Cover
Cover - shares | 9 Months Ended | |
Jun. 30, 2023 | Aug. 12, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2023 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --09-30 | |
Entity File Number | 000-214815 | |
Entity Registrant Name | ZEUUS, INC. | |
Entity Central Index Key | 0001687926 | |
Entity Tax Identification Number | 37-1830331 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 9th Floor | |
Entity Address, Address Line Two | 31 West 27th Street | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10001 | |
City Area Code | (888) | |
Local Phone Number | 469-3887 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 105,515,460 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Current Assets: | ||
Cash | $ 28,422 | $ 42,949 |
Deposit and other assets | 40,627 | 15,674 |
Total current assets | 69,049 | 58,623 |
Property and equipment, net | 89,759 | 83,191 |
Intangible assets | 765,000 | 900,000 |
Total other assets | 854,759 | 983,191 |
Total Assets | 923,808 | 1,041,814 |
Current Liabilities: | ||
Accounts payable | 13,915 | 45,846 |
Accrued interest– related party | 135,366 | 49,107 |
Total Current Liabilities | 1,753,668 | 1,314,734 |
Total Liabilities | 1,753,668 | 1,314,734 |
Commitments and contingencies | ||
Stockholders’ Equity (Deficit): | ||
Common Stock, par value $0.001, 200,000,000 shares authorized; 105,515,460 and 105,515,460 shares issued and outstanding, respectively | 105,515 | 105,515 |
Additional paid-in capital | 889,435 | 888,061 |
Accumulated other comprehensive income | 2,120 | 17,060 |
Accumulated deficit | (1,826,930) | (1,283,556) |
Total Stockholders’ Equity (Deficit) | (829,860) | (272,920) |
Total Liabilities and Stockholders’ Deficit | 923,808 | 1,041,814 |
Nonrelated Party [Member] | ||
Current Liabilities: | ||
Other current liabilities | 3,724 | 60,197 |
Related Party [Member] | ||
Current Liabilities: | ||
Other current liabilities | $ 1,600,663 | $ 1,159,584 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2023 | Sep. 30, 2022 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares outstanding | 105,515,460 | 105,515,460 |
Common stock, shares issued | 105,515,460 | 105,515,460 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Operating Expenses: | ||||
General and administrative | $ 133,216 | $ 105,309 | $ 341,043 | $ 448,902 |
Director compensation | 34,650 | |||
Professional fees | 32,183 | 83,398 | 114,915 | 145,893 |
Total operating expenses | 165,399 | 188,707 | 455,958 | 629,445 |
Loss from operations | (165,399) | (188,707) | (455,958) | (629,445) |
Other expense: | ||||
Interest expense | (34,490) | (23,320) | (87,416) | (28,490) |
Total other expense | (34,490) | (23,320) | (87,416) | (28,490) |
Loss before provision for income taxes | (199,889) | (212,027) | (543,374) | (657,935) |
Provision for income taxes | ||||
Net Loss | (199,889) | (212,027) | (543,374) | (657,935) |
Other comprehensive income: | ||||
Foreign currency translation adjustment | 1,684 | (2,416) | (14,940) | (5,053) |
Comprehensive Loss | $ (198,205) | $ (214,443) | $ (558,314) | $ (662,988) |
Loss per share, basic | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
Loss per share, diluted | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
Weighted average common shares outstanding, basic | 105,515,460 | 105,506,163 | 105,515,460 | 105,500,757 |
Weighted average common shares outstanding, diluted | 105,515,460 | 105,506,163 | 105,515,460 | 105,500,757 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Sep. 30, 2021 | $ 105,443 | $ 727,857 | $ (449,634) | $ 2,062 | $ 385,728 |
Balance, shares at Sep. 30, 2021 | 105,442,890 | ||||
Common stock issued for director services | $ 23 | 34,627 | 34,650 | ||
Common stock issued for director services, shares | 23,100 | ||||
Common stock issued for cash | $ 34 | 51,966 | 52,000 | ||
Common stock issued for cash, shares | 33,730 | ||||
Net loss | (265,029) | (3,155) | (268,184) | ||
Balance at Dec. 31, 2021 | $ 105,500 | 814,450 | (714,663) | (1,093) | 204,194 |
Balance, shares at Dec. 31, 2021 | 105,499,720 | ||||
Balance at Sep. 30, 2021 | $ 105,443 | 727,857 | (449,634) | 2,062 | 385,728 |
Balance, shares at Sep. 30, 2021 | 105,442,890 | ||||
Net loss | (662,988) | ||||
Balance at Jun. 30, 2022 | $ 105,510 | 864,140 | (1,107,569) | (2,991) | (140,910) |
Balance, shares at Jun. 30, 2022 | 105,509,660 | ||||
Balance at Dec. 31, 2021 | $ 105,500 | 814,450 | (714,663) | (1,093) | 204,194 |
Balance, shares at Dec. 31, 2021 | 105,499,720 | ||||
Common stock issued for cash | $ 6 | 32,194 | 32,200 | ||
Common stock issued for cash, shares | 6,440 | ||||
Net loss | (180,879) | 518 | (180,361) | ||
Balance at Mar. 31, 2022 | $ 105,506 | 846,644 | (895,542) | (575) | 56,033 |
Balance, shares at Mar. 31, 2022 | 105,506,160 | ||||
Common stock issued for cash | $ 4 | 17,496 | 17,500 | ||
Common stock issued for cash, shares | 3,500 | ||||
Net loss | (212,027) | (2,416) | (214,443) | ||
Balance at Jun. 30, 2022 | $ 105,510 | 864,140 | (1,107,569) | (2,991) | (140,910) |
Balance, shares at Jun. 30, 2022 | 105,509,660 | ||||
Balance at Sep. 30, 2022 | $ 105,515 | 888,061 | (1,283,556) | 17,060 | (272,920) |
Balance, shares at Sep. 30, 2022 | 105,515,460 | ||||
Net loss | (173,772) | (17,341) | (191,113) | ||
Balance at Dec. 31, 2022 | $ 105,515 | 888,061 | (1,457,328) | (281) | (464,033) |
Balance, shares at Dec. 31, 2022 | 105,515,460 | ||||
Balance at Sep. 30, 2022 | $ 105,515 | 888,061 | (1,283,556) | 17,060 | (272,920) |
Balance, shares at Sep. 30, 2022 | 105,515,460 | ||||
Net loss | (558,314) | ||||
Balance at Jun. 30, 2023 | $ 105,515 | 889,435 | (1,826,930) | 2,120 | (829,860) |
Balance, shares at Jun. 30, 2023 | 105,515,460 | ||||
Balance at Dec. 31, 2022 | $ 105,515 | 888,061 | (1,457,328) | (281) | (464,033) |
Balance, shares at Dec. 31, 2022 | 105,515,460 | ||||
Net loss | (169,713) | 717 | (168,996) | ||
Cash from prior sale of stock | 1,374 | 1,374 | |||
Balance at Mar. 31, 2023 | $ 105,515 | 889,435 | (1,627,041) | 436 | (631,655) |
Balance, shares at Mar. 31, 2023 | 105,515,460 | ||||
Net loss | (199,889) | 1,684 | (198,205) | ||
Balance at Jun. 30, 2023 | $ 105,515 | $ 889,435 | $ (1,826,930) | $ 2,120 | $ (829,860) |
Balance, shares at Jun. 30, 2023 | 105,515,460 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Cash flows from operating activities: | ||
Net Loss | $ (543,374) | $ (657,935) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization expense | 150,715 | 9,228 |
Stock issued for director services | 34,650 | |
Changes in operating assets and liabilities: | ||
Deposit and other assets | (24,953) | 17,480 |
Accounts payable | (31,931) | (8,063) |
Accrued interest– related party | 86,259 | 28,491 |
Other current liabilities | (56,473) | (1,784) |
Net cash used in operating activities | (419,757) | (577,933) |
Cash flows from investing activities: | ||
Purchase of equipment | (22,284) | (21,800) |
Net cash used in investing activities | (22,284) | (21,800) |
Cash flows from financing activities: | ||
Proceeds from related party loans | 441,080 | 424,900 |
Proceeds from sale of stock | 1,374 | 101,700 |
Net cash provided by financing activities | 442,454 | 526,600 |
Net change in cash | 413 | (73,133) |
Effects of currency translation | (14,940) | (5,053) |
Cash, beginning of period | 42,949 | 90,006 |
Cash, end of period | 28,422 | 11,820 |
Supplemental disclosure of cash flow information: | ||
Cash paid for taxes | ||
Cash paid for interest |
ORGANIZATION AND BUSINESS
ORGANIZATION AND BUSINESS | 9 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BUSINESS | NOTE 1 – ORGANIZATION AND BUSINESS ZEUUS, INC. (formerly Kriptech International Corp.) (the “Company”) is a corporation established under the corporation laws in the State of Nevada on March 20, 2016. The Company has adopted a September 30 fiscal year end. On June 11, 2020, Meshal Al Mutawa, acquired control of 8,000,000 75.97 270,000 On June 11, 2020, (i) Mr. Anatolii Antontcev resigned from all positions with the Company, including as President, Chief Executive Officer, Treasurer, Chief Financial Officer and as a Director, (ii) Aleksandr Zausayev resigned as the Secretary. On June 11, 2020, Mr. Meshal Al Mutawa was appointed to the Company’s Board of Directors and as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, and Secretary. On August 31, 2020, Bassam A.I. Al-Mutawa, acquired control of eight million ( 8,000,000 75.97 On August 31, 2020, Mr. Bassam A.I. Al-Mutawa was appointed to the Company’s Board of Directors and as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, and Secretary. On March 9, 2021, the Financial Industry Regulatory Authority (“FINRA”) approved the Company’s name change to Zeuus, Inc. and its trading symbol to ZUUS. The market effective date of the name and trading symbol change was March 10, 2021. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending September 30, 2023. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2022. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”). Principles of Consolidation The accompanying condensed consolidated unaudited financial statements for the nine months ended June 30, 2023 and 2022, include the accounts of the Company and its wholly owned subsidiary, Zeuus Energy. Zeuus Energy was incorporated on July 27, 2021, in Montenegro and is currently the only operating subsidiary. Translation Adjustment The accounts of the Company’s subsidiary Zeuus Energy, Inc, are maintained in Euros. According to the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement. Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the three and nine months ended June 30, 2023, is included in net loss and foreign currency translation adjustments. Recently issued accounting pronouncements The Company has implemented all new applicable accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The Company’s unaudited consolidated financial statements as of June 30, 2023, were prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has an accumulated deficit at June 30, 2023 of $ 1,826,930 543,374 419,757 In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
INTANGIBLE ASSET
INTANGIBLE ASSET | 9 Months Ended |
Jun. 30, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTANGIBLE ASSET | NOTE 4 – INTANGIBLE ASSET On June 1, 2021, the Company completed the closing of the transactions under the terms of the Asset Purchase Agreement with Andrei Seleznev, Nikolay Alekseev, and Ilia Alekseev (collectively, “Sellers”), dated May 12, 2021, to purchase the assets comprising the Wind Turbine Technology. In exchange for these assets, the Company paid $ 100,000 14,289 800,000 Intangible asset stated at cost, less accumulated amortization consisted of the following: SCHEDULE OF INTANGIBLE ASSET June 30, 2023 September 30, 2022 Wind Turbine Technology $ 900,000 $ 900,000 Less: accumulated amortization (135,000 ) — Intangible asset, net $ 765,000 $ 900,000 Amortization expense Amortization expense for the nine months ended June 30, 2023 and 2022 was $ 135,000 0 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 9 Months Ended |
Jun. 30, 2023 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 5 – PROPERTY AND EQUIPMENT Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the various classes of assets as follows between three five years Long lived assets, including property and equipment, to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income. Property and equipment stated at cost, less accumulated depreciation consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT June 30, 2023 September 30, 2022 Property and equipment $ 127,474 $ 100,293 Less: accumulated depreciation (37,715 ) (17,102 ) Property and equipment, net $ 89,759 $ 83,191 Depreciation expense Depreciation expense for the nine months ended June 30, 2023 and 2022 was $ 15,715 9,228 |
COMMON STOCK
COMMON STOCK | 9 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 6 – COMMON STOCK On July 25, 2022, the Company was advised by FINRA that the 10:1 forward stock split of the Company’s common stock was effective July 25, 2022. 105,509,660 10,550,966 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. Since March 20, 2016, (inception) through June 30, 2023, Meshal Al Mutawa, the Company’s former president, treasurer and director, and son of Bassam Al-Mutawa, has loaned the Company funds to pay for incorporation costs and operating expenses. The following is summary of the loans as of June 30, 2023. SCHEDULE OF SUMMARY OF THE LOANS Date Maturity Rate Default Rate Balance 9/30/2022 Additions Balance 6/30/2023 8/30/2021 10/31/2022 8 % 16 % $ 100,000 $ — $ 100,000 2020 n/a n/a n/a $ 13,823 $ — $ 13,823 10/12/2021 10/12/2022 8 % 16 % $ 100,000 $ — $ 100,000 10/25/2021 10/25/2022 8 % 16 % $ 150,000 $ — $ 150,000 3/24/2022 3/24/2023 8 % 16 % $ 45,000 $ — $ 45,000 4/11/2022 4/11/2023 8 % 16 % $ 80,000 $ — $ 80,000 6/6/2022 6/6/2023 8 % 16 % $ 50,000 $ — $ 50,000 7/18/2022 7/18/2023 8 % 16 % $ 100,000 $ — $ 100,000 9/20/2022 9/20/2023 8 % 16 % $ 60,000 $ — $ 60,000 11/22/2022 11/22/2022 8 % 16 % $ — $ 151,974 $ 151,974 1/24/2023 1/24/2024 8 % 16 % $ — $ 97,758 $ 97,758 3/16/2023 3/16/2024 8 % 16 % $ — $ 50,000 $ 50,000 5/16/2023 5/16/2024 8 % 16 % $ — $ 27,374 $ 27,374 6/5/2023 6/5/2024 8 % 16 % $ — $ 113,974 $ 113,974 Balance $ 698,823 $ 441,080 $ 1,139,903 Total accrued interest on the above notes as of June 30, 2023 and December 31, 2022, is $ 116,573 36,002 On January 7, 2021, Bassam Al-Mutawa, CEO, loaned the Company $ 240,000 150,000 150,000 5 January 8, 2022 460,761 18,792 During the year ended September 30, 2022, the Company granted 23,100 1.50 34,650 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Jun. 30, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 8 - SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that there are no material subsequent events. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending September 30, 2023. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2022. |
Use of estimates | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”). |
Principles of Consolidation | Principles of Consolidation The accompanying condensed consolidated unaudited financial statements for the nine months ended June 30, 2023 and 2022, include the accounts of the Company and its wholly owned subsidiary, Zeuus Energy. Zeuus Energy was incorporated on July 27, 2021, in Montenegro and is currently the only operating subsidiary. |
Translation Adjustment | Translation Adjustment The accounts of the Company’s subsidiary Zeuus Energy, Inc, are maintained in Euros. According to the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement. |
Comprehensive Income | Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the three and nine months ended June 30, 2023, is included in net loss and foreign currency translation adjustments. |
Recently issued accounting pronouncements | Recently issued accounting pronouncements The Company has implemented all new applicable accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
INTANGIBLE ASSET (Tables)
INTANGIBLE ASSET (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
SCHEDULE OF INTANGIBLE ASSET | Intangible asset stated at cost, less accumulated amortization consisted of the following: SCHEDULE OF INTANGIBLE ASSET June 30, 2023 September 30, 2022 Wind Turbine Technology $ 900,000 $ 900,000 Less: accumulated amortization (135,000 ) — Intangible asset, net $ 765,000 $ 900,000 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and equipment stated at cost, less accumulated depreciation consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT June 30, 2023 September 30, 2022 Property and equipment $ 127,474 $ 100,293 Less: accumulated depreciation (37,715 ) (17,102 ) Property and equipment, net $ 89,759 $ 83,191 |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
SCHEDULE OF SUMMARY OF THE LOANS | SCHEDULE OF SUMMARY OF THE LOANS Date Maturity Rate Default Rate Balance 9/30/2022 Additions Balance 6/30/2023 8/30/2021 10/31/2022 8 % 16 % $ 100,000 $ — $ 100,000 2020 n/a n/a n/a $ 13,823 $ — $ 13,823 10/12/2021 10/12/2022 8 % 16 % $ 100,000 $ — $ 100,000 10/25/2021 10/25/2022 8 % 16 % $ 150,000 $ — $ 150,000 3/24/2022 3/24/2023 8 % 16 % $ 45,000 $ — $ 45,000 4/11/2022 4/11/2023 8 % 16 % $ 80,000 $ — $ 80,000 6/6/2022 6/6/2023 8 % 16 % $ 50,000 $ — $ 50,000 7/18/2022 7/18/2023 8 % 16 % $ 100,000 $ — $ 100,000 9/20/2022 9/20/2023 8 % 16 % $ 60,000 $ — $ 60,000 11/22/2022 11/22/2022 8 % 16 % $ — $ 151,974 $ 151,974 1/24/2023 1/24/2024 8 % 16 % $ — $ 97,758 $ 97,758 3/16/2023 3/16/2024 8 % 16 % $ — $ 50,000 $ 50,000 5/16/2023 5/16/2024 8 % 16 % $ — $ 27,374 $ 27,374 6/5/2023 6/5/2024 8 % 16 % $ — $ 113,974 $ 113,974 Balance $ 698,823 $ 441,080 $ 1,139,903 |
ORGANIZATION AND BUSINESS (Deta
ORGANIZATION AND BUSINESS (Details Narrative) - USD ($) | Aug. 31, 2020 | Jun. 11, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Controlling shares purchased, shares | 8,000,000 | 8,000,000 |
Controlling shares purchased, percent of total outstanding | 75.97% | 75.97% |
Controlling shares purchased, price | $ 270,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Sep. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Accumulated deficit | $ 1,826,930 | $ 1,826,930 | $ 1,283,556 | ||
Net loss | $ 199,889 | $ 212,027 | 543,374 | $ 657,935 | |
Net cash used in operating activities | $ 419,757 | $ 577,933 |
SCHEDULE OF INTANGIBLE ASSET (D
SCHEDULE OF INTANGIBLE ASSET (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Wind Turbine Technology | $ 900,000 | $ 900,000 |
Less: accumulated amortization | (135,000) | |
Intangible asset, net | $ 765,000 | $ 900,000 |
INTANGIBLE ASSET (Details Narra
INTANGIBLE ASSET (Details Narrative) - USD ($) | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 01, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Cash | $ 100,000 | ||
Shares, issued | 14,289 | ||
Other intangible assets, net | $ 800,000 | ||
Amortization expense | $ 135,000 | $ 0 |
SCHEDULE OF PROPERTY AND EQUIPM
SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Property, Plant and Equipment [Abstract] | ||
Property and equipment | $ 127,474 | $ 100,293 |
Less: accumulated depreciation | (37,715) | (17,102) |
Property and equipment, net | $ 89,759 | $ 83,191 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 9 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Property, Plant and Equipment [Line Items] | ||
Depreciation expense | $ 15,715 | $ 9,228 |
Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, estimated useful Life | 3 years | |
Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, estimated useful Life | 5 years |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) | Jul. 25, 2022 shares |
Equity [Abstract] | |
Forward stock split | 10:1 forward stock split of the Company’s common stock was effective July 25, 2022. |
Shares stock splits | 105,509,660 |
Excess stock, shares outstanding | 10,550,966 |
SCHEDULE OF SUMMARY OF THE LOAN
SCHEDULE OF SUMMARY OF THE LOANS (Details) - USD ($) | 9 Months Ended | |
Jun. 30, 2023 | Sep. 30, 2022 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument face amount | $ 1,139,903 | $ 698,823 |
Additions of loans | $ 441,080 | |
August Thirty Two Thousand Twenty One [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Oct. 31, 2022 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 100,000 | 100,000 |
Additions of loans | ||
Two Thousand Twenty [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument face amount | 13,823 | 13,823 |
Additions of loans | ||
October Twelve Two Thousand Twenty One [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Oct. 12, 2022 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 100,000 | 100,000 |
Additions of loans | ||
October Twenty Five Two Thousand Twenty One [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Oct. 25, 2022 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 150,000 | 150,000 |
Additions of loans | ||
March Twenty Four Two Thousand Twenty Two [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Mar. 24, 2023 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 45,000 | 45,000 |
Additions of loans | ||
April Eleven Two Thousand Twenty Two [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Apr. 11, 2023 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 80,000 | 80,000 |
Additions of loans | ||
June Six Two Thousand Twenty Two [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Jun. 06, 2023 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 50,000 | 50,000 |
Additions of loans | ||
July Eighteen TwoThousand Twenty Two [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Jul. 18, 2023 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 100,000 | 100,000 |
Additions of loans | ||
September Twenty Two Thousand Twenty Two [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Sep. 20, 2023 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument face amount | $ 60,000 | 60,000 |
Additions of loans | ||
November Twenty Two Two Thousand Twenty Two [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Nov. 22, 2022 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 151,974 | |
Additions of loans | $ 151,974 | |
January Twenty Four Two Thousand Twenty Three [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Jan. 24, 2024 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 97,758 | |
Additions of loans | $ 97,758 | |
March Sixteen Two Thousand Twenty Three [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Mar. 16, 2024 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 50,000 | |
Additions of loans | $ 50,000 | |
May Sixteen Two Thousand Twenty Three [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | May 16, 2024 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 27,374 | |
Additions of loans | $ 27,374 | |
June Five Two Thousand Twenty Three [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Debt instrument, maturity date | Jun. 05, 2024 | |
Debt instrument, interest rate, effective percentage | 8% | |
Debt instrument, interest rate, stated percentage | 16% | |
Debt instrument face amount | $ 113,974 | |
Additions of loans | $ 113,974 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | ||||
Jan. 08, 2021 | Sep. 30, 2022 | Jun. 30, 2023 | Dec. 31, 2022 | Jan. 07, 2021 | |
Related Party Transaction [Line Items] | |||||
Accrued Income Taxes | $ 116,573 | $ 36,002 | |||
Principal amount | $ 698,823 | 1,139,903 | |||
Common stock granted for services | 23,100 | ||||
Share price | $ 1.50 | ||||
Other noncash expense | $ 34,650 | ||||
Bassam Al-Mutawa [Member] | |||||
Related Party Transaction [Line Items] | |||||
Principal amount | $ 150,000 | 460,761 | $ 240,000 | ||
Principal amount | $ 150,000 | ||||
Interest rate | 5% | ||||
Maturity date | Jan. 08, 2022 | ||||
Interest | $ 18,792 |