Cover
Cover | 12 Months Ended |
Dec. 31, 2021 USD ($) shares | |
Cover [Abstract] | |
Document Type | 10-K/A |
Amendment Flag | true |
Amendment Description | This Amendment No. 1 to the Annual Report on Form 10-K of Cannonau Corp. (the "Company") for the fiscal year ended on December 31, 2021, as originally filed on May 05, 2022 (such Annual Report on Form 10-K being referred to as the "Annual Report," and this Amendment No. 1 as "Amendment No. 1"), is being filed solely to incorporate audit report along with audited financial statements. This Amendment No. 1 is not intended to, nor does it, reflect events occurring after the filing of the Annual Report, and does not modify or update the disclosures therein in any way other than as required to reflect the change described above. Accordingly, this Amendment No. 1 should be read in conjunction with the Company's filings made with the Securities and Exchange Commission subsequent to the filing of the Annual Report on December 31, 2021. |
Document Annual Report | true |
Document Transition Report | false |
Document Period End Date | Dec. 31, 2021 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2021 |
Current Fiscal Year End Date | --12-31 |
Entity File Number | 333-145876 |
Entity Registrant Name | CANNONAU CORP |
Entity Central Index Key | 0001410187 |
Entity Tax Identification Number | 84-2870437 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 937 Old Seneca Turnpike Road |
Entity Address, City or Town | Skaneateles |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 13252-9318 |
City Area Code | 315 |
Local Phone Number | 558-3702 |
Entity Well-known Seasoned Issuer | No |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | No |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Public Float | $ | $ 1,088,276 |
Entity Bankruptcy Proceedings, Reporting Current | true |
Entity Common Stock, Shares Outstanding | shares | 241,815,632 |
Auditor Name | Victor Mokuolu, CPA PLLC |
Auditor Firm ID | 6771 |
Auditor Location | Houston, Texas |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Current Assets | ||
Cash | $ 143 | $ 164 |
Accounts Receivable | 5,032 | |
Inventory | 3,582 | 19,174 |
Total Current Assets | 8,757 | 19,338 |
Total Assets | 8,757 | 19,338 |
Current liabilities | ||
Accounts payable and accrued liabilities | 18,681 | 17,326 |
Due to related party | 242,362 | 150,833 |
Total current liabilities | 261,043 | 168,159 |
Stockholders' deficit | ||
Preferred stock (Authorized) 10,000,000 at Par Value $.001, issued and outstanding nil as of December 31, 2021 and 2020. | ||
Common stock (Authorized) 290,000,000 at Par Value $.001 issued and outstanding 241,815,632 and 241,377,178 as of December 31, 2021 and 2020. | 241,815 | 241,377 |
Common stock issuable | 27,000 | 27,000 |
Additional paid in capital | 3,181,117 | 3,136,382 |
Accumulated deficit | (3,702,218) | (3,553,580) |
Total stockholders' deficit | (252,286) | (148,821) |
Total liabilities and stockholders' deficit | $ 8,757 | $ 19,338 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 290,000,000 | 290,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 241,815,632 | 241,377,178 |
Common Stock, Shares, Outstanding | 241,815,632 | 241,377,178 |
Statement of Operations
Statement of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | ||
Sales | $ 6,180 | $ 1,835 |
Cost of sales | 4,768 | 1,580 |
Gross Profit | 1,412 | 255 |
Operating expenses | ||
General and administrative | 26,065 | 13,932 |
Compensation and benefits | 49,468 | 60,680 |
Professional fees | 29,344 | 12,176 |
Consultancy services | 45,173 | |
Total operating expenses | 150,050 | 86,788 |
Loss from Operations | (148,638) | (86,533) |
Other expenses (income) | ||
Net loss | $ (148,638) | $ (86,533) |
Net loss per share (basic and diluted) | $ 0 | $ 0 |
Weighted average shares outstanding | 241,377,178 | 127,057,187 |
Statement of Cash Flows
Statement of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from operating activities | ||
Net loss | $ (148,638) | $ (86,533) |
Adjustment for non-cash items; | ||
Accounts receivable | (5,032) | |
Inventory | 15,592 | (8,130) |
Accounts payable and accrued liabilities | 1,355 | 14,035 |
Net cash used in operating activities | (136,724) | (80,628) |
Cash flows from investing activities | ||
Purchase of equipment | ||
Net cash used in investing activities | ||
Cash flows from financing activities | ||
Proceeds from related party | 91,529 | 86,722 |
Repayment to related party | (6,000) | |
Shares issued against consulting services | 45,173 | |
Net cash provided by financing activities | 136,702 | 80,722 |
Increase (decrease) in cash | (21) | 94 |
Cash at beginning of year | 164 | 70 |
Cash at end of year | 143 | 164 |
Supplemental cash flows disclosures: | ||
Cash paid for interest | ||
Cash paid for income taxes | ||
Supplemental non-cash financing activities | ||
Shares issued to convert amounts due to related party | 15,992 | |
Shares issued to non-employees against consulting services | $ 45,173 |
Statement of Stockholders Equit
Statement of Stockholders Equity - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Common Stock Issuable [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 183 | $ 3,361,585 | $ 27,000 | $ (3,467,047) | $ (78,279) | |
Shares, Issued, Beginning Balance at Dec. 31, 2019 | 182,734 | |||||
Conversion of debt | $ 241,194 | (225,203) | 15,991 | |||
Conversion of debt, shares | 241,194,444 | |||||
Net loss for the period | (86,533) | (86,533) | ||||
Ending balance, value at Dec. 31, 2020 | $ 241,377 | 3,136,382 | 27,000 | (3,553,580) | (148,821) | |
Shares, Issued, Ending Balance at Dec. 31, 2020 | 241,377,178 | |||||
Shares issued to non-employees against consultancy | $ 438 | 44,735 | $ 45,173 | |||
Shares issued to non-employees against consultancy, share | 438,454 | 438,454 | ||||
Net loss for the period | (148,638) | $ (148,638) | ||||
Ending balance, value at Dec. 31, 2021 | $ 241,815 | $ 3,181,117 | $ 27,000 | $ (3,702,218) | $ (252,286) | |
Shares, Issued, Ending Balance at Dec. 31, 2021 | 241,815,632 |
1. Nature of Operations and Con
1. Nature of Operations and Continuance of Business | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
1. Nature of Operations and Continuance of Business | 1. Nature of Operations and Continuance of Business Cannonau Corp. (the “Company”) was incorporated under the laws of the State of Nevada on April 3, 2007 as Pacific Blue Energy Corp $300,000 1,000,000 The Company is currently developing CBD based products. On August 22, 2019, the Company changed its' name to Cannonau Corp. to reflect its' focus on its new CBD based products. Going Concern These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated sufficient revenues to date to cover its operating cost and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. As of December 31, 2021, the Company had minimal revenues and an accumulated deficit of $3,702,218 |
2. Summary of Significant Accou
2. Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
2. Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies a) These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and are expressed in US dollars. The Company’s fiscal year-end is December 31. b) The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of its long-lived assets, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. c) The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. d) Management uses the 5 steps framework of ASC 606 to recognize revenue, as follows: 1. a. b. c. d. e. 2. a. 3. a. 4. a. 5. a. b. c. e) Amounts that will be recorded as cost of sales relate to direct expenses incurred in order to fulfill orders of our customers. Such costs are recorded and allocated as incurred. Our cost of sales will consist primarily of the cost of material consumed to make that product. f) The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, g) ASC 820, “Fair Value Measurements”, Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 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 active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 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. The Company’s financial instruments consist principally of cash, accounts payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. h) Inventories are stated at the lower of cost and net realizable value. Cost is determined using the first in first out method and net realizable value is the estimated selling price less costs of disposal in the ordinary course of business. The cost of inventories includes direct costs plus shipping and packaging materials. i) In accordance with ASC No. 718, Compensation – Stock Compensation (“ASC 718”), the Company measures the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. During the year ended December 31, 2021, and 2020, there were no stock based awards issued or outstanding. j) Income taxes are determined in accordance with the provisions of ASC 740, “Income Taxes” (“ ASC 740 ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. For the years ended December 31, 2021 and 2020, the Company did not have any interest and penalties associated with tax positions. As of December 31, 2021, the Company did not have any significant unrecognized uncertain tax positions. k) The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. l) Certain prior period amounts have been reclassified to conform to current presentation. m) The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the company’s financial statements. |
3. Share Capital
3. Share Capital | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
3. Share Capital | 3. Share Capital Preferred stock The Company is authorized to issue 10,000,000 $.001 Common stock The company is authorized to issue 290,000,000 $.001 On May 21, 2019, the Company issued 100,000,000 5,000 On November 5, 2019, the Company purchased and retired into treasury 15,000,000 $2,000 On January 23, 2020, the Company executed a 2,000 to 1 On February 25, 2020, convertible notes to related parties of $ 3,260 9,055,556 On March 20, 2020, convertible notes of $4,370 12,138,888 On May 29, 2020, convertible notes to related parties of $ 1,142 30,000,000 On July 6, 2020, convertible notes to related parties of $6,858 180,473,684 On July 21, 2020, convertible notes to related parties of $362 9,526,316 On October 2020, the Company issued 10,597,222 5,299 During the year 2021, the Company issued 438,454 As of December 31, 2021, the Company had 241,815,632 |
4. Income Taxes
4. Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
4. Income Taxes | 4. Income Taxes The Company has a net operating loss carried forward of approximately $3,702,218 available to offset taxable income in future years which commence expiring in fiscal 2027. The Company is subject to United States federal and state income taxes at an approximate rate of 21 There was no income tax expense for the years ended December 31, 2021 and 2020. The reconciliation and the tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at the U.S. statutory rate of 21% at December 31, 2021 & 2020 are as follows: Deferred tax assets Net operating losses (3,702,218 ) $ (3,553,580 ) Deferred tax liability Net deferred tax assets 777,466 746,252 Less valuation allowance (777,466 ) (746,252 ) Deferred tax asset - net valuation allowance — $ — |
5. Related Party Transaction
5. Related Party Transaction | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
5. Related Party Transaction | 5. Related Party Transaction In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities and related parties consist of officers, shareholders and associated entities. During the year ended December 31, 2021, related parties loaned the company $ 91,529 $242,362 $150,833 |
6. Commitments and Contingencie
6. Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
6. Commitments and Contingencies | 6. Commitments and Contingencies In response to the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law in March 2020. The CARES Act lifts certain deduction limitations originally imposed by the Tax Cuts and Jobs Act of 2017 (“2017 Tax Act”). Corporate taxpayers may carryback net operating losses (NOLs) originating between 2018 and 2020 for up to five years, which was not previously allowed under the 2017 Tax Act. The CARES Act also eliminates the 80% of taxable income limitations by allowing corporate entities to fully utilize NOL carryforwards to offset taxable income in 2018, 2019 or 2020. Taxpayers may generally deduct interest up to the sum of 50% of adjusted taxable income plus business interest income (30% limit under the 2017 Tax Act) for 2019 and 2020. The CARES Act allows taxpayers with alternative minimum tax credits to claim a refund in 2020 for the entire amount of the credits instead of recovering the credits through refunds over a period of years, as originally enacted by the 2017 Tax Act. In addition, the CARES Act raises the corporate charitable deduction limit to 25% of taxable income and makes qualified improvement property generally eligible for 15-year cost-recovery and 100% bonus depreciation. The enactment of the CARES Act did not result in any material adjustments to our income tax provision. |
7. Subsequent Events
7. Subsequent Events | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
7. Subsequent Events | 7. Subsequent Events The company has evaluated subsequent events for recognition and disclosure through April 05, 2022 which is the date the financial statements were available to be issued and has determined that there are no items to disclose. |
2. Summary of Significant Acc_2
2. Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
a) Basis of Presentation and Principles of Consolidation | a) These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and are expressed in US dollars. The Company’s fiscal year-end is December 31. |
b) Use of Estimates | b) The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of its long-lived assets, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
c) Cash and Cash Equivalents | c) The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. |
d) Revenue Recognition | d) Management uses the 5 steps framework of ASC 606 to recognize revenue, as follows: 1. a. b. c. d. e. 2. a. 3. a. 4. a. 5. a. b. c. |
e) Cost of Sales | e) Amounts that will be recorded as cost of sales relate to direct expenses incurred in order to fulfill orders of our customers. Such costs are recorded and allocated as incurred. Our cost of sales will consist primarily of the cost of material consumed to make that product. |
f) Basic and Diluted Net Loss Per Share | f) The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, |
g) Financial Instruments | g) ASC 820, “Fair Value Measurements”, Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 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 active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 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. The Company’s financial instruments consist principally of cash, accounts payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. |
h) Inventory | h) Inventories are stated at the lower of cost and net realizable value. Cost is determined using the first in first out method and net realizable value is the estimated selling price less costs of disposal in the ordinary course of business. The cost of inventories includes direct costs plus shipping and packaging materials. |
i) Stock-based compensation | i) In accordance with ASC No. 718, Compensation – Stock Compensation (“ASC 718”), the Company measures the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. During the year ended December 31, 2021, and 2020, there were no stock based awards issued or outstanding. |
j) Income taxes | j) Income taxes are determined in accordance with the provisions of ASC 740, “Income Taxes” (“ ASC 740 ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. For the years ended December 31, 2021 and 2020, the Company did not have any interest and penalties associated with tax positions. As of December 31, 2021, the Company did not have any significant unrecognized uncertain tax positions. |
k) Commitments and contingencies | k) The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. |
l) Reclassification | l) Certain prior period amounts have been reclassified to conform to current presentation. |
m) Recently Issued Accounting Guidance | m) The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the company’s financial statements. |
4. Income Taxes (Tables)
4. Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Deferred Income Taxes | Deferred tax assets Net operating losses (3,702,218 ) $ (3,553,580 ) Deferred tax liability Net deferred tax assets 777,466 746,252 Less valuation allowance (777,466 ) (746,252 ) Deferred tax asset - net valuation allowance — $ — |
1. Nature of Operations and C_2
1. Nature of Operations and Continuance of Business (Details Narrative) - USD ($) | Apr. 05, 2010 | Dec. 31, 2021 | Dec. 31, 2020 |
Accounting Policies [Abstract] | |||
Payments to Acquire Businesses, Gross | $ 300,000 | ||
Stock Issued During Period, Shares, Acquisitions | 1,000,000 | ||
Retained Earnings (Accumulated Deficit) | $ 3,702,218 | $ 3,553,580 |
3. Share Capital (Details Narra
3. Share Capital (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | |||||||
Jul. 06, 2020 | Jul. 21, 2020 | Apr. 29, 2020 | Mar. 20, 2020 | Feb. 25, 2020 | May 21, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Equity [Abstract] | |||||||||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 | |||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | |||||||
Common Stock, Shares Authorized | 290,000,000 | 290,000,000 | |||||||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | |||||||
Debt Conversion, Converted Instrument, Shares Issued | 180,473,684 | 9,526,316 | 30,000,000 | 12,138,888 | 9,055,556 | 100,000,000 | |||
Debt Conversion, Converted Instrument, Amount | $ 6,858 | $ 362 | $ 1,142 | $ 4,370 | $ 3,260 | $ 5,000 | |||
Treasury Stock, Shares, Retired | 15,000,000 | ||||||||
Treasury Stock, Retired, Cost Method, Amount | $ 2,000 | ||||||||
Stockholders' Equity, Reverse Stock Split | 2,000 to 1 | ||||||||
Partners' Capital Account, Units, Sold in Private Placement | 10,597,222 | ||||||||
Partners' Capital Account, Private Placement of Units | $ 5,299 | ||||||||
Stock Issued During Period, Shares, Issued for Services | 438,454 | ||||||||
Common Stock, Shares, Outstanding | 241,815,632 | 241,377,178 |
Deferred Income Taxes (Details)
Deferred Income Taxes (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Deferred tax assets | ||
Net operating losses | $ (3,702,218) | $ (3,553,580) |
Deferred tax liability | ||
Net deferred tax assets | 777,466 | 746,252 |
Less valuation allowance | (777,466) | (746,252) |
Deferred tax asset - net valuation allowance |
4. Income Taxes (Details Narrat
4. Income Taxes (Details Narrative) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Effective Income Tax Rate Reconciliation, Percent | 21% |
5. Related Party Transaction (D
5. Related Party Transaction (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Related Party Transactions [Abstract] | ||
Proceeds from Related Party Debt | $ 91,529 | $ 86,722 |
Due to Related Parties, Current | $ 242,362 | $ 150,833 |