General Enterprise Ventures (GEVI) 10-Q 16 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 12, 2024
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	Jun. 30, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		36,552,150
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 ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash	$ 546,555	$ 549,755
Accounts receivable	650,871	427,433
Inventory	192,081	230,197
Prepaid expenses	11,462	10,671
Deferred offering costs	34,675	0
Total Current Assets	1,435,644	1,218,056
Non-Current Assets
Equipment, net	6,365	7,299
Intangible assets	3,822,440	3,948,106
Operating lease right-of-use asset	90,164	129,683
Total Assets	5,354,613	5,303,144
Current liabilities
Accounts payable and accrued liabilities	100,746	54,572
Promissory note	0	120,000
Convertible note payable	0	54,000
Due to related parties	1,251,257	1,309,077
Advances for convertible notes to be issued	695,000	0
Operating lease liability - current portion	83,998	80,136
Total Current Liabilities	2,131,001	1,617,785
Non-current Liability
Operating lease liability Non-current	7,266	50,047
Total Liabilities	2,138,267	1,667,832
Stockholders' Equity
Common Stock par value $0.0001, authorized 1,000,000,000 shares, 36,552,150 and 97,545,388 shares issued and outstanding, respectively	3,655	9,755
Additional paid-in capital	76,832,217	72,427,996
Common Stock to be issued - 500,000 and 500,000 shares, respectively	290,000	180,000
Subscription received - 0 and 183,333 shares of Series C Preferred stock to be issued, respectively	0	500,000
Accumulated deficit	(73,910,780)	(69,483,666)
Total Stockholders' Equity	3,216,346	3,635,312
Total Liabilities and Stockholders' Equity	5,354,613	5,303,144
Convertible Preferred Stock Series A
Stockholders' Equity
Series A Preferred Stock, par value $0.0001, designated 10,000,000 shares, 10,000,000 shares issued and outstanding	1,000	1,000
Convertible Preferred Sock Series C
Stockholders' Equity
Series A Preferred Stock, par value $0.0001, designated 10,000,000 shares, 10,000,000 shares issued and outstanding	$ 254	$ 227

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
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	36,552,150	97,545,388
Common stock, shares outstanding	36,552,150	97,545,388
Common stock to be issued	500,000	500,000
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	2,546,831	2,273,499
Preferred stock, shares outstanding	2,546,831	2,273,499
Shares to be issued	0	183,333

Consolidated Statement of Opera

Consolidated Statement of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consolidated Statement of Operations and Comprehensive Loss (Unaudited)
Revenue	$ 198,669	$ 28,355	$ 631,687	$ 83,950
Operating Expenses
Cost of revenue (including payments to related parties of $73,136 and $27,165, respectively and exclusive of amortization and depreciation shown separately below)	89,939	28,576	216,011	68,351
Amortization and depreciation	62,765	62,079	126,600	124,155
General and administration	199,459	76,886	339,927	151,678
Advertising and marketing	247,170	28,217	357,376	39,818
Professional fees- related party	65,210	84,365	1,533,614	156,835
Professional fees	441,530	165,518	1,602,109	375,647
Total operating expenses	1,106,073	445,641	4,175,637	916,484
Loss from Operations	(907,404)	(417,286)	(3,543,950)	(832,534)
Other Expense
Interest expense	0	(584)	(885)	(759)
Loss on settlement of debt by issuing common stock	0	0	(882,279)	0
Total other expense	0	(584)	(883,164)	(759)
Loss from operations before taxes	(907,404)	(417,870)	(4,427,114)	(833,293)
Provision for income taxes	0	0	0	0
Net Loss	(907,404)	(417,870)	(4,427,114)	(833,293)
Comprehensive Loss	$ (907,404)	$ (417,870)	$ (4,427,114)	$ (833,293)
Net loss per common share - basic and diluted	$ (0.02)	$ 0	$ (0.07)	$ (0.01)
Basic and diluted weighted average number of common shares outstanding	36,387,315	97,350,883	64,310,131	95,766,935

Consolidated Statements of Chan

Consolidated Statements of Change in Stockholders' Deficit (Unaudited) - USD ($)	Total	Convertible Series C Preferred Stock	Preferred Stock To Be Issued	Common Stock	Common Stock To Be Issued	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Convertible Series A Preferred Stock [Member]
Balance, shares at Dec. 31, 2022		950,000		93,945,388				10,000,000
Balance, amount at Dec. 31, 2022	$ 3,348,668	$ 95		$ 9,395	$ 0	$ 62,719,578	$ (59,381,400)	$ 1,000
Common stock issued for services, shares				300,000
Common stock issued for services, amount	86,850	0		$ 30	0	86,820	0	0
Net loss	(415,423)	$ 0		$ 0	0	0	(415,423)	$ 0
Balance, shares at Mar. 31, 2023		950,000		94,245,388				10,000,000
Balance, amount at Mar. 31, 2023	3,020,095	$ 95		$ 9,425	0	62,806,398	(59,796,823)	$ 1,000
Balance, shares at Dec. 31, 2022		950,000		93,945,388				10,000,000
Balance, amount at Dec. 31, 2022	3,348,668	$ 95		$ 9,395	0	62,719,578	(59,381,400)	$ 1,000
Common stock issued for services, amount	146,850
Net loss	(833,293)
Common stock to be issued for services	0
Balance, shares at Jun. 30, 2023		800,000		97,545,388				10,000,000
Balance, amount at Jun. 30, 2023	2,841,825	$ 80		$ 9,755	179,600	62,866,083	(60,214,693)	$ 1,000
Balance, shares at Mar. 31, 2023		950,000		94,245,388				10,000,000
Balance, amount at Mar. 31, 2023	3,020,095	$ 95		$ 9,425	0	62,806,398	(59,796,823)	$ 1,000
Common stock issued for services, shares				300,000
Common stock issued for services, amount	60,000	0		$ 30	0	59,970	0	0
Net loss	(417,870)	0		0	0	0	(417,870)	0
Shares to be issued, subscription received	179,600	$ 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	$ (15)		$ 300	0	(285)	0	$ 0
Balance, shares at Jun. 30, 2023		800,000		97,545,388				10,000,000
Balance, amount at Jun. 30, 2023	2,841,825	$ 80		$ 9,755	179,600	62,866,083	(60,214,693)	$ 1,000
Balance, shares at Dec. 31, 2023		2,273,499		97,545,388				10,000,000
Balance, amount at Dec. 31, 2023	3,635,312	$ 227	$ 500,000	$ 9,755	180,000	72,427,996	(69,483,666)	$ 1,000
Common stock issued for services, shares				2,000,000
Common stock issued for services, amount	1,702,000	0	0	$ 200	0	1,701,800	0	0
Net loss	(3,519,710)	$ 0	0	0	0	0	(3,519,710)	0
Series C Preferred Stock issued for preferred stock to be issued shares		108,333
Series C Preferred Stock issued for preferred stock to be issued amount	0	$ 11	(320,000)	0	0	319,989	0	0
Series C Preferred Stock issued for cash, shares		50,000
Series C Preferred Stock issued for cash, amount	165,000	$ 5	0	0	0	164,995	0	0
Series C Preferred Stock issued for services, shares		40,000
Series C Preferred Stock issued for services, amount	696,000	$ 4	0	$ 0	0	695,996	0	0
Common stock issued for stock to be issued - management, shares				250,000
Common stock issued for stock to be issued - management, amount	0	0	0	$ 25	(90,000)	89,975	0	0
Common stock issued for conversion and settlement of debt, shares				1,506,762
Common stock issued for conversion and settlement of debt, amount	1,085,148	0	0	$ 150	0	1,084,998	0	0
Cancellation of comment stock -related party, shares				(65,000,000)
Cancellation of comment stock -related party, amount	0	$ 0	0	$ (6,500)	0	6,500	0	$ 0
Balance, shares at Mar. 31, 2024		2,471,832		36,302,150				10,000,000
Balance, amount at Mar. 31, 2024	3,763,750	$ 247	180,000	$ 3,630	90,000	76,492,249	(73,003,376)	$ 1,000
Balance, shares at Dec. 31, 2023		2,273,499		97,545,388				10,000,000
Balance, amount at Dec. 31, 2023	3,635,312	$ 227	500,000	$ 9,755	180,000	72,427,996	(69,483,666)	$ 1,000
Common stock issued for services, shares				2,250,000
Common stock issued for services, amount	1,862,000
Net loss	(4,427,114)
Common stock to be issued for services	200,000
Balance, shares at Jun. 30, 2024		2,546,831		36,552,150				10,000,000
Balance, amount at Jun. 30, 2024	3,216,346	$ 254	0	$ 3,655	290,000	76,832,217	(73,910,780)	$ 1,000
Balance, shares at Mar. 31, 2024		2,471,832		36,302,150				10,000,000
Balance, amount at Mar. 31, 2024	3,763,750	$ 247	180,000	$ 3,630	90,000	76,492,249	(73,003,376)	$ 1,000
Common stock issued for services, shares				250,000
Common stock issued for services, amount	160,000	0	0	$ 25	0	159,975	0	0
Net loss	(907,404)	$ 0	0	0	0	0	(907,404)	0
Series C Preferred Stock issued for preferred stock to be issued shares		74,999
Series C Preferred Stock issued for preferred stock to be issued amount	0	$ 7	(180,000)	0	0	179,993	0	0
Common stock to be issued for services	200,000	$ 0	0	$ 0	200,000	0	0	$ 0
Balance, shares at Jun. 30, 2024		2,546,831		36,552,150				10,000,000
Balance, amount at Jun. 30, 2024	$ 3,216,346	$ 254	$ 0	$ 3,655	$ 290,000	$ 76,832,217	$ (73,910,780)	$ 1,000

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net loss	$ (4,427,114)	$ (833,293)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	2,062,000	146,850
Series C Preferred stock-based compensation	696,000	0
Non-cash lease expenses	39,519	30,000
Depreciation and amortization	126,600	124,155
Loss on settlement of debt	882,279	0
Changes in operating assets and liabilities:
Accounts receivable	(223,438)	0
Inventory	38,116	10,909
Prepaid expense	(791)	(20,099)
Related party advances funding operating expense	2,180	200,836
Accounts payable and accrued liabilities	75,043	(53,248)
Operating lease liabilities	(38,919)	(30,000)
Net Cash used in Operating Activities	(768,525)	(423,890)
Cash Flows from Financing Activities:
Advances received for convertible notes to be issued	695,000	0
Deferred offering cost	(34,675)	0
Proceeds from loan - related party	0	275,000
Repayment of loan- related party	(60,000)	0
Proceed from issuance Series C Preferred Stock	165,000	0
Proceed from stock subscription	0	179,600
Net Cash provided by Financing Activities	765,325	454,600
Change in cash	(3,200)	30,710
Cash, beginning of period	549,755	55,434
Cash, end of period	546,555	86,144
Supplemental Disclosure Information:
Cash paid for interest	0	0
Cash paid for taxes	0	0
Non-Cash Financing Disclosure:
Common stock issued for services	1,862,000	146,850
Common stock to be issued for services	200,000	0
Series C Preferred stock issued for services	696,000	0
Common stock issued upon conversion of Series C Preferred stock	0	300
Common stock issued for conversion and settlement of debt	1,085,148	0
Common stock issued for stock to be issued - management	90,000	0
Series C Preferred stock issued for subscription received	500,000	0
Cancellation comment stock - related party	6,500	0
Reclassification of due to related party to convertible note	$ 0	$ 19,000

Organization, Business and Goin

Organization, Business and Going Concern	6 Months Ended
	Jun. 30, 2024
Organization, Business and Going Concern
Organization, Business and Going Concern	Note 1 – Organization, Business and Going Concern General Enterprise Ventures, Inc., was originally incorporated under the laws of the State of Nevada on March 14, 1990. When used in these notes, the terms “GEVI,” “Company,” “we,” “us” and “our” mean General Enterprise Ventures, Inc. and all entities included in our consolidated financial statements. In January 2021, Board of Directors of the Company approved redomiciling the Company in Delaware. On March 31, 2021, the Company formed General Entertainment Ventures, Inc. in Delaware as a wholly owned subsidiary of the Company. The purpose of the formation of GEVI was to merge the Company into GEVI pursuant to Section 251(g) of the General Corporation Law of the State of Delaware. On April 10, 2021, after approval by the board of directors and shareholders of the Company, the Company was merged into GEVI pursuant to an Agreement and Plan of Merger dated as of the same date. GEVI is the accounting and legal acquiror of the Company. On June 3, 2021, after approval by the board of directors and shareholders of the Company, the Company was redomiciled to the State of Wyoming. On October 11, 2021, after approval by the board of directors and shareholders of the Company, the Company was renamed General Enterprise Ventures, Inc., in the State of Wyoming. Corporate Changes On January 3, 2022, the Company formed Mighty Fire Breaker, LLC, an Ohio limited liability company (“MFB Ohio”), to acquire all the intellectual property of Mighty Fire Breaker, LLC, a California limited liability company (“MFB California”) in connection with the flame retardant and flame suppression segments of the environmental industry, including patents and patents pending. On April 13, 2022, the transaction between the Company, MFB Ohio and MFB California closed. The transaction consideration to the equity holders of MFB California was 1,000,000 shares of the Series C Convertible Preferred Stock of the Company with a value at closing of $4,200,000, and a 10% royalty on gross sales before taxes of the MFB Ohio family of products. In addition, on November 14, 2022, the Company formed Mighty Fire Breaker UK Limited (“MFB UK” and together with MFB Ohio, collectively, “MFB”). MFB has 56 patents pertaining to its CitroTech MFB 31 Technology™ (“CitroTech” or the “MFB Technology”) for the prevention and spread of wildfires. When CitroTech is applied it converts flammable fuels like dry native vegetation and wood into non-combustible materials. During the third quarter of 2022 the Company received EPA Safer Choice status and UL Green-Guard Gold approval on its CitroTech fire inhibitor. The Company continues to pursue accreditations such as the Missoula Testing approval for selling products to the government. Currently, MFB Ohio is involved in installing commercial and large residential Proactive Wildfire Prevention Systems. Effective June 25, 2024, the Company formed and organized a wholly owned subsidiary, GEVI Insurance Holdings Inc., an Ohio corporation, while the Company contemplates the opportunity to enter the wildfire insurance markets relating to the Company’s flame retardant and flame suppression products. Business We are an environmentally sustainable flame retardant and flame suppression company for the residential home industry throughout the United States and international markets. Management is experienced in business integration and branding potential. The Company is bringing to the marketplace unique, disruptive products with significant environmental impact potential. The Company holds various intellectual property in the form of patents and trademarks in the fields of fire suppression, mapping and tracking of fire-retardant dispersion and fire inhibition chemistry and technology. The Company has obtained multiple certification and accreditations in this industry, such as being the only EPA Safer Choice approved, long-term fire retardant, UL GreenGaurd Gold, California Bioassay water approval, LENS, and in the process of USDA approval. Going Concern Our consolidated financial statements are prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has incurred losses since inception and has a net loss of $4,427,114 on $631,687 of revenues for the six months ended June 30, 2024 and has a working capital deficiency of $695,357 as of June 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of $1,251,257 outstanding at June 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued. Management recognizes that the Company must obtain additional resources to successfully implement its business plans. During the six months ended June 30, 2024, the Company completed financings from the issuance of Series C preferred stock, common stock, advances and relate party loans, generating net proceeds of $802,180. However, the Company’s existing cash resources and income from operations, are not expected to provide sufficient funds to carry out the Company’s operations and business development through the next twelve (12) months. Management plans to continue to raise funds and complete an Initial Public Offering (IPO) to support our operations in 2024 and beyond. However, no assurances can be given that we will be successful. If management is not able to timely and successfully raise additional capital and/or complete an IPO, the implementation of the Company’s business plan, financial condition and results of operations will be materially affected. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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/A, for the year ended December 31, 2023, as filed with the SEC on July 30, 2024. Principles of Consolidation The consolidated financial statements include the accounts of General Enterprise Ventures, Inc., and its wholly owned subsidiaries, Mighty Fire Breaker, LLC, an Ohio Limited Liability company and GEVI Insurance Holdings Inc., an Ohio corporation. Intercompany transactions and balances have been eliminated. Restatement For the three and six months ended June 30, 2023, the company restated the Consolidated Financial Statements for the calculation of amortization on intangible assets. The impact on the Consolidated Statement of Operations and Comprehensive Loss of the restatement is as follows: Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 As Filed Adjustment As Restated As Filed Adjustment As Restated Amortization and depreciation $ 267 $ 61,812 $ 62,079 531 123,624 124,155 Total operating expense $ 378,936 $ 61,812 $ 440,748 774,113 123,624 897,737 Loss from operations $ (355,474 ) $ (61,812 ) $ (417,286 ) (708,910 ) (123,624 ) (832,534 ) Net loss $ (356,058 ) $ (61,812 ) $ (417,870 ) (709,669 ) (123,624 ) (833,293 ) The impact on the Consolidated Statement of Cash Flows of the restatement is as follows: Six Months Ended June 30,2023 As Filed Adjustment As Restated Cash Flows from Operating Activities: Net loss $ (709,669 ) $ (123,624 ) $ (833,293 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 531 123,624 124,155 Net Cash used in Operating Activities $ (423,890 ) $ - $ (423,890 ) The impact on the Consolidated Statement of Stockholders’ Equity of the restatement is as follows: June 30, 2023 As Filed Adjustment As Restated Stockholders' equity: Accumulated deficit $ (60,091,069 ) $ (123,624 ) $ (60,214,693 ) Total stockholders' equity $ 2,965,449 $ (123,624 ) $ 2,841,825 Reclassification For the three and six months ended June 30, 2023, certain amounts have been reclassified to improve the clarity and comparability of the Consolidated Financial Statements. An adjustment has been made to the Consolidated Statements of Operations and Comprehensive Loss and for the three and six months ended June 30,2023, to reclassify partial operating expenses to cost of revenue, and to separately disclose professional service provided by related party from line-item professional service to professional fees- related party. The impact on the Consolidated Statement of Operations and Comprehensive Loss, with no change to the restated loss from operations or net loss, respectively, as follows: Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 As Filed and Restated (*) Adjustment As Reclassified As Filed and Restated (*) Adjustment As Reclassified Cost of revenue $ 4,893 $ (4,893 ) $ - $ 18,747 $ (18,747 ) $ - Operating Expenses Cost of revenue (exclusive of amortization and depreciation shown separately below) - 28,576 28,576 - 68,351 68,351 Amortization and depreciation 62,079 - 62,079 124,155 - 124,155 General and administration 114,151 (37,265 ) 76,886 213,935 (62,257 ) 151,678 Marketing - 28,217 28,217 - 39,818 39,818 Professional fees- related party - 84,365 84,365 - 156,835 156,835 Professional fees 264,518 (99,000 ) 165,518 559,647 (184,000 ) 375,647 Total operating expenses $ 440,748 $ 4,893 $ 445,641 $ 897,737 $ 18,747 $ 916,484 Loss from Operations $ (417,286 ) $ - $ (417,286 ) $ (832,534 ) $ - $ (832,534 ) (*) Originally as filed for June 30, 2023, and restated for the change for amortization of intangible assets. Use of Estimates The preparation of financial statements in conformity with 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 at June 30, 2024 and December 31, 2023. The Company had cash of $546,555 and $549,755 at June 30, 2024 and December 31, 2023, respectively. Periodically, the Company may carry cash balances at financial institutions in excess of the federally insured limit of $250,000 per institution. The amount in excess of the FDIC insurance as of June 30, 2024, was $296,555. The Company has not experienced losses on these accounts and management believes, based upon the quality of the financial institutions, that the credit risk with regard to these deposits is not significant. Accounts Receivable Trade accounts receivable is 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. As of June 30, 2024, and December 31, 2023, the Company had no allowance for doubtful accounts. 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 June 30, 2024, and December 31, 2023, the Company held inventories of $192,081 and $230,197, respectively. The Company did not write-off any inventories as unsalable during the six months ended June 30, 2024, and 2023. Deferred Offering Costs Pursuant to ASC 340-10-S99-1, costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. Deferred offering costs consist of underwriting, legal, accounting, and other expenses incurred through the balance sheet date that are directly related to the proposed public offering. Should the proposed public offering prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be expensed. As of June 30, 2024 and December 31, 2023, deferred offering costs consisted of the following: June 30 December 31 2024 2023 Legal fees $ 34,675 $ - 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, accounts receivable, prepaid expenses, accounts payable and accrued liabilities, due to related parties and loans payable, are carried at historical cost. At June 30, 2024 and December 31, 2023, the carrying amounts of these instruments approximated their fair values because of the short-term nature of these instruments. Revenue The Company recognizes revenue from its contracts with customers in accordance with ASC 606 – Revenue from Contracts with Customers. Revenue related to contracts with customers is evaluated utilizing the following steps: (i) Identify the contract, or contracts, with a customer; (ii) Identify the performance obligations in the contract; (iii) Determine the transaction price; (iv) Allocate the transaction price to the performance obligations in the contract; (v) Recognize revenue when the Company satisfies a performance obligation. 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. Cost of Revenue For the three and six months ended June 30, 2024 and 2023, cost of revenue consists of: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Cost of inventory $ 58,529 $ 4,607 $ 134,725 $ 30,761 Freight and shipping 5,620 9,334 8,150 10,425 Consulting and advisory-related party 6,200 11,800 10,400 20,800 Royalty and sales commission-related party 19,590 2,835 62,736 6,365 Total cost of revenue $ 89,939 $ 28,576 $ 216,011 $ 68,351 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 six months ended June 30, 2024 and 2023, 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. June 30, June 30, 2024 2023 Shares Shares Convertible notes - 300,000 Convertible Series C Preferred Stock 49,059,894 18,930,320 Convertible Series A Preferred Stock (1) - 10,000,000,000 49,059,894 10,019,230,320 (1) Series A Preferred Stock was amended in March 2024 to remove the conversion feature (Note 10). For the three and six months ended June 30, 2024 and 2023, the reconciliation to net loss per common share basic and the anti-dilutive impact on net loss per share, are as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Numerator: Net loss $ (907,404 ) $ (417,870 ) $ (4,427,114 ) $ (833,293 ) Net loss - diluted $ (907,404 ) $ (417,870 ) $ (4,427,114 ) $ (833,293 ) Denominator: Weighted average common shares outstanding 36,387,315 97,350,883 64,310,131 95,766,935 Effect of dilutive shares - - - - Convertible notes - 300,000 - 300,000 Preferred stock 50,559,528 10,018,858,616 49,059,894 10,018,930,320 Diluted 86,946,843 10,116,509,499 113,370,025 10,114,997,255 Net loss per common share: Basic $ (0.02 ) $ (0.00 ) $ (0.07 ) $ (0.01 ) Diluted $ (0.01 ) $ (0.00 ) $ (0.04 ) $ (0.00 ) Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures ("ASU 2023-09"), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company prospectively to all annual periods beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact this update will have on our consolidated financial statements and disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), which require public companies disclose significant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures about a reportable segment's profit or loss and assets that are currently required annually. The guidance is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The guidance is applied retrospectively to all periods presented in the financial statements, unless it is impracticable. We are currently evaluating the impact this update will have on our consolidated financial statements and disclosures. We have evaluated all other recently issued, but not yet effective, accounting pronouncements and do not believe that these accounting pronouncements will have any material impact on our consolidated financial statements or disclosures upon adoption.

Equipment

Equipment	6 Months Ended
	Jun. 30, 2024
Equipment
Equipment	Note 3 – Equipment At June 30, 2024 and December 31, 2023, equipment consisted of the following: June 30, December 31, 2024 2023 Cost: Furniture and equipment $ 9,366 $ 9,365 Less: accumulated depreciation (3,001 ) (2,066 ) Property and equipment, net $ 6,365 $ 7,299 For the three and six months ended June 30, 2024, and 2023, depreciation consists of: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Depreciation $ 274 $ 267 $ 934 $ 531

Intangible assets

Intangible assets	6 Months Ended
	Jun. 30, 2024
Intangible assets
Intangible assets	Note 4 – Intangible Assets In 2022, the Company acquired the intellectual property of MFB California, 19 patents centered around its MFB Technology for the prevention and spread of wildfires. As of June 30, 2024 and December 31, 2023, finite lived intangible assets consisted of the following: June 30, December 31 2024 2023 Patents $ 4,195,353 $ 4,195,353 Accumulated amortization (372,913 ) (247,247 ) Intangible assets, net $ 3,822,440 $ 3,948,106 Estimated future amortization expense for finite lived intangibles are as follows: December 31, 2024 (excluding the six months ended June 30, 2024) $ 122,949 2025 247,931 2026 247,931 2027 247,931 2028 247,931 Thereafter 2,707,767 $ 3,822,440 As of June 30, 2024, the weighted-average useful life is 16.00 years. For the three and six months ended June 30, 2024 and 2023, amortization expense is as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Amortization $ 62,491 $ 61,812 $ 125,666 $ 123,624

Lease

Lease	6 Months Ended
	Jun. 30, 2024
Lease
Lease	Note 5 – Lease We had one operating lease for our corporate office and warehouse and three short term leases for executive office and storage facilities. In March 2022, the Company entered into an operating lease for the office, with the term of 18 months. In July 2023, the Company amended the contract and extended the lease term to July 2025. For the three and six months ended June 30, 2024 and 2023, right-of-use asset and lease information about the Company’s operating lease consist of: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 The components of lease expense were as follows: Operating lease cost $ 21,498 $ 15,000 $ 42,996 $ 30,000 Short-term lease cost 17,348 717 20,041 3,468 Variable lease cost 11,582 3,900 11,282 7,800 Total lease cost $ 50,428 $ 19,617 $ 74,319 $ 41,268 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2024 2023 Cash paid for operating cash flows from operating leases $ 54,278 $ 37,800 Weighted-average remaining lease term - operating leases (year) 1.08 0.17 Weighted-average discount rate — operating leases 6.50 % 5.50 % Supplemental balance sheet information related to leases consists of: June 30, December 31, 2024 2023 Operating lease right-of-use asset $ 90,164 $ 129,683 Operating lease liabilities: Current portion $ 83,998 $ 80,136 Non-current portion 7,266 50,047 $ 91,264 $ 130,183 The following table outlines maturities of our lease liabilities as of June 30, 2024: Year ending December 31, 2024 (excluding the six months ended June 30, 2024) $ 43,396 2025 50,862 Thereafter - 94,258 Less: Imputed interest (2,994 ) Operating lease liabilities $ 91,264

Convertible Note

Convertible Note	6 Months Ended
	Jun. 30, 2024
Convertible Note
Convertible Note	Note 6 – 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. 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 24 hours after payment at a fixed conversion price of $0.18 per share. As of June 30, 2024, and December 31, 2023, following is the summary of funds received from the lender: Principal Interest June 30, December 31, Payment date Amount Maturity date Rate 2024 2023 August 11, 2022 $ 18,000 2/11/2023 2 % $ - $ 18,000 September 2, 2022 $ 17,000 3/2/2023 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 $ - $ - During the six months ended June 30, 2024, the Company settled liabilities of $23,400 and converted notes with principal amounts of $54,000 and accrued interest of $1,702 into 456,762 shares of common stock. The fair market value of the common shares converted was $126,655 at the issuance date, as a result, the Company recognized a loss on debt settled by common stock of $103,255. During the six months ended June 30, 2024 and 2023, the Company recognized interest expenses of $135 and $759, respectively. As of June 30, 2024 and December 31, 2023, the Company owned principal of $0 and $54,000 and accrued interest of $0 and $1,567, respectively.

Promissory Note

Promissory Note	6 Months Ended
	Jun. 30, 2024
Promissory Note
Promissory Note	Note 7 – 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 six months ended June 30, 2024 and 2023, the Company recognized $750 and $0 interest. During the six months ended June 30, 2024, the Company settled the promissory note with principal amount of $120,000 and accrued interest of $3,767 into 1,050,000 shares of common stock. The fair market value of the common shares converted was $902,790 at the issuance date, as a result, the Company recognized a loss on debt settled by common stock of $779,024.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions
Related Party Transactions	Note 8 – Related Party Transactions The related parties that had material transactions for the three and six months ended June 30, 2024 and 2023, consist of the following: Related Party Nature of Relationship to the Company A An Ohio Corporation – a significant shareholder B Owner of related party A C Chief Executive Officer (CEO) of the Company D A California Corporation owned by related party E E Significant shareholder F MFB Ohio board advisor G MFB Ohio board advisor H MFB Ohio board advisor I MFB Ohio board advisor J MFB Ohio board advisor K MFB Ohio board advisor As of June 30, 2024 and December 31, 2023, amounts owing to related parties consists as follows: June 30, December 31, Related Party 2024 2023 A $ 839,377 $ 897,197 B 411,880 411,880 $ 1,251,257 $ 1,309,077 During the six months ended June 30, 2024 and 2023, related party A advanced to the Company an amount of $0 and $275,000 for working capital proposes and $2,180 and $200,836 for operating expenses paid directly to vendors, on behalf of the Company, respectively. During the six months ended June 30, 2024 and 2023, the Company repaid $60,000 and $0 owing to the related party A, respectively. For the three months ended June 30, 2024 and 2023, expenses to related parties and their nature consists of: Three months ended June 30, Related Party 2024 2023 Nature of Transaction Financial Statement Line Item D $ 24,800 $ 47,200 Cash paid for consulting fees Professional fees - related party D $ 6,200 $ 11,800 Cash paid for consulting and advisory fees Cost of revenue E $ 40,410 $ 37,165 Cash paid for management fee Professional fees - related party E $ 19,590 $ 2,835 Cash paid for royalty and sales commissions Cost of revenue For the three months ended June 30, 2024 and 2023, expenses to related parties and their nature consists of: Six Months Ended June 30, Related Party 2024 2023 Nature of transaction Financial Statement Line Item C $ 25,000 $ - Cash paid for management fee General and administration D $ 41,600 $ 83,200 Cash paid for consulting fees Professional fees - related party D $ 10,400 $ 20,800 Cash paid for consulting and advisory fees Cost of revenue E $ 69,264 $ 73,635 Cash paid for management fee Professional fees - related party E $ 62,736 $ 6,365 Cash paid for royalty and sales commissions Cost of revenue F $ 214,950 $ - 250,000 shares of common stock issued for advisory fee Professional fees - related party G $ 429,900 $ - 500,000 shares of common stock issued for advisory fee Professional fees - related party H $ 128,970 $ - 150,000 shares of common stock issued for advisory fee Professional fees - related party I $ 214,950 $ - 250,000 shares of common stock issued for advisory fee Professional fees - related party J $ 348,000 $ - 20,000 shares of Series C preferred stock for advisory fee Professional fees - related party K $ 85,980 $ - 100,000 shares of common stock issued for advisory fee Professional fees - related party

Advances for Convertible Notes

Advances for Convertible Notes to be Issued	6 Months Ended
	Jun. 30, 2024
Advances for Convertible Notes to be Issued
Advances	Note 9 – Advances for Convertible Notes to be Issued During the six months ended June 30, 2024, the Company obtained $695,000 from eleven (11) lenders in cash for issuance of convertible promissory notes and warrants. As of June 30, 2024, the Company has not issued convertible promissory notes and warrants agreements, and all of the funds would have been returned if a certain threshold of investment had not been achieved.

Stockholders Equity

Stockholders Equity	6 Months Ended
	Jun. 30, 2024
Stockholders Equity
Stockholders' Equity	Note 10 – Stockholders’ Equity Preferred Shares Shares Outstanding The Company is authorized to issue up to 15,000,000 shares of Preferred Stock, par value $0.0001 per share. Series A Preferred Stock The Company originally designated 10,000,000 shares of its Preferred Stock as Series A Convertible Preferred Stock. On March 29, 2024, the Company amended and restated its Series A Convertible Preferred Stock to designate 10,000,000 shares of its Preferred Stock as Series A Preferred Stock, par value $0.0001, with the following rights and privileges. Dividends Voting Rights Other Rights The Company will not, by amendment of its Charter or through any reorganization, transfer of assets, consolidation, merger, dissolution, issuance or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of its Charter and in the taking of all such action as may be necessary or appropriate to protect the rights of the holders of the Series A Preferred Stock against impairment. So long as any shares of Series A Preferred Stock are outstanding, the Company shall not, without first obtaining the approval (by vote or written consent as provided by the Wyoming Business Corporations Act) of the holders of at least a majority of the then outstanding shares of Series A Preferred Stock: (a) alter or change the rights, preferences or privileges of the Series A Preferred Stock; (b) alter or change the rights, preferences or privileges of any capital stock of the Company so as to affect adversely the Series A Preferred Stock; (c) increase the authorized number of shares of Series A Preferred Stock; or (d) authorize or issue any shares of senior securities. Fully Paid As of June 30, 2024, and December 31, 2023, there were 10,000,000 shares of Series A Preferred Stock issued and outstanding. Series C Convertible Preferred Stock The Company has designated 5,000,000 shares of its Preferred Stock as Series C Convertible Preferred Stock with the following rights and privileges. Dividends Voting Rights Conversion Rights If at any time or from time to time there shall be (i) a merger or consolidation of the Company with or into another corporation, (ii) the sale of all or substantially all of the Company’s capital stock or assets to any other person, (iii) any other form of business combination or reorganization in which the Company shall not be the continuing or surviving entity of such business combination or reorganization, or (iv) any transaction or series of transactions by the Company in which more than 50 percent (50%) of the Company’s voting power is transferred (each a “Reorganization”) then as a part of such Reorganization, the provision shall be made so that the holders of the Series C Convertible Preferred Stock shall thereafter be entitled to receive the same kind and amount of stock or other securities or property (including cash) of the Company, or the successor corporation resulting from such Reorganization. Other Rights The Company will not, by amendment of its Charter or through any reorganization, transfer of assets, consolidation, merger, dissolution, issuance or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of its Charter and in the taking of all such action as may be necessary or appropriate to protect the rights of the holders of the Series C Convertible Preferred Stock against impairment. So long as any shares of Series C Convertible Preferred Stock are outstanding, the Company shall not, without first obtaining the approval (by vote or written consent as provided by the Wyoming Business Corporations Act) of the holders of at least a majority of the then outstanding shares of Series C Convertible Preferred Stock: (a) alter or change the rights, preferences or privileges of the Series C Convertible Preferred Stock; (b) alter or change the rights, preferences or privileges of any capital stock of the Company so as to affect adversely the Series C Convertible Preferred Stock; (c) increase the authorized number of shares of Series C Convertible Preferred Stock; or (d) authorize or issue any shares of senior securities. Fully Paid During the six months ended June 30, 2024, the Company issued 273,332 shares of Series C Preferred Stock as follow; · 183,332 shares issued for stock payable of $500,000. · 50,000 shares for $165,000 cash subscription. · 40,000 issued for services, valued at $696,000 at market price on issuance date. Subscription received During the year ended December 31, 2023, the Company received $500,000 for subscription of 183,332 shares of Series C Preferred Stock. As of December 31, 2023, 183,332 shares were not issued and are recorded as preferred stock to be issued with value of $500,000 in equity. During the six months ended June 30, 2024, the Company issued 183,332 shares of Series C Preferred Stock. As of June 30, 2024 and December 31, 2023, there were 2,546,831 and 2,273,499 shares of the Company’s Convertible Series C Preferred Stock issued and outstanding, respectively. Common Stock The Company has authorized 1,000,000,000 shares of common stock with a par value of $0.0001. Each share of 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. During the six months ended June 30, 2024, the Company issued 4,006,762 shares of Common Stock and cancelled 65,000,000 shares as follow: · 2,250,000 shares issued for services, valued at $1,862,000 at market price on issuance date. · 1,506,762 shares for conversion and settlement of debt of $1,085,148 at market price on issuance date. · 250,000 shares issued for common stock to be issued from fiscal year ended 2023 – to a director of the Company. · 65,000,000 shares were cancelled by the Company's President, valued $6,500 at par value. As of June 30, 2024 and December 31, 2023, there were 36,552,150 and 97,545,388 shares of the Company’s common stock issued and outstanding, respectively. Stock-Based Compensation On June 13, 2022, the Company issued 70,000,000 Restricted Stock Awards (“RSAs”) 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 six months ended June 30, 2024: Restricted Stock Award Weighted-Average Grant Price Balance, December 31, 2023 70,000,000 $ 0.03 Granted - - Vested - - Cancelled (65,000,000 ) 0.03 Balance, June 30, 2024 5,000,000 $ 0.03 As of December 31, 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 six months ended June 30, 2024, 65,000,000 shares were cancelled. 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 of the two independent directors for their board services in support of the Company. 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. During the six months ended June 30, 2024, the Company issued 250,000 shares of common stock and settled common stock to be issued of $90,000. On April 22, 2024, the Company entered into an advisory and consulting agreement for a period of twelve (12) months with share compensation of 250,000 shares of common stock upon signing the agreement. The Company valued the 250,000 shares based on market value at signing of the agreement, in the amount of $ 200,000. As of June 30, 2024, the Company did not issue the shares, and recorded this as common stock to be issued as a component of stockholders’ equity. As of June 30, 2024 and December 31, 2023, 500,000 and 500,000 shares were not yet issued and are recorded as common stock to be issued of $290,000 and $180,000 in equity, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies
Commitments and Contingencies	Note 11– Commitments and Contingencies As part of the intellectual asset purchase agreement with MFB California, the Company is subject to royalties of 10.0% derived from gross invoiced sales of MFB products excluding funds received for sales and use tax (see Notes 1 and 4). On April 22, 2024, the Company entered into an advisory and consulting agreement for a period of 12 months with monthly fees of $14,500, success fees of 4.5% of the total value of any non-financing contract, finder fees of 4.5% of total value of the financing transactions (payable to the Company’s broker-dealer) and share compensation of 250,000 shares of common stock upon signing the agreement, recorded as common stock to be issued.

Concentration

Concentration	6 Months Ended
	Jun. 30, 2024
Concentration
Concentration	Note 12 – Concentration As of June 30, 2024, and December 31, 2023, and for six months ended June 30, 2024, and 2023, customer and supplier concentrations (more than 10%) were as follows: Revenue and accounts receivable Percentage of Revenue Percentage of For the Six Months Ended Accounts Receivable June 30 June 30 December 31 2024 2023 2024 2023 Customer A 19.36 % - - Customer B 17.56 % - 17.00 % - Customer C 13.97 % - 13.52 % - Customer D 25.08 % - 24.28 % 39.77 % Customer E - - 15.08 % 53.82 % Customer F - 53.01 % - - Customer G - 41.35 % - - Total (as a group) 75.97 % 94.35 % 69.87 % 93.60 % Purchase and accounts payable Percentage of Purchase Percentage of For the Six Months Ended Accounts Payable June 30 June 30 December 31 2024 2023 2024 2023 Supplier A 15.77 % 80.44 % - - Supplier B - 19.56 % - - Supplier C 59.35 % - - - Total (as a group) 75.11 % 100.00 % - - To reduce risk, the Company closely monitors the amounts due from its customers and assesses the financial strength of its customers through a variety of methods that include, but are not limited to, engaging directly with customer operations and leadership personnel, visiting customer locations to observe operating activities, and assessing customer longevity and reputation in the marketplace. As a result, the Company believes that its accounts receivable credit risk exposure is limited.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events
Subsequent Events	Note 13 – Subsequent Events Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, unless noted below, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements. During July and August 2024, the Company issued senior convertible notes (together, the “Convertible Notes”). The Convertible Notes bear interest at an annualized rate of 10%. The Convertible Notes mature twelve (12) months after the original issue date of the Convertible Notes, whereupon all outstanding principal and accrued interest is due to the holders of the Convertible Notes. The Convertible Notes include a conversion feature. The Conversion price is the lesser of (i) $0.40 or (ii) a 30% discount to the price of shares issued in connection with a Qualified Financing. Qualified Financing means the Company’s sale of its common stock pursuant to a registration statement filed with and declared effective by the commission and the listing of the common stock in connection with an uplist to a national securities exchange. In the event that, prior to the maturity date, the VWAP per share of Company common stock does not trade below $1.50 for thirty (30) consecutive trading days, then, subject to the limitations on conversion, this Convertible Notes shall automatically convert on the next trading day immediately following the trading period into the number of shares of Company common stock determined by dividing the conversion amount by the conversion price. In connection with the issuance of the Convertible Notes, the Company issued common stock purchase warrants to the holders of the Convertible Notes (the “Warrants”). The Warrants give the holders the right, but not the obligation, to purchase shares of the Company. The exercise price of the Warrants is $0.50 per share. The Warrants expire five (5) years from the issue date. · The Company issued convertible notes and warrant, in July and August 2024 for $1,171,000, of which $695,000 was advanced on or before June 30, 2024 (Note 9)

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
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/A, for the year ended December 31, 2023, as filed with the SEC on July 30, 2024.
Principles of Consolidation	The consolidated financial statements include the accounts of General Enterprise Ventures, Inc., and its wholly owned subsidiaries, Mighty Fire Breaker, LLC, an Ohio Limited Liability company and GEVI Insurance Holdings Inc., an Ohio corporation. Intercompany transactions and balances have been eliminated.
Restatement	For the three and six months ended June 30, 2023, the company restated the Consolidated Financial Statements for the calculation of amortization on intangible assets. The impact on the Consolidated Statement of Operations and Comprehensive Loss of the restatement is as follows: Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 As Filed Adjustment As Restated As Filed Adjustment As Restated Amortization and depreciation $ 267 $ 61,812 $ 62,079 531 123,624 124,155 Total operating expense $ 378,936 $ 61,812 $ 440,748 774,113 123,624 897,737 Loss from operations $ (355,474 ) $ (61,812 ) $ (417,286 ) (708,910 ) (123,624 ) (832,534 ) Net loss $ (356,058 ) $ (61,812 ) $ (417,870 ) (709,669 ) (123,624 ) (833,293 ) The impact on the Consolidated Statement of Cash Flows of the restatement is as follows: Six Months Ended June 30,2023 As Filed Adjustment As Restated Cash Flows from Operating Activities: Net loss $ (709,669 ) $ (123,624 ) $ (833,293 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 531 123,624 124,155 Net Cash used in Operating Activities $ (423,890 ) $ - $ (423,890 ) The impact on the Consolidated Statement of Stockholders’ Equity of the restatement is as follows: June 30, 2023 As Filed Adjustment As Restated Stockholders' equity: Accumulated deficit $ (60,091,069 ) $ (123,624 ) $ (60,214,693 ) Total stockholders' equity $ 2,965,449 $ (123,624 ) $ 2,841,825
Reclassification	For the three and six months ended June 30, 2023, certain amounts have been reclassified to improve the clarity and comparability of the Consolidated Financial Statements. An adjustment has been made to the Consolidated Statements of Operations and Comprehensive Loss and for the three and six months ended June 30,2023, to reclassify partial operating expenses to cost of revenue, and to separately disclose professional service provided by related party from line-item professional service to professional fees- related party. The impact on the Consolidated Statement of Operations and Comprehensive Loss, with no change to the restated loss from operations or net loss, respectively, as follows: Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 As Filed and Restated (*) Adjustment As Reclassified As Filed and Restated (*) Adjustment As Reclassified Cost of revenue $ 4,893 $ (4,893 ) $ - $ 18,747 $ (18,747 ) $ - Operating Expenses Cost of revenue (exclusive of amortization and depreciation shown separately below) - 28,576 28,576 - 68,351 68,351 Amortization and depreciation 62,079 - 62,079 124,155 - 124,155 General and administration 114,151 (37,265 ) 76,886 213,935 (62,257 ) 151,678 Marketing - 28,217 28,217 - 39,818 39,818 Professional fees- related party - 84,365 84,365 - 156,835 156,835 Professional fees 264,518 (99,000 ) 165,518 559,647 (184,000 ) 375,647 Total operating expenses $ 440,748 $ 4,893 $ 445,641 $ 897,737 $ 18,747 $ 916,484 Loss from Operations $ (417,286 ) $ - $ (417,286 ) $ (832,534 ) $ - $ (832,534 ) (*) Originally as filed for June 30, 2023, and restated for the change for amortization of intangible assets.
Use of Estimates	The preparation of financial statements in conformity with 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 at June 30, 2024 and December 31, 2023. The Company had cash of $546,555 and $549,755 at June 30, 2024 and December 31, 2023, respectively. Periodically, the Company may carry cash balances at financial institutions in excess of the federally insured limit of $250,000 per institution. The amount in excess of the FDIC insurance as of June 30, 2024, was $296,555. The Company has not experienced losses on these accounts and management believes, based upon the quality of the financial institutions, that the credit risk with regard to these deposits is not significant.
Accounts Receivable	Trade accounts receivable is 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. As of June 30, 2024, and December 31, 2023, the Company had no allowance for doubtful accounts.
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 June 30, 2024, and December 31, 2023, the Company held inventories of $192,081 and $230,197, respectively. The Company did not write-off any inventories as unsalable during the six months ended June 30, 2024, and 2023.
Deferred Offering Costs	Pursuant to ASC 340-10-S99-1, costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. Deferred offering costs consist of underwriting, legal, accounting, and other expenses incurred through the balance sheet date that are directly related to the proposed public offering. Should the proposed public offering prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be expensed. As of June 30, 2024 and December 31, 2023, deferred offering costs consisted of the following: June 30 December 31 2024 2023 Legal fees $ 34,675 $ -
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, accounts receivable, prepaid expenses, accounts payable and accrued liabilities, due to related parties and loans payable, are carried at historical cost. At June 30, 2024 and December 31, 2023, the carrying amounts of these instruments approximated their fair values because of the short-term nature of these instruments.
Revenue	The Company recognizes revenue from its contracts with customers in accordance with ASC 606 – Revenue from Contracts with Customers. Revenue related to contracts with customers is evaluated utilizing the following steps: (i) Identify the contract, or contracts, with a customer; (ii) Identify the performance obligations in the contract; (iii) Determine the transaction price; (iv) Allocate the transaction price to the performance obligations in the contract; (v) Recognize revenue when the Company satisfies a performance obligation. 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.
Cost of Revenue	For the three and six months ended June 30, 2024 and 2023, cost of revenue consists of: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Cost of inventory $ 58,529 $ 4,607 $ 134,725 $ 30,761 Freight and shipping 5,620 9,334 8,150 10,425 Consulting and advisory-related party 6,200 11,800 10,400 20,800 Royalty and sales commission-related party 19,590 2,835 62,736 6,365 Total cost of revenue $ 89,939 $ 28,576 $ 216,011 $ 68,351
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 six months ended June 30, 2024 and 2023, 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. June 30, June 30, 2024 2023 Shares Shares Convertible notes - 300,000 Convertible Series C Preferred Stock 49,059,894 18,930,320 Convertible Series A Preferred Stock (1) - 10,000,000,000 49,059,894 10,019,230,320 (1) Series A Preferred Stock was amended in March 2024 to remove the conversion feature (Note 10). For the three and six months ended June 30, 2024 and 2023, the reconciliation to net loss per common share basic and the anti-dilutive impact on net loss per share, are as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Numerator: Net loss $ (907,404 ) $ (417,870 ) $ (4,427,114 ) $ (833,293 ) Net loss - diluted $ (907,404 ) $ (417,870 ) $ (4,427,114 ) $ (833,293 ) Denominator: Weighted average common shares outstanding 36,387,315 97,350,883 64,310,131 95,766,935 Effect of dilutive shares - - - - Convertible notes - 300,000 - 300,000 Preferred stock 50,559,528 10,018,858,616 49,059,894 10,018,930,320 Diluted 86,946,843 10,116,509,499 113,370,025 10,114,997,255 Net loss per common share: Basic $ (0.02 ) $ (0.00 ) $ (0.07 ) $ (0.01 ) Diluted $ (0.01 ) $ (0.00 ) $ (0.04 ) $ (0.00 )
Recently Issued Accounting Pronouncements	In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures ("ASU 2023-09"), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company prospectively to all annual periods beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact this update will have on our consolidated financial statements and disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), which require public companies disclose significant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures about a reportable segment's profit or loss and assets that are currently required annually. The guidance is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The guidance is applied retrospectively to all periods presented in the financial statements, unless it is impracticable. We are currently evaluating the impact this update will have on our consolidated financial statements and disclosures. We have evaluated all other recently issued, but not yet effective, accounting pronouncements and do not believe that these accounting pronouncements will have any material impact on our consolidated financial statements or disclosures upon adoption.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies
Schedule of Consolidated Statement of Operations and Comprehensive Loss of restatement	Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 As Filed Adjustment As Restated As Filed Adjustment As Restated Amortization and depreciation $ 267 $ 61,812 $ 62,079 531 123,624 124,155 Total operating expense $ 378,936 $ 61,812 $ 440,748 774,113 123,624 897,737 Loss from operations $ (355,474 ) $ (61,812 ) $ (417,286 ) (708,910 ) (123,624 ) (832,534 ) Net loss $ (356,058 ) $ (61,812 ) $ (417,870 ) (709,669 ) (123,624 ) (833,293 )
Schedule of Consolidated Statement of Cash Flows of restatement	Six Months Ended June 30,2023 As Filed Adjustment As Restated Cash Flows from Operating Activities: Net loss $ (709,669 ) $ (123,624 ) $ (833,293 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 531 123,624 124,155 Net Cash used in Operating Activities $ (423,890 ) $ - $ (423,890 )
Schedule of Consolidated Statement of Stockholders' Equity of restatement	June 30, 2023 As Filed Adjustment As Restated Stockholders' equity: Accumulated deficit $ (60,091,069 ) $ (123,624 ) $ (60,214,693 ) Total stockholders' equity $ 2,965,449 $ (123,624 ) $ 2,841,825
Schedule of Restated loss from operations or net loss	Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 As Filed and Restated (*) Adjustment As Reclassified As Filed and Restated (*) Adjustment As Reclassified Cost of revenue $ 4,893 $ (4,893 ) $ - $ 18,747 $ (18,747 ) $ - Operating Expenses Cost of revenue (exclusive of amortization and depreciation shown separately below) - 28,576 28,576 - 68,351 68,351 Amortization and depreciation 62,079 - 62,079 124,155 - 124,155 General and administration 114,151 (37,265 ) 76,886 213,935 (62,257 ) 151,678 Marketing - 28,217 28,217 - 39,818 39,818 Professional fees- related party - 84,365 84,365 - 156,835 156,835 Professional fees 264,518 (99,000 ) 165,518 559,647 (184,000 ) 375,647 Total operating expenses $ 440,748 $ 4,893 $ 445,641 $ 897,737 $ 18,747 $ 916,484 Loss from Operations $ (417,286 ) $ - $ (417,286 ) $ (832,534 ) $ - $ (832,534 )
Schedule of deferred offering costs	June 30 December 31 2024 2023 Legal fees $ 34,675 $ -
Schedule of cost of revenue	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Cost of inventory $ 58,529 $ 4,607 $ 134,725 $ 30,761 Freight and shipping 5,620 9,334 8,150 10,425 Consulting and advisory-related party 6,200 11,800 10,400 20,800 Royalty and sales commission-related party 19,590 2,835 62,736 6,365 Total cost of revenue $ 89,939 $ 28,576 $ 216,011 $ 68,351
Schedule of Antidilutive Securities	June 30, June 30, 2024 2023 Shares Shares Convertible notes - 300,000 Convertible Series C Preferred Stock 49,059,894 18,930,320 Convertible Series A Preferred Stock (1) - 10,000,000,000 49,059,894 10,019,230,320
Schedule of Reconcilation to net loss pe common share	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Numerator: Net loss $ (907,404 ) $ (417,870 ) $ (4,427,114 ) $ (833,293 ) Net loss - diluted $ (907,404 ) $ (417,870 ) $ (4,427,114 ) $ (833,293 ) Denominator: Weighted average common shares outstanding 36,387,315 97,350,883 64,310,131 95,766,935 Effect of dilutive shares - - - - Convertible notes - 300,000 - 300,000 Preferred stock 50,559,528 10,018,858,616 49,059,894 10,018,930,320 Diluted 86,946,843 10,116,509,499 113,370,025 10,114,997,255 Net loss per common share: Basic $ (0.02 ) $ (0.00 ) $ (0.07 ) $ (0.01 ) Diluted $ (0.01 ) $ (0.00 ) $ (0.04 ) $ (0.00 )

Equipment (Tables)

Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Equipment
Summary of Property Plant and Equipment	June 30, December 31, 2024 2023 Cost: Furniture and equipment $ 9,366 $ 9,365 Less: accumulated depreciation (3,001 ) (2,066 ) Property and equipment, net $ 6,365 $ 7,299
Summary of Depreciation	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Depreciation $ 274 $ 267 $ 934 $ 531

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible assets
Schedule of Finite Lived Intangible Assets	June 30, December 31 2024 2023 Patents $ 4,195,353 $ 4,195,353 Accumulated amortization (372,913 ) (247,247 ) Intangible assets, net $ 3,822,440 $ 3,948,106
Schedule of Estimated Future Amortization Expense for Finite Lived Intangibles	December 31, 2024 (excluding the six months ended June 30, 2024) $ 122,949 2025 247,931 2026 247,931 2027 247,931 2028 247,931 Thereafter 2,707,767 $ 3,822,440
Schedule of Amortization Expense	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Amortization $ 62,491 $ 61,812 $ 125,666 $ 123,624

Lease (Tables)

Lease (Tables)	6 Months Ended
	Jun. 30, 2024
Lease
Summary of Right-of-use Asset and Lease Information	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 The components of lease expense were as follows: Operating lease cost $ 21,498 $ 15,000 $ 42,996 $ 30,000 Short-term lease cost 17,348 717 20,041 3,468 Variable lease cost 11,582 3,900 11,282 7,800 Total lease cost $ 50,428 $ 19,617 $ 74,319 $ 41,268 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2024 2023 Cash paid for operating cash flows from operating leases $ 54,278 $ 37,800 Weighted-average remaining lease term - operating leases (year) 1.08 0.17 Weighted-average discount rate — operating leases 6.50 % 5.50 %
Summary of supplemental balance sheet information	June 30, December 31, 2024 2023 Operating lease right-of-use asset $ 90,164 $ 129,683 Operating lease liabilities: Current portion $ 83,998 $ 80,136 Non-current portion 7,266 50,047 $ 91,264 $ 130,183
Schedule of maturities of lease liabilities	Year ending December 31, 2024 (excluding the six months ended June 30, 2024) $ 43,396 2025 50,862 Thereafter - 94,258 Less: Imputed interest (2,994 ) Operating lease liabilities $ 91,264

Convertible Note (Tables)

Convertible Note (Tables)	6 Months Ended
	Jun. 30, 2024
Convertible Note
Summary of Funds received from the Lender	Principal Interest June 30, December 31, Payment date Amount Maturity date Rate 2024 2023 August 11, 2022 $ 18,000 2/11/2023 2 % $ - $ 18,000 September 2, 2022 $ 17,000 3/2/2023 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 $ - $ -

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions
Summary of related parties that had material transactions	Related Party Nature of Relationship to the Company A An Ohio Corporation – a significant shareholder B Owner of related party A C Chief Executive Officer (CEO) of the Company D A California Corporation owned by related party E E Significant shareholder F MFB Ohio board advisor G MFB Ohio board advisor H MFB Ohio board advisor I MFB Ohio board advisor J MFB Ohio board advisor K MFB Ohio board advisor
Schedule of related party debt	June 30, December 31, Related Party 2024 2023 A $ 839,377 $ 897,197 B 411,880 411,880 $ 1,251,257 $ 1,309,077
Schedule of expenses to related parties and their nature	Three months ended June 30, Related Party 2024 2023 Nature of Transaction Financial Statement Line Item D $ 24,800 $ 47,200 Cash paid for consulting fees Professional fees - related party D $ 6,200 $ 11,800 Cash paid for consulting and advisory fees Cost of revenue E $ 40,410 $ 37,165 Cash paid for management fee Professional fees - related party E $ 19,590 $ 2,835 Cash paid for royalty and sales commissions Cost of revenue Six Months Ended June 30, Related Party 2024 2023 Nature of transaction Financial Statement Line Item C $ 25,000 $ - Cash paid for management fee General and administration D $ 41,600 $ 83,200 Cash paid for consulting fees Professional fees - related party D $ 10,400 $ 20,800 Cash paid for consulting and advisory fees Cost of revenue E $ 69,264 $ 73,635 Cash paid for management fee Professional fees - related party E $ 62,736 $ 6,365 Cash paid for royalty and sales commissions Cost of revenue F $ 214,950 $ - 250,000 shares of common stock issued for advisory fee Professional fees - related party G $ 429,900 $ - 500,000 shares of common stock issued for advisory fee Professional fees - related party H $ 128,970 $ - 150,000 shares of common stock issued for advisory fee Professional fees - related party I $ 214,950 $ - 250,000 shares of common stock issued for advisory fee Professional fees - related party J $ 348,000 $ - 20,000 shares of Series C preferred stock for advisory fee Professional fees - related party K $ 85,980 $ - 100,000 shares of common stock issued for advisory fee Professional fees - related party

Stockholders Equity (Tables)

Stockholders Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Stockholders Equity
Summary of Changes in Restricted Shares	Restricted Stock Award Weighted-Average Grant Price Balance, December 31, 2023 70,000,000 $ 0.03 Granted - - Vested - - Cancelled (65,000,000 ) 0.03 Balance, June 30, 2024 5,000,000 $ 0.03

Concentration (Tables)

Concentration (Tables)	6 Months Ended
	Jun. 30, 2024
Concentration
Schedule of revenue and accounts receivable	Percentage of Revenue Percentage of For the Six Months Ended Accounts Receivable June 30 June 30 December 31 2024 2023 2024 2023 Customer A 19.36 % - - Customer B 17.56 % - 17.00 % - Customer C 13.97 % - 13.52 % - Customer D 25.08 % - 24.28 % 39.77 % Customer E - - 15.08 % 53.82 % Customer F - 53.01 % - - Customer G - 41.35 % - - Total (as a group) 75.97 % 94.35 % 69.87 % 93.60 %
Schedule of Purchase and accounts payable	Percentage of Purchase Percentage of For the Six Months Ended Accounts Payable June 30 June 30 December 31 2024 2023 2024 2023 Supplier A 15.77 % 80.44 % - - Supplier B - 19.56 % - - Supplier C 59.35 % - - - Total (as a group) 75.11 % 100.00 % - -

Organization Business and Going

Organization Business and Going Concern (Details Narrative) - USD ($)		3 Months Ended				6 Months Ended
	Apr. 13, 2022	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Working capital deficiency						$ (695,357)
Revenue		$ 198,669		$ 28,355		631,687	$ 83,950
Net proceeds issuance of preferred stock and relate party loans						802,180
Net loss		(907,404)	$ (3,519,710)	$ (417,870)	$ (415,423)	(4,427,114)	$ (833,293)
Due to related parties		$ 1,251,257				$ 1,251,257		$ 1,309,077
Convertible Preferred Stock Series C | MFB California [Member]
Shares issued	1,000,000
Preferred Stock, Value	$ 4,200,000
Royalty on gross sales	10%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Amortization and depreciation	$ 62,765		$ 62,079		$ 126,600	$ 124,155
Total operating expense	1,106,073		445,641		4,175,637	916,484
Loss from Operations	(907,404)		(417,286)		(3,543,950)	(832,534)
Net loss	$ (907,404)	$ (3,519,710)	(417,870)	$ (415,423)	$ (4,427,114)	(833,293)
As Restated [Member]
Amortization and depreciation			62,079			124,155
Total operating expense			440,748			897,737
Loss from Operations			(417,286)			(832,534)
Net loss			(417,870)			(833,293)
As Filed [Member]
Amortization and depreciation			267			531
Total operating expense			378,936			774,113
Loss from Operations			(355,474)			(708,910)
Net loss			(356,058)			(709,669)
Adjustment [Member]
Amortization and depreciation			61,812			123,624
Total operating expense			61,812			123,624
Loss from Operations			(61,812)			(123,624)
Net loss			$ (61,812)			$ (123,624)

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Net loss	$ (907,404)	$ (3,519,710)	$ (417,870)	$ (415,423)	$ (4,427,114)	$ (833,293)
Net Cash used in Operating Activities					$ (768,525)	(423,890)
Adjustment [Member]
Net loss						(123,624)
Depreciation and amortization						123,624
Net Cash used in Operating Activities						0
As Restated [Member]
Net loss						(833,293)
Depreciation and amortization						124,155
Net Cash used in Operating Activities						(423,890)
As Filed [Member]
Net loss						(709,669)
Depreciation and amortization						531
Net Cash used in Operating Activities						$ (423,890)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details 2) - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Accumulated deficit	$ (73,910,780)		$ (69,483,666)
Total Stockholders' Equity	$ 3,216,346	$ 3,763,750	$ 3,635,312	$ 2,841,825	$ 3,020,095	$ 3,348,668
Adjustment [Member]
Accumulated deficit				(123,624)
Total Stockholders' Equity				(123,624)
As Restated [Member]
Accumulated deficit				(60,214,693)
Total Stockholders' Equity				2,841,825
As Filed [Member]
Accumulated deficit				(60,091,069)
Total Stockholders' Equity				$ 2,965,449

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details 3) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Amortization and depreciation	$ 62,765	$ 62,079	$ 126,600	$ 124,155
General and administration	199,459	76,886	339,927	151,678
Total operating expenses	1,106,073	445,641	4,175,637	916,484
Loss from Operations	$ (907,404)	(417,286)	$ (3,543,950)	(832,534)
Adjustment [Member]
Cost of revenue		(4,893)		(18,747)
Cost of revenue (exclusive of amortization and depreciation shown separately below)		28,576		68,351
Amortization and depreciation		0		0
Marketing		28,217		39,818
Professional fees- related party		84,365		156,835
Professional fees		(99,000)		(184,000)
Total operating expenses		4,893		18,747
Loss from Operations		0		0
General and administration		(37,265)		(62,257)
As Filed [Member]
Cost of revenue		4,893		18,747
Cost of revenue (exclusive of amortization and depreciation shown separately below)		0		0
Amortization and depreciation		62,079		124,155
Marketing		0		0
Professional fees- related party		0		0
Professional fees		264,518		559,647
Total operating expenses		440,748		897,737
Loss from Operations		(417,286)		(832,534)
General and administration		114,151		213,935
As Reclassified [Member]
Cost of revenue		0		0
Cost of revenue (exclusive of amortization and depreciation shown separately below)		28,576		68,351
Amortization and depreciation		62,079		124,155
General and administration		76,886		151,678
Marketing		28,217		39,818
Professional fees- related party		84,365		156,835
Professional fees		165,518		375,647
Total operating expenses		445,641		916,484
Loss from Operations		$ (417,286)		$ (832,534)

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details 4) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Summary of Significant Accounting Policies
Legal fees	$ 34,675	$ 0

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Details 5) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total cost of revenue	$ 89,939	$ 28,576	$ 216,011	$ 68,351
Cost of inventory [Member]
Total cost of revenue	58,529	4,607	134,725	30,761
Freight And Shipping [Member]
Total cost of revenue	5,620	9,334	8,150	10,425
Consulting and advisory - related party [Member]
Total cost of revenue	6,200	11,800	10,400	20,800
Royalty and sales commission - related party [Member]
Total cost of revenue	$ 19,590	$ 2,835	$ 62,736	$ 6,365

Summary of Significant Accou_10

Summary of Significant Accounting Policies (Details 6) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share	49,059,894	10,019,230,320
Convertible Series C Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share	49,059,894	18,930,320
Convertibles Series A Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share		10,000,000,000
Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share		300,000

Summary of Significant Accou_11

Summary of Significant Accounting Policies (Details 7) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss	$ (907,404)	$ (417,870)	$ (4,427,114)	$ (833,293)
Net loss - diluted	$ (907,404)	$ (417,870)	$ (4,427,114)	$ (833,293)
Denominator:
Weighted average common shares outstanding	36,387,315	97,350,883	64,310,131	95,766,935
Effect of dilutive shares	0	0	0	0
Convertible notes	0	300,000	0	300,000
Preferred stock	50,559,528	10,018,858,616	49,059,894	10,018,930,320
Diluted	86,946,843	10,116,509,499	113,370,025	10,114,997,255
Net loss per common share:
Net loss per common share: basic	$ (0.02)	$ 0	$ (0.07)	$ (0.01)
Net loss per common share: diluted	$ (0.01)	$ 0	$ (0.04)	$ 0

Summary of Significant Accou_12

Summary of Significant Accounting Policies (Details Narrativess) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Summary of Significant Accounting Policies
Cash	$ 546,555	$ 549,755
Inventories	192,081	$ 230,197
FDIC insurance	250,000
Federally insured limit	$ 296,555

Equipment (Details)

Equipment (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Equipment
Furniture and equipment	$ 9,366	$ 9,365
Less: accumulated depreciation	(3,001)	(2,066)
Property and equipment, net	$ 6,365	$ 7,299

Equipment (Details 1)

Equipment (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Equipment
Depreciation	$ 274	$ 267	$ 934	$ 531

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Intangible assets
Patents	$ 4,195,353	$ 4,195,353
Accumulated amortization	(372,913)	(247,247)
Intangible assets, net	$ 3,822,440	$ 3,948,106

Intangible Assets (Details 1)

Intangible Assets (Details 1)	Jun. 30, 2024 USD ($)
Intangible assets
2024 (excluding the six months ended June 30, 2024)	$ 122,949
2025	247,931
2026	247,931
2027	247,931
2028	247,931
Thereafter	2,707,767
Estimated future amortization expense for finite lived intangibles	$ 3,822,440

Intangible Assets (Details 2)

Intangible Assets (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Intangible assets
Amortization expense	$ 62,491	$ 61,812	$ 125,666	$ 123,624

Intangible Assets net (Details

Intangible Assets net (Details Narrative)	6 Months Ended
	Jun. 30, 2024
Intangible assets
Weighted-average useful life	16 years

Lease (Details)

Lease (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lease
Operating lease cost	$ 21,498	$ 15,000	$ 42,996	$ 30,000
Short-term lease cost	17,348	717	20,041	3,468
Variable lease cost	11,582	3,900	11,282	7,800
Total lease cost	$ 50,428	$ 19,617	$ 74,319	$ 41,268

Lease (Details 1)

Lease (Details 1) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Lease
Weighted-average remaining lease term - operating leases (year)	1 year 29 days	2 months 1 day
Cash paid for operating cash flows from operating leases	$ 54,278	$ 37,800
Weighted-average discount rate-operating leases	6.50%	5.50%

Lease (Details 2)

Lease (Details 2) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Lease
Operating lease right-of-use asset	$ 90,164	$ 129,683
Operating lease liability	91,264	130,183
Current portion	83,998	80,136
Non-current portion	$ 7,266	$ 50,047

Lease (Details 3)

Lease (Details 3) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Lease
2024 (excluding the six months ended June 30, 2024)	$ 43,396
2025	50,862
Thereafter	0
Operating leases, future minimum payments due	94,258
Less: Imputed interest	(2,994)
Operating lease liabilities	$ 91,264	$ 130,183

Convertible Note (Details)

Convertible Note (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Total Convertible Note		$ 54,000
Current portion		(54,000)
Long term Portion		0
Principal Amount	$ 54,000
August 11, 2022 [Member]
Total Convertible Note		18,000
Principal Amount		18,000
Interest Rate	2%
Maturity Date	2/11/2023
September 2, 2022 [Member]
Total Convertible Note		17,000
Principal Amount		17,000
Interest Rate	2%
Maturity Date	3/2/2023
April 1, 2023 [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 ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Principal amount	$ 54,000		$ 54,000
interest expenses	0	$ 584	885	$ 759
Accrued interest	1,702		1,702
Converted notes	23,400		23,400
Converted Debt	$ 103,255		103,255
COmmon share converted			$ 126,655
Conversion of stock to common stock	456,762		456,762
Convertible Note Agreement [Member]
Convertible note Interest rate			2%
Conversion price, per share			$ 0.18
Principal amount	$ 0		$ 0		$ 54,000
Accrued interest	$ 0		0		$ 1,567
interest expenses			$ 135	$ 759

Promissory Note (Details Narrat

Promissory Note (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
	Jun. 07, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Jul. 03, 2023
Accrued interest		$ 1,702		$ 1,702
Debt received from related party		1,251,257		1,251,257		$ 1,309,077
Loss on settlement of debt		0	$ 0	(882,279)	$ 0
Promissory Note Agreement [Member]
Promissory note Interest rate	5%
Accrued interest		$ 3,767		$ 3,767
Common stock shares		1,050,000		1,050,000
Promissory note Interest				$ 750	$ 0
Debt received from related party							$ 120,000
Loss on settlement of debt				779,024
Promissory Note	$ 120,000	$ 120,000		$ 120,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Due to related parties	$ 1,251,257	$ 1,309,077
Related Party B [Member]
Due to related parties	411,880	411,880
Related Party A [Member]
Due to related parties	$ 839,377	$ 897,197

Related Party Transactions (D_2

Related Party Transactions (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Related Party C [Member]
Related party expenses			$ 25,000	$ 0
Description for nature of transaction			Cash paid for management fee
Related Party D [Member]
Related party expenses	$ 24,800	$ 47,200	$ 41,600	83,200
Description for nature of transaction	Cash paid for consulting fees		Cash paid for consulting fees
Related Party D one [Member]
Related party expenses	$ 6,200	11,800	$ 10,400	20,800
Description for nature of transaction	Cash paid for consulting and advisory fees		Cash paid for consulting and advisory fees
Related Party E [Member]
Related party expenses	$ 40,410	37,165	$ 69,264	73,635
Description for nature of transaction	Cash paid for management fee		Cash paid for management fee
Related Party E one [Member]
Related party expenses	$ 19,590	$ 2,835	$ 62,736	6,365
Description for nature of transaction	Cash paid for royalty and sales commissions		Cash paid for royalty and sales commissions
Related Party F [Member]
Related party expenses			$ 214,950	0
Description for nature of transaction			250,000 shares of common stock issued for advisory fee
Related Party G [Member]
Related party expenses			$ 429,900	0
Description for nature of transaction			500,000 shares of common stock issued for advisory fee
Related Party H [Member]
Related party expenses			$ 128,970	0
Description for nature of transaction			150,000 shares of common stock issued for advisory fee
Related Party I [Member]
Related party expenses			$ 214,950	0
Description for nature of transaction			250,000 shares of common stock issued for advisory fee
Related Party J [Member]
Related party expenses			$ 348,000	0
Description for nature of transaction			20,000 shares of Series C preferred stock for advisory fee
Related Party K [Member]
Related party expenses			$ 85,980	$ 0
Description for nature of transaction			100,000 shares of common stock issued for advisory fee

Related Party Transactions (D_3

Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Repayment of related party debt	$ 60,000	$ 0
Operational Purpose [Member] | Related Party A [Member]
Advance from related party	2,180	200,836
Working Capital Purpose [Member] | Related Party A [Member]
Advance from related party	0	275,000
Repayment of related party debt	$ 60,000	$ 0

Advances for Convertible Note_2

Advances for Convertible Notes to be Issued (Details Narrative)	6 Months Ended
	Jun. 30, 2024 USD ($)
Advances for Convertible Notes to be Issued
Proceeds from issuance of convertible promissory notes and warrants	$ 695,000

Stockholders Equity (Details)

Stockholders Equity (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Stockholders Equity
Restricted Shares Outstanding, Beginning Balance | shares	70,000,000
Restricted Shares, Cancelled | shares	(65,000,000)
Restricted Shares Outstanding, Ending Balance | shares	5,000,000
Weighted Average Grant Price, Beginning Balance	$ 0.03
Weighted Average Grant Price, Granted	0
Weighted Average Grant Price, Vested	0
Weighted Average Grant Price, Cancelled	0.03
Weighted Average Grant Price, Ending Balance	$ 0.03

Stockholders Equity (Details Na

Stockholders Equity (Details Narrative)	3 Months Ended				6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 shares	Jun. 30, 2023 shares	Mar. 31, 2023 shares	Jun. 30, 2024 USD ($) integer $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Apr. 22, 2024 shares	Nov. 01, 2022 shares
Common stock, shares authorized	1,000,000,000				1,000,000,000	1,000,000,000
Common stock, shares issued	36,552,150				36,552,150	97,545,388
Common stock, par value | $ / shares	$ 0.0001				$ 0.0001	$ 0.0001
Restricted share issued | $					$ 70,000,000
Stock cancelled					65,000,000
Advisory And Consulting Agreement
Common stock, shares issued	500,000				500,000	500,000
Compensation common shares							250,000
Common stock, valued shares	250,000				250,000
Common stock, shares value not issued | $	$ 200,000				$ 200,000
Common stock to be issued | $	290,000				290,000	$ 180,000
Subscription Arrangement [Member]
Subscription received - shares to be issued | $					$ 500,000	$ 500,000
Common stock issued upon conversion of Preferred C stock					183,332
Board of Director
Issuance of restricted stock award						70,000,000
Common stock, shares issued								250,000
Common stock, shares issued during period					250,000
Subscription received - shares to be issued | $					$ 500,000
Common stock to be issued | $	$ 90,000				$ 90,000
Stock cancelled					65,000,000	2,100,000
Convertible Series C Preferred Stock [Member]
Issuance Of Convertible Series C Preferred Stock					50,000
Preferred Shares [Member]
Preferred stock share authorized	15,000,000				15,000,000	15,000,000
Preferred stock share par value | $ / shares	$ 0.0001				$ 0.0001	$ 0.0001
Series A Convertible Preferred Stock [Member]
Preferred stock share authorized						10,000,000
Share designate to preferred stock description					On March 29, 2024, the Company amended and restated its Series A Convertible Preferred Stock to designate 10,000,000 shares of its Preferred Stock as Series A Preferred Stock, par value $0.0001, with the following rights and privileges
Convertible Preferred Stock Series C
Preferred stock share authorized	5,000,000				5,000,000	5,000,000
Preferred stock, shares issued	2,546,831				2,546,831	2,273,499
Stock issued during period, share					273,332
Conversion of preferred stock					183,332
Stock subscriptions received | $					$ 696,000
Stock payable | $					$ 500,000
Issuance Of Convertible Series C Preferred Stock					165,000
Subscription received - shares to be issued | $					$ 500,000
Shares were not yet issued						183,332
Series A Preferred Stock [Member]
Preferred stock, shares issued	10,000,000				10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000				10,000,000	10,000,000
Voting of stockholders voting rights | integer					1,000
Common Stock
Common stock issued for services, shares	250,000	2,000,000	300,000	300,000	2,250,000
Common stock issued for services, amount | $					$ 1,862,000
Settlement debt | $	$ 1,085,148				$ 1,085,148
Common stock cancelled	65,000,000				65,000,000
Issuance of restricted stock award	250,000				250,000
Common stock, shares issued	36,552,150				36,552,150	97,545,388
Common stock issued upon conversion of Preferred C stock					4,006,762

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - shares	1 Months Ended	6 Months Ended
	Apr. 22, 2024	Jun. 30, 2024
Royalties, Percentage		10%
Advisory And Consulting Agreement
Description of agreement	the Company entered into an advisory and consulting agreement for a period of 12 months with monthly fees of $14,500, success fees of 4.5% of the total value of any non-financing contract, finder fees of 4.5% of total value of the financing transactions
Compensation common shares	250,000

Concentration (Details)

Concentration (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenue Customer A Member
Concentration Risk, Percentage	19.36%
Revenue Customer B Member
Concentration Risk, Percentage	17.56%
Revenue Customer C Member
Concentration Risk, Percentage	13.97%
Revenue Customer D Member
Concentration Risk, Percentage	25.08%
Accounts Receivable Customer B Member
Concentration Risk, Percentage	17%
Accounts Receivable Customer C Member
Concentration Risk, Percentage	13.52%
Accounts Receivable Customer D Member
Concentration Risk, Percentage	24.28%		39.77%
Accounts Receivable Member
Concentration Risk, Percentage	69.87%		93.60%
Revenue Customer F Member
Concentration Risk, Percentage		53.01%
Revenue Customer G Member
Concentration Risk, Percentage		41.35%
Accounts Receivable Customer E Member
Concentration Risk, Percentage	15.08%		53.82%
Revenue Member
Concentration Risk, Percentage	75.97%	94.35%

Concentration (Details 1)

Concentration (Details 1)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Purchase Member
Concentration	75.11%	100%
Accounts Payble Member
Concentration	0%		0%
Supplier Customer A Member | Purchase Member
Concentration	15.77%	80.44%
Supplier Customer A Member | Accounts Payble Member
Concentration	0%		0%
Supplier Customer B Member | Purchase Member
Concentration		19.56%
Supplier Customer B Member | Accounts Payble Member
Concentration	0%		0%
Supplier Customer C Member | Purchase Member
Concentration	59.35%
Supplier Customer C Member | Accounts Payble Member
Concentration	0%		0%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended
	Aug. 14, 2024	Jun. 30, 2024
July And August 2024 [Member]
Issuance of convertible notes		$ 1,171,000
Issuance of warrant		$ 1,171,000
Convertible Notes [Member] | Subsequent Event [Member]
Term of maturity	12 months
Conversion price description	(i) $0.40 or (ii) a 30% discount to the price of shares issued in connection with a Qualified Financing
Exercise price	$ 0.50
Expiry period of warrant after issuance	5 years
Proceeds from advance for issuance of warrants	$ 695,000
Interest rate annually	10%