Elvictor (ELVG) 10-Q 12 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 09, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	ELVICTOR GROUP, INC.
Entity Central Index Key	0001741489
Entity File Number	333-225239
Entity Tax Identification Number	82-3296328
Entity Incorporation, State or Country Code	NV
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	Vassileos Constantinou 79
Entity Address, Address Line Two	Vari
Entity Address, City or Town	Attiki
Entity Address, Country	GR
Entity Address, Postal Zip Code	16672
Entity Phone Fax Numbers [Line Items]
City Area Code	(877)
Local Phone Number	374-4196
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	ELVG
Security Exchange Name	NONE
Entity Common Stock, Shares Outstanding		414,448,757

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash	$ 194,392	$ 699,346
Accounts Receivable	468,834	369,904
Other Receivables	457,385	37,857
Prepaid expenses and other current assets	63,270	138,482
Total Current Assets	1,699,785	1,664,493
Non-current Assets
Intangible Assets, Net	112,074	130,266
Office Equipment, net	13,549	14,358
Total Non-current Assets	373,615	423,342
Total Assets	2,073,400	2,087,835
Current Liabilities
Accounts Payable	15,153	32,312
Trade Accounts Payable	234,188	152,461
Other Payables	719,642	861,878
Accrued and Other Liabilities	262,747	247,926
Total Current Liabilities	1,410,823	1,622,039
Long-term Liabilities
Total Long-term Liabilities	220,380	235,932
Total Liabilities	1,631,202	1,857,971
Stockholders’ Equity
Common stock, par value $0.0001; 700,000,000 common shares authorized; 414,448,757 common shares issued and outstanding both at June 30, 2024 and December 31, 2023	41,445	41,445
Additional paid in capital	45,154,034	45,050,884
Accumulated deficit	(44,753,281)	(44,862,465)
Total Stockholders’ Equity	442,198	229,864
Total Liabilities and Stockholders’ Equity	2,073,400	2,087,835
Related Party
Current Assets
Other Receivables - Related Party	515,904	418,904
Non-current Assets
ROU Asset - Related Party	247,992	278,718
Current Liabilities
Trade Accounts Payable - Related Parties	145,572	194,481
Lease Liability - Current - Related Parties	27,612	42,786
Due to related party	5,909	90,195
Long-term Liabilities
Lease Liability - Non-Current - Related Parties	$ 220,380	$ 235,932

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
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	414,448,757	414,448,757
Common stock, shares outstanding	414,448,757	414,448,757

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Gross Revenue	$ 454,129	$ 468,287	$ 895,455	$ 980,608
Net Revenue	120,005	133,161	251,388	253,090
Total Revenue	574,134	601,448	1,146,843	1,233,698
Less: Cost of Revenue	110,289	107,962	220,892	217,918
Cost of Revenue - Related Party	18,480	17,950	34,940	36,990
Total Cost of Revenue	128,769	125,912	255,832	254,908
Gross Profit	445,365	475,536	891,011	978,790
Operating expenses
Professional fees	83,621	108,906	133,433	163,313
Salaries	265,114	425,404	515,733	788,345
Rent -Related Party	14,534	14,714	29,196	29,203
Bad Debt Expense		3,113		3,113
Depreciation and Amortization	13,803	13,265	27,651	26,174
Other general and administrative costs	39,361	37,791	83,368	97,786
Total operating expenses	416,433	603,193	789,381	1,107,935
Profit/(Loss) from operations	28,932	(127,657)	101,630	(129,145)
Foreign Currency Translation Adjustment	4,197	1,391	8,556	(5,531)
Other Income	6,743		6,799
Total other income (expense)	10,940	1,391	15,355	(5,531)
Net Income/(Loss) before income tax	39,872	(126,266)	116,985	(134,676)
Provision for income taxes (benefit)	7,801		7,801
Net Income/(Loss)	$ 32,071	$ (126,266)	$ 109,184	$ (134,676)
Net Income/(Loss) Per Common Stock
Basic (in Dollars per share)	$ 0	$ 0	$ 0	$ 0
Weighted-average number of shares of common stock outstanding
Basic (in Shares)	414,448,757	414,448,757	414,448,757	414,448,757

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Operations (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Diluted	$ 0	$ 0	$ 0	$ 0
Diluted	414,448,757	414,448,757	414,448,757	414,448,757

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities
Net Income/(Loss )	$ 109,184	$ (134,676)
Adjustments to reconcile net income/(loss) to net cash used in operating activities
Depreciation	5,563	5,346
Amortization	22,088	20,827
Amortization of ROU Asset	39,029	21,849
Changes in assets and liabilities
Accounts Receivable	(98,930)	(110,573)
Other Receivables	(419,528)	(11,622)
Other Receivables - Related Party	(97,000)	(34,000)
Prepaid expenses and other current assets	75,212	(85,602)
Accounts Payable	(17,159)	(7,721)
Trade Accounts Payable	81,727	(144,753)
Trade Accounts Payable - Related Party	(48,909)	96,559
Other Payables	(39,086)	(1,886)
Accrued and Other Liabilities	14,820	102,262
Lease Liability	(39,029)	(21,849)
Due to related party	(84,286)	(18,007)
Net cash used in operating activities	(496,304)	(323,847)
Cash Flows from Investing Activities
Office Equipment	(4,754)	(8,162)
Software	(3,896)
Net cash used in investing activities	(8,650)	(8,162)
Net Decrease in Cash	(504,954)	(332,009)
Cash at beginning of period	699,346	503,981
Cash at end of period	194,392	171,972
Supplemental Cash Flow Information:
Income Taxes
Supplemental Non-Cash Investing and Financing
Adjustment for cancellation of debt – Related Party	103,150
Right-of-use assets obtained in exchange for operating lease obligations		$ 291,467

Unaudited Condensed Statements

Unaudited Condensed Statements of the Changes in Stockholders’ Equity - USD ($)	Common Stock	Preferred Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2022	$ 41,445		$ 45,050,884	$ (44,639,738)	$ 452,591
Balance (in Shares) at Dec. 31, 2022	414,448,757
Net Loss				(8,410)	(8,410)
Balance at Mar. 31, 2023	$ 41,445		45,050,884	(44,648,148)	444,181
Balance (in Shares) at Mar. 31, 2023	414,448,757
Balance at Dec. 31, 2022	$ 41,445		45,050,884	(44,639,738)	452,591
Balance (in Shares) at Dec. 31, 2022	414,448,757
Net Loss					(134,676)
Balance at Jun. 30, 2023	$ 41,445		45,050,884	(44,774,414)	317,915
Balance (in Shares) at Jun. 30, 2023	414,448,757
Balance at Mar. 31, 2023	$ 41,445		45,050,884	(44,648,148)	444,181
Balance (in Shares) at Mar. 31, 2023	414,448,757
Net Loss				(126,266)	(126,266)
Balance at Jun. 30, 2023	$ 41,445		45,050,884	(44,774,414)	317,915
Balance (in Shares) at Jun. 30, 2023	414,448,757
Balance at Dec. 31, 2023	$ 41,445		45,050,884	(44,862,465)	$ 229,864
Balance (in Shares) at Dec. 31, 2023	414,448,757				414,448,757
Net Loss				77,113	$ 77,113
Balance at Mar. 31, 2024	$ 41,445		45,050,884	(44,785,352)	306,977
Balance (in Shares) at Mar. 31, 2024	414,448,757
Balance at Dec. 31, 2023	$ 41,445		45,050,884	(44,862,465)	$ 229,864
Balance (in Shares) at Dec. 31, 2023	414,448,757				414,448,757
Net Loss					$ 109,184
Balance at Jun. 30, 2024	$ 41,445		45,154,034	(44,753,281)	$ 442,198
Balance (in Shares) at Jun. 30, 2024	414,448,757				414,448,757
Balance at Mar. 31, 2024	$ 41,445		45,050,884	(44,785,352)	$ 306,977
Balance (in Shares) at Mar. 31, 2024	414,448,757
Adjustment for cancellation of debt			103,150		103,150
Net Loss				32,701	32,071
Balance at Jun. 30, 2024	$ 41,445		$ 45,154,034	$ (44,753,281)	$ 442,198
Balance (in Shares) at Jun. 30, 2024	414,448,757				414,448,757

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2024
Description of Business [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 a 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, most significantly, ship management, technical management, crewing & crew management. The Company’s professional core of activities includes crew management, training and the creation of in-house software related to crew and ship matters, for the amelioration of all its operations, facilitating both its employees and those that depend on them. 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 the Company 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 flexible and open to other avenues of international business for the successful and profitable diversification of its portfolio. On December 13, 2019, the Company filed a Certificate of Amendment with the Nevada Secretary of State to change its name from “Thenablers, Inc.” to “Elvictor Group, Inc.” (the “Name Change”), to better reflect its new business interests. On February 25,2020, FINRA approved the Name Change and the Company’s new stock symbol “ELVG”. As of July 10, 2020, the Company founded Elvictor Group Hellas Single Member S.A., a subsidiary in Vari, Greece, to assist the management in facilitating the Company’s operations. Additionally, the Company purchased Ultra Ship Management, a Marshall Islands company that is licensed to provide ship management services, and which established their own subsidiary in Vari, Greece. In January 2022, the Company established its fully owned subsidiary, ELVG Crew Management Ltd, incorporated in Cyprus, to facilitate its crew management operations.

Summary of Significant Accounti

Summary of Significant Accounting and Beneficial Conversion Features Policies	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting and Beneficial Conversion Features 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 accompanying Unaudited condensed consolidated financial statements (“financial statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and have been consistently applied. Certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP, but which are not required for interim reporting purposes, have been omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to present fairly the financial position as of June 30, 2024, and the results of operations and cash flows for the interim periods ended June 30, 2024, and 2023, have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on June 30, 2024. Operating results for the six months ended June 30, 2024, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024. Principles of Consolidation The unaudited condensed consolidated financial statements incorporate the assets and liabilities of all entities controlled by Elvictor Group, Inc as of June 30, 2024, and the results of the controlled subsidiaries in Vari Greece, the Marshall Islands and Cyprus for the six months then ended. Elvictor Group, Inc and its subsidiaries together are referred to in this financial report as the unaudited condensed consolidated entity. The effects of all transactions between entities in the unaudited condensed consolidated entity are eliminated in full. The unaudited condensed consolidated 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 unaudited condensed consolidated 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 unaudited condensed consolidated 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 The company considers all cash on hand and in banks, certificates of deposit and other highly liquid investments with maturities of a year or less, when purchased, to be cash and cash equivalents. Accounts Receivable and Allowance for Doubtful Accounts For the Six Months Ended June 30, 2024, 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 June 30, 2024. 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. Intangible Assets Intangible assets acquired are initially recognized at their fair value on the acquisition date. Subsequent to initial recognition, intangible assets are reported at cost less accumulated amortization and accumulated impairment losses, if any. These assets are being amortized over their useful life of five 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 unaudited condensed consolidated 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. 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 per share is calculated by dividing the Company’s net income/(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 June 30, 2024. 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 unaudited condensed consolidated 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 June 30, 2024, to the date these unaudited condensed consolidated financial statements were issued for subsequent event disclosure purposes.

Receivables

Receivables	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024, the Company has trade accounts receivable of $468,834, Other Receivables of $457,385 and Other Receivables from Related Parties of $515,904.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2024
Intangible Assets [Abstract]
INTANGIBLE ASSETS	NOTE 4 – INTANGIBLE ASSETS As of June 30, 2024, and December 31, 2023, Intangible assets consisted of the following: Useful life June 31, December 31, At cost: Software platform 5 years $ 210,000 $ 210,000 Software Programs 3 years 9,275 5,378 Less: accumulated amortization (107,201 ) (85,112 ) $ 112,074 $ 130,266 On November 15, 2021, the Company entered into a subscription agreement with Seatrix Software Production Single Member S.A, a related party company, to issue 7,000,000 restricted common shares for the purchase of license software, equal to the aggregate of $210,000 at the stated value of $0.03 per share. Under this agreement, Seatrix grants the Company an exclusive and non-transferable license to use their artificial intelligence software managing shipping crews. The term of this agreement began on January 1, 2022. The value of each common share was stated at $0.03, the FMV that the shares were trading as of January 3, 2022. The total value of $210,000 was amortized over its useful life of 5 years and the amortization began on January 1, 2022. Intangible assets are measured initially at cost. After initial recognition, an entity usually measures an intangible asset at cost less accumulated amortization. Additionally, the Company has acquired software programs with a total cost of $3,896 for the six months ended June 30, 2024. Amortization of intangible assets attributable to future periods is as follows: Schedule of Amortization of intangible assets Year ending December 31: Amount 2024 $ 22,708 2025 45,044 2026 43,938 2027 383 $ 112,074 The amortization of Intangible assets was $107,201 and $85,112 as of June 30, 2024, and December 31, 2023, respectively.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 – 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. However, this agreement was terminated in the first quarter of 2022 since the formation of the new wholly owned Cypriot subsidiary. A total amount of $0 has been expensed for the related party Elvictor Crew Management Services Ltd as of June 30, 2024, for the cost of services sold, included in the Cost of Revenue- Related Party. As of June 30, 2024, 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 period ended June 30, 2024, the latter provided manning services to the Company of $112,917, included in the Cost of Revenue – Related Party and Net Revenue, while as of June 30, the Company had a liability of $24,119 compared to a liability of $112,801 as of December 31, 2023. On September 1, 2020, the Company signed an agreement with Qualship Georgia Ltd for the latter to provide training of qualified personnel. For the Six Months Ended June 30, 2024, we incurred $74,038 in Cost of Goods Sold that offset Net Revenue, and the amount due to Qualship Georgia Ltd as of June 30, 2024, was $120,073 included under Trade Accounts Payable – Related Party compared to an amount equal to $81,860 as of December 31, 2023. On September 11, 2020, the Company entered into a Manning Agency Agreement with Elvictor Odessa. During the period ended June 30, 2024, the latter provided manning services to the Company of $8,390, included in the Cost of Revenue – Related Party and Net Revenue, and amount due to Elvictor Odessa as of June 30, 2024, was $1,380 included under Trade Accounts Payable – Related Party compared to an amount equal to $0 as of December 31, 2023. As disclosed in Note 4 above, the Company entered into an agreement with Seatrix Software Production Single Member S.A. to provide software development services. For the Six Months Ended June 30, 2024, the Company has a balance of $0 due which was equal to the $0 balance as of December 31, 2023. On June 30, 2024, the Company signed an agreement with Elvictor Crew Management Service Ltd in Georgia, based on which the latter agreed to forgive and cancel an amount of $103,150 due from the Company. The aforementioned debt cancellation agreement reduced the Company’s liability to Elvictor Crew Management Service Ltd from $127,269 to $24,119 as of June 30, 2024.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
LEASES	NOTE 6 – 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€. Then 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 December 31, 2024, with a fixed monthly rental of 1,000€. In January 2023, the Company renewed the office lease for its subsidiary in Vari, Greece. The Company accounted for its new lease as an operating lease under the guidance of Topic 872. The new lease is 3,500€ per month, with no annual increase during the 8-year term. The Company used an incremental borrowing rate of 4.92% based on the average interest rate of corporate loans in Greece from the Bank of Greece. At the lease inception the company recorded a Right of Use Asset of $291,467 and a corresponding Lease Liability of $291,467. Total future minimum payments required under the lease agreements are as follows: ELVG Hellas Ultra Mgmt. Total Amount Amount 2024 $ 22,482 $ 3,212 $ 25,693 2025 44,963 44,963 2026 44,963 44,963 2027 44,963 44,963 2028 44,963 44,963 Thereafter 89,927 89,927 Total undiscounted minimum future lease payments 292,263 3,212 295,474 Less Imputed interest (47,394 ) (89 ) (47,483 ) Present value of operating lease liabilities $ 244,869 $ 3,123 $ 247,992 Disclosed as: Current portion 24,489 3,123 27,612 Non-current portion $ 220,380 $ - $ 220,380 The Company recorded rent expenses of $29,196 and $29,203 for the six months ended June 30, 2024, and 2023, respectively.

Other Payables

Other Payables	6 Months Ended
	Jun. 30, 2024
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 the Company making 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 was $719,642 as of June 30, 2024, compared to $861,878 as of December 31, 2023.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Stockholders Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8 – STOCKHOLDERS’ EQUITY Issuance of Common Stock The Company has 700,000,000, ($0.0001 par value) authorized shares of common stock. On June 30, 2024, there were 414,448,757 common stock shares issued and outstanding. On February 5, 2021, the Company issued 3,668,419 shares of common stock for convertible notes payable of $405,725. On July 7, 2020 the Company entered into a Settlement Agreement and Release with the holders of the Series A Preferred Stock, Konstantinos Galanakis and Stavros Galanakis, having 46,702,857 and 33,297,143 shares each, respectively (the “Preferred Holders”), whereby the Preferred Holders agreed to cancel all shares of Series A Preferred in exchange for 95% of the common stock held as an aggregate of the holdings of the founding shareholders plus the shares to be issued to the Preferred Holders the earliest of a) the Company showing pro forma 12 month revenues in excess of $3,000,000; b) the successful raising of funds through equity or debt in excess of $10,000,000; or 9 months from the date of execution (the “Settlement Agreement”). The Settlement Agreement is further conditioned upon the execution of a non-compete agreement between the Company and the Preferred Holders preventing them from competing in crew and ship management. In conjunction therewith, on April 8, 2021, the Company issued 375,459,000 common stock shares to the holders of the Series A Preferred Stock pursuant to the July 7, 2020 Settlement Agreement, and further to the conversion of those preferred stock shares to common stock shares. Specifically, 217,310,305 restricted common stock shares were issued to Konstantinos Galanakis, 156,271,400 restricted common stock shares were issued to Stavros Galanakis, and 1,877,295 restricted common stock shares were issued to Theofanis Anastasiadis. As a result, there were no shares of Series A Preferred Stock issued and outstanding as of June 30, 2024 and as of December 31, 2023. 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 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, 217,310,305 shares of restricted common stock were issued to Konstantinos Galanakis, 156,271,400 shares of restricted common were issued to Stavros Galanakis, and 1,877,295 shares of restricted common were issued to Theofanis Anastasiadis. As a result, there are no Additionally, for the year ended December 31, 2021, the Company issued 1,016,665 shares of common stock for cash proceeds of $111,833. On January 19, 2022, the Company issued 7,000,000 restricted shares of common stock with a value of $210,000 to Seatrix Software Production Single Member S.A., a Company owned and controlled by Konstantinos Galanakis, pursuant to the November 15, 2021, Software License Agreement, 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 19, 2022, the Company issued an aggregate of 900,000 shares of Common Stock with a value equal to $38,700 at the time to certain directors and former directors for past services provided to the Company. Issuance of Preferred Stock On October 7, 2019, the Company entered into four separate “Series A Convertible Preferred Stock Purchase Agreements” for 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. These agreements provide that these shares cannot be converted for one year after they were issued. The shares were automatically converted into 375,459,000 shares of Common Stock on April 8, 2021, which was 18 months after their issuance. As a result, there are no shares of Series A Preferred Stock issued and outstanding as of June 30, 2024.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies [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, the first month July was adjusted for the shortened period. The lessor, Aikaterini Galanakis, is the wife of the Company’s president, Stavros Galanakis. Then as of April 1, 2021, the Company terminated the lease and entered into a new lease for the period commencing from April 1, 2021, to December 31, 2022, with an amount of 3,500€ per month. This specific lease was renewed for an 8-year term commencing on January 1, 2023, and terminating on December 31, 2030. On October 1, 2021, the Company entered into a second lease agreement with the wife of Stavros Galanakis for its new subsidiary, Ultra Ship Management, in Vari, Greece. The term of the lease is from October 1, 2021, to December 31, 2024, with a fixed monthly rental of 1,000€.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Taxes [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 $1,118,000 on December 31, 2023, and approximately $1,014,000 on June 30, 2024, 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. Net deferred tax assets consist of the following components as of June 30, 2024, and December 31, 2023 2024 % 2023 Deferred tax assets: NOL Carryover $ 212,870 $ 190,664 Sub Total $ 212,870 $ 190,664 Valuation Allowance $ (212,870 ) $ (190,664 ) Net Deferred Tax Asset $ - $ - The provision for income taxes consists of the following for the subsidiaries in Greece and Cyprus: June 30, December 31, 2024 2023 Current: Federal $ - $ - State - - Foreign - Current 7,801 29,621 Foreign - Prior Year - 2,285 Total current tax provision $ 7,801 $ 31,906 Deferred: Federal - - State - - Foreign - - Total deferred benefit - - Total provision (benefit) for income tax $ 7,801 $ 31,906

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 11 – SUBSEQUENT EVENT The Company has analyzed its operations subsequent to June 30, 2024, through the date of this filing of these unaudited condensed consolidated financial statements and has determined that there are no material subsequent events to these unaudited condensed consolidated financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 32,071	$ 77,113	$ (126,266)	$ (8,410)	$ 109,184	$ (134,676)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting and Beneficial Conversion Features Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Unaudited condensed consolidated financial statements (“financial statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and have been consistently applied. Certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP, but which are not required for interim reporting purposes, have been omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to present fairly the financial position as of June 30, 2024, and the results of operations and cash flows for the interim periods ended June 30, 2024, and 2023, have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on June 30, 2024. Operating results for the six months ended June 30, 2024, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024.
Principles of Consolidation	Principles of Consolidation The unaudited condensed consolidated financial statements incorporate the assets and liabilities of all entities controlled by Elvictor Group, Inc as of June 30, 2024, and the results of the controlled subsidiaries in Vari Greece, the Marshall Islands and Cyprus for the six months then ended. Elvictor Group, Inc and its subsidiaries together are referred to in this financial report as the unaudited condensed consolidated entity. The effects of all transactions between entities in the unaudited condensed consolidated entity are eliminated in full. The unaudited condensed consolidated 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 unaudited condensed consolidated 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 unaudited condensed consolidated 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 The company considers all cash on hand and in banks, certificates of deposit and other highly liquid investments with maturities of a year 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 Six Months Ended June 30, 2024, 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 June 30, 2024. 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.
Intangible Assets	Intangible Assets Intangible assets acquired are initially recognized at their fair value on the acquisition date. Subsequent to initial recognition, intangible assets are reported at cost less accumulated amortization and accumulated impairment losses, if any. These assets are being amortized over their useful life of five 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 unaudited condensed consolidated 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. 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 per share is calculated by dividing the Company’s net income/(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 June 30, 2024.
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 unaudited condensed consolidated 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 June 30, 2024, to the date these unaudited condensed consolidated financial statements were issued for subsequent event disclosure purposes.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible Assets [Abstract]
Schedule of Intangible Assets	As of June 30, 2024, and December 31, 2023, Intangible assets consisted of the following: Useful life June 31, December 31, At cost: Software platform 5 years $ 210,000 $ 210,000 Software Programs 3 years 9,275 5,378 Less: accumulated amortization (107,201 ) (85,112 ) $ 112,074 $ 130,266
Schedule of Amortization of intangible assets	Schedule of Amortization of intangible assets Year ending December 31: Amount 2024 $ 22,708 2025 45,044 2026 43,938 2027 383 $ 112,074

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Lease Agreements	Total future minimum payments required under the lease agreements are as follows: ELVG Hellas Ultra Mgmt. Total Amount Amount 2024 $ 22,482 $ 3,212 $ 25,693 2025 44,963 44,963 2026 44,963 44,963 2027 44,963 44,963 2028 44,963 44,963 Thereafter 89,927 89,927 Total undiscounted minimum future lease payments 292,263 3,212 295,474 Less Imputed interest (47,394 ) (89 ) (47,483 ) Present value of operating lease liabilities $ 244,869 $ 3,123 $ 247,992 Disclosed as: Current portion 24,489 3,123 27,612 Non-current portion $ 220,380 $ - $ 220,380

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
Schedule of Net Deferred Tax Assets	Net deferred tax assets consist of the following components as of June 30, 2024, and December 31, 2023 2024 % 2023 Deferred tax assets: NOL Carryover $ 212,870 $ 190,664 Sub Total $ 212,870 $ 190,664 Valuation Allowance $ (212,870 ) $ (190,664 ) Net Deferred Tax Asset $ - $ -
Schedule of Provision for Income Taxes	The provision for income taxes consists of the following for the subsidiaries in Greece and Cyprus: June 30, December 31, 2024 2023 Current: Federal $ - $ - State - - Foreign - Current 7,801 29,621 Foreign - Prior Year - 2,285 Total current tax provision $ 7,801 $ 31,906 Deferred: Federal - - State - - Foreign - - Total deferred benefit - - Total provision (benefit) for income tax $ 7,801 $ 31,906

Summary of Significant Accoun_2

Summary of Significant Accounting and Beneficial Conversion Features Policies (Details)	Jun. 30, 2024
Summary of Significant Accounting and Beneficial Conversion Features Policies [Abstract]
Office equipment is depreciated	3 years
Amortized useful life	5 years

Receivables (Details)

Receivables (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Receivables [Line Items]
Accounts receivable	$ 468,834	$ 369,904
Other receivables	457,385	37,857
Related Party [Member]
Receivables [Line Items]
Other Receivables from Related Parties	$ 515,904	$ 418,904

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)			6 Months Ended	12 Months Ended
	Jan. 19, 2022	Nov. 15, 2021	Jun. 30, 2024	Dec. 31, 2022	Dec. 31, 2023	Jan. 03, 2022
Intangible Assets [Line Items]
Restricted common share value (in Shares)	7,000,000
Aggregate value	$ 210,000
Stated value (in Dollars per share)			$ 0.0001		$ 0.0001
Software programs total cost			$ 3,896
Amortization of Intangible assets			$ 107,201		$ 85,112
License Software [Member]
Intangible Assets [Line Items]
Restricted common share value (in Shares)		7,000,000
Aggregate value		$ 210,000
Stated value (in Dollars per share)		$ 0.03
Artificial Intelligence Software [Member]
Intangible Assets [Line Items]
Stated value (in Dollars per share)						$ 0.03
Amortization of intangible assets				$ 210,000
Amortized useful life				5 years

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of Intangible Assets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
At cost:
Less: accumulated amortization	$ (107,201)	$ (85,112)
Intangible Assets	$ 112,074	130,266
Software platform [Member]
At cost:
Intangible Assets, useful life	5 years
Intangible Assets, gross	$ 210,000	210,000
Software programs [Member]
At cost:
Intangible Assets, useful life	3 years
Intangible Assets, gross	$ 9,275	$ 5,378

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of Amortization of Intangible Assets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Amortization of Intangible Assets [Abstract]
2024	$ 22,708
2025	45,044
2026	43,938
2027	383
Intangible Assets	$ 112,074	$ 130,266

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transactions [Line Items]
Balance due			$ 0		$ 0
Cost of revenue	$ 128,769	$ 125,912	255,832	$ 254,908
Debt cancellation			103,150
Related Party [Member]
Related Party Transactions [Line Items]
Other receivables - related party	515,904		515,904		418,904
Cost of revenue			112,917
Cost of goods sold			74,038
Elvictor Crew Management Service Ltd [Member]
Related Party Transactions [Line Items]
Balance due			0
Liability	24,119		24,119		112,801
Debt cancellation			103,150
Qualship Georgia Ltd [Member]
Related Party Transactions [Line Items]
Trade account payable	120,073		120,073		81,860
Elvictor Odessa [Member]
Related Party Transactions [Line Items]
Trade account payable	$ 1,380		1,380		$ 0
Elvictor Odessa [Member] | Related Party [Member]
Related Party Transactions [Line Items]
Cost of revenue			8,390
Maximum [Member] | Elvictor Crew Management Service Ltd [Member]
Related Party Transactions [Line Items]
Debt cancellation			127,269
Minimum [Member] | Elvictor Crew Management Service Ltd [Member]
Related Party Transactions [Line Items]
Debt cancellation			$ 24,119

Leases (Details)

Leases (Details)		3 Months Ended		6 Months Ended		18 Months Ended	21 Months Ended	39 Months Ended
	Jan. 31, 2023 EUR (€)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2022 EUR (€)	Dec. 31, 2024 EUR (€)
Leases [Line Items]
Rental payment | €						€ 5,000	€ 3,500
Right of use assets lease liability					$ 291,467
Rent expense		$ 14,534	$ 14,714	$ 29,196	$ 29,203
Greece [Member]
Leases [Line Items]
Rental payment | €	€ 3,500
Lease term	8 years
Incremental borrowing rate		4.92%		4.92%
Right of use assets lease liability				$ 291,467
Lease liability		$ 291,467		$ 291,467
Forecast [Member]
Leases [Line Items]
Rental payment | €								€ 1,000

Leases (Details) - Schedule of

Leases (Details) - Schedule of Lease Agreements	Jun. 30, 2024 USD ($)
ELVG Hellas [Member]
Schedule of Lease Agreements [Line Items]
2024	$ 22,482
2025	44,963
2026	44,963
2027	44,963
2028	44,963
Thereafter	89,927
Total undiscounted minimum future lease payments	292,263
Less Imputed interest	(47,394)
Present value of operating lease liabilities	244,869
Disclosed as:
Current portion	24,489
Non-current portion	220,380
Ultra Mgmt [Member]
Schedule of Lease Agreements [Line Items]
2024	3,212
Total undiscounted minimum future lease payments	3,212
Less Imputed interest	(89)
Present value of operating lease liabilities	3,123
Disclosed as:
Current portion	3,123
Non-current portion
Lease Agreements [Member]
Schedule of Lease Agreements [Line Items]
2024	25,693
2025	44,963
2026	44,963
2027	44,963
2028	44,963
Thereafter	89,927
Total undiscounted minimum future lease payments	295,474
Less Imputed interest	(47,483)
Present value of operating lease liabilities	247,992
Disclosed as:
Current portion	27,612
Non-current portion	$ 220,380

Other Payables (Details)

Other Payables (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Other Payables [Abstract]
Other payables	$ 719,642	$ 861,878

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)

6 Months Ended

12 Months Ended

Jan. 19, 2022

Apr. 08, 2021

Feb. 05, 2021

Jul. 07, 2020

Oct. 07, 2019

Jun. 30, 2024

Dec. 31, 2021

Mar. 31, 2024

Dec. 31, 2023

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2022

Stockholders Equity [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 shares issued

414,448,757

414,448,757

Common shares outstanding

414,448,757

414,448,757

Revenues (in Dollars)

$ 3,000,000

Debt excess (in Dollars)

$ 10,000,000

Restricted common stock

7,000,000

Convertible notes payable (in Dollars)

$ 405,725

Cash proceeds (in Dollars)

$ 111,833

Restricted share of common stock, value (in Dollars)

$ 210,000

Stock Issued During Period, Shares, New Issues

80,000,000

Aggregate purchase price (in Dollars)

$ 30,000

Converted shares

375,459,000

Common Stock [Member]

Stockholders Equity [Line Items]

Common shares issued

3,668,419

1,016,665

Common shares outstanding

414,448,757

414,448,757

414,448,757

414,448,757

414,448,757

414,448,757

Convertible notes payable (in Dollars)

$ 405,725

Stavros Galanakis [Member]

Stockholders Equity [Line Items]

Restricted common stock

156,271,400

Theofanis Anastasiadis [Member]

Stockholders Equity [Line Items]

Restricted common stock

1,877,295

Convertible Debt [Member]

Stockholders Equity [Line Items]

Common shares issued

3,668,419

Directors and Former Directors [Member]

Stockholders Equity [Line Items]

Aggregate shares

900,000

Shares issued for services (in Dollars)

$ 38,700

Series A Preferred Stock [Member]

Stockholders Equity [Line Items]

Common shares issued

375,459,000

Preferred stock, issued

Series A preferred exchange percentage

95%

Preferred stock, outstanding

Series A Preferred Stock [Member] | Restricted Stock [Member]

Stockholders Equity [Line Items]

Common shares issued

375,459,000

Series A Preferred Stock [Member] | Konstantinos Galanakis [Member]

Stockholders Equity [Line Items]

Preferred stock, issued

46,702,857

Restricted common stock

217,310,305

Series A Preferred Stock [Member] | Stavros Galanakis [Member]

Stockholders Equity [Line Items]

Preferred stock, issued

33,297,143

Restricted common stock

156,271,400

Series A Preferred Stock [Member] | Theofanis Anastasiadis [Member]

Stockholders Equity [Line Items]

Restricted common stock

1,877,295

Restricted Stock [Member] | Konstantinos Galanakis [Member]

Stockholders Equity [Line Items]

Restricted common stock

217,310,305

Commitments and Contingencies (

Commitments and Contingencies (Details) - EUR (€)	18 Months Ended	21 Months Ended	39 Months Ended
	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2024	Jan. 01, 2023
Commitments and Contingencies [Line Items]
New lease	€ 5,000	€ 3,500
Lease renewed term				8 years
Monthly payment	€ 5,000	€ 3,500
Forecast [Member]
Commitments and Contingencies [Line Items]
Monthly payment			€ 1,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Income Taxes [Abstract]
Operating loss carry forwards	$ 1,014,000	$ 1,118,000

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Net Deferred Tax Assets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Deferred tax assets:
NOL Carryover	$ 212,870	$ 190,664
Sub Total	212,870	190,664
Valuation Allowance	(212,870)	(190,664)
Net Deferred Tax Asset

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Provision for Income Taxes - USD ($)	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Current:
Federal
State
Foreign - Current			7,801	29,621
Foreign - Prior Year				2,285
Total current tax provision			7,801	31,906
Deferred:
Federal
State
Foreign
Total deferred benefit
Total provision (benefit) for income tax	$ 7,801		$ 7,801	$ 31,906