Elite Performance Holding (BYLT) 10-K 8 Sep 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Sep. 08, 2023	Jun. 30, 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, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		130,001,300
Entity Public Float			$ 13,000,130
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 Postal Zip Code	33137
Entity Address Address Line 1	3301 NE 1st Ave Suite M704
Entity Address City Or Town	Miami
Entity Address State Or Province	FL
Security 12g Title	Common Stock $0.0001 par value
Entity Interactive Data Current	No
Auditor Name	M&K CPAS, PLLC
Auditor Location	Houston, TX
City Area Code	844
Local Phone Number	426-2958
Auditor Firm Id	2738

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash	$ 8,993	$ 1,801
Accounts receivable	25,202	0
Inventory	178,003	8,419
Prepaid expenses	1,951	0
Total Current Assets	214,149	10,220
Property and equipment, net	49,485	0
Right of use asset	130,381	0
TOTAL ASSETS	394,015	10,220
CURRENT LIABILITIES
Accounts payable	629,079	787,152
Accounts payable and accrued expenses related party	409,423	373,849
Accrued expenses	293,589	199,458
Lease liability - current	17,282	0
Notes payable, net of OID of $6,188 and $0, respectively	23,128	0
Advances	90,000	0
Convertible notes payable (net of debt discount)	545,250	543,004
Total Current Liabilities	2,007,751	1,903,463
Longterm Liabilities
Lease liability - long-term	95,993	0
PPP Loan	95,485	95,485
Total Long-Term Liabilities	191,478	95,485
Total Liabilities	2,199,229	1,998,948
Commitments and Contingencies	0	0
STOCKHOLDERS' DEFICIT
Preferred stock; $0.0001 par value, 35,000,000 shares authorized, 10,000,000 shares issued and outstanding as of December 31, 2022 and 2021, respectively	1,000	1,000
Common stock; $0.0001 par value, 465,000,000 shares authorized, 127,881,300 and 98,971,300 issued and outstanding as of December 31, 2022 and 2021, respectively	12,788	9,896
Shares to be issued	50,000	5,000
Additional paid-in capital	5,473,417	2,585,308
Accumulated deficit	(7,342,419)	(4,589,932)
Total Stockholders' Deficit	(1,805,214)	(1,988,728)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 394,015	$ 10,220

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Consolidated Balance Sheets
Discounts on notes payable	$ 6,188	$ 0
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	127,881,300	98,971,300
Common stock, shares outstanding	127,881,300	98,971,300
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 - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statements of Operations
REVENUES	$ 90,588	$ 6,938
COST OF GOODS SOLD	126,586	68,038
GROSS PROFIT (LOSS)	(35,998)	(61,100)
OPERATING EXPENSES
Legal and accounting	283,805	125,671
Advertising	310,767	57,124
Consulting	1,367,794	321,965
General and administrative	645,468	292,905
Total Operating Expenses	2,607,834	797,665
OPERATING LOSS	(2,643,832)	(858,765)
OTHER INCOME (EXPENSE)
Gain on forgiveness of PPP loan	0	105,867
Loss on impairment of assets	0	(20,000)
Gain on debt forgiveness	6,000	0
Interest expense	(114,655)	(96,029)
Total Other Income (Expense)	(108,655)	(10,162)
NET LOSS	$ (2,752,487)	$ (868,927)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ (0.02)	$ (0.01)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	112,815,779	95,357,059

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, 2020		10,000,000		84,738,300
Balance, amount at Dec. 31, 2020	$ (1,628,148)	$ 1,000	$ 13,803	$ 8,472	$ 2,069,582	$ (3,721,005)
Shares issued for subscriptions, shares				4,176,000
Shares issued for subscriptions, amount	208,800	0	0	$ 418	208,382	0
Shares issued for services, shares				3,287,000
Shares issued for services, amount	160,547	0	3,803	$ 329	164,021	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
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
Shares issued for licensing agreement, amount	0	0	0	$ 500	(500)
Shares issued for commitment fee, shares				60,000
Shares issued for commitment fee, amount	3,000	0	0	$ 6	2,994
Reg D subscriptions, shares				1,110,000
Reg D subscriptions, amount	111,000	0	0	$ 111	110,889
Shares to be issued for liability settlement	5,000	0	5,000	0	0	0
Net loss	(868,927)	$ 0	0	$ 0	0	(868,927)
Balance, shares at Dec. 31, 2021		10,000,000		98,971,300
Balance, amount at Dec. 31, 2021	(1,988,728)	$ 1,000	5,000	$ 9,896	2,585,308	(4,589,932)
Shares issued for services, shares				8,350,000
Shares issued for services, amount	835,000	0	0	$ 835	834,165	0
Reg D subscriptions, shares				18,160,000
Reg D subscriptions, amount	1,811,001	0	(5,000)	$ 1,817	1,814,184	0
Net loss	(2,752,487)	0	0	$ 0	0	(2,752,487)
Shares issued for settlement of accounts payable, shares				2,380,000
Shares issued for settlement of accounts payable, amount	278,000	0	40,000	$ 238	237,762	0
Shares issued in connection with convertible debt, shares				20,000
Shares issued in connection with convertible debt, amount	2,000	0	0	$ 2	1,998	0
Shares to be issued for Reg D subscriptions	10,000	$ 0	10,000	$ 0	0	0
Balance, shares at Dec. 31, 2022		10,000,000		127,881,300
Balance, amount at Dec. 31, 2022	$ (1,805,214)	$ 1,000	$ 50,000	$ 12,788	$ 5,473,417	$ (7,342,419)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,752,487)	$ (868,927)
Items to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	9,559	3,053
Shares issued and to be issued for services	835,000	160,547
Shares issued in connection with convertible debt	2,000	0
Gain on debt forgiveness	(6,000)	0
Depreciation expense	5,515	0
Impairment of licensing agreement	0	20,000
Gain on forgiveness of PPP loan	0	(105,867)
Changes in operating assets and liabilities
(Increase) / decrease in accounts receivable	(25,202)	0
(Increase) / decrease in inventory	(169,584)	1,709
(Increase) / decrease in prepaid expenses	(1,951)	0
(Increase) / decrease in other assets	12,230	0
Increase in accounts payable - Related party	95,574	151,111
Increase in accounts payable and accrued expenses	160,058	295,123
Net Cash Used in Operating Activities	(1,835,288)	(343,251)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(55,000)	0
Net Cash Used in Investing Activities	(55,000)	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible debt	0	25,000
Proceeds from notes payable	50,460	24,000
Repayments of notes payable	(34,645)	(24,000)
Payments on financing leases	(29,336)	0
Proceeds from advances	90,000	0
Proceeds from sale of common stock and shares to be issued	1,821,001	319,800
Net Cash Provided by Financing Activities	1,897,480	344,800
Increase (Decrease) in Cash	7,192	1,549
CASH AT BEGINNING OF YEAR	1,801	252
CASH AT END OF YEAR	8,993	1,801
Supplemental Information:
Interest Paid	5,832	0
Taxes	0	0
Supplemental Non-Cash Information:
Shares issued for commitment fees	0	3,000
Shares issued for sub/licensing contract	0	500
Shares issued for patents	0	20,000
Convertible note issued for accounts payable	0	20,000
Shares issued for stock payable	0	13,803
Shares issued and to be issued for payment of accounts payable	278,000	5,000
Recognition of lease asset and lease liability	$ 142,613	$ 0

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2022
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, 2022
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	Note 2 Organization and Significant Accounting Policies These consolidated 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 December 31, 2022 the Company had an accumulated deficit of $7,359,525. 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 consolidated 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. Principles of Consolidation and Basis of Presentation The consolidated financial statements include the operations of the Company and its wholly-owned subsidiary, Elite Beverage International Corp. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company’s consolidated financial statements are prepared using the accrual method of accounting and are presented in accordance with U.S. Generally Accepted Accounting Principles (GAAP). 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 December 31, 2022 and 2021. 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 December 31, 2022 and 2021 we had no reserve for potentially obsolete inventory. As of December 31, 2022 and 2021 we had $178,003 and $8,419 in inventory respectively. Prepaid Expenses Prepaid expenses are expenditures that have not yet been consumed, and so are capitalized for a short period of time. They are initially recorded on the balance sheet as current assets, and are later charged to expense. Basic and Diluted Loss Per Share The Company presents both basic and diluted earnings per share (EPS) on the face of the statement of operations. 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 for the year ended December 31, 2022 and 2021, so the diluted EPS excluded all dilutive potential shares in the diluted EPS because their effect is anti-dilutive. As of December 31, 2022, the Company had $545,250 in convertible notes plus accrued interest of $259,971 that may be converted into 16,104,420 shares of common stock. 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. 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 years ended December 31, 2022 and 2021. 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 distributors, retail stores and gyms, and online sales primarily 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, 2022 and 2021 we had $90,588 and $6,938, 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 computes its income tax expense 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, 2022 and 2021, we had a net operating loss carry-forward of approximately $7,342,000 and $4,590,000 and a deferred tax asset of approximately $1,542,000 and $964,000 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 recorded a valuation allowance of approximately $1,542,000 and $964,000. 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, 2022 and 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, 2022, and 2021: December 31, 2022 December 31, 2021 Deferred tax assets: Deferred tax assets $ 1,542,000 $ 964,000 Valuation allowance (1,542,000 ) (964,000 ) 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. In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718). This update is intended to reduce cost and complexity and to improve financial reporting for share-based payments issued to non-employees (for example, service providers, external legal counsel, suppliers, etc.). The ASU expands the scope of Topic 718, Compensation-Stock Compensation, which currently only included share-based payments issued to employees, to also include share-based payments issued to non-employees for goods and services. Consequently, the accounting for share-based payments to non-employees and employees will be substantially aligned. This standard will be effective for financial statements issued by public companies for the annual and interim periods beginning after December 15, 2018. Early adoption of the standard is permitted. The standard will be applied in a retrospective approach for each period presented. 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, 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 for the year ended December 31, 2021.There were no such losses recognized during the year ended December 31, 2022. 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 recorded on the straight-line basis method over the estimated useful lives of the assets. Recently Issued Accounting Standards We adopted the following ASUs during 2022, none of which had a material impact to our consolidated financial statements or financial statement disclosures: ASU Effective Date 2021-04 Issuer’s Accounting for Certain Modifications or Exchanges of Warrants January 1, 2022 2021-05 Lessors - Certain Leases with Variable Lease Payments January 1, 2022 2021-08 Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers January 1, 2022 2022-06 Reference Rate Reform: Deferral of the Sunset Date of Topic 848 December 21, 2022 Accounting Standards Issued But Not Yet Adopted ASU 2022-02, Financial Instruments – Credit Losses, Troubled Debt Restructurings and Vintage Disclosures. All other ASUs issued but not yet adopted were assessed and determined to be either not applicable or are not expected to have a material impact on our consolidated financial statements or financial statement disclosures.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 3 - RELATED PARTY TRANSACTIONS Accounts and Notes Payable related party For the year ended December 31, 2022, and 2021, 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, 2022 and 2021, we had an outstanding balance due of $77,922 and $101,922, respectively, which is included in accounts payable related party on the consolidated balance sheet. As of December 31, 2022 and 2021, we had outstanding balances due to Joey Firestone of $26,689 and $37,431, respectively, for un-reimbursed business expenses. As of December 31, 2022 and 2021, we also had an outstanding balance due to Joey Firestone of $55,000 and $115,000, respectively, for consulting services, and $245,312 and $114,583 for salary, 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, 2022 and 2021, we had an outstanding balance due of $4,500 and $4,913, respectively, which is included in accounts payable related party. One February 1, 2021 the Company renewed the employment agreement with Joey Firestone with milestone performance bonuses in shares of restricted 144 stock. 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. On May 6, 2022, the Company entered into a lease agreement with its CEO, Joey Firestone, for three cargo vans to be used for delivery and distribution of its products. Mr. Firestone is the guarantor of these vehicles, which he acquired for the sole purpose of the operations of Elite Beverage International. Total initial payments for all three vehicles were $19,000. Each vehicle has a purchase option upon the completion of the lease agreement. See Note 4 for additional details.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
LEASES
LEASES	NOTE 4 - LEASES Our adoption of ASU 2016-02, Leases (Topic 842), and subsequent ASUs related to Topic 842, requires us to recognize substantially all leases on the balance sheet as an ROU asset and a corresponding lease liability. The new guidance also requires additional disclosures as detailed below. We adopted this standard on the effective date of January 1, 2019 and used this effective date as the date of initial application. Under this application method, we were not required to restate prior period financial information or provide Topic 842 disclosures for prior periods. We elected the ‘package of practical expedients,’ which permitted us to not reassess our prior conclusions related to lease identification, lease classification, and initial direct costs, and we did not elect the use of hindsight. Lease ROU assets and liabilities are recognized at commencement date of the lease, based on the present value of lease payments over the lease term. The lease ROU asset also includes any lease payments made and excludes any lease incentives. When readily determinable, we use the implicit rate in determining the present value of lease payments. When leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date, including the lease term. We recognized a $142,613 right-of-use asset and $142,613 in a related party lease liability for our finance leases. For our finance leases, the asset is included in other long-term assets on the balance sheet and is amortized within operating income over the lease term. The long-term component of the lease liability is included in other long-term liabilities, net, and the current component is included in other current liabilities. On May 6, 2022, the Company entered into a lease agreement with its CEO, Joey Firestone, for three cargo vans to be used for delivery and distribution of its products. Mr. Firestone is the guarantor of these vehicles, which he acquired for the sole purpose of the operations of Elite Beverage International. Total initial payments for all three vehicles were $19,000. $5,000.00 each for two vehicles and $9000 for one. (Mercedes Sprinter Van.) The monthly payment for each vehicle is 66 month of $706.07,(APR 8.99%) 72 months of $806.76,(APR9.95%) 72 months of $796.94. (APR 10.59%) Each vehicle has a purchase option upon the completion of the lease agreement. The Company incurred amortization expense, which is included as part of selling, general and administrative expenses, of $12,232 and $0 and $5,832 and $0 of interest expense for the years ended December 31, 2022 and 2021, respectively. The tables below present financial information associated with our leases. December 31, December 31, Balance Sheet Classification 2022 2021 Right-of-use assets Other long-term assets $ 130,381 $ 0 Current lease liabilities Other current liabilities 17,282 0 Non-current lease liabilities Other long-term liabilities 95,993 0 As of December 31, 2022, our maturities of our lease liabilities are as follows: December 31, 2022 Maturity of lease liabilities Financing Leases 2023 $ 27,717 2024 27,717 2025 27,717 2026 27,717 2027 27,011 Thereafter 23,019 Total lease payments $ 160,898 Less: Imputed interest (47,623 ) Present value of lease liabilities $ 113,275

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	NOTE 5 - PROPERTY AND EQUIPMENT The following is a summary of property and equipment—at cost, less accumulated depreciation: December 31, 2022 Trucks 55,000 Total cost 55,000 Less accumulated depreciation (5,515 ) Net, property and equipment $ 49,485 Depreciation expense for the year ended December 31, 2022 and 2021 was $5,515 and $0, respectively. The trucks are being depreciated over a useful life of 5 years.

COMMON STOCK AND COMMON STOCK W

COMMON STOCK AND COMMON STOCK WARRANTS	12 Months Ended
	Dec. 31, 2022
COMMON STOCK AND COMMON STOCK WARRANTS
COMMON STOCK AND COMMON STOCK WARRANTS	NOTE 6 - COMMON STOCK AND COMMON STOCK WARRANTS Common Stock The Company had authorized a total of 400,000,000 shares of Common Stock, par value $0.0001 as of December 31, 2017 for Elite Beverage International. However, Elite Performance Holding Corp. is now the successor company and as of December 31, 2022 there are 465,000,000 (Four Hundred Sixty-Five Million) shares authorized par value $0.0001. 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: 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, 2022, the Company has raised $1,250,000 (25,000,000 shares 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 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 Regulation D offering valued at $111,000 at a per share price of $.10. In the year ended December 31, 2022, we issued 18,160,000 common subscription shares to accredited investors for subscription agreements in the amount of $1,811,001.In the year ended December 31, 2022, we have also received $10,000 for shares to be issued to accredited investors for subscription agreements. In the year ended December 31, 2022, we issued 8,350,000 shares for services in the amount of $835,000 valued at $0.10 per share. In the year ended December 31, 2022, we recognized $238,000 in shares issued and $40,000 in shares to be issued for settlement of accounts payable valued at $0.10 per share for a total of 2,780,000 shares. In the year ended December 31, 2022, we issued 20,000 shares in connection with a convertible note in the amount of $2,000 valued at $0.10 per share. The $2,000 was expensed in the year ended December 31, 2022. Common Stock Warrants None.

PREFERRED STOCK

PREFERRED STOCK	12 Months Ended
	Dec. 31, 2022
PREFERRED STOCK
PREFERRED STOCK	NOTE 7 - 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, 2022
GOING CONCERN
GOING CONCERN	NOTE 8 - GOING CONCERN The Company’s consolidated 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 of sports drinks. 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.

NOTE PAYABLE

NOTE PAYABLE	12 Months Ended
	Dec. 31, 2022
NOTE PAYABLE
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 $105,867 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 and once received will record the forgiveness of the debt. The balance of this loan is $95,485 at December 31, 2022 and 2021. In the second quarter and third quarter of 2022, the Company entered into a non-convertible, non-interest bearing advance for $90,000 from a third party. Monies to be paid back over the course of the next 12 months. In July of 2022, the Company entered into a receivables and sale note payable agreement with a third party. The funded amount by the third party was $50,460, this amount is the purchase price less fees and is the net amount funded to the Company. This note will be paid back with 48 weekly installments of $1,332, for a total amount of $63,960 to be paid back. The note contains Original Issue Discount (OID) of $13,500 at issuance. As of December 31, 2022, the Company owes $29,316 on this note payable and the OID balance is $6,188, leaving a net balance of $23,128. The Company has recorded $7,313 as interest expense for the year ended December 31, 2022 related to this OID. Gain on debt forgiveness In the third quarter of 2022, the Company entered into a settlement agreement with a vendor settling $12,000 of accounts payable for two payments totaling $6,000, resulting in a gain on debt forgiveness of $6,000.

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	12 Months Ended
	Dec. 31, 2022
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE	NOTE 10 - CONVERTIBLE 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 are 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 and had an outstanding balance of $0 as of September 30, 2022. On May 14, 2019 we paid $5,000 of principal on this note and as of December 31, 2022 the outstanding balance was $152,500. On March 28, 2019 the Company issued David Stoccardo an additional convertible promissory note in the amount of $7,875, with the same terms as his convertible note issued on January 7, 2019. On July 5, 2022, the Company issued 20,000 shares to this note holder and recorded $2,000 as additional interest expense for these shares, valued at $0.10 per share. The $2,000 of additional interest expense was expensed in the year ended December 31, 2022. The balance of this note at December 31, 2022 is $0. This note is in default and is accruing interest at the default rate of 18%. 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. As of December 31, 2022 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. The outstanding balance on this note as of December 31, 2022, is $189,000. This note is in default and is accruing interest at the default rate of 18%. 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 $1,500 for the year ended December 31, 2022 leaving a balance of $0 and the convertible note had an outstanding balance of $157,500 as of December 31, 2022. This note is in default and is accruing interest at the default rate of 18%. 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 issue 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 and $1,500 for the nine months ended September 30, 2022 leaving a balance of $42. 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 and $703 for the year ended December 31, 2022 leaving a balance of $0. The outstanding balance on the note was $26,250 as of December 31, 2022. This note is in default and is accruing interest at the default rate of 18%. 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, 2022. This note is in default and is accruing interest at the default rate of 18%. Total interest expense including discount amortization on the above notes and $955 of interest expense on the PPP loan for the year ended December 31, 2022 and 2021 was $101,510 and $95,525, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 11 - COMMITMENTS AND CONTINGENCIES None

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Dec. 31, 2022
CONCENTRATIONS
CONCENTRATIONS	NOTE 12 - CONCENTRATIONS Concentration of Major Customers As of December 31, 2021, the Company’s trade accounts receivables were $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, 2022, the Company’s trade accounts receivables were $25,202 and 1 customer accounted for 90% of the trade accounts receivable balance. For the year ended December 31, 2022, the Company received approximately 23% of its revenue from online sales and 1 customer accounted for 15% of total revenue.

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2022
INVENTORY
INVENTORY	NOTE 13 - INVENTORY As of December 31, 2022, the Company’s inventory was $178,003, which consisted of $46,740 in raw material and $131,263 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, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 14 - SUBSEQUENT EVENTS In accordance with ASC 855, the Company has analyzed its operations subsequent to December 31, 2022 through the date these consolidated financial statements were issued and has reported the following events: As of December 31, 2022 to September 8, 2023, the Company has issued a total of 3,220,000 shares of common stock. Issuances were a combination of Reg D shares and restricted shares issued to consultants, endorsing athletes and debt conversion. 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 8, 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, 2022
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation and Basis of Presentation	The consolidated financial statements include the operations of the Company and its wholly-owned subsidiary, Elite Beverage International Corp. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company’s consolidated financial statements are prepared using the accrual method of accounting and are presented in accordance with U.S. Generally Accepted Accounting Principles (GAAP). 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 December 31, 2022 and 2021.
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 December 31, 2022 and 2021 we had no reserve for potentially obsolete inventory. As of December 31, 2022 and 2021 we had $178,003 and $8,419 in inventory respectively.
Prepaid Expenses	Prepaid expenses are expenditures that have not yet been consumed, and so are capitalized for a short period of time. They are initially recorded on the balance sheet as current assets, and are later charged to expense.
Basic and Diluted Loss Per Share	The Company presents both basic and diluted earnings per share (EPS) on the face of the statement of operations. 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 for the year ended December 31, 2022 and 2021, so the diluted EPS excluded all dilutive potential shares in the diluted EPS because their effect is anti-dilutive. As of December 31, 2022, the Company had $545,250 in convertible notes plus accrued interest of $259,971 that may be converted into 16,104,420 shares of common stock. 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.
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 years ended December 31, 2022 and 2021.
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 distributors, retail stores and gyms, and online sales primarily 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, 2022 and 2021 we had $90,588 and $6,938, 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 computes its income tax expense 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, 2022 and 2021, we had a net operating loss carry-forward of approximately $7,342,000 and $4,590,000 and a deferred tax asset of approximately $1,542,000 and $964,000 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 recorded a valuation allowance of approximately $1,542,000 and $964,000. 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, 2022 and 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, 2022, and 2021: December 31, 2022 December 31, 2021 Deferred tax assets: Deferred tax assets $ 1,542,000 $ 964,000 Valuation allowance (1,542,000 ) (964,000 ) 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. In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718). This update is intended to reduce cost and complexity and to improve financial reporting for share-based payments issued to non-employees (for example, service providers, external legal counsel, suppliers, etc.). The ASU expands the scope of Topic 718, Compensation-Stock Compensation, which currently only included share-based payments issued to employees, to also include share-based payments issued to non-employees for goods and services. Consequently, the accounting for share-based payments to non-employees and employees will be substantially aligned. This standard will be effective for financial statements issued by public companies for the annual and interim periods beginning after December 15, 2018. Early adoption of the standard is permitted. The standard will be applied in a retrospective approach for each period presented.
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, 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 for the year ended December 31, 2021.There were no such losses recognized during the year ended December 31, 2022.
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 recorded on the straight-line basis method over the estimated useful lives of the assets.
Recently Issued Accounting Standards	We adopted the following ASUs during 2022, none of which had a material impact to our consolidated financial statements or financial statement disclosures: ASU Effective Date 2021-04 Issuer’s Accounting for Certain Modifications or Exchanges of Warrants January 1, 2022 2021-05 Lessors - Certain Leases with Variable Lease Payments January 1, 2022 2021-08 Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers January 1, 2022 2022-06 Reference Rate Reform: Deferral of the Sunset Date of Topic 848 December 21, 2022 Accounting Standards Issued But Not Yet Adopted ASU 2022-02, Financial Instruments – Credit Losses, Troubled Debt Restructurings and Vintage Disclosures. All other ASUs issued but not yet adopted were assessed and determined to be either not applicable or are not expected to have a material impact on our consolidated financial statements or financial statement disclosures.

ORGANIZATION AND SIGNIFICANT _3

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Schedule of net deferred tax assets	December 31, 2022 December 31, 2021 Deferred tax assets: Deferred tax assets $ 1,542,000 $ 964,000 Valuation allowance (1,542,000 ) (964,000 ) Net deferred tax asset $ - $ -
Schedule of recently issued accounting pronouncements	ASU Effective Date 2021-04 Issuer’s Accounting for Certain Modifications or Exchanges of Warrants January 1, 2022 2021-05 Lessors - Certain Leases with Variable Lease Payments January 1, 2022 2021-08 Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers January 1, 2022 2022-06 Reference Rate Reform: Deferral of the Sunset Date of Topic 848 December 21, 2022

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
LEASES
Schedule of leases	December 31, December 31, Balance Sheet Classification 2022 2021 Right-of-use assets Other long-term assets $ 130,381 $ 0 Current lease liabilities Other current liabilities 17,282 0 Non-current lease liabilities Other long-term liabilities 95,993 0
Schedule of maturity of lease liabilities	December 31, 2022 Maturity of lease liabilities Financing Leases 2023 $ 27,717 2024 27,717 2025 27,717 2026 27,717 2027 27,011 Thereafter 23,019 Total lease payments $ 160,898 Less: Imputed interest (47,623 ) Present value of lease liabilities $ 113,275

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
PROPERTY AND EQUIPMENT
Schedule of property and equipment	December 31, 2022 Trucks 55,000 Total cost 55,000 Less accumulated depreciation (5,515 ) Net, property and equipment $ 49,485

GENERAL (Details Narrative)

GENERAL (Details Narrative) - $ / shares	Sep. 08, 2023	Dec. 31, 2022	Dec. 31, 2021	Apr. 29, 2021	Jan. 01, 2021	Feb. 02, 2018	Dec. 31, 2017
Common stock, par value		$ 0.0001	$ 0.0001
Common stock, shares issued	130,001,300	127,881,300	98,971,300
Elite Beverage International [Member]
Common stock, par value							$ 0.0001
Ownership percentages		100%
Common stock, shares issued				500	5,000,000
Firestone and McKenzie [Member]
Common stock, par value						$ 0.0001
Common stock, shares issued						50,000,000
Shares issued						100,000,000

ORGANIZATION AND SIGNIFICANT _4

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Deferred tax assets:	$ 1,542,000	$ 964,000
Valuation allowance	(1,542,000)	(964,000)
Net deferred tax asset	$ 0	$ 0

ORGANIZATION AND SIGNIFICANT _5

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details 1)	12 Months Ended
	Dec. 31, 2022
December 21,2022 [Member] | Accounting Standards Update 2020-06 [Member]
Accounting standard	Reference Rate Reform: Deferral of the Sunset Date of Topic 848
January 1,2022 | Accounting Standards Update 2021-04 [Member]
Accounting standard	Issuer’s Accounting for Certain Modifications or Exchanges of Warrants
January 1,2022 [Member] | Accounting Standards Update 2021-05 [Member]
Accounting standard	Lessors - Certain Leases with Variable Lease Payments
January 01,2022 [Member] | Accounting Standards Update 2021-08 [Member]
Accounting standard	Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers

ORGANIZATION AND SIGNIFICANT _6

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Accumulated deficit	$ (7,359,525)
FDIC insured amount	250,000
Allowance for doubtful trade receivables	0	$ 0
Inventory	178,003	8,419
Accrued interest	259,971	158,914
Convertible notes	$ 545,250	$ 545,250
Convertible notes converted in common stock shares	16,104,420	14,083,283
Research and development expense	$ 0	$ 0
Revenue	$ 90,588	$ 6,938
Federal Tax Rate	21%	35%
Net operating loss carry forward	$ (7,342,000)	$ (4,590,000)
Deferred tax asset	1,542,000	964,000
Valuation allowance	(1,542,000)	(964,000)
Impairment loss	$ 0	$ 20,000
Statutory rate	21%	21%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 08, 2023	May 06, 2021	Apr. 29, 2021	Jan. 01, 2021
Shares issued	127,881,300	98,971,300	130,001,300
Mr. Clark [Member]
Outstanding balance	$ 77,922	$ 101,922
Consulting expense	36,000	36,000
The Mosely Group [Member]
Outstanding balance	4,500	4,913
Accounting expense	4,500
Joey Firestone [Member]
Consulting expense	55,000	115,000
Salary	245,312	114,583
Un-reimbursed business expense	$ 26,689	$ 37,431
Elite Beverage International [Member]
Shares issued					500	5,000,000
Shares issued par value						$ 0.0001
Lease payment				$ 19,000

LEASES (Details)

LEASES (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Right-of-use assets	$ 130,381	$ 0
Leases
Right-of-use assets	130,381	0
Current lease liabilities	17,282	0
Non-current lease liabilities	$ 95,993	$ 0

LEASES (Details 1)

LEASES (Details 1) - Leases	Dec. 31, 2022 USD ($)
2023	$ 27,717
2024	27,717
2025	27,717
2026	27,717
2027	27,011
Thereafter	23,019
Total lease payments	160,898
Less : Imputed interest	(47,623)
Present value of lease liabilities	$ 113,275

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest expense	$ 114,655	$ 96,029
Leases
Finance Lease Right-of-use asset	142,613
Lease liability related party	$ 142,613
CEO, Joey Firestone
Description of vehicles payment	Total initial payments for all three vehicles were $19,000. $5,000.00 each for two vehicles and $9000 for one. (Mercedes Sprinter Van.) The monthly payment for each vehicle is 66 month of $706.07,(APR 8.99%) 72 months of $806.76,(APR9.95%) 72 months of $796.94. (APR 10.59%)
Selling, general and administrative expenses	$ 12,232	0
Interest expense	$ 5,832	$ 0

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property and Equipment	$ 49,485	$ 0	$ 49,485
Property and Equipment	$ (49,485)	$ 0	(49,485)
Trucks
Property and Equipment			55,000
Property and Equipment			(55,000)
Total Cost
Property and Equipment			55,000
Property and Equipment			(55,000)
Accumulated Depreciation
Property and Equipment			5,515
Property and Equipment			$ (5,515)

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
PROPERTY AND EQUIPMENT
Depreciation expense	$ 5,515	$ 0
Estimated Useful Life	5 years

COMMON STOCK AND COMMON STOCK_2

COMMON STOCK AND COMMON STOCK WARRANTS (Details Narrative) - USD ($)			1 Months Ended			12 Months Ended
	Oct. 02, 2021	Feb. 02, 2018	Nov. 30, 2021	Apr. 29, 2021	Jan. 21, 2021	Dec. 31, 2022	Dec. 31, 2021	Sep. 08, 2023	Jan. 01, 2021	Dec. 31, 2017
Description of Shares registered in the s-1 registration statement						the Company has raised $1,250,000 (25,000,000 shares 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.
Common Stock, Shares Authorized						465,000,000	465,000,000
Common Stock, Par Value Per Share						$ 0.0001	$ 0.0001
Shares issued for services amount						$ 835,000	$ 160,547
Shares issued						127,881,300	98,971,300	130,001,300
Common subscription shares issued to accredited investors, shares						16,104,420	14,083,283
Royalty Free Trademark Licensing Agreement [Member]
Common shares issued for consideration shares				5,000,000
Common Stock, Par Value Per Share				$ 0.0001
Offering value of shares				$ 500
Accredited Investors [Member]
Common subscription shares issued to accredited investors, shares					4,176,000	18,160,000
Common subscription shares issued to accredited investors, amount					$ 208,800	$ 1,811,001
Received shares to be issued amount						$ 10,000
Restricted Stock [Member]
Shares issued for services shares						8,350,000	3,287,000
Shares issued for services amount						$ 835,000	$ 160,547
Accounts payable						$ 40,000
Shares issued with a convertible note shares						20,000
Shares issued with a convertible note amount						2,000
Shares issued			1,110,000			238,000
Total common stock shares issued						2,780,000
Offering value of shares			$ 111,000
Common Stock Price Per Share			$ 0.10			$ 0.10
Shares Price Per Share						$ 0.10
Common shares for financing and commitment fees, shares	60,000
Common shares for patent acquisition shares	400,000
Common shares for financing and commitment fees, amount	$ 3,000
Common shares for patent acquisition amount	$ 20,000
Impairment loss of other income (expense).							$ 20,000
Other expense						$ 2,000
Elite Beverage International [Member]
Common Stock, Shares Authorized										400,000,000
Common Stock, Par Value Per Share										$ 0.0001
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.
Shares issued				500					5,000,000
Common Stock Price Per Share									$ 0.0001

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - USD ($)	Feb. 02, 2018	Dec. 31, 2022	Dec. 31, 2021	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	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
Preferred stock, shares issued		10,000,000		10,000,000

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended			12 Months Ended
	Sep. 02, 2021	Apr. 30, 2020	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Jul. 31, 2022
Balance Of Loan						$ 95,485	$ 95,485
note payable						29,316
Net Balance or Notes Payable						23,128
gain on debt forgiveness For Settlement Agreement	$ 105,867
Interest rates		0.98%
Maturity date		Apr. 23, 2022
interest expense						$ 114,655	96,029
Outstanding balance		$ 201,352
Advance For Third Party				$ 90,000	$ 90,000
Paid Back For Advance Payment						12 months
Purchase Price for notes Payable						$ 50,460	$ 24,000
Original Issue Discount						6,188
Gain On Debt Forgiveness
Settlement For Accounts Payable Agreement			$ 12,000
gain on debt forgiveness For Settlement Agreement			$ 6,000
July 2022
interest expense						7,313
Purchase Price for notes Payable						50,460
Installments						1,332
Total Amount						$ 63,960
Original Issue Discount								$ 13,500

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)						1 Months Ended						12 Months Ended
	Jul. 05, 2022	Dec. 11, 2019	Dec. 04, 2019	May 14, 2019	Jan. 07, 2019	Sep. 30, 2022	Sep. 16, 2021	Jul. 21, 2021	Apr. 30, 2020	Jan. 17, 2020	Mar. 28, 2019	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest expense other												$ 955
PPP Loan								$ 95,525				101,510
Maturity date									Apr. 23, 2022
Common stock value												12,788	$ 9,896
Original discount fees												(108,655)	(10,162)
Outstanding balance									$ 201,352
Debt discount												6,188
David Stoccardo [Member]
Secured of promissory note			$ 189,000		$ 157,500						$ 7,875
Interest rate			8%		8%
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		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
Common stock shares issued	20,000									400,000
Common stock value										$ 20,000
Original discount fees			$ 9,000			$ 7,500
Outstanding balance				$ 152,500		0						189,000
Payment of principal amount				$ 5,000
Interest expense debt												2,000
Common stock value per share	$ 0.10
Debt discount												0
Amortized of debt													0	$ 23,288	$ 1,712
Shares issued on commitments,shares		500,000
Shares issued on commitments, amounts		$ 25,000
Default note interest rate			18%		18%
The Hillyer Group Inc [Member]
Secured of promissory note								$ 26,250		$ 157,500
Interest rate								8%		8%
Maturity date								Jul. 21, 2022		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		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
Common stock shares issued								60,000		400,000
Common stock value								$ 3,000		$ 20,000
Outstanding balance												157,500
Debt discount								$ 3,000		$ 7,500
Amortized of debt												1,500	1,048	$ 26,452
Default note interest rate								18%		18%
The Hillyer Group Inc One [Member]
Outstanding balance												26,250
Interest expense debt												703	547
Balance of interest expense												0
Debt discount													1,250
Amortized of debt						$ 1,500							$ 1,458
Balance of amortized of debt												$ 42
Stout LLC [Member]
Secured of promissory note							$ 20,000
Interest rate							12%
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
Outstanding balance							$ 20,000
Default note interest rate							18%

CONCENTRATIONS (Details Narrati

CONCENTRATIONS (Details Narrative) - USD ($)	12 Months Ended	36 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounts receivables	$ 25,202	$ 0
Revenue From Online Sales	23%	98%
One Customer [Member]
Trade Accounts Receivable	90%
Total Revenue	15%

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
INVENTORY
Inventory	$ 178,003	$ 8,419
Inventory, raw material	46,740	8,419
Inventory, finished goods	$ 131,263	$ 0

SUBSEQUENTS EVENTS (Details Nar

SUBSEQUENTS EVENTS (Details Narrative) - $ / shares	Sep. 08, 2023	Apr. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Common Stock, Par Value Per Share			$ 0.0001	$ 0.0001
Shares issued	130,001,300		127,881,300	98,971,300
Common Stock Outstanding	130,001,300		127,881,300	98,971,300
Subsequent Event [Member]
Common Stock, Par Value Per Share	$ 0.0001
Shares issued		400,000
Common Stock Outstanding		40,000
common stock for services provided	3,220,000