Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Apr. 14, 2022 | Jun. 30, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-49654 | ||
Entity Registrant Name | CirTran Corporation | ||
Entity Central Index Key | 0000813716 | ||
Entity Tax Identification Number | 68-0121636 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 6360 S Pecos Road | ||
Entity Address, Address Line Two | Suite 8 | ||
Entity Address, City or Town | Las Vegas | ||
Entity Address, State or Province | NV | ||
Entity Address, Postal Zip Code | 89120 | ||
City Area Code | (801) | ||
Local Phone Number | 963-5112 | ||
Title of 12(g) Security | Common Stock, Par Value $0.001 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 242,455 | ||
Entity Common Stock, Shares Outstanding | 4,945,417 | ||
Documents Incorporated by Reference | None | ||
ICFR Auditor Attestation Flag | false | ||
Auditor Firm ID | 5525 | ||
Auditor Name | Fruci & Associates II, PLLC | ||
Auditor Location | Spokane, Washington |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash | $ 5,472 | $ 108,147 |
Inventory | 537,961 | 325,252 |
Deposits on inventory | 11,639 | 53,900 |
Deposits on inventory - related party | 87,042 | 319,333 |
Accounts receivable | 212,244 | 16,966 |
Other current assets | 267,820 | 118,844 |
Total current assets | 1,122,178 | 942,442 |
Investment in securities at cost | 300,000 | 300,000 |
Right-of-use asset | 22,291 | 50,409 |
Property and equipment, net of accumulated depreciation | 18,899 | 18,299 |
Total assets | 1,463,368 | 1,311,150 |
Current liabilities: | ||
Accounts payable | 1,923,968 | 1,347,870 |
Lease liability, current | 22,291 | 28,118 |
Related-party payable | 13,740 | 13,740 |
Short-term advances payable | 58,366 | 109,904 |
Short-term advances payable - related parties | 21,882 | 287,776 |
Accrued liabilities | 1,338,349 | 1,354,539 |
Accrued payroll and compensation expense | 4,441,398 | 4,133,346 |
Accrued interest, current portion | 4,880,219 | 2,824,948 |
Convertible debenture, current portion, net of discounts | 264,284 | 264,284 |
Note payable, current portion | 90,000 | 90,000 |
Note payable to stockholders | 313,274 | 521,194 |
Derivative liability | 938,794 | 922,654 |
Liabilities from discontinued operations | 25,189,136 | 26,153,820 |
Total current liabilities: | 39,495,701 | 38,052,193 |
Lease liability, long-term | 22,291 | |
Accrued interest, net of current portion | 1,490,951 | |
Note payable, net of current portion | 656,000 | 656,000 |
Convertible debenture, net of current portion, net of discount | 1,876,621 | 1,787,816 |
Total liabilities | 42,028,322 | 42,009,251 |
Commitments and contingencies | ||
Stockholders’ deficit: | ||
Common stock, par value $0.001; 100,000,000 shares authorized; 4,945,417 and 4,720,417 shares issued and outstanding at December 31, 2021 and 2020, respectively | 4,945 | 4,720 |
Additional paid-in capital | 37,233,561 | 37,226,851 |
Accumulated deficit | (77,803,460) | (77,929,672) |
Total stockholders’ deficit | (40,564,954) | (40,698,101) |
Total liabilities and stockholders’ deficit | $ 1,463,368 | $ 1,311,150 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 4,945,417 | 4,720,417 |
Common stock, shares outstanding | 4,945,417 | 4,720,417 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | ||
Net sales | $ 2,923,269 | $ 1,732,625 |
Cost of sales | 1,024,444 | 896,273 |
Gross profit | 1,898,825 | 836,352 |
Operating expenses: | ||
Employee costs | 496,219 | 292,420 |
Selling, general and administrative expenses | 1,630,592 | 465,518 |
Total operating expenses | 2,126,811 | 757,938 |
(Loss) income from operations | (227,986) | 78,414 |
Other income (expense) | ||
Interest expense | (680,428) | (658,654) |
Loss on disposal of equipment | (9,771) | |
Gain on forgiveness of debt | 12,918 | |
Gain on write off of accounts payable | 72,158 | 1,023,471 |
Gain (loss) on derivative valuation | (16,143) | (22,822) |
Other income | 1,008 | 42,000 |
Total other (expense) income | (610,487) | 374,224 |
Net (loss) income from continuing operations | (838,473) | 452,638 |
Income from discontinued operations | 964,685 | 79,496 |
Net income | $ 126,212 | $ 532,134 |
Net (loss) income from continuing operations per common share, basic | $ (0.17) | $ 0.10 |
Net income from continuing operations per common share, diluted | 0 | 0 |
Net income from discontinued operations per common share, basic | 0.20 | 0.02 |
Net income from discontinued operations per common share, diluted | 0.01 | 0 |
Net income per share, basic | 0.03 | 0.12 |
Net income per share, diluted | $ 0 | $ 0 |
Basic and diluted weighted average common shares outstanding | 4,891,170 | 4,555,718 |
Diluted weighted average common shares outstanding | 144,264,247 | 172,317,270 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 4,500 | $ 37,222,615 | $ (78,461,806) | $ (41,234,691) |
Beginning balance, shares at Dec. 31, 2019 | 4,500,417 | |||
Stock option expense | 56 | 56 | ||
Common stock issued for conversion of accrued interest | $ 220 | 4,180 | $ 4,400 | |
Common stock issued for conversion of accrued interest, shares | 220,000 | 220,000 | ||
Net income | 532,134 | $ 532,134 | ||
Ending balance, value at Dec. 31, 2020 | $ 4,720 | 37,226,851 | (77,929,672) | (40,698,101) |
Ending balance, shares at Dec. 31, 2020 | 4,720,417 | |||
Stock option expense | 185 | 185 | ||
Common stock issued for conversion of accrued interest | $ 225 | 6,525 | $ 6,750 | |
Common stock issued for conversion of accrued interest, shares | 225,000 | 225,000 | ||
Net income | 126,212 | $ 126,212 | ||
Ending balance, value at Dec. 31, 2021 | $ 4,945 | $ 37,233,561 | $ (77,803,460) | $ (40,564,954) |
Ending balance, shares at Dec. 31, 2021 | 4,945,417 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from operating activities | ||
Net income | $ 126,212 | $ 532,134 |
Adjustments to reconcile net income to net cash (used) provided by operating activities: | ||
Income from discontinued operations | (964,685) | (79,496) |
Depreciation expense | 3,198 | 373 |
Loss on derivative valuation | 16,143 | 22,822 |
Debt discount amortization | 88,805 | 115,211 |
Loss on disposal of equipment | 9,771 | |
Stock option expense | 185 | 56 |
Gain on forgiveness of debt | (12,918) | |
Gain on write off of accounts payable | (72,158) | (1,023,471) |
Amortization of right-of-use asset to rent expense | 28,118 | 6,813 |
Expenses paid on our behalf by a related party | 1,940 | |
Changes in operating assets and liabilities: | ||
Inventory | (212,709) | (306,438) |
Deposits on inventory | 42,261 | (53,900) |
Deposits on inventory - related party | 232,291 | (319,333) |
Accounts receivable | (195,278) | (16,966) |
Other current assets | (148,976) | (117,634) |
Accounts payable | 576,098 | 255,282 |
Accrued liabilities | (16,190) | 640,560 |
Payments for lease liability | (28,118) | (6,813) |
Accrued payroll and compensation | 308,052 | 375,710 |
Accrued interest | 574,127 | 543,255 |
Net cash provided by continuing operating activities | 344,458 | 579,876 |
Net cash provided by (used in) discontinued operations | (115,537) | |
Net cash provided by operating activities | 344,458 | 464,339 |
Cash flows from investing activities: | ||
Purchase of equipment | (3,798) | (18,672) |
Net cash used in investing activities | (3,798) | (18,672) |
Cash flows from financing activities: | ||
Proceeds from bank overdraft | (1,611) | |
Proceeds from convertible loans payable | 15,000 | |
Proceeds from related-party loans | 5,000 | 11,500 |
Repayments of related-party loans | (396,797) | (467,409) |
Proceeds from loan payable | 156,000 | |
Repayments of loans payable | (51,538) | (51,000) |
Net Cash used in financing activities | (443,335) | (337,520) |
Net change in cash | (102,675) | 108,147 |
Cash, beginning of year | 108,147 | |
Cash, end of year | 5,472 | 108,147 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | ||
Cash paid for income taxes | ||
Supplemental disclosure of noncash investing activities: | ||
Initial measurement of derivative liability | 5,753 | |
Common stock issued for conversion of accrued interest | $ 6,750 | $ 4,400 |
ORGANIZATION AND NATURE OF OPER
ORGANIZATION AND NATURE OF OPERATIONS | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND NATURE OF OPERATIONS | NOTE 1 — ORGANIZATION AND NATURE OF OPERATIONS In 1987, CirTran Corporation was incorporated in Nevada under the name Vermillion Ventures, Inc., for the purpose of acquiring other operating corporate entities. We were largely inactive until July 1, 2000, when our wholly owned subsidiary, CirTran Corporation (Utah), acquired substantially all the assets and certain liabilities of Circuit Technology, Inc., founded by our president, Iehab Hawatmeh. We, together with our majority-owned subsidiaries, manufacture, distribute, and sell condoms, electronic tobacco products, cigars, energy drinks, water beverages, and related merchandise, all using the HUSTLER® brand name. Since entering our 2019 five-year manufacturing and distribution agreement with an unrelated party, our efforts have been devoted to phase one of our development of all HUSTLER®-branded products, which led us to generating revenue during 2020 for the first time in several years. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Principles of Consolidation The consolidated financial statements include the accounts of the company and our wholly owned subsidiaries: CirTran Products Corp., LBC Products, Inc., and CirTran Asia, Inc. Intercompany accounts and transactions have been eliminated in consolidation Use of Estimates In preparing the financial statements in accordance with US GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may exceed the Federal Deposit Insurance Corporation insurable limit. Cash Equivalents We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which ranges from three to ten years. Leasehold improvements are amortized over the lesser of the remaining term of the lease or the estimated useful life of the asset. Expenditures for repairs and maintenance are expensed as incurred. Gains or losses on dispositions of property and equipment are included in operating results. Revenue Recognition We follow Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers During the years ended December 31, 2021 and 2020, we recognized revenue of $ 60,500 515,000 Additionally, we recognized revenues of $ 2,862,769 1,217,625 Leases In February 2016, the FASB issued Accounting Standard Update (“ASU”) 2016-02, Leases Leases The adoption of the standard resulted in recording right-of-use (“ROU”) assets and operating lease liabilities of $22,291 as of December 31, 2021. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As the lease does not provide an implicit rate, we use our incremental borrowing rate based on information available at the commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Lease terms may include options to extend or terminate the lease when it is reasonably certain we will exercise that option. Although considered, we determined it was appropriate to exclude future renewal terms from the capitalization of our operating lease. We have one lease in effect requiring minimum monthly payments of $ 2,500 5 SUMMARY OF FUTURE MINIMUM LEASE PAYMENTS DUE Total future payments $ 22,500 Implied interest (209 ) Operating lease liability as of December 31, 2021 $ 22,291 Investment in Securities Our cost-method investment consists of an investment in a private digital multi-media technology company that totaled $ 300,000 20 Impairment of Long-Lived Assets We review our long-lived assets, including intangibles, for impairment when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. At each balance sheet date, we evaluate whether events and circumstances have occurred that indicate possible impairment. We use an estimate of future undiscounted net cash flows from the related asset or group of assets over their remaining life in measuring whether the assets are recoverable. We did no Inventories Inventories are stated at the lower of average cost or net realizable value. Cost on manufactured inventories includes labor, material, and overhead. Overhead cost is based on indirect costs allocated to cost of sales, work-in-process inventory, and finished goods inventory. Indirect overhead costs have been charged to cost of sales or capitalized as inventory, based on management’s estimate of the benefit of indirect manufacturing costs to the manufacturing process. When there is evidence that the inventory’s value is less than original cost, the inventory is reduced to market value. We determine market value on current resale amounts and whether technological obsolescence exists. We will seek agreements with manufacturing customers that require them to purchase their inventory items in the event they cancel their business with us. From time to time, we will place deposits on inventory to be delivered in the future. These deposits are carried as a separate balance sheet component and totaled $ 11,639 87,042 53,900 319,333 On most of tobacco related products, the Company pays in advance for Federal Excise Taxes and State Excise Taxes prior to receiving product. The Company accrues those taxes on its balance sheet and expenses them per-unit basis as sold. Inventory balances consisted of the following: SCHEDULE OF INVENTORY December 31, 2021 December 31, 2020 Finished goods $ 501,929 $ 526,372 Raw materials 36,032 40,803 Reserve for obsolescence — (241,923 ) Total $ 537,961 $ 325,252 Stock-Based Compensation We have outstanding stock options to directors and employees, which are described more fully in Note 13–Stock Options and Warrants. We account for our stock options in accordance with ASC 718-10, Accounting for Stock Issued to Employees Improvements to Nonemployee Share-Based Payment Accounting Fair Value of Financial Instruments ASC 820-10-15, Fair Value Measurement-Overall-Scope and Scope Exceptions Level 1 Level 2 Level 3 Accounts payable and related-party payables have fair values that approximate the carrying value due to the short-term nature of these instruments. Derivative liabilities are measured using level 3 inputs. SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES CARRIED AT FAIR VALUED MEASURED ON RECURRING BASIS Total Fair Value at December 31, 2021 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Derivative liabilities $ 938,794 $ - $ - $ 938,794 Total Fair Value at December 31, 2020 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Derivative liabilities $ 922,654 $ - $ - $ 922,654 Loss per Share Basic loss per share is calculated by dividing net loss available to common shareholders by the weighted-average number of common s hares outstanding during each period. Diluted is similarly calculated, except that the weighted-average number of common shares outstanding would include common shares that may be issued subject to existing rights with dilutive potential when applicable. 144,264,247 There were 167,761,552 Income Taxes Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to tax net operating loss carryforwards. The deferred tax assets and liabilities represent the future tax return consequences of these differences, which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards. 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. 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. A valuation allowance is established against deferred tax assets when in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond our control, it is at least reasonably possible that management’s judgment about the need for a valuation allowance for deferred taxes could change in the near term. Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50% likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in our tax returns that do not meet these recognition and measurement standards. As of December 31, 2021 and 2020, no Recently Issued Accounting Pronouncements We have implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on our financial statements unless otherwise disclosed, and we do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 — GOING CONCERN The accompanying consolidated financial statements have been prepared in conformity with US GAAP, which contemplate our continuation as a going concern. We had a working capital deficiency of $ 38,373,523 as of December 31, 2021, and net income from continuing operations of $ 838,473 for the year ended December 31, 2021. As of December 31, 2021, we had an accumulated deficit of $ 77,803,460 . These conditions raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our ability to successfully accomplish our business plan and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if we are unable to continue as a going concern. In the coming year, our foreseeable cash requirements will relate to development of business operations and associated expenses. We may experience a cash shortfall and be required to raise additional capital. Historically, we have mainly relied upon shareholder loans and advances to finance operations and growth. Management may raise additional capital by retaining net earnings, if any, or through future public or private offerings of our stock or loans from private investors, although we cannot assure that we will be able to obtain such financing. Our failure to do so could have a material and adverse effect upon our shareholders and us. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 4 — PROPERTY AND EQUIPMENT We incur certain costs associated with the design and development of molds and dies for our contract-manufacturing segment. These costs are held as deposits on the balance sheet until the molds or dies are finished and ready for use. At that point, the costs are included as part of production equipment in property and equipment and are amortized over their useful lives. We hold title to all molds and dies used in the manufacture of products. Property and equipment and estimated service lives consist of the following: SCHEDULE OF PROPERTY AND EQUIPMENT AND ESTIMATED SERVICE LIVES December 31, 2021 December 31, 2020 Useful Life (years) Furniture and office equipment $ 3,798 $ - 5 10 Vehicles 18,672 18,672 3 7 Total 22,470 18,672 Less: accumulated depreciation (3,571 ) (373 ) Property and equipment, net $ 18,899 $ 18,299 We recorded $ 3,198 373 |
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED-PARTY TRANSACTIONS | NOTE 5 — RELATED-PARTY TRANSACTIONS In 2007, we issued a 10 300,000 The note was due on demand after May 2008 no 151,833 151,833 On March 31, 2008, we issued to this same family member, along with two other company shareholders, promissory notes totaling $ 315,000 105,000 105,000 300,000 5 12 72,466 72,466 During the year ended December 31, 2021, we made repayments to related parties of $ 396,797 and had other noncash reductions of $ 82,018 . During the year ended December 31, 2020, we made repayments to related parties of $ 467,409 and received $ 11,500 . There were $ 21,882 and $ 287,776 of short-term advances due to related parties as of December 31, 2021 and 2020, respectively. The advances are due on demand and included in current liabilities. No demand for payment has been made. We have agreed to issue stock options to Iehab Hawatmeh, our president, as compensation for services provided as our chief executive officer. The terms of his employment agreement require us to grant options to purchase 6,000 0.10 6,000 6,000 6,000 30,000 30,000 As of December 31, 2021 and 2020, we owed our president a total of $ 433,379 868,528 5 As of December 31, 2021 and 2020, we owed a total of $ 13,740 13,740 During the year ended December 31, 2021, we had a net decrease in deposits with a related-party inventory supplier totaling $ 232,291 2 1,186,645 643,772 |
OTHER ACCRUED LIABILITIES
OTHER ACCRUED LIABILITIES | 12 Months Ended |
Dec. 31, 2021 | |
Payables and Accruals [Abstract] | |
OTHER ACCRUED LIABILITIES | NOTE 6 — OTHER ACCRUED LIABILITIES Accrued tax liabilities consist of delinquent payroll taxes, interest, and penalties owed by us to the Internal Revenue Service (“IRS”) and other tax entities. Accrued liabilities consist of the following: SCHEDULE OF ACCRUED LIABILITIES December 31, 2021 December 31, 2020 Tax liabilities $ 545,221 $ 557,894 Other 793,128 796,645 Total $ 1,338,349 $ 1,354,539 Other accrued liabilities as of December 31, 2021 and 2020, include a non-interest-bearing payable totaling $ 45,000 45,000 718,535 751,645 Accrued payroll and compensation liabilities consist of the following: SCHEDULE OF ACCRUED PAYROLL AND COMPENSATION LIABILITIES December 31, 2021 December 31, 2020 Director fees $ 135,000 $ 135,000 Bonus expenses 121,858 121,858 Commissions 2,148 2,148 Consulting 575,322 - Administrative payroll 3,607,070 3,874,340 Total $ 4,441,398 $ 4,133,346 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 7 — COMMITMENTS AND CONTINGENCIES Commitments to GloBrands, LLC Our December 2019 Exclusive Manufacturing and Distribution Agreement with GloBrands grants to us the exclusive right to manufacture, distribute, and sell specified products, including the authority to deal directly with distribution chain participants and to collect all product payments. We are authorized to retain from the collected sales proceeds an amount equal to 120% of our cost of goods sold, plus 10% of gross sales of the covered products. GloBrands reimburses us 105% of certain of our media placement expenses. Our GloBrands’ agreement term extends through November 30, 2024, subject to earlier termination by either party following 60 days’ notice of uncured material default. From time to time, GloBrands, LLC agrees to advance funds to the Company to assist in precuring inventory due to long lead times and to avoid last minute high cost of shipping. These advances are booked under Accrued Liabilities. In addition, the Company bills GloBrands under its agreement monthly, those amounts get netted out of the advances made. Our agreement with GloBrands is subject in all respects to its rights as licensee under its licensing agreements with the Flynt/HUSTLER® organization to use the HUSTLER® brand name. The Flynt/HUSTLER® organization has approved our manufacturing and distribution arrangement. GloBrands is obligated to fully and timely perform and observe all terms, covenants, and conditions of the three underlying licenses between it and the Flynt/Hustler organization, including the payment of required minimum and actual royalties to the Flynt/HUSTLER® organization. Further, GloBrands cannot amend the license agreements or waive or release any material right under the underlying Flynt/HUSTLER® licenses. Under the Exclusive Manufacturing and Distribution Agreement, we transmit royalty payments on GloBrands’ behalf directly to the Flynt/HUSTLER® organization. We have a limited license to use the HUSTLER® brand name for the exclusive purposes of fulfilling our obligations under the Exclusive Manufacturing and Distribution Agreement Litigation and Claims Various vendors, service providers, and others have asserted legal claims in previous years. These creditors generally are not actively seeking collection of amounts due to them, and we have determined that the probability of realizing any loss on these claims is remote and will seek to compromise and settle at a deep discount any of such claims that are asserted for collection. These amounts are included in our current liabilities, except where we believe collection or enforcement of the judgments is barred by the applicable statute of limitations, in which case the liabilities have been eliminated. We have not accrued any liability for claims or judgments that we have determined to be barred by the applicable statute of limitations, which generally is eight years for judgments in Utah. Playboy Enterprises, Inc. Our affiliate, Play Beverages, LLC, filed suit against Playboy Enterprises, Inc., in Cook County, Illinois, Circuit Court in October 2012 asserting numerous claims, including breach of contract and tortious interference. Playboy responded with a counterclaim of breach of contract and trademark infringement. After proceedings in October 2016, the court awarded a judgment of $ 6.6 17,205,599 Delinquent Payroll Taxes, Interest, and Penalties In November 2004, the IRS accepted our amended offer in compromise (the “Offer”) to settle delinquent payroll taxes, interest, and penalties, which required us to pay $ 500,000 five years 1,455,767 768,526 5 525,238 673,645 Employment Agreements We engage Iehab Hawatmeh, our president and chief executive officer, through an employment agreement entered in August 2009 and amended in September 2017. In July 2017, Mr. Hawatmeh had resigned all positions with us to pursue other business activities, thereby effectively terminating the agreement. However, the amendment to his employment agreement in September 2017 reinstated Mr. Hawatmeh to his previous positions, with a salary in an amount to be determined. Among other things, the reinstated employment agreement: (a) grants options to purchase a minimum of 6,000 5 1 1 296,500 We also have an oral agreement with our other director that requires us to issue options to purchase 2,000 During the years ended December 31, 2021 and 2020, we granted options to purchase 8,000 and 8,000 shares of common stock, respectively, to Mr. Hawatmeh and Ms. Hollinger. We recorded expenses totaling $ 185 and $ 56 during the years ended December 31, 2021 and 2020, respectively, for these options. We have no other agreements requiring the grant of options. License Agreements We have entered into agreements requiring us to pay certain royalties for the manufacture and distribution of licensed products. Fees are based on a percentage of sales and remitted quarterly and are included in cost of sales for financial reporting purposes. |
NOTES PAYABLE
NOTES PAYABLE | 12 Months Ended |
Dec. 31, 2021 | |
Notes Payable | |
NOTES PAYABLE | NOTE 8 — NOTES PAYABLE Notes payable consisted of the following: SCHEDULE OF NOTES PAYABLE December 31, 2021 December 31, 2020 Note payable to former service provider for past due account payable (current) $ 90,000 $ 90,000 Note payable for settlement of debt (long-term) 500,000 500,000 Small Business Administration loan 156,000 156,000 Total $ 746,000 $ 746,000 There was $ 252,665 205,165 |
CONVERTIBLE DEBENTURES
CONVERTIBLE DEBENTURES | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE DEBENTURES | NOTE 9 — CONVERTIBLE DEBENTURES Convertible debentures consisted of the following: SCHEDULE OF CONVERTIBLE DEBENTURES December 31, 2021 December 31, 2020 Convertible debenture, 5 May 30, 2022 $ 200,000 $ 200,000 Convertible debenture, 5 February 8, 2022 25,000 25,000 Convertible debenture, 5 May 30, 2022 25,000 25,000 Convertible debenture, 5 December 8, 2022 25,000 25,000 Convertible debenture, 5 April 30, 2027 2,390,528 2,390,528 Subtotal $ 2,665,528 $ 2,665,528 Less: discounts (524,623 ) (613,428 ) Total $ 2,140,905 $ 2,052,100 Less: current portion (264,284 ) (264,284 ) Long-term portion $ 1,876,621 $ 1,787,816 The convertible debentures and accrued interest are convertible into shares of our common stock at the lower of $ 100 20 6,750 225,000 4,400 220,000 As of December 31, 2021 and 2020, we had accrued interest on the convertible debentures totaling $ 1,655,037 and $ 1,528,511 55,710 41,960 1,599,328 1,486,551 , 2021 and 2020, the debentures, including accrued but unpaid interest, were convertible into 144,264,247 167,761,552 |
DERIVATIVE LIABILITIES
DERIVATIVE LIABILITIES | 12 Months Ended |
Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE LIABILITIES | NOTE 10 — DERIVATIVE LIABILITIES As discussed in Note 9—Convertible Debentures, we have entered into five separate agreements to borrow a total of $ 2,665,528 convertible at the holder’s option into common stock of the company at the lesser of $ 100 20 SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE Volatility 36.5 103 % Risk-free rates 0.41 0.90 % Stock price $ 0.035 Remaining life 0.25 5.33 The fair values of the derivative instruments are measured each quarter, which resulted in a loss of $ 16,143 22,822 938,794 922,654 |
COMMON STOCK TRANSACTIONS
COMMON STOCK TRANSACTIONS | 12 Months Ended |
Dec. 31, 2021 | |
Common Stock Transactions | |
COMMON STOCK TRANSACTIONS | NOTE 11 – COMMON STOCK TRANSACTIONS We are authorized to issue up to 100,000,000 0.001 During the year ended December 31, 2021, we issued a total of 225,000 6,750 During the year ended December 31, 2020, we issued a total of 220,000 4,400 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 12 — INCOME TAXES We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. When it is more likely than not that a tax asset cannot be realized through future income, the company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period. The U.S. federal income tax rate of 21 We have not taken a tax position that, if challenged, would have a material effect on the financial statements for the years ended December 31, 2021 and 2020, applicable under FASB ASC 740, Income Taxes As of December 31, 2021 and 2020, we had net operating loss carryforwards for tax reporting purposes of approximately $ 20.2 19.0 During the year ended December 31, 2019, we dissolved four subsidiaries that had total net operating loss carryforwards of approximately $ 8.9 1.9 SCHEDULE OF NET DEFERRED TAX ASSETS 2021 2020 Deferred Tax Assets: NOL Carryover $ 1,244,300 $ 3,791,763 Less valuation allowance (1,244,300 ) (3,791,763 ) Net deferred tax assets $ — $ — The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended December 31, 2021 and 2020 due to the following: SCHEDULE OF RECONCILIATION OF INCOME TAXES COMPUTED AT STATUTORY RATE 2021 2020 Book income (loss) $ 23,900 $ 111,023 Change in payroll accruals 74,900 75,142 Stock option expense 39 11 Amortization of debt discount 18,650 23,042 Change in derivative liability 3,390 4,564 Valuation allowance (102,190 ) 142,749 Income tax expense $ — $ — |
STOCK OPTIONS AND WARRANTS
STOCK OPTIONS AND WARRANTS | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
STOCK OPTIONS AND WARRANTS | NOTE 13 — STOCK OPTIONS AND WARRANTS Stock Incentive Plans During the years ended December 31, 2021 and 2020, we granted to employees 8,000 8,000 The 8,000 five 91 1.61 The 8,000 five 103 0.10 As of December 31, 2021 and 2020, we had no As of December 31, 2021, there were 40,000 0.08 2.92 SCHEDULE OF STOCK OPTIONS OUTSTANDING Exercise Price Count Average Exercise Remaining Life Exercisable $ 0.01 16,000 0.01 3.88 16,000 $ 0.10 24,000 0.10 1.62 24,000 Total 40,000 0.08 2.92 40,000 |
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS | 12 Months Ended |
Dec. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
DISCONTINUED OPERATIONS | NOTE 14— DISCONTINUED OPERATIONS At October 21, 2016, we exited the beverage licensing and distribution business. The assets and liabilities associated with this business are displayed as assets and liabilities from discontinued operations as of December 31, 2021 and 2020, as a result. Additionally, the revenues and costs associated with this business are displayed as losses from discontinued operations for the years ended December 31, 2021 and 2020. Total assets and liabilities included in discontinued operations were as follows: SCHEDULE OF DISCONTINUED OPERATIONS December 31, 2021 December 31, 2020 Assets from Discontinued Operations: Cash $ — $ — Total assets from discontinued operations $ — $ — Liabilities from Discontinued Operations: Accounts payable $ 18,338,848 $ 19,456,998 Accrued liabilities 589,380 589,380 Accrued interest 1,329,692 1,176,226 Accrued payroll and compensation expense 131,108 131,108 Current maturities of long-term debt 239,085 239,085 Related-party payable 1,776,250 1,776,250 Short-term advances payable 2,784,773 2,784,773 Total liabilities from discontinued operations $ 25,189,136 $ 26,153,820 Net (loss) income from discontinued operations for the years ended December 31, 2021 and 2020, were comprised of the following components: 2021 2020 Years ended December 31, 2021 2020 Other income (expense): Interest expense (153,465 ) (153,886 ) Gain on write off of accounts payable 1,118,150 233,382 Total other income 964,685 79,496 Net income from discontinued operations $ 964,685 $ 79,496 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 15 — SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10), management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of the company and our wholly owned subsidiaries: CirTran Products Corp., LBC Products, Inc., and CirTran Asia, Inc. Intercompany accounts and transactions have been eliminated in consolidation |
Use of Estimates | Use of Estimates In preparing the financial statements in accordance with US GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may exceed the Federal Deposit Insurance Corporation insurable limit. |
Cash Equivalents | Cash Equivalents We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no |
Property and Equipment | Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which ranges from three to ten years. Leasehold improvements are amortized over the lesser of the remaining term of the lease or the estimated useful life of the asset. Expenditures for repairs and maintenance are expensed as incurred. Gains or losses on dispositions of property and equipment are included in operating results. |
Revenue Recognition | Revenue Recognition We follow Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers During the years ended December 31, 2021 and 2020, we recognized revenue of $ 60,500 515,000 Additionally, we recognized revenues of $ 2,862,769 1,217,625 |
Leases | Leases In February 2016, the FASB issued Accounting Standard Update (“ASU”) 2016-02, Leases Leases The adoption of the standard resulted in recording right-of-use (“ROU”) assets and operating lease liabilities of $22,291 as of December 31, 2021. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As the lease does not provide an implicit rate, we use our incremental borrowing rate based on information available at the commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Lease terms may include options to extend or terminate the lease when it is reasonably certain we will exercise that option. Although considered, we determined it was appropriate to exclude future renewal terms from the capitalization of our operating lease. We have one lease in effect requiring minimum monthly payments of $ 2,500 5 SUMMARY OF FUTURE MINIMUM LEASE PAYMENTS DUE Total future payments $ 22,500 Implied interest (209 ) Operating lease liability as of December 31, 2021 $ 22,291 |
Investment in Securities | Investment in Securities Our cost-method investment consists of an investment in a private digital multi-media technology company that totaled $ 300,000 20 |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets We review our long-lived assets, including intangibles, for impairment when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. At each balance sheet date, we evaluate whether events and circumstances have occurred that indicate possible impairment. We use an estimate of future undiscounted net cash flows from the related asset or group of assets over their remaining life in measuring whether the assets are recoverable. We did no |
Inventories | Inventories Inventories are stated at the lower of average cost or net realizable value. Cost on manufactured inventories includes labor, material, and overhead. Overhead cost is based on indirect costs allocated to cost of sales, work-in-process inventory, and finished goods inventory. Indirect overhead costs have been charged to cost of sales or capitalized as inventory, based on management’s estimate of the benefit of indirect manufacturing costs to the manufacturing process. When there is evidence that the inventory’s value is less than original cost, the inventory is reduced to market value. We determine market value on current resale amounts and whether technological obsolescence exists. We will seek agreements with manufacturing customers that require them to purchase their inventory items in the event they cancel their business with us. From time to time, we will place deposits on inventory to be delivered in the future. These deposits are carried as a separate balance sheet component and totaled $ 11,639 87,042 53,900 319,333 On most of tobacco related products, the Company pays in advance for Federal Excise Taxes and State Excise Taxes prior to receiving product. The Company accrues those taxes on its balance sheet and expenses them per-unit basis as sold. Inventory balances consisted of the following: SCHEDULE OF INVENTORY December 31, 2021 December 31, 2020 Finished goods $ 501,929 $ 526,372 Raw materials 36,032 40,803 Reserve for obsolescence — (241,923 ) Total $ 537,961 $ 325,252 |
Stock-Based Compensation | Stock-Based Compensation We have outstanding stock options to directors and employees, which are described more fully in Note 13–Stock Options and Warrants. We account for our stock options in accordance with ASC 718-10, Accounting for Stock Issued to Employees Improvements to Nonemployee Share-Based Payment Accounting |
Fair Value of Financial Instruments | Fair Value of Financial Instruments ASC 820-10-15, Fair Value Measurement-Overall-Scope and Scope Exceptions Level 1 Level 2 Level 3 Accounts payable and related-party payables have fair values that approximate the carrying value due to the short-term nature of these instruments. Derivative liabilities are measured using level 3 inputs. SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES CARRIED AT FAIR VALUED MEASURED ON RECURRING BASIS Total Fair Value at December 31, 2021 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Derivative liabilities $ 938,794 $ - $ - $ 938,794 Total Fair Value at December 31, 2020 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Derivative liabilities $ 922,654 $ - $ - $ 922,654 |
Loss per Share | Loss per Share Basic loss per share is calculated by dividing net loss available to common shareholders by the weighted-average number of common s hares outstanding during each period. Diluted is similarly calculated, except that the weighted-average number of common shares outstanding would include common shares that may be issued subject to existing rights with dilutive potential when applicable. 144,264,247 There were 167,761,552 |
Income Taxes | Income Taxes Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to tax net operating loss carryforwards. The deferred tax assets and liabilities represent the future tax return consequences of these differences, which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards. 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. 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. A valuation allowance is established against deferred tax assets when in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond our control, it is at least reasonably possible that management’s judgment about the need for a valuation allowance for deferred taxes could change in the near term. Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50% likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in our tax returns that do not meet these recognition and measurement standards. As of December 31, 2021 and 2020, no |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements We have implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on our financial statements unless otherwise disclosed, and we do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position or results of operations. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF FUTURE MINIMUM LEASE PAYMENTS DUE | SUMMARY OF FUTURE MINIMUM LEASE PAYMENTS DUE Total future payments $ 22,500 Implied interest (209 ) Operating lease liability as of December 31, 2021 $ 22,291 |
SCHEDULE OF INVENTORY | Inventory balances consisted of the following: SCHEDULE OF INVENTORY December 31, 2021 December 31, 2020 Finished goods $ 501,929 $ 526,372 Raw materials 36,032 40,803 Reserve for obsolescence — (241,923 ) Total $ 537,961 $ 325,252 |
SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES CARRIED AT FAIR VALUED MEASURED ON RECURRING BASIS | Accounts payable and related-party payables have fair values that approximate the carrying value due to the short-term nature of these instruments. Derivative liabilities are measured using level 3 inputs. SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES CARRIED AT FAIR VALUED MEASURED ON RECURRING BASIS Total Fair Value at December 31, 2021 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant Derivative liabilities $ 938,794 $ - $ - $ 938,794 Total Fair Value at December 31, 2020 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Derivative liabilities $ 922,654 $ - $ - $ 922,654 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF PROPERTY AND EQUIPMENT AND ESTIMATED SERVICE LIVES | Property and equipment and estimated service lives consist of the following: SCHEDULE OF PROPERTY AND EQUIPMENT AND ESTIMATED SERVICE LIVES December 31, 2021 December 31, 2020 Useful Life (years) Furniture and office equipment $ 3,798 $ - 5 10 Vehicles 18,672 18,672 3 7 Total 22,470 18,672 Less: accumulated depreciation (3,571 ) (373 ) Property and equipment, net $ 18,899 $ 18,299 |
OTHER ACCRUED LIABILITIES (Tabl
OTHER ACCRUED LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Payables and Accruals [Abstract] | |
SCHEDULE OF ACCRUED LIABILITIES | Accrued liabilities consist of the following: SCHEDULE OF ACCRUED LIABILITIES December 31, 2021 December 31, 2020 Tax liabilities $ 545,221 $ 557,894 Other 793,128 796,645 Total $ 1,338,349 $ 1,354,539 |
SCHEDULE OF ACCRUED PAYROLL AND COMPENSATION LIABILITIES | Accrued payroll and compensation liabilities consist of the following: SCHEDULE OF ACCRUED PAYROLL AND COMPENSATION LIABILITIES December 31, 2021 December 31, 2020 Director fees $ 135,000 $ 135,000 Bonus expenses 121,858 121,858 Commissions 2,148 2,148 Consulting 575,322 - Administrative payroll 3,607,070 3,874,340 Total $ 4,441,398 $ 4,133,346 |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Payable | |
SCHEDULE OF NOTES PAYABLE | Notes payable consisted of the following: SCHEDULE OF NOTES PAYABLE December 31, 2021 December 31, 2020 Note payable to former service provider for past due account payable (current) $ 90,000 $ 90,000 Note payable for settlement of debt (long-term) 500,000 500,000 Small Business Administration loan 156,000 156,000 Total $ 746,000 $ 746,000 |
CONVERTIBLE DEBENTURES (Tables)
CONVERTIBLE DEBENTURES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
SCHEDULE OF CONVERTIBLE DEBENTURES | Convertible debentures consisted of the following: SCHEDULE OF CONVERTIBLE DEBENTURES December 31, 2021 December 31, 2020 Convertible debenture, 5 May 30, 2022 $ 200,000 $ 200,000 Convertible debenture, 5 February 8, 2022 25,000 25,000 Convertible debenture, 5 May 30, 2022 25,000 25,000 Convertible debenture, 5 December 8, 2022 25,000 25,000 Convertible debenture, 5 April 30, 2027 2,390,528 2,390,528 Subtotal $ 2,665,528 $ 2,665,528 Less: discounts (524,623 ) (613,428 ) Total $ 2,140,905 $ 2,052,100 Less: current portion (264,284 ) (264,284 ) Long-term portion $ 1,876,621 $ 1,787,816 |
DERIVATIVE LIABILITIES (Tables)
DERIVATIVE LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE | SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE Volatility 36.5 103 % Risk-free rates 0.41 0.90 % Stock price $ 0.035 Remaining life 0.25 5.33 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
SCHEDULE OF NET DEFERRED TAX ASSETS | SCHEDULE OF NET DEFERRED TAX ASSETS 2021 2020 Deferred Tax Assets: NOL Carryover $ 1,244,300 $ 3,791,763 Less valuation allowance (1,244,300 ) (3,791,763 ) Net deferred tax assets $ — $ — |
SCHEDULE OF RECONCILIATION OF INCOME TAXES COMPUTED AT STATUTORY RATE | The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended December 31, 2021 and 2020 due to the following: SCHEDULE OF RECONCILIATION OF INCOME TAXES COMPUTED AT STATUTORY RATE 2021 2020 Book income (loss) $ 23,900 $ 111,023 Change in payroll accruals 74,900 75,142 Stock option expense 39 11 Amortization of debt discount 18,650 23,042 Change in derivative liability 3,390 4,564 Valuation allowance (102,190 ) 142,749 Income tax expense $ — $ — |
STOCK OPTIONS AND WARRANTS (Tab
STOCK OPTIONS AND WARRANTS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
SCHEDULE OF STOCK OPTIONS OUTSTANDING | SCHEDULE OF STOCK OPTIONS OUTSTANDING Exercise Price Count Average Exercise Remaining Life Exercisable $ 0.01 16,000 0.01 3.88 16,000 $ 0.10 24,000 0.10 1.62 24,000 Total 40,000 0.08 2.92 40,000 |
DISCONTINUED OPERATIONS (Tables
DISCONTINUED OPERATIONS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
SCHEDULE OF DISCONTINUED OPERATIONS | Total assets and liabilities included in discontinued operations were as follows: SCHEDULE OF DISCONTINUED OPERATIONS December 31, 2021 December 31, 2020 Assets from Discontinued Operations: Cash $ — $ — Total assets from discontinued operations $ — $ — Liabilities from Discontinued Operations: Accounts payable $ 18,338,848 $ 19,456,998 Accrued liabilities 589,380 589,380 Accrued interest 1,329,692 1,176,226 Accrued payroll and compensation expense 131,108 131,108 Current maturities of long-term debt 239,085 239,085 Related-party payable 1,776,250 1,776,250 Short-term advances payable 2,784,773 2,784,773 Total liabilities from discontinued operations $ 25,189,136 $ 26,153,820 Net (loss) income from discontinued operations for the years ended December 31, 2021 and 2020, were comprised of the following components: 2021 2020 Years ended December 31, 2021 2020 Other income (expense): Interest expense (153,465 ) (153,886 ) Gain on write off of accounts payable 1,118,150 233,382 Total other income 964,685 79,496 Net income from discontinued operations $ 964,685 $ 79,496 |
SUMMARY OF FUTURE MINIMUM LEASE
SUMMARY OF FUTURE MINIMUM LEASE PAYMENTS DUE (Details) | Dec. 31, 2021USD ($) |
Accounting Policies [Abstract] | |
Total future payments | $ 22,500 |
Implied interest | (209) |
Operating lease liability as of December 31, 2021 | $ 22,291 |
SCHEDULE OF INVENTORY (Details)
SCHEDULE OF INVENTORY (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Accounting Policies [Abstract] | ||
Finished goods | $ 501,929 | $ 526,372 |
Raw materials | 36,032 | 40,803 |
Reserve for obsolescence | (241,923) | |
Total | $ 537,961 | $ 325,252 |
SCHEDULE OF FINANCIAL ASSETS AN
SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES CARRIED AT FAIR VALUED MEASURED ON RECURRING BASIS (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative liabilities | $ 938,794 | $ 922,654 |
Fair Value, Inputs, Level 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative liabilities | ||
Fair Value, Inputs, Level 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative liabilities | ||
Fair Value, Inputs, Level 3 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative liabilities | $ 938,794 | $ 922,654 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Product Information [Line Items] | ||
Cash equivalents | $ 0 | $ 0 |
Lease monthly payments | $ 2,500 | |
Operating lease discount rate | 5.00% | |
Investment in securities at cost | $ 300,000 | 300,000 |
Impairment of long-lived assets | 0 | 0 |
Deposits on inventory | 11,639 | 53,900 |
Deposits on inventory - related party | $ 87,042 | $ 319,333 |
Potentially issuable common shares | 144,264,247 | 167,761,552 |
Unrecognized tax benefits | $ 0 | $ 0 |
Maximum [Member] | ||
Product Information [Line Items] | ||
Equity ownership percentage | 20.00% | |
Product Development Service [Member] | ||
Product Information [Line Items] | ||
Revenue recognized | $ 60,500 | 515,000 |
Product Delivery to Customers [Member] | ||
Product Information [Line Items] | ||
Revenue recognized | $ 2,862,769 | $ 1,217,625 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
[custom:WorkingCapitalDeficiency-0] | $ 38,373,523 | |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 838,473 | $ (452,638) |
Retained Earnings (Accumulated Deficit) | $ 77,803,460 | $ 77,929,672 |
SCHEDULE OF PROPERTY AND EQUIPM
SCHEDULE OF PROPERTY AND EQUIPMENT AND ESTIMATED SERVICE LIVES (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Total | $ 22,470 | $ 18,672 |
Less: accumulated depreciation | (3,571) | (373) |
Property and equipment, net | 18,899 | 18,299 |
Furniture and Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | $ 3,798 | |
Furniture and Office Equipment [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Useful Life (years) | 5 years | |
Furniture and Office Equipment [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Useful Life (years) | 10 years | |
Vehicles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | $ 18,672 | $ 18,672 |
Vehicles [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Useful Life (years) | 3 years | |
Vehicles [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Useful Life (years) | 7 years |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 3,198 | $ 373 |
RELATED-PARTY TRANSACTIONS (Det
RELATED-PARTY TRANSACTIONS (Details Narrative) - USD ($) | Mar. 31, 2008 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2007 |
Related Party Transaction [Line Items] | ||||
Proceeds from related party debt | $ 5,000 | $ 11,500 | ||
Repayment of related party debt | 396,797 | 467,409 | ||
Promissory notes payable | 746,000 | 746,000 | ||
Proceeds from promissory notes | 156,000 | |||
Related Party Transaction, Expenses from Transactions with Related Party | 82,018 | 11,500 | ||
Due to Related Parties, Current | 21,882 | 287,776 | ||
Related-party payable | 13,740 | 13,740 | ||
Increase in deposits on inventory - related parties | $ 232,291 | |||
Iehab Hawatmeh [Member] | ||||
Related Party Transaction [Line Items] | ||||
Percentage for borrowing fees | 5.00% | |||
Unsecured advances payable to related party | $ 433,379 | $ 868,528 | ||
Iehab Hawatmeh [Member] | Employee Agreement [Member] | ||||
Related Party Transaction [Line Items] | ||||
Number of options granted to purchase shares | 6,000 | 6,000 | ||
Exercise price per share | $ 0.10 | |||
Number of options expired during period | 6,000 | 6,000 | ||
Number of stock options outstanding | 30,000 | 30,000 | ||
Chief Executive Officer [Member] | ||||
Related Party Transaction [Line Items] | ||||
Inventory percentage | 2.00% | |||
Inventory purchase related party | $ 1,186,645 | $ 643,772 | ||
Promissory Notes Payable [Member] | ||||
Related Party Transaction [Line Items] | ||||
Promissory note percentage | 12.00% | |||
Debt instrument, face amount | 72,466 | 72,466 | ||
Promissory notes payable | $ 315,000 | |||
Proceeds from promissory notes | $ 300,000 | |||
Percentage for borrowing fees | 5.00% | |||
Promissory Notes Payable [Member] | Shareholder Two [Member] | ||||
Related Party Transaction [Line Items] | ||||
Promissory notes payable | $ 105,000 | |||
Promissory Notes Payable [Member] | Shareholders Three [Member] | ||||
Related Party Transaction [Line Items] | ||||
Promissory notes payable | $ 105,000 | |||
President [Member] | ||||
Related Party Transaction [Line Items] | ||||
Promissory note percentage | 10.00% | |||
Proceeds from related party debt | $ 300,000 | |||
Debt instrument, due date description | The note was due on demand after May 2008 | |||
Repayment of related party debt | $ 0 | |||
Debt instrument, face amount | $ 151,833 | $ 151,833 |
SCHEDULE OF ACCRUED LIABILITIES
SCHEDULE OF ACCRUED LIABILITIES (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Payables and Accruals [Abstract] | ||
Tax liabilities | $ 545,221 | $ 557,894 |
Other | 793,128 | 796,645 |
Total | $ 1,338,349 | $ 1,354,539 |
SCHEDULE OF ACCRUED PAYROLL AND
SCHEDULE OF ACCRUED PAYROLL AND COMPENSATION LIABILITIES (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Payables and Accruals [Abstract] | ||
Director fees | $ 135,000 | $ 135,000 |
Bonus expenses | 121,858 | 121,858 |
Commissions | 2,148 | 2,148 |
Consulting | 575,322 | |
Administrative payroll | 3,607,070 | 3,874,340 |
Total | $ 4,441,398 | $ 4,133,346 |
OTHER ACCRUED LIABILITIES (Deta
OTHER ACCRUED LIABILITIES (Details Narrative) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Payables and Accruals [Abstract] | ||
Other accrued liabilities | $ 45,000 | $ 45,000 |
Advance customer deposits | $ 718,535 | $ 751,645 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | |||||
Dec. 31, 2019 | Sep. 30, 2017 | Oct. 31, 2016 | Jun. 30, 2013 | Nov. 30, 2004 | Dec. 31, 2021 | Dec. 31, 2020 | |
Mr. Hawatmeh and Ms. Hollinger [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Options to purchase shares | 8,000 | 8,000 | |||||
Stock or Unit Option Plan Expense | $ 185 | $ 56 | |||||
Delinquent Payroll Taxes Interest and Penalties [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Payment for acceptance of delinquent payroll taxes | $ 500,000 | ||||||
Period of required offer to remain current in payment of taxes | 5 years | ||||||
Amount of taxes waived | $ 1,455,767 | ||||||
Accrued payroll taxes | $ 768,526 | ||||||
Percentage of internal revenue service rate of cash deposits | 5.00% | ||||||
Due to related parties, noncurrent | 525,238 | 673,645 | |||||
Playboy Enterprises, Inc. [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Ligation settlement amount awarded | $ 6,600,000 | ||||||
Accrued claim amount | 17,205,599 | $ 17,205,599 | |||||
Manufacturing and Distribution Agreement [Member] | GloBrands, LLC [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Debt Instrument, Description | We are authorized to retain from the collected sales proceeds an amount equal to 120% of our cost of goods sold, plus 10% of gross sales of the covered products. GloBrands reimburses us 105% of certain of our media placement expenses. Our GloBrands’ agreement term extends through November 30, 2024, subject to earlier termination by either party following 60 days’ notice of uncured material default. | ||||||
Employment Agreement [Member] | President [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Options to purchase shares | 6,000 | ||||||
Quarterly bonus as stated percentage of earnings before interest, taxes, depreciation and amortization for the applicable quarter | 5.00% | ||||||
Bonus percentage of net purchase price of acquisitions completed | 1.00% | ||||||
Annual bonus percentage of gross sales, net of returns and allowances | 1.00% | ||||||
Accrued wages | $ 296,500 | ||||||
Oral Agreement [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Options to purchase shares | 2,000 |
SCHEDULE OF NOTES PAYABLE (Deta
SCHEDULE OF NOTES PAYABLE (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Notes Payable | ||
Note payable to former service provider for past due account payable (current) | $ 90,000 | $ 90,000 |
Note payable for settlement of debt (long-term) | 500,000 | 500,000 |
Small Business Administration loan | 156,000 | 156,000 |
Total | $ 746,000 | $ 746,000 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Notes Payable [Member] | ||
Short-term Debt [Line Items] | ||
Accrued interest on notes payable | $ 252,665 | $ 205,165 |
SCHEDULE OF CONVERTIBLE DEBENTU
SCHEDULE OF CONVERTIBLE DEBENTURES (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Short-term Debt [Line Items] | ||
Subtotal | $ 2,665,528 | $ 2,665,528 |
Less: discounts | (524,623) | (613,428) |
Total | 2,140,905 | 2,052,100 |
Less: current portion | (264,284) | (264,284) |
Long-term portion | 1,876,621 | 1,787,816 |
Convertible Debenture One [Member] | ||
Short-term Debt [Line Items] | ||
Subtotal | 200,000 | 200,000 |
Convertible Debenture Two [Member] | ||
Short-term Debt [Line Items] | ||
Subtotal | 25,000 | 25,000 |
Convertible Debenture Three [Member] | ||
Short-term Debt [Line Items] | ||
Subtotal | 25,000 | 25,000 |
Convertible Debenture Four [Member] | ||
Short-term Debt [Line Items] | ||
Subtotal | 25,000 | 25,000 |
Convertible Debenture Five [Member] | ||
Short-term Debt [Line Items] | ||
Subtotal | $ 2,390,528 | $ 2,390,528 |
SCHEDULE OF CONVERTIBLE DEBEN_2
SCHEDULE OF CONVERTIBLE DEBENTURES (Details) (Parenthetical) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Convertible Debenture One [Member] | ||
Short-term Debt [Line Items] | ||
Convertible debenture, stated interest rate | 5.00% | 5.00% |
Convertible debenture, maturity date | May 30, 2022 | May 30, 2022 |
Convertible Debenture Two [Member] | ||
Short-term Debt [Line Items] | ||
Convertible debenture, stated interest rate | 5.00% | 5.00% |
Convertible debenture, maturity date | Feb. 8, 2022 | Feb. 8, 2022 |
Convertible Debenture Three [Member] | ||
Short-term Debt [Line Items] | ||
Convertible debenture, stated interest rate | 5.00% | 5.00% |
Convertible debenture, maturity date | May 30, 2022 | May 30, 2022 |
Convertible Debenture Four [Member] | ||
Short-term Debt [Line Items] | ||
Convertible debenture, stated interest rate | 5.00% | 5.00% |
Convertible debenture, maturity date | Dec. 8, 2022 | Dec. 8, 2022 |
Convertible Debenture Five [Member] | ||
Short-term Debt [Line Items] | ||
Convertible debenture, stated interest rate | 5.00% | 5.00% |
Convertible debenture, maturity date | Apr. 30, 2027 | Apr. 30, 2027 |
CONVERTIBLE DEBENTURES (Details
CONVERTIBLE DEBENTURES (Details Narrative) | 12 Months Ended | |
Dec. 31, 2021USD ($)d$ / sharesshares | Dec. 31, 2020USD ($)shares | |
Short-term Debt [Line Items] | ||
Lowest bid price | $ / shares | $ 100 | |
Debt convertible, threshold trading days | d | 20 | |
Accrued interest on convertible debentures, current | $ 4,880,219 | $ 2,824,948 |
Convertible Debentures [Member] | ||
Short-term Debt [Line Items] | ||
Debt conversion, converted instrument, shares issued | shares | 144,264,247 | 167,761,552 |
Accrued interest on convertible debentures | $ 1,655,037 | $ 1,528,511 |
Accrued interest on convertible debentures, current | 55,710 | 41,960 |
Accrued interest on convertible debentures, noncurrent | 1,599,328 | 1,486,551 |
Convertible Debenture Holder [Member] | ||
Short-term Debt [Line Items] | ||
Debt conversion, converted instrument, amount | $ 6,750 | $ 4,400 |
Debt conversion, converted instrument, shares issued | shares | 225,000 | 220,000 |
SCHEDULE OF DERIVATIVE LIABILIT
SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE (Details) | 12 Months Ended |
Dec. 31, 2021$ / shares | |
Derivative [Line Items] | |
Derivative liability, stock price per share | $ 0.035 |
Measurement Input, Price Volatility [Member] | Minimum [Member] | |
Derivative [Line Items] | |
Derivative liability, measurement input percentage | 36.5 |
Measurement Input, Price Volatility [Member] | Maximum [Member] | |
Derivative [Line Items] | |
Derivative liability, measurement input percentage | 103 |
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |
Derivative [Line Items] | |
Derivative liability, measurement input percentage | 0.41 |
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |
Derivative [Line Items] | |
Derivative liability, measurement input percentage | 0.90 |
Measurement Input, Maturity [Member] | Minimum [Member] | |
Derivative [Line Items] | |
Derivative liability, remaining life | 3 months |
Measurement Input, Maturity [Member] | Maximum [Member] | |
Derivative [Line Items] | |
Derivative liability, remaining life | 5 years 3 months 29 days |
DERIVATIVE LIABILITIES (Details
DERIVATIVE LIABILITIES (Details Narrative) | 12 Months Ended | |
Dec. 31, 2021USD ($)d$ / shares | Dec. 31, 2020USD ($) | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Convertible debentures | $ 2,665,528 | $ 2,665,528 |
Terms of conversion feature | convertible at the holder’s option into common stock of the company at the lesser of $100 (notes one through four) or $0.10 (note five) or the lowest closing bid price in the prior 20 trading days | |
Lowest bid price | $ / shares | $ 100 | |
Debt convertible, threshold trading days | d | 20 | |
Loss on derivative valuation | $ 16,143 | 22,822 |
Derivative liability | $ 938,794 | $ 922,654 |
COMMON STOCK TRANSACTIONS (Deta
COMMON STOCK TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Common Stock Transactions | ||
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock issued for conversion of accrued interest, shares | 225,000 | 220,000 |
Common stock issued for conversion of accrued interest, value | $ 6,750 | $ 4,400 |
SCHEDULE OF NET DEFERRED TAX AS
SCHEDULE OF NET DEFERRED TAX ASSETS (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
NOL Carryover | $ 1,244,300 | $ 3,791,763 |
Less valuation allowance | (1,244,300) | (3,791,763) |
Net deferred tax assets |
SCHEDULE OF RECONCILIATION OF I
SCHEDULE OF RECONCILIATION OF INCOME TAXES COMPUTED AT STATUTORY RATE (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Book income (loss) | $ 23,900 | $ 111,023 |
Change in payroll accruals | 74,900 | 75,142 |
Stock option expense | 39 | 11 |
Amortization of debt discount | 18,650 | 23,042 |
Change in derivative liability | 3,390 | 4,564 |
Valuation allowance | (102,190) | 142,749 |
Income tax expense |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2019 | Dec. 31, 2020 | |
Federal income tax rate | 21.00% | ||
Operating loss carryforwards | $ 20.2 | $ 19 | |
Four Subsidiaries [Member] | |||
Operating loss carryforwards | $ 8.9 | ||
Change in deferred tax asset | $ 1.9 |
SCHEDULE OF STOCK OPTIONS OUTST
SCHEDULE OF STOCK OPTIONS OUTSTANDING (Details) | 12 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Count | 40,000 |
Average Exercise | $ / shares | $ 0.08 |
Remaining Life | 2 years 11 months 1 day |
Exercisable | 40,000 |
Exercise Price Range One [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Exercise Price | $ / shares | $ 0.01 |
Count | 16,000 |
Average Exercise | $ / shares | $ 0.01 |
Remaining Life | 3 years 10 months 17 days |
Exercisable | 16,000 |
Exercise Price Range Two [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Exercise Price | $ / shares | $ 0.10 |
Count | 24,000 |
Average Exercise | $ / shares | $ 0.10 |
Remaining Life | 1 year 7 months 13 days |
Exercisable | 24,000 |
STOCK OPTIONS AND WARRANTS (Det
STOCK OPTIONS AND WARRANTS (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Unrecognized compensation | $ 0 | $ 0 |
Options issued | 40,000 | |
Vested weighted average exercise price | $ 0.08 | |
Weighted average remaining life | 2 years 11 months 1 day | |
Stock Incentive Plans [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of stock options, granted during period | 8,000 | 8,000 |
Fair value assumptions estimated term | 5 years | 5 years |
Fair value assumptions estimated volatility | 91.00% | 103.00% |
Fair value assumptions risk-free rate | 1.61% | 0.10% |
Stock Incentive Plans [Member] | Employees [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of stock options, granted during period | 8,000 | 8,000 |
SCHEDULE OF DISCONTINUED OPERAT
SCHEDULE OF DISCONTINUED OPERATIONS (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Assets from Discontinued Operations: | ||
Cash | ||
Total assets from discontinued operations | ||
Liabilities from Discontinued Operations: | ||
Accounts payable | 18,338,848 | 19,456,998 |
Accrued liabilities | 589,380 | 589,380 |
Accrued interest | 1,329,692 | 1,176,226 |
Accrued payroll and compensation expense | 131,108 | 131,108 |
Current maturities of long-term debt | 239,085 | 239,085 |
Related-party payable | 1,776,250 | 1,776,250 |
Short-term advances payable | 2,784,773 | 2,784,773 |
Total liabilities from discontinued operations | 25,189,136 | 26,153,820 |
Other income (expense): | ||
Interest expense | (153,465) | (153,886) |
Gain on write off of accounts payable | 1,118,150 | 233,382 |
Total other income | 964,685 | 79,496 |
Net income from discontinued operations | $ 964,685 | $ 79,496 |