General Enterprise Ventures (GEVI) 10-Q 15 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 13, 2023
Cover [Abstract]
Entity Registrant Name	General Enterprise Ventures, Inc.
Entity Central Index Key	0000894556
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		97,545,388
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-56567
Entity Incorporation State Country Code	WY
Entity Tax Identification Number	87-2765150
Entity Address Address Line 1	1740H Del Range Blvd
Entity Address Address Line 2	Suite 166
Entity Address City Or Town	Cheyenne
Entity Address State Or Province	WY
Entity Address Postal Zip Code	82009
City Area Code	800
Local Phone Number	401-4535
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash	$ 565,867	$ 55,434
Prepaid expenses	14,830	240
Accounts receivable	182,308	0
Inventory	184,678	114,645
Total Current Assets	947,683	170,319
Intangible assets	4,195,353	4,195,353
Operating lease right-of-use asset	148,974	39,367
Equipment, net	5,907	4,547
Total Assets	5,297,917	4,409,586
Current liabilities
Accounts payable and accrued liabilities	62,156	87,398
Promissory note	120,000	0
Convertible notes payable	54,000	35,000
Due to related parties	1,407,681	899,153
Operating lease liability - current portion	78,250	39,367
Total Current Liabilities	1,722,087	1,060,918
Operating lease liability	70,924	0
Total Liabilities	1,793,011	1,060,918
Stockholders' Equity
Common Stock par value $0.0001, authorized 1,000,000,000 shares, 97,545,388 and 93,945,388 shares issued and outstanding, respectively	9,755	9,395
Additional paid-in capital	72,427,996	62,719,578
Common Stock to be issued -500,000 shares	180,000	0
Accumulated deficit	(69,114,072)	(59,381,400)
Total Stockholders' Equity	3,504,906	3,348,668
Total Liabilities and Stockholders' Equity	5,297,917	4,409,586
Convertible Preferred Stock Series A
Stockholders' Equity
Preferred Stock Value	1,000	1,000
Convertible Preferred Sock Series C
Stockholders' Equity
Common Stock par value $0.0001, authorized 1,000,000,000 shares, 97,545,388 and 93,945,388 shares issued and outstanding, respectively	$ 227	$ 95

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Common stock, shares par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	97,545,388	93,945,388
Common stock, shares outstanding	97,545,388	93,945,388
Convertible Preferred Stock Series A
Preferred stock, shares par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000
Convertible Preferred Stock Series C
Preferred stock, shares par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	2,273,499	950,000
Preferred stock, shares outstanding	2,273,499	950,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Consolidated Statements of Operations (Unaudited)
Revenue	$ 174,710	$ 19,033	$ 258,660	$ 60,501
Cost of revenue	39,883	1,798	58,630	1,798
Gross Profit	134,827	17,235	200,030	58,703
Operating Expenses
General and administration	146,562	202,441	361,028	283,282
Management compensation	180,000	0	180,000	2,100,000
Professional fees- related party	8,640,000	0	8,640,000	0
Professional fees	189,508	111,783	749,155	334,249
Total operating expenses	9,156,070	314,224	9,930,183	2,717,531
Loss from Operations	(9,021,243)	(296,989)	(9,730,153)	(2,658,828)
Other Expense
Interest expense	(1,760)	(76)	(2,519)	(76)
Total other expense	(1,760)	(76)	(2,519)	(76)
Loss from continuing operations before taxes	(9,023,003)	(297,065)	(9,732,672)	(2,658,904)
Provision for income taxes	0	0	0	0
Loss from continuing operations	(9,023,003)	(297,065)	(9,732,672)	(2,658,904)
Discontinued operations:
Income from discontinued operations	0	0	0	13,016
Loss on disposition of digital currency and digital currency assets	0	0	0	(2,030)
Income from discontinued operations, net of tax	0	0	0	10,986
Net Loss	$ (9,023,003)	$ (297,065)	$ (9,732,672)	$ (2,647,918)
Loss from continuing operations Per Common Share - Basic	$ (0.09)	$ 0	$ (0.10)	$ (0.05)
Income from discontinuing operations Per Common Share- Basic	0	0	0	0
Net loss per common share - Basic	$ (0.09)	$ 0	$ (0.10)	$ (0.05)
Basic and Diluted Weighted Average Number of Common Shares Outstanding	97,545,388	93,945,388	96,366,267	51,575,425

Consolidated Statements of Chan

Consolidated Statements of Change in Stockholders' Deficit (Unaudited) - USD ($)	Total	Convertible Series A Preferred Stock	Convertible Series C Preferred Stock	Common Stock	Preferred Stock To Be Issued	Common Stock To Be Issued	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2021		10,000,000		22,945,388
Balance, amount at Dec. 31, 2021	$ (52,859)	$ 1,000	$ 0	$ 2,295			$ 56,417,418	$ (56,473,572)
Debt forgiveness - former related party	9,355	0	0	0			9,355	0
Net loss	(29,750)	$ 0	0	$ 0			0	(29,750)
Balance, shares at Mar. 31, 2022		10,000,000		22,945,388
Balance, amount at Mar. 31, 2022	(73,254)	$ 1,000	0	$ 2,295			56,426,773	(56,503,322)
Balance, shares at Dec. 31, 2021		10,000,000		22,945,388
Balance, amount at Dec. 31, 2021	(52,859)	$ 1,000	$ 0	$ 2,295			56,417,418	(56,473,572)
Net loss	(2,647,918)
Balance, shares at Sep. 30, 2022		10,000,000	950,000	93,945,388
Balance, amount at Sep. 30, 2022	3,608,578	$ 1,000	$ 95	$ 9,395			62,719,578	(59,121,490)
Balance, shares at Mar. 31, 2022		10,000,000		22,945,388
Balance, amount at Mar. 31, 2022	(73,254)	$ 1,000	0	$ 2,295			56,426,773	(56,503,322)
Net loss	(2,321,103)	0	$ 0	0			0	(2,321,103)
Shares issued for acquisition of Mighty Fire Breakers, shares			1,000,000
Shares issued for acquisition of Mighty Fire Breakers, amount	4,200,000	0	$ 100	$ 0			4,199,900	0
Conversion of Convertible Series C Preferred stock of Common stock, shares			(50,000)	1,000,000
Conversion of Convertible Series C Preferred stock of Common stock, amount	0	0	$ (5)	$ 100			(95)	0
Stock based compensation, shares				70,000,000
Stock based compensation, amount	2,100,000	$ 0	$ 0	$ 7,000			2,093,000	0
Balance, shares at Jun. 30, 2022		10,000,000	950,000	93,945,388
Balance, amount at Jun. 30, 2022	3,905,643	$ 1,000	$ 95	$ 9,395			62,719,578	(58,824,425)
Net loss	(297,065)	$ 0	$ 0	$ 0			0	(297,065)
Balance, shares at Sep. 30, 2022		10,000,000	950,000	93,945,388
Balance, amount at Sep. 30, 2022	3,608,578	$ 1,000	$ 95	$ 9,395			62,719,578	(59,121,490)
Balance, shares at Dec. 31, 2022		10,000,000	950,000	93,945,388
Balance, amount at Dec. 31, 2022	3,348,668	$ 1,000	$ 95	$ 9,395	$ 0	$ 0	62,719,578	(59,381,400)
Net loss	(353,611)	0	0	$ 0	0	0	0	(353,611)
Common stock issued for services, shares				300,000
Common stock issued for services, amount	86,850	$ 0	$ 0	$ 30	0	0	86,820	0
Balance, shares at Mar. 31, 2023		10,000,000	950,000	94,245,388
Balance, amount at Mar. 31, 2023	3,081,907	$ 1,000	$ 95	$ 9,425	0	0	62,806,398	(59,735,011)
Balance, shares at Dec. 31, 2022		10,000,000	950,000	93,945,388
Balance, amount at Dec. 31, 2022	3,348,668	$ 1,000	$ 95	$ 9,395	0	0	62,719,578	(59,381,400)
Net loss	(9,732,672)
Balance, shares at Sep. 30, 2023		10,000,000	2,273,499	97,545,388
Balance, amount at Sep. 30, 2023	3,504,906	$ 1,000	$ 227	$ 9,755		180,000	72,427,996	(69,114,072)
Balance, shares at Mar. 31, 2023		10,000,000	950,000	94,245,388
Balance, amount at Mar. 31, 2023	3,081,907	$ 1,000	$ 95	$ 9,425	0	0	62,806,398	(59,735,011)
Net loss	(356,058)	0	0	$ 0	0	0	0	(356,058)
Common stock issued for services, shares				300,000
Common stock issued for services, amount	60,000	0	0	$ 30	0	0	59,970	0
Subscription received - shares to be issued	179,600	0	$ 0	$ 0	179,600	0	0	0
Conversion of Convertible Series C Preferred stock in Common stock, shares			(150,000)	3,000,000
Conversion of Convertible Series C Preferred stock in Common stock, amount	0	$ 0	$ (15)	$ 300	0	0	(285)	0
Balance, shares at Jun. 30, 2023		10,000,000	800,000	97,545,388
Balance, amount at Jun. 30, 2023	2,965,449	$ 1,000	$ 80	$ 9,755	179,600	0	62,866,083	(60,091,069)
Net loss	(9,023,003)	0	0	0	0	0	0	(9,023,003)
Common stock to be issued - management	180,000	0	$ 0	0	0	180,000	0	0
Issuance Series C Preferred stock related to subscription, shares			74,833
Issuance Series C Preferred stock related to subscription, amount	0	0	$ 7	0	(179,600)	0	179,593	0
Issuance Series C Preferred stock in cash, shares			198,666
Issuance Series C Preferred stock in cash, amount	728,000	0	$ 20	0	0	0	727,980	0
Issuance Series C Preferred stock for services -related party, shares			1,200,000
Issuance Series C Preferred stock for services -related party, amount	8,640,000	0	$ 120	0	0	0	8,639,880	0
Contribution inventory - related party	14,460	$ 0	$ 0	$ 0	$ 0	0	14,460	0
Balance, shares at Sep. 30, 2023		10,000,000	2,273,499	97,545,388
Balance, amount at Sep. 30, 2023	$ 3,504,906	$ 1,000	$ 227	$ 9,755		$ 180,000	$ 72,427,996	$ (69,114,072)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities:
Net loss	$ (9,732,672)	$ (2,647,918)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	8,966,850	2,100,000
Loss on disposition of digital currency and digital currency assets	0	2,030
Impairment loss on digital assets	0	6,125
Non-cash lease expense	52,058	29,647
Depreciation and amortization	871	15,326
Changes in operating assets and liabilities:
Accounts receivable	(182,308)	0
Inventory	(70,033)	(114,413)
Contribution inventory - related party	14,460	0
Digital currency	0	374
Prepaid expense	(14,590)	(5,190)
Related party advances funding operating expense	222,529	97,819
Accounts payable and accrued liabilities	(25,243)	34,469
Operating lease liabilities	(51,858)	(25,000)
Net Cash used in Operating Activities	(819,936)	(506,731)
Cash Flows from Investing Activities:
Purchase of equipment	(2,231)	(5,350)
Net Cash used in Investing Activities	(2,231)	(5,350)
Cash Flows from Financing Activities:
Proceed from convertible note	0	35,000
Proceeds from loan - related party	305,000	584,484
Repayment of loan- related party	0	(55,720)
Proceed from issuance Series C Preferred Stock	907,600
Proceeds from promissory note	120,000	0
Net Cash provided by Financing Activities	1,332,600	563,764
Change in cash	510,433	51,683
Cash, beginning of period	55,434	5,469
Cash, end of period	565,867	57,152
Supplemental Disclosure Information:
Cash paid for interest	0	0
Cash paid for taxes	0	0
Non-Cash Financing Disclosure:
Issuance of common stock for services	146,850	0
Issuance of Series C Preferred C stock for acquisition of Mighty Fire Breakers	0	4,200,000
Common stock issued upon conversion of Preferred C stock	300	1,000
Debt forgiveness - related party	0	9,355
Reclassification of due to related party to convertible note	19,000	0
Contribution inventory - related party	14,460	0
Issuance Series C Preferred stock for services -related party	8,640,000	0
Initial recognition right-of-use assets and lease liabilities obtained	$ 161,665	$ 0

Nature of Operations and Going

Nature of Operations and Going Concern	9 Months Ended
	Sep. 30, 2023
Nature of Operations and Going Concern
Nature of Operations and Going Concerns	Note 1 – Nature of Operations and Going Concern General Enterprise Ventures, Inc., (the “Company” or “GEVI”), was originally incorporated under the laws of the State of Nevada on March 14, 1990. Business We are a fully integrated technology company structured to provide mergers and acquisitions of new and available technology. Through our services, we incubate first-to-market products and help existing companies accelerate their product development within all regulatory requirements. Going Concern The accompanying unaudited interim consolidated financial statements have been prepared (i) in accordance with accounting principles generally accepted in the United States, and (ii) assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not generated significant income to date. The Company is subject to the risks and uncertainties associated with a business with no substantive revenue, as well as limitations on its operating capital resources. These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. In light of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to raise capital and generate revenue and profits in the future.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the unaudited interim financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K, for the year ended December 31, 2022, as filed with the SEC on March 31, 2023. Principles of Consolidation The consolidated financial statements include the accounts of General Enterprise Ventures, Inc., and its wholly owned subsidiaries. Intercompany transactions and balances have been eliminated. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. Cash and Cash Equivalents For purposes of balance sheet presentation and reporting of cash flows, the Company considers all unrestricted demand deposits, money market funds and highly liquid debt instruments with an original maturity of less than 90 days to be cash and cash equivalents. The Company did not have any cash equivalents. The Company had $565,867 and $55,434 at September 30, 2023 and December 31, 2022, respectively. Share-Based Compensation The Company accounts for employee and non-employee stock awards under ASC 718, Compensation – Stock Compensation, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to nonemployees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. Equity grants are amortized on a straight-line basis over the requisite service periods, which is generally the vesting period. If an award is granted, but vesting does not occur, any previously recognized compensation cost is reversed in the period related to the termination of service. For the nine months ended September 30, 2023 and 2022, the Company recorded share-based compensation of $8,966,850 and $2,100,000, respectively. See Note 9 – Stockholders’ Equity for more detail. Inventory Inventories consist of raw materials which are stated at lower cost or net realizable value, with cost being determined on the weighted average method. As of September 30, 2023, and December 31, 2022, the Company held inventories of $184,678 and $114,645, respectively. During the nine months ended September 30, 2023, and 2022, the Company recorded cost of goods sold of $58,630 and $1,798 associated with the cost of inventories sold, respectively. The Company did not write-off any inventories as unsalable during the nine months ended September 30, 2023 and 2022. Property and Equipment Property and equipment are stated at cost. Depreciation is computed on the straight-line method. Currently our assets consist solely of furniture and equipment which we amortize over a useful life of 5 years. Maintenance and repairs are charged to expense as incurred. Improvements of a major nature are capitalized. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. Long-lived assets are evaluated for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the undiscounted future cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value. Fair Value of Financial Instruments The Company uses a three-tier fair value hierarchy to classify and disclose all assets and liabilities measured at fair value on a recurring basis, as well as assets and liabilities measured at fair value on a non-recurring basis, in periods subsequent to their initial measurement. The hierarchy requires the Company to use observable inputs when available, and to minimize the use of unobservable inputs, when determining fair value. The three tiers are defined as follows: ● Level 1—Observable inputs that reflect quoted market prices (unadjusted) for identical assets or liabilities in active markets; ● Level 2—Observable inputs other than quoted prices in active markets that are observable either directly or indirectly in the marketplace for identical or similar assets and liabilities; and ● Level 3—Unobservable inputs that are supported by little or no market data, which require the Company to develop its own assumptions. The Company’s financial instruments, including cash, prepaid expenses, accounts receivable, inventory, accounts payable and accrued liabilities, and due to related party, are carried at amortized cost. At September 30, 2023 and December 31, 2022, the carrying amounts of these instruments approximated their fair values because of the short-term nature of these instruments. Related Parties The Company follows ASC 850, “Related Party Disclosures,” Basic and Diluted Net Loss Per Common Share Basic earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. For the nine months ended September 30, 2023 and 2022, the following common stock equivalents were excluded from the computation of diluted net loss per share as the result of the computation was anti-dilutive. September 30, September 30, 2023 2022 Shares Shares Convertible notes 300,000 194,444 Convertible Series C Preferred Stock 19,382,149 550,183 Revenue We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers Our revenues currently consist of products used for lumber products for fire prevention. Revenue is recognized at a point in time that is which the risks and rewards of ownership of the products transfer from the Company to the customer. Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make the required payments for services. Accounts with known financial issues are first reviewed and specific estimates are recorded. The remaining accounts receivable balances are then grouped in categories by the number of days the balance is past due, and the estimated loss is calculated as a percentage of the total category based upon past history. Account balances are charged against the allowance when it is probable that the receivable will not be recovered. During the nine months ended September 30,2023 and 2022, the Company had no allowance for doubtful accounts. Intangible Assets Intangible assets with an indefinite life are not amortized and are tested for impairment annually or more frequently if events or changes in circumstances indicate that they might be impaired. Intangible assets with finite lives are initially recorded at cost and amortized on a straight-line basis over the estimated economic useful lives of the respective assets. Acquired intangible assets from business combinations and asset acquisitions are recognized and measured at fair value at the time of acquisition. Those assets represent assets with finite lives and are further amortized on a straight-line basis over the estimated economic useful lives of the respective assets.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2023
Discontinued Operations
Discontinued operations	Note 2 – Discontinued Operations Crypto mining On April 1, 2022, the Company implemented a plan to divest its crypto mining operations to focus its resources on Mighty Fire Breaker, LLC (“MFB”) acquisition (see Note 4). The Company recognized a loss of $2,030 from the disposition of its crypto mining operations, which consisted of the relinquishment of the digital currency assets in exchange for settlement of the related party note payable associated with the acquisition of the equipment. The following is a summary of discontinued operations for the period ended April 1, 2022: April 1, 2022 Revenue $ 46,976 Cost of revenue 27,835 Gross Profit 19,141 Operating expenses: Impairment loss 6,125 Total operating expenses 6,125 Income from discontinued operations $ 13,016

Equipment net

Equipment net	9 Months Ended
	Sep. 30, 2023
Equipment net
Equipment, net	Note 3 – Equipment, net At September 30, 2023 and December 31, 2022, equipment consisted of the following: September 30, December 31, 2023 2022 Cost: Furniture and equipment $ 7,582 $ 5,350 Less: accumulated depreciation (1,675 ) (803 ) Equipment, net $ 5,907 $ 4,547 During the nine months ended September 30, 2023 and 2022, the Company recorded a depreciation of $871 and $267, respectively.

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2023
Acquisition
Acquisition	Note 4 – Acquisition On April 13, 2022, the Company acquired Mighty Fire Breaker LLC ("MFB”), in exchange for 1,000,000 shares of Series C Convertible Preferred Stock. MFB was formed to hold intellectual property pertaining to the fire suppression segment of the environmental industry, which included patents and patents pending, MFB has 19 patents centered around its CitroTech MFB 31 Technology for the prevention and spread of wildfires. Its core products can be used for lumber treatments for fire prevention. It has been widely tested and is currently in testing at 3 major us government agencies. When CitroTech Science is sprayed and applied it takes flammable fuels like dry native vegetation and wood and makes them noncombustible. The following table summarizes the consideration paid for MFB and the amounts of the assets acquired, and liabilities assumed at the acquisition date of April 13, 2022: Consideration: Convertible Preferred C stock $ 4,200,000 Assets acquired and liabilities assumed: Intangible assets $ 4,195,353 Operating lease right-of-use assets 81,967 Operating lease liabilities (77,320 )

Intangible assets

Intangible assets	9 Months Ended
	Sep. 30, 2023
Intangible assets
Intangible assets	Note 5 – Intangible Assets The Company has capitalized the costs associated with acquiring the intellectual property of MFB at a value of $4,195,353 as of September 30, 2023, and December 31, 2022, respectively. The amount capitalized consisted of a portion of the fair value of 1,000,000 shares of Convertible Preferred C stock valued at $4,200,000. During the nine months ended September 30, 2023, no additional costs met the criteria for capitalization as an intangible asset.

Lease

Lease	9 Months Ended
	Sep. 30, 2023
Lease
Lease	Note 6 – Lease On April 13, 2022, the Company obtained a lease agreement for period of eighteen months to be expired on August 31, 2023. On July 13, 2023, the Company entered into an amendment to lease agreement for a two-year term. In accordance with ASC 842, the Company recognized operating lease ROU assets and lease liabilities as follows: The following summarizes right-of use asset and lease information about the Company’s operating lease as of September 30, 2023: Nine Months Ended September 30, 2023 2022 Lease cost: Operating lease cost $ 58,482 $ 25,000 Other information: Cash paid for operating cash flows from operating leases $ 58,232 $ 31,500 Right -of-use assets obtained upon acquisition $ 161,665 $ 81,967 Weighted-average remaining lease term - operating leases (year) 1.84 0.92 Weighted-average discount rate — operating leases 6.5 % 5.5 % September 30, December 31, 2023 2022 Operating lease ROU asset $ 148,974 $ 39,367 September 30, December 31, 2023 2022 Operating lease liabilities: Current portion 78,250 $ 39,367 Non-current portion 70,924 - $ 149,174 $ 39,367 Future minimum lease payments under operating leases at September 30, 2023 were as follows: Year ended December 31, 2023 (excluding the nine months ended September 30, 2023) $ 21,198 2024 85,792 2025 50,862 Thereafter - 157,852 Less: Imputed interest (8,678 ) Operating lease liabilities $ 149,174

Convertible Note

Convertible Note	9 Months Ended
	Sep. 30, 2023
Convertible Note
Convertible Note	Note 7 – Convertible Note On September 30, 2022, the Company entered into a convertible note agreement for the amount of $54,000, with term of six (6) months from the date of receipt of the funds, at interest rate of 2% per annum, currently the note is in default. At the sole option of the Lender, all or part of unpaid principal then outstanding may be converted into shares of common stock at any time starting from 24 hours after payment at a fixed conversion price of $0.18 per share. As of September 30, 2023, following is the summary of funds received from the lender: Principal Interest Payment date Amount Maturity date Rate Balance August 11, 2022 $ 18,000 February 11, 2023 2 % 18,000 September 2, 2022 $ 17,000 March 2, 2023 2 % 17,000 April 1, 2023 $ 19,000 Due on demand 2 % 19,000 Total Convertible notes $ 54,000 Current portion (54,000 ) Long -term portion $ - On June 9, 2022, the lender paid $19,000 to the Company and it was recorded as an advance from a related party. On April 1, 2023, an amount owing to related party was reclassified to convertible note for $19,000. During the nine months ended September 30, 2023 and 2022, the Company recognized $1,035 and $76 interest, respectively. As of September 30, 2023, and December 31, 2022, the Company owed principal of $54,000 and $35,000 and accrued interest of $1,291 and $255, respectively.

Promissory Note

Promissory Note	9 Months Ended
	Sep. 30, 2023
Promissory Note
Promissory Note	Note 8 – Promissory Note On June 7, 2023, the Company entered into a promissory note agreement for the amount of $120,000, in terms of twelve (12) months and interest rate of 5% per annum. The Company received $120,000 from the lender on July 3, 2023. During the nine months ended September 30, 2023, the Company recognized $1,483 interest. As of September 30, 2023, the Company owed principal of $120,000 and accrued interest of $1,483.

Stockholders Equity

Stockholders Equity	9 Months Ended
	Sep. 30, 2023
Stockholders Equity
Stockholders' Equity	Note 9 – Stockholders’ Equity On June 29, 2023, the Board of Directors and stockholders of the Company approved an amended and restated certificate of incorporation effective a change in par value from $0.001 to $0.0001 per share of Common and Preferred Stock. All issued and outstanding Common and Preferred Stock contained in the consolidated financial statements have been retroactively corrected to reflect this change in par value for all periods presented. Preferred Shares The Company’s preferred shares consist of the following: Series A Preferred Stock The Company has authorized 10,000,000 shares of Convertible Series A Preferred Stock, par value $0.0001. The Series A Preferred Stock are convertible into common stock of the Corporation at a conversion rate of one thousand (1,000) shares of common stock and entitled to one thousand (1,000) votes of common stock for each share of Series A Preferred Stock. The holders of the Convertible Series A Preferred Stock shall not be entitled to receive dividends. Issued and outstanding Convertible Series A Preferred stock as of September 30, 2023, and December 31, 2022, was 10,000,000. Series C Preferred Stock The Company has authorized 5,000,000 authorized shares of non-voting Convertible Series C Preferred Stock, par value $0.0001. The Series C Preferred Stock shares are convertible into common stock of the Corporation at a conversion rate of one (1) Preferred C share for twenty (20) shares of common stock. Issued and outstanding Convertible Series A Preferred stock as of September 30, 2023 and December 31, 2022, were 2,273,499 and 950,000, respectively. On April 13, 2022, the Company’s board of directors approved the issuance of 1,000,000 Convertible Series C Preferred Stock, with a value of $4,200,000 as consideration for the acquisition of the entity and intellectual property (see note 4). The holder may exercise shares after an initial lock up period of six (6) months following the date of the agreement and may only exchange a maximum of four (4) million shares in a twelve (12) month period and may not hold or beneficially hold more than 10% of outstanding at any time. On June 7, 2022, the holder of the Convertible Series C Preferred Stock converted 50,000 shares of the Company’s Series C Preferred Stock into 1,000,000 shares of the Company’s common shares. On April 5, 2023, the holder of the Convertible Series C Preferred Stock converted 150,000 shares of the Company’s Series C Preferred Stock into 3,000,000 shares of the Company’s common shares. During the nine months ended September 30, 2023, the Company issued 273,499 shares of Convertible Series C Preferred Stock in connection with subscription agreements signed with investors during the months of May, June and August 2023 at price of $2,40 and $4.00 per share for total amount of $907,600. During the nine months ended September 30, 2023, the Company issued 1,200,000 shares of Convertible Series C Preferred Stock to a related party for consulting services rendered to the Company from October 2021 through July 2023. The Company valued the 1,200,000 shares of Convertible Preferred Stock, as if converted to 24,000,000 shares of common stock, using the quoted stock price of the Company’s common stock at approval date (November 1, 2022), resulting in a value of $8,640,000. Common Shares The Company has authorized 1,000,000,000 shares of common stock with a par value of $0.0001. Each common stock entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. As of September 30, 2023, 70,000,000 shares issued to a member of the board of directors and President of the Company are restricted (the “Restricted Stock Award”) and shall be released only upon the Company achieving gross revenue in each of the calendar years ended December 31, 2023, 2024, 2025 and 2026, of not less than $100,000,000. The holder of the Restricted stock shall be entitled to vote but is not entitled to dividends or disposal. The Company valued the voting rights associated with the awards at $2,100,000 which is recorded as stock-based compensation during the year ended December 31, 2022. During the nine months ended September 30, 2023 and 2022, the holder of the Convertible Series C Preferred Stock Converted 150,000 and 50,000 shares of the Company’s Series C Preferred Stock into 3,000,000 and 1,000,000 shares of the Company’s common shares, respectively. During the nine months ended September 30, 2023, the company issued 600,000 shares of common stock for services valued at $146,850. As of September 30, 2023, and December 31, 2022, issued and outstanding Common shares were 97,545,388 and 93,945,388, respectively. Restricted Stock Award On June 13, 2022, the Company issued a 70,000,000 Restricted Stock Award (“RSA”) to a member of the board of directors and President of the Company. Set out below is a summary of the changes in the Restricted Shares during the nine months ended September 30, 2023: RSA Weighted -Average Grant Price Balance, December 31, 2022 70,000,000 $ 0.03 Granted - - Vested - - Forfeited - - Balance, September 30, 2023 70,000,000 $ 0.03 Common Stock to be Issued On November 1, 2022, the Company’s Board of Directors approved the issuance of 250,000 shares of common stock to each two independent directors for their board services in support of the Company. As of September 30, 2023, the Company has not issued the shares. The Company valued the 500,000 shares of common stock at the market value of the Company’s common stock at approval date for the amount of $180,000.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions
Related Party Transactions	Note 10 – Related Party Transactions During the nine months ended September 30, 2022, our former officer forgave $9,355 in accrued salary and the Company recognized it as additional paid-in-capital. During the nine months ended September 30, 2022, as part of the Company’s divestiture of its digital asset operations, a related party forgave loans payable of $301,175 in exchange for digital asset equipment with a net book value of $276,379 and digital currency intangible assets of $26,825, of which the Company recorded a loss on disposition of $2,030. On June 9, 2022, the Company received $19,000 cash from a third party, and it was recorded as an advance from a related party. On April 1, 2023, the Company recognized the error and the amount owing to the related party was reclassified to convertible note related to a lender for $19,000 (see Note 7). During the nine months ended September 30, 2023 and 2022, a related party advanced to the Company an amount of $305,000 and $584,484 for working capital propose, respectively. During the nine months ended September 30, 2023, and 2022, a related party advanced to the Company an amount of $222,529 and $97,819 for operating expenses on behalf of the Company, respectively. During the nine months ended September 30, 2023 and 2022, the Company repaid $0 and $55,720 owing to the loan, respectively. During the nine months ended September 30, 2023 and 2022 the Company paid $133,500 and $92,000 consulting fee to an entity under common control of a related party and $122,500 and $59,500 commission to a related party. On October 23, 2021, the Company entered into a consulting agreement with a related party. The consultant shall render to the Company, upon the request of any members of Board of Directors or the President of the Company, consulting services on matters relating to the business affairs of the Company. The agreement shall take effect of the date of agreement and shall terminate upon mutual agreement of the parties. The compensation of consultant is a number of Convertible Series C Preferred Shares which the Board of Directors of the Company may determine at its discretion. On November 1, 2022, the Company’s Board of Directors approved issuance of 1,200,000 shares of Convertible Series C Preferred Stock to consultant - related party for their past consulting services and continuing to July 2023. On September 5, 2023. the Company issued 1,200,000 shares of Convertible Series C Preferred Stock for consulting services rendered to the Company. The Company valued the 1,200,000 shares of Convertible Preferred Stock at $8,640,000. On November 1, 2022, the Company’s Board of Directors approved the issuance of 250,000 shares of common stock to each two independent directors for their board services in support of the Company. As of September 30, 2023, the shares have not been issued, and the Company valued the 500,000 shares of common stock at market price on approval date and accrued $180,000. As of September 30, 2023, and December 31, 2022, the Company was obliged to related parties, for unsecured, non-interest-bearing demand loans with a balance of $1,407,681 and $899,153, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies
Commitments and Contingencies	Note 11 – Commitments and Contingencies The vendor in the transaction involving MFB is entitled to a ten (10%) percent royalty on gross sales of the MFB family of products.

Concentration

Concentration	9 Months Ended
	Sep. 30, 2023
Concentration
Concentration	Note 12 – Concentration During nine months ended September 30, 2023 and 2022, customer and supplier concentrations (more than 10%) were as follows: Revenue During the nine months ended September 30, 2023, one customer represented 66% of our revenue compared to four customers representing 75 % of our revenue for the nine months ended September 30, 2022. Purchases During the nine months ended September 30, 2023, one supplier represented 96% of our purchase compared to one supplier representing 97% of our purchase for the nine months ended September 30, 2022. Accounts receivable As of September 30, 2023, one customer represented 100% of our accounts receivable. As of December 31, 2022, the Company did not record any accounts receivable.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events
Subsequent Events	Note 13 – Subsequent Events Management has evaluated subsequent events through the date these financial statements were available to be issued.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Summary of Significant Accounting Policies
Basis of Presentation	The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the unaudited interim financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K, for the year ended December 31, 2022, as filed with the SEC on March 31, 2023.
Principles of Consolidation	The consolidated financial statements include the accounts of General Enterprise Ventures, Inc., and its wholly owned subsidiaries. Intercompany transactions and balances have been eliminated.
Use of Estimates	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.
Cash and Cash Equivalents	For purposes of balance sheet presentation and reporting of cash flows, the Company considers all unrestricted demand deposits, money market funds and highly liquid debt instruments with an original maturity of less than 90 days to be cash and cash equivalents. The Company did not have any cash equivalents. The Company had $565,867 and $55,434 at September 30, 2023 and December 31, 2022, respectively.
Share based compensation	The Company accounts for employee and non-employee stock awards under ASC 718, Compensation – Stock Compensation, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to nonemployees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. Equity grants are amortized on a straight-line basis over the requisite service periods, which is generally the vesting period. If an award is granted, but vesting does not occur, any previously recognized compensation cost is reversed in the period related to the termination of service. For the nine months ended September 30, 2023 and 2022, the Company recorded share-based compensation of $8,966,850 and $2,100,000, respectively. See Note 9 – Stockholders’ Equity for more detail.
Inventory	Inventories consist of raw materials which are stated at lower cost or net realizable value, with cost being determined on the weighted average method. As of September 30, 2023, and December 31, 2022, the Company held inventories of $184,678 and $114,645, respectively. During the nine months ended September 30, 2023, and 2022, the Company recorded cost of goods sold of $58,630 and $1,798 associated with the cost of inventories sold, respectively. The Company did not write-off any inventories as unsalable during the nine months ended September 30, 2023 and 2022.
Property and Equipment	Property and equipment are stated at cost. Depreciation is computed on the straight-line method. Currently our assets consist solely of furniture and equipment which we amortize over a useful life of 5 years. Maintenance and repairs are charged to expense as incurred. Improvements of a major nature are capitalized. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. Long-lived assets are evaluated for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the undiscounted future cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value.
Fair Value of Financial Instruments	The Company uses a three-tier fair value hierarchy to classify and disclose all assets and liabilities measured at fair value on a recurring basis, as well as assets and liabilities measured at fair value on a non-recurring basis, in periods subsequent to their initial measurement. The hierarchy requires the Company to use observable inputs when available, and to minimize the use of unobservable inputs, when determining fair value. The three tiers are defined as follows: ● Level 1—Observable inputs that reflect quoted market prices (unadjusted) for identical assets or liabilities in active markets; ● Level 2—Observable inputs other than quoted prices in active markets that are observable either directly or indirectly in the marketplace for identical or similar assets and liabilities; and ● Level 3—Unobservable inputs that are supported by little or no market data, which require the Company to develop its own assumptions. The Company’s financial instruments, including cash, prepaid expenses, accounts receivable, inventory, accounts payable and accrued liabilities, and due to related party, are carried at amortized cost. At September 30, 2023 and December 31, 2022, the carrying amounts of these instruments approximated their fair values because of the short-term nature of these instruments.
Related Parties	The Company follows ASC 850, “Related Party Disclosures,”
Basic and Diluted Net Loss Per Common Share	Basic earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. For the nine months ended September 30, 2023 and 2022, the following common stock equivalents were excluded from the computation of diluted net loss per share as the result of the computation was anti-dilutive. September 30, September 30, 2023 2022 Shares Shares Convertible notes 300,000 194,444 Convertible Series C Preferred Stock 19,382,149 550,183
Revenue	We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers Our revenues currently consist of products used for lumber products for fire prevention. Revenue is recognized at a point in time that is which the risks and rewards of ownership of the products transfer from the Company to the customer.
Accounts Receivable	Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make the required payments for services. Accounts with known financial issues are first reviewed and specific estimates are recorded. The remaining accounts receivable balances are then grouped in categories by the number of days the balance is past due, and the estimated loss is calculated as a percentage of the total category based upon past history. Account balances are charged against the allowance when it is probable that the receivable will not be recovered. During the nine months ended September 30,2023 and 2022, the Company had no allowance for doubtful accounts.
Intangible Assets	Intangible assets with an indefinite life are not amortized and are tested for impairment annually or more frequently if events or changes in circumstances indicate that they might be impaired. Intangible assets with finite lives are initially recorded at cost and amortized on a straight-line basis over the estimated economic useful lives of the respective assets. Acquired intangible assets from business combinations and asset acquisitions are recognized and measured at fair value at the time of acquisition. Those assets represent assets with finite lives and are further amortized on a straight-line basis over the estimated economic useful lives of the respective assets.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Summary of Significant Accounting Policies
Schedule of Antidilutive Securities	September 30, September 30, 2023 2022 Shares Shares Convertible notes 300,000 194,444 Convertible Series C Preferred Stock 19,382,149 550,183

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2023
Discontinued Operations
Schedule of Discontinued Operations	April 1, 2022 Revenue $ 46,976 Cost of revenue 27,835 Gross Profit 19,141 Operating expenses: Impairment loss 6,125 Total operating expenses 6,125 Income from discontinued operations $ 13,016

Equipment net (Tables)

Equipment net (Tables)	9 Months Ended
	Sep. 30, 2023
Equipment net
Summary of Property Plant and Equipment	September 30, December 31, 2023 2022 Cost: Furniture and equipment $ 7,582 $ 5,350 Less: accumulated depreciation (1,675 ) (803 ) Equipment, net $ 5,907 $ 4,547

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2023
Acquisition
Summary of Acquisition	Consideration: Convertible Preferred C stock $ 4,200,000 Assets acquired and liabilities assumed: Intangible assets $ 4,195,353 Operating lease right-of-use assets 81,967 Operating lease liabilities (77,320 )

Lease (Tables)

Lease (Tables)	9 Months Ended
	Sep. 30, 2023
Lease
Summary of Right-of-use Asset and Lease Information	Nine Months Ended September 30, 2023 2022 Lease cost: Operating lease cost $ 58,482 $ 25,000 Other information: Cash paid for operating cash flows from operating leases $ 58,232 $ 31,500 Right -of-use assets obtained upon acquisition $ 161,665 $ 81,967 Weighted-average remaining lease term - operating leases (year) 1.84 0.92 Weighted-average discount rate — operating leases 6.5 % 5.5 % September 30, December 31, 2023 2022 Operating lease ROU asset $ 148,974 $ 39,367 September 30, December 31, 2023 2022 Operating lease liabilities: Current portion 78,250 $ 39,367 Non-current portion 70,924 - $ 149,174 $ 39,367
Summary of Future Minimum Lease Payments Under the Operating Lease Liability	Year ended December 31, 2023 (excluding the nine months ended September 30, 2023) $ 21,198 2024 85,792 2025 50,862 Thereafter - 157,852 Less: Imputed interest (8,678 ) Operating lease liabilities $ 149,174

Convertible Note (Tables)

Convertible Note (Tables)	9 Months Ended
	Sep. 30, 2023
Convertible Note
Summary of Funds received from the Lender	Principal Interest Payment date Amount Maturity date Rate Balance August 11, 2022 $ 18,000 February 11, 2023 2 % 18,000 September 2, 2022 $ 17,000 March 2, 2023 2 % 17,000 April 1, 2023 $ 19,000 Due on demand 2 % 19,000 Total Convertible notes $ 54,000 Current portion (54,000 ) Long -term portion $ -

Stockholders Equity (Tables)

Stockholders Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Stockholders Equity
Summary of Changes in Restricted Shares	RSA Weighted -Average Grant Price Balance, December 31, 2022 70,000,000 $ 0.03 Granted - - Vested - - Forfeited - - Balance, September 30, 2023 70,000,000 $ 0.03

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Summary of Significant Accounting Policies
Convertible notes	300,000	194,444
Convertible Series C Preferred Stock	19,382,149	550,183

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Narrativess) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Summary of Significant Accounting Policies
Inventories	$ 184,678		$ 114,645
Cash equivalents	$ 565,867	$ 57,152	$ 55,434	$ 5,469
Property and equipment useful life	5 years
Cost of goods sold	$ 58,630	$ 1,798

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)		3 Months Ended		9 Months Ended
	Apr. 02, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue		$ 174,710	$ 19,033	$ 258,660	$ 60,501
Cost of revenue		39,883	1,798	58,630	1,798
Gross Profit		$ 134,827	$ 17,235	$ 200,030	$ 58,703
April 1,2022 (Member) | Discontinued (Member)
Revenue	$ 46,976
Cost of revenue	27,835
Gross Profit	19,141
Impairment loss	6,125
Total operating expenses	6,125
Income from discontinued operations	$ 13,016

Discontinued Operations (Deta_2

Discontinued Operations (Details Narrative)	Apr. 02, 2022 USD ($)
Discontinued (Member)
Loss	$ 2,030

Equipment net (Details)

Equipment net (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Equipment net
Furniture and equipment	$ 7,582	$ 5,350
Less: accumulated depreciation	(1,675)	(803)
Property and equipment, net	$ 5,907	$ 4,547

Equipment net (Details Narrativ

Equipment net (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Equipment net
Depreciation	$ 871	$ 15,326

Acquisition (Details)

Acquisition (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Apr. 13, 2022
Intangible assets	$ 4,195,353	$ 4,195,353
Operating lease right-of-use assets	148,974	39,367
Operating lease liabilities	$ (78,250)	$ (39,367)
Strategic Asset Holdings [Member]
Convertible Preferred C stock			4,200,000
Intangible assets			$ 4,195,353
Operating lease right-of-use assets			81,967
Operating lease liabilities			$ (77,320)

Acquisition (Details Narrative)

Acquisition (Details Narrative)	Apr. 13, 2022 shares
Acquisition
Interest rate	10%
Preferred C Shares	1,000,000

Intangible assets (Details Narr

Intangible assets (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Intangible assets
Intellectual property	$ 4,195,353	$ 4,195,353
Series c convertible preferred stock ,Shares	1,000,000
Fair value of series c convertible preferred stock capitalilized during period	$ 4,200,000

Lease (Details)

Lease (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Lease
Weighted-average discount rate-operating leases	6.50%	5.50%
Operating lease cost	$ 58,482	$ 25,000
Other information
Cash paid for operating cash flows from operating leases	58,232	31,500
Right-of-use assets obtained upon acquisition	$ 161,665	$ 81,967
Weighted-average remaining lease term - operating leases (year)	1 year 10 months 2 days	11 months 1 day

Lease (Details 1)

Lease (Details 1) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Lease
Operating lease ROU asset	$ 148,974	$ 39,367

Lease (Details 2)

Lease (Details 2) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Lease
Operating lease liability - current	$ 78,250	$ 39,367
Operating lease liability - non-current	70,924	0
Operating lease liabilities	$ 149,174	$ 39,367

Lease (Details 3)

Lease (Details 3)	Sep. 30, 2023 USD ($)
Lease
2023 (excluding the nine months ended September 30, 2023)	$ 21,198
2024	85,792
2025	50,862
Thereafter	0
Operating leases, future minimum payments due	157,852
Less: Imputed interest	(8,678)
Operating lease liabilities	$ 149,174

Convertible Note (Details)

Convertible Note (Details)	9 Months Ended
	Sep. 30, 2023 USD ($)
Total Convertible Note	$ 54,000
Current portion	(54,000)
Long term Portion	0
Eleven August Twenty Twenty Two [Member]
Total Convertible Note	18,000
Principal Amount	$ 18,000
Interest Rate	2%
Maturity Date	February 11, 2023
Two September Twenty Twenty Two [Member]
Total Convertible Note	$ 17,000
Principal Amount	$ 17,000
Interest Rate	2%
Maturity Date	March 2, 2023
One April Twenty Twenty Three [Member]
Total Convertible Note	$ 19,000
Principal Amount	$ 19,000
Interest Rate	2%
Maturity Date	Due on demand

Convertible Note (Details Narra

Convertible Note (Details Narrative) - USD ($)		9 Months Ended
	Jun. 09, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Dec. 31, 2022
Convertible note			$ 54,000
Convertible Note Agreement [Member]
Convertible note Interest rate		2%
Conversion price, per share		$ 0.18
Convertible note Interest		$ 1,035	$ 76
Lender paid amount	$ 19,000
Principal amount				$ 54,000	$ 35,000
Accrued interest				$ 1,291	$ 255

Promissory Note (Details Narrat

Promissory Note (Details Narrative) - Promissory Note Agreement [Member] - USD ($)		9 Months Ended
	Jun. 07, 2023	Sep. 30, 2023
Promissory note Interest rate	5%
Promissory note Interest		$ 1,483
Lender paid amount	$ 120,000
Principal amount		120,000
Accrued interest		1,483
Promissory Note		$ 120,000

Stockholders Equity (Details)

Stockholders Equity (Details)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Stockholders Equity
Restricted Shares Outstanding, Beginning Balance	70,000,000
Restricted Shares, Granted	0
Restricted Shares, Vested	0
Restricted Shares, Forfeited	0
Restricted Shares Outstanding, Ending Balance	70,000,000
Weighted Average Grant Price, Beginning Balance | $ / shares	$ 0.03
Weighted Average Grant Price, Granted | $ / shares	0
Weighted Average Grant Price, Vested | $ / shares	$ 0
Weighted Average Grant Price, Forfeited	0
Weighted Average Grant Price, Ending Balance | $ / shares	$ 0.03

Stockholders Equity (Details Na

Stockholders Equity (Details Narrative) - USD ($)				1 Months Ended	9 Months Ended		12 Months Ended
	Apr. 05, 2023	Jun. 07, 2022	Apr. 13, 2022	Jun. 29, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Aug. 31, 2023	May 31, 2023	Nov. 01, 2022	Jun. 13, 2022
Common stock issued for services, shares					600,000
Common stock issued for services, amount					$ 146,850
Common stock, shares authorized					1,000,000,000		1,000,000,000
Issuance of restricted stock award											70,000,000
Common stock, shares issued					97,545,388		93,945,388
Common stock, par value					$ 0.0001		$ 0.0001
Restricted share issued					$ 70,000,000
Common stock, shares outstanding					97,545,388		93,945,388
Common stock issued upon conversion of Preferred C stock					19,382,149	550,183
Stock bassed compensation					$ 8,966,850	$ 2,100,000	$ 2,100,000
subscription Agreements
Issuance Of Convertible Series C Preferred Stock Amount					$ 907,600
Common stock issued upon conversion of Preferred C stock					273,499
Price								$ 4	$ 2.40
Board of Director
Common stock, shares issued										250,000
Description of amended				Board of Directors and stockholders of the Company approved an amended and restated certificate of incorporation effective a change in par value from $0.001 to $0.0001 per share of Common and Preferred Stock
Common stock value					$ 500,000
Accrued salary					$ 180,000
Series C Preferred Stock
Common stock, shares authorized					5,000,000		5,000,000
Preferred stock, shares par value					$ 0.0001		$ 0.0001
Preferred stock, shares issued					2,273,499		950,000
Preferred stock, shares outstanding					2,273,499		950,000
Conversion of common stock					1
Issuance Of Convertible Series C Preferred Stock	3,000,000	1,000,000	1,000,000		1,200,000
Issuance Of Convertible Series C Preferred Stock Amount			$ 4,200,000		$ 8,640,000
Common stock issued upon conversion of Preferred C stock	150,000	50,000
Series A Preferred Stock [Member]
Preferred stock, shares par value					$ 0.0001		$ 0.0001
Preferred stock, shares issued					10,000,000		10,000,000
Conversion of common stock					1,000
Preferred stock, shares authorized					10,000,000		10,000,000
Preferred stock, shares outstanding					10,000,000		10,000,000
Convertible Preferred Stock Series C
Issuance Of Convertible Series C Preferred Stock					3,000,000	1,000,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)		9 Months Ended
	Sep. 05, 2023	Sep. 30, 2023	Jul. 31, 2023	Sep. 30, 2022	Dec. 31, 2022	Nov. 01, 2022
Forgiveness of accrued salary		$ 9,355
Related party forgave loans payable		301,175
Digital assets equipment book value		276,379
Digital currency itangible assets		26,825
Loss on disposition		2,030
Payments of convertible debt		19,000
Repayment of loan		0		$ 55,720
Repayments of consulting fee		133,500		92,000
Commission paid		122,500		59,500
Due to related party		$ 1,407,681			$ 899,153
Issuance of common stock		97,545,388			93,945,388
Board of Director
Common stock value		$ 500,000
Issuance of common stock						250,000
Accrued salary		180,000
Working Capital Purpose [Member]
Advance from related party		305,000		584,484
Operational Purpose [Member]
Advance from related party		$ 222,529		$ 97,819
Consulting Agreement Member
Issuance Of Convertible Series C Preferred Stock	1,200,000		1,200,000
Issuance Of Convertible Series C Preferred Stock Amount	$ 8,640,000

Concentration (Details Narrativ

Concentration (Details Narrative)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Accounts Receivable One Customer Member
Concentration	100%	0%
Revenue One Customer Member
Concentration	66%
Revenue Two Customer Member
Concentration		75%
Supplier One Customer Member
Concentration	96%	97%