TransparentBusiness 10-Q 28 Oct 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	Oct. 28, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-56276
Entity Registrant Name	Unicoin Inc.
Entity Central Index Key	0001740742
Entity Tax Identification Number	47-4360035
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	228 Park Ave South
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	16065
City Area Code	(212)
Local Phone Number	216-0001
Title of 12(b) Security	Common stock, $0.001 par value per share
Entity Current Reporting Status	No
Entity Interactive Data Current	No
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		730,637,878

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 9,841,968	$ 1,872,529
Trade receivables payable in cash	2,543,628	2,221,639
Unicorn Hunters non-cash receivables (Note 4)	8,420,000	4,281,000
Prepaid expenses and other current assets	2,949,100	214,633
Indemnification asset	4,389,727	4,389,727
TOTAL CURRENT ASSETS	28,144,423	12,979,528
Property and equipment, net	6,042	5,322
Goodwill	3,865,695	3,865,695
Intangible assets, net	4,694,429	3,634,679
TOTAL ASSETS	36,710,589	20,485,224
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Accounts payable	90,836	1,920,087
Income tax payable	116,575	90
Accrued expenses	3,985,279	2,374,258
Accrued payroll liabilities	753,517	417,300
Deferred revenue	209,597	51,030
ITSQuest tax liability	4,389,727	4,389,727
Short-term debt	1,264,000	1,216,000
Other current liabilities	643,742	898,298
TOTAL CURRENT LIABILITIES	11,453,273	11,266,790
Deferred income tax liability, net	1,097,049	1,097,049
Unicoin Rights financing obligation	15,193,110
TOTAL LIABILITIES	27,743,432	12,363,839
STOCKHOLDERS’ EQUITY (DEFICIT)
Common stock, $0.001 par value; 1,000,000,000 authorized; 772,676,248 and 767,525,220 issued; 734,003,769 and 732,251,471 outstanding, net of treasury stock, at March 31, 2022 and December 31 2021, respectively	772,676	767,525
Treasury stock, at cost; 38,672,479 and 35,273,749 shares at March 31, 2022 and December 31, 2021, respectively	(3,054,185)	(2,714,312)
Additional paid-in capital	72,597,046	71,041,101
Accumulated deficit	(61,301,817)	(59,946,592)
TOTAL TRANSPARENTBUSINESS STOCKHOLDERS’ EQUITY	9,013,720	9,147,722
Noncontrolling interest	(46,563)	(1,026,337)
TOTAL STOCKHOLDERS’ EQUITY	8,967,157	8,121,385
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 36,710,589	$ 20,485,224

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	772,676,248	767,525,220
Common stock, shares outstanding	734,003,769	732,251,471
Treasury stock, shares	38,672,479	35,273,749

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
REVENUES	$ 8,732,070	$ 3,050,431
COST OF REVENUES	3,594,925	2,262,603
GROSS PROFIT	5,137,145	787,828
OPERATING COSTS AND EXPENSES
General and administrative	3,399,804	3,945,707
Sales and marketing	1,748,003	6,852,953
Research and development	122,698	128,149
TOTAL OPERATING COSTS AND EXPENSES	5,270,505	10,926,809
LOSS FROM OPERATIONS	(133,360)	(10,138,981)
Interest income (expense), net	(61,459)	13,608
Other expense, net	(30)	(417)
LOSS BEFORE INCOME TAXES	(194,849)	(10,125,790)
Income tax expense	(180,602)	(924)
NET LOSS AND COMPREHENSIVE LOSS	(375,451)	(10,126,714)
Less: net income (loss) attributable to the noncontrolling interest	979,774	(755,709)
NET LOSS ATTRIBUTABLE TO TRANSPARENTBUSINESS	$ (1,355,225)	$ (9,371,005)
Net loss per share attributable to TransparentBusiness, basic and diluted	$ (0.002)	$ (0.013)
Weighted average number of common shares outstanding, basic and diluted	733,010,268	727,103,872

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (UNAUDITED) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Transparent Business Stockholders Equity Deficit [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 751,489	$ 35,595,322	$ (1,114,312)	$ (20,981,710)	$ 14,250,789	$ 3,679,513	$ 17,930,302
Beginning Balance, Shares at Dec. 31, 2020	751,489,686		(26,379,012)
Issuance of common stock	$ 24	12,976			13,000		13,000
Issuance of common stock, Shares	24,333
Stock-based compensation expense		97,775			97,775		97,775
Exercise of stock options and warrants	$ 800	(720)			80		80
Exercise of stock options and warrants, Shares	800,000
Common stock issued for services	$ 1,321	(37,544)			(36,223)		(36,223)
Common stock issued for services, Shares	1,320,740
Net income (loss)				(9,371,005)	(9,371,005)	(755,709)	(10,126,714)
Ending balance, value at Mar. 31, 2021	$ 753,634	35,667,809	$ (1,114,312)	(30,352,715)	4,954,416	2,923,804	7,878,220
Ending Balance, Shares at Mar. 31, 2021	753,634,759		(26,379,012)
Beginning balance, value at Dec. 31, 2020	$ 751,489	35,595,322	$ (1,114,312)	(20,981,710)	14,250,789	3,679,513	17,930,302
Beginning Balance, Shares at Dec. 31, 2020	751,489,686		(26,379,012)
Ending balance, value at Dec. 31, 2021	$ 767,525	71,041,101	$ (2,714,312)	(59,946,592)	9,147,722	(1,026,337)	8,121,385
Ending Balance, Shares at Dec. 31, 2021	767,525,220		(35,273,749)
Issuance of common stock	$ 399	1,359,469			1,359,868		1,359,868
Issuance of common stock, Shares	398,596
Stock-based compensation expense		66,114			66,114		66,114
Repurchase of common stock (Note 14)			$ (339,873)		(339,873)		(339,873)
Repurchase of common stock (Note 14), Shares			(3,398,730)
Exercise of stock options and warrants	$ 4,479	1,524			6,003		6,003
Exercise of stock options and warrants, Shares	4,478,730
Common stock issued for services	$ 273	197,348			197,621		197,621
Common stock issued for services, Shares	273,702
Non-cash dividend (Note 9)		(68,510)			(68,510)		(68,510)
Net income (loss)				(1,355,225)	(1,355,225)	979,774	(375,451)
Ending balance, value at Mar. 31, 2022	$ 772,676	$ 72,597,046	$ (3,054,185)	$ (61,301,817)	$ 9,013,720	$ (46,563)	$ 8,967,157
Ending Balance, Shares at Mar. 31, 2022	772,676,248		(38,672,479)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (375,451)	$ (10,126,714)
Adjustments to reconcile net loss to cash used in operating activities:
Stock-based compensation expense	66,114	97,775
Operating expenses paid with Unicoin Rights	156,100
Noncash consideration from customers of Unicorns, Inc.	(4,139,000)
Impairment of digital assets	3,750
Depreciation and amortization expense	89,497	88,683
Changes in operating assets and liabilities:
Trade receivables payable in cash	(321,989)	(868,513)
Prepaid expenses	(2,283,321)	(4,036,083)
Other assets	(451,146)	86,491
Accounts payable	(1,829,251)	2,851,073
Accrued expenses and payroll liabilities	9,943	11,205,379
Deferred revenue	158,567	(2,183)
Other liabilities	(138,071)	414,910
Net cash used in operating activities	(9,054,258)	(289,182)
CASH FLOWS FROM INVESTING ACTIVITIES:
Repayment of related party promissory note		40,000
Purchase of property and equipment	(1,533)
Net cash provided by (used in) investing activities	(1,533)	40,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of private placement unsecured notes	48,000
Proceeds from sales of Unicoin Rights	15,974,212
Proceeds from sales of common stock	1,336,888	13,000
Repurchase of common stock	(339,873)
Proceeds from exercise of stock options and warrants	6,003	80
Net cash provided by financing activities	17,025,230	13,080
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	7,969,439	(236,102)
CASH AND CASH EQUIVALENTS—Beginning of period	1,872,529	9,961,817
CASH AND CASH EQUIVALENTS—End of period	9,841,968	9,725,715
NONCASH INVESTING AND FINANCING ACTIVITIES:
Market value of digital assets received as proceeds from sales of common stock (Notes 5 and 8)	22,980	30,000
Market value of digital assets received as proceeds from sales of Unicoin Rights	$ 1,129,204

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
ORGANIZATION AND OPERATIONS	NOTE 1 – ORGANIZATION AND OPERATIONS Description of Business TransparentBusiness, Inc. (“TransparentBusiness” or the “Company”) was incorporated in the state of Delaware on June 22, 2015. The SaaS (Software-as-a-Service) platform was developed in 2008 by KMGi Group, the predecessor to TransparentBusiness. The platform is designed to increase remote workers’ productivity, protect client budgets from overbilling, allow coordination and monitoring of their remote workforces and provide real-time information on the cost and status of all tasks and projects. The Company markets its services throughout the United States of America. In addition to its original SaaS business the Company wholly owns two TaaS (Talent-as-a-Service) companies and platforms, SheWorks! and Yandiki, and holds a 51 As more fully discussed in Note 4 – Unicorns Acquisition, in April 2021 the Company acquired a 66.67 Going Concern These consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) assuming the Company will continue as a going concern. The going concern assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has incurred net losses of ($ 375 10,127 9,054 289 61,302 59,947 The Company is evaluating strategies to obtain the required additional funding for future operations. These strategies may include, but are not limited to, obtaining equity financing, issuing debt, or entering other financing arrangements, and restructuring of operations to grow revenues and decrease expenses. However, in view of uncertainties in U.S. and global financial markets, the Company may be unable to access further equity or debt financing when needed. As such, there can be no assurance that the Company will be able to obtain additional liquidity when needed or under acceptable terms, if at all. The consolidated financial statements do not include any adjustments to the carrying amounts and classification of assets, liabilities, and reported expenses that may be necessary if the Company were unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include the accounts of TransparentBusiness, Inc., its wholly owned subsidiaries, SheWorks! and Yandiki, as well as ITSQuest and Unicorns. These entities are consolidated in accordance with Accounting Standards Codification (“ASC”) 810, Consolidations . Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the years ended December 31, 2021 and 2020. The unaudited condensed consolidated balance sheet as of December 31, 2021, included herein, was derived from the audited consolidated balance sheet of the Company as of that date. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions in the consolidated financial statements and accompanying notes. Significant estimates and assumptions made by the Company include: the valuation of Unicoins, valuation of non-cash consideration received from Unicorns customers, including accounts receivable and private company investments, and the associated revenue recognition; valuation of investments in private companies; valuation of Company’s common stock as a private company, valuation of the NCI in ITSQuest; valuation of the ITSQuest contingent divestiture; determination of the fair value of assets acquired and liabilities assumed in the business combination with ITSQuest; determination of the useful lives assigned to intangible assets; determination of the fair value of the ITSQuest indemnification asset and related tax liability; assessments for potential impairment of goodwill and intangible assets including digital assets; assessments of the recoverability of accounts receivable and determination of the fair value of certain stock awards issued. The Company bases these estimates on historical experience and on various other assumptions that management believes to be reasonable, the result of which forms the basis for making judgements about the carrying values of assets and liabilities. Actual results could differ materially from those estimates. Risks and Uncertainties The Company is subject to a number of risks that are similar to those which other companies of similar size in its industry are facing, including, but not limited to, the need for additional capital (or financing) to fund operations, competition from substitute products and services from larger companies, protection of proprietary technology, dependence on key customers, dependence on key individuals, and risks associated with changes in information technology. In January 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus (“COVID-19”) and the risks to the international community. In March 2020, WHO classified the COVID-19 outbreak as a pandemic based on the rapid increase in exposure globally. The outbreak of the COVID-19 pandemic has affected the United States and global economies and may affect the Company’s operations and those of third parties on which the Company relies. While the potential economic impact brought by, and the duration of, the COVID-19 pandemic is difficult to assess or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce the Company’s ability to access capital, which could negatively impact the Company’s short-term and long-term liquidity. The ultimate impact of the COVID-19 pandemic is uncertain and subject to change. As of the date of this report, the Company’s efforts to respond to the challenges presented by the conditions described above have allowed the Company to minimize the impacts of these challenges to its business. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts receivables. The Company’s cash and cash equivalents are held in accounts with major financial institutions, and, at times, exceed federally insured limits. In addition, as more fully described above, the Company has non-cash receivables consisting of options and warrants to purchase common stock in small private companies. The Company also holds digital assets which are more fully described above and in Note 5. Digital asset market values are subject to significant fluctuations based on supply and demand for such digital assets and other factors. The Company’s digital assets are included in the consolidated balance sheets as intangible assets. During the three months ended March 31, 2022, the Company had one customer for which revenue accounted for 10 45 36 10 16 13 10 5 2 3 The Share Exchange Agreement we entered into in order to acquire a majority stake in ITSQuest contains a contingent divestiture provision whereby if TransparentBusiness does not engage in a public offering of its securities at a price of at least $10 per share on or before December 31, 2022, then TransparentBusiness will be required to divest itself of the acquired ITSQuest equity by returning the same to the founders of ITSQuest, and such founders shall be entitled to retain the shares of TransparentBusiness received pursuant to the Exchange Agreement. Such an event would cause the loss of ITSQuest-associated revenue to TransparentBusiness while resulting in us having issued equity to the ITSQuest founders for only nominal consideration. Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies disclosed in its audited consolidated financial statements for the years ended December 31, 2021 and 2020. However, the Company has expanded the description of its accounting policy for Unicorn Hunters Revenue and Non-Cash Receivables and Accounting for Investments in Private Companies in Note 4 - Unicorns Acquisition. Lease Accounting As more fully discussed in the Company’s audited financial statements for the years ended December 31, 2021 and 2020, in February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). Under ASU 2016-02, entities are required to recognize assets and liabilities for the rights and obligations created by leases on the entity’s consolidated balance sheets for both finance and operating leases. Topic 842 is effective for the Company beginning January 1, 2022 in connection with the issuance of its annual financial statements for the year ended December 31, 2022 and for interim periods beginning with its quarterly financial statements for the three months ended March 31, 2023. Because the standard is effective January 1, 2022, but is not required to be reflected in quarterly financial statements until the first quarter of 2023, the comparative financial statements for the first quarter of 2022 to be included with the financial statements for the first quarter of 2023 may differ from these financial statements as a result of recognition of assets and liabilities for the rights and obligations created by the Company’s leases. Revenue Recognition Revenue Sources The Company primarily derives its revenues from three revenue streams: 1. Subscription Revenue 2. Staffing Revenue 3. Unicorns Revenue Refer to Note 6 – Segment Information for disaggregated revenue information. Deferred revenue The Company had deferred revenue of $ 210 51 9.0 2.2 Reclassification of Operating Costs and Expenses: During the three months ended June 30, 2022, the Company reclassified certain operating costs and expenses within the consolidated statements of operations and comprehensive loss. Prior-period amounts were revised to conform with the current presentation. These changes have no impact on the Company’s previously reported consolidated net loss, loss per share, total operating expenses, financial position, or cash flows. The reclassifications result from refinement of the Company’s approach to allocation of expenses based on departments. This refined methodology resulted in a reduction of general and administrative expense and increases in sales and marketing expense and research and development expense. The classification of operating cost and expenses included in the condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2022 and 2021, included herein, conform to the refined methodology described above. However, since the reclassification affects amounts included in the consolidated statements of operations and comprehensive loss for the three months ended March 31, 2022 and 2021 respectively, which were previously reported in Form 10-12GA filed on August 13, 2022, the impact of those changes is presented below: Schedule of previously reported Three Months Ended Three Months Ended As Adjustments Reclassified As Adjustments Reclassified Operating Costs and Expenses: General and administrative 3,820,788 (420,984 ) 3,399,804 3,494,813 450,892 3,945,705 Sales and marketing 1,449,717 298,286 1,748,003 7,312,996 (460,041 ) 6,852,955 Research and development - 122,698 122,698 119,000 9,149 128,149 Total Operating Costs and Expenses 5,270,505 - 5,270,505 10,926,809 - 10,926,809

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	NOTE 3 – FAIR VALUE MEASUREMENT The Company measures the fair value of financial instruments in accordance with ASC 820. ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements, ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels, as follows: Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 Significant other inputs that are directly or indirectly observable in the marketplace. Level 3 Assets and liabilities whose significant value drivers are unobservable. Observable inputs are based on market data obtained from independent sources, while unobservable inputs are based on the Company’s market assumptions. Unobservable inputs require significant management judgment or estimation. In some cases, the inputs used to measure an asset or liability may fall into different levels of the fair value hierarchy. In those instances, the fair value measurement is required to be classified using the lowest level of input that is significant to the fair value measurement. Such determination requires significant management judgment. The following table is a summary of financial assets and liabilities measured at fair value on a recurring basis and their classification within the fair value hierarchy: Schedule of fair value assets measured on recurring basis As of March 31, 2022 Carrying Value Level 1 Level 2 Level 3 Total ASSETS Cash held by financial institutions $ 9,369,235 $ 9,369,235 $ - $ - $ 9,369,235 Money market funds 472,733 472,733 - - 472,733 As of December 31, 2021 Carrying Value Level 1 Level 2 Level 3 Total ASSETS Cash held by financial institutions $ 1,299,808 $ 1,299,808 $ - $ - $ 1,299,808 Money market funds 572,721 572,721 - - 572,721 Assets Measured at Fair Value on a Non-Recurring Basis As discussed in Note 2, consideration from Unicorns customers generally includes a commitment to issue stock options or warrants from customers who appear on the Unicorn Hunters show. This non-cash consideration is recognized in accounts receivable at the estimated fair values at or near the dates of contract inception using Level 3 inputs. The fair value of these commitments, as well as the options or warrants of private companies, held upon settlement of such receivables, as measured using Level 3 inputs, may fluctuate, as discussed in the Company’s accounting policy for private company investments, which is included in Note 4 below. Certain other items such as goodwill, intangible assets, contingent divestiture and NCI resulting from the ITSQuest acquisition are recognized or disclosed at fair value on a non-recurring basis. The Company determines the fair value of these items using Level 3 inputs. There are inherent limitations when estimating the fair value of financial instruments, and the fair values reported are not necessarily indicative of the amounts that would be realized in current market transactions.

UNICORNS ACQUISITION

UNICORNS ACQUISITION	3 Months Ended
	Mar. 31, 2022
Unicorns Acquisition
UNICORNS ACQUISITION	NOTE 4 – UNICORNS ACQUISITION Unicorns Acquisition In April 2021, Alex Konanykhin, founder of Unicorns, a Nevada corporation, transferred 50,000,001 75,000,000 66.67 In addition to the Company’s 66.67% interest in Unicorns, 20,000,000 shares of Unicorns or 26.7% are held by officers and directors of the Company. This consists of 5,000,000 shares or 6.67% held by Alex Konanykhin, CEO of TransparentBusiness, 5,000,000 shares or 6.67% held by Silvina Moschini, President of TransparentBusiness, 2,500,000 shares or 3.33% held by Andrew Winn, CFO of TransparentBusiness and 7,500,000 shares or 10.00% held by Moe Vela, a TransparentBusiness director. The remaining 5,000,000 shares, or 6.67%, are held by Craig Plestis, Executive Producer of the Unicorn Hunters show. Because the same related party shareholder group owned a majority of the voting shares of both companies prior to and after the issuance of shares to TransparentBusiness, Unicorns and the Company are considered to be entities under common control. Management evaluated whether Unicorns meets the criteria for classification as a VIE or as a voting interest entity (“VOE”) and concluded that Unicorns meets the criteria of a VIE. Management further concluded that the Company is the primary beneficiary of the Unicorns VIE because the Company has the power to direct the activities that most affect its economic performance and further has the obligation to absorb losses and the right to receive benefits that could be significant to the VIE. Accordingly, the Company is required to consolidate Unicorns as a VIE. Unicorns was consolidated in the Company’s financial statements prior to it being acquired in April 2021 as an entity under common control with the Company. The Unicorns NCI was 100% prior to the April acquisition because the Company didn’t own any shares of Unicorns stock. Subsequent to issuance of 66.67% of Unicorns shares to the Company in April 2021, the NCI decreased from 100% to 33.33%. In accordance with ASC 810 – Consolidations, the Company initially measured the assets and liabilities of Unicorns, including the NCI, at their previous carrying amounts because Unicorns and the Company are under common control. The Company’s consolidated balance sheets included the following assets and liabilities of Unicorns, after eliminations, as of March 31, 2022 and December 31, 2021, respectively. Schedule of consolidated balance sheet March 31, December 31, Assets Cash and cash equivalents $ 229,517 $ 230,059 Accounts receivable, net 8,420,000 4,281,000 Prepaid expenses and other current assets 928,458 46,273 Total assets 9,577,975 4,557,332 Liabilities Income tax payable $ 116,485 $ - Accrued expenses 134,918 86,996 Total liabilities 251,403 86,996 As part of the agreement in which the Company received 50,000,001 10,000 18,949 16,775 As more fully discussed in Note 6 – Segment Information, Unicorns is a separate reportable segment for the Company. Refer to Note 6 for revenues, cost of revenues and gross profit related to Unicorns. Unicorns NCI The NCI of Unicorns as of March 31, 2021 was negative $ 745 2.5 7.5 12,336 4,608 4,606 2,657 886 3,720 Unicorn Hunters Revenue and Non-Cash Receivables Revenue and accounts receivable for Unicorns generally consists of the fair value of stock options or warrants committed from companies that have appeared on the Unicorn Hunters show. The options or warrants underlying the commitments typically have terms of five to ten years and accounts receivable are recorded at the estimated fair value of such options or warrants as determined at contract inception. The estimated fair value of stock options and warrants, expected to be received as consideration, is dependent on the fair value of the underlying equity of each privately held presenting company. The fair value of such underlying private company equity is determined based on (i) the valuation indicated in a recent round of financing (ii) a recent pre-existing third-party valuation report or (iii) a new third-party valuation report as of or near the date of contract inception. Third-party valuation reports consider factors such as recent financing rounds, third-party financing transactions, discounted cash flow analyses and market-based information, including comparable transactions, trading multiples and other factors based on facts and circumstances specific to each privately held presenting company. For non-cash consideration in the form of “stock options” or “warrants” of the presenting company, the Company, with assistance from third-party valuation advisors, determines the fair value of such consideration using the Black-Scholes option pricing model which, in addition to the fair value of underlying stock, considers the term of the stock options or warrants, exercise price, volatility, interest rate and dividend yield. These are Level 3 estimates under the fair value hierarchy because they involve significant unobservable inputs. The valuation of stock options or warrants committed by Unicorns customers requires management judgement due to the absence of an observable market price for those options or warrants. Unicorns invoices customers for the number of committed options or warrants, and records the corresponding revenue and accounts receivable, when an episode is distributed for broadcast or streaming. Unicorns receivables are classified as current because the underlying option or warrant certificates are expected to be received within one year of invoicing. Subsequent to issuance of these option or warrant certificates to the Company, the related receivables will be reclassified to a long-term asset account representing investments in private company equity securities. Accounting for Investments in Private Companies In accordance with ASC 321 “Investments-Equity Securities” (“ASC 321”), equity securities for which the Company has no significant influence (generally less than a 20% ownership interest), and which do not have readily determinable fair values, are accounted for using the measurement alternative which is at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or a similar investments of the same issuer. All gains and losses on investments in equity securities are recognized in the Statements of Operations. The Company regularly reviews such equity securities for impairment based on a qualitative assessment which includes, but is not limited to (i) significant deterioration in the earnings performance, credit rating, asset quality or business prospects of the investee, (ii) significant adverse changes in the regulatory, economic or technological environment of the investee and (iii) significant adverse changes in the general market condition of either the geographical area or the industry in which the investee operates, (iv) a bona fide offer to purchase, an offer by the investee to sell, or a completed auction process for the same or similar investment for an amount less than the carrying amount of that investment, (v) factors that raise significant concerns about the investee’s ability to continue as a going concern such as negative cash flows from operations, working capital deficiencies, or non-compliance with statutory capital requirements or debt covenants. If an equity security is impaired, an impairment loss is recognized in the Statements of Operations equal to the difference between the fair value of the investment and its carrying amount. If such impairment is determined prior to receiving options or warrants to be received as consideration for Unicorns customer contracts, the related loss on impairment is reflected as bad debt expense. As of March 31, 2022, all such commitments to issue options or warrants remain classified in accounts receivable and no impairment or bad debt expense have been recorded to-date.

DIGITAL ASSETS

DIGITAL ASSETS	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
DIGITAL ASSETS	NOTE 5 – DIGITAL ASSETS As more fully discussed in the Company’s audited financial statements for the years ended December 31, 2021 and 2020, the Company records the initial cost basis of digital assets at then-current quoted market prices and presents all digital asset holdings as indefinite-lived intangible assets in accordance with ASC 350, Intangibles—Goodwill and Other. The Company performs an analysis each quarter to identify whether events or changes in circumstances, principally decreases in the quoted prices on active exchanges, indicate that it is more likely than not that our digital assets are impaired. In determining if an impairment has occurred, we consider the quoted price of the digital asset. If the then current carrying value of a digital asset exceeds the fair value so determined, an impairment loss has occurred with respect to those digital assets in the amount equal to the difference between their carrying values and the price determined. During the three months ended March 31, 2022 and 2021, the Company received digital assets of $ 1,152 30 During the three months ended March 31, 2022 and 2021, the Company recorded $ 4 0 The table below summarizes the carrying values of the Company’s digital asset holdings as of March 31, 2022 and December 31, 2021: Schedule of digital assets March 31, December 31, Bitcoin (BTC) $ 695,419 $ 167,795 Ethereum (ETH) 270,223 24,365 Litecoin (LTC) 37,869 3,482 USD Coin (USDC) 363,096 42,331 Dai (DAI) 19,800 - $ 1,386,407 $ 237,973 The table below summarizes the Company’s digital asset activity for the three months ended as of March 31, 2022 and 2021: Three Months Ended 2022 2021 Beginning balance on January $ 237,973 $ - Received as consideration in sales of common stock 22,980 30,000 Received as consideration in sales of Unicoin rights 1,129,204 - Impairments recorded (3,750 ) - Ending balance on March $ 1,386,407 $ 30,000 The market value of digital assets, based on quoted prices on active exchanges, was approximately $ 1,613 373 To date, the Company has not sold any digital assets, converted any into fiat currency nor used any as payment to vendors. The Company may use cryptocurrencies as payment to vendors for goods or services from time to time in the future. The Company’s policy is to compute resulting gains or losses by subtracting the then-current carrying value from the realized proceeds or the fair value of cryptocurrencies on the goods or services transaction date or the fair value of the goods or services received in exchange for cryptocurrencies, if more readily determinable). Any such transactions will be handled through Coinbase, the third-party custodian and exchange platform the Company utilizes to store its digital assets and facilitate transactions. The transfer of control and transaction date would be based on the transaction date as indicated in Coinbase exchange platform. The gain or loss will be determined for each digital asset purchase separately in accordance with first in first out (FIFO) method of accounting. During the second quarter of 2022, interest rate increases by central banks, including the United States Federal Reserve, led to volatility in global financial markets and asset prices. This financial market volatility included decreases in value for most digital assets (i.e., cryptocurrencies). As a result, the Company recorded an impairment charge of $ 613

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 6 – SEGMENT INFORMATION Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, or decision-making group in deciding how to allocate resources and in assessing performance. The Company evaluates operating results based on measures of performance, including revenues and profit (loss). The Company currently operates in the following three reporting segments: SaaS, TaaS and Unicorn Hunters. Our reportable segments consist of SaaS, TaaS and Unicorn Hunters. We determine our operating segments based on how the chief operating decision makers (“CODM”) manage the business, allocates resources, makes operating decisions and evaluates operating performance. The chief operating decision makers (“CODM”) are the Chief Executive Officer and the President of the Company. Our chief operating decision makers review financial information presented on a consolidated basis accompanied by information about revenue and cost of revenue by services type along with gross profit for purposes of allocating resources and evaluating financial performance, as such we have disclosed segment information up to gross profit for each operating segment. Furthermore, our revenues are derived from the United States and foreign countries which includes the South American and Europeans regions (“Foreign countries”). Historically the Company has operated in two segments – SaaS, which consists of operations relative to the Company’s fully integrated all-in-one cloud-based solution to manage remote workers and TaaS, which consists of operations relative to the Company’s staffing service offerings, where Customers are connected to individuals by the Company who are able to assist them in projects. A third segment was added in 2021, upon acquisition of Unicorns, which consists of operations relative to production and streaming of the Unicorn Hunters show which provides publicity and exposure to customers through their appearances on the Unicorn Hunters show. The following tables set forth certain reportable segment information relating to where the Company derived its revenue for the three months ended March 31, 2022, and 2021: Schedule of revenue from segments Three Months Ended March 31, 2022 2021 United Foreign Consolidated United Foreign Consolidated Staffing revenues $ 4,360,264 $ 228,963 $ 4,589,227 $ 2,998,525 $ 2,722 $ 3,001,247 Subscription revenues 354 3,489 3,843 2,157 47,027 49,184 Unicorn Hunters - 4,139,000 4,139,000 - - - Total revenues $ 4,360,618 $ 4,371,452 $ 8,732,070 $ 3,000,682 $ 49,749 $ 3,050,431 The following tables set forth certain reportable segment information relating to the Company’s operations for the three months ended March 31, 2022 and 2021: Schedule of operations from operations Three months ended March 31, 2022 TaaS SaaS Unicorn Consolidated Revenues $ 4,589,227 $ 3,843 $ 4,139,000 $ 8,732,070 Cost of revenues 3,582,807 297 11,821 3,594,925 Gross profit 1,006,420 3,546 4,127,179 5,137,145 Three months ended March 31, 2021 TaaS SaaS Unicorn Consolidated Revenues $ 3,001,247 $ 49,184 $ - $ 3,050,431 Cost of revenues 2,245,682 16,921 - 2,262,603 Gross profit 755,565 32,263 - 787,828 There were no material transactions between reportable segments during the three months ended March 31, 2022 and 2021. Assets by reportable segment and operating costs by reportable segment are not presented as the Company does not allocate assets to its reportable segments, nor is such information used by management for purposes of assessing performance or allocating resources.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
DEBT	NOTE 7 – DEBT As more fully described below, the Company’s short-term debt as of March 31, 2022 and December 31, 2021 totalled $ 1,264 1,216 Unsecured Notes From June 3, 2021 through March 31, 2022 the Company issued 94 private placement unsecured promissory notes with aggregate principal amount of $1,264 thousand and interest of 20.0% per annum, payable at maturity (the “Unsecured Notes”). The Unsecured Notes mature one year from issuance unless the holder elects to extend the maturity for one additional year. Prepayment is not permitted. The Unsecured Notes generally rank pari-passu relative to other unsecured obligations. As of March 31, 2022, $ 1,264 1,216 48 Unsecured Notes interest expense of $ 62

UNICOIN RIGHTS FINANCING OBLIGA

UNICOIN RIGHTS FINANCING OBLIGATION	3 Months Ended
	Mar. 31, 2022
Unicoin Rights Financing Obligation
UNICOIN RIGHTS FINANCING OBLIGATION	NOTE 8 – UNICOIN RIGHTS FINANCING OBLIGATION The Company is developing a security token called Unicoin (“Unicoins” or “Tokens”) whose value is intended to be supported by equity positions purchased from Unicorn Hunters show participants, as well as equity positions acquired by non-show participants for other services. Such equity positions may be held in a to-be-created investment fund (the “Fund”), to facilitate proper management of the equity portfolio. The intention of the Company is that when equity positions held by the Fund are liquidated through a liquidity event, some or all of the resulting proceeds are to be distributed to holders of the Unicoins. The Company is offering Unicoin Right Certificates with terms and conditions which are set forth in a confidential private placement memorandum dated March 2022 and subsequently updated in June 2022 (“the Offering”). The Offering is being conducted pursuant to an exemption from U.S. securities registration requirements provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) and Rule 506(c) thereunder. Each U.S. domiciled investor in Unicoin Rights must be an “accredited investor,” as defined in Rule 501 of the Securities Act. During the three months ended March 31, 2022, the Company issued rights to acquire 2.3 billion Unicoins in exchange for $13,839 thousand in cash, $1,129 thousand in digital assets (Note 5), $125 thousand of services from vendors, $32 thousand of services from employees, contractors and directors and $69 thousand which was recorded as a dividend to company stockholders (Note 9). In addition, as of March 31, 2022, the Company held approximately $ 2,135 The Company accounts for Unicoin Rights by recording a liability representing the amount that management believes the Company would be obligated to pay or refund (i.e., the amount holders have a right to claim and would likely be awarded in settlement) for fair value exchanged (i.e., in the form of cash or services) for rights to receive Unicoins in the future in the event the Unicoin is never developed and launched. As of March 31, 2022 and through the date of filing, the Company has not developed or issued any Unicoins and there is no assurance as to whether, or at what volumes, or on what terms, Unicoins will be available to be issued, if ever. As of March 31, 2022 the outstanding financing obligation related to Unicoin Rights issued was $ 15,193 As of March 31, 2022 and through the date of filing, the Company has not developed or issued any Unicoins and there is no assurance as to whether, or at what volumes, or on what terms, Unicoins will be available to be issued, if ever. As of March 31, 2022, as the Unicoins do not exist, and any amounts received for Unicoins are not considered equity or revenue, management determined that 100% of the obligation of $15,193 thousand is a liability to be settled through the issuance of Unicoins, or through other means if Unicoins are never issued. The obligation to settle this liability through the exchange of a fixed number of Unicoins, when and if all contingencies are resolved and Unicoins are launched, represents an embedded feature that may result in additional charges to the Company’s consolidated statement of operations upon settlement.

COMMON STOCK

COMMON STOCK	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
COMMON STOCK	NOTE 9 – COMMON STOCK The Company is authorized to issue 1,000,000,000 772,676,248 767,525,220 734,003,769 732,251,471 Issuance of Common Stock For the three months ended March 31, 2022, Company raised $1,360 thousand via a series of funding rounds as follows: Schedule of issuance of common stock Series Shares Weighted Average Proceeds Plus: Stock issues - Round 4a 29,500 $ 2.00 $ 59,000 Plus: Stock issues - Round 4b 27,001 3.00 81,000 Plus: Stock issues - Round 5 337,613 3.61 1,219,868 Total stock issues 394,114 $ 1,359,868 For the three months ended March 31, 2021, Company raised $13 thousand via a series of funding rounds as follows: Series Shares Weighted Proceeds Plus: Stock issues - Round 3b 3,333 $ 0.30 $ 1,000 Plus: Stock issues - Round 3d 20,000 0.60 12,000 Total stock issues 23,333 $ 13,000 All shares were issued from the Company’s pool of authorized common stock, which rights and privileges are discussed above and were the same for all shares issued to date. Each funding round was available for a defined period with a specified price per share and did not overlap with other funding rounds. Investors that subscribed during a specific round, locked the pricing offered for that round and Company had a limited time to close on the issuance of shares. Once a funding round was fully subscribed and committed, management evaluated capital needs and determined the price for the following round. Repurchases of Common Stock For the three months ended March 31, 2022, the Company repurchased 3,398,730 340 Shares of common stock reserved for future issuance are as follows: Schedule of common stock reserved March 31, December 31, Stock options outstanding (Note 10) 55,535,887 58,737,070 Warrants for common stock (Note 11) 10,310,000 11,570,000 Restricted stock units (Note 10) 525,230 788,797 Dividend of Unicoins In connection with a February 10, 2022 board consent, the Company declared a non-cash dividend of one Unicoin Right per each common share held of record on February 10, 2022. Through the filing date, a total of 730,503,862 Unicoin Rights were issued as non-cash dividends aggregating to $ 73 Management believes the fair value of the Unicoin Rights issued to its shareholders was de minimis given the following: ● The legal terms and conditions (and therefore the rights and obligations of the Company and holders of Unicoins) have not yet been finalized. ● Certain regulatory and other approvals will have to be obtained before the Unicoin can be launched by the Company and the yet-to-be newly formed entity that will ultimately issue Unicoins will be required to go through Registration with the SEC or identify an appropriate exemption from Registration before Unicoins can be actively traded. Obtaining these approvals and achieving appropriate Registration or exemption status may be outside of the Company’s control. ● The underlying business and related private company investment holdings that are intended to support the underlying value of Unicoins is in the early stages of operation and has not yet realized any investment gains and is likely to experience volatility that may be significant. Future dividends of Unicoin Rights will depend upon factors to be determined as the Company further develops its plans for Unicoins. The Company has not paid any cash dividends to date and does not anticipate or contemplate paying cash dividends in the foreseeable future; management’s intention is to utilize all available funds for further development of the Company’s business.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
STOCK-BASED COMPENSATION	NOTE 10 – STOCK-BASED COMPENSATION Options to purchase common stock are granted at the discretion of the Board of Directors, a committee thereof or, subject to defined limitations, an executive officer of the Company to whom such authority has been delegated. Non-Plan Equity Incentive Awards The Company provides discretionary awards such as nonqualified stock options as well as stock awards, any or all of which may be made contingent upon the achievement of performance criteria. The Company at its discretion determines the terms and conditions of the option award, including the time or times at which an option may be exercised, the methods by which such exercise price may be paid, and the form of such payment. Options are generally granted with an exercise price ranging from $ 0.001 2 Stock Options The Company recorded $ 12 82 The following is a summary of stock option activity for the three months ended March 31, 2022: Schedule of stock option activity Number of Shares Weighted exercise Weighted Aggregate Beginning balance January 1, 2022 58,737,070 $ 0.029 7.58 $ 58,764,812 Granted 17,547 1.030 Exercised (3,218,730 ) 0.002 3,280,250 Ending balance March 31, 2022 55,535,887 $ 0.031 7.36 $ 50,572,905 Vested and exercisable as of March 31, 2022 55,535,726 $ 0.031 7.36 $ 50,572,905 The assumptions used to determine stock-based compensation expense for the three months ended March 31, 2022 and 2021 were as follows: Schedule of assumptions used March 31, March 31, Fair value of common stock $ 0.94 $ 0.39 Expected term (in years) 10 10 Volatility 58.00 % 52.40 % Risk-free rate 2.30 % 1.75 % Dividend yield - - Restricted Stock Units RSU’s Classified as a Liability Prior to July 2021 the Company issued Restricted Stock Units (“RSU’s”) in which the Company has an obligation to issue a variable number of shares that are based on a fixed monetary amount. These awards are classified as a liability. The Company measures the cost of employee services received in exchange for a liability classified award based on the fixed dollar value of the awards. RSU’s Classified as Equity During 2021, the Company amended certain employment agreements for some of its employees that enabled those employees to receive stock awards worth a fixed dollar amount, either: (i) at end of every month in certain instances; or (ii) on the first anniversary of their respective employments in other instances. The revised employment agreement specifies the maximum number of shares to be issued upon vesting to the respective employees. Equity-classified RSU’s have a grant-date fair value equal to the fair market value of the underlying stock on the grant date less present value of expected dividends. These awards vest immediately. The following is a summary of RSU activity for the three months ended March 31, 2022: Schedule of liability and restricted stock units Liability Equity Classified Total Weighted Beginning balance - January 1, 2022 172,247 616,550 788,797 Granted - 10,135 10,135 $ 0.94 Vested (99,534 ) (174,168 ) (273,702 ) Ending balance - March 31, 2022 72,713 452,517 525,230 The Company recorded $ 54 327 During the three months ended March 31, 2022 and 2021 substantially all stock-based compensation expense was classified as general and administrative expense.

WARRANTS

WARRANTS	3 Months Ended
	Mar. 31, 2022
Warrants
WARRANTS	NOTE 11 – WARRANTS In connection with the execution of multiple Private Placement Memoranda during the years ended December 31, 2018 and 2017, the Company granted sales commission warrants to purchase shares of the Company’s common stock at exercise prices ranging from $ 0.001 1.00 Common stock purchase warrants issued and currently outstanding are recorded at their initial fair value and reported in stockholders’ equity (deficit) as increases to additional paid-in capital. These warrants were reported as equity, rather than liabilities, since (i) the warrants may not be net-cash settled, (ii) the warrant contractually limits the number of shares to be delivered in a net-share settlement, and (iii) the Company has sufficient unissued common shares available to settle outstanding warrants. Subsequent changes in fair value from the warrants’ initial fair value are not recognized as long as the warrants continue to be classified as equity. As of March 31, 2022 and December 31, 2021 all warrants were classified as equity. The table below summarizes warrant activity for the three months ended March 31, 2022. Schedule of common stock warrants Number of Weighted- Beginning balance as of January 1, 2022 11,570,000 Granted - - Exercised (1,260,000 ) Forfeited - - Ending balance as of March 31, 2022 10,310,000

NET LOSS PER SHARE

NET LOSS PER SHARE	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NOTE 12 – NET LOSS PER SHARE Net loss per common share is calculated in accordance with ASC Topic 260, Earnings Per Share Calculation of net losses per share is as follows for the three months ended March 31: Schedule of earning per shares basis and diluted Basic and Diluted: 2022 2021 Numerator: Net loss attributable to TransparentBusiness from consolidated statements of operations $ (1,355,225 ) $ (9,371,005 ) Denominator: Weighted average common shares outstanding used to compute basic and diluted loss per share 733,010,268 727,103,872 Net loss per common shares - basic and diluted $ (0.002 ) $ (0.013 ) The following table presents the potentially dilutive shares that were excluded from the computation of diluted net loss per share of common stock attributable to common stockholders, because their effect was anti-dilutive: Schedule of potentially dilutive shares 2022 2021 Stock Options 55,535,887 47,573,737 Warrants 10,310,000 12,570,000 Restricted Stock Units 525,230 856,125

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 13 – INCOME TAXES The Company’s effective tax rate was 92.69 0.01 21

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14 – COMMITMENTS AND CONTINGENCIES From time to time, the Company may be subject to legal proceedings and claims in the ordinary course of business. The Company is currently not aware of any legal proceedings or claims that will have, individually or in the aggregate, a material adverse effect on its consolidated business, financial condition, operation results or cash flows. The Company engages in operating leases primarily for the purpose of leasing office space to conduct day-to-day operations. Expenses incurred related to operating leases was $ 67 62 Future minimum annual payments required under operating leases as of March 31, 2022 is as follows: Schedule of future minimum payments operating leases Years Ended December 31, Amount 2022 (April through December) $ 186,537 2023 37,229 2024 - 2025 - 2026 - After 2026 - Total $ 223,766 The Company has agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that would generally enable the Company to recover a portion of any future amounts paid. The Company may also be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 15 – RELATED PARTY TRANSACTIONS Unicorns Acquisition As more fully described in Note 4, in April 2021, Alex Konanykhin, CEO of the Company and founder of Unicorns, issued 50,000,001 66.67 Related Party Promissory Note On October 24, 2020, the Company entered into a one-year Loan Agreement and Promissory Note (“Loan Agreement”) for $1,700 thousand with the current President of the Company (the “Borrower”). The Loan Agreement accrues interest at 3.06 3,400,000 the Company used the property for corporate purposes. During the six months ended June 30, 2021, $485 thousand of the $1,700 principal balance was repaid through a cash payment of $200 thousand and relinquishment of 1,500,000 shares of TransparentBusiness common stock valued at $0.19 per share based on a third-party valuation report. During the three months ended September 30, 2021, the remaining principal balance of $1,215 thousand was repaid through relinquishment of an additional 6,394,737 shares which were valued at $0.19 per share based on a third-party valuation report. Upon repayment of the loan, the space reverted to Ms. Moschini’s personal use. The receipt of shares was included with repurchases of common stock in the consolidated statement of changes in stockholders’ equity (deficit). During the three months ended March 31, 2021 the Company recognized $13 thousand in interest income related to the Loan Agreement and a $40 thousand payment was received by the Company.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 16 – SUBSEQUENT EVENTS Management has evaluated subsequent events through the date of issuance of these financial statements and has determined that there are no subsequent events outside the ordinary scope of business that require adjustment to, or disclosure in, the financial statements other than those described below. Company Name Change On October 6, 2022, the Company filed an amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware changing its name from TransparentBusiness, Inc. to Unicoin Inc. The name change was effective as of October 6, 2022. Common Stock Issued Subsequent to March 31, 2022, the Company issued 63,200 134 Deferred Payment Option for Sales of Unicoin Rights and Unicoins Rights Issued In August 2022 the Company began offering a deferred payment option to investors in its ongoing Unicoin Rights offering. The deferred payment option permits investors to purchase Unicoin Rights immediately and pay for such Rights in five equal annual installments, with the first installment due one year after the date of purchase. Use of the deferred payment option requires that investors provide collateral to the Company having a value, as estimated by the Company’s opinion, equal to 20% of the total purchase price of the purchased rights. Collateral can be in the form of TransparentBusiness common shares owned by the investor, Unicoin Rights already owned by the investor, cash, digital assets or other assets with a demonstrable value, in the Company’s discretion, if such assets can be transferred to the Company or a valid lien on such assets can be secured. Pursuant to the terms of the installment payment plan, both the pledged collateral and the Unicoin Rights being purchased under the installment plan will be forfeited to the Company if the investor fails to make any of the five annual installment payments. The Company is currently evaluating the accounting for sales of Unicoin Rights under the deferred payment option to determine the potential impact of the installment sales, and the collateral terms, on its financial position, results of operations and cash flows and related disclosures. Subsequent to March 31, 2022, investors signed agreements to purchase approximately 2.0 billion Unicoin Rights under this deferred payment option. Additionally, subsequent to March 31, 2022, the Company issued 370 million Unicoin Rights in exchange for consideration of approximately $16,854 thousand including cash of $6,769 thousand, digital assets of $490 thousand and $9,541 thousand in value of services. Additional Unicoin Rights with estimated value of $54 thousand were issued to Company employees and non-employees.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include the accounts of TransparentBusiness, Inc., its wholly owned subsidiaries, SheWorks! and Yandiki, as well as ITSQuest and Unicorns. These entities are consolidated in accordance with Accounting Standards Codification (“ASC”) 810, Consolidations . Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the years ended December 31, 2021 and 2020. The unaudited condensed consolidated balance sheet as of December 31, 2021, included herein, was derived from the audited consolidated balance sheet of the Company as of that date.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions in the consolidated financial statements and accompanying notes. Significant estimates and assumptions made by the Company include: the valuation of Unicoins, valuation of non-cash consideration received from Unicorns customers, including accounts receivable and private company investments, and the associated revenue recognition; valuation of investments in private companies; valuation of Company’s common stock as a private company, valuation of the NCI in ITSQuest; valuation of the ITSQuest contingent divestiture; determination of the fair value of assets acquired and liabilities assumed in the business combination with ITSQuest; determination of the useful lives assigned to intangible assets; determination of the fair value of the ITSQuest indemnification asset and related tax liability; assessments for potential impairment of goodwill and intangible assets including digital assets; assessments of the recoverability of accounts receivable and determination of the fair value of certain stock awards issued. The Company bases these estimates on historical experience and on various other assumptions that management believes to be reasonable, the result of which forms the basis for making judgements about the carrying values of assets and liabilities. Actual results could differ materially from those estimates.
Risks and Uncertainties	Risks and Uncertainties The Company is subject to a number of risks that are similar to those which other companies of similar size in its industry are facing, including, but not limited to, the need for additional capital (or financing) to fund operations, competition from substitute products and services from larger companies, protection of proprietary technology, dependence on key customers, dependence on key individuals, and risks associated with changes in information technology. In January 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus (“COVID-19”) and the risks to the international community. In March 2020, WHO classified the COVID-19 outbreak as a pandemic based on the rapid increase in exposure globally. The outbreak of the COVID-19 pandemic has affected the United States and global economies and may affect the Company’s operations and those of third parties on which the Company relies. While the potential economic impact brought by, and the duration of, the COVID-19 pandemic is difficult to assess or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce the Company’s ability to access capital, which could negatively impact the Company’s short-term and long-term liquidity. The ultimate impact of the COVID-19 pandemic is uncertain and subject to change. As of the date of this report, the Company’s efforts to respond to the challenges presented by the conditions described above have allowed the Company to minimize the impacts of these challenges to its business. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts receivables. The Company’s cash and cash equivalents are held in accounts with major financial institutions, and, at times, exceed federally insured limits. In addition, as more fully described above, the Company has non-cash receivables consisting of options and warrants to purchase common stock in small private companies. The Company also holds digital assets which are more fully described above and in Note 5. Digital asset market values are subject to significant fluctuations based on supply and demand for such digital assets and other factors. The Company’s digital assets are included in the consolidated balance sheets as intangible assets. During the three months ended March 31, 2022, the Company had one customer for which revenue accounted for 10 45 36 10 16 13 10 5 2 3 The Share Exchange Agreement we entered into in order to acquire a majority stake in ITSQuest contains a contingent divestiture provision whereby if TransparentBusiness does not engage in a public offering of its securities at a price of at least $10 per share on or before December 31, 2022, then TransparentBusiness will be required to divest itself of the acquired ITSQuest equity by returning the same to the founders of ITSQuest, and such founders shall be entitled to retain the shares of TransparentBusiness received pursuant to the Exchange Agreement. Such an event would cause the loss of ITSQuest-associated revenue to TransparentBusiness while resulting in us having issued equity to the ITSQuest founders for only nominal consideration.
Significant Accounting Policies	Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies disclosed in its audited consolidated financial statements for the years ended December 31, 2021 and 2020. However, the Company has expanded the description of its accounting policy for Unicorn Hunters Revenue and Non-Cash Receivables and Accounting for Investments in Private Companies in Note 4 - Unicorns Acquisition.
Lease Accounting	Lease Accounting As more fully discussed in the Company’s audited financial statements for the years ended December 31, 2021 and 2020, in February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). Under ASU 2016-02, entities are required to recognize assets and liabilities for the rights and obligations created by leases on the entity’s consolidated balance sheets for both finance and operating leases. Topic 842 is effective for the Company beginning January 1, 2022 in connection with the issuance of its annual financial statements for the year ended December 31, 2022 and for interim periods beginning with its quarterly financial statements for the three months ended March 31, 2023. Because the standard is effective January 1, 2022, but is not required to be reflected in quarterly financial statements until the first quarter of 2023, the comparative financial statements for the first quarter of 2022 to be included with the financial statements for the first quarter of 2023 may differ from these financial statements as a result of recognition of assets and liabilities for the rights and obligations created by the Company’s leases.
Revenue Recognition	Revenue Recognition Revenue Sources The Company primarily derives its revenues from three revenue streams: 1. Subscription Revenue 2. Staffing Revenue 3. Unicorns Revenue Refer to Note 6 – Segment Information for disaggregated revenue information. Deferred revenue The Company had deferred revenue of $ 210 51 9.0 2.2
Reclassification of Operating Costs and Expenses:	Reclassification of Operating Costs and Expenses: During the three months ended June 30, 2022, the Company reclassified certain operating costs and expenses within the consolidated statements of operations and comprehensive loss. Prior-period amounts were revised to conform with the current presentation. These changes have no impact on the Company’s previously reported consolidated net loss, loss per share, total operating expenses, financial position, or cash flows. The reclassifications result from refinement of the Company’s approach to allocation of expenses based on departments. This refined methodology resulted in a reduction of general and administrative expense and increases in sales and marketing expense and research and development expense. The classification of operating cost and expenses included in the condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2022 and 2021, included herein, conform to the refined methodology described above. However, since the reclassification affects amounts included in the consolidated statements of operations and comprehensive loss for the three months ended March 31, 2022 and 2021 respectively, which were previously reported in Form 10-12GA filed on August 13, 2022, the impact of those changes is presented below: Schedule of previously reported Three Months Ended Three Months Ended As Adjustments Reclassified As Adjustments Reclassified Operating Costs and Expenses: General and administrative 3,820,788 (420,984 ) 3,399,804 3,494,813 450,892 3,945,705 Sales and marketing 1,449,717 298,286 1,748,003 7,312,996 (460,041 ) 6,852,955 Research and development - 122,698 122,698 119,000 9,149 128,149 Total Operating Costs and Expenses 5,270,505 - 5,270,505 10,926,809 - 10,926,809

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Schedule of previously reported	Schedule of previously reported Three Months Ended Three Months Ended As Adjustments Reclassified As Adjustments Reclassified Operating Costs and Expenses: General and administrative 3,820,788 (420,984 ) 3,399,804 3,494,813 450,892 3,945,705 Sales and marketing 1,449,717 298,286 1,748,003 7,312,996 (460,041 ) 6,852,955 Research and development - 122,698 122,698 119,000 9,149 128,149 Total Operating Costs and Expenses 5,270,505 - 5,270,505 10,926,809 - 10,926,809

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of fair value assets measured on recurring basis	Schedule of fair value assets measured on recurring basis As of March 31, 2022 Carrying Value Level 1 Level 2 Level 3 Total ASSETS Cash held by financial institutions $ 9,369,235 $ 9,369,235 $ - $ - $ 9,369,235 Money market funds 472,733 472,733 - - 472,733 As of December 31, 2021 Carrying Value Level 1 Level 2 Level 3 Total ASSETS Cash held by financial institutions $ 1,299,808 $ 1,299,808 $ - $ - $ 1,299,808 Money market funds 572,721 572,721 - - 572,721

UNICORNS ACQUISITION (Tables)

UNICORNS ACQUISITION (Tables)	3 Months Ended
	Mar. 31, 2022
Unicorns Acquisition
Schedule of consolidated balance sheet	Schedule of consolidated balance sheet March 31, December 31, Assets Cash and cash equivalents $ 229,517 $ 230,059 Accounts receivable, net 8,420,000 4,281,000 Prepaid expenses and other current assets 928,458 46,273 Total assets 9,577,975 4,557,332 Liabilities Income tax payable $ 116,485 $ - Accrued expenses 134,918 86,996 Total liabilities 251,403 86,996

DIGITAL ASSETS (Tables)

DIGITAL ASSETS (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of digital assets	Schedule of digital assets March 31, December 31, Bitcoin (BTC) $ 695,419 $ 167,795 Ethereum (ETH) 270,223 24,365 Litecoin (LTC) 37,869 3,482 USD Coin (USDC) 363,096 42,331 Dai (DAI) 19,800 - $ 1,386,407 $ 237,973 The table below summarizes the Company’s digital asset activity for the three months ended as of March 31, 2022 and 2021: Three Months Ended 2022 2021 Beginning balance on January $ 237,973 $ - Received as consideration in sales of common stock 22,980 30,000 Received as consideration in sales of Unicoin rights 1,129,204 - Impairments recorded (3,750 ) - Ending balance on March $ 1,386,407 $ 30,000

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of revenue from segments	Schedule of revenue from segments Three Months Ended March 31, 2022 2021 United Foreign Consolidated United Foreign Consolidated Staffing revenues $ 4,360,264 $ 228,963 $ 4,589,227 $ 2,998,525 $ 2,722 $ 3,001,247 Subscription revenues 354 3,489 3,843 2,157 47,027 49,184 Unicorn Hunters - 4,139,000 4,139,000 - - - Total revenues $ 4,360,618 $ 4,371,452 $ 8,732,070 $ 3,000,682 $ 49,749 $ 3,050,431
Schedule of operations from operations	Schedule of operations from operations Three months ended March 31, 2022 TaaS SaaS Unicorn Consolidated Revenues $ 4,589,227 $ 3,843 $ 4,139,000 $ 8,732,070 Cost of revenues 3,582,807 297 11,821 3,594,925 Gross profit 1,006,420 3,546 4,127,179 5,137,145 Three months ended March 31, 2021 TaaS SaaS Unicorn Consolidated Revenues $ 3,001,247 $ 49,184 $ - $ 3,050,431 Cost of revenues 2,245,682 16,921 - 2,262,603 Gross profit 755,565 32,263 - 787,828

COMMON STOCK (Tables)

COMMON STOCK (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of issuance of common stock	Schedule of issuance of common stock Series Shares Weighted Average Proceeds Plus: Stock issues - Round 4a 29,500 $ 2.00 $ 59,000 Plus: Stock issues - Round 4b 27,001 3.00 81,000 Plus: Stock issues - Round 5 337,613 3.61 1,219,868 Total stock issues 394,114 $ 1,359,868 For the three months ended March 31, 2021, Company raised $13 thousand via a series of funding rounds as follows: Series Shares Weighted Proceeds Plus: Stock issues - Round 3b 3,333 $ 0.30 $ 1,000 Plus: Stock issues - Round 3d 20,000 0.60 12,000 Total stock issues 23,333 $ 13,000
Schedule of common stock reserved	Schedule of common stock reserved March 31, December 31, Stock options outstanding (Note 10) 55,535,887 58,737,070 Warrants for common stock (Note 11) 10,310,000 11,570,000 Restricted stock units (Note 10) 525,230 788,797

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of stock option activity	Schedule of stock option activity Number of Shares Weighted exercise Weighted Aggregate Beginning balance January 1, 2022 58,737,070 $ 0.029 7.58 $ 58,764,812 Granted 17,547 1.030 Exercised (3,218,730 ) 0.002 3,280,250 Ending balance March 31, 2022 55,535,887 $ 0.031 7.36 $ 50,572,905 Vested and exercisable as of March 31, 2022 55,535,726 $ 0.031 7.36 $ 50,572,905
Schedule of assumptions used	Schedule of assumptions used March 31, March 31, Fair value of common stock $ 0.94 $ 0.39 Expected term (in years) 10 10 Volatility 58.00 % 52.40 % Risk-free rate 2.30 % 1.75 % Dividend yield - -
Schedule of liability and restricted stock units	Schedule of liability and restricted stock units Liability Equity Classified Total Weighted Beginning balance - January 1, 2022 172,247 616,550 788,797 Granted - 10,135 10,135 $ 0.94 Vested (99,534 ) (174,168 ) (273,702 ) Ending balance - March 31, 2022 72,713 452,517 525,230

WARRANTS (Tables)

WARRANTS (Tables)	3 Months Ended
	Mar. 31, 2022
Warrants
Schedule of common stock warrants	Schedule of common stock warrants Number of Weighted- Beginning balance as of January 1, 2022 11,570,000 Granted - - Exercised (1,260,000 ) Forfeited - - Ending balance as of March 31, 2022 10,310,000

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of earning per shares basis and diluted	Schedule of earning per shares basis and diluted Basic and Diluted: 2022 2021 Numerator: Net loss attributable to TransparentBusiness from consolidated statements of operations $ (1,355,225 ) $ (9,371,005 ) Denominator: Weighted average common shares outstanding used to compute basic and diluted loss per share 733,010,268 727,103,872 Net loss per common shares - basic and diluted $ (0.002 ) $ (0.013 )
Schedule of potentially dilutive shares	Schedule of potentially dilutive shares 2022 2021 Stock Options 55,535,887 47,573,737 Warrants 10,310,000 12,570,000 Restricted Stock Units 525,230 856,125

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum payments operating leases	Schedule of future minimum payments operating leases Years Ended December 31, Amount 2022 (April through December) $ 186,537 2023 37,229 2024 - 2025 - 2026 - After 2026 - Total $ 223,766

ORGANIZATION AND OPERATIONS (De

ORGANIZATION AND OPERATIONS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Apr. 30, 2021	Nov. 30, 2020
Net losses	$ 375	$ 10,127
Cash in operating activities	9,054	$ 289
Accumulated deficit	$ 61,302		$ 59,947
I T S Quest Inc [Member]
Ownership interest, percentage					51%
Unicorns Inc [Member]
Ownership interest, percentage				66.67%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Costs and Expenses:
General and administrative	$ 3,399,804	$ 3,945,707
Sales and marketing	1,748,003	6,852,953
Research and development	122,698	128,149
Total Operating Costs and Expenses	5,270,505	10,926,809
Previously Reported [Member]
Operating Costs and Expenses:
General and administrative	3,820,788	3,494,813
Sales and marketing	1,449,717	7,312,996
Research and development		119,000
Total Operating Costs and Expenses	5,270,505	10,926,809
Revision of Prior Period, Adjustment [Member]
Operating Costs and Expenses:
General and administrative	(420,984)	450,892
Sales and marketing	298,286	(460,041)
Research and development	122,698	9,149
Total Operating Costs and Expenses
Reclassified [Member]
Operating Costs and Expenses:
General and administrative	3,399,804	3,945,705
Sales and marketing	1,748,003	6,852,955
Research and development	122,698	128,149
Total Operating Costs and Expenses	$ 5,270,505	$ 10,926,809

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Product Information [Line Items]
Deferred revenue	$ 210,000		$ 51,000
Deferred revenue Additions	$ 9,000	$ 2,200
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage		10%
Customer One [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage	10%	16%	5%
Customer One [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage	45%
Customer Two [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage		13%	2%
Customer Two [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage	36%
Customer Three [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage		10%	3%

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	$ 9,841,968	$ 1,872,529
Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	9,369,235	1,299,808
Fair value of assets	9,369,235	1,299,808
Cash [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets	9,369,235	1,299,808
Cash [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets
Cash [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	472,733	572,721
Fair value of assets	472,733	572,721
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets	472,733	572,721
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets

UNICORNS ACQUISITION (Details)

UNICORNS ACQUISITION (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 229,517	$ 230,059
Accounts receivable, net	8,420,000	4,281,000
Prepaid expenses and other current assets	928,458	46,273
Total assets	9,577,975	4,557,332
Liabilities
Income tax payable	116,485
Accrued expenses	134,918	86,996
Total liabilities	$ 251,403	$ 86,996

UNICORNS ACQUISITION (Details N

UNICORNS ACQUISITION (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Apr. 30, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Unicorns Acquisition description		In addition to the Company’s 66.67% interest in Unicorns, 20,000,000 shares of Unicorns or 26.7% are held by officers and directors of the Company. This consists of 5,000,000 shares or 6.67% held by Alex Konanykhin, CEO of TransparentBusiness, 5,000,000 shares or 6.67% held by Silvina Moschini, President of TransparentBusiness, 2,500,000 shares or 3.33% held by Andrew Winn, CFO of TransparentBusiness and 7,500,000 shares or 10.00% held by Moe Vela, a TransparentBusiness director. The remaining 5,000,000 shares, or 6.67%, are held by Craig Plestis, Executive Producer of the Unicorn Hunters show. Because the same related party shareholder group owned a majority of the voting shares of both companies prior to and after the issuance of shares to TransparentBusiness, Unicorns and the Company are considered to be entities under common control.
Net income loss		$ (375,451)	$ (10,126,714)
Unicorns [Member]
Restructuring Cost and Reserve [Line Items]
Number of shares issued	50,000,001
Interest Percentage	66.67%
Number of shares received		50,000,001
Line of credit		$ 10,000,000
Intercompany loan,		18,949,000		$ 16,775,000
Net income loss				12,336,000
Unicorns [Member] | Moe Vela [Member]
Restructuring Cost and Reserve [Line Items]
Number of shares issued	75,000,000
Unicorns N C I [Member]
Restructuring Cost and Reserve [Line Items]
Net income loss			$ 745,000	$ 4,608,000
NCI balance		4,606,000
I T S Quest [Member]
Restructuring Cost and Reserve [Line Items]
Net income loss		2,500
Unicorns Common Stock [Member]
Restructuring Cost and Reserve [Line Items]
Net income loss		7,500
N C Is [Member]
Restructuring Cost and Reserve [Line Items]
Net income loss		2,657,000
N C I [Member]
Restructuring Cost and Reserve [Line Items]
Net income loss		886,000
N C I 1 [Member]
Restructuring Cost and Reserve [Line Items]
Net income loss		$ 3,720,000

DIGITAL ASSETS (Details)

DIGITAL ASSETS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total	$ 1,386,407		$ 237,973
Beginning balance	237,973
Received as consideration in sales of common stock	22,980	30,000
Received as consideration in sales of private placement unsecured notes	1,129,204
Impairments recorded	(3,750)
Ending balance	1,386,407	$ 30,000
Bitcoin [Member]
Finite-Lived Intangible Assets [Line Items]
Total	695,419		167,795
Ethereum [Member]
Finite-Lived Intangible Assets [Line Items]
Total	270,223		24,365
Litecoin [Member]
Finite-Lived Intangible Assets [Line Items]
Total	37,869		3,482
USD Coin [Member]
Finite-Lived Intangible Assets [Line Items]
Total	363,096		42,331
Dai D A I [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 19,800

DIGITAL ASSETS (Details Narrati

DIGITAL ASSETS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Digital assets	$ 1,152	$ 30
Impairments losses	4	$ 0
Impairment charge	613
Exchanges [Member]
Restructuring Cost and Reserve [Line Items]
Digital assets	$ 1,613		$ 373

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from External Customer [Line Items]
Total revenues	$ 8,732,070	$ 3,050,431
UNITED STATES
Revenue from External Customer [Line Items]
Total revenues	4,360,618	3,000,682
Foreign Tax Authority [Member]
Revenue from External Customer [Line Items]
Total revenues	4,371,452	49,749
Staffing Revenues [Member]
Revenue from External Customer [Line Items]
Total revenues	4,589,227	3,001,247
Staffing Revenues [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Total revenues	4,360,264	2,998,525
Staffing Revenues [Member] | Foreign Tax Authority [Member]
Revenue from External Customer [Line Items]
Total revenues	228,963	2,722
Subscription Revenues [Member]
Revenue from External Customer [Line Items]
Total revenues	3,843	49,184
Subscription Revenues [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Total revenues	354	2,157
Subscription Revenues [Member] | Foreign Tax Authority [Member]
Revenue from External Customer [Line Items]
Total revenues	3,489	47,027
Unicorns [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Total revenues
Unicorns [Member] | Foreign Tax Authority [Member]
Revenue from External Customer [Line Items]
Total revenues	4,139,000
Unicorn Hunters [Member]
Revenue from External Customer [Line Items]
Total revenues	$ 4,139,000

SEGMENT INFORMATION (Details 1)

SEGMENT INFORMATION (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from External Customer [Line Items]
Revenues	$ 8,732,070	$ 3,050,431
Cost of revenues	3,594,925	2,262,603
Gross profit	5,137,145	787,828
Taa S [Member]
Revenue from External Customer [Line Items]
Revenues	4,589,227	3,001,247
Cost of revenues	3,582,807	2,245,682
Gross profit	1,006,420	755,565
Saa S [Member]
Revenue from External Customer [Line Items]
Revenues	3,843	49,184
Cost of revenues	297	16,921
Gross profit	3,546	32,263
Unicorn Hunters [Member]
Revenue from External Customer [Line Items]
Revenues	4,139,000
Cost of revenues	11,821
Gross profit	$ 4,127,179

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Short term debt	$ 1,264	$ 1,216
Due and payable		48
Interest expense	62
Commercial Paper [Member]
Short-Term Debt [Line Items]
Principal amount	$ 1,264	$ 1,216

UNICOIN RIGHTS FINANCING OBLI_2

UNICOIN RIGHTS FINANCING OBLIGATION (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Unicoin Rights Financing Obligation
Issued rights to acquire	the Company issued rights to acquire 2.3 billion Unicoins in exchange for $13,839 thousand in cash, $1,129 thousand in digital assets (Note 5), $125 thousand of services from vendors, $32 thousand of services from employees, contractors and directors and $69 thousand which was recorded as a dividend to company stockholders (Note 9).
Cash deposits	$ 2,135
Rights issued	$ 15,193

COMMON STOCK (Details)

COMMON STOCK (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Class of Stock [Line Items]
Shares	394,114	23,333
Proceeds	$ 1,359,868	$ 13,000
Stock Issues 4a [Member]
Class of Stock [Line Items]
Shares	29,500
Weighted Average Price per Share	$ 2
Proceeds	$ 59,000
Stock Issues 4b [Member]
Class of Stock [Line Items]
Shares	27,001
Weighted Average Price per Share	$ 3
Proceeds	$ 81,000
Stock Issues 5 [Member]
Class of Stock [Line Items]
Shares	337,613
Weighted Average Price per Share	$ 3.61
Proceeds	$ 1,219,868
Stock Issues 3b [Member]
Class of Stock [Line Items]
Shares		3,333
Weighted Average Price per Share			$ 0.30
Proceeds		$ 1,000
Stock Issues 3d [Member]
Class of Stock [Line Items]
Shares		20,000
Weighted Average Price per Share			$ 0.60
Proceeds		$ 12,000

COMMON STOCK (Details 1)

COMMON STOCK (Details 1) - shares	Mar. 31, 2022	Dec. 31, 2021
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares of common stock reserved for future issuance	55,535,887	58,737,070
Warrant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares of common stock reserved for future issuance	10,310,000	11,570,000
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares of common stock reserved for future issuance	525,230	788,797

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	772,676,248	767,525,220
Common stock, shares outstanding	734,003,769	732,251,471
Repurchase of common stock, Shares	3,398,730
Repurchase of common stock	$ 340
Non-cash dividends aggregating	$ 73

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details)	3 Months Ended
	Mar. 31, 2022 USD ($) $ / shares shares
Equity [Abstract]
Beginning balance	58,737,070
Weighted average exercise price, beginning balance | $ / shares	$ 0.029
Weighted Average Remaining Contractual Term (Years)	7 years 6 months 29 days
Aggregate intrinsic value, beginning balance | $	$ 58,764,812
Granted	17,547
Weighted average exercise price, Granted | $ / shares	$ 1.030
Exercised	(3,218,730)
Weighted average exercise price, Exercised | $ / shares	$ 0.002
Aggregate intrinsic value, exercised | $	$ 3,280,250
Ending balance	55,535,887
Weighted average exercise price, ending balance | $ / shares	$ 0.031
Weighted Average Remaining Contractual Term (Years)	7 years 4 months 9 days
Aggregate intrinsic value, ending balance | $	$ 50,572,905
Vested and exercisable	55,535,726
Weighted average exercise price, Vested and exercisable | $ / shares	$ 0.031
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	7 years 4 months 9 days
Vested and exercisable Aggregate instrinsic value	50,572,905

STOCK-BASED COMPENSATION (Det_2

STOCK-BASED COMPENSATION (Details 1) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Expected term (in years)	10 years	10 years
Volatility	58%	52.40%
Risk-free rate	2.30%	1.75%
Dividend yield
Maximum [Member]
Fair value of common stock	$ 0.94	$ 0.39

STOCK-BASED COMPENSATION (Det_3

STOCK-BASED COMPENSATION (Details 2)	3 Months Ended
	Mar. 31, 2022 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	58,737,070
Restricted Stock Units, Granted	17,547
Restricted Stock Units, Vested	(3,218,730)
Ending balance	55,535,887
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	788,797
Restricted Stock Units, Granted	10,135
Weighted Average Grant date fair value | $ / shares	$ 0.94
Restricted Stock Units, Vested	(273,702)
Ending balance	525,230
Restricted Stock Units (RSUs) [Member] | Liability Classified [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	172,247
Restricted Stock Units, Granted
Restricted Stock Units, Vested	(99,534)
Ending balance	72,713
Restricted Stock Units (RSUs) [Member] | Equity Classified [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	616,550
Restricted Stock Units, Granted	10,135
Restricted Stock Units, Vested	(174,168)
Ending balance	452,517

STOCK-BASED COMPENSATION (Det_4

STOCK-BASED COMPENSATION (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price, lower range limit	$ 0.001
Exercise price, upper range limit	$ 2
Unrecognized equity-based compensation for unvested Stock Options	$ 12	$ 82
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 54	$ 327

WARRANTS (Details)

WARRANTS (Details) - Warrant [Member]	3 Months Ended
	Mar. 31, 2022 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants outstanding, beginning balance	11,570,000
Warrants, granted
Warrants, exercised	(1,260,000)
Warrants, forfeited
Warrants outstanding, ending balance	10,310,000

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Warrants
Warrants exercise prices	$ 0.001	$ 1

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Net loss attributable to TransparentBusiness from consolidated statements of operations	$ (1,355,225)	$ (9,371,005)
Denominator:
Weighted average common shares outstanding used to compute basic and diluted loss per share	733,010,268	727,103,872
Net loss per common shares - basic and diluted	$ (0.002)	$ (0.013)

NET LOSS PER SHARE (Details 1)

NET LOSS PER SHARE (Details 1) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares	55,535,887	47,573,737
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares	10,310,000	12,570,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares	525,230	856,125

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Effective tax rate	92.69%	0.01%
U.S. federal statutory rate	21%

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022 (April through December)	$ 186,537
2023	37,229
2024
2025
2026
After 2026
Total	$ 223,766

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Expenses incurred related to operating leases	$ 67	$ 62

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - shares	1 Months Ended
	Apr. 30, 2021	Oct. 24, 2020
Borrower [Member] | Promissory Note [Member] | Loan Agreement [Member]
Restructuring Cost and Reserve [Line Items]
Interest rate		3.06%
Moschini [Member] | Promissory Note [Member] | Loan Agreement [Member]
Restructuring Cost and Reserve [Line Items]
Number of shares issued for loan collateralized		3,400,000
Loan payment descriptions		the Company used the property for corporate purposes. During the six months ended June 30, 2021, $485 thousand of the $1,700 principal balance was repaid through a cash payment of $200 thousand and relinquishment of 1,500,000 shares of TransparentBusiness common stock valued at $0.19 per share based on a third-party valuation report. During the three months ended September 30, 2021, the remaining principal balance of $1,215 thousand was repaid through relinquishment of an additional 6,394,737 shares which were valued at $0.19 per share based on a third-party valuation report. Upon repayment of the loan, the space reverted to Ms. Moschini’s personal use. The receipt of shares was included with repurchases of common stock in the consolidated statement of changes in stockholders’ equity (deficit). During the three months ended March 31, 2021 the Company recognized $13 thousand in interest income related to the Loan Agreement and a $40 thousand payment was received by the Company.
Unicorns [Member]
Restructuring Cost and Reserve [Line Items]
Number of shares issued	50,000,001
Interest Percentage	66.67%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Jun. 30, 2022
Subsequent Event [Line Items]
Non-employees Description	the Company issued 370 million Unicoin Rights in exchange for consideration of approximately $16,854 thousand including cash of $6,769 thousand, digital assets of $490 thousand and $9,541 thousand in value of services. Additional Unicoin Rights with estimated value of $54 thousand were issued to Company employees and non-employees.
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, Other		63,200
Stock Issued During Period, Value, Other		$ 134