TransparentBusiness 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
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		733,537,366

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 7,566,518	$ 1,522,069
Trade receivables payable in cash (Note 2)	2,235,379	2,418,773
Unicorn Hunters non-cash receivables (Note 4)		8,322,000
Prepaid expenses and other current assets (Note 2)	869,572	511,790
Indemnification asset	4,849,375	4,659,700
TOTAL CURRENT ASSETS	15,520,844	17,434,332
Property and equipment, net	38,044	46,032
Goodwill	3,865,695	3,865,695
Intangible assets, net	2,775,922	3,041,972
Investments in privately-held companies (Note 4)	8,627,000	298,000
Operating lease right-of-use assets	231,061	349,631
TOTAL ASSETS	31,058,566	25,035,662
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Accounts payable	906,180	2,159,677
Income tax payable	1,532	27,500
Accrued expenses	2,036,798	1,314,195
Accrued payroll liabilities	778,721	611,614
Deferred revenue	8,534	18,969
ITSQuest tax liability	4,849,375	4,659,700
Short-term debt	491,300	708,100
Loan from related party (Note 13)	294,000	645,000
Operating lease liabilities, current	136,777	149,802
Other current liabilities	402,204	823,876
TOTAL CURRENT LIABILITIES	9,905,421	11,118,433
Deferred income tax liability, net	1,141,453	1,141,453
Unicoin rights financing obligation (Note 7)	55,327,488	37,461,847
Operating lease liabilities, noncurrent	97,269	199,629
TOTAL LIABILITIES	66,471,631	49,921,362
STOCKHOLDERS’ EQUITY (DEFICIT)
Common stock, $0.001 par value; 1,000,000,000 authorized; 773,062,838 and 772,938,415 issued; 733,537,366 and 733,427,768 outstanding, net of treasury stock as of September 30, 2023 and December 31, 2022, respectively	773,063	772,938
Treasury stock, at cost; 39,525,472 and 39,510,647 shares as of September 30, 2023 and December 31, 2022, respectively	(3,394,692)	(3,389,446)
Additional paid-in capital	72,979,954	72,831,056
Accumulated deficit	(103,575,826)	(92,570,448)
TOTAL UNICOIN INC. STOCKHOLDERS’ EQUITY (DEFICIT)	(33,217,501)	(22,355,900)
Noncontrolling interest	(2,195,564)	(2,529,800)
TOTAL STOCKHOLDERS’ DEFICIT	(35,413,065)	(24,885,700)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$ 31,058,566	$ 25,035,662

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
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	773,062,838	772,938,415
Common stock, shares, outstanding	733,537,366	733,427,768
Treasury stock, shares	39,525,472	39,510,647

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
REVENUES	$ 5,631,915	$ 4,995,533	$ 14,416,375	$ 18,588,317
COST OF REVENUES	4,500,314	4,376,840	11,467,013	17,046,209
GROSS PROFIT	1,131,601	618,693	2,949,362	1,542,108
OPERATING COSTS AND EXPENSES
General and administrative	4,053,193	3,563,994	10,887,459	11,634,644
Sales and marketing	2,230,935	2,370,713	2,842,164	16,576,835
Research and development	118,480	113,915	233,087	363,316
TOTAL OPERATING COSTS AND EXPENSES	6,402,608	6,048,622	13,962,710	28,574,795
LOSS FROM OPERATIONS	(5,271,007)	(5,429,929)	(11,013,348)	(27,032,687)
Interest income (expense), net	(36,979)	(42,272)	(154,385)	(161,117)
Other income (expense), net	647,601	(2,591)	647,601	(3,207)
LOSS BEFORE INCOME TAXES	(4,660,385)	(5,474,792)	(10,520,132)	(27,197,011)
Income tax expense	(43,168)	(55,884)	(151,010)	(171,177)
NET LOSS AND COMPREHENSIVE LOSS	(4,703,553)	(5,530,676)	(10,671,142)	(27,368,188)
Less: net income/(loss) attributable to the noncontrolling interest	249,290	(258,831)	334,236	(1,452,315)
NET LOSS ATTRIBUTABLE TO UNICOIN INC.	$ (4,952,843)	$ (5,271,845)	$ (11,005,378)	$ (25,915,873)
Net loss per share attributable to Unicoin Inc., basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.04)
Net loss per share attributable to Unicoin Inc., diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.04)
Weighted average common shares outstanding used to compute basic loss per share	733,517,657	734,084,942	733,475,323	733,708,322
Weighted average common shares outstanding used to compute diluted loss per share	733,517,657	734,084,942	733,475,323	733,708,322

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stocks [Member]	Retained Earnings [Member]	Unicoin Inc Stockholders Deficit [Member]	Noncontrolling Interest [Member]	Total
Beginning 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
Beginning 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			$ (339,873)		(339,873)		(339,873)
Repurchase of common stock, 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 7)		(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)
Issuance of common stock	$ 66	133,935			134,001		134,001
Issuance of common stock, shares	66,104
Stock-based compensation expense		50,990			50,990		50,990
Non-cash dividend (Note 7)		(4,540)			(4,540)		(4,540)
Net Income (Loss)				(19,288,803)	(19,288,803)	(2,173,258)	(21,462,061)
Ending balance, value at Jun. 30, 2022	$ 772,742	72,777,431	$ (3,054,185)	(80,590,620)	(10,094,632)	(2,219,821)	(12,314,453)
Ending Balance, shares at Jun. 30, 2022	772,742,352		(38,672,479)
Issuance of common stock
Issuance of common stock, shares	251
Stock-based compensation expense		9,680			9,680		9,680
Common stock issued for services	$ 45	(45)
Common stock issued for services, shares	45,196
Net Income (Loss)				(5,271,845)	(5,271,845)	(258,831)	(5,530,676)
Ending balance, value at Sep. 30, 2022	$ 772,787	72,787,066	$ (3,054,185)	(85,862,465)	(15,356,797)	(2,478,652)	(17,835,449)
Ending Balance, shares at Sep. 30, 2022	772,787,799		(38,672,479)
Beginning balance, value at Dec. 31, 2022	$ 772,938	72,831,056	$ (3,389,446)	(92,570,448)	(22,355,900)	(2,529,800)	(24,885,700)
Beginning Balance, shares at Dec. 31, 2022	772,938,415		(39,510,647)
Issuance of common stock	$ 12	33,988			34,000		34,000
Issuance of common stock, shares	12,445
Stock-based compensation expense		38,523			38,523		38,523
Repurchase of common stock			$ (2,412)		(2,412)		(2,412)
Repurchase of common stock, shares			(6,185)
Common stock issued for services	$ 40	(40)
Common stock issued for services, shares	38,837
Net Income (Loss)				(2,583,889)	(2,583,889)	62,012	(2,521,877)
Ending balance, value at Mar. 31, 2023	$ 772,990	72,903,527	$ (3,391,858)	(95,154,337)	(24,869,678)	(2,467,788)	(27,337,466)
Ending Balance, shares at Mar. 31, 2023	772,989,697		(39,516,832)
Issuance of common stock	$ 2	7,498			7,500		7,500
Issuance of common stock, shares	2,534
Stock-based compensation expense		36,639			36,639		36,639
Repurchase of common stock			$ (1,667)		(1,667)		(1,667)
Repurchase of common stock, shares			(5,210)
Common stock issued for services	$ 38	(38)
Common stock issued for services, shares	37,775
Net Income (Loss)				(3,468,646)	(3,468,646)	22,934	(3,445,712)
Ending balance, value at Jun. 30, 2023	$ 773,030	72,947,626	$ (3,393,525)	(98,622,983)	(28,295,852)	(2,444,854)	(30,740,706)
Ending Balance, shares at Jun. 30, 2023	773,030,006		(39,522,042)
Repurchase of common stock			$ (1,167)		(1,167)		(1,167)
Repurchase of common stock, shares			(3,430)
Common stock issued for services	$ 33	32,328			32,361		32,361
Common stock issued for services, shares	32,832
Net Income (Loss)				(4,952,843)	(4,952,843)	249,290	(4,703,553)
Ending balance, value at Sep. 30, 2023	$ 773,063	$ 72,979,954	$ (3,394,692)	$ (103,575,826)	$ (33,217,501)	$ (2,195,564)	$ (35,413,065)
Ending Balance, shares at Sep. 30, 2023	773,062,838		(39,525,472)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (10,671,142)	$ (27,368,188)
Adjustments to reconcile net loss to cash used in operating activities:
Stock-based compensation expense	107,523	126,784
Operating expenses paid with Unicoin rights (Note 7)	3,992,108	9,438,678
Operating expenses paid with digital assets (Note 5)	175,753
Non-cash consideration from customers of Unicorns, Inc.	(7,000)	(4,139,000)
Impairment of digital assets (Note 5)		682,968
Realized (gain) loss on disposal of digital assets	447	(43,420)
Depreciation and amortization expense	274,038	271,206
Non-cash operating lease expense (Notes 2 and 11)	118,570	104,700
Changes in operating assets and liabilities:
Trade receivables payable in cash (Note 2)	183,394	222,972
Prepaid expenses and other current assets (Note 2)	(357,782)	(895,816)
Accounts payable	(1,253,497)	(204,079)
Accrued expenses and payroll liabilities	505,074	2,764
Deferred revenue	(10,435)	(9,134)
Operating lease liability (Notes 2 and 11)	(115,385)	(104,700)
Other liabilities	(389,152)	(319,677)
Net cash used in operating activities	(7,447,486)	(22,233,942)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(48,759)
Proceeds from sale of digital assets	29,553	698,529
Net cash provided by investing activities	29,553	649,770
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of private placement unsecured notes	376,200	48,000
Payment of short-term debt	(593,000)	(556,000)
Proceeds from sales of Unicoin rights (Note 7)	13,993,928	20,961,910
Proceeds from sales of common stock	41,500	1,470,889
Repurchase of common stock	(5,246)	(339,873)
Proceeds from exercise of stock options and warrants		6,003
Repayment of related party loan payable (Note 13)	(351,000)
Net cash provided by financing activities	13,462,382	21,590,929
NET INCREASE IN CASH AND CASH EQUIVALENTS	6,044,449	6,757
CASH AND CASH EQUIVALENTS—Beginning of period	1,522,069	1,872,529
CASH AND CASH EQUIVALENTS—End of period	7,566,518	1,879,286
Supplemental Non-Cash Disclosures:
Market value of digital assets received as proceeds from sales of common stock (Notes 5 and 8)		22,980
Market value of digital assets received as proceeds from sales of Unicoin rights (Notes 5 and 7)	205,753	1,618,434
Receipt (i.e., “collection”) of private company equity securities (Note 4)	8,329,000	231,000
Recognition of operating lease right-of-use assets and operating lease liabilities upon adoption of ASC 842 (Note 2)		187,963
Recognition of new operating lease right-of-use assets and operating lease liabilities for leases entered into during the year (Note 2)		94,322
Non-cash dividend of Unicoin rights (730,503,862 rights) (Notes 8 and 9)		$ 73,050

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
ORGANIZATION AND OPERATIONS	NOTE 1 – ORGANIZATION AND OPERATIONS 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. (“Unicoin” or the “Company”). The name change was effective as of October 6, 2022. Description of Business Unicoin Inc. formerly known as TransparentBusiness, Inc. was incorporated in the state of Delaware on June 22, 2015. The Company’s SaaS (Software-as-a-Service) platform was developed in 2008 by KMGi Group, the predecessor to Unicoin as an internal tool for monitoring and managing computer-based work for the purpose of improving efficiency of both remote and on-site employees and eliminating overbilling of contractors. The TransparentBusiness platform has been in use since 2009, initially under the name TransparentBilling, Inc. serving KMGi Group’s internal operations. The Company markets its services throughout the United States of America. In addition to operating its original SaaS business, the Company wholly owns two TaaS (Talent-as-a-Service) companies and platforms, SheWorks! And Yandiki, and holds majority ownership interests in ITSQuest, Inc, (“ITSQuest”) a regional staffing agency, as well as Unicorns, Inc. (“Unicorns” or “Unicorn Hunters”) which produces reality television/streaming shows. In June 2023, the Company merged two of its wholly owned subsidiaries, SheWorks! and Yandiki, into one operating entity. The surviving post-merger entity operates under the name SheWorks!. SheWorks! is a talent exchange focused on connecting women seeking freelance or employment opportunities with companies looking for freelancers or employees to fill their needs. In November 2020 the Company acquired a 51% In April 2021, the Company acquired a 66.67% 50,000,001 26.67% Going Concern These 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 ($10,671) (10,671,142) (27,368,188) 7,447 22,234 103,576 92,570 The Company is evaluating strategies to obtain the required additional funding for future operations. These strategies may include, but are not limited to, issuing Unicoin rights, 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 condensed 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	9 Months Ended
	Sep. 30, 2023
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 Unicoin Inc., its wholly owned subsidiary, SheWorks!, as well as ITSQuest and Unicorns. These entities are consolidated in accordance with Accounting Standards Codification (“ASC”) 810, Consolidations . 51% 66.67% 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, 2022 and 2021. The unaudited condensed consolidated balance sheet as of December 31, 2022, included herein, was derived from the audited consolidated balance sheet of the Company as of that date. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions in the condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions made by us include: the valuation of Unicoin rights and the related embedded feature, valuation of non-cash contract consideration received from certain investors in Unicoin rights, the valuation of non-cash consideration received from Unicorns customers and the associated revenue recognition; valuation of investments in private companies; valuation of the 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. We base our estimates on historical experience and on various other assumptions that are believed 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. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents and accounts receivable. The Company’s cash and cash equivalents are held in accounts with major financial institutions, and, at times, exceed federally insured limits. As of September 30, 2023 and December 31, 2022, respectively, the Company had $ 7,039 700 In addition, as discussed in Note 4, as of December 31, 2022 the Company had non-cash receivables consisting of options and warrants to purchase common stock in small privately-held companies. The options and warrants underlying these non-cash receivables are subject to significant fluctuations in market values. As of September 30, 2023 all related option and warrant certificates have been received and these accounts receivable have been reclassified to investments in privately-held companies in the Company’s consolidated balance sheets. As discussed in Note 5, the Company has accepted digital assets as consideration from certain investors in exchange for equity, debt or Unicoin rights issued by the Company. Digital asset market values are subject to significant fluctuations based on supply and demand for such digital assets and other factors. The Company can either hold, sell, or use digital assets as payment to vendors. Digital asset price risk could adversely affect future operating results including earnings, cash flows and the Company’s ability to meet its ongoing obligations. During the three months ended September 30, 2023, the Company had one customer for which revenue accounted for 20% 14% 14% 4% 14% 10% 14% 19% 21% 10% 40% 4% The Share Exchange Agreement (“SEA”) that the Company entered into in order to acquire a majority stake in ITSQuest, as amended on December 28, 2022, contains a contingent divestiture provision whereby if by December 31, 2024, the Company does not either (i) engage in an initial public offering of its securities at a price of at least $10.00 per share or (ii) cause the Company’s proposed security tokens (Unicoins) to become tokenized and listed on a cryptocurrency exchange with a quoted price at or above $1.00 per token, then the Company 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 the Company received pursuant to the SEA. As of the filing date of this Quarterly Report on Form 10-Q, the Company cannot yet assess the likelihood or probability of achieving either of the two trigger events necessary to avoid divestiture of ITSQuest. However, if the Company is not able to achieve an initial offering of its Common Stock or an initial registration of its Unicoins, sufficient to meet the criteria outlined in the Amended SEA on or before December 31, 2024, the Company’s business, financial condition, results of operations and liquidity will be materially impacted. ITSQuest represents Company assets of $ 10,277 12,292 2,370 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. Accounting Pronouncements Recently Adopted Financial Instruments – Credit Losses The Company adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses Measurement of Credit losses on financial instruments Under ASC 326, Accounts receivable are recorded at the invoiced amount, net of allowance for expected credit losses. The Company’s primary allowance for credit losses is the allowance for doubtful accounts. The allowance for doubtful accounts reduces the Accounts receivable balance to the estimated net realizable value. The Company regularly reviews the adequacy of the allowance for credit losses based on a combination of factors. In establishing any required allowance, management considers historical losses adjusted for current market conditions, the Company’s customers’ financial condition, the amount of any receivables in dispute, the current receivables aging, current payment terms and expectations of forward-looking loss estimates. All provisions for the allowance for doubtful accounts are included as a component of general and administrative expenses on the accompanying consolidated statements of operations and comprehensive loss. Accounts receivable deemed uncollectible are charged against the allowance for credit losses when identified. Subsequent recoveries of amounts previously written off are credited to earnings in the period recovered. The allowance for doubtful accounts related to Unicorns non-cash receivables is subject to uncertainty because the fair value of the underlying private company options, warrants or shares could change subsequent to the initial determination of fair value and before receipt of the related option, warrant or share certificates. In addition, unforeseen circumstances could arise after contract inception which could impact the customer’s intent or ability to pay. Because the value of any one of the receivables associated with Unicorn’s contracts may be material, changes such as these could have a material effect on the Company’s future financial condition, results of operations and cash flows. To date, the Company has recognized revenue in connection with six Unicorn Hunters agreements. The total revenue amount related to these agreements was $ 8,620 0 8,322 0% 77% 0% 33% The Company reviews each outstanding customer’s non-cash receivable balance with management of the private company customer, and records an allowance for doubtful accounts if either of the following are noted: a. A specific milestone, equity financing or other event has occurred that is a clear indication that there has been a material change in the enterprise value of the private company customer since the original recording of the Unicorns accounts receivable balance and before the Company has received the underlying stock option, warrants or shares certificates. The Company’s review identifies facts and circumstances that have substantially changed either the private company customers’ intent or its ability to issue the stock option, warrants or shares certificates due in satisfaction of their related accounts receivable balance. To date, the Company has not recorded any bad debt expense or allowance for doubtful accounts related to Unicorn Hunters non-cash receivables and the Company has not experienced any fluctuations or significant matters that would require recording a material allowance for doubtful accounts in any period to date. As of September 30, 2023 and December 31, 2022, the Company had an allowance for doubtful accounts balance of $ 2 0 61 1 26 0 Leases As discussed in the Company’s consolidated financial statements and accompanying notes for the years ended December 31, 2022 and 2021, the Company adopted ASU 2016-02, Leases The adoption of ASC 842 resulted in the recognition of $ 188 188 Adjustments to Previously Reported Financial Information Adoption of ASC 842 As noted above, the adoption of ASC 842 was effective January 1, 2022, which resulted in recognition of operating lease ROU assets and operating lease liabilities on the condensed consolidated balance sheet that were not reflected in the financial statements included with the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2022. The following table summarizes the ASC 842 related adjustments made to the Company’s previously reported financial information for the comparative financial statements included herein: Schedule of reclassification of operating costs and expenses As of and for the As Adjustment for As Changes to the Consolidated Balance Sheet (not included herein) Operating lease right of use assets $ - $ 177,586 $ 177,586 Total assets 25,600,494 177,586 25,778,080 Operating lease liabilities, current portion - 109,733 109,733 Current liabilities 10,640,666 109,733 10,750,399 Operating lease liabilities, non-current - 67,853 67,853 Total liabilities 43,435,943 177,586 43,613,529 Total stockholders’ equity (17,835,449 ) - (17,835,449 ) Total liabilities and stockholders’ equity 25,600,494 177,586 25,778,080 Changes to the Consolidated Statement of Cash Flows Non-cash operating lease expense - 104,700 104,700 Operating lease liability change - (104,700 ) (104,700 ) Net cash used in operating activities (22,233,942 ) - (22,233,942 ) Unbilled Receivables In addition, in connection with the Company’s implementation of new ERP system in March 2023, the chart of accounts for ITSQuest was updated to be more consistent with that of other Company subsidiaries. As a result, ITSQuest unbilled receivables, which had previously been reported as other current assets were reclassified and reported as trade receivables payable in cash in the consolidated balance sheets. Previously reported amounts were adjusted to conform with current presentation as shown in the table below. Schedule of reclassification of assets and liabilities As Adjustment As Changes to the Consolidated Balance Sheet as of December 31, 2022 Trade receivables payable in cash $ 2,179,586 $ 239,187 $ 2,418,773 Prepaid expenses and other current assets 750,977 (239,187 ) 511,790 Changes to the Consolidated Balance Sheet as of September 30, 2022 (not included herein) Trade receivables payable in cash 1,712,102 286,565 1,998,667 Prepaid expenses and other current assets 1,397,014 (286,565 ) 1,110,449 Changes to the Consolidated Statement of Cash Flows for the Nine Months Ended September 30, 2022 Changes in operating assets and liabilities: Trade receivables payable in cash 509,537 (286,565 ) 222,972 Prepaid expenses and other current assets (1,182,381 ) 286,565 (895,816 ) Significant Accounting Policies During the nine-month period ended September 30, 2023, there have been no material changes to the Company’s significant accounting policies disclosed in its audited condensed consolidated financial statements for the years ended December 31, 2022 and 2021. 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 16 – Segment Information for disaggregated revenue information. Deferred revenue The Company had deferred revenue of $ 9 19 18 154 1 40

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	NOTE 3 – FAIR VALUE MEASUREMENT The Company measures the fair value for financial instruments under 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 Company has revised its Intangible Assets and Financial Assets accounting policies to acknowledge that USD Coin (“USDC”) meets the definition of financial assets and as such will be measured going forward at fair value. The Company previously reported USDC within Intangible assets, net, and will report USDC within the prepaid expenses and other current assets line item going forward. The Company had a balance of $30 thousand USDC as of September 30, 2023 and December 31, 2022. Management assessed the balance of USDC in historical periods, noting the previously reported amounts were immaterial. The following table is a summary of financial assets 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 September 30, 2023 Carrying Level 1 Level 2 Level 3 Total ASSETS Money market funds $ 4,432,252 $ 4,432,252 $ - $ - $ 4,432,252 USD Coin (“USDC”) 29,553 29,553 - - 29,553 As of December 31, 2022 Carrying Level 1 Level 2 Level 3 Total ASSETS Money market funds $ 166,343 $ 166,343 $ - $ - $ 166,343 Assets Measured at Fair Value on a Non-Recurring Basis As discussed in Notes 2 and 5, consideration from Unicorns customers generally consists of commitments to issue stock options or warrants from customers which 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 in Note 5. 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.

INVESTMENTS IN PRIVATELY-HELD C

INVESTMENTS IN PRIVATELY-HELD COMPANIES	9 Months Ended
	Sep. 30, 2023
Investments In Privately-held Companies
INVESTMENTS IN PRIVATELY-HELD COMPANIES	NOTE 4 – INVESTMENTS IN PRIVATELY-HELD COMPANIES As discussed in Note 2, revenue and accounts receivable for Unicorns generally consist 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 a term 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. Subsequent to issuance of the option or warrant certificates to the Company, the related receivables are reclassified to investments in privately-held companies, a long-term asset account representing investments in private company equity securities or rights to acquire private company equity securities. The Company’s non-cash receivables and the underlying investments in privately-held companies do not have readily determinable fair values. Their initial cost (i.e., estimated fair value at or near contract inception) is subsequently adjusted to fair value on a nonrecurring basis based on observable price changes from orderly transactions of identical or similar securities of the same issuer or upon impairment. These investments are classified within Level 3 of the fair value hierarchy as we estimate the value based on valuation methods using the observable transaction price at the transaction date and other significant unobservable inputs, such as volatility, rights and obligations related to these securities. These valuations require management judgment due to the absence of an observable market price and lack of liquidity. As shown in the table below, no impairments or upward adjustments to estimated fair values have been recorded to-date because there have been no observable price changes related to the Company’s investments in privately held companies or non-cash receivables representing promises to issue such securities. The following tables summarize the Company’s non-cash receivables and investments in privately held companies as of September 30, 2023 and December 31, 2022, respectively: Schedule of non-cash receivables and investments in privately held companies September 30, December 31, Non-cash receivables $ - $ 8,322,000 Investments in privately-held companies 8,627,000 298,000 Carrying value of non-cash consideration $ 8,627,000 $ 8,620,000 September 30, December 31, Cost of investments in privately-held companies $ 8,627,000 $ 298,000 Cumulative impairments - - Cumulative upward adjustments - - Carrying value of investments in privately-held companies $ 8,627,000 $ 298,000 During the nine months ended September 30, 2023, the Company received warrant certificates from five Unicorn Hunters customers with an aggregate carrying value, and estimated fair value, of $ 8,322 7 298

DIGITAL ASSETS

DIGITAL ASSETS	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
DIGITAL ASSETS	NOTE 5 – DIGITAL ASSETS As more fully discussed in the Company’s financial statements for the years ended December 31, 2022 and 2021, 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 prices determined. The Company has revised its impairment loss assessment methodology for digital assets to record write-downs to the lowest market price of one unit of digital asset quoted on the active exchange since acquiring the digital asset. This revision would be consistent with the requirements of ASC 350-30-35-19, which indicates impairment exists whenever carrying value exceeds fair value. It also indicates that after an impairment loss is recognized, the adjusted carrying amount of the intangible asset shall be its new accounting basis. Management assessed the potential difference in impairment loss that would have resulted in prior periods if this impairment methodology had been applied retroactively, noting the amounts were immaterial. During the three and nine months ended September 30, 2023, the Company received $ 57 206 44 175 During the three months ended September 30, 2022, the Company received $ 219 66 23 1,618 0 656 699 43 541 The digital assets received as consideration included Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Tether (USDT). As shown in the table below, these digital assets were transferred to the Company as consideration for sale of Unicoin rights. Unicoin rights are more fully discussed in Note 7. The table below summarizes the Company’s digital asset activity for the three months ended as of September 30, 2023 and 2022: Schedule of digital assets activity Bitcoin Bitcoin Cash Ethereum Litecoin Dai Tether Three Months Ended (BTC) (BCH) (ETH) (LTC) (DAI) (USDT) 2023 2022 Beginning balance $ 1,797 $ 807 $ 2,249 $ 4,714 $ - $ 9,213 $ 18,780 $ 1,043,310 Received as consideration in sales of Unicoin rights 74,130 (807 ) 2,807 (748 ) - (18,830 ) 56,552 218,904 Vendor Payments (45,614 ) - (5,056 ) (3,933 ) - 10,150 (44,453 ) - Fees and Other (313 ) - - (33 ) - (533 ) (879 ) - Net proceeds from disposal of digital assets (29,553 ) - - - - - (29,553 ) (698,529 ) Realized gain on disposal of digital assets (447 ) - - - - - (447 ) 43,420 Impairments - - - - - - - (65,795 ) Ending balance $ - $ - $ - $ - $ - $ - $ - $ 541,310 The table below summarizes the Company’s digital asset activity for the nine months ended as of September 30, 2023 and 2022: Bitcoin Bitcoin Cash Ethereum Litecoin Dai Tether Nine Months Ended (BTC) (BCH) (ETH) (LTC) (DAI) (USDT) 2023 2022 Beginning balance $ - $ - $ - $ - $ - $ - $ - $ 237,973 Received as consideration in sales of common stock - - - - - - - 22,980 Received as consideration in sales of Unicoin rights 97,858 - 21,040 3,966 - 82,889 205,753 1,618,434 Vendor Payments (67,371 ) (17,556 ) (3,933 ) - (85,836 ) (174,696 ) - Fees and Other (487 ) - (3,484 ) (33 ) - 2,947 (1,057 ) - Net proceeds from disposal of digital assets (29,553 ) - - - - - (29,553 ) (698,529 ) Realized gain on disposal of digital assets (447 ) - - - - - (447 ) 43,420 Impairments - - - - - - (682,968 ) Ending balance $ - $ - $ - $ - $ - $ - $ - $ 541,310 As discussed in the Company’s financial statements for the years ended December 31, 2022 and 2021, during the second half of the year ended December 31, 2022 the Company identified an $ 851 851

DEBT

DEBT	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
DEBT	NOTE 6 – DEBT The Company’s short-term debt as of September 30, 2023 and December 31, 2022 totaled $ 491 708 20% 376 48 177 0 107 42 25 42 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. No significant third-party financing costs were incurred because the Company managed issuance of the Unsecured Notes internally, without use of an underwriter or trustee. Based on their short duration, the fair value of the Unsecured Notes as of September 30, 2023 and December 31, 2022 approximates the carrying amounts. Substantially all of the Unsecured Notes are due and payable during the year ending December 31, 2023 to the extent holders do not elect to extend one additional year.

UNICOIN RIGHTS FINANCING OBLIGA

UNICOIN RIGHTS FINANCING OBLIGATION	9 Months Ended
	Sep. 30, 2023
Unicoin Rights Financing Obligation
UNICOIN RIGHTS FINANCING OBLIGATION	NOTE 7 – UNICOIN RIGHTS FINANCING OBLIGATION The Company is developing a security token called Unicoin (“Unicoins” or “Tokens”) whose value is intended to be supported by the returns generated by equity positions purchased from Unicorn Hunters show participants, as well as the returns from equity positions acquired from 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 realized gains are to be distributed to holders of the Unicoins. The holders of Unicoins will only realize a gain in the event of a liquidity event of such equity positions. Unicoin rights do not represent an equity interest in the Company or any other entity, there are no voting rights granted to the holder of Unicoin rights, the Unicoin rights Certificate currently does not trade on any stock exchange or cryptocurrency exchange platform, and that Unicoins might never be developed or launched and that this investment could result in total loss of invested funds. The Company is offering Unicoin Right Certificates (“Unicoin rights” or “Rights”) with terms and conditions which are set forth in a confidential private placement memorandum initially dated February 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. To date, the Company has issued 3,087,121,714 Unicoin rights, of which 24,617,195 were given away for no consideration. There are currently 77,036 total holders of Unicoin rights listed in the Company’s registry (not accounting for duplication for individuals who invested more than once), including the holders of free coins, and 4,845 purchasers worldwide. Of these, 1,412 (1.83% of total holders and 29.14% of purchasers) are accredited and 3,433 (4.46% of holders) are not accredited or were not verified. Of the 4,845 purchasers, 3,433 were not accredited or not verified (70.86%). Note that non-accredited holders or those not verified are either non-US Persons who purchased pursuant to Regulation S, or were given Unicoin rights for free, and thus were not sold Unicoin rights. During the three months ended September 30, 2023 and 2022, the Company issued rights to acquire 81 million 72 million Unicoins 1.7 billion 2.7 billion To date, the Company has begun exploring possible service providers and exchanges which can assist with the tokenization of Unicoins and eventual launch but has not yet begun actual technological development or coding of the tokens. The Company reasonably expects that technical development can happen in a relatively short time, assuming regulatory readiness for launch, and hopes to complete this process by the end of the 2023 calendar year or in the first quarter of 2024. Neither the Unicoin rights nor the tokenized Unicoins will grant any intellectual property rights to holders. As of September 30, 2023 and through the filing date of this Quarterly Report on Form 10-Q, the Company has not developed or issued any Unicoins and there is no assurance as to whether, or at what amount, or on what terms, Unicoins will be available to be issued, if ever. As of September 30, 2023 and December 31, 2022 the outstanding financing obligation related to Unicoin rights was $ 55,327 37,462 The fair value measurement of the Unicoin rights financing obligation was based on significant inputs not observable in the market and represent Level 3 measurements within the fair value measurement hierarchy. Level 3 fair market values were determined using a variety of information, including estimated future cash flows. The following table summarizes the components of the Unicoin rights financing obligation recorded on the Company’s condensed consolidated balance sheet as of September 30, 2023 and December 31, 2022: Schedule of components of the unicoin rights financing obligation Outstanding Unicoin Rights and Nature / Category of September 30, December 31, Unicoin Right Holder Form of Consideration Units Amount Units Amount Sales to Investors Cash and Digital Assets 1,752,500,008 $ 35,229,016 1,532,851,167 $ 23,454,700 Unicoin Inc. Shareholders Non-Cash Dividends 730,522,705 73,052 730,524,705 73,052 Employee, Contractors, Directors Discretionary Compensation 343,740,612 34,375 330,052,274 361,119 Service Providers, Influencers and Employees Services and Employee Labor 213,351,300 15,376,947 197,505,326 11,058,094 Subtotal 3,040,114,625 $ 50,713,390 2,790,933,472 $ 34,946,965 ITSQuest Contingent Divestiture Amendment Contract Amendment 20,000,000 1,780,000 20,000,000 1,780,000 Five-Year Deferred Payment Plan Cash 3,072,974,052 1,040,403 1,630,136,422 297,882 Ten-Year Prepaid Plan Cash 8,175,047 1,793,695 2,131,667 437,000 Total 6,141,263,724 $ 55,327,488 4,443,201,561 $ 37,461,847 Sales to Investors As of September 30, 2023 and December 31, 2022, the Unicoin rights financing obligation associated with sales to Investors amounted to $ 35,229 23,455 Dividend Issued to Shareholders The Company declared and issued a non-cash dividend of Unicoin rights, on a pro-rata basis, to all shareholders of record as of the dividend declaration date of February 10, 2022. This non-cash dividend was the initial issuance of Unicoin rights, prior to finalizing any plan to market and sell Unicoin rights in connection with any of the Company’s financing rounds, and at the time of the pro-rata distribution, management and the Board had not yet ascribed a value to such rights. As a result, the Company has ascribed a de minimis value to all Unicoin rights issued to shareholders on February 10, 2022. As of September 30, 2023 and December 31, 2022, the Unicoin rights financing obligation associated non-cash dividend of Unicoin rights amounted to $ 73 Discretionary Payments to Employees, Contractors and Directors The Company has issued Unicoin rights to certain employees, Board members and external contractors/consultants as discretionary awards. These Unicoin rights were issued on a discretionary basis and do not indicate that employees, Board members or contractors/consultants are being rewarded with a specific value attributable to past or future services rendered by such individuals. The Unicoin rights were also not issued as a replacement for, or in lieu of, cash or equity awards due under any type of pre-determined bonus or other incentive plan that quantifies a value that the holders are entitled to as a result of their services or performance. The Company believes that, because of the nature of these discretionary awards (i.e., nothing of specific value was exchanged to the Company in return), together with the legal disclaimer of any obligation to launch the Unicoin within the terms of the Unicoin rights agreement, on a per Unicoin Right basis, the amount that holders would be entitled to if the Unicoin is not ultimately launched is de minimis in relation to the actual fair value per Unicoin Right. As of September 30, 2023 and December 31, 2022, the Unicoin rights financing obligation associated with discretionary payments to employees, contractors and directors amounted to $ 34 361 Issued to Service Providers, Influencers and Employees The Company has issued Unicoin rights in exchange for services from advertising agencies, marketing firms and other vendors. Also, the Company has issued Unicoin rights as part of the compensation package negotiated with certain employees. The related contracts for these third-party providers and employees specify the value provided, as negotiated by these parties, and the number of Unicoin rights accepted as compensation for the dollar value of those services. Similar to investors, service providers exchanged a specified, negotiated value relating to services provided to the Company in exchange for Unicoin rights and have the right to receive either 1) the negotiated number of Unicoins upon development or launch, or 2) payment of cash equivalent to the value of services provided. In addition, from time to time the Company engages Influencers to promote Unicoins and/or the Unicorn Hunters show in exchange for Unicoin rights. The form of Influencer engagement may include promoting Unicoin in a social media post, making brief reference in a speech, posting about Unicoin on a website or any other media form. These contracts do not specify the value of services rendered by Influencer nor the specific format of engagement required. Because an “engagement” can represent something as simple as brief mention in a speaking engagement, or posting on a social media account, etc. management determined there is very little effort involved by the Influencer in order to perform services in a manner consistent with the contractual terms. As of September 30, 2023 and December 31, 2022, the Unicoin rights financing obligation associated with Unicoin rights issued to service providers, influencers and employees amounted to $ 15,377 11,058 Five-Year Deferred Payment Plan In August 2022 the Company began offering a five-year deferred payment plan (the “deferred payment plan”) to investors in its ongoing Unicoin rights offering. The deferred payment plan permits investors to purchase Unicoin rights immediately and pay for such Unicoin rights in five equal annual installments, with the first installment due one year after the date of purchase. Purchases through the deferred payment plan requires that investors provide collateral to the Company having a value of up to 20% of the total purchase price of the purchased Unicoin rights. Collateral can be in the form of Company common stock owned by the investor, Unicoin rights already owned by the investor, cash, digital assets or other assets with a demonstrable value, at 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. Because there is a limited history of collections under the deferred payment plan, there are no contracts that have reached default status as of September 30, 2023 and because there is uncertainty regarding payment in the event that Unicoins have not been developed and launched by the time the first annual installments become due, the Company has not recorded a receivable and a corresponding Unicoin rights financing obligation for uncollected amounts. As of September 30, 2023 and December 31, 2022, the Company has recognized an asset and a corresponding Unicoin rights financing obligation of $ 1,040 298 As of September 30, 2023 and December 31, 2022, investors had signed contracts for the purchase of 3.1 billion and 1.6 billion Unicoin rights, respectively, under the five-year deferred payment plan that may lead to proceeds of up to $470,998 thousand and $170,418 thousand, respectively, through the five-year period if the Unicoin is successfully developed and launched and the Company’s deferred payment installment sales are fully executed. Upon receiving the annual payments over the five-year term or upon having sufficient history and other positive information regarding collectability to record accounts or notes receivable for remaining amounts due under the deferred sale arrangements, the Company expects to record cash or notes receivable and a corresponding financing obligation, as it would through Sales to Investors as discussed above, until the point in time that the investment contracts are settled through issuance of Unicoins. The following table summarizes the pledged collateral pursuant to the five-year deferred payment plan as of September 30, 2023 and December 31, 2022: Schedule of pledged collateral Estimated Fair Value of Form of Collateral Received September 30, December 31, Cash $ 1,040,403 $ 297,882 Digital Assets 131,841 94,102 Non-Unicoin Inc. Stock 1,771,180 - Unicoin Inc. Common Stock 4,633,210 1,931,116 Unicoin rights 19,631,505 8,175,000 Real Estate 12,719,514 2,300,000 Total $ 39,927,653 $ 12,798,100 The fair value of the collateral received by Company is determined as follows: ○ Cash – Based on the value of cash received. ○ Digital Assets – Fair value is determined based on quoted prices on the active exchanges as of the balance sheet date for the reporting period. ○ Non-Unicoin Inc. Stock – Fair value is determined based on quoted prices on the active exchanges as of the balance sheet date for the reporting period. ○ Unicoin Inc. Common Stock – Based on fair value of common stock, as of the balance sheet date for the reporting period, determined with the assistance of a third-party valuation firm. ○ Unicoin rights – Based on fair value of Unicoin rights, as of the balance sheet date for the reporting period, determined with the assistance of a third-party valuation firm. ○ Real Estate – Based on third-party appraisal as of or near the balance sheet date for the reporting period. Ten-Year Prepaid Plan In November 2022 the Company began offering a ten-year prepaid plan (the “prepaid plan”) to investors in its ongoing Unicoin rights offering. Under the prepaid plan, the investor remits a cash or digital asset deposit (the “principal”) for a period of up to ten years. After the first year (the “maturity date”), the investor can either withdraw the principal or apply it towards the purchase of Unicoins at 20 cents per unit. As of September 30, 2023 and December 31, 2022, cumulative cash receipts of $ 1,793 437 ITSQuest Contingent Divestiture Amendment In December 2022, the Company issued 20 million Unicoin rights to the previous owners of ITSQuest as part of the consideration given in exchange for amending ITSQuest’s contingent divestiture provision. A total of $ 1,780 Unicoin Rights Issued to Related Parties The following table summarizes Unicoin rights issued to related parties as of September 30, 2023 and December 31, 2022: Schedule of unicoin rights issued to related parties Outstanding Unicoin Rights and September 30, December 31, Nature / Category Relationship Units Amount Units Amount Sales to Investors Officers and Directors 3,000,000 $ 30,000 3,000,000 $ 30,000 Unicoin Inc. Shareholders (Dividends) Officers and Directors 542,425,284 54,243 542,014,208 54,201 Discretionary Awards Officers, Directors & their Families 89,329,000 8,933 83,514,999 453,705 Consideration for Services Officers, Directors & their Families 34,948,251 3,180,914 28,747,043 852,514 ITSQuest Contingent Divestiture Amendment Former Owners of ITSQuest 20,000,000 1,780,000 20,000,000 1,780,000 Five-Year Deferred Payment Plan Officers, Directors & their Families 251,666,500 - - - Total 941,369,035 $ 5,054,090 677,276,250 $ 3,170,420 Other Matters As of September 30, 2023 and December 31, 2022, the Company held $ 577 192 On May 5, 2023, the Company entered into an Asset Swap Agreement with an investor in Thailand, the Company agreed to provide 12.8 million Unicoin rights in exchange for real estate assets located in Thailand, currently owned by the noted investor. On August 7, 2023, the Company entered into an Asset Swap Agreement with Electroquimica Del Neuquen S.A., a mining company in Argentina (the “Argentinian counterpart”), the Company agreed to provide 420 million Unicoin rights in exchange for real estate assets owned by the Argentinian counterpart. Also, on August 31, 2023, the Company entered into an Asset Swap Agreement with Mohammad Al Saeed Adnan, a real estate developer and resident of Thailand, wherein the Company agreed to provide a total of 671,206,755 Unicoin rights (payable in milestones based on development progress) in exchange for real estate assets owned by the Mr. Adnan.

COMMON STOCK

COMMON STOCK	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
COMMON STOCK	NOTE 8 – COMMON STOCK The Company is authorized to issue 1,000,000,000 773,062,838 772,938,415 733,537,366 733,427,768 Issuance of Common Stock For the three months ended September 30, 2023 and 2022, the Company raised $ 0 0 For the nine months ended September 30, 2023 and 2022, the Company raised $ 42 1,494 Schedule of issuance of common stock Nine Months Ended September 30, 2023 Common Stock Issuances by Round Shares Weighted Proceeds Round 4a and 4b 8,000 2.06 $ 16,500 Round 5* 6,979 3.58 25,000 Total stock issued 14,979 $ 41,500 * In the nine months ended September 30, 2023, the Company issued 34 shares as part of Round 5 to correct a previously issued stock certificate. No additional proceeds were collected as part of the correction. Nine Months Ended September 30, 2022 Common Stock Issuances by Round Shares Weighted Proceeds Round 3b 2 $ 0.50 $ 1 Round 3c 1 - - Round 4a 90,000 2.00 180,000 Round 4b 24,001 3.00 72,000 Round 5 343,561 3.61 1,241,868 Total stock issues 457,565 $ 1,493,869 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 to and committed, management evaluated capital needs and determined the price for the following round. Repurchases of Common Stock For the three months ended September 30, 2023 and 2022, the Company repurchased 3,430 0 1 0 14,825 3,398,730 5 340 Shares of common stock reserved for future issuance were as follows: Schedule of common stock reserved September 30, December 31, Stock options outstanding (Note 9) 55,535,881 55,535,881 Warrants for common stock (Note 10) 10,310,000 10,310,000 Restricted stock units (Note 9) 254,446 369,571 Dividend of Unicoin rights As discussed in Note 7, in connection with a February 10, 2022 board consent, the Company declared a non-cash dividend of one Unicoin Right per each common share of record held on February 10, 2022. Approximately 731 million Unicoin rights were issued as non-cash dividends aggregating to $73 thousand, or $0.0001 per share and was recorded as a reduction of additional paid-in-capital and an increase to the Unicoin rights liability in the Company’s condensed consolidated balance sheet

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
STOCK-BASED COMPENSATION	NOTE 9 – STOCK-BASED COMPENSATION Stock Options 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. 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 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 2.00 The Company recorded $ 0 12 The following is a summary of stock option activity for the nine months ended September 30, 2023: Schedule of assumptions used Number of Weighted Weighted Aggregate Beginning balance January 1, 2023 55,535,881 $ 0.031 6.61 $ 20,271,659 Granted - Exercised - Cancelled - Ending balance September 30, 2023 55,535,881 $ 0.031 5.86 $ 18,068,550 Vested and exercisable as of September 30, 2023 55,835,881 $ 0.031 5.86 $ 18,068,550 The assumptions used to determine stock-based compensation expense for the nine months ended September 30, 2023 and 2022 were as follows: Schedule of stock option activity Nine Months Ended September 30, 2023 2022 Fair value of common stock $ 0.35 $ 0.40 0.94 Expected term (in years) 10 10 Volatility 60.00 % 58.00% 60.00 % Risk-free rate 5.25 % 2.30% 4.20 % Dividend yield - - Restricted Stock Units 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. No liability-classified RSU’s existed subsequent to December 31, 2022. The following is a summary of RSU activity for the nine months ended September 30, 2023: Schedule of liability and restricted stock units Number of Beginning balance - January 1, 2023 369,571 Granted - Vested (109,444 ) Forfeited (5,681 ) Ending balance - September 30, 2023 254,446 The Company recorded $ 32 9 108 115 During the three and nine months ended September 30, 2023 and 2022 substantially all stock-based compensation expense was classified as general and administrative expense.

WARRANTS

WARRANTS	9 Months Ended
	Sep. 30, 2023
Warrants
WARRANTS	NOTE 10 – 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 to $1.00 per share with a term of 10 years from the closing date of each offer. These were considered to be share issuance costs and were recognized in Additional Paid in Capital. 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 September 30, 2023 and December 31, 2022 all warrants were classified as equity with a weighted average grant date fair value of $ 0.02 The table below summarizes warrant activity for the three months and nine months ended September 30, 2023: Schedule of common stock warrants Number of Beginning balance as of January 1, 2023 10,310,000 Granted - Exercised - Forfeited - Ending balance as of September 30, 2023 10,310,000

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
LEASES	NOTE 11 – LEASES As discussed in Note 2, the Company adopted ASC 842 effective January 1, 2022 and applied a modified retrospective transition approach. The Company leases its office facilities under operating lease arrangements with varying expiration dates through 2025. Operating lease ROU assets and operating lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease term. ROU assets also include adjustments related to prepaid or deferred lease payments. As the Company’s leases do not provide an implicit rate, it uses the incremental borrowing rate based on the information available at lease commencement date in determining the present value of lease payments. Options to extend a lease are included in the lease term when it is reasonably certain that the Company will exercise such options. As of September 30, 2023, the remaining lease term of the Company’s operating leases ranges from less than one year to three years. As of September 30, 2023 and December 31, 2022, total operating lease ROU assets were $ 231 350 234,046 350 137 150 97 200 As of September 30, 2023 and December 31, 2022, the Company’s operating leases had a weighted-average remaining lease term of 1.3 1.9 10% The Company recorded aggregate operating lease expense of $ 266 223 80 83 For the nine months ended September 30, 2023 and 2022, the Company recorded operating lease expense of $ 141 105 46 36 125 119 34 55 As of September 30, 2023, future maturities of operating lease liabilities were as follows: Schedule of maturities of operating lease liabilities Amount 2023 (October 1 through December 31) $ 39,961 2024 142,953 2025 73,696 Future operating lease payments 256,610 Imputed interest (22,564 ) Total operating lease liabilities 234,046 Current portion 136,777 Operating lease liabilities, noncurrent $ 97,269

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12 – 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 condensed consolidated business, financial condition, operation results or cash flows. 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 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	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 13 – RELATED PARTY TRANSACTIONS Unicoin Rights Issued to Related Parties As discussed in Note 7, a Financing Obligation of $ 5,054 3,170 Loan from Chief Executive Officer During the second half of the year ended December 31, 2022, Alex Konanykhin, CEO and a director of the Company made interest-free advances totaling $ 645 101 351 294 645

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 14 – INCOME TAXES The Company recorded income tax benefit (expense) of ($43) ($56) 0.93% 1.02% ($151) ($171) 1.44% 0.63% no

NET LOSS PER SHARE

NET LOSS PER SHARE	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NOTE 15 – NET LOSS PER SHARE Net loss per common share is calculated in accordance with ASC Topic 260, Earnings Per Share Calculation of net loss per share is as follows for the three months and nine months ended September 30, 2023 and 2022 respectively: Schedule of earning per shares basis and diluted Three Months Ended Nine Months Ended Basic and Diluted: 2023 2022 2023 2022 Numerator: Net loss attributable to Unicoin Inc. per consolidated statements of operations $ (4,952,843 ) $ (5,271,845 ) $ (11,005,378 ) $ (25,915,873 ) Denominator: Weighted average common shares outstanding used to compute basic and diluted loss per share 733,517,657 734,084,942 733,475,323 733,708,322 Net loss per common share attributable to Unicoin Inc., basic and diluted $ (0.01 ) $ (0.01 ) $ (0.02 ) $ (0.04 ) 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 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Stock options outstanding (Note 9) 55,535,881 55,535,881 55,535,881 55,535,881 Warrants for common stock (Note 10) 10,310,000 10,310,000 10,310,000 10,310,000 Restricted stock units (Note 9) 254,446 590,400 254,446 590,400

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 16 – 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. 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”). The following tables you set forth certain reportable segment information relating to where the Company derived its revenue for the three months ended September 30, 2023, and 2022: Schedule of revenue from segments Three Months Ended September 30, 2023 2022 United Foreign Consolidated United Foreign Consolidated Staffing revenues $ 5,510,920 $ 119,376 $ 5,630,296 $ 4,612,745 $ 364,757 $ 4,977,502 Subscription revenues 208 1,324 1,532 714 3,317 4,031 Unicorn Hunters 87 - 87 - 14,000 14,000 Total revenues $ 5,511,215 $ 120,700 $ 5,631,915 $ 4,613,459 $ 382,074 $ 4,995,533 The following tables you set forth certain reportable segment information relating to where the Company derived its revenue for the nine months ended September 30, 2023, and 2022: Nine Months Ended September 30, 2023 2022 United Foreign Consolidated United Foreign Consolidated Staffing revenues $ 14,056,955 $ 346,739 $ 14,403,694 $ 13,436,879 $ 982,543 $ 14,419,422 Subscription revenues 1,141 7,265 8,406 1,562 14,333 15,895 Unicorn Hunters 2,764 1,511 4,275 - 4,153,000 4,153,000 Total revenues $ 14,060,860 $ 355,515 $ 14,416,375 $ 13,438,441 $ 5,149,876 $ 18,588,317 The following tables set forth certain reportable segment information relating to the Company’s operations for the three months ended September 30, 2023 and 2022: Schedule of operations from operations Three Months Ended September 30, 2023 SaaS TaaS Unicorn Consolidated Revenues $ 1,532 $ 5,630,296 $ 87 $ 5,631,915 Cost of revenues - 4,500,314 - 4,500,314 Gross profit (loss) $ 1,532 $ 1,129,982 $ 87 $ 1,131,601 Three Months Ended September 30, 2022 SaaS TaaS Unicorn Consolidated Revenues $ 4,031 $ 4,977,502 $ 14,000 $ 4,995,533 Cost of revenues  (694 ) 3,810,717 566,817 4,376,840 Gross profit $ 4,725 $ 1,166,785 $ (552,817 ) $ 618,693 The following tables set forth certain reportable segment information relating to the Company’s operations for the nine months ended September 30, 2023 and 2022: Nine Months Ended September 30, 2023 SaaS TaaS Unicorn Consolidated Revenues $ 8,406 $ 14,403,694 $ 4,275 $ 14,416,375 Cost of revenues - 11,437,379 29,634 11,467,013 Gross profit (loss) $ 8,406 $ 2,966,315 $ (25,359 ) $ 2,949,362 Nine Months Ended September 30, 2022 SaaS TaaS Unicorn Consolidated Revenues $ 15,895 $ 14,419,422 $ 4,153,000 $ 18,588,317 Cost of revenues 176 11,096,803 5,949,230 17,046,209 Gross profit $ 15,719 $ 3,322,619 $ (1,796,230 ) $ 1,542,108 There were no material transactions between reportable segments during the three months ended September 30, 2023 and 2022. 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 17 – 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. Unicoin Rights Issued Subsequent to September 30, 2023, the Company issued Unicoin rights as follows: - Issued rights to acquire 31,485 2,829 1,103 1,726 On October 4, 2023, the Company entered into an Asset Swap Agreement with Prime8 Horizons Development Corporation, a Philippine corporation (“Prime8”), wherein the Company agreed to provide a total of 125,000,000 Unicoin rights in exchange for real estate assets known as the Lime Resort El Nido, a coastal resort in the Philippines. On October 4, 2023, the Company entered into an Asset Swap Agreement with Benito Techico, a resident of the Philippines, wherein the company agreed to provide a total of 155,750,000 Unicoin rights in exchange for real estate assets known as the Pearl of the Pacific, a coastal resort in the Philippines. On October 4, 2023, the Company entered into an Asset Swap Agreement with Mr. Emil Po, a resident of the Philippines, the Company agreed to provide a total of 17,500,000 Unicoin rights in exchange for real estate assets known as the V HUB Commercial Property, a commercial lot located in the Philippines. On October 16, 2023, the Company entered into an Asset Swap Agreement with Five Islands Lands Trust, represented by Kenroy Samuel, its Trustee, pursuant to which Seller shall acquire rights to obtain 1,904,000,000 security tokens from the Company in exchange for the disposition of certain real estate assets in Antigua described in the Asset Swap Agreement. On October 20, 2023, the Company entered into an agreement with International Mame Industry SAPI de CV (“IMI”, a Mexican entity, to acquire a 20% equity stake in IMI, the owner of the Club 51 franchise of exclusive clubs, in exchange for 100,000,000 Unicoin rights. On November 1, 2023, the Company entered into an Asset Swap Agreement with Shine Investment Corp

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
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 Unicoin Inc., its wholly owned subsidiary, SheWorks!, as well as ITSQuest and Unicorns. These entities are consolidated in accordance with Accounting Standards Codification (“ASC”) 810, Consolidations . 51% 66.67% 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, 2022 and 2021. The unaudited condensed consolidated balance sheet as of December 31, 2022, 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 condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions in the condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions made by us include: the valuation of Unicoin rights and the related embedded feature, valuation of non-cash contract consideration received from certain investors in Unicoin rights, the valuation of non-cash consideration received from Unicorns customers and the associated revenue recognition; valuation of investments in private companies; valuation of the 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. We base our estimates on historical experience and on various other assumptions that are believed 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. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents and accounts receivable. The Company’s cash and cash equivalents are held in accounts with major financial institutions, and, at times, exceed federally insured limits. As of September 30, 2023 and December 31, 2022, respectively, the Company had $ 7,039 700 In addition, as discussed in Note 4, as of December 31, 2022 the Company had non-cash receivables consisting of options and warrants to purchase common stock in small privately-held companies. The options and warrants underlying these non-cash receivables are subject to significant fluctuations in market values. As of September 30, 2023 all related option and warrant certificates have been received and these accounts receivable have been reclassified to investments in privately-held companies in the Company’s consolidated balance sheets. As discussed in Note 5, the Company has accepted digital assets as consideration from certain investors in exchange for equity, debt or Unicoin rights issued by the Company. Digital asset market values are subject to significant fluctuations based on supply and demand for such digital assets and other factors. The Company can either hold, sell, or use digital assets as payment to vendors. Digital asset price risk could adversely affect future operating results including earnings, cash flows and the Company’s ability to meet its ongoing obligations. During the three months ended September 30, 2023, the Company had one customer for which revenue accounted for 20% 14% 14% 4% 14% 10% 14% 19% 21% 10% 40% 4% The Share Exchange Agreement (“SEA”) that the Company entered into in order to acquire a majority stake in ITSQuest, as amended on December 28, 2022, contains a contingent divestiture provision whereby if by December 31, 2024, the Company does not either (i) engage in an initial public offering of its securities at a price of at least $10.00 per share or (ii) cause the Company’s proposed security tokens (Unicoins) to become tokenized and listed on a cryptocurrency exchange with a quoted price at or above $1.00 per token, then the Company 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 the Company received pursuant to the SEA. As of the filing date of this Quarterly Report on Form 10-Q, the Company cannot yet assess the likelihood or probability of achieving either of the two trigger events necessary to avoid divestiture of ITSQuest. However, if the Company is not able to achieve an initial offering of its Common Stock or an initial registration of its Unicoins, sufficient to meet the criteria outlined in the Amended SEA on or before December 31, 2024, the Company’s business, financial condition, results of operations and liquidity will be materially impacted. ITSQuest represents Company assets of $ 10,277 12,292 2,370 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.
Accounting Pronouncements Recently Adopted	Accounting Pronouncements Recently Adopted Financial Instruments – Credit Losses The Company adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses Measurement of Credit losses on financial instruments Under ASC 326, Accounts receivable are recorded at the invoiced amount, net of allowance for expected credit losses. The Company’s primary allowance for credit losses is the allowance for doubtful accounts. The allowance for doubtful accounts reduces the Accounts receivable balance to the estimated net realizable value. The Company regularly reviews the adequacy of the allowance for credit losses based on a combination of factors. In establishing any required allowance, management considers historical losses adjusted for current market conditions, the Company’s customers’ financial condition, the amount of any receivables in dispute, the current receivables aging, current payment terms and expectations of forward-looking loss estimates. All provisions for the allowance for doubtful accounts are included as a component of general and administrative expenses on the accompanying consolidated statements of operations and comprehensive loss. Accounts receivable deemed uncollectible are charged against the allowance for credit losses when identified. Subsequent recoveries of amounts previously written off are credited to earnings in the period recovered. The allowance for doubtful accounts related to Unicorns non-cash receivables is subject to uncertainty because the fair value of the underlying private company options, warrants or shares could change subsequent to the initial determination of fair value and before receipt of the related option, warrant or share certificates. In addition, unforeseen circumstances could arise after contract inception which could impact the customer’s intent or ability to pay. Because the value of any one of the receivables associated with Unicorn’s contracts may be material, changes such as these could have a material effect on the Company’s future financial condition, results of operations and cash flows. To date, the Company has recognized revenue in connection with six Unicorn Hunters agreements. The total revenue amount related to these agreements was $ 8,620 0 8,322 0% 77% 0% 33% The Company reviews each outstanding customer’s non-cash receivable balance with management of the private company customer, and records an allowance for doubtful accounts if either of the following are noted: a. A specific milestone, equity financing or other event has occurred that is a clear indication that there has been a material change in the enterprise value of the private company customer since the original recording of the Unicorns accounts receivable balance and before the Company has received the underlying stock option, warrants or shares certificates. The Company’s review identifies facts and circumstances that have substantially changed either the private company customers’ intent or its ability to issue the stock option, warrants or shares certificates due in satisfaction of their related accounts receivable balance. To date, the Company has not recorded any bad debt expense or allowance for doubtful accounts related to Unicorn Hunters non-cash receivables and the Company has not experienced any fluctuations or significant matters that would require recording a material allowance for doubtful accounts in any period to date. As of September 30, 2023 and December 31, 2022, the Company had an allowance for doubtful accounts balance of $ 2 0 61 1 26 0
Leases	Leases As discussed in the Company’s consolidated financial statements and accompanying notes for the years ended December 31, 2022 and 2021, the Company adopted ASU 2016-02, Leases The adoption of ASC 842 resulted in the recognition of $ 188 188
Adjustments to Previously Reported Financial Information	Adjustments to Previously Reported Financial Information Adoption of ASC 842 As noted above, the adoption of ASC 842 was effective January 1, 2022, which resulted in recognition of operating lease ROU assets and operating lease liabilities on the condensed consolidated balance sheet that were not reflected in the financial statements included with the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2022. The following table summarizes the ASC 842 related adjustments made to the Company’s previously reported financial information for the comparative financial statements included herein: Schedule of reclassification of operating costs and expenses As of and for the As Adjustment for As Changes to the Consolidated Balance Sheet (not included herein) Operating lease right of use assets $ - $ 177,586 $ 177,586 Total assets 25,600,494 177,586 25,778,080 Operating lease liabilities, current portion - 109,733 109,733 Current liabilities 10,640,666 109,733 10,750,399 Operating lease liabilities, non-current - 67,853 67,853 Total liabilities 43,435,943 177,586 43,613,529 Total stockholders’ equity (17,835,449 ) - (17,835,449 ) Total liabilities and stockholders’ equity 25,600,494 177,586 25,778,080 Changes to the Consolidated Statement of Cash Flows Non-cash operating lease expense - 104,700 104,700 Operating lease liability change - (104,700 ) (104,700 ) Net cash used in operating activities (22,233,942 ) - (22,233,942 ) Unbilled Receivables In addition, in connection with the Company’s implementation of new ERP system in March 2023, the chart of accounts for ITSQuest was updated to be more consistent with that of other Company subsidiaries. As a result, ITSQuest unbilled receivables, which had previously been reported as other current assets were reclassified and reported as trade receivables payable in cash in the consolidated balance sheets. Previously reported amounts were adjusted to conform with current presentation as shown in the table below. Schedule of reclassification of assets and liabilities As Adjustment As Changes to the Consolidated Balance Sheet as of December 31, 2022 Trade receivables payable in cash $ 2,179,586 $ 239,187 $ 2,418,773 Prepaid expenses and other current assets 750,977 (239,187 ) 511,790 Changes to the Consolidated Balance Sheet as of September 30, 2022 (not included herein) Trade receivables payable in cash 1,712,102 286,565 1,998,667 Prepaid expenses and other current assets 1,397,014 (286,565 ) 1,110,449 Changes to the Consolidated Statement of Cash Flows for the Nine Months Ended September 30, 2022 Changes in operating assets and liabilities: Trade receivables payable in cash 509,537 (286,565 ) 222,972 Prepaid expenses and other current assets (1,182,381 ) 286,565 (895,816 ) Significant Accounting Policies During the nine-month period ended September 30, 2023, there have been no material changes to the Company’s significant accounting policies disclosed in its audited condensed consolidated financial statements for the years ended December 31, 2022 and 2021. 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 16 – Segment Information for disaggregated revenue information. Deferred revenue The Company had deferred revenue of $ 9 19 18 154 1 40
Significant Accounting Policies	Significant Accounting Policies During the nine-month period ended September 30, 2023, there have been no material changes to the Company’s significant accounting policies disclosed in its audited condensed consolidated financial statements for the years ended December 31, 2022 and 2021.
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 16 – Segment Information for disaggregated revenue information. Deferred revenue The Company had deferred revenue of $ 9 19 18 154 1 40

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of reclassification of operating costs and expenses	Schedule of reclassification of operating costs and expenses As of and for the As Adjustment for As Changes to the Consolidated Balance Sheet (not included herein) Operating lease right of use assets $ - $ 177,586 $ 177,586 Total assets 25,600,494 177,586 25,778,080 Operating lease liabilities, current portion - 109,733 109,733 Current liabilities 10,640,666 109,733 10,750,399 Operating lease liabilities, non-current - 67,853 67,853 Total liabilities 43,435,943 177,586 43,613,529 Total stockholders’ equity (17,835,449 ) - (17,835,449 ) Total liabilities and stockholders’ equity 25,600,494 177,586 25,778,080 Changes to the Consolidated Statement of Cash Flows Non-cash operating lease expense - 104,700 104,700 Operating lease liability change - (104,700 ) (104,700 ) Net cash used in operating activities (22,233,942 ) - (22,233,942 )
Schedule of reclassification of assets and liabilities	Schedule of reclassification of assets and liabilities As Adjustment As Changes to the Consolidated Balance Sheet as of December 31, 2022 Trade receivables payable in cash $ 2,179,586 $ 239,187 $ 2,418,773 Prepaid expenses and other current assets 750,977 (239,187 ) 511,790 Changes to the Consolidated Balance Sheet as of September 30, 2022 (not included herein) Trade receivables payable in cash 1,712,102 286,565 1,998,667 Prepaid expenses and other current assets 1,397,014 (286,565 ) 1,110,449 Changes to the Consolidated Statement of Cash Flows for the Nine Months Ended September 30, 2022 Changes in operating assets and liabilities: Trade receivables payable in cash 509,537 (286,565 ) 222,972 Prepaid expenses and other current assets (1,182,381 ) 286,565 (895,816 )

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of fair value assets measured on recurring basis	Schedule of fair value assets measured on recurring basis As of September 30, 2023 Carrying Level 1 Level 2 Level 3 Total ASSETS Money market funds $ 4,432,252 $ 4,432,252 $ - $ - $ 4,432,252 USD Coin (“USDC”) 29,553 29,553 - - 29,553 As of December 31, 2022 Carrying Level 1 Level 2 Level 3 Total ASSETS Money market funds $ 166,343 $ 166,343 $ - $ - $ 166,343

INVESTMENTS IN PRIVATELY-HELD_2

INVESTMENTS IN PRIVATELY-HELD COMPANIES (Tables)	9 Months Ended
	Sep. 30, 2023
Investments In Privately-held Companies
Schedule of non-cash receivables and investments in privately held companies	Schedule of non-cash receivables and investments in privately held companies September 30, December 31, Non-cash receivables $ - $ 8,322,000 Investments in privately-held companies 8,627,000 298,000 Carrying value of non-cash consideration $ 8,627,000 $ 8,620,000 September 30, December 31, Cost of investments in privately-held companies $ 8,627,000 $ 298,000 Cumulative impairments - - Cumulative upward adjustments - - Carrying value of investments in privately-held companies $ 8,627,000 $ 298,000

DIGITAL ASSETS (Tables)

DIGITAL ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of digital assets activity	Schedule of digital assets activity Bitcoin Bitcoin Cash Ethereum Litecoin Dai Tether Three Months Ended (BTC) (BCH) (ETH) (LTC) (DAI) (USDT) 2023 2022 Beginning balance $ 1,797 $ 807 $ 2,249 $ 4,714 $ - $ 9,213 $ 18,780 $ 1,043,310 Received as consideration in sales of Unicoin rights 74,130 (807 ) 2,807 (748 ) - (18,830 ) 56,552 218,904 Vendor Payments (45,614 ) - (5,056 ) (3,933 ) - 10,150 (44,453 ) - Fees and Other (313 ) - - (33 ) - (533 ) (879 ) - Net proceeds from disposal of digital assets (29,553 ) - - - - - (29,553 ) (698,529 ) Realized gain on disposal of digital assets (447 ) - - - - - (447 ) 43,420 Impairments - - - - - - - (65,795 ) Ending balance $ - $ - $ - $ - $ - $ - $ - $ 541,310 The table below summarizes the Company’s digital asset activity for the nine months ended as of September 30, 2023 and 2022: Bitcoin Bitcoin Cash Ethereum Litecoin Dai Tether Nine Months Ended (BTC) (BCH) (ETH) (LTC) (DAI) (USDT) 2023 2022 Beginning balance $ - $ - $ - $ - $ - $ - $ - $ 237,973 Received as consideration in sales of common stock - - - - - - - 22,980 Received as consideration in sales of Unicoin rights 97,858 - 21,040 3,966 - 82,889 205,753 1,618,434 Vendor Payments (67,371 ) (17,556 ) (3,933 ) - (85,836 ) (174,696 ) - Fees and Other (487 ) - (3,484 ) (33 ) - 2,947 (1,057 ) - Net proceeds from disposal of digital assets (29,553 ) - - - - - (29,553 ) (698,529 ) Realized gain on disposal of digital assets (447 ) - - - - - (447 ) 43,420 Impairments - - - - - - (682,968 ) Ending balance $ - $ - $ - $ - $ - $ - $ - $ 541,310

UNICOIN RIGHTS FINANCING OBLI_2

UNICOIN RIGHTS FINANCING OBLIGATION (Tables)	9 Months Ended
	Sep. 30, 2023
Unicoin Rights Financing Obligation
Schedule of components of the unicoin rights financing obligation	Schedule of components of the unicoin rights financing obligation Outstanding Unicoin Rights and Nature / Category of September 30, December 31, Unicoin Right Holder Form of Consideration Units Amount Units Amount Sales to Investors Cash and Digital Assets 1,752,500,008 $ 35,229,016 1,532,851,167 $ 23,454,700 Unicoin Inc. Shareholders Non-Cash Dividends 730,522,705 73,052 730,524,705 73,052 Employee, Contractors, Directors Discretionary Compensation 343,740,612 34,375 330,052,274 361,119 Service Providers, Influencers and Employees Services and Employee Labor 213,351,300 15,376,947 197,505,326 11,058,094 Subtotal 3,040,114,625 $ 50,713,390 2,790,933,472 $ 34,946,965 ITSQuest Contingent Divestiture Amendment Contract Amendment 20,000,000 1,780,000 20,000,000 1,780,000 Five-Year Deferred Payment Plan Cash 3,072,974,052 1,040,403 1,630,136,422 297,882 Ten-Year Prepaid Plan Cash 8,175,047 1,793,695 2,131,667 437,000 Total 6,141,263,724 $ 55,327,488 4,443,201,561 $ 37,461,847
Schedule of pledged collateral	Schedule of pledged collateral Estimated Fair Value of Form of Collateral Received September 30, December 31, Cash $ 1,040,403 $ 297,882 Digital Assets 131,841 94,102 Non-Unicoin Inc. Stock 1,771,180 - Unicoin Inc. Common Stock 4,633,210 1,931,116 Unicoin rights 19,631,505 8,175,000 Real Estate 12,719,514 2,300,000 Total $ 39,927,653 $ 12,798,100
Schedule of unicoin rights issued to related parties	Schedule of unicoin rights issued to related parties Outstanding Unicoin Rights and September 30, December 31, Nature / Category Relationship Units Amount Units Amount Sales to Investors Officers and Directors 3,000,000 $ 30,000 3,000,000 $ 30,000 Unicoin Inc. Shareholders (Dividends) Officers and Directors 542,425,284 54,243 542,014,208 54,201 Discretionary Awards Officers, Directors & their Families 89,329,000 8,933 83,514,999 453,705 Consideration for Services Officers, Directors & their Families 34,948,251 3,180,914 28,747,043 852,514 ITSQuest Contingent Divestiture Amendment Former Owners of ITSQuest 20,000,000 1,780,000 20,000,000 1,780,000 Five-Year Deferred Payment Plan Officers, Directors & their Families 251,666,500 - - - Total 941,369,035 $ 5,054,090 677,276,250 $ 3,170,420

COMMON STOCK (Tables)

COMMON STOCK (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of issuance of common stock	Schedule of issuance of common stock Nine Months Ended September 30, 2023 Common Stock Issuances by Round Shares Weighted Proceeds Round 4a and 4b 8,000 2.06 $ 16,500 Round 5* 6,979 3.58 25,000 Total stock issued 14,979 $ 41,500 * In the nine months ended September 30, 2023, the Company issued 34 shares as part of Round 5 to correct a previously issued stock certificate. No additional proceeds were collected as part of the correction. Nine Months Ended September 30, 2022 Common Stock Issuances by Round Shares Weighted Proceeds Round 3b 2 $ 0.50 $ 1 Round 3c 1 - - Round 4a 90,000 2.00 180,000 Round 4b 24,001 3.00 72,000 Round 5 343,561 3.61 1,241,868 Total stock issues 457,565 $ 1,493,869
Schedule of common stock reserved	Schedule of common stock reserved September 30, December 31, Stock options outstanding (Note 9) 55,535,881 55,535,881 Warrants for common stock (Note 10) 10,310,000 10,310,000 Restricted stock units (Note 9) 254,446 369,571

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of assumptions used	Schedule of assumptions used Number of Weighted Weighted Aggregate Beginning balance January 1, 2023 55,535,881 $ 0.031 6.61 $ 20,271,659 Granted - Exercised - Cancelled - Ending balance September 30, 2023 55,535,881 $ 0.031 5.86 $ 18,068,550 Vested and exercisable as of September 30, 2023 55,835,881 $ 0.031 5.86 $ 18,068,550
Schedule of stock option activity	Schedule of stock option activity Nine Months Ended September 30, 2023 2022 Fair value of common stock $ 0.35 $ 0.40 0.94 Expected term (in years) 10 10 Volatility 60.00 % 58.00% 60.00 % Risk-free rate 5.25 % 2.30% 4.20 % Dividend yield - -
Schedule of liability and restricted stock units	Schedule of liability and restricted stock units Number of Beginning balance - January 1, 2023 369,571 Granted - Vested (109,444 ) Forfeited (5,681 ) Ending balance - September 30, 2023 254,446

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2023
Warrants
Schedule of common stock warrants	Schedule of common stock warrants Number of Beginning balance as of January 1, 2023 10,310,000 Granted - Exercised - Forfeited - Ending balance as of September 30, 2023 10,310,000

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of maturities of operating lease liabilities	Schedule of maturities of operating lease liabilities Amount 2023 (October 1 through December 31) $ 39,961 2024 142,953 2025 73,696 Future operating lease payments 256,610 Imputed interest (22,564 ) Total operating lease liabilities 234,046 Current portion 136,777 Operating lease liabilities, noncurrent $ 97,269

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of earning per shares basis and diluted	Schedule of earning per shares basis and diluted Three Months Ended Nine Months Ended Basic and Diluted: 2023 2022 2023 2022 Numerator: Net loss attributable to Unicoin Inc. per consolidated statements of operations $ (4,952,843 ) $ (5,271,845 ) $ (11,005,378 ) $ (25,915,873 ) Denominator: Weighted average common shares outstanding used to compute basic and diluted loss per share 733,517,657 734,084,942 733,475,323 733,708,322 Net loss per common share attributable to Unicoin Inc., basic and diluted $ (0.01 ) $ (0.01 ) $ (0.02 ) $ (0.04 )
Schedule of potentially dilutive shares	Schedule of potentially dilutive shares Three Months Ended Nine Months Ended 2023 2022 2023 2022 Stock options outstanding (Note 9) 55,535,881 55,535,881 55,535,881 55,535,881 Warrants for common stock (Note 10) 10,310,000 10,310,000 10,310,000 10,310,000 Restricted stock units (Note 9) 254,446 590,400 254,446 590,400

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of revenue from segments	Schedule of revenue from segments Three Months Ended September 30, 2023 2022 United Foreign Consolidated United Foreign Consolidated Staffing revenues $ 5,510,920 $ 119,376 $ 5,630,296 $ 4,612,745 $ 364,757 $ 4,977,502 Subscription revenues 208 1,324 1,532 714 3,317 4,031 Unicorn Hunters 87 - 87 - 14,000 14,000 Total revenues $ 5,511,215 $ 120,700 $ 5,631,915 $ 4,613,459 $ 382,074 $ 4,995,533 The following tables you set forth certain reportable segment information relating to where the Company derived its revenue for the nine months ended September 30, 2023, and 2022: Nine Months Ended September 30, 2023 2022 United Foreign Consolidated United Foreign Consolidated Staffing revenues $ 14,056,955 $ 346,739 $ 14,403,694 $ 13,436,879 $ 982,543 $ 14,419,422 Subscription revenues 1,141 7,265 8,406 1,562 14,333 15,895 Unicorn Hunters 2,764 1,511 4,275 - 4,153,000 4,153,000 Total revenues $ 14,060,860 $ 355,515 $ 14,416,375 $ 13,438,441 $ 5,149,876 $ 18,588,317
Schedule of operations from operations	Schedule of operations from operations Three Months Ended September 30, 2023 SaaS TaaS Unicorn Consolidated Revenues $ 1,532 $ 5,630,296 $ 87 $ 5,631,915 Cost of revenues - 4,500,314 - 4,500,314 Gross profit (loss) $ 1,532 $ 1,129,982 $ 87 $ 1,131,601 Three Months Ended September 30, 2022 SaaS TaaS Unicorn Consolidated Revenues $ 4,031 $ 4,977,502 $ 14,000 $ 4,995,533 Cost of revenues  (694 ) 3,810,717 566,817 4,376,840 Gross profit $ 4,725 $ 1,166,785 $ (552,817 ) $ 618,693 The following tables set forth certain reportable segment information relating to the Company’s operations for the nine months ended September 30, 2023 and 2022: Nine Months Ended September 30, 2023 SaaS TaaS Unicorn Consolidated Revenues $ 8,406 $ 14,403,694 $ 4,275 $ 14,416,375 Cost of revenues - 11,437,379 29,634 11,467,013 Gross profit (loss) $ 8,406 $ 2,966,315 $ (25,359 ) $ 2,949,362 Nine Months Ended September 30, 2022 SaaS TaaS Unicorn Consolidated Revenues $ 15,895 $ 14,419,422 $ 4,153,000 $ 18,588,317 Cost of revenues 176 11,096,803 5,949,230 17,046,209 Gross profit $ 15,719 $ 3,322,619 $ (1,796,230 ) $ 1,542,108

ORGANIZATION AND OPERATIONS (De

ORGANIZATION AND OPERATIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Nov. 30, 2020
Net loss		$ (4,703,553)	$ (5,530,676)	$ (10,671,142)	$ (27,368,188)
Cash in operating activities				7,447,000	$ 22,234,000
Accumulated deficit		$ 103,576,000		$ 103,576,000		$ 92,570,000
ITSQuest, Inc [Member]
Ownership interest, percentage							51%
Unicorns, Inc. [Member]
Ownership interest, percentage	66.67%	26.67%		26.67%
Number of shares issued	50,000,001

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jan. 01, 2022
Operating lease right of use assets	$ 231,061	$ 177,586	$ 349,631	$ 188,000
Total assets	31,058,566	25,778,080	25,035,662
Operating lease liabilities, current portion	136,777	109,733	149,802
Current liabilities	9,905,421	10,750,399	11,118,433
Operating lease liabilities, non-current	97,269	67,853	199,629
Total liabilities	66,471,631	43,613,529	49,921,362
Equity, Attributable to Parent	(33,217,501)	(17,835,449)	(22,355,900)
Liabilities and Equity	31,058,566	25,778,080	$ 25,035,662
Noncash operating lease expense	$ 118,570	104,700
Operating lease liability change		(104,700)
Net cash used in operating activities		(22,233,942)
Previously Reported [Member]
Operating lease right of use assets
Total assets		25,600,494
Operating lease liabilities, current portion
Current liabilities		10,640,666
Operating lease liabilities, non-current
Total liabilities		43,435,943
Equity, Attributable to Parent		(17,835,449)
Liabilities and Equity		25,600,494
Noncash operating lease expense
Operating lease liability change
Net cash used in operating activities		(22,233,942)
Revision of Prior Period, Adjustment [Member]
Operating lease right of use assets		177,586
Total assets		177,586
Operating lease liabilities, current portion		109,733
Current liabilities		109,733
Operating lease liabilities, non-current		67,853
Total liabilities		177,586
Equity, Attributable to Parent
Liabilities and Equity		177,586
Noncash operating lease expense		104,700
Operating lease liability change		(104,700)
Net cash used in operating activities

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Trade receivables payable in cash	$ 2,235,379	$ 1,998,667	$ 2,418,773
Prepaid expenses and other current assets		1,110,449	511,790
Trade receivables payable in cash	183,394	222,972
Prepaid expenses and other current assets	$ (357,782)	(895,816)
Previously Reported [Member]
Trade receivables payable in cash		1,712,102	2,179,586
Prepaid expenses and other current assets		1,397,014	750,977
Trade receivables payable in cash		509,537
Prepaid expenses and other current assets		(1,182,381)
Revision of Prior Period, Adjustment [Member]
Trade receivables payable in cash		286,565	239,187
Prepaid expenses and other current assets		(286,565)	$ (239,187)
Trade receivables payable in cash		(286,565)
Prepaid expenses and other current assets		$ 286,565

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jan. 01, 2022	Apr. 30, 2021	Nov. 30, 2020
Product Information [Line Items]
FDIC insured amount	$ 7,039,000		$ 7,039,000		$ 700,000
Assets	31,058,566	$ 25,778,080	31,058,566	$ 25,778,080	25,035,662
Revenues	5,631,915	4,995,533	14,416,375	18,588,317
Gross Profit	1,131,601	618,693	2,949,362	1,542,108
Non-cash receivables					$ 8,322,000
Receviables	0%		0%		77%
Revenue receviables percentage	0%		0%		33%
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ 2,000		$ 2,000		$ 0
Bad debt expense	26,000	0	61,000	1,000
Operating lease, right-of-use asset	231,061	177,586	231,061	177,586	349,631	$ 188,000
Operating lease, right-of-use liabilities	234,046		234,046		350,000	$ 188,000
Deferred revenue	9,000		9,000		19,000
Revenue recognized	1,000	$ 40,000	18,000	$ 154,000
ITSQuest [Member]
Product Information [Line Items]
Assets	10,277,000		10,277,000
Revenues			12,292,000
Gross Profit			2,370,000
Six Unicorn Hunters [Member]
Product Information [Line Items]
Revenue related to party	8,620,000		8,620,000
Non-cash receivables	$ 0		$ 0		$ 8,322,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Product Information [Line Items]
Concentration Risk, Percentage	20%	14%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | First Customer [Member]
Product Information [Line Items]
Concentration Risk, Percentage			14%	21%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Second Customer [Member]
Product Information [Line Items]
Concentration Risk, Percentage			10%	10%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Product Information [Line Items]
Concentration Risk, Percentage	14%	4%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | First Customer [Member]
Product Information [Line Items]
Concentration Risk, Percentage			14%	40%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Second Customer [Member]
Product Information [Line Items]
Concentration Risk, Percentage			19%	4%
ITSQuest, Inc [Member]
Product Information [Line Items]
Ownership interest, percentage								51%
Unicorns, Inc. [Member]
Product Information [Line Items]
Ownership interest, percentage	26.67%		26.67%				66.67%

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of assets	$ 4,432,252	$ 166,343
Fair value of assets	4,432,252	166,343
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	4,432,252	166,343
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
USD Coin USDC [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of assets	29,553
Fair value of assets	29,553
USD Coin USDC [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets	29,553
USD Coin USDC [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets
USD Coin USDC [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets

INVESTMENTS IN PRIVATELY-HELD_3

INVESTMENTS IN PRIVATELY-HELD COMPANIES (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Investments In Privately-held Companies
Non-cash receivables		$ 8,322,000
Investments in privately-held companies	8,627,000	298,000
Carrying value of non-cash consideration	8,627,000	8,620,000
Cost of investments in privately-held companies	8,627,000	298,000
Cumulative impairments
Cumulative upward adjustments
Carrying value of investments in privately-held companies	$ 8,627,000	$ 298,000

INVESTMENTS IN PRIVATELY-HELD_4

INVESTMENTS IN PRIVATELY-HELD COMPANIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2023	Dec. 31, 2022
Investments In Privately-held Companies
Received option or warrant certificates	$ 7	$ 8,322	$ 298

DIGITAL ASSETS (Details)

DIGITAL ASSETS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Beginning balance	$ 18,780	$ 1,043,310		$ 237,973
Received as consideration in sales of common stock				22,980
Received as consideration in sales of Unicoin rights	56,552	218,904	205,753	1,618,434
Vendor Payments	(44,453)		(174,696)
Fees and Other	(879)		(1,057)
Net proceeds from disposal of digital assets	(29,553)	(698,529)	(29,553)	(698,529)
Realized gain on disposal of digital assets	(447)	43,420	(447)	43,420
Impairments		(65,795)		(682,968)
Ending balance		$ 541,310		$ 541,310
Bitcoin [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Beginning balance	1,797
Received as consideration in sales of common stock
Received as consideration in sales of Unicoin rights	74,130		97,858
Vendor Payments	(45,614)		(67,371)
Fees and Other	(313)		(487)
Net proceeds from disposal of digital assets	(29,553)		(29,553)
Realized gain on disposal of digital assets	(447)		(447)
Impairments
Ending balance
Bitcoin Cash [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Beginning balance	807
Received as consideration in sales of common stock
Received as consideration in sales of Unicoin rights	(807)
Vendor Payments
Fees and Other
Net proceeds from disposal of digital assets
Realized gain on disposal of digital assets
Impairments
Ending balance
Ethereum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Beginning balance	2,249
Received as consideration in sales of common stock
Received as consideration in sales of Unicoin rights	2,807		21,040
Vendor Payments	(5,056)		(17,556)
Fees and Other			(3,484)
Net proceeds from disposal of digital assets
Realized gain on disposal of digital assets
Impairments
Ending balance
Litecoin [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Beginning balance	4,714
Received as consideration in sales of common stock
Received as consideration in sales of Unicoin rights	(748)		3,966
Vendor Payments	(3,933)		(3,933)
Fees and Other	(33)		(33)
Net proceeds from disposal of digital assets
Realized gain on disposal of digital assets
Impairments
Ending balance
Dai [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Beginning balance
Received as consideration in sales of common stock
Received as consideration in sales of Unicoin rights
Vendor Payments
Fees and Other
Net proceeds from disposal of digital assets
Realized gain on disposal of digital assets
Impairments
Ending balance
Tether [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Beginning balance	9,213
Received as consideration in sales of common stock
Received as consideration in sales of Unicoin rights	(18,830)		82,889
Vendor Payments	10,150		(85,836)
Fees and Other	(533)		2,947
Net proceeds from disposal of digital assets
Realized gain on disposal of digital assets
Impairments
Ending balance

DIGITAL ASSETS (Details Narrati

DIGITAL ASSETS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Proceeds from digital assets	$ 57	$ 219	$ 206
Impairment losses		66
Digital asset holdings		541		$ 541
Identified assets					$ 851	$ 851
Bitcoin Digital Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Proceeds from digital assets				656
Disposed of Bitcoin digital assets				699
Gain on disposed of bitcoin digital assets				43
Unicoin Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Proceeds from digital assets		1,618		1,618
Common Stock [Member]
Finite-Lived Intangible Assets [Line Items]
Proceeds from digital assets		23		23
Vendor Payments [Member]
Finite-Lived Intangible Assets [Line Items]
Proceeds from digital assets	$ 44	$ 0	$ 175	$ 0

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Short-Term Debt [Line Items]
Short term debt	$ 491		$ 491		$ 708
Annual interest rate			20%		20%
Unsecured Notes [Member]
Short-Term Debt [Line Items]
Unsecured notes issued	177	$ 0	$ 376	$ 48
Interest expense	$ 25	$ 42	$ 107	$ 42

UNICOIN RIGHTS FINANCING OBLI_3

UNICOIN RIGHTS FINANCING OBLIGATION (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) Integer	Dec. 31, 2022 USD ($) Integer
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	6,141,263,724	4,443,201,561
Unicoin Rights Financing Obligation | $	$ 55,327,488	$ 37,461,847
Accredited Investors [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	1,752,500,008	1,532,851,167
Unicoin Rights Financing Obligation | $	$ 35,229,016	$ 23,454,700
Unicoin Inc Shareholders [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	730,522,705	730,524,705
Unicoin Rights Financing Obligation | $	$ 73,052	$ 73,052
Employee Contractors Directors [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	343,740,612	330,052,274
Unicoin Rights Financing Obligation | $	$ 34,375	$ 361,119
Service Providers Influencers And Employees [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	213,351,300	197,505,326
Unicoin Rights Financing Obligation | $	$ 15,376,947	$ 11,058,094
Subtotal [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	3,040,114,625	2,790,933,472
Unicoin Rights Financing Obligation | $	$ 50,713,390	$ 34,946,965
ITSQuest contingent divestiture amendment [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	20,000,000	20,000,000
Unicoin Rights Financing Obligation | $	$ 1,780,000	$ 1,780,000
Five Year Deferred Payment Plan [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	3,072,974,052	1,630,136,422
Unicoin Rights Financing Obligation | $	$ 1,040,403	$ 297,882
Ten Year Prepaid Plan [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of Unicoin Rights | Integer	8,175,047	2,131,667
Unicoin Rights Financing Obligation | $	$ 1,793,695	$ 437,000

UNICOIN RIGHTS FINANCING OBLI_4

UNICOIN RIGHTS FINANCING OBLIGATION (Details 1) - USD ($)	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Digital Assets		$ 18,780		$ 541,310	$ 1,043,310	$ 237,973
Unicorns [Member]
Restructuring Cost and Reserve [Line Items]
Cash	1,040,403		297,882
Digital Assets	131,841		94,102
Non-Unicoin Inc. Stock	1,771,180
Unicoin Inc. Common Stock	4,633,210		1,931,116
Unicoin rights	19,631,505		8,175,000
Real Estate	12,719,514		2,300,000
Total	$ 39,927,653		$ 12,798,100

UNICOIN RIGHTS FINANCING OBLI_5

UNICOIN RIGHTS FINANCING OBLIGATION (Details 2)	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) Integer	Dec. 31, 2022 USD ($) Integer
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of unicoin rights | Integer	941,369,035	677,276,250
Unicoin rights financing obligation | $	$ 5,054,090	$ 3,170,420
Accredited Investors [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of unicoin rights | Integer	3,000,000	3,000,000
Unicoin rights financing obligation | $	$ 30,000	$ 30,000
Unicoin Inc Shareholders [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of unicoin rights | Integer	542,425,284	542,014,208
Unicoin rights financing obligation | $	$ 54,243	$ 54,201
Discretionary Awards [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of unicoin rights | Integer	89,329,000	83,514,999
Unicoin rights financing obligation | $	$ 8,933	$ 453,705
Consideration For Services [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of unicoin rights | Integer	34,948,251	28,747,043
Unicoin rights financing obligation | $	$ 3,180,914	$ 852,514
ITSQuest contingent divestiture amendment [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of unicoin rights | Integer	20,000,000	20,000,000
Unicoin rights financing obligation | $	$ 1,780,000	$ 1,780,000
Five Year Deferred Payment Plan [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of unicoin rights | Integer	251,666,500
Unicoin rights financing obligation | $

UNICOIN RIGHTS FINANCING OBLI_6

UNICOIN RIGHTS FINANCING OBLIGATION (Details Narrative) - USD ($) $ in Thousands			1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 07, 2023	May 05, 2023	Aug. 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoins description						the Company has issued 3,087,121,714 Unicoin rights, of which 24,617,195 were given away for no consideration. There are currently 77,036 total holders of Unicoin rights listed in the Company’s registry (not accounting for duplication for individuals who invested more than once), including the holders of free coins, and 4,845 purchasers worldwide. Of these, 1,412 (1.83% of total holders and 29.14% of purchasers) are accredited and 3,433 (4.46% of holders) are not accredited or were not verified. Of the 4,845 purchasers, 3,433 were not accredited or not verified (70.86%). Note that non-accredited holders or those not verified are either non-US Persons who purchased pursuant to Regulation S, or were given Unicoin rights for free, and thus were not sold Unicoin rights.
Number of unicoins acquired				81 million	72 million Unicoins	1.7 billion	2.7 billion
Unicoin rights financing obligation				$ 55,327		$ 55,327		$ 37,462
Unicoin rights issued, description								Investors amounted to $35,229 thousand and $23,455 thousand, respectively. The cumulative amounts were received from completed cash and non-cash sales of Unicoin rights in the Company’s various financing rounds at prices ranging from $0.01 to $0.50. Although there are no stated legal rights requiring the Company to return amounts received from investors, management believes the holders of Unicoin rights have a reasonable right to either 1) receive the number of Unicoins specified in their Unicoin rights agreement upon the future development and launch of the Unicoin or 2) a refund of the amount invested in anticipation of the future development and launch of Unicoins. Therefore, all amounts received from sales to Investors have been recorded as a Unicoin rights financing obligation.
Cash deposits				577		577		$ 192
Asset Swap Agreement [Member] | Investor In Thailand [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Agreed to provide unicoin rights, description		the Company agreed to provide 12.8 million Unicoin rights in exchange for real estate assets located in Thailand, currently owned by the noted investor.
Asset Swap Agreement [Member] | Electroquimica Del Neuquen S. A. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Agreed to provide unicoin rights, description	the Company agreed to provide 420 million Unicoin rights in exchange for real estate assets owned by the Argentinian counterpart.
Asset Swap Agreement [Member] | Mohammad Al Saeed Adnan [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Agreed to provide unicoin rights, description			the Company agreed to provide a total of 671,206,755 Unicoin rights (payable in milestones based on development progress) in exchange for real estate assets owned by the Mr. Adnan.
Accredited Investors [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoin rights financing obligation				35,229		35,229		23,455
Unicoin Inc Shareholders [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoin rights financing obligation				73		73		73
Employee Contractors Directors [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoin rights financing obligation				34		34		361
Service Providers Influencers And Employees [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoin rights financing obligation				15,377		15,377		11,058
Five Year Deferred Payment Plan [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoin rights financing obligation				1,040		1,040		298
Ten Year Prepaid Plan [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoin rights financing obligation				1,793		1,793		$ 437
ITSQuest contingent divestiture amendment [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoin rights financing obligation				$ 1,780		$ 1,780

COMMON STOCK (Details)

COMMON STOCK (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023		Sep. 30, 2022
Class of Stock [Line Items]
Shares	14,979		457,565
Proceeds	$ 41,500		$ 1,493,869
Stock Issues Round 4a And 4b [Member]
Class of Stock [Line Items]
Shares	8,000
Weighted Average Price per Share	$ 2.06
Proceeds	$ 16,500
Stock Issues Round 5 [Member]
Class of Stock [Line Items]
Shares	6,979	[1]	343,561
Weighted Average Price per Share	$ 3.58	[1]	$ 3.61
Proceeds	$ 25,000	[1]	$ 1,241,868
Stock Issues Round 3b [Member]
Class of Stock [Line Items]
Shares			2
Weighted Average Price per Share			$ 0.50
Proceeds			$ 1
Stock Issues Round 3c [Member]
Class of Stock [Line Items]
Shares			1
Weighted Average Price per Share
Proceeds
Stock Issues Round 4a [Member]
Class of Stock [Line Items]
Shares			90,000
Weighted Average Price per Share			$ 2
Proceeds			$ 180,000
Stock Issues Round 4b [Member]
Class of Stock [Line Items]
Shares			24,001
Weighted Average Price per Share			$ 3
Proceeds			$ 72,000
[1]In the nine months ended September 30, 2023, the Company issued 34 shares as part of Round 5 to correct a previously issued stock certificate. No additional proceeds were collected as part of the correction.

COMMON STOCK (Details 1)

COMMON STOCK (Details 1) - shares	Sep. 30, 2023	Dec. 31, 2022
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares of common stock reserved for future issuance	55,535,881	55,535,881
Warrant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares of common stock reserved for future issuance	10,310,000	10,310,000
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares of common stock reserved for future issuance	254,446	369,571

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Equity [Abstract]
Common stock, shares authorized	1,000,000,000		1,000,000,000		1,000,000,000
Common stock, shares issued	773,062,838		773,062,838		772,938,415
Common stock, shares outstanding	733,537,366		733,537,366		733,427,768
Issuance of common stock, amount	$ 0	$ 0	$ 42	$ 1,494
Repurchase of common stock, Shares	3,430	0	14,825	3,398,730
Repurchase of common stock	$ 1	$ 0	$ 5	$ 340
Dividend of Unicoins description			Approximately 731 million Unicoin rights were issued as non-cash dividends aggregating to $73 thousand, or $0.0001 per share and was recorded as a reduction of additional paid-in-capital and an increase to the Unicoin rights liability in the Company’s condensed consolidated balance sheet

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares
Equity [Abstract]
Beginning balance	55,535,881
Weighted average exercise price, beginning balance | $ / shares	$ 0.031
Weighted average remaining contractual term (years)	6 years 7 months 9 days
Aggregate intrinsic value, beginning balance | $	$ 20,271,659
Granted
Exercised
Cancelled
Ending balance	55,535,881
Weighted average exercise price, ending balance | $ / shares	$ 0.031
Weighted average remaining contractual term (years)	5 years 10 months 9 days
Aggregate intrinsic value, ending balance | $	$ 18,068,550
Vested and exercisable	55,835,881
Weighted average exercise price, Vested and exercisable | $ / shares	$ 0.031
Weighted average remaining contractual life, Vested and exercisable	5 years 10 months 9 days
Aggregate Intrinsic Value, Vested and exercisable | $	$ 18,068,550

STOCK-BASED COMPENSATION (Det_2

STOCK-BASED COMPENSATION (Details 1) - $ / shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Fair value of common stock	$ 0.35
Expected term (in years)	10 years	10 years
Volatility	60%
Risk-free rate	5.25%
Dividend yield
Minimum [Member]
Fair value of common stock		$ 0.40
Volatility		58%
Risk-free rate		2.30%
Maximum [Member]
Fair value of common stock		$ 0.94
Volatility		60%
Risk-free rate		4.20%

STOCK-BASED COMPENSATION (Det_3

STOCK-BASED COMPENSATION (Details 2)	9 Months Ended
	Sep. 30, 2023 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	55,535,881
Restricted stock units, granted
Restricted stock units, vested
Ending balance	55,535,881
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	369,571
Restricted stock units, granted
Restricted stock units, vested	(109,444)
Restricted stock units, forfeited	(5,681)
Ending balance	254,446

STOCK-BASED COMPENSATION (Det_4

STOCK-BASED COMPENSATION (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price, lower range limit			$ 0.001
Exercise price, upper range limit			$ 2
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense			$ 0	$ 12
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 32	$ 9	$ 108	$ 115

WARRANTS (Details)

WARRANTS (Details) - Warrant [Member]	9 Months Ended
	Sep. 30, 2023 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants outstanding, beginning balance	10,310,000
Warrants, granted
Warrants, exercised
Warrants, forfeited
Warrants outstanding, ending balance	10,310,000

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Warrants
Weighted average grant date fair value	$ 0.02	$ 0.02

LEASES (Details)

LEASES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jan. 01, 2022
Leases [Abstract]
2023 (October 1 through December 31)	$ 39,961
2024	142,953
2025	73,696
Future operating lease payments	256,610
Imputed interest	(22,564)
Total operating lease liabilities	234,046	$ 350,000		$ 188,000
Current portion	(136,777)	(149,802)	$ (109,733)
Operating lease liabilities, noncurrent	$ 97,269	$ 199,629	$ 67,853

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jan. 01, 2022
Leases [Abstract]
Operating lease rou assets	$ 231,000		$ 231,000		$ 350,000
Operating lease, liability	234,046		234,046		350,000	$ 188,000
Operating lease, liability, current	137,000		137,000		150,000
Operating lease, liability, noncurrent	$ 97,000		$ 97,000		$ 200,000
Operating lease, weighted average remaining lease term	1 year 3 months 18 days		1 year 3 months 18 days		1 year 10 months 24 days
Operating lease, weighted average discount rate, percent	10%		10%		10%
Operating lease expense	$ 80,000	$ 83,000	$ 266,000	$ 223,000
Operating lease expense capitalized	46,000	36,000	141,000	105,000
Operating lease expense not capitalized	$ 34,000	$ 55,000	$ 125,000	$ 119,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2023	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Unicoin rights issued to related parties		$ 5,054	$ 3,170
Related party loan payable	$ 645	294	645
Chief Executive Officer [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Repayment to officer		$ 101	$ 351
Alex Konanykhin [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Loan from related party	$ 645

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Current Income Tax Expense (Benefit)	$ (43)	$ (56)	$ (151)	$ (171)
Effective Income Tax Rate Reconciliation, Percent	0.93%	1.02%	1.44%	0.63%
Unrecognized tax benefits	$ 0	$ 0	$ 0	$ 0

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net loss attributable to Unicoin Inc. per consolidated statements of operations	$ (4,952,843)	$ (5,271,845)	$ (11,005,378)	$ (25,915,873)
Weighted average common shares outstanding used to compute basic loss per share	733,517,657	734,084,942	733,475,323	733,708,322
Weighted average common shares outstanding used to compute diluted loss per share	733,517,657	734,084,942	733,475,323	733,708,322
Net loss per share attributable to Unicoin Inc., basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.04)
Net loss per share attributable to Unicoin Inc., diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.04)

NET LOSS PER SHARE (Details 1)

NET LOSS PER SHARE (Details 1) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	55,535,881	55,535,881	55,535,881	55,535,881
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	10,310,000	10,310,000	10,310,000	10,310,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	254,446	590,400	254,446	590,400

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from External Customer [Line Items]
Total revenues	$ 5,631,915	$ 4,995,533	$ 14,416,375	$ 18,588,317
UNITED STATES
Revenue from External Customer [Line Items]
Total revenues	5,511,215	4,613,459	14,060,860	13,438,441
Foreign Tax Authority [Member]
Revenue from External Customer [Line Items]
Total revenues	120,700	382,074	355,515	5,149,876
Staffing Revenues [Member]
Revenue from External Customer [Line Items]
Total revenues	5,630,296	4,977,502	14,403,694	14,419,422
Staffing Revenues [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Total revenues	5,510,920	4,612,745	14,056,955	13,436,879
Staffing Revenues [Member] | Foreign Tax Authority [Member]
Revenue from External Customer [Line Items]
Total revenues	119,376	364,757	346,739	982,543
Subscription Revenues [Member]
Revenue from External Customer [Line Items]
Total revenues	1,532	4,031	8,406	15,895
Subscription Revenues [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Total revenues	208	714	1,141	1,562
Subscription Revenues [Member] | Foreign Tax Authority [Member]
Revenue from External Customer [Line Items]
Total revenues	1,324	3,317	7,265	14,333
Unicorns Hunters [Member]
Revenue from External Customer [Line Items]
Total revenues	87	14,000	4,275	4,153,000
Unicorns Hunters [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Total revenues	87		2,764
Unicorns Hunters [Member] | Foreign Tax Authority [Member]
Revenue from External Customer [Line Items]
Total revenues		$ 14,000	$ 1,511	$ 4,153,000

SEGMENT INFORMATION (Details 1)

SEGMENT INFORMATION (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from External Customer [Line Items]
Revenues	$ 5,631,915	$ 4,995,533	$ 14,416,375	$ 18,588,317
Gross profit	1,131,601	618,693	2,949,362	1,542,108
SaaS [Member]
Revenue from External Customer [Line Items]
Revenues	1,532	4,031	8,406	15,895
Cost of revenues		(694)		176
Gross profit	1,532	4,725	8,406	15,719
TaaS [Member]
Revenue from External Customer [Line Items]
Revenues	5,630,296	4,977,502	14,403,694	14,419,422
Cost of revenues	4,500,314	3,810,717	11,437,379	11,096,803
Gross profit	1,129,982	1,166,785	2,966,315	3,322,619
Unicorn Hunters [Member]
Revenue from External Customer [Line Items]
Revenues	87	14,000	4,275	4,153,000
Cost of revenues		566,817	29,634	5,949,230
Gross profit	87	(552,817)	(25,359)	(1,796,230)
Consolidated [Member]
Revenue from External Customer [Line Items]
Revenues	5,631,915	4,995,533	14,416,375	18,588,317
Cost of revenues	4,500,314	4,376,840	11,467,013	17,046,209
Gross profit	$ 1,131,601	$ 618,693	$ 2,949,362	$ 1,542,108

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($) shares in Thousands, $ in Thousands			1 Months Ended
	Nov. 01, 2023	Oct. 04, 2023	Nov. 14, 2023	Oct. 20, 2023	Oct. 16, 2023
Subsequent Event [Line Items]
Exchange of shares			31,485
Exchange of shares amount			$ 2,829
Cash			1,103
Non Cash			$ 1,726
Asset Swap Agreement [Member] | Prime8 Horizons Development Corporation [Member]
Subsequent Event [Line Items]
Agreed to provide unicoin rights		the Company entered into an Asset Swap Agreement with Prime8 Horizons Development Corporation, a Philippine corporation (“Prime8”), wherein the Company agreed to provide a total of 125,000,000 Unicoin rights in exchange for real estate assets known as the Lime Resort El Nido, a coastal resort in the Philippines.
Asset Swap Agreement [Member] | Benito Techico [Member]
Subsequent Event [Line Items]
Agreed to provide unicoin rights		the Company entered into an Asset Swap Agreement with Benito Techico, a resident of the Philippines, wherein the company agreed to provide a total of 155,750,000 Unicoin rights in exchange for real estate assets known as the Pearl of the Pacific, a coastal resort in the Philippines.
Asset Swap Agreement [Member] | Mr. Emil Po [Member]
Subsequent Event [Line Items]
Agreed to provide unicoin rights		the Company entered into an Asset Swap Agreement with Mr. Emil Po, a resident of the Philippines, the Company agreed to provide a total of 17,500,000 Unicoin rights in exchange for real estate assets known as the V HUB Commercial Property, a commercial lot located in the Philippines.
Asset Swap Agreement [Member] | Five Islands Lands Trust [Member]
Subsequent Event [Line Items]
Agreed to provide unicoin rights					the Company entered into an Asset Swap Agreement with Five Islands Lands Trust, represented by Kenroy Samuel, its Trustee, pursuant to which Seller shall acquire rights to obtain 1,904,000,000 security tokens from the Company in exchange for the disposition of certain real estate assets in Antigua described in the Asset Swap Agreement.
Asset Swap Agreement [Member] | International Mame Industry SAPI de CV [Member]
Subsequent Event [Line Items]
Agreed to provide unicoin rights				the Company entered into an agreement with International Mame Industry SAPI de CV (“IMI”, a Mexican entity, to acquire a 20% equity stake in IMI, the owner of the Club 51 franchise of exclusive clubs, in exchange for 100,000,000 Unicoin rights.
Asset Swap Agreement [Member] | Shine Investment Corp [Member]
Subsequent Event [Line Items]
Agreed to provide unicoin rights	the Company entered into an Asset Swap Agreement with