Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Mar. 03, 2023 | Jun. 30, 2022 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-53505 | ||
Entity Registrant Name | BRAVO MULTINATIONAL INCORPORATED | ||
Entity Central Index Key | 0001444839 | ||
Entity Tax Identification Number | 85-4068651 | ||
Entity Incorporation, State or Country Code | WY | ||
Entity Address, Address Line One | 2020 General Booth Blvd | ||
Entity Address, Address Line One | Unit 230 | ||
Entity Address, City or Town | Virginia Beach | ||
Entity Address, State or Province | VA | ||
Entity Address, Postal Zip Code | 23454 | ||
City Area Code | (757) | ||
Local Phone Number | 306-6090 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 383,688 | ||
Entity Common Stock, Shares Outstanding | 47,641,011 | ||
ICFR Auditor Attestation Flag | false | ||
Auditor Name | BF Borgers CPA PC | ||
Auditor Firm ID | 5041 | ||
Auditor Location | Lakewood, CO |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Current Assets | ||
Cash and Cash Equivalents | $ 73 | $ 93 |
Accounts Receivable (Net of Allowance of $42,312 and $42,312, respectively) | ||
Note Receivable (Net of Allowance of $2,725 and $2,725, respectively) | ||
Notes Receivable - Related Party (Net of Allowance of $418,000 and $418,000, respectively) | ||
Prepaid Expenses | 40 | |
Total Current Assets | 73 | 133 |
Total Assets | 73 | 133 |
Liabilities | ||
Accounts Payable and Accrued Expenses | 750 | 766 |
Customer Deposits | 35,800 | 35,800 |
Due to Related Parties | 193,570 | 140,656 |
Accrued Board of Directors Fees | 1,537,417 | 1,062,417 |
Total Liabilities | 1,767,537 | 1,239,639 |
Stockholders’ Deficit | ||
Common Stock - $0.0001 Par; 1,000,000,000 Shares Authorized, 47,641,010 Issued and Outstanding, Respectively | 4,763 | 4,763 |
Additional Paid-In-Capital | 89,168,493 | 89,168,393 |
Accumulated Deficit | (90,940,720) | (90,412,662) |
Total Stockholders’ Deficit | (1,767,464) | (1,239,506) |
Total Liabilities and Stockholders’ Deficit | $ 73 | $ 133 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Allowance for Doubtful Accounts | $ 42,312 | $ 42,312 |
Allowance for Notes Receivable Current | 2,725 | 2,725 |
Allowance for Notes Receivable - Related Party | $ 418,000 | $ 418,000 |
Common stock, par value per share | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 47,641,010 | 47,641,010 |
Common stock, shares outstanding | 47,641,010 | 47,641,010 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Expenses | ||
General and Administrative | $ 8,793 | $ 9,436 |
Professional Fees | 44,265 | 43,203 |
Board of Directors Fees | 475,000 | 475,000 |
Total Expenses | 528,058 | 527,639 |
Loss from Operations | 528,058 | 527,639 |
Other (Income) and Expense | ||
Interest Expense | 350 | |
Gain on Loan Payable Forgiveness and Write off | (11,940) | |
Gain on Write off of Accounts Payable | (95,923) | |
Total Other (Income) and Expense | (107,513) | |
Loss Before Income Taxes | 528,058 | 420,126 |
Income Taxes | ||
Net Loss | $ 528,058 | $ 420,126 |
Weighted Average Number of Common Shares -Basic and Diluted | 47,641,010 | 47,641,010 |
Net Loss Per Common Shares -Basic and Diluted | $ (0.01) | $ (0.01) |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance - December 31, 2021 at Dec. 31, 2020 | $ 4,763 | $ 89,168,393 | $ (89,992,536) | $ (819,380) |
Beginning balance, shares at Dec. 31, 2020 | 47,641,010 | |||
Net Loss | (420,126) | (420,126) | ||
Balance - December 31, 2022 at Dec. 31, 2021 | $ 4,763 | 89,168,393 | (90,412,662) | (1,239,506) |
Ending balance, shares at Dec. 31, 2021 | 47,641,010 | |||
Capital Contribution | 100 | 100 | ||
Net Loss | (528,058) | (528,058) | ||
Balance - December 31, 2022 at Dec. 31, 2022 | $ 4,763 | $ 89,168,493 | $ (90,940,720) | $ (1,767,464) |
Ending balance, shares at Dec. 31, 2022 | 47,641,010 |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash Flows from Operating Activities | ||
Net Loss | $ (528,058) | $ (420,126) |
Non-Cash Adjustments | ||
Gain on Write off of Accounts Payable | (95,923) | |
Gain on Loan Payable Forgiveness and Write off | (11,940) | |
Changes in Assets and Liabilities: | ||
Prepaid Expenses | 40 | (40) |
Accounts Payable and Accrued Expenses | (16) | (1,093) |
Accrued Board of Directors Fees | 475,000 | 475,000 |
Net Cash Flows Used In Operating Activities | (53,034) | (54,122) |
Cash Flows from Investing Activities | ||
Cash Flows from Financing Activities | ||
Capital Contributions | 100 | |
Due to Related Parties, Net | 52,914 | 47,942 |
Net Cash Flows Provided by Financing Activities | 53,014 | 47,942 |
Net Change in Cash and Cash Equivalents | (20) | (6,180) |
Cash and Cash Equivalents - Beginning of Year | 93 | 6,273 |
Cash and Cash Equivalents - End of Year | 73 | 93 |
Cash Paid During the Year for: | ||
Interest | ||
Income Taxes |
Organization & Description of B
Organization & Description of Business | 12 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization & Description of Business | NOTE 1 – Organization & Description of Business Bravo Multinational Corporation (the “Company,” “we” or “us”) was originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, the Company’s name was changed to Java Group, Inc., and on September 1, 2004 the name was changed to Consolidated General Corp. On August 7, 2007, the Company’s name was changed to GoldCorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. On April 6, 2016, we changed our corporate name to Bravo Multinational Incorporated. On March 22, 2016, the board of directors of the company, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interests of the company that the name of the company should be changed to Bravo Multinational Incorporated, with such change of name to be effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the company’s name and upon satisfaction of all regulatory requirements, the trading symbol for the shares of the company’s common stock should be changed to “BRVO,” and the company’s CUSIP identifier be changed to a newly issued number. FINRA granted its approval of the change of the company’s name on April 6, 2016. As a result of the change of name of the company, the company’s trading symbol was changed to “BRVO” and the CUSIP identifier was changed to 10568F109. On August 3, 2020, the Board of Directors agreed in changing the Company’s incorporation from Delaware to Wyoming. On September 25, 2020, the Company merged into its wholly owned subsidiary Bravo Multinational (Wyoming) to achieve the change in state incorporation. The Company filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier. The Company owned patented and unpatented mining claims on War Eagle Mountain in the state of Idaho. The Company entered into a lease agreement with Silver Falcon Mining, Inc. (SFMI) under which SFMI is entitled to mine the land and the Company is entitled to a 15 76.63 29.167 The Company is currently engaged in the business of buying and reselling gaming equipment. The Company also buys machines for its own use that are placed in casinos or gaming areas to obtain monthly revenue streams from the machines’ net win revenue. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2 – Summary of Significant Accounting Policies Principles of Consolidation The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary, Universal Entertainment SAS, Ltd., (the “Company”). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates. Method of Accounting The Company’s condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Cash and Cash Equivalents Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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. Actual results could differ from those estimates. Earnings (Loss) per Share Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share. Stock Based Compensation The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction. Fair Value Measurements The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value. We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short-term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis. Revenue Recognition The Company implemented ASC 606, Revenue from Contracts with Customers The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation. |
Recently Issued Accounting Pron
Recently Issued Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Changes and Error Corrections [Abstract] | |
Recently Issued Accounting Pronouncements | NOTE 3 – Recently Issued Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Going Concern
Going Concern | 12 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | NOTE 4 – Going Concern The Company’s condensed consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations and has net current liabilities and an accumulated deficit. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. While the Company is attempting to continue operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement the Company’s business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. During the nine months ended December 31, 2022 due to lack of revenues the officers of the Company paid for all expenses through loans to the Company. This allowed the Company to continue as a going concern. |
Accounts Receivable
Accounts Receivable | 12 Months Ended |
Dec. 31, 2022 | |
Receivables [Abstract] | |
Accounts Receivable | NOTE 5 – Accounts Receivable Accounts receivable consisted of the following at December 31, 2022 and 2021: Schedule of notes receivable related parties December 31, December 31, 2022 2021 Accounts Receivable $ 42,312 $ 42,312 Less: Allowance for Doubtful Accounts (42,312 ) (42,312 ) Net Accounts Receivable $ — $ — Due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017, the Company wrote off the machine income that was in accounts receivable on December 31, 2017 in the amount of $ 42,312 The Allowance for Doubtful Accounts in the amount of $ 42,312 42,312 |
Notes Receivable _ Related Part
Notes Receivable – Related Parties | 12 Months Ended |
Dec. 31, 2022 | |
Notes Receivable Related Parties | |
Notes Receivable – Related Parties | NOTE 6 – Notes Receivable – Related Parties Notes receivable related parties consisted of the following at December 31, 2022 and 2021: Schedule of notes receivable related parties December 31, December 31, 2022 2021 Investcom – See Note 8 Related Party $ 342,000 $ 342,000 Rentcom – See Note 8 Related Party 76,000 76,000 Total Notes Receivable 418,000 418,000 Less: Allowance for Doubtful Accounts (418,000 ) (418,000 ) Net Notes Receivable – Related Parties $ — $ — Since no collections have been received on the above notes through the date of this report, the Company has allowed for these notes receivable in full at December 31, 2017. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 7 – Related Party Transactions During the year ended December 31, 2017, one hundred ten (110) gaming machines were sold to a company controlled by Mr. Paul Parliament, the Company’s former chief executive officer, for a total of $ 770,000 342,000 342,000 76,000 During the year ended December 31, 2017, seventy-five (75) gaming machines were sold to a company controlled by Mr. Doug Brooks, a former director of the Company, for a total of $ 525,000 209,000 76,000 76,000 Due to Related Parties consist of payments of Company expenses by the Company’s two (2) current directors, and one (1) former director. Amounts due were $ 193,570 140,656 The Company utilizes the services of Yes International Inc., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at no cost except for press release wire services. For each of the years ended December 31, 2022 and 2021 the Company paid press release wire services in the amount of $- 0 |
Capital Stock
Capital Stock | 12 Months Ended |
Dec. 31, 2022 | |
Stockholders’ Deficit | |
Capital Stock | NOTE 8 – Capital Stock Preferred Stock On January 16, 2017, the Company amended its certificate of incorporation to authorize an increase in blank check preferred shares to 50,000,000 5,000,000 10,000,000 40,000,000 Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock. 0 Common Stock On January 16, 2017, the Articles of Incorporation were amended to increase the authorized shares to 1,050,000,000 1,000,000,000 Stock Compensation Plan On March 15, 2018, the Company resolved to adopt the Employees, Officers, Directors and Consultants Stock Plan for the Year 2018. The purpose of this Plan is to enable the Company, to promote the interests of the company and its stockholders by attracting and retaining employees, officers, directors and consultants capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the company’s stockholders, by paying their retainers or fees in the form of shares of the Company’s common stock. The Plan shall expire on March 15, 2028. As of December 31, 2022, no shares had been issued from this plan. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 9 – Commitments and Contingencies Beginning in 2018, the Company leases space at Yes International Inc., a related party, at no cost. Rent expense for the each of the years ended December 31, 2022 and 2021 was $- 0 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 10 - Subsequent Events Coronavirus Impact (COVID-19) Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets. We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | Principles of Consolidation The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary, Universal Entertainment SAS, Ltd., (the “Company”). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates. |
Method of Accounting | Method of Accounting The Company’s condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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. Actual results could differ from those estimates. |
Earnings (Loss) per Share | Earnings (Loss) per Share Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share. |
Stock Based Compensation | Stock Based Compensation The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction. |
Fair Value Measurements | Fair Value Measurements The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value. We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short-term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis. |
Revenue Recognition | Revenue Recognition The Company implemented ASC 606, Revenue from Contracts with Customers The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation. |
Accounts Receivable (Tables)
Accounts Receivable (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Receivables [Abstract] | |
Schedule of notes receivable related parties | Schedule of notes receivable related parties December 31, December 31, 2022 2021 Accounts Receivable $ 42,312 $ 42,312 Less: Allowance for Doubtful Accounts (42,312 ) (42,312 ) Net Accounts Receivable $ — $ — |
Notes Receivable _ Related Pa_2
Notes Receivable – Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Receivable Related Parties | |
Schedule of notes receivable related parties | Schedule of notes receivable related parties December 31, December 31, 2022 2021 Investcom – See Note 8 Related Party $ 342,000 $ 342,000 Rentcom – See Note 8 Related Party 76,000 76,000 Total Notes Receivable 418,000 418,000 Less: Allowance for Doubtful Accounts (418,000 ) (418,000 ) Net Notes Receivable – Related Parties $ — $ — |
Organization & Description of_2
Organization & Description of Business (Details Narrative) | 12 Months Ended |
Dec. 31, 2022 a | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Net royalty percentage | 15% |
Patented claims (in Acres) | 76.63 |
Ownership Interest [Member] | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Ownership interest | 29.167% |
Accounts Receivable (Details)
Accounts Receivable (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Receivables [Abstract] | ||
Accounts Receivable | $ 42,312 | $ 42,312 |
Less: Allowance for Doubtful Accounts | (42,312) | (42,312) |
Net Accounts Receivable |
Accounts Receivable (Details Na
Accounts Receivable (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2017 | |
Receivables [Abstract] | |||
Accounts receivable | $ 42,312 | ||
Allowance for doubtful accounts | $ 42,312 | $ 42,312 | |
Accounts receivable written-off | $ 42,312 |
Notes Receivable - Related Part
Notes Receivable - Related Parties (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Defined Benefit Plan Disclosure [Line Items] | ||
Total Notes Receivable | $ 418,000 | $ 418,000 |
Less: Allowance for Doubtful Accounts | (418,000) | (418,000) |
Notes Receivable, Related Parties, Current | ||
Investcom [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Total Notes Receivable | 342,000 | 342,000 |
Rentcom [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Total Notes Receivable | $ 76,000 | $ 76,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2017 | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||
Due to related parties | $ 193,570 | $ 140,656 | |
Amount of press release wire services | $ 0 | $ 0 | |
Chief Executive Officer [Member] | |||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||
Related party transaction | $ 770,000 | ||
Financing receivable, sale | 342,000 | ||
Bad debt | 342,000 | ||
Proceeds from note payable | 76,000 | ||
Director [Member] | |||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||
Related party transaction | 525,000 | ||
Financing receivable, sale | 76,000 | ||
Bad debt | 76,000 | ||
Proceeds from note payable | $ 209,000 |
Capital Stock (Details Narrativ
Capital Stock (Details Narrative) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Jan. 16, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | |
Shares authorized | 1,050,000,000 | ||
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 | |
Series A Preferred Stock [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Preferred stock, shares authorized | 10,000,000 | ||
Preferred Stock [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Preferred stock voting rights | Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock. | ||
Preferred Stock [Member] | Series A Preferred Stock [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Preferred stock, shares authorized | 40,000,000 | ||
Common Stock [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Common stock, shares authorized | 1,000,000,000 | ||
Maximum [Member] | Preferred Stock [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Preferred stock, shares authorized | 50,000,000 | ||
Minimum [Member] | Preferred Stock [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Preferred stock, shares authorized | 5,000,000 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Rent expense | $ 0 | $ 0 |