Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Apr. 15, 2024 | Jun. 30, 2023 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2023 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-56480 | ||
Entity Registrant Name | QUEST WATER GLOBAL, INC. | ||
Entity Central Index Key | 0001487091 | ||
Entity Tax Identification Number | 27-1994359 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Address, Address Line One | Suite 209 – 828 Harbourside Drive | ||
Entity Address, City or Town | North Vancouver | ||
Entity Address, State or Province | BC | ||
Entity Address, Country | CA | ||
Entity Address, Postal Zip Code | V7P 3R9 | ||
City Area Code | 888 | ||
Local Phone Number | 897-5536 | ||
Title of 12(g) Security | Common stock, $0.000001 par value | ||
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 | $ 933,755.95 | ||
Entity Common Stock, Shares Outstanding | 131,903,029 | ||
ICFR Auditor Attestation Flag | false | ||
Document Financial Statement Error Correction [Flag] | false | ||
Auditor Name | Fruci & Associates II, PLLC | ||
Auditor Firm ID | 5525 | ||
Auditor Location | Spokane, Washington |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Current assets | ||
Cash | $ 3 | |
Prepaid expenses | 1,529 | 1,094 |
Total current assets | 1,532 | 1,094 |
Equipment, net (Note 4) | 667 | 1,167 |
Total assets | 2,199 | 2,261 |
Current liabilities | ||
Accounts payable and accrued liabilities | 62,387 | 37,698 |
Total liabilities | 1,837,103 | 1,241,152 |
Commitments and Contingencies | ||
Stockholders’ deficit | ||
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding | 1 | 1 |
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029) | 132 | 132 |
Additional paid-in capital | 10,000,348 | 10,000,348 |
Deficit | (11,835,385) | (11,239,372) |
Total stockholders’ deficit | (1,834,904) | (1,238,891) |
Total liabilities and stockholders’ deficit | 2,199 | 2,261 |
Related Company [Member] | ||
Current liabilities | ||
Due to related parties | 41,273 | 49,841 |
Related Party [Member] | ||
Current liabilities | ||
Due to related parties | $ 1,733,443 | $ 1,153,613 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2023 | Dec. 31, 2022 | Jul. 21, 2022 | Jul. 20, 2022 |
Statement of Financial Position [Abstract] | ||||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | ||
Preferred stock, par value | $ 0.000001 | $ 0.000001 | ||
Preferred stock, shares issued | 2 | 2 | ||
Preferred stock, shares outstanding | 2 | 2 | ||
Common stock, shares authorized | 500,000,000 | 500,000,000 | 500,000,000 | 95,000,000 |
Common stock, par value | $ 0.000001 | $ 0.000001 | $ 0.000001 | |
Common stock, shares issued | 131,903,029 | 131,903,029 | ||
Common stock, shares outstanding | 131,903,029 | 131,903,029 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Expenses | ||
Automotive | $ 9,021 | $ 10,050 |
Depreciation | 500 | 333 |
Management fees | 495,000 | 450,000 |
Office and miscellaneous | 14,825 | 3,490 |
Professional fees | 31,673 | 51,874 |
Rent | 21,000 | 21,000 |
Telephone | 3,320 | 3,280 |
Transfer agent and filing fees | 20,674 | 22,033 |
Stock based compensation | 629,647 | |
Total expenses | 596,013 | 1,191,707 |
Loss before other income | (596,013) | (1,191,707) |
Net loss and comprehensive loss | $ (596,013) | $ (1,191,707) |
Net loss per share, basic | $ (0.005) | $ (0.011) |
Net loss per share, diluted | $ (0.005) | $ (0.011) |
Weighted average number of shares outstanding, basic | 131,903,029 | 105,908,762 |
Weighted average number of shares outstanding, diluted | 131,903,029 | 105,908,762 |
Previously Reported [Member] | ||
Expenses | ||
Automotive | $ 10,050 | |
Depreciation | 333 | |
Management fees | 450,000 | |
Office and miscellaneous | 3,490 | |
Professional fees | 51,874 | |
Rent | 21,000 | |
Telephone | 3,280 | |
Transfer agent and filing fees | 22,033 | |
Stock based compensation | 629,647 | |
Total expenses | 1,191,707 | |
Loss before other income | (1,191,707) | |
Net loss and comprehensive loss | $ (1,212,320) | |
Net loss per share, basic | $ (0.011) | |
Net loss per share, diluted | $ (0.011) | |
Weighted average number of shares outstanding, basic | 105,908,762 | |
Weighted average number of shares outstanding, diluted | 105,908,762 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholder's Deficit - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2021 | $ 1 | $ 85 | $ 6,332,748 | $ (10,047,665) | $ (3,714,831) |
Beginning balance, shares at Dec. 31, 2021 | 2 | 85,164,569 | |||
Net loss for the period | (1,191,707) | (1,191,707) | |||
Shares issued for debt at $0.065 | $ 47 | 3,037,953 | 3,038,000 | ||
Shares issued for debt, shares | 46,738,460 | ||||
Stock based compensation | 629,647 | 629,647 | |||
Ending balance, value at Dec. 31, 2022 | $ 1 | $ 132 | 10,000,348 | (11,239,372) | (1,238,891) |
Ending balance, shares at Dec. 31, 2022 | 2 | 131,903,029 | |||
Net loss for the period | (596,013) | (596,013) | |||
Stock based compensation | |||||
Ending balance, value at Dec. 31, 2023 | $ 1 | $ 132 | $ 10,000,348 | $ (11,835,385) | $ (1,834,904) |
Ending balance, shares at Dec. 31, 2023 | 2 | 131,903,029 |
Consolidated Statements of St_2
Consolidated Statements of Stockholder's Deficit (Parenthetical) | Dec. 31, 2022 $ / shares |
Statement of Stockholders' Equity [Abstract] | |
Share price | $ 0.065 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cash Flows from Operating Activities: | ||
Net loss for the period | $ (596,013) | $ (1,191,707) |
Depreciation | 500 | 333 |
Stock based compensation | 629,647 | |
Changes in operating assets and liabilities: | ||
Prepaids | (435) | (1,094) |
Accounts payable and accrued liabilities | 24,689 | 22,598 |
Due to related company | (8,568) | (21,359) |
Net cash provided by (used in) operating activities | (579,827) | (561,582) |
Cash Flows from Investing Activities: | ||
Equipment purchase | (1,500) | |
Net cash used in investing activities | (1,500) | |
Cash flows from financing activities | ||
Advances from related parties | 579,830 | 558,855 |
Net cash provided by financing activities | 579,830 | 558,855 |
Change in cash | 3 | (4,227) |
Cash, beginning of period | 4,227 | |
Cash, end of period | 3 | |
Supplemental disclosures: | ||
Interest paid | ||
Income tax paid |
Nature of Operations and Contin
Nature of Operations and Continuance of Business | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Operations and Continuance of Business | 1. Nature of Operations and Continuance of Business Quest Water Global, Inc. (the “Company”) was incorporated on February 25, 2010, under the laws of the State of Delaware. The Company is an innovative water technology company that provides solutions to water scarce regions. The Company’s operations to date have been limited primarily to capital formation, organization, and development of its business plan. These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at December 31, 2023, the Company has a working capital deficiency of $ 1,835,571 1,733,443 11,835,385 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies (a) Basis of Presentation and Principles of Consolidation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in US dollars. These consolidated financial statements include the accounts of the Company; the Company’s wholly-owned subsidiary Quest Water Solutions, Inc., a company incorporated under the laws of the State of Nevada (“Quest Nevada”); AQUAtap Global, Inc., a company incorporated under the laws of the State of Wyoming; and Quest Nevada’s wholly-owned subsidiary, Quest Water Solutions Inc., a company incorporated under the laws of the Province of British Columbia, Canada. All inter-company balances and transactions have been eliminated on consolidation. (b) Use of Estimates The preparation of these consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company regularly evaluates estimates and assumptions related to 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) Foreign Currency Translation The Company’s functional currency is US dollars. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in income. The Company’s integrated foreign subsidiaries are financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in income. (d) Financial Instruments and Fair Value Measures ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value 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. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: 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 no observable inputs to the valuation methodology that are relevant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist of cash, accounts payable, accrued liabilities, convertible notes payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. (e) Investments The Company accounts for its investments in other entities by following ASC 323, Investments, “Equity Method and Joint Ventures”, whereby equity investments of 20% or greater but less than control are accounted for using the equity method. Under this method, the carrying cost is initially recorded at cost and then increased or decreased by recording its percentage of gain or loss in its statement of operations and a corresponding charge or credit to the carrying value of the asset. Should the Company exercise significant influence, the investment might be accounted for as a variable interest entity which would require consolidation and recognition of a non-controlling interest. (f) Revenue Recognition Under ASC 606, “Revenue from Contracts with Customers ” Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account in the new revenue standard. The contract transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. Revenue Service Type The Company has one revenue source – sale of water technology equipment. The Company recognizes revenue for goods transferred at a point in time. (g) Stock-based Compensation The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The Company uses the Black-Scholes option pricing model to calculate the fair value of stock-based awards. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statement of operations over the requisite service period. (h) Loss Per Share The Company computes net loss per share in accordance with ASC 260, “Earnings per Share”, which requires presentation of both basic and diluted loss per share (“LPS”) on the face of the income statement. Basic LPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted LPS gives effect to all dilutive potential common stock outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted LPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted LPS excludes all dilutive potential shares if their effect is anti-dilutive and stock options are the potential shares. (i) Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As of December 31, 2023 and 2022, the Company did no (j) Comprehensive Loss ASC 220, “Comprehensive Income”, establishes standards for the reporting and presentation of comprehensive income (loss) and its components in the financial statements. As at December 31, 2023 and 2022, the Company had no items representing comprehensive income or loss. (k) Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its 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. |
Investment in and Due to Relate
Investment in and Due to Related Company | 12 Months Ended |
Dec. 31, 2023 | |
Investments, All Other Investments [Abstract] | |
Investment in and Due to Related Company | 3. Investment in and Due to Related Company During the year ended December 31, 2019, the Company invested $ 7,600 38 During the year ended December 31, 2022, the investment balance was reduced to zero therefore the Company discontinued the equity method. The Company adjusted the loss of $ 33,980 Schedule of Restatement of Financial Statements Restatement For the Consolidated Balance Sheet for December 31, 2022 Originally Reported Change As Restated ASSETS Current assets Cash $ - - $ Prepaid expenses 1,094 - 1,094 Total current assets 1,094 - 1,094 Equipment, net (Note 4) 1,167 - 1,167 Total assets $ 2,261 - $ 2,261 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current liabilities Accounts payable and accrued liabilities $ 37,698 - $ 37,698 Investment in partnership, related (Note 3) 33,980 (33,980 ) - Due to related company (Note 3) 49,841 - 49,841 Due to related parties (Note 5) 1,153,613 - 1,153,613 Total liabilities 1,275,132 - 1,241,152 Stockholders’ deficit Preferred stock, 5,000,000 0.000001 2 $ 1 - $ 1 Common stock, 500,000,000 0.000001 131,903,029 131,903,029 132 - 132 Additional paid-in capital 10,000,348 - 10,000,348 Deficit (11,273,352 ) (33,980 ) (11,239,372 ) Total stockholders’ deficit (1,272,871 ) (33,980 ) (1,238,891 ) Total liabilities and stockholders’ deficit $ 2,261 - $ 2,261 Consolidated Statements of Operations and Comprehensive Loss Originally Reported Change As Restated For December 31, 2022 Expenses Automotive $ 10,050 - $ 10,050 Depreciation 333 - 333 Management fees 450,000 - 450,000 Office and miscellaneous 3,490 - 3,490 Professional fees 51,874 - 51,874 Rent 21,000 - 21,000 Telephone 3,280 - 3,280 Transfer agent and filing fees 22,033 - 22,033 Stock based compensation 629,647 - 629,647 Total expenses 1,191,707 - 1,191,707 Loss before other income (1,191,707 ) - (1,191,707 ) Other income (expense) Decrease in equity of investment in partnership (20,613 ) 20,613 - Net loss and comprehensive loss $ (1,212,320 ) 20,613 $ (1,191,707 ) Net loss per share, basic and diluted $ (0.011 ) $ (0.011 ) Weighted average number of shares outstanding, basic and diluted 105,908,762 105,908,762 Consolidated Statements of Cash Flows for December 31, 2022 Originally As Reported Change Restated Operating Activities: Net loss for the period $ (1,212,320 ) $ 20,613 (1,191,707 ) Decrease in equity of partnership investment 20,613 (20,613 ) - Depreciation 333 - 333 Stock based compensation 629,647 - 629,647 Changes in operating assets and liabilities: - Prepaids (1,094 ) - (1,094 ) Accounts payable and accrued liabilities 22,598 - 22,598 Due to related company (21,359 ) - (21,359 ) Net cash used in operating activities $ (561,582 ) - (561,582 ) Cash flows from investing activities: Equipment purchase $ (1,500 ) - (1,500 ) Net cash used in investing activities $ (1,500 ) - (1,500 ) Cash flows from financing activities: Advances from related parties $ 558,855 - 558,855 Net cash provided by financing activities $ 558,855 - 558,855 Change in cash $ (4,227 ) - (4,227 ) Cash, beginning of period 4,227 - 4,227 Cash, end of period $ - $ - - Supplemental disclosures: Interest paid $ – $ - – Income tax paid $ – $ - – The due to related company amounts pertain to funds received on behalf of AQUAtap relating to rights agreements for water units. As at December 31, 2023, a balance of $ 41,273 was owing to AQUAtap. |
Equipment
Equipment | 12 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Equipment | 4. Equipment Equipment is depreciated over its useful life. Schedule of Equipment Cost Depreciation Net Computer 3 years $ 1,500 $ 833 $ 667 |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 5. Related Party Transactions (a) As at December 31, 2023, a total of $ 790,331 490,714 (b) As at December 31, 2023, a total of $ 943,112 662,899 (c) For the year ended December 31, 2023, the Company incurred a total of $ 495,000 450,000 (d) For the year ended December 31, 2023, the Company incurred $ 21,000 21,000 (e) On July 22, 2022, the Company converted an aggregate of $ 3,038,000 46,738,460 0.065 |
Common Stock
Common Stock | 12 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
Common Stock | 6. Common Stock On July 21, 2022, the authorized capital of the Company was increased from 95,000,000 500,000,000 0.000001 On July 22, 2022, the Company converted an aggregate of $ 3,038,000 46,738,460 0.065 At December 31, 2023, the Company had 131,903,029 131,903,029 Basic and diluted loss per share The calculation of the basic and diluted loss per share for the year ended December 31, 2023 was based on the loss attributable to common stockholders of $ 608,484 1,212,320 131,903,029 105,908,762 At December 31, 2023, 6,300,000 |
Share Based Payments
Share Based Payments | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Share Based Payments | 7. Share Based Payments Stock Options The Company adopted a stock option plan in May 2012 (the “Plan”) under which it is authorized to grant options to directors, officers, employees and consultants enabling them to acquire up to a maximum of 10 10 Stock option transactions are summarized as follows: Schedule of Stock Option Transactions Number of Weighted Average Options Exercise Price Balance, December 31, 2021 - $ - Granted 8,500,000 0.10 Rescinded (2,200,000 ) 0.10 Exercised - - Balance, December 31, 2023 and December 31, 2022 6,300,000 $ 0.10 Exercisable at December 31, 2023 6,300,000 $ 0.10 The following weighted average assumption were used for the Black-Scholes valuation of the stock options granted: Schedule of Weighted Average Assumption of Stock Option Granted Risk-free interest rate 3.17 % Expected life of options 5 years Annualized volatility 306.66 % Dividend rate Nil The stock options outstanding and exercisable at December 31, 2023 were granted effective July 20, 2022 and have a 5 0.10 0.10 3.54 |
Operating Segment
Operating Segment | 12 Months Ended |
Dec. 31, 2023 | |
Segment Reporting [Abstract] | |
Operating Segment | 8. Operating Segment The Company has only one |
South African Partnership
South African Partnership | 12 Months Ended |
Dec. 31, 2023 | |
South African Partnership | |
South African Partnership | 9. South African Partnership On October 12, 2023, the Company entered into a partnership with Yonga Industries (Pty) Ltd. and Yorown Energy (Pty) Ltd. to form AQUAtap Oasis South Africa (Pty) Ltd. The Company holds a 49 |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 10. Income Taxes The Company is subject to US federal and state income taxes at a rate of 21 27 Schedule of Components of Income Tax Expense 2023 2022 Net loss per financial statements (596,013 ) (1,191,707 ) Income tax recovery at statutory rate (125,000 ) (250,000 ) Impact of different foreign statutory rates on earnings of subsidiaries (33,000 ) (30,000 ) Permanent differences - 132,000 Increase in unrecognized tax benefits 158,000 148,000 Provision for income taxes – – The significant components of deferred income tax assets and liabilities as at December 31, 2023 and 2022 are as follows: Schedule of Deferred Income Tax Assets and Liabilities 2023 $ 2022 $ Net operating losses carried forward 1,462,000 1,304,000 Valuation allowance (1,462,000 ) (1,304,000 ) Net deferred income tax asset – – The Company is in arrears on filing its statutory corporate income tax returns and the amounts presented above are based on estimates. The actual losses available could differ from these estimates. The Company’s carry-forward losses that may be applied to future Canadian income taxes expire as follows: Schedule of Carry-forward Losses Expiring in 2038- $ 272,000 2039- $ 546,000 2040- $ 457,000 2041- $ 479,000 2042- $ 499,000 2043 $ 541,898 The Company losses that may be applied to future US income taxes expire as follows: Expiring in 2032- $ 2,780,000 2033- $ 202,000 2034- $ 260,000 There are another $ 127,000 |
Subsequent Event
Subsequent Event | 12 Months Ended |
Dec. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Event | 11. Subsequent Event On January 5, 2024, the Company granted an aggregate of 3,750,000 0.10 five years The Company has evaluated all subsequent events as of the date of this report and has determined that there are no events that require disclosure as of the date of issuance. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Principles of Consolidation | (a) Basis of Presentation and Principles of Consolidation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in US dollars. These consolidated financial statements include the accounts of the Company; the Company’s wholly-owned subsidiary Quest Water Solutions, Inc., a company incorporated under the laws of the State of Nevada (“Quest Nevada”); AQUAtap Global, Inc., a company incorporated under the laws of the State of Wyoming; and Quest Nevada’s wholly-owned subsidiary, Quest Water Solutions Inc., a company incorporated under the laws of the Province of British Columbia, Canada. All inter-company balances and transactions have been eliminated on consolidation. |
Use of Estimates | (b) Use of Estimates The preparation of these consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company regularly evaluates estimates and assumptions related to 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. |
Foreign Currency Translation | (c) Foreign Currency Translation The Company’s functional currency is US dollars. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in income. The Company’s integrated foreign subsidiaries are financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in income. |
Financial Instruments and Fair Value Measures | (d) Financial Instruments and Fair Value Measures ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value 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. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: 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 no observable inputs to the valuation methodology that are relevant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist of cash, accounts payable, accrued liabilities, convertible notes payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. |
Investments | (e) Investments The Company accounts for its investments in other entities by following ASC 323, Investments, “Equity Method and Joint Ventures”, whereby equity investments of 20% or greater but less than control are accounted for using the equity method. Under this method, the carrying cost is initially recorded at cost and then increased or decreased by recording its percentage of gain or loss in its statement of operations and a corresponding charge or credit to the carrying value of the asset. Should the Company exercise significant influence, the investment might be accounted for as a variable interest entity which would require consolidation and recognition of a non-controlling interest. |
Revenue Recognition | (f) Revenue Recognition Under ASC 606, “Revenue from Contracts with Customers ” Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account in the new revenue standard. The contract transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. Revenue Service Type The Company has one revenue source – sale of water technology equipment. The Company recognizes revenue for goods transferred at a point in time. |
Stock-based Compensation | (g) Stock-based Compensation The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The Company uses the Black-Scholes option pricing model to calculate the fair value of stock-based awards. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statement of operations over the requisite service period. |
Loss Per Share | (h) Loss Per Share The Company computes net loss per share in accordance with ASC 260, “Earnings per Share”, which requires presentation of both basic and diluted loss per share (“LPS”) on the face of the income statement. Basic LPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted LPS gives effect to all dilutive potential common stock outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted LPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted LPS excludes all dilutive potential shares if their effect is anti-dilutive and stock options are the potential shares. |
Income Taxes | (i) Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As of December 31, 2023 and 2022, the Company did no |
Comprehensive Loss | (j) Comprehensive Loss ASC 220, “Comprehensive Income”, establishes standards for the reporting and presentation of comprehensive income (loss) and its components in the financial statements. As at December 31, 2023 and 2022, the Company had no items representing comprehensive income or loss. |
Recent Accounting Pronouncements | (k) Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its 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. |
Investment in and Due to Rela_2
Investment in and Due to Related Company (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments, All Other Investments [Abstract] | |
Schedule of Restatement of Financial Statements | Schedule of Restatement of Financial Statements Restatement For the Consolidated Balance Sheet for December 31, 2022 Originally Reported Change As Restated ASSETS Current assets Cash $ - - $ Prepaid expenses 1,094 - 1,094 Total current assets 1,094 - 1,094 Equipment, net (Note 4) 1,167 - 1,167 Total assets $ 2,261 - $ 2,261 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current liabilities Accounts payable and accrued liabilities $ 37,698 - $ 37,698 Investment in partnership, related (Note 3) 33,980 (33,980 ) - Due to related company (Note 3) 49,841 - 49,841 Due to related parties (Note 5) 1,153,613 - 1,153,613 Total liabilities 1,275,132 - 1,241,152 Stockholders’ deficit Preferred stock, 5,000,000 0.000001 2 $ 1 - $ 1 Common stock, 500,000,000 0.000001 131,903,029 131,903,029 132 - 132 Additional paid-in capital 10,000,348 - 10,000,348 Deficit (11,273,352 ) (33,980 ) (11,239,372 ) Total stockholders’ deficit (1,272,871 ) (33,980 ) (1,238,891 ) Total liabilities and stockholders’ deficit $ 2,261 - $ 2,261 Consolidated Statements of Operations and Comprehensive Loss Originally Reported Change As Restated For December 31, 2022 Expenses Automotive $ 10,050 - $ 10,050 Depreciation 333 - 333 Management fees 450,000 - 450,000 Office and miscellaneous 3,490 - 3,490 Professional fees 51,874 - 51,874 Rent 21,000 - 21,000 Telephone 3,280 - 3,280 Transfer agent and filing fees 22,033 - 22,033 Stock based compensation 629,647 - 629,647 Total expenses 1,191,707 - 1,191,707 Loss before other income (1,191,707 ) - (1,191,707 ) Other income (expense) Decrease in equity of investment in partnership (20,613 ) 20,613 - Net loss and comprehensive loss $ (1,212,320 ) 20,613 $ (1,191,707 ) Net loss per share, basic and diluted $ (0.011 ) $ (0.011 ) Weighted average number of shares outstanding, basic and diluted 105,908,762 105,908,762 Consolidated Statements of Cash Flows for December 31, 2022 Originally As Reported Change Restated Operating Activities: Net loss for the period $ (1,212,320 ) $ 20,613 (1,191,707 ) Decrease in equity of partnership investment 20,613 (20,613 ) - Depreciation 333 - 333 Stock based compensation 629,647 - 629,647 Changes in operating assets and liabilities: - Prepaids (1,094 ) - (1,094 ) Accounts payable and accrued liabilities 22,598 - 22,598 Due to related company (21,359 ) - (21,359 ) Net cash used in operating activities $ (561,582 ) - (561,582 ) Cash flows from investing activities: Equipment purchase $ (1,500 ) - (1,500 ) Net cash used in investing activities $ (1,500 ) - (1,500 ) Cash flows from financing activities: Advances from related parties $ 558,855 - 558,855 Net cash provided by financing activities $ 558,855 - 558,855 Change in cash $ (4,227 ) - (4,227 ) Cash, beginning of period 4,227 - 4,227 Cash, end of period $ - $ - - Supplemental disclosures: Interest paid $ – $ - – Income tax paid $ – $ - – |
Equipment (Tables)
Equipment (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Equipment | Equipment is depreciated over its useful life. Schedule of Equipment Cost Depreciation Net Computer 3 years $ 1,500 $ 833 $ 667 |
Share Based Payments (Tables)
Share Based Payments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Schedule of Stock Option Transactions | Stock option transactions are summarized as follows: Schedule of Stock Option Transactions Number of Weighted Average Options Exercise Price Balance, December 31, 2021 - $ - Granted 8,500,000 0.10 Rescinded (2,200,000 ) 0.10 Exercised - - Balance, December 31, 2023 and December 31, 2022 6,300,000 $ 0.10 Exercisable at December 31, 2023 6,300,000 $ 0.10 |
Schedule of Weighted Average Assumption of Stock Option Granted | The following weighted average assumption were used for the Black-Scholes valuation of the stock options granted: Schedule of Weighted Average Assumption of Stock Option Granted Risk-free interest rate 3.17 % Expected life of options 5 years Annualized volatility 306.66 % Dividend rate Nil |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense | Schedule of Components of Income Tax Expense 2023 2022 Net loss per financial statements (596,013 ) (1,191,707 ) Income tax recovery at statutory rate (125,000 ) (250,000 ) Impact of different foreign statutory rates on earnings of subsidiaries (33,000 ) (30,000 ) Permanent differences - 132,000 Increase in unrecognized tax benefits 158,000 148,000 Provision for income taxes – – |
Schedule of Deferred Income Tax Assets and Liabilities | The significant components of deferred income tax assets and liabilities as at December 31, 2023 and 2022 are as follows: Schedule of Deferred Income Tax Assets and Liabilities 2023 $ 2022 $ Net operating losses carried forward 1,462,000 1,304,000 Valuation allowance (1,462,000 ) (1,304,000 ) Net deferred income tax asset – – |
Schedule of Carry-forward Losses | The Company’s carry-forward losses that may be applied to future Canadian income taxes expire as follows: Schedule of Carry-forward Losses Expiring in 2038- $ 272,000 2039- $ 546,000 2040- $ 457,000 2041- $ 479,000 2042- $ 499,000 2043 $ 541,898 The Company losses that may be applied to future US income taxes expire as follows: Expiring in 2032- $ 2,780,000 2033- $ 202,000 2034- $ 260,000 |
Nature of Operations and Cont_2
Nature of Operations and Continuance of Business (Details Narrative) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficiency | $ 1,835,571 | |
Liability of principal stockholders | 1,733,443 | |
Accumulated deficit | $ 11,835,385 | $ 11,239,372 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Accounting Policies [Abstract] | ||
Uncertain tax positions | $ 0 | $ 0 |
Schedule of Restatement of Fina
Schedule of Restatement of Financial Statements (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Current assets | |||
Cash | $ 3 | ||
Prepaid expenses | 1,529 | 1,094 | |
Total current assets | 1,532 | 1,094 | |
Equipment, net (Note 4) | 667 | 1,167 | |
Total assets | 2,199 | 2,261 | |
Current liabilities | |||
Accounts payable and accrued liabilities | 62,387 | 37,698 | |
Investment in partnership, related (Note 3) | |||
Total liabilities | 1,837,103 | 1,241,152 | |
Stockholders’ deficit | |||
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding | 1 | 1 | |
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029) | 132 | 132 | |
Additional paid-in capital | 10,000,348 | 10,000,348 | |
Deficit | (11,835,385) | (11,239,372) | |
Total stockholders’ deficit | (1,834,904) | (1,238,891) | $ (3,714,831) |
Total liabilities and stockholders’ deficit | 2,199 | 2,261 | |
Expenses | |||
Automotive | 9,021 | 10,050 | |
Depreciation | 500 | 333 | |
Management fees | 495,000 | 450,000 | |
Office and miscellaneous | 14,825 | 3,490 | |
Professional fees | 31,673 | 51,874 | |
Rent | 21,000 | 21,000 | |
Telephone | 3,320 | 3,280 | |
Transfer agent and filing fees | 20,674 | 22,033 | |
Stock based compensation | 629,647 | ||
Total expenses | 596,013 | 1,191,707 | |
Loss before other income | (596,013) | (1,191,707) | |
Other income (expense) | |||
Decrease in equity of investment in partnership | |||
Net loss and comprehensive loss | (596,013) | (1,191,707) | |
Operating Activities: | |||
Net loss for the period | (596,013) | (1,191,707) | |
Decrease in equity of partnership investment | |||
Depreciation | 500 | 333 | |
Changes in operating assets and liabilities: | |||
Prepaids | (435) | (1,094) | |
Accounts payable and accrued liabilities | 24,689 | 22,598 | |
Due to related company | (8,568) | (21,359) | |
Net cash provided by (used in) operating activities | (579,827) | (561,582) | |
Cash flows from investing activities: | |||
Equipment purchase | (1,500) | ||
Net cash used in investing activities | (1,500) | ||
Cash flows from financing activities: | |||
Advances from related parties | 579,830 | 558,855 | |
Net cash provided by financing activities | 579,830 | 558,855 | |
Change in cash | 3 | (4,227) | |
Cash, beginning of period | 4,227 | ||
Cash, end of period | 3 | ||
Supplemental disclosures: | |||
Interest paid | |||
Income tax paid | |||
Related Company [Member] | |||
Current liabilities | |||
Due to related parties (Note 5) | 41,273 | 49,841 | |
Related Party [Member] | |||
Current liabilities | |||
Due to related parties (Note 5) | 1,733,443 | 1,153,613 | |
Previously Reported [Member] | |||
Current assets | |||
Cash | |||
Prepaid expenses | 1,094 | ||
Total current assets | 1,094 | ||
Equipment, net (Note 4) | 1,167 | ||
Total assets | 2,261 | ||
Current liabilities | |||
Accounts payable and accrued liabilities | 37,698 | ||
Investment in partnership, related (Note 3) | 33,980 | ||
Total liabilities | 1,275,132 | ||
Stockholders’ deficit | |||
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding | 1 | ||
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029) | 132 | ||
Additional paid-in capital | 10,000,348 | ||
Deficit | (11,273,352) | ||
Total stockholders’ deficit | (1,272,871) | ||
Total liabilities and stockholders’ deficit | 2,261 | ||
Expenses | |||
Automotive | 10,050 | ||
Depreciation | 333 | ||
Management fees | 450,000 | ||
Office and miscellaneous | 3,490 | ||
Professional fees | 51,874 | ||
Rent | 21,000 | ||
Telephone | 3,280 | ||
Transfer agent and filing fees | 22,033 | ||
Stock based compensation | 629,647 | ||
Total expenses | 1,191,707 | ||
Loss before other income | (1,191,707) | ||
Other income (expense) | |||
Decrease in equity of investment in partnership | (20,613) | ||
Net loss and comprehensive loss | (1,212,320) | ||
Operating Activities: | |||
Net loss for the period | (1,212,320) | ||
Decrease in equity of partnership investment | 20,613 | ||
Depreciation | 333 | ||
Changes in operating assets and liabilities: | |||
Prepaids | (1,094) | ||
Accounts payable and accrued liabilities | 22,598 | ||
Due to related company | (21,359) | ||
Net cash provided by (used in) operating activities | (561,582) | ||
Cash flows from investing activities: | |||
Equipment purchase | (1,500) | ||
Net cash used in investing activities | (1,500) | ||
Cash flows from financing activities: | |||
Advances from related parties | 558,855 | ||
Net cash provided by financing activities | 558,855 | ||
Change in cash | (4,227) | ||
Cash, beginning of period | 4,227 | ||
Cash, end of period | |||
Supplemental disclosures: | |||
Interest paid | |||
Income tax paid | |||
Previously Reported [Member] | Related Company [Member] | |||
Current liabilities | |||
Due to related parties (Note 5) | 49,841 | ||
Previously Reported [Member] | Related Party [Member] | |||
Current liabilities | |||
Due to related parties (Note 5) | 1,153,613 | ||
Revision of Prior Period, Reclassification, Adjustment [Member] | |||
Current assets | |||
Cash | |||
Prepaid expenses | |||
Total current assets | |||
Equipment, net (Note 4) | |||
Total assets | |||
Current liabilities | |||
Accounts payable and accrued liabilities | |||
Investment in partnership, related (Note 3) | (33,980) | ||
Total liabilities | |||
Stockholders’ deficit | |||
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding | |||
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029) | |||
Additional paid-in capital | |||
Deficit | (33,980) | ||
Total stockholders’ deficit | (33,980) | ||
Total liabilities and stockholders’ deficit | |||
Expenses | |||
Automotive | |||
Depreciation | |||
Management fees | |||
Office and miscellaneous | |||
Professional fees | |||
Rent | |||
Telephone | |||
Transfer agent and filing fees | |||
Stock based compensation | |||
Total expenses | |||
Loss before other income | |||
Other income (expense) | |||
Decrease in equity of investment in partnership | 20,613 | ||
Net loss and comprehensive loss | 20,613 | ||
Operating Activities: | |||
Net loss for the period | 20,613 | ||
Decrease in equity of partnership investment | (20,613) | ||
Depreciation | |||
Changes in operating assets and liabilities: | |||
Prepaids | |||
Accounts payable and accrued liabilities | |||
Due to related company | |||
Net cash provided by (used in) operating activities | |||
Cash flows from investing activities: | |||
Equipment purchase | |||
Net cash used in investing activities | |||
Cash flows from financing activities: | |||
Advances from related parties | |||
Net cash provided by financing activities | |||
Change in cash | |||
Cash, beginning of period | |||
Cash, end of period | |||
Supplemental disclosures: | |||
Interest paid | |||
Income tax paid | |||
Revision of Prior Period, Reclassification, Adjustment [Member] | Related Company [Member] | |||
Current liabilities | |||
Due to related parties (Note 5) | |||
Revision of Prior Period, Reclassification, Adjustment [Member] | Related Party [Member] | |||
Current liabilities | |||
Due to related parties (Note 5) |
Schedule of Restatement of Fi_2
Schedule of Restatement of Financial Statements (Details) (Parenthetical) - $ / shares | Dec. 31, 2023 | Dec. 31, 2022 | Jul. 21, 2022 | Jul. 20, 2022 |
Investments, All Other Investments [Abstract] | ||||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | ||
Preferred stock, par value | $ 0.000001 | $ 0.000001 | ||
Preferred stock, shares issued | 2 | 2 | ||
Preferred stock, shares outstanding | 2 | 2 | ||
Common stock, shares authorized | 500,000,000 | 500,000,000 | 500,000,000 | 95,000,000 |
Common stock, par value | $ 0.000001 | $ 0.000001 | $ 0.000001 | |
Common stock, shares issued | 131,903,029 | 131,903,029 | ||
Common stock, shares outstanding | 131,903,029 | 131,903,029 |
Investment in and Due to Rela_3
Investment in and Due to Related Company (Details Narrative) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2019 |
Adjusted loss | |||
Related Company [Member] | |||
Other Liabilities, Current | $ 41,273 | 49,841 | |
Previously Reported [Member] | |||
Adjusted loss | 33,980 | ||
Previously Reported [Member] | Related Company [Member] | |||
Other Liabilities, Current | $ 49,841 | ||
AQUAtap [Member] | |||
Investments | $ 7,600 | ||
Equity method investment, ownership percentage | 38% |
Schedule of Equipment (Details)
Schedule of Equipment (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Property, Plant and Equipment [Line Items] | ||
Equipment, net | $ 667 | $ 1,167 |
Computer Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Equipment, useful life | 3 years | |
Equipment, cost | $ 1,500 | |
Equipment, depreciation | 833 | |
Equipment, net | $ 667 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 12 Months Ended | |||
Jul. 22, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Jul. 20, 2022 | |
Related Party Transaction [Line Items] | ||||
Management fee | $ 495,000 | $ 450,000 | ||
Shares issued, price per share | $ 0.10 | |||
President [Member] | ||||
Related Party Transaction [Line Items] | ||||
Due to related parties | 790,331 | 490,714 | ||
Vice President [Member] | ||||
Related Party Transaction [Line Items] | ||||
Due to related parties | 943,112 | 662,899 | ||
Payment of rent | 21,000 | 21,000 | ||
President and Vice President [Member] | ||||
Related Party Transaction [Line Items] | ||||
Management fee | $ 495,000 | $ 450,000 | ||
Debt value converted | $ 3,038,000 | |||
Number of shares issued in debt conversion | 46,738,460 | |||
Shares issued, price per share | $ 0.065 |
Common Stock (Details Narrative
Common Stock (Details Narrative) - USD ($) | 12 Months Ended | ||||
Jul. 22, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Jul. 21, 2022 | Jul. 20, 2022 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Common stock, shares authorized | 500,000,000 | 500,000,000 | 500,000,000 | 95,000,000 | |
Common stock, par value | $ 0.000001 | $ 0.000001 | $ 0.000001 | ||
Shares issued, price per share | $ 0.10 | ||||
Common stock, shares outstanding | 131,903,029 | 131,903,029 | |||
Loss attributable to common shareholders | $ 608,484 | $ 1,212,320 | |||
Weighted average number of shares outstanding | 131,903,029 | 105,908,762 | |||
Antidilutive securities, shares | 6,300,000 | ||||
President and Vice President [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Debt value converted | $ 3,038,000 | ||||
Number of shares issued in debt conversion | 46,738,460 | ||||
Shares issued, price per share | $ 0.065 |
Schedule of Stock Option Transa
Schedule of Stock Option Transactions (Details) | 12 Months Ended |
Dec. 31, 2023 $ / shares shares | |
Share-Based Payment Arrangement [Abstract] | |
Number of options outstanding, beginning balance | shares | |
Weighted average exercise price, beginning | $ / shares | |
Number of options outstanding, granted | shares | 8,500,000 |
Weighted average exercise price, granted | $ / shares | $ 0.10 |
Number of options outstanding, rescinded | shares | (2,200,000) |
Weighted average exercise price, rescinded | $ / shares | $ 0.10 |
Number of options outstanding, exercised | shares | |
Weighted average exercise price, exercised | $ / shares | |
Number of options outstanding, ending balance | shares | 6,300,000 |
Weighted average exercise price, Ending | $ / shares | $ 0.10 |
Number of options exercisable | shares | 6,300,000 |
Weighted average exercise price, exercisable | $ / shares | $ 0.10 |
Schedule of Weighted Average As
Schedule of Weighted Average Assumption of Stock Option Granted (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Risk-free interest rate | 3.17% |
Expected life of options | 5 years |
Annualized volatility | 306.66% |
Dividend rate |
Share Based Payments (Details N
Share Based Payments (Details Narrative) - $ / shares | 12 Months Ended | |
Jul. 20, 2022 | Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | ||
Issued and outstanding common stock percentage | 10% | |
Option granted maximum term years | 10 years | |
Remaining life | 5 years | 3 years 6 months 14 days |
Share price | $ 0.10 | |
Exercise price | $ 0.10 |
Operating Segment (Details Narr
Operating Segment (Details Narrative) | 12 Months Ended |
Dec. 31, 2023 Segment | |
Segment Reporting [Abstract] | |
Number of operating segments | 1 |
South African Partnership (Deta
South African Partnership (Details Narrative) | Oct. 12, 2023 |
AQUAtap Oasis South Africa (PTY) Ltd [Member] | |
Equity method investment, ownership percentage | 49% |
Schedule of Components of Incom
Schedule of Components of Income Tax Expense (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||
Net loss per financial statements | $ (596,013) | $ (1,191,707) |
Income tax recovery at statutory rate | (125,000) | (250,000) |
Impact of different foreign statutory rates on earnings of subsidiaries | (33,000) | (30,000) |
Permanent differences | 132,000 | |
Increase in unrecognized tax benefits | 158,000 | 148,000 |
Provision for income taxes |
Schedule of Deferred Income Tax
Schedule of Deferred Income Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Income Tax Disclosure [Abstract] | ||
Net operating losses carried forward | $ 1,462,000 | $ 1,304,000 |
Valuation allowance | (1,462,000) | (1,304,000) |
Net deferred income tax asset |
Schedule of Carry-forward Losse
Schedule of Carry-forward Losses (Details) | Dec. 31, 2023 USD ($) |
Domestic Tax Authority [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | $ 127,000 |
Tax Period 2032 [Member] | Domestic Tax Authority [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | 2,780,000 |
Tax Period 2033 [Member] | Domestic Tax Authority [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | 202,000 |
Tax Period 2034 [Member] | Domestic Tax Authority [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | 260,000 |
Canada Revenue Agency [Member] | Tax Period 2038 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | 272,000 |
Canada Revenue Agency [Member] | Tax Period 2039 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | 546,000 |
Canada Revenue Agency [Member] | Tax Period 2040 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | 457,000 |
Canada Revenue Agency [Member] | Tax Period 2041 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | 479,000 |
Canada Revenue Agency [Member] | Tax Period 2042 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | 499,000 |
Canada Revenue Agency [Member] | Tax Period 2043 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | $ 541,898 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 12 Months Ended |
Dec. 31, 2023 USD ($) | |
Operating Loss Carryforwards [Line Items] | |
Income tax rate | 21% |
Domestic Tax Authority [Member] | |
Operating Loss Carryforwards [Line Items] | |
Tax carry-forward losses | $ 127,000 |
Canada Revenue Agency [Member] | |
Operating Loss Carryforwards [Line Items] | |
Income tax rate | 27% |
Subsequent Event (Details Narra
Subsequent Event (Details Narrative) - $ / shares | 12 Months Ended | ||
Jan. 05, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | |
Subsequent Event [Line Items] | |||
Stock options, granted | 8,500,000 | ||
Share price | $ 0.065 | ||
Subsequent Event [Member] | |||
Subsequent Event [Line Items] | |||
Stock options, granted | 3,750,000 | ||
Share price | $ 0.10 | ||
Expiration period | 5 years |