Cover
Cover | 6 Months Ended |
Jun. 30, 2023 | |
Cover [Abstract] | |
Entity Registrant Name | CROWN EQUITY HOLDINGS, INC. |
Entity Central Index Key | 0001103833 |
Document Type | S-1 |
Amendment Flag | false |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Filer Category | Non-accelerated Filer |
Entity Incorporation State Country Code | NV |
Entity Tax Identification Number | 33-0677140 |
Entity Address Address Line 1 | 11226 Pentland Downs Street |
Entity Address City Or Town | Las Vegas |
Entity Address State Or Province | NV |
Entity Address Postal Zip Code | 89141 |
City Area Code | 702 |
Local Phone Number | 683-8946 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Current assets | |||
Cash | $ 3,165 | $ 2,930 | $ 4,320 |
Investments in trading securities | 0 | 588,945 | |
Total Current Assets | 3,165 | 2,930 | 593,265 |
Property and Equipment, net | 515 | 2,507 | 10,020 |
Total Assets | 3,680 | 5,437 | 603,285 |
Current liabilities | |||
Accounts payable and accrued expenses | 145,954 | 145,630 | 139,979 |
Accounts payable and accrued expenses to related party | 1,208,740 | 830,790 | |
Margin loan - Brokerage account | 0 | 263,151 | |
Notes payable to related parties | 9,500 | 3,912 | |
Convertible notes payable to related parties, net of debt discount | 30,900 | 19,028 | 18,428 |
Accounts payable and accrued expenses to related party | 1,204,830 | 1,208,740 | |
Current portion of long-term debt | 2,870 | 18,169 | |
Notes payable to related parties | 38,800 | 9,500 | |
Total Liabilities | 1,421,789 | 1,385,768 | 1,274,429 |
Non-Current liabilities | |||
Long-term debt | 0 | 2,414 | |
Total Liabilities | 1,421,789 | 1,385,768 | 1,276,843 |
Note payable short-term debt | 1,305 | 2,870 | |
Stockholders' deficit | |||
Preferred Stock, value | 0 | 0 | 0 |
Common Stock, 450,000,000 authorized at $0.001 par value; and 13,385,047 and 13,318,642 shares issued and outstanding at December 31, 2022 and 2021 | 13,384 | 13,384 | 13,318 |
Additional paid-in capital | 12,763,126 | 12,763,126 | 12,729,990 |
Accumulated deficit | (14,194,620) | (14,156,842) | (13,416,867) |
Total stockholders' deficit | (1,418,109) | (1,380,331) | (673,558) |
Total liabilities and stockholders' deficit | 3,680 | 5,437 | 603,285 |
Series A Convertible Preferred Stock [Member] | |||
Stockholders' deficit | |||
Preferred Stock, value | $ 1 | $ 1 | $ 1 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Stockholders' deficit | |||
Preferred stock, shares authorized | 20,001,000 | 20,001,000 | |
Preferred stock, shares par value | $ 0.001 | $ 0.001 | |
Common stock, shares authorized | 450,000,000 | 450,000,000 | 450,000,000 |
Common stock, shares par value | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares issued | 13,385,047 | 13,385,047 | 13,318,642 |
Common stock, shares outstanding | 13,385,047 | 13,385,047 | 13,318,642 |
Series A Convertible Preferred Stock [Member] | |||
Stockholders' deficit | |||
Preferred stock, shares authorized | 20,001,000 | 1,000 | 1,000 |
Preferred stock, shares par value | $ 0.001 | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 1,000 | 1,000 | 1,000 |
Preferred stock, shares outstanding | 1,000 | 1,000 | 1,000 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) | ||||||
Revenue | $ 0 | $ 413 | $ 0 | $ 557 | $ 785 | $ 4,177 |
Revenue - related party | 0 | 2,150 | 0 | 2,150 | 2,150 | 11,483 |
Total Revenue | 0 | 2,563 | 0 | 2,707 | 2,935 | 15,660 |
Operating expenses | ||||||
Depreciation | 996 | 2,216 | 1,992 | 4,043 | 7,513 | 5,485 |
General and Administrative | 12,010 | 122,547 | 34,314 | 250,464 | 473,999 | 507,958 |
Total Operating Expenses | 13,006 | 124,763 | 36,306 | 254,507 | 481,512 | 513,443 |
Net Operating Income (Loss) | (13,006) | (122,200) | (36,206) | (251,800) | (478,577) | (497,783) |
Other (expense) | ||||||
Interest expense | (347) | (872) | (1,472) | (1,438) | (4,213) | (5,466) |
Gain on Forgiveness of Debt | 0 | 4,101 | ||||
Debt Discount Amortization | 0 | (14,805) | ||||
Gain (Loss) on Stocks Held or Sold | 0 | (80,717) | 0 | (252,568) | (252,568) | 65,168 |
Other Income (Expense) | 0 | (1,095) | (4,616) | (4,617) | (2,008) | |
Total other expense | (347) | (82,684) | (1,472) | (258,622) | (261,398) | 46,990 |
Net (loss) | $ (13,353) | $ (204,884) | $ (37,778) | $ (510,422) | $ (739,975) | $ (450,793) |
Net (loss) per common share - basic and diluted | $ 0 | $ (0.02) | $ 0 | $ (0.04) | $ (0.06) | $ (0.03) |
Weighted average number of common shares outstanding - basic and diluted | 13,385,047 | 13,343,741 | 13,385,047 | 13,333,692 | 13,346,912 | 12,989,835 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) | Total | Preferred Stock [Member] | Common Stock [Member] | Common Stock Payable [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] |
Balance, shares at Dec. 31, 2020 | 1,000 | 12,901,753 | ||||
Balance, amount at Dec. 31, 2020 | $ (443,796) | $ 1 | $ 12,902 | $ 3,000 | $ 12,506,375 | $ (12,966,074) |
Common Stock Issued for Cash, related party, shares | 400,000 | |||||
Common Stock Issued for Cash, related party, amount | 200,000 | 0 | $ 400 | 0 | 199,600 | 0 |
Common stock issued for settlement of AP- related parties, shares | 11,504 | |||||
Common stock issued for settlement of AP- related parties, amount | 17,256 | 0 | $ 11 | 0 | 17,245 | 0 |
Common Stock Issued for services, shares | 5,385 | |||||
Common Stock Issued for services, amount | 3,750 | 0 | $ 5 | (3,000) | 6,745 | 0 |
Warrant Subscription | 25 | 0 | 0 | 0 | 25 | 0 |
Net loss | (450,793) | $ 0 | $ 0 | 0 | 0 | (450,793) |
Balance, shares at Dec. 31, 2021 | 1,000 | 13,318,642 | ||||
Balance, amount at Dec. 31, 2021 | (673,558) | $ 1 | $ 13,318 | 0 | 12,729,990 | (13,416,867) |
Net loss | (510,422) | 13,972 | $ 0 | 0 | (510,422) | |
Common Stock issued for cash, shares | 28,000 | |||||
Common Stock issued for cash, amount | 14,000 | $ (13,416,867) | $ 0 | 28 | 0 | |
Balance, shares at Jun. 30, 2022 | 1,000 | 13,346,642 | ||||
Balance, amount at Jun. 30, 2022 | (1,169,980) | $ 1 | $ 13,346 | 12,743,962 | (13,927,289) | |
Balance, shares at Dec. 31, 2021 | 1,000 | 13,318,642 | ||||
Balance, amount at Dec. 31, 2021 | (673,558) | $ 1 | $ 13,318 | 0 | 12,729,990 | (13,416,867) |
Net loss | (739,975) | 0 | (739,975) | |||
Common Stock issued for cash, shares | 48,000 | |||||
Common Stock issued for cash, amount | 24,000 | 0 | $ 48 | 0 | 23,952 | 0 |
Common Stock issued for Note Payable Conversion -related parties, shares | 18,405 | |||||
Common Stock issued for Note Payable Conversion -related parties, amount | 9,202 | $ 0 | $ 18 | 0 | 9,184 | 0 |
Balance, shares at Dec. 31, 2022 | 1,000 | 13,385,047 | ||||
Balance, amount at Dec. 31, 2022 | (1,380,331) | $ 1 | $ 13,384 | 0 | 12,763,126 | (14,156,842) |
Balance, shares at Mar. 31, 2022 | 1,000 | 13,338,642 | ||||
Balance, amount at Mar. 31, 2022 | (969,096) | $ 1 | $ 13,338 | 12,739,970 | (13,722,405) | |
Net loss | (204,884) | 0 | (204,884) | |||
Common Stock issued for cash, shares | 8,000 | |||||
Common Stock issued for cash, amount | 4,000 | 0 | $ 8 | 3,992 | 0 | |
Rounding | $ 0 | $ 0 | 0 | |||
Balance, shares at Jun. 30, 2022 | 1,000 | 13,346,642 | ||||
Balance, amount at Jun. 30, 2022 | (1,169,980) | $ 1 | $ 13,346 | 12,743,962 | (13,927,289) | |
Balance, shares at Dec. 31, 2022 | 1,000 | 13,385,047 | ||||
Balance, amount at Dec. 31, 2022 | (1,380,331) | $ 1 | $ 13,384 | $ 0 | 12,763,126 | (14,156,842) |
Net loss | (37,778) | $ 0 | (37,778) | |||
Balance, shares at Jun. 30, 2023 | 1,000 | 13,385,047 | ||||
Balance, amount at Jun. 30, 2023 | (1,418,109) | $ 1 | $ 13,384 | 12,763,126 | (14,194,620) | |
Balance, shares at Mar. 31, 2023 | 1,000 | 13,385,047 | ||||
Balance, amount at Mar. 31, 2023 | (1,404,756) | $ 1 | $ 13,384 | 12,763,126 | (14,181,267) | |
Net loss | (13,353) | $ 0 | (13,353) | |||
Balance, shares at Jun. 30, 2023 | 1,000 | 13,385,047 | ||||
Balance, amount at Jun. 30, 2023 | $ (1,418,109) | $ 1 | $ 13,384 | $ 12,763,126 | $ (14,194,620) |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities | ||||
Net (loss) | $ 0 | $ (739,975) | $ (450,793) | |
Forgiveness of EIDL Advance | (4,101) | |||
Depreciation | 1,992 | $ 4,043 | 7,513 | 5,485 |
Loss (gain) on brokerage account | 252,568 | 252,568 | (65,168) | |
Loss on investment | 4,616 | 4,616 | 2,008 | |
Amortization of beneficial conversion feature | 14,805 | |||
Changes in operating assets and liabilities | ||||
Cash transfer | 117,953 | |||
Deferred revenue | (11,333) | |||
Accounts payable and accrued expenses - related party | (3,910) | 198,900 | 377,950 | 386,544 |
Accounts payable and accrued expenses | 324 | (484) | 7,962 | 19,543 |
Net cash (used in) and provided by operating activities | (39,372) | (50,779) | (89,366) | 18,693 |
Cash flows from investing activities | ||||
Cash (transfer to) withdrawn from brokerage account | 0 | 37,000 | 67,000 | (200,000) |
Net cash provided by and (used in) investing activities | 0 | 37,000 | 67,000 | (200,000) |
Cash flows from financing activities | ||||
Borrowings from convertible notes payable, related party | 14,600 | 0 | 19,407 | |
Payments on convertible notes payable - related party | (2,728) | (4,812) | (11,812) | (21,292) |
Principal payments on debt | (1,565) | (7,611) | (17,712) | (24,893) |
Borrowings from notes payable, related party | 29,300 | 14,500 | 26,500 | 9,333 |
Proceeds from Sale of Stock | 14,000 | |||
Warrant Subscriptions | 25 | |||
Shares subscribed for cash | 24,000 | 200,000 | ||
Net cash provided by financing activities | 39,607 | 16,077 | 20,976 | 182,580 |
Net increase (decrease) in cash | 235 | 2,298 | (1,390) | 1,273 |
Cash, beginning of period | 2,930 | 4,320 | 4,320 | 3,047 |
Cash, end of period | $ 3,165 | 6,618 | 2,930 | 4,320 |
SUPPLEMENTAL DISCLOSURE: | ||||
Interest paid | 3,360 | 5,466 | ||
NONCASH INVESTING AND FINANCING ACTIVITIES: | ||||
Repayments on Margin loan Brokerage account | $ 263,151 | $ 263,151 | ||
RP-NP debt conversion | $ 9,201 | |||
RP-AP Converted into common stock | 17,256 | |||
Shares issued for stock payable | $ 6,750 |
NATURE OF BUSINESS AND SUMMARY
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES Nature of Business Crown Equity Holdings Inc. ("Crown Equity" or the "Company") was incorporated in August 1995 in Nevada. The Company offers through its digital network of websites, advertising branding, marketing solutions and other services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The Company focuses on the distribution of information for the purpose of bringing together its audience with the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. Crown Equity Holdings' objective is making its endeavor known as CRWE WORLD into a online news and information source, as well as a one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally. On January 27, 2020, the Company re-acquired from American Video Teleconferencing Corp. (AVOT) the online business iB2BGlobal.com, since it had not received the shares promised during the original sale. Basis of Preparation The accompanying financial statements include the financial information of Crown Equity Holdings Inc. ("Crown Equity", the "Company") have been prepared in accordance with the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the "SEC"). The preparation of these financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles ("GAAP"). In the opinion of the management, the financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein. Reclassifications Certain prior period amounts have been reclassified to conform to current period presentation. Adoption of New Accounting Standard In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. The Company adopted ASU 2016-13 in its first quarter of fiscal 2023 and found the adoption did not have a material effect or significant impact on its financial statements. Use of Estimates The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are primarily used in our revenue recognition, long-lived asset impairments and adjustments, deferred tax, stock-based compensation, and reserves for legal matters. Cash and Cash Equivalents Crown Equity considers all highly liquid investments purchased with an original maturity of three months or less to be cash and cash equivalents. Stock-Based Compensation The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at the grant date, based on the fair value of the award, and is recognized as expense over the requisite employee service period. Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company's common stock for common share issuances. Revenue Recognition The core principles of revenue recognition under ASC 606 include the following five criteria: 1. Identify the contract with the customer A contract with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company' preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists. 2. Identify the performance obligations in the contract Our sales and account management teams define the scope of services to be offered, to ensure all parties are in agreement and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations. 3. Determine the transaction price Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer. 4. Allocate the transaction price to the performance obligations in the contract If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase. 5. Recognize revenue when (or as) we satisfy a performance obligation The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on the Company’s advertising platform. The company generates analytical reports monthly or as required to show how the ad dollars were spent and how the targeting resulted in click-through. The report satisfies the performance obligation, regardless of the outcome or effectiveness of the campaign. Sales are recognized when promised services are started in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Sales for service contracts generally are recognized as the services that are being provided. Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ - $ - Accounting - - - 2,000 2,000 Click Based and Impressions Ads - - - 247 - 247 Publishing and Distribution - - - 310 150 460 Server - - - - - - $ - $ - $ - $ 557 $ 2,150 $ 2,707 There was not any revenue earned during the six-months period ending June 30, 2023. June 30, June 30, 2023 2022 Deferred Revenue $ - $ - Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed. Accounts Receivable and Allowance for Doubtful Accounts The Company establishes an allowance for bad debts through a review of several factors including historical collection experience, the current aging status of the customer accounts, and the financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of June 30, 2023 and December 31, 2022. Risk Concentrations The Company does not hold cash in excess of federally insured limits. During the six-month period ending June 30, 2023, the Company did not receive any revenues from its available services. General and Administrative Expenses Crown Equity's general and administrative expenses consisted of the following types of expenses during 2023 and 2022: Compensation expense, auto, travel and entertainment, legal and accounting, utilities, websites, office expenses, depreciation, and other administrative related expenses. Property and Equipment Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity, or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on the disposition of equipment are reflected in operations. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Impairment of Long-Lived Assets The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses the recoverability of an asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on the expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2023 or 2022. Basic and Diluted Net (Loss) per Share Six Months June 30, 2023 Six Months June 30, 2022 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (37,778 ) $ (510,422 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (37,778 ) $ (510,422 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,385,047 13,333,692 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.00 ) $ (0.04 ) Diluted $ (0.00 ) $ (0.04 ) Three Months June 30, 2023 Three Months June 30, 2022 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (13,333 ) $ (204,884 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (13,333 ) $ (204,884 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,385,047 13,333,692 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.00 ) $ (0.04 ) Diluted $ (0.00 ) $ (0.04 ) When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the periods ended June 30, 2023, and 2022. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended June 30, 2023 is 21,485,067 and June 30, 2022 was 21,400,000. Income Taxes In December 2017, the Tax Cuts and Jobs Act (the "Act") was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of this change, the Company's statutory tax rate for fiscal 2019 and 2020 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of June 30, 2023, and December 31, 2022, the Company has not reflected any amounts as a deferred tax asset due to the uncertainty of future profits to offset any net operating loss. The Company's deferred tax assets consisted of the following as of June 30, 2023 and December 31, 2022: June 30, 2023 Dec 31, 2022 Net operating loss $ 916,586 $ 908,653 Valuation allowance (916,586 ) (908,653 ) Net deferred tax asset - - Uncertain Tax Position The Company also follows guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of June 30, 2023 and December 31, 2022. Fair Value of Financial Instruments The Company's financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Research and Development The Company spent no money for research and development costs during the periods ended June 30, 2023 and December 31, 2022. Advertising Cost The Company spent $0 on advertising during the periods ended June 30, 2023 and June 30, 2022. | NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES Nature of Business Crown Equity Holdings Inc. ("Crown Equity" or the "Company") was incorporated in August 1995 in Nevada. The Company offers through its digital network of websites, advertising branding, marketing solutions and other services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The Company focuses on the distribution of information for the purpose of bringing together its audience with the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. Crown Equity Holdings' objective is making its endeavor known as CRWE WORLD into a global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally. In 2010, the Company formed two subsidiaries Crown Tele Services, Inc. and CRWE Direct, Inc. Crown Tele Services Inc. will provide voice over IP messaging at a competitive price to other competitors and CRWE Direct will provide its client with direct sales of products. This entity was divested at the end of 2017. In 2011, the Company formed a wholly owned subsidiary CRWE Real Estate Inc. CRWE Real Estate Inc. will hold real estate. CRWE Real Estate Inc., Crown Tele Services, Inc. and CRWE Direct, Inc. were sold in December of 2016 for aggregate consideration of $100, resulting in a gain of $5,967. In 2016, the company sale of the subsidiaries is not considered to be a strategic shift since there were minimal activities during the year in the subsidiaries. Assets - Intercompany - Total Assets sold - Cash 100 Payable assumed by buyer 5,867 Total Consideration 5,967 Gain on sale of subsidiaries 5,967 On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com since company had not received the shares promised during the original sale. Basis of Preparation The accompanying financial statements include the financial information of Crown Equity Holdings Inc. (“Crown Equity”, the “Company”) have been prepared in accordance with the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the “SEC”). The preparation of these financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, the financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein. Reclassifications Certain prior period amounts have been reclassified to conform to current period presentation. In February 2016, the FASB issued ASU 2016-02 “ Leases”, Leases” In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements. Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows. Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU 2016-3, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instructions In August 2020, the FASB issued ASU 2020-6, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-6”), which simplifies the accounting for convertible instruments by removing the separation models for (1) convertible debt with a cash conversion feature and (2) convertible instruments with a beneficial conversion feature. Upon adoption, a convertible debt instrument will be accounted for as a single liability at amortized cost unless (a) the convertible instrument contains features that require bifurcation as a derivative under ASC 815, Derivatives and Hedging, or (b) the convertible debt instrument was issued at a substantial premium. These changes will reduce reported interest expense and increase reported net income for entities that have issued a convertible instrument that was bifurcated according to previously existing rules. ASU 2020-6 also requires the application of the if-converted method for calculating diluted earnings per share and the treasury stock method will be no longer available. The new guidance is effective for public entities excluding smaller reporting companies in fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. The company adopted early ASU 2020-6 on January 1, 2022. Use of Estimates The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are primarily used in our revenue recognition, long-lived asset impairments and adjustments, deferred tax, stock-based compensation, and reserves for legal matters. Cash and Cash Equivalents Crown Equity considers all highly liquid investments purchased with an original maturity of three months or less to be cash and cash equivalents. Stock-Based Compensation The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at grant date, based on the fair value of the award and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASU 2018-07 Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company's common stock for common share issuances. Revenue Recognition The core principles of revenue recognition under ASC 606 include the following five criteria: 1. Identify the contract with the customer Contract with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company’ preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists. 2. Identify the performance obligations in the contract Our sales and account management teams define the scope of services to be offered, to ensure all parties are in agreement and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations. 3. Determine the transaction price Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer. 4. Allocate the transaction price to the performance obligations in the contract If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase. 5. Recognize revenue when (or as) we satisfy a performance obligation The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on Company’s advertising platform. The company generates analytical reports monthly or as required to show how the ad dollars were spent and how the targeting resulted in click-through. The report satisfies the performance obligation, regardless of the outcome or effectiveness of the campaign. Sales are recognized when promised services are started in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Sales for service contracts generally are recognized as the services are being December 31, 2022 December 31, 2021 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ 10,200 $ 10,200 Click Based and Impression Ads $ 475 $ - $ 475 $ 517 $ - $ 517 Publishing and Distribution $ 310 $ 150 $ 460 $ 3,660 $ 1,283 $ 4,943 Accounting $ - $ 2,000 $ 2,000 $ - $ - $ - $ 785 $ 2,150 $ 2,935 $ 4,177 $ 11,483 $ 15,660 Revenues are received through advertising, click-based, and impression ads located on the Company’s websites, as well as from the publishing and disseminating of news and press releases. December 31, December 31, 2022 2021 Deferred Revenue $ - $ - Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed. Accounts Receivable and Allowance for Doubtful Accounts The Company establishes an allowance for bad debts through a review of several factors including historical collection experience, current aging status of the customer accounts, and financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of December 31, 2022 and 2021. Investments The Company values its trading investments at market value based on the trading price at the balance sheet date. Any gains and losses are recorded in the period the gain or loss occurred. Investments include common stocks, exchange traded funds and money market mutual funds. Equity investments with readily determinable fair values are recorded as Trading Securities at Fair Value on the Balance Sheets. Changes in the fair value of such equity securities are reported in the Statements of Income. Risk Concentrations As of December 31, 2022, 68% of the Company’s revenues were received through accounting services rendered, and 100% of the rendered accounting services revenue was received through a related party. 16% of the revenues received were from publishing and distribution services rendered by the Company, while 33% of the publishing and distribution revenue was received through a related party. The remaining revenue of 16% was from the displaying of click-based and impressions ads located on the company’s websites. During the year ending period of 2022, 73% of its revenues originated from a single related party with 27% of the revenue coming from third parties. During the year ending period of December 31, 2021, 65% of the Company’s revenues were received through advertisement services, and 100% of the advertisement revenue received from advertisement services was through a related party. 32% of the revenues were from the Company’s publishing and distribution services, while 8% of the publishing and distribution services revenue was received through a related party. The remaining revenue of 3% was from the displaying of click-based and impressions ads located on the company’s websites. General and Administrative Expenses Crown Equity's general and administrative expenses consisted of the following types of expenses during 2022 and 2021. Compensation expense, payroll expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation, and other administrative related expenses. Property and Equipment Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity, or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Impairment of Long-Lived Assets The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2022 or 2021. Basic and Diluted Net (Loss) per Share December 31, 2022 2021 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (739,975 ) $ (450,793 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (739,975 ) $ (450,793 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,346,912 12,989,835 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.06 ) $ (0.03 ) Diluted $ (0.06 ) $ (0.03 ) When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the years ended December 31, 2022 and 2021. Income Taxes In December 2017, the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of this change, the Company’s statutory tax rate for fiscal 2019 and 2020 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of December 31, 2022, and December 31, 2021, the Company has not reflected any amounts as a deferred tax asset due to the uncertainty of future profits to offset any net operating loss. The Company’s deferred tax assets consisted of the following as of December 31, 2022 and December 31, 2021: Dec. 31, 2022 Dec. 31, 2021 Net operating loss $ 908,653 $ 753,258 Valuation allowance (908,653 ) (753,258 ) Net deferred tax asset - - Uncertain tax position The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of December 31, 2022 and 2021. Fair Value of Financial Instruments Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”)820 , Fair Value Measurements and Disclosures Financial Instruments An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value. Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active. Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Our cash and brokerage accounts are measured at fair value on a recurring basis and estimated as follows. December 31, 2021 Total Level 1 Level 2 Level 3 Cash $ 4,320 $ 4,320 $ - $ - Investments in trading securities 558,945 558,945 - - Total $ 593,265 $ 593,265 $ - $ - December 31, 2022 Cash $ 2,930 $ 2,930 $ - $ - Investments in trading securities 0.00 0.00 - - Total $ 2,930 $ 2,930 $ - $ - The Company's financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Research and Development The Company spent no money for research and development cost for the years ended December 31, 2022 and 2021. Advertising Cost The Company spent no money for advertisement for the years ended December 31, 2022 and 2021. Depreciation expense was $7,513 and $5,485 for the years ended December 31, 2022 and 2021, respectively. |
GOING CONCERN
GOING CONCERN | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
GOING CONCERN | ||
GOING CONCERN | NOTE 2 – GOING CONCERN As shown in the accompanying condensed consolidated financial statements, Crown Equity has an accumulated deficit of $14,194,620 since its inception and had a working capital deficit of $1,418,624, negative cash flows from operations and limited business operations as of June 30, 2023. These conditions raise substantial doubt as to Crown Equity's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Crown Equity is unable to continue as a going concern. Crown Equity continues to review its expense structure reviewing costs and their reduction to move towards profitability. Management plans to continue raising funds through debt and equity financing to grow the business to profitability. This financing may be insufficient to fund expenditures or other cash requirements. There can be no assurance that additional financing will be available to the Company on acceptable terms or at all. These financial statements do not give effect to adjustments to assets would be necessary for the Company be unable to continue as going concern. | NOTE 2 – GOING CONCERN As shown in the accompanying financial statements, Crown Equity an accumulated deficit of $14,156,842 since its inception and had a working capital deficit of $1,382,838 negative cash flows from operations and limited business operations as of December 31, 2022. These conditions raise substantial doubt as to Crown Equity's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Crown Equity is unable to continue as a going concern. Crown Equity continues to review its expense structure reviewing costs and their reduction to move towards profitability. Management plans to continue raising funds through debt and equity financing to grow the business to profitability. This financing may be insufficient to fund expenditures or other cash requirements. There can be no assurance that additional financing will be available to the Company on acceptable terms or at all. These financial statements do not give effect to adjustments to assets would be necessary for the Company be unable to continue as going concern. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
PROPERTY AND EQUIPMENT | ||
PROPERTY AND EQUIPMENT | NOTE 3 – PROPERTY AND EQUIPMENT The Company's policy is to capitalize all property purchases over $1,000 and depreciate the assets over their useful lives of 3 to 7 years. Property consists of the following on June 30, 2023 and December 31, 2022: June 30, 2023 Dec 31, 2022 Computers – 3 year estimated useful life $ 108,622 108,622 Less – Accumulated Depreciation (108,107 ) (106,115 ) Property and Equipment, net $ 515 2,507 Depreciation has been provided over each asset's estimated useful life. Depreciation expenses were $1,992, and $4,043 for the six months ended June 30, 2023 and 2022 respectively. | NOTE 3 – PROPERTY AND EQUIPMENT The Company’s policy is to capitalize all property purchases over $1,000 and depreciates the assets over their useful lives of 3 to 7 years. Property consists of the following at December 31, 2022 and 2021 December 31, 2022 December 31, 2021 Computers – 3 year estimated useful life $ 108,622 $ 108,622 Less – Accumulated Depreciation (106,115 ) (98,602 ) Property and Equipment, net $ 2,507 $ 10,020 Depreciation has been provided over each asset’s estimated useful life. Depreciation expense was $7,513 and $5,485 for the twelve months ended December 31, 2022 and 2021, respectively. |
INVESTMENT TRADING SECURITIES A
INVESTMENT TRADING SECURITIES AND MARGIN LOANS | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
INVESTMENT TRADING SECURITIES AND MARGIN LOANS | ||
INVESTMENTS IN TRADING SECURITIES INVESTMENTS IN TRADING SECURITIES INVESTMENTS IN TRADING SECURITIES | NOTE 4 – INVESTMENT TRADING SECURITIES AND MARGIN LOANS The Company invested in various industries within the Nasdaq and New York stock exchange. As of June 30, 2023, the market value of the Company’s account portfolio, consisting of stocks only, was $0.00 offset by a margin loan of $0.00. The loan is collateralized by the securities in the account and carries 7.5% annual interest rate. The Company transferred $200,000 cash from accounts to brokerage account during the 3rd quarter of 2021. The Company invested in various industries within the Nasdaq and New York stock exchange. The margin loan interest was $0.00 for the period ended June 30, 2023. | NOTE 4 – INVESTMENTS IN TRADING SECURITIES INVESTMENTS IN TRADING SECURITIES INVESTMENTS IN TRADING SECURITIES As of December 31, 2022, the market value of the Company’s account portfolio, consisting of stocks only, was $0.00 offset by a margin loan of $0.00. The loan is collateralized by the securities in the account and carries 7.5% annual interest rate. The Company transferred $200,000 cash from accounts to brokerage account during the 3 rd As of December 31, 2021, the market value of the Company’s account portfolio, consisting of stocks only, was offset by a margin loan of $263,151. Since the margin loan was collateralized by the securities in the account, the brokerage firm sold the collateralized securities during January through April of the year 2022 to pay the margin loan owed. As of December 31, 2021, the market value of the Company’s account portfolio, consisting of stocks only, was $588,945 offset by a margin loan of $263,151. The loan is collateralized by the securities in the account and carries 7.5% annual interest rate. The Company transferred $200,000 cash from accounts to brokerage account during the 3 rd Trading Securities Dec 31, 2022 Dec 31, 2021 Stocks $ 0.00 $ 588,945 |
FINANCE LEASES
FINANCE LEASES | 6 Months Ended |
Jun. 30, 2023 | |
FINANCE LEASES | |
FINANCE LEASES | NOTE 5 – FINANCE LEASES During 2019 and 2020, the Company borrowed an aggregate $7,357 and $9,985 under the following third-party and related party finance lease transactions: · A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with a payment of $498 in addition to a $22 management fee for a total monthly payment of $520. The lease has a bargain purchase option of $1 at the end of the lease term. · A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.60% amortized over 36 months with payments of $219. · A $1,188 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $42. The following is a schedule of the net book value of the finance lease. Assets June 30, 2023 Leased equipment under finance lease, $ 73,883 less accumulated amortization (73,368 ) Net $ 515 Liabilities June 30, 2023 Obligations under finance lease (current) $ 1,305 Obligations under finance lease (noncurrent) - Total $ 1,305 Below is a reconciliation of leases to the financial statements. The following is a schedule, by years, of future minimum lease payments required under finance leases. Years ended December 31 Finance Leases 2023 1,395 Thereafter - Total 1,395 Less: Imputed Interest (90 ) Total Liability 1,305 |
CAPITAL LEASES
CAPITAL LEASES | 12 Months Ended |
Dec. 31, 2022 | |
FINANCE LEASES | |
CAPITAL LEASES | NOTE 5 – CAPITAL LEASES During the period ending December 31, 2022, the Company paid an aggregate of $15,301 toward capital lease balances. The following is a schedule of the net book value of the finance lease. Assets December 31, 2022 Leased equipment under finance lease, $ 73,883 less accumulated amortization (72,009 ) Net $ 1,874 Liabilities December 31, 2022 Obligations under finance lease (current) $ 2,868 Obligations under finance lease (noncurrent) 0 Total $ 2868 The following is a schedule, by years, of future minimum lease payments required under finance leases. Years ended December 31 Finance Leases 2023 3,038 Thereafter - Total Less: Imputed Interest 170 Total Liability 2,868 |
NOTES PAYABLE AND CONVERTIBLE N
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | ||
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES As of June 30, 2023, and December 31, 2022, the Company had unamortized discount of $0 and $0, respectively. The Company analyzed the convertible notes for derivatives noting none. Name Original Note Date Due Date Interest Rate June 30, 2023 Related Party Notes Payable: Willy A. Saint-Hilaire 02/28/2022 02/28/2023 12 % 4,500 Mohammad Sadrolashrafi 11/17/2022 11/17/2023 12 % 5,000 Mike Zaman Irrevocable Trust 03/23/2023 03/23/2024 12 % 18,000 Mike Zaman Irrevocable Trust 05/08/2023 05/08/2024 12 % 5,800 Mike Zaman Irrevocable Trust 06/02/2023 06/02/2024 12 % 2,500 Mike Zaman Irrevocable Trust 06/20/2023 06/20/2024 12 % 3,000 Total Related Party Notes Payable 38,800 Related Party Convertible Notes Payable: Willy A. Saint-Hilaire 04/06/2021 04/06/2022 12 % - Willy A. Saint-Hilaire 04/16/2021 04/16/2022 12 % - Willy A. Saint-Hilaire 04/21/2021 04/21/2022 12 % 800 Willy A. Saint-Hilaire 04/30/2021 04/30/2022 15.15 % 2,750 Willy A. Saint-Hilaire 05/04/2021 05/04/2022 15.15 % 750 Jamie Hadfield 04/07/2022 04/07/2023 12 % 10,000 Mike Zaman Irrevocable Trust 12/25/2022 12/25/2023 12 % 2,000 Mike Zaman 01/11/2023 01/11/2024 12 % 1,100 Mike Zaman Irrevocable Trust 01/23/2023 01/23/2024 12 % 2,500 Mike Zaman Irrevocable Trust 01/31/2023 01/31/2024 12 % 1,000 Mike Zaman Irrevocable Trust 02/14/2023 02/14/2024 12 % 10,000 Total Convertible Related Party Notes Payable 30,900 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party 30,900 The conversion rate is one share of common stock at $0.50 per share, per each principal dollar amount owed. Willy A. Saint-Hilaire On April 6, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $2,500 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $900. On January 18, 2023 a payment of $400 was made, and on February 21, 2023 a payment in the amount of $500 was made. As of June 30, 2023, the principal balance on this note was $0.00. On April 16, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $1,518 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $1,518. On March 21, 2023 a payment in the amount of $418.20 was made. On April 20, 2023 a payment in the amount of $400 was made in addition to a payment on May 21, 2023 of $500, and $200 paid on June 20, 2023. As of June 30, 2023, the principal balance on this note was $0.00. On April 21, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $1,109.83 at an interest rate of 12%. On June 20, 2023, a payment of $309.83 was made. As of June 30, 2023, the principal balance on this note was $800. On April 30, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $2,750.00 at an interest rate of 15.15%. As of June 30, 2023, the principal balance on this note was $2,750. On May 4, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $750 at an interest rate of 15.15%. As of June 30, 2023, the principal balance on this note was $750. On February 28, 2022, the Company entered into a promissory note with Willy A. Saint-Hilaire in the amount of $4,500 at an interest rate of 0 %. On September 15, 2022, the interest for the note was amended to 12%. As of June 30, 2023, the principal balance on this note was $4,500. Mohammad Sadrolashrafi On November 17, 2022, the Company entered into a promissory note with Mohammad Sadrolashrafi in the amount of $5,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $5,000. Jamie Hadfield On April 7, 2022, the Company entered into a convertible promissory note with Jamie Hadfield in the amount of $10,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $10,000. Mike Zaman Irrevocable Trust On December 25, 2022, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $2,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $2,000. On January 23, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $2,500. On January 31, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $1,000. On February 14, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $10,000. On March 23, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $18,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $18,000. On May 08, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $5,800 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $5,800. On June 02, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $2,500. On June 20, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $3,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $3,000. Mike Zaman On January 11, 2023, the Company entered into a convertible promissory note with Mike Zaman in the amount of $1,100 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $1,100. | NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES As of December 31, 2022 and 2021, the Company had unamortized discount of $0 and $0 respectively. The Company analyzed the below convertible notes for derivatives noting none. The Company evaluated these convertible notes for beneficial conversion features and concluded that the beneficial conversion features resulted in a debt discount in the amount of $0.00, as of December 31, 2022. Original Due Interest Conversion Dec. 31, Name Note Date Date Rate Rate 2022 Related Party Notes Payable: Willy A. Saint-Hilaire 03/12/2021 03/12/2022 16 % $ - - Willy A. Saint-Hilaire 02/28/2022 02/28/2023 12 % $ - 4,500 Mohammad Sadrolashrafi 11/17/2022 11/17/2023 12 % 5,000 Total Related Party Notes Payable 9,500 Related Party Convertible Notes Payable: Willy A. Saint-Hilaire 04/06/2021 04/06/2022 12 % $ - 900 Jamie Hadfield 04/07/2022 04/07/2023 12 % $ - 10,000 Willy A. Saint-Hilaire 04/16/2021 04/16/2022 12 % $ - 1,518 Willy A. Saint-Hilaire 04/21/2021 04/21/2022 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2022 12 % $ - - Willy A. Saint-Hilaire 04/30/2021 04/30/2022 15.15 % $ - 2,750 Willy A. Saint-Hilaire 05/04/2021 05/04/2022 15.15 % $ - 750 Willy A. Saint-Hilaire 05/21/2021 05/21/2022 0 % $ - - Mohammad Sadrolashrafi 09/09/2022 09/09/2023 12 % $ - - Mike Zaman Irrevocable Trust 12/25/2022 12/25/2023 12 % $ 2,000 Total Convertible Related Party Notes Payable 19,028 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party 19,028 Willy Ariel Saint-Hilaire On March 12, 2021, the Company entered into a promissory note with Willy A. Saint-Hilaire in the amount of $9,332 at 16% interest. The company made principal reduction payments of $5,421, during the year-ended period of December 31, 2021. As of March 31, 2022, the balance on this note is $2,012. With the additional payments totaling $1,212, during the second quarter period ending June 30, 2022, the balance on the note was $800. Two payments of $400 were made on July 12, 2022, and August 10, 2022, respectively. As of December 31, 2022, the principal balance on this note was $0.00. On April 6, 2021, the Company entered into a promissory note with Willy A. Saint-Hilaire in the amount of $2,500 at an interest rate of 12%. Four payments of $400 was made on September 19, 2022, October 21, 2022, November 21, 2022, and December 20, 2022, respectively. As of December 31, 2022, the principal balance on this note was $900. On April 16, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $1,518 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $1,518. On April 21, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $1,109.83 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $1,110. On April 30, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $2,750.00 at an interest rate of 15.15%. As of December 31, 2022, the principal balance on this note was $2,750. On May 4, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $750 at an interest rate of 15.15%. As of December 31, 2021, the principal balance on this note was $750. On May 21, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $7,280. As of March 31, 2022, the principal balance on this note was $4,900. With the additional payments totaling $300 during the second quarterly period ending June 30, 2022, the balance on the note was $4,600. During the third quarter $4,600 was paid. As of December 31, 2022, the principal balance on this note was $0.00. On February 28, 2022, the Company entered into a promissory note with Willy A. Saint-Hilaire in the amount of $4,500 at an interest rate of 0 %. On September 15, 2022, the interest for the note was amended to 12%. As of December 31, 2022, the principal balance on this note was $4,500. Shahram Khial On April 22, 2021, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500 at an interest rate of 12%. On October 31, 2022 the note was converted into shares of Company stock. As of December 31, 2022, the principal balance on this note was $0.00. The note was converted within the terms of the agreement and no gain or loss was recorded. Jamie Hadfield On April 7, 2022, the Company entered into a promissory note with Jamie Hadfield in the amount of $10,000 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $10,000. Mohammad Sadrolashrafi On September 9, 2022, the Company entered into a promissory note with Mohammad Sadrolashrafi in the amount of $5,000 at an interest rate of 12%. %. On October 21, 2022 the note was converted into shares of Company stock. As of December 31, 2022, the principal balance on this note was $0.00. The note was converted within the terms of the agreement and no gain or loss was recorded. On November 17, 2022, the Company entered into a promissory note with Mohammad Sadrolashrafi in the amount of $5,000 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $2,000. Mike Zaman Irrevocable Trust On December 25, 2022, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,000 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $2,000. Period ending December 31, 2021 Original Due Interest Conversion Dec. 31, Name Note Date Date Rate Rate 2021 Related Party Notes Payable: Willy A. Saint-Hilaire 03/12/2021 03/12/2022 16 % $ - 3,912 Related Party Convertible Notes Payable: Willy A. Saint-Hilaire 04/06/2021 04/06/2022 12 % $ - 2,500 Willy A. Saint-Hilaire 04/16/2021 04/16/2022 12 % $ - 1,518 Willy A. Saint-Hilaire 04/21/2021 04/21/2022 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2022 12 % $ - 3,500 Willy A. Saint-Hilaire 04/30/2021 04/30/2022 15.15 % $ - 2,750 Willy A. Saint-Hilaire 05/04/2021 05/04/2022 15.15 % $ - 750 Willy A. Saint-Hilaire 05/21/2021 05/21/2022 0 % $ - 6,300 Total Convertible Related Party Notes Payable 18,428 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party - Third Party Non-Convertible Notes Payable: Small Business Administration – EIDL 04/30/2020 04/30/2050 3.75 % $ 4,000 Total Third Party Non-Convertible Notes Payable 4,000 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
COMMITMENTS AND CONTINGENCIES | ||
COMMITMENTS AND CONTINGENCIES | NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company is obligated for payments under related party notes payable and automobile lease payments. The Company agreed to pay the automobile leases of $395 and $278 a month, on a month-to-month basis and can be cancelled at any time but expects to continue lease payments for the full 2023 year. The Company entered into an agreement, effective January 1, 2020, to pay Arnulfo Saucedo-Bardan $5,000 per month for website development, design maintenance and other IT services and solutions. On June 30, 2022 the Company owed Mr. Saucedo-Bardan $130,700. As of June 30, 2023, Arnulfo is owed $140,090. | NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company is obligated for payments under related party notes payable and automobiles lease payments. The Company agreed to pay the automobile lease of $395 and $278 a month, on a month-to-month basis and can be cancelled at any time but expects to continue lease payments for the full 2023 year. The Company entered into an agreement, effective January 1, 2020, to pay Arnulfo Saucedo-Bardan $5,000 per month for website development, design maintenance and other IT services and solutions. On February 13, 2020, Munti Consulting LLC was issued a warrant at a price of $0.000025 per share ($25 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. Exercisable after the first (1st) anniversary of the date of filing of the first Form S-1 filed with the U.S. Securities and Exchange Commission after the issuance of this Warrant. On March 13, 2020, BBCKQK Trust Kevin Wiltz was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On March 13, 2020, Willy Ariel Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On April 1, 2020, Addicted 2 Marketing LLC was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On April 28, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On May 4, 2020, Arnulfo Saucedo- Bardan was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On May 7, 2020, Arnold F. Sock was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On May 7, 2020 Rudy Chacon was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 7, 2020, Sadegh Salmassi was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020, Glen J. Rineer was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Barry Cohen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020, Malcolm Ziman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Brett Matus was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Brian D. Colvin was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On May 8, 2020 Jacob Colvin was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 11, 2020, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On May 13, 2020 Steven A. Fishman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 13, 2020 Wendell and Sharon Piper was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 19, 2020 Joan R. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On May 19, 2020 Marvin A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On May 20, 2020 Willy Rafael Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 27, 2020 James Bobrik was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 28, 2020 Richard R Shehane was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On May 29, 2020 Ybelka Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On June 3, 2020, Jeffery Connell was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. On June 8, 2020 Hassan M. Oji was issued a warrant at a price of $0.000025 per share ($7.50 total) to purchase 300,000 shares of common stock at the exercise price of $0.60 per share. On June 9, 2020, Kim Smith was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On June 12, 2020 Violet Gewerter was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On June 16, 2020, Roy S Worbets was issued a warrant at a price of $0.000025 per share ($5.00) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On June 19, 2020, Elvis E. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On June 30, 2020, Chris Knudsen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On July 1, 2020, Theresa Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On July 1, 2020, Donald Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On July 10, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On August 13, 2020, Monireh Sepahpour was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On August 18, 2020, Monica Shayestehpour was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On September 2, 2020, Hongsing Phou was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On September 8, 2020, Pejham Khial was issued a warrant at a price of $0.000025 per share $12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On September 15, 2020, Salvatore Marasa was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On September 21, 2020, Richard W. LeAndro was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On September 21, 2020, Richard W. LeAndro Jr was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On September 25, 2020, Seyed M. Javad was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share. On October 6, 2020, Nasrin Montazer was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. On October 13, 2020, Jagjit Dhaliwal was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. Om January 3, 2021, Marjan Tina and Reno Suwarno was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. Summary of Warrants Issued: Issue Date Issued To Shares Exercise price per share Warrant price per share Total Paid for Warrants 02/13/2020 Munti Consulting LLC 1,000,000 $ 0.60 $ 0.000025 $ 25.00 03/13/2020 BBCKQK Trust Kevin Wiltz 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/01/2020 Addicted 2 Marketing LLC 100,000 $ 0.60 $ 0.000025 $ 2.50 05/07/2020 Arnold F Sock 500,000 $ 0.60 $ 0.000025 $ 12.50 05/07/2020 Rudy Chacon 200,000 $ 0.60 $ 0.000025 $ 5.00 05/07/2020 Sadegh Salmassi 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Glen J Rineer 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Barry Cohen 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Steven A Fishman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Wendell & Sharon Piper 200,000 $ 0.60 $ 0.000025 $ 5.00 05/27/2020 James Bobrik 200,000 $ 0.60 $ 0.000025 $ 5.00 05/28/2020 Richard R Shehane 200,000 $ 0.60 $ 0.000025 $ 5.00 06/03/2020 Jeffery Connell 100,000 $ 0.60 $ 0.000025 $ 2.50 06/08/2020 Hassan M Oji 300,000 $ 0.60 $ 0.000025 $ 7.50 06/09/2020 Kim Smith 500,000 $ 0.60 $ 0.000025 $ 12.50 06/12/2020 Violet Gewerter 500,000 $ 0.60 $ 0.000025 $ 12.50 06/16/2020 Roy S Worbets 200,000 $ 0.60 $ 0.000025 $ 5.00 06/30/2020 Chris Knudsen 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Donald Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 08/13/2020 Monireh Sepahpour 500,000 $ 0.60 $ 0.000025 $ 12.50 08/18/2020 Monica Shayestehpour 1,000,000 $ 0.60 $ 0.000025 $ 25.00 09/02/2020 Hongsing Phou 200,000 $ 0.60 $ 0.000025 $ 5.00 09/08/2020 Pejham Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 09/15/2020 Salvatore Marasa 200,000 $ 0.60 $ 0.000025 $ 5.00 09/21/2020 Richard W LeAndro 500,000 $ 0.60 $ 0.000025 $ 12.50 09/21/2020 Richard W LeAndro Jr 500,000 $ 0.60 $ 0.000025 $ 12.50 09/25/2020 Seyed M Javad 200,000 $ 0.60 $ 0.000025 $ 5.00 10/06/2020 Nasrin Montazer 500,000 $ 0.60 $ 0.000025 $ 12.50 10/13/2020 Jagjit Dhaliwal 1,000,000 $ 0.60 $ 0.000025 $ 25.00 01/03/2021 Marjan Tina and Reno Suwarno 1,000,000 $ 0.60 $ 0.000025 $ 25.00 Total: 12,300,000 $ 307.50 Related Party: 03/13/2020 Willy A Saint-Hilaire 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/28/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 05/01/2020 Mike Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/01/2020 Montse Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Malcolm Ziman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Brett Matus 200,000 $ 0.60 $ 0.000025 $ 5.00 05/11/2020 Mohammad Sadrolashrafi 500,000 $ 0.60 $ 0.000025 $ 12.50 05/04/2020 Arnulfo Saucedo-Bardan 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Brian D. Colvin 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Jacob Colvin 200,000 $ 0.60 $ 0.000025 $ 5.00 05/19/2020 Joan R Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/19/2020 Marvin A. Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/20/2020 Willy Rafael Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 05/29/2020 Ybelka Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 06/09/2020 Kenneth Cornell Bosket 1,000,000 $ 0.60 $ 0.000025 $ 25.00 06/19/2020 Elvis E Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Theresa Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 07/10/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 9,100,000 227.50 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
RELATED PARTY TRANSACTIONS | ||
RELATED PARTY TRANSACTIONS | NOTE 8 – RELATED PARTY TRANSACTIONS The Company is provided office space by one of the officers and directors at no charge. The Company believes that this office space is sufficient for its needs for the foreseeable future. On January 11, 2023, the Company entered into a convertible promissory note with Mike Zaman in the amount of $1,100 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $1,100. On January 23, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $2,500. On January 31, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $1,000. On February 14, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $10,000. On March 23, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $18,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $18,000. On May 08, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $5,800 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $5,800. On June 02, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $2,500. On June 20, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $3,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $3,000. The Company periodically advanced operating funds from related parties with convertible notes payable. As of June 30, 2023, total convertible notes and non-convertible notes from related parties were $38,800 and $30,900 respectively. The Company periodically advanced funds to cover account payables by direct payment of the account payables from related parties. | NOTE 8 – RELATED PARTY TRANSACTIONS The Company is provided office space by one of the officers and directors at no charge. The Company believes that this office space is sufficient for its needs for the foreseeable future. On February 28, 2022, the Company entered into a promissory note with Willy A. Saint-Hilaire in the amount of $4,500 at an interest rate of 0 %. On September 15, 2022, the interest for the note was amended to 12%. As of December 31, 2022, the principal balance on this note was $4,500. On March 13, 2022, the Company entered into a Services Agreement with American Video Teleconferencing Corp (AVOT) to provide accounting services. The Company was compensated $2,000 for the services rendered. On March 18, 2022, American Video Teleconferencing Corp. paid the Company $150 for press release services. On April 7, 2022, the Company entered into a promissory note with Jamie Hadfield in the amount of $10,000 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $10,000. On September 9, 2022, the Company entered into a promissory note with Mohammad Sadrolashrafi in the amount of $5,000 at an interest rate of 12%. On October 21, 2022, the note was converted into shares of Company stock. As of December 31, 2022, the principal balance on this note was $0.00. The note was converted within the terms of the agreement and no gain or loss was recorded. On October 21, 2022, Mohammad Sadrolashrafi purchased 10,000 shares of common stock at $0.50 per share at a purchase price of $5,000. On October 31, 2022, A promissory note that the Company entered into on April 22, 2021, with Shahram Khial in the amount of $3,500 at an interest rate of 12%. On November 2, 2022 the note was converted into shares of Company stock. As of December 31, 2022, the principal balance on this note was $0.00. The note was converted within the terms of the agreement and no gain or loss was recorded. On November 2, 2022, Shahram Khial purchased 10,000 shares of common stock at $0.50 per share at a purchase price of $5,000. On November 17, 2022, the Company entered into a promissory note with Mohammad Sadrolashrafi in the amount of $5,000 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $2,000 On December 25, 2022, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,000 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $2,000. |
STOCKHOLDERS EQUITY
STOCKHOLDERS EQUITY | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
STOCKHOLDERS EQUITY | ||
STOCKHOLDERS' EQUITY | NOTE 9 – STOCK HOLDERS' DEFICIT Common Stock During the six months ending June 30, 2023, the Company issued the following: · The Company did not issue any shares of common stock. Equity Incentive Plan The Company's 2006 Equity Incentive Plan, as amended and restated (the "Equity Incentive Plan"), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of June 30, 2023. Preferred Stock The Company has designated 1,000 shares of its preferred stock as Series A Preferred Stock. Each share of Series A Preferred shall have no dividend, voting or other rights except for the right to elect Class I Directors. As of June 30, 2023, the Company has 1,000 shares of Series A Preferred Stock outstanding. Warrants Issued The following is a summary of the Company's warrant activity during the six-month periods ended June 30, 2023 and 2022: Number of Exercise Warrants Price Balance, January 1, 2023 21,400,000 $ 0.60 Issued - - Exercised - - Forfeited - - Balance, June 30, 2023 21,400,000 $ 0.60 Number of Exercise Warrants Price Balance, January 1, 2022 21,400,000 $ 0.60 Issued - - Exercised - - Forfeited - - Balance, June 30, 2022 21,400,000 $ 0.60 | NOTE 9 – STOCKHOLDERS' EQUITY Common Stock During the period ending December 31, 2022, the Company issued 66,405 shares of common stock as follows: Third Party: · On March 9, 2022, the Company issued 20,000 restricted shares of common stock for a total of $10,000 in cash. The shares were sold at the price of $0.50 per share on the purchase date. · On May 3, 2022, the Company issued 8,000 restricted shares of common stock for a total of $4,000 in cash. The shares were sold at the price of $0.50 per share on the purchase date. Related Party: · On October 21, 2022, the Company issued 10,000 restricted shares of common stock for a total of $5,000 in cash. The shares were sold at the price of $0.50 per share on the purchase date. · On October 21, 2022, the Company issued 10,124 shares of common stock for the conversion of debt and accrued to interest at a conversion rate of fifty cents ($0.50) per share per dollar ($1.00) owed on the note that was for the amount of $5,062. The note was converted within the terms of the agreement and no gain or loss was recorded. · On October 31, 2022, the Company issued 8,281 shares of common stock for the conversion of debt and accrued to interest at a conversion rate of fifty cents ($0.50) per share per dollar ($1.00) owed on the note that was for the amount of $4,140. . The note was converted within the terms of the agreement and no gain or loss was recorded. · On November 2, 2022, the Company issued 10,000 restricted shares of common stock for a total of $5,000 in cash. The shares were sold at the price of $0.50 per share on the purchase date. During the period ended December 31, 2020, the Company granted non-qualified stock warrants purchasing up to 3,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing of which date is yet to be determined. Equity Incentive Plan The Company’s 2006 Equity Incentive Plan, as amended and restated (the “Equity Incentive Plan”), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of December 31, 2022. Preferred Stock The Company has designated 1,000 shares of its preferred stock as Series A Preferred Stock. Each share of Series A Preferred shall have no dividend, voting or other rights except for the right to elect Class I Directors. As of December 31, 2022 and December 31, 2021, the Company has 1,000 shares of Series A Preferred Stock outstanding |
INCOME TAXES
INCOME TAXES | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
INCOME TAXES | ||
INCOME TAXES | NOTE 10 – INCOME TAXES The Company follows ASC 740, Accounting for Income Taxes. During 2009, there was a change in control of the Company. Under section 382 of the Internal Revenue Code such a change in control negates much of the tax loss carry forward and deferred income tax. Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry forwards. For federal income tax purposes, the Company uses the accrual basis of accounting, the same that is used for financial reporting purposes. The Company did not have taxable income during 2022. The Company's deferred tax assets consisted of the following as of June 30, 2023, and December 31, 2022: June 31, 2023 December 31, 2022 Net operating loss $ 916,586 $ 908,653 Valuation allowance (916,586 ) (908,653 ) Net deferred tax asset $ - $ - As of June 30, 2023, and December 31, 2022, the Company's accumulated net operating loss carry forward was approximately $4,364,697, and $4,326,920 respectively and will begin to expire in the year 2032. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%. | NOTE 10 – INCOME TAXES The Company follows ASC 740, Accounting for Income Taxes. During 2009, there was a change in control of the Company. Under section 382 of the Internal Revenue Code such a change in control negates much of the tax loss carry forward and deferred income tax. Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry forwards. For federal income tax purposes, the Company uses the accrual basis of accounting, the same that is used for financial reporting purposes. The Company did not have taxable income during 2022 or 2021. The Company's deferred tax assets consisted of the following as of December 31, 2022 and 2021: 2022 2021 Net operating loss $ 908,653 $ 753,258 Valuation allowance (908,653 ) (753,258 ) Net deferred tax asset $ - $ - As of December 31, 2022 and 2021, the Company's accumulated net operating loss carry forward was approximately $4,322,575 and $3,586,945. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
SUBSEQUENT EVENTS | ||
SUBSEQUENT EVENTS | NOTE 11 – SUBSEQUENT EVENTS On July 12, 2023, Michael Sheikh was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On July 18, 2023, the Company entered into a promissory note with Mike Zaman in the amount of $15,000 at an interest rate of 12%. On August 01, 2023, Dana Salzarulo was issued a warrant at a price of 0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. On August 04, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $12,000 at an interest rate of 12%. On August 07, 2023, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share. | NOTE 11 – SUBSEQUENT EVENTS On January 11, 2023, the Company entered into a promissory note with Mike Zaman in the amount of $1,100 at an interest rate of 12%. On January 23, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. On January 31, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. On February 14, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%. On March 23, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $18,000 at an interest rate of 12%. |
NATURE OF BUSINESS AND SUMMAR_2
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Policies) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||
Nature of Business | Crown Equity Holdings Inc. ("Crown Equity" or the "Company") was incorporated in August 1995 in Nevada. The Company offers through its digital network of websites, advertising branding, marketing solutions and other services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The Company focuses on the distribution of information for the purpose of bringing together its audience with the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. Crown Equity Holdings' objective is making its endeavor known as CRWE WORLD into a online news and information source, as well as a one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally. On January 27, 2020, the Company re-acquired from American Video Teleconferencing Corp. (AVOT) the online business iB2BGlobal.com, since it had not received the shares promised during the original sale. | Crown Equity Holdings Inc. ("Crown Equity" or the "Company") was incorporated in August 1995 in Nevada. The Company offers through its digital network of websites, advertising branding, marketing solutions and other services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The Company focuses on the distribution of information for the purpose of bringing together its audience with the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. Crown Equity Holdings' objective is making its endeavor known as CRWE WORLD into a global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally. In 2010, the Company formed two subsidiaries Crown Tele Services, Inc. and CRWE Direct, Inc. Crown Tele Services Inc. will provide voice over IP messaging at a competitive price to other competitors and CRWE Direct will provide its client with direct sales of products. This entity was divested at the end of 2017. In 2011, the Company formed a wholly owned subsidiary CRWE Real Estate Inc. CRWE Real Estate Inc. will hold real estate. CRWE Real Estate Inc., Crown Tele Services, Inc. and CRWE Direct, Inc. were sold in December of 2016 for aggregate consideration of $100, resulting in a gain of $5,967. In 2016, the company sale of the subsidiaries is not considered to be a strategic shift since there were minimal activities during the year in the subsidiaries. Assets - Intercompany - Total Assets sold - Cash 100 Payable assumed by buyer 5,867 Total Consideration 5,967 Gain on sale of subsidiaries 5,967 On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com since company had not received the shares promised during the original sale. |
Basis of Preparation | The accompanying financial statements include the financial information of Crown Equity Holdings Inc. ("Crown Equity", the "Company") have been prepared in accordance with the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the "SEC"). The preparation of these financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles ("GAAP"). In the opinion of the management, the financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein. | The accompanying financial statements include the financial information of Crown Equity Holdings Inc. (“Crown Equity”, the “Company”) have been prepared in accordance with the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the “SEC”). The preparation of these financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, the financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein. |
Reclassifications | Certain prior period amounts have been reclassified to conform to current period presentation. | Certain prior period amounts have been reclassified to conform to current period presentation. In February 2016, the FASB issued ASU 2016-02 “ Leases”, Leases” In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements. Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows. |
Accounting Standards not yet Adopted | In June 2016, the FASB issued ASU 2016-3, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instructions In August 2020, the FASB issued ASU 2020-6, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-6”), which simplifies the accounting for convertible instruments by removing the separation models for (1) convertible debt with a cash conversion feature and (2) convertible instruments with a beneficial conversion feature. Upon adoption, a convertible debt instrument will be accounted for as a single liability at amortized cost unless (a) the convertible instrument contains features that require bifurcation as a derivative under ASC 815, Derivatives and Hedging, or (b) the convertible debt instrument was issued at a substantial premium. These changes will reduce reported interest expense and increase reported net income for entities that have issued a convertible instrument that was bifurcated according to previously existing rules. ASU 2020-6 also requires the application of the if-converted method for calculating diluted earnings per share and the treasury stock method will be no longer available. The new guidance is effective for public entities excluding smaller reporting companies in fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. The company adopted early ASU 2020-6 on January 1, 2022. | |
Use of Estimates | The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are primarily used in our revenue recognition, long-lived asset impairments and adjustments, deferred tax, stock-based compensation, and reserves for legal matters. | The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are primarily used in our revenue recognition, long-lived asset impairments and adjustments, deferred tax, stock-based compensation, and reserves for legal matters. |
Cash and Cash Equivalents | Crown Equity considers all highly liquid investments purchased with an original maturity of three months or less to be cash and cash equivalents. | Crown Equity considers all highly liquid investments purchased with an original maturity of three months or less to be cash and cash equivalents. |
Stock-Based Compensation | The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at the grant date, based on the fair value of the award, and is recognized as expense over the requisite employee service period. Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company's common stock for common share issuances. | The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at grant date, based on the fair value of the award and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASU 2018-07 Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company's common stock for common share issuances. |
Revenue Recognition | The core principles of revenue recognition under ASC 606 include the following five criteria: 1. Identify the contract with the customer A contract with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company' preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists. 2. Identify the performance obligations in the contract Our sales and account management teams define the scope of services to be offered, to ensure all parties are in agreement and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations. 3. Determine the transaction price Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer. 4. Allocate the transaction price to the performance obligations in the contract If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase. 5. Recognize revenue when (or as) we satisfy a performance obligation The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on the Company’s advertising platform. The company generates analytical reports monthly or as required to show how the ad dollars were spent and how the targeting resulted in click-through. The report satisfies the performance obligation, regardless of the outcome or effectiveness of the campaign. Sales are recognized when promised services are started in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Sales for service contracts generally are recognized as the services that are being provided. Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ - $ - Accounting - - - 2,000 2,000 Click Based and Impressions Ads - - - 247 - 247 Publishing and Distribution - - - 310 150 460 Server - - - - - - $ - $ - $ - $ 557 $ 2,150 $ 2,707 There was not any revenue earned during the six-months period ending June 30, 2023. June 30, June 30, 2023 2022 Deferred Revenue $ - $ - Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed. | The core principles of revenue recognition under ASC 606 include the following five criteria: 1. Identify the contract with the customer Contract with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company’ preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists. 2. Identify the performance obligations in the contract Our sales and account management teams define the scope of services to be offered, to ensure all parties are in agreement and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations. 3. Determine the transaction price Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer. 4. Allocate the transaction price to the performance obligations in the contract If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase. 5. Recognize revenue when (or as) we satisfy a performance obligation The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on Company’s advertising platform. The company generates analytical reports monthly or as required to show how the ad dollars were spent and how the targeting resulted in click-through. The report satisfies the performance obligation, regardless of the outcome or effectiveness of the campaign. Sales are recognized when promised services are started in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Sales for service contracts generally are recognized as the services are being December 31, 2022 December 31, 2021 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ 10,200 $ 10,200 Click Based and Impression Ads $ 475 $ - $ 475 $ 517 $ - $ 517 Publishing and Distribution $ 310 $ 150 $ 460 $ 3,660 $ 1,283 $ 4,943 Accounting $ - $ 2,000 $ 2,000 $ - $ - $ - $ 785 $ 2,150 $ 2,935 $ 4,177 $ 11,483 $ 15,660 Revenues are received through advertising, click-based, and impression ads located on the Company’s websites, as well as from the publishing and disseminating of news and press releases. December 31, December 31, 2022 2021 Deferred Revenue $ - $ - Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed. |
Adoption of New Accounting Standard | In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. The Company adopted ASU 2016-13 in its first quarter of fiscal 2023 and found the adoption did not have a material effect or significant impact on its financial statements. | |
Accounts Receivable and Allowance for Doubtful Accounts | The Company establishes an allowance for bad debts through a review of several factors including historical collection experience, the current aging status of the customer accounts, and the financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of June 30, 2023 and December 31, 2022. | The Company establishes an allowance for bad debts through a review of several factors including historical collection experience, current aging status of the customer accounts, and financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of December 31, 2022 and 2021. |
Risk Concentrations | The Company does not hold cash in excess of federally insured limits. During the six-month period ending June 30, 2023, the Company did not receive any revenues from its available services. | As of December 31, 2022, 68% of the Company’s revenues were received through accounting services rendered, and 100% of the rendered accounting services revenue was received through a related party. 16% of the revenues received were from publishing and distribution services rendered by the Company, while 33% of the publishing and distribution revenue was received through a related party. The remaining revenue of 16% was from the displaying of click-based and impressions ads located on the company’s websites. During the year ending period of 2022, 73% of its revenues originated from a single related party with 27% of the revenue coming from third parties. During the year ending period of December 31, 2021, 65% of the Company’s revenues were received through advertisement services, and 100% of the advertisement revenue received from advertisement services was through a related party. 32% of the revenues were from the Company’s publishing and distribution services, while 8% of the publishing and distribution services revenue was received through a related party. The remaining revenue of 3% was from the displaying of click-based and impressions ads located on the company’s websites. |
General and Administrative Expenses | Crown Equity's general and administrative expenses consisted of the following types of expenses during 2023 and 2022: Compensation expense, auto, travel and entertainment, legal and accounting, utilities, websites, office expenses, depreciation, and other administrative related expenses. | Crown Equity's general and administrative expenses consisted of the following types of expenses during 2022 and 2021. Compensation expense, payroll expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation, and other administrative related expenses. |
Property and Equipment | Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity, or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on the disposition of equipment are reflected in operations. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. | Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity, or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. |
Impairment of Long-Lived Assets | The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses the recoverability of an asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on the expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2023 or 2022. | The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2022 or 2021. |
Basic and Diluted Net (Loss) per Share | Six Months June 30, 2023 Six Months June 30, 2022 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (37,778 ) $ (510,422 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (37,778 ) $ (510,422 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,385,047 13,333,692 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.00 ) $ (0.04 ) Diluted $ (0.00 ) $ (0.04 ) Three Months June 30, 2023 Three Months June 30, 2022 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (13,333 ) $ (204,884 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (13,333 ) $ (204,884 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,385,047 13,333,692 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.00 ) $ (0.04 ) Diluted $ (0.00 ) $ (0.04 ) When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the periods ended June 30, 2023, and 2022. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended June 30, 2023 is 21,485,067 and June 30, 2022 was 21,400,000. | December 31, 2022 2021 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (739,975 ) $ (450,793 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (739,975 ) $ (450,793 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,346,912 12,989,835 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.06 ) $ (0.03 ) Diluted $ (0.06 ) $ (0.03 ) When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the years ended December 31, 2022 and 2021. |
Income Taxes | In December 2017, the Tax Cuts and Jobs Act (the "Act") was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of this change, the Company's statutory tax rate for fiscal 2019 and 2020 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of June 30, 2023, and December 31, 2022, the Company has not reflected any amounts as a deferred tax asset due to the uncertainty of future profits to offset any net operating loss. The Company's deferred tax assets consisted of the following as of June 30, 2023 and December 31, 2022: June 30, 2023 Dec 31, 2022 Net operating loss $ 916,586 $ 908,653 Valuation allowance (916,586 ) (908,653 ) Net deferred tax asset - - | In December 2017, the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of this change, the Company’s statutory tax rate for fiscal 2019 and 2020 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of December 31, 2022, and December 31, 2021, the Company has not reflected any amounts as a deferred tax asset due to the uncertainty of future profits to offset any net operating loss. The Company’s deferred tax assets consisted of the following as of December 31, 2022 and December 31, 2021: Dec. 31, 2022 Dec. 31, 2021 Net operating loss $ 908,653 $ 753,258 Valuation allowance (908,653 ) (753,258 ) Net deferred tax asset - - |
Uncertain tax position | The Company also follows guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of June 30, 2023 and December 31, 2022. | The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of December 31, 2022 and 2021. |
Fair Value of Financial Instruments | The Company's financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. | Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”)820 , Fair Value Measurements and Disclosures Financial Instruments An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value. Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active. Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Our cash and brokerage accounts are measured at fair value on a recurring basis and estimated as follows. December 31, 2021 Total Level 1 Level 2 Level 3 Cash $ 4,320 $ 4,320 $ - $ - Investments in trading securities 558,945 558,945 - - Total $ 593,265 $ 593,265 $ - $ - December 31, 2022 Cash $ 2,930 $ 2,930 $ - $ - Investments in trading securities 0.00 0.00 - - Total $ 2,930 $ 2,930 $ - $ - The Company's financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. |
Research and Development | The Company spent no money for research and development costs during the periods ended June 30, 2023 and December 31, 2022. | The Company spent no money for research and development cost for the years ended December 31, 2022 and 2021. |
Advertising Cost | The Company spent $0 on advertising during the periods ended June 30, 2023 and June 30, 2022. | The Company spent no money for advertisement for the years ended December 31, 2022 and 2021. Depreciation expense was $7,513 and $5,485 for the years ended December 31, 2022 and 2021, respectively. |
Investments | The Company values its trading investments at market value based on the trading price at the balance sheet date. Any gains and losses are recorded in the period the gain or loss occurred. Investments include common stocks, exchange traded funds and money market mutual funds. Equity investments with readily determinable fair values are recorded as Trading Securities at Fair Value on the Balance Sheets. Changes in the fair value of such equity securities are reported in the Statements of Income. |
NATURE OF BUSINESS AND SUMMAR_3
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||
Schedule of gain on sale of subsidiary | Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ - $ - Accounting - - - 2,000 2,000 Click Based and Impressions Ads - - - 247 - 247 Publishing and Distribution - - - 310 150 460 Server - - - - - - $ - $ - $ - $ 557 $ 2,150 $ 2,707 | Assets - Intercompany - Total Assets sold - Cash 100 Payable assumed by buyer 5,867 Total Consideration 5,967 Gain on sale of subsidiaries 5,967 |
Schedule of Sales recognized | December 31, 2022 December 31, 2021 Third Party Related Party Total Third Party Related Party Total Advertising $ - $ - $ - $ - $ 10,200 $ 10,200 Click Based and Impression Ads $ 475 $ - $ 475 $ 517 $ - $ 517 Publishing and Distribution $ 310 $ 150 $ 460 $ 3,660 $ 1,283 $ 4,943 Accounting $ - $ 2,000 $ 2,000 $ - $ - $ - $ 785 $ 2,150 $ 2,935 $ 4,177 $ 11,483 $ 15,660 | |
Schedule of revenue | June 30, June 30, 2023 2022 Deferred Revenue $ - $ - | December 31, December 31, 2022 2021 Deferred Revenue $ - $ - |
Schedule of Basic and Diluted Net (Loss) per Share | Six Months June 30, 2023 Six Months June 30, 2022 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (37,778 ) $ (510,422 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (37,778 ) $ (510,422 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,385,047 13,333,692 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.00 ) $ (0.04 ) Diluted $ (0.00 ) $ (0.04 ) Three Months June 30, 2023 Three Months June 30, 2022 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (13,333 ) $ (204,884 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (13,333 ) $ (204,884 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,385,047 13,333,692 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.00 ) $ (0.04 ) Diluted $ (0.00 ) $ (0.04 ) | December 31, 2022 2021 Numerator: Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. $ (739,975 ) $ (450,793 ) Net (Loss) attributable to Crown Equity Holdings, Inc. $ (739,975 ) $ (450,793 ) Denominator: Weighted average common and common equivalent shares outstanding – basic and diluted 13,346,912 12,989,835 Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: Basic $ (0.06 ) $ (0.03 ) Diluted $ (0.06 ) $ (0.03 ) |
Schedule of fair value of cash and brokerage | December 31, 2021 Total Level 1 Level 2 Level 3 Cash $ 4,320 $ 4,320 $ - $ - Investments in trading securities 558,945 558,945 - - Total $ 593,265 $ 593,265 $ - $ - December 31, 2022 Cash $ 2,930 $ 2,930 $ - $ - Investments in trading securities 0.00 0.00 - - Total $ 2,930 $ 2,930 $ - $ - | |
Schedule of deferred tax assets | June 30, 2023 Dec 31, 2022 Net operating loss $ 916,586 $ 908,653 Valuation allowance (916,586 ) (908,653 ) Net deferred tax asset - - | Dec. 31, 2022 Dec. 31, 2021 Net operating loss $ 908,653 $ 753,258 Valuation allowance (908,653 ) (753,258 ) Net deferred tax asset - - |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
PROPERTY AND EQUIPMENT | ||
Schedule of property plant and equipment | June 30, 2023 Dec 31, 2022 Computers – 3 year estimated useful life $ 108,622 108,622 Less – Accumulated Depreciation (108,107 ) (106,115 ) Property and Equipment, net $ 515 2,507 | December 31, 2022 December 31, 2021 Computers – 3 year estimated useful life $ 108,622 $ 108,622 Less – Accumulated Depreciation (106,115 ) (98,602 ) Property and Equipment, net $ 2,507 $ 10,020 |
INVESTMENT TRADING SECURITIES_2
INVESTMENT TRADING SECURITIES AND MARGIN LOANS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
INVESTMENT TRADING SECURITIES AND MARGIN LOANS | |
Schedule of Trading Securities | Trading Securities Dec 31, 2022 Dec 31, 2021 Stocks $ 0.00 $ 588,945 |
CAPITAL LEASES (Tables)
CAPITAL LEASES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
FINANCE LEASES | ||
Schedule of the net book value of the finance lease | Assets June 30, 2023 Leased equipment under finance lease, $ 73,883 less accumulated amortization (73,368 ) Net $ 515 Liabilities June 30, 2023 Obligations under finance lease (current) $ 1,305 Obligations under finance lease (noncurrent) - Total $ 1,305 | Assets December 31, 2022 Leased equipment under finance lease, $ 73,883 less accumulated amortization (72,009 ) Net $ 1,874 Liabilities December 31, 2022 Obligations under finance lease (current) $ 2,868 Obligations under finance lease (noncurrent) 0 Total $ 2868 |
Schedule of future minimum lease payments | Years ended December 31 Finance Leases 2023 1,395 Thereafter - Total 1,395 Less: Imputed Interest (90 ) Total Liability 1,305 | Years ended December 31 Finance Leases 2023 3,038 Thereafter - Total Less: Imputed Interest 170 Total Liability 2,868 |
STOCK HOLDERS' DEFICIT (Tables)
STOCK HOLDERS' DEFICIT (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
STOCK HOLDERS' DEFICIT (Tables) | ||
Summary of Warrants Issued | Warrants Issued The following is a summary of the Company's warrant activity during the six-month periods ended June 30, 2023 and 2022: Number of Exercise Warrants Price Balance, January 1, 2023 21,400,000 $ 0.60 Issued - - Exercised - - Forfeited - - Balance, June 30, 2023 21,400,000 $ 0.60 Number of Exercise Warrants Price Balance, January 1, 2022 21,400,000 $ 0.60 Issued - - Exercised - - Forfeited - - Balance, June 30, 2022 21,400,000 $ 0.60 | Issue Date Issued To Shares Exercise price per share Warrant price per share Total Paid for Warrants 02/13/2020 Munti Consulting LLC 1,000,000 $ 0.60 $ 0.000025 $ 25.00 03/13/2020 BBCKQK Trust Kevin Wiltz 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/01/2020 Addicted 2 Marketing LLC 100,000 $ 0.60 $ 0.000025 $ 2.50 05/07/2020 Arnold F Sock 500,000 $ 0.60 $ 0.000025 $ 12.50 05/07/2020 Rudy Chacon 200,000 $ 0.60 $ 0.000025 $ 5.00 05/07/2020 Sadegh Salmassi 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Glen J Rineer 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Barry Cohen 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Steven A Fishman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Wendell & Sharon Piper 200,000 $ 0.60 $ 0.000025 $ 5.00 05/27/2020 James Bobrik 200,000 $ 0.60 $ 0.000025 $ 5.00 05/28/2020 Richard R Shehane 200,000 $ 0.60 $ 0.000025 $ 5.00 06/03/2020 Jeffery Connell 100,000 $ 0.60 $ 0.000025 $ 2.50 06/08/2020 Hassan M Oji 300,000 $ 0.60 $ 0.000025 $ 7.50 06/09/2020 Kim Smith 500,000 $ 0.60 $ 0.000025 $ 12.50 06/12/2020 Violet Gewerter 500,000 $ 0.60 $ 0.000025 $ 12.50 06/16/2020 Roy S Worbets 200,000 $ 0.60 $ 0.000025 $ 5.00 06/30/2020 Chris Knudsen 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Donald Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 08/13/2020 Monireh Sepahpour 500,000 $ 0.60 $ 0.000025 $ 12.50 08/18/2020 Monica Shayestehpour 1,000,000 $ 0.60 $ 0.000025 $ 25.00 09/02/2020 Hongsing Phou 200,000 $ 0.60 $ 0.000025 $ 5.00 09/08/2020 Pejham Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 09/15/2020 Salvatore Marasa 200,000 $ 0.60 $ 0.000025 $ 5.00 09/21/2020 Richard W LeAndro 500,000 $ 0.60 $ 0.000025 $ 12.50 09/21/2020 Richard W LeAndro Jr 500,000 $ 0.60 $ 0.000025 $ 12.50 09/25/2020 Seyed M Javad 200,000 $ 0.60 $ 0.000025 $ 5.00 10/06/2020 Nasrin Montazer 500,000 $ 0.60 $ 0.000025 $ 12.50 10/13/2020 Jagjit Dhaliwal 1,000,000 $ 0.60 $ 0.000025 $ 25.00 01/03/2021 Marjan Tina and Reno Suwarno 1,000,000 $ 0.60 $ 0.000025 $ 25.00 Total: 12,300,000 $ 307.50 Related Party: 03/13/2020 Willy A Saint-Hilaire 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/28/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 05/01/2020 Mike Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/01/2020 Montse Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Malcolm Ziman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Brett Matus 200,000 $ 0.60 $ 0.000025 $ 5.00 05/11/2020 Mohammad Sadrolashrafi 500,000 $ 0.60 $ 0.000025 $ 12.50 05/04/2020 Arnulfo Saucedo-Bardan 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Brian D. Colvin 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Jacob Colvin 200,000 $ 0.60 $ 0.000025 $ 5.00 05/19/2020 Joan R Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/19/2020 Marvin A. Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/20/2020 Willy Rafael Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 05/29/2020 Ybelka Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 06/09/2020 Kenneth Cornell Bosket 1,000,000 $ 0.60 $ 0.000025 $ 25.00 06/19/2020 Elvis E Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Theresa Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 07/10/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 9,100,000 227.50 |
FINANCE LEASES (Tables)
FINANCE LEASES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
FINANCE LEASES | ||
Schedule of the net book value of the finance lease | Assets June 30, 2023 Leased equipment under finance lease, $ 73,883 less accumulated amortization (73,368 ) Net $ 515 Liabilities June 30, 2023 Obligations under finance lease (current) $ 1,305 Obligations under finance lease (noncurrent) - Total $ 1,305 | Assets December 31, 2022 Leased equipment under finance lease, $ 73,883 less accumulated amortization (72,009 ) Net $ 1,874 Liabilities December 31, 2022 Obligations under finance lease (current) $ 2,868 Obligations under finance lease (noncurrent) 0 Total $ 2868 |
Schedule of future minimum lease payments | Years ended December 31 Finance Leases 2023 1,395 Thereafter - Total 1,395 Less: Imputed Interest (90 ) Total Liability 1,305 | Years ended December 31 Finance Leases 2023 3,038 Thereafter - Total Less: Imputed Interest 170 Total Liability 2,868 |
NOTES PAYABLE AND CONVERTIBLE_2
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES | ||
Schedule of Convertible Notes Payable | Name Original Note Date Due Date Interest Rate June 30, 2023 Related Party Notes Payable: Willy A. Saint-Hilaire 02/28/2022 02/28/2023 12 % 4,500 Mohammad Sadrolashrafi 11/17/2022 11/17/2023 12 % 5,000 Mike Zaman Irrevocable Trust 03/23/2023 03/23/2024 12 % 18,000 Mike Zaman Irrevocable Trust 05/08/2023 05/08/2024 12 % 5,800 Mike Zaman Irrevocable Trust 06/02/2023 06/02/2024 12 % 2,500 Mike Zaman Irrevocable Trust 06/20/2023 06/20/2024 12 % 3,000 Total Related Party Notes Payable 38,800 Related Party Convertible Notes Payable: Willy A. Saint-Hilaire 04/06/2021 04/06/2022 12 % - Willy A. Saint-Hilaire 04/16/2021 04/16/2022 12 % - Willy A. Saint-Hilaire 04/21/2021 04/21/2022 12 % 800 Willy A. Saint-Hilaire 04/30/2021 04/30/2022 15.15 % 2,750 Willy A. Saint-Hilaire 05/04/2021 05/04/2022 15.15 % 750 Jamie Hadfield 04/07/2022 04/07/2023 12 % 10,000 Mike Zaman Irrevocable Trust 12/25/2022 12/25/2023 12 % 2,000 Mike Zaman 01/11/2023 01/11/2024 12 % 1,100 Mike Zaman Irrevocable Trust 01/23/2023 01/23/2024 12 % 2,500 Mike Zaman Irrevocable Trust 01/31/2023 01/31/2024 12 % 1,000 Mike Zaman Irrevocable Trust 02/14/2023 02/14/2024 12 % 10,000 Total Convertible Related Party Notes Payable 30,900 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party 30,900 | Original Due Interest Conversion Dec. 31, Name Note Date Date Rate Rate 2022 Related Party Notes Payable: Willy A. Saint-Hilaire 03/12/2021 03/12/2022 16 % $ - - Willy A. Saint-Hilaire 02/28/2022 02/28/2023 12 % $ - 4,500 Mohammad Sadrolashrafi 11/17/2022 11/17/2023 12 % 5,000 Total Related Party Notes Payable 9,500 Related Party Convertible Notes Payable: Willy A. Saint-Hilaire 04/06/2021 04/06/2022 12 % $ - 900 Jamie Hadfield 04/07/2022 04/07/2023 12 % $ - 10,000 Willy A. Saint-Hilaire 04/16/2021 04/16/2022 12 % $ - 1,518 Willy A. Saint-Hilaire 04/21/2021 04/21/2022 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2022 12 % $ - - Willy A. Saint-Hilaire 04/30/2021 04/30/2022 15.15 % $ - 2,750 Willy A. Saint-Hilaire 05/04/2021 05/04/2022 15.15 % $ - 750 Willy A. Saint-Hilaire 05/21/2021 05/21/2022 0 % $ - - Mohammad Sadrolashrafi 09/09/2022 09/09/2023 12 % $ - - Mike Zaman Irrevocable Trust 12/25/2022 12/25/2023 12 % $ 2,000 Total Convertible Related Party Notes Payable 19,028 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party 19,028 Original Due Interest Conversion Dec. 31, Name Note Date Date Rate Rate 2021 Related Party Notes Payable: Willy A. Saint-Hilaire 03/12/2021 03/12/2022 16 % $ - 3,912 Related Party Convertible Notes Payable: Willy A. Saint-Hilaire 04/06/2021 04/06/2022 12 % $ - 2,500 Willy A. Saint-Hilaire 04/16/2021 04/16/2022 12 % $ - 1,518 Willy A. Saint-Hilaire 04/21/2021 04/21/2022 12 % $ - 1,110 Shahram Khial 04/22/2021 04/22/2022 12 % $ - 3,500 Willy A. Saint-Hilaire 04/30/2021 04/30/2022 15.15 % $ - 2,750 Willy A. Saint-Hilaire 05/04/2021 05/04/2022 15.15 % $ - 750 Willy A. Saint-Hilaire 05/21/2021 05/21/2022 0 % $ - 6,300 Total Convertible Related Party Notes Payable 18,428 Less: Debt Discount 0 Convertible Notes Payable, net of Discount - Related Party - Third Party Non-Convertible Notes Payable: Small Business Administration – EIDL 04/30/2020 04/30/2050 3.75 % $ 4,000 Total Third Party Non-Convertible Notes Payable 4,000 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
COMMITMENTS AND CONTINGENCIES | ||
Summary of Warrants Issued | Warrants Issued The following is a summary of the Company's warrant activity during the six-month periods ended June 30, 2023 and 2022: Number of Exercise Warrants Price Balance, January 1, 2023 21,400,000 $ 0.60 Issued - - Exercised - - Forfeited - - Balance, June 30, 2023 21,400,000 $ 0.60 Number of Exercise Warrants Price Balance, January 1, 2022 21,400,000 $ 0.60 Issued - - Exercised - - Forfeited - - Balance, June 30, 2022 21,400,000 $ 0.60 | Issue Date Issued To Shares Exercise price per share Warrant price per share Total Paid for Warrants 02/13/2020 Munti Consulting LLC 1,000,000 $ 0.60 $ 0.000025 $ 25.00 03/13/2020 BBCKQK Trust Kevin Wiltz 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/01/2020 Addicted 2 Marketing LLC 100,000 $ 0.60 $ 0.000025 $ 2.50 05/07/2020 Arnold F Sock 500,000 $ 0.60 $ 0.000025 $ 12.50 05/07/2020 Rudy Chacon 200,000 $ 0.60 $ 0.000025 $ 5.00 05/07/2020 Sadegh Salmassi 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Glen J Rineer 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Barry Cohen 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Steven A Fishman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/13/2020 Wendell & Sharon Piper 200,000 $ 0.60 $ 0.000025 $ 5.00 05/27/2020 James Bobrik 200,000 $ 0.60 $ 0.000025 $ 5.00 05/28/2020 Richard R Shehane 200,000 $ 0.60 $ 0.000025 $ 5.00 06/03/2020 Jeffery Connell 100,000 $ 0.60 $ 0.000025 $ 2.50 06/08/2020 Hassan M Oji 300,000 $ 0.60 $ 0.000025 $ 7.50 06/09/2020 Kim Smith 500,000 $ 0.60 $ 0.000025 $ 12.50 06/12/2020 Violet Gewerter 500,000 $ 0.60 $ 0.000025 $ 12.50 06/16/2020 Roy S Worbets 200,000 $ 0.60 $ 0.000025 $ 5.00 06/30/2020 Chris Knudsen 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Donald Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 08/13/2020 Monireh Sepahpour 500,000 $ 0.60 $ 0.000025 $ 12.50 08/18/2020 Monica Shayestehpour 1,000,000 $ 0.60 $ 0.000025 $ 25.00 09/02/2020 Hongsing Phou 200,000 $ 0.60 $ 0.000025 $ 5.00 09/08/2020 Pejham Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 09/15/2020 Salvatore Marasa 200,000 $ 0.60 $ 0.000025 $ 5.00 09/21/2020 Richard W LeAndro 500,000 $ 0.60 $ 0.000025 $ 12.50 09/21/2020 Richard W LeAndro Jr 500,000 $ 0.60 $ 0.000025 $ 12.50 09/25/2020 Seyed M Javad 200,000 $ 0.60 $ 0.000025 $ 5.00 10/06/2020 Nasrin Montazer 500,000 $ 0.60 $ 0.000025 $ 12.50 10/13/2020 Jagjit Dhaliwal 1,000,000 $ 0.60 $ 0.000025 $ 25.00 01/03/2021 Marjan Tina and Reno Suwarno 1,000,000 $ 0.60 $ 0.000025 $ 25.00 Total: 12,300,000 $ 307.50 Related Party: 03/13/2020 Willy A Saint-Hilaire 1,000,000 $ 0.60 $ 0.000025 $ 25.00 04/28/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 05/01/2020 Mike Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/01/2020 Montse Zaman 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Malcolm Ziman 200,000 $ 0.60 $ 0.000025 $ 5.00 05/08/2020 Brett Matus 200,000 $ 0.60 $ 0.000025 $ 5.00 05/11/2020 Mohammad Sadrolashrafi 500,000 $ 0.60 $ 0.000025 $ 12.50 05/04/2020 Arnulfo Saucedo-Bardan 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Brian D. Colvin 1,000,000 $ 0.60 $ 0.000025 $ 25.00 05/08/2020 Jacob Colvin 200,000 $ 0.60 $ 0.000025 $ 5.00 05/19/2020 Joan R Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/19/2020 Marvin A. Saint-Hilaire 100,000 $ 0.60 $ 0.000025 $ 2.50 05/20/2020 Willy Rafael Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 05/29/2020 Ybelka Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 06/09/2020 Kenneth Cornell Bosket 1,000,000 $ 0.60 $ 0.000025 $ 25.00 06/19/2020 Elvis E Saint-Hilaire 200,000 $ 0.60 $ 0.000025 $ 5.00 07/01/2020 Theresa Kitt 200,000 $ 0.60 $ 0.000025 $ 5.00 07/10/2020 Shahram Khial 500,000 $ 0.60 $ 0.000025 $ 12.50 9,100,000 227.50 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
INCOME TAXES | ||
Schedule of Deferred Tax | June 31, 2023 December 31, 2022 Net operating loss $ 916,586 $ 908,653 Valuation allowance (916,586 ) (908,653 ) Net deferred tax asset $ - $ - | 2022 2021 Net operating loss $ 908,653 $ 753,258 Valuation allowance (908,653 ) (753,258 ) Net deferred tax asset $ - $ - |
NATURE OF BUSINESS AND SUMMAR_4
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Advertising | $ 0 | $ 0 | ||
Assets | 3,680 | $ 5,437 | $ 603,285 | |
Click Based and Impressions Ads | 0 | 247 | 475 | 517 |
Cash | 3,165 | 2,930 | 4,320 | |
Server | 0 | 0 | ||
Related Party [Member] | ||||
Advertising | 0 | 0 | ||
Accounting | 0 | 2,000 | ||
Click Based and Impressions Ads | 0 | 0 | 0 | $ 0 |
Publishing and Distribution | 0 | 150 | ||
Server | 0 | 0 | ||
Total sales | 0 | 2,150 | ||
Third Party [Member] | ||||
Advertising | 0 | 0 | ||
Accounting | 0 | 2,000 | ||
Click Based and Impressions Ads | 0 | 247 | ||
Publishing and Distribution | 0 | 460 | ||
Server | 0 | 0 | ||
Total sales | $ 0 | $ 2,707 | ||
CRWE Real Estate Inc. [Member] | ||||
Gain on sale of subsidiaries | 5,967 | |||
CRWE Real Estate Inc. [Member] | 2016 [Member] | ||||
Assets | 0 | |||
Intercompany | 0 | |||
Total Assets sold | 0 | |||
Cash | 100 | |||
Payable assumed by buyer | 5,867 | |||
Total Consideration | 5,967 | |||
Gain on sale of subsidiaries | $ 5,967 |
NATURE OF BUSINESS AND SUMMAR_5
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Advertising | 0 | 10,200 | ||
Click Based and Impressions Ads | 0 | 247 | 475 | 517 |
Publishing and Distribution | 460 | 4,943 | ||
Accounting | 2,000 | 0 | ||
Total sales | 2,935 | 15,660 | ||
Related Party [Member] | ||||
Advertising | 0 | 10,200 | ||
Click Based and Impressions Ads | $ 0 | $ 0 | 0 | 0 |
Publishing and Distribution | 150 | 1,283 | ||
Accounting | 2,000 | 0 | ||
Total sales | 2,150 | 11,483 | ||
Third Party [Member] | ||||
Advertising | 0 | 0 | ||
Click Based and Impressions Ads | 475 | 517 | ||
Publishing and Distribution | 310 | 3,660 | ||
Accounting | 0 | 0 | ||
Total sales | $ 785 | $ 4,177 |
NATURE OF BUSINESS AND SUMMAR_6
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 2) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||||||
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. | $ (13,333) | $ (204,884) | $ (37,778) | $ (510,422) | $ (739,975) | $ (450,793) |
Deferred Revenue | 0 | 0 | 0 | 0 | ||
Net (Loss) attributable to Crown Equity Holdings, Inc. | $ (13,333) | $ (204,884) | $ (37,778) | $ (510,422) | $ (739,975) | $ (450,793) |
Denominator: | ||||||
Weighted average common and common equivalent shares outstanding-basic and diluted | 13,385,047 | 13,333,692 | 13,385,047 | 13,333,692 | ||
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: | ||||||
Basic | $ 0 | $ (0.04) | $ 0 | $ (0.04) | $ (0.06) | $ (0.03) |
Diluted | $ 0 | $ (0.04) | $ 0 | $ (0.04) | $ (0.06) | $ (0.03) |
NATURE OF BUSINESS AND SUMMAR_7
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 3) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | ||||||
Net operating loss | $ 916,586 | $ 916,586 | $ 908,653 | $ 753,258 | ||
Numerator: | ||||||
Valuation allowance | (916,586) | (916,586) | (908,653) | (753,258) | ||
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc. | (13,333) | $ (204,884) | (37,778) | $ (510,422) | (739,975) | (450,793) |
Net (Loss) attributable to Crown Equity Holdings, Inc. | (13,333) | $ (204,884) | (37,778) | $ (510,422) | (739,975) | (450,793) |
Net deferred Tax asset | $ 0 | $ 0 | $ 0 | $ 0 | ||
Denominator: | ||||||
Weighted average common and common equivalent shares outstanding-basic and diluted | 13,346,912 | 12,989,835 | ||||
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.: | ||||||
Basic | $ 0 | $ (0.04) | $ 0 | $ (0.04) | $ (0.06) | $ (0.03) |
Diluted | $ 0 | $ (0.04) | $ 0 | $ (0.04) | $ (0.06) | $ (0.03) |
NATURE OF BUSINESS AND SUMMAR_8
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 4) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES | |||
Net operating loss | $ 916,586 | $ 908,653 | $ 753,258 |
Valuation allowance | (916,586) | (908,653) | (753,258) |
Net deferred Tax asset | $ 0 | $ 0 | $ 0 |
NATURE OF BUSINESS AND SUMMAR_9
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 5) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Cash | $ 3,165 | $ 2,930 | $ 4,320 |
Investments in trading securities | 0 | 558,945 | |
Total | 2,930 | 593,265 | |
Level 1 [Member] | |||
Cash | 2,930 | 4,320 | |
Investments in trading securities | 0 | 558,945 | |
Total | 2,930 | 593,265 | |
Level 2 [Member] | |||
Cash | 0 | 0 | |
Investments in trading securities | 0 | 0 | |
Total | 0 | 0 | |
Level 3 [Member] | |||
Cash | 0 | 0 | |
Investments in trading securities | 0 | 0 | |
Total | $ 0 | $ 0 |
NATURE OF BUSINESS AND SUMMA_10
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Reduced The Federal Statutory Corporate Tax Rate | the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018 | |||||
Depreciation expenses | $ 996 | $ 2,216 | $ 1,992 | $ 4,043 | $ 7,513 | $ 5,485 |
Advertisement | $ 0 | $ 0 | ||||
Corporate Tax Rate | 21% | 21% | ||||
Uncertain Tax Position Description | the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of June 30, 2023 and December 31, 2022 | the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of December 31, 2022 and 2021 | ||||
Potential anti-dilutive shares | 21,485,067 | 21,400,000 | ||||
Revenues were from accounting services | 68% | |||||
Accounting revenue earned were through a related party | 100% | |||||
Revenues being received through the publishing and distribution | 16% | 32% | ||||
Publishing and distribution revenue received were also received through a Company related party | 33% | 8% | ||||
Revenue earned was received from the display of click-based | 16% | 3% | ||||
Revenue received through advertisement services | 65% | |||||
Advertisement Revenue received through related party | $ 100 | |||||
Revenue from related party | 73% | |||||
Revenue received from third parties | 27% | |||||
CRWE Real Estate Inc. [Member] | ||||||
Aggregate consideration | $ 100 | |||||
Gain on sale of subsidiaries | $ 5,967 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
GOING CONCERN | |||
Accumulated Deficit | $ (14,194,620) | $ (14,156,842) | $ (13,416,867) |
Working Capital Deficit | $ (1,418,624) | $ (1,382,838) |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Less - Accumulated Depreciation | $ (108,107) | $ (106,115) | |
Computers - 3 Year Estimated Useful Life | 108,622 | 108,622 | |
Property And Equipment, Net | $ 515 | 2,507 | $ 10,020 |
Computer Equipment [Member] | |||
Computers - 3 Year Estimated Useful Life | 108,622 | 108,622 | |
Less - Accumulated Depreciation | (106,115) | (98,602) | |
Property And Equipment, Net | $ 2,507 | $ 10,020 |
PROPERTY AND EQUIPMENT (Detai_2
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Depreciation | $ 996 | $ 2,216 | $ 1,992 | $ 4,043 | $ 7,513 | $ 5,485 |
Capitalized Property | $ 1,000 | |||||
Capitalized Property | $ 1,000 | $ 1,000 | ||||
Minimum Range [Member] | ||||||
Estimated useful life | 3 years | 3 years | ||||
Maximum Range [Member] | ||||||
Estimated useful life | 7 years | 7 years |
INVESTMENT TRADING SECURITIES_3
INVESTMENT TRADING SECURITIES AND MARGIN LOANS (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Stocks | $ 0 | $ 588,945 |
Trading Securities [Member] | ||
Stocks | $ 0 | $ 588,945 |
INVESTMENT TRADING SECURITIES_4
INVESTMENT TRADING SECURITIES AND MARGIN LOANS (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
Sep. 30, 2021 | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
INVESTMENT TRADING SECURITIES AND MARGIN LOANS | ||||
Consisting of stocks | $ 0 | $ 588,945 | ||
Offset margin loan | $ 0 | $ 263,151 | ||
Collateralized securities annual interest, rate | 7.50% | 7.50% | ||
Stocks, value | $ 0 | |||
Margin loan amount | $ 0 | |||
Cash transferred from accounts to brokerage account | $ 200,000 | |||
Collateralized securities annual interest, rate | 7.50% | |||
Margin loan interest | $ 4,617 | $ 1,257 | ||
Margin loan interest | $ 0 | |||
Cash transfer to brokerage account | $ 200,000 |
CAPITAL LEASES (Details)
CAPITAL LEASES (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Assets | ||
Leased equipment under finance lease | $ 73,883 | |
Less accumulated amortization | (72,009) | |
Net | 1,874 | |
Liabilities | ||
Obligations under finance lease (current) | $ 1,305 | 2,868 |
Obligations under finance lease (noncurrent) | $ 0 | 0 |
Total | $ 2,868 |
CAPITAL LEASES (Details 1)
CAPITAL LEASES (Details 1) - Finance Leases [Member] - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
2023 | $ 1,395 | $ 3,038 |
Thereafter | 0 | 0 |
Less: Imputed Interest | (170) | |
Total Liability | $ 1,305 | $ 2,868 |
CAPITAL LEASES (Details Narrati
CAPITAL LEASES (Details Narrative) | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
FINANCE LEASES | |
Payment against capital lease | $ 15,301 |
NOTES PAYABLE AND CONVERTIBLE_3
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Mike Zaman Irrevocable Trust 4 [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Feb. 14, 2023 | ||
Note payable | $ 10,000 | ||
Interest Rate | 12% | ||
Due Date | Feb. 14, 2024 | ||
Related Party Sixty [Member] | Convertible Notes Payable [Member] | |||
Total Convertible Related Party Notes Payable | $ 19,028 | ||
Less: Debt Discount | $ 0 | $ 0 | |
Convertible Notes Payable, net of Discount - Related Party | $ 0 | ||
Willy A. Saint-Hilaire [Member] | |||
Original Note Date | Mar. 13, 2020 | ||
Willy A. Saint-Hilaire [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Apr. 06, 2021 | Apr. 06, 2021 | Apr. 06, 2021 |
Note payable | $ 0 | $ 900 | $ 2,500 |
Interest Rate | 12% | 12% | 12% |
Conversion Rate | $ 0 | ||
Due Date | Apr. 06, 2022 | Apr. 06, 2022 | Apr. 06, 2022 |
Willy A. Saint-Hilaire [Member] | Related Party Notes Payable [Member] | |||
Original Note Date | Feb. 28, 2022 | Mar. 12, 2021 | Mar. 12, 2021 |
Note payable | $ 4,500 | $ 4,500 | $ 3,912 |
Interest Rate | 12% | 16% | 16% |
Conversion Rate | $ 0 | $ 0 | |
Due Date | Feb. 28, 2023 | Mar. 12, 2022 | Mar. 12, 2022 |
Total Related Party Notes Payable [Member] | |||
Note payable | $ 38,800 | $ 9,500 | |
Mohammad Sadrolashrafi [Member] | |||
Original Note Date | May 11, 2020 | ||
Mohammad Sadrolashrafi [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Sep. 09, 2022 | ||
Note payable | $ 0 | ||
Interest Rate | 12% | ||
Conversion Rate | $ 0 | ||
Due Date | Sep. 09, 2023 | ||
Mohammad Sadrolashrafi [Member] | Related Party Notes Payable [Member] | |||
Original Note Date | Nov. 17, 2022 | Nov. 17, 2022 | |
Note payable | $ 5,000 | $ 5,000 | |
Interest Rate | 12% | 12% | |
Due Date | Nov. 17, 2023 | Nov. 17, 2023 | |
Willy A. Saint-Hilaire 1 [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Apr. 16, 2021 | Apr. 16, 2021 | Apr. 16, 2021 |
Note payable | $ 0 | $ 1,518 | $ 1,518 |
Interest Rate | 12% | 12% | 12% |
Conversion Rate | $ 0 | $ 0 | |
Due Date | Apr. 16, 2022 | Apr. 16, 2022 | Apr. 16, 2022 |
Willy A. Saint-Hilaire 2 [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Apr. 21, 2021 | Apr. 21, 2021 | Apr. 21, 2021 |
Note payable | $ 800 | $ 1,110 | $ 1,110 |
Interest Rate | 12% | 12% | 12% |
Conversion Rate | $ 0 | $ 0 | |
Due Date | Apr. 21, 2022 | Apr. 21, 2022 | Apr. 21, 2022 |
Willy A. Saint-Hilaire 3 [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Apr. 30, 2021 | Apr. 30, 2021 | Apr. 30, 2021 |
Note payable | $ 2,750 | $ 2,750 | $ 2,750 |
Interest Rate | 15.15% | 15% | 15% |
Conversion Rate | $ 0 | $ 0 | |
Due Date | Apr. 30, 2022 | Apr. 30, 2022 | Apr. 30, 2022 |
Willy A. Saint-Hilaire 4 [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | May 04, 2021 | May 04, 2021 | May 04, 2021 |
Note payable | $ 750 | $ 750 | $ 750 |
Interest Rate | 15.15% | 15% | 15% |
Conversion Rate | $ 0 | $ 0 | |
Due Date | May 04, 2022 | May 04, 2022 | May 04, 2022 |
Willy A. Saint-Hilaire 5 [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | May 21, 2021 | May 21, 2021 | |
Note payable | $ 0 | $ 6,300 | |
Conversion Rate | $ 0 | $ 0 | |
Due Date | May 21, 2022 | May 21, 2022 | |
Jamie Hadfield [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Apr. 07, 2022 | Apr. 07, 2022 | |
Note payable | $ 10,000 | $ 10,000 | |
Interest Rate | 12% | 12% | |
Conversion Rate | $ 0 | ||
Due Date | Apr. 07, 2023 | Apr. 07, 2023 | |
Shahram Khial [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Apr. 22, 2021 | Apr. 22, 2021 | |
Note payable | $ 0 | $ 3,500 | |
Interest Rate | 12% | 12% | |
Conversion Rate | $ 0 | $ 0 | |
Due Date | Apr. 22, 2022 | Apr. 22, 2022 | |
Mike Zaman Irrevocable Trust [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Dec. 25, 2022 | Dec. 25, 2022 | |
Note payable | $ 2,000 | $ 2,000 | |
Interest Rate | 12% | 12% | |
Due Date | Dec. 25, 2023 | Dec. 25, 2023 | |
Mike Zaman Irrevocable Trust [Member] | Related Party Notes Payable [Member] | |||
Original Note Date | Mar. 23, 2023 | ||
Note payable | $ 18,000 | ||
Interest Rate | 12% | ||
Due Date | Mar. 23, 2024 | ||
Total Convertible Related Party Notes Payable [Member] | Convertible Related Party Notes Payable [Member] | |||
Note payable | $ 30,900 | $ 19,028 | $ 18,428 |
Small Business Administration EIDL [Member] | Third Party Non-Convertible Notes Payable [Member] | |||
Original Note Date | Apr. 30, 2020 | ||
Note payable | $ 4,000 | ||
Interest Rate | 3.75% | ||
Due Date | Apr. 30, 2050 | ||
Total Third Party Non Convertible Notes Payable [Member] | |||
Note payable | $ 4,000 | ||
Mike Zaman [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Jan. 11, 2023 | ||
Note payable | $ 1,100 | ||
Interest Rate | 12% | ||
Due Date | Jan. 11, 2024 | ||
Mike Zaman Irrevocable Trust 2 [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Jan. 23, 2023 | ||
Note payable | $ 2,500 | ||
Interest Rate | 12% | ||
Due Date | Jan. 23, 2024 | ||
Mike Zaman Irrevocable Trust 2 [Member] | Related Party Notes Payable [Member] | |||
Original Note Date | Jun. 02, 2023 | ||
Note payable | $ 2,500 | ||
Interest Rate | 12% | ||
Due Date | Jun. 02, 2024 | ||
Mike Zaman Irrevocable Trust 3 [Member] | Convertible Related Party Notes Payable [Member] | |||
Original Note Date | Jan. 31, 2023 | ||
Note payable | $ 1,000 | ||
Interest Rate | 12% | ||
Due Date | Jan. 31, 2023 | ||
Mike Zaman Irrevocable Trust 3 [Member] | Related Party Notes Payable [Member] | |||
Original Note Date | Jun. 20, 2023 | ||
Note payable | $ 3,000 | ||
Interest Rate | 12% | ||
Due Date | Jun. 20, 2024 | ||
Related Party Four [Member] | Convertible Notes Payable [Member] | |||
Total Convertible Related Party Notes Payable | $ 30,900 | ||
Less: Debt Discount | $ 0 | ||
Mike Zaman Irrevocable Trust 1 [Member] | Related Party Notes Payable [Member] | |||
Original Note Date | May 08, 2023 | ||
Note payable | $ 5,800 | ||
Interest Rate | 12% | ||
Due Date | May 08, 2024 |
NOTES PAYABLE AND CONVERTIBLE_4
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details Narrative) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 25, 2022 | Dec. 20, 2022 | Nov. 21, 2022 | Nov. 17, 2022 | Oct. 21, 2022 | Sep. 15, 2022 | Sep. 09, 2022 | Aug. 10, 2022 | Jun. 30, 2022 | Apr. 07, 2022 | Mar. 31, 2022 | Feb. 28, 2022 | Dec. 31, 2021 | May 21, 2021 | May 04, 2021 | Apr. 30, 2021 | Apr. 22, 2021 | Apr. 21, 2021 | Apr. 16, 2021 | Apr. 06, 2021 | Mar. 12, 2021 |
Unamortized Discount | $ 0 | $ 0 | $ 0 | ||||||||||||||||||||
Convertible Notes Payable [Member] | Mike Zaman Irrevocable Trust [Member] | |||||||||||||||||||||||
Note Payable | $ 2,000 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | 2,000 | 2,000 | |||||||||||||||||||||
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||
Note Payable | $ 2,012 | $ 9,332 | |||||||||||||||||||||
Payment of promissory note | $ 400 | ||||||||||||||||||||||
Note Payable addition | 1,212 | ||||||||||||||||||||||
Balance | 800 | ||||||||||||||||||||||
Interest Rate | 16% | ||||||||||||||||||||||
Monthly Installments | $ 5,421 | ||||||||||||||||||||||
Mohammad Sadrolashrafi [Member] | Convertible Notes Payable [Member] | |||||||||||||||||||||||
Note Payable | $ 5,000 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | 0 | ||||||||||||||||||||||
April 7, 2022 [Member] | Jamie Hadfield [Member] | Convertible Promissory Note [Member] | |||||||||||||||||||||||
Note Payable | $ 10,000 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | 10,000 | $ 10,000 | |||||||||||||||||||||
November 17, 2022 [Member] | Convertible Promissory Note [Member] | Mohammad Sadrolashrafi [Member] | |||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
November 17, 2022 [Member] | Convertible Notes Payable [Member] | Mohammad Sadrolashrafi [Member] | |||||||||||||||||||||||
Note Payable | $ 5,000 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | 5,000 | $ 2,000 | |||||||||||||||||||||
April 6, 2021 [Member] | Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||
Note Payable | $ 2,500 | ||||||||||||||||||||||
Payment of promissory note | $ 400 | $ 400 | $ 400 | $ 400 | |||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | 900 | 900 | |||||||||||||||||||||
April 16, 2021 [Member] | Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||
Note Payable | $ 1,518 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | 1,518 | 1,518 | |||||||||||||||||||||
April 21, 2021 [Member] | Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||
Note Payable | $ 1,109 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | 800 | 1,110 | |||||||||||||||||||||
April 22, 2021 [Member] | Shahram Khial [Member] | Convertible Promissory Note [Member] | |||||||||||||||||||||||
Note Payable | $ 3,500 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | 0 | ||||||||||||||||||||||
April 30, 2021 [Member] | Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||
Note Payable | $ 2,750 | ||||||||||||||||||||||
Interest Rate | 15.15% | ||||||||||||||||||||||
Pricipal Balance | 2,750 | 2,750 | |||||||||||||||||||||
May 4, 2021 [Member] | Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||
Note Payable | $ 750 | ||||||||||||||||||||||
Interest Rate | 15.15% | ||||||||||||||||||||||
Pricipal Balance | 750 | 750 | |||||||||||||||||||||
May 21, 2021 [Member] | Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||
Note Payable | $ 7,280 | ||||||||||||||||||||||
Note Payable addition | $ 300 | ||||||||||||||||||||||
Balance | 4,600 | $ 4,600 | |||||||||||||||||||||
Pricipal Balance | 0 | $ 4,900 | |||||||||||||||||||||
February 28, 2022 [Member] | Convertible Promissory Note [Member] | Willy A. Saint-Hilaire [Member] | |||||||||||||||||||||||
Note Payable | $ 4,500 | ||||||||||||||||||||||
Interest Rate | 12% | 0% | |||||||||||||||||||||
Pricipal Balance | 4,500 | $ 4,500 | |||||||||||||||||||||
January 23, 2023 [Member] | Convertible Notes Payable [Member] | Mike Zaman Irrevocable Trust [Member] | |||||||||||||||||||||||
Note Payable | $ 2,500 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | $ 2,500 | ||||||||||||||||||||||
January 31, 2023 [Member] | Convertible Notes Payable [Member] | Mike Zaman Irrevocable Trust [Member] | |||||||||||||||||||||||
Note Payable | $ 1,000 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | $ 1,000 | ||||||||||||||||||||||
February 14, 2023 [Member] | Convertible Notes Payable [Member] | Mike Zaman Irrevocable Trust [Member] | |||||||||||||||||||||||
Note Payable | $ 10,000 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | $ 10,000 | ||||||||||||||||||||||
March 23, 2023 [Member] | Convertible Notes Payable [Member] | Mike Zaman Irrevocable Trust [Member] | |||||||||||||||||||||||
Note Payable | $ 18,000 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | $ 18,000 | ||||||||||||||||||||||
January 11, 2023 [Member] | Convertible Promissory Note [Member] | Mike Jaman [Member] | |||||||||||||||||||||||
Note Payable | $ 1,100 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | $ 1,100 | ||||||||||||||||||||||
May 08, 2023 [Member] | Convertible Notes Payable [Member] | Mike Zaman Irrevocable Trust [Member] | |||||||||||||||||||||||
Note Payable | $ 5,800 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | $ 5,800 | ||||||||||||||||||||||
June 20, 2023 [Member] | Convertible Notes Payable [Member] | Mike Zaman Irrevocable Trust [Member] | |||||||||||||||||||||||
Note Payable | $ 3,000 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | $ 3,000 | ||||||||||||||||||||||
June 02, 2023 [Member] | Convertible Notes Payable [Member] | Mike Zaman Irrevocable Trust [Member] | |||||||||||||||||||||||
Note Payable | $ 2,500 | ||||||||||||||||||||||
Interest Rate | 12% | ||||||||||||||||||||||
Pricipal Balance | $ 2,500 |
COMMITMENTS AND CONTINGENCIES_2
COMMITMENTS AND CONTINGENCIES (Details) - USD ($) | Aug. 07, 2023 | Dec. 31, 2022 | Oct. 13, 2020 | Oct. 06, 2020 | Sep. 25, 2020 | Sep. 21, 2020 | Sep. 15, 2020 | Sep. 08, 2020 | Sep. 02, 2020 | Aug. 18, 2020 | Aug. 13, 2020 | Jul. 10, 2020 | Jul. 01, 2020 | Jun. 30, 2020 | Jun. 19, 2020 | Jun. 16, 2020 | Jun. 12, 2020 | Jun. 09, 2020 | Jun. 08, 2020 | Jun. 03, 2020 | May 29, 2020 | May 28, 2020 | May 27, 2020 | May 20, 2020 | May 19, 2020 | May 13, 2020 | May 11, 2020 | May 08, 2020 | May 07, 2020 | May 04, 2020 | Apr. 28, 2020 | Apr. 01, 2020 | Mar. 13, 2020 | Feb. 13, 2020 |
Fair value of warrants issued | $ 30,750 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 12,300,000 | |||||||||||||||||||||||||||||||||
Mike Zaman [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | |||||||||||||||||||||||||||||||||
Original note date | May 01, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Shahram Khial One [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | Jul. 10, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Shahram Khial [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | Apr. 28, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||
Marvin A Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 250 | $ 2 | ||||||||||||||||||||||||||||||||
Original note date | May 19, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Joan R. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 250 | $ 2 | ||||||||||||||||||||||||||||||||
Original note date | May 19, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Arnold F. Sock [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | May 07, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Munti Consulting LLC [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||
Original note date | Feb. 13, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Arnulfo Saucedo-Bardan [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||
Original note date | May 04, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Rudy Chacon [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 07, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Brett Matus [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Jacob Colvin [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Wendell and Sharon Piper [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 13, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Willy Rafael Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 20, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Ybelka Saint Hilaire [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 29, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Roy S Worbets [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | Jun. 16, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Montse Zaman [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | |||||||||||||||||||||||||||||||||
Original note date | May 01, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Kenneth Cornell Bosket [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | |||||||||||||||||||||||||||||||||
Original note date | Jun. 09, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Related Party [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 22,750 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 9,100,000 | |||||||||||||||||||||||||||||||||
Pejham Khial [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | Sep. 08, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Monireh Sepahpour [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | Aug. 13, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Elvis E. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | Jun. 19, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Violet Gewerter [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | Jun. 12, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Kim Smith [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | Jun. 09, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Hassan M. Oji [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 750 | |||||||||||||||||||||||||||||||||
Original note date | Jun. 08, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 300,000 | 300,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Jeffery Connell [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 250 | $ 2 | ||||||||||||||||||||||||||||||||
Original note date | Jun. 03, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Addicted 2 Marketing LLC [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 250 | $ 2 | ||||||||||||||||||||||||||||||||
Original note date | Apr. 01, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
BBCKQK Trust Kevin Wiltz [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||
Original note date | Mar. 13, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||
Original note date | Mar. 13, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Richard W LeAndro Jr [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | |||||||||||||||||||||||||||||||||
Original note date | Sep. 21, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Richard W LeAndro [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | Sep. 21, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Sadegh Salmassi [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 07, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Glen J. Rineer [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Barry Cohen [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Malcolm Ziman [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Brian D. Colvin [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||
Original note date | May 08, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Steven A. Fishman [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 13, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
James Bobrik [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 27, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Richard R Shehane [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | May 28, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Mohammad Sadrolashrafi [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||
Original note date | May 11, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||
Chris Knudsen [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | Jun. 30, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Theresa Kitt [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | Jul. 01, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Nasrin Montazer [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | |||||||||||||||||||||||||||||||||
Original note date | Oct. 06, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Monica Shayestehpour [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||
Original note date | Aug. 18, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Hongsing Phou [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | Sep. 02, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Seyed M. Javad [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 12 | $ 5 | |||||||||||||||||||||||||||||||
Original note date | Sep. 25, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Salvatore Marasa [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||
Original note date | Sep. 15, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Jagjit Dhaliwal [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | |||||||||||||||||||||||||||||||||
Original note date | Oct. 13, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Donald Kitt [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | |||||||||||||||||||||||||||||||||
Original note date | Jul. 01, 2020 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||
Marjan Tina and Reno Suwarno [Member] | ||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | |||||||||||||||||||||||||||||||||
Original note date | Jan. 03, 2021 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | |||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | |||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 |
COMMITMENTS AND CONTINGENCIES_3
COMMITMENTS AND CONTINGENCIES (Details Narrative ) - USD ($) | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Dec. 31, 2022 | Dec. 31, 2021 | Aug. 07, 2023 | Jan. 03, 2021 | Oct. 13, 2020 | Oct. 06, 2020 | Sep. 25, 2020 | Sep. 21, 2020 | Sep. 15, 2020 | Sep. 08, 2020 | Sep. 02, 2020 | Aug. 18, 2020 | Aug. 13, 2020 | Jul. 10, 2020 | Jul. 01, 2020 | Jun. 30, 2020 | Jun. 19, 2020 | Jun. 16, 2020 | Jun. 12, 2020 | Jun. 09, 2020 | Jun. 08, 2020 | Jun. 03, 2020 | May 29, 2020 | May 28, 2020 | May 27, 2020 | May 20, 2020 | May 19, 2020 | May 13, 2020 | May 11, 2020 | May 08, 2020 | May 07, 2020 | May 04, 2020 | Apr. 28, 2020 | Apr. 01, 2020 | Mar. 13, 2020 | Feb. 13, 2020 | |
Fair value of warrants issued | $ 30,750 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 12,300,000 | |||||||||||||||||||||||||||||||||||
Automobile lease [Member] | ||||||||||||||||||||||||||||||||||||
Monthly payment | $ 395 | $ 278 | ||||||||||||||||||||||||||||||||||
Shahram Khial One [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Shahram Khial [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Marvin A Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 250 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Joan R. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 250 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Arnold F. Sock [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Munti Consulting LLC [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Arnulfo Saucedo-Bardan [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Website development, design maintenance and other IT services | $ 5,000 | |||||||||||||||||||||||||||||||||||
Rudy Chacon [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Brett Matus [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Jacob Colvin [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Wendell and Sharon Piper [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Willy Rafael Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Ybelka Saint Hilaire [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Roy S Worbets [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Pejham Khial [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Monireh Sepahpour [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Elvis E. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Violet Gewerter [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Kim Smith [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Hassan M. Oji [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 750 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 300,000 | 300,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Jeffery Connell [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 250 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Addicted 2 Marketing LLC [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 250 | $ 2 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
BBCKQK Trust Kevin Wiltz [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Willy A. Saint-Hilaire [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Richard W LeAndro Jr [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Richard W LeAndro [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Sadegh Salmassi [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Glen J. Rineer [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Barry Cohen [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Malcolm Ziman [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Brian D. Colvin [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Steven A. Fishman [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
James Bobrik [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Richard R Shehane [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Mohammad Sadrolashrafi [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | $ 12 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | $ 0.000025 | ||||||||||||||||||||||||||||||||||
Chris Knudsen [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Theresa Kitt [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Nasrin Montazer [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 1,250 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Monica Shayestehpour [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | $ 25 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Hongsing Phou [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Seyed M. Javad [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 12 | $ 5 | |||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Salvatore Marasa [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Jagjit Dhaliwal [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | $ 0.60 | ||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Donald Kitt [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 5 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 | |||||||||||||||||||||||||||||||||||
Donald Kitt [Member] | July 1, 2020 [Member] | ||||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 200,000 | |||||||||||||||||||||||||||||||||||
Marjan Tina Reno Suwano [Member] | ||||||||||||||||||||||||||||||||||||
Fair value of warrants issued | $ 25 | |||||||||||||||||||||||||||||||||||
Warrants issued to purchase common stcok | 1,000,000 | |||||||||||||||||||||||||||||||||||
Warrants exercise price | $ 0.60 | |||||||||||||||||||||||||||||||||||
Warrant issuance price | $ 0.000025 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 25, 2022 | Nov. 17, 2022 | Mar. 12, 2021 | |
Mike Zaman Irrevocable Trust [Member] | Convertible Notes Payable [Member] | |||||
Interest rate | 12% | ||||
Mike Zaman Irrevocable Trust [Member] | Convertible Notes Payable [Member] | On February 14, 2023 [Member] | |||||
Principal balance of promissory note | $ 10,000 | ||||
Convertible promissory note | $ 10,000 | ||||
Debt instrument interest rate | 12% | ||||
Mike Zaman Irrevocable Trust [Member] | Convertible Notes Payable [Member] | On March 23, 2023 [Member] | |||||
Principal balance of promissory note | $ 18,000 | ||||
Convertible promissory note | $ 18,000 | ||||
Debt instrument interest rate | 12% | ||||
Mike Zaman Irrevocable Trust [Member] | Convertible Notes Payable [Member] | January 31, 2023 [Member] | |||||
Principal balance of promissory note | $ 1,000 | ||||
Convertible promissory note | $ 1,000 | ||||
Debt instrument interest rate | 12% | ||||
Mike Zaman Irrevocable Trust [Member] | May 08, 2023 [Member] | Convertible Notes Payable [Member] | |||||
Principal balance of promissory note | $ 5,800 | ||||
Convertible promissory note | $ 5,800 | ||||
Debt instrument interest rate | 12% | ||||
Interest rate | 12% | ||||
Mike Zaman Irrevocable Trust [Member] | June 20, 2023 [Member] | Convertible Notes Payable [Member] | |||||
Principal balance of promissory note | $ 3,000 | ||||
Convertible promissory note | $ 3,000 | ||||
Debt instrument interest rate | 12% | ||||
Interest rate | 12% | ||||
Mike Zaman Irrevocable Trust [Member] | June 02, 2023 [Member] | Convertible Notes Payable [Member] | |||||
Principal balance of promissory note | $ 2,500 | ||||
Convertible promissory note | $ 2,500 | ||||
Debt instrument interest rate | 12% | ||||
Interest rate | 12% | ||||
Mike Zaman Irrevocable Trust [Member] | On January 23, 2023 [member] | |||||
Principal balance of promissory note | $ 2,500 | ||||
Convertible promissory note | $ 2,500 | ||||
Debt instrument interest rate | 12% | ||||
Mike Zaman Irrevocable Trust [Member] | On December 25, 2022 [Member] | Convertible Promissory Note [Member] | |||||
Promissory note | $ 2,000 | ||||
Principal balance of promissory note | $ 2,000 | ||||
Interest rate | 12% | ||||
Willy A. Saint-Hilaire [Member] | Convertible Notes Payable [Member] | |||||
Interest rate | 16% | ||||
Willy A. Saint-Hilaire [Member] | February 28, 2022 [Member] | Convertible Promissory Note [Member] | |||||
Promissory note | $ 4,500 | ||||
Principal balance of promissory note | $ 4,500 | ||||
Interest rate | 12% | ||||
American Video Teleconferencing Corp [Member] | On March 13, 2022 [member] | |||||
Compensated income | $ 2,000 | ||||
Paid for press release services | 150 | ||||
Jamie Hadfield [Member] | On April 7, 2022 [Member] | Convertible Promissory Note [Member] | |||||
Promissory note | 10,000 | ||||
Principal balance of promissory note | $ 10,000 | ||||
Interest rate | 12% | ||||
Mohammad Sadrolashrafi [Member] | On September 9, 2022 [Member] | Convertible Promissory Note [Member] | |||||
Promissory note | $ 5,000 | ||||
Principal balance of promissory note | $ 0 | ||||
Interest rate | 12% | ||||
Mohammad Sadrolashrafi [Member] | November 17, 2022 [Member] | Convertible Notes Payable [Member] | |||||
Interest rate | 12% | ||||
Mohammad Sadrolashrafi [Member] | November 17, 2022 [Member] | Convertible Promissory Note [Member] | |||||
Promissory note | $ 5,000 | ||||
Principal balance of promissory note | $ 2,000 | ||||
Interest rate | 12% | ||||
Shahram Khia [Member] | On October 31, 2022 [Member] | Convertible Promissory Note [Member] | |||||
Common stock purchase | 10,000 | ||||
Sale of common stock per share | $ 0.50 | ||||
Common stock purchase price | $ 5,000 | ||||
Shahram Khial [Member] | On October 31, 2022 [Member] | Convertible Promissory Note [Member] | |||||
Promissory note | 3,500 | ||||
Principal balance of promissory note | $ 0 | ||||
Common stock purchase | 10,000 | ||||
Interest rate | 12% | ||||
Sale of common stock per share | $ 0.50 | ||||
Common stock purchase price | $ 5,000 | ||||
Mike Jaman [Member] | On January 11, 2023 | |||||
Principal balance of promissory note | $ 1,100 | ||||
Convertible promissory note | $ 1,100 | ||||
Debt instrument interest rate | 12% |
STOCKHOLDERS EQUITY (Details Na
STOCKHOLDERS EQUITY (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | |||||||
Nov. 02, 2022 | May 03, 2022 | Mar. 09, 2022 | Oct. 31, 2022 | Oct. 21, 2022 | Dec. 31, 2022 | Dec. 31, 2020 | Jun. 30, 2023 | Dec. 31, 2021 | |
Common stock share authorized | 450,000,000 | 450,000,000 | 450,000,000 | ||||||
Common stock share issue for available | 13,385,047 | 13,385,047 | 13,318,642 | ||||||
Prefereed stock share authorized | 20,001,000 | 20,001,000 | |||||||
Common stock share issued | $ 0.50 | $ 66,405 | |||||||
Equity Incentive Plan [Member] | |||||||||
Common stock share authorized | 3,000,000 | ||||||||
Common stock share issue for available | 3,000,000 | ||||||||
Non Qualified Stock Warrants [Member] | |||||||||
Purchase of common stock | 3,000,000 | ||||||||
Exercise price | $ 0.60 | ||||||||
Series A Preferred Stock [Member] | |||||||||
Prefereed stock share authorized | 1,000 | ||||||||
Prefereed stock share issued | 1,000 | ||||||||
Common Stock Issued Related Party Four [Member] | |||||||||
Restricted stock issued price | $ 0.50 | $ 0.50 | |||||||
Issued of restricted share for cash | $ 5,000 | $ 5,000 | |||||||
Issued of restricted share | 10,000 | 10,000 | |||||||
Issued of common stock for conversion of debt | 8,281 | 10,124 | |||||||
Issued of common stock conversion rate | $ 0.50 | $ 0.50 | |||||||
Issued of common stock for conversion of debt for cash | $ 4,140 | $ 5,062 | |||||||
Common Stock Issued Third Party [Member] | |||||||||
Restricted stock issued price | $ 0.50 | $ 0.50 | |||||||
Issued of restricted share for cash | $ 4,000 | $ 10,000 | |||||||
Issued of restricted share | 8,000 | 20,000 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
INCOME TAXES | |||
Net operating loss | $ 916,586 | $ 908,653 | $ 753,258 |
Valuation allowance | (916,586) | (908,653) | (753,258) |
Net deferred tax asset | $ 0 | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
INCOME TAXES | |||
Net operating loss carry forward | $ 4,364,697 | $ 4,326,920 | $ 3,586,945 |
Corporate tax rate | 21% | ||
Corporate Tax Rate | 21% | ||
Description Of Expiration Of Operating Loss Carryforwards | expire in the year 2032 |
FINANCE LEASES (Details)
FINANCE LEASES (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Assets | ||
Leased equipment under finance lease | $ 73,883 | |
Less accumulated amortization | (73,368) | |
Net | 515 | |
Liabilities | ||
Obligations under finance lease (current) | 1,305 | $ 2,868 |
Obligations under finance lease (noncurrent) | 0 | $ 0 |
Total | $ 1,305 |
FINANCE LEASES (Details 1)
FINANCE LEASES (Details 1) - Finance Leases [Member] - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
2023 | $ 1,395 | $ 3,038 |
Thereafter | 0 | 0 |
Total | 1,395 | |
Less: Imputed Interest | (90) | |
Total Liability | $ 1,305 | $ 2,868 |
FINANCE LEASES (Details Narrati
FINANCE LEASES (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Related Party, Borrowed Finance Lease | $ 9,985 | $ 7,357 |
Lease Bargain Purchase Option | $ 1 | |
Third Party [Member] | ||
Note Payable | 6,168 | |
Interest Rate | 22% | |
Amortization Period | 24 months | |
Monthly Payments | $ 520 | |
Other payment | 498 | |
Payment For Management Fee | 22 | |
Fixed assets payment | 219 | |
Third Party [Member] | Capital Lease [Member] | ||
Note Payable | $ 9,985 | $ 1,188 |
Interest Rate | 16.60% | 16.60% |
Amortization Period | 36 years | 36 years |
Other payment | $ 498 | |
Fixed assets payment | $ 42 |
STOCK HOLDERS DEFICIT (Details)
STOCK HOLDERS DEFICIT (Details) - Warrants [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Number of Warrants Outstanding, beginning | 21,400,000 | 21,400,000 |
Issued | 0 | 0 |
Exercised | 0 | 0 |
Forfeited | 0 | 0 |
Number of Warrants Outstanding, ending | 21,400,000 | 21,400,000 |
Warrants exercise price, beginning | $ 0.60 | $ 0.60 |
Warrants exercise price, Issued | 0 | 0 |
Warrants exercise price, Exercised | 0 | 0 |
Warrants exercise price, Forfeited | 0 | 0 |
Warrants exercise price, ending | $ 0.60 | $ 0.60 |
STOCK HOLDERS DEFICIT (Details
STOCK HOLDERS DEFICIT (Details Narrative) - shares | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Common stock authorized | 450,000,000 | 450,000,000 | 450,000,000 |
2006 Equity Incentive Plan [Member] | |||
Common stock authorized | 3,000,000 | ||
Available for issuance | 3,000,000 | ||
Series A Preferred Stock [Member] | |||
Preferred Stock shares, Designated | 1,000 | ||
Preferred Stock shares, Outstanding | 1,000 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 1 Months Ended | ||||||||||
Aug. 04, 2023 | Jan. 11, 2023 | Jul. 18, 2023 | Mar. 23, 2023 | Feb. 14, 2023 | Jan. 31, 2023 | Jan. 23, 2023 | Aug. 07, 2023 | Aug. 01, 2023 | Jul. 12, 2023 | Dec. 31, 2022 | |
Mike Zaman [Member] | |||||||||||
Promissory note | $ 1,100 | $ 15,000 | $ 18,000 | $ 10,000 | $ 1,000 | $ 2,500 | |||||
Interest rate | 12% | 12% | 12% | 12% | 12% | 12% | |||||
Restricted stock issued price | $ 0.000025 | ||||||||||
Mike Zaman Irrevocable Trust [Member] | |||||||||||
Promissory note | $ 12,000 | ||||||||||
Interest rate | 12% | ||||||||||
Mohammad Sadrolashrafi [Member] | |||||||||||
Restricted stock issued price | $ 0.000025 | $ 0.000025 | |||||||||
Exercise price | $ 0.60 | ||||||||||
Purchase of common stock, shares | 500,000 | ||||||||||
Michale Sheikh [Member] | |||||||||||
Restricted stock issued price | $ 0.000025 | ||||||||||
Exercise price | $ 0.60 | ||||||||||
Purchase of common stock, shares | 1,000,000 | ||||||||||
Dana Salzarulo [Member] | |||||||||||
Restricted stock issued price | $ 0.000025 | ||||||||||
Exercise price | $ 0.60 | ||||||||||
Purchase of common stock, shares | 1,000,000 |