| Summary of Significant Accounting Policies | Note 1 – Summary of Significant
Accounting Policies Nature of Operations Certiplex Corporation (“Certiplex”or
the “Company”) was incorporated under the laws of the State of Montana, on August 7, 2018. Certiplex is a full-service multi-media
Company with an operational approach focusing on: 1) Business Ready Opportunities through
its ready to sell Business modules. 2) Website and mobile app technology
integration design and development. 3) SEO (Search Engine Optimization)
and Social Media Integration. 4) Online video and photography content
development and distribution. On June 10, 2021, Certiplex acquired the
licensing right to the Pro Sun Lighting system for both residential and commercial use. The Company’s intent is to market the lighting
system through its online and social media sources. Basis Of Presentation The accompanying financial statements have
been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), and pursuant to the
rules and regulations of the Securities and Exchange Commission (the "SEC") and reflect all adjustments, consisting of normal
recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash
flows of the Company as of June 30, 2024 and 2023. Interim results are not necessarily indicative of full year performance. Use of Estimates The preparation of the financial statements
in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts. Accordingly, actual
results could differ from those estimates. Cash And Cash Equivalents The Company maintains a cash balance in a
non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows,
all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no Fixed Assets The Company values its investment in property,
equipment, and vehicles at cost less accumulated depreciation. Depreciation is computed primarily by the straight-line method, over the
estimated useful lives of the assets, which is five years for vehicles. For the three months ended June 30,
2024 and 2023, depreciation expense totaled $ 360 170 Licensing Rights Under Accounting Standards Codification (“ASC”)
350-50-1, costs incurred in the acquisition of an intangible asset are capitalized by the Company. The intangible assets are related to
the acquisition of the licensing rights for the Pro Sun Lighting System, which was initially being amortized to expense over the licensing
rights estimated useful life or period of benefit which is estimated to be 10 years using straight-line method; annual amortization will
be approximately $9,700 per year. On September 7, 2021 the agreement was amended and the term of the agreement was changed from 10 years
to indefinitely; therefore, at that time, no further amortization was applied. As of June 30, 2024 and December 31, 2023,
the Company had licensing rights of $ 97,000 2,425 25,000 Revenue Recognition The Company recognizes revenue in
accordance with Accounting Standards Update (ASU) 2014-09, (" Revenue from contracts with customers
i. Identification of the promised goods in the contract;
ii. Determination of whether the promised goods are performance
obligations, including whether they are distinct in the context of the contract;
iii. Measurement of the transaction price, including the constraint
of variable consideration;
iv. Allocation of the transaction price of the performance obligations;
and
v. Recognition of revenue when (or as) the Company satisfies each
performance obligation. The Company's main revenue stream is from product
sales and has no performance obligations for which they serve as agent. The performance obligation associated with a typical product sale
will be satisfied upon delivery to customers, and the revenue will be recognized at that time. Payments are due on demand. The Company
does not offer any warranty on its products; however, customers do receive a manufacturer' s warranty. The Company also has revenue from
licensing agreements. The Company licenses its intellectual property (“IP") to outside parties and determines if the license
of IP is a distinct (separate) performance obligation in accordance with Topic 606. If the license is determined not to be distinct, the
license is combined with the other goods or services and the combined performance obligation is accounted for using the general revenue
recognition model outlined above. If the license is determined to be distinct, the Company analyzes whether the license is functional
or symbolic to assess the timing of revenue recognition. The licensing of IP by the Company was determined to be a distinct performance
obligation of symbolic IP, which provides a right to access IP. Topic 606 states that revenue from licenses of IP deemed to provide a
right to use IP will be recognized at a point in time when control is transferred. In accordance with Topic 606, the
Company analyzes the following determining when to recognize licensing revenue:
i. Whether the transaction represents a sale or licensing of intellectual property (IP),
ii. Whether the IP is a distinct performance obligation,
iii. The nature of the license - functional or symbolic; and
iv. The timing of recognition based on the nature of the license. The Company only applies the five-step
model to contracts when it is probable the entity will collect the consideration it is entitled to in exchange for the goods and represents
services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company
reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are
distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligations
when the performance obligation is satisfied or as it is satisfied. The Company reviews the contract to determine which performance obligations
the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the
transaction price that is allocated to the respective performance obligations when the performance obligation is satisfied or as it is
satisfied. Generally, the Company' s performance obligations are transferred to customers at a point in time, typically upon delivery. Fair Value of Financial Instruments The carrying amounts of financial assets
and liabilities, such as cash, accounts payable, accrued expenses, and other current liabilities approximate fair value because of the
short maturity of these instruments. Income Taxes In accordance With ASC 740-10-25, deferred
tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or
settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in Income in the
period that includes the enactment date. The Company maintains a valuation allowance
with respect to deferred tax assets. The Company established a valuation allowance based upon the potential likelihood of realizing the
deferred tax asset in the future tax consequences. Changes in circumstances, such as the Company generating taxable income, could cause
a change in judgment about the reliability of the related deferred tax asset. Any change in the valuation allowance will be included in
income in the year of the change in estimate. The Company has adopted the provisions set
forth in ASC Topic 740 to account for uncertainty in income taxes. In the preparation of income tax returns in federal and state jurisdictions,
the Company asserts certain tax positions based on its understanding and interpretation of the income tax law. The taxing authorities
may challenge such positions, and the resolution of such matters could result in recognition of Income tax expense in the Company's financial
statements. Management believes it has used reasonable judgments and conclusions in the preparation of its income tax returns. The Company uses the "more likely than
not" criterion for recognizing the tax benefit of uncertain tax positions and to establish measurement criteria for income tax benefits.
The Company has determined that it has no The Company' s policy is to recognize
interest and/or penalties related to income tax matters in income tax expense. The Company had no Earnings Per Share of Common Stock The Company computes income (loss) per share
in accordance with ASC 260, which requires presentation of basic and diluted EPS on the face of the income statement for all entities
with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator
and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings (loss) per share of common stock
is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The
Company does not have a complex capital structure requiring the computation of diluted earnings per share. Impairment Of Long-Lived Assets In accordance with ASC 360-10, the Company reviews
the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment
whenever events or changes in circumstances indicate that the book value of the asset may not be recoverable. The Company determines if
the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the
asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the
asset. Fair value is determined based on the appraised value of the assets or the anticipated cash flows from the use of the asset, discounted
at a rate commensurate with the risk involved. There were no Advertising Expenses The Company follows the policy of charging the costs
of advertising, marketing, and public relations to expense as incurred. The Company had $ 32,393 25,041 26,922 23,999 Recently Issued Accounting Pronouncements There have been no recent accounting pronouncements
or changes in accounting pronouncements during the six months ended June 30, 2024 that are of significance or potential significance to
the Company. |
