Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 11, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-55639 | |
Entity Registrant Name | ALTITUDE INTERNATIONAL HOLDINGS, INC. | |
Entity Central Index Key | 0001664127 | |
Entity Tax Identification Number | 13-3778988 | |
Entity Incorporation, State or Country Code | NY | |
Entity Address, Address Line One | 4500 SE Pine Valley Street | |
Entity Address, City or Town | Port Saint Lucie | |
Entity Address, State or Province | FL | |
Entity Address, Postal Zip Code | 34952 | |
City Area Code | (772) | |
Local Phone Number | 323-0625 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 58,709,181 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets | ||
Cash | $ 4,122 | $ 485 |
Prepaid expense | 39,208 | 3,000 |
Total current assets | 43,330 | 3,485 |
Total assets | 43,330 | 3,485 |
Current liabilities | ||
Notes payable - related party | 69,200 | |
Notes payable | 20,800 | 20,800 |
Accounts payable and accrued expenses | 55,008 | 62,053 |
Accounts payable and accrued expenses - related party | 113,422 | |
Due to Breunich Holding Inc. | 193,328 | |
Stockholders’ advance | 36,211 | 36,211 |
Deferred revenue | 126,037 | |
Total current liabilities | 431,384 | 301,686 |
Total liabilities | 431,384 | 301,686 |
Commitments and contingencies - Note 5 | ||
Stockholders’ deficit | ||
Preferred stock - no par value, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively | ||
Common stock - no par value, 600,000,000 shares authorized, 58,659,181 and 51,487,764 shares issued, issuable, and outstanding at June 30, 2021 and December 31, 2020, respectively | 6,175,574 | 3,091,136 |
Additional paid in capital | (175,279) | (175,279) |
Accumulated deficit | (6,388,349) | (3,214,058) |
Total stockholders’ deficit | (388,054) | (298,201) |
Total liabilities and stockholders’ deficit | $ 43,330 | $ 3,485 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2021 | Feb. 10, 2021 | Dec. 31, 2020 | May 18, 2017 |
Statement of Financial Position [Abstract] | ||||
Preferred stock, no par value | $ 0 | $ 0 | $ 0 | |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | 5,000,000 | |
Preferred stock, shares issued | 0 | 0 | ||
Preferred stock, shares outstanding | 0 | 0 | ||
Common Stock, No Par Value | $ 0 | $ 0 | $ 0 | |
Common Stock, Shares Authorized | 600,000,000 | 600,000,000 | 600,000,000 | 100,000,000 |
Common Stock, Shares, Issued | 58,659,181 | 51,487,764 | ||
Common Stock, Shares, Outstanding | 58,659,181 | 51,487,764 |
Condensed Consolidated Statemen
Condensed Consolidated Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Income Statement [Abstract] | ||||
Revenue | $ 593 | $ 1,186 | ||
Operating expenses | ||||
Direct costs of revenue | ||||
Professional fees | 89,892 | 13,590 | 107,567 | 45,333 |
Salary expenses | 36,488 | 31,250 | 65,435 | 62,500 |
Stock-based compensation | 10,363 | 3,509 | 2,978,108 | 7,334 |
Other general and administrative expenses | 52,061 | 26,532 | 60,444 | 58,983 |
Total operating expenses | 188,804 | 74,881 | 3,211,554 | 174,150 |
Loss from operations | (188,804) | (74,288) | (3,211,554) | (172,964) |
Other income (expenses) | ||||
Gain on settlement of debt | 0 | 41,254 | ||
Interest expense | (38) | (403) | (3,991) | (7,755) |
Total other income (expenses) | (38) | (403) | 37,263 | (7,755) |
Net loss | $ (188,842) | $ (74,691) | $ (3,174,291) | $ (180,719) |
Earnings per share - basic and fully diluted | $ 0 | $ 0 | $ (0.06) | $ 0 |
Weighted average number of shares of common stock - basic and fully diluted | 58,646,269 | 42,947,254 | 56,940,822 | 39,530,169 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 2,669,024 | $ (183,183) | $ (2,885,511) | $ (399,670) |
Beginning balance, shares at Dec. 31, 2019 | 36,075,995 | |||
Issuance of common stock for services | $ 1,876 | 1,876 | ||
Issuance of common stock for services, shares | 37,500 | |||
Amortization of stock options | 1,949 | 1,949 | ||
Net loss | (106,028) | (106,028) | ||
Ending balance, value at Mar. 31, 2020 | $ 2,670,900 | (181,234) | (2,991,539) | (501,873) |
Ending balance, shares at Mar. 31, 2020 | 36,113,495 | |||
Beginning balance, value at Dec. 31, 2019 | $ 2,669,024 | (183,183) | (2,885,511) | (399,670) |
Beginning balance, shares at Dec. 31, 2019 | 36,075,995 | |||
Net loss | (180,719) | |||
Ending balance, value at Jun. 30, 2020 | $ 2,930,354 | (179,263) | (3,066,230) | (315,139) |
Ending balance, shares at Jun. 30, 2020 | 43,541,139 | |||
Beginning balance, value at Mar. 31, 2020 | $ 2,670,900 | (181,234) | (2,991,539) | (501,873) |
Beginning balance, shares at Mar. 31, 2020 | 36,113,495 | |||
Issuance of common stock for services | $ 1,538 | 1,538 | ||
Issuance of common stock for services, shares | 37,500 | |||
Conversion of debt to common stock | $ 257,916 | 257,916 | ||
Conversion of debt to common stock, shares | 7,390,144 | |||
Amortization of stock options | 1,971 | 1,971 | ||
Net loss | (74,691) | (74,691) | ||
Ending balance, value at Jun. 30, 2020 | $ 2,930,354 | (179,263) | (3,066,230) | (315,139) |
Ending balance, shares at Jun. 30, 2020 | 43,541,139 | |||
Beginning balance, value at Dec. 31, 2020 | $ 3,091,136 | (175,279) | (3,214,058) | (298,201) |
Beginning balance, shares at Dec. 31, 2020 | 51,487,764 | |||
Issuance of common stock for services | $ 2,967,746 | 2,967,746 | ||
Issuance of common stock for services, shares | 6,702,500 | |||
Conversion of debt to common stock | $ 87,080 | 87,080 | ||
Conversion of debt to common stock, shares | 181,417 | |||
Options exercised into common stock | $ 19,250 | 19,250 | ||
Options exercised into common stock, shares | 250,000 | |||
Net loss | (2,985,449) | (2,985,449) | ||
Ending balance, value at Mar. 31, 2021 | $ 6,165,212 | (175,279) | (6,199,507) | (209,574) |
Ending balance, shares at Mar. 31, 2021 | 58,621,681 | |||
Beginning balance, value at Dec. 31, 2020 | $ 3,091,136 | (175,279) | (3,214,058) | (298,201) |
Beginning balance, shares at Dec. 31, 2020 | 51,487,764 | |||
Net loss | (3,174,291) | |||
Ending balance, value at Jun. 30, 2021 | $ 6,175,574 | (175,279) | (6,388,349) | (388,054) |
Ending balance, shares at Jun. 30, 2021 | 58,659,181 | |||
Beginning balance, value at Mar. 31, 2021 | $ 6,165,212 | (175,279) | (6,199,507) | (209,574) |
Beginning balance, shares at Mar. 31, 2021 | 58,621,681 | |||
Issuance of common stock for services | $ 10,362 | 10,362 | ||
Issuance of common stock for services, shares | 37,500 | |||
Net loss | (188,842) | (188,842) | ||
Ending balance, value at Jun. 30, 2021 | $ 6,175,574 | $ (175,279) | $ (6,388,349) | $ (388,054) |
Ending balance, shares at Jun. 30, 2021 | 58,659,181 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net loss | $ (3,174,291) | $ (180,719) |
Adjustments to reconcile net loss to net cash used in operations: | ||
Depreciation expense | 1,745 | |
Amortization expense | 306 | |
Gain on settlement of debt | 41,254 | |
Stock-based compensation | 2,978,108 | 7,334 |
Change in assets and liabilities: | ||
Prepaid expense | (36,208) | (2,174) |
Accounts payable and accrued expenses | (7,046) | 14,318 |
Accounts payable and accrued expenses - related party | (67,595) | 75,976 |
Due to Breunich Holdings, Inc. | 193,328 | |
Deferred revenue | 126,037 | (1,189) |
Net cash provided by (used in) operating activities | 53,587 | (84,404) |
Cash flows from financing activities: | ||
Proceeds from stock options exercised | 19,250 | |
Proceeds from loan | 20,800 | |
Proceeds from related party loans and advances | 57,989 | |
Repayment of notes payable to related parties | (69,200) | |
Net cash provided by (used in) financing activities | (49,950) | 78,789 |
Net increase (decrease) in cash | 3,637 | (5,615) |
Cash at beginning of period | 485 | 8,267 |
Cash at end of period | 4,122 | 2,652 |
Cash paid for interest | ||
Cash paid for taxes | ||
Non-cash investing and financing activities: | ||
Conversion of related party debt to common stock | $ 90,708 | $ 257,916 |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 6 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS | NOTE 1 – NATURE OF OPERATIONS Company Background Altitude International Holdings, Inc. (f/k/a Altitude International, Inc., the “Company,” “we,” “us,” “our,” or “Altitude-NY”), was incorporated in the State of New York on July 13, 1994, as “Titan Computer Services, Inc.” On June 27, 2017, the Company successfully closed a Share Exchange transaction (the “Share Exchange”) with the shareholders of Altitude International, Inc. (“Altitude”), a Wisconsin corporation. Altitude was incorporated on May 18, 2017, under the laws of the state of Wisconsin and has been operating as a wholly owned subsidiary of Altitude-NY since the Share Exchange. Altitude operates through Northern, Central, and South America sales to execute the current business plan of athletic training industry, specifically altitude training. Our objective is to be recognized as one of the upper tier specialty altitude training equipment providers in the Americas. On February 13, 2018, the majority of the shareholders of the Company approved the amendment to the Articles of Incorporation to change the Company’s name from “Titan Computer Services, Inc.” to “Altitude International, Inc.” The purpose of the name change was to help further our brand identity and will reflect the major focus of our business operations, the manufacturing and distribution of products in the athletic training industry, specifically altitude training. On February 14, 2020, the majority of shareholders of the Company and the Board of Directors authorized a change in the Company’s name to “Altitude International Holdings, Inc.” to reflect more diversified operations going forward. The Articles of Amendment finalizing this name change have not yet been filed by the Company. On April 24, 2020, the Company formed a wholly owned subsidiary in Wisconsin called “Altitude Sports Management Corp.,” an entity that will providing fully integrated wealth, health, and career management services to its clients. On August 21, 2020, the Company filed with the State of New York to change the name from Altitude International, Inc. to Altitude International Holdings, Inc. Further, on January 17, 2021, Altitude International Holdings, Inc. (the “ Company Altitude LOI BHI 100 Upon the terms and subject to the conditions set forth in the LOI, following the Share Exchange, (i) BHI and its subsidiaries will be wholly-owned subsidiaries of Altitude; (ii) BHI shareholders would own approximately 80 20 The completion of the Share Exchange would be subject to the satisfaction of specific conditions set forth in the LOI, including the completion of an audit of BHI and its subsidiaries and the parties first negotiating and executing a definitive Share Exchange agreement (the “ Share Exchange Agreement On February 10, 2021, the Company filed with the State of New York to increase the authorized shares of common stock of the Company to 600,000,000 On May 28, 2021, the Company’s Board of Directors, as allowed in the Company’s Bylaws, approved an increase to the maximum number of individuals on the Board of Directors to thirteen. On July 6, 2021, Altitude International Holdings, Inc. (“Altitude” or the “Company”) entered into a Share Exchange Agreement (the “Agreement”) with Breunich Holdings, Inc., a Delaware entity (“BHI”). BHI is a holding company with seven operating LLCs, including CMA Soccer, LLC, ITA-USA Enterprise LLC, Trident Water LLC, North Miami Beach Academy LLC, NVL Volleyball Academy LLC, Six Log Cleaning and Sanitizing LLC, and Altitude Wellness LLC. Pursuant to the terms of the Agreement, the Company agreed to issue 295,986,724 100 51 Following the Agreement, BHI will be a wholly owned subsidiary of the Company, with each of its subsidiaries operating as wholly owned subsidiaries. At the Closing of the Share Exchange Agreement on July 23, 2021, Altitude acquired 100 On July 21, 2021, the Company filed a Certificate of Designation for Series A Preferred Stock. The Company received confirmation of the filing from the New York Secretary of State on July 27, 2021. Nature of Operations The product designs to be licensed from Sporting Edge UK, Ltd (“Sporting Edge UK”) are proven and cover a wide range of room sizes. The only requirement is to change from metric to imperial sizes where necessary. There are three unique elements to the Altitude product: ● Sophisticated Touch Screen control systems capable of integrating the control of simulated altitude, temperature and humidity. ● A unique design of Air Separation Unit with only a single active part that provides for ultra-reliable operation and a design life of greater than fifteen years. ● Proven training protocols that allow the desired training benefits to be achieved. Altitude is transitioning to a more multi-discipline enterprise, blending performance-based education, sports, science, and technology. The targeted consumer segments include, but are not limited to, juniors, adults, and professionals. ALTD’s multi-discipline approach consists of wholly owned stand-alone academies, wellness, and manufacturing/assembly facilities. Altitude International Holdings, Inc. Altitude International Holdings, Inc. (“Altitude”) was incorporated on May 18, 2017, under the laws of the state of Wisconsin with 100,000,000 0.001 6,102,000 0.001 6,102 On June 27, 2017, after the closing of certain Stock Purchase Agreements, in private sale transaction and the Share Exchange Agreement, a change of control of the Company occurred and the new operational focus of the Company commenced. See Notes 6 and 8. Altitude will operate through Northern, Central, and South America to execute the current business plan of athletic training industry, specifically altitude training. Our objective is to be recognized as one of the upper tier specialty altitude training equipment providers. Changes in Management and the Board of Directors On January 25, 2019, Robert Kanuth was appointed as the Company’s new CEO and David Vincent resigned as CEO and was appointed as the Company’s Chief Technology Officer. On June 27, 2019, Greg Anthony and Peter Sandore were elected to serve on the Board of Directors. On August 20, 2019, Dave Vincent resigned as a director and CTO of the Company. On September 19, 2019, Greg Anthony was appointed as President of the Company. On July 6, 2020, Greg Whyte resigned as a director of the Company. On July 6, 2020, Greg Whyte resigned as a director of the Company. On July 28, 2020, Peter Sandore resigned as director of the Company. On December 20, 2020, Greg Whyte, David Vincent, and Greg Breunich were appointed as directors of the Company to fill the vacancies left upon the resignation of its former directors. On January 6, 2021, Robert Kanuth, Chief Executive Officer, Chief Financial Officer, and a member of the Board of Directors resigned as Chief Executive Officer and Chief Financial Officer of the Company. He also resigned as Chairman of the Board of Directors but remains a member of the Board of Directors of the Company. On January 6, 2021, Greg Breunich was appointed Chief Executive Officer, Chief Financial Officer, and Chairman of the Board of Directors of the Company. On February 2, 2021, Greg Anthony was appointed Chief Communications Officer and Company Spokesperson of the Company. On March 19, 2021, Joseph B. Frost resigned as a director and officer of the Company. On March 24, 2021, Gabe Jaramillo was appointed as Executive Vice President and Director of Tennis Training. On March 26, 2021, Mr. Jaramillo was appointed to the Board of Directors of the Company. On July 23, 2021, Scott Del Mastro was appointed to the Board of Directors of the Company. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and has a year-end of December 31. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations, and cash flows of the Company for the respective periods being presented. The unaudited condensed consolidated financial statements of the Company for the six month periods ended June 30, 2021, and 2020 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2020, was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2020, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2021. These financial statements should be read in conjunction with that report. Going Concern and Liquidity We have incurred recurring losses since inception and expect to continue to incur losses as a result of legal and professional fees and our corporate general and administrative expenses. At June 30, 2021, we had $ 4,122 3,174,291 388,054 Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt with Conversion and Other Options Recently Issued Accounting Standards: Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements. |
NOTES PAYABLE
NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 3 – NOTES PAYABLE SCHEDULE OF NOTES PAYABLE Note payable June 30, 2021 December 31, 2020 Accrued Accrued Principal Interest Total Principal Interest Total Joseph B. Frost $ - $ - $ - $ 40,000 $ 22,723 $ 62,723 Joseph B. Frost - - - 500 86 586 Joseph B. Frost - - - 10,000 4,853 14,853 Joseph B. Frost - - - 13,000 6,231 19,231 Robert Kanuth - - - 1,500 88 1,588 Robert Kanuth - - - 4,200 240 4,440 Total $ - $ - $ - $ 69,200 $ 34,221 $ 103,421 On March 2, 2018, Frost, then a director, loaned the Company $ 40,000 20 one year On July 30, 2018, Frost, then a director, loaned the Company $ 10,000 20 one year On August 10, 2018, Frost, a director, loaned the Company $ 13,000 20 six months On November 5, 2018, Frost, a director, loaned the Company $ 500 8 six months On April 9, 2020, Kanuth, an officer and director, loaned the Company $ 1,500 8 one year On April 15, 2020, Kanuth, an officer and director, loaned the Company $ 4,200 8 one year On May 5, 2020, the Company received $ 20,800 20,800 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 4 – COMMITMENTS AND CONTINGENCIES The Company is subject, from time to time, to claims by third parties under various legal disputes. The defense of such claims, or any adverse outcome relating to any such claims, could have a material adverse effect on the Company’s liquidity, financial condition and cash flows. As of May 6, 2021, the Company did not have any legal actions pending against it. On June 27, 2017, Altitude entered a license agreement with Sporting Edge UK (see Note 1), Sporting Edge UK is the sole and exclusive owner of and has the right to license to licensee the ability to manufacture and sell rights to the full range of membrane-based systems for the production of reduced oxygen environments and associated services as well as the use of patents and trademarks held by Sporting Edge UK or Vincent. On January 24, 2019, Altitude and Sporting Edge UK entered into a Revised Licensing Agreement that grants a license to Altitude to use Sporting Edge UK’s proprietary technology related to properly engineered, membrane-based designs for simulated altitude training equipment. The annual license fee under the revised agreement is $1.00 per year ● The Continent of North America, Central America, The Continent of South America. ● Other territories as may be agreed from time to time, on a temporary or permanent basis. All amounts due under the 2017 license agreement were waived, as were all royalty fees. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS On April 30, 2021, the Company paid Robert Kanuth $ 20,000 20,395 As of June 30, 2021, Breunich Holding Inc., which is controlled by Greg Breunich, the chief executive officer, chief financial officer and chairman of the Company, is owed $ 193,328 |
STOCKHOLDERS_ EQUITY
STOCKHOLDERS’ EQUITY | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
STOCKHOLDERS’ EQUITY | NOTE 6 – STOCKHOLDERS’ EQUITY Preferred Stock On February 5, 2015, the Board of Directors of the Company authorized 5,000,000 no Each share of the preferred stock is entitled to one vote and is convertible into one share of common stock. As of June 30, 2021, and December 31, 2020, the Company has no Common Stock Altitude was incorporated on May 18, 2017, under the laws of the state of Wisconsin with 100,000,000 0.001 The shareholders have one vote per share of common stock. After the closing of certain Stock Purchase Agreements, in private sale transaction and the Share Exchange Agreement, the Company’s common stock had no par value and is registered in New York. On February 10, 2021, the Company filed amended Articles of Incorporation with the State of New York to amend its authorized shares of common stock by an additional 530,000,000 605,000,000 600,000,000 no 5,000,000 no On January 1, 2021, the Company was contractually obligated to issue its legal counsel 12,500 0.103 1,288 On February 1, 2021, the Company was contractually obligated to issue its legal counsel 12,500 0.295 3,687 On February 2, 2021, the Company issued shares of common stock for services as follows: Elizabeth K. Stahl, 40,000 100,000 1,500,000 5,000,000 On February 8, 2021, Frost exercised 250,000 0.077 19,250 On March 1, 2021, the Company was contractually obligated to issue its legal counsel 12,500 0.708 8,850 On April 1, 2021, the Company was contractually obligated to issue its legal counsel 12,500 0.408 5,100 On May 1, 2021, the Company was contractually obligated to issue its legal counsel 12,500 0.22 2,750 On June 1, 2021, the Company was contractually obligated to issue its legal counsel 12,500 0.201 2,512 As of June 30, 2021, and December 31, 2020, the Company has 58,659,181 and 51,487,764 shares of no par common stock issued, issuable, and outstanding. Stock Option Plan On February 13, 2018, the Company’s shareholders and Board of Directors approved the 2017 Incentive Stock Plan. On January 25, 2019, the Company issued 250,000 The options vest at a rate of 25% every six months after the grant date and expire upon termination of employment. 0.077 15,809 0.06 5,912 On January 25, 2019, the Company issued 250,000 The options vest at a rate of 25% every six months after the grant date and expire upon termination of employment. 0.077 15,809 0.06 0.077 19,250 There are currently no stock options currently issued and outstanding under the 2017 Plan, as all 250,000 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 7 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date the financial statements were issued and filed with the Securities and Exchange Commission. The Company has determined that there are no other such events that warrant disclosure or recognition in the financial statements, except as stated herein. The outbreak of the coronavirus (COVID-19) resulted in increased travel restrictions, and shutdown of businesses, which may cause slower recovery of the economy. We may experience impact from quarantines, market downturns and changes in customer behavior related to pandemic fears and impact on our workforce if the virus continues to spread. In addition, one or more of our customers, partners, service providers or suppliers may experience financial distress, delayed or defaults on payment, file for bankruptcy protection, sharp diminishing of business, or suffer disruptions in their business due to the outbreak. The extent to which the coronavirus impacts our results will depend on future developments and reactions throughout the world, which are highly uncertain and will include emerging information concerning the severity of the coronavirus and the actions taken by governments and private businesses to attempt to contain the coronavirus. It is likely to result in a potential material adverse impact on our business, results of operations and financial condition. Wider-spread COVID-19 globally could prolong the deterioration in economic conditions and could cause decreases in or delays in advertising spending and reduce and/or negatively impact our short-term ability to grow our revenues. Any decreased collectability of accounts receivable, bankruptcy of small and medium businesses, or early termination of agreements due to deterioration in economic conditions could negatively impact our results of operations. On July 6, 2021, the Company issued 50,000 On July 6, 2021, the Company issued 300,000 Acquisition of Breunich Holdings, Inc. On July 6, 2021, Altitude International Holdings, Inc. (“Altitude” or the “Company”) entered into a Share Exchange Agreement (the “Agreement”) with Breunich Holdings, Inc., a Delaware entity (“BHI”). BHI is a holding company with seven operating LLCs, including CMA Soccer, LLC, ITA-USA Enterprise LLC, Trident Water LLC, North Miami Beach Academy LLC, NVL Volleyball Academy LLC, Six Log Cleaning and Sanitizing LLC, and Altitude Wellness LLC. Pursuant to the terms of the Agreement, the Company agreed to issue 295,986,724 100% 51 Following the Agreement, BHI will be a wholly owned subsidiary of the Company, with each of its subsidiaries operating as wholly owned subsidiaries. At the Closing of the Share Exchange Agreement on July 23, 2021, Altitude acquired 100% On July 21, 2021, the Company filed a Certificate of Designation for Series A Preferred Stock. The Company received confirmation of the filing of July 27, 2021. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and has a year-end of December 31. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations, and cash flows of the Company for the respective periods being presented. The unaudited condensed consolidated financial statements of the Company for the six month periods ended June 30, 2021, and 2020 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2020, was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2020, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2021. These financial statements should be read in conjunction with that report. |
Going Concern and Liquidity | Going Concern and Liquidity We have incurred recurring losses since inception and expect to continue to incur losses as a result of legal and professional fees and our corporate general and administrative expenses. At June 30, 2021, we had $ 4,122 3,174,291 388,054 |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt with Conversion and Other Options Recently Issued Accounting Standards: Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements. |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
SCHEDULE OF NOTES PAYABLE | SCHEDULE OF NOTES PAYABLE Note payable June 30, 2021 December 31, 2020 Accrued Accrued Principal Interest Total Principal Interest Total Joseph B. Frost $ - $ - $ - $ 40,000 $ 22,723 $ 62,723 Joseph B. Frost - - - 500 86 586 Joseph B. Frost - - - 10,000 4,853 14,853 Joseph B. Frost - - - 13,000 6,231 19,231 Robert Kanuth - - - 1,500 88 1,588 Robert Kanuth - - - 4,200 240 4,440 Total $ - $ - $ - $ 69,200 $ 34,221 $ 103,421 |
NATURE OF OPERATIONS (Details N
NATURE OF OPERATIONS (Details Narrative) - USD ($) | Jul. 06, 2021 | Jun. 02, 2021 | May 02, 2021 | Apr. 02, 2021 | Mar. 02, 2021 | Feb. 02, 2021 | Jan. 02, 2021 | May 18, 2017 | Jul. 23, 2021 | Jun. 30, 2021 | Feb. 10, 2021 | Jan. 17, 2021 | Dec. 31, 2020 |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||||||||||
Common stock, shares authorized | 100,000,000 | 600,000,000 | 600,000,000 | 600,000,000 | |||||||||
Number of common stock shares issued | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |||||||
Preferred stock,shares issued | 0 | 0 | |||||||||||
Common stock, par value | $ 0.001 | ||||||||||||
Value of common stock shares issued | $ 2,512 | $ 2,750 | $ 5,100 | $ 8,850 | $ 3,687 | $ 1,288 | |||||||
15 Individuals [Member] | |||||||||||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||||||||||
Number of common stock shares issued | 6,102,000 | ||||||||||||
Common stock, par value | $ 0.001 | ||||||||||||
Value of common stock shares issued | $ 6,102 | ||||||||||||
Breunich Holdings, Inc., [Member] | |||||||||||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||||||||||
Percentage of shares exchanged for issued and outstanding of common stock | 100.00% | ||||||||||||
Ownership percentage | 100.00% | 100.00% | |||||||||||
Breunich Holdings, Inc., [Member] | Series A Preferred Stock [Member] | |||||||||||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||||||||||
Preferred stock,shares issued | 51 | ||||||||||||
Breunich Holdings, Inc., [Member] | Share Exchange Agreement [Member] | |||||||||||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||||||||||
Number of common stock shares issued | 295,986,724 | ||||||||||||
Breunich Holdings, Inc. Shareholders [Member] | |||||||||||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||||||||||
Percentage of common shares owned | 80.00% | ||||||||||||
Altitude Shareholders [Member] | |||||||||||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||||||||||
Percentage of common shares owned | 20.00% |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Accounting Policies [Abstract] | ||||||
Cash | $ 4,122 | $ 4,122 | ||||
Net loss | 188,842 | $ 2,985,449 | $ 74,691 | $ 106,028 | 3,174,291 | $ 180,719 |
Working capital | $ (388,054) | $ (388,054) |
SCHEDULE OF NOTES PAYABLE (Deta
SCHEDULE OF NOTES PAYABLE (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 | Nov. 05, 2018 | Aug. 10, 2018 | Jul. 30, 2018 | Mar. 02, 2018 |
Short-term Debt [Line Items] | ||||||
Accrued Principal | $ 69,200 | |||||
Accrued interest | 34,221 | |||||
Total | 103,421 | |||||
Note Payable #1 [Member] | Joseph B. Frost [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Accrued Principal | 40,000 | |||||
Accrued interest | 22,723 | |||||
Total | 62,723 | $ 40,000 | ||||
Note Payable #2 [Member] | Joseph B. Frost [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Accrued Principal | 500 | |||||
Accrued interest | 86 | |||||
Total | 586 | $ 10,000 | ||||
Note Payable #3 [Member] | Joseph B. Frost [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Accrued Principal | 10,000 | |||||
Accrued interest | 4,853 | |||||
Total | 14,853 | $ 13,000 | ||||
Note Payable #4 [Member] | Joseph B. Frost [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Accrued Principal | 13,000 | |||||
Accrued interest | 6,231 | |||||
Total | 19,231 | $ 500 | ||||
Note Payable #5 [Member] | Robert Kanuth [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Accrued Principal | 1,500 | |||||
Accrued interest | 88 | |||||
Total | 1,588 | |||||
Note Payable #6 [Member] | Robert Kanuth [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Accrued Principal | 4,200 | |||||
Accrued interest | 240 | |||||
Total | $ 4,440 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | Apr. 15, 2020 | Apr. 09, 2020 | Nov. 05, 2018 | Aug. 10, 2018 | Jul. 30, 2018 | Mar. 02, 2018 | Jun. 30, 2021 | Dec. 31, 2020 | May 05, 2020 |
Short-term Debt [Line Items] | |||||||||
Notes payable | $ 103,421 | ||||||||
Paycheck Protection Program CARES Act [Member] | |||||||||
Short-term Debt [Line Items] | |||||||||
Notes payable | 20,800 | $ 20,800 | |||||||
Joseph B. Frost [Member] | Note Payable #1 [Member] | |||||||||
Short-term Debt [Line Items] | |||||||||
Notes payable | $ 40,000 | 62,723 | |||||||
Debt instrument, interest rate | 20.00% | ||||||||
Debt instrument, term | 1 year | ||||||||
Joseph B. Frost [Member] | Note Payable #2 [Member] | |||||||||
Short-term Debt [Line Items] | |||||||||
Notes payable | $ 10,000 | 586 | |||||||
Debt instrument, interest rate | 20.00% | ||||||||
Debt instrument, term | 1 year | ||||||||
Joseph B. Frost [Member] | Note Payable #3 [Member] | |||||||||
Short-term Debt [Line Items] | |||||||||
Notes payable | $ 13,000 | 14,853 | |||||||
Debt instrument, interest rate | 20.00% | ||||||||
Debt instrument, term | 6 months | ||||||||
Joseph B. Frost [Member] | Note Payable #4 [Member] | |||||||||
Short-term Debt [Line Items] | |||||||||
Notes payable | $ 500 | $ 19,231 | |||||||
Debt instrument, interest rate | 8.00% | ||||||||
Debt instrument, term | 6 months | ||||||||
Robert Kanuth [Member] | Note Payable #19 [Member] | |||||||||
Short-term Debt [Line Items] | |||||||||
Notes payable | $ 1,500 | ||||||||
Debt instrument, interest rate | 8.00% | ||||||||
Debt instrument, term | 1 year | ||||||||
Robert Kanuth [Member] | Note Payable #20 [Member] | |||||||||
Short-term Debt [Line Items] | |||||||||
Notes payable | $ 4,200 | ||||||||
Debt instrument, interest rate | 8.00% | ||||||||
Debt instrument, term | 1 year |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Details Narrative) | Jan. 24, 2019 |
Revised Licensing Agreement [Member] | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |
Annual license fee, description | The annual license fee under the revised agreement is $1.00 per year |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Jun. 30, 2021 | Apr. 30, 2021 |
Robert Kanuth [Member] | ||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||
Due to directors | $ 20,000 | |
Accrued expenses | $ 20,395 | |
Greg Breunich [Member] | ||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||
Due to related party | $ 193,328 |
STOCKHOLDERS_ EQUITY (Details N
STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) | Jun. 02, 2021 | May 02, 2021 | Apr. 02, 2021 | Mar. 02, 2021 | Feb. 08, 2021 | Feb. 02, 2021 | Jan. 02, 2021 | Jan. 25, 2019 | May 18, 2017 | Feb. 05, 2015 | Mar. 31, 2021 | Jun. 30, 2021 | Feb. 10, 2021 | Dec. 31, 2020 |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | 5,000,000 | |||||||||||
Preferred stock, no par value | $ 0 | $ 0 | $ 0 | |||||||||||
Preferred stock, shares issued | 0 | 0 | ||||||||||||
Preferred stock, shares outstanding | 0 | 0 | ||||||||||||
Common stock, shares authorized | 100,000,000 | 600,000,000 | 600,000,000 | 600,000,000 | ||||||||||
Common stock, par value | $ 0.001 | |||||||||||||
Common stock voting rights, description | The shareholders have one vote per share of common stock. | |||||||||||||
Capital stock shares authorized | 605,000,000 | |||||||||||||
Common stock, no par value | $ 0 | $ 0 | $ 0 | |||||||||||
Number of common stock shares issued | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | ||||||||
Shares issued price per share | $ 0.201 | $ 0.22 | $ 0.408 | $ 0.708 | $ 0.295 | $ 0.103 | ||||||||
Proceeds from common stock shares issued | $ 2,512 | $ 2,750 | $ 5,100 | $ 8,850 | $ 3,687 | $ 1,288 | ||||||||
Options exercised | $ 19,250 | |||||||||||||
Common Stock, Shares, Issued | 58,659,181 | 51,487,764 | ||||||||||||
Common Stock, Shares, Outstanding | 58,659,181 | 51,487,764 | ||||||||||||
Revision of Prior Period, Adjustment [Member] | ||||||||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Common stock, shares authorized | 530,000,000 | |||||||||||||
Board Of Directors [Member] | ||||||||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Preferred stock, shares authorized | 5,000,000 | |||||||||||||
Preferred stock, no par value | $ 0 | |||||||||||||
Preferred stock voting rights description | Each share of the preferred stock is entitled to one vote and is convertible into one share of common stock. | |||||||||||||
Elizabeth K Stahl [Member] | ||||||||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Common stock issued for services | 40,000 | |||||||||||||
Robin K Walker [Member] | ||||||||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Common stock issued for services | 100,000 | |||||||||||||
Greg Whyte [Member] | ||||||||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Common stock issued for services | 1,500,000 | |||||||||||||
Greg Anthony [Member] | ||||||||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Common stock issued for services | 5,000,000 | |||||||||||||
Frost [Member] | ||||||||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Options exercised, shares | 250,000 | |||||||||||||
Stock options, exercise price | $ 0.077 | $ 0.077 | ||||||||||||
Options exercised | $ 19,250 | |||||||||||||
Stock options issued | 250,000 | |||||||||||||
Stock options, description | The options vest at a rate of 25% every six months after the grant date and expire upon termination of employment. | |||||||||||||
Fair value of options | $ 15,809 | |||||||||||||
Market price | $ 0.06 | |||||||||||||
Vincent [Member] | ||||||||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||||||||
Stock options, exercise price | $ 0.077 | |||||||||||||
Stock options issued | 250,000 | |||||||||||||
Stock options, description | The options vest at a rate of 25% every six months after the grant date and expire upon termination of employment. | |||||||||||||
Fair value of options | $ 15,809 | |||||||||||||
Market price | $ 0.06 | |||||||||||||
Amortization od stock options | $ 5,912 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - shares | Jul. 06, 2021 | Jun. 02, 2021 | May 02, 2021 | Apr. 02, 2021 | Mar. 02, 2021 | Feb. 02, 2021 | Jan. 02, 2021 | Jul. 23, 2021 |
Subsequent Event [Line Items] | ||||||||
Number of common stock shares issued | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | ||
Subsequent Event [Member] | BHI [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Ownership percentage | 100.00% | 100.00% | ||||||
Subsequent Event [Member] | Jeff Deforrest [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Number of common stock shares issued | 50,000 | |||||||
Subsequent Event [Member] | F M W Media Corp L L C [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Number of common stock shares issued | 300,000 | |||||||
Subsequent Event [Member] | Shareholders [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Number of common stock shares issued | 295,986,724 | |||||||
Subsequent Event [Member] | Greg Breunich [Member] | Series A Preferred Stock [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Number of shares issued for services | 51 |