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Fourth Wave Energy (FWAV)

Document and Entity Information

Document and Entity Information - USD ($)12 Months Ended
Dec. 31, 2019Apr. 10, 2020Jun. 30, 2019
Document And Entity Information
Entity Registrant NameFourth Wave Energy, Inc.
Entity Central Index Key0001652958
Document Type10-K
Document Period End DateDec. 31,
2019
Amendment Flagfalse
Current Fiscal Year End Date--12-31
Is Entity a Well-known Seasoned Issuer?No
Is Entity a Voluntary Filer?No
Is Entity's Reporting Status Current?No
Entity Filer CategoryNon-accelerated Filer
Entity Public Float $ 19,875,000
Entity Common Stock, Shares Outstanding35,488,163
Document Fiscal Period FocusFY
Document Fiscal Year Focus2019
Entity Shell Companyfalse
Entity Emerging Growth Companyfalse
Entity Small Businesstrue
Entity Interactive Data CurrentYes
Entity Incorporation, State or Country CodeNV
Entity File Number333-207047

BALANCE SHEETS

BALANCE SHEETS - USD ($)Dec. 31, 2019Dec. 31, 2018
Current assets:
Cash $ 1,691 $ 1,285
Prepaid assets24,018 5,700
Total currents assets25,709 6,985
Total assets25,709 6,985
Current liabilities:
Accounts payable128,519 15,028
Accounts payable - related party104,623 164,841
Notes payable323,900 244,000
Notes payable - related party9,000 6,000
Convertible notes, net of unamortized discount of $83,441 and $0, respectively116,559
Derivative liability185,295
Total current liabilities867,896 429,869
Total liabilities867,896 429,869
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 500,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized, 29,288,163 and 29,051,800 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively29,288 29,052
Additional paid in capital348,680 189,048
Accumulated deficit(1,220,155)(640,984)
Total stockholders' deficit(842,187)(422,884)
Total liabilities and stockholders' deficit $ 25,709 $ 6,985

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - USD ($)Dec. 31, 2019Dec. 31, 2018
Statement of Financial Position [Abstract]
Convertible notes, unamortized discount $ 83,441 $ 0
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, Shares Authorized500,000,000 500,000,000
Preferred Stock, Shares Issued0 0
Preferred Stock, Shares Outstanding0 0
Common Stock, par value $ 0.001 $ 0.001
Common Stock, Shares Authorized200,000,000 200,000,000
Common Stock, Shares Issued29,288,163 29,051,800
Common Stock, Shares Outstanding29,288,163 29,051,800

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)12 Months Ended
Dec. 31, 2019Dec. 31, 2018
Operating expenses:
Depreciation $ 1,184
General and administration416,174 197,717
Total operating expenses(416,174)(198,901)
Amortization of debt discount(100,174)
Interest expense(6,183)
Change in fair value of derivative liability(56,640)
Total other expense(162,997)
Net loss $ (579,171) $ (198,901)
Net loss per share:
Basic and diluted $ (0.02) $ (0.01)
Weighted average shares outstanding:
Basic and diluted29,091,310 29,051,800

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)Common StockAdditional Paid-In CapitalAccumulated DeficitTotal
Beginning Balance at Dec. 31, 2017 $ 28,305 $ 3,095 $ (442,083) $ (410,683)
Beginning Balance, Shares at Dec. 31, 201728,305,000
Sale of common stock $ 747 185,953 186,700
Sale of common stock, in shares746,800
Net Loss (198,901)(198,901)
Ending Balance at Dec. 31, 2018 $ 29,052 189,048 (640,984)(422,884)
Ending Balance, Shares at Dec. 31, 201829,051,800
Common shares issued with convertible note $ 50 19,910 19,960
Common shares issued with convertible note, in shares50,000
Common stock issued for services $ 186 139,722 $ 139,908
Common stock issued for services, in shares186,363
Sale of common stock, in shares50,000
Net Loss (579,171) $ (579,171)
Ending Balance at Dec. 31, 2019 $ 29,288 $ 348,680 $ (1,220,155) $ (842,187)
Ending Balance, Shares at Dec. 31, 201929,288,163

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)12 Months Ended
Dec. 31, 2019Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (579,171) $ (198,901)
Adjustment to reconcile net loss to cash used in operating activities:
Stock based compensation139,908
Depreciation expense 1,184
Amortization of debt discount100,174
Loss on change in fair value of derivative liability(56,640)
Net change in:
Prepaid assets(18,318)(5,700)
Accounts payable16,991 10,149
Accounts payable - related party36,282 20,341
CASH FLOWS USED IN OPERATING ACTIVITIES(247,494)(172,927)
CASH FLOWS FROM FINANCING ACTIVITIES:
Sale of common stock 186,700
Proceeds from convertible notes165,000
Proceeds from notes payable, related party3,000 20,012
Payments from notes payable, related party (52,500)
Proceeds from notes payable, unrelated party79,900 20,000
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES247,900 174,212
NET CHANGE IN CASH406 1,285
Cash, beginning of period1,285
Cash, end of period1,691 1,285
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid on interest expenses
Cash paid for income taxes
NON-CASH TRANSACTIONS
Common stock issued with convertible notes19,960
Debt discount created by derivative liability $ 128,655

Basis of Presentation

Basis of Presentation12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]
Basis of PresentationNote 1. Basis of Presentation General Fourth Wave Energy, Inc. (formerly Pierre Corp.) (the “Company”) was incorporated
in Nevada on January 21, 2011. Since its incorporation, the Company has attempted to become involved in a number of business
ventures, all of which were unsuccessful and which it has abandoned. On March 16, 2020 we acquired all of the outstanding shares of Fourth Wave Energy, Inc.
for 6,200,000 restricted shares of our common stock. On March 20, 2020, shareholders owning a majority of the Company’s
outstanding shares of common stock amended the Company’s Articles of Incorporation to change the name of the Company from
Pierre Corp. to Fourth Wave Energy, Inc. Fourth Wave has designed an energy system which is based on combining solar power
and other energy efficient technologies into one fully integrated system. The Fourth Wave energy system is designed to significantly
reduce energy consumption and associated carbon emissions in residences and commercial buildings. Fourth Wave plans to build five
pilot projects as showcases for its technology. Prior to the change of business strategy to Fourth Wave the Company decided to become
involved in the marijuana industry. The Company planned to own and operate medical and adult marijuana cultivation facilities,
manufacturing facilities and dispensaries in California. On October 15, 2018 a shareholder owning a majority of the Company’s outstanding
shares of common stock amended the Company’s Articles of Incorporation to: • change the name of the Company from Wadena Corp. to Pierre Corp. • reverse split the Company’s outstanding shares of common
stock on a 5-for-1 basis. All per share disclosures retroactively reflect post-split shares. The Company’s activities are subject to significant risks and uncertainties including
failure to secure additional funding to properly execute the Company’s business plan.

Summary of Significant Accounti

Summary of Significant Accounting Policies12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting PoliciesNote 2. Summary of Significant Accounting Policies The financial statements have, in management's opinion, been properly prepared within
the framework of the significant accounting policies summarized below: Use of Estimates In preparing financial statements in conformity with accounting principles generally
accepted in the United States of America, management is required to make estimates and assumptions that affect the amounts reported
in the financial statements and accompanying notes. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with an original purchase maturity
of three months or less to be cash equivalents. Property and Equipment Property and equipment is carried at cost less accumulated depreciation. Depreciation
is provided principally on the straight-line method over the useful lives as follows: Furniture and fixtures 7 years Equipment 5 years Fair Value of Financial Instruments The carrying value of short-term instruments, including cash, accounts payable and accrued
expenses, and short-term notes approximate fair value due to the relatively short period to maturity for these instruments. The
long-term debt approximate fair value since the related rates of interest approximate current market rates. Fair value is defined as the exchange price that would be received for an asset or paid
to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction
between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable
inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair
value measurements, defined as follows: Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical
assets or liabilities in active markets Level 2: inputs to the valuation methodology include quoted prices for similar assets
and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for
substantially the full term of the financial instruments. Level 3: inputs to the valuation methodology are unobservable and significant to the
fair value Fair Value Measurements The Company’s assets and liabilities recorded at fair value have been categorized
based upon a fair value hierarchy. The following table presents information about the Company’s liabilities measured
at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and
liabilities as of December 31, 2019 and December 31, 2018:
Fair value measured at December 31, 2019
Total carrying value at December 31, 2019
Quoted prices in active markets (Level 1)
Significant other observable inputs (Level 2)
Significant Unobservable inputs (Level 3)
Liabilities:
Derivative liabilities $ 185,295 $ - $ - $ 185,295
Fair value measured at December 31, 2018
Total carrying value at December 31, 2018
Quoted prices in active markets (Level 1)
Significant other observable inputs (Level 2)
Significant Unobservable inputs (Level 3)
Liabilities:
Derivative liabilities $ - $ - $ - $ - There were no transfers between Level 1, 2 or 3 during the periods.
Fair value as of December 31, 2018 $ -
Fair value on the date of issuance recorded as a debt discount 128,655
Fair value on the date of issuance recorded as a loss on derivatives 56,280
Gain on change in fair value of derivatives 360
Fair value as of December 31, 2019 $ 185,295 Beneficial Conversion Features If the conversion feature of conventional convertible debt provides for a rate of conversion
that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded
by the Company as a debt discount pursuant to ASC Topic 47020 “Debt with Conversion and Other Options.” In those circumstances,
the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense
over the life of the debt using the effective interest method. Convertible debt The Company records a beneficial conversion feature related to the issuance of convertible
debts that have conversion features at fixed or adjustable rates. The beneficial conversion feature for the convertible instruments
is recognized and measured by allocating a portion of the proceeds as an increase in additional paid-in capital and as a reduction
to the carrying amount of the convertible instrument equal to the intrinsic value of the conversion features. The beneficial conversion
feature will be accreted by recording additional noncash interest expense over the expected life of the convertible notes. Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as
conversion features in convertible debt or equity instruments and measurement of their fair value for accounting purposes. In assessing
the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt
and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional
convertible debt under ASC 470, the Company will continue its evaluation process of these instruments as derivative financial instruments
under ASC 815. The Company applies the guidance in ASC 815-40-35-12 to determine the order in which each convertible instrument
would be evaluated for derivative classification. Once determined, derivative liabilities are adjusted to reflect fair value at each reporting
period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value
of derivatives. Income Taxes The Company uses the assets and liability method of accounting for income taxes. Under
the assets and liability method deferred tax assets and liabilities are recognized for the future tax consequences attributable
to temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective
tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income
in the years in which those temporary differences are expected to be recovered or settled. Basic and Diluted Loss Per Share Basic loss per common share is computed by dividing net loss available to common shareholders
by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is determined using
the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents.
In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents,
because their inclusion would be anti-dilutive. As of December 31, 2019, the
Company’s potentially dilutive shares, which were not included in the calculation of net loss per share, included notes convertible
to 506,237 common shares. As of December 31, 2018, Company had no potentially dilutive shares or options. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (ASU 2016-02).
Under ASU No. 2016-2, an entity is required to recognize right-of-use assets and lease liabilities (“ROU”) on its balance
sheet and disclose key information about leasing arrangements. ASU No. 2016-02 offers specific accounting guidance for a lessee,
a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information
about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows
arising from leases. For public companies, The Company adopted this standard on January 1, 2019 using the modified retrospective
method. The new standard provides a number of optional practical expedients in transition. The Company elected the ‘package
of practical expedients’, which permitted the Company not to reassess under the new standard its prior conclusions about
lease identification, lease classification and initial direct costs; and all of the new standard’s available transition practical
expedients. The new standard also provides practical expedients for a company’s ongoing accounting.
The Company elected the short-term lease recognition exemption for its leases. For those leases with a lease term of 12 months
or less, the Company will not recognize ROU assets or lease liabilities. The Company also made an accounting policy election to
combine lease and non-lease components of operating leases for all asset classes. The adoption of this new standard did not
impact the Company. In June 2018, the FASB issued ASU No. 2018-07, Compensation Stock Compensation (Topic
718) - Improvements to Nonemployee Share-Based Payment Accounting, which aligns the accounting for share-based payment awards issued
to employees and nonemployees. Under ASU No. 2018-07, the existing employee guidance will apply to nonemployee share-based transactions
(as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution
of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods
or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model
for nonemployee awards. The Company adopted the provisions of the guidance on January 1, 2019 with no material impact on the Company’s
consolidated financial statements and disclosures. The Company does not believe that any other recently issued effective pronouncements,
or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

Going Concern

Going Concern12 Months Ended
Dec. 31, 2019
Notes to Financial Statements
Going ConcernNote 3. Going Concern These financial statements have been prepared in accordance with generally accepted accounting
principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its
operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these
financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets
and liabilities should the Company be unable to continue as a going concern. At December 31, 2019, the Company had not yet achieved
profitable operations and expects to incur further losses in the development of its business, all of which raise substantial doubt
about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is
dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations
and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to
address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related
party advances, however, there is no assurance of additional funding being available.

Related Party Transactions

Related Party Transactions12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party TransactionsNote 4. Related Party Transactions The related party advances are due to the former director and President
of the Company for funds advanced. The advances are unsecured, non-interest bearing and have no specific terms for repayment.
As of September 30, 2019, the advances totaled $6,000. Effective March 1, 2012, the Company agreed to pay the President of
the Company $4,000 per month for management services if funds are available or to accrue such amount if funds are not available.
Effective July 1, 2016, the Company agreed to pay the President of the Company $2,000 per month for management services if
funds are available or to accrue such amount if funds are not available. Effective October 1, 2018, the Company agreed to
pay the President of the Company $6,000 per month for management services if funds are available or to accrue such amount if funds
are not available. Effective April 30, 2019, the Company agreed to pay the President of the Company $11,500 per month for
management services if funds are available or to accrue such amount if funds are not available. The agreement is verbal and
can be cancelled at any time. Accounts payable – related party are the fees earned but not yet paid of $189,877 and
$164,841 at September 30, 2019 and December 31, 2018, respectively. Fees earned during the period are as follows:
Nine months ended September 30, 2019 Nine months ended September 30, 2018
Management fees $ 87,000 $ 18,000 Robert Sawatsky, who was previously the President and CEO of the Company
provided consulting services to the Company related to public company reporting with no expected compensation for the period ending
June 30, 2019. During the nine months ended September 30, 2019 Mr. Sawatsky advanced $3,000 to the Company. The advance
is unsecured, non-interest bearing and has no specific terms for repayment.

Notes Payable

Notes Payable12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]
Notes PayableNote 5. Notes Payable During the year ended December 31, 2018, the Company received a loan for $20,000 from
an individual. The loan is in addition to the loans previously entered into by the Company, is unsecured, non-interest bearing,
has no specific terms for repayment and payable on demand. As of December 31, 2018, the loans totaled $244,000. During the year ended December 31, 2019, the Company received advances of $79,900. The
advances are unsecured, non-interest bearing, have no specific terms for repayment and payable on demand. As of December 31, 2019,
the advances totaled $323,900

Convertible Notes Payable

Convertible Notes Payable12 Months Ended
Dec. 31, 2019
Notes to Financial Statements
Convertible Notes PayableNote 6. Convertible Notes Payable and Derivative Liability On April 25, 2019, the Company borrowed $30,000 from an unrelated third party. The unsecured
loan had an original issuance discount of $2,500 plus an additional $2,500 to pay for transaction fees of the lender, which will
be amortized over the life of the note . The loan bears interest at a rate of 9% and is due and payable on October 25, 2019 and
is currently past due. If a default notice is received the interest rate will be 18%. The Company may prepay the loan by
paying the lender the outstanding loan principal and accrued interest plus premiums ranging from 5% to 25% and accrued interest.
The unpaid principal is convertible into shares of the Company’s common stock at the conversion price. The conversion price
is 50% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days immediately prior
to the date of conversion. Due to the variable conversion feature the note conversion feature was bifurcated from the note and
recorded as a derivative liability. The day one derivative liability was $28,112 which was recorded as a discount on the note payable
and a day one loss on the derivative liability of $9,362. In addition, the note holder was issued 25,000 shares of common stock
with a relative fair value of $6,250 which was recorded as a debt discount and will be amortized over the life of the note. As
of December 31, 2019, the balance on the loan, net of unamortized discount of $0, is $30,000. On June 4, 2019, the Company borrowed $55,000 from an unrelated third party. The unsecured
loan had an original issuance discount of $5,000 which will be amortized over the life of the note. The loan bears interest at
a rate of 10% and is due and payable on March 4, 2020. At any time on or before December 1, 2019 the Company may prepay the loan
by paying the lender the outstanding loan principal and accrued interest plus premiums ranging from 20% to 40%. After December
1, 2019, the Company may not repay the loan without the consent of the lender. At any time after December 1, 2019, the unpaid principal
is convertible into shares of the Company’s common stock at the conversion price. The conversion price is 65% of the lowest
trading price of the Company’s common stock during the 20 consecutive trading days immediately prior to the date of conversion.
Due to the variable conversion feature the note conversion feature was bifurcated from the note and recorded as a derivative liability.
The day one derivative liability was $33,615 which was recorded as a discount on the note payable. As of December 31, 2019, the
balance on the loan, net of unamortized discount of $9,019, is $45,981. On September 9, 2019, the Company borrowed $30,000 from an unrelated third party. The
unsecured loan had an original issuance discount of $2,500 plus an additional $2,500 to pay for transaction fees of the lender,
which will be amortized over the life of the note. The loan bears interest at a rate of 9% and is due and payable on March 9, 2020.
The Company may prepay the loan by paying the lender the outstanding loan principal and accrued interest plus premiums ranging
from 5% to 25% and accrued interest. The unpaid principal is convertible into shares of the Company’s common stock at the
conversion price. The conversion price is 50% of the lowest trading price of the Company’s common stock during the 20 consecutive
trading days immediately prior to the date of conversion. Due to the variable conversion feature the note conversion feature was
bifurcated from the note and recorded as a derivative liability. The day one derivative liability was $31,581, of which $20,291
was recorded as a day one loss on the derivative liability and an additional $11,290 was recorded as a discount on the notes payable.
In addition, the note holder was issued 25,000 shares of common stock with a relative fair value of $13,710 which was recorded
as a debt discount and will be amortized over the life of the note. As of December
31, 2019, the balance on the loan, net of unamortized discount of $11,373, is $18,627. On November 14, 2019, the Company borrowed $85,000 from an unrelated third party. The
unsecured loan had an original issuance discount of $20,000, which will be amortized over the life of the note. The loan bears
interest at a rate of 9% and is due and payable on May 14, 2020. The Company may prepay the loan by paying the lender the outstanding
loan principal and accrued interest plus premiums ranging from 5% to 25% and accrued interest. The unpaid principal is convertible
into shares of the Company’s common stock at the conversion price. The conversion price is 50% of the lowest trading price
of the Company’s common stock during the 20 consecutive trading days immediately prior to the date of conversion. Due to
the variable conversion feature the note conversion feature was bifurcated from the note and recorded as a derivative liability.
The day one derivative liability was $89,071, of which $24,071 was recorded as a day one loss on the derivative liability and an
additional $65,000 was recorded as a discount on the notes payable. As of December
31, 2019, the balance on the loan, net of unamortized discount of $63,049, is $21,951. As of December 31, 2019, the total derivative liability on the above notes was adjusted
to a fair value of $185,295. During the year ended December 31, 2019, $100,174 of the discount was amortized leaving an unamortized
balance of $83,441. The fair value of the conversion option was estimated using the Black-Scholes option pricing model and the
following assumptions during the period: fair value of stock $0.25 - $1.10, volatility of 51% - 59% based on a comparable company
peer group, expected term of 0.32 – 1.00 years, risk-free rate of 1.5% - 2.3% and a dividend yield of 0%.

Capital Stock

Capital Stock12 Months Ended
Dec. 31, 2019
Capital Stock
Capital StockNote 7. Capital Stock Between May and August 2018, third
party investors purchased 746,800 shares of the Company’s common stock at a price of $0.25 per share for gross proceeds of
$186,700. The Company relied upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933 in connection
with the sale of the common stock described above. On October 15, 2018, the Company’s Board of Directors declared a five-for-one reverse
stock split of the Company’s common stock. The record date for the stock split was October 15, 2018. Shareholders of record
as of the close of business on the record date received one share of common stock of the Company for every five shares that they
owned on such date. The earnings per share calculations and share data for all periods presented have been recast to reflect the
impact of the stock split on outstanding shares. During the year ended December 31, 2019 the Company issued 50,000 shares of its restricted
common stock to the third party that provided the Company with the $60,000 in loans described in Note 5. On November 4, 2019, the Company issued 50,000 common shares to a consultant for services.
The fair value of the shares was $39,000 and was recognized as of December 31, 2019. During the year ended December 31, 2019, $39,000
of expense was recognized. On November 14, 2019, the Company entered into an Equity Purchase Agreement with Tiger
Trout Capital, LLC (“TTC”). Under the Agreement, TTC agreed to provide the Company with up to $2,500,000 of funding
through the purchase of shares of the Company's common stock. As of December 31, 2019, the Company issued 136,363 shares of its
common stock with a fair value of $100,908 to TTC pursuant to this agreement as an inducement to enter the agreement.

Income Taxes

Income Taxes12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income TaxesNote 8. Income Taxes The cumulative tax effect at the expected rate of 21% of significant items comprising
the Company’s net deferred tax amount is as follows:
December 31, 2019 December 31, 2018
Deferred tax asset attributable to:
Net operating loss $ 193,200 $ 134,600
Valuation allowance (193,200) (134,600)
Net $ - $ - A reconciliation of income tax provision to the provision that would be recognized under
the statutory rates is as follows:
December 31, 2019 December 31, 2018
Benefit attributable to operating loss $ 121,600 $ 41,800
Non-deductible expenses (63,000) -
Impact of change in tax rate - -
Valuation allowance (58,600) (41,800)
Net provision $ - $ - The amount taken into income as deferred tax assets must reflect that portion of the
income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen
to provide an allowance of 100% against all available income tax loss carry forwards, regardless of their time of expiry. No provision for income taxes has been provided in these financial statements due to
the net loss. At December 31, 2019, the Company has net operating loss carry forwards, which expire commencing in 2031,
totaling approximately $920,000, the benefit of which has not been recorded in the financial statements.

Subsequent Events

Subsequent Events12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent EventsNote 9. Subsequent Events On January 15, 2020, the Company converted
$20,000 in advances from an unrelated third party into a promissory note. The unsecured note bears an interest rate of 8% and matures
on January 15, 2021. On January 23, 2020, the Company borrowed $120,000 from an unrelated third party. The
loan had an original issuance discount of $10,500, which will be amortized over the life of the note. The loan bears interest at
a rate of 10% and is due and payable on January 22, 2021. The Company may prepay the loan by paying the lender the outstanding
loan principal and accrued interest plus premiums ranging from 5% to 25% and accrued interest. The unpaid principal is convertible
into shares of the Company’s common stock at the conversion price. The conversion price is 45% of the lowest trading price
of the Company’s common stock during the 25 consecutive trading days immediately prior to the date of conversion. During February and March 2020 the Company sold convertible
notes in the principal amount of $164,000. The notes are unsecured, bear interest at 8% per year, and are due and payable
on February 15, 2021. At the option of the holder, the notes can be converted into shares of the Company’s common stock.
The number of shares of the Company’s common stock which will be issued upon any conversion will be determined by dividing
the amount to be converted by $0.25. On March 16, 2020 the Company acquired all of the outstanding shares
of Fourth Wave Energy, Inc. for 6,200,000 restricted shares of the Company’s common stock. In connection with this acquisition the Company entered into consulting agreements with
certain founders of Fourth Wave. The consulting agreements require the Company to collectively pay $385,000 in consulting fees
during the terms of the consulting agreements, all but one of which expire between May 31 and June 30, 2020. One consulting
agreement is for a twelve month period and expires in the Spring of 2021. On March 20, 2020, shareholders owning a majority of the Company's outstanding shares
of common stock amended the Company's Articles of Incorporation to change the name of the Company from Pierre Corp. to Fourth Wave
Energy, Inc. On March 26, 2020, the Company designated 1,000 shares
of its original 5,000,000 authorized shares of Preferred Stock as Series A Preferred Stock (“Series A”) with a $0.01
par value. Each Series A Preferred share entitles the holder to vote on
all matters submitted to a vote of our shareholders or with respect to actions that may be taken by written consent. The Series
A holders shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the
purpose, annual dividends payable in cash on the 31st day of December in each year, commencing on December 3l, 2020 at the rate
of $0.10 per share per year. On March 26, 2020, we issued 1,000 shares of our Series A preferred stock to J. Jacob
Isaacs. In March 2020 the Director General of the World Health Organization declared COVID-19
a pandemic. We are still assessing the impact COVID-19 may have on our business, but there can be no assurance that this analysis
will enable us to avoid part or all of any impact from the spread of COVID-19 or its consequences, including downturns in business
sentiment generally. The extent to which the COVID-19 pandemic and global efforts to contain its spread will impact our operations
will depend on future developments, which are highly uncertain and cannot be predicted at this time, and include the duration,
severity and scope of the pandemic and the actions taken to contain or treat the COVID-19 pandemic.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)12 Months Ended
Dec. 31, 2019
Summary Of Significant Accounting Policies
Use of EstimatesUse of Estimates In preparing financial statements in conformity with accounting principles generally
accepted in the United States of America, management is required to make estimates and assumptions that affect the amounts reported
in the financial statements and accompanying notes. Actual results could differ from those estimates.
Cash and Cash EquivalentsCash and Cash Equivalents The Company considers all highly liquid investments with an original purchase maturity
of three months or less to be cash equivalents.
Property and EquipmentProperty and Equipment Property and equipment is carried at cost less accumulated depreciation. Depreciation
is provided principally on the straight-line method over the useful lives as follows: Furniture and fixtures 7 years Equipment 5 years
Fair Value of Financial InstrumentsFair Value of Financial Instruments The carrying value of short-term instruments, including cash, accounts payable and accrued
expenses, and short-term notes approximate fair value due to the relatively short period to maturity for these instruments. The
long-term debt approximate fair value since the related rates of interest approximate current market rates. Fair value is defined as the exchange price that would be received for an asset or paid
to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction
between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable
inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair
value measurements, defined as follows: Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical
assets or liabilities in active markets Level 2: inputs to the valuation methodology include quoted prices for similar assets
and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for
substantially the full term of the financial instruments. Level 3: inputs to the valuation methodology are unobservable and significant to the
fair value
Fair Value MeasurementsFair Value Measurements The Company’s assets and liabilities recorded at fair value have been categorized
based upon a fair value hierarchy. The following table presents information about the Company’s liabilities measured
at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and
liabilities as of December 31, 2019 and December 31, 2018:
Fair value measured at December 31, 2019
Total carrying value at December 31, 2019
Quoted prices in active markets (Level 1)
Significant other observable inputs (Level 2)
Significant Unobservable inputs (Level 3)
Liabilities:
Derivative liabilities $ 185,295 $ - $ - $ 185,295
Fair value measured at December 31, 2018
Total carrying value at December 31, 2018
Quoted prices in active markets (Level 1)
Significant other observable inputs (Level 2)
Significant Unobservable inputs (Level 3)
Liabilities:
Derivative liabilities $ - $ - $ - $ - There were no transfers between Level 1, 2 or 3 during the periods.
Fair value as of December 31, 2018 $ -
Fair value on the date of issuance recorded as a debt discount 128,655
Fair value on the date of issuance recorded as a loss on derivatives 56,280
Gain on change in fair value of derivatives 360
Fair value as of December 31, 2019 $ 185,295
Beneficial Conversion FeaturesBeneficial Conversion Features If the conversion feature of conventional convertible debt provides for a rate of conversion
that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded
by the Company as a debt discount pursuant to ASC Topic 47020 “Debt with Conversion and Other Options.” In those circumstances,
the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense
over the life of the debt using the effective interest method.
Convertible debtConvertible debt The Company records a beneficial conversion feature related to the issuance of convertible
debts that have conversion features at fixed or adjustable rates. The beneficial conversion feature for the convertible instruments
is recognized and measured by allocating a portion of the proceeds as an increase in additional paid-in capital and as a reduction
to the carrying amount of the convertible instrument equal to the intrinsic value of the conversion features. The beneficial conversion
feature will be accreted by recording additional noncash interest expense over the expected life of the convertible notes.
Derivative Financial InstrumentsDerivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as
conversion features in convertible debt or equity instruments and measurement of their fair value for accounting purposes. In assessing
the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt
and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional
convertible debt under ASC 470, the Company will continue its evaluation process of these instruments as derivative financial instruments
under ASC 815. The Company applies the guidance in ASC 815-40-35-12 to determine the order in which each convertible instrument
would be evaluated for derivative classification. Once determined, derivative liabilities are adjusted to reflect fair value at each reporting
period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value
of derivatives.
Income TaxesIncome Taxes The Company uses the assets and liability method of accounting for income taxes. Under
the assets and liability method deferred tax assets and liabilities are recognized for the future tax consequences attributable
to temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective
tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income
in the years in which those temporary differences are expected to be recovered or settled.
Basic and Diluted Loss Per ShareBasic and Diluted Loss Per Share Basic loss per common share is computed by dividing net loss available to common shareholders
by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is determined using
the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents.
In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents,
because their inclusion would be anti-dilutive. As of December 31, 2019, the
Company’s potentially dilutive shares, which were not included in the calculation of net loss per share, included notes convertible
to 506,237 common shares. As of December 31, 2018, Company had no potentially dilutive shares or options.
Recent Accounting PronouncementsRecent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (ASU 2016-02).
Under ASU No. 2016-2, an entity is required to recognize right-of-use assets and lease liabilities (“ROU”) on its balance
sheet and disclose key information about leasing arrangements. ASU No. 2016-02 offers specific accounting guidance for a lessee,
a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information
about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows
arising from leases. For public companies, The Company adopted this standard on January 1, 2019 using the modified retrospective
method. The new standard provides a number of optional practical expedients in transition. The Company elected the ‘package
of practical expedients’, which permitted the Company not to reassess under the new standard its prior conclusions about
lease identification, lease classification and initial direct costs; and all of the new standard’s available transition practical
expedients. The new standard also provides practical expedients for a company’s ongoing accounting.
The Company elected the short-term lease recognition exemption for its leases. For those leases with a lease term of 12 months
or less, the Company will not recognize ROU assets or lease liabilities. The Company also made an accounting policy election to
combine lease and non-lease components of operating leases for all asset classes. The adoption of this new standard did not
impact the Company. In June 2018, the FASB issued ASU No. 2018-07, Compensation Stock Compensation (Topic
718) - Improvements to Nonemployee Share-Based Payment Accounting, which aligns the accounting for share-based payment awards issued
to employees and nonemployees. Under ASU No. 2018-07, the existing employee guidance will apply to nonemployee share-based transactions
(as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution
of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods
or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model
for nonemployee awards. The Company adopted the provisions of the guidance on January 1, 2019 with no material impact on the Company’s
consolidated financial statements and disclosures. The Company does not believe that any other recently issued effective pronouncements,
or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)12 Months Ended
Dec. 31, 2019
Disclosure Basis Of Presentation Policies Abstract
Schedule of Change in Fair Value of Derivative LiabilityThe following table presents information about the Company’s liabilities measured
at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and
liabilities as of December 31, 2019 and December 31, 2018:
Fair value measured at December 31, 2019
Total carrying value at December 31, 2019
Quoted prices in active markets (Level 1)
Significant other observable inputs (Level 2)
Significant Unobservable inputs (Level 3)
Liabilities:
Derivative liabilities $ 185,295 $ - $ - $ 185,295
Fair value measured at December 31, 2018
Total carrying value at December 31, 2018
Quoted prices in active markets (Level 1)
Significant other observable inputs (Level 2)
Significant Unobservable inputs (Level 3)
Liabilities:
Derivative liabilities $ - $ - $ - $ -

Related Party Transactions (Tab

Related Party Transactions (Tables)12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of Related Party TransactionsFees earned during the period are as follows:
Nine months ended September 30, 2019 Nine months ended September 30, 2018
Management fees $ 87,000 $ 18,000

Income Taxes (Tables)

Income Taxes (Tables)12 Months Ended
Dec. 31, 2019
Disclosure Income Taxes Tables Abstract
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]The cumulative tax effect at the expected rate of 21% of significant items comprising
the Company’s net deferred tax amount is as follows:
December 31, 2019 December 31, 2018
Deferred tax asset attributable to:
Net operating loss $ 193,200 $ 134,600
Valuation allowance (193,200) (134,600)
Net $ - $ -
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]A reconciliation of income tax provision to the provision that would be recognized under
the statutory rates is as follows:
December 31, 2019 December 31, 2018
Benefit attributable to operating loss $ 121,600 $ 41,800
Non-deductible expenses (63,000) -
Impact of change in tax rate - -
Valuation allowance (58,600) (41,800)
Net provision $ - $ -

Basis of Presentation (Details

Basis of Presentation (Details Narrative)Oct. 15, 2018
Basis Of Presentation
Business Combination, Reason for Business CombinationFourth Wave has designed an energy system which is based on combining solar power and other energy efficient technologies into one fully integrated system. The Fourth Wave energy system is designed to significantly reduce energy consumption and associated carbon emissions in residences and commercial buildings. Fourth Wave plans to build five pilot projects as showcases for its technology.
Business Acquisition, Name of Acquired EntityFourth Wave Energy, Inc.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details)12 Months Ended
Dec. 31, 2019
Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life7 years
Equipment [Member]
Property, Plant and Equipment, Useful Life5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 2) - USD ($)Dec. 31, 2019Dec. 31, 2018
Derivative liabilities $ 185,295
Fair Value, Recurring [Member]
Derivative liabilities185,295
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative liabilities $ 185,295

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details 3)12 Months Ended
Dec. 31, 2019USD ($)
Fair value, Beginning
Fair value, Ending185,295
Fair Value, Recurring [Member]
Fair value, Beginning
Fair value, Ending185,295
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, Beginning
Fair value on the date of issuance recorded as a debt discount128,655
Fair value on the date of issuance recorded as a loss on derivatives56,280
Gain on change in fair value of derivatives360
Fair value, Ending $ 185,295

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)12 Months Ended
Dec. 31, 2019Dec. 31, 2018
Related Party Transactions [Abstract]
Management fees $ 121,500 $ 36,000

Related Party Transactions (D_2

Related Party Transactions (Details Narrative) - USD ($)Apr. 30, 2019Oct. 02, 2018Jul. 02, 2016Mar. 01, 2012Dec. 31, 2019Dec. 31, 2018
Accounts payable - related party are the fees earned but not yet paid $ 104,623 $ 68,341
President [Member] | Management Service [Member]
Management Services to President per month $ 11,500 $ 6,000 $ 2,000 $ 4,000

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)12 Months Ended
Dec. 31, 2019Dec. 31, 2018
Disclosure Notes Payable Details Narrative Abstract
Notes Payable $ 323,900 $ 244,000
Company Received advance for unrelated parties $ 79,900

Equity Transactions (Details Na

Equity Transactions (Details Narrative) - USD ($)Oct. 15, 2018Aug. 31, 2018Dec. 31, 2019
Disclosure Equity Transactions Details Narrative Abstract
Number of common stock issued746,800 50,000
Reverse Stock SplitThe Company's Board of Directors declared a five-for-one reverse stock split of the Company's common stock. The record date for the stock split was October 15, 2018.
Proceeds from issuance of Common Stock $ 186,700 $ 60,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)Dec. 31, 2019Dec. 31, 2018
Deferred tax asset attributable to:
Net operating loss $ 193,200 $ 134,600
Valuation allowance(193,200)(134,600)
Net

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)12 Months Ended
Dec. 31, 2019Dec. 31, 2018
Income Tax Disclosure [Abstract]
Benefit attributable to operating loss $ 121,600 $ 41,800
Non-deductible expenses(63,000)
Impact of change in tax rate
Valuation allowance(58,600)(41,800)
Net provision

Income Taxes (Details Narrative

Income Taxes (Details Narrative)12 Months Ended
Dec. 31, 2019USD ($)
Income Tax Disclosure [Abstract]
Net Operating CarryForward Loss $ 920,000
Operating Loss Carryforwards, Expiration DateDec. 31,
2031
Reconciliation of income tax provision under the statutory rates21.00%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)Mar. 26, 2020Mar. 16, 2020Jan. 23, 2020Jan. 15, 2020Dec. 31, 2019Dec. 31, 2018
Note Discount $ 83,441 $ 0
Preferred Stock, Shares Issued0 0
Subsequent Event [Member] | Preferred Stock [Member] | Series A Preferred Stock [Member] | J. Jacob Isaacs
Voting RightsEach Series A Preferred share entitles the holder to vote on all matters submitted to a vote of our shareholders or with respect to actions that may be taken by written consent.
Preferred Stock, Shares Issued1,000
Subsequent Event [Member] | Fourth Wave Energy, Inc. | Restricted Shares [Member]
Shares Purchased during Business Acquisition6,200,000
Consulting Fees $ 385,000
Subsequent Event [Member] | Promissory Note from Unrelated Third Party
Original Note Amount $ 20,000
Note, Inception DateJan. 15,
2020
Note, Maturity DateJan. 15,
2021
Note, Variable Interest Rate8.00%
Subsequent Event [Member] | Promissory Note from Unrelated Third Party
Original Note Amount $ 120,000
Note, Inception DateJan. 23,
2020
Note, Maturity DateJan. 22,
2021
Note, Variable Interest Rate10.00%
Note Discount $ 10,500