Cover
Cover | 6 Months Ended |
Jun. 30, 2023 shares | |
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 | Q2 |
Document Fiscal Year Focus | 2023 |
Current Fiscal Year End Date | --12-31 |
Entity File Number | 333-257323 |
Entity Registrant Name | SPECIFICITY, INC. |
Entity Central Index Key | 0001840102 |
Entity Tax Identification Number | 85-4017786 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 410 S. Ware Blvd. |
Entity Address, Address Line Two | Suite 508 |
Entity Address, City or Town | Tampa |
Entity Address, State or Province | FL |
Entity Address, Postal Zip Code | 33619 |
City Area Code | (813) |
Local Phone Number | 364-4744 |
Title of 12(b) Security | Common Stock |
Trading Symbol | SPTY |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | true |
Elected Not To Use the Extended Transition Period | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 10,624,243 |
BALANCE SHEETS (UNAUDITED)
BALANCE SHEETS (UNAUDITED) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Current assets | ||
Cash and cash equivalents | $ 8,711 | $ 22,818 |
Accounts receivable | 44,000 | 8,182 |
Prepaid expenses and other current assets | 8,860 | 235,375 |
Total current assets | 61,571 | 266,375 |
Property and equipment, net | 65,528 | 70,722 |
Right of use asset | 43,842 | 64,632 |
Total assets | 170,941 | 401,729 |
Current liabilities: | ||
Account payable | 233,226 | 93,867 |
Accrued liabilities | 41,172 | 37,828 |
Accrued interest, related party | 25,000 | |
Note payable | 92,120 | |
Related party advances | 371,239 | 193,739 |
Convertible note payable, net discount of $15,000 | 205,000 | |
Right of use liability | 43,842 | 43,909 |
Total current liabilities | 1,011,599 | 369,343 |
Long term liabilities - | ||
Related party notes payable | 1,000,000 | 1,000,000 |
Right of use liability, net of current portion | 20,723 | |
Total liabilities | 2,011,599 | 1,390,066 |
Stockholders’ Deficit: | ||
Common stock, $0.001 par value; 50,000,000 shares authorized, 10,682,584 and 10,652,584 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively | 10,682 | 10,652 |
Additional paid-in capital | 4,476,383 | 4,401,413 |
Accumulated deficit | (7,728,723) | (6,801,402) |
Total stockholders’ deficit | (1,840,658) | (988,337) |
Total liabilities and stockholders’ deficit | 170,941 | 401,729 |
Series A Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock value | 1,000 | 1,000 |
Series B Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock value | $ 1,400,000 | $ 1,400,000 |
BALANCE SHEETS (UNAUDITED) (Par
BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Convertible note payable, net discount | $ 15,000 | |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 10,682,584 | 10,652,584 |
Common stock, shares outstanding | 10,682,584 | 10,652,584 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 1,000,000 | 1,000,000 |
Preferred stock, shares outstanding | 1,000,000 | 1,000,000 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 560,000 | 560,000 |
Preferred stock, shares issued | 560,000 | 560,000 |
Preferred stock, shares outstanding | 560,000 | 560,000 |
STATEMENTS OF OPERATIONS (UNAUD
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Revenue, net | $ 279,188 | $ 378,660 | $ 485,046 | $ 649,510 |
Cost of revenues | 142,995 | 110,360 | 237,200 | 261,250 |
Gross profit | 136,193 | 268,300 | 247,846 | 388,260 |
Operating expenses: | ||||
Sales and marketing | 45,930 | 19,837 | 56,010 | 32,717 |
General and administrative expenses, including stock based compensation of $96,149, $0, $233,505 and $600,000, respectively | 408,093 | 587,611 | 969,134 | 1,922,740 |
Officer compensation | 44,773 | 20,988 | 61,273 | 116,518 |
Total operating expenses | 498,796 | 628,436 | 1,086,417 | 2,071,975 |
Loss from operations | (362,603) | (360,136) | (838,571) | (1,683,715) |
Other income (expense): | ||||
Interest expense | (70,650) | (12,466) | (88,750) | (23,014) |
Total other income (expense) | (70,650) | (12,466) | (88,750) | (23,014) |
Net loss | $ (433,253) | $ (372,602) | $ (927,321) | $ (1,706,729) |
Basic net loss per common share attributable to common stockholders | $ (0.04) | $ (0.04) | $ (0.09) | $ (0.19) |
Diluted net loss per common share attributable to common stockholders | $ (0.04) | $ (0.04) | $ (0.09) | $ (0.19) |
Weighted-average number of shares used in computing basic per share amounts | 10,682,584 | 9,369,345 | 10,669,435 | 9,123,984 |
Weighted-average number of shares used in computing diluted per share amounts | 10,682,584 | 9,369,345 | 10,669,435 | 9,123,984 |
STATEMENTS OF OPERATIONS (UNA_2
STATEMENTS OF OPERATIONS (UNAUDITED) (Parenthetical) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Stock-based compensation | $ 96,149 | $ 0 | $ 233,505 | $ 600,000 |
STATEMENTS OF STOCKHOLDERS' EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (UNAUDITED) - USD ($) | Preferred Stock Series A [Member] | Preferred Stock Series B [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Subscription Receivable [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2021 | $ 1,000 | $ 650,000 | $ 8,655 | $ 1,418,896 | $ (1,500) | $ (2,456,870) | $ (379,819) |
Beginning balance, shares at Dec. 31, 2021 | 1,000,000 | 260,000 | 8,654,701 | ||||
Issuance of common stock for cash | $ 314 | 471,653 | 471,967 | ||||
Issuance of common stock for cash, shares | 314,644 | ||||||
Offering costs | (22,831) | (22,831) | |||||
Stock-based compensation | $ 400 | 599,600 | 600,000 | ||||
Stock-based compensation, shares | 400,000 | ||||||
Net loss | (1,706,729) | (1,706,729) | |||||
Ending balance, value at Jun. 30, 2022 | $ 1,000 | $ 650,000 | $ 9,369 | 2,467,318 | (1,500) | (4,163,599) | (1,037,412) |
Ending balance, shares at Jun. 30, 2022 | 1,000,000 | 260,000 | 9,369,345 | ||||
Beginning balance, value at Mar. 31, 2022 | $ 1,000 | $ 650,000 | $ 9,369 | 2,470,903 | (1,500) | (3,790,997) | (661,225) |
Beginning balance, shares at Mar. 31, 2022 | 1,000,000 | 260,000 | 9,369,345 | ||||
Offering costs | (3,585) | (3,585) | |||||
Net loss | (372,602) | (372,602) | |||||
Ending balance, value at Jun. 30, 2022 | $ 1,000 | $ 650,000 | $ 9,369 | 2,467,318 | (1,500) | (4,163,599) | (1,037,412) |
Ending balance, shares at Jun. 30, 2022 | 1,000,000 | 260,000 | 9,369,345 | ||||
Beginning balance, value at Dec. 31, 2022 | $ 1,000 | $ 1,400,000 | $ 10,652 | 4,401,413 | (6,801,402) | (988,337) | |
Beginning balance, shares at Dec. 31, 2022 | 1,000,000 | 560,000 | 10,652,584 | ||||
Issuance of common stock for cash | $ 30 | 74,970 | 75,000 | ||||
Issuance of common stock for cash, shares | 30,000 | ||||||
Net loss | (927,321) | (927,321) | |||||
Ending balance, value at Jun. 30, 2023 | $ 1,000 | $ 1,400,000 | $ 10,682 | 4,476,383 | (7,728,723) | (1,840,658) | |
Ending balance, shares at Jun. 30, 2023 | 1,000,000 | 560,000 | 10,682,584 | ||||
Beginning balance, value at Mar. 31, 2023 | $ 1,000 | $ 1,400,000 | $ 10,682 | 4,476,383 | (7,295,470) | (1,407,405) | |
Beginning balance, shares at Mar. 31, 2023 | 1,000,000 | 560,000 | 10,682,584 | ||||
Net loss | (433,253) | (433,253) | |||||
Ending balance, value at Jun. 30, 2023 | $ 1,000 | $ 1,400,000 | $ 10,682 | $ 4,476,383 | $ (7,728,723) | $ (1,840,658) | |
Ending balance, shares at Jun. 30, 2023 | 1,000,000 | 560,000 | 10,682,584 |
STATEMENTS OF CASH FLOWS (UNAUD
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (927,321) | $ (1,706,729) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock-based compensation | 233,505 | 600,000 |
Depreciation | 5,194 | 4,769 |
Debt discount amortization | 5,000 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | (35,818) | |
Prepaids and other current assets | (6,990) | (3,557) |
Accounts payable | 139,359 | (21,246) |
Accrued liabilities | 3,344 | (10,333) |
Accrued interest, related party | 25,000 | 12,466 |
Net cash used in operating activities | (558,727) | (1,124,630) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of property and equipment | (9,207) | |
Net cash used in investing activities | (9,207) | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from notes payable | 120,000 | |
Payments on notes payable | (27,880) | |
Advances from related party | 177,500 | 73,000 |
Proceeds from convertible notes payable | 200,000 | |
Payment of deferred offering costs | (22,831) | |
Proceeds from sale of common stock | 75,000 | 471,967 |
Net cash provided by financing activities | 544,620 | 522,136 |
Change in cash and cash equivalents | (14,107) | (611,701) |
Cash and cash equivalents, beginning of period | 22,818 | 637,841 |
Cash and cash equivalents, end of period | 8,711 | 26,140 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 73,750 | 10,548 |
Cash paid for income taxes | ||
Non-cash investing and financing activities: | ||
Right of use asset and liability | $ 104,665 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 6 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Specificity, Inc. (the “Company”) is a Nevada Corporation incorporated on November 25, 2020 (“Inception”). The Company is a full-service digital marketing firm that delivers cutting-edge marketing solutions to business-to-business clients as well as business to consumer clients. The Company has developed tools that allow us to identify and market to people who are actively in the buying cycle. We take advantage of the real-time messaging opportunities digital marketing offers to give small and medium-sized businesses a fair chance at online traffic. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 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 financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited interim consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these consolidated financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2022. The results of operations for the six months ended June 30, 2023 are not indicative of the results that may be expected for the full year. Revenues for the three months ended March 31, 2023, were reduced by approximately $ 24,000 Use of Estimates The preparation of the 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 could differ from those estimates. Concentration of Credit Risk Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits of $ 250,000 Fair Value Measurements The Company follows FASB ASC 820, Fair Value Measurements and Disclosures 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 fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts reported in the Company’s financial statements for cash, accounts receivable, prepaids and other current assets, accounts payable, etc. approximate their fair value because of the immediate or short-term mature of these financial instruments. Per Share Information Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period, increased by the potentially dilutive common shares that were outstanding during the period. As of June 30, 2023, the Company had 75,000 147,000 no New Accounting Pronouncements The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company. |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN As reflected in the accompanying financial statements, during the six months ended June 30, 2023, the Company incurred a net loss of $ 927,321 558,727 While the Company is continuing operations and generating revenues, the Company’s cash position is not significant enough to support the Company’s daily operations. To fund operations and reduce the working capital deficit, the Company has raised capital through the sale of common and preferred stock as well as monies advanced from related parties. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect, nor can there be assurance that such funds will be at acceptable terms. The ability of the Company to continue as a going concern is dependent upon our ability to further implement its business plan and generate revenues and cash flows. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
FINANCIAL STATEMENT ELEMENTS
FINANCIAL STATEMENT ELEMENTS | 6 Months Ended |
Jun. 30, 2023 | |
Quarterly Financial Information Disclosure [Abstract] | |
FINANCIAL STATEMENT ELEMENTS | NOTE 4 – FINANCIAL STATEMENT ELEMENTS In 2020, the Company purchased software for which is to be used in operations with a $ 50,000 |
ADVANCES AND NOTES PAYABLE
ADVANCES AND NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
ADVANCES AND NOTES PAYABLE | NOTE 5 – ADVANCES AND NOTES PAYABLE On January 13, 2021, the Company entered into a share purchase agreement with the Company’s Chief Executive Officer to acquire 80% 1.0 1.0 5% 25,000 25,000 The Company’s chief executive officer and a member of management have advanced the Company funds for operations. The advances do not incur interest and are due on demand. As of June 30, 2023, the balance due on the advances was $ 371,239 0,000.00 On March 2, 2023, the Company entered into a revenue purchase agreement with a third party. Under the terms of the agreement, the Company received proceeds of $ 120,000 4,700 On April 25, 2023, the Company entered into a convertible promissory note with a principal amount of $ 220,000 200,000 20,000 10% 26,889 1.50 5,000 15,000 |
COMMITMENTS AND CONTIGENCIES
COMMITMENTS AND CONTIGENCIES | 6 Months Ended |
Jun. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTIGENCIES | NOTE 6 - COMMITMENTS AND CONTIGENCIES Lease The Company leases offices used for operations under a non-cancelable agreement. Rent expense for the six months ended June 30, 2023 and 2022 was $ 48,595 77,440 104,665 3% Litigation The Company is not party to any pending or threatened litigation. Significant Contracts On January 1, 2021, the Company entered into an employment contract with its Chief Executive Officer for which the initial term of the agreement is for one year and renews automatically annually. If the Chief Executive Officer is terminated without cause, then the remaining current contract year shall be paid. During the six months ended June 30, 2023, and 2022 the Company accrued or paid either the Chief Executive Officer and/or entities affiliated with the Chief Executive Officer $ 61,273 116,518 25,000 See Notes 5 and 7 for additional transactions with the related party. |
STOCKHOLDERS_ EQUITY (DEFICIT)
STOCKHOLDERS’ EQUITY (DEFICIT) | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
STOCKHOLDERS’ EQUITY (DEFICIT) | NOTE 7 – STOCKHOLDERS’ EQUITY (DEFICIT) Series A Preferred Stock The Company is authorized to issue 1,000,000 0.001 The holder of the Series A preferred stock is entitled to 80% of all voting rights available at the time of any vote. Series B Preferred Stock The Company is authorized to issue 260,000 shares of $ 0.001 560,000 Common Stock The Company is authorized to issue 50,000,000 0.001 During the six months ended June 30, 2022 the Company sold 314,644 0.50 1.50 471,967 19,246 During the six months ended June 30, 2022, the Company issued 400,000 600,000 During the six months ended June 30, 2023, the Company sold 30,000 2.50 75,000 . 75,000 5.00 2 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 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 and has determined that no material subsequent events exist other than those disclosed. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited interim consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these consolidated financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2022. The results of operations for the six months ended June 30, 2023 are not indicative of the results that may be expected for the full year. Revenues for the three months ended March 31, 2023, were reduced by approximately $ 24,000 |
Use of Estimates | Use of Estimates The preparation of the 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 could differ from those estimates. |
Concentration of Credit Risk | Concentration of Credit Risk Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits of $ 250,000 |
Fair Value Measurements | Fair Value Measurements The Company follows FASB ASC 820, Fair Value Measurements and Disclosures 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 fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts reported in the Company’s financial statements for cash, accounts receivable, prepaids and other current assets, accounts payable, etc. approximate their fair value because of the immediate or short-term mature of these financial instruments. |
Per Share Information | Per Share Information Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period, increased by the potentially dilutive common shares that were outstanding during the period. As of June 30, 2023, the Company had 75,000 147,000 no |
New Accounting Pronouncements | New Accounting Pronouncements The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |
Mar. 31, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Revenues reduced | $ 24,000 | ||
FDIC limit | $ 250,000 | ||
Antidilutive securities | 0 | ||
Warrant [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities | 75,000 | ||
Convertible Note [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities | 147,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Net loss | $ 433,253 | $ 372,602 | $ 927,321 | $ 1,706,729 |
Ney cash used in operating activities | $ 558,727 | $ 1,124,630 |
FINANCIAL STATEMENT ELEMENTS (D
FINANCIAL STATEMENT ELEMENTS (Details Narrative) | 1 Months Ended |
Dec. 31, 2020 USD ($) | |
Quarterly Financial Information Disclosure [Abstract] | |
Payments to acquire software | $ 50,000 |
ADVANCES AND NOTES PAYABLE (Det
ADVANCES AND NOTES PAYABLE (Details Narrative) - USD ($) | 1 Months Ended | 6 Months Ended | ||||
Mar. 02, 2023 | Jan. 13, 2021 | Apr. 25, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Debt Instrument [Line Items] | ||||||
Related party advances | $ 371,239 | $ 193,739 | ||||
Debt discount amortization | 5,000 | |||||
Convertible Promissory Note [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate | 10% | |||||
Proceeds from loan | $ 200,000 | |||||
Periodic payment | 26,889 | |||||
Principal amount | 220,000 | |||||
Issuance discount | $ 20,000 | |||||
Conversion price | $ 1.50 | |||||
Debt discount amortization | 5,000 | |||||
Unamortized debt discount | 15,000 | |||||
Share Purchase Agreement [Member] | Pickpocket, Inc. [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Voting percentage | 80% | |||||
Purchase price | $ 1,000,000 | |||||
Transactions costs | $ 1,000,000 | |||||
Interest rate | 5% | |||||
Interest paid | 25,000 | $ 25,000 | ||||
Accrued Interest | $ 25,000 | |||||
Revenue Purchase Agreement [Member] | Third Party [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Proceeds from loan | $ 120,000 | |||||
Periodic payment | $ 4,700 |
COMMITMENTS AND CONTIGENCIES (D
COMMITMENTS AND CONTIGENCIES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Jan. 02, 2022 | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||
Rent expense | $ 48,595 | $ 77,440 | ||||
Right of use asset | $ 43,842 | $ 43,842 | $ 64,632 | $ 104,665 | ||
Lease Liability | $ 104,665 | |||||
Borrowing rate | 3% | 3% | ||||
Officer compensation | $ 44,773 | $ 20,988 | $ 61,273 | 116,518 | ||
Amounts due to related party | $ 25,000 | 25,000 | ||||
Chief Executive Officer [Member] | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||
Officer compensation | $ 61,273 | $ 116,518 |
STOCKHOLDERS_ EQUITY (DEFICIT)
STOCKHOLDERS’ EQUITY (DEFICIT) (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Class of Stock [Line Items] | |||||
Common stock, shares authorized | 50,000,000 | 50,000,000 | 50,000,000 | ||
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | ||
Proceeds from issuance of common stock | $ 75,000 | $ 471,967 | |||
Stock-based compensation | $ 96,149 | $ 0 | $ 233,505 | $ 600,000 | |
Common Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Number of stock sold | 30,000 | 314,644 | |||
Common Stock [Member] | Various Investors [Member] | |||||
Class of Stock [Line Items] | |||||
Number of stock sold | 30,000 | 314,644 | |||
Share price | $ 2.50 | $ 2.50 | |||
Proceeds from issuance of common stock | $ 75,000 | $ 471,967 | |||
Offering costs | $ 19,246 | ||||
Number of warrants issued | 75,000 | ||||
Exercise price | $ 5 | $ 5 | |||
Expiry term | 2 years | 2 years | |||
Common Stock [Member] | Various Investors [Member] | Minimum [Member] | |||||
Class of Stock [Line Items] | |||||
Share price | $ 0.50 | $ 0.50 | |||
Common Stock [Member] | Various Investors [Member] | Maximum [Member] | |||||
Class of Stock [Line Items] | |||||
Share price | $ 1.50 | $ 1.50 | |||
Common Stock [Member] | Two Employess [Member] | |||||
Class of Stock [Line Items] | |||||
Common shares issued for services, shares | 400,000 | ||||
Stock-based compensation | $ 600,000 | ||||
Series A Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | 1,000,000 | ||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | ||
Preferred stock, voting rights | The holder of the Series A preferred stock is entitled to 80% of all voting rights available at the time of any vote. | ||||
Series B Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock, shares authorized | 560,000 | 560,000 | 560,000 | ||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 0.001 |