Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | May 24, 2022 | Jun. 30, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-56318 | ||
Entity Registrant Name | AMERICAN METALS RECOVERY AND RECYCLING INC. | ||
Entity Central Index Key | 0001488638 | ||
Entity Tax Identification Number | 27-2262066 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 4301 West Bank Drive | ||
Entity Address, Address Line Two | Suite 110B | ||
Entity Address, City or Town | Austin | ||
Entity Address, State or Province | TX | ||
Entity Address, Postal Zip Code | 78746 | ||
City Area Code | 866 | ||
Local Phone Number | 365-0620 | ||
Title of 12(b) Security | Common Stock, $0.001 par value per share | ||
Trading Symbol | AMRR | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | No | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | true | ||
Entity Public Float | $ 902,000 | ||
Entity common stock, shares outstanding | 11,081,336 | ||
Auditor Firm ID | 366 | ||
Auditor Name | MaughanSullivan LLC | ||
Auditor Location | Manchester, VT |
Balance Sheet
Balance Sheet - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 138 | $ 43,436 |
Total current assets | 138 | 43,436 |
Total assets | 138 | 43,436 |
Current liabilities: | ||
Accounts payable | 1,031 | 1,030 |
Notes payable and accrued interest, related party | 98,232 | |
Total current liabilities | 99,263 | 1,030 |
Notes payable and accrued interest, related party | 93,733 | |
Total liabilities | 99,263 | 94,763 |
Stockholders’ deficit: | ||
Preferred Stock, Series A, $0.001 par value, 5,000,000 Authorized, 600,000 shares issued and outstanding, respectively | 600 | 600 |
Common stock, $0.001 par value; 50,000,000 shares authorized 11,081,336 shares issued and outstanding, respectively | 11,081 | 11,081 |
Additional paid-in-capital | 507,571 | 507,571 |
Accumulated deficit | (618,377) | (570,580) |
Total stockholders’ deficit | (99,125) | (51,328) |
Total liabilities and stockholders’ deficit | $ 138 | $ 43,436 |
Balance Sheet (Parenthetical)
Balance Sheet (Parenthetical) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred Stock, share authorized | 20,000,000 | 20,000,000 |
Preferred stock, outstanding | 600,000 | 600,000 |
Preferred stock, shares issued | 600,000 | 600,000 |
Common stock par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 11,081,336 | 11,081,336 |
Common stock, shares outstanding | 11,081,336 | 11,081,336 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred Stock, share authorized | 5,000,000 | 5,000,000 |
Preferred stock, outstanding | 600,000 | 600,000 |
Preferred stock, shares issued | 600,000 | 600,000 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | ||
Revenue | ||
Costs and expenses: | ||
General and administrative expenses | 43,297 | 23,650 |
Total costs and expenses | 43,297 | 23,650 |
Loss from operations | (43,297) | (23,650) |
Other (expense) | ||
Net interest (expense) | (4,500) | (4,475) |
Total other (expense) | (4,500) | (4,475) |
Loss before income taxes | (47,797) | (28,125) |
Income tax (benefit) expense | ||
Net loss | $ (47,797) | $ (28,125) |
Basic and diluted earnings per common share | $ 0 | $ 0 |
Basic and diluted weighted average common shares outstanding | 11,081,336 | 11,081,336 |
Statements of Stockholders' Def
Statements of Stockholders' Deficit - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 600 | $ 10,781 | $ 432,871 | $ (542,454) | $ (98,202) |
Balance, beginning (in shares) at Dec. 31, 2019 | 600,000 | 10,781,336 | |||
Common stock issued for cash | $ 300 | 74,700 | $ 75,000 | ||
Common stock issued for cash (in shares) | 300,000 | 300,000 | |||
Net loss | (28,125) | $ (28,125) | |||
Ending balance, value at Dec. 31, 2020 | $ 600 | $ 11,081 | 507,571 | (570,580) | (51,328) |
Balance, end (in shares) at Dec. 31, 2020 | 600,000 | 11,081,336 | |||
Net loss | (47,797) | (47,797) | |||
Ending balance, value at Dec. 31, 2021 | $ 600 | $ 11,081 | $ 507,571 | $ (618,377) | $ (99,125) |
Balance, end (in shares) at Dec. 31, 2021 | 600,000 | 11,081,336 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from (used in) operating activities | ||
Net loss | $ (47,797) | $ (28,125) |
Changes in operating assets and liabilities | ||
Advances | (444) | |
Accounts payable and accrued expenses | (1,470) | |
Accounts payable and accrued expenses – related party | 4,499 | (1,525) |
Cash flows used in operating activities | (43,298) | (31,564) |
Cash provided by (used in) investing activities | ||
Cash provided by (used in) financing activities | ||
Sale of common stock for cash | 75,000 | |
Increase (decrease) in cash | (43,298) | 43,436 |
Cash, beginning of period | 43,436 | |
Cash at end of period | 138 | 43,436 |
Supplemental information: | ||
Cash paid for interest | ||
Cash paid for income taxes |
Description of Business
Description of Business | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Description of Business | Note 1. Description of Business Organizational History American Metals Recovery and Recycling Inc. ("Company”), a Nevada corporation, was formed on June 29, 2009 as Premier Oil Field Services, Inc. and changed its name to American Metals Recovery and Recycling Inc. on April 25, 2014. The Company was dormant from 2015 until 2021. On August 2, 2021, the Company filed a Registration Statement on Form 10 to register the Company’s Common Stock under Section 12(g) of the Exchange Act. Prior to December 23, 2021, the Repository Services LLC, a Wyoming limited liability company (“Repository Services”) held 8,123,230 73.3 100 7,923,230 71.5 100 500,000 Katell Survivors Trust (Gerald Katell, Trustee), an unrelated nonaffiliate to the parties. Shell Company Status Since September 25, 2015, the Company has met the definition of a "shell" company, whose sole purpose is to locate and consummate a merger or acquisition with a private entity. The Company intends to acquire assets or shares of an entity actively engaged in business which generates revenues in exchange for its securities. The Company’s common stock is subject to quotation on the OTC Markets Group, Inc. Pink Open Market Platform (“Pink Sheets”) under the symbol AMRR. There is currently only a limited trading market in the Company’s shares. If an active trading market commences, there can be no assurance as to the market price of our shares of common stock, whether the trading market will provide liquidity to investors or whether any trading market will be sustained. GNET ATC, Inc. Note On January 21, 2022, the Company issued a Secured Promissory Note (“Note”) to GNET ATC, Inc. (“GNET” or “Lender”), in an aggregate principal amount of $ 44 10 January 21, 2025 Acquisition of AMR Resources On February 1, 2022, the Company completed the acquisition of all outstanding limited liability company interests of AMR Resources (the “AMR Resources Acquisition”) for $40.5 million in cash, pursuant to a Unit Purchase Agreement (the “AMRR Agreement”), dated February 1, 2022, by and between the Company and OnePath Systems, LLC (“OnePath”), subject to post-closing adjustment as contemplated therein. In contemplation of the AMR Resources Acquisition, OnePath formed AMR Resources and contributed those assets necessary for the operation of its integrated services business. As a result of the AMR Resources Acquisition, the Company acquired all of the outstanding limited liability company interests of AMR Resources and the former integrated services business of OnePath and AMR Resources became a wholly owned subsidiary of the Company. Going Concern These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of December 31, 2021, the Company did not have any business operations, it had assets totaling $ 138 99,263 99,125 |
Basis of Presentation and Summa
Basis of Presentation and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation and Summary of Significant Accounting Policies | Note 2. Basis of Presentation and Summary of Significant Accounting Policies The management of the Company is responsible for the selection and use of appropriate accounting policies and their application. Critical accounting policies and practices are those that are both most important to the portrayal of the Company’s financial condition and results and require management’s most difficult, subjective, or complex judgments, often due to the need to make estimates about the effects of matters that are inherently uncertain. The Company’s significant and critical accounting policies and practices are disclosed below as required by generally accepted accounting principles. Basis of Presentation The financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and include the accounts for the Company. The Company had no business operations during the years ended December 31, 2021 and 2020. Certain prior period amounts may have been reclassified to conform to current period presentation. These classifications, if any, have no effect on the previously reported net loss or loss per share. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of expenses in the financial statements and accompanying notes. Actual results could differ from those estimates. Key estimates generally included in the financial statements include the valuation of deferred income tax assets, equity instruments, stock-based compensation, acquired intangibles, and allowances for accounts receivable. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. At both December 31, 2021 and 2020, the Company’s cash balance was $ 138 43,436 250,000 Fair Value of Financial Instruments The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amount of the Company’s short-term financial instruments approximates fair value due to the relatively short period to maturity for these instruments. Accounts Receivable and Allowance for Doubtful Accounts It is the Company’s policy to record accounts receivable at the amount management expects to collect from outstanding balances. The Company generally does not require collateral to support customer receivables. The Company provides an allowance for doubtful accounts based upon a review of the outstanding accounts receivable, historical collection information and existing economic conditions. The Company determines if receivables are past due based on days outstanding, and amounts are written off when determined to be uncollectible by management. The maximum accounting loss from the credit risk associated with accounts receivable is the amount of the receivable recorded, which is the face amount of the receivable net of the allowance for doubtful accounts. As of December 31, 2021 and 2020, there were no Revenue Recognition and Cost of Revenues We account for revenue in accordance with FASB ASC Topic 606, Revenue from Contracts with Customers (Topic 606). Under that standard, revenue is recognized at a point in time or over time when performance obligations are fulfilled by delivery of goods or services to the customer. The core principals of revenue recognition under ASC 606 include the following five criteria: 1) Identify the contract with the customer; 2) Identify the performance obligations in the contract; 3) Determine the transaction price; 4) Allocate the transaction price to the performance obligations in the contract; and 5) Recognize revenue when (or as) we satisfy a performance obligation. During the years ended December 31, 2021 and 2020, the Company had no revenue from contracts with customers. Equity–based compensation The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “ Compensation – Stock Compensation The fair value of an option award is estimated on the date of grant using an option pricing model when quoted market prices are not available. Determining the appropriate option pricing model and calculating the fair value of equity–based payment awards require the use of assumptions that may be subjective. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and the Company uses different assumptions, the equity–based compensation could be materially different from amounts recorded in the financial statements. During the years ended December 31, 2021 and 2020, the Company had no equity-based payment awards outstanding and did not issue any equity-based payments. The Company did not record any expense or liabilities for equity-based payment awards during the years ended December 31, 2021 and 2020. Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “ Income Taxes FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no The Company may be subject to potential examination by federal, state, and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions, and compliance with federal, state, and city tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Earnings (Loss) Per Share The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, For the years ended December 31, 2021 and 2020, there were no dilutive instruments as the Company did not have any convertible debt and/or equity instruments issued and outstanding as of these dates. Recently Issued Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board, or FASB, or other standard setting bodies and adopted by us as of the specified effective date. Management has evaluated all recent accounting pronouncements as issued by the FASB in the form of Accounting Standards Updates through the date these financial statements were available to be issued and found no recent accounting pronouncements issued, but not yet effective accounting pronouncements, when adopted, will have a material impact on the financial statements of the Company. Related Parties The Company follows ASC 850, Related Party Disclosures |
Going Concern
Going Concern | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | Going Concern As of December 31, 2021, the Company did not have any business operations. As of December 31, 2021, the Company had assets totaling $ 138 99,263 99,125 On January 21, 2022, the Company received $ 44 40.5 million We expect that AMR Resources will have negative cash flow and require financial support for the foreseeable future while the Company takes actions necessary establish the operations as a profitable stand-alone business. |
Accounts Payable and Accrued Li
Accounts Payable and Accrued Liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities | Note 4. Accounts Payable and Accrued Liabilities As of December 31, 2021, the Company had recorded $ 1,031 |
Notes Payable and Accrued Inter
Notes Payable and Accrued Interest, Related Party | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Notes Payable and Accrued Interest, Related Party | Note 5. Notes Payable and Accrued Interest, Related Party On December 16, 2019, the Company issued a Promissory Note to an affiliate of a related party at the time of the transaction in the amount of Eighty-Nine Thousand Two Hundred Fifty-Eight dollars ($ 89,258 5.00 Schedule of notes payable and accrued interest December 31, 2021 December 31, 2020 Note payable $ 89,258 $ 89,258 Accrued interest 8,974 4,475 Total notes payable and accrued interest $ 98,232 $ 93,733 |
Stockholders_ Deficit
Stockholders’ Deficit | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
Stockholders’ Deficit | Note 6. Stockholders’ Deficit Preferred Stock The Company is authorized to issue 20,000,000 0.001 As of December 31, 2021 and 2020, the Company had 600,000 Common Stock The Company is authorized to issue 50,000,000 0.001 As of December 31, 2021, and 2020, the Company had 11,081,336 The Company did not issue any shares of Common Stock during the fiscal year ended December 31, 2021. During the year ended December 31, 2020, the Company issued 300,000 75,000 Shares Available for Issuance As of December 31, 2021, the Company had the following number of shares of Common Stock and Preferred Stock available for issuance: Schedule of shares issuance Preferred Stock Common Stock Number of shares authorized 20,000,000 50,000,000 Less shares issued and outstanding at December 31, 2021 600,000 11,081,336 Number of shares available for issuance 19,400,000 38,918,664 Options and Warrants As of both December 31, 2021 and 2020, the Company had no warrants or stock options outstanding. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 7. Commitments and Contingencies As of both December 31, 2021 and 2020, the Company did not have any material commitments that have not been disclosed. COVID-19 The Company is subject to risks and uncertainties as a result of the COVID-19 pandemic. The magnitude and overall effectiveness of these actions remain uncertain. The severity of the impact of the COVID-19 pandemic on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company’s customers, service providers and suppliers, all of which are uncertain and cannot be predicted. As of the date of issuance of Company’s financial statements, the extent to which the COVID-19 pandemic may in the future materially impact the Company’s financial condition, liquidity or results of operations is uncertain. Russia-Ukraine Conflict The Russian-Ukraine conflict is a global concern. The Company does not have any direct exposure to Russia or Ukraine through its operations, employee base, investments or sanctions. We have no basis to evaluate the possible risks of this conflict. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 8. Subsequent Events GNET ATC, Inc. Note On January 21, 2022, the Company issued the Note to GNET in an aggregate principal amount of $ 44 10 January 21, 2025 Acquisition of AMR Resources On February 1, 2022, the Company completed the AMR Resources Acquisition for $ 40.5 million The AMRR Agreement contains customary provisions reflecting a transaction of such scope and structure, including representations, warranties, indemnification obligations. The Company funded the purchase price from the AMRR’s readily available funds. |
Basis of Presentation and Sum_2
Basis of Presentation and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation The financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and include the accounts for the Company. The Company had no business operations during the years ended December 31, 2021 and 2020. Certain prior period amounts may have been reclassified to conform to current period presentation. These classifications, if any, have no effect on the previously reported net loss or loss per share. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of expenses in the financial statements and accompanying notes. Actual results could differ from those estimates. Key estimates generally included in the financial statements include the valuation of deferred income tax assets, equity instruments, stock-based compensation, acquired intangibles, and allowances for accounts receivable. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. At both December 31, 2021 and 2020, the Company’s cash balance was $ 138 43,436 250,000 |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amount of the Company’s short-term financial instruments approximates fair value due to the relatively short period to maturity for these instruments. |
Accounts Receivable and Allowance for Doubtful Accounts | Accounts Receivable and Allowance for Doubtful Accounts It is the Company’s policy to record accounts receivable at the amount management expects to collect from outstanding balances. The Company generally does not require collateral to support customer receivables. The Company provides an allowance for doubtful accounts based upon a review of the outstanding accounts receivable, historical collection information and existing economic conditions. The Company determines if receivables are past due based on days outstanding, and amounts are written off when determined to be uncollectible by management. The maximum accounting loss from the credit risk associated with accounts receivable is the amount of the receivable recorded, which is the face amount of the receivable net of the allowance for doubtful accounts. As of December 31, 2021 and 2020, there were no |
Revenue Recognition and Cost of Revenues | Revenue Recognition and Cost of Revenues We account for revenue in accordance with FASB ASC Topic 606, Revenue from Contracts with Customers (Topic 606). Under that standard, revenue is recognized at a point in time or over time when performance obligations are fulfilled by delivery of goods or services to the customer. The core principals of revenue recognition under ASC 606 include the following five criteria: 1) Identify the contract with the customer; 2) Identify the performance obligations in the contract; 3) Determine the transaction price; 4) Allocate the transaction price to the performance obligations in the contract; and 5) Recognize revenue when (or as) we satisfy a performance obligation. During the years ended December 31, 2021 and 2020, the Company had no revenue from contracts with customers. |
Equity–based compensation | Equity–based compensation The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “ Compensation – Stock Compensation The fair value of an option award is estimated on the date of grant using an option pricing model when quoted market prices are not available. Determining the appropriate option pricing model and calculating the fair value of equity–based payment awards require the use of assumptions that may be subjective. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and the Company uses different assumptions, the equity–based compensation could be materially different from amounts recorded in the financial statements. During the years ended December 31, 2021 and 2020, the Company had no equity-based payment awards outstanding and did not issue any equity-based payments. The Company did not record any expense or liabilities for equity-based payment awards during the years ended December 31, 2021 and 2020. |
Income Taxes | Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “ Income Taxes FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no The Company may be subject to potential examination by federal, state, and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions, and compliance with federal, state, and city tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. |
Earnings (Loss) Per Share | Earnings (Loss) Per Share The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, For the years ended December 31, 2021 and 2020, there were no dilutive instruments as the Company did not have any convertible debt and/or equity instruments issued and outstanding as of these dates. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board, or FASB, or other standard setting bodies and adopted by us as of the specified effective date. Management has evaluated all recent accounting pronouncements as issued by the FASB in the form of Accounting Standards Updates through the date these financial statements were available to be issued and found no recent accounting pronouncements issued, but not yet effective accounting pronouncements, when adopted, will have a material impact on the financial statements of the Company. |
Related Parties | Related Parties The Company follows ASC 850, Related Party Disclosures |
Notes Payable and Accrued Int_2
Notes Payable and Accrued Interest, Related Party (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of notes payable and accrued interest | Schedule of notes payable and accrued interest December 31, 2021 December 31, 2020 Note payable $ 89,258 $ 89,258 Accrued interest 8,974 4,475 Total notes payable and accrued interest $ 98,232 $ 93,733 |
Stockholders_ Deficit (Tables)
Stockholders’ Deficit (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
Schedule of shares issuance | Schedule of shares issuance Preferred Stock Common Stock Number of shares authorized 20,000,000 50,000,000 Less shares issued and outstanding at December 31, 2021 600,000 11,081,336 Number of shares available for issuance 19,400,000 38,918,664 |
Description of Business (Detail
Description of Business (Details Narrative) - USD ($) | Feb. 01, 2022 | Jan. 21, 2022 | Dec. 31, 2021 | Dec. 23, 2021 | Dec. 31, 2020 |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Common stock, shares issued | 11,081,336 | 11,081,336 | |||
Common Stock, Shares, Outstanding | 11,081,336 | 11,081,336 | |||
Cash payment acquire businesses | $ 500,000 | ||||
Total assets | 138 | ||||
Total liabilities | 99,263 | $ 94,763 | |||
Working capital deficit | $ 99,125 | ||||
Subsequent Event [Member] | AMR Resources [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Description of business acquisition | On February 1, 2022, the Company completed the acquisition of all outstanding limited liability company interests of AMR Resources (the “AMR Resources Acquisition”) for $40.5 million in cash, pursuant to a Unit Purchase Agreement (the “AMRR Agreement”), dated February 1, 2022, by and between the Company and OnePath Systems, LLC (“OnePath”), subject to post-closing adjustment as contemplated therein. In contemplation of the AMR Resources Acquisition, OnePath formed AMR Resources and contributed those assets necessary for the operation of its integrated services business. As a result of the AMR Resources Acquisition, the Company acquired all of the outstanding limited liability company interests of AMR Resources and the former integrated services business of OnePath and AMR Resources became a wholly owned subsidiary of the Company. | ||||
Secured Promissory Note Member | Subsequent Event [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Principal amount | $ 44,000,000 | ||||
Interest rate | 10.00% | ||||
Maturity Date | Jan. 21, 2025 | ||||
Repository Services Llc [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Percentage of preferred shares held | 100.00% | ||||
Multiband Global Resources Lc [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Percentage of preferred shares held | 100.00% | ||||
Repository Services Llc [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Common stock, shares issued | 8,123,230 | ||||
Common Stock, Shares, Outstanding | 8,123,230 | ||||
Business acquisition percentage interests acquired | 73.30% | ||||
Multiband Global Resources Lc [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Common stock, shares issued | 7,923,230 | ||||
Common Stock, Shares, Outstanding | 7,923,230 | ||||
Business acquisition percentage interests acquired | 71.50% |
Basis of Presentation and Sum_3
Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Cash and cash equivalents | $ 138 | $ 43,436 |
Insured amount | 250,000 | |
Accounts Receivable, after Allowance for Credit Loss, Current | 0 | 0 |
Unrecognized tax benefits | $ 0 | $ 0 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Feb. 01, 2022 | Jan. 21, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Short-term Debt [Line Items] | ||||
Net Assets | $ 138 | |||
Liabilities | 99,263 | $ 94,763 | ||
Working capital deficit | $ 99,125 | |||
Subsequent Event [Member] | AMR Resources [Member] | ||||
Short-term Debt [Line Items] | ||||
Cash used to acquire business | $ 40,500,000 | |||
Secured Promissory Note Member | Subsequent Event [Member] | ||||
Short-term Debt [Line Items] | ||||
Receive from loan proceeds | $ 44,000,000 |
Accounts Payable and Accrued _2
Accounts Payable and Accrued Liabilities (Details Narrative) | Dec. 31, 2021USD ($) |
Payables and Accruals [Abstract] | |
Accounts payable and accrued liabilities | $ 1,031 |
Schedule of notes payable and a
Schedule of notes payable and accrued interest (Details) - Convertible Debt [Member] - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Short-term Debt [Line Items] | ||
Note payable | $ 89,258 | $ 89,258 |
Accrued interest | 8,974 | 4,475 |
Total notes payable and accrued interest | $ 98,232 | $ 93,733 |
Notes Payable and Accrued Int_3
Notes Payable and Accrued Interest, Related Party (Details Narrative) - Convertible Debt [Member] - USD ($) | Dec. 31, 2021 | Dec. 16, 2019 |
Short-term Debt [Line Items] | ||
Transaction amount | $ 89,258 | |
Specialty Capital Lenders Llc [Member] | ||
Short-term Debt [Line Items] | ||
Interest rate | 5.00% |
Schedule of shares issuance (De
Schedule of shares issuance (Details) - shares | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Preferred Stock [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Number of shares authorized | 20,000,000 | ||
Less shares issued and outstanding at December 31, 2021 | 600,000 | 600,000 | 600,000 |
Number of shares available for issuance | 19,400,000 | ||
Common Stock [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Number of shares authorized | 50,000,000 | ||
Less shares issued and outstanding at December 31, 2021 | 11,081,336 | 11,081,336 | 10,781,336 |
Number of shares available for issuance | 38,918,664 |
Stockholders_ Deficit (Details
Stockholders’ Deficit (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2021 | |
Equity [Abstract] | ||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 600,000 | 600,000 |
Preferred stock, shares outstanding | 600,000 | 600,000 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares issued | 11,081,336 | 11,081,336 |
Common stock, shares outstanding | 11,081,336 | 11,081,336 |
Number of shares issued | 300,000 | |
Value of shares issued | $ 75,000 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - Subsequent Event [Member] - USD ($) | Feb. 01, 2022 | Jan. 21, 2022 |
AMR Resources [Member] | ||
Subsequent Event [Line Items] | ||
Cash used to acquire business | $ 40,500,000 | |
Secured Promissory Note Member | ||
Subsequent Event [Line Items] | ||
Principal amount | $ 44,000,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | |
Debt Instrument, Maturity Date | Jan. 21, 2025 |