NetBrands (NBND) 10-Q 11 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 07, 2020
Cover [Abstract]
Entity Registrant Name	Global Diversified Marketing Group Inc.
Entity Central Index Key	0001725911
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,082,200
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 72,093	$ 22,291
Accounts receivable	106,114	52,284
Prepaid expenses	25,990	34,176
Inventory	203,779	224,375
Other assets	2,147	4,384
Total current assets	410,124	337,509
Property and equipment, net	1,667	1,945
Operating lease right of use assets	22,367	30,477
Other assets-security deposit	1,600	1,600
Total assets	435,758	371,531
Current liabilities:
Accounts payable and accrued expense	306,318	332,059
Current portion of operating lease payable	20,517	20,517
Government loans payable	29,800
Loans payable	69,860	98,471
Total current liabilities	426,494	451,047
Government loans payable-long term	149,900
Long term liability- operating lease	5,844	15,732
Total liabilities	582,238	466,779
Commitments and contingencies
Stockholders' Equity:
Preferred stock, Series A $.0001 par value, 1,000,000 shares authorized, 1,000 issued and outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized; 13,070,200 and 13,010,200 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	1,361	1,301
Additional paid-in capital	26,218,509	78,169
Retained earnings deficit	(26,366,350)	(174,718)
Total stockholders' equity	(146,480)	(95,248)
Total liabilities and equity	$ 435,758	$ 371,531

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Series A preferred stock, par value	$ 0.0001
Series A preferred stock, authorized	1,000,000
Series A preferred stock, issued	1,000
Series A preferred stock, outstanding	1,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	100,000,000	100,000,000
Common stock, issued	13,070,200	13,010,200
Common stock, outstanding	13,070,200	13,010,200

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Sales, net	$ 253,341	$ 418,638	$ 593,302	$ 674,290
Cost of goods sold	192,917	288,044	364,775	473,463
Gross margin	60,424	130,594	228,527	200,827
Operating expenses:
Stock based compensation -related party			26,020,400
Payroll and taxes	56,095	63,663	118,508	127,274
Legal and professional fees	133,756	13,081	168,347	15,081
Rent	4,204	4,055	8,407	8,110
General and administrative	50,745	60,656	88,540	87,884
Total operating expenses	244,800	141,455	26,404,202	238,349
Income (loss) from operations	(184,376)	(10,861)	(26,175,675)	(37,522)
Other (expense)
Interest expense	(5,475)		(15,958)	(15,867)
Total other (expense)	(5,475)		(15,958)	(15,867)
Income (loss) before income taxes	(189,850)	(10,861)	(26,191,632)	(53,389)
Provision for income taxes (benefit)
Net loss	$ (189,850)	$ (10,861)	$ (26,191,632)	$ (53,389)
Basic and diluted earnings (loss) per common share	$ (0.01)	$ 0	$ (2.01)	$ 0
Weighted-average number of common shares outstanding:
Basic and diluted	13,070,200	13,113,936	13,040,200	13,237,935

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Deficit) [Member]	Total
Balance at Dec. 31, 2018		$ 1,334	$ 77,966	$ (23,734)	$ 55,566
Balance, shares at Dec. 31, 2018		13,340,200
Private placement of common shares		$ 4	36		40
Private placement of common shares, shares		40,000
Net income (loss)				(33,043)	(33,043)
Balance at Mar. 31, 2019		$ 1,338	78,002	(56,777)	22,563
Balance, shares at Mar. 31, 2019		13,380,200
Balance at Dec. 31, 2018		$ 1,334	77,966	(23,734)	55,566
Balance, shares at Dec. 31, 2018		13,340,200
Net income (loss)					(53,389)
Balance at Jun. 30, 2019		$ 1,297	131	(77,123)	2,307
Balance, shares at Jun. 30, 2019		12,970,200
Balance at Mar. 31, 2019		$ 1,338	78,002	(56,777)	22,563
Balance, shares at Mar. 31, 2019		13,380,200
Private placement of common shares		$ 9	81		90
Private placement of common shares, shares		90,000
Common shares returned by founders		$ (50)	50
Common shares returned by founders, shares		(500,000)
Net income (loss)				(20,346)	(10,861)
Balance at Jun. 30, 2019		$ 1,297	131	(77,123)	2,307
Balance, shares at Jun. 30, 2019		12,970,200
Balance at Dec. 31, 2019		$ 1,301	78,169	(174,718)	(95,248)
Balance, shares at Dec. 31, 2019		13,010,200
Issuance of super voting preferred stock			26,020,400		26,020,400
Issuance of super voting preferred stock, shares	1,000
Net income (loss)				(26,001,782)	(26,001,782)
Balance at Mar. 31, 2020		$ 1,301	26,098,569	(26,176,500)	(76,630)
Balance, shares at Mar. 31, 2020	1,000	13,010,200
Balance at Dec. 31, 2019		$ 1,301	78,169	(174,718)	$ (95,248)
Balance, shares at Dec. 31, 2019		13,010,200
Private placement of common shares, shares					1,000
Net income (loss)					$ (26,191,632)
Balance at Jun. 30, 2020		$ 1,361	26,218,509	(26,366,350)	(146,480)
Balance, shares at Jun. 30, 2020	1,000	13,070,200
Balance at Mar. 31, 2020		$ 1,301	26,098,569	(26,176,500)	(76,630)
Balance, shares at Mar. 31, 2020	1,000	13,010,200
Common stock issued for services		$ 60	119,940		120,000
Common stock issued for services, shares		60,000
Net income (loss)				(189,850)	(189,850)
Balance at Jun. 30, 2020		$ 1,361	$ 26,218,509	$ (26,366,350)	$ (146,480)
Balance, shares at Jun. 30, 2020	1,000	13,070,200

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities of continuing operations:
Net income (loss)	$ (26,191,632)	$ (53,389)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation	278	278
Stock-based compensation -related party	26,020,400
Common stock issued for services	120,000
Changes in operating assets and liabilities:
Accounts receivable	(53,830)	(35,725)
Prepaid expenses	8,186	2,507
Right of use assets	8,110	(36,492)
Inventory	20,596	302,179
Other assets	2,237
Operating lease payable	(9,888)	31,514
Accounts payable and accrued expenses	(25,741)	(229,957)
Net cash provided by (used in) operating activities	(101,286)	(19,085)
Cash flows from financing activities:
Increase (decrease) in loans payable, net	(28,612)	16,533
Government loans	179,700
Issuances of common stock		130
Net cash provided by (used in) financing activities	151,088	16,663
Net increase (decrease) in cash and cash equivalents	49,802	(2,422)
Cash and cash equivalents at beginning of period	22,291	21,515
Cash and cash equivalents at end of period	72,093	19,093
Supplemental disclosure of cash flow information:
Cash paid for interest	15,958
Cash paid for income taxes

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business GLOBAL DIVERSIFIED MARKETING GROUP INC. (the “Company”), formerly known as Dense Forest Acquisition Corporation, was incorporated in Delaware on December 1, 2017, and changed its name on June 13, 2018, as part of a change in control. As part of the change in control, its then officers and directors resigned and contributed back to the Company 19,500,000 shares of the 20,000,000 outstanding shares of its common stock, and appointed new officers and directors. On June 14, 2018, the new management of the Company issued 12.500,000 shares of its common stock to Paul Adler, the then president of the Company. On November 26, 2018, the Company effected the acquisition of Global Diversified Holdings, Inc. (“GDHI”), a private New York company owned by the Company’s president, with the issuance of 200 shares of the Company’s common stock in exchange for all of the outstanding shares of GDHI. GDHI became a wholly-owned subsidiary of the Company, and its activity for the periods presented are reflected in these unaudited consolidated financial statements along with the expenses of the Company. Prior to the acquisition of GDHI, the Company had no business and no operations. Pursuant to the acquisition, the Company acquired the operations and business plan of GDHI, which imports and sells snack food products. For accounting purposes, GDHI is considered to be the acquirer, and the equity is presented as if the business combination had occurred on January 1, 2017. COVID-19 On March 11, 2020, the World Health Organization (“WHO”) declared the COVID-19 outbreak to be a global pandemic. In addition to the devastating effects on human life, the pandemic is having a negative ripple effect on the global economy, leading to disruptions and volatility in the global financial markets. Most US states and many countries have issued policies intended to stop or slow the further spread of the disease. COVID-19 and the U.S’s response to the pandemic are significantly affecting the economy. There are no comparable events that provide guidance as to the effect the COVID-19 pandemic may have, and, as a result, the ultimate effect of the pandemic is highly uncertain and subject to change. We do not yet know the full extent of the effects on the economy, the markets we serve, our business or our operations. Basis of Presentation The unaudited consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a December 31 year-end. Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All intercompany accounts and transactions have been eliminated in consolidation. Fair Value of Financial Instruments The Company’s financial instruments consist of cash, accounts receivable from customers, accounts payable, and loans payable. The carrying amounts of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates. Stock-Based Compensation As of June 30, 2020, the Company has not issued any share-based payments to its employees. Under the modified prospective method, the Company uses, stock compensation expense includes compensation expense for all stock-based compensation awards granted, based on the grant-date estimated fair value. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of six months or less to be cash equivalents. On June 30, 2020, and December 31, 2019, the Company had $72,093 and $22,291 in cash, respectively. Accounts Receivable Accounts receivable are generated from sales of snack food products to retail outlets throughout the United States. The Company performs ongoing credit evaluations of its customers and adjusts credit limits based on customer payment and current creditworthiness, as determined by review of their current credit information. The Company continuously monitors credit limits for its customers and maintains a provision for estimated credit losses based on its historical experience and any specific customer issues that have been identified. An allowance for doubtful; accounts is provided against accounts receivable for amounts management believes may be uncollectible. The Company historically has not had issues collecting on its accounts receivable from its customers. The Company factors certain of its receivables to improve its cash flow. Bad debt expense for the six months ended June 30, 2020 and 2019 were $3,039 and $-0-, respectively. The allowance for doubtful accounts on June 30, 2020, and December 31, 2019, was $-0-. Inventory Inventory consists of snack food products and packaging supplies, stated at the lower of cost or market. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful life of the assets. Maintenance, repairs, and renewals that do not materially add to the value of the equipment nor appreciably prolong its useful life are charged to expense as incurred. Revenue Recognition Beginning January 1, 2018, the Company implemented ASC 606, Revenue from Contracts with Customers. Although the new revenue standard is expected to have an immaterial impact, if any, on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures. The Company recognizes revenue from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation. Advertising and Marketing Costs The Company’s policy regarding advertising and marketing is to record the expense when incurred. The Company incurred advertising and marketing expenses of $17,381 and $4,839 during the six months ended June 30, 2020, and 2019, respectively. Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. The Company’s wholly-owned subsidiary, with the consent of its stockholder, had elected to be taxed as an S Corporation under the provisions of the Internal Revenue Code. Instead of paying federal corporate income taxes, the stockholder(s) of an S Corporation are taxed individually on their proportionate share of the Company’s taxable income. Therefore, prior to the business combination discussed above, the Company had made no provision for income taxes. Effective with the business combination, the wholly-owned subsidiary became a C-corporation, and the loss incurred in 2018 for the period as a C-corporation approximated $270,000. See Note 7. The Company’s income tax returns are open for examination for up to the past six years under the statute of limitations. There are no tax returns currently under examination. Comprehensive Income The Company has which established standards for reporting and display of comprehensive income, its components, and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. Basic Income (Loss) Per Share Basic income (loss) per share has been calculated based on the weighted average number of shares of common stock outstanding during the period. Recent Accounting Pronouncements Adoption of ASC 842 - Leases Leases We adopted ASC 842 using a modified retrospective approach for all leases existing on January 1, 2019. The adoption of ASC 842 had a substantial impact on our balance sheet. The most significant impact was the recognition of the operating lease right-of-use asset and the liability for operating leases. Accordingly, upon adoption, leases that were classified as operating leases under ASC 840 were classified as operating leases under ASC 842, and we recorded an adjustment of $44,602 to operating lease right-of-use assets and the related lease liability. The lease liability is based on the present value of the remaining minimum lease payments, determined under ASC 840, discounted using our secured incremental borrowing rate at the effective date of January 1, 2019, using the original lease term as the tenor. As permitted under ASC 842, we elected several practical expedients that permit us to not reassess (1) whether a contract is or contains a lease, (2) the classification of existing leases, and (3) whether previously capitalized costs continue to qualify as initial indirect costs. The application of the practical expedients did not have a significant impact on the measurement of the operating lease liability.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 2 – GOING CONCERN As of June 30, 2020, the Company had cash and cash equivalents of $72,093 and an accumulated deficit of $26,366,650. Additionally on June 30, 2020 the Company had a working capital deficit of $16,370. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. On April 17, 2020, the Company received a forgivable loan in the amount $28,642 of under the Federal Payroll Protection Program (“PPP”). While the rules under the PPP are complex and continue to evolve and be clarified, generally the PPP loan will be forgiven if, during a certain measuring period that begins with the receipt of the loan, at least 75% of the loan is applied to employee payroll expense with the balance applied to rent and utilities and the recipient employer has employees equal to 90% of the number of employees it had prior to receipt of the loan. Management believes it will be able to make the required certifications by November 15, 2020 and the PPP Loan will be forgiven. To the extent the PPP Loan is not forgiven, it is converted into a two year loan with an interest rate of 1% per annum, On May 21, 2020, the Registrant received a loan from the Small Business Administration in the amount of $150,000 (the “SBA Loan”). The SBA Loan bears interest at 3.75% per annum and is payable over 30 years with all payments of principal and interest deferred for the first 12 months. The PPP loan is being applied as required under the PPP Program and the SBA Loan is being used for general working capital. These loans have improved the Company’s liquidity and working capital. The consolidated financials have been prepared assuming that the Company will continue as a going concern and, accordingly, do not include any adjustments that might result from the outcome of this uncertainty. If the Company is in fact unable to continue as a going concern, the shareholders may lose some or all of their investment in the Company.

Equity

Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Equity	NOTE 3 – EQUITY The Company has 100,000,000 shares of $.0001 par value common stock authorized. The Company has 13,070,200 and 13,010,000 shares of common stock issued and outstanding as of June 30, 2020, and December 31, 2019, respectively. During the six month period ended June 30, 2020 the Company issued 60,000 common shares to a consultant and recorded a charge to legal and professional fees of $120,000. The Company has 20,000,000 shares of $.0001 par value preferred stock authorized. On February 24, 2020, the Company filed a Certificate of Designation for a class of preferred stock designated Class A Super Voting Preferred Stock (“A Stock”). There are 1,000,000 shares of A Stock designated. Each share of such stock shall vote with the common stock and have 100,000 votes. A Stock has no conversion, dividend, or liquidation rights. Accordingly, the holders of A Stock will, by reason of their voting power, be able to control the affairs of the Company. The Company has issued 1,000 shares of A Stock to Paul Adler, the company’s Chief Executive Officer, and majority shareholder giving him effective voting control over the Registrant’s affairs for the foreseeable future. As a result of the issuance of super-voting rights enabling him to vote 100,000,000 shares, Mr. Adler has effective voting control of approximately 99% of the Company. In conjunction with the issuance of these 1,000 preferred shares, the Company recorded stock compensation expense, related party of $26,020,400 for the six months ended June 30, 2020.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 4 – RELATED PARTY TRANSACTIONS During the six months ended June 30, 2020, and 2019, the Company incurred wages of $111,911 and $94,500 respectively, related to services provided to it by its executive officer. Additionally, during the six months ended June 30, 2020, the Company’s CEO was awarded super-voting A Stock-see Note 3. Capital Stock

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 5 – COMMITMENTS AND CONTINGENCIES The Company entered into a 60-month lease agreement on October 1, 2016, to rent office space. The lease requires monthly payments of $1,600 for the first 24 months and after that increases by 3% each year, and contains one five year renewal option. Rental expenses under this lease for the six months ended June 30, 2020, and 2019 were $4,203 and $4,055 respectively. The lease also required an advance payment of $1,600 for the last month of rent as well as a $1,600 security deposit. Future minimum lease payments due under this operating lease, including renewal periods, are as follows: Year ended December 31, 2020 $ 22,367 Year ended December 31, 2021 5,844 Total minimum lease payments $ 28,211

Loans Payable

Loans Payable	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Loans Payable	NOTE 6 – LOANS PAYABLE The Company had loans outstanding at June 30, 2020, and December 31, 2019 as follows: Short Term June 30, 2020 Dec. 31, 2019 Loan Builder (a) $ 60,700 $ 86,184 Government loan PPP Plan (b) 29,800 - Credit Line - Blue Vine (a) 8,980 12,287 Total loans payable $ 99,680 $ 98,471 (a) Represents notes payable from factoring with varying rates of interest and fees, and no set minimum monthly payments (b) On April 17, 2020, the Company received a forgivable loan in the amount $28,642 of under the Federal Payroll Protection Program (“PPP”). While the rules under the PPP are complex and continue to evolve and be clarified, generally the PPP loan will be forgiven if, during a certain measuring period that begins with the receipt of the loan, at least 75% of the loan is applied to employee payroll expense with the balance applied to rent and utilities and the recipient employer has employees equal to 90% of the number of employees it had prior to receipt of the loan. Management believes it will be able to make the required certifications by November 15, 2020 and the PPP Loan will be forgiven. To the extent the PPP Loan is not forgiven, it is converted into a two-year loan with an interest rate of 1% per annum, Long Term As of June 30, 2020 the Company had $149,900 in long term loans outstanding compared to $-0- as of December 31, 2019. On May 21, 2020, the Company received a loan from the Small Business Administration of $150,000 (the “SBA Loan”). The SBA Loan bears interest at 3.75% per annum and is payable over 30 years with all payments of principal and interest deferred for the first 12 months.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 – INCOME TAXES For the period ended June 30, 2020, the Company has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The provision for Federal income tax consists of the following at June 30, 2020, and December 31, 2019: 2020 2019 Federal income tax benefit attributable to: Current Operations $ 0 $ 6,900 Less: valuation allowance 0 (6,900 ) Net provision for Federal income taxes $ 0 $ 0

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2020
Risks and Uncertainties [Abstract]
Concentrations	NOTE 8 – CONCENTRATIONS The Company does a significant amount of its total business with 4 customers, as follows for the six months ended June 30, 2020, and 2019 (percentage of total sales of $593,302 and $674,290 respectively): 2020 2019 Customer A 35 % 29 % Customer B 24 % 25 % Customer C 17 % 25 % Customer D 10 % 19 %

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 9 – SUBSEQUENT EVENTS On July 30, 2020 the company entered into a service agreement with a website and social media consultant and issued 12,000 shares as partial payment for their services.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Nature of Business	Nature of Business GLOBAL DIVERSIFIED MARKETING GROUP INC. (the “Company”), formerly known as Dense Forest Acquisition Corporation, was incorporated in Delaware on December 1, 2017, and changed its name on June 13, 2018, as part of a change in control. As part of the change in control, its then officers and directors resigned and contributed back to the Company 19,500,000 shares of the 20,000,000 outstanding shares of its common stock, and appointed new officers and directors. On June 14, 2018, the new management of the Company issued 12.500,000 shares of its common stock to Paul Adler, the then president of the Company. On November 26, 2018, the Company effected the acquisition of Global Diversified Holdings, Inc. (“GDHI”), a private New York company owned by the Company’s president, with the issuance of 200 shares of the Company’s common stock in exchange for all of the outstanding shares of GDHI. GDHI became a wholly-owned subsidiary of the Company, and its activity for the periods presented are reflected in these unaudited consolidated financial statements along with the expenses of the Company. Prior to the acquisition of GDHI, the Company had no business and no operations. Pursuant to the acquisition, the Company acquired the operations and business plan of GDHI, which imports and sells snack food products. For accounting purposes, GDHI is considered to be the acquirer, and the equity is presented as if the business combination had occurred on January 1, 2017. COVID-19 On March 11, 2020, the World Health Organization (“WHO”) declared the COVID-19 outbreak to be a global pandemic. In addition to the devastating effects on human life, the pandemic is having a negative ripple effect on the global economy, leading to disruptions and volatility in the global financial markets. Most US states and many countries have issued policies intended to stop or slow the further spread of the disease. COVID-19 and the U.S’s response to the pandemic are significantly affecting the economy. There are no comparable events that provide guidance as to the effect the COVID-19 pandemic may have, and, as a result, the ultimate effect of the pandemic is highly uncertain and subject to change. We do not yet know the full extent of the effects on the economy, the markets we serve, our business or our operations.
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a December 31 year-end.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All intercompany accounts and transactions have been eliminated in consolidation.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash, accounts receivable from customers, accounts payable, and loans payable. The carrying amounts of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.
Stock-based Compensation	Stock-Based Compensation As of June 30, 2020, the Company has not issued any share-based payments to its employees. Under the modified prospective method, the Company uses, stock compensation expense includes compensation expense for all stock-based compensation awards granted, based on the grant-date estimated fair value.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of six months or less to be cash equivalents. On June 30, 2020, and December 31, 2019, the Company had $72,093 and $22,291 in cash, respectively.
Accounts Receivable	Accounts Receivable Accounts receivable are generated from sales of snack food products to retail outlets throughout the United States. The Company performs ongoing credit evaluations of its customers and adjusts credit limits based on customer payment and current creditworthiness, as determined by review of their current credit information. The Company continuously monitors credit limits for its customers and maintains a provision for estimated credit losses based on its historical experience and any specific customer issues that have been identified. An allowance for doubtful; accounts is provided against accounts receivable for amounts management believes may be uncollectible. The Company historically has not had issues collecting on its accounts receivable from its customers. The Company factors certain of its receivables to improve its cash flow. Bad debt expense for the six months ended June 30, 2020 and 2019 were $3,039 and $-0-, respectively. The allowance for doubtful accounts on June 30, 2020, and December 31, 2019, was $-0-.
Inventory	Inventory Inventory consists of snack food products and packaging supplies, stated at the lower of cost or market.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful life of the assets. Maintenance, repairs, and renewals that do not materially add to the value of the equipment nor appreciably prolong its useful life are charged to expense as incurred.
Revenue Recognition	Revenue Recognition Beginning January 1, 2018, the Company implemented ASC 606, Revenue from Contracts with Customers. Although the new revenue standard is expected to have an immaterial impact, if any, on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures. The Company recognizes revenue from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.
Advertising and Marketing Costs	Advertising and Marketing Costs The Company’s policy regarding advertising and marketing is to record the expense when incurred. The Company incurred advertising and marketing expenses of $17,381 and $4,839 during the six months ended June 30, 2020, and 2019, respectively.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. The Company’s wholly-owned subsidiary, with the consent of its stockholder, had elected to be taxed as an S Corporation under the provisions of the Internal Revenue Code. Instead of paying federal corporate income taxes, the stockholder(s) of an S Corporation are taxed individually on their proportionate share of the Company’s taxable income. Therefore, prior to the business combination discussed above, the Company had made no provision for income taxes. Effective with the business combination, the wholly-owned subsidiary became a C-corporation, and the loss incurred in 2018 for the period as a C-corporation approximated $270,000. See Note 7. The Company’s income tax returns are open for examination for up to the past six years under the statute of limitations. There are no tax returns currently under examination.
Comprehensive Income	Comprehensive Income The Company has which established standards for reporting and display of comprehensive income, its components, and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income.
Basic Income (Loss) Per Share	Basic Income (Loss) Per Share Basic income (loss) per share has been calculated based on the weighted average number of shares of common stock outstanding during the period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of ASC 842 - Leases Leases We adopted ASC 842 using a modified retrospective approach for all leases existing on January 1, 2019. The adoption of ASC 842 had a substantial impact on our balance sheet. The most significant impact was the recognition of the operating lease right-of-use asset and the liability for operating leases. Accordingly, upon adoption, leases that were classified as operating leases under ASC 840 were classified as operating leases under ASC 842, and we recorded an adjustment of $44,602 to operating lease right-of-use assets and the related lease liability. The lease liability is based on the present value of the remaining minimum lease payments, determined under ASC 840, discounted using our secured incremental borrowing rate at the effective date of January 1, 2019, using the original lease term as the tenor. As permitted under ASC 842, we elected several practical expedients that permit us to not reassess (1) whether a contract is or contains a lease, (2) the classification of existing leases, and (3) whether previously capitalized costs continue to qualify as initial indirect costs. The application of the practical expedients did not have a significant impact on the measurement of the operating lease liability.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments of Operating Lease Liability	Future minimum lease payments due under this operating lease, including renewal periods, are as follows: Year ended December 31, 2020 $ 22,367 Year ended December 31, 2021 5,844 Total minimum lease payments $ 28,211

Loans Payable (Tables)

Loans Payable (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Loans Outstanding	The Company had loans outstanding at June 30, 2020, and December 31, 2019 as follows: Short Term June 30, 2020 Dec. 31, 2019 Loan Builder (a) $ 60,700 $ 86,184 Government loan PPP Plan (b) 29,800 - Credit Line - Blue Vine (a) 8,980 12,287 Total loans payable $ 99,680 $ 98,471 (a) Represents notes payable from factoring with varying rates of interest and fees, and no set minimum monthly payments (b) On April 17, 2020, the Company received a forgivable loan in the amount $28,642 of under the Federal Payroll Protection Program (“PPP”). While the rules under the PPP are complex and continue to evolve and be clarified, generally the PPP loan will be forgiven if, during a certain measuring period that begins with the receipt of the loan, at least 75% of the loan is applied to employee payroll expense with the balance applied to rent and utilities and the recipient employer has employees equal to 90% of the number of employees it had prior to receipt of the loan. Management believes it will be able to make the required certifications by November 15, 2020 and the PPP Loan will be forgiven. To the extent the PPP Loan is not forgiven, it is converted into a two-year loan with an interest rate of 1% per annum,

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Statement of Provision for Federal Income Tax	The provision for Federal income tax consists of the following at June 30, 2020, and December 31, 2019: 2020 2019 Federal income tax benefit attributable to: Current Operations $ 0 $ 6,900 Less: valuation allowance 0 (6,900 ) Net provision for Federal income taxes $ 0 $ 0

Concentrations (Tables)

Concentrations (Tables)	6 Months Ended
	Jun. 30, 2020
Risks and Uncertainties [Abstract]
Schedule of Concentration of Risk	The Company does a significant amount of its total business with 4 customers, as follows for the six months ended June 30, 2020, and 2019 (percentage of total sales of $593,302 and $674,290 respectively): 2020 2019 Customer A 35 % 29 % Customer B 24 % 25 % Customer C 17 % 25 % Customer D 10 % 19 %

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Nov. 26, 2018	Jun. 14, 2018	Jun. 13, 2018	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Jan. 02, 2019	Dec. 31, 2018
Common stock share outstanding						13,070,200		13,010,200
Number of shares issued during period						1,000
Cash and cash equivalents						$ 72,093		$ 22,291
Bad debts expense						3,039		0
Allowance for doubtful accounts						0		0
Advertising and marketing expenses						17,381	$ 4,839
Operating loss carry forward										$ 270,000
Operating lease right-of-use assets and related parties liability						$ 22,367		$ 30,477
ASC 842 [Member]
Operating lease right-of-use assets and related parties liability									$ 44,602
Operating lease liability									$ 44,602
Global Diversified Holdings, Inc. [Member]
Number of shares issued during period	200
Paul Adler [Member]
Number of shares issued during period		12,500,000
Common Stock [Member]
Stock redeemed or called during period, shares			19,500,000
Common stock share outstanding			20,000,000
Number of shares issued during period				90,000	40,000

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	May 21, 2020	Apr. 17, 2020	Jun. 30, 2020	Dec. 31, 2019
Cash and cash equivalents			$ 72,093	$ 22,291
Accumulated deficit			(26,366,350)	$ (174,718)
Working capital deficit			$ 16,370
Payroll Protection Program [Member]
Proceeds from loan		$ 28,642
Debt description		While the rules under the PPP are complex and continue to evolve and be clarified, generally the PPP loan will be forgiven if, during a certain measuring period that begins with the receipt of the loan, at least 75% of the loan is applied to employee payroll expense with the balance applied to rent and utilities and the recipient employer has employees equal to 90% of the number of employees it had prior to receipt of the loan. Management believes it will be able to make the required certifications by November 15, 2020 and the PPP Loan will be forgiven. To the extent the PPP Loan is not forgiven, it is converted into a two-year loan with an interest rate of 1% per annum,
SBA Loan [Member]
Proceeds from loan	$ 150,000
Bears interest percentage	3.75%
Debt instrument maturity, description	Payable over 30 years with all payments of principal and interest deferred for the first 12 months.

Equity (Details Narrative)

Equity (Details Narrative)	Feb. 24, 2020shares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)	Dec. 31, 2019$ / sharesshares
Common stock, shares authorized		100,000,000		100,000,000		100,000,000
Common stock, value per share | $ / shares		$ 0.001		$ 0.001		$ 0.001
Common stock, shares issued		13,070,200		13,070,200		13,010,200
Common stock, shares outstanding		13,070,200		13,070,200		13,010,200
Legal and professional fees | $		$ 133,756	$ 13,081	$ 168,347	$ 15,081
Preferred stock, share authorized		1,000,000		1,000,000
Preferred stock, value per share | $ / shares		$ 0.0001		$ 0.0001
Issuance of super voting preferred stock | $				$ 1,000
Compensation expense-related party | $				$ 26,020,400
Class A Super Voting Preferred Stock [Member]
Capital stock designated	1,000,000
Common stock voting rights	Each share of such stock shall vote with the common stock and have 100,000 votes.
Preferred Stock [Member]
Number of shares issued for services
Preferred stock, share authorized		20,000,000		20,000,000
Preferred stock, value per share | $ / shares		$ 0.0001		$ 0.0001
Consultant [Member]
Number of shares issued for services				60,000
Legal and professional fees | $				$ 120,000
Paul Adler [Member]
Preferred stock voting rights				The issuance of super-voting rights enabling him to vote 100,000,000 shares.
Preferred stock voting rights percentage				0.99
Paul Adler [Member] | Class A Super Voting Preferred Stock [Member]
Capital stock designated	1,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Related Party Transactions [Abstract]
Salary and wage, officer	$ 111,911	$ 94,500

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($)	Oct. 01, 2016	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Lease term	60 months
Monthly payments	$ 1,600
Lease description	The lease requires monthly payments of $1,600 for the first 24 months and after that increases by 3% each year, and contains one five year renewal option.
Renewal term	5 years
Rent expenses		$ 4,203	$ 4,055
Advance payment		1,600
Security deposit		$ 1,600		$ 1,600

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Lease Payments of Operating Lease Liability (Details)	Jun. 30, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Year ended December 31, 2020	$ 22,367
Year ended December 31, 2021	5,844
Total minimum lease payments	$ 28,211

Loans Payable (Details Narrativ

Loans Payable (Details Narrative) - USD ($)	May 21, 2020	Jun. 30, 2020	Jun. 30, 2019
Long term loan		$ 149,900	$ 0
SBA Loan [Member]
Proceeds from loan	$ 150,000
Bears interest percentage	3.75%
Debt instrument maturity, description	Payable over 30 years with all payments of principal and interest deferred for the first 12 months.

Loans Payable - Schedule of Loa

Loans Payable - Schedule of Loans Outstanding (Details) - USD ($)		Jun. 30, 2020	Dec. 31, 2019
Total loans payable		$ 69,860	$ 98,471
Loan Builder [Member]
Total loans payable	[1]	60,700	86,184
Government Loan PPP Plan [Member]
Total loans payable	[2]	29,800
Credit Line - Blue Vine [Member]
Total loans payable	[1]	$ 8,980	$ 12,287
[1]	Represents notes payable from factoring with varying rates of interest and fees, and no set minimum monthly payments
[2]	On April 17, 2020, the Company received a forgivable loan in the amount $28,642 of under the Federal Payroll Protection Program ("PPP"). While the rules under the PPP are complex and continue to evolve and be clarified, generally the PPP loan will be forgiven if, during a certain measuring period that begins with the receipt of the loan, at least 75% of the loan is applied to employee payroll expense with the balance applied to rent and utilities and the recipient employer has employees equal to 90% of the number of employees it had prior to receipt of the loan. Management believes it will be able to make the required certifications by November 15,2020 and the PPP Loan will be forgiven. To the extent the PPP Loan is not forgiven, it is converted into a two-year loan with an interest rate of 1% per annum

Loans Payable - Schedule of L_2

Loans Payable - Schedule of Loans Outstanding (Details) (Parenthetical) - Payroll Protection Program [Member]	Apr. 17, 2020USD ($)
Proceeds from loan	$ 28,642
Debt description	While the rules under the PPP are complex and continue to evolve and be clarified, generally the PPP loan will be forgiven if, during a certain measuring period that begins with the receipt of the loan, at least 75% of the loan is applied to employee payroll expense with the balance applied to rent and utilities and the recipient employer has employees equal to 90% of the number of employees it had prior to receipt of the loan. Management believes it will be able to make the required certifications by November 15, 2020 and the PPP Loan will be forgiven. To the extent the PPP Loan is not forgiven, it is converted into a two-year loan with an interest rate of 1% per annum,

Income Taxes - Statement of Pro

Income Taxes - Statement of Provision for Federal Income Tax (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Current Operations	$ 0	$ 6,900
Less: valuation allowance	0	(6,900)
Net provision for Federal income taxes	$ 0	$ 0

Concentrations - Schedule of Co

Concentrations - Schedule of Concentration of Risk (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Risks and Uncertainties [Abstract]
Total sales	$ 253,341	$ 418,638	$ 593,302	$ 674,290

Concentrations - Schedule of _2

Concentrations - Schedule of Concentration of Risk (Details) - Sales Revenue [Member]	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Customer A [Member]
Concentration risk, percentage	35.00%	29.00%
Customer B [Member]
Concentration risk, percentage	24.00%	25.00%
Customer C [Member]
Concentration risk, percentage	17.00%	25.00%
Customer D [Member]
Concentration risk, percentage	10.00%	19.00%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Jul. 30, 2020shares
Service Agreement [Member] | Website and Social Media Consultant [Member] | Subsequent Event [Member]
Number of shares issued for services	12,000