Strategic Acquisitions (STQN) 10-Q 5 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	Apr. 30, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	0-28963
Entity Registrant Name	STRATEGIC ACQUISITIONS, INC.
Entity Central Index Key	0000847942
Entity Tax Identification Number	13-3506506
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	51 JFK Parkway
Entity Address, Address Line Two	Suite 135
Entity Address, City or Town	Short Hills
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07078
City Area Code	908
Local Phone Number	266-0541
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	STQN
Entity Current Reporting Status	Yes
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 Common Stock, Shares Outstanding		6,675,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash	$ 151,212	$ 241,727
Collateral receivable due from lender	2,158,254	2,158,254
Loan receivable	1,374,691	1,374,691
Accrued interest receivable	11,456	11,456
Prepaid expenses	4,196
Deferred income tax assets	207,305
Total assets	3,907,114	3,786,128
Liabilities
Accounts payable and accrued expenses	15,002	30,055
Due to related party (noninterest bearing, due on demand)		15,000
Note payable, net of unamortized origination fee of $8,968 and $10,704	1,379,608	1,377,872
Digital asset collateral due to customer	2,849,272	1,653,100
Deferred income tax liability		101,018
Total liabilities	4,243,882	3,177,045
Shareholders’ Equity
Common stock, $$0.001 par value; 50,000,000 shares authorized; 6,675,000 shares issued and outstanding as of March 31, 2023 and December 31, 2022	6,675	6,675
Additional paid-in capital	353,736	353,736
Retained earnings (accumulated deficit)	(697,179)	248,672
Total shareholders’ equity (deficit)	(336,768)	609,083
Total liabilities and shareholders’ equity (deficit)	$ 3,907,114	$ 3,786,128

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Debt unamortized fee	$ 8,968	$ 10,704
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	6,675,000	6,675,000
Common stock, shares outstanding	6,675,000	6,675,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2023
Revenues
Loan administrative service fees		$ 3,950
Interest income		13,747
Total revenues		17,697
Operating expenses
Selling, general and administrative expenses	50,000	65,284
Total operating expenses	50,000	65,284
Loss from operations	(50,000)	(47,587)
Other expense, net
Fair value adjustment on repledged collateral		(1,196,172)
Interest expense		(8,679)
Amortization of loan origination fee		(1,736)
Total other expense, net		(1,206,587)
Loss before income taxes benefit	(50,000)	(1,254,174)
Income taxes benefit	(15,764)	(308,323)
Net loss	$ (34,236)	$ (945,851)
Net loss per share - basic and diluted	$ (0.01)	$ (0.14)
Weighted average shares outstanding - basic and diluted	3,600,000	6,675,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Subscription Receivable [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Mar. 15, 2022
Beginning balance, shares at Mar. 15, 2022
Net loss				(34,236)	(34,236)
Subscription to 1,000 shares of Exworth Union Inc common stock (equivalent to 3,600,000 shares of Strategic Acquisitions Inc. common stock) by Exworth Management LLC	$ 3,600	(100)	(3,500)
Subscription to 1,000 shares of Exworth Union Inc common stock (equivalent to 3,600,000 shares of Strategic Acquisitions Inc. common stock) by Exworth Management LLC, shares	3,600,000
Ending balance, value at Mar. 31, 2022	$ 3,600	(100)	(3,500)	(34,236)	(34,236)
Ending balance, shares at Mar. 31, 2022	3,600,000
Beginning balance, value at Dec. 31, 2022	$ 6,675		353,736	248,672	609,083
Beginning balance, shares at Dec. 31, 2022	6,675,000
Net loss				(945,851)	(945,851)
Ending balance, value at Mar. 31, 2023	$ 6,675			$ (697,179)	$ (336,768)
Ending balance, shares at Mar. 31, 2023	6,675,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) (Parenthetical) - Common Stock [Member]	1 Months Ended
	Mar. 31, 2022 shares
Stock issued during period, shares	3,600,000
Stock issued during period, shares	3,600,000
Exworth Union Inc [Member]
Stock issued during period, shares	1,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2023
Cash flows from operating activities:
Net loss	$ (34,236)	$ (945,851)
Adjustments to reconcile net income to net cash used in operating activities:
Fair value adjustment on repledged collateral		1,196,172
Deferred income tax benefit	(15,764)	(308,323)
Amortization of loan origination fees		1,736
Change in operating assets and liabilities:
Prepaid expenses		(4,196)
Accounts payable and accrued expenses		(15,053)
Net cash used in operating activities	(50,000)	(75,515)
Cash flows from financing activities:
Net proceeds from note payable
Proceeds from (repayment to) related party	50,000	(15,000)
Net cash provided by financing activities	50,000	(15,000)
Net change in cash and cash equivalents		(90,515)
Cash, beginning of period		241,727
Cash, end of period		151,212
Supplemental disclosure of cash flow information:
Interest		17,357
Income taxes

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	Note 1 Organization and Nature of Operations Organization Strategic Acquisitions, Inc. (“STQN”) was organized January 27, 1989 under the laws of the State of Nevada. On November 29, 2022, STQN incorporated a subsidiary, STQN Sub, Inc. (“STQN Sub”). Since inception to December 22, 2022, STQN did not engage in any business activities other than organizational efforts, the sale of stock, and the evaluation of potential acquisition targets with active business operations. Effective December 22, 2022, STQN completed a reverse acquisition of Exworth Union Inc (“Union”) (the “Transaction”) through a share exchange with the two shareholders of Union. To complete the Transaction, STQN issued a total of 3,960,000 shares of STQN common stock (representing 59.3 % of STQN’s issued and outstanding common stock after the Transaction) to the two shareholders of Union in exchange for 1,100 shares of Union’s common stock, representing 100 % of Union’s issued and outstanding common stock. As a result of the Transaction, STQN now owns all of the issued and outstanding common stock of Union, the surviving company of the merger between STQN Sub and Union. Prior to the Transaction, Exworth Management LLC (“Exworth Management”) owned 91 % of the outstanding common stock of Union and approximately 74 % of the outstanding common stock of STQN. The Transaction was accounted for as a “reverse recapitalization” in accordance with accounting principles generally accepted in the United States (“GAAP”). Under this method of accounting, STQN was treated as the “acquired” company for financial reporting purposes and Union was determined to be the accounting acquirer based on the terms of the Transaction and other factors including: (i) Union’s stockholders having a majority of the voting power of the combined company and (ii) the operations of Union comprising all of the ongoing operations of the combined entity. Operations prior to the Transaction are those of Union. Subsequent to the Transaction, the Company conducts its operations through Union, a Delaware corporation, which was formed on March 16, 2022. Union provides loans that are collateralized by digital assets such as Bitcoin and will accept as collateral other types of alternative assets such as eCommerce accounts receivable, recursive payments of software as service (SAAS) subscriptions, IP and copyrights. STQN and Union are collectively referred to as the “Company”. Nature of Operations Loans made by the Company are collateralized with digital assets of such kind and in such amounts as the Company determines from time to time to be acceptable. As of March 31, 2023 and December 31, 2022, the only digital asset the Company accepted as collateral was Bitcoin. The Company’s target markets are individuals and commercial enterprises that hold digital assets and are seeking liquidity without selling their digital assets, with limited or no options to obtain a credit line or business loans from conventional financial institutions. The Company provides term loans, up to two years, to these individuals and commercial enterprises. The Company originates U.S. dollar denominated loans and offers loans to both individual and business borrowers who own digital assets and desire to borrow against such digital assets rather than selling them. Borrowers that receive loans from the Company are required to transfer a specified value of digital assets to the Company to be held as collateral and security for the repayment of the loans. Upon maturity and repayment of a borrower’s loan, the digital asset collateral is returned to the borrower. Also, under the loan agreements with borrowers, the Company has the right to repledge collateral to secure transactions, including loans that the Company maintains with third parties for capital management purposes and market neutral trading strategies to generate investment returns. See Note 6 The Company also provides loan administration services to borrowers and lenders. The Company is responsible

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 Summary of Significant Accounting Policies Basis of presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) as determined by the Financial Accounting Standards Board (“FASB”) within its Accounting Standards Codification (“ASC”) and under the rules and regulations of the SEC for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim condensed consolidated financial statements reflect all adjustments, consisting only of normal, recurring adjustments, that are necessary for the fair presentation of the Company’s balance sheet, results of operations and statements of cash flows for the periods presented. The unaudited interim condensed consolidated financial statements are not necessarily indicative of the results to be expected for the full year or any other period. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s 10-K filed with the SEC pursuant to Section 12(g) under the Securities Exchange Act of 1934, on March 7, 2023. Principles of consolidation These accompanying unaudited interim condensed consolidated financial statements include the financial statements of STQN and its subsidiaries. All significant intercompany transactions and balances between the Company and its subsidiaries are eliminated upon consolidation. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove a majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors. Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. The most significant accounting estimates inherent in the preparation of the Company’s financial statements include calculations of the fair values of repledged borrowers’ digital asset collateral and the allowance for loan losses. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Federal Deposit Insurance Corporation (“FDIC”) insures accounts up to $ 250,000 per Federally insured institution. As of March 31, 2023 and December 31, 2022, the Company had no uninsured balances on deposit at banks. Borrower Collateral and Custody Assets The Company requires loans to have certain collateral levels at origination and throughout the term of the loan. The loan agreement with each borrower specifies that the borrower transfers and assigns to the Company the collateral together with all rights and interests attached or accruing thereto (including without limitation accrued dividends and distributions declared, made or paid after the relevant date of delivery). Borrowers deposit the collateral into a 3 rd not not When a transfer of digital assets does not 310, Receivables 310” Allowance for Loan Losses FASB ASC 310, Receivables 310” 450 20, Contingencies Loss Contingencies 450” The process for determining the amount of the allowance requires subjective and complex judgments about the future, including forecasts of economic or market conditions that might impair the ability of borrowers to repay their loans. Changes in economic conditions affecting borrowers, revisions to accounting rules and related guidance, new qualitative or quantitative information about existing loans, identification of additional problem loans, changes in the size or composition of a company’s finance receivables and loan portfolio, changes to a company’s loss estimation techniques including consideration of forecasted economic assumptions, and other factors, both within and outside of control, may Revenue recognition Borrower Fee The Company offers U.S. Dollar loans collateralized by digital assets to a broad range of customers and generates revenue from interest income and fees earned on loans. Revenue derived from borrower fees on loans is outside the scope of ASC 606, Revenue from Contracts with Customers 606” may Loan administration The Company provides loan admin istration (see Note 9) consist of a Income Taxes The Company follows Accounting Standards Codification subtopic 740, Income Taxes (“ASC 740”), which requires the Company to use the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities at currently enacted tax rates. Under this accounting standard, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. ASC 740-10, Accounting for Uncertainty in Income Taxes, defines uncertainty in income taxes and the evaluation of a tax position as a two-step process. The first step is to determine whether it is more likely than not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that tax position. The second step is to measure a tax position that meets the more likely than not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meet the more likely than not recognition threshold should be recognized in the first subsequent period in which the threshold is met. The Company will continue to monitor its tax positions in the applicable jurisdictions and adjust this liability accordingly. The Company has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that no uncertain tax positions related to federal and state income taxes existed as of March 31, 2023 and December 31, 2022. Earnings per Share Basic net income (loss) per share is calculated based upon the weighted average number of shares of common stock outstanding during the relevant period. Diluted net income (loss) per share is calculated based upon the weighted average number of shares of common stock outstanding and dilutive securities (such as stock options, warrants and convertible debt) outstanding during the relevant period. Diluted securities having an anti-dilutive effect on dilutive net income (loss) per share are excluded from the calculation. Recently Issued Accounting Pronouncements The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change. In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (ASC 326): Measurement of Credit Losses on Financial Instruments, that changes the impairment model for most financial assets and certain other instruments. For receivables, loans and other instruments, entities will be required to use a new forward-looking “expected loss” model that generally will result in the earlier recognition of the allowance for losses. In addition, an entity will have to disclose significantly more information about allowances and credit quality indicators. The new standard is effective for the Company for fiscal years beginning after December 15, 2022. The adoption of ASU 2019-12 is not expected to have a significant effect on the Company’s financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (ASC 740): Simplifying the Accounting for Income Taxes, which is part of the FASB’s initiative to reduce complexity in accounting standards. The proposed ASU eliminates certain exceptions to the general principles of ASC 740, Income Taxes, and simplifies income tax accounting in several areas. The implementation of this new standard applies to annual reporting periods beginning after December 15, 2021, and interim periods with fiscal years beginning after December 15, 2022, for Emerging Growth Companies. The adoption of ASU 2019-12 did not have a significant effect on the Company’s financial statements.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurement	Note 3 Fair Value Measurement Fair value is defined as the price that would be received upon sale of an asset or paid to transfer a liability (i.e., the ‘exit price’) in an orderly transaction between market participants at the measurement date. GAAP utilizes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Since valuations are based on quoted prices that are readily and regularly available in an active market, these valuations do not entail a significant degree of judgment. Level 2 – Valuations based on quoted prices, other than those in Level 1, for identical assets or liabilities in markets that are not active or for similar assets and liabilities for which significant inputs are observable, either directly or indirectly. Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. The Company’s financial instruments include cash and cash equivalents, accounts payable and accrued expenses, due to related party, note payable, and digital asset collateral due to customer. The fair values of cash and cash equivalents, accounts payable and accrued expenses, due to related party, and note payable approximate their stated amounts because of the short maturity of these financial instruments. The availability of valuation techniques and observable inputs can vary by investment. To the extent that valuations are based on sources that are less observable or unobservable in the market, the determination of fair value requires more judgment. Fair value estimates do not necessarily represent the amounts that may be ultimately realized by the Company. The following table presents the fair value hierarchy for those assets and liabilities the Company measured at fair value on a recurring basis: Schedule of Fair Value Measurement March 31, 2023 (unaudited) Fair Value Measurements Level 1 Level 2 Level 3 Liabilities Digital asset collateral due to customer $ - $ 2,849,272 $ - December 31, 2022 Fair Value Measurements Level 1 Level 2 Level 3 Liabilities Digital asset collateral due to customer $ - $ 1,653,100 $ - The Company determined the fair value per Bitcoin to be $ 28,492 and $ 16,531 on March 31, 2023 and December 31, 2022, respectively, using the price provided at 8:00 p.m., New York Time by the Digital Asset Exchange Market considered to be the Company’s principal market (Fed Reserve Coinbase Bitcoin).

Collateralized Loans Receivable

Collateralized Loans Receivable and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Collateralized Loans Receivable and Allowance for Loan Losses	Note 4 Collateralized Loans Receivable and Allowance for Loan Losses As of March 31, 2023 and December 31, 2022, the Company had one loan receivable in the principal amount of $ 1,374,691 . The receivable bears interest at 4 % per annum, is due in July 2024, and is secured by 100 Bitcoins. At the time of origination, loans are secured and over-collateralized with digital assets the Company determines from time to time to be acceptable collateral. As of March 31, 2023 and December 31, 2022, the only digital asset the Company accepted as collateral was Bitcoin. Borrowers make principal payments at maturity and make interest payments quarterly. The interest rate is set by the Company and is impacted by loan terms and amounts. Once a loan application is approved, a loan is created when a borrower sends collateral to the Company’s collateral wallet (the “The Company’s Custody Wallet”) and funds are disbursed to the borrower’s bank account. During the term of the loan, the Company may repledge a borrower’s collateral and move it out of the Company’s Custody Wallet. Total borrower collateral repledged of $ 2,849,272 and $ 1,653,100 is presented at fair value on the Balance Sheet as of March 31, 2023 and December 31, 2022, respectively. During the term of the loan, borrowers are required to maintain a certain level of loan to value (“LTV”) ratio, which is the loan amount divided by real time fair value of the collateral. If at any time the LTV reaches the LTV margin call level, borrowers are required to deposit additional collateral with the Company so that the LTV drops to the required level. According to its loan agreements, the Company has the ability to sell or liquidate a borrower’s collateral assets to repay its loan principal if a margin call is not cured as required under the contractual terms. If the threshold for collateral liquidation is surpassed, the Company may liquidate a portion or all of the collateral assets. The liquidation handling fee is generally 2.00 % of the principal amount of the loan. Since inception , The Company does not recognize its digital asset-backed loans extended as sale transactions as defined by FASB ASC 860. 11,456 is presented on the Balance Sheet as of March 31, 2023 and December 31, 2022. Loans are secured by digital assets which are the collateral for loans. The Company originates loans at various LTVs to over-collateralize each loan. A margin call notice is triggered when the LTV exceeds 85% of the current collateral value at which time the Company notifies the borrower to post additional collateral or make a payment to cure the margin call to reduce the LTV to under 85% within 24 hours of notice (unless the LTV reverts back to 85% within 2 business days). Otherwise, the Company may at its sole and absolute discretion sell, transfer, liquidate or otherwise dispose of all or a part of the collateral and apply the net proceeds to the discharge of the borrower’s obligations. A summary of loans receivable by expected future cash flows is presented below: Schedule of Loans Receivable Future Principal Payments Receipt of Payments March 31, (unaudited) Future Principal Payments As Of Receipt of Payments March 31, 2023 (unaudited) 0 to 12 months $ - 12 to 24 months 1,374,691 Total $ 1,374,691 The LTV ratio on the one loan receivable at March 31, 2023 and December 31, 2022 was 48 % and 83 %, respectively. On March 31, 2023 and December 31, 2022, the fair value of the collateral received to secure the loan receivable balance was $ 2,849,272 and $ 1,653,100 , respectively. As of March 31, 2023 and December 31, 2022, all the collateral balance was repledged, resulting in a corresponding liability of $ 2,849,272 and $ 1,653,100 , respectively, which is included as “Digital asset collateral due to customer” on the Balance Sheet. There is a risk that financings made with borrower collateral could be worth less than the underlying borrower collateral, in which case the Company would have to purchase additional digital assets to repay the borrowers’ collateral. Allowance for Loan Losses An allowance for loan losses is established with respect to loans held for investment through periodic charges to the provision for loan losses. Loan losses are charged against the allowance for loan losses when management believes that the future collection of the principal of a loan is unlikely. To date, the Company does not not Management classifies loans into risk categories based on their original LTV and monitors the current LTV on a recurring basis. The allowance is subjective as it requires material estimates, including such factors as historical trends. Other qualitative factors considered may include items such as uncertainties in the digital asset market, changes in the composition of the Company’s lending portfolio, business conditions and emerging trends. Recovery of the carrying value of loans is dependent to a great extent on conditions that may be beyond the Company’s control. Although the Company has not experienced any losses on the portfolio to date, any combination of the previously described factors may affect its loan portfolio resulting in potential loan losses and could require an allowance for loan loss, which could impact future periods. As of March 31, 2023 and December 31, 2022, management has not liquidated any collateral and the Company has not incurred any losses on the outstanding portfolio. The Company also over collateralizes its loans with digital assets, which allow the Company to liquidate the pledged collateral for an amount at least equal to the principal owed. As of March 31, 2023 and December 31, 2022, the Company had one loan receivable and this loan had an 48 % and 83 % LTV. As a result, the Company recorded no allowance for loan losses as of March 31, 2023 and December 31, 2022.

Collateral Receivable

Collateral Receivable	3 Months Ended
	Mar. 31, 2023
Collateral Receivable
Collateral Receivable	Note 5 Collateral Receivable Digital Asset Collateral Receivable In July 2022, the Company repledged its customer collateral by entering into a master loan agreement with a counterparty lender (see Note 6). In accordance with ASC 860, 1,196,172 and $ 0 2,158,254 and the balance of the digital asset collateral due to customer (at fair value) was $ 2,849,272 and $ 1,653,100 , respectively.

Note Payable

Note Payable	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Note Payable	Note 6 Note Payable On July 14, 2022, the Company entered and executed a master loan agreement with a lender. The loan has a term of 24 months and bears an interest rate of 2.5 %. The loan is non-recourse and collateralized using repledged customer collateral. The net balance on the loan as of March 31, 2023 and December 31, 2022 is $ 1,379,608 ($ 1,388,576 net of an unamortized origination fee of $ 8,968 ) and $ 1,377,872 ($ 1,388,576 net of an unamortized origination fee of $ 10,704 ), respectively, with 100 Bitcoins as collateral. The balance of collateral included in collateral receivable due from lender on the Balance Sheet is $ 2,158,254 at March 31, 2023 and December 31, 2022. The following table summarizes the Company’s notes payable: Schedule of Notes Payable March 31, 2023 (unaudited) Currency Note Issued Note Balance as of March 31, 2023 Note Payable USD $ 1,388,576 $ - $ 1,388,576 December 31, 2022 Currency Note Issued Note Balance as of December 31, 2022 Note Payable USD $ 1,388,576 $ - $ 1,388,576 Schedule of Future Principal Repayments Amount 2023 $ - 2024 1,388,576 Total $ 1,388,576

Shareholders_ Equity

Shareholders’ Equity	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Shareholders’ Equity	Note 7 Shareholders’ Equity On March 28, 2022 and April 3, 2022, Union issued a total of 1,000 shares of its common stock to Exworth Management LLC, managing entity of Union, at a price of $ 0.10 per share or $ 100 total. On June 8, 2022, Union issued 100 shares of its common stock to World Class Global Technology PTE LTD. (“World Class”) at an amended price of $ 3,500 per share or $ 350,000 . Effective August 31, 2022, STQN issued a total of 150,000 warrants to its three directors (prior to the August 31, 2022 change in control) for past services rendered to STQN. The warrants are exercisable into shares of STQN common stock at a price of $ 1.20 per share and expire August 31, 2027. On December 22, 2022, STQN completed a reverse acquisition transaction with the two shareholders of Union (See note 1). Exworth Management received 3,600,000 shares of STQN common stock in exchange for the 1,000 shares of Union common stock it owned and World Class received 360,000 shares of STQN common stock in exchange for the 100 shares of Union common stock it owned.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 Income Taxes The components of the provision for (benefit from) income taxes are as follows: Schedule of Provision for (benefit from) Income Taxes For the three months ended (unaudited) From March 16, (unaudited) Current $ - $ - Deferred (308,323 ) (15,764 ) Total provision for (benefit from) income taxes $ (308,323 ) $ (15,764 ) The reconciliation between the statutory and effective tax rates follows: Schedule of Reconciliation Statutory Effective Tax Rates For the three months ended (unaudited) From March 16, (unaudited) Computed “expected” tax expense (United States statutory rate) 21.00 % 21.00 % Increase (decrease) in tax expense resulting from: State tax expense, net of Federal benefit 8.69 % 10.53 % Change in valuation allowance ( 5.11 )% - % Effective rate 24.58 % 31.53 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income tax assets and (liabilities) are as follows: Schedule of Deferred Income Tax Assets and Liabilities March 31, 2023 (unaudited) December 31, 2022 Deferred income tax assets: Net operating loss carryforwards $ 179,080 $ 164,054 Unrealized loss on repledged collateral fair value adjustment 207,305 - Less: Valuation allowance (179,080 ) (115,041 ) Total deferred income tax assets 207,305 49,013 Deferred income tax liabilities Unrealized gain on repledged collateral fair value adjustment - (150,031 ) Total deferred income tax liabilities - (150,031 ) Net deferred income tax asset (liability) $ 207,305 $ (101,018 ) In assessing the realization of deferred tax assets, management considers whether it is more likely than not For United States income tax purposes, STQN has a net operating loss carry forward of approximately $ 552,000 Current United States income tax law limits the amount of loss available to offset against future taxable income when a substantial change in ownership occurs. Income tax returns for tax years 2020, 2021, and 2022 remain subject to examination by the Internal Revenue Service. Union has a United States net operating loss carry forward of approximately $ 209,000 at March 31, 2023.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 9 – Related Party Transactions Schedule of Related Party Transactions For the three months ended, Name Relationship Nature March 31, 2023 (Unaudited) Exworth Global Inc. An entity controlled by Exworth Holdings Inc., a majority shareholder of the Company Loan administrative services fees $ 3,950

Risk and Uncertainties

Risk and Uncertainties	3 Months Ended
	Mar. 31, 2023
Risks and Uncertainties [Abstract]
Risk and Uncertainties	Note 10 – Risk and Uncertainties The Company’s investing activities expose it to various types of risk that are associated with the financial instruments and markets in which it invests. The significant types of financial risks to which the Company is exposed include, but are not limited to market risk, industry risk, liquidity risk, concentration risk, credit risk and digital asset risk. Certain aspects of those risks are addressed below: Concentration Risk One borrower represented 100 of the Company’s total loan receivable balance at March 31, 2023 and December 31, 2022 and 100 of the Company’s total interest income for the three months ended March 31, 2023. One lender represented 100 of the Company’s note payable balance at March 31, 2023 and December 31, 2022 and 100 of the Company’s total interest expense for the three months ended March 31, 2023.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) as determined by the Financial Accounting Standards Board (“FASB”) within its Accounting Standards Codification (“ASC”) and under the rules and regulations of the SEC for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim condensed consolidated financial statements reflect all adjustments, consisting only of normal, recurring adjustments, that are necessary for the fair presentation of the Company’s balance sheet, results of operations and statements of cash flows for the periods presented. The unaudited interim condensed consolidated financial statements are not necessarily indicative of the results to be expected for the full year or any other period. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s 10-K filed with the SEC pursuant to Section 12(g) under the Securities Exchange Act of 1934, on March 7, 2023.
Principles of consolidation	Principles of consolidation These accompanying unaudited interim condensed consolidated financial statements include the financial statements of STQN and its subsidiaries. All significant intercompany transactions and balances between the Company and its subsidiaries are eliminated upon consolidation. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove a majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. The most significant accounting estimates inherent in the preparation of the Company’s financial statements include calculations of the fair values of repledged borrowers’ digital asset collateral and the allowance for loan losses. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Federal Deposit Insurance Corporation (“FDIC”) insures accounts up to $ 250,000 per Federally insured institution. As of March 31, 2023 and December 31, 2022, the Company had no uninsured balances on deposit at banks.
Borrower Collateral and Custody Assets	Borrower Collateral and Custody Assets The Company requires loans to have certain collateral levels at origination and throughout the term of the loan. The loan agreement with each borrower specifies that the borrower transfers and assigns to the Company the collateral together with all rights and interests attached or accruing thereto (including without limitation accrued dividends and distributions declared, made or paid after the relevant date of delivery). Borrowers deposit the collateral into a 3 rd not not When a transfer of digital assets does not 310, Receivables 310”
Allowance for Loan Losses	Allowance for Loan Losses FASB ASC 310, Receivables 310” 450 20, Contingencies Loss Contingencies 450” The process for determining the amount of the allowance requires subjective and complex judgments about the future, including forecasts of economic or market conditions that might impair the ability of borrowers to repay their loans. Changes in economic conditions affecting borrowers, revisions to accounting rules and related guidance, new qualitative or quantitative information about existing loans, identification of additional problem loans, changes in the size or composition of a company’s finance receivables and loan portfolio, changes to a company’s loss estimation techniques including consideration of forecasted economic assumptions, and other factors, both within and outside of control, may
Revenue recognition	Revenue recognition Borrower Fee The Company offers U.S. Dollar loans collateralized by digital assets to a broad range of customers and generates revenue from interest income and fees earned on loans. Revenue derived from borrower fees on loans is outside the scope of ASC 606, Revenue from Contracts with Customers 606” may Loan administration The Company provides loan admin istration (see Note 9) consist of a
Income Taxes	Income Taxes The Company follows Accounting Standards Codification subtopic 740, Income Taxes (“ASC 740”), which requires the Company to use the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities at currently enacted tax rates. Under this accounting standard, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. ASC 740-10, Accounting for Uncertainty in Income Taxes, defines uncertainty in income taxes and the evaluation of a tax position as a two-step process. The first step is to determine whether it is more likely than not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that tax position. The second step is to measure a tax position that meets the more likely than not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meet the more likely than not recognition threshold should be recognized in the first subsequent period in which the threshold is met. The Company will continue to monitor its tax positions in the applicable jurisdictions and adjust this liability accordingly. The Company has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that no uncertain tax positions related to federal and state income taxes existed as of March 31, 2023 and December 31, 2022.
Earnings per Share	Earnings per Share Basic net income (loss) per share is calculated based upon the weighted average number of shares of common stock outstanding during the relevant period. Diluted net income (loss) per share is calculated based upon the weighted average number of shares of common stock outstanding and dilutive securities (such as stock options, warrants and convertible debt) outstanding during the relevant period. Diluted securities having an anti-dilutive effect on dilutive net income (loss) per share are excluded from the calculation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change. In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (ASC 326): Measurement of Credit Losses on Financial Instruments, that changes the impairment model for most financial assets and certain other instruments. For receivables, loans and other instruments, entities will be required to use a new forward-looking “expected loss” model that generally will result in the earlier recognition of the allowance for losses. In addition, an entity will have to disclose significantly more information about allowances and credit quality indicators. The new standard is effective for the Company for fiscal years beginning after December 15, 2022. The adoption of ASU 2019-12 is not expected to have a significant effect on the Company’s financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (ASC 740): Simplifying the Accounting for Income Taxes, which is part of the FASB’s initiative to reduce complexity in accounting standards. The proposed ASU eliminates certain exceptions to the general principles of ASC 740, Income Taxes, and simplifies income tax accounting in several areas. The implementation of this new standard applies to annual reporting periods beginning after December 15, 2021, and interim periods with fiscal years beginning after December 15, 2022, for Emerging Growth Companies. The adoption of ASU 2019-12 did not have a significant effect on the Company’s financial statements.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement	The following table presents the fair value hierarchy for those assets and liabilities the Company measured at fair value on a recurring basis: Schedule of Fair Value Measurement March 31, 2023 (unaudited) Fair Value Measurements Level 1 Level 2 Level 3 Liabilities Digital asset collateral due to customer $ - $ 2,849,272 $ - December 31, 2022 Fair Value Measurements Level 1 Level 2 Level 3 Liabilities Digital asset collateral due to customer $ - $ 1,653,100 $ -

Collateralized Loans Receivab_2

Collateralized Loans Receivable and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Schedule of Loans Receivable Future Principal Payments	Schedule of Loans Receivable Future Principal Payments Receipt of Payments March 31, (unaudited) Future Principal Payments As Of Receipt of Payments March 31, 2023 (unaudited) 0 to 12 months $ - 12 to 24 months 1,374,691 Total $ 1,374,691

Note Payable (Tables)

Note Payable (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Notes Payable	The following table summarizes the Company’s notes payable: Schedule of Notes Payable March 31, 2023 (unaudited) Currency Note Issued Note Balance as of March 31, 2023 Note Payable USD $ 1,388,576 $ - $ 1,388,576 December 31, 2022 Currency Note Issued Note Balance as of December 31, 2022 Note Payable USD $ 1,388,576 $ - $ 1,388,576
Schedule of Future Principal Repayments	Schedule of Future Principal Repayments Amount 2023 $ - 2024 1,388,576 Total $ 1,388,576

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Provision for (benefit from) Income Taxes	The components of the provision for (benefit from) income taxes are as follows: Schedule of Provision for (benefit from) Income Taxes For the three months ended (unaudited) From March 16, (unaudited) Current $ - $ - Deferred (308,323 ) (15,764 ) Total provision for (benefit from) income taxes $ (308,323 ) $ (15,764 )
Schedule of Reconciliation Statutory Effective Tax Rates	The reconciliation between the statutory and effective tax rates follows: Schedule of Reconciliation Statutory Effective Tax Rates For the three months ended (unaudited) From March 16, (unaudited) Computed “expected” tax expense (United States statutory rate) 21.00 % 21.00 % Increase (decrease) in tax expense resulting from: State tax expense, net of Federal benefit 8.69 % 10.53 % Change in valuation allowance ( 5.11 )% - % Effective rate 24.58 % 31.53 %
Schedule of Deferred Income Tax Assets and Liabilities	Schedule of Deferred Income Tax Assets and Liabilities March 31, 2023 (unaudited) December 31, 2022 Deferred income tax assets: Net operating loss carryforwards $ 179,080 $ 164,054 Unrealized loss on repledged collateral fair value adjustment 207,305 - Less: Valuation allowance (179,080 ) (115,041 ) Total deferred income tax assets 207,305 49,013 Deferred income tax liabilities Unrealized gain on repledged collateral fair value adjustment - (150,031 ) Total deferred income tax liabilities - (150,031 ) Net deferred income tax asset (liability) $ 207,305 $ (101,018 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Schedule of Related Party Transactions For the three months ended, Name Relationship Nature March 31, 2023 (Unaudited) Exworth Global Inc. An entity controlled by Exworth Holdings Inc., a majority shareholder of the Company Loan administrative services fees $ 3,950

Organization and Nature of Op_2

Organization and Nature of Operations (Details Narrative)	Dec. 22, 2022 shares
Restructuring Cost and Reserve [Line Items]
Percentage of issued and outstanding common stock	59.30%
Exworth Management LLC [Member]
Restructuring Cost and Reserve [Line Items]
Sale of stock percentage of ownership before transaction	74%
Exworth Union Inc [Member]
Restructuring Cost and Reserve [Line Items]
Number of shares issued as a part of acquisition	3,960,000
Exworth Union Inc [Member] | Exworth Management LLC [Member]
Restructuring Cost and Reserve [Line Items]
Sale of stock percentage of ownership before transaction	91%
Exworth Union Inc [Member] | Two Shareholders [Member]
Restructuring Cost and Reserve [Line Items]
Number of shares issued as a part of acquisition	1,100
Percentage of issued and outstanding common stock	100%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash, FDIC insured amount	$ 250,000
Cash, FDIC uninsured amount	$ 0	$ 0

Schedule of Fair Value Measurem

Schedule of Fair Value Measurement (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Digital asset collateral due to customer	$ 2,849,272	$ 1,653,100
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Digital asset collateral due to customer
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Digital asset collateral due to customer	2,849,272	1,653,100
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Digital asset collateral due to customer

Fair Value Measurement (Details

Fair Value Measurement (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair value per Bitcoin	$ 28,492	$ 16,531

Schedule of Loans Receivable Fu

Schedule of Loans Receivable Future Principal Payments (Details)	Mar. 31, 2023 USD ($)
Receivables [Abstract]
0 to 12 months
12 to 24 months	1,374,691
Total	$ 1,374,691

Collateralized Loans Receivab_3

Collateralized Loans Receivable and Allowance for Loan Losses (Details Narrative) - USD ($)	3 Months Ended	10 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Loan receivable	$ 1,374,691	$ 1,374,691
Percentage of notes receivable interest	4%	4%
Collateral balance repledged	$ 2,849,272	$ 1,653,100
Liquidation handling fee price percentage	2%
Interest receivable on loans	$ 11,456	$ 11,456
Description of current collateral value, borrower	A margin call notice is triggered when the LTV exceeds 85% of the current collateral value at which time the Company notifies the borrower to post additional collateral or make a payment to cure the margin call to reduce the LTV to under 85% within 24 hours of notice (unless the LTV reverts back to 85% within 2 business days).
Percentage of loan-to-value ratio	48%	83%
Allowance for loan losses	$ 0	$ 0
Borrower Collateral [Member]
Financing Receivable, Past Due [Line Items]
Collateral balance repledged	2,849,272	1,653,100
Fair value of collateral received	$ 2,849,272	$ 1,653,100

Collateral Receivable (Details

Collateral Receivable (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2023	Dec. 31, 2022
Collateral Receivable
Assets fair value adjustment	$ 0	$ 1,196,172
Digital assets collateral receivable		2,158,254	$ 2,158,254
Assets collateral due to customer		$ 2,849,272	$ 1,653,100

Schedule of Notes Payable (Deta

Schedule of Notes Payable (Details) - USD ($)	3 Months Ended	10 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Note payable	$ 1,388,576
Master Loan Agreement [Member]
Short-Term Debt [Line Items]
Note issued	1,388,576	$ 1,388,576
Note payments
Note payable	$ 1,388,576	$ 1,388,576

Schedule of Future Principal Re

Schedule of Future Principal Repayments (Details)	Mar. 31, 2023 USD ($)
Debt Disclosure [Abstract]
2023
2024	1,388,576
Total	$ 1,388,576

Note Payable (Details Narrative

Note Payable (Details Narrative) - USD ($)		3 Months Ended	10 Months Ended
	Jul. 14, 2022	Mar. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Note payable, net		$ 1,388,576
Debt unamortized fee		8,968	$ 10,704
Master Loan Agreement [Member]
Short-Term Debt [Line Items]
Debt term	24 months
Interest rate	2.50%
Note payable carrying amount		1,379,608	1,377,872
Note payable, net		1,388,576	1,388,576
Debt unamortized fee		8,968	10,704
Collateral receivable		$ 2,158,254	$ 2,158,254

Shareholders_ Equity (Details N

Shareholders’ Equity (Details Narrative) - USD ($)	Dec. 22, 2022	Jun. 08, 2022	Apr. 03, 2022	Mar. 28, 2022	Aug. 31, 2022
Three Directors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants, shares					150,000
Warrant per shares					$ 1.20
World Class Global Technology PTE LTD [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period		100
Share price		$ 3,500
Shares issued during period, value, new issues		$ 350,000
Common Stock [Member] | Exworth Management LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period	3,600,000		1,000	1,000
Share price			$ 0.10	$ 0.10
Shares issued during period, value, new issues			$ 100	$ 100
Number of shares issued during exchange period	1,000
Common Stock [Member] | World Class Global Technology PTE LTD [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period	360,000
Number of shares issued during exchange period	100

Schedule of Provision for (bene

Schedule of Provision for (benefit from) Income Taxes (Details) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Current
Deferred	(15,764)	(308,323)
Total provision for (benefit from) income taxes	$ (15,764)	$ (308,323)

Schedule of Reconciliation Stat

Schedule of Reconciliation Statutory Effective Tax Rates (Details)	1 Months Ended	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Computed expected tax expense (United States statutory rate)	21%	21%
State tax expense, net of Federal benefit	10.53%	8.69%
Change in valuation allowance		5.11%
Effective rate	31.53%	24.58%

Schedule of Deferred Income Tax

Schedule of Deferred Income Tax Assets and Liabilities (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Deferred income tax assets:
Net operating loss carryforwards	$ 179,080	$ 164,054
Unrealized loss on repledged collateral fair value adjustment	207,305
Less: Valuation allowance	(179,080)	(115,041)
Total deferred income tax assets	207,305	49,013
Deferred income tax liabilities
Unrealized gain on repledged collateral fair value adjustment		(150,031)
Total deferred income tax liabilities		150,031
Total deferred income tax liabilities		(150,031)
Net deferred income tax asset (liability)	$ 207,305
Net deferred income tax liability		$ (101,018)

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($)
Operating loss carryforwards, limitations on use	net operating loss carry forward of approximately $552,000 at March 31, 2023 (approximately $217,000 of which expires in varying amounts from 2023 to 2037).
Operating loss carryforwards	$ 552,000
Exworth Union Inc [Member]
Operating loss carryforwards	$ 209,000

Schedule of Related Party Trans

Schedule of Related Party Transactions (Details)	3 Months Ended
	Mar. 31, 2023 USD ($)
Exworth Global Inc [Member]
Related Party Transaction [Line Items]
Loan admin service income	$ 3,950

Risk and Uncertainties (Details

Risk and Uncertainties (Details Narrative) - Customer Concentration Risk [Member]	1 Months Ended	3 Months Ended	10 Months Ended
	Mar. 31, 2022	Mar. 31, 2023	Dec. 31, 2022
Loan Receivable [Member] | One Borrower [Member]
Concentration Risk [Line Items]
Loans receivable		100%	100%
Interest Income [Member] | One Borrower [Member]
Concentration Risk [Line Items]
Loans receivable	100%	100%
Notes Payable, Other Payables [Member] | One Lender [Member]
Concentration Risk [Line Items]
Loans receivable		100%	100%
Interest Expense [Member] | One Lender [Member]
Concentration Risk [Line Items]
Loans receivable	100%	100%