Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | May 01, 2023 | Jun. 30, 2022 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-55896 | ||
Entity Registrant Name | PINEAPPLE, INC. | ||
Entity Central Index Key | 0001654672 | ||
Entity Tax Identification Number | 47-5185484 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 10351 Santa Monica Blvd. | ||
Entity Address, Address Line Two | Suite 420 | ||
Entity Address, City or Town | Los Angeles | ||
Entity Address, State or Province | CA | ||
Entity Address, Postal Zip Code | 90025 | ||
City Area Code | 877 | ||
Local Phone Number | 310-7675 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
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 | $ 298,211 | ||
Entity Common Stock, Shares Outstanding | 71,763,569 | ||
Documents Incorporated by Reference [Text Block] | None. | ||
ICFR Auditor Attestation Flag | false | ||
Auditor Firm ID | 5041 | ||
Auditor Name | BF Borgers CPA PC | ||
Auditor Location | Lakewood, CO |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Current Assets: | ||
Cash | ||
Deposit on stock purchase agreement – related party | 100,000 | |
Total Current Assets | 100,000 | |
Property and equipment, net of depreciation | 2,358 | 8,524 |
Equity-method investment | 9,288,298 | |
Total Assets | 2,358 | 9,396,822 |
Current Liabilities: | ||
Accounts payable and accrued liabilities | 398,489 | 715,546 |
Accounts payable - related party | 31,500 | 16,500 |
Accrued interest payable | 6,771 | 6,771 |
Settlement payable - related party | 615,000 | 615,000 |
Due to affiliates | 529,948 | |
Notes payable-related party | 30,851 | 886,918 |
Notes payable | 19,838 | 19,838 |
Advances on agreements | 169,000 | 169,000 |
Contingent liabilities | 105,523 | 105,523 |
Total Current Liabilities | 1,376,972 | 3,065,044 |
Total Liabilities | 1,376,972 | 3,065,044 |
Commitments and contingencies (note 12) | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock value | ||
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 71,163,569 shares and 91,163,569 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively | 7 | 9 |
Subscription received – shares to be issued | 150,000 | |
Additional paid-in-capital | 22,004,079 | 22,004,077 |
Accumulated deficit | (23,528,700) | (15,672,308) |
Total Stockholders’ Equity(Deficit) | (1,374,614) | 6,331,778 |
Total Liabilities and Stockholders’ Equity (Deficit) | 2,358 | 9,396,822 |
Series A Convertible Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock value |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2022 | Dec. 31, 2021 |
Preferred stock, par value | $ 0.00 | $ 0.00 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.00 | $ 0.00 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 71,163,569 | 91,163,569 |
Common stock, shares outstanding | 71,163,569 | 91,163,569 |
Series A Convertible Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.00 | $ 0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income Statement [Abstract] | ||
Revenue | ||
Operating Expenses | ||
General and administrative | 23,421 | 20,587 |
Professional fees | 210,828 | 392,406 |
Professional fees - related parties | 340,000 | |
Management consulting fees - related parties | 233,000 | 217,000 |
Depreciation | 6,165 | 6,393 |
Total Operating Expenses | 473,414 | 976,386 |
Operating loss | (473,414) | (976,386) |
Other Income (Expense) | ||
Income (loss) from equity-method investment | 1,499,355 | (200,318) |
Gain on forgiveness of related party note payable | 30,000 | |
Gain on sale of subsidiary - related party | 386,287 | |
Gain on settlement of debt | 77,360 | |
Other expense | (5,475) | |
Loss on impairment of equity-method investment | (10,787,652) | |
Gain on forgiveness of debt to related party | 12,000 | |
Gain on extinguishment of debt– related parties | 1,477,032 | |
Total Other Expense | (7,382,978) | (128,433) |
Loss from operations before taxes | (7,856,392) | (1,104,819) |
Provision for income taxes | ||
Net Loss | $ (7,856,392) | $ (1,104,819) |
Net Loss Per Share – Basic and Diluted | $ (0.09) | $ (0.01) |
Weighted Average Common Shares – Basic and Diluted | 91,108,774 | 89,138,014 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Stock Payable [Member] | Total |
Beginning balance, value at Dec. 31, 2020 | $ 8 | $ 21,297,078 | $ (14,567,489) | $ 6,729,597 | |
Beginning balance, shares at Dec. 31, 2020 | 88,461,200 | ||||
Common stock issued for services | 340,000 | 340,000 | |||
Common stock issued for service, shares | 1,570,000 | ||||
Common stock issued for cash | $ 1 | 283,999 | 284,000 | ||
Common stock issued for cash, shares | 2,630,000 | ||||
Cancellation of common stock pursuant to arbitration agreement | |||||
Cancellation of common stock pursuant to arbitration agreement, shares | (1,829,631) | ||||
Common stock issued against earned compensation | 33,000 | 33,000 | |||
Common stock issued against earned compensation, shares | 132,000 | ||||
Common stock issued against related party debt | 50,000 | 50,000 | |||
Common stock issued against related party debt, shares | 200,000 | ||||
Net loss | (1,104,819) | (1,104,819) | |||
Ending balance, value at Dec. 31, 2021 | $ 9 | 22,004,077 | (15,672,308) | 6,331,778 | |
Ending balance, shares at Dec. 31, 2021 | 91,163,569 | ||||
Net loss | (7,856,392) | (7,856,392) | |||
Common stock subscription received | 150,000 | 150,000 | |||
Cancellation of common stock pursuant to equity investment sale agreement | $ (2) | 2 | |||
Cancellation of common stock pursuant to equity investment sale agreement, shares | (20,000,000) | ||||
Ending balance, value at Dec. 31, 2022 | $ 7 | $ 22,004,079 | $ (23,528,700) | $ 150,000 | $ (1,374,614) |
Ending balance, shares at Dec. 31, 2022 | 71,163,569 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash Flows from Operating Activities | ||
Net loss | $ (7,856,392) | $ (1,104,819) |
Adjustments to reconcile net (loss) to net cash used in operating activities: | ||
Depreciation | 6,165 | 6,393 |
Gain on debt forgiveness | (12,000) | |
Gain on debt settlement | (77,360) | |
Gain on debt extinguishment | (1,477,032) | |
Stock-based compensation | 340,000 | |
Loss (income) from equity-method investment | (1,499,355) | 200,318 |
Gain on forgiveness of related party note payable | (30,000) | |
Loss on impairment of equity-method investment | 10,787,652 | |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued liabilities | (255,053) | 120,977 |
Accounts payable related party | 15,000 | 16,500 |
Contingent liabilities | 5,475 | |
Due from affiliates | 5,282 | |
Due to affiliates | 108,468 | 439,391 |
Net cash used in operating activities | (207,265) | (53,125) |
Cash Flows from Financing Activities | ||
Proceeds for issuance from common stock | 284,000 | |
Proceeds from stock subscriptions | 150,000 | |
Proceeds from related party notes payable | 119,285 | 58,075 |
Repayments of related party notes payable | (62,020) | (288,950) |
Net cash provided by financing activities | 207,265 | 53,125 |
Net Change in Cash | ||
Cash, Beginning of Year | ||
Cash, End of Year | ||
Supplemental Disclosures of Cash Flow Information | ||
Cash paid for interest | ||
Cash paid for taxes | ||
Supplemental Disclosures of Non-Cash Financing Activities | ||
Liabilities settled by affiliate | 156,775 | |
Gain on forgiveness of related party note payable | 30,000 | |
Gain on sale of subsidiary | 386,287 | |
Termination of stock purchase agreement | 100,000 | |
Cancellation of common stock pursuant to equity investment sale agreement | 2 | |
Deposit on stock purchase agreement | 100,000 | |
Common stock issued to settle payable | 33,000 | |
Related party debt issued for relief of accounts payable | 218,734 | |
Common stock issued as settlement of related party debt | $ 50,000 |
Organization and Description of
Organization and Description of Business | 12 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | Note 1 – Organization and Description of Business Pineapple, Inc. (“Pineapple” or the “Company”) was originally formed in the State of Nevada August 3, 1983 On March 19, 2019, the Company entered into a Share Exchange Agreement (the “PVI Agreement”) with Pineapple Ventures, Inc. (“PVI”), the Company’s equity-method investment, and the stockholders of PVI (the “PVI Stockholders”) in which the Company acquired a total of 50 2,000,000 0.0000001 10 2,000,000 20,000,000 On January 17, 2020, the Company entered into an agreement with Jaime Ortega whereby in exchange for Mr. Ortega cancelling $ 1,062,000 10,000 10,000 4,827 45,173 45.17 10,787,652 On March 10, 2023, the Company entered into an Amended Binding Letter of Intent effective as of December 31, 2022 with Mr. Ortega where the Company agreed to sell 45.17 20,000,000 0.0000001 On September 28 th 100 10,000 100 consolidated financial statements, which resulted in a decrease in the consolidated balance of accounts payable of $ 376,287 and a decrease in related party notes payable of $ 10,000 386,287 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements as of December 31, 2022 have been prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Basis of Consolidation The consolidated financial statements include the accounts of Pineapple, Inc. and its wholly owned subsidiaries, THC Industries, LLC and Pineapple Express Consulting, Inc., doing business as Pineapple Express. Intercompany accounts and transactions have been eliminated. The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Express Consulting, Inc California 3/16/2017 100 % Use of Estimates in Financial Reporting 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the recoverability and useful lives of long-lived assets, assessment of legal accruals, the fair value of the Company’s stock, stock-based compensation and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates. Fair Value of Financial Instruments The Company follows the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) for disclosures about fair value of its financial instruments and to measure the fair value of its financial instruments. The FASB ASC establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy are described below: Level 1- Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2- Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3- Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, accounts payable and accrued liabilities, and other current liabilities, approximate their fair values because of the short maturity of these instruments. The fair value of notes payable approximates their fair values since the current interest rates and terms on these obligations are the same as prevailing market rates. Cash and cash equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents are held in operating accounts at a major financial institution. Cash balances may exceed federally insured limits. Management believes the financial risk associated with these balances is minimal and has not experienced any losses to date. As of December 31, 2022 and 2021, the Company had no Property and Equipment Property and equipment consist of furniture and fixtures and office equipment. They are recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives Property and Equipment Office equipment 5 Furniture and fixtures 7 Investment – Equity Method The Company accounts for its equity method investment (“PVI”) at cost, adjusted for the Company’s share of the investee’s earnings or losses, which are reflected in the consolidated statements of operations. The Company periodically reviews the investment for other than temporary declines in fair value below cost and more frequently when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. As of December 31, 2022, management has identified indicators of other-than-temporary impairment that have led to the conclusion that the carrying value of its equity method investment is not recoverable. As a result, the Company has recorded an impairment write-down in the consolidated statements of operations for the year ended December 31, 2022. Refer to Note 6 for disclosures relating to impairment of the Company’s equity method investment. Net Income (Loss) Per Share Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted income (loss) per share reflects the potential dilution, using the treasury stock method, that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the Company. In computing diluted income (loss) per share, the treasury stock method assumes that outstanding options and warrants are exercised, and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. At December 31, 2022 and 2021, the Company had no no Income Taxes The asset and liability method is used in the Company’s accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. Deferred tax assets and liabilities are determined based on the temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities using the enacted tax rates in effect in the years in which the differences are expected to reverse. In estimating future tax consequences, all expected future events are considered other than enactment of changes in the tax law or rates. The Company adopted ASC 740 “Income Taxes,” The determination of recording or releasing tax valuation allowance is made, in part, pursuant to an assessment performed by management regarding the likelihood that the Company will generate future taxable income against which benefits of its deferred tax assets may or may not be realized. Stock-based Compensation The value of restricted stock awards is determined using the fair value of the Company’s common stock on the date of grant. The Company accounts for forfeitures as they occur. Recently Adopted and Pending Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, ASC Subtopic “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. These amendments clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments in this update are effective for public business entities for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company is currently assessing the impact of the adoption of this standard on its consolidated financial statements. The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its financial statements. |
Going Concern
Going Concern | 12 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | Note 3 – Going Concern The Company’s consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in its consolidated financial statements, the Company has an accumulated deficit of $ 23,528,700 7,856,392 $10,787,652 and utilized net cash of $ 207,265 The Company has incurred net losses in all prior years including year end 2022. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date that the consolidated financial statements are issued. The Company’s consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s primary source of operating funds since inception has been cash proceeds from the private placements of its common stock and from issuance of its short-term on demand loans, primarily from related parties. The Company intends to raise additional capital in the short term through addition of demand loans and, once the up listing to a higher exchange is completed, through private placements to sell restricted shares of common stock to investors. There can be no assurance that these funds will be available on terms acceptable to the Company, or at all, or will be sufficient to enable the Company to fully complete its development activities or sustain operations. During the year ended December 31, 2022, the Company raised approximately $ 150,000 If the Company is unable to raise sufficient additional funds, it will have to develop and implement a plan to further extend payables, reduce overhead, scale back its current business plan and/or curtail operations until sufficient additional capital is raised to support further operations. The Company’s ability to continue as a going concern is dependent on its ability to execute its strategy and on its ability to raise additional funds. Management is currently seeking additional funds, primarily through the issuance of equity and/or debt securities for cash to operate the Company’s business. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to it. Even if the Company is able to obtain additional financing, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity and/or convertible debt financing. |
Deposit on Stock Purchase Agree
Deposit on Stock Purchase Agreement – Related Party | 12 Months Ended |
Dec. 31, 2022 | |
Deposit on Stock Purchase Agreement – Related Party | Note 4 – Deposit on Stock Purchase Agreement – Related Party On August 7, 2021, the Company entered into a Stock Purchase Agreement (the “CGI Agreement”) with Capital Growth Investments, Inc., a California corporation (“CGI”) and PVI, the Company’s equity-method investee. Pursuant to the Agreement, the Company can acquire up to 50,000 50 1,000,000 195,000 100,000 Within 60 days of execution of the Agreement, the remaining balance of $ 805,000 50 805,000 195,000 805,000 In June 2022, both parties agreed to extend the closing date to August 5, 2022. On August 8, 2022, both PVI and CGI mutually agreed to terminate the Stock Purchase Agreement. No shares of CGI had been issued to date, as only $195,000 of the full $ 1,000,000 100,000 95,000 As of December 31, 2022 and 2021, the deposit on stock purchase agreement – related party was $ 0 100,000 |
Property and Equipment
Property and Equipment | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | Note 5 – Property and Equipment Property and equipment as of December 31, 2022 and 2021 is summarized as follows: Schedule of Property and Equipment December 31, 2022 December 31, 2021 Furniture and fixtures $ 43,152 $ 43,152 Office equipment 12,321 12,321 Total property and equipment 55,473 55,473 Less: Accumulated depreciation (53,115 ) (46,949 ) Total property and equipment, net $ 2,358 $ 8,524 Depreciation expense for the years ended December 31, 2022 and 2021 was $ 6,165 6,393 |
Equity Method Investment
Equity Method Investment | 12 Months Ended |
Dec. 31, 2022 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investment | Note 6 – Equity Method Investment In March 2019, the Company acquired a 50 2,000,000 20,000,000 On January 17, 2020, the Company entered into an agreement with Jaime Ortega whereby in exchange for Mr. Ortega cancelling $ 1,062,000 10,000 10,000 4,827 45,173 45.17 The investment was recorded at cost, which was determined to be $ 11,000,000 0.55 10,000,000 In November 2021, PNPL Holdings Inc., was created for the sole purpose of holding direct equity in the Los Angeles cannabis businesses. The City of Los Angeles passed a provision stating that management companies cannot directly hold equity in the operations they manage. As such, PNPL Holdings, Inc. was set up as an affiliate of PVI that is not owned by PVI for PVI’s equity in the operations of dispensaries in the following California locations: Hollywood and Vine, West Los Angeles, South Los Angeles, Northeast Los Angeles, and San Pedro. CGI and UHC remain unaffected since these dispensaries are not in the City of Los Angeles. Previously, PVI has invested in established cannabis businesses, funded cannabis start-up businesses, managed the aforementioned businesses for a management fee, and in some instances subleased property to these businesses for a profit. However, as of September 1, 2022, PVI shifted its primary focus to being a “non-plant touching” entity through development of cannabis assets and resale of the same for a profit in partnership with its affiliate entities, hemp CBD retail management services for a fee, and leasing and subleasing cannabis retail properties for a profit. PVI no longer operates or partially owns cannabis assets and acts only as a consultant for the purpose of facilitating development of those assets through PNPL Holdings, Inc. PNPL Holdings, Inc. is wholly-owned by Matthew Feinstein and, as such, is a related party to Pineapple, Inc. PVI no longer receives a 10% management fee for these cannabis entities and is now completely a non-plant touching ancillary service provider to the cannabis industry. As of September 30, 2022, PVI carries no ownership of any cannabis assets. However, PVI did own the following cannabis assets as of September 30, 2022 (these portions of ownership were transferred to PNPL Holdings, Inc.): ● Capital Growth Investments, Inc. (“CGI”): 20 ● Universal Herbal Center, Inc (“UHC”): 20 ● PNPLXPRESS, Inc. (“PXI”): 10 ● PNPLXPRESS II, Inc (“Northeast LA Dispensary”): 49 During September 2022, the ownership percentages previously owned by PVI were transferred to PNPL Holdings, Inc. During the nine months ended September 30, 2022, three of the above cannabis assets (CGI, UHC and PXI) generated revenue while PVI held ownership. As noted above, as of September 30, 2022, PVI no longer has any ownership in these entities. The following represents summarized financial information of PVI as of and for the nine months ended September 30, 2022, and 2021, respectively: Summary of Financial Information of Subsidiaries Income statement 2022 2021 Revenue $ 489,145 $ 111,552 Cost of goods sold (756 ) - Gross margin 488,389 111,552 Operating expenses (2,134,478 ) (1,862,676 ) Gain on dispensary equity sale 4,965,510 - Net income (loss) $ 3,319,421 $ (1,751,124 ) Balance sheet Current assets $ 1,437,504 $ 661,236 Non-current assets $ 2,205,536 $ 180,134 Current liabilities $ (1,046,924 ) $ (614,030 ) Non-Current liabilities $ (754,440 ) $ (2,929,520 ) The Company has recorded an income from equity investment of $ 1,499,355 Management reviews its equity investment for impairment if and when circumstances indicate that a decline in fair value below its carrying amount may have occurred. PNPL determined that a triggering event occurred in September 2022 with respect to its equity method investment in PVI, due to the change in business strategy as of September 1, 2022 and the general adverse developments in the California cannabis industry, both of which have negatively impacted the investment’s strategic direction. After completing its impairment assessment, management determined that the carrying amount exceeded its estimated fair value and the impairment condition was considered other than temporary. The assumptions that most significantly affected the fair value determination included projected cash flows and the discount rate. The Company-specific inputs for measuring fair value are considered “Level 3” or unobservable inputs that are not corroborated by market data under applicable fair value authoritative guidance, as quoted market prices are not available. As such, PNPL has recorded an impairment charge of $ 10,787,652 On March 10, 2023, the Company entered into an Amended Binding Letter of Intent effective as of December 31, 2022 with Mr. Ortega where the Company agreed to sell 45.17 20,000,000 0.0000001 1,477,032 As of December 31, 2022, the Company did not hold any equity investments. |
Notes Payable, Related Party
Notes Payable, Related Party | 12 Months Ended |
Dec. 31, 2022 | |
Notes Payable Related Party | |
Notes Payable, Related Party | Note 7 – Notes Payable, Related Party Notes payable-related party, are comprised of the following as of December 31, 2022 and 2021: Schedule of Notes Payable Related Party Transactions Noteholder Due Interest Rate Secured December 31, 2022 December 31, 2021 Eric Kennedy Demand 0 % No - 30,000 Rob Novinger Demand 0 % No 30,851 30,851 Neu-Ventures, Inc. Demand 0 % No - 826,067 Total $ 30,851 $ 886,918 Eric Kennedy (former director) In May 2019, the Company agreed to a settlement with Eric Kennedy, a Company’s director, related to deferred cash compensation that had been accrued for in the Company’s accounts payable and accrued liabilities to reduce the amount to $ 35,000 36,000 35,000 The note does not incur interest and was originally to be repaid through an initial $ 10,000 5,000 5,000 30,000 During the year ended December 31, 2022, Eric Kennedy forgave the amount due from the Company, as he was not awaiting repayment for any funding he had provided to the Company during previous years. This settlement has been recorded as a gain on forgiveness of related party note payable in the Consolidated Statements of Operations. The balance of the former related party notes payable is zero Rob Novinger (shareholder) Rob Novinger is a shareholder and creditor to the Company. There was no 30,851 Neu-Ventures, Inc. (The owner is the largest shareholder of the Company) Beginning in April 2019, the Company also began receiving advances from Neu-Ventures, Inc., another entity owned by our majority shareholder, Mr. Ortega. These advances are due on demand and do not incur interest. Advances from Neu-Ventures in the three and nine months ended September 30, 2022, totaled $ 1,700 5,885 0 52,000 27,387 62,935 In pursuant to the agreement for the disposal of 45.17 |
Note Payable
Note Payable | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Note Payable | Note 8 – Note Payable The Company, through our former subsidiary, BBC, entered into a $ 25,000 26,609 19,838 6,771 ended December 31, 2022 and 2021. |
Settlement Payable-Related Part
Settlement Payable-Related Party | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Settlement Payable-Related Party | Note 9 – Settlement Payable-Related Party At December 31, 2022 and 2021, the settlement payable related party balance consists of the following: Schedule of Settlement Payable Related Party Noteholder December 31, 2022 December 31, 2021 Investor Three 615,000 615,000 Settlement payable $ 615,000 $ 615,000 Investor Three In December 2015, the Company entered into a Revenue Share Agreement for $ 750,000 825,000 75,000 200,000 97,800 615,000 |
Advances on Agreements
Advances on Agreements | 12 Months Ended |
Dec. 31, 2022 | |
Advances On Agreements | |
Advances on Agreements | Note 10 – Advances on Agreements At December 31, 2022 and 2021, advances on agreements balance consist of the following: Schedule of Advance on Agreement Noteholder December 31, 2022 December 31, 2021 Investor One and Investor Two 169,000 169,000 Advances on Agreements $ 169,000 $ 169,000 Investor One On February 16, 2016, the Company entered into a Binding Letter of Intent (“BLOI1”) with Investor One that the Company deemed a financing agreement for the purchase of a certain property (APN: 665-030-044), and upon completion of development of the acquired property, subsequently a revenue share agreement that was for the following considerations: (i) payment by Investor One of $ 125,000 187,500 3,750 During March 2016, the $ 125,000 40,768 Investor Two On March 18, 2016, the Company entered into a Binding Letter of Intent (“BLOI2”), subsequently amended by a Real Property Purchase and Sale Agreement and Joint Escrow Instructions (“Subsequent Land Purchase Agreement”) dated March 21, 2016, both of which the Company deemed a financing agreement for the purchase of a certain property (APN: 665-030-043) for the following considerations: (i) payment by Investor Two of $ 350,000 515,000 165,768 500,000 On March 22, 2016, Investor Two deposited $ 350,000 165,768 Investment Accounting Treatments for Investors One and Two The escrow agreement closed and Investor Two took title to property. There is no provision in BLOI2, or in the Subsequent Land Purchase Agreement, that would impose any continuing liability on the Company other than the loss of the Company’s escrow deposit. As no terms and conditions were established to characterize the $ 125,000 62,500 187,500 3,750 In February 2019, the Company entered into a settlement agreement with Investor One which required the issuance of 20,000 200,000 10,000 4,125 187,500 191,625 8,375 10,000 1,000 20,000 11,000 10,000 no |
Stockholders_ Equity
Stockholders’ Equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity [Abstract] | |
Stockholders’ Equity | Note 11 – Stockholders’ Equity The Company is authorized to issue 525,000,000 0.0000001 5,000,000 20,000,000 500,000,000 no 71,163,569 shares of common stock issued and outstanding, respectively. During the year ended December 31, 2022, the Company cancelled 20,000,000 0.000001 During the year ended December 31, 2021, the Company sold 2,630,000 284,000 During the year ended December 31, 2021, the Company issued 1,570,000 340,000 During the year ended December 31, 2021, the Company issued 132,000 33,000 During the year ended December 31, 2021, the Company cancelled 1,829,631 During the year ended December 31, 2021, the Company issued 200,000 50,000 As of December 31, 2022 and 2021, the issued and outstanding common stock was 71,163,569 91,163,569 Subscription received - shares to be issued During the year ended December 31, 2022, the Company received stock subscriptions totaling $ 150,000 400,000 0.25 100,000 0.50 150,000 |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 12 – Commitments and Contingencies From time to time, the Company is party to certain legal proceedings that arise in the ordinary course and are incidental to our business. Future events or circumstances, currently unknown to management, will determine whether the resolution of pending or threatened litigation or claims will ultimately have a material effect on our consolidated financial position, liquidity, or results of operations in any future reporting periods. The following is a list of current litigation: Pineapple Express v. Ramsey Salem JAMS Arbitration Reference Number: 1220063897 was filed December 4, 2019. This matter arises from claims of breach of contract, more specifically the confidentiality provisions of certain Agreement and Plan of Merger and Reorganization dated February 12, 2016, entered into between the parties and arising from the disclosure of the interim arbitration award in the matter entitled and above-referenced as: Salem, et al. v. Pineapple Express, Inc., et al. JAMS Arbitration Reference Number: 1210035565, filed July 13, 2018, by Respondent. On April 8, 2021, the parties entered into a settlement agreement and mutual general release, under which the Company withdrew the second arbitration. Hawkeye v. Pineapple Express, Inc., et al. Los Angeles Superior Court Case Number: BC708868 was filed June 6, 2018. Plaintiff claimed damages against Defendant in the excess of $ 900,000 615,000 Sharper, Inc. v. Pineapple Express, Inc., et al. Los Angeles Superior Court Case Number: 18SMCV00149 was filed November 1, 2018. Complaint for money with an amount in controversy of $ 32,500 15,375 18,692 18,692 Cunningham v. Pineapple Express, Inc. Los Angeles Superior Court Case Number: BS171779: Judgment, ordered by the Department of Industrial Relations, Labor Commissioner’s Office was entered by the Court on December 11, 2017. The amount of judgment entered was $ 47,684 Pineapple Express, Inc. v. Cunningham Los Angeles Superior Court Case Number: SC 127731 was filed June 21, 2017. This action arose from certain complaint and cross-complaint which were both dismissed. Defendant Cunningham pursued a cost judgment against Plaintiff and obtained a judgment in the amount of $ 2,367 StoryCorp Consulting, dba Wells Compliance Group v. Pineapple Express, Inc. JAMS Arbitration Reference Number: 1210037058 , 15,000 23,805 29,280 29,280 Russ Schamun v. Pineapple Express Consulting, Inc. This is a small claims matter for $ 7,500 7,500 SRFF v. Pineapple Express, Inc. This matter resulted in a stipulated judgment whereas former SEC counsel claimed approximately $ 60,000 Novinger v. Pineapple Express, Inc. Los Angeles Superior Court Case Number: 20CHLC10510 was filed in or about March 11, 2020. This is a limited jurisdiction action arising from a claim for monies lent to Pineapple Express, Inc. without specificity as to the judgment debtor’s state of incorporation, for the total of $ 30,851 |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 13 – Income Taxes The Company utilizes FASB ASC 740, “Income Taxes,” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the tax basis of assets and liabilities and their financial reporting amounts based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized. The Company generated a deferred tax asset through net operating loss carryforwards. Based upon Management’s evaluation, a valuation allowance of 100 Deferred income taxes arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes arising from temporary differences that are related to an asset or liability are classified as current or noncurrent depending on the periods in which the temporary differences are expected to reverse. The Company does not have any uncertain tax positions as of December 31, 2022, and 2021. No federal tax provision has been provided for the years ended December 31, 2022 and 20201 due to the losses incurred during such periods. Reconciled below is the difference between the income tax rate computed by applying the U.S. federal statutory rate and the effective tax rate for the years ended December 31, 2022 and 2021. The reconciliation of the federal statutory rate to the effective tax rate is as follows as of December 31, 2022 and 2021: Schedule of Effective Income Tax 2022 2021 U.S federal statutory tax rate 21 % 21 % State tax, net of deferral tax benefit 7 % 7 % Related party interest 0 % 0 % Change in valuation allowance (28 ) % (28 ) % Other 0 % 0 % Total deferred tax assets 0 % 0 % The principal components of deferred tax assets and liabilities are as follows as of December 31, 2022 and 2021: Schedule of Deferred Tax Assets 2022 2021 Net operating loss carryforwards $ 2,001,247 $ 1,868,691 Stock-based compensation 800,552 800,552 Accruals and reserves 1,494,837 1,494,837 Other 17,867 17,867 Fixed assets 2,185 2,185 Total deferred tax assets 4,316,688 4,184,132 Valuation allowance (4,316,688 ) (4,184,132 ) Net deferred tax assets $ - $ - At December 31, 2022, the Company has available net operating loss carryforwards for federal and state income tax purposes of approximately $ 7,500,000 6,300,000 expire beginning in 2036 For U.S. purposes, the Company has not completed its evaluation of NOL utilization limitations under Internal Revenue Code (“IRC”), Section 382, change of ownership rules. If the Company has had a change in ownership, the NOL’s would be limited as to the amount that could be utilized each year, based on the Code. For U.S. purposes, the Company has not completed its evaluation of IRC Section 280E, Expenditures in connection with the illegal sale of drugs. No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the Controlled Substances Act) which are prohibited by Federal law or the law of any State in which such trade or business is conducted. If IRC 280E applies to the Company, such expenditures would not be deductible or limited. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 14 – Subsequent Events The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K and has determined that there have been no events that have occurred that would require adjustments to the disclosures in the condensed consolidated financial statements, other than those described below and the binding letter of intent detailed in Note 2. On September 28, 2022, the Company signed a letter of intent with Mathew Feinstein, a related party and 8 www.PineappleWellness.com 100 2,500,000 On February 16, 2023, the Company issued 600,000 150,000 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying consolidated financial statements as of December 31, 2022 have been prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America (“GAAP”). |
Basis of Consolidation | Basis of Consolidation The consolidated financial statements include the accounts of Pineapple, Inc. and its wholly owned subsidiaries, THC Industries, LLC and Pineapple Express Consulting, Inc., doing business as Pineapple Express. Intercompany accounts and transactions have been eliminated. The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Express Consulting, Inc California 3/16/2017 100 % |
Use of Estimates in Financial Reporting | Use of Estimates in Financial Reporting 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the recoverability and useful lives of long-lived assets, assessment of legal accruals, the fair value of the Company’s stock, stock-based compensation and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) for disclosures about fair value of its financial instruments and to measure the fair value of its financial instruments. The FASB ASC establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy are described below: Level 1- Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2- Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3- Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, accounts payable and accrued liabilities, and other current liabilities, approximate their fair values because of the short maturity of these instruments. The fair value of notes payable approximates their fair values since the current interest rates and terms on these obligations are the same as prevailing market rates. |
Cash and cash equivalents | Cash and cash equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents are held in operating accounts at a major financial institution. Cash balances may exceed federally insured limits. Management believes the financial risk associated with these balances is minimal and has not experienced any losses to date. As of December 31, 2022 and 2021, the Company had no |
Property and Equipment | Property and Equipment Property and equipment consist of furniture and fixtures and office equipment. They are recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives Property and Equipment Office equipment 5 Furniture and fixtures 7 |
Investment – Equity Method | Investment – Equity Method The Company accounts for its equity method investment (“PVI”) at cost, adjusted for the Company’s share of the investee’s earnings or losses, which are reflected in the consolidated statements of operations. The Company periodically reviews the investment for other than temporary declines in fair value below cost and more frequently when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. As of December 31, 2022, management has identified indicators of other-than-temporary impairment that have led to the conclusion that the carrying value of its equity method investment is not recoverable. As a result, the Company has recorded an impairment write-down in the consolidated statements of operations for the year ended December 31, 2022. Refer to Note 6 for disclosures relating to impairment of the Company’s equity method investment. |
Net Income (Loss) Per Share | Net Income (Loss) Per Share Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted income (loss) per share reflects the potential dilution, using the treasury stock method, that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the Company. In computing diluted income (loss) per share, the treasury stock method assumes that outstanding options and warrants are exercised, and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. At December 31, 2022 and 2021, the Company had no no |
Income Taxes | Income Taxes The asset and liability method is used in the Company’s accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. Deferred tax assets and liabilities are determined based on the temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities using the enacted tax rates in effect in the years in which the differences are expected to reverse. In estimating future tax consequences, all expected future events are considered other than enactment of changes in the tax law or rates. The Company adopted ASC 740 “Income Taxes,” The determination of recording or releasing tax valuation allowance is made, in part, pursuant to an assessment performed by management regarding the likelihood that the Company will generate future taxable income against which benefits of its deferred tax assets may or may not be realized. |
Stock-based Compensation | Stock-based Compensation The value of restricted stock awards is determined using the fair value of the Company’s common stock on the date of grant. The Company accounts for forfeitures as they occur. |
Recently Adopted and Pending Accounting Pronouncements | Recently Adopted and Pending Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, ASC Subtopic “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. These amendments clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments in this update are effective for public business entities for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company is currently assessing the impact of the adoption of this standard on its consolidated financial statements. The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its financial statements. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Schedule of Consolidated Subsidiaries and/or Entities | The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015 (formed) 100 % Pineapple Express Consulting, Inc California 3/16/2017 100 % |
Schedule of Estimated Useful Lives Property and Equipment | The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives Property and Equipment Office equipment 5 Furniture and fixtures 7 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Property and equipment as of December 31, 2022 and 2021 is summarized as follows: Schedule of Property and Equipment December 31, 2022 December 31, 2021 Furniture and fixtures $ 43,152 $ 43,152 Office equipment 12,321 12,321 Total property and equipment 55,473 55,473 Less: Accumulated depreciation (53,115 ) (46,949 ) Total property and equipment, net $ 2,358 $ 8,524 |
Equity Method Investment (Table
Equity Method Investment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Summary of Financial Information of Subsidiaries | The following represents summarized financial information of PVI as of and for the nine months ended September 30, 2022, and 2021, respectively: Summary of Financial Information of Subsidiaries Income statement 2022 2021 Revenue $ 489,145 $ 111,552 Cost of goods sold (756 ) - Gross margin 488,389 111,552 Operating expenses (2,134,478 ) (1,862,676 ) Gain on dispensary equity sale 4,965,510 - Net income (loss) $ 3,319,421 $ (1,751,124 ) Balance sheet Current assets $ 1,437,504 $ 661,236 Non-current assets $ 2,205,536 $ 180,134 Current liabilities $ (1,046,924 ) $ (614,030 ) Non-Current liabilities $ (754,440 ) $ (2,929,520 ) |
Notes Payable, Related Party (T
Notes Payable, Related Party (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Payable Related Party | |
Schedule of Notes Payable Related Party Transactions | Notes payable-related party, are comprised of the following as of December 31, 2022 and 2021: Schedule of Notes Payable Related Party Transactions Noteholder Due Interest Rate Secured December 31, 2022 December 31, 2021 Eric Kennedy Demand 0 % No - 30,000 Rob Novinger Demand 0 % No 30,851 30,851 Neu-Ventures, Inc. Demand 0 % No - 826,067 Total $ 30,851 $ 886,918 |
Settlement Payable-Related Pa_2
Settlement Payable-Related Party (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Schedule of Settlement Payable Related Party | At December 31, 2022 and 2021, the settlement payable related party balance consists of the following: Schedule of Settlement Payable Related Party Noteholder December 31, 2022 December 31, 2021 Investor Three 615,000 615,000 Settlement payable $ 615,000 $ 615,000 |
Advances on Agreements (Tables)
Advances on Agreements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Advances On Agreements | |
Schedule of Advance on Agreement | At December 31, 2022 and 2021, advances on agreements balance consist of the following: Schedule of Advance on Agreement Noteholder December 31, 2022 December 31, 2021 Investor One and Investor Two 169,000 169,000 Advances on Agreements $ 169,000 $ 169,000 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax | The reconciliation of the federal statutory rate to the effective tax rate is as follows as of December 31, 2022 and 2021: Schedule of Effective Income Tax 2022 2021 U.S federal statutory tax rate 21 % 21 % State tax, net of deferral tax benefit 7 % 7 % Related party interest 0 % 0 % Change in valuation allowance (28 ) % (28 ) % Other 0 % 0 % Total deferred tax assets 0 % 0 % |
Schedule of Deferred Tax Assets | The principal components of deferred tax assets and liabilities are as follows as of December 31, 2022 and 2021: Schedule of Deferred Tax Assets 2022 2021 Net operating loss carryforwards $ 2,001,247 $ 1,868,691 Stock-based compensation 800,552 800,552 Accruals and reserves 1,494,837 1,494,837 Other 17,867 17,867 Fixed assets 2,185 2,185 Total deferred tax assets 4,316,688 4,184,132 Valuation allowance (4,316,688 ) (4,184,132 ) Net deferred tax assets $ - $ - |
Organization and Description _2
Organization and Description of Business (Details Narrative) - USD ($) | 12 Months Ended | ||||||||
Sep. 30, 2022 | Sep. 28, 2022 | Jan. 17, 2020 | Mar. 19, 2019 | Dec. 31, 2022 | Dec. 31, 2021 | Feb. 11, 2021 | Feb. 10, 2021 | Mar. 31, 2019 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Entity state of incorporation | NV | ||||||||
Entity date of incorporation | Aug. 03, 1983 | ||||||||
Preferred stock, par value | $ 0.00 | $ 0.00 | |||||||
Purchase of shares | 20,000,000 | ||||||||
Common stock, par value | $ 0.00 | $ 0.00 | |||||||
Exchange for forgiveness | $ 10,000 | ||||||||
Decrease in accounts payable | 376,287 | ||||||||
Decrease in notes payable | $ 10,000 | ||||||||
Gain on sale of subsidiary | $ 386,287 | ||||||||
Mr. Ortega [Member] | Pineapple Ventures, Inc. [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Equity method investment ownership, percentage | 45.17% | 45.17% | |||||||
Mr. Ortega [Member] | Neu-Ventures, Inc. [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Equity method investment ownership, percentage | 100% | ||||||||
Pineapple Ventures, Inc. [Member] | Mr. Ortega [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Capital stock shares issued | 10,000 | 4,827 | 10,000 | ||||||
Existing loan cancelled | $ 1,062,000 | ||||||||
Equity method investments shares owned | 45,173 | ||||||||
Equity method impairment | $ 10,787,652 | ||||||||
Neu-Ventures, Inc. [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Purchase of shares | 20,000,000 | ||||||||
Series A Convertible Preferred Stock [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Preferred stock, par value | $ 0.00 | $ 0.00 | |||||||
Share Exhange Agreement [Member] | Series A Convertible Preferred Stock [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Preferred stock, par value | $ 0.00 | ||||||||
Capital stock shares issued | 10 | ||||||||
Pineapple Ventures, Inc. [Member] | Share Exhange Agreement [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Acquired percentage | 50% | 50% | |||||||
Pineapple Ventures, Inc. [Member] | Share Exhange Agreement [Member] | Series A Convertible Preferred Stock [Member] | |||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||
Number of shares outstanding | 2,000,000 | ||||||||
Stock issued shares, conversion of convertible securities | 2,000,000 | ||||||||
Convertible preferred stock, shares issued upon conversion | 20,000,000 |
Schedule of Consolidated Subsid
Schedule of Consolidated Subsidiaries and/or Entities (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Entity incorporation state country name | NV |
THC Industries LLC [Member] | |
Name of subsidiary | THC Industries, LLC |
Entity incorporation state country name | CA |
Date of incorporation | 12/23/2015 (formed) 2/16/2016 (acquired by us) |
Minority interest ownership percentage | 100% |
Pineapple Express Consulting Inc [Member] | |
Name of subsidiary | Pineapple Express Consulting, Inc |
Entity incorporation state country name | CA |
Date of incorporation | 3/16/2017 |
Minority interest ownership percentage | 100% |
Schedule of Estimated Useful Li
Schedule of Estimated Useful Lives Property and Equipment (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Office Equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Property plant and equipment useful lives | 5 years |
Furniture and Fixtures [Member] | |
Property, Plant and Equipment [Line Items] | |
Property plant and equipment useful lives | 7 years |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Cash and cash equivalents | $ 0 | $ 0 |
Options or Warrants [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive securities option or warrants | 0 | 0 |
Convertible Debt Securities [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Shares issuable for conversion of notes payable | 0 | 0 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Accumulated deficit | $ 23,528,700 | $ 15,672,308 | |
Net loss | 7,856,392 | 1,104,819 | |
Impairment charge | $ 10,787,652 | 10,787,652 | |
Net cash in operating activities | 207,265 | $ 53,125 | |
Cash proceeds from sale of common stock | $ 150,000 |
Deposit on Stock Purchase Agr_2
Deposit on Stock Purchase Agreement – Related Party (Details Narrative) - USD ($) | 1 Months Ended | ||||
Aug. 07, 2021 | Jun. 30, 2022 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Deposits assets, current | $ 100,000 | ||||
Notes payable related party | 30,851 | 886,918 | |||
CGI Agreement [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Number of shares acquired | 50,000 | ||||
Percentage of shares exchanged | 50% | ||||
Aggregate purchase value | $ 1,000,000 | ||||
Deposits assets, current | $ 195,000 | 100,000 | |||
Shareholder Agreement [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Deposit assets | 805,000 | ||||
Cancelled amount | $ 805,000 | 805,000 | |||
Shareholder Agreement [Member] | Equity Method Investee [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Refundable deposits | $ 195,000 | ||||
Stock Purchase Agreement [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Related party transaction description | No shares of CGI had been issued to date, as only $195,000 of the full $1,000,000 purchase price had been paid and the terms of the agreement require the transaction to be fully funded before transferring shares. | ||||
Total purchase price consideration | $ 1,000,000 | ||||
Notes payable related party | 100,000 | $ 0 | $ 100,000 | ||
Due to related parties | $ 95,000 |
Schedule of Property and Equipm
Schedule of Property and Equipment (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | $ 55,473 | $ 55,473 |
Less: Accumulated depreciation | (53,115) | (46,949) |
Total property and equipment, net | 2,358 | 8,524 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | 43,152 | 43,152 |
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | $ 12,321 | $ 12,321 |
Property and Equipment (Details
Property and Equipment (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 6,165 | $ 6,393 |
Summary of Financial Informatio
Summary of Financial Information of Subsidiaries (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Restructuring Cost and Reserve [Line Items] | ||
Revenue | ||
Operating expenses | (473,414) | (976,386) |
Net Loss | (7,856,392) | (1,104,819) |
Current assets | 100,000 | |
Current liabilities | (1,376,972) | (3,065,044) |
Pineapple Ventures, Inc. [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Revenue | 489,145 | 111,552 |
Cost of goods sold | (756) | |
Gross margin | 488,389 | 111,552 |
Operating expenses | (2,134,478) | (1,862,676) |
Gain on dispensary equity sale | 4,965,510 | |
Net Loss | 3,319,421 | (1,751,124) |
Current assets | 1,437,504 | 661,236 |
Non-current assets | 2,205,536 | 180,134 |
Current liabilities | (1,046,924) | (614,030) |
Non-Current liabilities | $ (754,440) | $ (2,929,520) |
Equity Method Investment (Detai
Equity Method Investment (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
Sep. 28, 2022 | Jan. 17, 2020 | Mar. 31, 2019 | Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Feb. 11, 2021 | Feb. 10, 2021 | Mar. 19, 2019 | |
Schedule of Equity Method Investments [Line Items] | ||||||||||
Investment cost | $ 11,000,000 | |||||||||
Investment option price | $ 0.55 | |||||||||
Common stock shares issued | 2,500,000 | |||||||||
Income from equity method investment | $ 1,499,355 | $ (200,318) | ||||||||
Impairment charge | $ 10,787,652 | $ 10,787,652 | ||||||||
Purchase price | 20,000,000 | |||||||||
Common stock par value | $ 0.00 | $ 0.00 | ||||||||
Gain on extinguishment | $ 1,477,032 | |||||||||
Common Stock [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Common stock shares issued | 2,630,000 | 10,000,000 | ||||||||
Capital Growth Investment, Inc [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Ownership interest | 20% | |||||||||
Universal Herbal Center Inc [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Ownership interest | 20% | |||||||||
PNPLXPRESS, Inc. [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Ownership interest | 10% | |||||||||
PNPLXPRESS II, Inc [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Ownership interest | 49% | |||||||||
Pineapple Ventures, Inc. [Member] | Mr. Ortega [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Existing loan cancelled | $ 1,062,000 | |||||||||
Capital stock shares issued | 10,000 | 4,827 | 10,000 | |||||||
Equity method investments shares owned | 45,173 | |||||||||
Pineapple Ventures, Inc. [Member] | Mr. Ortega [Member] | Ownership [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Ownership interest | 45.17% | |||||||||
Pineapple Ventures, Inc. [Member] | Mr. Ortega [Member] | Equity Interest [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Ownership interest | 45.17% | |||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc. [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Acquisition percentage | 50% | 50% | ||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc. [Member] | Series A Preferred Stock [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||
Convertible preferred stock shares converted upon issuance | 2,000,000 | |||||||||
Number of stock issued during the period converted | 20,000,000 |
Schedule of Notes Payable Relat
Schedule of Notes Payable Related Party Transactions (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Short-Term Debt [Line Items] | ||
Notes payable | $ 30,851 | $ 886,918 |
Eric Kennedy [Member] | ||
Short-Term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0% | 0% |
Secured | No | No |
Notes payable | $ 30,000 | |
Rob Novinger [Member] | ||
Short-Term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0% | 0% |
Secured | No | No |
Notes payable | $ 30,851 | $ 30,851 |
Neu-Ventures, Inc. [Member] | ||
Short-Term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0% | 0% |
Secured | No | No |
Notes payable | $ 826,067 |
Notes Payable, Related Party (D
Notes Payable, Related Party (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
May 31, 2019 | Sep. 30, 2022 | Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gain on settlement of related party debt | $ 1,477,032 | |||||
Notes payable-related party | 30,851 | 886,918 | ||||
Proceeds from related party debt | 119,285 | 58,075 | ||||
Payment for cash | $ 62,020 | 288,950 | ||||
Neu Ventures [Member] | ||||||
Ownership interest | 45.17% | |||||
Neu-Ventures, Inc. [Member] | ||||||
Proceeds from related party debt | $ 1,700 | $ 5,885 | ||||
Payment for cash | 0 | 52,000 | ||||
Corporate expenses | $ 27,387 | $ 62,935 | ||||
Rob Novinger [Member] | ||||||
Related party transaction, related activity | $ 0 | |||||
Notes payable-related party | 30,851 | $ 30,851 | ||||
Eric Kennedy [Member] | ||||||
Accounts payable and accrued liabilities | $ 35,000 | |||||
Related party notes payable | $ 0 | |||||
Repayments of debt | 10,000 | |||||
Debt instrument, periodic payment | 5,000 | $ 5,000 | ||||
Debt instrument face value | $ 30,000 | |||||
Eric Kennedy [Member] | Related Party [Member] | ||||||
Gain on settlement of related party debt | 36,000 | |||||
Related party notes payable | $ 35,000 |
Note Payable (Details Narrative
Note Payable (Details Narrative) - Line of Credit [Member] - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 | Jul. 02, 2016 |
Short-Term Debt [Line Items] | |||
Notes payable | $ 25,000 | ||
Line of credit | $ 26,609 | $ 26,609 | |
Principal amount | 19,838 | 19,838 | |
Accrued interest | $ 6,771 | $ 6,771 |
Schedule of Settlement Payable
Schedule of Settlement Payable Related Party (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Related Party Transaction [Line Items] | ||
Settlement payable | $ 615,000 | $ 615,000 |
Investor Three [Member] | ||
Related Party Transaction [Line Items] | ||
Settlement payable | $ 615,000 | $ 615,000 |
Settlement Payable-Related Pa_3
Settlement Payable-Related Party (Details Narrative) - USD ($) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2018 | Dec. 31, 2015 | |
Related Party Transaction [Line Items] | ||||
Advances on agreements net noncurrent | $ 169,000 | $ 169,000 | ||
Gain on extinguishment of debt– related parties | $ 1,477,032 | |||
Investor Three [Member] | ||||
Related Party Transaction [Line Items] | ||||
Advances on agreements net noncurrent | $ 750,000 | |||
Due to related party | 825,000 | |||
Deferred finance cost | $ 75,000 | |||
Note payable | $ 200,000 | |||
Investor Three [Member] | Minimum [Member] | ||||
Related Party Transaction [Line Items] | ||||
Gain on extinguishment of debt– related parties | 97,800 | |||
Investor Three [Member] | Maximum [Member] | ||||
Related Party Transaction [Line Items] | ||||
Gain on extinguishment of debt– related parties | $ 615,000 |
Schedule of Advance on Agreemen
Schedule of Advance on Agreement (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2018 |
Defined Benefit Plan Disclosure [Line Items] | |||
Advances on agreements | $ 169,000 | $ 169,000 | |
Investor One and Investor Two [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Advances on agreements | $ 169,000 | $ 169,000 | $ 187,500 |
Advances on Agreements (Details
Advances on Agreements (Details Narrative) - USD ($) | 12 Months Ended | |||||||||
Sep. 28, 2022 | Feb. 28, 2019 | Mar. 18, 2016 | Feb. 16, 2016 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2016 | Mar. 22, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Rent payment | $ 3,750 | |||||||||
Advances on agreements current | 169,000 | $ 169,000 | ||||||||
Number of shares issued, shares | 2,500,000 | |||||||||
Number of shares issued, value | 284,000 | |||||||||
Investor One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Advances on agreements current | 187,500 | |||||||||
Number of shares issued, value | $ 200,000 | |||||||||
Debt periodic payment | 10,000 | |||||||||
Interest expense | $ 4,125 | |||||||||
Investor One [Member] | Binding Letter of Intent One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Payments to acquire property | $ 125,000 | |||||||||
Repurchase financed property | 187,500 | |||||||||
Rent payment | $ 3,750 | |||||||||
Due from related parties | $ 125,000 | |||||||||
Escrow deposit | $ 40,768 | |||||||||
Number of shares issued, shares | 20,000 | |||||||||
Number of shares issued, value | $ 11,000 | |||||||||
Investor One [Member] | Binding Letter of Intent Two [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Advances on agreements current | 191,625 | |||||||||
Investor Two [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Escrow deposit | $ 350,000 | |||||||||
Investor Two [Member] | Binding Letter of Intent One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Deferred liability | 62,500 | |||||||||
Number of shares issued, value | 10,000 | |||||||||
Investor Two [Member] | Binding Letter of Intent Two [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Payments to acquire property | $ 350,000 | |||||||||
Repurchase financed property | 500,000 | |||||||||
Escrow deposit | 165,768 | |||||||||
Purchase price of property | $ 515,000 | |||||||||
Investor Two [Member] | Binding Letter of Intent [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Forfeited escrow deposits | $ 165,768 | |||||||||
Investor One and Investor Two [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Advances on agreements current | 169,000 | 169,000 | $ 187,500 | |||||||
Debt periodic payment | $ 10,000 | |||||||||
Additional expense | 8,375 | |||||||||
Reduced value | $ 1,000 | |||||||||
Advances on agreements | 0 | $ 0 | ||||||||
Investor One and Investor Two [Member] | Binding Letter of Intent One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Notes payable | $ 125,000 | |||||||||
Number of shares issued, shares | 20,000 |
Stockholders_ Equity (Details N
Stockholders’ Equity (Details Narrative) - USD ($) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | Mar. 31, 2022 | |
Class of Stock [Line Items] | ||||
Capital units, authorized | 525,000,000 | |||
Capital stock par value | $ 0.00 | |||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | ||
Common stock shares designated | 500,000,000 | 500,000,000 | ||
Preferred stock, shares issued | 0 | 0 | ||
Preferred stock, shares outstanding | 0 | 0 | ||
Common stock, shares issued | 71,163,569 | 91,163,569 | ||
Common stock, shares outstanding | 71,163,569 | 91,163,569 | ||
Common stock par value | $ 0.00 | $ 0.00 | ||
Number of shares sold | 2,630,000 | |||
Common stock to be issued for cash | $ 284,000 | |||
Number of shares issued for services, value | $ 340,000 | |||
Common stock pursuant | 1,829,631 | |||
Stock subscription received | $ 150,000 | $ 100,000 | $ 400,000 | |
Shares issued price per share | $ 0.50 | $ 0.25 | ||
Shares to be issued,value | $ 150,000 | |||
Neu Venture, Inc [Member] | ||||
Class of Stock [Line Items] | ||||
Number of shares issued for service | 200,000 | |||
Number of shares issued for services, value | $ 50,000 | |||
Directors Consultants and Officers [Member] | ||||
Class of Stock [Line Items] | ||||
Number of shares issued for service | 1,570,000 | |||
Number of shares issued for services, value | $ 340,000 | |||
Director [Member] | ||||
Class of Stock [Line Items] | ||||
Number of shares issued for service | 132,000 | |||
Number of shares issued for services, value | $ 33,000 | |||
Disposal Agreement [Member] | ||||
Class of Stock [Line Items] | ||||
Shares cancelled | 20,000,000 | |||
Common stock par value | $ 0.000001 | |||
Series A Convertible Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | ||
Preferred stock, shares issued | 0 | 0 | ||
Preferred stock, shares outstanding | 0 | 0 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | 12 Months Ended | ||||||
May 11, 2021 | Jan. 22, 2018 | Dec. 11, 2017 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Oct. 27, 2020 | |
Notes payable-related party | $ 30,851 | $ 886,918 | |||||
Hawkeye v. Pineapple Express, Inc [Member] | |||||||
Plaintiff claimed damages | 900,000 | ||||||
Claims from court | 615,000 | 615,000 | |||||
Sharper, Inc v.Pineapple Express, Inc [Member] | |||||||
Amount in controversy | 32,500 | ||||||
Principal amount | 15,375 | ||||||
Contingent liabilities | 18,692 | 18,692 | |||||
Cunningham Pineapple Express, Inc [Member] | |||||||
Judgment award transitioned | $ 47,684 | ||||||
Cunningham v.Pineapple Express, Inc [Member] | |||||||
Judgment award transitioned | $ 2,367 | ||||||
StoryCorp Consulting, dba Wells Compliance Group [Member] | |||||||
Contingent liabilities | 29,280 | 29,280 | $ 23,805 | ||||
Judgment award transitioned | $ 29,280 | $ 15,000 | |||||
Russ Schamun [Member] | |||||||
Contingent liabilities | 7,500 | 7,500 | |||||
Pineapple Express, Inc. [Member] | |||||||
Stipulated judgment claimed | 60,000 | ||||||
Notes payable-related party | $ 30,851 | $ 30,851 |
Schedule of Effective Income Ta
Schedule of Effective Income Tax (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | ||
U.S federal statutory tax rate | 21% | 21% |
State tax, net of deferral tax benefit | 7% | 7% |
Related party interest | 0% | 0% |
Change in valuation allowance | (28.00%) | (28.00%) |
Other | 0% | 0% |
Total deferred tax assets | 0% | 0% |
Schedule of Deferred Tax Assets
Schedule of Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryforwards | $ 2,001,247 | $ 1,868,691 |
Stock-based compensation | 800,552 | 800,552 |
Accruals and reserves | 1,494,837 | 1,494,837 |
Other | 17,867 | 17,867 |
Fixed assets | 2,185 | 2,185 |
Total deferred tax assets | 4,316,688 | 4,184,132 |
Valuation allowance | (4,316,688) | (4,184,132) |
Net deferred tax assets |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | ||
Deferred tax valuation allowances percentage | 100% | |
Operating loss carryforwards for federal income | $ 7,500,000 | $ 6,300,000 |
Operating loss carryforwards expiration | expire beginning in 2036 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | 12 Months Ended | ||||||
Sep. 28, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Feb. 16, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | |
Subsequent Event [Line Items] | |||||||
Common stock issued for cash, shares | 2,500,000 | ||||||
Stock subscription | $ 150,000 | $ 100,000 | $ 400,000 | ||||
Subsequent Event [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Stock subscription | $ 150,000 | ||||||
Common Stock [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Common stock issued for cash, shares | 2,630,000 | 10,000,000 | |||||
Common Stock [Member] | Subsequent Event [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Common stock share issued | 600,000 | ||||||
Mathew Feinstein [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Ownership percentage | 8% | ||||||
Pineapple Wellness Inc [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Ownership percentage | 100% |