Elite Performance Holding (BYLT) 10-Q 3 Nov 21 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2020	Nov. 03, 2021
Cover [Abstract]
Entity Registrant Name	Elite Performance Holding Corp .
Entity Central Index Key	0001753681
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Sep. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		98,626,300
Document Quarterly Report	true
Entity Interactive Data Current	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash	$ 1,545	$ 16,884
Accounts receivable	192	0
Inventory	10,128	152,330
Prepaid expenses	0	2,638
Total Current Assets	11,865	171,852
License Agreement (net of $10,000 impairment)	0	0
TOTAL ASSETS	11,865	171,852
CURRENT LIABILITIES
Accounts payable	561,049	247,194
Accounts payable and accrued expenses related party	196,853	306,564
Accrued expenses	83,149	27,694
Convertible note payable (net of debt discount)	484,837	309,030
Note payable - related party	0	209,937
Total Current Liabilities	1,325,888	1,100,419
Long-term Liabilities
PPP loan	201,352	0
Total long-term liabilities	201,352	0
Total Liabilities	1,527,240	1,100,419
Commitments and Contingencies	0	0
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock; $0.0001 par value, 35,000,000 shares authorized, 10,000,000 shares issued and outstanding as of September 30, 2020 and December 31, 2019 respectively	1,000	1,000
Common stock; $0.0001 par value, 465,000,000 shares authorized, 71,524,300 and 64,924,300 issued and outstanding as of September 30, 2020 and December 31, 2019	7,152	6,492
Shares to be issued	668,150	856,722
Additional paid-in capital	1,410,202	641,317
Accumulated deficit	(3,601,879)	(2,434,098)
Total Stockholders' Equity (Deficit)	(1,515,375)	(928,567)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 11,865	$ 171,852

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Consolidated Balance Sheets
Impairment	$ 10,000	$ 10,000
Stockholders' Equity (Deficit):
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	465,000,000	465,000,000
Common stock, shares issued	71,524,300	64,924,300
Common stock, shares outstanding	71,524,300	64,924,300
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	35,000,000	35,000,000
Preferred stock, shares issued	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Consolidated Statements of Operations (unaudited)
REVENUES	$ 9,798	$ 10,468	$ 42,153	$ 29,855
COST OF GOODS SOLD	169,587	26,270	309,222	47,232
GROSS PROFIT	(159,789)	(15,802)	(267,069)	(17,377)
OPERATING EXPENSES
Legal and accounting	36,076	10,195	62,513	49,669
Advertising	30,877	234,628	257,478	518,108
Consulting	44,082	211,013	303,629	502,846
General and administrative	56,970	43,021	182,034	105,058
Total Operating Expenses	168,005	498,857	805,654	1,175,681
OPERATING LOSS	(327,794)	(514,659)	(1,072,723)	(1,193,058)
OTHER INCOME (EXPENSE)
Loss on impairment of assets	(10,000)	0	(10,000)	0
Interest expense	(25,965)	(21,782)	(85,058)	(132,227)
Total Other Income (Expense)	(35,965)	(21,782)	(95,058)	(132,227)
NET LOSS	$ (363,759)	$ (536,441)	$ (1,167,781)	$ (1,325,285)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	66,135,170	60,549,207	65,585,249	57,648,304

Consolidated Statement of Stock

Consolidated Statement of Stockholders Equity (Deficit) (Unaudited) - USD ($)	Total	Common Stock	Preferred Stock	Shares to be issued	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2018		55,780,000	10,000,000
Balance, amount at Dec. 31, 2018	$ (524,396)	$ 5,578	$ 1,000	$ 4,000	$ 185,015	$ (719,989)
Subscription shares issued for cash, shares		40,000
Subscription shares issued for cash, amount	0	$ 4	0	(2,000)	1,996	0
Shares issued for finance fees, shares		400,000
Shares issued for finance fees, amount	20,000	$ 40	0	0	19,960	0
Net loss	(385,255)	$ 0	$ 0	0	0	(385,255)
Balance, shares at Mar. 31, 2019		56,220,000	10,000,000
Balance, amount at Mar. 31, 2019	(889,651)	$ 5,622	$ 1,000	2,000	206,971	(1,105,244)
Balance, shares at Dec. 31, 2018		55,780,000	10,000,000
Balance, amount at Dec. 31, 2018	(524,396)	$ 5,578	$ 1,000	4,000	185,015	(719,989)
Net loss	(1,325,285)
Balance, shares at Sep. 30, 2019		60,814,300	10,000,000
Balance, amount at Sep. 30, 2019	(739,693)	$ 6,081	$ 1,000	862,273	436,227	(2,045,274)
Balance, shares at Dec. 31, 2018		55,780,000	10,000,000
Balance, amount at Dec. 31, 2018	(524,396)	$ 5,578	$ 1,000	4,000	185,015	(719,989)
Balance, shares at Dec. 31, 2019		64,924,300	10,000,000
Balance, amount at Dec. 31, 2019	(928,567)	$ 6,492	$ 1,000	856,722	641,317	(2,434,098)
Balance, shares at Mar. 31, 2019		56,220,000	10,000,000
Balance, amount at Mar. 31, 2019	(889,651)	$ 5,622	$ 1,000	2,000	206,971	(1,105,244)
Net loss	(403,589)	0	0	0	0	(403,589)
Subscriptions received	477,000	0	0	477,000	0	0
Shares to be issued for services, amount	13,353	0	0	13,353	0	0
Shares to be issued for debt conversion	124,715	$ 0	$ 0	124,715	0	0
Balance, shares at Jun. 30, 2019		56,220,000	10,000,000
Balance, amount at Jun. 30, 2019	(678,172)	$ 5,622	$ 1,000	617,068	206,971	(1,508,833)
Net loss	(536,441)					(536,441)
Subscriptions received	425,200	0	0	425,200	0	0
Shares to be issued for services, amount	47,220	$ 0	$ 0	47,220	0	0
Shares issued for services, shares		50,000
Shares issued for services, amount	2,500	$ 5	$ 0	0	2,495	0
Shares issued for subscriptions, shares		4,544,300
Balance, shares at Sep. 30, 2019		60,814,300	10,000,000
Balance, amount at Sep. 30, 2019	(739,693)	$ 6,081	$ 1,000	862,273	436,227	(2,045,274)
Balance, shares at Dec. 31, 2019		64,924,300	10,000,000
Balance, amount at Dec. 31, 2019	(928,567)	$ 6,492	$ 1,000	$ 856,722	641,317	(2,434,098)
Shares issued for finance fees, shares		400,000
Shares issued for finance fees, amount	5,000	$ 40	$ 0	$ 0	4,990	0
Net loss	(395,701)	0	0	0	0	(395,701)
Subscriptions received	$ 64,000	$ 0	$ 0	$ 64,000	$ 0	$ 0
Shares issued for services, shares	20,000	100,000			19,960
Shares issued for services, amount		$ 10	$ 0
Balance, shares at Mar. 31, 2020		65,424,300	10,000,000
Balance, amount at Mar. 31, 2020	$ (1,235,268)	$ 6,542	$ 1,000	$ 920,722	$ 666,267	$ (2,829,799)
Balance, shares at Dec. 31, 2019		64,924,300	10,000,000
Balance, amount at Dec. 31, 2019	(928,567)	$ 6,492	$ 1,000	856,722	641,317	(2,434,098)
Net loss	(1,167,781)
Balance, shares at Sep. 30, 2020		71,524,300	10,000,000
Balance, amount at Sep. 30, 2020	(1,515,375)	$ 7,152	$ 1,000	668,150	1,410,202	(3,601,879)
Balance, shares at Mar. 31, 2020		65,424,300	10,000,000
Balance, amount at Mar. 31, 2020	(1,235,268)	$ 6,542	$ 1,000	920,722	666,267	(2,829,799)
Net loss	(408,321)					(408,321)
Subscriptions received	25,000			25,000
Shares issued for services, shares		50,000
Shares issued for services, amount	2,500	$ 5	$ 0	0	2,495	0
Balance, shares at Jun. 30, 2020		65,474,300	10,000,000
Balance, amount at Jun. 30, 2020	(1,616,089)	$ 6,547	$ 1,000	945,722	668,762	(3,238,120)
Net loss	(363,759)					(363,759)
Shares to be issued for services, amount	0	$ 604	0	(302,000)	301,396	0
Shares to be issued for debt conversion	14,428			14,428
Shares issued for services, shares		10,000
Shares issued for services, amount	500	$ 1			499
Shares issued for subscriptions, shares		6,040,000
Related party debt forgiveness	439,545	$ 0	$ 0	0	439,545
Shares to be issued for license agreement	10,000			10,000
Balance, shares at Sep. 30, 2020		71,524,300	10,000,000
Balance, amount at Sep. 30, 2020	$ (1,515,375)	$ 7,152	$ 1,000	$ 668,150	$ 1,410,202	$ (3,601,879)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,167,781)	$ (1,325,285)
Items to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	45,807	60,793
Shares issued for services	22,428	60,573
Impairment of licensing agreement	10,000
Prepayment penalty		30,000
Changes in operating assets and liabilities
(Increase) / decrease in accounts receivable	(192)	1,091
(Increase) / decrease in Inventory	142,202	39,018
(Increase) / decrease in prepaid expenses	2,638	0
Decrease in accounts payable - Related party	119,896	3,321
Increase in accounts payable	369,331	144,323
Net Cash Used in Operating Activities	(455,691)	(986,166)
CASH FLOWS FROM INVESTING ACTIVITIES
Net Cash Used in Investing Activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on notes payable	0	(233,780)
Proceeds from notes payable related party	0	2,000
Proceeds from PPP loan	201,352	0
Proceeds from notes payable	150,000	315,375
Proceeds from Sale of stock	89,000	902,445
Net Cash Provided by Financing Activities	440,352	986,040
Increase (Decrease) in Cash	(15,339)	(126)
CASH AT BEGINNING OF PERIOD	16,884	126
CASH AT END OF PERIOD	1,545	0
Supplemental Information:
Interest Paid	0	0
Taxes	0	0
Supplemental Non-Cash Information:
Shares issued for commitment fees	20,000	20,000
Shares issued for license agreement	10,000	0
Shares issued for stock payable	302,000	229,216
shares issued for note payable conversion	0	124,715
Forgiveness of RPT debt, interest, and AP	$ 439,545	$ 0

GENERAL

GENERAL	9 Months Ended
	Sep. 30, 2020
GENERAL
Note 1 - GENERAL	Business Overview Elite Performance Holding Corporation (“EPH”) was formed on January 30, 2018 (inception) and is a holding company with anticipated holdings in companies centered on innovative and proprietary nutritional and dietary fitness enhancement products, that are in the sports performance, weight loss, nutritional, functional beverage, and energy markets. The team is composed of highly experienced business, marketing and sales executives in the beverage and nutritional space, who are passionate about health and nutrition. The mission of Elite Performance Holdings is to aggressively seek and acquire companies with niche products that are first to market and can be exploited in the $35 billion nutritional and sport beverage industries. The goal of EPH is to effectuate its unique business model through strategic branding and marketing, to aggressively scale companies to size, and operate them efficiently to maximize growth, revenue production and eventual net income. On February 2, 2018, a contribution and assignment agreement was executed by Joseph Firestone and Jon McKenzie (collectively, the “Assignors”), and Elite Performance Holding Corp., a Nevada corporation (the “Assignee”). Whereas Firestone and McKenzie were the owners of 50,000,000 shares of common stock, $0.0001 par value, for a total of 100,000,000 shares of common stock (collectively, the “Shares”) of Elite Beverage International Corp., a Nevada corporation (the “Company”), which shares represented all authorized, issued and outstanding shares of the Company. Elite Beverage International is a 100% wholly owned subsidiary of Elite Performance Holding Corp. Elite Beverage is currently producing a first of its kind functional sports beverage. Beyond Your Limit Training (B.Y.L.T.) sports drink is the first to combine the benefits of hydration, muscle repair, fat oxidation, and recovery all-in-one great tasting beverage. Whether you are looking to achieve optimal performance on the baseball field, basketball court, soccer field, in the gym or any competitive sport, BYLT provides the competitive edge every athlete actively seeks. This unique product is designed with scientifically dosed key ingredients to bridge the gap between the current sports drinks filled with sugars that have serve no function, hydration beverages and dietary supplements, without the crash from sugars and jitters from caffeine which eventually leads to a decrease in performance for athletes. BYLT is not only designed to enhance performance and support the intense physical demand of athletes but be safe and backed by science. Our Products and Services Elite Beverages will offer a first to market functional beverage that redefines hydration and performance drinks using a patented amino/carbohydrate combination. The SmartCarb® technology blend provides a unique benefit of hydration, endurance and sustained energy without caffeine, the crash of sugars, and without artificial flavors or colors making it the ideal sports beverage for health-conscious consumers and serious athletes alike. BYLT will introduce two flavors upon launch while planning to strategically introduce additional 5 flavors to support the launch after three to six months of operation. These flavors will include Blue Raspberry, Tropical Punch, Lemon Lime, Watermelon, Grape, Orange and Fruit Punch. On August 01, 2020, the Company entered into an Exclusivity Agreement between its wholly owned subsidiary Elite Beverage International Corp. and Bruce Kneller for exclusive rights on a patent pending SmartCarb® technology (US Patent Application No. 16/785,498.) This Agreement gives the Company first right of refusal to purchase the technology upon issuance of its patent for a predetermined and agreed upon amount of shares in the Company.

ORGANIZATION AND SIGNIFICANT AC

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Note 2 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of September 30, 2020, the company had an accumulated deficit of ($3,601,879). The continuation of the Company as a going concern is dependent upon the continued financial support from its management, its ability to generate profits from the Company’ s future operations, identify future investment opportunities and obtain the necessary debt or equity financing. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Accounting Methods The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a calendar year-end. Cash and Cash Equivalents We maintain the majority of our cash accounts at a commercial bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per commercial bank. For purposes of the statement of cash flows we consider all cash and highly liquid investments with initial maturities of one year or less to be cash equivalents. Accounts Receivable We grant credit to our customers located within the United States of America; and do not require collateral. Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. The allowance for doubtful trade receivables was $0 as of September 30, 2020 and December 31, 2019. Inventory Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of September 30, 2020, and December 31, 2019, we had no reserve for potentially obsolete inventory. As of September 30, 2020, and December 31, 2019 we had $10,128 and $152,330 in inventory, respectively. Basic and Diluted Loss Per Share The Company presents both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including convertible debt, stock options, and warrants, using the treasury stock method, and convertible securities, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. The Company had net losses as of September 30, 2020, so the diluted EPS excluded all dilutive potential shares in the diluted EPS because their effect is anti-dilutive. As of September 30, 2020, the company had $499,000 in convertible notes that may be converted into 9,390,380 shares of common stock. We also had 13,363,000 shares to be issued as of September 30, 2020. Fair Value of Financial Instruments The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments. Research and Development Research and development costs are expensed as incurred. Research and development expenses primarily consist of salaries and benefits for research and development employees, stock-based compensation, consulting fees, lab supplies, and regulatory compliance costs. We had $0 research and development R&D expense during the three months ended September 30, 2020. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred, or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue. The Company accrues for warranty costs, sales returns, bad debts, and other allowances based on its historical experience. For the nine months ended September 30, 2020 and September 30, 2019 we had $42,153 and $29,855 and respectively in revenue from the sale of our products. Income Taxes Federal Income taxes are not currently due since we have had losses since inception. On December 22, 2017 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the period January 01, 2020 through September 30, 2020 using a Federal Tax Rate of 21%. Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of September 30, 2020, we had a net operating loss carry-forward of approximately $(3,601,879) and a deferred tax asset of $756,395 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(756,395). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At June 30, 2020 the Company had not taken any tax positions that would require disclosure under FASB ASC 740. Net deferred tax assets consist of the following components as of September 30, 2020, and December 31, 2019: September 30, 2020 December 31, 2019 Deferred tax assets: Deferred tax assets: $ 756,395 $ 511,161 Valuation allowance (756,395 ) (511,161 ) Net deferred tax asset $ - $ - Stock-Based Compensation The Company records stock-based compensation using the fair value method. Equity instruments issued to employees and the cost of the services received as consideration are accounted for in accordance with ASC 718 “Stock Compensation” and are measured and recognized based on the fair value of the equity instruments issued. All transactions with non-employees in which goods or services are the consideration received for the issuance of equity instruments are accounted for in accordance with ASC 515 “Equity-Based Payments to Non-Employees”, based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Long Lived Assets Periodically the Company assesses potential impairment of its long-lived assets, which include property, equipment and acquired intangible assets, in accordance with the provisions of ASC Topic 360, “Property, Plant and Equipment.” The Company recognizes impairment losses on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying values. An impairment loss would be recognized in the amount by which the recorded value of the asset exceeds the fair value of the asset, measured by the quoted market price of an asset or an estimate based on the best information available in the circumstances. There were no such losses recognized during the nine months ended in September 30, 2020. Property, Equipment and Intangible Assets Property and equipment are carried at cost, less accumulated depreciation. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Intangible assets consist of acquired web site domains and web site content and are carried at cost, less accumulated amortization. Depreciation and amortization is provided principally on the straight-line basis method over the estimated useful lives of the assets. Recently Issued Accounting Standards The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements. FASB ASU 2016-02 “Leases (Topic 842)” – Update 2019-08—Compensation—Stock Compensation (Topic 718) In June 2018, the Board issued Accounting Standards Update No. 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting, as part of its Simplification Initiative. This Update is effective for companies with fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We have adopted the above ASU as of January 1, 2019. On January 1, 2020, the Company adopted ASU No. 2018-13, Fair Value Measurements (Topic 820): Disclosure Framework Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this update modify the disclosure requirements on fair value measurements in Topic 820. Adoption of this ASU did not have a material effect on our consolidated financial statements. All new accounting pronouncements issued but not yet effective are not expected to have a material impact on our results of operations, cash flows or financial position with the exception of the updated previously disclosed above, there have been no new accounting pronouncements not yet effective that have significance to our consolidated financial statements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
RELATED PARTY TRANSACTIONS
Note 3 - RELATED PARTY TRANSACTIONS	Accounts and Notes Payable related party On November 15, 2017, Elite Beverage International issued an unsecured note payable for $80,300 to Jon McKenzie at a 6% interest rate, due upon demand. An addendum to the note was added in 2018 for an additional $127,637 in funding which was received in various advances throughout the year. For the Year ended December 31, 2019, Jon McKenzie advanced a total of $2,000 for operating expenses of the company, which was added to the addendum. Interest expense for this note for the year ended December 31, 2019, and the nine months ended September 30, 2020, was $12,294 and $7,897 respectively. On September 4, 2020, the Company reduced their debt by $439,545 with the retirement of two 6% interest bearing notes for $159,752 and $50,185 collectively and accrued interest of $30,693. These two notes held by the Company’s former CEO, COO and Board Director Jon McKenzie were forgiven after his departure. The company reduced its debt by $198,915 from accounts payable that were forgiven after Jon McKenzie’s departure. There was no subsequent terms or conditions set forth for the debt forgiveness. The total amount forgiven was $439,545 and charged to additional paid in capital. For the three months and nine months ended September 30, 2020, we had $9,000 and $27,000 respectively in consulting expense to “I Know a Dude, Inc.” owned by Laya Clark. Mr. Clark is a member of our Board of Directors. As of December 31, 2019, and September 30, 2020, we had an outstanding balance due of $36,000 and $56,922 respectively, which is included in accounts payable related party. For the three and nine months ended September 30, 2020, we had $0 and $1,500 in accounting expense respectively to “The Mosely Group.” owned by Reesa McKenzie. Ms. McKenzie is the sister of John McKenzie. As of December 31, 2019, and September 30, 2020, we had an outstanding balance due of $4,500 and $4,500 respectively, which is included in accounts payable related party. As of September 30, 2020, we had outstanding balances due to Joey Firestone of $35,431 for un-reimbursed business expenses. We also had an outstanding balance due to Joey Firestone of $100,000 for consulting services, which is included in accounts payable related party. On June 14, 2019, Laya Clark (a member of our board of directors) entered into an advisor service agreement for one year for 1,000,000 shares of restricted 144 stock that was issued on October 3, 2019.

COMMON STOCK AND COMMON STOCK W

COMMON STOCK AND COMMON STOCK WARRANTS	9 Months Ended
	Sep. 30, 2020
COMMON STOCK AND COMMON STOCK WARRANTS
Note 4 - COMMON STOCK AND COMMON STOCK WARRANTS	Common Stock The Company has authorized a total of 400,000,000 Shares of Common Stock par value $0.0001 as of the December 31, 2017 audit for Elite Beverage International. However, Elite Performance Holding Corp. is now the successor company and as of December 31, 2019 now reflects 465,000,000 (Four Hundred Sixty-Five Million) shares authorized par value $0.0001. For the period ended December 31, 2017, the Elite Beverage International Corp. issued 100,000,000 shares of Common Stock for $19,000 to its management. On February 2, 2018, Elite Performance Holding Corp., owned and controlled by Firestone and McKenzie, acquired Elite Beverage International through a 1:2 common share exchange as follows: a). 50,000,000 common shares of Elite Performance Holding Corp. in exchange for 100,000,000 common shares of Elite Beverage International Inc. Shares Registered in the S-1 Registration Statement As of September 30, 2020, the company has raised $1,050,222 (2,090,000 shares issued and 18,914,440 shares to be issued) through a registered offering for $1,250,000 which was registered with the SEC through an S-1 registration statement which went effective on April 23, 2019. Restricted Shares issued On January 7, 2019, we issued a convertible promissory note to David Stoccardo in the amount of $157,500 with an interest rate of 8% per annum and a maturity date of January 8, 2020. The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion or based on any subsequent financings with better terms to other investors. On January 17, 2019, the Company issued 400,000 shares of common stock in consideration for the execution of this note. These shares restricted and subject to SEC Rule 144. These shares were valued at $20,000, which was recorded to debt discount. On October 9, 2018, we received $2,000 for a subscription for 40,000 shares of common stock. As of September 30, 2020, these shares were unissued. On October 22, 2018, we received $2,000 for a subscription for 40,000 shares of common stock. These shares were issued in 2019. In 2019 we issued 2,090,000 common subscription shares to accredited investors for cash in the amount of $104,500. In 2019 we issued 3,660,000 common shares for services (consulting and advertising) valued at $183,001. In 2019 we issued 500,000 of common shares for financing and commitment fees in the amount of $25,000. On June 26, 2019, First Fire elected to convert the remaining balance of $124,715 of the note dated December 10, 2018 for restricted shares at .05 cents a share thereby retiring the original note in full, the total shares to be issued was 2,494,300, which were subsequently issued on July 3, 2019. No gain or loss was recorded on the conversion as the transaction was performed within the terms of the debt agreement. On December 4, 2019, we entered into a convertible note payable for $189,000. It bears interest at the rate of 8% per annum. It had an OID of $9,000. We also issued 500,000 shares of common stock and expensed it at $.05 per share as commitment fees for $25,000. As of December 31, 2019, we had consulting agreements that had shares to be issued, for a total of 60,440 shares. The vesting expense for these shares was $3,022 for the year ended December 31, 2019. On February 19, 2020, we issued 100,000 shares of our common stock for services (consulting and advertising) valued at $5,000. On January 17, 2020 entered into a convertible promissory note in the amount of $157,000, with an OID of $7,500 which was recorded and debt discount and on February 12, 2020, we issued 400,000 shares of our common stock for a commitment fee valued at $20,000 which was recorded to debt discount. On June 12, 2020, we issued 50,000 shares of our common stock for services (consulting and advertising) valued at $2,500. On September 25, 2020, we issued 6,040,000 shares of our common stock, which was previously recorded to shares to be issued form subscriptions received. On August 01, 2020, the Company entered into an Exclusivity Agreement between its wholly owned subsidiary Elite Beverage International Corp. and Bruce Kneller for exclusive rights on a patented SmartCarb® technology (US Patent Application No. 16/785,498.) This Agreement gives the Company first right of refusal to purchase the technology upon issuance of its patent for 200,000 (valued at $.05 per share) shares to be issued in the amount of $10,000, which were issued April 20, 2021. As of September 30, 2020 the Company elected to impair the license by $10,000 for a net balance of $0. For the nine months ended September 30, 2020, we had 12,874,440 shares to be issued in the amount of $643,722 from stock subscriptions to accredited individuals. For the nine months ended September 30, 2020, we had 288,560 shares to be issued (valued at $.05 per share) in the amount of $14,428 for services. Common Stock Warrants None.

PREFERRED STOCK

PREFERRED STOCK	9 Months Ended
	Sep. 30, 2020
PREFERRED STOCK
Note 5 - PREFERRED STOCK	The Company has authorized a total of 35,000,000 Shares of Preferred Stock, $.0001 par value, which may be issued from time to time and bearing such rights, privileges and preferences as shall be designated by the Board of Directors. As of December 31, 2017, Elite Beverage International Corp had issued 10,000,000 Shares of Preferred Stock, designated as series A “Cumulative Preference ‘A’”, for $1,000. 10,000,000 Series A preferred which carries super voting rights. Each preferred share carries 20 votes. On February 2, 2018 Elite Performance Holding Corp., owned and controlled by Firestone and McKenzie, acquired Elite Beverage International through a 1:1 preferred share exchange as follows. 10,000,000 Series A preferred shares of Elite Performance Holdings Corp. in exchange for 10,000,000 Series A preferred shares of Elite Beverage International Inc.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2020
GOING CONCERN
Note 6 - GOING CONCERN	The Company’s financial statements are prepared using Generally Accepted Accounting Principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has recently accumulated significant losses and has negative working capital. All of these items raise substantial doubt about its ability to continue as a going concern. Management’s plans with respect to alleviating the adverse financial conditions that caused management to express substantial doubt about the Company’s ability to continue as a going concern are as follows: The Company is currently trying to raise new debt or equity to set up and market its line sports beverage products. If the Company is not successful in the development and implementation of a concept which produces positive cash flows from operations, the Company may be forced to continue to raise additional equity or debt financing to fund its ongoing obligations or risk ceasing doing business. There can be no assurance that the Company will be able to achieve its business plans, raise any more required capital or secure the financing necessary to achieve its current operating plan. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2020
COMMITMENTS AND CONTINGENCIES
Note 7 - COMMITMENTS AND CONTINGENCIES	None.

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	9 Months Ended
	Sep. 30, 2020
CONVERTIBLE NOTES PAYABLE
Note 8 - CONVERTIBLE NOTES PAYABLE	On December 10, 2018 we entered into a Senior Secured Promissory note with First Fire Global Opportunities Fund, LLC in the amount of $157,500 with an interest rate of 8% per annum and a maturity date of May 10, 2019. The note carries a prepayment feature and a default provision that allows, in the event of default, for a conversion of debt into equity at a fixed price of $.05, or if publicly traded, at the rate of the lesser of $.05 or the lowest of 65% of the 20 previous trading days from the notice of conversion or based on any subsequent financings with better terms to other investors. On April 30, 2019 we paid $62,500 and on May 14, 2019 we paid an additional $7,500, bringing the outstanding balance to $87,500 and as a result we incurred a prepayment penalty of $30,000. On June 26, 2019, First Fire elected to convert the remaining balance including a prepayment penalty of $117,500 plus accrued interest of $7,215 for a total of $124,715 of the note dated December 10, 2018 for restricted shares at .05 cents a share thereby retiring the original note in full, the total shares to be issued was 2,494,300, which were subsequently issued on July 3, 2019. On December 12, 2018, the Company issued 400,000 shares of common stock in consideration for the execution of this note. These shares are restricted and subject to SEC Rule 144. This note had $25,500 in original discount and $20,000 in discount for the 400,000 shares issued. The original debt discount was $45,500; we amortized $40,250 for the year ended December 31, 2019 and we had a remaining debt discount of $0 as of September 30, 2020. On January 7, 2019, we issued a convertible promissory note to David Stoccardo in the amount of $157,500 with an interest rate of 8% per annum, with a default rate of 18% per annum and a maturity date of January 8, 2020. The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion or based on any subsequent financings with better terms to other investors. On January 17, 2019 the Company issued 400,000 shares of common stock in consideration for the execution of this note. These shares restricted and subject to SEC Rule 144. These shares were valued at $20,000. This note also included an original discount fee of $ $7,500, we amortized $798 during the nine months ended September 30, 2020 recorded to interest expense and had an outstanding balance of $0 as of September 30, 2020. On May 14, 2019 we paid $5,000 of principal on this note and as of September 30, 2020 the outstanding balance was $152,500. On March 28, 2019 we issued a convertible promissory note to David Stoccardo in the amount of $7,875 with an interest rate of 8% per annum and a default rate of 18% per annum and a maturity date of January 8, 2020. The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion or based on any subsequent financings with better terms to other investors. This note included an original discount fee of $375, we amortized $375 during the year ended December 31, 2019 and had an outstanding balance of $0 as of September 30, 2020. On April 26, 2019 this note was paid in full. On December 4, 2019, we entered into a convertible promissory note in the amount of $189,000, with an interest rate of 8% per annum and a default rate of 18% per annum and a maturity date of December 4, 2020. The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion or based on any subsequent financings with better terms to other investors. This note included an original discount fee of $9,000, recorded to debt discount, we amortized $6,658 recorded to interest expense during the nine months ended September 30, 2020 and had an outstanding balance of $189,000 as of September 30, 2020. We also issued 500,000 commitment shares valued at $25,000 on December 11, 2019 and recorded to debt discount. We amortized $18,750 for the nine months ended September 30, 2020 recorded to interest expense. On January 17, 2020 we issued a convertible promissory note to The Hillyer Group Inc. in the amount of $157,500 with an interest rate of 8% per annum and a default rate of 18% per annum and a maturity date of January 17, 2021. The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion or based on any subsequent financings with better terms to other investors. On January 17, 2019 the Company issued 400,000 shares of common stock in consideration for the execution of this note. These shares are restricted and subject to SEC Rule 144. These shares were valued at $20,000. This note also included an original discount fee of $27,500, we amortized $19,603 during the nine months ended September 30, 2020, and had an outstanding balance of $157,500 as of September 30, 2020. Total interest expense on the above notes for the nine months ended September 30, 2020, and 2019 was $31,355 and $11,344, respectively.

NOTE PAYABLE

NOTE PAYABLE	9 Months Ended
	Sep. 30, 2020
NOTE PAYABLE
NOTE 9 - NOTE PAYABLE	On April 30, 2020 Elite Beverage International was approved for a loan for $201,352 through the Payment Protection Program with an interest of 0.98% per annum and a maturity date of April 23, 2022. Forgiveness in the amount of $105,868 was given on September 2, 2021

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
SUBSEQUENT EVENTS
Note 10 - SUBSEQUENT EVENTS	In accordance with ASC 855, the Company has analyzed its operations subsequent to September 30, 2020 through the date these financial statements were issued and has reported the following events: On January 14, 2021, the Company raised $208,800 and fully subscribed its $1,250,000 offering at .05 cents a share through its S-1 Registration Statement. On August 01, 2020, the Company entered into an Exclusivity Agreement between its wholly owned subsidiary Elite Beverage International Corp. and Bruce Kneller for exclusive rights on a patented SmartCarb® technology (US Patent Application No. 16/785,498.) This Agreement gives the Company first right of refusal to purchase the technology upon issuance of its patent for 200,000 shares valued at $10,000 that were issued on April 28, 2021. As of October 1, 2020 to October 26, 2021, the Company has issued a total of 26,702,000 shares of common stock. Issuances were a combination of registered shares issued for subscription agreements related to the Company’s registered offering and restricted shares issued to consultants, endorsing athletes, debt and the shares issued for the patent exclusivity agreement mentioned above. On September 29, 2021, the Company entered into an Agreement to Assign Patent between its wholly owned subsidiary Elite Beverage International Corp. and Bruce Kneller for the transfer and assignment of the SmartCarb® technology (US Patent No. 11,103,522 issued August 31, 2021.) This Agreement gives the Company the intellectual property and patent ownership for 400,000 shares valued at $20,000 that were issued October 1, 2021.

ORGANIZATION AND SIGNIFICANT _2

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2020
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Accounting Methods	The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a calendar year-end.
Cash and Cash Equivalents	We maintain the majority of our cash accounts at a commercial bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per commercial bank. For purposes of the statement of cash flows we consider all cash and highly liquid investments with initial maturities of one year or less to be cash equivalents.
Accounts Receivable	We grant credit to our customers located within the United States of America; and do not require collateral. Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. The allowance for doubtful trade receivables was $0 as of September 30, 2020 and December 31, 2019.
Inventory	Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of September 30, 2020, and December 31, 2019, we had no reserve for potentially obsolete inventory. As of September 30, 2020, and December 31, 2019 we had $10,128 and $152,330 in inventory, respectively.
Basic and Diluted Loss Per Share	The Company presents both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including convertible debt, stock options, and warrants, using the treasury stock method, and convertible securities, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. The Company had net losses as of September 30, 2020, so the diluted EPS excluded all dilutive potential shares in the diluted EPS because their effect is anti-dilutive. As of September 30, 2020, the company had $499,000 in convertible notes that may be converted into 9,390,380 shares of common stock. We also had 13,363,000 shares to be issued as of September 30, 2020.
Fair Value of Financial Instruments	The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments.
Research and Development	Research and development costs are expensed as incurred. Research and development expenses primarily consist of salaries and benefits for research and development employees, stock-based compensation, consulting fees, lab supplies, and regulatory compliance costs. We had $0 research and development R&D expense during the three months ended September 30, 2020.
Use of Estimates	The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred, or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue. The Company accrues for warranty costs, sales returns, bad debts, and other allowances based on its historical experience. For the nine months ended September 30, 2020 and September 30, 2019 we had $42,153 and $29,855 and respectively in revenue from the sale of our products.
Income Taxes	Federal Income taxes are not currently due since we have had losses since inception. On December 22, 2017 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the period January 01, 2020 through September 30, 2020 using a Federal Tax Rate of 21%. Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of September 30, 2020, we had a net operating loss carry-forward of approximately $(3,601,879) and a deferred tax asset of $756,395 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(756,395). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At June 30, 2020 the Company had not taken any tax positions that would require disclosure under FASB ASC 740. Net deferred tax assets consist of the following components as of September 30, 2020, and December 31, 2019: September 30, 2020 December 31, 2019 Deferred tax assets: Deferred tax assets: $ 756,395 $ 511,161 Valuation allowance (756,395 ) (511,161 ) Net deferred tax asset $ - $ -
Stock-Based Compensation	The Company records stock-based compensation using the fair value method. Equity instruments issued to employees and the cost of the services received as consideration are accounted for in accordance with ASC 718 “Stock Compensation” and are measured and recognized based on the fair value of the equity instruments issued. All transactions with non-employees in which goods or services are the consideration received for the issuance of equity instruments are accounted for in accordance with ASC 515 “Equity-Based Payments to Non-Employees”, based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
Long Lived Assets	Periodically the Company assesses potential impairment of its long-lived assets, which include property, equipment and acquired intangible assets, in accordance with the provisions of ASC Topic 360, “Property, Plant and Equipment.” The Company recognizes impairment losses on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying values. An impairment loss would be recognized in the amount by which the recorded value of the asset exceeds the fair value of the asset, measured by the quoted market price of an asset or an estimate based on the best information available in the circumstances. There were no such losses recognized during the nine months ended in September 30, 2020.
Property, Equipment and Intangible Assets	Property and equipment are carried at cost, less accumulated depreciation. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Intangible assets consist of acquired web site domains and web site content and are carried at cost, less accumulated amortization. Depreciation and amortization is provided principally on the straight-line basis method over the estimated useful lives of the assets.
Recently Issued Accounting Standards	The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements. FASB ASU 2016-02 “Leases (Topic 842)” – Update 2019-08—Compensation—Stock Compensation (Topic 718) In June 2018, the Board issued Accounting Standards Update No. 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting, as part of its Simplification Initiative. This Update is effective for companies with fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We have adopted the above ASU as of January 1, 2019. On January 1, 2020, the Company adopted ASU No. 2018-13, Fair Value Measurements (Topic 820): Disclosure Framework Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this update modify the disclosure requirements on fair value measurements in Topic 820. Adoption of this ASU did not have a material effect on our consolidated financial statements. All new accounting pronouncements issued but not yet effective are not expected to have a material impact on our results of operations, cash flows or financial position with the exception of the updated previously disclosed above, there have been no new accounting pronouncements not yet effective that have significance to our consolidated financial statements.

ORGANIZATION AND SIGNIFICANT _3

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2020
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Schedule of net deferred tax assets	September 30, 2020 December 31, 2019 Deferred tax assets: Deferred tax assets: $ 756,395 $ 511,161 Valuation allowance (756,395 ) (511,161 ) Net deferred tax asset $ - $ -

GENERAL (Details Narrative)

GENERAL (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 25, 2020	Dec. 31, 2019	Feb. 02, 2018	Dec. 31, 2017
Common stock, par value	$ 0.0001		$ 0.0001
Common stock, shares issued	71,524,300		64,924,300
Firestone and McKenzie [Member]
Common stock, par value				$ 0.0001
Common stock, shares issued				50,000,000
Shares issued				100,000,000
Elite Beverage International [Member]
Ownership percentages	100.00%
Business combination consideration amount	$ 35,000,000,000
Common stock, par value			$ 0.0001		$ 0.0001
Common stock, shares issued		6,040,000

ORGANIZATION AND SIGNIFICANT _4

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Deferred tax assets:
Deferred tax assets:	$ 756,395	$ 511,161
Valuation allowance	(756,395)	(511,161)
Net deferred tax asset	$ 0	$ 0

ORGANIZATION AND SIGNIFICANT _5

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Accumulated deficit	$ (3,601,879)		$ (3,601,879)
FDIC insured amount	250,000		250,000
Allowance for doubtful trade receivables	0		0		$ 0
Inventory	10,128		10,128		$ 152,330
Convertible notes	499,000		$ 499,000
Convertible notes converted in common stock shares			9,390,380
Shares to be issued			13,363,000
Research and development expense			$ 0
Revenue	9,798	$ 10,468	$ 42,153	$ 29,855
Federal Tax Rate			21.00%		35.00%
Net operating loss carry forward	(3,601,879)		$ (3,601,879)
Deferred tax asset	756,395		756,395
Valuation allowance	$ (756,395)		$ (756,395)		$ (511,161)
Statutory rate			21.00%		35.00%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Sep. 02, 2021	Sep. 04, 2020	Nov. 15, 2017	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2019	Jun. 14, 2019
Retirement of debt		$ 439,545
Interest rate		6.00%
Interest expense					$ 31,355	$ 11,344
Debt instrument, forgiveness	$ 105,868
Elite Beverage International [Member]
Interest rate			6.00%
Unsecured note payable			$ 80,300
Amount of additional funding			$ 127,637
McKenzie [Member]
Outstanding balance				$ 198,915		198,915
Interest expense						7,897	$ 12,294
Accrued interest		$ 30,693
Advance fron related party							2,000
Debt instrument, forgiveness						439,545
Mr. Clark [Member]
Outstanding balance				56,922		56,922	36,000
Consulting expense				9,000		27,000
Share issued								1,000,000
The Mosely Group [Member]
Outstanding balance				4,500		4,500	$ 4,500
Accounting expense				0		1,500
Joey Firestone [Member]
Outstanding balance				$ 100,000		100,000
Un-reimbursed business expense						$ 35,431
Notes Two [Member]
Note payables		50,185
Notes One [Member]
Note payables		$ 159,752

COMMON STOCK AND COMMON STOCK_2

COMMON STOCK AND COMMON STOCK WARRANTS (Details Narrative) - USD ($)	Jun. 12, 2020	Feb. 12, 2020	Dec. 04, 2019	Dec. 12, 2018	Feb. 02, 2018	Feb. 19, 2020	Jan. 17, 2019	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2020	Dec. 31, 2019	Dec. 31, 2017	Sep. 25, 2020	Jan. 17, 2020	Jul. 03, 2019	Jun. 26, 2019	Jan. 07, 2019	Oct. 22, 2018	Oct. 09, 2018
Description of Shares registered in the s-1 registration statement													the company has raised $1,050,222 (2,090,000 shares issued and 18,914,440 shares to be issued) through a registered offering for $1,250,000 which was registered with the SEC through an S-1 registration statement which went effective on April 23, 2019
Impair license fee													$ 10,000
Common Stock, Shares Authorized								465,000,000					465,000,000	465,000,000
Common Stock, Par Value Per Share								$ 0.0001					$ 0.0001	$ 0.0001
Shares issued to management, shares										20,000
Shares issued to management, amount								$ 500	$ 2,500		$ 2,500
Common stock shares issued								71,524,300					71,524,300	64,924,300
Common stock, value, issued								$ 7,152					$ 7,152	$ 6,492
Common subscription shares issued to accredited investors, shares													9,390,380
Common shares for financing and commitment fees, shares													13,363,000
Common shares for financing and commitment fees, amount								0			$ 47,220	$ 13,353
Convertible note payable								484,837					$ 484,837	$ 309,030
Convertible note payable, original discount fee				$ 45,500				0					0
Common shares issued for commitment fee, shares				400,000
Convertible promissory note issued								$ 499,000					$ 499,000
David Stoccardo [Member]
Offering value of shares			$ 25,000
Common shares issued for commitment fee, shares				400,000			400,000
Stock issued upon conversion, shares			500,000
Restricted Stock [Member]
Shares issued to management, shares	50,000					100,000								3,660,000
Shares issued to management, amount	$ 2,500					$ 5,000								$ 183,001
Common stock shares issued																		2,494,300
Offering value of shares		$ 20,000	$ 25,000
Common shares to be issued														60,440
Common stock, shares, issued								12,874,440					12,874,440								40,000	40,000
Common stock, value, issued								$ 643,722					$ 643,722
Common stock, subscriptions, value																					$ 2,000	$ 2,000
Common subscription shares issued to accredited investors, shares													288,560	2,090,000
Common subscription shares issued to accredited investors, amount													$ 14,428	$ 104,500
Common shares for financing and commitment fees, shares														500,000
Common shares for financing and commitment fees, amount														$ 25,000
Convertible promissory note, remaining balance																			$ 124,715
Convertible note payable			$ 189,000														$ 157,000
Convertible note payable, interest rate			0.08%
Convertible note payable, original discount fee			$ 9,000														$ 7,500
Common shares issued for commitment fee, shares		400,000	500,000
Common shares issued for commitment fee, price per share			$ 0.05
Vesting expense														$ 3,022
Restricted Stock [Member] | David Stoccardo [Member]
Common subscription shares issued to accredited investors, amount							$ 20,000
Stock issued upon conversion, shares							400,000
Convertible promissory note issued																				$ 157,500
Convertible promissory note, interest rate																				0.08%
Convertible promissory note, fixed conversion price																				$ 0.05
Elite Beverage International [Member]
Common Stock, Shares Authorized														465,000,000	400,000,000
Common Stock, Par Value Per Share														$ 0.0001	$ 0.0001
Shares issued to management, shares															100,000,000
Shares issued to management, amount															$ 19,000
Common stock shares issued																6,040,000
Purchase the technology upon issuance of shares													200,000
Purchase the technology upon issuance of amount													$ 10,000
Business acquisition transaction description					50,000,000 common shares of Elite Performance Holding Corp. in exchange for 100,000,000 common shares of Elite Beverage International Inc.

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - USD ($)	Feb. 02, 2018	Sep. 30, 2020	Dec. 31, 2019	Dec. 31, 2017
Preferred Stock, shares authorized		35,000,000	35,000,000
Preferred stock, par value		$ 0.0001	$ 0.0001
Preferred stock, value issued		$ 1,000	$ 1,000
Preferred stock, shares issued		10,000,000	10,000,000
Series A Preferred Stock [Member]
Preferred stock, value issued				$ 1,000
Business acquisition transaction description	10,000,000 Series A preferred shares of Elite Performance Holdings Corp. in exchange for 10,000,000 Series A preferred shares of Elite Beverage International Inc
Preferred stock, shares issued		10,000,000		10,000,000

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	Sep. 02, 2021	Feb. 12, 2020	Dec. 04, 2019	Jul. 03, 2019	May 14, 2019	Jan. 07, 2019	Dec. 12, 2018	Dec. 10, 2018	Apr. 30, 2020	Jan. 17, 2020	Jun. 26, 2019	Apr. 30, 2019	Mar. 28, 2019	Jan. 17, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Payment of principal amount					$ 5,000
Forgiveness loan amount	$ 105,868
Interest rate			8.00%	0.05%
Outstanding balance					152,500				$ 201,352
Maturity date									Apr. 23, 2022
Interest rates									0.98%
Interest on outstanding amount							$ 25,500											$ 0
Debt discount							$ 45,500								$ 0			0
Common stock shares issued							400,000
Amortized of debt																		798		$ 40,250
Interest expense																	$ 31,355	11,344
Original discount fees															$ (35,965)	$ (21,782)		(95,058)	$ (132,227)
Restricted Stock [Member]
Debt discount			$ 9,000							$ 7,500
Common stock shares issued		400,000	500,000
Shares issued on commitments, amounts		$ 20,000	$ 25,000
David Stoccardo [Member]
Interest rate			8.00%	0.05%		8.00%							8.00%
Outstanding balance																		0
Maturity date			Dec. 4, 2020			Jan. 8, 2020							Dec. 4, 2020
Common stock shares issued							400,000							400,000
Amortized of debt																		798		$ 375
Interest expense																		6,658
Secured of promissory note			$ 189,000			$ 157,500							$ 7,875
Description of conversion of debt			The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion			Prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion		A conversion of debt into equity at a fixed price of $.05, or if publicly traded, at the rate of the lesser of $.05 or the lowest of 65% of the 20 previous trading					The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion
Default rate per annum			18%			18%							18%
Original discount fees			$ 9,000															375
Shares issued on commitments,shares			500,000
Shares issued on commitments, amounts			$ 25,000
David Stoccardo [Member] | Restricted Stock [Member]
Shares issued on commitments,shares														400,000
The Hillyer Group Inc [Member]
Interest rate				0.05%		8.00%				8.00%			8.00%
Outstanding balance																		157,500
Maturity date						Jan. 8, 2020				Jan. 8, 2020			Dec. 4, 2020
Amortized of debt																		18,750
Secured of promissory note						$ 157,500				$ 157,500			$ 7,875
Description of conversion of debt						The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion				The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion			The note carries a prepayment feature or is convertible 180 days from the date of the note, at a fixed price of $.05 or if publicly traded at the rate of the lessor of $.05 or the lowest of 65% of the lowest closing bid price for 3 trading days previous to the conversion
Default rate per annum						18%							18%
Original discount fees																		27,500
Shares issued on commitments,shares														400,000
Shares issued on commitments, amounts														$ 20,000
The Hillyer Group Inc One [Member]
Amortized of debt																		$ 19,603
First Fire Global Opportunities Fund, LLC [Member]
Interest rate				0.05%				8.00%
Outstanding balance					87,500
Maturity date								May 10, 2019
Secured of promissory note								$ 157,500
Description of conversion of debt								Conversion of debt into equity at a fixed price of $.05, or if publicly traded, at the rate of the lesser of $.05 or the lowest of 65% of the 20 previous trading days
Payment of prepayment penalty					$ 7,500			$ 30,000			$ 117,500	$ 62,500
Accrued interest								$ 124,715			$ 7,215
Restricted share issued				2,494,300

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	Sep. 02, 2021	May 14, 2019	Apr. 30, 2020
NOTE PAYABLE
Forgiveness loan amount	$ 105,868
Interest rates			0.98%
Maturity date			Apr. 23, 2022
Outstanding balance		$ 152,500	$ 201,352

SUBSEQUENTS EVENTS (Details Nar

SUBSEQUENTS EVENTS (Details Narrative) - USD ($)	Dec. 12, 2018	Sep. 30, 2020	Oct. 26, 2021	Sep. 29, 2021	Aug. 01, 2020
Intellectual property and patent ownership for shares				400,000	200,000
Intellectual property and patent ownership for value				$ 20,000	$ 10,000
Common stock issued during period	400,000
January 14, 2021 [Member]
Fund raised		$ 208,800
Fund raised subscribed		$ 1,250,000
Subsequent Event [Member]
Common stock issued during period			26,702,000