Document and Entity Information
Document and Entity Information | 6 Months Ended |
Jun. 30, 2022 shares | |
Details | |
Registrant CIK | 0001673431 |
Fiscal Year End | --12-31 |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2022 |
Entity File Number | 333-220706 |
Entity Registrant Name | IA ENERGY CORP. |
Entity Incorporation, State or Country Code | WY |
Entity Tax Identification Number | 81-1002497 |
Entity Address, Address Line One | One World Trade Center |
Entity Address, Address Line Two | Suite 130 |
Entity Address, City or Town | Long Beach |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 90831 |
City Area Code | 310 |
Local Phone Number | 891-1959 |
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 |
Entity Ex Transition Period | false |
Entity Shell Company | true |
Entity Common Stock, Shares Outstanding | 36,603,800 |
Amendment Flag | false |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | Q2 |
Document Transition Report | false |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 176 | $ 1,156 |
TOTAL CURRENT ASSETS AND TOTAL ASSETS | 176 | 1,156 |
CURRENT LIABILITIES | ||
Accounts payable, related party | 30,000 | 27,000 |
Loans payable, related party | 252,800 | 253,300 |
Total Current Liabilities | 282,800 | 280,300 |
TOTAL LIABILITIES | 282,800 | 280,300 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred shares | 0 | 0 |
Common shares | 3,660 | 3,660 |
Additional paid-in capital | 5,758,240 | 5,758,240 |
Accumulated deficit | (6,044,524) | (6,041,044) |
Total Stockholders' Equity (Deficit) | (282,624) | (279,144) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 176 | $ 1,156 |
Balance Sheets - Parenthetical
Balance Sheets - Parenthetical - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 |
Details | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Shares, Issued | 36,603,800 | 36,603,800 |
Common Stock, Shares, Outstanding | 36,603,800 | 36,603,800 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Details | ||||
NET REVENUES | $ 0 | $ 0 | $ 0 | $ 0 |
OPERATING EXPENSES | ||||
Professional and accounting fees | 150 | 17,693 | 300 | 25,656 |
Other selling, general and administrative | 1,590 | 2,618 | 3,180 | 4,313 |
Total Operating Expenses | 1,740 | 20,311 | 3,480 | 29,969 |
LOSS FROM OPERATIONS | (1,740) | (20,311) | (3,480) | (29,969) |
OTHER INCOME (EXPENSES) | 0 | 0 | 0 | 0 |
Net Loss | $ (1,740) | $ (20,311) | $ (3,480) | $ (29,969) |
Net loss per common share - basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average common shares outstanding - basic and diluted | 36,603,800 | 36,603,800 | 36,603,800 | 36,603,800 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Deficit - USD ($) | Common Stock | Additional Paid-in Capital | Retained Earnings | Total |
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2020 | $ 3,660 | $ 5,758,240 | $ (5,997,690) | $ (235,790) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2020 | 36,603,800 | |||
Common stock issued for services | 10,000 | |||
Stock issued under Consulting Agreements, Shares | 100,000 | |||
Net Loss | $ 0 | 0 | (9,658) | (9,658) |
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2021 | $ 3,660 | 5,758,240 | (6,007,348) | (245,448) |
Shares, Outstanding, Ending Balance at Mar. 31, 2021 | 36,603,800 | |||
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2020 | $ 3,660 | 5,758,240 | (5,997,690) | (235,790) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2020 | 36,603,800 | |||
Net Loss | (29,969) | |||
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2021 | $ 3,660 | 5,758,240 | (6,027,659) | (265,759) |
Shares, Outstanding, Ending Balance at Jun. 30, 2021 | 36,603,800 | |||
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2021 | $ 3,660 | 5,758,240 | (6,007,348) | (245,448) |
Shares, Outstanding, Beginning Balance at Mar. 31, 2021 | 36,603,800 | |||
Net Loss | $ 0 | 0 | (20,311) | (20,311) |
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2021 | $ 3,660 | 5,758,240 | (6,027,659) | (265,759) |
Shares, Outstanding, Ending Balance at Jun. 30, 2021 | 36,603,800 | |||
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2021 | $ 3,660 | 5,758,240 | (6,041,044) | (279,144) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2021 | 36,603,800 | |||
Net Loss | $ 0 | 0 | (1,740) | (1,740) |
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2022 | $ 3,660 | 5,758,240 | (6,042,784) | (280,884) |
Shares, Outstanding, Ending Balance at Mar. 31, 2022 | 36,603,800 | |||
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2021 | $ 3,660 | 5,758,240 | (6,041,044) | (279,144) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2021 | 36,603,800 | |||
Net Loss | (3,480) | |||
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2022 | $ 3,660 | 5,758,240 | (6,044,524) | (282,624) |
Shares, Outstanding, Ending Balance at Jun. 30, 2022 | 36,603,800 | |||
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2022 | $ 3,660 | 5,758,240 | (6,042,784) | (280,884) |
Shares, Outstanding, Beginning Balance at Mar. 31, 2022 | 36,603,800 | |||
Net Loss | $ 0 | 0 | (1,740) | (1,740) |
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2022 | $ 3,660 | $ 5,758,240 | $ (6,044,524) | $ (282,624) |
Shares, Outstanding, Ending Balance at Jun. 30, 2022 | 36,603,800 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net Loss | $ (3,480) | $ (29,969) |
Changes in operating assets and liabilities | ||
Accounts payable, third parties | 0 | 2,877 |
Accounts payable, related party | 3,000 | 3,000 |
Net Cash Provided by (Used in) Operating Activities | (480) | (24,092) |
Net Cash Provided by (Used in) Investing Activities | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Payments on related party loans | (500) | 0 |
Proceeds from related party loans | 0 | 24,000 |
Net Cash Provided (Used) by Financing Activities | (500) | 24,000 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | (980) | (92) |
Cash and cash equivalents | 1,156 | 1,010 |
Cash and cash equivalents | 176 | 918 |
SUPPLEMENTAL CASH FLOW INFORMATION | ||
Cash Payments For: Interest | 0 | 0 |
Cash Payments For: Taxes | $ 0 | $ 0 |
NOTE 1 - ORGANIZATION AND DESCR
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS | 6 Months Ended |
Jun. 30, 2022 | |
Notes | |
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS IA Energy Corp. (the Company) was incorporated in the State of Wyoming on January 6, 2016. Our operations to date have been devoted primarily to start-up and development activities, which include: (i) formation of the Company; (ii) development of our business plan; (iii) development of our proprietary waste-to-energy technology; and (iv) marketing of our proprietary waste-to-energy technology. We have not completed development of our proprietary waste-to-energy technology and there is no assurance that we will be successful in completing the development. |
NOTE 2 - SIGNIFICANT ACCOUNTING
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2022 | |
Notes | |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. The following policies are considered to be significant: a. Accounting Method The Company recognizes income and expenses based on the accrual method of accounting. The Company has elected a calendar year-end. b. Interim Financial Statements The interim financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021 are unaudited and have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. These statements reflect all normal and recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the information contained herein. Operating results for the six months ended June 30, 2022, are not necessarily indicative of results that may be expected for the year ending December 31, 2022. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the Unites States have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended December 31, 2021 as included in our report on Form 10-K. c. Cash and Cash Equivalents Cash equivalents are generally comprised of certain highly liquid investments with original maturities of less than three months. d. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates. NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Continued) e. Revenue Recognition The Company recognizes revenue according to ASC 606, Revenue from Contracts with Customers The Company determines revenue recognition based upon the following five (5) criteria: Step 1 Identification of the contract with the customer Step 2 Identification of promised goods and services and evaluation of whether the promised goods and services are distinct performance obligations Step 3 Determination of the transaction price Step 4 Allocation of the transaction price to distinct performance obligations Step 5 Attribution of revenue for each distinct performance obligation f. Income Taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred income taxes are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which differences are expected to reverse. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that all or some portion of such deferred tax assets will not be realized. A full allowance against deferred tax assets was provided as of June 30, 2022 and December 31, 2021. At June 30, 2022, the Company had net operating loss carryforwards of approximately $669,000 which may be offset against future taxable income. Approximately $280,000 expires in 2036 and 2037 and approximately $389,000 does not expire. No tax benefit has been reported in the financial statements because the potential tax benefits of the net operating loss carryforwards are offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a significant change in ownership occur, net operating loss carryforwards may be limited as to future use. g. Basic and Diluted Net Loss per Share of Common Stock Basic net loss per common share is based on the weighted average number of shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common share equivalents outstanding during the period. For the periods presented, the issued and outstanding warrants (See Note 3) were excluded from the calculation of diluted shares outstanding as the effect of their inclusion would be anti-dilutive. h. Recent Accounting Pronouncements Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material. |
NOTE 3 - EQUITY TRANSACTIONS
NOTE 3 - EQUITY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2022 | |
Notes | |
NOTE 3 - EQUITY TRANSACTIONS | NOTE 3 - EQUITY TRANSACTIONS The Company has 500,000,000 shares of common stock authorized with a par value of $0.0001. 25,000,000 shares of common stock were issued to the founder of the Company on incorporation. On January 8, 2020, the Company issued 100,000 restricted shares of its common stock to a third party service provider in consideration of consulting services rendered to the Company. The shares were valued at $0.10 per share or $10,000 total which is included in consulting and business development expenses on the statement of operations for the three months ended March 31, 2020. Because there was no market for the common stock at January 8, 2020, the Company estimated the fair value of the issuance at the estimated fair value of the services rendered by the consultant. Warrants A summary of Warrants activity for the years ended December 31, 2020 and 2021, and for the six months ended June 30, 2022 follows: Balance, January 1, 2020 263,800 Issued in 2020 - Expired in 2020 (63,800) Balance, December 31, 2020 200,000 Issued in 2021 - Expired in 2021 (200,000) Balance, December 31, 2021 - Issued in the six months ended June 30, 2022 - Expired in the six months ended June 30, 2022 - Balance, June 30, 2022 - Each Warrant was exercisable into shares of our common stock at an exercise price of $1.00 per share and expired two years from the date of its issuance. As of June 30, 2022, there were a total of -0-Warrants outstanding. |
NOTE 4 - FINANCIAL INSTRUMENTS
NOTE 4 - FINANCIAL INSTRUMENTS | 6 Months Ended |
Jun. 30, 2022 | |
Notes | |
NOTE 4 - FINANCIAL INSTRUMENTS | NOTE 4 - FINANCIAL INSTRUMENTS Our financial instruments consist of cash and cash equivalents, accounts payable and loans payable. The carrying amount of these assets and liabilities approximates fair value due to their short-term nature. |
NOTE 5 - GOING CONCERN
NOTE 5 - GOING CONCERN | 6 Months Ended |
Jun. 30, 2022 | |
Notes | |
NOTE 5 - GOING CONCERN | NOTE 5 - GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has sustained significant net losses which have resulted in an accumulated deficit at June 30, 2022 of $6,044,524 and has experienced periodic cash flow difficulties, all of which raise substantial doubt regarding the Company’s ability to continue as a going concern. Continuation of the Company as a going concern is dependent upon obtaining additional working capital. The management of the Company has developed a strategy which it believes will accomplish this objective through short term loans from related parties and additional equity investments which will enable the Company to continue operations for the coming year. However, there is no assurance that these objectives will be met. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from the outcome of this uncertainty. |
NOTE 6 - RELATED PARTY TRANSACT
NOTE 6 - RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2022 | |
Notes | |
NOTE 6 - RELATED PARTY TRANSACTIONS | NOTE 6 - RELATED PARTY TRANSACTIONS Loans Payable, Related Party The Company periodically receives advances from a corporation controlled by John Munoz, beneficial owner of 25,000,000 shares of our common stock and Chief Executive Officer of the Company from inception on January 6, 2016 to July 25, 2017. These loans are non-interest bearing and due on demand. The amount of loans payable to this corporation as of June 30, 2022 and December 31, 2021 was $252,800 and $253,300, respectively. Sublease Agreement On July 1, 2017, the Company entered into a Sublease Agreement with another corporation controlled by John Munoz. The Sublease Agreement provided for the Company’s use of office space in Harbor City, California at a Monthly Base Rent of $500 per month. The term of the Sublease commenced on July 1, 2017 and ended October 31, 2019. Effective November 1, 2019, the Company entered into a Sublease Agreement with the related party described in the first paragraph of Note 6 for the Company’s use of office space in Long Beach, California at a Monthly Base Rent of $500 per month. The Sublease is month to month and terminable by either party upon 30 days written notice. For the six months ended June 30, 2022 and 2021, the Company recorded $3,000 and $3,000, respectively, in rent expense which is included in other selling, general and administrative expenses. |
NOTE 2 - SIGNIFICANT ACCOUNTI_2
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: A. Accounting Method (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Policies | |
A. Accounting Method | a. Accounting Method The Company recognizes income and expenses based on the accrual method of accounting. The Company has elected a calendar year-end. |
NOTE 2 - SIGNIFICANT ACCOUNTI_3
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: B. Interim Financial Statements (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Policies | |
B. Interim Financial Statements | b. Interim Financial Statements The interim financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021 are unaudited and have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. These statements reflect all normal and recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the information contained herein. Operating results for the six months ended June 30, 2022, are not necessarily indicative of results that may be expected for the year ending December 31, 2022. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the Unites States have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended December 31, 2021 as included in our report on Form 10-K. |
NOTE 2 - SIGNIFICANT ACCOUNTI_4
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: C. Cash and Cash Equivalents (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Policies | |
C. Cash and Cash Equivalents | c. Cash and Cash Equivalents Cash equivalents are generally comprised of certain highly liquid investments with original maturities of less than three months. |
NOTE 2 - SIGNIFICANT ACCOUNTI_5
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: D. Use of Estimates in the Preparation of Financial Statements (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Policies | |
D. Use of Estimates in the Preparation of Financial Statements | d. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates. |
NOTE 2 - SIGNIFICANT ACCOUNTI_6
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: E. Revenue Recognition (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Policies | |
E. Revenue Recognition | e. Revenue Recognition The Company recognizes revenue according to ASC 606, Revenue from Contracts with Customers The Company determines revenue recognition based upon the following five (5) criteria: Step 1 Identification of the contract with the customer Step 2 Identification of promised goods and services and evaluation of whether the promised goods and services are distinct performance obligations Step 3 Determination of the transaction price Step 4 Allocation of the transaction price to distinct performance obligations Step 5 Attribution of revenue for each distinct performance obligation |
NOTE 2 - SIGNIFICANT ACCOUNTI_7
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: F. Income Taxes (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Policies | |
F. Income Taxes | f. Income Taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred income taxes are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which differences are expected to reverse. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that all or some portion of such deferred tax assets will not be realized. A full allowance against deferred tax assets was provided as of June 30, 2022 and December 31, 2021. At June 30, 2022, the Company had net operating loss carryforwards of approximately $669,000 which may be offset against future taxable income. Approximately $280,000 expires in 2036 and 2037 and approximately $389,000 does not expire. No tax benefit has been reported in the financial statements because the potential tax benefits of the net operating loss carryforwards are offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a significant change in ownership occur, net operating loss carryforwards may be limited as to future use. |
NOTE 2 - SIGNIFICANT ACCOUNTI_8
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: G. Basic and Diluted Net Loss per Share of Common Stock (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Policies | |
G. Basic and Diluted Net Loss per Share of Common Stock | g. Basic and Diluted Net Loss per Share of Common Stock Basic net loss per common share is based on the weighted average number of shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common share equivalents outstanding during the period. For the periods presented, the issued and outstanding warrants (See Note 3) were excluded from the calculation of diluted shares outstanding as the effect of their inclusion would be anti-dilutive. |
NOTE 2 - SIGNIFICANT ACCOUNTI_9
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: H. Recent Accounting Pronouncements (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Policies | |
H. Recent Accounting Pronouncements | h. Recent Accounting Pronouncements Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material. |
NOTE 3 - EQUITY TRANSACTIONS_ S
NOTE 3 - EQUITY TRANSACTIONS: Schedule of Share-based Compensation, Stock Options, Activity (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Tables/Schedules | |
Schedule of Share-based Compensation, Stock Options, Activity | Balance, January 1, 2020 263,800 Issued in 2020 - Expired in 2020 (63,800) Balance, December 31, 2020 200,000 Issued in 2021 - Expired in 2021 (200,000) Balance, December 31, 2021 - Issued in the six months ended June 30, 2022 - Expired in the six months ended June 30, 2022 - Balance, June 30, 2022 - |
NOTE 3 - EQUITY TRANSACTIONS (D
NOTE 3 - EQUITY TRANSACTIONS (Details) - USD ($) | 3 Months Ended | 19 Months Ended | ||
Mar. 31, 2021 | Jul. 25, 2017 | Jun. 30, 2022 | Dec. 31, 2021 | |
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | ||
Common stock issued for services | $ 10,000 | |||
Common Stock | ||||
Stock issued under Consulting Agreements, Shares | 100,000 | |||
Beneficial Owner | ||||
Advance from a Corporation in Shares | 25,000,000 |
NOTE 3 - EQUITY TRANSACTIONS__2
NOTE 3 - EQUITY TRANSACTIONS: Schedule of Share-based Compensation, Stock Options, Activity (Details) - shares | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Details | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | 0 | 0 | 200,000 | 263,800 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures | 0 | 0 | 0 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period | 0 | (200,000) | (63,800) |
NOTE 5 - GOING CONCERN (Details
NOTE 5 - GOING CONCERN (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Details | ||
Accumulated deficit | $ 6,044,524 | $ 6,041,044 |
NOTE 6 - RELATED PARTY TRANSA_2
NOTE 6 - RELATED PARTY TRANSACTIONS (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 19 Months Ended | 28 Months Ended | 32 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Jul. 25, 2017 | Oct. 31, 2019 | Jun. 30, 2022 | Dec. 31, 2021 | |
Loans payable, related party | $ 252,800 | $ 252,800 | $ 252,800 | $ 253,300 | ||||
Other selling, general and administrative | 1,590 | $ 2,618 | 3,180 | $ 4,313 | ||||
Beneficial Owner | ||||||||
Advance from a Corporation in Shares | 25,000,000 | |||||||
Loans payable, related party | $ 252,800 | 252,800 | 252,800 | $ 253,300 | ||||
Sublease Agreement - Harbor City, CA | ||||||||
Monthly Base Rent | $ 500 | |||||||
Sublease Agreement - Long Beach, CA | ||||||||
Monthly Base Rent | $ 500 | |||||||
Sublease Agreement | ||||||||
Other selling, general and administrative | $ 3,000 | $ 3,000 |