Vision Energy (VENG) 10-Q 10 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 10, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-55802
Entity Registrant Name	VISION HYDROGEN CORPORATION
Entity Central Index Key	0001676580
Entity Tax Identification Number	47-4823945
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	95 Christopher Columbus Drive
Entity Address, Address Line Two	16th Floor
Entity Address, City or Town	Jersey City
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07302
City Area Code	(551)
Local Phone Number	298-3600
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		21,048,776

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 6,270,678	$ 137,839
Prepaid expenses	18,940	12,374
Sales tax receivable	3,624
Current assets held for sale		93,602
Total current assets	6,293,242	243,815
Website development costs, net	22,271	25,233
Non-current assets held for sale		129,552
Total non-current assets	22,271	154,785
Total assets	6,315,513	398,600
Current liabilities
Accounts payable and accrued expenses	87,276	43,062
Current liabilities held for sale		507,273
Total current liabilities	87,276	550,335
Noncurrent liabilities
Non-current liabilities held for sale		66,655
Total noncurrent liabilities		66,655
Total liabilities	87,276	616,990
Stockholders’ equity (deficit)
Preferred stock - $0.0001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding
Common stock - $0.0001 par value; 100,000,000 shares authorized; 21,048,776 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	2,104	2,131
Additional paid-in capital	24,441,120	4,218,829
Accumulated deficit	(18,206,073)	(4,473,739)
Accumulated other comprehensive gain	(8,914)	34,389
Total stockholders’ equity (deficit)	6,228,237	(218,390)
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)	$ 6,315,513	$ 398,600

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	21,048,776	21,048,776
Common stock, shares outstanding	21,048,776	21,048,776

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Sales
Total revenue
Cost of goods sold
Direct costs
Total cost of goods sold
Gross profit
Operating expenses
General and administrative expenses	7,920,856	169,794	8,043,777	259,335
Transactional fees paid to related party	4,120,145		4,120,145
Management fees – related party	315,000	33,750	540,000	67,500
Total operating expenses	12,356,001	203,544	12,703,922	326,835
Loss from operations	(12,356,001)	(203,544)	(12,703,922)	(326,835)
Other (income) expenses
Interest expense			324
Loan forgiveness				(20,000)
Total other expenses			324	(20,000)
Net loss from continuing operations	(12,356,001)	(203,544)	(12,704,246)	(306,835)
Net loss from discontinued operations (note 12)	(418,971)		(1,028,088)
Net loss	(12,774,972)	(203,544)	(13,732,334)	(306,835)
Other comprehensive income, net
Foreign currency translation adjustment	(21,103)		(8,914)
Comprehensive loss	$ (12,796,075)	$ (203,544)	$ (13,741,248)	$ (306,835)
Loss per share (continuing operations)
Basic	$ (0.58)	$ (0.02)	$ (0.60)	$ (0.03)
Loss per share (discontinued operations)
Basic	$ (0.02)		$ (0.05)
Weighted average common shares outstanding
Basic and diluted	21,316,958	12,900,379	21,077,129	10,689,096

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance at Dec. 31, 2020	$ 40		$ 3,059,846	$ (3,485,302)		$ (425,416)
Beginning balance, shares at Dec. 31, 2020	397,867
Equity financing	$ 950		1,781,303			1,782,253
Equity financing, shares	9,500,000
Conversion of related party debt to equity	$ 300		596,447			596,747
Conversion of related party debt to equity, shares	3,000,000
Net loss				(103,291)		(103,291)
Ending balance at Mar. 31, 2021	$ 1,290		5,437,596	(3,588,593)		1,850,293
Ending balance, shares at Mar. 31, 2021	12,897,867
Beginning balance at Dec. 31, 2020	$ 40		3,059,846	(3,485,302)		(425,416)
Beginning balance, shares at Dec. 31, 2020	397,867
Net loss						(306,835)
Ending balance at Jun. 30, 2021	$ 1,290		5,512,596	(3,792,317)		1,721,749
Ending balance, shares at Jun. 30, 2021	12,902,867
Beginning balance at Mar. 31, 2021	$ 1,290		5,437,596	(3,588,593)		1,850,293
Beginning balance, shares at Mar. 31, 2021	12,897,867
Net loss				(203,544)		(203,544)
Stock based compensation			75,000			75,000
Stock based compensation, shares	5,000
Ending balance at Jun. 30, 2021	$ 1,290		5,512,596	(3,792,317)		1,721,749
Ending balance, shares at Jun. 30, 2021	12,902,867
Beginning balance at Dec. 31, 2021	$ 2,131		4,218,829	(4,473,739)	34,389	(218,390)
Beginning balance, shares at Dec. 31, 2021	21,316,958
Net loss				(957,362)		(957,362)
Foreign currency translation adjustment					12,189	12,189
Ending balance at Mar. 31, 2022	$ 2,131		4,218,829	(5,431,101)	46,758	(1,163,563)
Ending balance, shares at Mar. 31, 2022	21,316,958
Beginning balance at Dec. 31, 2021	$ 2,131		4,218,829	(4,473,739)	34,389	(218,390)
Beginning balance, shares at Dec. 31, 2021	21,316,958
Conversion of related party debt to equity						596,747
Net loss						(13,732,334)
Ending balance at Jun. 30, 2022	$ 2,104		24,441,120	(18,206,073)	(8,914)	6,228,237
Ending balance, shares at Jun. 30, 2022	21,048,776
Beginning balance at Mar. 31, 2022	$ 2,131		4,218,829	(5,431,101)	46,758	(1,163,563)
Beginning balance, shares at Mar. 31, 2022	21,316,958
Net loss				(12,774,972)		(12,774,972)
Foreign currency translation adjustment					(8,914)	(8,914)
Sale of Dutch asset	$ (177)		12,602,441		(107,473)	12,494,791
Shares returned to treasury, Dutch Properties sale, shares	(1,768,182)
Stock issuance ETBV acquisition	$ 150		7,619,850			7,620,000
Stock issuance ETBV acquistion, shares	1,500,000
Foreign currency translation through sale of Dutch asset					60,895	60,895
Ending balance at Jun. 30, 2022	$ 2,104		$ 24,441,120	$ (18,206,073)	$ (8,914)	$ 6,228,237
Ending balance, shares at Jun. 30, 2022	21,048,776

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) from continuing operations	$ (13,732,334)	$ (306,835)
Adjustments to reconcile net loss to net cash used in operating activities:
Issuance of stock - net	7,620,000
Asset purchase consideration	3,557,945
Stock based compensation		75,000
Depreciation and amortization	2,962
Loan forgivness		(20,000)
Change in operating assets and liabilities:
Other current assets		70,000
Sales tax receivable	(680)
Prepaid expenses and other costs	(6,566)	6,500
Accounts payable and accrued expenses	(223,567)	(48,596)
Net cash (used) in operating activities - continuing operations	(2,782,240)	(223,931)
Net cash provided by operating activities - discontinued operations	971,694
Net cash used in operating activities	(1,810,546)	(223,931)
CASH FLOWS FROM INVESTING ACTIVITIES
Loan to VoltH2		(600,000)
Cash paid - website development costs		(19,615)
Cash paid in asset acquisition - related party, net	(3,281,974)
Cash acquired in sale of subsidiaries	11,184,512
Net cash provided by operating activities - continuing operations	7,902,538	(619,615)
Net cash provided by (used in) operating activities - discontinued operations
Net cash used in investing activities	7,902,538	(619,615)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party notes	96,614
Proceeds from equity financing, bet of issuance costs		1,782,253
Principal repayment of related party debt	(94,709)
Proceeds from issuance of convertible debt
Repayment of debt
Net cash provided by (used in) financing activities - continuing operations	1,905	1,782,253
Net cash provided by (used in) financing activities - discontinued operations
Net cash provided by (used in) financing activities	1,905	1,782,253
Net (decrease) increase in cash and cash equivalents	6,093,897	938,707
Effect of foreign currency translation on cash	38,942
Cash and cash equivalents, beginning of period	137,839	7,102
Cash and cash equivalents, end of period	6,270,678	945,809
Supplemental disclosure of non-cash investing and financing activities
‘Conversion of debt and accrued interest		$ 596,747

ORGANIZATION AND LINE OF BUSINE

ORGANIZATION AND LINE OF BUSINESS	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
ORGANIZATION AND LINE OF BUSINESS	1. ORGANIZATION AND LINE OF BUSINESS Vision Hydrogen Corporation (the “Company”) was incorporated in the state of Nevada on August 17, 2015 as H/Cell Energy Corporation and is based in Jersey City, New Jersey. The Company changed its name to Vision Hydrogen Corporation in October 2020. On November 8, 2021, we entered into a Stock Purchase Agreement (the “Purchase Agreement”) with VoltH2 Holdings AG (“VoltH2”), a Swiss corporation, and the other shareholders of VoltH2 (each, a “Seller”, and together, the “Sellers”) pursuant to which we acquired VoltH2 (the “Acquisition”). VoltH2 is a European-based developer of clean hydrogen production facilities for the supply of commercial offtake volumes of clean hydrogen to manufacturers, gas and power traders, industrial consumers, and both heavy and marine transportation sectors that have pivoted away from carbon emitting energy sources and fuels. Pursuant to the Purchase Agreement, we acquired an 84.1 15.9 100 8,409,091 1,768,182 The VoltH2 acquisition was accounted for as an asset acquisition with no step up basis due to the 15.9 15.9 8,409,091 11 1,340,426 93,840,427 On May 6, 2022, we, through our wholly owned Swiss subsidiary, VoltH2 Holdings AG (“VoltH2”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with Volt Energy BV (the “Purchaser”) pursuant to which we agreed to sell our 100 11,250,000 1,768,182 On May 11, 2022 pursuant to the Purchase Agreement, VoltH2 sold our Dutch Projects to the Purchaser by transferring to the Purchaser our 100% interests in VoltH2 Vlissingen BV, VoltH2 Terneuzen BV and VoltH2 Operating BV (the “Sale”) in exchange for the Purchase Price. In connection with the Sale, on May 12, 2022, Andre Jurres, who owns the Purchaser, resigned as our Co-Chief Executive Officer, member of our board of directors, and from all other positions with us and our subsidiary VoltH2. Mr. Jurres’ resignation was not due to any disagreement on any matter relating to our operations, policies or practices. Following the Sale, we will be continuing to prosecute our business model, developing hydrogen-centered renewable energy production facilities for the commercial, industrial and transportation sectors. We have retained our goodwill and corporate franchise. On May 30, 2022, we entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Evolution Terminals B.V., a Dutch corporation (“EVO”), and EVO’s sole shareholder First Finance Europe Ltd., a UK company (“First Finance”), pursuant to which we acquired EVO (the “Acquisition”) for a purchase price of $ 3,500,000 1,500,000 14 hectare port development project for the storage and distribution located in Vlissingen (Flushing) at the mouth of the Westerschelde estuary in the Netherlands. First Finance is controlled by our Chief Executive Officer. The transaction was considered and approved by a committee comprised of our independent directors. VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Going Concern At each reporting period, the Company evaluates whether there are conditions or events that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. The Company’s evaluation entails analyzing prospective operating budgets and forecasts for expectations of the Company’s cash needs and comparing those needs to the current cash and cash equivalent balances. The Company is required to make certain additional disclosures if it concludes substantial doubt exists and it is not alleviated by the Company’s plans or when its plans alleviate substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. These condensed consolidated financial statements do not include any adjustments to the specific amounts and classifications of assets and liabilities, which might be necessary should the Company be unable to continue as a going concern. As reflected in the quarterly financial statements, the Company had a net loss from continuing operations of $ 12,704,246 2,782,240 Even though through the sale of the Dutch Properties for $11,250,000 the Company has proven a sustainable business model, it still is representing a net loss year to date. Management has evaluated the significance of these conditions and under these circumstances these conditions raise substantial doubt about the ability to continue as a going concern. To alleviate these concerns Vision is planning an equity raise in 2022 as well as continuing to develop and evaluate it’s newest asset and ways to monetize the project.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and following the requirements of the Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP can be condensed or omitted. These interim financial statements have been prepared on the same basis as the Company’s annual financial statements and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair statement of the Company’s financial information. These interim results are not necessarily indicative of the results to be expected for the year ending December 31, 2022 or any other interim period or for any other future year. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto for the year ended December 31, 2021, included in the Company’s 2021 Annual Report on Form 10-K filed with the SEC. The balance sheet as of December 30, 2021 has been derived from audited financial statements at that date but does not include all of the information required by U.S. GAAP for complete financial statements. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Actual results could differ from those estimates. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable in the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Reclassification Certain prior period amounts have been reclassified to conform to current period presentation specifically as it relates to the reclassification of assets, liabilities, operating results and cash flows. Comprehensive Gain/Loss Comprehensive loss consists of two components, net loss and other comprehensive loss. The Company’s other comprehensive loss is comprised of foreign currency translation adjustments. The balance of accumulated other comprehensive gain is $ 0 as of June 30, 2022 and For the three month and six months ended June 30 2022 the Company recorded comprehensive gain of $ 257 11,932 no Currency Translation The Company translates its foreign subsidiary’s assets and liabilities denominated in foreign currencies into U.S. dollars at current rates of exchange as of the balance sheet date and income and expense items at the average exchange rate for the reporting period. Translation adjustments resulting from exchange rate fluctuations are recorded in accumulated other comprehensive income. The Company records gains and losses from changes in exchange rates on transactions denominated in currencies other than each reporting location’s functional currency in net income (loss) for each period. Items included in the financial statements of each entity in the group are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The functional and reporting currency of the Company is the United States Dollar (“U.S. Dollar”). VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Website Development Costs Website development costs were for a new company website created in 2021 and are amortized over 3 years. Leases Please see note 5. Property and Equipment, and Depreciation Property and equipment are stated at cost. Depreciation is generally provided using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized on a straight-line basis over the shorter of the remaining term of the lease or the estimated useful life of the improvement. Repairs and maintenance that do not improve or extend the lives of the property and equipment are charged to expense as incurred. Income Taxes The Company uses the asset and liability method of accounting for income taxes pursuant to Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) 740, Income Taxes The determination of the Company’s provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. Significant judgment is required in assessing the timing and amounts of deductible and taxable items and the probability of sustaining uncertain tax positions. The benefits of uncertain tax positions are recorded in the Company’s financial statements only after determining a more-likely-than-not probability that the uncertain tax positions will withstand challenge, if any, from taxing authorities. When facts and circumstances change, the Company reassesses these probabilities and records any changes in the financial statements as appropriate. Accrued interest and penalties related to income tax matters are classified as a component of income tax expense. The Company recognizes and measures its unrecognized tax benefits in accordance with ASC 740. Under that guidance, management assesses the likelihood that tax positions will be sustained upon examination based on the facts, circumstances and information, including the technical merits of those positions, available at the end of each period. The measurement of unrecognized tax benefits is adjusted when new information is available, or when an event occurs that requires a change. The Company did not identify any material uncertain tax positions. The Company did not recognize any interest or penalties for unrecognized tax benefits. The federal income tax returns of the Company are subject to examination by the IRS, generally for the three years after they are filed. The Company’s 2021, 2020, and 2019 income tax returns are still open for examination by the taxing authorities. VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Asset acquisitions Asset acquisitions are measured based on their cost to us, including transaction costs incurred by us. An asset acquisition’s cost or the consideration transferred by us is assumed to be equal to the fair value of the net assets acquired. If the consideration transferred is cash, measurement is based on the amount of cash we paid to the seller, as well as transaction costs incurred by us. Consideration given in the form of nonmonetary assets, liabilities incurred or equity interests issued is measured based on either the cost to us or the fair value of the assets or net assets acquired, whichever is more clearly evident. The cost of an asset acquisition is allocated to the assets acquired based on their estimated relative fair values. We engage third-party appraisal firms to assist in the fair value determination of inventories, identifiable long-lived assets and identifiable intangible assets. Goodwill is not recognized in an asset acquisition.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	3. RELATED PARTY TRANSACTIONS The Company has entered into agreements to indemnify its directors and executive officers, in addition to the indemnification provided for in the Company’s articles of incorporation and bylaws. These agreements, among other things, provide for indemnification of the Company’s directors and executive officers for certain expenses (including attorneys’ fees), judgments, fines and settlement amounts incurred by any such person in any action or proceeding, including any action by or in the right of the Company, arising out of such person’s services as a director or executive officer of the Company, any subsidiary of the Company or any other company or enterprise to which the person provided services at the Company’s request. The Company believes that these provisions and agreements are necessary to attract and retain qualified persons as directors and executive officers. There was $ 50,000 33,750 125,000 67,500 There were $ 0 89,605 0 There was $ 265,000 0 415,000 0 On June 19, 2020, the Company entered into a Promissory Note with Judd Brammah, a director of the Company, for a principal amount up to $ 230,332 6 June 19, 2021 Effective July 17, 2020, Judd Brammah lent the Company $ 50,000 6 June 19, 2021 Effective July 22, 2020, Judd Brammah lent the Company $ 299,900 6 June 19, 2021 16,515 no On January 29, 2021, Judd Brammah converted his note and interest payable totaling $ 596,747 3,253 600,000 3,000,000 On November 8, 2021, the Company entered into a services agreement (the “Turquino Services Agreement”) with Turquino Equity LLC providing for payment of $ 25,000 On November 8, 2021, we entered into a Stock Purchase Agreement (the “Purchase Agreement”) with VoltH2 Holdings AG (“VoltH2”), a Swiss corporation, and the other shareholders of VoltH2 (each, a “Seller”, and together, the “Sellers”) pursuant to which we acquired VoltH2 (the “Acquisition”). First Finance Limited Europe which is an investment firm of which CEO Andrew Hromyk is a principal owned 725,000 On March 21, 2022 Century Capital Management loaned the Company $ 60,000 18 VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 On March 25, 2022 Volt Energy BV loaned the Company $ 36,614 2 On May 6, 2022, we, through our wholly owned Swiss subsidiary, VoltH2 Holdings AG (“VoltH2”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with Volt Energy BV (the “Purchaser”) pursuant to which we agreed to sell our 100% interest in our Vlissingen green hydrogen development project and our 50% interest in our Terneuzen green hydrogen development project and related assets (the “Dutch Projects”) to the Purchaser in exchange for $ 11,250,000 1,768,182 In connection with the Sale of our Dutch Properties on May 11, 2022, our board of directors authorized the payment of a success fee of $ 562,500 expensed and included in management fees related party for both the three and six months ended June 30, 2022. On May 22, 2022, our board of directors approved entry and we entered into an Employment Agreement with Matthew Hidalgo, our Chief Financial Officer, effective May 9, 2022. Mr. Hidalgo previously provided services as our Chief Financial Officer pursuant to a services agreement we entered into with Turquino Equity LLC on November 8, 2021, which provided for payment of $ 25,000 There was $ 27,000 On May 30, 2022, we entered into a Stock Purchase Agreement with Evolution Terminals B.V., a Dutch corporation (“EVO”), and EVO’s sole shareholder First Finance Europe Ltd., an entity controlled by our Andrew Hromyk, our Chief Executive Officer , pursuant to which we acquired EVO for a purchase price of $ 3,500,000 1,500,000

SIGNIFICANT CONCENTRATIONS OF C

SIGNIFICANT CONCENTRATIONS OF CREDIT RISK	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
SIGNIFICANT CONCENTRATIONS OF CREDIT RISK	4. SIGNIFICANT CONCENTRATIONS OF CREDIT RISK Cash is maintained at an authorized deposit-taking institution (bank) incorporated in the United States and The Netherlands is insured by the U.S. Federal Deposit Insurance Corporation and the Dutch Central Bank up to $ 250,000 114,000 5,571,335 335,343

LEASES

LEASES	6 Months Ended
	Jun. 30, 2022
Leases
LEASES	5. LEASES Operating Leases For leases with a term of 12 months or less, the Company is permitted to make and has made an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities, and we recognize lease expense for such leases on a straight-line basis over the lease term. The Company maintains its principal office at 95 Christopher Columbus Drive, 16 th 99 Right of use assets represent the right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease right of use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease right of use asset also excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. In determining the discount rate to use in calculating the present value of lease payments, the Company estimates the rate of interest it would pay on a collateralized loan with the same payment terms as the lease by utilizing bond yields traded in the secondary market to determine the estimated cost of funds for the particular tenor. Upon the purchase of Volt on November 8, 2021 the Company acquired a lease for new office space in the Netherlands, for a term of three years. The Company analyzed this lease and determined that this agreement meets the definition of a lease under ASU 2016-02 as it provides management with the exclusive right to direct the use of and obtain substantially all of the economic benefits from the identified leased asset, which is the office space. Management also analyzed the terms of this arrangement and concluded it should be classified as an operating lease, as none of the criteria were met for finance lease classification. As there was only one identified asset, no allocation of the lease payments was deemed necessary. Management did not incur any initial direct costs associated with this lease. As of the commencement date, a right of use asset and lease liability of $ 102,331 4 VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 There are no future payments on the lease due to the sale of the Dutch Properties. Rent expense for the three and six months ended June 31, 2022 and June 30, 2021 was $ 342 684 Finance Leases As of June 30, 2022 and December 31, 2021, the Company had no

STOCK OPTIONS AWARDS AND GRANTS

STOCK OPTIONS AWARDS AND GRANTS	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK OPTIONS AWARDS AND GRANTS	6. STOCK OPTIONS AWARDS AND GRANTS There was no stock option activity from the 2016 Incentive Stock Option Plan from January 1, 2022 to June 30, 2022. As of June 30, 2022, there was no

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	7. NOTES PAYABLE Paycheck Protection Program Loan On May 5, 2020, the Company entered into a term note with Comerica Bank, with a principal amount of $ 20,000 The PPP Loan is evidenced by a promissory note. The PPP Term Note bears interest at a fixed annual rate of 1.00 The PPP Term Note is unsecured and guaranteed by the United States Small Business Administration. On January 21, 2021, the PPP Term Note was fully forgiven and as a result, the Company recorded a gain on the forgiveness in accordance with ASC-470. Director Related Party Note On June 19, 2020, the Company entered into a promissory note with Judd Brammah, a director of the Company, for the principal amount up to $ 230,332 6 The entire principal and interest upon the promissory note were due on June 19, 2021 Effective July 17, 2020, Judd Brammah lent the Company $ 50,000 6 June 19, 2021 628 299,900 6 June 19, 2021 On January 29, 2021, Judd Brammah converted his note and interest payable totaling $ 596,747 3,253 600,000 3,000,000

CAPITAL RAISE

CAPITAL RAISE	6 Months Ended
	Jun. 30, 2022
Capital Raise
CAPITAL RAISE	8 . CAPITAL RAISE In October 2020, the Company filed a registration statement on Form S-1 with the Securities and Exchange Commission, whereby the Company registered 12,500,000 12,500,000 2,500,000 596,747 1,903,253 70,000 51,000 VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2022
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	9. RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02 and issued subsequent amendments to the initial guidance thereafter. This ASU requires an entity to recognize a right of use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification of the underlying lease as either finance or operating. Similar modifications have been made to lessor accounting in-line with revenue recognition guidance. The amendments also require certain quantitative and qualitative disclosures about leasing arrangements. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The new standard was effective for the Company on January 1, 2019. Entities are required to adopt ASU 2016-02 using a modified retrospective transition method. Full retrospective transition is prohibited. The guidance permits an entity to apply the standard’s transition provisions at either the beginning of the earliest comparative period presented in the financial statements or the beginning of the period of adoption (i.e., on the effective date). The Company adopted the new standard on its effective date. In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (ASC 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 simplifies the accounting for nonemployee share-based payment transactions. Consequently, the accounting for share-based payments to nonemployees and employees will be substantially aligned. The new standard will become effective for the Company beginning January 1, 2019, with early adoption permitted. The Company has adopted this standard and has no impact on its consolidated financial statements and disclosures. In August 2018, the FASB issue ASU 2018-13, Fair Value Measurement (ASC 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The new standard will become effective for the Company January 1, 2020, with early adoption permitted. The Company has adopted this standard and has no impact on its consolidated financial statements and disclosures. In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivative and Hedging (Topic 815), which clarifies the interaction of rules for equity securities, the equity method of accounting, and forward contracts and purchase options on certain types of securities. The guidance clarifies how to account for the transition into and out of the equity method of accounting when considering observable transactions under the measurement alternative. The ASU is effective for annual reporting periods beginning after December 15, 2020, including interim reporting periods within those annual periods, with early adoption permitted. The Company has adopted this standard and there is no impact on the current financial statements. In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. This ASU amends the guidance on convertible instruments and the derivatives scope exception for contracts in an entity’s own equity, and also improves and amends the related EPS guidance for both Subtopics. The ASU will be effective for annual reporting periods after December 15, 2021 and interim periods within those annual periods and early adoption is permitted. The Company has not yet adopted this standard and there is no impact expected on the current financial statements.

NOTES RECEIVABLE

NOTES RECEIVABLE	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
NOTES RECEIVABLE	10. NOTES RECEIVABLE Effective June 7, 2021, we loaned VoltH2 $ 100,000 16 VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Effective June 28, 2021, we loaned VoltH2 $ 500,000 16 Effective August 25, 2021, we loaned VoltH2 $ 500,000 Effective August 25, 2021, we entered into an amendment (the “June 7 Amendment”) to a promissory note issued to VoltH2 on June 7, 2021 (The “June 7 Note”), pursuant to which the Payment Date (as defined in the June 7 Note) was changed from September 1, 2021 to November 1, 2021. Our Board of Directors approved the foregoing amendment. Effective August 25, 2021, we entered into an amendment (the “June 28 Amendment”) to a promissory note issued to VoltH2 on June 28, 2021 (The “June 28 Note”), pursuant to which the Payment Date (as defined in the June 28 Note) was changed from September 1, 2021 to November 1, 2021. Our Board of Directors approved the foregoing amendment. As of November 8, 2021 as a result of the acquisition of a 100

ASSET ACQUISITION

ASSET ACQUISITION	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
ASSET ACQUISITION	11. ASSET ACQUISITION On November 8, 2021, we entered into a Stock Purchase Agreement (the “Purchase Agreement”) with VoltH2 Holdings AG (“VoltH2”), a Swiss corporation, and the other shareholders of VoltH2 (each, a “Seller”, and together, the “Sellers”) pursuant to which we acquired VoltH2 (the “Acquisition”). VoltH2 is a European-based developer of clean hydrogen production facilities for the supply of commercial offtake volumes of clean hydrogen to manufacturers, gas and power traders, industrial consumers, and both heavy and marine transportation sectors that have pivoted away from carbon emitting energy sources and fuels. Pursuant to the Purchase Agreement, we acquired an 84.1 15.9 100 8,409,091 11 1,768,182 The VoltH2 acquisition was accounted for as an asset acquisition with no step up basis due to the 15.9 8,409,091 11 1,340,426 93,840,427 There was no Pro forma results for Vision. giving effect to the Volt. acquisition The following pro forma financial information presents the combined results of operations of Volt and the Company for the three and six months ended June 31, 2021. The pro forma financial information presents the results as if the acquisition had occurred as of the beginning of 2021. VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 The unaudited pro forma results presented include amortization charges for acquired intangible assets, interest expense and stock-based compensation expense. Pro forma financial information is presented for informational purposes and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place as of the beginning of 2021. SCHEDULE OF PRO FORMA FINANCIAL INFORMATION Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Revenues $ - $ - Net income (loss) $ (353,248 ) $ (590,181 ) Net income per share: Basic $ (0.04 ) $ (0.08 )

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	12. DISCONTINUED OPERATIONS On May 6, 2022, we, through our wholly owned subsidiary, VoltH2 Holdings AG (“VoltH2”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with Volt Energy BV (the “Purchaser”) pursuant to which we agreed to sell our 100% interest in our Vlissingen green hydrogen development project and our 50% interest in our Terneuzen green hydrogen development project and related assets (the “Dutch Projects”) to the Purchaser in exchange for $ 11,250,000 and the 1,768,182 shares of our common stock held by the Purchaser (the “Purchase Price”). On May 11, 2022 pursuant to the Purchase Agreement, VoltH2 sold our Dutch Projects to the Purchaser by transferring to the Purchaser our 100% interests in VoltH2 Vlissingen BV, VoltH2 Terneuzen BV and VoltH2 Operating BV (the “Sale”) in exchange for the Purchase Price. There was $ 623,078 in costs related to the disposition. Due to the related party nature of the transaction the $ 11,250,000 The results of discontinued operations are as follows: SCHEDULE OF DISCONTINUED OPERATIONS Three months ended June 30, 2022 Six months ended June 30, 2022 Selling, general and administrative expenses 418,971 1,028,088 Discontinued operations for the period $ (418,971 ) $ (1,028,088 )

ASSET ACQUISTION UNDER COMMON C

ASSET ACQUISTION UNDER COMMON CONTROL	6 Months Ended
	Jun. 30, 2022
Asset Acquistion Under Common Control
ASSET ACQUISTION UNDER COMMON CONTROL	13. ASSET ACQUISTION UNDER COMMON CONTROL On May 30, 2022, we entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Evolution Terminals B.V., a Dutch corporation (“EVO”), and EVO’s sole shareholder First Finance Europe Ltd., a UK company (“First Finance”), pursuant to which we acquired EVO (the “Acquisition”) for a purchase price of $ 3,500,000 1,500,000 VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 The asset had capitalized project development costs of $ 1,554,952 3,500,000 7,620,000 57,945

WEBSITE DEVELOPMENT COSTS

WEBSITE DEVELOPMENT COSTS	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
WEBSITE DEVELOPMENT COSTS	14. WEBSITE DEVELOPMENT COSTS The tables below present a reconciliation of the Company’s website development costs: SCHEDULE OF WEBSITE DEVELOPMENT COSTS Balance at January 1, 2022 $ 25,233 Amortization (2,962 ) Balance at June 30, 2022 $ 22,271

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	15. SUBSEQUENT EVENTS On July 8, 2022 the Company loaned its asset $ 1,000,000 18

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and following the requirements of the Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP can be condensed or omitted. These interim financial statements have been prepared on the same basis as the Company’s annual financial statements and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair statement of the Company’s financial information. These interim results are not necessarily indicative of the results to be expected for the year ending December 31, 2022 or any other interim period or for any other future year. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto for the year ended December 31, 2021, included in the Company’s 2021 Annual Report on Form 10-K filed with the SEC. The balance sheet as of December 30, 2021 has been derived from audited financial statements at that date but does not include all of the information required by U.S. GAAP for complete financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Actual results could differ from those estimates. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable in the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
Reclassification	Reclassification Certain prior period amounts have been reclassified to conform to current period presentation specifically as it relates to the reclassification of assets, liabilities, operating results and cash flows.
Comprehensive Gain/Loss	Comprehensive Gain/Loss Comprehensive loss consists of two components, net loss and other comprehensive loss. The Company’s other comprehensive loss is comprised of foreign currency translation adjustments. The balance of accumulated other comprehensive gain is $ 0 as of June 30, 2022 and For the three month and six months ended June 30 2022 the Company recorded comprehensive gain of $ 257 11,932 no
Currency Translation	Currency Translation The Company translates its foreign subsidiary’s assets and liabilities denominated in foreign currencies into U.S. dollars at current rates of exchange as of the balance sheet date and income and expense items at the average exchange rate for the reporting period. Translation adjustments resulting from exchange rate fluctuations are recorded in accumulated other comprehensive income. The Company records gains and losses from changes in exchange rates on transactions denominated in currencies other than each reporting location’s functional currency in net income (loss) for each period. Items included in the financial statements of each entity in the group are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The functional and reporting currency of the Company is the United States Dollar (“U.S. Dollar”). VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021
Website Development Costs	Website Development Costs Website development costs were for a new company website created in 2021 and are amortized over 3 years.
Leases	Leases Please see note 5.
Property and Equipment, and Depreciation	Property and Equipment, and Depreciation Property and equipment are stated at cost. Depreciation is generally provided using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized on a straight-line basis over the shorter of the remaining term of the lease or the estimated useful life of the improvement. Repairs and maintenance that do not improve or extend the lives of the property and equipment are charged to expense as incurred.
Income Taxes	Income Taxes The Company uses the asset and liability method of accounting for income taxes pursuant to Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) 740, Income Taxes The determination of the Company’s provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. Significant judgment is required in assessing the timing and amounts of deductible and taxable items and the probability of sustaining uncertain tax positions. The benefits of uncertain tax positions are recorded in the Company’s financial statements only after determining a more-likely-than-not probability that the uncertain tax positions will withstand challenge, if any, from taxing authorities. When facts and circumstances change, the Company reassesses these probabilities and records any changes in the financial statements as appropriate. Accrued interest and penalties related to income tax matters are classified as a component of income tax expense. The Company recognizes and measures its unrecognized tax benefits in accordance with ASC 740. Under that guidance, management assesses the likelihood that tax positions will be sustained upon examination based on the facts, circumstances and information, including the technical merits of those positions, available at the end of each period. The measurement of unrecognized tax benefits is adjusted when new information is available, or when an event occurs that requires a change. The Company did not identify any material uncertain tax positions. The Company did not recognize any interest or penalties for unrecognized tax benefits. The federal income tax returns of the Company are subject to examination by the IRS, generally for the three years after they are filed. The Company’s 2021, 2020, and 2019 income tax returns are still open for examination by the taxing authorities. VISION HYDROGEN CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021
Asset acquisitions	Asset acquisitions Asset acquisitions are measured based on their cost to us, including transaction costs incurred by us. An asset acquisition’s cost or the consideration transferred by us is assumed to be equal to the fair value of the net assets acquired. If the consideration transferred is cash, measurement is based on the amount of cash we paid to the seller, as well as transaction costs incurred by us. Consideration given in the form of nonmonetary assets, liabilities incurred or equity interests issued is measured based on either the cost to us or the fair value of the assets or net assets acquired, whichever is more clearly evident. The cost of an asset acquisition is allocated to the assets acquired based on their estimated relative fair values. We engage third-party appraisal firms to assist in the fair value determination of inventories, identifiable long-lived assets and identifiable intangible assets. Goodwill is not recognized in an asset acquisition.

ASSET ACQUISITION (Tables)

ASSET ACQUISITION (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
SCHEDULE OF PRO FORMA FINANCIAL INFORMATION	SCHEDULE OF PRO FORMA FINANCIAL INFORMATION Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Revenues $ - $ - Net income (loss) $ (353,248 ) $ (590,181 ) Net income per share: Basic $ (0.04 ) $ (0.08 )

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
SCHEDULE OF DISCONTINUED OPERATIONS	SCHEDULE OF DISCONTINUED OPERATIONS Three months ended June 30, 2022 Six months ended June 30, 2022 Selling, general and administrative expenses 418,971 1,028,088 Discontinued operations for the period $ (418,971 ) $ (1,028,088 )

WEBSITE DEVELOPMENT COSTS (Tabl

WEBSITE DEVELOPMENT COSTS (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF WEBSITE DEVELOPMENT COSTS	The tables below present a reconciliation of the Company’s website development costs: SCHEDULE OF WEBSITE DEVELOPMENT COSTS Balance at January 1, 2022 $ 25,233 Amortization (2,962 ) Balance at June 30, 2022 $ 22,271

ORGANIZATION AND LINE OF BUSI_2

ORGANIZATION AND LINE OF BUSINESS (Details Narrative) - USD ($)				3 Months Ended		6 Months Ended
	May 30, 2022	May 06, 2022	Nov. 08, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Net loss from continuing operations				$ 12,356,001	$ 203,544	$ 12,704,246	$ 306,835
Net cash used in operating activities - continuing operations						$ 2,782,240	$ 223,931
VoltH2 [Member]
Property, Plant and Equipment [Line Items]
Conversion of convertible securities						8,409,091
Closing maket price				$ 11		$ 11
Net assets				$ 1,340,426		$ 1,340,426
Consideration transferred transaction cost						$ 93,840,427
VoltH2 [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage			100%	15.90%		15.90%
VoltH2 [Member]
Property, Plant and Equipment [Line Items]
Existing ownership interest			15.90%
Business acquisition, equity interest issued or issuable, number of shares			8,409,091
Business acquisition number of escrowed shares			1,768,182
Closing maket price			$ 11
Purchase Agreement [Member] | VoltH2 [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage		100%	100%
Purchase Agreement [Member] | VoltH2 [Member]
Property, Plant and Equipment [Line Items]
Equity interest, percenatge			84.10%
Existing ownership interest			15.90%
Business acquisition, equity interest issued or issuable, number of shares		11,250,000	8,409,091
Purchase price	$ 3,500,000
Proceeds from common stock	$ 1,500,000
Escrow Agreement [Member] | VoltH2 [Member]
Property, Plant and Equipment [Line Items]
Business acquisition number of escrowed shares		1,768,182
Escrow Agreement [Member] | VoltH2 [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Business acquisition number of escrowed shares			1,768,182

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
AOCI Including Portion Attributable to Noncontrolling Interest, Tax	$ 0		$ 0
Other Comprehensive Income (Loss), Net of Tax	$ 257	$ 0	$ 11,932	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)

3 Months Ended

6 Months Ended

May 30, 2022

May 22, 2022

May 11, 2022

May 06, 2022

Nov. 08, 2021

Jan. 29, 2021

Jul. 22, 2020

Jul. 17, 2020

Jun. 19, 2020

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Mar. 25, 2022

Mar. 21, 2022

Dec. 31, 2021

Dec. 31, 2020

Accrued interest

$ 0

$ 16,515

Cash payment of debt

Success fee

$ 562,500

Purchase price for acquisition

$ 7,620,000

Stock Purchase Agreement [Member] | Evolution Terminals BV [Member]

Purchase price for acquisition

$ 3,500,000

Purchase price for acquisition

1,500,000

Mr Hidalgo [Member]

Consulting fees

27,000

27,000

Judd Brammah [Member]

Convertible debentures, principal amount

$ 299,900

Stated Percentage

6%

Debt maturity date

Jun. 19, 2021

Note and interest payable converted amount

$ 596,747

Cash payment of debt

3,253

Value of debt converted

$ 600,000

Debt converted of shares

3,000,000

Judd Brammah [Member] | Promissory Note [Member]

Convertible debentures, principal amount

$ 50,000

$ 230,332

Stated Percentage

6%

6%

Debt maturity date

Jun. 19, 2021

Jun. 19, 2021

Centuary Capital Management [Member] | Promissory Note [Member]

Stated Percentage

18%

Loans Payable

$ 60,000

Principal of Volt Energy Bv [Member] | Promissory Note [Member]

Stated Percentage

2%

Loans Payable

$ 36,614

Mr Hidalgo [Member]

Cash payment of debt

$ 25,000

Turquino Equity LLC [Member]

Management Fee Expense

50,000

$ 33,750

125,000

67,500

Turquino Equity LLC [Member] | Services Agreement [Member]

Officers compensation

$ 25,000

Volt Energy BV [Member]

Management Fee Expense

0

0

89,605

0

First Finance Limited [Member]

Management Fee Expense

$ 265,000

$ 0

$ 415,000

$ 0

VoltH2 Holdings AG [Member] | Stock Purchase Agreement [Member]

Principal shares owned

725,000

VoltH2 [Member]

Cash received from sale of dutch properties

$ 11,250,000

Shares received from sale of dutch properties

1,768,182

SIGNIFICANT CONCENTRATIONS OF_2

SIGNIFICANT CONCENTRATIONS OF CREDIT RISK (Details Narrative)	Jun. 30, 2022 USD ($)
NETHERLANDS
Cash, FDIC insured amount	$ 250,000
Security Deposit	335,343
Dutch Central Bank [Member]
Cash, FDIC insured amount	114,000
UNITED STATES
Security Deposit	$ 5,571,335

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Nov. 08, 2021
Lease cost, per month	$ 99
Rent expense		$ 342	$ 684	$ 342	$ 684
Finance lease liability		$ 0		$ 0		$ 0
Accounting Standards Update 2016-02 [Member]
Right of use asset							$ 102,331
Lease liability							$ 102,331
Lease borrowing rate							4%

STOCK OPTIONS AWARDS AND GRAN_2

STOCK OPTIONS AWARDS AND GRANTS (Details Narrative)	Jun. 30, 2022 USD ($)
Share-Based Payment Arrangement [Abstract]
Unrecognized compensation expense	$ 0

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)						6 Months Ended		12 Months Ended
	Jan. 29, 2021	Jul. 22, 2020	Jul. 17, 2020	Jun. 19, 2020	May 05, 2020	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Cash payment of debt
Judd Brammah [Member]
Line of Credit Facility [Line Items]
Debt instrument, face value		$ 299,900
Debt instrument, interest rate		6%
Debt instrument maturity date		Jun. 19, 2021
Note and interest payable converted amount	$ 596,747
Cash payment of debt	3,253
Conversion of debt value	$ 600,000
Conversion of debt, shares	3,000,000
Promissory Note One [Member] | Judd Brammah [Member]
Line of Credit Facility [Line Items]
Debt description				The entire principal and interest upon the promissory note were due on June 19, 2021
Debt instrument, interest rate				6%
Promissory Note One [Member] | Judd Brammah [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Debt instrument, face value				$ 230,332
Promissory Note Two [Member] | Judd Brammah [Member]
Line of Credit Facility [Line Items]
Debt instrument, face value			$ 50,000
Debt instrument, interest rate			6%
Debt instrument maturity date			Jun. 19, 2021
Interest expense								$ 628
Promissory Note Three [Member] | Judd Brammah [Member]
Line of Credit Facility [Line Items]
Debt instrument, face value		$ 299,900
Debt instrument, interest rate		6%
Debt instrument maturity date		Jun. 19, 2021
Paycheck Protection Program Loan [Member] | Comerica Bank [Member] | PPP Term Note [Member]
Line of Credit Facility [Line Items]
Debt instrument, face value					$ 20,000
Debt description					The PPP Loan is evidenced by a promissory note. The PPP Term Note bears interest at a fixed annual rate of 1.00%, with the first six months of interest deferred. Beginning in November 2022, the Company will make 18 equal monthly payments of principal and interest with the final payment due in April 2022
Debt instrument, interest rate					1%

CAPITAL RAISE (Details Narrativ

CAPITAL RAISE (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Jan. 31, 2021	Oct. 31, 2020	Mar. 31, 2021	Jun. 30, 2022
Capital Raise
Sale of stock shares issued	12,500,000	12,500,000
Sale of stock consideration amount	$ 2,500,000
Conversion of debt into equity			$ 596,747	$ 596,747
Proceeds from issuance of debt				1,903,253
Legal fees				70,000
Consulting fee				$ 51,000

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	Nov. 08, 2021	Aug. 25, 2021	Jun. 28, 2021	Jun. 07, 2021
VoltH2 Holdings AG [Member]
Ownership percentage	100%
Promissory Note [Member] | VoltH2 Holdings AG [Member]
Loan receivable		$ 500,000
Promissory Note [Member] | VoltH2 Holdings AG [Member]
Loan receivable			$ 500,000	$ 100,000
Ownership percentage			16%	16%

SCHEDULE OF PRO FORMA FINANCIAL

SCHEDULE OF PRO FORMA FINANCIAL INFORMATION (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Revenues
Net income (loss)	$ (353,248)	$ (590,181)
Basic	$ (0.04)	$ (0.08)

ASSET ACQUISITION (Details Narr

ASSET ACQUISITION (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
	Nov. 08, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
VoltH2 [Member]
Business Acquisition [Line Items]
Share issued price per share		$ 11		$ 11
Shares issued on acquisition consideration				8,409,091
Net assets		$ 1,340,426		$ 1,340,426
Consideration transferred transaction cost				93,840,427
Business combination acquisition related costs		$ 0	$ 0	$ 0	$ 0
VoltH2 [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage	100%	15.90%		15.90%
VoltH2 [Member]
Business Acquisition [Line Items]
Business acquisition percentage	84.10%
Existing equity method investment ownership percenatge	15.90%
Business acquisition exchange for share of common stock	8,409,091
Share issued price per share	$ 11
Busines acquisition number of escrowed shares	1,768,182

SCHEDULE OF DISCONTINUED OPERAT

SCHEDULE OF DISCONTINUED OPERATIONS (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Selling, general and administrative expenses	$ 418,971	$ 1,028,088
Discontinued operations for the period	$ (418,971)	$ (1,028,088)

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Narrative) - VoltH2 [Member] - USD ($)	May 11, 2022	May 06, 2022
[custom:PercentageOfInterestDescription]		VoltH2 Holdings AG (“VoltH2”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with Volt Energy BV (the “Purchaser”) pursuant to which we agreed to sell our 100% interest in our Vlissingen green hydrogen development project and our 50% interest in our Terneuzen green hydrogen development project and related assets (the “Dutch Projects”)
[custom:CashReceivedForDutchPropertiesSale]		$ 11,250,000
[custom:CashReceivedForDutchPropertiesShares]		1,768,182
[custom:DispositionOfAssets]	$ 623,078
Additional Paid-in Capital [Member]
[custom:CashReceivedForDutchPropertiesSale]		$ 11,250,000

ASSET ACQUISTION UNDER COMMON_2

ASSET ACQUISTION UNDER COMMON CONTROL (Details Narrative) - USD ($)		3 Months Ended	6 Months Ended
	May 30, 2022	Jun. 30, 2022	Jun. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Purchase price of asset acquisition		$ 7,620,000
First Finance Europe Ltd [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Business acquisition costs		3,500,000	$ 3,500,000
Business acquisition, issuance of stock		7,620,000	7,620,000
Business acquisition, assets acquired		$ 57,945	$ 57,945
Stock Purchase Agreement [Member] | First Finance Europe Ltd [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Purchase price of asset acquisition	$ 3,500,000
Shares of common stock issued	1,500,000
Development costs	$ 1,554,952

SCHEDULE OF WEBSITE DEVELOPMENT

SCHEDULE OF WEBSITE DEVELOPMENT COSTS (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at January 1, 2021	$ 25,233
Amortization	(2,962)
Balance at June 30, 2022	$ 22,271

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member]	Jul. 08, 2022 USD ($)
Subsequent Event [Line Items]
Loans payable	$ 1,000,000
Debt instrument, interest rate	18%