Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2024 | Aug. 19, 2024 | |
Cover [Abstract] | ||
Entity Registrant Name | BIOETHICS, LTD. | |
Entity Central Index Key | 0000894560 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Small Business | true | |
Entity Shell Company | true | |
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 | 1,135,194 | |
Entity File Number | 33-55254-41 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 87-0485312 | |
Entity Address Address Line 1 | 1661 Lakeview Circle | |
Entity Address City Or Town | Ogden | |
Entity Address State Or Province | UT | |
Entity Address Postal Zip Code | 84403 | |
City Area Code | 801 | |
Local Phone Number | 399-3632 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Interactive Data Current | Yes |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 10,168 | $ 138 |
Total Current Assets | 10,168 | 138 |
TOTAL ASSETS | 10,168 | 138 |
CURRENT LIABILITIES | ||
Accounts payable | 150,679 | 122,400 |
Accounts payable - related party | 2,500 | 14,500 |
Accrued interest - related parties | 108,268 | 98,406 |
Accrued interest | 108,887 | 98,363 |
Convertible notes payable | 35,000 | 35,000 |
Notes payable | 190,000 | 160,000 |
Notes payable - related parties | 266,684 | 247,734 |
Total Current Liabilities | 862,018 | 776,403 |
TOTAL LIABILITIES | 862,018 | 776,403 |
STOCKHOLDERS' DEFICIT | ||
Preferred stock, $0.01 par value; 25,000,000 shares authorized, -0- shares issued and outstanding | 0 | 0 |
Common stock, $0.001 par value; 250,000,000 shares authorized, 1,135,194 shares issued and outstanding | 1,135 | 1,135 |
Additional paid-in capital | 500,479 | 500,479 |
Accumulated deficit | (1,353,464) | (1,277,879) |
Total Stockholders' Deficit | (851,850) | (776,265) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 10,168 | $ 138 |
Condensed Balance Sheets Parent
Condensed Balance Sheets Parenthetical - $ / shares | Jun. 30, 2024 | Dec. 31, 2023 |
Condensed Balance Sheets | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 |
Preferred Stock, Shares Authorized | 25,000,000 | 25,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 |
Common Stock, Shares, Issued | 1,135,194 | 1,135,194 |
Common Stock, Shares, Outstanding | 1,135,194 | 1,135,194 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Condensed Statements of Operations (Unaudited) | ||||
NET REVENUES | $ 0 | $ 0 | $ 0 | $ 0 |
OPERATING EXPENSES | ||||
General and administrative | 22,979 | 14,812 | 50,200 | 26,839 |
Total Operating Expenses | 22,979 | 14,812 | 50,200 | 26,839 |
LOSS FROM OPERATIONS | (22,979) | (14,812) | (50,200) | (26,839) |
OTHER INCOME (EXPENSES) | ||||
Interest expense | (12,953) | (11,998) | (25,385) | (23,607) |
Total Other Income (Expenses) | (12,953) | (11,998) | (25,385) | (23,607) |
NET LOSS BEFORE INCOME TAXES | (35,932) | (26,810) | (75,585) | (50,446) |
PROVISION FOR INCOME TAXES | 0 | 0 | 0 | 0 |
NET LOSS | $ (35,932) | $ (26,810) | $ (75,585) | $ (50,446) |
BASIC AND DILUTED LOSS PER SHARE | $ (0.03) | $ (0.02) | $ (0.07) | $ (0.04) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 1,135,194 | 1,135,194 | 1,135,194 | 1,135,194 |
Condensed Statements of Stockho
Condensed Statements of Stockholders Deficit (Unaudited) - USD ($) | Total | Common Stock | Additional Paid-In Capital | Retained Earnings (Accumulated Deficit) |
Balance, shares at Dec. 31, 2022 | 1,135,914 | |||
Balance, amount at Dec. 31, 2022 | $ (679,116) | $ 1,135 | $ 500,479 | $ (1,180,730) |
Net Income (Loss) | (23,636) | $ 0 | 0 | (23,636) |
Balance, shares at Mar. 31, 2023 | 1,135,914 | |||
Balance, amount at Mar. 31, 2023 | (702,752) | $ 1,135 | 500,479 | (1,204,366) |
Balance, shares at Dec. 31, 2022 | 1,135,914 | |||
Balance, amount at Dec. 31, 2022 | (679,116) | $ 1,135 | 500,479 | (1,180,730) |
Net Income (Loss) | (50,446) | |||
Balance, shares at Jun. 30, 2023 | 1,135,914 | |||
Balance, amount at Jun. 30, 2023 | (729,562) | $ 1,135 | 500,479 | (1,231,176) |
Balance, shares at Mar. 31, 2023 | 1,135,914 | |||
Balance, amount at Mar. 31, 2023 | (702,752) | $ 1,135 | 500,479 | (1,204,366) |
Net Income (Loss) | (26,810) | $ 0 | 0 | (26,810) |
Balance, shares at Jun. 30, 2023 | 1,135,914 | |||
Balance, amount at Jun. 30, 2023 | (729,562) | $ 1,135 | 500,479 | (1,231,176) |
Balance, shares at Dec. 31, 2023 | 1,135,914 | |||
Balance, amount at Dec. 31, 2023 | (776,265) | $ 1,135 | 500,479 | (1,277,879) |
Net Income (Loss) | (39,653) | $ 0 | 0 | (39,653) |
Balance, shares at Mar. 31, 2024 | 1,135,914 | |||
Balance, amount at Mar. 31, 2024 | (815,918) | $ 1,135 | 500,479 | (1,317,532) |
Balance, shares at Dec. 31, 2023 | 1,135,914 | |||
Balance, amount at Dec. 31, 2023 | (776,265) | $ 1,135 | 500,479 | (1,277,879) |
Net Income (Loss) | (75,585) | |||
Balance, shares at Jun. 30, 2024 | 1,135,914 | |||
Balance, amount at Jun. 30, 2024 | (851,850) | $ 1,135 | 500,479 | (1,353,464) |
Balance, shares at Mar. 31, 2024 | 1,135,914 | |||
Balance, amount at Mar. 31, 2024 | (815,918) | $ 1,135 | 500,479 | (1,317,532) |
Net Income (Loss) | (35,932) | $ 0 | 0 | (35,932) |
Balance, shares at Jun. 30, 2024 | 1,135,914 | |||
Balance, amount at Jun. 30, 2024 | $ (851,850) | $ 1,135 | $ 500,479 | $ (1,353,464) |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (75,585) | $ (50,446) |
Changes in operating assets and liabilities: | ||
Accounts payable | 28,279 | 11,417 |
Accounts payable - related party | (12,000) | 3,000 |
Accrued interest - related parties | 9,862 | 13,293 |
Accrued interest | 10,524 | 10,314 |
Net Cash Used by Operating Activities | (38,920) | (12,422) |
CASH FLOWS FROM INVESTING ACTIVITIES | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from notes payable | 30,000 | 0 |
Proceeds from notes payable - related parties | 18,950 | 12,600 |
Net Cash Provided by Financing Activities | 48,950 | 12,600 |
INCREASE IN CASH AND CASH EQUIVALENTS | 10,030 | 178 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 138 | 295 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 10,168 | 473 |
SUPPLEMENTAL DISCLOSURES: | ||
Cash paid for interest | 5,000 | 0 |
Cash paid for income taxes | $ 0 | $ 0 |
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 1 ‑ SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization - Bioethics, Ltd. (“the Company”) was organized under the laws of the State of Nevada on July 26, 1990. The Company was organized to provide a vehicle for participating in potentially profitable business ventures which may become available through the personal contacts of and at the complete discretion of the Company’s officers and directors. The Company has not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors. The accompanying financial statements are condensed and have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for the six months ended June 30, 2024 and 2023 have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2023 audited financial statements. The results of operations for the six months ended June 30, 2024 are not necessarily indicative of the operating results for the full year. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2024 | |
RELATED PARTY TRANSACTIONS | |
RELATED PARTY TRANSACTIONS | NOTE 2 ‑ RELATED PARTY TRANSACTIONS Management Compensation - During the six months ended June 30, 2024 and 2023, the Company did not pay any compensation to its officers and directors. Beginning August 2017, the Company entered into an oral agreement to pay the Company’s President $500 per month as payment for use of his personal residence as the Company’s office and mailing address. The Company has recorded rent expense of $3,000 during each of the six months ended June 30, 2024 and 2023, which is included in the general and administrative expenses on the statements of operations. The amount payable at December 31, 2023 was $14,500. During the six months ended June 30, 2024, the Company paid 15,000, resulting in $2,500 payable at June 30, 2024. On March 8, 2018, the Company entered into a promissory note with a newly-affiliated party in the amount of $43,250. The note is payable on demand and carries interest at 10% per annum. Interest expense for the six months ended June 30, 2024 and 2023 was $2,151 and $2,145, respectively, resulting in accrued interest of $27,307 and $25,156 at June 30, 2024 and December 31, 2023, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $43,250. On December 12, 2017, the Company entered into a promissory note with its President in the amount of $107,000. On various dates from the origin of the note through December 31, 2023, the officer advanced the Company an additional $118,170, and the Company made payments of $20,686, resulting in the total note principal balance of $204,484 at December 31, 2023. During the six months ended June 30, 2024 and 2023, the Company received an additional $18,950 and $12,600, respectively, and did not make any repayments of the principal balance resulting in the total note principal balance of $223,434 at June 30, 2024. The cumulative note balance is uncollateralized, due on demand, and carries interest at 12% per annum. Interest expense on the note for the six months ended June 30, 2024 and 2023 was $12,711 and $11,148, respectively, of which the Company repaid $5,000 during the six months ended June 30, 2024, resulting in accrued interest totaling $80,961 and $73,250 at June 30, 2024 and December 31, 2023, respectively. |
NOTES PAYABLE
NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2024 | |
NOTES PAYABLE | |
NOTES PAYABLE | NOTE 3 - NOTES PAYABLE On June 14, 2016, the Company issued a promissory note in the principal amount of $35,000 to an unaffiliated lender. The Note is due on demand at any time after its original maturity date of June 14, 2017, and carries an interest rate of 8% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $1,392 and $1,388, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $22,534 and $21,142, respectively. Principal balance due on the note at June 30, 2024 and December 31, 2023 was $35,000. On August 15, 2018, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note was due on November 15, 2018, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $597 and $595, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $6,304 and $5,707, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $10,000. On November 15, 2018, the Company issued a promissory note in the principal amount of $20,000 to an unaffiliated lender. The Note was due on February 15, 2019, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $1,193 and $1,190, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $12,608 and $11,415, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $20,000. On December 31, 2018, the Company issued a promissory note in the principal amount of $30,000 to an unaffiliated lender. The Note was due on December 31, 2019, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $1,790 and $1,785, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $18,912 and $17,122, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $30,000. On January 23, 2019, the Company issued a promissory note in the principal amount of $50,000 to an unaffiliated lender. The Note was due on January 23, 2022, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $2,984 and $2,975, respectively, resulting in accrued interest at June 30, 2024and December 31, 2023 of $31,521 and $28,537, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $50,000. On May 1, 2020, the Company issued a promissory note in the principal amount of $5,000 to an unaffiliated lender. The Note was due on May 1, 2022 and is now due on demand and carries an interest rate of 12% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $298 and $298, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $2,490 and $2,191, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $5,000. On April 18, 2022, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note was due on April 18, 2023 and is now due on demand and carries an interest rate of 8% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $398 and $397, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $1,761 and $1,363, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $10,000. On May 9, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on May 9, 2025 and carries an interest rate of 10% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $142 and $-0-, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $142 and $-0-, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $10,000. On June 21, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on June 21, 2025 and carries an interest rate of 10% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $25 and $-0-, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $25 and $-0-, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $10,000. On June 25, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on June 25, 2025 and carries an interest rate of 10% per annum. Interest expense for the six months ended June 30, 2024 and 2023 totaled $14 and $-0-, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $14 and $-0-, respectively. Principal balance on the note at June 30, 2024 and December 31, 2023 was $10,000. |
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2024 | |
CONVERTIBLE NOTES PAYABLE | |
CONVERTIBLE NOTES PAYABLE | NOTE 4 – CONVERTIBLE NOTES PAYABLE On December 18, 2019, the Company issued a convertible promissory note in the original principal amount of $10,000 to a lender. The Note was due on June 18, 2020, is currently in default, and carries an interest rate of 8% per annum. The Note is due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of common stock of the Company at a conversion rate of $2.00 per share. The Company recognized a beneficial conversion feature and recorded a debt discount in the amount of $4,000, which was amortized over the life of the promissory note. At June 30, 2024 and December 31, 2023, the unamortized debt discount was $-0-, and the net convertible note balance was $10,000. The amortization of debt discount was $- 0- during the six months ended June 30, 2024 and June 30, 2023. Interest expense for the six months ended June 30, 2024 and 2023totaled $597 and $595, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $3,827 and $3,231, respectively. Principal balance on the note at June 30, 2024and December 31, 2023 was $10,000. On June 9, 2020, the Company issued a convertible promissory note in the original principal amount of $10,000 to a lender. The Note was due on June 9, 2021, is currently in default, and carries an interest rate of 10% per annum. The Note is due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of common stock of the Company at a conversion rate of $2.50 per share. The Company recognized a beneficial conversion feature and recorded a debt discount in the amount of $6,200, which was amortized over the life of the promissory note. At June 30, 2024 and December 31, 2023, the unamortized debt discount was $- 0, and the net convertible note balance was $10,000. The amortization of debt discount was $- 0- during the six months ended June 30, 2024 and 2023, respectively. Interest expense for the six months ended June 30, 2024 and 2023 totaled $497 and $496, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $4,059 and $3,562. Principal balance on the note at June 30, 2024 and December 31, 2023 was $10,000. On August 3, 2020, the Company issued a convertible promissory note in the original principal amount of $15,000 to a lender. The Note was due on August 3, 2021, is currently in default, and carries an interest rate of 8% per annum. The Note is due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of common stock of the Company at a conversion rate of $7.00 per share. The Company did not recognize a beneficial conversion feature or debt discount as the conversion price was higher than the market price at the time of issuance of the note. Interest expense for the six months ended June 30, 2024 and 2023 totaled $597 and $595, respectively, resulting in accrued interest at June 30, 2024 and December 31, 2023 of $4,690 and $4,093. Principal balance on the note at June 30, 2024 and December 31, 2023 was $15,000. |
EQUITY TRANSACTIONS
EQUITY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2024 | |
EQUITY TRANSACTIONS | |
EQUITY TRANSACTIONS | NOTE 5 – EQUITY TRANSACTIONS The Company is authorized to issue 250,000,000 shares of common stock. There were no equity transactions during the six months ended June 30, 2024 or 2023, resulting in 1,135,194 shares of common stock issued and outstanding at June 30, 2024 and December 31, 2023. |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Jun. 30, 2024 | |
GOING CONCERN | |
GOING CONCERN | NOTE 6 – GOING CONCERN The accompanying unaudited condensed financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company has incurred losses since its inception totaling $1,353,464 and has no on-going operations. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans, additional sales of its common stock, or through a possible business combination. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
LOSS PER SHARE
LOSS PER SHARE | 6 Months Ended |
Jun. 30, 2024 | |
LOSS PER SHARE | |
LOSS PER SHARE | NOTE 7 – LOSS PER SHARE The computation of basic loss per share is based on the weighted average number of shares outstanding during each period. The following data show the amounts used in computing loss per share for the six months ended: June 30, 2024 June 30, 2023 Net loss (numerator) $ (75,585 ) $ (50,446 ) Weighted average shares outstanding (denominator) 1,135,194 1,135,194 Basic and fully diluted net loss per share amount $ (0.07 ) $ (0.04 ) The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the year plus the common stock equivalents as detailed in the following chart. For the six months ended June 30, 2024 and 2023, the inclusion of these shares on the statements of operations would have resulted in a weighted average shares fully diluted number that was anti-dilutive, and as such they are excluded. The following data show the fully diluted shares for the six months ended June 30, 2024 and 2023: June 30, 2024 2023 Basic weighted average shares outstanding 1,135,194 1,135,194 Convertible debt 15,351 14,694 Total 1,150,545 1,149,888 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2024 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE 8 – SUBSEQUENT EVENTS On July 1, 2024 the Company filed with the State of Nevada for the designation of 6,000,000 shares of Series A Preferred Stock (“Series A”) with a par value of $0.01 per share. Each share of Series A has liquidation priority over any Junior Securities, is convertible into common stock at the option of the holder on a ten-for-one basis and carries no common votes unless and until converted to common stock at which time the converted shares are entitled to vote on any matter submitted to common stockholders. The Series A shares are not entitled to dividends unless and until converted to common stock at which time they would have dividend rights as common stock holders. On July 25, 2024 the Board of Directors voted to issue a total of 620,000 shares of Series A Preferred Stock, valued at approximately $3.56 per share, to eight individuals and entities. |
LOSS PER SHARE (Tables)
LOSS PER SHARE (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
LOSS PER SHARE | |
Schedule of earnings per share | June 30, 2024 June 30, 2023 Net loss (numerator) $ (75,585 ) $ (50,446 ) Weighted average shares outstanding (denominator) 1,135,194 1,135,194 Basic and fully diluted net loss per share amount $ (0.07 ) $ (0.04 ) |
Schedule of fully diluted shares | June 30, 2024 2023 Basic weighted average shares outstanding 1,135,194 1,135,194 Convertible debt 15,351 14,694 Total 1,150,545 1,149,888 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||
Dec. 31, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Mar. 08, 2018 | Dec. 12, 2017 | |
Interest expense, operating and nonoperating | $ 12,953 | $ 11,998 | $ 25,385 | $ 23,607 | |||
Proceeds from related party debt | 18,950 | 12,600 | |||||
Director [Member] | |||||||
Due to Related Parties, Current and Non Current | $ 14,500 | 15,000 | 15,000 | ||||
Operating Leases, Rent Expense | 3,000 | 3,000 | |||||
Newly Affiliated Party [Member] | |||||||
Debt instrument, face amount | $ 43,250 | ||||||
Debt instrument, interest rate, stated percentage | 10% | ||||||
Interest expense, operating and nonoperating | 2,151 | 2,145 | |||||
Accrued interest | 25,156 | 27,307 | 27,307 | ||||
Long-term debt, gross | 43,250 | 43,250 | 43,250 | ||||
Sole Officer And Director [Member] | |||||||
Due to Related Parties, Current and Non Current | 204,484 | $ 223,434 | $ 223,434 | ||||
Debt instrument, face amount | $ 107,000 | ||||||
Debt instrument, interest rate, stated percentage | 12% | 12% | |||||
Interest expense, operating and nonoperating | $ 12,711 | 11,148 | |||||
Accrued interest | 73,250 | $ 80,961 | 80,961 | ||||
Proceeds from related party debt | 118,170 | 18,950 | $ 12,600 | ||||
Repayments of related party debt | $ 20,686 | ||||||
Repayment of notes receivable from related parties | $ 5,000 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||||||||||||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 25, 2024 | Jun. 21, 2024 | May 09, 2024 | Dec. 31, 2023 | Apr. 18, 2022 | May 01, 2020 | Jan. 23, 2019 | Dec. 31, 2018 | Nov. 15, 2018 | Aug. 15, 2018 | Jun. 14, 2016 | |
Interest Expense, Operating and Nonoperating | $ 12,953 | $ 11,998 | $ 25,385 | $ 23,607 | |||||||||||
Promissory Note 1 | |||||||||||||||
Debt Instrument, Face Amount | $ 35,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 1,392 | 1,388 | |||||||||||||
Interest Payable, Current | 22,534 | 22,534 | $ 21,142 | ||||||||||||
Long Term Debt, Gross | 35,000 | 35,000 | 35,000 | ||||||||||||
Promissory Note 2 | |||||||||||||||
Debt Instrument, Face Amount | $ 10,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 597 | 595 | |||||||||||||
Interest Payable, Current | 6,304 | 6,304 | 5,707 | ||||||||||||
Long Term Debt, Gross | 10,000 | 10,000 | 10,000 | ||||||||||||
Promissory Note 3 | |||||||||||||||
Debt Instrument, Face Amount | $ 20,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 1,193 | 1,190 | |||||||||||||
Interest Payable, Current | 12,608 | 12,608 | 11,415 | ||||||||||||
Long Term Debt, Gross | 20,000 | 20,000 | 20,000 | ||||||||||||
Promissory Note 4 | |||||||||||||||
Debt Instrument, Face Amount | $ 30,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 1,790 | 1,785 | |||||||||||||
Interest Payable, Current | 18,912 | 18,912 | 17,122 | ||||||||||||
Long Term Debt, Gross | 30,000 | 30,000 | 30,000 | ||||||||||||
Promissory Note 5 | |||||||||||||||
Debt Instrument, Face Amount | $ 50,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 2,984 | 2,975 | |||||||||||||
Interest Payable, Current | 31,521 | 31,521 | 28,537 | ||||||||||||
Long Term Debt, Gross | 50,000 | 50,000 | 50,000 | ||||||||||||
Promissory Note 6 | |||||||||||||||
Debt Instrument, Face Amount | $ 5,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 298 | 298 | |||||||||||||
Interest Payable, Current | 2,490 | 2,490 | 2,191 | ||||||||||||
Long Term Debt, Gross | 5,000 | 5,000 | 5,000 | ||||||||||||
Promissory Note 8 | |||||||||||||||
Debt Instrument, Face Amount | $ 10,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 142 | 0 | |||||||||||||
Interest Payable, Current | 142 | 142 | 0 | ||||||||||||
Long Term Debt, Gross | 10,000 | 10,000 | 10,000 | ||||||||||||
Promissory Note 9 | |||||||||||||||
Debt Instrument, Face Amount | $ 10,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 25 | 0 | |||||||||||||
Interest Payable, Current | 25 | 25 | 0 | ||||||||||||
Long Term Debt, Gross | 10,000 | 10,000 | 10,000 | ||||||||||||
Promissory Note 10 | |||||||||||||||
Debt Instrument, Face Amount | $ 10,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 14 | 0 | |||||||||||||
Interest Payable, Current | 14 | 14 | 0 | ||||||||||||
Long Term Debt, Gross | 10,000 | 10,000 | 10,000 | ||||||||||||
Promissory Note 7 | |||||||||||||||
Debt Instrument, Face Amount | $ 10,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8% | ||||||||||||||
Interest Expense, Operating and Nonoperating | 398 | $ 397 | |||||||||||||
Interest Payable, Current | 1,761 | 1,761 | 1,363 | ||||||||||||
Long Term Debt, Gross | $ 10,000 | $ 10,000 | $ 10,000 |
CONVERTIBLE NOTES PAYABLE (Deta
CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Interest Expense, Operating and Nonoperating | $ 12,953 | $ 11,998 | $ 25,385 | $ 23,607 | |
A Lender | |||||
Debt Instrument, Face Amount | 10,000 | $ 10,000 | |||
Debt Instrument, Payment Terms | The Note was due on June 18, 2020, is currently in default, and carries an interest rate of 8% per annum | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | The Note is due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of common stock of the Company at a conversion rate of $2.00 per share | ||||
Debt Instrument, Unamortized Discount | 4,000 | $ 4,000 | |||
Debt Instrument, Unamortized Discount, Current | 0 | 0 | $ 0 | ||
Amortization of Debt Discount Premium | 0 | 0 | |||
Interest Expense, Operating and Nonoperating | 597 | 595 | |||
Long Term Debt, Gross | 10,000 | 10,000 | 10,000 | ||
Interest Payable, Current | 3,827 | 3,827 | 3,231 | ||
A Lender (2) | |||||
Debt Instrument, Face Amount | 10,000 | $ 10,000 | |||
Debt Instrument, Payment Terms | The Note was due on June 9, 2021, is currently in default, and carries an interest rate of 10% per annum | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | The Note is due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of common stock of the Company at a conversion rate of $2.50 per share | ||||
Debt Instrument, Unamortized Discount | 6,200 | $ 6,200 | |||
Debt Instrument, Unamortized Discount, Current | 0 | 0 | 0 | ||
Amortization of Debt Discount Premium | 0 | 0 | |||
Interest Expense, Operating and Nonoperating | 497 | 496 | |||
Long Term Debt, Gross | 10,000 | 10,000 | 10,000 | ||
Interest Payable, Current | 4,059 | 4,059 | 3,562 | ||
A Lender (3) | |||||
Debt Instrument, Face Amount | 15,000 | $ 15,000 | |||
Debt Instrument, Payment Terms | The Note was due on August 3, 2021, is currently in default, and carries an interest rate of 8% per annum | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | The Note is due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of common stock of the Company at a conversion rate of $7.00 per share | ||||
Interest Expense, Operating and Nonoperating | $ 597 | $ 595 | |||
Long Term Debt, Gross | 15,000 | 15,000 | 15,000 | ||
Interest Payable, Current | $ 4,690 | $ 4,690 | $ 4,093 |
EQUITY TRANSACTIONS (Details Na
EQUITY TRANSACTIONS (Details Narrative) - shares | Jun. 30, 2024 | Dec. 31, 2023 |
EQUITY TRANSACTIONS | ||
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 |
Common Stock, Shares, Issued | 1,135,194 | 1,135,194 |
Common Stock, Shares, Outstanding | 1,135,194 | 1,135,194 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 |
GOING CONCERN | ||
Accumulated deficit | $ (1,353,464) | $ (1,277,879) |
LOSS PER SHARE (Details)
LOSS PER SHARE (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 | |
LOSS PER SHARE | ||||||
Net loss (numerator) | $ (35,932) | $ (39,653) | $ (26,810) | $ (23,636) | $ (75,585) | $ (50,446) |
Weighted average shares outstanding (denominator) | 1,135,194 | 1,135,194 | 1,135,194 | 1,135,194 | ||
Basic and fully diluted net loss per share amount | $ (0.03) | $ (0.02) | $ (0.07) | $ (0.04) |
LOSS PER SHARE (Details 1)
LOSS PER SHARE (Details 1) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
LOSS PER SHARE | ||||
Basic weighted average shares outstanding | 1,135,194 | 1,135,194 | 1,135,194 | 1,135,194 |
Convertible debt | 15,351 | 14,694 | ||
Total | 1,150,545 | 1,149,888 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - $ / shares | Jul. 25, 2024 | Jul. 01, 2024 | Jun. 30, 2024 | Dec. 31, 2023 |
Preferred shares issued | 0 | 0 | ||
Preferred shares par value | $ 0.01 | $ 0.01 | ||
Series A Preferred Stock [Member] | Subsequent Event [Member] | ||||
Preferred shares issued | 620,000 | 6,000,000 | ||
Preferred shares par value | $ 3.56 | $ 0.01 |