FDCTech (FDCT) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 04, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-56338
Entity Registrant Name	FDCTECH, INC
Entity Central Index Key	0001722731
Entity Tax Identification Number	81-1265459
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	200 Spectrum Center Drive
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92618
City Area Code	(877)
Local Phone Number	445-6047
Title of 12(b) Security	Common Stock, par value $0.0001
Trading Symbol	FDCT
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		148,025,500

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 246,064	$ 93,546
Accounts receivable, net of allowance for doubtful accounts of $117,487 and $117,487, respectively	56,653	21,153
OID promissory note	55,000
Other current assets	315,717	494,470
Total Current assets	673,433	609,169
Capitalized software, net	685,067	650,862
Acquired tangible assets	36,382	46,024
Acquired intangible assets	2,616,197	2,559,739
Other assets – non-current	110,478	22,500
Total assets	4,121,558	3,888,293
Current liabilities:
Accounts payable	436,500	445,215
Line of credit	41,577	39,246
Payroll tax payable	194,936	165,108
Related-party advances		81,000
Promissory note	550,000
Cares act- paycheck protection program advance	41,896	46,393
Other current liabilities	139,069	31,339
Total Current liabilities	1,403,978	808,301
SBA loan – non-current	133,320	139,699
Cares act- paycheck protection program advance – non-current	4,239	4,239
Accrued interest – non-current	13,363	9,224
Total liabilities	1,554,901	961,463
Commitments and Contingencies (Note 9)
Stockholders’ Deficit:
Preferred stock, par value $0.0001, 10,000,000 shares authorized, 4,000,000 issued and outstanding, as of September 30, 2022 and December 31, 2021	400	400
Common stock, par value $0.0001, 250,000,000 shares authorized; 183,025,550 and 141,811,264 shares issued and outstanding, as of September 30, 2022 and December 31, 2021	18,302	14,181
Additional paid-in capital	5,476,880	4,841,545
Accumulated other comprehensive income	(6,169)
Accumulated deficit	(4,205,663)	(3,230,679)
Total FDCTech, Inc. stockholders’ equity (deficit)	1,283,751	1,625,448
Noncontrolling interest	1,282,906	1,301,382
Total liabilities and stockholders’ deficit	$ 4,121,558	$ 3,888,293

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2022	Feb. 17, 2022	Dec. 31, 2021	Sep. 03, 2021	Feb. 12, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful, accounts receivable	$ 117,487		$ 117,487
Preferred stock, par value	$ 0.0001		$ 0.0001		$ 0.0001
Preferred stock, shares authorized	10,000,000		10,000,000		10,000,000
Preferred stock, shares issued	4,000,000		4,000,000
Preferred stock, shares outstanding	4,000,000		4,000,000
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000		250,000,000		250,000,000
Common stock, shares issued	183,025,550		141,811,264
Common stock, shares outstanding	183,025,550		141,811,264

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Total revenue	$ 1,530,126	$ 73,925	$ 4,597,097	$ 221,003
Cost of sales
Total cost of sales	1,331,424	68,616	4,077,602	205,847
Gross Profit	198,702	5,309	519,495	15,156
Operating expenses:
General and administrative	324,918	215,039	1,169,972	487,320
Sales and marketing	69,692	277,327	309,140	499,320
Total operating expenses	394,610	492,366	1,479,111	986,640
Operating income (loss)	(195,908)	(487,057)	(959,616)	(971,484)
Other income (expense):
Related-party interest expense				(10,399)
Other interest expense	(21,524)	(1,448)	(43,250)	(2,942)
Other income (expense)	1	(1,886)	18	6,892
Total other expense	(21,524)	(3,334)	(43,233)	(6,449)
Income (loss) before provision for income taxes	(217,432)	(490,391)	(1,002,849)	(977,933)
Provision (benefit) for income taxes
Net income (loss)	(217,432)	(490,391)	(1,002,849)	(977,933)
Less: Net income attributable to noncontrolling interest	8,634		(27,865)
Net income attributable to FDCTech’s shareholders	$ (226,065)	$ (490,391)	$ (974,984)	$ (977,933)
Net income (loss) per common share, basic and diluted	$ 0	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding basic and diluted	159,564,012	88,415,427	151,451,758	83,150,225
Technology Service [Member]
Revenues
Total revenue	$ 92,500	$ 73,925	$ 249,000	$ 221,003
Cost of sales
Total cost of sales	19,032	68,616	140,019	205,847
Wealth Management [Member]
Revenues
Total revenue	1,437,626		4,348,097
Cost of sales
Total cost of sales	$ 1,312,392		$ 3,937,582

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 400	$ 6,887	$ 448,653		$ (1,493,984)	$ (1,038,044)
Beginning balance, shares at Dec. 31, 2020	4,000,000	68,876,332
Common shares issued for services valued at $0.22 per share		$ 10	21,990			22,000
Common shares issued for services valued at $0.22 per share, shares		100,000
Common shares issued for services valued at $0.18 per share		$ 55	98,198			98,253
Common shares issued for services valued at $0.18 per share, shares		545,852
Common shares issued for financing cost valued at $0.12 per share		$ 67	80,333			80,400
Common shares issued for financing cost valued at $0.12 per share, shares		670,000
Common shares issued for services valued at $0.25 per share		$ 175	437,325			437,500
Common shares issued for services valued at $0.25 per share, shares		1,750,000
Net loss					(977,933)	(977,933)
Common shares issued for services valued at $0.27		$ 230	620,770			621,000
Common shares issued for services valued at $0.27, shares		2,300,000
Common shares issued for FRH Group note conversion at $0.10 per share		$ 1,257	1,255,651			1,256,908
Common shares issued for FRH Group note conversion at $0.10 per share, shares		12,569,080
Common shares issued for services valued at $0.20 per share		$ 175	349,825			350,000
Common shares issued for services valued at $0.20 per share, shares		1,750,000
Common shares issued for services valued at $0.21 per share		$ 10	20,990			21,000
Common shares issued for services valued at $0.21 per share, shares		100,000
Common shares issued for cash valued at $0.10 per share		$ 200	199,800			200,000
Common shares issued for cash valued at $0.10 per share, shares		2,000,000
Common shares issued for services valued at $0.25 per share		$ (175)	(437,325)			(437,500)
Common shares issued for services valued at $0.25 per share, shares		(1,750,000)
Ending balance, value at Sep. 30, 2021	$ 400	$ 8,891	3,096,210		(2,471,917)	633,584
Ending balance, shares at Sep. 30, 2021	4,000,000	88,911,264
Beginning balance, value at Jun. 30, 2021	$ 400	$ 8,734	3,133,214		(1,981,526)	1,160,822
Beginning balance, shares at Jun. 30, 2021	4,000,000	87,345,412
Common shares issued for services valued at $0.22 per share		$ 10	21,990			22,000
Common shares issued for services valued at $0.22 per share, shares		100,000
Common shares issued for services valued at $0.18 per share		$ 55	98,198			98,253
Common shares issued for services valued at $0.18 per share, shares		545,852
Common shares issued for cash valued at $0.10 per share		$ 200	199,800			200,000
Common shares issued for cash valued at $0.10 per share, shares		2,000,000
Common shares issued for financing cost valued at $0.12 per share		$ 67	80,333			80,400
Common shares issued for financing cost valued at $0.12 per share, shares		670,000
Common shares issued for services valued at $0.25 per share		$ (175)	(437,325)			(437,500)
Common shares issued for services valued at $0.25 per share, shares		(1,750,000)
Net loss					(490,391)	(490,391)
Ending balance, value at Sep. 30, 2021	$ 400	$ 8,891	3,096,210		(2,471,917)	633,584
Ending balance, shares at Sep. 30, 2021	4,000,000	88,911,264
Beginning balance, value at Dec. 31, 2021	$ 400	$ 14,181	4,841,545		(3,230,679)	1,625,448
Beginning balance, shares at Dec. 31, 2021	4,000,000	141,811,264
Net loss					(974,984)	(974,984)
Common shares issued for cash valued at $0.01 per share		$ 3,000	297,000			300,000
Common shares issued for cash valued at $0.03 per share, shares		30,000,000
Common shares issued for services valued at $0.012 per share		$ 500	59,500			60,000
Common shares issued for services valued at $0.012 per share, shares		5,000,000
Common shares issued for cash valued at $0.0625 per share		$ 50	31,200			31,250
Common shares issued for cash valued at $0.0625 per share, shares		500,000
Common shares issued for services valued at $0.0625 per share		$ 150	93,600			93,750
Common shares issued for services valued at $0.0625 per share, shares		1,500,000
Common shares issued for cash valued at $0.05 per share		$ 50	24,950			25,000
Common shares issued for cash valued at $0.05 per share, shares		500,000
Common shares issued for cash valued at $0.0408 per share		$ 50	20,335			20,385
Common shares issued for cash valued at $0.0408 per share, shares		500,000
Common shares issued for financing cost valued at $0.0323 per share		$ 221	71,300			71,521
Common shares issued for financing cost valued at $0.0323 per share, shares		2,214,286
Common shares issued for cash valued at $0.0356 per share		$ 50	17,750			17,800
Common shares issued for cash valued at $0.0356 per share, shares		500,000
Common shares issued for cash valued at $0.0395 per share		$ 50	19,700			19,750
Common shares issued for cash valued at $0.0395 per share, shares		500,000
Forex gain (loss) on consolidation				(6,169)		(6,169)
Ending balance, value at Sep. 30, 2022	$ 400	$ 18,302	5,476,880	(6,169)	(4,205,663)	1,283,751
Ending balance, shares at Sep. 30, 2022	4,000,000	183,025,550
Beginning balance, value at Jun. 30, 2022	$ 400	$ 14,802	5,120,380	(6,169)	(3,979,597)	1,149,816
Beginning balance, shares at Jun. 30, 2022	4,000,000	148,025,550
Net loss					(226,065)	(226,065)
Common shares issued for cash valued at $0.01 per share		$ 3,000	297,000			300,000
Common shares issued for cash valued at $0.03 per share, shares		30,000,000
Common shares issued for services valued at $0.012 per share		$ 500	59,500			60,000
Common shares issued for services valued at $0.012 per share, shares		5,000,000
Ending balance, value at Sep. 30, 2022	$ 400	$ 18,302	$ 5,476,880	$ (6,169)	$ (4,205,663)	$ 1,283,751
Ending balance, shares at Sep. 30, 2022	4,000,000	183,025,550

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Share issued for services per share		$ 0.22
Share issued for services per share, one		0.18
Share issued for per share		0.10
Financing cost, price per share		0.12
Share issued for services per share, two		0.25
Share issued for per share	$ 0.01	0.01
Share issued for services per share, three	0.012	0.012
Share issued for services per share, four		0.27
Debt conversion price		0.10
Share issued for services per share, five		0.20
Share issued for services per share, seven		0.21
Share issued for per share, two		0.10
Share issued for services per share, ten		$ 0.25
Share issued for per share, three	0.0625
Share issued for services per share, eleven	0.0625
Share issued for per share, four	0.05
Share issued for per share, five	0.0408
Financing cost, price per share two	0.0323
Share issued for per share, six	0.0356
Share issued for per share, seven	$ 0.0395

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Cash Flows [Abstract]
Net loss	$ (974,984)	$ (977,933)
Adjustments to reconcile net loss to net cash used in operating activities:
Software depreciation and amortization	140,019	205,847
Common stock issued for services	525,271	1,192,653
Acquired tangible assets	9,641
Acquired intangible assets	(56,458)
Change in assets and liabilities:
Gross accounts receivable	(35,500)	(32,957)
Accounts payable	(8,715)	234,515
Subscription receivable		(200,000)
OID of promissory note	(55,000)
Other current liabilities	107,730
Other current assets	90,775	(560,869)
Accrued interest	4,139	3,943
Increase in accrued payroll tax	29,829	29,816
Net cash used in operating activities	(223,252)	(104,985)
Investing Activities:
Capitalized software	(174,225)	(205,700)
Net cash used in investing activities	(174,225)	(205,700)
Financing Activities:
Borrowing from (payments to) line of credit	2,331	543
Proceeds from promissory note	550,000
Net proceeds from SBA & PPP loan	(10,876)	(3,074)
Related party advances	(81,000)	95,000
Net proceeds from common stock	114,185	200,000
Decrease in non-controlling interest	(18,476)
Forex gain (loss) on consolidation	(6,169)
Net cash provided by financing activities	549,995	292,469
Net increase (decrease) in cash	152,518	(18,216)
Cash at beginning of the period	93,546	22,467
Cash at end of the period	246,064	4,251
Cash paid for income taxes
Cash paid for interest
Common stock issued for note conversion		$ 1,256,908

BUSINESS DESCRIPTION AND NATURE

BUSINESS DESCRIPTION AND NATURE OF OPERATIONS	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
BUSINESS DESCRIPTION AND NATURE OF OPERATIONS	BUSINESS DESCRIPTION AND NATURE OF OPERATIONS Under Delaware laws, the founders incorporated the Company as Forex Development Corporation on January 21, 2016. On February 27, 2018, the Company changed its name to FDCTech, Inc. The name change reflects the Company’s commitment to expanding its products and services in the FX and cryptocurrency markets for OTC brokers. The Company provides innovative and cost-efficient financial technology (‘fintech’) and business solutions to OTC Online Brokerages and cryptocurrency businesses (“customers”). The Company intends to build a diversified global financial services company driven by proprietary Condor trading technologies, complementary regulatory licenses, and a proven executive team. The Company plans to acquire, integrate, transform, and scale legacy financial service companies. The Company believes that its proprietary technology and software development capabilities allow legacy financial services companies immediate exposure to –forex, stocks, ETFs, commodities, crypto, social/copy trading, and other high-growth fintech markets. From December 2021 onwards, the Company expects to grow from its acquisition strategy, specializing in buying and integrating small to mid-size legacy financial services companies. The Company intends to build a diversified global software-driven financial services company. The Company plans to acquire, integrate, transform, and scale legacy financial service companies. The Company replaces conventional legacy software infrastructure with its regulatory-grade proprietary Condor trading technologies, intending to improve end-user experience, increase client retention, and realize cost synergies. On December 22, 2021, the Company entered into a Share Exchange Agreement (the “Agreement”) with AD Financial Services Pty Ltd ACN 628 331 117 of Level 38/71 Eagle St, Brisbane, Queensland, Australia, 4000 (“ADFP” or “Target”). According to the Agreement, the Company acquired 51 45,000,000 100 51 Post-acquisition of ADS, we have two primary business segments, (1) Wealth Management and (2) Technology and Software Development. Wealth Management AD Advisory Services Pty Ltd. (ADS) is an Australian-regulated wealth management company with 20 offices, 28 advisors, and $530+ million in funds under advice. ADS provides licensing solutions for financial advisers & accountants in Australia. ADS offers different licensing, compliance, and education solutions to financial planners to meet the specific needs of their practice. ADS’ revenues, cost of sales, and gross profits for the nine months ended September 30, 2022, were $ 4.35 3.94 0.41 On July 19, 2022, the Company signed a non-binding letter of intent to acquire eighty percent ( 80 20,000 180,000 NOTE 1. BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (continued) Technology & Software Development The Company secures and earns revenues by signing an agreement with its customers. The Company considers a signed agreement with its customers, a binding contract with the customer, or other similar documentation reflecting the terms and conditions under which the Company will provide products or services as persuasive evidence of an arrangement. Each agreement is specific to the customer and clearly defines each party’s fee schedule, duties and responsibilities, renewal and termination terms, confidentiality agreement, dispute resolution, and other clauses necessary for such a contract. The material terms of contracts with customers depend on the nature of services and solutions. Each contract is specific to the customer and clearly defines each party’s fee schedule, duties and responsibilities, renewal and termination terms, confidentiality agreement, dispute resolution, and other clauses necessary for such contract. The consolidated revenues, cost of sales, and gross profits for Technology and Software Development for the nine months ended September 30, 2022, were $ 249,000 140,019 108,981 The Company is a technology provider and software developer in the cryptocurrency or digital asset space. The Company does not mine any digital assets or trade or act as a counterparty in cryptocurrencies. Consequently, the Company does not intend to register as a custodian with state or federal regulators, including but not limited to obtaining a money service business or money transmitter license with Financial Crimes Enforcement Network (FinCEN) and respective State’s money transmission laws. The Company also does not need to register under the Securities Exchange Act of 1934, as amended, as a national securities exchange, an alternative trading system, or a broker-dealer since the Company is not a broker-dealer nor does it intend to become a broker-dealer. Customers sometimes compensate us in Bitcoin through our custodian Gemini Trust Company, LLC (“Gemini”). Gemini is a licensed New York trust company that undergoes regular bank exams and is subject to cybersecurity audits conducted by the New York Department of Financial Services. We are a development company in the financial technology sector with limited operations. The Company has prepared consolidated financial statements on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the ordinary business course. The Company has no patents or trademarks on its proprietary technology solutions. The Company has three sources of revenue. ● Consulting Services ● Technology Solutions ● Customized Software Development In the retail foreign exchange trading space, where individuals speculate on the exchange rate between different currencies, our customers are forex brokerages, prime of prime brokers, prime brokers, and banks. The Company generates revenues by licensing its trading technology infrastructure, including but not limited to the trading platform (desktop, web, mobile), back office, and CRM and banking integration technology. The Company acts as an adviser/strategic consultant and reseller of its proprietary technologies in the cryptocurrency and blockchain space. The Company expects to generate additional revenue from its crypto-related solutions. Such solutions include revenues from the development of a custom crypto exchange platform for customers, the sale of the non-exclusive source code of the crypto exchange platform to third parties, white-label fees of crypto exchange platforms, and the sale of aggregated cryptocurrency data price feed from various crypto exchanges to OTC brokers. The Company initially plans to develop the technology architecture of the crypto exchange platform for its customers. The initial capital required to produce such technologies comes from our customers as the Company takes on design-build software development projects for customers. The Company develops these projects to meet the customer’s design criteria and performance requirements. The Company has completed the Condor Pro Multi-Asset Trading Platform, previously known as the Condor FX Trading Platform. The Condor Pro Multi-Asset Trading Platform is a commercial trading platform targeted at day traders and retail investors. The industry characterized such platforms by their ease of use and helpful features, such as the simplified front-end (user interface/user experience), back-end (reporting system), news feeds, and charting system. The Condor Pro Multi-Asset Trading Platform includes risk management (dealing desk, alert system, margin calls, etc.), a pricing engine (best bid/ask), and connectivity to multiple liquidity providers or market makers. We have tailored the Condor Pro Multi-Asset Trading Platform to different markets, such as forex, stocks, commodities, cryptocurrencies, and other financial products. The Company released, marketed, and distributed its Condor Pro Multi-Asset Trading Platform in the second quarter of the fiscal year, December 31, 2019. The Company has developed the Condor Back Office API to integrate third-party CRM and banking systems into Condor Back Office. The Company has six (6) licensing agreements for its Condor Pro Multi-Asset Trading Platform. The Company is continuously negotiating additional licensing agreements with several retail online brokers to use the Condor Pro Multi-Asset Trading Platform. Condor Pro Multi-Asset Trading Platform is available in desktop, web, and mobile versions. The Company’s upgraded Condor Back Office (Risk Management) meets various jurisdictions’ regulatory requirements. Condor Back Office meets the directives under the Markets in Financial Instruments Directive (MiFID II/MiFIR), legislation by European Securities and Market Authority (ESMA) implemented across the European Union on January 3, 2018. The Company is developing the Condor Investing & Trading App, a simplified trading platform for traders with varied experiences in trading stocks, ETFs, and other financial markets from their mobile phones. The Company expects to commercialize the Condor Investing & Trading App by the end of the second quarter of the fiscal year ended December 31, 2022. The Company had developed NFT Marketplace, a decentralized NFT marketplace, a multichain platform with a lazy minting option to reduce and limit unnecessary blockchain usage fees, also known as gas fees. The Company expects to commercialize the NFT Marketplace by the end of the fourth quarter of the fiscal year ended December 31, 2022. The Company and its subsidiary, ADS, are developing a digital wealth management company, which will initially include a Robo Advice Platform catering to Australia’s wealth management industry. The Company expects to commercialize the Robo Advice Platform by the fiscal year ending December 31, 2022. Subsidiaries of the Company AD Advisory Services Pty Ltd. (ADS) is an Australian-regulated wealth management company with 20 offices, 28 advisors, and $530+ million in funds under advice. ADS provides licensing solutions for financial advisers & accountants in Australia. ADS offers different licensing, compliance, and education solutions to financial planners to meet the specific needs of their practice. ADS’ revenues, cost of sales, and gross profits for the nine months ended September 30, 2022, were $4.35 million, $3.94 million, and $0.41 million, respectively. Settlement of the FRH Group Note Between February 22, 2016, and April 24, 2017, the Company borrowed $ 1,000,000 February 28, 2018 0.10 0.05 20,000,000 1,256,908 12,569,080 Termination of Acquisition of Genesis Financial, Inc. In line with the new strategic direction, on June 2, 2021, the Company entered into a Stock Purchase Agreement (the “Genesis Agreement”) with the Shareholders of Genesis Financial, Inc., a Wyoming corporation (“GFNL” or “Seller”). According to the Agreement, the Company plans to acquire 100 70,000,000 35,000,000 On August 24, 2021, FDCTech, Inc., a Delaware corporation (“FDCT” or the “Company” or “Buyer”), terminated the Stock Purchase Agreement (the “Agreement”), dated June 2, 2021, with the Shareholders of Genesis Financial, Inc., a Wyoming corporation (“Genesis” or “Seller”). As of the termination date, the Company did not issue any Securities to the Seller. The Company could not complete nor qualify the Agreement as Genesis could not comply with several non-exhaustive material provisions, covenants, or conditions. On June 9, 2021, and in connection with the previous description of the Genesis Agreement, dated June 2, 2021, the Company appointed Warwick Kerridge as Chairman of the Company’s Board of Directors. Effective August 24, 2021, the Company terminated the appointment of Warwick Kerridge as the Board of Directors. The Company approved the termination upon the consent of the majority of the stockholders representing at least 68.73 Equity Line of Credit On October 04, 2021, the Company filed a prospectus that relates to the resale of up to 22,670,000 2,200,000 2,000,000 20,000,000 670,000 125,112 Our cash balance is $ 246,064 93,546 Governmental Regulation FDCTech is a publicly traded company subject to SEC and FINRA’s rules and regulations regarding public disclosure, financial reporting, internal controls, and corporate governance. Our wealth management business, AD Advisory Services (ADS), is subject to enhanced regulatory scrutiny and is regulated by multiple regulators in Australia. The Australian Securities and Investments Commission (ASIC) administers a licensing regime for ‘financial services providers. ADS holds an Australian Financial Services License (AFSL) and meets various compliance, conduct, and disclosure obligations. Board of Directors Effective January 1, 2021, Naim Abdullah resigned as the Director of the Company. On July 6, 2021, the Board of Directors of FDCTech, Inc. (the “Company”) increased from four to five directors and appointed Charles R. Provini, age 74, to the vacancy. Mr. Provini is considered independent under NYSE and NASDAQ listing standards. Mr. Provini has been the Chairman, CEO, and President of Natcore Technology Inc. since May 2009, a research and development company protected by 65 patents granted or pending. From November 1997 to October 2000, he was the President of Ladenburg Thalmann Asset Management and a Director of Ladenburg Thalmann, Inc., one of the oldest members of the New York Stock Exchange. He served as President of Laidlaw Asset Management and Chairman and Chief Investment Officer of Howe & Rusling, Laidlaw’s Portfolio Management Advisory Group, from November 1995 to September 1997. Mr. Provini served as President of Rodman & Renshaw’s Advisory Services from February 1994 to August 1995. He was the President of LaSalle Street Corporation, a wholly-owned subsidiary of Donaldson, Lufkin & Jenrette, from January 1983 to April 1985. Mr. Provini has been a leadership instructor at the U.S. Naval Academy, Chairman of the U.S. Naval Academy’s Honor Board, and is a former Marine Corp. officer. Mr. Provini holds an undergraduate Engineering degree from the U.S. Naval Academy in Annapolis, Maryland, and a post-graduate degree from the University of Oklahoma. Upon termination of Mr. Kerridge, effective August 24, 2021, the Company had four Board of Directors. Mitchell M. Eaglstein shall be the acting Chairman of the Company. Mitchell M. Eaglstein and Imran Firoz are the executive directors of the Company. Jonathan Baumgart and Charles R. Provini are independent directors under NYSE and NASDAQ listing standards. On November 30, 2021, Charles R. Provini, a member of the Board of Directors of FDCTech, Inc. (the “Company”), notified the Company of his intention to voluntarily resign from the Company’s Board of Directors effective November 30, 2021. Mr. Provini did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies, or practices. Upon the resignation of Mr. Provini, the Company currently has three Board of Directors. On September 30, 2022, the Company appointed Gope S. Kundnani as the Director of the Company. Upon the appointment of Mr. Kundnani, the Company currently has four Board of Directors. Mr. Kundnani is a seasoned entrepreneur with several decades of experience building successful businesses in the United States, the Middle East, and the United Kingdom. From May 2018 to the present, Mr. Kundnani was the founder and current Director of Alchemy Prime Markets, a financial brokerage services company regulated by the Financial Conduct Authority (FCA). From December 2018 to the present, Mr. Kundnani founded and is the Director of Blackthorn Finance Limited, an authorized payments financial services company regulated by the FCA. From May 2004 to April 2008, Mr. Kundnani was the Director of Tristar Group, responsible for investing and acquiring small retail businesses in the Texas region. From February 1999 to the present, Mr. Kundnani has been a partner and CEO of Flexo Pack, a polyethylene product manufacturer with a global customer base. Mr. Kundnani holds an undergraduate business degree from Mulund College of Commerce, Mumbai, India. Changes in Registrant’s Certifying Accountant On July 2, 2021, the Board of Directors of FDCTech, Inc. (the “Company”) approved the dismissal of Farber Hass Hurley LLP (“FHH”) as the Company’s independent registered public accounting firm. The reports of FHH on the Company’s consolidated financial statements for the fiscal years ended December 31, 2020, and 2019 did not contain an adverse opinion or a disclaimer of opinion. It was not qualified or modified for uncertainty audit scope or accounting principles. On July 2, 2021, the Company appointed BF Borgers CPA PC (“BFB”) as the Company’s new independent registered public accounting firm, effective immediately, to perform independent audit services for the fiscal year ending December 31, 2021. Rounding Error Due to rounding, numbers presented in the financial statements for the period ending September 30, 2022 and 2021, and for December 31, 2021, and throughout the report may not add up precisely to the totals provided, and percentages may not exactly reflect the absolute figures. Description of Company’s Securities to be Registered Effective September 03, 2021, the Company incorporated by reference the description of its common stock, par value $ 0.0001 Covid-19 In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic throughout the United States. While the initial outbreak concentrated in China, it spread to several other countries, including Russia and Cyprus, and reported infections globally. Many countries worldwide, including the United States, have significant governmental measures being implemented to control the spread of the virus, including temporary closure of businesses, severe restrictions on travel and the movement of people, and other material limitations on business. These measures have resulted in work stoppages, absenteeism in the Company’s labor workforce, and other disruptions. The extent to which the coronavirus impacts our operations will depend on future developments. These developments are highly uncertain. We cannot predict them with confidence, including the duration and severity of the outbreak and the actions required to contain the coronavirus or treat its impact. In particular, the spread of the coronavirus globally could adversely impact our operations and workforce, including our marketing and sales activities and ability to raise additional capital, which could harm our business, financial condition, and operation results. Ukraine-Russia Conflict The geopolitical situation in Eastern Europe intensified on February 24, 2022, with Russia’s invasion of Ukraine. The war between the two countries continues to evolve as military activity continues. The United States and certain European countries have imposed additional sanctions on Russia and specific individuals. By the end of August 2022, the Company closed its technical support and development office in Russia. We relocated our personnel to Turkey, currently considered a neutral zone. No individual associated with the Company is banned or under Special Designated Nationals and Blocked Person list. If the military activities worsen and expand in Europe, we may relocate our office from Turkey to other neutral zones in Asia. If we cannot relocate our technical and development operations to a safer zone, it may impact our software development capabilities and negatively impact the Company’s business plans. As of the date of this report, there has been no disruption in our operations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of FDCTech, Inc. and its wholly-owned subsidiary. We have eliminated all intercompany balances and transactions. The Company has prepared the consolidated financial statements consistent with its accounting policies in its financial statements. The Company has measured and presented its consolidated financial statements in US Dollars, the currency of the primary economic environment in which it operates (also known as its functional currency). Financial Statement Preparation and Use of Estimates The Company prepared consolidated financial statements according to accounting principles generally accepted in the United States of America (“GAAP”). The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions. This could affect the reported amounts of assets and liabilities, the related disclosures at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the presented periods. Estimates include revenue recognition, the allowance for doubtful accounts, website and internal-use software development costs, recoverability of intangible assets with finite lives, and other long-lived assets. Actual results could materially differ from these estimates. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment due to the coronavirus (“COVID-19”). Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held with banks, and other short-term, highly liquid investments with three months or less of original maturities. On September 30, 2022, and December 31, 2021, the Company had $ 246,064 93,546 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Accounts Receivable Accounts Receivable primarily represents the amount due from four (4) technology customers. In some cases, the customer receivables are due immediately on demand; however, in most cases, the Company offers net 30 terms or n/30, where the payment is due in full 30 days after the invoice’s date. The Company has based the allowance for doubtful accounts on its assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering historical experience, credit quality, the accounts receivable balances’ age, and economic conditions that may affect a customer’s ability to pay and expected default frequency rates. Trade receivables are written off at the point when they are considered uncollectible. At September 30, 2022, and December 31, 2021, the Management determined that the allowance for doubtful accounts was $ 117,487 117,487 Sales, Marketing, and Advertising The Company recognizes sales, marketing, and advertising expenses when incurred. The Company incurred $ 69,692 277,327 4.55 375.15 The Company incurred $ 309,140 499,320 6.72 225.93 The sales and marketing cost mainly included travel costs for tradeshows, customer meet and greet, online marketing on industry websites, press releases, and public relations activities. Revenue Recognition On January 1, 2019, the Company adopted ASU 2014-09 Revenue from Contracts with Customers. Most of the Company’s technology and software revenues come from two contracts – IT support and maintenance (‘IT Agreement’) and software development (‘Second Amendment’) that fall within the scope of ASC 606. The Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services per the contract with the customer. As a result, the Company accounts for revenue contracts with customers by applying the requirements of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (Topic 606), which includes the following steps: ● Identify the contract or contracts and subsequent amendments with the customer. ● Identify all the performance obligations in the contract and subsequent amendments. ● Determine the transaction price for completing performance obligations. ● Allocate the transaction price to the performance obligations in the contract. ● Recognize the revenue when, or as, the Company satisfies a performance obligation. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2019. The Company presents results for reporting periods beginning after January 1, 2019, under ASC 606, while prior period amounts are reported following legacy GAAP. In addition to the above guidelines, the Company also considers implementation guidance on warranties, customer options, licensing, and other topics. The Company considers revenue collectability, methods for measuring progress toward complete satisfaction of a performance obligation, warranties, customer options for additional goods or services, nonrefundable upfront fees, licensing, customer acceptance, and other relevant categories. The Company accounts for a contract when the Company and the customer (‘parties’) have approved the contract and are committed to performing their respective obligations. Each party can identify its rights, obligations, and payment terms; the contract has commercial substance. The Company will probably collect all of the consideration. Revenue is recognized when performance obligations are satisfied by transferring control of the promised service to a customer. The Company fixes the transaction price for goods and services at contract inception. The Company’s standard payment terms are generally net 30 days and, in some cases, due upon receipt of the invoice. The Company considers the change in scope, price, or both as contract modifications. The parties describe contract modification as a change order, a variation, or an amendment. A contract modification exists when the parties to the contract approve a modification that either creates new or changes existing enforceable rights and obligations. The Company assumes a contract modification by oral agreement or implied by the customer’s customary business practice when agreed in writing. If the parties to the contract have not approved a contract modification, the Company continues to apply the existing contract’s guidance until the contract modification is approved. The Company recognizes contract modification in various forms –partial termination, an extension of the contract term with a corresponding price increase, adding new goods or services to the contract, with or without a corresponding price change, and reducing the contract price without a change in goods/services promised. At contract inception, the Company assesses the solutions or services, or bundles of solutions and services, obligated in the contract with a customer to identify each performance obligation within the contract and then evaluate whether the performance obligations are capable of being distinct and distinct within the context of the agreement. Solutions and services that are not capable of being distinct and distinct within the contract context are combined and treated as a single performance obligation in determining the allocation and recognition of revenue. For multi-element transactions, the Company allocates the transaction price to each performance obligation on a relative stand-alone selling price basis. The Company determines the stand-alone selling price for each item at the transaction’s inception involving these multiple elements. Since January 21, 2016 (‘Inception’), the Company has derived its revenues mainly from consulting services, technology solutions, and customized software development. The Company recognizes revenue when it has satisfied a performance obligation by transferring control over a product or delivering a service to a customer. We measure revenue based upon the consideration outlined in an arrangement or contract with a customer. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company’s typic The Company’s typical performance obligations include the following: Performance Obligation Types of Deliverables When Performance Obligation is Typically Satisfied Consulting Services Consulting related to Start-Your-Own-Brokerage (“SYOB”), Start-Your-Own-Prime Brokerage (“SYOPB”), Start-Your-Own-Crypto Exchange (“SYOC”), FX/OTC liquidity solutions and lead generations. The Company recognizes the consulting revenues when the customer receives services over the contract length. If the customer pays the Company in advance for these services, the Company records such payment as deferred revenue until the Company completes the services. Technology Services Licensing of Condor Risk Management Back Office (“Condor Risk Management”), Condor FX Pro Trading Terminal, Condor Pricing Engine, Crypto Trading Platform (“Crypto Web Trader Platform”), and other cryptocurrency-related solutions. The Company recognizes ratably over the contractual period that the services are delivered, beginning on the date such service is made available to the customer. Licensing agreements are typically one year in length with an option to cancel by giving notice; customers have the right to terminate their agreements if the Company materially breaches its obligations under the agreement. Licensing agreements do not provide customers the right to take possession of the software. The Company charges the customers a set-up fee for installing the platform, and implementation activities are insignificant and not subject to a separate fee. Software Development Design and build development software projects for customers, where the Company develops the project to meet the design criteria and performance requirements as specified in the contract. The Company recognizes the software development revenues when the Customer obtains control of the deliverables as stated in the Statement-of-Work contract. The Company assumes that the goods or services promised in the existing contract will be transferred to the customer to determine the transaction price. The Company believes that the contract will not be canceled, renewed, or modified; therefore, the transaction price includes only those amounts to which the Company has rights under the present contract. For example, if the Company enters into a contract with a customer with an original term of one year and expects the customer to renew for a second year, the Company will determine the transaction price based on the initial one-year period. When choosing the transaction price, the company first identifies the fixed consideration, including non-refundable upfront payment amounts. To allocate the transaction price, the Company gives an amount that best represents the consideration the entity expects to receive for transferring each promised good or service to the customer. The Company allocates the transaction price to each performance obligation identified in the contract on a relative standalone selling price basis to meet the allocation objective. In determining the standalone selling price, the Company uses the best evidence of the stand-alone selling price that the Company charges to similar customers in similar circumstances. In some cases, the Company uses the adjusted market assessment approach to determine the standalone selling price. It evaluates the market in which it sells the goods or services and estimates the price that customers in that market would pay for those goods or services when sold separately. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company recognizes revenue when it transfers the promised goods or services in the contract. The Company considers the “transfers” of the promised goods or services when the customer obtains control of the goods or services. The Company considers a customer “obtains control” of an asset when it can directly use and receive all the remaining benefits from an asset substantially. The Company recognizes deferred revenue related to services it will deliver within one year as a current liability. The Company presents deferred revenue related to services that the Company will provide more than one year into the future as a non-current liability. According to the technology contract’s terms and conditions, the Company invoices the customer at the beginning of the month for the month’s services. The invoice amount is due upon receipt. The Company recognizes the revenue at the end of each month, equal to the invoice amount. AD Advisory Services Pty (ADS), the Company’s wealth management revenue, primarily consists of advisory revenue, commission revenue from insurance products, fees to prepare the statement of advice, rebalancing portfolio, and other financial planning activities. We recognize revenue upon transferring services to customers, reflecting the consideration we expect to receive in exchange for those services. If we accept payments in advance of services, we defer and recognize them as revenue when satisfied with our performance obligation. Advisory revenue includes fees charged to clients in advisory accounts for which we are the licensed investment advisor. We bill advisory fees weekly. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Concentrations of Credit Risk Cash The Company maintains its cash balances at a single financial institution. The account balances do not exceed FDIC limits as of September 30, 2022, and December 31, 2021. Revenues Three months ended September 30, 2022 Technology & Software Revenue – The Company generated Technology & Software Revenue of $ 92,500 73,925 85.71 89.36 Wealth Management Revenue – the Company’s subsidiary ADS generated $ 1,437,626 Nine months ended September 30, 2022 Technology & Software Revenue – The Company generated Technology & Software Revenue of $ 249,000 221,003 86.16 78.15 Wealth Management Revenue – the Company’s subsidiary ADS generated $ 4,348,097 Accounts Receivable Accounts Receivable primarily represents the amount due from three (3) active technology customers. In some cases, the customer receivables are due immediately on demand; however, in most cases, the Company offers net 30 terms or n/30, where the payment is due in full 30 days after the invoice’s date. The Company has based the allowance for doubtful accounts on its assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering historical experience, credit quality, the accounts receivable balances’ age, and economic conditions that may affect a customer’s ability to pay and expected default frequency rates. Trade receivables are written off at the point when they are considered uncollectible. At September 30, 2022, and December 31, 2021, the Management determined that the allowance for doubtful accounts was $ 117,487 117,487 no Research and Development (R and D) Cost The Company acknowledges that future benefits from research and development (R and D) are uncertain, so we cannot capitalize on R and D expenditures. The GAAP accounting standards require us to expense all research and development expenditures as incurred. For the nine months ended September 30, 2022, and 2021, the Company incurred R and D costs of $ 1,800 15,600 Legal Proceedings The Company discloses a loss contingency if at least a reasonable possibility that a material loss has been incurred. The Company records its best estimate of loss related to pending legal proceedings when the loss is considered probable, and the amount can be reasonably estimated. The Company can reasonably estimate a range of loss with no best estimate; the Company records the minimum estimated liability. As additional information becomes available, the Company assesses the potential liability of pending legal proceedings, revises its estimates, and updates its disclosures accordingly. The Company’s legal costs associated with defending itself are recorded as expenses incurred. The Company is currently not involved in any litigation. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment under FASB ASC 360, Property, Plant, and Equipment. Under the standard, long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. An impairment charge is recognized for the amount if and when the asset’s carrying value exceeds the fair value. There are no Provision for Income Taxes The provision for income taxes is determined using the asset and liability method. Under this method, deferred tax assets and liabilities are calculated based upon the temporary differences between the consolidated financial statement and income tax bases of assets and liabilities using the enacted tax rates applicable each year. The Company utilizes a two-step approach to recognizing and measuring uncertain tax positions (“tax contingencies”). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount, which is more than 50% likely to be realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and benefits, requiring periodic adjustments, which may not accurately forecast actual outcomes. The Company includes interest and penalties related to tax contingencies in the provision of income taxes in the operations’ consolidated statements. The Company’s management does not expect the total amount of unrecognized tax benefits to change significantly in the next twelve (12) months. Software Development Costs By ASC 985-20, Software development costs, including costs to develop software sold, leased, or otherwise marketed, are capitalized after establishing technological feasibility, if significant. The Company amortizes the capitalized software development costs using the straight-line amortization method over the application software’s estimated useful life. By the end of February 2016, the Company completed the technical feasibility of the Condor FX Back Office, Condor Pro Multi-Asset Trading Platform Version, and Condor Pricing Engine. The Company established the technical feasibility of the Crypto Web Trader Platform in February 2018. The Company completed the technical feasibility of the Condor Investing and Trading App in January 2021. The Company estimates the useful life of the software to be three ( 3 Amortization expense was $ 19,032 68,616 140,019 205,847 The Company is developing the Condor Investing and Trading App and NFT Marketplace. The Company is currently capitalizing the costs associated with the development. The R and D costs in the period ending September 30, 2022, were due to evaluating the technological feasibility costs of the Robo Advice Platform. The R and D costs in the period ending September 30, 2021, were due to evaluating the technological feasibility costs of the Condor Investing and Trading App. The Company capitalizes major costs incurred during the application development stage for internal-use software. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Convertible Debentures The cash conversion guidance in ASC 470-20, Debt with Conversion and Other Options, is considered when evaluating the accounting for convertible debt instruments (this includes certain convertible preferred stock that is classified as a liability) to determine whether the conversion feature should be recognized as a separate component of equity. The cash conversion guidance applies to all convertible debt instruments that, upon conversion, may be settled entirely or partially in cash or other assets where the conversion option is not bifurcated and separately accounted for pursuant to ASC 815. If the conversion features of conventional convertible debt provide a conversion rate below market value, this feature is characterized as a beneficial conversion feature (“BCF”). The Company records BCF as a debt discount pursuant to ASC Topic 470-20, Debt with Conversion and Other Options. In those circumstances, the convertible debt is recorded net of the discount related to the BCF. The Company amortizes the discount to interest expense over the life of the debt using the effective interest method. As of December 31, 2020, the conversion features of conventional FRH Group convertible notes dated February 22, 2016, May 16, 2016, November 17, 2016, and April 24, 2017 (See Note 8) provide for a rate of conversion where the conversion price is below the market value. As a result, the conversion feature on all FRH Group convertible notes has a beneficial conversion feature (“BCF”) to the extent of the price difference. As the Company and FRH Group extended the maturity date of the four (4) tranches of convertible notes to September 30, 2021, Management analyzed the fair value of the BCF on these tranches. The Company noted that the value of the BCF for each note was insignificant; thus, it did not record debt discounts as of December 31, 2020. For FRH Group convertible note dated April 24, 2017, the stock’s value at the issuance date was above the floor conversion price; this feature is characterized as a beneficial conversion feature (“BCF”). The Company records a BCF as a debt discount pursuant to ASC Topic 470-20, “Debt with Conversion and Other Options.” As a result, the convertible debt is recorded net of the discount related to the BCF. As of December 31, 2017, the Company has amortized the discount of $ 97,996 The $ 97,996 Foreign Currency Translation and Re-measurement The Company translates its foreign operations to US dollar following ASC 830, “ Foreign Currency Matters We have translated the local currency of ADS, the Australian Dollar (“AUD”), into US$1.00 at the following exchange rates for the respective dates: The exchange rate at the reporting end date: SCHEDULE OF EXCHANGE RATE September 30, 2022 USD: AUD $ 1.5647 Average exchange rate for the period: July 1, 2022, to September 30, 2022 USD: AUD $ 1.436 The Company subsidiary’s functional currency is AUD, and reporting currency is the US dollar. The Company translates its records into USD as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Fair Value The Company uses current market values to recognize certain assets and liabilities at a fair value. The fair value is the estimated price at which the Company can sell the asset or settle a liability in an orderly transaction to a third party under current market conditions. The Company uses the following methods and valuation techniques for deriving fair values: Market Approach – The market approach uses the prices associated with actual market transactions for similar or identical assets and liabilities to derive a fair value. Income Approach – The income approach uses estimated future cash flows or earnings, adjusted by a discount rate representing the time value of money and the risk of cash flows not being achieved to derive a discounted present value. Cost Approach – The cost approach uses the estimated cost to replace an asset adjusted for the obsolescence of the existing asset. The Company ranks the fair value hierarchy of information sources from Level 1 (best) to Level 3 (worst). The Company uses these three levels to select inputs for valuation techniques: Level I Level 2 Level 3 Level 1 is a quoted price for an identical item in an active market on the measurement date. Level 1 is the most reliable evidence of fair value and is used whenever this information is available. Level 2 is directly or indirectly observable inputs other than quoted prices. An example of a Level 2 input is a valuation multiple for a business unit based on comparable companies’ sales, EBITDA, or net income. Level 3 is an unobservable input. It may include the company’s data, adjusted for other reasonably available information. Examples of a Level 3 input are an internally-generated financial forecast. Basic and Diluted Income (Loss) per Share The Company follows ASC 260, Earnings Per Share, to account for earnings per share. Basic earnings per share (“EPS”) calculations are determined by dividing net loss by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. As of September 30, 2022, and December 31, 2021, the Company had 148,525,500 141,811,264 12,569,080 1,002,849 977,933 Reclassifications We have reclassified certain prior period amounts to conform to the current year’s presentation. None of these classifications impacted reported operating loss or net loss for any period presented. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific requirements. ASU 2014-09 establishes a five-step revenue recognition process; an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from customers’ contracts. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which defers the effective date of ASU 2014-09 by one (1) year. The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2019. The Company presents results for reporting periods beginning after January 1, 2019, under ASC 606, while prior period amounts are reported following legacy GAAP. Refer to Note 2 Revenue from Major Contracts with Customers for further discussion on the Company’s accounting policies for revenue sources within the scope of ASC 606. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 840) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments to this standard are effective for fiscal years beginning after December 15, 2019. Early adoption of the amendments in this standard is permitted for all entities. The Company must recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company adopted this policy as of January 1, 2020, and there is no material effect on its financial reporting. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty. The amendments removed and modified certain disclosure requirements in Topic 820. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain amendments are to be applied prospectively, while others are to be applied retrospectively. Early adoption is permitted. The Company adopted the ASU 2018-13 as of January 1, 2020. The Company used the Level 1 Fair Market Measurement to record, at cost, ADS’ intangible assets valued at $2,550,003. We evaluate acquired intangible assets for impairment at least annually to confirm if the carrying amount of acquired intangible assets exceeds their fair value. The acquired intangible assets primarily consist of assets under management, wealth management license, and our technology. We use various qualitative or quantitative methods for these impairment tests to estimate the fair value of our acquired intangible assets. If the fair value is less than its carrying value, we would recognize an impairment charge for the difference. The Company did not record impairment for September 30, 2022, and the fiscal year ended December 31, 2021. 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”, issued in August 2020 simplifies the accounting for convertible debt and convertible preferred stock by removing the requirements to present certain conversion features in equity separately. In addition, the amendments also simplify the guidance in ASC Subtopic 815-40, Derivatives and Hedging: Contracts in Entity’s Own Equity, by removing certain criteria that must be satisfied to classify a contract as equity, which is expected to decrease the number of freestanding instruments and embedded derivatives accounted for as assets or liabilities. Finally, the amendments revise the guidance on calculating earnings per share, requiring the use of the if-converted method for all convertible instruments and rescinding an entity’s ability to rebut the presumption of share settlement for instruments that may be settled in cash or other assets. The amendments are effective for public companies for fiscal years beginning after December 15, 2021. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. The guidance must be adopted as of the beginning of the fiscal year of adoption. The Company does not expect this ASU 2020-06 to impact its condensed consolidated financial statements. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

MANAGEMENT_S PLANS

MANAGEMENT’S PLANS	9 Months Ended
	Sep. 30, 2022
Managements Plans
MANAGEMENT’S PLANS	NOTE 3. MANAGEMENT’S PLANS The Company has prepared consolidated financial statements on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the ordinary business course. At September 30, 2022, and December 31, 2021, the accumulated deficit was $ 4,205,663 3,230,679 730,545 199,132 During the three months ended September 30, 2022, and 2021, the Company incurred a net loss of $ 217,432 490,391 1,002,849 977,933 Since its inception, the Company has sustained recurring losses and negative cash flows from operations. As of September 30, 2022, and December 31, 2021, the Company had $ 246,064 93,546 The Company’s ability to continue as a going concern may depend on the Management’s plans discussed below. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and liabilities that might be necessary should the Company be unable to continue as a going concern. To the extent the Company’s operations are insufficient to fund the Company’s capital requirements, the Management may attempt to enter into a revolving loan agreement with financial institutions or raise capital through the sale of additional capital stock or issuance of debt. The Management intends to continue its efforts to enhance its revenue from its diversified portfolio of technological solutions, become cash flow positive, and raise funds through private placement offerings and debt financing. See Note 8 for Notes Payable. As the Company increases its customer base globally, it intends to acquire long-lived assets that will provide a future economic benefit beyond fiscal 2022. On January 27, 2022, the Company signed a promissory note (‘AJB Note’) with AJB Capital Investments, LLC (‘AJB Capital’), a Delaware limited liability company, for the principal amount of $ 550,000 July 27, 2022 155,000 2,214,286 .07 1,000,000 3 0.30

CAPITALIZED SOFTWARE COSTS

CAPITALIZED SOFTWARE COSTS	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
CAPITALIZED SOFTWARE COSTS	NOTE 4. CAPITALIZED SOFTWARE COSTS During the three months ended September 30, 2022, and 2021, the estimated remaining weighted-average useful life of the Company’s capitalized software was three ( 3 At September 30, 2022, and December 31, 2021, the gross capitalized software asset was $ 1,491,383 1,317,158 806,315 460,450 685,067 650,862

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5. RELATED PARTY TRANSACTIONS In April 2016, the Company established its wholly-owned subsidiary – FRH Prime Ltd. (“FRH Prime”), a company incorporated under section 14 of Bermuda’s Companies Act 1981. In January 2017, FRH Prime established its wholly-owned subsidiary – FXClients Limited (“FXClients”), under the United Kingdom Companies Act. The Company established FRH Prime and FXClients to conduct financial technology service activities. The Company established FRH Prime and FXClients to conduct financial technology service activities. At present, both companies have ceased to exist. For the fiscal year ended December 31, 2021, and 2020, FRH Prime has generated volume rebates of $ 0 1,861 Between February 22, 2016, and April 24, 2017, the Company borrowed $ 1,000,000 April 24, 2019, and September 30, 2019 0.10 0.05 6 Between March 15 and 21, 2017, subject to the terms and conditions of the Stock Purchase Agreement, the Company issued 1,000,000 400,000 0.05 70,000 On February 22, 2021, the Company entered into an Assignment of Debt Agreement (the “Agreement”) with FRH and FRH Group Corporation. The Company eliminated all four FRH Group convertible notes, including interest, of $ 1,256,908 12,569,080 The Company paid off all the outstanding related parties’ liabilities as of January 31, 2022.

LINE OF CREDIT

LINE OF CREDIT	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
LINE OF CREDIT	NOTE 6. LINE OF CREDIT As of June 24, 2016, the Company obtained an unsecured revolving line of credit of $ 40,000 12 25 41,577 39,246

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 7. NOTES PAYABLE Convertible Notes Payable – Related Party Between February 22, 2016, and April 24, 2017, the Company borrowed $ 1,000,000 April 24, 2019, and September 30, 2019 0.10 0.05 6 At December 31, 2020, the current portion of convertible notes payable and accrued interest was $ 1,000,000 256,908 At December 31, 2019, the current portion of convertible notes payable and accrued interest was $ 1,000,000 196,908 At December 31, 2020, there was no non-current portion of the Notes payable and accrued interest. The Company will pay the Notes’ outstanding principal amount, together with interest at 6 10 NOTE 7. NOTES PAYABLE (continued) Convertible Notes Payable – Related Party On February 22, 2016, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of One Hundred Thousand and 00/100 Dollars ($ 100,000 February 28, 2018 0.10 1,000,000 0.10 30 0.05 2,000,000 On May 16, 2016, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of Four Hundred Thousand and 00/100 Dollars ($ 400,000 May 31, 2018 0.10 4,000,000 0.10 30 0.05 8,000,000 On November 17, 2016, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of Two Hundred and Fifty Thousand and 00/100 Dollars ($ 250,000 November 30, 2018 0.10 2,500,000 0.10 30 0.05 5,000,000 On April 24, 2017, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of Two Hundred and Fifty Thousand and 00/100 Dollars ($ 250,000 April 24, 2019 0.10 2,500,000 0.10 30 0.05 5,000,000 NOTE 7. NOTES PAYABLE (continued) FRH Group Note Summary SCHEDULE OF NOTES PAYABLE Date of Note: 2/22/2016 5/16/2016 11/17/2016 4/24/2017 Original Amount of Note: $ 100,000 $ 400,000 $ 250,000 $ 250,000 Outstanding Principal Balance: $ - $ - $ - $ - Conversion Date (1) 02/22/2021 02/22/2021 02/22/2021 02/22/2021 Interest Rate: 6 % 6 % 6 % 6 % Date to which interest has been paid: Accrued Accrued Accrued Accrued Conversion Rate on February 22, 2021: $ 0.10 $ 0.10 $ 0.10 $ 0.10 Floor Conversion Price: $ 0.05 $ 0.05 $ 0.05 $ 0.05 Number Shares Converted for Original Note: 1,000,000 4,000,000 2,500,000 2,500,000 Number Shares Converted for Interest: 29,117 111,000 61,792 55,000 (1) Note Extension 1,256,908 12,569,080 Cares Act – Paycheck Protection Program (PPP Note) On May 01, 2020, the Company received proceeds of Fifty-Thousand Six Hundred and Thirty-Two ($ 50,632 1.00 the maturity date of two (2) years from the funding date of the PPP Note SBA Loan On May 22, 2020, the Company received hundred and forty-four thousand nine hundred and 00/100 Dollars ($ 144,900 707 3.75 144,900 133,320 AJB Note On January 27, 2022, the Company signed a promissory note (‘AJB Note’) with AJB Capital Investments, LLC (‘AJB Capital’), a Delaware limited liability company, for the principal amount of $ 550,000 July 27, 2022 155,000 2,214,286 71,521 1,000,000 3 0.30 Economic Injury Disaster Loan (EIDL) The Small Business Administration offers the Economic Injury Disaster Loan program. The CARES Act changed the program to provide an emergency grant of up to $ 10,000 4,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8. COMMITMENTS AND CONTINGENCIES Office Facility and Other Operating Leases The rental expense was $ 20,323 22,765 From October 2019 to the present, the Company has rented its servers, computers, and data center from an unrelated third party. Under the rent Agreement, the lessor provides furniture and fixtures and any leasehold improvements at Irvine Office, as discussed in Note 2. From February 2019 to the present, the Company leases office space in Limassol District, Cyprus, from an unrelated party for a year. The office’s rent payment is $ 1,750 From February 2020, this agreement continues every year upon written request by the Company. The Company uses the office for sales and marketing in Europe and Asia. From April 2019 to the present, the Company has leased office space in Chelyabinsk, Russia, from an unrelated party for an eleven ( 11 500 Employment Agreement The Company gave all salary compensation to key executives as independent contractors, where Eaglstein, Firoz, and Platt committed one hundred percent (100%) of their time to the Company 5,000 12,000 Accrued Interest At September 30, 2022, and December 31, 2021, the cumulative accrued interest for SBA and other loans defined as an accrued non-current was $ 13,363 9,224 Pending Litigation The management is not aware of any actions, suits, investigations, or proceedings (public or private) pending against, threatened against, or affecting any of the assets or affiliates of the Company. Tax Compliance Matters The Company has estimated payroll tax liabilities based on its officers’ reclassification from independent contractors to employees from the fiscal ended December 31, 2017, to 2020. As of September 30, 2022, the Company has assessed federal and state payroll tax payments in the aggregate amount of $ 194,936

STOCKHOLDERS_ EQUITY (DEFICIT)

STOCKHOLDERS’ EQUITY (DEFICIT)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY (DEFICIT)	NOTE 9. STOCKHOLDERS’ EQUITY (DEFICIT) Authorized Shares On February 12, 2021, the Company filed the Certificate of Amendment with the Secretary of State of Deleware to change authorized shares. As per the Amendment, the Company shall have the authority to issue 260,000,000 250,000,000 .0001 10,000,000 .0001 On February 17, 2022, the Company filed the Information Statement pursuant to Section 14C of the Securities Exchange Act of 1934 and informed all holders of record on February 10, 2022 (the “Record Date”) of the common stock, $ 0.0001 1. To amend our certificate of incorporation, as amended (the “Certificate”), to increase the number of authorized shares of common stock from 250,000,000 500,000,000 2. To approve the Company’s 2022 Equity Plan (the “2022 Equity Plan”) On February 10, 2022, our Board unanimously approved the Corporate Actions. To eliminate the costs and management time for a special meeting and to effect the actions, the Company chose to obtain the written consent of a majority of the Company’s voting power to approve the actions described in the Information Statement following Sections 228 and 242 of the Delaware General Corporation Law (the “DGCL”) and per our bylaws. On February 10, 2022, the Approving Stockholders approved the Corporate Actions by written consent. The Approving Stockholders (common stock only) own 96,778,105 64.62 As of September 30, 2022, and December 31, 2021, the Company’s authorized capital stock consists of 10,000,000 0.0001 250,000,000 0.0001 As of September 30, 2022, and December 31, 2021, the Company had 183,025,550 141,811,264 4,000,000 The preferred stock has fifty votes for each share of preferred shares owned. The preferred shares have no other rights, privileges, and higher claims on the Company’s assets and earnings than common stock. Preferred Stock On December 12, 2016, the Board agreed to issue 2,600,000 400,000 1,000,00 4,000,000 Common Stock On January 21, 2016, the Company collectively issued 30,000,000 5,310,000 30,000,000 5,310,000 On December 12, 2016, the Company issued 28,600,000 On March 15, 2017, the Company issued 1,000,000 50,000 On March 15, 2017, the Company issued 1,500,000 75,000 On March 17, 2017, subject to the terms and conditions of the Stock Purchase Agreement, the Company issued 1,000,000 50,000 NOTE 9. STOCKHOLDERS’ EQUITY (DEFICIT) (continued) On March 21, 2017, subject to the terms and conditions of the Stock Purchase Agreement, the Company issued 400,000 20,000 Ms. Eaglstein and Mr. Eaglstein are the Mother and Brother, respectively, of Mitchell Eaglstein, the CEO and Director of the Company. From July 1, 2017, to October 03, 2017, the Company has issued 653,332 98,000 On October 31, 2017, the Company issued 70,000 10,500 On January 15, 2019, the Company issued 60,000 9,000 From January 29, 2019 to February 15, 2019, the Company issued 33,000 4,950 2,967,000 Effective June 3, 2020, the Company issued 2,745,053 0.25 686,263 2,745,053 On October 1, 2020, the Company issued 250,000 30,000 On January 31, 2021, the Company issued 2,300,000 621,000 On February 22, 2021, the Company entered into an Assignment of Debt Agreement (the “Agreement”) with FRH and FRH Group Corporation. The Company eliminated all four FRH Group convertible notes, including interest, of $ 1,256,908 12,569,080 On May 19, 2021, the Company issued 1,750,000 350,000 On June 02, 2021, the Company issued 1,750,000 437,500 On June 15, 2021, the Company issued 100,000 21,000 On July 06, 2021, the Company issued 100,000 22,000 On July 20, 2021, the Company issued 545,852 98,253 On October 04, 2021, the Company filed a prospectus related to the resale of shares to White Lion and AD Securities America, LLC. The Company issued 2,000,000 200,000 670,000 80,400 On October 5, 2021, the Company issued 1,500,000 164,250 From October 2021 to November 2021, the Company issued 750,000 62,375 On December 22, 2021, the Company issued 45,000,000 51 In December 2021, the Company issued 5,650,000 169,500 On January 4, 2022, the Company issued 1,500,000 93,750 From January 4, 2022, to February 10, 2022, the Company issued 2,500,000 114,185 On January 27, 2022, the Company signed a promissory note (‘AJB Note’) with AJB Capital Investments, LLC (‘AJB Capital’). The Company issued 2,214,286 71,521 1,000,000 3 0.30 On September 30, 2022, the Company issued 30,000,000 300,000 On September 30, 2022, the Company issued 5,000,000 60,000

WARRANTS

WARRANTS	9 Months Ended
	Sep. 30, 2022
Warrants
WARRANTS	NOTE 10. WARRANTS Effective June 1, 2017, the Company is raising $ 600,000 4,000,000 Each unit (a “Unit”) consists of one (1) share of Common Stock, par value $ .0001 Each Class A Warrant entitles the holder to purchase one ( 1 0.30 Information About the Warrants Outstanding During Fiscal 2022 Follows SCHEDULE OF WARRANTS ACTIVITY Original Number of Warrants Issued Exercise Exercisable at December Became Exercised Terminated / Exercisable Expiration 653,332 $ 0.30 - - - 653,332 - April 2019 The Warrants are redeemable by the Company, upon thirty (30) day notice, at a price of $ .05 1.00 10 The exercise price and the number of shares of Common Stock or other securities issuable on exercise of the Warrants are subject to adjustment in certain circumstances, including stock dividend, recapitalization, reorganization, merger, or consolidation of the Company. However, no Warrant is subject to adjustment for issuances of Common Stock at a price below the exercise price of that Warrant. As of this report’s date, holders did not exercise Class A Warrants, and all Class A Warrants have expired. The Company issued 2,214,286 71,521 1,000,000 3 0.30

OFF-BALANCE SHEET ARRANGEMENTS

OFF-BALANCE SHEET ARRANGEMENTS	9 Months Ended
	Sep. 30, 2022
Off-balance Sheet Arrangements
OFF-BALANCE SHEET ARRANGEMENTS	NOTE 11. OFF-BALANCE SHEET ARRANGEMENTS We have no off-balance sheet arrangements, including arrangements that would affect our liquidity, capital resources, market risk support, credit risk support, or other benefits.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12. SUBSEQUENT EVENTS None.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of FDCTech, Inc. and its wholly-owned subsidiary. We have eliminated all intercompany balances and transactions. The Company has prepared the consolidated financial statements consistent with its accounting policies in its financial statements. The Company has measured and presented its consolidated financial statements in US Dollars, the currency of the primary economic environment in which it operates (also known as its functional currency).
Financial Statement Preparation and Use of Estimates	Financial Statement Preparation and Use of Estimates The Company prepared consolidated financial statements according to accounting principles generally accepted in the United States of America (“GAAP”). The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions. This could affect the reported amounts of assets and liabilities, the related disclosures at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the presented periods. Estimates include revenue recognition, the allowance for doubtful accounts, website and internal-use software development costs, recoverability of intangible assets with finite lives, and other long-lived assets. Actual results could materially differ from these estimates. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment due to the coronavirus (“COVID-19”).
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held with banks, and other short-term, highly liquid investments with three months or less of original maturities. On September 30, 2022, and December 31, 2021, the Company had $ 246,064 93,546 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Accounts Receivable	Accounts Receivable Accounts Receivable primarily represents the amount due from four (4) technology customers. In some cases, the customer receivables are due immediately on demand; however, in most cases, the Company offers net 30 terms or n/30, where the payment is due in full 30 days after the invoice’s date. The Company has based the allowance for doubtful accounts on its assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering historical experience, credit quality, the accounts receivable balances’ age, and economic conditions that may affect a customer’s ability to pay and expected default frequency rates. Trade receivables are written off at the point when they are considered uncollectible. At September 30, 2022, and December 31, 2021, the Management determined that the allowance for doubtful accounts was $ 117,487 117,487
Sales, Marketing, and Advertising	Sales, Marketing, and Advertising The Company recognizes sales, marketing, and advertising expenses when incurred. The Company incurred $ 69,692 277,327 4.55 375.15 The Company incurred $ 309,140 499,320 6.72 225.93 The sales and marketing cost mainly included travel costs for tradeshows, customer meet and greet, online marketing on industry websites, press releases, and public relations activities.
Revenue Recognition	Revenue Recognition On January 1, 2019, the Company adopted ASU 2014-09 Revenue from Contracts with Customers. Most of the Company’s technology and software revenues come from two contracts – IT support and maintenance (‘IT Agreement’) and software development (‘Second Amendment’) that fall within the scope of ASC 606. The Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services per the contract with the customer. As a result, the Company accounts for revenue contracts with customers by applying the requirements of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (Topic 606), which includes the following steps: ● Identify the contract or contracts and subsequent amendments with the customer. ● Identify all the performance obligations in the contract and subsequent amendments. ● Determine the transaction price for completing performance obligations. ● Allocate the transaction price to the performance obligations in the contract. ● Recognize the revenue when, or as, the Company satisfies a performance obligation. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2019. The Company presents results for reporting periods beginning after January 1, 2019, under ASC 606, while prior period amounts are reported following legacy GAAP. In addition to the above guidelines, the Company also considers implementation guidance on warranties, customer options, licensing, and other topics. The Company considers revenue collectability, methods for measuring progress toward complete satisfaction of a performance obligation, warranties, customer options for additional goods or services, nonrefundable upfront fees, licensing, customer acceptance, and other relevant categories. The Company accounts for a contract when the Company and the customer (‘parties’) have approved the contract and are committed to performing their respective obligations. Each party can identify its rights, obligations, and payment terms; the contract has commercial substance. The Company will probably collect all of the consideration. Revenue is recognized when performance obligations are satisfied by transferring control of the promised service to a customer. The Company fixes the transaction price for goods and services at contract inception. The Company’s standard payment terms are generally net 30 days and, in some cases, due upon receipt of the invoice. The Company considers the change in scope, price, or both as contract modifications. The parties describe contract modification as a change order, a variation, or an amendment. A contract modification exists when the parties to the contract approve a modification that either creates new or changes existing enforceable rights and obligations. The Company assumes a contract modification by oral agreement or implied by the customer’s customary business practice when agreed in writing. If the parties to the contract have not approved a contract modification, the Company continues to apply the existing contract’s guidance until the contract modification is approved. The Company recognizes contract modification in various forms –partial termination, an extension of the contract term with a corresponding price increase, adding new goods or services to the contract, with or without a corresponding price change, and reducing the contract price without a change in goods/services promised. At contract inception, the Company assesses the solutions or services, or bundles of solutions and services, obligated in the contract with a customer to identify each performance obligation within the contract and then evaluate whether the performance obligations are capable of being distinct and distinct within the context of the agreement. Solutions and services that are not capable of being distinct and distinct within the contract context are combined and treated as a single performance obligation in determining the allocation and recognition of revenue. For multi-element transactions, the Company allocates the transaction price to each performance obligation on a relative stand-alone selling price basis. The Company determines the stand-alone selling price for each item at the transaction’s inception involving these multiple elements. Since January 21, 2016 (‘Inception’), the Company has derived its revenues mainly from consulting services, technology solutions, and customized software development. The Company recognizes revenue when it has satisfied a performance obligation by transferring control over a product or delivering a service to a customer. We measure revenue based upon the consideration outlined in an arrangement or contract with a customer. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company’s typic The Company’s typical performance obligations include the following: Performance Obligation Types of Deliverables When Performance Obligation is Typically Satisfied Consulting Services Consulting related to Start-Your-Own-Brokerage (“SYOB”), Start-Your-Own-Prime Brokerage (“SYOPB”), Start-Your-Own-Crypto Exchange (“SYOC”), FX/OTC liquidity solutions and lead generations. The Company recognizes the consulting revenues when the customer receives services over the contract length. If the customer pays the Company in advance for these services, the Company records such payment as deferred revenue until the Company completes the services. Technology Services Licensing of Condor Risk Management Back Office (“Condor Risk Management”), Condor FX Pro Trading Terminal, Condor Pricing Engine, Crypto Trading Platform (“Crypto Web Trader Platform”), and other cryptocurrency-related solutions. The Company recognizes ratably over the contractual period that the services are delivered, beginning on the date such service is made available to the customer. Licensing agreements are typically one year in length with an option to cancel by giving notice; customers have the right to terminate their agreements if the Company materially breaches its obligations under the agreement. Licensing agreements do not provide customers the right to take possession of the software. The Company charges the customers a set-up fee for installing the platform, and implementation activities are insignificant and not subject to a separate fee. Software Development Design and build development software projects for customers, where the Company develops the project to meet the design criteria and performance requirements as specified in the contract. The Company recognizes the software development revenues when the Customer obtains control of the deliverables as stated in the Statement-of-Work contract. The Company assumes that the goods or services promised in the existing contract will be transferred to the customer to determine the transaction price. The Company believes that the contract will not be canceled, renewed, or modified; therefore, the transaction price includes only those amounts to which the Company has rights under the present contract. For example, if the Company enters into a contract with a customer with an original term of one year and expects the customer to renew for a second year, the Company will determine the transaction price based on the initial one-year period. When choosing the transaction price, the company first identifies the fixed consideration, including non-refundable upfront payment amounts. To allocate the transaction price, the Company gives an amount that best represents the consideration the entity expects to receive for transferring each promised good or service to the customer. The Company allocates the transaction price to each performance obligation identified in the contract on a relative standalone selling price basis to meet the allocation objective. In determining the standalone selling price, the Company uses the best evidence of the stand-alone selling price that the Company charges to similar customers in similar circumstances. In some cases, the Company uses the adjusted market assessment approach to determine the standalone selling price. It evaluates the market in which it sells the goods or services and estimates the price that customers in that market would pay for those goods or services when sold separately. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company recognizes revenue when it transfers the promised goods or services in the contract. The Company considers the “transfers” of the promised goods or services when the customer obtains control of the goods or services. The Company considers a customer “obtains control” of an asset when it can directly use and receive all the remaining benefits from an asset substantially. The Company recognizes deferred revenue related to services it will deliver within one year as a current liability. The Company presents deferred revenue related to services that the Company will provide more than one year into the future as a non-current liability. According to the technology contract’s terms and conditions, the Company invoices the customer at the beginning of the month for the month’s services. The invoice amount is due upon receipt. The Company recognizes the revenue at the end of each month, equal to the invoice amount. AD Advisory Services Pty (ADS), the Company’s wealth management revenue, primarily consists of advisory revenue, commission revenue from insurance products, fees to prepare the statement of advice, rebalancing portfolio, and other financial planning activities. We recognize revenue upon transferring services to customers, reflecting the consideration we expect to receive in exchange for those services. If we accept payments in advance of services, we defer and recognize them as revenue when satisfied with our performance obligation. Advisory revenue includes fees charged to clients in advisory accounts for which we are the licensed investment advisor. We bill advisory fees weekly. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Concentrations of Credit Risk	Concentrations of Credit Risk Cash The Company maintains its cash balances at a single financial institution. The account balances do not exceed FDIC limits as of September 30, 2022, and December 31, 2021. Revenues Three months ended September 30, 2022 Technology & Software Revenue – The Company generated Technology & Software Revenue of $ 92,500 73,925 85.71 89.36 Wealth Management Revenue – the Company’s subsidiary ADS generated $ 1,437,626 Nine months ended September 30, 2022 Technology & Software Revenue – The Company generated Technology & Software Revenue of $ 249,000 221,003 86.16 78.15 Wealth Management Revenue – the Company’s subsidiary ADS generated $ 4,348,097 Accounts Receivable Accounts Receivable primarily represents the amount due from three (3) active technology customers. In some cases, the customer receivables are due immediately on demand; however, in most cases, the Company offers net 30 terms or n/30, where the payment is due in full 30 days after the invoice’s date. The Company has based the allowance for doubtful accounts on its assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering historical experience, credit quality, the accounts receivable balances’ age, and economic conditions that may affect a customer’s ability to pay and expected default frequency rates. Trade receivables are written off at the point when they are considered uncollectible. At September 30, 2022, and December 31, 2021, the Management determined that the allowance for doubtful accounts was $ 117,487 117,487 no
Research and Development (R and D) Cost	Research and Development (R and D) Cost The Company acknowledges that future benefits from research and development (R and D) are uncertain, so we cannot capitalize on R and D expenditures. The GAAP accounting standards require us to expense all research and development expenditures as incurred. For the nine months ended September 30, 2022, and 2021, the Company incurred R and D costs of $ 1,800 15,600
Legal Proceedings	Legal Proceedings The Company discloses a loss contingency if at least a reasonable possibility that a material loss has been incurred. The Company records its best estimate of loss related to pending legal proceedings when the loss is considered probable, and the amount can be reasonably estimated. The Company can reasonably estimate a range of loss with no best estimate; the Company records the minimum estimated liability. As additional information becomes available, the Company assesses the potential liability of pending legal proceedings, revises its estimates, and updates its disclosures accordingly. The Company’s legal costs associated with defending itself are recorded as expenses incurred. The Company is currently not involved in any litigation. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment under FASB ASC 360, Property, Plant, and Equipment. Under the standard, long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. An impairment charge is recognized for the amount if and when the asset’s carrying value exceeds the fair value. There are no
Provision for Income Taxes	Provision for Income Taxes The provision for income taxes is determined using the asset and liability method. Under this method, deferred tax assets and liabilities are calculated based upon the temporary differences between the consolidated financial statement and income tax bases of assets and liabilities using the enacted tax rates applicable each year. The Company utilizes a two-step approach to recognizing and measuring uncertain tax positions (“tax contingencies”). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount, which is more than 50% likely to be realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and benefits, requiring periodic adjustments, which may not accurately forecast actual outcomes. The Company includes interest and penalties related to tax contingencies in the provision of income taxes in the operations’ consolidated statements. The Company’s management does not expect the total amount of unrecognized tax benefits to change significantly in the next twelve (12) months.
Software Development Costs	Software Development Costs By ASC 985-20, Software development costs, including costs to develop software sold, leased, or otherwise marketed, are capitalized after establishing technological feasibility, if significant. The Company amortizes the capitalized software development costs using the straight-line amortization method over the application software’s estimated useful life. By the end of February 2016, the Company completed the technical feasibility of the Condor FX Back Office, Condor Pro Multi-Asset Trading Platform Version, and Condor Pricing Engine. The Company established the technical feasibility of the Crypto Web Trader Platform in February 2018. The Company completed the technical feasibility of the Condor Investing and Trading App in January 2021. The Company estimates the useful life of the software to be three ( 3 Amortization expense was $ 19,032 68,616 140,019 205,847 The Company is developing the Condor Investing and Trading App and NFT Marketplace. The Company is currently capitalizing the costs associated with the development. The R and D costs in the period ending September 30, 2022, were due to evaluating the technological feasibility costs of the Robo Advice Platform. The R and D costs in the period ending September 30, 2021, were due to evaluating the technological feasibility costs of the Condor Investing and Trading App. The Company capitalizes major costs incurred during the application development stage for internal-use software. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Convertible Debentures	Convertible Debentures The cash conversion guidance in ASC 470-20, Debt with Conversion and Other Options, is considered when evaluating the accounting for convertible debt instruments (this includes certain convertible preferred stock that is classified as a liability) to determine whether the conversion feature should be recognized as a separate component of equity. The cash conversion guidance applies to all convertible debt instruments that, upon conversion, may be settled entirely or partially in cash or other assets where the conversion option is not bifurcated and separately accounted for pursuant to ASC 815. If the conversion features of conventional convertible debt provide a conversion rate below market value, this feature is characterized as a beneficial conversion feature (“BCF”). The Company records BCF as a debt discount pursuant to ASC Topic 470-20, Debt with Conversion and Other Options. In those circumstances, the convertible debt is recorded net of the discount related to the BCF. The Company amortizes the discount to interest expense over the life of the debt using the effective interest method. As of December 31, 2020, the conversion features of conventional FRH Group convertible notes dated February 22, 2016, May 16, 2016, November 17, 2016, and April 24, 2017 (See Note 8) provide for a rate of conversion where the conversion price is below the market value. As a result, the conversion feature on all FRH Group convertible notes has a beneficial conversion feature (“BCF”) to the extent of the price difference. As the Company and FRH Group extended the maturity date of the four (4) tranches of convertible notes to September 30, 2021, Management analyzed the fair value of the BCF on these tranches. The Company noted that the value of the BCF for each note was insignificant; thus, it did not record debt discounts as of December 31, 2020. For FRH Group convertible note dated April 24, 2017, the stock’s value at the issuance date was above the floor conversion price; this feature is characterized as a beneficial conversion feature (“BCF”). The Company records a BCF as a debt discount pursuant to ASC Topic 470-20, “Debt with Conversion and Other Options.” As a result, the convertible debt is recorded net of the discount related to the BCF. As of December 31, 2017, the Company has amortized the discount of $ 97,996 The $ 97,996
Foreign Currency Translation and Re-measurement	Foreign Currency Translation and Re-measurement The Company translates its foreign operations to US dollar following ASC 830, “ Foreign Currency Matters We have translated the local currency of ADS, the Australian Dollar (“AUD”), into US$1.00 at the following exchange rates for the respective dates: The exchange rate at the reporting end date: SCHEDULE OF EXCHANGE RATE September 30, 2022 USD: AUD $ 1.5647 Average exchange rate for the period: July 1, 2022, to September 30, 2022 USD: AUD $ 1.436 The Company subsidiary’s functional currency is AUD, and reporting currency is the US dollar. The Company translates its records into USD as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period
Fair Value	Fair Value The Company uses current market values to recognize certain assets and liabilities at a fair value. The fair value is the estimated price at which the Company can sell the asset or settle a liability in an orderly transaction to a third party under current market conditions. The Company uses the following methods and valuation techniques for deriving fair values: Market Approach – The market approach uses the prices associated with actual market transactions for similar or identical assets and liabilities to derive a fair value. Income Approach – The income approach uses estimated future cash flows or earnings, adjusted by a discount rate representing the time value of money and the risk of cash flows not being achieved to derive a discounted present value. Cost Approach – The cost approach uses the estimated cost to replace an asset adjusted for the obsolescence of the existing asset. The Company ranks the fair value hierarchy of information sources from Level 1 (best) to Level 3 (worst). The Company uses these three levels to select inputs for valuation techniques: Level I Level 2 Level 3 Level 1 is a quoted price for an identical item in an active market on the measurement date. Level 1 is the most reliable evidence of fair value and is used whenever this information is available. Level 2 is directly or indirectly observable inputs other than quoted prices. An example of a Level 2 input is a valuation multiple for a business unit based on comparable companies’ sales, EBITDA, or net income. Level 3 is an unobservable input. It may include the company’s data, adjusted for other reasonably available information. Examples of a Level 3 input are an internally-generated financial forecast.
Basic and Diluted Income (Loss) per Share	Basic and Diluted Income (Loss) per Share The Company follows ASC 260, Earnings Per Share, to account for earnings per share. Basic earnings per share (“EPS”) calculations are determined by dividing net loss by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. As of September 30, 2022, and December 31, 2021, the Company had 148,525,500 141,811,264 12,569,080 1,002,849 977,933
Reclassifications	Reclassifications We have reclassified certain prior period amounts to conform to the current year’s presentation. None of these classifications impacted reported operating loss or net loss for any period presented. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific requirements. ASU 2014-09 establishes a five-step revenue recognition process; an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from customers’ contracts. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which defers the effective date of ASU 2014-09 by one (1) year. The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2019. The Company presents results for reporting periods beginning after January 1, 2019, under ASC 606, while prior period amounts are reported following legacy GAAP. Refer to Note 2 Revenue from Major Contracts with Customers for further discussion on the Company’s accounting policies for revenue sources within the scope of ASC 606. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 840) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments to this standard are effective for fiscal years beginning after December 15, 2019. Early adoption of the amendments in this standard is permitted for all entities. The Company must recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company adopted this policy as of January 1, 2020, and there is no material effect on its financial reporting. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty. The amendments removed and modified certain disclosure requirements in Topic 820. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain amendments are to be applied prospectively, while others are to be applied retrospectively. Early adoption is permitted. The Company adopted the ASU 2018-13 as of January 1, 2020. The Company used the Level 1 Fair Market Measurement to record, at cost, ADS’ intangible assets valued at $2,550,003. We evaluate acquired intangible assets for impairment at least annually to confirm if the carrying amount of acquired intangible assets exceeds their fair value. The acquired intangible assets primarily consist of assets under management, wealth management license, and our technology. We use various qualitative or quantitative methods for these impairment tests to estimate the fair value of our acquired intangible assets. If the fair value is less than its carrying value, we would recognize an impairment charge for the difference. The Company did not record impairment for September 30, 2022, and the fiscal year ended December 31, 2021. 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”, issued in August 2020 simplifies the accounting for convertible debt and convertible preferred stock by removing the requirements to present certain conversion features in equity separately. In addition, the amendments also simplify the guidance in ASC Subtopic 815-40, Derivatives and Hedging: Contracts in Entity’s Own Equity, by removing certain criteria that must be satisfied to classify a contract as equity, which is expected to decrease the number of freestanding instruments and embedded derivatives accounted for as assets or liabilities. Finally, the amendments revise the guidance on calculating earnings per share, requiring the use of the if-converted method for all convertible instruments and rescinding an entity’s ability to rebut the presumption of share settlement for instruments that may be settled in cash or other assets. The amendments are effective for public companies for fiscal years beginning after December 15, 2021. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. The guidance must be adopted as of the beginning of the fiscal year of adoption. The Company does not expect this ASU 2020-06 to impact its condensed consolidated financial statements. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
SCHEDULE OF EXCHANGE RATE	The exchange rate at the reporting end date: SCHEDULE OF EXCHANGE RATE September 30, 2022 USD: AUD $ 1.5647 Average exchange rate for the period: July 1, 2022, to September 30, 2022 USD: AUD $ 1.436

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
SCHEDULE OF NOTES PAYABLE	FRH Group Note Summary SCHEDULE OF NOTES PAYABLE Date of Note: 2/22/2016 5/16/2016 11/17/2016 4/24/2017 Original Amount of Note: $ 100,000 $ 400,000 $ 250,000 $ 250,000 Outstanding Principal Balance: $ - $ - $ - $ - Conversion Date (1) 02/22/2021 02/22/2021 02/22/2021 02/22/2021 Interest Rate: 6 % 6 % 6 % 6 % Date to which interest has been paid: Accrued Accrued Accrued Accrued Conversion Rate on February 22, 2021: $ 0.10 $ 0.10 $ 0.10 $ 0.10 Floor Conversion Price: $ 0.05 $ 0.05 $ 0.05 $ 0.05 Number Shares Converted for Original Note: 1,000,000 4,000,000 2,500,000 2,500,000 Number Shares Converted for Interest: 29,117 111,000 61,792 55,000 (1) Note Extension 1,256,908 12,569,080

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2022
Warrants
SCHEDULE OF WARRANTS ACTIVITY	Information About the Warrants Outstanding During Fiscal 2022 Follows SCHEDULE OF WARRANTS ACTIVITY Original Number of Warrants Issued Exercise Exercisable at December Became Exercised Terminated / Exercisable Expiration 653,332 $ 0.30 - - - 653,332 - April 2019

BUSINESS DESCRIPTION AND NATU_2

BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

9 Months Ended

14 Months Ended

Sep. 30, 2022

Dec. 22, 2021

Oct. 04, 2021

Aug. 24, 2021

Jun. 02, 2021

Feb. 22, 2021

Apr. 24, 2017

Mar. 15, 2017

Feb. 10, 2022

Feb. 15, 2019

Sep. 30, 2022

Sep. 30, 2021

Sep. 30, 2022

Sep. 30, 2021

Apr. 24, 2017

Jul. 19, 2022

Feb. 17, 2022

Dec. 31, 2021

Sep. 03, 2021

Feb. 12, 2021

Product Information [Line Items]

Newly issued restricted common shares

30,000,000

1,000,000

Revenue

$ 1,530,126

$ 73,925

$ 4,597,097

$ 221,003

Cost of sales

1,331,424

68,616

4,077,602

205,847

Gross profit

198,702

$ 5,309

519,495

$ 15,156

Debt instrument convertible conversion price

$ 0.10

$ 0.10

Interest

$ 1,256,908

Sale of stock shares

2,967,000

Number of shares issued during period

33,000

Line of credit

$ 41,577

41,577

41,577

$ 39,246

Cash

$ 246,064

$ 246,064

$ 246,064

$ 93,546

Common stock, par value

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

Maximum [Member]

Product Information [Line Items]

Sale of stock shares

22,670,000

Sale of stock amount

$ 2,200,000

AD Advisory Services Private Limited [Member]

Product Information [Line Items]

Revenue

$ 4,350,000

Cost of sales

3,940,000

Gross profit

410,000

FRH Group Ltd [Member] | Convertible Promissory Notes [Member]

Product Information [Line Items]

Debt instrument, face value

$ 1,000,000

$ 1,000,000

Debt maturity description

April 24, 2019, and September 30, 2019

February 28, 2018

Debt instrument convertible conversion price

$ 0.10

$ 0.10

FRH Group Ltd [Member] | Convertible Promissory Notes [Member] | Maximum [Member]

Product Information [Line Items]

Debt instrument convertible conversion price

$ 0.05

$ 0.05

Number shares converted for original note

20,000,000

AD Securities America LLC [Member]

Product Information [Line Items]

Number of shares issued during period

2,000,000

AD Securities America LLC [Member] | Maximum [Member]

Product Information [Line Items]

Number of shares issued during period

2,000,000

White Lion LLC [Member]

Product Information [Line Items]

Newly issued restricted common shares

2,500,000

Wealth Management [Member]

Product Information [Line Items]

Revenue

$ 1,437,626

4,348,097

Cost of sales

1,312,392

3,937,582

Wealth Management [Member] | AD Advisory Services Private Limited [Member]

Product Information [Line Items]

Revenue

4,350,000

Cost of sales

3,940,000

Gross profit

410,000

Technology and Software [Member]

Product Information [Line Items]

Revenue

$ 92,500

$ 73,925

249,000

$ 221,003

Cost of sales

140,019

Gross profit

$ 108,981

Genesis Financial, Inc. [Member]

Product Information [Line Items]

Business acquisition, equity interest issued or issuable, number of shares

70,000,000

Business acquisition, equity interest issued or issuable, value assigned

$ 35,000,000

Share Exchange Agreement [Member] | AD Advisory Services Private Limited [Member]

Product Information [Line Items]

Equity method investment ownership percentage

100%

Share Exchange Agreement [Member] | AD Financial Services Private Limited [Member]

Product Information [Line Items]

Business acquisition, percentage of voting interests acquired

51%

Newly issued restricted common shares

45,000,000

Share Exchange Agreement [Member] | CIM Securities LLC [Member]

Product Information [Line Items]

Business acquisition, percentage of voting interests acquired

80%

Security non-refundable deposit

$ 20,000

Business acquisition, percentage of voting interests acquired

$ 180,000

Assignment of Debt Agreement [Member] | FRH Group Corporation [Member]

Product Information [Line Items]

Interest

$ 1,256,908

Number of shares issued during period

12,569,080

Assignment of Debt Agreement [Member] | FRH Group Corporation [Member]

Product Information [Line Items]

Number of shares issued during period

12,569,080

Stock Purchase Agreement [Member] | Genesis Financial, Inc. [Member]

Product Information [Line Items]

Business acquisition, percentage of voting interests acquired

100%

Genesis Agreement [Member]

Product Information [Line Items]

Issued and outstanding shares percentage

68.73%

Investment Agreement [Member]

Product Information [Line Items]

Line of credit

$ 125,112

Investment Agreement [Member] | White Lion LLC [Member]

Product Information [Line Items]

Stock issued during period shares on commitment fee

670,000

Investment Agreement [Member] | White Lion LLC [Member] | Maximum [Member]

Product Information [Line Items]

Number of shares issued during period

20,000,000

SCHEDULE OF EXCHANGE RATE (Deta

SCHEDULE OF EXCHANGE RATE (Details)	Sep. 30, 2022
Period End U S D To A U D [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
USD: AUD	1.5647
Average End U S D To A U D [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
USD: AUD	1.436

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 22, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2017
Product Information [Line Items]
Cash and cash equivalents		$ 246,064		$ 246,064		$ 93,546
Allowances for accounts receivable		117,487		117,487		117,487
Sales and marketing		69,692	$ 277,327	309,140	$ 499,320
Revenue from contract with customer excluding assessed tax		1,530,126	73,925	4,597,097	221,003
Provision for doubtful accounts		$ 0	$ 0
Research and development expense				1,800	15,600
Impairment charges				$ 0		$ 0
Finite-lived intangible asset, useful life		3 years	3 years	3 years
Amortization expense		$ 19,032	$ 68,616	$ 140,019	$ 205,847
Amortized discount							$ 97,996
Intrinsic value							$ 97,996
Weighted average number of shares outstanding				148,525,500		141,811,264
Weighted average number of shares issued				148,525,500		141,811,264
Common Stock Equivalents [Member]
Product Information [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount				1,002,849	977,933
Assignment of Debt Agreement [Member] | FRH Group Corporation [Member]
Product Information [Line Items]
Number of shares issued during period	12,569,080
Technology and Software [Member]
Product Information [Line Items]
Revenue from contract with customer excluding assessed tax		92,500	73,925	$ 249,000	$ 221,003
Wealth Management [Member]
Product Information [Line Items]
Revenue from contract with customer excluding assessed tax		$ 1,437,626		$ 4,348,097
Revenue Benchmark [Member] | Sales and Marketing [Member] | Customer [Member]
Product Information [Line Items]
Sales percentage		4.55%	375.15%	6.72%	225.93%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Top 3 Customers [Member]
Product Information [Line Items]
Sales percentage		85.71%	89.36%	86.16%	78.15%

MANAGEMENT_S PLANS (Details Nar

MANAGEMENT’S PLANS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 27, 2022	Feb. 15, 2019	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accumulated deficit			$ 4,205,663		$ 4,205,663		$ 3,230,679
Working capital deficit			730,545		730,545		199,132
Net loss			217,432	$ 490,391	1,002,849	$ 977,933
Cash on hand			$ 246,064		246,064		$ 93,546
Proceeds from issuance of common stock					$ 114,185	$ 200,000
Number of common shares issued		33,000
Share issued price				$ 0.10		$ 0.10
Warrants exercise price per share			$ 0.30		$ 0.30
Securities Purchase Agreement [Member]
Number of common shares issued	2,214,286
Share issued price	$ 0.07
Warrants to purchase common stock	1,000,000
Warrants term	3 years
Warrants exercise price per share	$ 0.30
AJB Capital Investments LLC [Member]
Debt instrument face amount	$ 550,000
Debt instrument maturity date	Jul. 27, 2022
Proceeds from issuance of common stock	$ 155,000
Number of common shares issued	2,214,286
Warrants to purchase common stock	1,000,000
Warrants term	3 years
Warrants exercise price per share	$ 0.30

CAPITALIZED SOFTWARE COSTS (Det

CAPITALIZED SOFTWARE COSTS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated useful life of capitalized software	3 years	3 years	3 years
Gross capitalized software asset	$ 1,491,383		$ 1,491,383	$ 1,317,158
Accumulated software amortization expenses	806,315		806,315	460,450
Unamortized balance of capitalized software	$ 685,067		$ 685,067	$ 650,862

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)				1 Months Ended	3 Months Ended	12 Months Ended		14 Months Ended
	Feb. 22, 2021	Apr. 24, 2017	Mar. 21, 2017	Feb. 15, 2019	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Apr. 24, 2017
Related Party Transaction [Line Items]
Debt conversion price per share					$ 0.10
Debt interest rate							6%
Number of shares issued during period				33,000
Shares Issued, Price Per Share					$ 0.10
Value of shares issued during period				$ 4,950	$ 200,000
Stock Purchase Agreement [Member] | Susan Eaglstein [Member]
Related Party Transaction [Line Items]
Number of shares issued during period			1,000,000
Stock Purchase Agreement [Member] | Brent Eaglstein [Member]
Related Party Transaction [Line Items]
Number of shares issued during period			400,000
Shares Issued, Price Per Share			$ 0.05
Stock Purchase Agreement [Member] | Susan Eaglstein and Brent Eaglstein [Member]
Related Party Transaction [Line Items]
Value of shares issued during period			$ 70,000
Assignment of Debt Agreement [Member] | FRH Group Corporation [Member]
Related Party Transaction [Line Items]
Number of shares issued during period	12,569,080
Interest	$ 1,256,908
FRH Prime Ltd. [Member]
Related Party Transaction [Line Items]
Generated volume rebates						$ 0	$ 1,861
FRH Group Ltd [Member] | Convertible Promissory Notes [Member]
Related Party Transaction [Line Items]
Short term debt		$ 1,000,000						$ 1,000,000
Debt maturity date description		April 24, 2019, and September 30, 2019						February 28, 2018
Debt conversion price per share		$ 0.10						$ 0.10
Debt interest rate		6%						6%
FRH Group Ltd [Member] | Convertible Promissory Notes [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Debt conversion price per share		$ 0.05						$ 0.05

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Jun. 24, 2016
Debt Instrument [Line Items]
Line of credit	$ 41,577	$ 39,246
Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility interest rate at period end	12%
Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility interest rate at period end	25%
Bank of America [Member]
Debt Instrument [Line Items]
Line of credit			$ 40,000

SCHEDULE OF NOTES PAYABLE (Deta

SCHEDULE OF NOTES PAYABLE (Details) - USD ($)							1 Months Ended
		Feb. 22, 2021	Apr. 24, 2017	Nov. 17, 2016	May 16, 2016	Feb. 22, 2016	Feb. 15, 2019	Sep. 30, 2021	Dec. 31, 2020
Short-Term Debt [Line Items]
Interest Rate									6%
Debt conversion price								$ 0.10
Number of shares issued during period							33,000
Assignment of Debt Agreement [Member] | FRH Group Corporation [Member]
Short-Term Debt [Line Items]
Interest Payable		$ 1,256,908
Number of shares issued during period		12,569,080
FRH Group Note [Member]
Short-Term Debt [Line Items]
Original Amount of Note			$ 250,000	$ 250,000	$ 400,000	$ 100,000
Outstanding Principal Balance
Conversion Date	[1]		Feb. 22, 2021	Feb. 22, 2021	Feb. 22, 2021	Feb. 22, 2021
Interest Rate			6%	6%	6%	6%
Date to which interest has been paid			Accrued	Accrued	Accrued	Accrued
Debt conversion price			$ 0.10	$ 0.10	$ 0.10	$ 0.10
Number Shares Converted for Original Note			2,500,000	2,500,000	4,000,000	1,000,000
Number Shares Converted for Interest			55,000	61,792	111,000	29,117
FRH Group Note [Member] | Interest Rate Floor [Member]
Short-Term Debt [Line Items]
Debt conversion price			$ 0.05	$ 0.05	$ 0.05	$ 0.05
[1]Note Extension

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)									1 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended	14 Months Ended
	Jan. 27, 2022	May 22, 2020	May 14, 2020	May 01, 2020	Apr. 24, 2017	Nov. 17, 2016	May 16, 2016	Feb. 22, 2016	Feb. 15, 2019	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2020	Apr. 24, 2017	Dec. 31, 2021	Dec. 31, 2019
Short-Term Debt [Line Items]
Debt instrument convertible conversion price										$ 0.10		$ 0.10
Interest rate													6%
Convertible notes payable, current													$ 1,000,000			$ 1,000,000
Accrued interest													$ 256,908			$ 196,908
Debt instrument periodic interest rate													10%
Loan outstanding amount											$ 133,320				$ 139,699
Proceeds from issuance of common stock											$ 114,185	$ 200,000
Number of shares issued during period									33,000
Value of shares issued during period									$ 4,950	$ 200,000
Warrant price per share											$ 0.30
PPP [Member]
Short-Term Debt [Line Items]
Debt instrument, maturity date, description				the maturity date of two (2) years from the funding date of the PPP Note
Interest rate				1%
Proceed from loans				$ 50,632
Economic Injury Disaster Loan [Member]
Short-Term Debt [Line Items]
Amount received in grants			$ 4,000
Maximum [Member] | Economic Injury Disaster Loan [Member]
Short-Term Debt [Line Items]
Program to offer emergency grant											$ 10,000
FRH Group Ltd [Member] | Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Debt instrument, face value					$ 250,000	$ 250,000	$ 400,000	$ 100,000						$ 250,000
Debt instrument convertible conversion price					$ 0.10	$ 0.10	$ 0.10	$ 0.10						$ 0.10
Debt, maturity date					Apr. 24, 2019	Nov. 30, 2018	May 31, 2018	Feb. 28, 2018
Debt conversion, converted instrument, shares issued					2,500,000	2,500,000	4,000,000	1,000,000
Debt conversion, converted instrument, rate					30%	30%	30%	30%
FRH Group Ltd [Member] | Maximum [Member] | Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Debt instrument convertible conversion price					$ 0.05	$ 0.05	$ 0.05	$ 0.05						$ 0.05
Debt conversion, converted instrument, shares issued					5,000,000	5,000,000	8,000,000	2,000,000
SBA Loan [Member]
Short-Term Debt [Line Items]
Interest rate		3.75%
Loans payable		$ 144,900
Debt principal and interest		$ 707
Loan outstanding amount											$ 133,320
AJB Capital Investments LLC [Member]
Short-Term Debt [Line Items]
Debt instrument, face value	$ 550,000
Debt, maturity date	Jul. 27, 2022
Proceeds from issuance of common stock	$ 155,000
Number of shares issued during period	2,214,286
Value of shares issued during period	$ 71,521
Number of warrant shares	1,000,000
Warrants term	3 years
Warrant price per share	$ 0.30
Convertible Notes Payable [Member] | FRH Group Ltd [Member]
Short-Term Debt [Line Items]
Debt instrument, face value					$ 1,000,000									$ 1,000,000
Debt instrument, maturity date, description														April 24, 2019, and September 30, 2019
Debt instrument convertible conversion price					$ 0.10									$ 0.10
Interest rate					6%									6%
Convertible Notes Payable [Member] | FRH Group Ltd [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Debt instrument convertible conversion price					$ 0.05									$ 0.05

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		1 Months Ended		9 Months Ended		25 Months Ended
	Oct. 01, 2020	Apr. 30, 2019	Feb. 28, 2019	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Rental expense		$ 500		$ 20,323	$ 22,765
Office lease, term		11 months
Accrued interest, current								$ 256,908	$ 196,908
Payroll tax payable				194,936			$ 165,108
FRH Group Note [Member]
Loss Contingencies [Line Items]
Accrued interest, current				$ 13,363			$ 9,224
Chief Executive Officer And Chief Financial Officer [Member]
Loss Contingencies [Line Items]
Monthly compensation	$ 12,000					$ 5,000
Employment Contracts [Member]
Loss Contingencies [Line Items]
Office lease, description				The Company gave all salary compensation to key executives as independent contractors, where Eaglstein, Firoz, and Platt committed one hundred percent (100%) of their time to the Company
General and Administrative Expense [Member]
Loss Contingencies [Line Items]
Rental expense			$ 1,750
Payroll tax payable				$ 194,936

STOCKHOLDERS_ EQUITY (DEFICIT)

STOCKHOLDERS’ EQUITY (DEFICIT) (Details Narrative) - USD ($)

1 Months Ended

2 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2022

Feb. 10, 2022

Jan. 27, 2022

Jan. 04, 2022

Dec. 22, 2021

Oct. 05, 2021

Oct. 04, 2021

Jul. 20, 2021

Jul. 06, 2021

Jun. 15, 2021

Jun. 02, 2021

May 19, 2021

Feb. 22, 2021

Jan. 31, 2021

Oct. 01, 2020

Jun. 03, 2020

Jan. 15, 2019

Oct. 31, 2017

Mar. 21, 2017

Mar. 17, 2017

Mar. 15, 2017

Dec. 12, 2016

Jan. 21, 2016

Feb. 10, 2022

Dec. 31, 2021

Feb. 15, 2019

Nov. 30, 2021

Sep. 30, 2021

Oct. 03, 2017

Sep. 30, 2021

Dec. 31, 2020

Feb. 17, 2022

Sep. 03, 2021

Feb. 12, 2021

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares authorized to issue

260,000,000

Common stock, shares authorized

250,000,000

250,000,000

250,000,000

Common stock, par value

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

$ 0.0001

Preferred stock, shares authorized

10,000,000

10,000,000

10,000,000

Preferred stock par value

$ 0.0001

$ 0.0001

$ 0.0001

Number of shares issued during period

33,000

Common stock, shares issued

183,025,550

141,811,264

Common stock, shares outstanding

183,025,550

141,811,264

Preferred stock, shares issued

4,000,000

4,000,000

Preferred stock, shares outstanding

4,000,000

4,000,000

Number of restricted common shares issued

30,000,000

1,000,000

Number of restricted common shares issued

$ 300,000

$ 50,000

Value of shares issued during period

$ 4,950

$ 200,000

Share issued for sale

2,967,000

Share issued for per share

$ 0.10

$ 0.10

Warrant price per share

$ 0.30

ADFP [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

45,000,000

Controlling interest rate

51%

Assignment of Debt Agreement [Member] | FRH Group Corporation [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

12,569,080

Interest

$ 1,256,908

Securities Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

2,214,286

Value of shares issued during period

$ 71,521

Share issued for per share

$ 0.07

Number of warrant shares

1,000,000

Warrants term

3 years

Warrant price per share

$ 0.30

Benchmark Investments, Inc. [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

2,745,053

Value of shares issued during period

$ 686,263

Share issued for per share

$ 0.25

AD Securities America LLC [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

2,000,000

Value of shares issued during period

$ 200,000

White Lion Capital LLC [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

670,000

Number of restricted common shares issued

750,000

Value of shares issued during period

$ 80,400

White Lion LLC [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

2,500,000

Number of restricted common shares issued

$ 114,185

$ 62,375

Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Value of shares issued during period

Preferred Stock [Member] | FRH Group Ltd [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period for services

1,000

Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

2,000,000

Number of shares issued during period for services

100,000

100,000

Value of shares issued during period

$ 200

One Common Shares and One Class A Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

653,332

Value of shares issued during period

$ 98,000

Mitchell Eaglstein [Member] | Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period for services

2,600,000

Mitchell Eaglstein [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period for services

30,000,000

Imran Firoz [Member] | Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period for services

400,000

Imran Firoz [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period for services

5,310,000

Two Founding Member [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

28,600,000

Three Individuals [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

1,500,000

Number of restricted common shares issued

$ 75,000

Susan Eaglstein [Member] | Stock Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

1,000,000

Value of shares issued during period

$ 50,000

Bret Eaglstein [Member] | Stock Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

400,000

Value of shares issued during period

$ 20,000

Management Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

70,000

Number of restricted common shares issued

$ 10,500

Eight Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

60,000

Number of restricted common shares issued

$ 9,000

Broker Dealer [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Return of common stock, shares

2,745,053

Digital Marketing Consultant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

250,000

Number of restricted common shares issued

$ 30,000

Two Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

2,300,000

Number of restricted common shares issued

$ 621,000

Professional Services [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

1,750,000

Number of restricted common shares issued

$ 350,000

Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

1,500,000

1,500,000

545,852

Number of restricted common shares issued

$ 93,750

$ 164,250

$ 98,253

Consultants [Member] | Genesis Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

1,750,000

Number of restricted common shares issued

$ 437,500

Board Of Directors [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

100,000

100,000

Number of restricted common shares issued

$ 22,000

$ 21,000

Two Board Members [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

5,650,000

Number of restricted common shares issued

$ 169,500

Gope S Kundnani [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

5,000,000

Number of restricted common shares issued

$ 60,000

2022 Equity Plan [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common stock, shares authorized

500,000,000

250,000,000

Number of shares issued during period

96,778,105

Isuued and outstanding voting power percentage

64.62%

SCHEDULE OF WARRANTS ACTIVITY (

SCHEDULE OF WARRANTS ACTIVITY (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Warrants
Original Number of Warrants Issued	653,332
Exercise Price per Common Share | $ / shares	$ 0.30
Exercisable at December 31, 2020
Became Exercisable
Exercised
Terminated/Canceled/Expired	653,332
Exercisable at March 31,2022
Expiration Date	April 2019

WARRANTS (Details Narrative)

WARRANTS (Details Narrative)			1 Months Ended	3 Months Ended	9 Months Ended
	Jan. 27, 2022 USD ($) $ / shares shares	Jun. 01, 2017 USD ($) $ / shares shares	Feb. 15, 2019 USD ($) shares	Sep. 30, 2021 USD ($) $ / shares	Sep. 30, 2022 Days $ / shares shares	Feb. 17, 2022 $ / shares	Dec. 31, 2021 $ / shares	Sep. 03, 2021 $ / shares	Feb. 12, 2021 $ / shares
Number of shares issued during period | shares			33,000
Common stock, par value					$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Share issued for per share				$ 0.10
Warrants exercise price per share					$ 0.30
Value of shares issued during period | $			$ 4,950	$ 200,000
Securities Purchase Agreement [Member]
Number of shares issued during period | shares	2,214,286
Number of warrant shares | shares	1,000,000
Share issued for per share	$ 0.07
Warrants exercise price per share	$ 0.30
Value of shares issued during period | $	$ 71,521
Warrants term	3 years
Class A Warrant [Member]
Number of warrant shares | shares					1
Share issued for per share					$ 0.30
Warrant [Member]
Share issued for per share					1
Warrants exercise price per share					$ 0.05
Trading days | Days					10
Private Placement [Member]
Proceeds from private placement | $		$ 600,000
Description of warrants		Each unit (a “Unit”) consists of one (1) share of Common Stock, par value $.0001 per share (the “Common Stock), and one (1) redeemable Class A Warrant (the “Class A Warrant(s)”) of the Company. The Company closed the private placement effective December 15, 2017
Common stock, par value		$ 0.0001
Private Placement [Member] | Maximum [Member]
Number of shares issued during period | shares		4,000,000