Elite Performance Holding (BYLT) 10-K 7 Sep 23 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2021	Sep. 07, 2023	Sep. 06, 2023
Cover [Abstract]
Entity Registrant Name	ELITE PERFORMANCE HOLDING CORP.
Entity Central Index Key	0001753681
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Dec. 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		130,001,300
Entity Public Float			$ 0
Document Annual Report	true
Document Transition Report	false
Entity File Number	000-55987
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	82-5034226
Entity Address Address Line 1	3301 NE 1st Ave Suite M704
Entity Address City Or Town	Miami
Entity Address Postal Zip Code	33137
City Area Code	844
Local Phone Number	426-2958
Entity Interactive Data Current	No
Auditor Name	M&K CPAS, PLLC
Auditor Location	Houston, TX
Entity Address State Or Province	FL
Auditor Firm Id	2738

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash	$ 1,801	$ 252
Inventory	8,419	10,128
Total Current Assets	10,220	10,380
Patents	0	0
TOTAL ASSETS	10,220	10,380
CURRENT LIABILITIES
Accounts payable	787,152	609,505
Accounts payable and accrued expenses related party	373,849	222,738
Accrued expenses	199,458	106,982
Convertible note payable (net of debt discount)	543,004	497,951
Total Current Liabilities	1,903,463	1,437,176
Longterm Liabilities
PPP Loan	95,485	201,352
Total longterm liabilities	95,485	201,352
Total Liabilities	1,998,948	1,638,528
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 December 31, 2021 and December 31, 2020 respectively	1,000	1,000
Common stock; $0.0001 par value, 465,000,000 shares authorized, 98,971,300 and 84,738,300 issued and outstanding as of December 31, 2021 and December 31, 2020	9,896	8,472
Shares to be issued	5,000	13,803
Additional paid-in capital	2,585,308	2,069,582
Accumulated deficit	(4,589,932)	(3,721,005)
Total Stockholders' Equity (Deficit)	(1,988,728)	(1,628,148)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 10,220	$ 10,380

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Consolidated Balance Sheets
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
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	465,000,000	465,000,000
Common stock, shares issued	98,971,300	84,738,300
Common stock, shares outstanding	98,971,300	84,738,300

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Consolidated Statements of Operations
REVENUES	$ 6,938	$ 26,154
COST OF GOODS SOLD	68,038	307,132
GROSS PROFIT	(61,100)	(280,978)
OPERATING EXPENSES
Legal and accounting	125,671	63,228
Advertising	57,124	258,292
Consulting	321,965	339,508
General and administrative	292,905	212,896
Total Operating Expenses	797,665	873,924
OPERATING LOSS	(858,765)	(1,154,902)
OTHER INCOME (EXPENSE)
Gain on forgiveness of PPP loan	105,867	0
Loss on impairment of assets	(20,000)	(10,000)
Interest expense	(96,029)	(122,005)
Total Other Income (Expense)	(10,162)	(132,005)
NET LOSS	$ (868,927)	$ (1,286,907)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ (0.01)	$ (0.02)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	95,357,059	67,891,464

Consolidated Statement of Stock

Consolidated Statement of Stockholders Equity (Deficit) - USD ($)	Total	Preferred Stock	Shares to be issued	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2019		10,000,000	19,254,000	64,924,300
Balance, amount at Dec. 31, 2019	$ (928,567)	$ 1,000	$ 856,722	$ 6,492	$ 641,317	$ (2,434,098)
Subscription shares issued for cash, shares		400,000
Subscription shares issued for cash, amount	0	$ 0	(962,700)	1,924	960,776	0
Shares issued for finance fees, amount	20,000	0	0	40	19,960	0
Shares to be issued for services	30,781	0	30,781	0	0	0
Subscriptions received	89,000	0	89,000	$ 0	0	0
Shares issued for services, shares				160,000
Shares issued for services, amount	8,000	0	0	$ 16	7,984	0
Related party debt forgiveness	439,545	0	0	0	439,545	0
Net loss	(1,286,907)	0	0	0	0	(1,286,907)
Balance, amount at Dec. 31, 2020	$ (1,628,148)	$ 1,000	13,803	$ 8,472	2,069,582	(3,721,005)
Balance, shares at Dec. 31, 2020		10,000,000		84,738,300
Shares issued for services, shares	3,287,000			3,287,000
Shares issued for services, amount	$ 160,547	$ 0	3,803	$ 329	164,021	0
Net loss	$ (868,927)	0	0	$ 0	0	(868,927)
Shares issued for subscriptions, shares	417,600			4,176,000
Shares issued for subscriptions, amount	$ 208,800	0	0	$ 418	208,382	0
Shares issued for license from to be issued, shares				200,000
Shares issued for license from to be issued, amount	0	0	(10,000)	$ 20	9,980	0
Shares issued for patents, shares				400,000
Shares issued for patents, amount	$ 20,000	0	0	$ 40	19,960
Shares issued for licensing agreement, shares	5,000,000			5,000,000
Shares issued for licensing agreement, amount	$ 0	0	0	$ 500	(500)
Shares issued for commitment fee, shares	60,000			60,000
Shares issued for commitment fee, amount	$ 3,000	0	0	$ 6	2,994
Reg D subscriptions, shares	111,000			1,110,000
Reg D subscriptions, amount	$ 111,000	0	0	$ 111	110,889
Shares to be issued for liability settlement	5,000		5,000
Balance, amount at Dec. 31, 2021	$ (1,988,728)	$ 1,000	$ 5,000	$ 9,896	$ 2,585,308	$ (4,589,932)
Balance, shares at Dec. 31, 2021		10,000,000		98,971,300

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (868,927)	$ (1,286,907)
Items to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	3,053	58,921
Shares issued for services	160,547	28,781
Gain on forgiveness of PPP Loan	(105,867)	0
Impairment of licensing agreement	20,000	10,000
Changes in operating assets and liabilities
(Increase) / decrease in Inventory	1,709	142,202
(Increase) / decrease in prepaid expenses	0	2,638
Increase in accounts payable - Related party	151,111	145,781
Increase in accounts payable and accrued expenses	295,123	441,600
Net Cash Used in Operating Activities	(343,251)	(456,984)
CASH FLOWS FROM INVESTING ACTIVITIES
Net Cash Used in Investing Activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from PPP loan	0	201,352
Proceed from convertible debt	25,000	0
Proceeds from notes payable	24,000	150,000
Repayments of notes payable	(24,000)	0
Proceeds from Sale of stock	319,800	89,000
Net Cash Provided by Financing Activities	344,800	440,352
Increase (Decrease) in Cash	1,549	(16,632)
CASH AT BEGINNING OF PERIOD	252	16,884
CASH AT END OF PERIOD	1,801	252
Supplemental Information:
Interest Paid	0	0
Taxes	0	0
Supplemental Non-Cash Information:
Shares issued for commitment fees	3,000	20,000
Shares to be issued for accounts payable forgiveness	$ 5,000	$ 0
Shares issued for stock payable	13,803	962,770
Shares issued for patents	$ 20,000
Convertible note issued for accounts payable	20,000	$ 0
Forgiveness of RPT debt, interest, and AP	0	439,545
shares issued for licensing comtract	$ 500	$ 10,000

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2021
GENERAL
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. 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. BYLT Performance, LLC is a wholly owned subsidiary of Elite Beverage International Corp. and currently holds all of the trademarks and intellectual property for the company. Our Products and Services 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 200,000 shares in the Company. On September 29, 2021, the Company entered into an Agreement 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. For the year ended December 31, 2021, an impairment loss of $20,000 was recognized on the Patent acquisition and recorded to other income (expense).

ORGANIZATION AND SIGNIFICANT AC

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
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. Licenses are capitalized at their acquisition cost if that cost exceeds the relevant threshold. As of December 31, 2021, the company had an accumulated deficit of ($4,589,932). 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. Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts and operations of the Company, and its wholly owned subsidiary. All significant intercompany balances and transactions have been eliminated in preparing the consolidated financial statements. The Company has made certain reclassification adjustments to conform prior periods’ Consolidated Financial Statements and Notes to the Consolidated Financial Statements to the current presentation. 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 three months 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 December 31, 2021, and $0 as of December 31, 2020 respectively. Inventory Inventories are valued at the lower of weighted average cost or market value. Our industry experiences change 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 or expensed to cost of goods sold. As of December 31, 2021, and December 31, 2020, we had no reserve for potentially obsolete inventory. We had $8,419 and $10,128 in inventory as of December 31, 2021, and December 31, 2020. Prepaid Expenses We had $0 and $0 in prepaid inventory and insurance as of December 31, 2021, and December 31, 2020 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 December 31, 2021, so the diluted EPS excluded all dilutive potential shares in the diluted EPS because their effect is anti-dilutive. As of December 31, 2021, the company had $545,250 in convertible notes plus accrued interest of $158,914 that may be converted into 14,083,283 shares of common stock. We also had 100,000 shares valued at $.05, to be issued as of December 31, 2021. Fair Value of Financial Instruments The carrying number 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. For the Year ended December 31, 2021, and for the year ended December 31, 2020 we had $0 and $0 respectively in R&D expense. 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 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’s performance obligation is to deliver the product(s) per the contract and the obligation is met upon receipt of the product by the purchaser. Prices are predetermined plus applicable taxes and shipping costs. The company’s main source of revenue comes from online sales with the primary stream coming from the company website and Amazon. 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 year ended December 31, 2021 and for the year ended December 31, 2020 we had $6,938 and $26,154 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 for the year ended December 31, 2021, 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 December 31, 2021, we had a net operating loss carry-forward of approximately $(4,589,932) and a deferred tax asset of $963,886 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 $(963,886). 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. As of December 31, 2021, 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 December 31, 2021 and December 31, 2020: December 31, 2021 December 31, 2020 Deferred tax assets: Deferred tax assets: $ 963,886 $ 781,411 Valuation allowance (963,886 ) (781,411 ) 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. For the year ended December 31, 2020, an impairment loss of $10,000 was recognized on a licensing agreement and recorded to other income (expense). For the year ended December 31, 2021, an impairment loss of $20,000 was recognized on a Patent acquisition and recorded to other income (expense). There were no other such losses recognized during the Years ended December 31, 2021 and December 31, 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 are 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. 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. Adoption of this ASU on January 1, 2020 did not have a material effect on our consolidated financial statements. 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	12 Months Ended
	Dec. 31, 2021
RELATED PARTY TRANSACTIONS
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 year ended December 31, 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 year ended December 31, 2021, and 2020, we had $36,000 and $36,000 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, 2021, and 2020, we had an outstanding balance due of $101,922 and $65,922 respectively, which is included in accounts payable related party. For the year ended December 31, 2019 we had $4,500 in accounting expense respectively to “The Mosely Group.” owned by Reesa McKenzie. Ms. McKenzie is the sister of John McKenzie. As of December 31, 2021, and 2020, we had an outstanding balance due of $4,500 and $4,500 respectively, which is included in accounts payable related party. As of December 31, 2021, we had outstanding balances due to Joey Firestone of $37,431 for un-reimbursed business expenses. We also had an outstanding balance due to Joey Firestone of $115,000 for consulting services, $114,583 for salary and advances of $413, 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. On January 1, 2021, the Company entered into a royalty free trademark licensing agreement between Elite Beverage International Corp. and its subsidiary BYLT Performance LLC in consideration for 5,000,000 (valued at par $.0001 per share) shares to be issued in the amount of $500 which were issued April 29, 2021. One February 1, 2021 the Company renewed the employment agreement with Joey Firestone with milestone performance bonuses in shares of restricted 144 stock. No stock was earned or issued in this period.

COMMON STOCK AND COMMON STOCK W

COMMON STOCK AND COMMON STOCK WARRANTS	12 Months Ended
	Dec. 31, 2021
COMMON STOCK AND COMMON STOCK WARRANTS
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, 2020 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 December 31, 2021, the company has raised $1,250,200 (25,000,000 shares issued and 0 of shares to be issued) through a registered offering for $1,250,000 which was registered with the SEC through an S1 registration statement which went effective on April 23, 2019. Restricted Shares issued 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. These shares are restricted and subject to SEC Rule 144. In 2020 we issued 19,254,000 common subscription shares to accredited investors for stock payable in the amount of $962,700. In 2020 we issued 10,000 common shares for services valued at $500 to a consultant As of December 31, 2020, we had 276,060 shares to be issued in the amount of $13,803 from licensing fees and services rendered In 2020 we issued 400,000 of common shares for financing fees in the amount of $20,000 On February 19, 2020, we issued 100,000 shares of our common stock for services (consulting and advertising) valued at $5,000. On June 12, 2020, we issued 50,000 shares of our common stock for services (consulting and advertising) valued at $2,500. 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. As of December 31, 2020, we had consulting agreements that had shares to be issued, for a total of 276,060 shares. The vesting expense for these shares was $13,803 for the year ended December 31, 2020. These shares were not issued as of September 30, 2021, and are reflected as shares to be issued. On January 1, 2021, the Company entered into a royalty free trademark licensing agreement between Elite Beverage International Corp. and its subsidiary BYLT Performance LLC in consideration for 5,000,000 (valued par at $.0001 per share) shares in the amount of $500 which were issued April 29, 2021. On January 21, 2021 we issued 4,176,000 common subscription shares to accredited investors in the amount of $208,800. In 2021, we issued 3,287,000 shares of our common stock for services (consulting and advertising) valued at $160,547. On October 1, 2021, we issued 60,000 shares of our common stock for a commitment fee valued at $3,000. On October 1, 2021, we issued 400,000 shares of our common stock for patent acquisition valued at $20,000. For the year ended December 31, 2021, an impairment loss of $20,000 was recognized on this patent acquisition and recorded to other income (expense). In November of 2021 we issued 1,110,000 shares of our common stock for our Reg D offering valued at $111,000 at a per share price of $.10. As of December 31, 2021, we had 98,971,300 common shares outstanding. Common Stock Warrants None.

PREFERRED STOCK

PREFERRED STOCK	12 Months Ended
	Dec. 31, 2021
PREFERRED STOCK
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	12 Months Ended
	Dec. 31, 2021
GOING CONCERN
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.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2021
ACQUISITIONS
ACQUISITIONS	NOTE 7 - ACQUISITIONS Stock Exchange Agreement – Elite Beverage Holdings Corp. On February 2, 2018, the Company closed on an Stock Exchange Agreement (“SEA”) with Elite Beverage International Corp. Pursuant to the SEA, we purchased all of Joey Firestone and Jon McKenzie’s 100,000,000 common shares and 10,000,000 preferred shares in Elite Beverage International Corp., which gave the Company ownership of all of its assets and liabilities in exchange for 50,000,000 common shares and 10,000,000 preferred shares of the Company. Elite Beverage was formed on November 29, 2017 (inception) and is currently producing a first of its kind functional sports beverage. BYLT® (Beyond Your Limit Training) 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. This acquisition was accounted for as an acquisition by entities under common control due to the fact that both Elite Performance Holdings Corp. and Elite Beverage International Corp. were and continue to be commonly held by Joey Firestone and Jon McKenzie. The ownership structure of the Company did not change as a result nor did any of its officer’s change positions. As the assets acquired were from an entity under common control, the assets from Elite Beverage International Corp. have been combined at historical cost for all periods presented, with no step-up in basis. See below for the recognition entry for the stock issued for the acquisition: Additional paid-in-capital 6,000 Common stock, based on par value of $0.0001 $ (5,000 ) Preferred stock, based on par value of $0.0001 $ (1,000 ) Also pursuant to ASC Section 805-50-45, financial statements and financial information presented for the period ended have been retrospectively adjusted to furnish comparative information. Therefore, the accompanying combined financial statements as of and for the period from January 30, 2018 (inception) to December 31, 2019 present the combined financial position and results of operations of the Company and Elite Beverage International Corp. despite the acquisition occurring on February 2, 2018. Intercompany transactions occurred on or after January 30, 2018 have been eliminated. Likewise, for the period from January 30, 2018 through February 2, 2018, effects of any intra-entity transactions (between the Company and Elite Beverage International Corp.) have been eliminated, resulting in operations for the period prior to Acquisition date essentially being on the same basis as operations post Acquisition date.

NOTE PAYABLE

NOTE PAYABLE	12 Months Ended
	Dec. 31, 2021
NOTE PAYABLE
NOTE PAYABLE	NOTE 8 - 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. As of February 9, 2022 The SBA has paid off the balance of the PPP loan with the lendor. The company is waiting for formal confirmation from the SBA on the status of the loan balance. During the year of 2021, the Company received $24,000 proceeds from a non-convertible, non-interest bearing loan from a non-related party that was repaid in full on November, 5 2021.

CONVERTIBLE NOTES PAYABLE AND N

CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE	12 Months Ended
	Dec. 31, 2021
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE	NOTE 9 - CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE 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. This note also included an original discount fee of $ $7,500, we amortized $27,378 during the year ended December 31, 2019 and $301 for the year ended December 31, 2020 and $0 for the year ended December 31, 2021 had an outstanding balance of $0 as of December 31, 2021. On May 14, 2019 we paid $5,000 of principal on this note and as of December 31, 2021 the outstanding balance was $152,500. 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 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, we amortized $616 during the year ended December 31, 2019 and $8,384 during the year ended December 31, 2020 and $0 during the year ended December 31, 2021. As of December 31, 2021 the balance on this debt discount was $0. We also issued 500,000 commitment shares valued at $25,000 on December 11, 2019 and recorded to debt discount. We amortized $1,712 for the year ended December 31, 2019, and $23,288 and $0 for the years ended December 31, 2020 and 2021 respectively. As of December 31, 2021 the balance on this debt discount was $0. The outstanding balance on this note as of December 31, 2021, was $189,000. 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 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 included an original discount fee of $7,500, which was recorded to debt discount.We amortized $26,452 and $1,048 during the years ended December 31, 2020 and 2021 respectively and the convertible note had an outstanding balance of $157,500 as of December 31, 2021. On July 21, 2021 we issued a convertible promissory note to Hillyer Group LLC. in the amount of $26,250 with an interest rate of 8% per annum and a maturity date of July 21, 2022. 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 July 21, we agreed to issued 60,000 shares of common stock in consideration for the execution of this note, which were subsequently issued on October 1, 2021. These shares are restricted and subject to SEC Rule 144. These shares were valued at $3,000 and recorded to debt discount. We amortized $1,458 of the debt discount for the year ended December 31, 2021, leaving a balance of $1,542. This note also included an original discount fee of $1,250 recorded to debt discount, we amortized $547 recorded to interest expense during the year ended December 31, 2021 with a balance of $703. The outstanding balance on the note was $26,250 as of December 31, 2021. On September 16, 2021 we issued a convertible promissory note to Stout LLC. in the amount of $20,000 with an interest rate of 12% per annum and a maturity date of September 16, 2022. 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. The outstanding balance on the note was $20,000 as of December 31, 2021. 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, which was recorded as a gain on forgiveness on debt in the statement of operations. As of February 9, 2022 The SBA has paid off the balance of the PPP loan with the lender. The company is waiting for formal confirmation from the SBA on the status of the loan balance.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10 - COMMITMENTS AND CONTINGENCIES None

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Dec. 31, 2021
CONCENTRATIONS
CONCENTRATIONS	NOTE 11 - CONCENTRATIONS Concentration of Major Customers As of December 31, 2021, the Company's trade accounts receivables $0 and no concentrations. For the year ended December 31, 2021, the Company received approximately 98% of its revenue from online sales. As of December 31, 2020, the Company's trade accounts receivables were $0 and no concentrations. For the year ended December 31, 2020, the Company received approximately 41% of its revenue from one customer.

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2021
INVENTORY
INVENTORY	NOTE 12 - INVENTORY As of December 31, 2020, the Company's inventory was $10,128, which consisted of $10,128 in raw material and $0 in finished goods. As of December 31, 2021, the Company's inventory was $8,419, which consisted of $8,419 in raw material and $0 in finished goods.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 13 - SUBSEQUENT EVENTS Management evaluated subsequent events as of the date of the financial statements pursuant to ASC TOPIC 855, and reported the following events: As of December 31, 2021 to September 7, 2023, the Company has issued a total of 30,030,000 shares of common stock. Issuances were a combination of Reg D shares and restricted shares issued to consultants, endorsing athletes and debt conversion. As of February 9, 2022 The SBA has paid off the balance of the PPP loan with the lendor. The company is waiting for formal confirmation from the SBA on the status of the loan balance. In October of 2022, the Company issued 600,000 shares of common stock to “I Know a Dude, Inc.” owned by Laya Clark for outstanding debt of $60,000. In April of 2023, the Company issued 400,000 shares of common stock to Erica Stump for outstanding debt of $40,000. As of September 6, 2023, there were 130,001,300 shares of the registrant’s common stock, $0.0001 par value, issued and outstanding.

ORGANIZATION AND SIGNIFICANT _2

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
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.
Principles of Consolidation and Basis of Presentation	The consolidated financial statements include the accounts and operations of the Company, and its wholly owned subsidiary. All significant intercompany balances and transactions have been eliminated in preparing the consolidated financial statements. The Company has made certain reclassification adjustments to conform prior periods’ Consolidated Financial Statements and Notes to the Consolidated Financial Statements to the current presentation.
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 three months 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 December 31, 2021, and $0 as of December 31, 2020 respectively.
Inventory	Inventories are valued at the lower of weighted average cost or market value. Our industry experiences change 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 or expensed to cost of goods sold. As of December 31, 2021, and December 31, 2020, we had no reserve for potentially obsolete inventory. We had $8,419 and $10,128 in inventory as of December 31, 2021, and December 31, 2020.
Prepaid Expenses	We had $0 and $0 in prepaid inventory and insurance as of December 31, 2021, and December 31, 2020 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 December 31, 2021, so the diluted EPS excluded all dilutive potential shares in the diluted EPS because their effect is anti-dilutive. As of December 31, 2021, the company had $545,250 in convertible notes plus accrued interest of $158,914 that may be converted into 14,083,283 shares of common stock. We also had 100,000 shares valued at $.05, to be issued as of December 31, 2021.
Fair Value of Financial Instruments	The carrying number 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. For the Year ended December 31, 2021, and for the year ended December 31, 2020 we had $0 and $0 respectively in R&D expense.
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 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’s performance obligation is to deliver the product(s) per the contract and the obligation is met upon receipt of the product by the purchaser. Prices are predetermined plus applicable taxes and shipping costs. The company’s main source of revenue comes from online sales with the primary stream coming from the company website and Amazon. 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 year ended December 31, 2021 and for the year ended December 31, 2020 we had $6,938 and $26,154 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 for the year ended December 31, 2021, 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 December 31, 2021, we had a net operating loss carry-forward of approximately $(4,589,932) and a deferred tax asset of $963,886 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 $(963,886). 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. As of December 31, 2021, 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 December 31, 2021 and December 31, 2020: December 31, 2021 December 31, 2020 Deferred tax assets: Deferred tax assets: $ 963,886 $ 781,411 Valuation allowance (963,886 ) (781,411 ) 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. For the year ended December 31, 2020, an impairment loss of $10,000 was recognized on a licensing agreement and recorded to other income (expense). For the year ended December 31, 2021, an impairment loss of $20,000 was recognized on a Patent acquisition and recorded to other income (expense). There were no other such losses recognized during the Years ended December 31, 2021 and December 31, 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 are 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. 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. Adoption of this ASU on January 1, 2020 did not have a material effect on our consolidated financial statements. 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)	12 Months Ended
	Dec. 31, 2021
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Schedule of net deferred tax assets	December 31, 2021 December 31, 2020 Deferred tax assets: Deferred tax assets: $ 963,886 $ 781,411 Valuation allowance (963,886 ) (781,411 ) Net deferred tax asset $ - $ -

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2021
ACQUISITIONS
Schedule of stock issued for the acquisition	Additional paid-in-capital 6,000 Common stock, based on par value of $0.0001 $ (5,000 ) Preferred stock, based on par value of $0.0001 $ (1,000 )

GENERAL (Details Narrative)

GENERAL (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Sep. 29, 2021	Dec. 31, 2021	Dec. 31, 2020	Aug. 01, 2020	Feb. 02, 2018	Dec. 31, 2017
Ownership percentages		100%
Common stock, par value		$ 0.0001	$ 0.0001
Share issued for patent				200,000
Impairment loss		$ 20,000
Shares issued					100,000,000
Elite Beverage International [Member]
Common stock, par value						$ 0.0001
Bruce Kneller [Member] | Elite Beverage International [Member]
Stock issued for period	400,000
Stock issued for period, value	$ 20,000
McKenzie [Member]
Common stock, par value					$ 0.0001
Shares issued					50,000,000
Firestone [Member]
Common stock, par value					$ 0.0001
Shares issued					50,000,000

ORGANIZATION AND SIGNIFICANT _4

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Deferred tax assets:	$ 963,886	$ 781,411
Valuation allowance	(963,886)	(781,411)
Net deferred tax asset	$ 0	$ 0

ORGANIZATION AND SIGNIFICANT _5

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 01, 2018	Dec. 31, 2021	Dec. 31, 2020
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
FDIC insured amount		$ 250,000
Allowance for doubtful trade receivables		0	$ 0
Inventory		8,419	10,128
Convertible notes		545,250
Prepaid Expenses		0	0
Accrued interest		$ 158,914
Convertible notes converted in common stock shares		14,083,283
Research and development expense		$ 0	0
Revenue		$ 6,938	26,154
Federal tax rate	35%	21%
Share price		$ 0.05
Shares to be issued		100,000
Net operating loss carry forward		$ (4,589,932)
Impairment loss		20,000
Deferred tax assets		963,886	781,411
Valuation allowance		$ (963,886)	$ (781,411)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)			1 Months Ended	12 Months Ended
	Sep. 02, 2022	Sep. 04, 2020	Nov. 15, 2017	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 01, 2021	Oct. 03, 2019	Jun. 14, 2019	Feb. 02, 2018
Accrued interest				$ 158,914
Debt instrument, forgiveness				$ 105,867	$ 0
Share issued										100,000,000
On January 1, 2021 [Member]
Description of royalty free trademark licensing agreemnet				Company entered into a royalty free trademark licensing agreement between Elite Beverage International Corp. and its subsidiary BYLT Performance LLC in consideration for 5,000,000 (valued at par $.0001 per share) shares to be issued in the amount of $500 which were issued April 29, 2021
McKenzie [Member]
Interest rate		6%
Outstanding balance				$ 198,915
Interest expense					7,897	$ 12,294
Accrued interest		$ 30,693
Advance fron related party						2,000
Debt instrument, forgiveness				439,545
Share issued										50,000,000
Mr. Clark [Member]
Outstanding balance				101,922	65,922
Number of restricted stock for milestone agreement							144	144
Consulting expense				36,000	36,000
Share issued									1,000,000
The Mosely Group [Member]
Outstanding balance				4,500	$ 4,500
Accounting expense						$ 4,500
Joey Firestone [Member]
Un-reimbursed business expense				37,431
Account payable and related party				413
Joey Firestone [Member] | Employement Agreement [Member]
Number of restricted stock for milestone agreement							144
Joey Firestone [Member] | Consulting Services [Member]
Outstanding balance				115,000
Joey Firestone [Member] | Salary And Wages [Member]
Outstanding balance				$ 114,583
Notes Two [Member]
Note payables		50,185
Notes One [Member]
Note payables		$ 159,752
Elite Beverage International [Member]
Interest rate			6%
Debt instrument, forgiveness	$ 105,868
Unsecured note payable			$ 80,300
Amount of additional funding			$ 127,637

COMMON STOCK AND COMMON STOCK_2

COMMON STOCK AND COMMON STOCK WARRANTS (Details Narrative) - USD ($)				1 Months Ended	12 Months Ended
	Jun. 12, 2020	Feb. 12, 2020	Feb. 02, 2018	Feb. 19, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017	Jul. 21, 2021	Jan. 17, 2020	Dec. 04, 2019
Description of Shares registered in the s-1 registration statement					the company has raised $1,250,200 (25,000,000 shares issued and 0 of shares to be issued) through a registered offering for $1,250,000 which was registered with the SEC through an S1 registration statement which went effective on April 23, 2019
Impair license fee					$ 10,000
Common Stock, Shares Authorized					465,000,000	465,000,000
Common Stock, Par Value Per Share					$ 0.0001	$ 0.0001
Shares issued to consultant, shares	50,000			100,000	3,287,000
Stock issued during period for service, value	$ 2,500			$ 5,000	$ 160,547	$ 8,000	$ 186,023
Patents					$ 0	$ 0
Stock issued during period for managment, shares					100,000
Common stock, shares outstanding					98,971,300	84,738,300
Common stock shares issued					98,971,300	84,738,300
Convertible note payable					$ 543,004	$ 497,951
Shares issued for subscriptions, shares					417,600
Shares issued for subscriptions, amount					$ 208,800
Shares issued for patents, shares					400,000
Shares issued for patents, value					$ 20,000
Shares issued for licensing agreement, shares					5,000,000
Shares issued for licensing agreement, amount					$ 500
Shares issued for commitment fee, shares					60,000
Shares issued for commitment fee, amount					$ 3,000
Impairement loss					$ 20,000
Reg D subscriptions, shares					111,000
Share price					$ 0.05
Consulting Agreements [Member]
Common stock shares issued						276,060
Vesting expenses					$ 13,803
Accredited Investors [Member]
Common subscription shares issued to accredited investors, shares					19,254,000
Common subscription shares issued to accredited investors, amount					$ 962,700
Restricted Stock [Member]
Shares issued to consultant, shares					10,000
Stock issued during period for service, value					$ 500
Patents						$ 0
Stock issued during period for managment, shares					400,000
Stock issued during period for managment, value					$ 20,000
Common subscription shares issued to accredited investors, shares					276,060
Common subscription shares issued to accredited investors, amount					$ 13,803
Convertible note payable										$ 157,000
Convertible note payable, original discount fee									$ 3,000	$ 7,500	$ 0
Common shares issued for commitment fee, value		$ 20,000
Common shares issued for commitment fee, shares		400,000
Elite Beverage International [Member]
Common Stock, Shares Authorized								400,000,000
Common Stock, Par Value Per Share								$ 0.0001
Stock issued during period for managment, shares								100,000,000
Stock issued during period for managment, value								$ 19,000
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 ($)	Dec. 31, 2021	Dec. 31, 2020	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
Preferred stock, shares issued	10,000,000		10,000,000

ACQUISITIONS (Details)

ACQUISITIONS (Details)	Dec. 31, 2021 USD ($)
ACQUISITIONS
Additional paid-in-capital	$ 6,000
Common stock, based on par value of $0.0001	(5,000)
Preferred stock, based on par value of $0.0001	$ (1,000)

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative) - JoeyFirestone and McKenzie [Member]	Feb. 02, 2018 shares
Preferred stock purchase shares	10,000,000
Common stock purchase shares	100,000,000
Exchange for preferred stock shares	10,000,000
Exchange for common stock shares	50,000,000

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)			1 Months Ended	12 Months Ended
	Sep. 02, 2022	May 14, 2019	Apr. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
Interest rates			0.98%
Maturity date			Apr. 23, 2022
Forgiveness loan amount				$ 105,867	$ 0
Outstanding balance		$ 152,500	$ 201,352
Elite Beverage International [Member]
Forgiveness loan amount	$ 105,868
Loan through paycheck protection program			$ 24,000

CONVERTIBLE NOTES PAYABLE AND_2

CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details Narrative) - USD ($)

1 Months Ended

12 Months Ended

Feb. 12, 2020

Dec. 04, 2019

May 14, 2019

Jan. 07, 2019

Sep. 16, 2021

Jul. 21, 2021

Apr. 30, 2020

Apr. 30, 2020

Jan. 17, 2020

Jan. 17, 2019

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Sep. 02, 2021

Outstanding balance

$ 152,500

$ 201,352

Amortized of debt

$ 3,053

$ 58,921

Maturity date

Apr. 23, 2022

Original discount fees

(10,162)

(132,005)

David Stoccardo [Member]

Interest rate

8%

8%

Amortized debt amount

$ 0

0

301

$ 27,378

Amortized debt outstanding amount

152,500

0

Paid principal amount of amortization

$ 5,000

Outstanding balance

189,000

Amortized of debt

0

23,288

1,712

Debt discount

0

Secured of promissory note

$ 189,000

$ 157,500

Maturity date

Dec. 04, 2020

Jan. 08, 2020

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

Original discount fees

$ 9,000

$ 7,500

Shares issued on commitments,shares

500,000

Shares issued on commitments, amounts

$ 25,000

$ 20,000

The Hillyer Group Inc [Member]

Interest rate

8%

Amortized debt amount

1,048

26,452

Convertible notes outstanding balance

157,500

Common stock shares issued

400,000

Secured of promissory note

$ 157,500

Maturity date

Jan. 17, 2021

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

Shares issued on commitments, amounts

$ 20,000

Hillyer Group LLC [Member]

Interest rate

8%

Amortized debt amount

1,458

Outstanding balance

26,250

Common stock shares issued

60,000

Amortized of debt

547

Secured of promissory note

$ 26,250

Maturity date

Jul. 21, 2022

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

Original discount fees

$ 1,250

Stout LLC [Member]

Interest rate

12%

Outstanding balance

20,000

Secured of promissory note

$ 20,000

Maturity date

Sep. 16, 2022

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

David Stoccardo One [Member]

Amortized debt amount

$ 0

$ 8,384

$ 616

Elite Beverage Internation [Member]

Interest rate

0.98%

Forgiveness of debt amount

$ 105,868

Secured of promissory note

$ 201,352

Maturity date

Apr. 23, 2022

Restricted Stock [Member]

Debt discount

$ 0

$ 3,000

$ 7,500

Common stock shares issued

400,000

Shares issued on commitments, amounts

$ 20,000

CONCENTRATIONS (Details Narrati

CONCENTRATIONS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounts receivables	$ 0	$ 0
One Customer [Member]
Percentages of revenue	98%	41%

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
INVENTORY
Inventory	$ 8,419	$ 10,128
Inventory, raw material	8,419	10,128
Inventory, finished goods	$ 0	$ 0

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)		12 Months Ended		20 Months Ended
	Feb. 09, 2022	Dec. 31, 2021	Dec. 31, 2020	Sep. 07, 2023	Oct. 06, 2023	Apr. 30, 2023	Oct. 31, 2022
Common stock issued		$ 3,000	$ 20,000
Common Stock, Par Value Per Share		$ 0.0001	$ 0.0001
Common stock, shares issued		98,971,300	84,738,300
Subsequent Event Member
Common stock issued				$ 30,030,000
Discription of loan payment	The SBA has paid off the balance of the PPP loan with the lendor
Common Stock, Par Value Per Share					$ 0.0001
Common stock, shares issued					130,001,300
Subsequent Event Member | I Know a Dude
Outstanding debt							$ 60,000
Common stock, shares issued							600,000
Subsequent Event Member | Erica Stump
Outstanding debt						$ 40,000
Common stock, shares issued						400,000