One World Ventures (OWVI) 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 02, 2023
Cover [Abstract]
Entity Registrant Name	ONE WORLD VENTURES, INC.
Entity Central Index Key	0001763657
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		1,678,437,018
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-56498
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	83-1516178
Entity Address Address Line 1	3370 Pink Place
Entity Address Address Line 2	Ste. F.
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89102
City Area Code	702
Local Phone Number	331-9700
Entity Interactive Data Current	Yes

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash on hand	$ 12,000,615	$ 16,357
Note receivable - related party	97,212	120,036
Loan receivable	0	670,870
Investment in Coin World, Inc.	26,000	26,000
Total current assets	12,123,827	833,262
LIABILIIES AND STOCKHOLDERS' EQUITY
Total assets	12,123,827	833,262
CURRENT LIABILITIES
Acounts payable	151,605	94,970
Loan payable - related party	65,423	0
Total current liabilities	217,028	94,970
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value; 50,000,000 shares authorized; 30,000,000 issued and outstanding at September 30, 2023 and December 31, 2022, respectively	30,000	30,000
Common stock, $0.001 par value; 3,500,000,000 shares authorized; 1,678,437,018 issued and outstanding at September 30, 2023 and 851,074,011 at December 31, 2022	1,678,438	851,075
Additional paid-in capital	14,059,924	2,887,287
Accumulated deficit	(3,861,563)	(3,030,070)
Total stockholders' equity	11,906,799	738,292
Total liabilities and stockholders' equity	$ 12,123,827	$ 833,262

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
BALANCE SHEETS
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	30,000,000	30,000,000
Preferred stock, shares outstanding	30,000,000	30,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	3,500,000,000	3,500,000,000
Common stock, shares issued	1,678,437,018	851,074,011
Common stock, shares outstanding	1,678,437,018	851,074,011

STATEMENTS OF OPERATIONS (unaud

STATEMENTS OF OPERATIONS (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue
Interest income	$ 14,685	$ 15,585	$ 44,205	$ 46,755
Total revenue	14,685	15,585	44,205	46,755
Overhead
Audit and accounting	5,500	8,095	11,000	27,128
Consulting	0	51,600	0	92,408
Legal and filing fees	36,896	7,657	48,947	41,332
Rent	7,852	8,215	23,055	15,004
General and administrative	714,441	34,013	792,696	80,880
Total overhead	764,689	109,582	875,698	256,752
Loss from operations	(750,004)	(93,997)	(831,493)	(209,997)
Loss for the three and nine months	$ (750,004)	$ (93,997)	$ (831,493)	$ (209,997)
NET LOSS PER COMMON SHARE BASIC AND DILUTED	$ 0	$ 0	$ 0	$ 0
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC AND DILUTED	1,678,437,018	825,640,677	1,429,925,053	825,640,677

STATEMENTS OF SHAREHOLDERS EQUI

STATEMENTS OF SHAREHOLDERS EQUITY (unaudited) - USD ($)	Total	Common stock	Preferred Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2021		825,640,677	30,000,000
Balance, amount at Dec. 31, 2021	$ 726,728	$ 825,642	$ 30,000	$ 1,746,820	$ (1,875,735)
Loss for the nine months	(209,997)	$ 0	$ 0	0	(209,997)
Balance, shares at Sep. 30, 2022		825,640,677	30,000,000
Balance, amount at Sep. 30, 2022	516,731	$ 825,642	$ 30,000	1,746,820	(2,085,732)
Balance, shares at Dec. 31, 2021		825,640,677	30,000,000
Balance, amount at Dec. 31, 2021	726,728	$ 825,642	$ 30,000	1,746,820	(1,875,735)
Balance, shares at Dec. 31, 2022		851,074,011	30,000,000
Balance, amount at Dec. 31, 2022	738,292	$ 851,075	$ 30,000	2,887,287	(3,030,070)
Balance, shares at Jun. 30, 2022		825,640,677	30,000,000
Balance, amount at Jun. 30, 2022	610,727	$ 825,642	$ 30,000	1,746,820	(1,991,735)
Loss for the nine months	(93,997)	$ 0	$ 0	0	(93,997)
Balance, shares at Sep. 30, 2022		825,640,677	30,000,000
Balance, amount at Sep. 30, 2022	516,731	$ 825,642	$ 30,000	1,746,820	(2,085,732)
Balance, shares at Dec. 31, 2022		851,074,011	30,000,000
Balance, amount at Dec. 31, 2022	738,292	$ 851,075	$ 30,000	2,887,287	(3,030,070)
Loss for the nine months	(831,493)	$ 0	0	0	(831,493)
Common shares sold for cash, shares		827,363,007
Common shares sold for cash, amount	12,000,000	$ 827,363	$ 0	11,172,637	0
Balance, shares at Sep. 30, 2023		1,678,437,018	30,000,000
Balance, amount at Sep. 30, 2023	11,906,799	$ 1,678,438	$ 30,000	14,059,924	(3,861,563)
Balance, shares at Jun. 30, 2023		1,678,437,018	30,000,000
Balance, amount at Jun. 30, 2023	12,656,803	$ 1,678,438	$ 30,000	14,059,924	(3,111,559)
Loss for the nine months	(750,004)	$ 0	$ 0	0	(750,004)
Balance, shares at Sep. 30, 2023		1,678,437,018	30,000,000
Balance, amount at Sep. 30, 2023	$ 11,906,799	$ 1,678,438	$ 30,000	$ 14,059,924	$ (3,861,563)

STATEMENTS OF CASH FLOWS (unaud

STATEMENTS OF CASH FLOWS (unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Loss for the nine months	$ (831,493)	$ (209,997)
Adjustments to reconcile net loss to net cash used I operating activities:
Increase in accrued interest	42,255	(46,755)
Impairment of loan receivable and accrued interest	604,095	0
Changes in operating assets and liabilities
Increase in accounts payable	56,635	7,050
NET CASH FLOWS USED IN OPERATING ACTIVITIES	(128,508)	(249,702)
CASH FLOWS USED IN INVESTING ACTIVITIES
Advance to wholly owned subsidiary	0	(26,000)
CASH FLOWS USED IN INVESTING ACTIVITIES	0	(26,000)
CASH FLOWS FROM FINANCING ACTIVITES
Common stock issued for cash	12,000,000	0
Cash received from loan payable	0	250,000
Loan from related party	65,423	33,865
Reduction of related party loan	47,344	0
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS	12,112,766	283,865
INCREASE IN CASH AND EQUIVALENTS	11,984,258	8,164
CASH AND CASH EQUIVALENTS - beginning of period	16,357	0
CASH AND CASH EQUIVALETS - end of period	12,000,615	8,164
Cash paid for:
Interest	0	0
Income taxes	$ 0	$ 0

Operations

Operations	9 Months Ended
	Sep. 30, 2023
Operations
Operations	Note 1 – Operations Organization and Description of Business One World Ventures Inc. was a holding company that intended to invest in technologies, communities and systems that facilitate trade, finance, communication and travel, across international boundaries, cultures and languages. The Company looked for alternatives to traditional ways of doing business. Management has, in the United States, Europe and Asia, substantial international experience setting up companies and establishing trade and commerce. The company planned to leverage these skills with emerging technologies and strategic alliances to provide creative solutions and market opportunities. These businesses together would form the cornerstone of our enterprise and give the company the opportunity to grow in the coming years. This combination provided the company with a trading component, a technology component, and a finance component, all to establish a strong presence across business environments. The Company has recently added key corporate financial staff and executive level operating persons in the United States and is planning on major expansions in the short term. The Company was incorporated on July 7, 1997 under the laws of the State of Nevada. On July 6, 2018 Da Mu Lin purchased 30,000,000 shares of preferred stock, giving him voting control of the company. On January 2, 2019 the Company entered into a reverse merger with Aqueous International Corporation through a stock exchange. In this type of merger, the legal entity One World Ventures, Inc. was the surviving legal entity and capital structure, but the accounting history is that of Aqueous International Corporation. Additionally, the equity of One World Ventures, Inc. is treated as a capital contribution with no goodwill created. Aqueous International Corporation, together with its inactive subsidiaries, described in the following paragraph (collectively “AIC” or the “Company”), was established to invest, partner/joint venture with companies to cultivate, manufacture, distribute and sell cannabis products (“Products”) on Native American Reservations in the United States and Internationally, and in geographical areas where state and local ordinances permit such activities or any cannabis business opportunity which is beneficial to the Company. The Company sought strategic partnerships with state of the art cultivators, extractors, manufacturers, distributors and research and development entities to further enhance product offerings. The Company was incorporated on August 28, 2017 in the State of Delaware, and is based in Las Vegas, Nevada. The Company has elected its fiscal year to end on December 31. One World Ventures, Inc. has become a vertically integrated cryptocurrency datacenter and cryptocurrency miner hosting service. Through our wholly owned subsidiary, One World Mine Place Corporation, we are participating in a joint venture with Coin World Corporation to purchase a property in the State of Wyoming and build a datacenter there. The plan is to build a secure datacenter; wherein, we will provide all the necessities needed to house cryptocurrency miners (such as electricity, internet, maintenance, climate controls and security), and will rent out space to those miners to install their own equipment.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation and Summary of Significant Accounting Policies	Note 2 – Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation The financial statements and notes are representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles in the United States of America and have been consistently applied in the preparation of the financial statements, which are stated in U.S. Dollars. This summary of significant accounting policies is presented to assist in understanding the Company’s financial statements. The financial statements reflect the following significant accounting policies: Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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 period. Actual results could differ from those estimates. Basic and Diluted Net Loss per Share Diluted loss per share is calculated using the treasury method which requires the calculation of diluted loss per share by assuming that any outstanding stock options with an average market price that exceeds the average exercise prices of the options for the year, are exercised and the assumed proceeds are used to repurchase shares of the Company at the average market price of the common shares for the year. An incremental per share effect is then calculated for each option. The denominator of the diluted loss per share formula is the number common shares outstanding at balance sheet date plus the incremental shares assumed to be issued from treasury for option exercises, less the number of shares assumed to be repurchased, weighted by the period they are assumed to be outstanding. This dilution calculation did not affect current results, the Company has not adopted a stock option plan and there are no warrants and canceled all other common stock equivalents outstanding. Estimated Fair Value of Financial Instruments ASC 820, "Fair Value Measurements" Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model - Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments consist principally of cash equivalents, accounts payable, loans payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of our cash equivalents is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. Amounts in each Level include: It is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Income Taxes The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statement carrying amounts and tax bases of assets and liabilities using enacted rates in effect in the years during which the differences are expected to reverse and upon the possible realization of net operating loss carry - Valuation of Long-Lived Assets The Company periodically analyzes its long - - Start-up Costs The Company expenses the cost of start - Accounts Receivable Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about the creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required. Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. If the Company’s actual collection experience changes, revisions to its allowance may be required. After all attempts to collect a receivable have failed, the receivable is written off against the allowance. Revenue Recognition The Company adopted the new revenue recognition standard ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”, using the cumulative effect (modified retrospective) approach. Modified retrospective adoption requires entities to apply the standard retrospectively to the most current period presented in the financial statements, requiring the cumulative effect of the retrospective application as an adjustment to the opening balance of retained earnings at the date of initial application. No cumulative-effect adjustment in retained earnings was recorded as the adoption of ASU 2014-09 did not significantly impact the Company’s reported historical revenue. Revenue from substantially all of our contracts with customers continues to be recognized over time as services are rendered. The impact of the adoption of the new standard was not material to the Company’s consolidated financial statements. The Company expects the impact to be immaterial on an ongoing basis. The primary change under the new guidance is the requirement to report the allowance for uncollectible accounts as a reduction in net revenue as opposed to bad debt expense, a component of operating expenses. The Company has historically included the allowance for uncollectible accounts amounts with its allowance for contractual adjustments as a reduction in operating expenses. However most contracts are collected in full at time of delivery and the Company has immaterial account receivables and also related uncollectible accounts. Accordingly, the adoption of this guidance did not have an impact on our condensed consolidated financial statements, other than additional financial statement disclosures. The guidance requires increased disclosures, including qualitative and quantitative disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Under the new revenue standard, the Company has elected to apply the following practical expedients and optional exemptions: ☐ Recognize incremental costs of obtaining a contract with amortization periods of one year or less as expense when incurred. These costs are recorded within general and administrative expenses. ☐ Recognize revenue in the amount of consideration to which the Company has a right to invoice the customer if that amount corresponds directly with the value to the customer of the Company’s services completed to date. ☐ Exemptions from disclosing the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts for which revenue is recognized in the amount of consideration to which the Company has a right to invoice for services performed, and (iii) contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct service that forms part of a single performance obligation. ☐ No adjustment is made for the effects of a significant financing component as the period between the time of service and time of payment is typically one year or less. Foreign Currency The books of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Transactions denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statements of Operations: During the respective periods presented, the Company was not involved in any transactions which required translation of foreign currencies. Cash and Cash Equivalents The Company considers cash and cash equivalents to consist of cash on hand, cash on deposit with its attorney, and demand deposits in banks with an initial maturity of 90 days or less. As of the date of these financial statements, the Company held $12,000,000 cash, in a Smart Prime Group Ltd. trading account held at Advanced Markets (Bermuda) Ltd. Stock-based Compensation The Company follows ASC 718 - Stock Compensation - - Risks and Uncertainties The Company is subject to substantial business risks and uncertainties inherent in starting a new business. There is no assurance that the Company will be able to generate sufficient revenues or obtain sufficient funds necessary for launching a new business venture. Recent Accounting Pronouncements The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant effect on its financial statements. Other The Company consists of one reportable business segment. Advertising is expensed as incurred. We did not have any off -

Going Concern

Going Concern	9 Months Ended
	Sep. 30, 2023
Going Concern
Going Concern	Note 3– Going Concern Generally accepted accounting principles in the United States of America contemplate the continuation of the Company as a going concern. However, the Company recorded a history of net losses and has accumulated net losses since inception. The Company also has limited business operations, which raises substantial doubt about the Company’s ability to continue as a going concern. The continuation of the Company is dependent upon the continuing financial support of investors and stockholders of the Company. As of our report date, we projected the Company would need additional cash resources to operate during the upcoming 12 months. The Company intends to attempt to acquire additional operating capital through private equity offerings to the public and existing investors to fund its business plan. However, there is no assurance that equity or debt offerings will be successful in raising sufficient funds to assure the eventual profitability of the Company. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

Share Capital

Share Capital	9 Months Ended
	Sep. 30, 2023
Share Capital
Share Capital	Note 4 – Share Capital Common Stock The Company is authorized to issue 3,500,000,000 shares of common stock with a par value of $0.001. All shares have equal voting rights, are non-assessable and have one vote per share. During the year ended December 31, 2022 the Company issued, for $259,500 cash, 8,833,334 of its common restricted shares to two investors, booked at a cost of $0.03 per share. During the year ended December 31, 2022, the Company issued, 16,600,000 of its common restricted shares to nine service providers, booked at a total cost of $906,400 or $0.055 per share. On March 23, 2023 the Company issued 827,363,007 of its restricted common shares to an investor for $12,000,000 cash. Preferred Stock The Company is authorized to issue 50,000,000 shares of preferred stock with a par value of $0.001. On May 24, 2018 the Company issued 30,000,000 shares of Preferred Stock. These preferred shares carry voting rights of 100 shares of common stock for each preferred share. These are the only preferred shares outstanding at September 30, 2023 and December 31, 2022.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions
Related Party Transactions	Note 5 – Related Party Transactions ASC 850, Related Party Disclosures On August 10, 2018 CEO Da Mu Lin loaned the company working capital of $2,100 through a demand note with interest payable at 1% per annum. The note, including accrued interest, by mutual consent, was applied to the related party account receivable, and subsequently canceled. The related party had contributed an additional $9,000 during the three months ended September 30, 2021, which was also netted into the related party receivable. During the nine months ended September 30, 2023, DaMu Lin provided the Company with details of $53,923 of reimbursable expenses that were recorded as an unsecured loan with no repayment terms nor interest. Loan receivable- Related Party On June 25, 2018 and June 28, 2018, the Company’s subsidiary entered balloon payment promissory notes with the Company CEO, Da Mu Lin (“borrower”), for $200,000 and $100,000. The interest rate is 12% per annum and the unpaid principal and interest shall be payable in monthly installments of $2,000 and $1,000 beginning July 31, 2018 until June 30, 2019 which is the due date, at which time the remaining unpaid principal and interest shall be due in full. On July 10, 2018, the Company entered a balloon payment promissory note with the Company CEO for $200,000. The interest rate is 3% per annum from January 1, 2019. If the principal and interest are paid in full on or before July 31, 2019, the borrower shall be entitled to a discount equal to 1% of the unpaid principal immediately prior to such payment. In November 2018, the borrower repaid $70,000 as principal to the loan entered in June 28, 2018. As of December 31, 2018, the loan receivable from the borrower was $430,000. During the quarter ended December 31, 2019 the loan was reduced to $200,000 plus accrued interest of $6,000. The Company had intended to reduce the loan in exchange for salary, but reversed that position during the fourth quarter. On September 30, 2023, the loan balance though the application of cash received has been reduced to a net of $72,692 plus accrued interest of $24,520.

Loan Receivable

Loan Receivable	9 Months Ended
	Sep. 30, 2023
Loan Receivable
Loan Receivable	Note 6 – Loan Receivable The Company’s subsidiary had entered several loan agreements with Colorado Natural Health Centers, LLC (“CNHC”) in year 2018 and 2017 listed as below: Date Loan Annual Interest rate Term (Year) Due Date Consolidated Loan Agreement Term (Year) Annual Interest Rate Due Date Amount 10/25/2017 200,000 12% 1 10/26/2018 11/1/2018 2 12% 11/1/2020 12/1/2017 50,000 12% 1 11/30/2018 1/16/2018 50,000 12% 1 1/15/2019 7/20/2018 150,000 12% 1 7/20/2019 On November 1, 2018, the Company’s subsidiary entered into a consolidated loan agreement with CNHC (“Borrower”) for a total amount of $469,500 with annual interest rate of 12% and maturity on November 1, 2010, which cancelled and superseded the previous loan agreements listed in above table. While execution of the loan agreement, the borrower agreed to execute a Promissory Notes with amount of $469,000 to insure the repayment of the loan.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2023
Earnings per Share
Earnings per Share	Note 7 – Earnings per Share Income (Loss) Per Share.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events
Subsequent Events	Note 8 – Subsequent Events The Company has evaluated all other subsequent events through the date on which these unaudited financial statements were issued and found there are no other events to report.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation	The financial statements and notes are representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles in the United States of America and have been consistently applied in the preparation of the financial statements, which are stated in U.S. Dollars. This summary of significant accounting policies is presented to assist in understanding the Company’s financial statements. The financial statements reflect the following significant accounting policies:
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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 period. Actual results could differ from those estimates.
Basic and Diluted Net Loss per Share	Diluted loss per share is calculated using the treasury method which requires the calculation of diluted loss per share by assuming that any outstanding stock options with an average market price that exceeds the average exercise prices of the options for the year, are exercised and the assumed proceeds are used to repurchase shares of the Company at the average market price of the common shares for the year. An incremental per share effect is then calculated for each option. The denominator of the diluted loss per share formula is the number common shares outstanding at balance sheet date plus the incremental shares assumed to be issued from treasury for option exercises, less the number of shares assumed to be repurchased, weighted by the period they are assumed to be outstanding. This dilution calculation did not affect current results, the Company has not adopted a stock option plan and there are no warrants and canceled all other common stock equivalents outstanding.
Estimated Fair Value of Financial Instruments	ASC 820, "Fair Value Measurements" Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model - Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments consist principally of cash equivalents, accounts payable, loans payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of our cash equivalents is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. Amounts in each Level include: It is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.
Income Taxes	The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statement carrying amounts and tax bases of assets and liabilities using enacted rates in effect in the years during which the differences are expected to reverse and upon the possible realization of net operating loss carry -
Valuation of Long-Lived Assets	The Company periodically analyzes its long - -
Start-up Costs	The Company expenses the cost of start -
Accounts Receivable	Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about the creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required. Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. If the Company’s actual collection experience changes, revisions to its allowance may be required. After all attempts to collect a receivable have failed, the receivable is written off against the allowance.
Revenue Recognition	The Company adopted the new revenue recognition standard ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”, using the cumulative effect (modified retrospective) approach. Modified retrospective adoption requires entities to apply the standard retrospectively to the most current period presented in the financial statements, requiring the cumulative effect of the retrospective application as an adjustment to the opening balance of retained earnings at the date of initial application. No cumulative-effect adjustment in retained earnings was recorded as the adoption of ASU 2014-09 did not significantly impact the Company’s reported historical revenue. Revenue from substantially all of our contracts with customers continues to be recognized over time as services are rendered. The impact of the adoption of the new standard was not material to the Company’s consolidated financial statements. The Company expects the impact to be immaterial on an ongoing basis. The primary change under the new guidance is the requirement to report the allowance for uncollectible accounts as a reduction in net revenue as opposed to bad debt expense, a component of operating expenses. The Company has historically included the allowance for uncollectible accounts amounts with its allowance for contractual adjustments as a reduction in operating expenses. However most contracts are collected in full at time of delivery and the Company has immaterial account receivables and also related uncollectible accounts. Accordingly, the adoption of this guidance did not have an impact on our condensed consolidated financial statements, other than additional financial statement disclosures. The guidance requires increased disclosures, including qualitative and quantitative disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Under the new revenue standard, the Company has elected to apply the following practical expedients and optional exemptions: ☐ Recognize incremental costs of obtaining a contract with amortization periods of one year or less as expense when incurred. These costs are recorded within general and administrative expenses. ☐ Recognize revenue in the amount of consideration to which the Company has a right to invoice the customer if that amount corresponds directly with the value to the customer of the Company’s services completed to date. ☐ Exemptions from disclosing the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts for which revenue is recognized in the amount of consideration to which the Company has a right to invoice for services performed, and (iii) contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct service that forms part of a single performance obligation. ☐ No adjustment is made for the effects of a significant financing component as the period between the time of service and time of payment is typically one year or less.
Foreign Currency	The books of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Transactions denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statements of Operations: During the respective periods presented, the Company was not involved in any transactions which required translation of foreign currencies.
Cash and Cash Equivalents	The Company considers cash and cash equivalents to consist of cash on hand, cash on deposit with its attorney, and demand deposits in banks with an initial maturity of 90 days or less. As of the date of these financial statements, the Company held $12,000,000 cash, in a Smart Prime Group Ltd. trading account held at Advanced Markets (Bermuda) Ltd.
Stock-based Compensation	The Company follows ASC 718 - Stock Compensation - -
Risks and Uncertainties	The Company is subject to substantial business risks and uncertainties inherent in starting a new business. There is no assurance that the Company will be able to generate sufficient revenues or obtain sufficient funds necessary for launching a new business venture.
Recent Accounting Pronouncements	The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant effect on its financial statements.
Other	The Company consists of one reportable business segment. Advertising is expensed as incurred. We did not have any off -

Loan Receivable (Tables)

Loan Receivable (Tables)	9 Months Ended
	Sep. 30, 2023
Loan Receivable
Schedule of Loan agreements	Date Loan Annual Interest rate Term (Year) Due Date Consolidated Loan Agreement Term (Year) Annual Interest Rate Due Date Amount 10/25/2017 200,000 12% 1 10/26/2018 11/1/2018 2 12% 11/1/2020 12/1/2017 50,000 12% 1 11/30/2018 1/16/2018 50,000 12% 1 1/15/2019 7/20/2018 150,000 12% 1 7/20/2019

Operations (Details Narrative)

Operations (Details Narrative)	Jul. 06, 2018 shares
Common stock
Preferred stock shares purchased	30,000,000

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Sep. 30, 2023
Long term investment	$ 200,000
Advanced Markets (Bermuda) Ltd. [Member]
Cash on hand		$ 12,000,000

Share Capital (Details Narrativ

Share Capital (Details Narrative) - USD ($)	1 Months Ended		9 Months Ended	12 Months Ended
	Mar. 23, 2023	May 24, 2018	Sep. 30, 2023	Dec. 31, 2022
Preferred stock shares issued		30,000,000	50,000,000	50,000,000
Preferred stock, par value			$ 0.001	$ 0.001
Preferred shares voting rights		100
Common stock, par value			$ 0.001	$ 0.001
Common stock shares issued value			$ 12,000,000
Voting Rights [Member]
Common stock, par value			$ 0.001
Nine Service Providers [Member]
Common stock restricted shares issued				16,600,000
Common stock restricted shares issued, price per share				$ 0.055
Common stock shares issued value				$ 906,400
Two Investors [Member]
Common stock restricted shares issued				8,833,334
Common stock restricted shares issued, price per share				$ 0.03
Common stock shares issued value				$ 259,500
Investors [Member]
Common stock restricted shares issued	827,363,007
Common stock shares issued value	$ 12,000,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)			1 Months Ended			3 Months Ended
	Aug. 10, 2018	Jul. 10, 2018	Nov. 30, 2018	Jun. 28, 2018	Jun. 25, 2018	Dec. 31, 2019	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2021	Dec. 31, 2018
Note payable, related party							$ 65,423	$ 0
Da Mu Lin [Member]
Interest rate	1%	3%		12%	12%
Note payable, related party	$ 2,100								$ 9,000
Accrued interest						$ 6,000
Promissory notes payment		$ 200,000		$ 100,000	$ 200,000	$ 200,000
Loan received net							$ 72,692			$ 430,000
Interest payable				$ 1,000	$ 2,000
Loan received			$ 70,000

Loan Receivable (Details)

Loan Receivable (Details) - USD ($)			1 Months Ended
	Nov. 01, 2018	Dec. 02, 2017	Jul. 20, 2018	Jan. 16, 2018	Oct. 25, 2017
Consolidated Loan Agreement [Member]
Interest rate	12%
Due date	Nov. 01, 2020
Maturity period	2 years
December 1 2017 [Member]
Amount of loan		$ 50,000
Interest rate		12%
Due date		Nov. 30, 2018
Maturity period		1 year
January 16 2018 [Member]
Amount of loan				$ 50,000
Interest rate				12%
Due date				Jan. 15, 2019
Maturity period				1 year
July 20 2018 [Member]
Amount of loan			$ 150,000
Interest rate			12%
Due date			Jul. 20, 2019
Maturity period			1 year
October 25 2017 [Member]
Amount of loan					$ 200,000
Interest rate					12%
Due date					Oct. 26, 2018
Maturity period					1 year