Elvictor (ELVG) 10-K 31 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 31, 2022	Jun. 30, 2021
Document Information Line Items
Entity Registrant Name	Elvictor Group, Inc.
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		414,448,757
Entity Public Float			$ 8,361,429
Amendment Flag	false
Entity Central Index Key	0001741489
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	333-225239
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	82-3296328
Entity Address, Address Line One	Vassileos Constantinou 79
Entity Address, Address Line Two	Vari
Entity Address, Postal Zip Code	16672
Entity Address, City or Town	Attiki
Entity Address, Country	GR
City Area Code	(877)
Local Phone Number	374-4196
Entity Interactive Data Current	No
Auditor Firm ID	5041
Auditor Name	BF Borgers CPA PC
Auditor Location	Lakewood, CO

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current Assets
Cash	$ 308,526	$ 343,804
Accounts Receivable	427,482	258,990
Other Receivables	59,631
Other Receivables - Related Party	161,731
Prepaid expenses and other current assets	2,469	2,183
ROU Asset - Related Party	60,394
Total Current Assets	1,020,233	604,977
Long-term Assets
ROU Asset - Related Party	22,953	70,214
Office Equipment, net	10,619
Total Long-term Assets	33,572	70,214
Total Assets	1,053,805	675,191
Current Liabilities
Accounts Payable	78,322	11,988
Trade Accounts Payable	88,253	63,231
Trade Accounts Payable - Related Party	84,223	22,538
Other Payables	206,200	156,308
Convertible Notes - net of discount		405,725
Lease Liability - Related Party	60,394	70,214
Accrued and Other Liabilities	30,613	1,246
Due to related party	40,098	1,798
Total Current Liabilities	588,103	733,048
Lon-Term Liabilities
Lease Liability - Related Party	22,953
Total Long-term Liabilities	22,953
Stockholders’ Equity/(Deficit)
Preferred stock, par value $0.0001; 100,000,000 preferred shares authorized; zero and 80,000,000 preferred shares issued and outstanding at December 31, 2021 and December 31, 2020 respectively		8,000
Common stock, par value $0.0001; 700,000,000 common shares authorized; 406,548,757 and 26,384,673 common shares issued and outstanding at December 31, 2021 and December 31, 2020 respectively	40,655	2,637
Additional paid in capital	44,802,974	1,167,646
Accumulated deficit	(44,400,880)	(1,236,140)
Total Stockholders’ Equity/(Deficit)	442,749	(57,857)
Total Liabilities and Stockholders’ Equity	$ 1,053,805	$ 675,191

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parentheticals) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred Stock, Par Value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	0	80,000,000
Preferred Stock, Shares Outstanding	0	80,000,000
Common Stock, Par Value (in Dollars per share)	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	700,000,000	700,000,000
Common Stock, Shares, Issued	406,548,757	26,384,673
Common Stock, Shares, Outstanding	406,548,757	26,384,673

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Gross Revenue	$ 1,986,862	$ 386,984
Net Revenue	400,158	79,584
Total Revenue	2,387,020	466,568
Less: Cost of Revenue	370,193	116,911
Cost of Revenue - Related Party	649,578	251,924
Gross Profit	1,367,249	97,733
Operating expenses
Professional fees	356,472	239,572
Professional fees - Related Party	127,957	49,760
Salaries	720,192	59,931
Rent -Related Party	59,144	34,670
Other general and administrative costs	157,076	73,942
Total operating expenses	1,420,841	457,875
Loss from operations	(53,592)	(360,142)
Other Income (Expense)
Interest Expense		(94,140)
Other Income		6,465
Gov't Subsidy	36,712
Loss from Conversion of Preferred Stock to Common Stock	(43,147,786)
Total other expense	(43,111,074)	(447,817)
Net loss before income tax	(43,164,666)	(447,817)
Provision for income taxes	74	1,240
Net loss	$ (43,164,740)	$ (449,057)
- basic and diluted (in Dollars per share)	$ (0.14)	$ (0.02)
- basic and diluted (in Shares)	306,360,531	21,420,725

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net loss for the period	$ (43,164,740)	$ (449,057)
Adjustments to reconcile net income to net cash provided by (used for) operating activities
Depreciation	2,257
Shares Issued for Services		66,100
Debt Discount - BFC		94,140
Loss on conversion of preferred stock to common stock	43,147,786
Changes in assets and liabilities
Accounts Receivable	(168,492)	(258,990)
Other Receivables	(59,631)
Other Receivables - Related Party	(161,731)
Prepaid expenses and other current assets	(287)
Value added tax (VAT)		(2,183)
Accounts Payable	66,336	6,488
Trade Accounts Payable	25,022	63,231
Trade Accounts Payable - Related Party	61,685	22,538
Other Payables	49,892	156,306
Income Tax Payable		1,246
Accrued and Other Liabilities	29,369	(1,935)
Net cash used for operating activities	(172,534)	(302,116)
Cash Flows from Investing Activities
Office Equipment	(12,877)
Net cash used for investing activities	(12,877)
Cash Flows from Financing Activities
Convertible Notes Payable		405,725
Due to related party	38,300	1,635
Sale of common stock	111,833	214,200
Net cash provided by financing activities	150,133	621,560
Net Increase (Decrease) in Cash	(35,278)	319,444
Cash at beginning of period	343,804	24,360
Cash at end of period	308,526	343,804
Supplemental Cash Flow Information:
Income Taxes	73
Supplemental Non-Cash Investing and Financing Transactions
Common Stock issued to reduce convertible notes payable	405,725
Right-of-use assets obtained in exchange for operating lease obligations	$ 61,863	$ 70,214

Statement of the Changes in Sha

Statement of the Changes in Shareholder’s Equity - USD ($)	Common Stock	Preferred Stock	Additional Paid-in Capital	Accumulated Deficit	Subscription Receivable
Balance at Dec. 31, 2019	$ 2,078	$ 8,000	$ 210,980	$ (204,297)	$ 16,761
Balance (in Shares) at Dec. 31, 2019	20,781,700	80,000,000
Shares issued for cash	$ 42		214,157		214,199
Shares issued for cash (in Shares)	428,400
Shares issued for services	$ 51		66,049		66,100
Shares issued for services (in Shares)	512,273
Shares issued for Dividend	$ 466		582,320	(582,786)
Shares issued for Dividend (in Shares)	4,662,300
Beneficial conversion feature of note discount			94,140		94,140
Beneficial conversion feature of note discount (in Shares)
Net Profit/loss				(449,057)	(449,057)
Balance at Dec. 31, 2020	$ 2,637	$ 8,000	1,167,646	(1,236,140)	(57,857)
Balance (in Shares) at Dec. 31, 2020	26,384,673	80,000,000
Shares issued for cash	$ 102		111,731		111,833
Shares issued for cash (in Shares)	1,016,665
Shares issued for Convertible Bonds	$ 370		405,357		405,727
Shares issued for Convertible Bonds (in Shares)	3,688,419
Preferred Shares converted to Common	$ 37,546	$ (8,000)	43,118,240		43,147,786
Preferred Shares converted to Common (in Shares)	375,459,000	(80,000,000)
Net Profit/loss				$ (43,164,740)	$ (43,164,740)

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1 – DESCRIPTION OF BUSINESS Elvictor Group, Inc., formerly known as Thenablers, Inc., (“Elvictor Group, Inc.” or the “Company”) was incorporated in the State of Nevada on November 3, 2017. With the change to the Elvictor name came the addition of the brand and new team in crew management in the shipping industry. The new management team comes from Elvictor (the Greece-based private entity founded in 1977, which is the predecessor to the company whose business became a part of the business of Thenablers in 2019, the “Elvictor Greece”) that has been active across various value-adding activities of the shipping sector, such as ship management, technical management, crewing & crew management. Its professional core of activities includes crew management, and training of qualified crew personnel. With the gradual transfer of existing business from the private entity (Elvictor Greece) to the public (Elvictor Group, Inc.), the Company aims to broaden its scope of activities, expanding on to new areas, while refining the existing ones. Placing prime importance on digitalization, the Company plans on the extensive use of Artificial Intelligence, through the application of Machine and Deep Learning, in concert with the integration of a wide array of cloud systems. The strategic growth of Elvictor Group, Inc. on a horizontal and vertical manner throughout the shipping industry will be reinforced with technologically adept tools, containing know-how and experience. Working on a technologically oriented path, the Company is ideologically flexible and open to other avenues of international business for the successful and profitable diversification of its portfolio. On December 13, 2019, pursuant to the approval of a majority of the voting interests for Thenablers, Inc., the Company filed a Certificate of Amendment with the Secretary of State for Nevada to change its name from “Thenablers, Inc.” to “Elvictor Group, Inc.”, to better reflect new business interests and to further apply for a corporate action with FINRA to have the name change approved and to change the symbol of the Company to “ELVG”. Pursuant to the approval of that application to FINRA, and on February 27, 2020, the name of the Company was changed to Elvictor Group, Inc. on the OTC Markets, and the symbol for trading was changed to “ELVG”. As of July 10, 2020, the Company founded a subsidiary in Vari, Greece to assist the management in facilitating the operations of the Company. Additionally, the Company has purchased Ultra Ship Management, a Company incorporated in the Marshall Islands that is licensed to provide ship management services, who in turn established a subsidiary in Vari, Greece.

Summary of Significant Accounti

Summary of Significant Accounting and Beneficial Conversion Features Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING AND BENEFICIAL CONVERSION FEATURES POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING AND BENEFICIAL CONVERSION FEATURES POLICIES Basis of Presentation The financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in U.S. dollars, unless indicated otherwise. The Company believes that the disclosures in these financial statements are adequate and not misleading. In the opinion of management, the financial statements and notes contain all adjustments necessary for a fair presentation of the Company’s financial position as of December 31, 2021, and 2020, and statements of operations and cash flows for the year ended December 31, 2021, and 2020. The accompanying financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these notes to the financial statements. Principles of Consolidation The consolidated financial statements incorporate the assets and liabilities of all entities controlled by Elvictor Group, Inc. as of December 31, 2021 and 2020, and the results of the controlled subsidiaries in Vari Greece and the Marshall Islands for the year then ended. Elvictor Group, Inc. and its subsidiaries together are referred to in this financial report as the consolidated entity. The effects of all transactions between entities in the consolidated entity are eliminated in full. The financial statements of subsidiaries are prepared for the same reporting period as the parent entity, using consistent accounting policies. Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP”). The Company has adopted a December 31 fiscal year end. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Company considers all cash on hand and in banks, certificates of deposit and other highly liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. Accounts Receivable and Allowance for Doubtful Accounts For the year ended December 31, 2021 and 2020, the Company has operations of crew manning and management and has accounts receivable due from its customers in the shipping industry. Contracts receivable from crew manning in the shipping industry are based on contracted prices. The Company provides an allowance for doubtful collections, which is based upon a review of outstanding receivables, historical collection information, individual credit evaluation and specific circumstances of the customer, and existing economic conditions. The Company does not have an allowance for doubtful accounts as of December 31, 2021 and 2020. Normal contracts receivable is due 30 days after the issuance of the invoice, normally at the month’s end. Receivables past due more than 120 days are considered delinquent and they are included in the provision for doubtful account. There is no interest charged on past due accounts. Property and Equipment Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The office equipment is depreciated over 3 years. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Revenue Recognition The Company recognizes revenue in accordance with FASB ASC 606 upon the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue recognized from contracts with customers is disclosed separately from other sources of revenue. ASC 606 includes guidance on when revenue should be recognized on a Gross (Principal) or Net (Agent) basis. Most of the Company’s revenues are recognized primarily under long-term contracts, including those for which revenues are based on either a fixed price, or cost-plus-fee basis, and primarily as performance obligations are satisfied. Professional services and other ancillary services are delivered, generally on a monthly basis and are separate and distinct deliverables. The Company’s performance obligation is generally satisfied on a monthly basis when its agency and related services are delivered. The Company has the performance obligation to provide a crew for its customers, the shipping companies, and their ship managers. The Company utilizes its proprietary crew management platform to deliver crew management services to the ship owners. This crew management service is a monthly obligation that starts with the first stage of recruitment, to their transfer of crew to the vessel and continues to monitor the crew during the course of the contract until they disembark. Revenue from crew manning services, agency fees and recruiting fees where Elvictor acts as a principal is recognized as gross revenue. When the company is acting as an agent, revenue is recognized as net revenue in the accounting period in which the services are rendered. Such revenues are from Allotment fees, communication, training fees, covid-19 fees and other sundry fees. For all fixed-price contracts, revenue is recognized based on the actual service provided to the end of the reporting period. The accounting treatment for the reporting of revenues may vary materially between whether the revenue is reported on a Principal (Gross) or an Agent (Net) basis. Stock-Based Compensation The measurement and recognition of stock - based compensation expense is based on estimated fair values for all share-based awards made to employees and directors, including stock options and for non-employee equity transactions as per ASC 718 rules. For transactions in which we obtain certain services of employees, directors, and consultants in exchange for an award of equity instruments, we measure the cost of the services based on the grant date fair value of the award. We recognize the cost over the vesting period. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of December 31, 2021 or 2020. Recent Accounting Pronouncements From time to time, the Financial Accounting Standards Board (the “FASB”) or other standards setting bodies issue new accounting pronouncements. The FASB issues updates to new accounting pronouncements through the issuance of an Accounting Standards Update (“ASU”). Unless otherwise discussed, the Company believes that the impact of recently issued guidance, whether adopted or to be adopted in the future, is not expected to have a material impact on the Company’s financial statements upon adoption. Foreign Currency Translation The Company considers the U.S. dollar to be its functional currency as it is the currency of the primary economic environment in which the Company operates. Accordingly, monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect at the balance sheet date and non-monetary assets and liabilities are translated at the exchange rates in effect at the time of acquisition or issue. Revenues and expenses are translated at rates approximating the exchange rates in effect at the time of the transactions. All exchange gains and losses are included in operations. Subsequent Events The Company has analyzed the transactions from December 31, 2021, to the date these financial statements were issued for subsequent event disclosure purposes.

Receivables

Receivables	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
RECEIVABLES	NOTE 3 – RECEIVABLES Trade receivables are amounts due from customers for services performed in the ordinary course of business. Other receivables are mainly for the payments of items such as Home Allotments and Cash Advances to the crews where the Company collects funds from the shipping companies and then facilitates the payments to the crew on their behalf. As of December 31, 2021, the Company has trade accounts receivable of $427,482 and other receivables of $221,362.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS The Company has related party transactions with companies that are owned or controlled by either Mr. Stavros Galanakis, the Vice President and Chairman of the Board of Directors, and Mr. Konstantinos Galanakis, the CEO and Director. The Company has entered into an agreement in October 2020 with related party Elvictor Crew Management Services Ltd in Cyprus to provide human resources services as well as to perform the running and management of the Company’s contracts with third parties and provide key personnel for these services. A total amount of $524,558 has been accrued for the related party Elvictor Crew Management Services Ltd as of December 31, 2021, for cost of services sold, included in the Cost of Revenue – Related Party. As of December 31, 2021, the Company has other receivables - On September 11, 2020, the Company entered into a Manning Agency Agreement with Elvictor Crew Management Service Ltd in Georgia. During the year ended December 31, 2021, the latter provided manning services to the Company of $98,670, included in the Cost of Revenue – Related Party, while as of December 31, 2021, the Company had a liability of $14,565. On September 1, 2020, the Company signed an agreement with Qualiship Georgia Ltd for the latter to provide training of the qualified personnel. For the year ended December 31, 2021, we incurred $244,558 in Cost of Goods Sold that offset Net Revenue, and the amount due to Qualiship Georgia Ltd as of December 31, 2021, was $65,767 included under Trade Accounts Payable – Related Party. On April 1, 2021, we entered into a Software License Agreement with Seatrix Software Production Single Member S.A. in order to have the rights to use crew software that facilitates our operations. We have incurred $106,015 IT expenses included under Professional fees – Related Party and we are liable for the amount of $18,107 presented in due to related party as of December 31, 2021. On September 11, 2020, the Company entered into a Manning Agency Agreement with Elvictor Odessa. During the year ended December 31, 2021, the latter provided manning services to the Company of $26,350, included in the Cost of Revenue – Related Party, while as of December 31, 2021, the Company had a liability of $3,891.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases Disclosure [Abstract]
LEASES	NOTE 5 – LEASES On July 10, 2020, the Company entered into a rental lease agreement with the wife of Mr. Stavros Galanakis for its subsidiary in Vari, Greece. The term of the lease is from July 10, 2020, to December 31, 2021, with a fixed monthly rental payment of €5,000. Then, on April 1, 2021, the rental lease agreement was modified with the new term beginning as of April 1, 2021, and ending on December 31, 2022, with a fixed monthly rental payment of €3,500. On October 1, 2021 the Company entered into a second lease agreement with the wife of Mr. Stavros Galanakis for its new subsidiary in Vari, Greece, for Ultra Ship Management. The term of the lease is from October 1, 2021 to September 30, 2024 with a fixed monthly rental of €1,000. Because we generally do not have access to the rate implicit in the lease, we utilize our incremental borrowing rate as the discount rate. As of December 31, 2021, the discount rate was 2.85%. The Operating Lease Expense is as follows: For the three For the December 31, December 31, Operating Lease expense $ 14,441 $ 58,144 The following table summarizes information related to the lease: For the three months ended For the year ended December 31, December 31, Cash paid for amounts included in the measurement of lease liabilities: Cash payments $ 14,441 $ 58,144

Convertible Notes Payable

Convertible Notes Payable	12 Months Ended
	Dec. 31, 2021
Convertible Notes Payable [Abstract]
CONVERTIBLE NOTES PAYABLE	NOTE 6 – CONVERTIBLE NOTES PAYABLE From October to December 2020, the Company entered into subordinated convertible notes with various investors, whereby the Company borrowed $405,725. The funds were all received in 2020 and had maturity dates three months from their respective issuance dates with no interest accruing throughout the term of the notes. The convertible notes were convertible at a fixed conversion price of $0.11 and the principal amount of the convertible notes was payable at the Company’s option in stock, by requiring the holders to convert their convertible notes into shares of the Company’s common stock, automatically at (a) the end of the three months or (b) the Company issues certain dividends in the form of common stock to existing shareholders. In February 2021, the carrying value of the convertible notes was converted into shares of common stock and the balance in convertible bonds is zero as of December 31, 2021.

Other Payables

Other Payables	12 Months Ended
	Dec. 31, 2021
Other Payables [Abstract]
OTHER PAYABLES	NOTE 7 - OTHER PAYABLES As part of one of the services in the manning of a crew provided by the Company to the shipping companies is that the Company makes the bank transfers of the wages to the crew, on the customer’s behalf. The shipping companies transfer the funds to the Company’s bank account and then the Company makes each payment to indicated crew. In its capacity, the Company will show the balance of the funds received and not yet transferred to the crew as Other Payables on the Balance Sheet. The amount of Other Payables for crew wages is $206,200 as of December 31, 2021. The balance in Other Accounts Payables also consist of $78,320 in Other Creditors and $30,613 in Payroll and Sales Tax Payable as of December 31, 2021.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8 – STOCKHOLDERS’ EQUITY Issuance of Common Stock The Company has 700,000,000, $0.0001 par value shares of common stock authorized. On December 31, 2021, and December 31, 2020, there were 406,548,757 and 26,384,673 common shares issued and outstanding, respectively. For the year ended December 31, 2020, the Company issued a total of 428,400 shares of common stock for cash proceeds of $214,200 and a total of 512,273 shares of common stock for services rendered at a value of $66,100. On February 5, 2021, the Company issued 3,668,419 shares of common stock for convertible notes payable of $405,725. On April 8, 2021, the Company issued exactly 375,459,000 shares of common stock to the holders of the Series A Preferred Stock pursuant to the Settlement Agreement, dated July 7, 2020. Specifically, exactly 217,310,305 shares of restricted common stock were issued to Mr. Konstantinos Galanakis, and 156,271,400 shares of restricted common were issued to Mr. Stavros Galanakis, and 1,877,295 shares of restricted common were issued to Mr. Theofanis Anastasiadis. As a result, there are no shares of Series A Preferred Stock issued and outstanding. Additionally, for the year ended December 31, 2021, the Company issued 1,016,665 shares of common stock for cash proceeds of $111,833. Issuance of Preferred Stock On October 7, 2019, Elvictor Group, Inc. entered into four separate “Series A Convertible Preferred Stock Purchase Agreements” for exactly 80,000,000 shares of a newly designated Series A Preferred Stock, in exchange for an aggregate purchase price of $30,000.00 pursuant to Regulation S of the Securities Act of 1933, as amended. Per the terms of the Agreements, these shares may not be converted for one year after they are issued and shall automatically convert exactly 18 months after the issuance of each share into a number of shares of Common Stock to be determined based on the Company’s performance. The holders of Series A Preferred Stock shall be entitled to vote with the shares of the Company’s Common Stock on any vote in which holders of the Common Stock are entitled to vote and shall have voting rights equal to exactly one vote per share of Series A Preferred Stock. On April 8, 2021, the Company issued exactly 375,459,000 shares of common stock to the holders of the Series A Preferred Stock pursuant to the Settlement Agreement, dated July 7, 2020. As a result, there are no shares of Series A Preferred Stock issued and outstanding as of December 31, 2021. Issuance of Dividends On December 14, 2020, the Company issued 4,662,300 shares of common stock as dividends to the shareholders on record excluding the founders of the Company who have agreed to waive their rights to this dividend. The authorized dividend was 3 shares of common capital stock for each one share of common stock held of the effective on record date of August 5, 2020, at the fair market value of $0.1250 per share.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES The Company entered in a long-term rental lease agreement for offices of its subsidiary branch in Vari, Greece for the period commencing from July 10, 2020, through December 31, 2021, in the amount of €5,000 per month, pro rated for the first month July. The lessor, Mrs. Aikaterini Galanakis, is the wife of the Company’s president, Mr. Stavros Galanakis. As of April 1, 2021, the Company terminated the lease and entered into a new the lease for the period of commencing from April 1, 2021, to December 31, 2022, with a monthly in the amount of €3,500 per month. On October 1, 2021 the Company entered into a second lease agreement with the wife of Mr. Stavros Galanakis for its new subsidiary in Vari, Greece, for Ultra Ship Management. The term of the lease is from October 1, 2021 to September 30, 2024 with a fixed monthly rental of €1,000.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10 – INCOME TAXES The Company’s has an overall net loss and as a result there exists doubt as to the ultimate realization of the deferred tax assets. Accordingly, a valuation allowance equal to the total deferred tax assets has been recorded. The Company had federal net operating loss carry forwards for tax purposes of approximately $581,796 on December 31, 2020, and approximately $669,068 on December 31, 2021, which may be available to offset future taxable income. Utilization of the net operating loss carry forwards may be subject to substantial annual limitations due to the ownership change limitations provided by Section 381 of the Internal Revenue Code of 1986, as amended. The annual limitation may result in the expiration of net operating loss carry forwards before utilization. The provision for income taxes consists of the following: December 31, December 31, 2021 2020 Current: Federal $ - $ - State - - Foreign 3,142 1,020 Total current tax provision $ 3,142 $ 1,020 Deferred: Federal - - State - - Foreign - - Total deferred benefit - - Total provision (benefit) for income tax $ 3,142 $ 1,020

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 11 – SUBSEQUENT EVENT On January 19, 2022, the Company issued 7,000,000 restricted shares of common stock to Seatrix Software Production Single Member S.A., a Company owned and controlled by Mr. Konstantinos Galanakis, pursuant to the Software License Agreement signed on November 15, 2021, for the exclusive and non-transferable license to use the Licensor’s artificial intelligence software in connection with the managing of shipping crews. On January 2022, the Company issued an aggregate of 900,000 shares of Common Stock to certain directors and former directors for past services provided to the Company.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in U.S. dollars, unless indicated otherwise. The Company believes that the disclosures in these financial statements are adequate and not misleading. In the opinion of management, the financial statements and notes contain all adjustments necessary for a fair presentation of the Company’s financial position as of December 31, 2021, and 2020, and statements of operations and cash flows for the year ended December 31, 2021, and 2020. The accompanying financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these notes to the financial statements.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements incorporate the assets and liabilities of all entities controlled by Elvictor Group, Inc. as of December 31, 2021 and 2020, and the results of the controlled subsidiaries in Vari Greece and the Marshall Islands for the year then ended. Elvictor Group, Inc. and its subsidiaries together are referred to in this financial report as the consolidated entity. The effects of all transactions between entities in the consolidated entity are eliminated in full. The financial statements of subsidiaries are prepared for the same reporting period as the parent entity, using consistent accounting policies.
Accounting Basis	Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP”). The Company has adopted a December 31 fiscal year end.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Company considers all cash on hand and in banks, certificates of deposit and other highly liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts For the year ended December 31, 2021 and 2020, the Company has operations of crew manning and management and has accounts receivable due from its customers in the shipping industry. Contracts receivable from crew manning in the shipping industry are based on contracted prices. The Company provides an allowance for doubtful collections, which is based upon a review of outstanding receivables, historical collection information, individual credit evaluation and specific circumstances of the customer, and existing economic conditions. The Company does not have an allowance for doubtful accounts as of December 31, 2021 and 2020. Normal contracts receivable is due 30 days after the issuance of the invoice, normally at the month’s end. Receivables past due more than 120 days are considered delinquent and they are included in the provision for doubtful account. There is no interest charged on past due accounts.
Property and Equipment	Property and Equipment Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The office equipment is depreciated over 3 years.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with FASB ASC 606 upon the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue recognized from contracts with customers is disclosed separately from other sources of revenue. ASC 606 includes guidance on when revenue should be recognized on a Gross (Principal) or Net (Agent) basis. Most of the Company’s revenues are recognized primarily under long-term contracts, including those for which revenues are based on either a fixed price, or cost-plus-fee basis, and primarily as performance obligations are satisfied. Professional services and other ancillary services are delivered, generally on a monthly basis and are separate and distinct deliverables. The Company’s performance obligation is generally satisfied on a monthly basis when its agency and related services are delivered. The Company has the performance obligation to provide a crew for its customers, the shipping companies, and their ship managers. The Company utilizes its proprietary crew management platform to deliver crew management services to the ship owners. This crew management service is a monthly obligation that starts with the first stage of recruitment, to their transfer of crew to the vessel and continues to monitor the crew during the course of the contract until they disembark. Revenue from crew manning services, agency fees and recruiting fees where Elvictor acts as a principal is recognized as gross revenue. When the company is acting as an agent, revenue is recognized as net revenue in the accounting period in which the services are rendered. Such revenues are from Allotment fees, communication, training fees, covid-19 fees and other sundry fees. For all fixed-price contracts, revenue is recognized based on the actual service provided to the end of the reporting period. The accounting treatment for the reporting of revenues may vary materially between whether the revenue is reported on a Principal (Gross) or an Agent (Net) basis.
Stock-Based Compensation	Stock-Based Compensation The measurement and recognition of stock - based compensation expense is based on estimated fair values for all share-based awards made to employees and directors, including stock options and for non-employee equity transactions as per ASC 718 rules. For transactions in which we obtain certain services of employees, directors, and consultants in exchange for an award of equity instruments, we measure the cost of the services based on the grant date fair value of the award. We recognize the cost over the vesting period.
Basic Income (Loss) Per Share	Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of December 31, 2021 or 2020.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, the Financial Accounting Standards Board (the “FASB”) or other standards setting bodies issue new accounting pronouncements. The FASB issues updates to new accounting pronouncements through the issuance of an Accounting Standards Update (“ASU”). Unless otherwise discussed, the Company believes that the impact of recently issued guidance, whether adopted or to be adopted in the future, is not expected to have a material impact on the Company’s financial statements upon adoption.
Foreign Currency Translation	Foreign Currency Translation The Company considers the U.S. dollar to be its functional currency as it is the currency of the primary economic environment in which the Company operates. Accordingly, monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect at the balance sheet date and non-monetary assets and liabilities are translated at the exchange rates in effect at the time of acquisition or issue. Revenues and expenses are translated at rates approximating the exchange rates in effect at the time of the transactions. All exchange gains and losses are included in operations.
Subsequent Events	Subsequent Events The Company has analyzed the transactions from December 31, 2021, to the date these financial statements were issued for subsequent event disclosure purposes.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of operating lease expense	For the three For the December 31, December 31, Operating Lease expense $ 14,441 $ 58,144
Schedule of lease	For the three months ended For the year ended December 31, December 31, Cash paid for amounts included in the measurement of lease liabilities: Cash payments $ 14,441 $ 58,144

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	December 31, December 31, 2021 2020 Current: Federal $ - $ - State - - Foreign 3,142 1,020 Total current tax provision $ 3,142 $ 1,020 Deferred: Federal - - State - - Foreign - - Total deferred benefit - - Total provision (benefit) for income tax $ 3,142 $ 1,020

Summary of Significant Accoun_2

Summary of Significant Accounting and Beneficial Conversion Features Policies (Details)	12 Months Ended
	Dec. 31, 2021
Office Equipment [Member]
Summary of Significant Accounting and Beneficial Conversion Features Policies (Details) [Line Items]
Office equipment is depreciated	3 years

Receivables (Details)

Receivables (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Receivables [Abstract]
Trade accounts receivable	$ 427,482
Other receivables	$ 221,362

Related Party Transactions (Det

Related Party Transactions (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Related Party Transactions (Details) [Line Items]
Due from related parties, current	$ 161,731
Cost of revenue	98,670
Liability amount	14,565
Cost of goods sold	244,558
Trade accounts payable	65,767
Professional fees	106,015
Due to related party	18,107
Elvictor Odessa [Member]
Related Party Transactions (Details) [Line Items]
Cost of revenue	26,350
Liability amount	3,891
Elvictor Crew Management Services Ltd [Member]
Related Party Transactions (Details) [Line Items]
Accrued of related party	$ 524,558

Leases (Details)

Leases (Details)	Jul. 10, 2020	Dec. 31, 2021	Oct. 01, 2021
Leases (Details) [Line Items]
Term of lease description			The term of the lease is from October 1, 2021 to September 30, 2024 with a fixed monthly rental of €1,000.
Discount rate		2.85%
Subsidiary [Member]
Leases (Details) [Line Items]
Lease agreement payment description	the Company entered into a rental lease agreement with the wife of Mr. Stavros Galanakis for its subsidiary in Vari, Greece. The term of the lease is from July 10, 2020, to December 31, 2021, with a fixed monthly rental payment of €5,000. Then, on April 1, 2021, the rental lease agreement was modified with the new term beginning as of April 1, 2021, and ending on December 31, 2022, with a fixed monthly rental payment of €3,500.

Leases (Details) - Schedule of

Leases (Details) - Schedule of operating lease expense - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021
Schedule of operating lease expense [Abstract]
Operating Lease expense	$ 14,441	$ 58,144

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of lease - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Cash payments	$ 14,441	$ 58,144

Convertible Notes Payable (Deta

Convertible Notes Payable (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021
Debt Disclosure [Abstract]
Subordinate convertible notes issued	$ 405,725
Principal amount		$ 0.11

Other Payables (Details)

Other Payables (Details)	Dec. 31, 2021USD ($)
Crew Wages [Member]
Other Payables (Details) [Line Items]
Other notes payable	$ 206,200
Other Creditor [Member]
Other Payables (Details) [Line Items]
Other notes payable	78,320
Payroll and Sales Tax Payable [Member]
Other Payables (Details) [Line Items]
Other notes payable	$ 30,613

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Apr. 08, 2021	Feb. 05, 2021	Dec. 14, 2020	Aug. 05, 2020	Oct. 07, 2019	Dec. 31, 2021	Dec. 31, 2020
Stockholders' Equity (Details) [Line Items]
Common stock, shares authorized						700,000,000	700,000,000
Common stock, par value (in Dollars per share)						$ 0.0001	$ 0.0001
Common stock, shares issued						406,548,757	26,384,673
Common stock, shares outstanding						406,548,757	26,384,673
Issuance of Common Stock [Member]
Stockholders' Equity (Details) [Line Items]
Common stock, shares authorized						700,000,000
Common stock, par value (in Dollars per share)						$ 0.0001
Common stock, shares issued						406,548,757	26,384,673
Common stock for cash, shares						1,016,665
Cash proceeds (in Dollars)						$ 111,833	$ 214,200
Common stock for services, shares							512,273
Common stock for services, value (in Dollars)							$ 66,100
Common stock for convertible notes payable, shares		3,668,419
Common stock for convertible notes payable, value (in Dollars)		$ 405,725
Issuance of Common Stock [Member] | Mr. Konstantinos Galanakis [Member]
Stockholders' Equity (Details) [Line Items]
Common stock issued for preferred stock, shares	217,310,305
Issuance of Common Stock [Member] | Mr. Stavros Galanakis [Member]
Stockholders' Equity (Details) [Line Items]
Common stock issued for preferred stock, shares	156,271,400
Issuance of Common Stock [Member] | Mr. Theofanis Anastasiadis [Member]
Stockholders' Equity (Details) [Line Items]
Common stock issued for preferred stock, shares	1,877,295
Changes in Equity [Member]
Stockholders' Equity (Details) [Line Items]
Common stock for cash, shares							428,400
Issuance of Preferred Stock [Member]
Stockholders' Equity (Details) [Line Items]
Common stock issued for preferred stock, shares	375,459,000
Issuance of Dividends [Member]
Stockholders' Equity (Details) [Line Items]
Common stock issued for dividend, shares			4,662,300
Fair market value (in Dollars per share)				$ 0.125
Series A Convertible Preferred Stock Purchase Agreements [Member] | Issuance of Common Stock [Member]
Stockholders' Equity (Details) [Line Items]
Common stock issued for preferred stock, shares	375,459,000
Series A Convertible Preferred Stock Purchase Agreements [Member] | Issuance of Preferred Stock [Member]
Stockholders' Equity (Details) [Line Items]
Common stock for cash, shares					80,000,000
Common stock for cash, value (in Dollars)					$ 30,000

Commitments and Contingencies (

Commitments and Contingencies (Details)	Apr. 01, 2021	Jul. 10, 2020
Mr. Stavros Galanakis [Member]
Commitments and Contingencies (Details) [Line Items]
Rental lease agreement description		The Company entered in a long-term rental lease agreement for offices of its subsidiary branch in Vari, Greece for the period commencing from July 10, 2020, through December 31, 2021, in the amount of €5,000 per month, pro rated for the first month July.
Lease 2
Commitments and Contingencies (Details) [Line Items]
Rental lease agreement description	As of April 1, 2021, the Company terminated the lease and entered into a new the lease for the period of commencing from April 1, 2021, to December 31, 2022, with a monthly in the amount of €3,500 per month. On October 1, 2021 the Company entered into a second lease agreement with the wife of Mr. Stavros Galanakis for its new subsidiary in Vari, Greece, for Ultra Ship Management. The term of the lease is from October 1, 2021 to September 30, 2024 with a fixed monthly rental of €1,000.

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Net operating loss carry forward	$ 669,068	$ 581,796

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of provision for income taxes - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal
State
Foreign	3,142	1,020
Total current tax provision	3,142	1,020
Deferred:
Federal
State
Foreign
Total deferred benefit
Total provision (benefit) for income tax	$ 3,142	$ 1,020

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member] - shares	Jan. 31, 2022	Jan. 19, 2022
Subsequent Event (Details) [Line Items]
Restricted shares		7,000,000
Aggregate shares	900,000