Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2023 | May 10, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2023 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-55818 | |
Entity Registrant Name | BioCrude Technologies USA, Inc. | |
Entity Central Index Key | 0001690384 | |
Entity Tax Identification Number | 81-2924160 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 1255 Phillips Square | |
Entity Address, Address Line Two | Suite 605 | |
Entity Address, Address Line Three | Montreal | |
Entity Address, City or Town | Quebec | |
Entity Address, Country | CA | |
Entity Address, Postal Zip Code | H3B 3G5 | |
City Area Code | 514 | |
Local Phone Number | 840-9719 | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 50,770,761 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
CURRENT ASSETS | ||
Cash | $ 413 | $ 439 |
Advances to related parties | 0 | 4,347 |
TOTAL CURRENT ASSETS | 413 | 4,786 |
Property, plant and equipment | 16,880 | 17,895 |
TOTAL ASSETS | 17,293 | 22,681 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 28,483 | 22,151 |
Accounts payable and accrued liabilities - related parties | 27,089 | 0 |
Related Party Debt | 25,085 | 24,913 |
Debt | 126,837 | 126,002 |
TOTAL CURRENT LIABILITIES | 207,494 | 173,066 |
TOTAL LIABILITIES | 207,494 | 173,006 |
STOCKHOLDERS’ DEFICIT | ||
Common stock, $0.001 par value, 75,000,000 shares authorized, and 50,767,261 and 50,761,636 shares outstanding at March 31, 2023 and December 31, 2022, respectively | 50,768 | 50,762 |
Additional paid in capital | 8,751,199 | 8,728,705 |
Accumulated other comprehensive income | 28,724 | 28,672 |
Accumulated deficit | (9,017,526) | (8,955,136) |
TOTAL STOCKHOLDERS’ DEFICIT ATTRIBUTALBLE TO EQUITY SHAREHOLDERS OF THE COMPANY | (186,835) | (146,997) |
NON-CONTROLLING INTEREST | (3,366) | (3,388) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $ 17,293 | $ 22,681 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Mar. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, authorized | 75,000,000 | 75,000,000 |
Common stock, outstanding | 50,767,261 | 50,761,636 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
OPERATING EXPENSES | ||
General and administrative expenses | $ 61,459 | $ 53,048 |
LOSS FROM OPERATIONS | (61,459) | (53,048) |
Interest expense | (931) | (993) |
Income tax expense | 0 | 0 |
NET LOSS | (62,390) | (54,041) |
OTHER COMPREHENSIVE LOSS | ||
Translation to reporting currency | 74 | 37 |
TOTAL COMPREHENSIVE LOSS | (62,316) | (54,004) |
NET LOSS ATTRIBUTABLE TO | ||
Equity shareholders of the Company | (62,390) | (54,041) |
Non-controlling interest | 0 | 0 |
TOTAL COMPREHENSIVE LOSS ATTRIBUTABLE TO | ||
Equity shareholders of the Company | (62,338) | (54,015) |
Non-controlling interest | $ 22 | $ 11 |
Loss per share - basic and diluted | $ 0 | $ 0 |
Weighted average number of shares outstanding – basic and diluted | 50,745,224 | 50,705,744 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total Equity Attributable To Equity Shareholders Company Of The [Member] | Noncontrolling Interest [Member] | Total |
Beginning balance, value at Dec. 31, 2021 | $ 50,711 | $ 8,523,756 | $ 28,678 | $ (8,774,402) | $ (171,257) | $ (2,593) | $ (173,850) |
Beginning balance, shares at Dec. 31, 2021 | 50,710,386 | ||||||
Stock issued for services | |||||||
Stock issued for services (in shares) | |||||||
Subscription receivable | |||||||
Stock issued for cash | $ 12 | 49,988 | 50,000 | 50,000 | |||
Stock issued for cash (in shares) | 12,500 | ||||||
Foreign currency translation loss | 26 | 26 | 11 | 37 | |||
Net loss | (54,041) | (54,041) | (54,041) | ||||
Ending balance, value at Mar. 31, 2022 | $ 50,723 | 8,573,744 | 28,704 | (8,828,443) | (175,272) | (2,582) | (177,854) |
Ending balance, shares at Mar. 31, 2022 | 50,722,886 | ||||||
Beginning balance, value at Dec. 31, 2022 | $ 50,762 | 8,728,705 | 28,672 | (8,955,136) | (146,997) | (3,388) | (150,385) |
Beginning balance, shares at Dec. 31, 2022 | 50,761,636 | ||||||
Stock issued for services | $ 2 | 7,498 | 7,500 | 7,500 | |||
Stock issued for services (in shares) | 1,875 | ||||||
Subscription receivable | |||||||
Stock issued for cash | $ 4 | 14,996 | 15,000 | 15,000 | |||
Stock issued for cash (in shares) | 3,750 | ||||||
Foreign currency translation gain | 52 | 52 | 22 | 74 | |||
Net loss | (62,390) | (62,390) | (62,390) | ||||
Ending balance, value at Mar. 31, 2023 | $ 50,768 | $ 8,751,199 | $ 28,724 | $ (9,017,526) | $ (186,835) | $ (3,366) | $ (190,201) |
Ending balance, shares at Mar. 31, 2023 | 50,767,261 |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (62,390) | $ (54,041) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Depreciation | 1,015 | 898 |
Stock issued for services | 7,500 | 0 |
Forgiveness accrued interest | 0 | 1,483 |
Unrealized foreign exchange (gain) loss | 150 | 0 |
Accounts payable and accruals | 6,332 | 2,831 |
Accounts payable and accrued liabilities - related party | 31,436 | (18,741) |
Accrued interest and interest expenses | 772 | 994 |
Accrued interest - related party | 159 | 0 |
Net cash used in operating activities | (15,026) | (66,576) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from private placement(s) | 15,000 | 50,000 |
Proceeds from loans payable | 0 | 15,000 |
Net cash provided by financing activities | 15,000 | 65,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
CHANGE IN CASH DURING THE PERIOD | (26) | (1,576) |
CASH BEGINNING | 439 | 1,778 |
CASH ENDING | 413 | 202 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Cash paid for income taxes | 0 | 0 |
Interest paid | $ 0 | $ 0 |
ORGANIZATION AND GOING CONCERN
ORGANIZATION AND GOING CONCERN | 3 Months Ended |
Mar. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND GOING CONCERN | NOTE 1 – ORGANIZATION AND GOING CONCERN Nature of Operations Biocrude Technologies USA, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on December 29, 2015. The Company’s principal business objective is to provide resource management expertise and services, catering to commercial, municipal, and industrial customers, primarily in the areas of solid waste management and recycling services. Interim Financial Statements The unaudited interim consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended December 31, 2022, included in the Company’s 2022 annual report on Form 10-K, filed with the SEC. The unaudited interim consolidated financial statements should be read in conjunction with those financial statements included in Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three-month period ended March 31, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Going Concern The Company’s consolidated financial statements are prepared on a going concern basis in accordance with United States generally accepted accounting principles (“US GAAP”) which contemplate the realization of assets and discharge of liabilities and commitments in the normal course of business. The Company has not generated operating revenues to date and has accumulated losses of $9,017,526 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation These consolidated financial statements and related notes are presented in accordance with US GAAP and are presented in United States dollars. The accompanying consolidated financial statements include the accounts of its 70% Use of Estimates 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. Significant areas requiring management’s estimates and assumptions include determining the fair value of transactions involving shares in common stock. Actual results could differ from those estimates. Reclassifications Certain prior period amounts in the accompanying consolidated financial statements have been reclassified to conform to the current period’s presentation. These reclassifications had no effect on the results of operations or financial position for any period presented. Fair Value Measurements The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, payables to related parties, and accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The Company’s financial assets and liabilities are subsequently measured at amortized cost, but their carrying amount approximates their fair value due to the short period of time until maturity. Foreign Currency Translation and Transaction The Company’s functional currency was the United Stated dollar. Biocrude HK maintains its accounting records in its local currency, the Hong Kong dollar. Foreign exchange gains and losses on the settlement of foreign currency transactions are included in general and administration expense. Except for translations of intercompany balances, all translations of monetary balances to the functional currency at the year-end exchange rate are included in foreign exchange expense. The translations of intercompany balances to the functional currency at the year-end exchange rate are included in accumulated other comprehensive income or loss. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Cash and Cash Equivalents Cash and cash equivalents consist of cash balances and highly liquid instruments with an original maturity of three months or less. As of March 31, 2023 and 2022, the Company did no Property, Plant and Equipment Property, plant, and equipment are recorded at cost and depreciated to its estimated residual values using the straight-line method over its estimated useful lives of 8 Schedule of property, plant, and equipment Server Web Design TOTAL COST Balance, December 31, 2022 $ 27,498 $ 5,086 $ 32,584 Additions Balance, March 31, 2023 $ 27,498 $ 5,086 $ 32,584 ACCUMULATED DEPRECIATION Balance, December 31, 2022 $ 13,439 $ 1,250 $ 14,689 Additions 859 156 1,015 Balance, March 31, 2023 $ 14,298 $ 1,406 $ 15,704 PROPERTY, PLANT, AND EQUPMENT, NET Balance, December 31, 2022 $ 14,059 $ 3,836 $ 17,895 Balance, March 31, 2023 $ 13,200 $ 3,680 $ 16,880 Share-based Expense ASC 718, “ Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “ Equity – Based Payments to Non-Employees.” Income Taxes Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income for the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the income statement in the period that includes the date of enactment. Additionally, ASC 740: Income Taxes, requires the Company to recognize in its financial statements the impact of a tax position that is more likely than not to be sustained upon examination based on the technical merits of the position. Earnings Per Share Information FASB ASC 260, “Earnings Per Share” provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share were the same, at the reporting dates, as there were no common stock equivalents outstanding. New Accounting Pronouncements The Company considers all new pronouncements and management has determined that there have been no recently adopted or issued accounting standards that had or will have a material impact on the Company’s interim consolidated financial statements. |
STOCKHOLDER_S DEFICIT
STOCKHOLDER’S DEFICIT | 3 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
STOCKHOLDER’S DEFICIT | NOTE 3 – STOCKHOLDER’S DEFICIT Common stock The authorized common stock of the Company consists of 75,000,000 0.001 As of March 31, 2023, the Company issued 1,875 7,500 3,750 15,000 During the year ended December 31, 2022, the Company issued 4,000 16,000 47,250 189,000 |
DEBT
DEBT | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
DEBT | NOTE 4 – DEBT As of March 31, 2023, the Company has loans payable of $ 101,417 (December 31, 2022 – $ 101,354 ) in principal and accrued interest of $ 25,420 (December 31, 2022 - $ 24,648 ) outstanding. Included in the balance of debt, $26,467 (December 31, 2022 - $26,465) was cash advanced with no interest bearing and due on demand. Also in the balance of debt was loans of $ 74,950 74,889 4 % per annum, are unsecured, and are due on demand. |
RELATED PARTY DEBT
RELATED PARTY DEBT | 3 Months Ended |
Mar. 31, 2023 | |
Disclosure Related Party Debt Abstract | |
RELATED PARTY DEBT | NOTE 5 - RELATED PARTY DEBT As of March 31, 2023, the Company has debt of $ 15,887 (December 31, 2021 - $ 15,874 ) in principal and accrued interest of $ 9,198 (December 31, 2021 - $ 9,039 ) due to a director of the Company. The debt bears interest at a rate of 4 % per annum, are unsecured, and are due on demand. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Mar. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE – RELATED PARTY TRANSACTIONS During the three months ended March 31, 2023, the CEO of the Company had earned compensation and advanced the Company $ 31,436 4,347 , resulting in an accounts payable and accrued liabilities – related parties balance of $ 27,089 as of March 31, 2023. These amounts are unsecured, without interest, and payable on demand. During the three months ended March 31, 2022 the CEO of the Company had earned compensation and the Company made repayments to the CEO of $ 18,741 41,664 22,923 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 7 – SUBSEQUENT EVENTS On April 4, 2023, the Company issued 3,500 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Principles of Consolidation | Basis of Presentation and Principles of Consolidation These consolidated financial statements and related notes are presented in accordance with US GAAP and are presented in United States dollars. The accompanying consolidated financial statements include the accounts of its 70% |
Use of Estimates | Use of Estimates 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. Significant areas requiring management’s estimates and assumptions include determining the fair value of transactions involving shares in common stock. Actual results could differ from those estimates. |
Reclassifications | Reclassifications Certain prior period amounts in the accompanying consolidated financial statements have been reclassified to conform to the current period’s presentation. These reclassifications had no effect on the results of operations or financial position for any period presented. |
Fair Value Measurements | Fair Value Measurements The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, payables to related parties, and accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The Company’s financial assets and liabilities are subsequently measured at amortized cost, but their carrying amount approximates their fair value due to the short period of time until maturity. |
Foreign Currency Translation and Transaction | Foreign Currency Translation and Transaction The Company’s functional currency was the United Stated dollar. Biocrude HK maintains its accounting records in its local currency, the Hong Kong dollar. Foreign exchange gains and losses on the settlement of foreign currency transactions are included in general and administration expense. Except for translations of intercompany balances, all translations of monetary balances to the functional currency at the year-end exchange rate are included in foreign exchange expense. The translations of intercompany balances to the functional currency at the year-end exchange rate are included in accumulated other comprehensive income or loss. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents consist of cash balances and highly liquid instruments with an original maturity of three months or less. As of March 31, 2023 and 2022, the Company did no |
Property, Plant and Equipment | Property, Plant and Equipment Property, plant, and equipment are recorded at cost and depreciated to its estimated residual values using the straight-line method over its estimated useful lives of 8 Schedule of property, plant, and equipment Server Web Design TOTAL COST Balance, December 31, 2022 $ 27,498 $ 5,086 $ 32,584 Additions Balance, March 31, 2023 $ 27,498 $ 5,086 $ 32,584 ACCUMULATED DEPRECIATION Balance, December 31, 2022 $ 13,439 $ 1,250 $ 14,689 Additions 859 156 1,015 Balance, March 31, 2023 $ 14,298 $ 1,406 $ 15,704 PROPERTY, PLANT, AND EQUPMENT, NET Balance, December 31, 2022 $ 14,059 $ 3,836 $ 17,895 Balance, March 31, 2023 $ 13,200 $ 3,680 $ 16,880 |
Share-based Expense | Share-based Expense ASC 718, “ Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “ Equity – Based Payments to Non-Employees.” |
Income Taxes | Income Taxes Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income for the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the income statement in the period that includes the date of enactment. Additionally, ASC 740: Income Taxes, requires the Company to recognize in its financial statements the impact of a tax position that is more likely than not to be sustained upon examination based on the technical merits of the position. |
Earnings Per Share Information | Earnings Per Share Information FASB ASC 260, “Earnings Per Share” provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share were the same, at the reporting dates, as there were no common stock equivalents outstanding. |
New Accounting Pronouncements | New Accounting Pronouncements The Company considers all new pronouncements and management has determined that there have been no recently adopted or issued accounting standards that had or will have a material impact on the Company’s interim consolidated financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Schedule of property, plant, and equipment | Schedule of property, plant, and equipment Server Web Design TOTAL COST Balance, December 31, 2022 $ 27,498 $ 5,086 $ 32,584 Additions Balance, March 31, 2023 $ 27,498 $ 5,086 $ 32,584 ACCUMULATED DEPRECIATION Balance, December 31, 2022 $ 13,439 $ 1,250 $ 14,689 Additions 859 156 1,015 Balance, March 31, 2023 $ 14,298 $ 1,406 $ 15,704 PROPERTY, PLANT, AND EQUPMENT, NET Balance, December 31, 2022 $ 14,059 $ 3,836 $ 17,895 Balance, March 31, 2023 $ 13,200 $ 3,680 $ 16,880 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Dec. 31, 2022 | |
Property, Plant and Equipment [Line Items] | ||
Beginning balance, cost | $ 32,584 | |
Additions, cost | ||
Ending balance, cost | 32,584 | |
Beginning balance, Accumulated amortization | 14,689 | |
Additions | 1,015 | |
Ending balance, Accumulated amortization | 15,704 | |
PROPERTY, PLANT, AND EQUPMENT, NET | 16,880 | $ 17,895 |
Server [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Beginning balance, cost | 27,498 | |
Additions, cost | ||
Ending balance, cost | 27,498 | |
Beginning balance, Accumulated amortization | 13,439 | |
Additions | 859 | |
Ending balance, Accumulated amortization | 14,298 | |
PROPERTY, PLANT, AND EQUPMENT, NET | 13,200 | 14,059 |
Web Design [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Beginning balance, cost | 5,086 | |
Additions, cost | ||
Ending balance, cost | 5,086 | |
Beginning balance, Accumulated amortization | 1,250 | |
Additions | 156 | |
Ending balance, Accumulated amortization | 1,406 | |
PROPERTY, PLANT, AND EQUPMENT, NET | $ 3,680 | $ 3,836 |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Dec. 31, 2022 | |
Cash equivalents | $ 0 | $ 0 |
Property, Plant and Equipment, Useful Life | 8 years | |
Biocrude H K [Member] | ||
Noncontrolling Interest, Ownership Percentage by Parent | 70% |
STOCKHOLDER_S DEFICIT (Details
STOCKHOLDER’S DEFICIT (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock, authorized | 75,000,000 | 75,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common Stock [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Stock issued for cash | 1,875 | 4,000 |
Common stock fair value | $ 7,500 | $ 16,000 |
Stock issued for services | 3,750 | 47,250 |
Cash proceeds | $ 15,000 | $ 189,000 |
DEBT (Details Narrative)
DEBT (Details Narrative) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Debt Disclosure [Abstract] | ||
Debt | $ 101,417 | $ 101,354 |
Interest Payable, Current | 25,420 | 24,648 |
Debt, Percentage bearing variable interest, amount | $ 74,950 | $ 74,889 |
Debt, Percentage bearing variable interest | 4% |
RELATED PARTY DEBT (Details Nar
RELATED PARTY DEBT (Details Narrative) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Defined Benefit Plan Disclosure [Line Items] | ||
Debt | $ 101,417 | $ 101,354 |
Interest Payable, Current | $ 25,420 | 24,648 |
Debt, Percentage bearing variable interest | 4% | |
Related Party [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Debt | $ 15,887 | 15,874 |
Interest Payable, Current | $ 9,198 | $ 9,039 |
Debt, Percentage bearing variable interest | 4% |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - Related Party [Member] - Chief Executive Officer [Member] - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Related Party Transaction [Line Items] | ||
Earned compensation and advanced | $ 31,436 | |
Advance to related party | 4,347 | |
Accounts payable and accrued liabilities related parties | $ 27,089 | $ 22,923 |
Repayments to related party | 18,741 | |
Advance from related party | $ 41,664 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) | Apr. 04, 2023 shares |
Subsequent Event [Member] | |
Subsequent Event [Line Items] | |
Issaunce of shares | 3,500 |