | 91,163,569 | ||||
Balance at Dec. 31, 2022 | [2] | $ 7 | 22,004,079 | (23,538,764) | 150,000 | (1,384,678) |
Balance, shares at Dec. 31, 2022 | [2] | 71,163,569 | ||||
Common stock issued on subscription received | 150,000 | (150,000) | ||||
Common stock issued on subscription received, shares | 600,000 | |||||
Net income (loss) | (67,519) | (67,519) | ||||
Balance at Mar. 31, 2023 | [2] | $ 7 | 22,154,079 | (23,606,283) | (1,452,197) | |
Balance, shares at Mar. 31, 2023 | [2] | 71,763,569 | ||||
Balance at Dec. 31, 2022 | [2] | $ 7 | 22,004,079 | (23,538,764) | 150,000 | (1,384,678) |
Balance, shares at Dec. 31, 2022 | [2] | 71,163,569 | ||||
Net income (loss) | (1,023,610) | |||||
Balance at Sep. 30, 2023 | $ 7 | 22,239,079 | (24,562,374) | (2,323,288) | ||
Balance, shares at Sep. 30, 2023 | 73,103,569 | |||||
Balance at Mar. 31, 2023 | [2] | $ 7 | 22,154,079 | (23,606,283) | (1,452,197) | |
Balance, shares at Mar. 31, 2023 | [2] | 71,763,569 | ||||
Net income (loss) | (439,581) | (439,581) | ||||
Common stock issued for cash | 85,000 | 85,000 | ||||
Common stock issued for cash, shares | 340,000 | |||||
Common stock issued for acquisition of corporation under common control | ||||||
Common stock issued for acquisition of corporation under common control, shares | 1,000,000 | |||||
Balance at Jun. 30, 2023 | $ 7 | 22,239,079 | (24,045,864) | (1,806,778) | ||
Balance, shares at Jun. 30, 2023 | [2] | 73,103,569 | ||||
Net income (loss) | (516,510) | (516,510) | ||||
Balance at Sep. 30, 2023 | $ 7 | $ 22,239,079 | $ (24,562,374) | $ (2,323,288) | ||
Balance, shares at Sep. 30, 2023 | 73,103,569 | |||||
[1]Retrospectively reflect Pineapple Wellness accounts under transactions between entities under common control[2]Retrospectively reflect Pineapple Wellness accounts under transactions between entities under common control |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Cash Flows from Operating Activities | ||
Net Loss | $ (1,023,610) | $ (9,257,380) |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Impairment of inventory | 27,336 | |
Depreciation of property and equipment | 2,358 | 4,129 |
Income from equity-method investment | (1,499,355) | |
Gain on forgiveness of related party note payable | (30,000) | |
Loss on impairment of equity-method investment | 10,787,652 | |
Gain on sale of subsidiary | (386,287) | |
Changes in operating assets and liabilities: | ||
Inventory | (4,710) | (3,961) |
Security deposits | (375,971) | |
Right-of-use assets | 581,764 | |
Accounts payable and accrued liabilities | 3,738 | 90,758 |
Accounts payable - related party | 166 | 31,000 |
Operating lease liabilities | (184,857) | |
Due to affiliates | 1,036,917 | 159,449 |
Net cash provided by (used in) operating activities | 63,131 | (103,995) |
Cash Flows from Financing Activities | ||
Proceeds from related parties | 86,241 | |
Repayment to related parties | (234,372) | |
Proceeds from issuance of common stock | 85,000 | |
Proceeds from stock subscription | 150,000 | |
Proceeds from related party notes payable | 5,995 | |
Repayments of related party notes payable | (52,000) | |
Net cash provided by (used in) financing activities | (63,131) | 103,995 |
Net Change in Cash | ||
Cash, Beginning of Period | ||
Cash, End of Period | ||
Supplemental Disclosures of Cash Flow Information | ||
Cash paid for interest | ||
Cash paid for taxes | ||
Supplemental Disclosures of Non-Cash Investing and Financing Activities | ||
Recognition of right-of-use assets | 8,311,383 | |
Common stock issued on subscription received | $ 150,000 |
Organization and Description of
Organization and Description of Business | 9 Months Ended |
Sep. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | Note 1 – Organization and Description of Business Pineapple, Inc. (“Pineapple” or the “Company”) was originally formed in the State of Nevada August 3, 1983 On March 10, 2023, the Company entered into an Amended Binding Letter Agreement with Mr. Ortega, effective as of December 31, 2022 amending a prior Binding Letter Agreement executed January 4, 2023, where the Company agreed to sell 45.17 20,000,000 0.0000001 1,477,032 On June 12, 2023, the Company entered into an Amendment to the Letter of Intent, by and between the Company and Matthew Feinstein (the “Amended LOI”), which amends the Binding Letter of Intent, dated September 28, 2022. Pursuant to the Amended LOI, the Company shall acquire 100 % of the issued and outstanding shares of the common stock of Pineapple Wellness, Inc., a California corporation (“PW”) from Matthew Feinstein, the Chief Financial Officer, Director and shareholder of the Company and also the sole shareholder of PW, in exchange for 1,000,000 shares of the Company’s common stock, valued at $ 0.90 900,000 Presently, the Company procures and leases properties to licensed cannabis operators and provides nationwide hemp-derived CBD sales via online and in-store transactions. Through the Company’s operating subsidiary, Pineapple Express Consulting Inc., it also offers cannabis business licensing and consulting services. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed 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”). They do not include all of the information and footnotes required by GAAP for complete financial statements and, accordingly, certain information, footnotes, and disclosures normally included in the annual financial statements, prepared in accordance with GAAP, have been condensed or omitted in accordance with SEC rules and regulations. The accompanying financial information should be read in conjunction with the financial statements and the notes thereto in the Company’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on May 5, 2023. In the opinion of management, the financial data presented includes all adjustments necessary to present fairly the financial position, results of operations, and cash flows for the periods presented. Results of interim periods should not be considered indicative of the results for the full year. These unaudited condensed consolidated financial statements include estimates and assumptions of management that affect the amounts reported in the unaudited condensed consolidated financial statements. Actual results could differ from these estimates. 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. and Pineapple Wellness, Inc., doing business as Pineapple Wellness. Intercompany accounts and transactions have been eliminated. The Company’s consolidated subsidiaries and/or entities are as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated State or Other Date of Incorporation or Attributable THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Express Consulting, Inc. California 3/16/2017 100 % Pineapple Wellness, Inc. California 6/24/2019 (formed) 6/12/2023 (acquired by the Company) 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, Incremental borrowing rate (“IBR”) used for leases and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates. During the third quarter ended September 30, 2023, we completed an assessment of the IBR used on our operating leases entered into during the nine months ended September 30, 2023. We determined to modify the general rate we applied to all leases of 6.5 % to use IBR rates estimated on the day of operating lease commencement, ranging from 6.2 % to 6.95 %, which allow for more accurate valuation of ROU assets and lease liability for each individual leased office premise. This change in accounting estimate was effective July 1, 2023 and was accounted for prospectively in the condensed consolidated financial statements. Reclassifications Certain prior period amounts have been reclassified to conform with the current period presentation. (Note 13) 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 payable and accrued liabilities, and other current liabilities, approximate their fair values because of the short maturity of these instruments. The fair value of notes payable approximates their fair values since the current interest rates and terms on these obligations are the same as prevailing market rates. Acquisition Under Common Control Under ASC 805-50-30-5, when accounting for a transfer of assets or exchange of shares between entities under common control, the receiving entity shall recognize the assets and liabilities transferred at their historical cost and Security Deposits As of September 30, 2023, security deposits relate to security deposits paid for ten office premises of $ 375,971 Inventory Inventory is stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out (“FIFO”) method. During the nine months ended September 30, 2023, the Company acquired inventory of hemp CBD wellness products of $ 4,710 27,336 4,710 27,336 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 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 Investment – Equity Method The Company accounted for its equity method investment PVI 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 investment 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, 2022, management identified indicators of other-than-temporary impairment that at that period led to the conclusion that the carrying value of its equity method investment is not recoverable. As a result, the Company has recorded an impairment write-down in the consolidated statements of operations for the year ended December 31, 2022. During the nine months ended September 30, 2023 and September 30, 2022, the Company recorded income from equity method investment of $ 0 1,499,355 Related Party Balances and Transactions The Company follows FASB ASC 850, “ Related Party Disclosures Leases We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities - current, and operating lease liabilities - noncurrent on the balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Non-lease components such as common area maintenance (“CAM”), variable expenses, and late fees were excluded from calculation for ROU assets and lease liabilities. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Lease expense is reported under cost of sales in the Consolidated Statements of Operations in line with the Company’s main operation of procuring and leasing properties to licensed cannabis operators. For office premises that are not used for subleasing, leases expense is reported under lease expense of operating expenses in the Consolidated Statements of Operations. Sublease Under ASC 842, income for a sublessor operating lease is recognized as a single lease income item on a straight-line basis over the lease term and reflected in the appropriate income statement line item based on the lease asset’s function. For transactions where the company is considered the sublessor, revenue for operating leases is recognized on a monthly basis over the term of the lease. Sublessor revenue relates to operating leases that the Company is subleasing. The Company recognizes sublease revenue on a gross basis. (see note 9) Revenue Recognition The Company’s revenue derives from sublease revenue and sales of CBD products. The Company recognizes revenue from the sale of CBD products in accordance with ASC 606, “ Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation For the nine months ended September 30, 2023 and 2022, the Company recognized revenue from the sale of CBD products of $ 90 1,153 0 756 90 397 The Company recognizes revenue from subleasing of office premises in accordance with ASC842, “Lease Accounting”. For the nine months ended September 30, 2023 and 2022, the Company recognized sublease revenue from related parties of $ 157,500 0 798,130 0 640,630 0 Net Income (Loss) Per Share Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted income (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 income (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 September 30, 2023 and December 31, 2022, the Company had no no Recently Adopted and Pending Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, ASC Subtopic “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. These amendments clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments in this update are effective for public business entities for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company is currently assessing the impact of the adoption of this standard on its consolidated financial statements. The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its financial statements. |
Going Concern
Going Concern | 9 Months Ended |
Sep. 30, 2023 | |
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 $ 24,562,374 1,023,610 The Company has incurred net losses during the nine months ended September 30, 2023 and in all prior years. 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 restricted 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. 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 and/or curtail operations 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. |
Property and Equipment
Property and Equipment | 9 Months Ended |
Sep. 30, 2023 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | Note 4 – Property and Equipment Property and equipment as of September 30, 2023 and December 31, 2022 is summarized as follows: Schedule of Property and Equipment September 30, 2023 December 31, 2022 Furniture and fixtures $ 43,152 $ 43,152 Office equipment 12,321 12,321 Total property and equipment 55,473 55,473 Less: Accumulated depreciation (55,473 ) (53,115 ) Total property and equipment, net $ - $ 2,358 Depreciation expense for the nine months ended September 30, 2023 and 2022 was $ 2,358 4,129 |
Notes Payable, Related Party
Notes Payable, Related Party | 9 Months Ended |
Sep. 30, 2023 | |
Notes Payable Related Party | |
Notes Payable, Related Party | Note 5 – Notes Payable, Related Party Notes payable-related party, are comprised of the following as of September 30, 2023 and December 31, 2022: Schedule of Notes Payable Related Party Transactions Noteholder Due Interest Rate Secured September 30, December 31, Rob Novinger Demand 0 % No $ 30,851 $ 30,851 Neu-Ventures, Inc. Demand 0 % No $ 15,882 $ 15,882 $ 46,733 $ 46,733 Rob Novinger (shareholder) Rob Novinger is a shareholder and creditor to the Company. There was no 30,851 Neu-Ventures, Inc. Neu-Ventures, Inc. is an entity owned by our former majority shareholder and current shareholder, Mr. Ortega. These advances are due on demand and do not incur interest. The balance of the related party note payable is $ 15,882 |
Note Payable
Note Payable | 9 Months Ended |
Sep. 30, 2023 | |
Debt Disclosure [Abstract] | |
Note Payable | Note 6 – Note Payable The Company, through our former subsidiary, Better Business Consultants, Inc., entered into a $ 25,000 26,609 19,838 6,771 |
Settlement Payable-Related Part
Settlement Payable-Related Party | 9 Months Ended |
Sep. 30, 2023 | |
Settlement Payable-related Party | |
Settlement Payable-Related Party | Note 7 – Settlement Payable-Related Party At September 30, 2023 and December 31, 2022, the settlement payable related party balance consists of the following: Schedule of Settlement Payable Related Party Noteholder September 30, 2023 December 31, 2022 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 |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2023 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 8 – Related Party Transactions During the nine months ended September 30, 2023, the Company recognized sublease revenue of $ 17,500 17,500 During the nine months ended September 30, 2023, the Company recognized sublease revenue of $ 140,000 During the nine months ended September 30, 2023 and 2022, the Company incurred management consulting fees of $ 219,500 177,000 31,666 31,500 During the nine months ended September 30, 2023, Pineapple Consolidated, Inc. (“PCI”), a company controlled by the Director of Pineapple, Inc., advanced $ 86,241 1,042,637 234,282 50,000 844,596 0 During the nine months ended September 30, 2023, PVI, a company owned and controlled by shareholder Jaime Ortega, made lease payment of $ 44,280 90 65,646 21,456 The loans from the related parties are due on demand and non-interest bearing. As of September 30, 2023 and December 31, 2022, the total amount due to affiliates is $ 910,242 21,456 |
Leases
Leases | 9 Months Ended |
Sep. 30, 2023 | |
Leases | |
Leases | Note 9 – Leases Schedule of Leases As of Nine months ended Lease Expense Nine months ended September 30, Location Entity Nature Start End Security Deposit ROU Assets Lease Liabilities COGS Operating Expense Sublease Revenue 8707 Venice Blvd, Los Angeles, CA 90034 Pineapple Inc. Subleasing 4/1/2023 3/31/2028 $ 20,000 $ 472,286 $ 493,636 $ 61,550 $ - $ - 8912 Reseda Blvd, Northridge, CA 91324 Pineapple Inc. Subleasing 1/1/2023 12/31/2027 $ 12,000 $ 539,571 $ 551,570 $ 108,000 $ - $ 17,500 467 S.La Brea Ave., Los Angeles, CA 90036 Pineapple Inc. Subleasing 5/1/2023 4/30/2028 $ 37,998 $ 918,470 $ 1,016,173 $ 111,005 $ - $ - 4830 Huntington Drive South Los Angeles CA 90032 Pineapple Inc. Subleasing 6/1/2023 5/31/2028 $ - $ - $ - $ 17,000 $ - $ - 8342-8344 West 3rd St Los Angeles CA 90048 Pineapple Inc. Subleasing 5/1/2023 4/30/2028 $ 38,000 $ 918,975 $ 979,135 $ 98,210 $ - $ - 19841 Ventura Blvd. Woodland Hills CA 91364 Pineapple Inc. Subleasing 8/1/2023 1/31/2029 $ 21,330 $ 563,955 $ 574,458 $ 22,528 $ - $ - 7542-7544 Balboa Blvd. Lake Balboa, CA Pineapple Inc. Subleasing 4/15/2023 10/14/2027 $ 92,000 $ 984,527 $ 1,048,847 $ 139,320 $ - $ - 2378 Westwood Boulevard, Los Angeles CA 90064 Pineapple Inc. Subleasing 9/1/2023 8/31/2028 $ 26,650 $ 668,317 $ 681,642 $ 13,881 $ - $ - 1485 W.Sunset Blvd., Los Angeles, CA Pineapple Inc. Subleasing 5/15/2023 11/14/2030 $ 20,280 $ 1,384,139 $ 1,489,290 $ 105,150 $ - $ - 1704 N.Vine St. Unit 102 Hollywood CA 90028 Pineapple Inc. Subleasing 6/1/2023 9/30/2025 $ 50,000 $ 583,628 $ 583,628 $ 121,486 $ - $ 140,000 12301 Wilshire Blvd. Suite 302 Los Angeles CA Pineapple Inc. Headquarter 8/1/2023 9/1/2026 $ 57,713 $ 366,371 $ 377,474 $ - $ 22,645 $ - 8783 W.Pico Blvd., Los Angeles, CA 90035 Pineapple Wellness Retail Store 7/1/2023 2/1/2028 $ - $ 329,380 $ 330,673 $ - $ 25,607 $ - $ 375,971 $ 7,729,619 $ 8,126,526 $ 798,130 $ 48,253 $ 157,500 On January 11, 2023, the Company entered into a lease agreement for an office premise located at 8912 Reseda Blvd, Northridge, CA 91324 under a five -year term with two 5-year extension options upon expiry and monthly lease payment of $ 12,000 . The lease agreement commenced on January 1, 2023. During the nine months ended September 30, 2023, the Company made lease payments of $ 96,000 12,000 . As of September 30, 2023, lease payable was $ 12,000 During the nine months ended September 30, 2023, the Company recorded lease expense of $ 108,000 539,571 and operating lease liability was $ 551,570 . On March 10, 2023, the Company entered into a lease agreement for an office premise located at 8707 Venice Blvd, Los Angeles, CA 90034 under a five 5,000 10,000 4 40,200 40,000 200 20,000 During the nine months ended September 30, 2023, the Company recorded lease expense of $ 61,550 61,350 200 472,286 493,636 On May 1, 2023, the Company entered into a lease agreement for an office premise located at 467 S.La Brea Ave., Los Angeles, CA 90036 under a five -year term and monthly lease payment of $ 18,999 with annual escalation rate of 3 % and monthly CAM payment of $ 4,434 37,998 56,997 13,302 During the nine months ended September 30, 2023, the Company recorded lease expense of $ 111,005 97,703 13,302 918,470 1,016,173 On April 10, 2023, the Company entered into a lease agreement for an office premise located at 8342-8344 West 3rd St Los Angeles CA 90048 under a five 19,000 4 38,050 38,000 50 and security deposit of $ 38,000 During the nine months ended September 30, 2023, the Company recorded lease expense of $ 98,210 98,160 50 918,975 979,135 On April 1, 2023, the Company was assigned from PVI for lease obligation for an office premise located at 7542-7544 Balboa Blvd. Lake Balboa, CA under monthly lease payment of $ 12,500 with annual escalation rate of 5 % and will expire on October 14, 2027. The Company is also provided with two 5-year extension options upon expiry. During the nine months ended September 30, 2023, the Company made lease payments of $ 75,000 and security deposit of $ 92,000 . During the nine months ended September 30, 2023, the Company recorded lease expense of $ 139,320 984,527 and operating lease liability was $ 1,048,847 . On May 15, 2023, the Company entered into a lease agreement for an office premise located at 1485 W. Sunset Blvd., Los Angeles, CA under a 90 month term with an 5-year extension option upon expiry and monthly lease payment of $ 20,280 with annual escalation rate of 3 % and provided with lease abatement for the first six months until November 2023. During the nine months ended September 30, 2023, the Company made security deposit of $ 20,280 105,150 1,384,139 and operating lease liability was $ 1,489,290 . On June 1, 2023, the Company was assigned from PVI for lease obligation for an office premise located at 1704 N. Vine St. Unit 102 Hollywood CA 90028 with monthly lease payment of $ 25,950 4,414 September 30, 2025 121,486 103,800 17,656 30 and security deposit of $ 50,000 During the nine months ended September 30, 2023, the Company recorded lease expense of $ 121,486 103,800 17,656 30 under cost of sales in the Consolidated Statements of Operations. 583,628 583,628 On May 23, 2023, the Company entered into a lease agreement for an office premise located at 19841 Ventura Blvd. Woodland Hills CA 91364 under a 66 month term and monthly lease payment of $ 10,665 with 50 % rent abatement for the first three months of the lease and monthly CAM payment of $ 680 11,345 10,665 680 and security deposit of $ 21,330 . As of September 30, 2023, the CAM payable was $ 680 During the nine months ended September 30, 2023, the Company recorded lease expense of $ 22,528 21,168 1,360 563,955 and operating lease liability was $ 574,458 . On June 2, 2023, the Company entered into a lease agreement for an office premise located at 4830 Huntington Drive South Los Angeles CA 90032 under a five due to city permit granting issue and was then cancelled on August 28, 2023. The Company has made lease payment of $ 17,000 17,000 The Company is not entitled to return of the $ 17,000 On August 25, 2023, the Company entered into a lease agreement for an office premise located at 2378 Westwood Boulevard, Los Angeles CA 90064, with a commencement date of September 1, 2023, under a five 13,325 556 During the nine months ended September 30, 2023, the Company made security deposit of $ 26,650 13,325 556 During the nine months ended September 30, 2023, the Company recorded lease expense of $ 13,881 13,325 556 668,317 681,642 On July 20, 2023, the Company entered into a lease agreement for an office premise located at 12301 Wilshire Blvd. Suite 302 Los Angeles CA as headquarter of the Company, with a commencement date of August 1, 2023, under a 38 11,543 3 nd month (September 2023) and 3 rd 11,543 and security deposit of $ 57,713 22,645 366,371 377,474 On July 1, 2023, Pineapple Wellness was assigned from PVI for leasing of an office premise located at 8783 W. Pico Blvd., Los Angeles, CA 90035 as Retail Store of the Company, with remaining 56 6,788 3 1,318 24,315 20,263 3,953 During the nine months ended September 30, 2023, the Company recorded lease expense of $ 25,608 21,656 3,953 329,380 330,673 The components of operating leases were as follows: As of September 30, 2023 and December 31, 2022, the Company had the following lease obligations: Schedule of Operating Lease Liability Discount September 30, December 31, Rate Maturity 2023 2022 Current 6.20 6.95 % 2026-2030 $ 1,618,330 $ - Non-current 6.20 6.95 % 2026-2030 6,508,196 - $ 8,126,526 $ - Balance - December 31, 2022 $ - Lease liability additions 8,311,383 Repayment of lease liability (395,370 ) Imputed interest 210,513 Balance - September 30, 2023 $ 8,126,526 The following table summarizes the maturity of our lease liabilities as of September 30, 2023: Schedule of Maturity of Lease Liabilities Year Ending December 31, 2023 (excluding the nine months ended September 30, 2023) $ 466,992 2024 2,083,238 2025 2,053,999 2026 1,833,082 2027 1,714,157 Thereafter 1,293,646 Total lease payments 9,445,114 Less: imputed interest (1,318,588 ) Lease liabilities $ 8,126,526 The following summarizes other supplemental information about the Company’s operating leases as of September 30, 2023: Schedule of Supplemental Information on Operating Leases Weighted average discount rate 6.20 6.95 Weighted average remaining lease term (years) 4.42 Lease Cost Schedule of Lease Cost Office premises under sublease: Nine months ended Operating lease cost: September 30, 2023 Fixed lease cost $ 747,976 Variable lease cost 17,280 Non-lease component 32,874 Total Operating lease cost 798,130 Sublease income (157,500 ) Total lease cost, net $ 640,630 During the nine months ended September 30, 2023, the Company incurred lease expense of $ 798,130 747,976 17,280 32,873 Office premises not under sublease: Nine months ended Operating lease cost: September 30, 2023 Fixed lease cost $ 44,300 Variable lease cost - Non-lease component 3,953 Total lease cost $ 48,253 During the nine months ended September 30, 2023, the Company incurred lease expense of $ 48,253 44,300 3,953 Sublease On January 15, 2023, the Company, the sublessor, entered into a sub-lease agreement with a sublessee for an office premise located at 8912 Reseda Blvd, Northridge, CA 91324 under a five 16,000 On June 1, 2023, the Company was assigned from PVI sub-lease agreement with a sublessee for an office premise located at 1704 N. Vine St. Unit 102 Hollywood CA 90028. The sublease agreement will expire on December 31, 2025 35,000 During the nine months ended September 30, 2023, the Company recognized sublease revenue from related parties of $ 157,500 |
Advances on Agreements
Advances on Agreements | 9 Months Ended |
Sep. 30, 2023 | |
Advances On Agreements | |
Advances on Agreements | Note 10 – Advances on Agreements At September 30, 2023 and December 31, 2022, advances on agreements balance consist of the following: Schedule of Advance on Agreement Noteholder September 30, 2023 December 31, 2022 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 | 9 Months Ended |
Sep. 30, 2023 | |
Equity [Abstract] | |
Stockholders’ Equity | Note 11 – Stockholders’ Equity The Company is authorized to issue 525,000,000 0.0000001 5,000,000 20,000,000 500,000,000 no During the nine months ended September 30, 2023, the Company issued 600,000 150,000 During the nine months ended September 30, 2023, the Company issued 340,000 85,000 50,000 On June 12, 2023, the Company issued 1,000,000 shares of common stock valued at $ 0.90 100 % of the issued and outstanding shares of common stock of Pineapple Wellness, Inc., a California corporation controlled by the Chief Financial Officer, Director and shareholder of the Company. The investment in the common controlled entity and additional paid in capital of $ 900,000 During the nine months ended September 30, 2022, the Company received proceeds from stock subscriptions of $ 150,000 400,000 0.25 As of September 30, 2023 and December 31, 2022, the total issued and outstanding common stock was 73,103,569 71,163,569 |
Equity Method Investment
Equity Method Investment | 9 Months Ended |
Sep. 30, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investment | Note 12 - Equity Method Investment In March 2019, the Company acquired a 50 2,000,000 20,000,000 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 The investment was recorded at cost, which was determined to be $ 11,000,000 0.55 10,000,000 0 0 45.17 The following represents summarized financial information of PVI as of and for the nine months ended September 30, 2022: Summary of Financial Information of Subsidiaries Income statement 2022 Revenue $ 489,145 Cost of goods sold (756 ) Gross margin 488,389 Operating expenses (2,134,478 ) Gain on dispensary equity sale 4,965,510 Net income (loss) $ 3,319,421 Balance sheet Current assets $ 1,437,504 Non-current assets $ 2,205,536 Current liabilities $ (1,046,924 ) Non-Current liabilities $ (754,440 ) The Company has recorded an income from equity investment of $ 1,499,355 Management reviews its equity investment for impairment if and when circumstances indicate that a decline in fair value below its carrying amount may have occurred. PNPL determined that a triggering event occurred in September 2022 with respect to its equity method investment in PVI, due to the change in business strategy as of September 1, 2022 and the general adverse developments in the California cannabis industry, both of which have negatively impacted the investment’s strategic direction. After completing its impairment assessment, management determined that the carrying amount exceeded its estimated fair value and the impairment condition was considered other than temporary. The assumptions that most significantly affected the fair value determination included projected cash flows and the discount rate. The Company-specific inputs for measuring fair value are considered “Level 3” or unobservable inputs that are not corroborated by market data under applicable fair value authoritative guidance, as quoted market prices are not available. As such, PNPL has recorded an impairment charge of $ 10,787,652 |
Acquisition Under Common Contro
Acquisition Under Common Control | 9 Months Ended |
Sep. 30, 2023 | |
Acquisition Under Common Control | |
Acquisition Under Common Control | Note 13 – Acquisition Under Common Control On June 12, 2023, the Company issued 1,000,000 shares of common stock to acquire PW, a California corporation controlled by Matthew Feinstein who serves as the Chief Financial Officer, Director and Shareholder of PW. As the transaction was between entities under common control, the Company was required to recognize the assets and liabilities transferred at their historical cost and the financial statements presented for prior years were retrospectively adjusted for the periods during which the entities were under common control. commencing from the date of inception at June 24, 2019. The Company’s Consolidated Balance Sheet as of December 31, 2022, Statement of Operations for the three months and nine months ended September 30, 2022, Statement of Cash Flow for the nine months ended September 30, 2022 and Statement of Shareholders’ Deficit for the nine months ended September 30, 2022 contain retrospective presentation for the consolidation of Pineapple Wellness accounts from its date of inception with the Company’s accounts resulted from the acquisition of the entity under common control on June 12, 2023. (Note 1) Schedule of Restatement of Consolidated Balance Sheets and Operations Originally Reported Common As Adjusted December 31, 2022 Acquired Entry Under Originally Reported Common As Adjusted Assets Current Assets: Cash $ - $ - $ - Prepaid expense - - - Lease receivable - - - Inventory - 27,336 27,336 Total Current Assets - 27,336 27,336 Security deposits - - Property and equipment, net 2,358 - 2,358 Operating lease right-of-use assets, net - - - Total Assets $ 2,358 $ 27,336 $ 29,694 Liabilities and Stockholders’ Deficit Current Liabilities: Accounts payable and accrued liabilities $ 398,489 $ 62 $ 398,551 Accounts payable - related party 31,500 - 31,500 Accrued interest payable 6,771 - 6,771 Settlement payable - related party 615,000 - 615,000 Due to affiliates - 21,456 21,456 Notes payable-related party 30,851 15,882 46,733 Notes payable 19,838 - 19,838 Advances on agreements 169,000 - 169,000 Contingent liabilities 105,523 - 105,523 Operating lease liability - - - Total Current Liabilities 1,376,972 37,400 1,414,372 Operating lease liability, non-current - - - Total Liabilities 1,376,972 37,400 1,414,372 Commitments and contingencies (note 13) - - - Stockholders’ Deficit: Preferred stock, $ 0.0000001 20,000,000 - - - Series A Convertible Preferred stock, $ 0.0000001 5,000,000 - - - Preferred stock value - - - Common stock, $ 0.0000001 500,000,000 71,163,569 7 - 7 Subscription received – shares to be issued 150,000 - 150,000 Additional paid-in-capital 22,004,079 - 22,004,079 Accumulated deficit (23,528,700 ) (10,064 ) (23,538,764 ) Total Stockholders’ Deficit (1,374,614 ) (10,064 ) (1,384,678 ) Total Liabilities and Stockholders’ Deficit $ 2,358 $ 27,336 $ 29,694 Originally Reported Common Control As Adjusted Originally Reported Common Control As Adjusted For the Three Months Ended For the Nine Months Ended Acquired Entry Under Acquired Entry Under Originally Reported Common Control As Adjusted Originally Reported Common Control As Adjusted Revenue Sublease revenue $ - $ - $ - $ - $ - $ - Sales revenue - 331 331 - 1,153 1,153 Cost of sales - 268 268 - 756 756 Gross Profit - 63 63 - 397 397 Operating Expenses General and administrative 66,090 49 66,139 203,553 1,085 204,638 Lease expense - - - - - - Management consulting fees - related parties 59,000 - 59,000 177,000 - 177,000 Depreciation 933 - 933 4,129 - 4,129 Total Operating Expenses 126,023 49 126,072 384,682 1,085 385,767 Operating loss (126,023 ) 14 (126,009 ) (384,682 ) (688 ) (385,370 ) Other Income (Expense) Income from equity-method investment 757,991 - 757,991 1,499,355 - 1,499,355 Gain on forgiveness of related party note payable - - - 30,000 - 30,000 Gain on sale of subsidiary 386,287 - 386,287 386,287 - 386,287 Loss on impairment of equity-method investment (10,787,652 ) - (10,787,652 ) (10,787,652 ) - (10,787,652 ) Total Other Income (Expense) (9,643,374 ) - (9,643,374 ) (8,872,010 ) - (8,872,010 ) Income (Loss) before taxes (9,769,397 ) 14 (9,769,383 ) (9,256,692 ) (688 ) (9,257,380 ) Provision for income taxes - - - - - - Net Income (Loss) $ (9,769,397 ) $ 14 $ (9,769,383 ) $ (9,256,692 ) $ (688 ) $ (9,257,380 ) Net Income (Loss) Per Share – Basic and Diluted $ (0.11 ) $ (0.11 ) $ (0.10 ) $ (0.10 ) Net Income (Loss) Per Share – Basic $ (0.11 ) $ (0.11 ) $ (0.10 ) $ (0.10 ) Weighted Average Common Shares – Basic and Diluted 91,163,569 91,163,569 91,163,569 91,163,569 Weighted Average Common Shares – Basic 91,163,569 91,163,569 91,163,569 91,163,569 Originally Reported Common As Adjusted For the Nine Months Ended September 30, 2022 Acquired Entry Originally Reported Common As Adjusted Cash Flows from Operating Activities Net loss $ (9,256,692 ) $ (688 ) $ (9,257,380 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation of property and equipment 4,129 - 4,129 Income from equity-method investment (1,499,355 ) - (1,499,355 ) Gain on forgiveness of related party note payable (30,000 ) - (30,000 ) Loss on impairment of equity-method investment 10,787,652 10,787,652 Gain on sale of subsidiary (386,287 ) (386,287 ) Changes in operating assets and liabilities: Inventory - (3,961 ) (3,961 ) Accounts payable and accrued liabilities 90,800 (42 ) 90,758 Accounts payable related party 31,000 - 31,000 Due to affiliates 154,868 4,581 159,449 Net cash used in operating activities (103,885 ) (110 ) (103,995 ) Cash Flows from Financing Activities Proceeds from stock subscription 150,000 - 150,000 Proceeds from related party notes payable 5,885 110 5,995 Repayments of related party notes payable (52,000 ) - (52,000 ) Net cash provided by financing activities 103,885 110 103,995 Net Change in Cash - - - Cash, Beginning of Period - - - Cash, End of Period $ - $ - $ - |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 14 – 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: 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 $ 47,684 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 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 |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 15 – Subsequent Events Subsequent to September 30, 2023, and through the date that these financials were issued, the Company had no subsequent events to disclose. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying condensed 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”). They do not include all of the information and footnotes required by GAAP for complete financial statements and, accordingly, certain information, footnotes, and disclosures normally included in the annual financial statements, prepared in accordance with GAAP, have been condensed or omitted in accordance with SEC rules and regulations. The accompanying financial information should be read in conjunction with the financial statements and the notes thereto in the Company’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on May 5, 2023. In the opinion of management, the financial data presented includes all adjustments necessary to present fairly the financial position, results of operations, and cash flows for the periods presented. Results of interim periods should not be considered indicative of the results for the full year. These unaudited condensed consolidated financial statements include estimates and assumptions of management that affect the amounts reported in the unaudited condensed consolidated financial statements. Actual results could differ from these estimates. |
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. and Pineapple Wellness, Inc., doing business as Pineapple Wellness. Intercompany accounts and transactions have been eliminated. The Company’s consolidated subsidiaries and/or entities are as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated State or Other Date of Incorporation or Attributable THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Express Consulting, Inc. California 3/16/2017 100 % Pineapple Wellness, Inc. California 6/24/2019 (formed) 6/12/2023 (acquired by the Company) 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, Incremental borrowing rate (“IBR”) used for leases and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates. During the third quarter ended September 30, 2023, we completed an assessment of the IBR used on our operating leases entered into during the nine months ended September 30, 2023. We determined to modify the general rate we applied to all leases of 6.5 % to use IBR rates estimated on the day of operating lease commencement, ranging from 6.2 % to 6.95 %, which allow for more accurate valuation of ROU assets and lease liability for each individual leased office premise. This change in accounting estimate was effective July 1, 2023 and was accounted for prospectively in the condensed consolidated financial statements. |
Reclassifications | Reclassifications Certain prior period amounts have been reclassified to conform with the current period presentation. (Note 13) |
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 payable and accrued liabilities, and other current liabilities, approximate their fair values because of the short maturity of these instruments. The fair value of notes payable approximates their fair values since the current interest rates and terms on these obligations are the same as prevailing market rates. |
Acquisition Under Common Control | Acquisition Under Common Control Under ASC 805-50-30-5, when accounting for a transfer of assets or exchange of shares between entities under common control, the receiving entity shall recognize the assets and liabilities transferred at their historical cost and |
Security Deposits | Security Deposits As of September 30, 2023, security deposits relate to security deposits paid for ten office premises of $ 375,971 |
Inventory | Inventory Inventory is stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out (“FIFO”) method. During the nine months ended September 30, 2023, the Company acquired inventory of hemp CBD wellness products of $ 4,710 27,336 4,710 27,336 |
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 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 |
Investment – Equity Method | Investment – Equity Method The Company accounted for its equity method investment PVI 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 investment 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, 2022, management identified indicators of other-than-temporary impairment that at that period led to the conclusion that the carrying value of its equity method investment is not recoverable. As a result, the Company has recorded an impairment write-down in the consolidated statements of operations for the year ended December 31, 2022. During the nine months ended September 30, 2023 and September 30, 2022, the Company recorded income from equity method investment of $ 0 1,499,355 |
Related Party Balances and Transactions | Related Party Balances and Transactions The Company follows FASB ASC 850, “ Related Party Disclosures |
Leases | Leases We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities - current, and operating lease liabilities - noncurrent on the balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Non-lease components such as common area maintenance (“CAM”), variable expenses, and late fees were excluded from calculation for ROU assets and lease liabilities. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Lease expense is reported under cost of sales in the Consolidated Statements of Operations in line with the Company’s main operation of procuring and leasing properties to licensed cannabis operators. For office premises that are not used for subleasing, leases expense is reported under lease expense of operating expenses in the Consolidated Statements of Operations. Sublease Under ASC 842, income for a sublessor operating lease is recognized as a single lease income item on a straight-line basis over the lease term and reflected in the appropriate income statement line item based on the lease asset’s function. For transactions where the company is considered the sublessor, revenue for operating leases is recognized on a monthly basis over the term of the lease. Sublessor revenue relates to operating leases that the Company is subleasing. The Company recognizes sublease revenue on a gross basis. (see note 9) |
Revenue Recognition | Revenue Recognition The Company’s revenue derives from sublease revenue and sales of CBD products. The Company recognizes revenue from the sale of CBD products in accordance with ASC 606, “ Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation For the nine months ended September 30, 2023 and 2022, the Company recognized revenue from the sale of CBD products of $ 90 1,153 0 756 90 397 The Company recognizes revenue from subleasing of office premises in accordance with ASC842, “Lease Accounting”. For the nine months ended September 30, 2023 and 2022, the Company recognized sublease revenue from related parties of $ 157,500 0 798,130 0 640,630 0 |
Net Income (Loss) Per Share | Net Income (Loss) Per Share Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted income (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 income (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 September 30, 2023 and December 31, 2022, the Company had no no |
Recently Adopted and Pending Accounting Pronouncements | Recently Adopted and Pending Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, ASC Subtopic “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. These amendments clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments in this update are effective for public business entities for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company is currently assessing the impact of the adoption of this standard on its consolidated financial statements. The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its financial statements. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Schedule of Consolidated Subsidiaries and/or Entities | The Company’s consolidated subsidiaries and/or entities are as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated State or Other Date of Incorporation or Attributable THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Express Consulting, Inc. California 3/16/2017 100 % Pineapple Wellness, Inc. California 6/24/2019 (formed) 6/12/2023 (acquired by the Company) 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) | 9 Months Ended |
Sep. 30, 2023 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Property and equipment as of September 30, 2023 and December 31, 2022 is summarized as follows: Schedule of Property and Equipment September 30, 2023 December 31, 2022 Furniture and fixtures $ 43,152 $ 43,152 Office equipment 12,321 12,321 Total property and equipment 55,473 55,473 Less: Accumulated depreciation (55,473 ) (53,115 ) Total property and equipment, net $ - $ 2,358 |
Notes Payable, Related Party (T
Notes Payable, Related Party (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Payable Related Party | |
Schedule of Notes Payable Related Party Transactions | Notes payable-related party, are comprised of the following as of September 30, 2023 and December 31, 2022: Schedule of Notes Payable Related Party Transactions Noteholder Due Interest Rate Secured September 30, December 31, Rob Novinger Demand 0 % No $ 30,851 $ 30,851 Neu-Ventures, Inc. Demand 0 % No $ 15,882 $ 15,882 $ 46,733 $ 46,733 |
Settlement Payable-Related Pa_2
Settlement Payable-Related Party (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Settlement Payable-related Party | |
Schedule of Settlement Payable Related Party | At September 30, 2023 and December 31, 2022, the settlement payable related party balance consists of the following: Schedule of Settlement Payable Related Party Noteholder September 30, 2023 December 31, 2022 Investor Three 615,000 615,000 Settlement payable $ 615,000 $ 615,000 |
Leases (Tables)
Leases (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Leases | |
Schedule of Leases | Schedule of Leases As of Nine months ended Lease Expense Nine months ended September 30, Location Entity Nature Start End Security Deposit ROU Assets Lease Liabilities COGS Operating Expense Sublease Revenue 8707 Venice Blvd, Los Angeles, CA 90034 Pineapple Inc. Subleasing 4/1/2023 3/31/2028 $ 20,000 $ 472,286 $ 493,636 $ 61,550 $ - $ - 8912 Reseda Blvd, Northridge, CA 91324 Pineapple Inc. Subleasing 1/1/2023 12/31/2027 $ 12,000 $ 539,571 $ 551,570 $ 108,000 $ - $ 17,500 467 S.La Brea Ave., Los Angeles, CA 90036 Pineapple Inc. Subleasing 5/1/2023 4/30/2028 $ 37,998 $ 918,470 $ 1,016,173 $ 111,005 $ - $ - 4830 Huntington Drive South Los Angeles CA 90032 Pineapple Inc. Subleasing 6/1/2023 5/31/2028 $ - $ - $ - $ 17,000 $ - $ - 8342-8344 West 3rd St Los Angeles CA 90048 Pineapple Inc. Subleasing 5/1/2023 4/30/2028 $ 38,000 $ 918,975 $ 979,135 $ 98,210 $ - $ - 19841 Ventura Blvd. Woodland Hills CA 91364 Pineapple Inc. Subleasing 8/1/2023 1/31/2029 $ 21,330 $ 563,955 $ 574,458 $ 22,528 $ - $ - 7542-7544 Balboa Blvd. Lake Balboa, CA Pineapple Inc. Subleasing 4/15/2023 10/14/2027 $ 92,000 $ 984,527 $ 1,048,847 $ 139,320 $ - $ - 2378 Westwood Boulevard, Los Angeles CA 90064 Pineapple Inc. Subleasing 9/1/2023 8/31/2028 $ 26,650 $ 668,317 $ 681,642 $ 13,881 $ - $ - 1485 W.Sunset Blvd., Los Angeles, CA Pineapple Inc. Subleasing 5/15/2023 11/14/2030 $ 20,280 $ 1,384,139 $ 1,489,290 $ 105,150 $ - $ - 1704 N.Vine St. Unit 102 Hollywood CA 90028 Pineapple Inc. Subleasing 6/1/2023 9/30/2025 $ 50,000 $ 583,628 $ 583,628 $ 121,486 $ - $ 140,000 12301 Wilshire Blvd. Suite 302 Los Angeles CA Pineapple Inc. Headquarter 8/1/2023 9/1/2026 $ 57,713 $ 366,371 $ 377,474 $ - $ 22,645 $ - 8783 W.Pico Blvd., Los Angeles, CA 90035 Pineapple Wellness Retail Store 7/1/2023 2/1/2028 $ - $ 329,380 $ 330,673 $ - $ 25,607 $ - $ 375,971 $ 7,729,619 $ 8,126,526 $ 798,130 $ 48,253 $ 157,500 |
Schedule of Operating Lease Liability | As of September 30, 2023 and December 31, 2022, the Company had the following lease obligations: Schedule of Operating Lease Liability Discount September 30, December 31, Rate Maturity 2023 2022 Current 6.20 6.95 % 2026-2030 $ 1,618,330 $ - Non-current 6.20 6.95 % 2026-2030 6,508,196 - $ 8,126,526 $ - Balance - December 31, 2022 $ - Lease liability additions 8,311,383 Repayment of lease liability (395,370 ) Imputed interest 210,513 Balance - September 30, 2023 $ 8,126,526 |
Schedule of Maturity of Lease Liabilities | The following table summarizes the maturity of our lease liabilities as of September 30, 2023: Schedule of Maturity of Lease Liabilities Year Ending December 31, 2023 (excluding the nine months ended September 30, 2023) $ 466,992 2024 2,083,238 2025 2,053,999 2026 1,833,082 2027 1,714,157 Thereafter 1,293,646 Total lease payments 9,445,114 Less: imputed interest (1,318,588 ) Lease liabilities $ 8,126,526 |
Schedule of Supplemental Information on Operating Leases | The following summarizes other supplemental information about the Company’s operating leases as of September 30, 2023: Schedule of Supplemental Information on Operating Leases Weighted average discount rate 6.20 6.95 Weighted average remaining lease term (years) 4.42 |
Schedule of Lease Cost | Schedule of Lease Cost Office premises under sublease: Nine months ended Operating lease cost: September 30, 2023 Fixed lease cost $ 747,976 Variable lease cost 17,280 Non-lease component 32,874 Total Operating lease cost 798,130 Sublease income (157,500 ) Total lease cost, net $ 640,630 Office premises not under sublease: Nine months ended Operating lease cost: September 30, 2023 Fixed lease cost $ 44,300 Variable lease cost - Non-lease component 3,953 Total lease cost $ 48,253 |
Advances on Agreements (Tables)
Advances on Agreements (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Advances On Agreements | |
Schedule of Advance on Agreement | At September 30, 2023 and December 31, 2022, advances on agreements balance consist of the following: Schedule of Advance on Agreement Noteholder September 30, 2023 December 31, 2022 Investor One and Investor Two 169,000 169,000 Advances on Agreements $ 169,000 $ 169,000 |
Equity Method Investment (Table
Equity Method Investment (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Summary of Financial Information of Subsidiaries | The following represents summarized financial information of PVI as of and for the nine months ended September 30, 2022: Summary of Financial Information of Subsidiaries Income statement 2022 Revenue $ 489,145 Cost of goods sold (756 ) Gross margin 488,389 Operating expenses (2,134,478 ) Gain on dispensary equity sale 4,965,510 Net income (loss) $ 3,319,421 Balance sheet Current assets $ 1,437,504 Non-current assets $ 2,205,536 Current liabilities $ (1,046,924 ) Non-Current liabilities $ (754,440 ) |
Acquisition Under Common Cont_2
Acquisition Under Common Control (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Acquisition Under Common Control | |
Schedule of Restatement of Consolidated Balance Sheets and Operations | Schedule of Restatement of Consolidated Balance Sheets and Operations Originally Reported Common As Adjusted December 31, 2022 Acquired Entry Under Originally Reported Common As Adjusted Assets Current Assets: Cash $ - $ - $ - Prepaid expense - - - Lease receivable - - - Inventory - 27,336 27,336 Total Current Assets - 27,336 27,336 Security deposits - - Property and equipment, net 2,358 - 2,358 Operating lease right-of-use assets, net - - - Total Assets $ 2,358 $ 27,336 $ 29,694 Liabilities and Stockholders’ Deficit Current Liabilities: Accounts payable and accrued liabilities $ 398,489 $ 62 $ 398,551 Accounts payable - related party 31,500 - 31,500 Accrued interest payable 6,771 - 6,771 Settlement payable - related party 615,000 - 615,000 Due to affiliates - 21,456 21,456 Notes payable-related party 30,851 15,882 46,733 Notes payable 19,838 - 19,838 Advances on agreements 169,000 - 169,000 Contingent liabilities 105,523 - 105,523 Operating lease liability - - - Total Current Liabilities 1,376,972 37,400 1,414,372 Operating lease liability, non-current - - - Total Liabilities 1,376,972 37,400 1,414,372 Commitments and contingencies (note 13) - - - Stockholders’ Deficit: Preferred stock, $ 0.0000001 20,000,000 - - - Series A Convertible Preferred stock, $ 0.0000001 5,000,000 - - - Preferred stock value - - - Common stock, $ 0.0000001 500,000,000 71,163,569 7 - 7 Subscription received – shares to be issued 150,000 - 150,000 Additional paid-in-capital 22,004,079 - 22,004,079 Accumulated deficit (23,528,700 ) (10,064 ) (23,538,764 ) Total Stockholders’ Deficit (1,374,614 ) (10,064 ) (1,384,678 ) Total Liabilities and Stockholders’ Deficit $ 2,358 $ 27,336 $ 29,694 Originally Reported Common Control As Adjusted Originally Reported Common Control As Adjusted For the Three Months Ended For the Nine Months Ended Acquired Entry Under Acquired Entry Under Originally Reported Common Control As Adjusted Originally Reported Common Control As Adjusted Revenue Sublease revenue $ - $ - $ - $ - $ - $ - Sales revenue - 331 331 - 1,153 1,153 Cost of sales - 268 268 - 756 756 Gross Profit - 63 63 - 397 397 Operating Expenses General and administrative 66,090 49 66,139 203,553 1,085 204,638 Lease expense - - - - - - Management consulting fees - related parties 59,000 - 59,000 177,000 - 177,000 Depreciation 933 - 933 4,129 - 4,129 Total Operating Expenses 126,023 49 126,072 384,682 1,085 385,767 Operating loss (126,023 ) 14 (126,009 ) (384,682 ) (688 ) (385,370 ) Other Income (Expense) Income from equity-method investment 757,991 - 757,991 1,499,355 - 1,499,355 Gain on forgiveness of related party note payable - - - 30,000 - 30,000 Gain on sale of subsidiary 386,287 - 386,287 386,287 - 386,287 Loss on impairment of equity-method investment (10,787,652 ) - (10,787,652 ) (10,787,652 ) - (10,787,652 ) Total Other Income (Expense) (9,643,374 ) - (9,643,374 ) (8,872,010 ) - (8,872,010 ) Income (Loss) before taxes (9,769,397 ) 14 (9,769,383 ) (9,256,692 ) (688 ) (9,257,380 ) Provision for income taxes - - - - - - Net Income (Loss) $ (9,769,397 ) $ 14 $ (9,769,383 ) $ (9,256,692 ) $ (688 ) $ (9,257,380 ) Net Income (Loss) Per Share – Basic and Diluted $ (0.11 ) $ (0.11 ) $ (0.10 ) $ (0.10 ) Net Income (Loss) Per Share – Basic $ (0.11 ) $ (0.11 ) $ (0.10 ) $ (0.10 ) Weighted Average Common Shares – Basic and Diluted 91,163,569 91,163,569 91,163,569 91,163,569 Weighted Average Common Shares – Basic 91,163,569 91,163,569 91,163,569 91,163,569 Originally Reported Common As Adjusted For the Nine Months Ended September 30, 2022 Acquired Entry Originally Reported Common As Adjusted Cash Flows from Operating Activities Net loss $ (9,256,692 ) $ (688 ) $ (9,257,380 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation of property and equipment 4,129 - 4,129 Income from equity-method investment (1,499,355 ) - (1,499,355 ) Gain on forgiveness of related party note payable (30,000 ) - (30,000 ) Loss on impairment of equity-method investment 10,787,652 10,787,652 Gain on sale of subsidiary (386,287 ) (386,287 ) Changes in operating assets and liabilities: Inventory - (3,961 ) (3,961 ) Accounts payable and accrued liabilities 90,800 (42 ) 90,758 Accounts payable related party 31,000 - 31,000 Due to affiliates 154,868 4,581 159,449 Net cash used in operating activities (103,885 ) (110 ) (103,995 ) Cash Flows from Financing Activities Proceeds from stock subscription 150,000 - 150,000 Proceeds from related party notes payable 5,885 110 5,995 Repayments of related party notes payable (52,000 ) - (52,000 ) Net cash provided by financing activities 103,885 110 103,995 Net Change in Cash - - - Cash, Beginning of Period - - - Cash, End of Period $ - $ - $ - |
Organization and Description _2
Organization and Description of Business (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |
Jun. 12, 2023 | Sep. 30, 2023 | Dec. 31, 2022 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Entity state of incorporation | NV | ||
Entity date of incorporation | Aug. 03, 1983 | ||
Purchase price | 20,000,000 | ||
Common stock par value | $ 0.00 | $ 0.00 | |
Gain on extinguishment | $ 1,477,032 | ||
Pineapple Wellness, Inc. [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Stock price | $ 0.90 | ||
Adjustments to additional paid in capital for elimination of amount to acquire common controlled entity | $ 900,000 | ||
Pineapple Wellness, Inc. [Member] | Amended LOI [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Business Acquisition, Percentage of Voting Interests Acquired | 100% | ||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,000,000 | ||
Stock price | $ 0.90 | ||
Adjustments to additional paid in capital for elimination of amount to acquire common controlled entity | $ 900,000 | ||
Pineapple Ventures, Inc. [Member] | Mr. Ortega [Member] | Equity Interest [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Ownership interest | 45.17% |
Schedule of Consolidated Subsid
Schedule of Consolidated Subsidiaries and/or Entities (Details) | 9 Months Ended |
Sep. 30, 2023 | |
Entity incorporation state country name | NV |
THC Industries, LLC [Member] | |
Name of subsidiary | THC Industries, LLC |
Entity incorporation state country name | CA |
Date of incorporation | 12/23/2015 (formed) 2/16/2016 (acquired by the Company) |
Minority interest ownership percentage | 100% |
Pineapple Express Consulting, Inc. [Member] | |
Name of subsidiary | Pineapple Express Consulting, Inc. |
Entity incorporation state country name | CA |
Date of incorporation | 3/16/2017 |
Minority interest ownership percentage | 100% |
Pineapple Wellness, Inc. [Member] | |
Name of subsidiary | Pineapple Wellness, Inc. |
Entity incorporation state country name | CA |
Date of incorporation | 6/24/2019 (formed) 6/12/2023 (acquired by the Company) |
Minority interest ownership percentage | 100% |
Schedule of Estimated Useful Li
Schedule of Estimated Useful Lives Property and Equipment (Details) | Sep. 30, 2023 |
Office Equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Property and equipment useful lives | 5 years |
Furniture and Fixtures [Member] | |
Property, Plant and Equipment [Line Items] | |
Property and equipment useful lives | 7 years |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Property, Plant and Equipment [Line Items] | |||||
[custom:OperatingLeasePercentage] | 6.50% | ||||
Security deposit | $ 375,971 | $ 375,971 | |||
Acquired inventory | 4,710 | ||||
Inventory impairment | 27,336 | ||||
Inventory | 4,710 | 4,710 | $ 27,336 | ||
Income loss from equity method investments | 757,991 | 1,499,355 | |||
Sales revenue | 90 | 331 | 90 | 1,153 | |
Cost of sales | 268 | 756 | |||
Gross profit excluding sublease revenue | 90 | 63 | 90 | 397 | |
Sublease revenue - related parties | 105,000 | 157,500 | |||
Lease expense | 474,996 | 798,130 | |||
Sublease revenue | $ 369,996 | $ 640,630 | |||
Options or Warrants [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Antidilutive securities option or warrants | 0 | 0 | |||
Convertible Debt Securities [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Shares issuable for conversion of notes payable | 0 | 0 | 0 | ||
Minimum [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
[custom:OperatingLeasePercentage] | 6.20% | ||||
Maximum [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
[custom:OperatingLeasePercentage] | 6.95% |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||
Accumulated deficit | $ 24,562,374 | $ 24,562,374 | $ 23,538,764 | ||||||
Net loss | $ 516,510 | $ 439,581 | $ 67,519 | $ 9,769,383 | $ (136,756) | $ (375,247) | $ 1,023,610 | $ 9,257,380 |
Schedule of Property and Equipm
Schedule of Property and Equipment (Details) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | $ 55,473 | $ 55,473 |
Less: Accumulated depreciation | (55,473) | (53,115) |
Total property and equipment, net | 2,358 | |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | 43,152 | 43,152 |
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | $ 12,321 | $ 12,321 |
Property and Equipment (Details
Property and Equipment (Details Narrative) - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 2,358 | $ 4,129 |
Schedule of Notes Payable Relat
Schedule of Notes Payable Related Party Transactions (Details) - Related Party [Member] - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Notes payable | $ 46,733 | $ 46,733 |
Rob Novinger [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Due | Demand | Demand |
Debt rate | 0% | 0% |
Debt Instrument, Collateral | No | No |
Notes payable | $ 30,851 | $ 30,851 |
Neu Ventures [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Due | Demand | Demand |
Debt rate | 0% | 0% |
Debt Instrument, Collateral | No | No |
Notes payable | $ 15,882 | $ 15,882 |
Notes Payable, Related Party (D
Notes Payable, Related Party (Details Narrative) - Related Party [Member] - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Dec. 31, 2022 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Related party transaction, related activity | $ 0 | |
Notes payable | 46,733 | $ 46,733 |
Rob Novinger [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Notes payable | 30,851 | 30,851 |
Neu Ventures [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Notes payable | $ 15,882 | $ 15,882 |
Note Payable (Details Narrative
Note Payable (Details Narrative) - Line of Credit [Member] - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 | Jul. 02, 2016 |
Short-Term Debt [Line Items] | |||
Notes payable | $ 25,000 | ||
Line of credit | $ 26,609 | $ 26,609 | |
Principal amount | 19,838 | 19,838 | |
Accrued interest | $ 6,771 | $ 6,771 |
Schedule of Settlement Payable
Schedule of Settlement Payable Related Party (Details) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Defined Benefit Plan Disclosure [Line Items] | ||
Settlement payable | $ 615,000 | $ 615,000 |
Investor Three [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Settlement payable | $ 615,000 | $ 615,000 |
Settlement Payable-Related Pa_3
Settlement Payable-Related Party (Details Narrative) - USD ($) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2018 | Sep. 30, 2023 | Dec. 31, 2015 | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||
Advances on agreements net noncurrent | $ 169,000 | $ 169,000 | ||
Due to related party | 21,456 | |||
Loss on settlement of debt | $ 1,477,032 | |||
Investor Three [Member] | ||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||
Advances on agreements net noncurrent | $ 750,000 | |||
Deferred finance cost | 75,000 | |||
Note payable | $ 200,000 | |||
Investor Three [Member] | Minimum [Member] | ||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||
Loss on settlement of debt | 97,800 | |||
Investor Three [Member] | Maximum [Member] | ||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||
Loss on settlement of debt | $ 615,000 | |||
Investor Three [Member] | Related Party [Member] | ||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||
Due to related party | $ 825,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Related Party Transaction [Line Items] | |||||
Sublease revenue | $ 157,500 | ||||
Management consulting fees related parties | $ 69,500 | $ 59,000 | 219,500 | 177,000 | |
Repayments of related party debt | 234,372 | ||||
Proceeds from issuance of common stock | 85,000 | ||||
Lease payment | 395,370 | ||||
Due to related party | $ 21,456 | ||||
Affiliated Entity [Member] | |||||
Related Party Transaction [Line Items] | |||||
Due to related party | 910,242 | 910,242 | 21,456 | ||
Pineapple Consolidated Inc [Member] | |||||
Related Party Transaction [Line Items] | |||||
Proceeds from issuance of common stock | 50,000 | ||||
Director [Member] | Pineapple Consolidated Inc [Member] | |||||
Related Party Transaction [Line Items] | |||||
Advances from related party | 86,241 | ||||
Costs and expenses, related party | 1,042,637 | ||||
Repayments of related party debt | 234,282 | ||||
Proceeds from issuance of common stock | 50,000 | ||||
Director [Member] | Pineapple Ventures [Member] | |||||
Related Party Transaction [Line Items] | |||||
Repayments of related party debt | 90 | ||||
Lease payment | 44,280 | ||||
Related Party [Member] | |||||
Related Party Transaction [Line Items] | |||||
Sublease revenue | 157,500 | ||||
Management consulting fee payable - related party | 31,666 | 31,666 | 31,500 | ||
Related Party [Member] | Pineapple Consolidated Inc [Member] | |||||
Related Party Transaction [Line Items] | |||||
Amount due to PVI | 844,596 | 844,596 | 0 | ||
Related Party [Member] | Pineapple Ventures, Inc. [Member] | |||||
Related Party Transaction [Line Items] | |||||
Amount due to PVI | 65,646 | 65,646 | $ 21,456 | ||
Sub lease Agreement [Member] | Northridge [Member] | |||||
Related Party Transaction [Line Items] | |||||
Sublease revenue | 17,500 | ||||
Sales-type Lease, Lease Receivable | $ 17,500 | 17,500 | |||
Sub lease Agreement [Member] | Hollywood [Member] | |||||
Related Party Transaction [Line Items] | |||||
Sublease revenue | $ 140,000 |
Schedule of Leases (Details)
Schedule of Leases (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Security deposit | $ 375,971 | $ 375,971 | |||
Operating lease right of use asset | 7,729,619 | 7,729,619 | |||
Operating lease liability | 8,126,526 | 8,126,526 | |||
Lease cost | 474,996 | 798,130 | |||
Operating lease expense | 48,253 | ||||
Sublease income | $ 157,500 | ||||
Venice Blvd Los Angeles CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | Apr. 01, 2023 | ||||
Lease expiration date | Mar. 31, 2028 | ||||
Security deposit | 20,000 | $ 20,000 | |||
Operating lease right of use asset | 472,286 | 472,286 | |||
Operating lease liability | 493,636 | 493,636 | |||
Lease cost | 61,550 | ||||
Operating lease expense | |||||
Sublease income | |||||
Reseda Blvd Northridge CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | Jan. 01, 2023 | ||||
Lease expiration date | Dec. 31, 2027 | ||||
Security deposit | 12,000 | $ 12,000 | |||
Operating lease right of use asset | 539,571 | 539,571 | |||
Operating lease liability | 551,570 | 551,570 | |||
Lease cost | 108,000 | ||||
Operating lease expense | |||||
Sublease income | $ 17,500 | ||||
SLA Brea Ave Los Angeles CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | May 01, 2023 | ||||
Lease expiration date | Apr. 30, 2028 | ||||
Security deposit | 37,998 | $ 37,998 | |||
Operating lease right of use asset | 918,470 | 918,470 | |||
Operating lease liability | 1,016,173 | 1,016,173 | |||
Lease cost | 111,005 | ||||
Operating lease expense | |||||
Sublease income | |||||
Huntington Drive South Los Angeles CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | Jun. 01, 2023 | ||||
Lease expiration date | May 31, 2028 | ||||
Security deposit | |||||
Operating lease right of use asset | |||||
Operating lease liability | |||||
Lease cost | 17,000 | ||||
Operating lease expense | |||||
Sublease income | |||||
WestThird ST Los Angeles CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | May 01, 2023 | ||||
Lease expiration date | Apr. 30, 2028 | ||||
Security deposit | 38,000 | $ 38,000 | |||
Operating lease right of use asset | 918,975 | 918,975 | |||
Operating lease liability | 979,135 | 979,135 | |||
Lease cost | 98,210 | ||||
Operating lease expense | |||||
Sublease income | |||||
Ventura Blvd Woodland Hills CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | Aug. 01, 2023 | ||||
Lease expiration date | Jan. 31, 2029 | ||||
Security deposit | 21,330 | $ 21,330 | |||
Operating lease right of use asset | 563,955 | 563,955 | |||
Operating lease liability | 574,458 | 574,458 | |||
Lease cost | 22,528 | ||||
Operating lease expense | |||||
Sublease income | |||||
Balboa Blvd Lake Balboa CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | Apr. 15, 2023 | ||||
Lease expiration date | Oct. 14, 2027 | ||||
Security deposit | 92,000 | $ 92,000 | |||
Operating lease right of use asset | 984,527 | 984,527 | |||
Operating lease liability | 1,048,847 | 1,048,847 | |||
Lease cost | 139,320 | ||||
Operating lease expense | |||||
Sublease income | |||||
Westwood Boulevard Los Angeles CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | Sep. 01, 2023 | ||||
Lease expiration date | Aug. 31, 2028 | ||||
Security deposit | 26,650 | $ 26,650 | |||
Operating lease right of use asset | 668,317 | 668,317 | |||
Operating lease liability | 681,642 | 681,642 | |||
Lease cost | 13,881 | ||||
Operating lease expense | |||||
Sublease income | |||||
WSunset Blvd Los Angeles CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | May 15, 2023 | ||||
Lease expiration date | Nov. 14, 2030 | ||||
Security deposit | 20,280 | $ 20,280 | |||
Operating lease right of use asset | 1,384,139 | 1,384,139 | |||
Operating lease liability | 1,489,290 | 1,489,290 | |||
Lease cost | 105,150 | ||||
Operating lease expense | |||||
Sublease income | |||||
NVine St Unit Hollywood CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Subleasing | ||||
Operating start date | Jun. 01, 2023 | ||||
Lease expiration date | Sep. 30, 2025 | ||||
Security deposit | 50,000 | $ 50,000 | |||
Operating lease right of use asset | 583,628 | 583,628 | |||
Operating lease liability | 583,628 | 583,628 | |||
Lease cost | 121,486 | ||||
Operating lease expense | |||||
Sublease income | $ 140,000 | ||||
Wilshire Blvd Suite Los Angeles CA [Member] | |||||
Operating lease entity name | Pineapple Inc. | ||||
Operationg lease nature name | Headquarter | ||||
Operating start date | Aug. 01, 2023 | ||||
Lease expiration date | Sep. 01, 2026 | ||||
Security deposit | 57,713 | $ 57,713 | |||
Operating lease right of use asset | 366,371 | 366,371 | |||
Operating lease liability | 377,474 | 377,474 | |||
Lease cost | |||||
Operating lease expense | 22,645 | ||||
Sublease income | |||||
WPico Blvd Los Angeles CA [Member] | |||||
Operating lease entity name | Pineapple Wellness | ||||
Operationg lease nature name | Retail Store | ||||
Operating start date | Jul. 01, 2023 | ||||
Lease expiration date | Feb. 01, 2028 | ||||
Security deposit | |||||
Operating lease right of use asset | 329,380 | 329,380 | |||
Operating lease liability | $ 330,673 | 330,673 | |||
Lease cost | |||||
Operating lease expense | 25,607 | ||||
Sublease income |
Schedule of Operating Lease Lia
Schedule of Operating Lease Liability (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Dec. 31, 2022 | |
Maturity, current | 2026-2030 | |
Operating lease liability current | $ 1,618,330 | |
Maturity, non current | 2026-2030 | |
Operating lease liability non current | $ 6,508,196 | |
Operating lease liability | 8,126,526 | |
Balance - December 31, 2022 | ||
Lease liability additions | 8,311,383 | |
Repayment of lease liability | (395,370) | |
Imputed interest | 210,513 | |
Balance - September 30, 2023 | $ 8,126,526 | |
Minimum [Member] | ||
Discount rate, current | 6.20% | |
Discount rate, non current | 6.20% | |
Maximum [Member] | ||
Discount rate, current | 6.95% | |
Discount rate, non current | 6.95% |
Schedule of Maturity of Lease L
Schedule of Maturity of Lease Liabilities (Details) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Leases | ||
2023 (excluding the nine months ended September 30, 2023) | $ 466,992 | |
2024 | 2,083,238 | |
2025 | 2,053,999 | |
2026 | 1,833,082 | |
2027 | 1,714,157 | |
Thereafter | 1,293,646 | |
Total lease payments | 9,445,114 | |
Less: imputed interest | (1,318,588) | |
Operating lease liability | $ 8,126,526 |
Schedule of Supplemental Inform
Schedule of Supplemental Information on Operating Leases (Details) | Sep. 30, 2023 |
Weighted average lease term | 4 years 5 months 1 day |
Minimum [Member] | |
Weighted average discount rate | 6.20% |
Maximum [Member] | |
Weighted average discount rate | 6.95% |
Schedule of Lease Cost (Details
Schedule of Lease Cost (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Lessee, Lease, Description [Line Items] | ||||
Total Operating lease cost | $ 474,996 | $ 798,130 | ||
Sublease income | (105,000) | (157,500) | ||
Total lease cost, net | $ 369,996 | 640,630 | ||
Office Premises Under Sublease [Member] | ||||
Lessee, Lease, Description [Line Items] | ||||
Fixed lease cost | 747,976 | |||
Variable lease cost | 17,280 | |||
Non-lease component | 32,874 | |||
Total Operating lease cost | 798,130 | |||
Sublease income | (157,500) | |||
Total lease cost, net | 640,630 | |||
Office Premises Not Under Sublease [Member] | ||||
Lessee, Lease, Description [Line Items] | ||||
Fixed lease cost | 44,300 | |||
Variable lease cost | ||||
Non-lease component | 3,953 | |||
Total lease cost | $ 48,253 |
Leases (Details Narrative)
Leases (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||||||||||||
Aug. 25, 2023 | Jul. 20, 2023 | Jul. 01, 2023 | Jun. 01, 2023 | May 23, 2023 | May 15, 2023 | May 01, 2023 | Apr. 10, 2023 | Apr. 01, 2023 | Mar. 10, 2023 | Jan. 15, 2023 | Jan. 11, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 02, 2023 | Dec. 31, 2022 | |
Lease payments | $ 395,370 | |||||||||||||||||
Security deposit | $ 375,971 | 375,971 | ||||||||||||||||
Lease cost | 474,996 | 798,130 | ||||||||||||||||
Right of use assets | 7,729,619 | 7,729,619 | ||||||||||||||||
Operating lease liability | 1,618,330 | 1,618,330 | ||||||||||||||||
Sublease income | 157,500 | |||||||||||||||||
Related Party [Member] | ||||||||||||||||||
Sublease income | 157,500 | |||||||||||||||||
Sub lease Agreement [Member] | ||||||||||||||||||
Lease term | 5 years | |||||||||||||||||
Monthly payments | $ 35,000 | $ 16,000 | ||||||||||||||||
Sublease expire date | Dec. 31, 2025 | |||||||||||||||||
Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 108,000 | |||||||||||||||||
11 January 2023 [Member] | ||||||||||||||||||
Lease term | 5 years | |||||||||||||||||
Monthly payments | $ 12,000 | 12,000 | ||||||||||||||||
Lease payments | 96,000 | |||||||||||||||||
Security deposit | 12,000 | 12,000 | ||||||||||||||||
Right of use assets | 539,571 | 539,571 | ||||||||||||||||
Operating lease liability | 551,570 | 551,570 | ||||||||||||||||
10 March 2023 [Member] | ||||||||||||||||||
Lease term | 5 years | |||||||||||||||||
Lease payments | 40,200 | |||||||||||||||||
Security deposit | 20,000 | 20,000 | ||||||||||||||||
Right of use assets | 472,286 | 472,286 | ||||||||||||||||
Operating lease liability | 493,636 | 493,636 | ||||||||||||||||
Annual escalation rate | 4% | |||||||||||||||||
Base lease | 40,000 | |||||||||||||||||
Late fee | 200 | |||||||||||||||||
Operating base lease expense | 61,350 | |||||||||||||||||
Operating late fee expense | 200 | |||||||||||||||||
10 March 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 61,550 | |||||||||||||||||
First Six Months [Member] | ||||||||||||||||||
Monthly payments | $ 5,000 | |||||||||||||||||
After Six Months [Member] | ||||||||||||||||||
Monthly payments | $ 10,000 | |||||||||||||||||
1 May 2023 [Member] | ||||||||||||||||||
Lease term | 5 years | |||||||||||||||||
Monthly payments | $ 18,999 | 56,997 | ||||||||||||||||
Security deposit | 37,998 | 37,998 | ||||||||||||||||
Right of use assets | 918,470 | 918,470 | ||||||||||||||||
Operating lease liability | 1,016,173 | 1,016,173 | ||||||||||||||||
Annual escalation rate | 3% | |||||||||||||||||
Operating base lease expense | 97,703 | |||||||||||||||||
Monthly payment on common area maintenance | $ 4,434 | |||||||||||||||||
Common area maintenance payable | 13,302 | |||||||||||||||||
Common area maintenance | 13,302 | |||||||||||||||||
1 May 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 111,005 | |||||||||||||||||
10 April 2023 [Member] | ||||||||||||||||||
Lease term | 5 years | |||||||||||||||||
Monthly payments | $ 19,000 | |||||||||||||||||
Lease payments | 38,050 | |||||||||||||||||
Security deposit | 38,000 | 38,000 | ||||||||||||||||
Right of use assets | 918,975 | 918,975 | ||||||||||||||||
Operating lease liability | 979,135 | 979,135 | ||||||||||||||||
Annual escalation rate | 4% | |||||||||||||||||
Base lease | 38,000 | |||||||||||||||||
Late fee | 50 | |||||||||||||||||
Operating base lease expense | 98,160 | |||||||||||||||||
Operating late fee expense | 50 | |||||||||||||||||
10 April 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 98,210 | |||||||||||||||||
1 April 2023 [Member] | ||||||||||||||||||
Monthly payments | $ 12,500 | |||||||||||||||||
Lease payments | 75,000 | |||||||||||||||||
Security deposit | 92,000 | 92,000 | ||||||||||||||||
Right of use assets | 984,527 | 984,527 | ||||||||||||||||
Operating lease liability | 1,048,847 | 1,048,847 | ||||||||||||||||
Annual escalation rate | 5% | |||||||||||||||||
1 April 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 139,320 | |||||||||||||||||
15 May 2023 [Member] | ||||||||||||||||||
Lease term | 90 months | |||||||||||||||||
Monthly payments | $ 20,280 | |||||||||||||||||
Security deposit | 20,280 | 20,280 | ||||||||||||||||
Right of use assets | 1,384,139 | 1,384,139 | ||||||||||||||||
Operating lease liability | 1,489,290 | 1,489,290 | ||||||||||||||||
Annual escalation rate | 3% | |||||||||||||||||
15 May 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 105,150 | |||||||||||||||||
1 June 2023 [Member] | ||||||||||||||||||
Monthly payments | $ 25,950 | |||||||||||||||||
Lease payments | 121,486 | |||||||||||||||||
Security deposit | 50,000 | 50,000 | ||||||||||||||||
Right of use assets | 583,628 | 583,628 | ||||||||||||||||
Operating lease liability | 583,628 | 583,628 | ||||||||||||||||
Base lease | 103,800 | |||||||||||||||||
Late fee | 30 | |||||||||||||||||
Operating base lease expense | 103,800 | |||||||||||||||||
Operating late fee expense | 30 | |||||||||||||||||
Monthly payment on common area maintenance | $ 4,414 | |||||||||||||||||
Common area maintenance payable | 17,656 | |||||||||||||||||
Common area maintenance | 17,656 | |||||||||||||||||
Expiry date | September 30, 2025 | |||||||||||||||||
1 June 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 121,486 | |||||||||||||||||
23 May 2023 [Member] | ||||||||||||||||||
Lease term | 66 months | |||||||||||||||||
Monthly payments | $ 10,665 | |||||||||||||||||
Lease payments | 11,345 | |||||||||||||||||
Security deposit | 21,330 | 21,330 | ||||||||||||||||
Right of use assets | 563,955 | 563,955 | ||||||||||||||||
Operating lease liability | 574,458 | 574,458 | ||||||||||||||||
Base lease | 10,665 | |||||||||||||||||
Operating base lease expense | 21,168 | |||||||||||||||||
Monthly payment on common area maintenance | $ 680 | |||||||||||||||||
Common area maintenance payable | 680 | |||||||||||||||||
Common area maintenance | 1,360 | |||||||||||||||||
[custom:PercentageOfRentAbatementForMonthlyLeasePayment-0] | 50% | |||||||||||||||||
23 May 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 22,528 | |||||||||||||||||
Second June Twenty Twenty Three [Member] | ||||||||||||||||||
Lease term | 5 years | |||||||||||||||||
Monthly payments | $ 17,000 | |||||||||||||||||
Payment on entitlement process | 17,000 | |||||||||||||||||
Second June Twenty Twenty Three [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 17,000 | |||||||||||||||||
25 August 2023 [Member] | ||||||||||||||||||
Lease term | 5 years | |||||||||||||||||
Monthly payments | $ 13,325 | 13,325 | ||||||||||||||||
Security deposit | 26,650 | 26,650 | ||||||||||||||||
Right of use assets | 668,317 | 668,317 | ||||||||||||||||
Operating lease liability | 681,642 | 681,642 | ||||||||||||||||
Operating base lease expense | 13,325 | |||||||||||||||||
Monthly payment on common area maintenance | $ 556 | |||||||||||||||||
Common area maintenance payable | 556 | |||||||||||||||||
Common area maintenance | 556 | |||||||||||||||||
25 August 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 13,881 | |||||||||||||||||
20 July 2023 [Member] | ||||||||||||||||||
Lease term | 38 months | |||||||||||||||||
Monthly payments | $ 11,543 | |||||||||||||||||
Lease payments | 11,543 | |||||||||||||||||
Security deposit | 57,713 | 57,713 | ||||||||||||||||
Right of use assets | 366,371 | 366,371 | ||||||||||||||||
Operating lease liability | 377,474 | 377,474 | ||||||||||||||||
Annual escalation rate | 3% | |||||||||||||||||
20 July 2023 [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 22,645 | |||||||||||||||||
First July Twenty Twenty Three [Member] | Pineapple Wellness, Inc. [Member] | ||||||||||||||||||
Lease term | 56 months | |||||||||||||||||
Monthly payments | $ 6,788 | 24,315 | ||||||||||||||||
Right of use assets | 329,380 | 329,380 | ||||||||||||||||
Operating lease liability | $ 330,673 | 330,673 | ||||||||||||||||
Annual escalation rate | 3% | |||||||||||||||||
Base lease | 20,263 | |||||||||||||||||
Operating base lease expense | 21,656 | |||||||||||||||||
Monthly payment on common area maintenance | $ 1,318 | |||||||||||||||||
Common area maintenance payable | 3,953 | |||||||||||||||||
First July Twenty Twenty Three [Member] | Cost of Sales [Member] | Pineapple Wellness, Inc. [Member] | ||||||||||||||||||
Lease cost | 25,608 | |||||||||||||||||
Office Premises Under Sublease [Member] | ||||||||||||||||||
Lease cost | 798,130 | |||||||||||||||||
Operating base lease expense | 747,976 | |||||||||||||||||
Common area maintenance | 32,873 | |||||||||||||||||
Variable lease cost | 17,280 | |||||||||||||||||
Office Premises Under Sublease [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | 798,130 | |||||||||||||||||
Office Premises Not Under Sublease [Member] | ||||||||||||||||||
Operating base lease expense | 44,300 | |||||||||||||||||
Common area maintenance | 3,953 | |||||||||||||||||
Variable lease cost | ||||||||||||||||||
Lease cost | 48,253 | |||||||||||||||||
Office Premises Not Under Sublease [Member] | Cost of Sales [Member] | ||||||||||||||||||
Lease cost | $ 48,253 |
Schedule of Advance on Agreemen
Schedule of Advance on Agreement (Details) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 | 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 ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||
Feb. 15, 2019 | Mar. 18, 2016 | Feb. 16, 2016 | Feb. 28, 2019 | Mar. 31, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2022 | Mar. 31, 2016 | Mar. 22, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||
Rent payment | $ 3,750 | ||||||||||||||
Advances on agreements current | 169,000 | $ 169,000 | |||||||||||||
Number of shares issued | $ 50,000 | $ 50,000 | $ 100,000 | ||||||||||||
Investor One [Member] | |||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||
Advances on agreements current | 187,500 | ||||||||||||||
Number of shares issued | $ 200,000 | ||||||||||||||
Debt periodic payment | $ 10,000 | ||||||||||||||
Interest expense | $ 4,125 | ||||||||||||||
Investor One [Member] | Binding Letter of Intent One [Member] | |||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||
Payments to acquire property | $ 125,000 | ||||||||||||||
Repurchase financed property | 187,500 | ||||||||||||||
Rent payment | $ 3,750 | ||||||||||||||
Due from related parties | $ 125,000 | ||||||||||||||
Escrow deposit | $ 40,768 | ||||||||||||||
Number of shares issued, shares | 20,000 | ||||||||||||||
Number of shares issued | $ 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 acquire property | $ 350,000 | ||||||||||||||
Repurchase 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 Investor Two [Member] | |||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||
Advances on agreements current | 169,000 | $ 187,500 | $ 169,000 | ||||||||||||
Number of shares issued | 11,000 | ||||||||||||||
Debt periodic payment | 10,000 | ||||||||||||||
Additional expense | 8,375 | ||||||||||||||
Reduced value | $ 1,000 | ||||||||||||||
Advances on agreements | 0 | $ 0 | |||||||||||||
Investor One and Investor Two [Member] | Binding Letter of Intent One [Member] | |||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||
Notes payable | $ 125,000 | ||||||||||||||
Number of shares issued, shares | 20,000 |
Stockholders_ Equity (Details N
Stockholders’ Equity (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Jun. 12, 2023 | Mar. 31, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2020 | Dec. 31, 2022 | |
Class of Stock [Line Items] | ||||||
Capital units authorized | 525,000,000 | |||||
Capital stock par value | $ 0.00 | |||||
Common stock, par value | $ 0.00 | $ 0.00 | ||||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | ||||
Common stock, shares authorized | 500,000,000 | 500,000,000 | ||||
Preferred stock, shares issued | 0 | 0 | ||||
Preferred stock, shares outstanding | 0 | 0 | ||||
Sale of stock, number of shares issued in transaction | 340,000 | |||||
Proceeds from issuance of common stock | $ 85,000 | |||||
Proceeds from stock subscription received | $ 150,000 | |||||
Stock subscription received shares | 400,000 | |||||
Share price | $ 0.25 | |||||
Common stock, shares issued | 73,103,569 | 71,163,569 | ||||
Common stock, shares outstanding | 73,103,569 | 71,163,569 | ||||
Pineapple Wellness, Inc. [Member] | ||||||
Class of Stock [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 100% | |||||
Pineapple Wellness, Inc. [Member] | ||||||
Class of Stock [Line Items] | ||||||
Stock Issued During Period, Shares, New Issues | 1,000,000 | |||||
Stock price | $ 0.90 | |||||
Adjustments to additional paid in capital for elimination of amount to acquire common controlled entity | $ 900,000 | |||||
Pineapple Consolidated Inc [Member] | ||||||
Class of Stock [Line Items] | ||||||
Proceeds from issuance of common stock | $ 50,000 | |||||
Common Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Capital stock shares issued | 600,000 | |||||
Stock subscription | $ 150,000 | |||||
Stock Issued During Period, Shares, New Issues | 600,000 | 10,000,000 | ||||
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 |
Summary of Financial Informatio
Summary of Financial Information of Subsidiaries (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Restructuring Cost and Reserve [Line Items] | ||||||||
Revenue | $ 90 | $ 331 | $ 90 | $ 1,153 | ||||
Gross Profit (Loss) | (369,906) | 63 | (640,540) | 397 | ||||
Operating expenses | (146,604) | (126,072) | (355,734) | (385,767) | ||||
Gain on dispensary equity sale | 757,991 | 1,499,355 | ||||||
Net Loss | (516,510) | $ (439,581) | $ (67,519) | (9,769,383) | $ 136,756 | $ 375,247 | (1,023,610) | (9,257,380) |
Current assets | 4,710 | 4,710 | ||||||
Current liabilities | $ (3,925,392) | $ (3,925,392) | ||||||
Pineapple Ventures, Inc. [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Revenue | 489,145 | |||||||
Cost of goods sold | (756) | |||||||
Gross Profit (Loss) | 488,389 | |||||||
Operating expenses | (2,134,478) | |||||||
Gain on dispensary equity sale | 4,965,510 | |||||||
Net Loss | 3,319,421 | |||||||
Current assets | 1,437,504 | 1,437,504 | ||||||
Non-current assets | 2,205,536 | 2,205,536 | ||||||
Current liabilities | (1,046,924) | (1,046,924) | ||||||
Non-Current liabilities | $ (754,440) | $ (754,440) |
Equity Method Investment (Detai
Equity Method Investment (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Jan. 17, 2020 | Mar. 31, 2019 | Sep. 30, 2023 | Mar. 31, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2020 | Dec. 31, 2022 | Feb. 11, 2021 | |
Schedule of Equity Method Investments [Line Items] | ||||||||||
Investment cost | $ 11,000,000 | |||||||||
Investment option price | $ 0.55 | |||||||||
Income from equity-method investment | $ 757,991 | $ 1,499,355 | ||||||||
Impairment charge | $ 10,787,652 | $ 10,787,652 | ||||||||
Common Stock [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Capital stock shares issued | 600,000 | 600,000 | ||||||||
Common stock issued on subscription received, shares | 600,000 | 10,000,000 | ||||||||
Pineapple Ventures, Inc. [Member] | Mr. Ortega [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Existing loan cancelled | $ 1,062,000 | |||||||||
Capital stock shares issued | 10,000 | 4,827 | ||||||||
Equity method investments shares owned | 45,173 | |||||||||
Pineapple Ventures, Inc. [Member] | Mr. Ortega [Member] | Ownership [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Ownership interest | 0% | 45.17% | 0% | 45.17% | 0% | |||||
Pineapple Ventures, Inc. [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Income from equity-method investment | $ 4,965,510 | |||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc. [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Acquisition percentage | 50% | |||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc. [Member] | Series A Preferred Stock [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Convertible preferred stock shares converted upon issuance | 2,000,000 | |||||||||
Number of stock issued during the period converted | 20,000,000 |
Schedule of Restatement of Cons
Schedule of Restatement of Consolidated Balance Sheets and Operations (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||||||||||||||||
Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | [2] | ||||||||
Current Assets: | |||||||||||||||||||
Cash | |||||||||||||||||||
Prepaid expense | |||||||||||||||||||
Lease receivable | |||||||||||||||||||
Inventory | $ 4,710 | $ 4,710 | 27,336 | ||||||||||||||||
Total Current Assets | 4,710 | 4,710 | 27,336 | ||||||||||||||||
Security deposits | 375,971 | 375,971 | |||||||||||||||||
Property and equipment, net | 2,358 | ||||||||||||||||||
Operating lease right-of-use assets, net | 7,729,619 | 7,729,619 | |||||||||||||||||
Total Assets | 8,110,300 | 8,110,300 | 29,694 | ||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Accounts payable and accrued liabilities | 402,289 | 402,289 | 398,551 | ||||||||||||||||
Accrued interest payable | 6,771 | 6,771 | 6,771 | ||||||||||||||||
Settlement payable - related party | 615,000 | 615,000 | 615,000 | ||||||||||||||||
Due to affiliates | 21,456 | ||||||||||||||||||
Advances on agreements | 169,000 | 169,000 | 169,000 | ||||||||||||||||
Contingent liabilities | 105,523 | 105,523 | 105,523 | ||||||||||||||||
Operating lease liability | 1,618,330 | 1,618,330 | |||||||||||||||||
Total Current Liabilities | 3,925,392 | 3,925,392 | 1,414,372 | ||||||||||||||||
Operating lease liability, non-current | 6,508,196 | 6,508,196 | |||||||||||||||||
Total Liabilities | 10,433,588 | 10,433,588 | 1,414,372 | ||||||||||||||||
Commitments and contingencies (note 13) | |||||||||||||||||||
Stockholders’ Deficit: | |||||||||||||||||||
Preferred stock value | |||||||||||||||||||
Preferred stock, par value | $ 0.00 | $ 0.00 | $ 0.00 | ||||||||||||||||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | 20,000,000 | ||||||||||||||||
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 71,163,569 shares issued and outstanding | $ 7 | $ 7 | $ 7 | ||||||||||||||||
Common stock, par value | $ 0.00 | $ 0.00 | $ 0.00 | ||||||||||||||||
Common stock, shares authorized | 500,000,000 | 500,000,000 | 500,000,000 | ||||||||||||||||
Common stock, shares issued | 73,103,569 | 73,103,569 | 71,163,569 | ||||||||||||||||
Common stock, shares outstanding | 73,103,569 | 73,103,569 | 71,163,569 | ||||||||||||||||
Subscription received – shares to be issued | $ 150,000 | ||||||||||||||||||
Additional paid-in-capital | 22,239,079 | 22,239,079 | 22,004,079 | ||||||||||||||||
Accumulated deficit | (24,562,374) | (24,562,374) | (23,538,764) | ||||||||||||||||
Total Stockholders’ Deficit | (2,323,288) | $ (1,806,778) | $ (1,452,197) | [1] | $ (2,740,445) | [2] | $ 6,978,938 | [2] | $ 6,792,182 | [2] | $ 6,978,938 | [2] | (2,323,288) | $ (2,740,445) | [2] | (1,384,678) | [1] | $ 6,316,935 | |
Total Liabilities and Stockholders’ Deficit | 8,110,300 | 8,110,300 | 29,694 | ||||||||||||||||
Revenue | |||||||||||||||||||
Sublease revenue | 157,500 | ||||||||||||||||||
Sales revenue | 90 | 331 | 90 | 1,153 | |||||||||||||||
Cost of sales | 268 | 756 | |||||||||||||||||
Gross Profit (Loss) | (369,906) | 63 | (640,540) | 397 | |||||||||||||||
Operating Expenses | |||||||||||||||||||
General and administrative | 28,851 | 66,139 | 85,623 | 204,638 | |||||||||||||||
Lease expense | 474,996 | 798,130 | |||||||||||||||||
Management consulting fees - related parties | 69,500 | 59,000 | 219,500 | 177,000 | |||||||||||||||
Depreciation | 933 | 2,358 | 4,129 | ||||||||||||||||
Total Operating Expenses | 146,604 | 126,072 | 355,734 | 385,767 | |||||||||||||||
Operating loss | (516,510) | (126,009) | (996,274) | (385,370) | |||||||||||||||
Other Income (Expense) | |||||||||||||||||||
Income from equity-method investment | 757,991 | 1,499,355 | |||||||||||||||||
Gain on forgiveness of related party note payable | 30,000 | ||||||||||||||||||
Gain on sale of subsidiary | 386,287 | 386,287 | |||||||||||||||||
Loss on impairment of equity-method investment | (10,787,652) | (10,787,652) | |||||||||||||||||
Total Other Income (expense) | (9,643,374) | (27,336) | (8,872,010) | ||||||||||||||||
Loss before taxes | (516,510) | (9,769,383) | (1,023,610) | (9,257,380) | |||||||||||||||
Provision for income taxes | |||||||||||||||||||
Net Loss | $ (516,510) | (439,581) | (67,519) | $ (9,769,383) | $ 136,756 | 375,247 | $ (1,023,610) | $ (9,257,380) | |||||||||||
Net Income (Loss) Per Share – Basic | $ (0.01) | $ (0.11) | $ (0.01) | $ (0.10) | |||||||||||||||
Net Income (Loss) Per Share - Diluted | $ (0.01) | $ (0.11) | $ (0.11) | $ (0.10) | $ (0.01) | $ (0.10) | |||||||||||||
Weighted Average Common Shares – Basic | 73,103,569 | 91,163,569 | 72,204,741 | 91,163,569 | |||||||||||||||
Weighted Average Common Shares - Diluted | 73,103,569 | 91,163,569 | 91,163,569 | 91,163,569 | 72,204,741 | 91,163,569 | |||||||||||||
Cash Flows from Operating Activities | |||||||||||||||||||
Net loss | $ (516,510) | $ (439,581) | (67,519) | $ (9,769,383) | $ 136,756 | 375,247 | $ (1,023,610) | $ (9,257,380) | |||||||||||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||||||||||||
Depreciation of property and equipment | 2,358 | 4,129 | |||||||||||||||||
Income from equity-method investment | (757,991) | (1,499,355) | |||||||||||||||||
Gain on forgiveness of related party note payable | (30,000) | ||||||||||||||||||
Loss on impairment of equity-method investment | 10,787,652 | 10,787,652 | |||||||||||||||||
Gain on sale of subsidiary | (386,287) | (386,287) | |||||||||||||||||
Changes in operating assets and liabilities: | |||||||||||||||||||
Inventory | (4,710) | (3,961) | |||||||||||||||||
Accounts payable and accrued liabilities | 3,738 | 90,758 | |||||||||||||||||
Accounts payable related party | 166 | 31,000 | |||||||||||||||||
Due to affiliates | 1,036,917 | 159,449 | |||||||||||||||||
Net cash provided by (used in) operating activities | 63,131 | (103,995) | |||||||||||||||||
Cash Flows from Financing Activities | |||||||||||||||||||
Proceeds from stock subscription | 150,000 | ||||||||||||||||||
Proceeds from related party notes payable | 5,995 | ||||||||||||||||||
Repayments of related party notes payable | (52,000) | ||||||||||||||||||
Net cash provided by (used in) financing activities | (63,131) | 103,995 | |||||||||||||||||
Net Change in Cash | |||||||||||||||||||
Cash, Beginning of Period | |||||||||||||||||||
Cash, End of Period | |||||||||||||||||||
Series A Convertible Preferred Stock [Member] | |||||||||||||||||||
Stockholders’ Deficit: | |||||||||||||||||||
Preferred stock value | |||||||||||||||||||
Preferred stock, par value | $ 0.00 | $ 0.00 | $ 0.00 | ||||||||||||||||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | 5,000,000 | ||||||||||||||||
Related Party [Member] | |||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Accounts payable - related party | $ 31,666 | $ 31,666 | $ 31,500 | ||||||||||||||||
Notes payable | 46,733 | 46,733 | 46,733 | ||||||||||||||||
Revenue | |||||||||||||||||||
Sublease revenue | 157,500 | ||||||||||||||||||
Nonrelated Party [Member] | |||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Notes payable | $ 19,838 | $ 19,838 | 19,838 | ||||||||||||||||
Previously Reported [Member] | |||||||||||||||||||
Current Assets: | |||||||||||||||||||
Cash | |||||||||||||||||||
Prepaid expense | |||||||||||||||||||
Lease receivable | |||||||||||||||||||
Inventory | |||||||||||||||||||
Total Current Assets | |||||||||||||||||||
Security deposits | |||||||||||||||||||
Property and equipment, net | 2,358 | ||||||||||||||||||
Operating lease right-of-use assets, net | |||||||||||||||||||
Total Assets | 2,358 | ||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Accounts payable and accrued liabilities | 398,489 | ||||||||||||||||||
Accrued interest payable | 6,771 | ||||||||||||||||||
Settlement payable - related party | 615,000 | ||||||||||||||||||
Due to affiliates | |||||||||||||||||||
Advances on agreements | 169,000 | ||||||||||||||||||
Contingent liabilities | 105,523 | ||||||||||||||||||
Operating lease liability | |||||||||||||||||||
Total Current Liabilities | 1,376,972 | ||||||||||||||||||
Operating lease liability, non-current | |||||||||||||||||||
Total Liabilities | 1,376,972 | ||||||||||||||||||
Commitments and contingencies (note 13) | |||||||||||||||||||
Stockholders’ Deficit: | |||||||||||||||||||
Preferred stock value | |||||||||||||||||||
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 71,163,569 shares issued and outstanding | 7 | ||||||||||||||||||
Subscription received – shares to be issued | 150,000 | ||||||||||||||||||
Additional paid-in-capital | 22,004,079 | ||||||||||||||||||
Accumulated deficit | (23,528,700) | ||||||||||||||||||
Total Stockholders’ Deficit | (1,374,614) | ||||||||||||||||||
Total Liabilities and Stockholders’ Deficit | 2,358 | ||||||||||||||||||
Revenue | |||||||||||||||||||
Sublease revenue | |||||||||||||||||||
Sales revenue | |||||||||||||||||||
Cost of sales | |||||||||||||||||||
Gross Profit (Loss) | |||||||||||||||||||
Operating Expenses | |||||||||||||||||||
General and administrative | 66,090 | 203,553 | |||||||||||||||||
Lease expense | |||||||||||||||||||
Management consulting fees - related parties | 59,000 | 177,000 | |||||||||||||||||
Depreciation | 933 | 4,129 | |||||||||||||||||
Total Operating Expenses | 126,023 | 384,682 | |||||||||||||||||
Operating loss | (126,023) | (384,682) | |||||||||||||||||
Other Income (Expense) | |||||||||||||||||||
Income from equity-method investment | 757,991 | 1,499,355 | |||||||||||||||||
Gain on forgiveness of related party note payable | 30,000 | ||||||||||||||||||
Gain on sale of subsidiary | 386,287 | 386,287 | |||||||||||||||||
Loss on impairment of equity-method investment | (10,787,652) | (10,787,652) | |||||||||||||||||
Total Other Income (expense) | (9,643,374) | (8,872,010) | |||||||||||||||||
Loss before taxes | (9,769,397) | (9,256,692) | |||||||||||||||||
Provision for income taxes | |||||||||||||||||||
Net Loss | $ (9,769,397) | $ (9,256,692) | |||||||||||||||||
Net Income (Loss) Per Share – Basic | $ (0.11) | $ (0.10) | |||||||||||||||||
Net Income (Loss) Per Share - Diluted | $ (0.11) | $ (0.10) | |||||||||||||||||
Weighted Average Common Shares – Basic | 91,163,569 | 91,163,569 | |||||||||||||||||
Weighted Average Common Shares - Diluted | 91,163,569 | 91,163,569 | |||||||||||||||||
Cash Flows from Operating Activities | |||||||||||||||||||
Net loss | $ (9,769,397) | $ (9,256,692) | |||||||||||||||||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||||||||||||
Depreciation of property and equipment | 4,129 | ||||||||||||||||||
Income from equity-method investment | (757,991) | (1,499,355) | |||||||||||||||||
Gain on forgiveness of related party note payable | (30,000) | ||||||||||||||||||
Loss on impairment of equity-method investment | 10,787,652 | 10,787,652 | |||||||||||||||||
Gain on sale of subsidiary | (386,287) | (386,287) | |||||||||||||||||
Changes in operating assets and liabilities: | |||||||||||||||||||
Inventory | |||||||||||||||||||
Accounts payable and accrued liabilities | 90,800 | ||||||||||||||||||
Accounts payable related party | 31,000 | ||||||||||||||||||
Due to affiliates | 154,868 | ||||||||||||||||||
Net cash provided by (used in) operating activities | (103,885) | ||||||||||||||||||
Cash Flows from Financing Activities | |||||||||||||||||||
Proceeds from stock subscription | 150,000 | ||||||||||||||||||
Proceeds from related party notes payable | 5,885 | ||||||||||||||||||
Repayments of related party notes payable | (52,000) | ||||||||||||||||||
Net cash provided by (used in) financing activities | 103,885 | ||||||||||||||||||
Net Change in Cash | |||||||||||||||||||
Cash, Beginning of Period | |||||||||||||||||||
Cash, End of Period | |||||||||||||||||||
Previously Reported [Member] | Series A Convertible Preferred Stock [Member] | |||||||||||||||||||
Stockholders’ Deficit: | |||||||||||||||||||
Preferred stock value | |||||||||||||||||||
Previously Reported [Member] | Related Party [Member] | |||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Accounts payable - related party | 31,500 | ||||||||||||||||||
Notes payable | 30,851 | ||||||||||||||||||
Previously Reported [Member] | Nonrelated Party [Member] | |||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Notes payable | 19,838 | ||||||||||||||||||
Revision of Prior Period, Adjustment [Member] | |||||||||||||||||||
Current Assets: | |||||||||||||||||||
Cash | |||||||||||||||||||
Prepaid expense | |||||||||||||||||||
Lease receivable | |||||||||||||||||||
Inventory | 27,336 | ||||||||||||||||||
Total Current Assets | 27,336 | ||||||||||||||||||
Property and equipment, net | |||||||||||||||||||
Operating lease right-of-use assets, net | |||||||||||||||||||
Total Assets | 27,336 | ||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Accounts payable and accrued liabilities | 62 | ||||||||||||||||||
Accrued interest payable | |||||||||||||||||||
Settlement payable - related party | |||||||||||||||||||
Due to affiliates | 21,456 | ||||||||||||||||||
Advances on agreements | |||||||||||||||||||
Contingent liabilities | |||||||||||||||||||
Operating lease liability | |||||||||||||||||||
Total Current Liabilities | 37,400 | ||||||||||||||||||
Operating lease liability, non-current | |||||||||||||||||||
Total Liabilities | 37,400 | ||||||||||||||||||
Commitments and contingencies (note 13) | |||||||||||||||||||
Stockholders’ Deficit: | |||||||||||||||||||
Preferred stock value | |||||||||||||||||||
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 71,163,569 shares issued and outstanding | |||||||||||||||||||
Subscription received – shares to be issued | |||||||||||||||||||
Additional paid-in-capital | |||||||||||||||||||
Accumulated deficit | (10,064) | ||||||||||||||||||
Total Stockholders’ Deficit | (10,064) | ||||||||||||||||||
Total Liabilities and Stockholders’ Deficit | 27,336 | ||||||||||||||||||
Revenue | |||||||||||||||||||
Sublease revenue | |||||||||||||||||||
Sales revenue | 331 | 1,153 | |||||||||||||||||
Cost of sales | 268 | 756 | |||||||||||||||||
Gross Profit (Loss) | 63 | 397 | |||||||||||||||||
Operating Expenses | |||||||||||||||||||
General and administrative | 49 | 1,085 | |||||||||||||||||
Lease expense | |||||||||||||||||||
Management consulting fees - related parties | |||||||||||||||||||
Depreciation | |||||||||||||||||||
Total Operating Expenses | 49 | 1,085 | |||||||||||||||||
Operating loss | 14 | (688) | |||||||||||||||||
Other Income (Expense) | |||||||||||||||||||
Income from equity-method investment | |||||||||||||||||||
Gain on forgiveness of related party note payable | |||||||||||||||||||
Gain on sale of subsidiary | |||||||||||||||||||
Loss on impairment of equity-method investment | |||||||||||||||||||
Total Other Income (expense) | |||||||||||||||||||
Loss before taxes | 14 | (688) | |||||||||||||||||
Provision for income taxes | |||||||||||||||||||
Net Loss | 14 | (688) | |||||||||||||||||
Cash Flows from Operating Activities | |||||||||||||||||||
Net loss | 14 | (688) | |||||||||||||||||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||||||||||||
Depreciation of property and equipment | |||||||||||||||||||
Income from equity-method investment | |||||||||||||||||||
Gain on forgiveness of related party note payable | |||||||||||||||||||
Loss on impairment of equity-method investment | |||||||||||||||||||
Gain on sale of subsidiary | |||||||||||||||||||
Changes in operating assets and liabilities: | |||||||||||||||||||
Inventory | (3,961) | ||||||||||||||||||
Accounts payable and accrued liabilities | (42) | ||||||||||||||||||
Accounts payable related party | |||||||||||||||||||
Due to affiliates | 4,581 | ||||||||||||||||||
Net cash provided by (used in) operating activities | (110) | ||||||||||||||||||
Cash Flows from Financing Activities | |||||||||||||||||||
Proceeds from stock subscription | |||||||||||||||||||
Proceeds from related party notes payable | 110 | ||||||||||||||||||
Repayments of related party notes payable | |||||||||||||||||||
Net cash provided by (used in) financing activities | 110 | ||||||||||||||||||
Net Change in Cash | |||||||||||||||||||
Cash, Beginning of Period | |||||||||||||||||||
Cash, End of Period | |||||||||||||||||||
Revision of Prior Period, Adjustment [Member] | Series A Convertible Preferred Stock [Member] | |||||||||||||||||||
Stockholders’ Deficit: | |||||||||||||||||||
Preferred stock value | |||||||||||||||||||
Revision of Prior Period, Adjustment [Member] | Related Party [Member] | |||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Accounts payable - related party | |||||||||||||||||||
Notes payable | 15,882 | ||||||||||||||||||
Revision of Prior Period, Adjustment [Member] | Nonrelated Party [Member] | |||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Notes payable | |||||||||||||||||||
[1]Retrospectively reflect Pineapple Wellness accounts under transactions between entities under common control[2]Retrospectively reflect Pineapple Wellness accounts under transactions between entities under common control |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |||||
May 11, 2021 | Jan. 22, 2018 | Dec. 11, 2017 | Sep. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2020 | Oct. 27, 2020 | |
Plaintiff claimed damages | $ 900,000 | ||||||
Claims from court | 615,000 | ||||||
Amount in controversy | 32,500 | ||||||
Hawkeye v. Pineapple Express, Inc [Member] | |||||||
Claims from court | $ 615,000 | ||||||
Sharper, Inc v.Pineapple Express, Inc [Member] | |||||||
Principal amount | 15,375 | ||||||
Contingent liabilities | 18,692 | 18,692 | |||||
Cunningham Pineapple Express, Inc [Member] | |||||||
Judgment award transitioned | $ 47,684 | ||||||
Cunningham v.Pineapple Express, Inc [Member] | |||||||
Judgment award transitioned | $ 2,367 | ||||||
StoryCorp Consulting, dba Wells Compliance Group [Member] | |||||||
Contingent liabilities | 29,280 | 29,280 | $ 23,805 | ||||
Judgment award transitioned | $ 29,280 | $ 15,000 | |||||
Russ Schamun [Member] | |||||||
Contingent liabilities | 7,500 | 7,500 | |||||
Pineapple Express, Inc. [Member] | |||||||
Stipulated judgment claimed | 60,000 | ||||||
Notes payable related parties current | $ 30,851 | $ 30,851 |