10-Q

As Filed with the Securities and Exchange Commission on August 22, 2022

File No: 000-55235

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDING JUNE 30, 2022

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 000-55235

ABCO ENERGY, INC.

(Name of registrant as specified in its Charter)

Nevada	46-5342309
(State of Incorporation)	(IRS Employer Identification No.)

2505 N. Alvernon Way, Tucson, AZ	85712
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (520) 777-0511

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
COMMON STOCK	ABCE	OTCPINK

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐ No ☒

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definition of “law accelerated filed,” “accelerated filed,” “Smaller reporting company,” and “emerging growth company” in Rule 12b of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐	Smaller Reporting Company ☒
Emerging growth company ☒

If an emerging growth company, indicate by check mark (if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by the court. Yes ☐ No ☒ N/A

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of August 22, 2022, we had 260,515,166 shares of common stock issued and outstanding.

EXPLANATORY NOTE

The Purpose of this Explanatory Note is to explain that we labeled each page of the Financial Statements, where appropriate, for [i] the six [6] months ended June 30, 2022 and 2021 as NOT REVIEWED by the Company's auditors, and [ii] for the fiscal year ended December 31, 2021 were labeled as UNAUDITED. The Form 10-Q below has not been reviewed by the Company’s auditors. Management or its representatives are in the process of completing the audit of the Company’s financial statements at December 31, 2021 with its new auditors. Once, the audit at December 31, 2021 is finished and the Form 10-K at December 31, 2021 is filed, the new auditors will do Reviews of the Form 10-Q at March 31, 2021 and of  this Form 10-Q at June 30, 2022 , which is being filed on August 22, 2022 without a Review.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
Item 1. Financial Statements	4
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	21
Item 3. Quantitative and Qualitative Disclosures about Market Risk	23
Item 4. Controls and Procedures	23
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	24
Item 1A. Risk Factors	24
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds	24
Item 3. Defaults upon Senior Securities	24
Item 4. Mine Safety Disclosures	24
Item 5. Other Information	24
Item 6. Exhibits	25
Signatures	26

PART 1 – FINANCIAL INFORMATION

Item 1. Financial Statements

ABCO ENERGY, INC.

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 Not Reviewed

AND FOR THE YEAR ENDED DECEMBER 31, 2021 Unaudited

Consolidated Balance Sheets: As of June 30, 2022 (Unaudited), Not Reviewed and as of December 31, 2021 (Unaudited)	5
Consolidated Statements of Operations: For the Six Months Ended June 30, 2022 and June 30, 2021 (Unaudited) Not Reviewed	6
Consolidated Statement of Shareholders Equity for the Three and Six Months Ended June 30, 2022 (Unaudited) and for the Six Months Ended June 30, 2021 (Unaudited) Not Reviewed	7
Consolidated Statements of Cash Flows: For the Six Months Ended June 30, 2022 and June 30, 2021 (Unaudited) Not Reviewed	8
Notes to the Consolidated Financial Statements (Unaudited) Not Reviewed	9

4

ABCO ENERGY, INC.

CONSOLIDATED BALANCE SHEETS

ASSETS	June 30, 2022 Unaudited and Not Reviewed			December 31, 2021 Unaudited
Current Assets
Cash	$	21,245		$	31,414
Accounts receivable on completed projects		25,765			33,772
Costs and estimated earnings on contracts in progress		921,799			298,121
Total Current Assets		968,809			363,307
Fixed Assets
Fixed assets – net of accumulated depreciation		383,029			378,891
Other Assets
Investment in long-term leases		3,518			3,641
Total Other Assets		3,518			3,641
Total Assets	$	1,355,356		$	745,839
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses	$	553,003		$	461,819
Short term notes payable		134,076			266,444
Excess billing on contracts in progress		785,930			268,435
Notes payable to related parties		474,849			233,810
Convertible debentures and derivative liability net of Discount		597,913			482,779
Current portion of long-term debt		38,578			40,808
Total Current Liabilities		2,584,349			1,754,095
Long term debt, net of current portion		475,299			495,525
Total Liabilities		3,059,648			2,249,620
Commitments and contingencies		-			-
Stockholders’ Deficit:
Preferred stock, 100,000,000 shares authorized, $0.001 par value, and 30,000,000 shares issued and outstanding at June 30, 2022 and 30,000,000 at December 31, 2021		12,800			12,800
Common stock 5,000,000,000 shares authorized, $0.001 value, and 260,515,166 issued and outstanding at June 30, 2022 and 255,308,636 outstanding at December 31, 2021, respectively.		260,515			255,309
Additional paid-in capital		5,985,199			5,982,752
Accumulated deficit		(7,962,806	)		(7,754,642	)
Total Stockholders’ Deficit		(1,704,292	)		(1,503,781	)
Total Liabilities and Stockholders’ Deficit	$	1,355,356		$	745,839

See accompanying notes to the unaudited consolidated financial statements.

5

ABCO ENERGY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND 2021

(UNAUDITED) and Not Reviewed

	For the Three Months Ended						For the Six Months Ended
	JUNE 30, 2022			JUNE 30, 2021			JUNE 30, 2022			JUNE 30, 2021
Revenues	$	689,319		$	432,673		$	982,552		$	768,399
Cost of Sales		501,289			159,297			696,632			453,439
Gross Profit		188,030			273,376			285,920			314,960
Operating Expenses:
Payroll		31,533			48,346			42,166			109,130
Consulting expense		15,000			32,000			30,000			24,120
Corporate expense		13,747			1,190			28,818			16,264
Insurance		20,791			6,974			42,165			34,600
Other selling and administrative expenses		115,041			98,416			236,020			168,976
Total operating expense		196,112			186,926			379,169			353,090
Net income (Loss) from operations		(8,082	)		86,450			(93,249	)		(38,130	)
Other expenses
Interest on notes payable		(16,725	)		(18,112	)		(36,924	)		(31,156	)
Stock based compensation		-			(76,321	)					(136,321	)
Change in Derivative Gain (Loss)		(66,811	)		-			(202,690	)		-
Amortization of Original Issue discount		(2,191	)		-			(7,252	)		(49,623	)
Loss on disposition of vehicles		(4,028	)		-			(4,028	)		-
Gain (Loss) on extinguishment of debt		135,979			52,501			135,979			206,047
Total other expenses		46,224			(41,932	)		(114,915	)		(11,053	)
Net income (Loss) before provision for income taxes		38,142			44,518			(208,164	)		(49,183	)
Provision for income tax		-			-			-			-
Net income (loss)	$	38,142		$	44,518		$	(208,164	)	$	(49,183	)
Net income (loss) Per Share (Basic and Fully Diluted)	$	.01		$	(.01	)	$	(.01	)	$	(.01	)
Weighted average number of common shares used in the calculation		257,911,901			31,599,145			257,911,901			28,304,371

See accompanying notes to the unaudited consolidated financial statements.

6

ABCO ENERGY, INC.

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

AND FOR THE SIX MONTHS ENDED JUNE 30, 2021 (UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2022 Not Reviewed

	Common Stock
	Shares		Amount $0.001 Par		Preferred Stock		Additional Paid in Capital			Accumulated Deficit			Total Stockholders’ Deficit
Balance at January 1, 2022		255,308,636	$	255,309	$	12,,800	$	5,982,752		$	(7,754,642	)	$	(1,503,781	)
Common Shares issued for warrants net of expenses		5,206,530		5,206				36,811						42,017
Net loss for the six months ended June 30, 2022											(208,164	)		(208,164	)
Loss on warrants for payment of debt								(34,363	)					(34,363	)
Rounding														(1	)
Balance at June 30, 2022		260,515,166		260,515		12,800		5,985,200			(7,962,806	)		(1,704,292	)

SIX MONTHS ENDED JUNE 30, 2021 Not Reviewed

	Common Stock
	Shares		Amount $0.001 Par		Preferred Stock		Additional Paid in Capital			Accumulated Deficit			Total Stockholders’ Deficit
Balance at December 31, 2020		15,702,037	$	15,702	$	30,000	$	5,456,438		$	(7,086,267	)	$	(1,584,127	)
Common shares issued for conversion of convertible debenture notes - net of expenses		1,747,753		1,748		-		33,906			-			35,654
Common Shares issued for warrants net of expenses		6,319,930		6,320		-		53,404			-			59,724
Restricted shares issued for insider compensation		5,000,000		5,000		-		55,000			-			60,000
Rounding from transfer agent for reverse split		111,410		111		-		(111	)		-			-
Net loss for the three months ended March 31, 2021		-		-		-		-			(93,701	)		(93,701	)
Balance at March 31, 2021		28,881,130	$	28,881	$	30,000	$	5,598,637		$	(7,179,968	)	$	(1,522,450	)
Shares issued for note payments		5,360,536		5,360		-		67,330			-			72,690
Shares issued for warrants		5,545,039		5,545		-		39,231			-			44,776
Shares issued for reserve and commitment fees on debt issue		1,120,000		1,120		-		66,080			-			67,200
Net loss for the six months ended June 30, 2021		-		-		-		-			(49,183	)		(49,183	)
Balance at June 30, 2021		40,906,705	$	40,906	$	30,000	$	5,771,278		$	(7,135,450	)	$	(1,293,266	)

See accompanying notes to the unaudited consolidated financial statements.

7

ABCO ENERGY, INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND 2021

(UNAUDITED) and Not Reviewed

	June 30, 2022 Unaudited and Not Reviewed			June 30, 2021 Unaudited Not Reviewed
Cash Flows from Operating Activities:
Net income (loss)	$	(208,164	)	$	(49,183	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		12,140			11,673
Amortization of original issue discounts		7,252
Share based compensation to officers and consultants for services					136,321
Gain on extinguishment of debt		(135,979	)		(206,047	)
Finance fees on derivatives					49,623
Increase in derivative liability		202,690			-
Changes in operating assets and liabilities
Changes in Accounts receivable		(615,671	)		113,792
Changes in Amortizable OID		-			(26,773	)
Billings in excess of costs on incomplete projects		517,495			(313,538	)
Accounts payable and accrued expenses		91,184			41,782
Net cash used in operating activities		(129,053	)		(242,350	)
Cash flows from investing activities
Purchase of equipment		(20,306	)		-
Sales of equipment		(4,028	)		1,400
Proceeds from investments in long term leases		123			208
Net cash provided by (used for) investing activities		(24,211	)		1,608
Cash Flows from Financing Activities:
Proceeds from sale of common stock – net of expenses		7,653			340,044
Proceeds from convertible notes and conversions		38,750			11,718
Proceeds from financial institution loans		-			20,103
Payments on short term debt		(132,368	)		(191,480	)
(Payments) Proceeds from long term debt		(22,456	)		56,415
Proceeds of related party notes payable		115,134			(8,146	)
Change in derivative liability		136,382
Net cash provided by financing activities		143,095			228,654
Net increase (decrease) in cash		(10,169	)		(12,088	)
Cash, beginning of period		31,414			54,268
Cash, end of period	$	21,245		$	42,180

Supplemental disclosures of cash flow information:

Cash paid for interest	$	36,924	$	31,156
Shares issued for insider compensation		-		136,321

See accompanying notes to the unaudited consolidated financial statements.

8

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED and Not Reviewed

Note 1 – Overview and Description of the Company

The Company is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient commercial lighting business and is an electrical product and services supplier. In 2018 ABCO entered the HVAC business with the acquisition of a small company’s assets and qualifying license. The Company plans to establish a base of PV, HVAC, lighting and electrical service operations centers. This combination of services, solar and electric, provides the Company with a solid base in the standard electrical services business and a solid base in the growth markets of solar systems industry.

ABCO Energy, Inc. was organized on July 29, 2004 and operated until July 1, 2011 as Energy Conservation Technologies, Inc. (ENYC). On July 1, 2011 ENYC entered into a share exchange agreement (SEA) with ABCO Energy, Inc. (“Company”) and acquired all the assets of ABCO. ENYC changed its name to ABCO Energy, Inc. on October 31, 2011. As a result of the SEA, the outstanding shares of ENYC as of June 30, 2011 were restated in a one for twenty three (1 for 23) reverse stock split prior to the exchange to approximately 9% of the post-exchange outstanding common shares of the Company.

On December 13, 2020, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-170 (the “Reverse Stock Split”). The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on January 4, 2021 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.

On December 23, 2018, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for 20 (the “Reverse Stock Split”). The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on December 23, 2018 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.

On November 8, 2018, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 5,000,000,000 shares.

On January 13, 2017, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-10 (the “Reverse Stock Split”). The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on January 13, 2017 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.

As a result of the Reverse Stock Split the number of authorized shares of common stock was reduced to 50,000,000 from 500,000,000 shares. The Company held a Special Meeting of Stockholders in May 2017 which authorized an amendment to the Articles of Incorporation to increase the authorized common share capital to 2,000,000,000 common shares and 100,000,000 preferred shares. Thereafter, on September 27, 2017, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 2,000,000,000 shares. After the reverse split on January 4, 2021, the holders of the majority of the outstanding shares once again increased the authorized common shares to 2,000,000,000 shares. On April 14, 2022, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 5,000,000,000 shares

DESCRIPTION OF PRODUCTS

ABCO sells, installs and services Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by our staff and are purchased from both USA and offshore manufacturers. We have available and utilize many suppliers of US manufactured solar products from such companies as Mia Soleil, Canadian Solar, Westinghouse Solar and various Italian, Korean, German and Chinese suppliers. In addition, we purchase from several local and regional distributors whose products are readily available and selected for markets and price. ABCO offers solar leasing and long term financing programs from Service Finance Corporation, Mosaic, Green Sky, AEFC and others that are offered to ABCO customers and other marketing and installation organizations.

ABCO also sells and installs energy efficient lighting products, solar powered streetlights and lighting accessories. ABCO contracts directly with manufacturers and distributors to purchase its lighting products which are sold to residential and commercial customers.

9

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

ABCO has Arizona statewide approval as a registered electrical services and solar products installer and as an air conditioning and refrigeration installer. Our license is ROC 258378 Electrical and ROC 323162 HVAC and we are fully licensed to offer commercial and residential electrical services, HVAC and Solar Electric.

ABCO has Three subsidiaries, ABCO Solar, Inc. an Arizona Corporation which provides solar and electric services and products, Alternative Energy Finance Corporation, (AEFC) a Wyoming Company which provides funding for leases of photovoltaic systems, and ABCO Air Conditioning Services, Inc., an Arizona Corporation which sells residential and commercial air conditioning equipment and services in Arizona.

ABCO Solar offers solar systems “Operations and Maintenance Services” to residential and commercial customers that have solar systems built by ABCO or other solar installers. Many installers have gone out of business and ABCO’s service enables these customer’s system to continue to operate. ABCO’s service enables customers to maintain their warranties, remove and replace their systems for roof maintenance and to maintain peak efficiency. ABCO now operates and maintains systems in many cities in Arizona and intends to continue to expand this operation and maintenance segment of its business.

Note 2 – Summary of significant accounting policies.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. Intercompany transactions and balances have been eliminated. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the following to be critical accounting policies whose application have a material impact on our reported results of operations, and which involve a higher degree of complexity, as they require us to make judgments and estimates about matters that are inherently uncertain.

Cash and Cash Equivalents

There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short term cash equivalents reported in these financial statements.

Fixed Assets

Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on the straight-line basis according to IRS guidelines over the estimated useful lives of the assets, which range from three to ten years. Maintenance and repairs are charged to operations as incurred.

Revenue Recognition

The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last two fiscal years, the company had product sales as follows:

Sales Product and Services Description	JUNE 30, 2022				JUNE 30, 2021
Solar PV residential and commercial sales	$	645,751	66	%	$	635,381	82	%
Air conditioning sales and service		225,811	23	%		6,540	1	%
Energy efficient lighting & other income		110,848	11	%		126,374	17	%
Interest Income		142	-			104	-	%
Total revenue	$	982,552	100	%	$	768,399	100	%

The Company recognizes product revenue, net of sales discounts, returns and allowances. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred, and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable.

10

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

Our revenue recognition is recorded on the percentage of completion method for sales and installation revenue and on the accrual basis for fees and interest income. We recognize and record income when the customer has a legal obligation to pay. All our revenue streams are acknowledged by written contracts for any of the revenue we record. There are no differences between major classes of customers or customized orders. We record discounts, product returns, rebates and other related accounting issues in the normal business manner and experience very small number of adjustments to our written contractual sales. There are no post-delivery obligations because warranties are maintained by our suppliers. Our lease fees are earned by providing services to contractors for financing of solar systems. Normally we will acquire the promissory note (lease) on a leased system that will provide cash flow for up to 20 years. Interest is recorded on the books when earned on amortized leases.

Accounts Receivable and work-in-progress

The Company recognizes revenue upon delivery of product to customers and does not make bill-and-hold sales. Contracts spanning reporting periods are recorded on the percentage of completion method, based on the ratio of total costs to total estimated costs by project, for recognition of revenue and expenses. Accounts receivable includes fully completed and partially completed projects and partially billed statements for completed work and product delivery. The Company records a reserve for bad debts in the amount of 2% of earned accounts receivable. When the Company determines that an account is uncollectible, the account is written off against the reserve and the balance to expense. If the reserve is deemed to be inadequate after annual reviews, the reserve will be increased to an adequate level.

Inventory

The Company records inventory of construction supplies at cost using the first in first out method. After review of the inventory on an annual basis, the Company discounts all obsolete items to fair market value and has established a valuation reserve of 10% of the inventory at total cost to account for obsolescence. As of December 31, 2019 all inventory was written off resulting in balances at June 30, 2022 of $0 and at December 31, 2021 of $0.

Income Taxes

The Company has net operating loss carryforwards as of June 30, 2022 totaling approximately $5,060,743 net of accrued derivative liabilities and stock-based compensation, which are assumed to be non-tax events. A deferred 21% tax benefit of approximately $1,062,756 has been offset by a valuation allowance of the same amount as its realization is not assured. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company’s ability to generate taxable income during future periods, which is not assured.

The Company files in the US only and is not subject to taxation in any foreign country. There are three open years for which the Internal Revenue Service can examine our tax returns so 2018, 2019 and 2020 are still open years and 2021 will replace 2018 when the tax return is filed.

Fair Values of Financial Instruments

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. The Company evaluates derivatives based on level 3 indicators.

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments.

The Company measures assets and liabilities at fair value based on expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale date of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

11

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

The following are the hierarchical levels of inputs to measure fair value:

Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the current nature of these instruments. Debt approximates fair value based on interest rates available for similar financial arrangements. Derivative liabilities which have been bifurcated from host convertible debt agreements are presented at fair value. See note 11 for complete derivative and convertible debt disclosure.

Derivative Financial Instruments

Fair value accounting requires bifurcation of embedded derivative instruments such as convertible features in convertible debts or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the binomial option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.

Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments, such as warrants, are also valued using the binomial option-pricing model.

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.

Prior Period Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation in this Report.

Effects of Recently Issued Accounting Pronouncements

The Company has reviewed all recently issued accounting pronouncements and have determined the following have an effect on our financial statements:

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 505 and ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. For employees, the Company recognizes compensation expense for share-based awards based on the estimated fair value of the award on the date of grant and the probable attainment of a specified performance condition or over a service period.

Per Share Computations

Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. All shares were considered anti-dilutive at June 30, 2022 and December 31, 2021. Potentially dilutive share issues are: 1) all unissued common shares sold, 2) all convertible debentures have a possibility of a large number of shares being issued and would result in a larger number of shares issued if the price remains low, 3) the preferred stock of the company held by insiders is convertible into common shares and the preferred stock is voted on a 20 to 1 basis, 4) all options issued. All of the above are potential dilutive items.

12

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

Note 3 – Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in marketing and operations. The Company incurred a net loss of $(208,164) for the period ended June 30, 2022, and $49,183 for the six months ended June 30, 2021. The net cash flow used in operations was $129,053 for the period ended June 30, 2022 and its accumulated net losses from inception through the period ended June 30, 2022, is $(7,962,806), which raises substantial doubt about the Company’s ability to continue as a going concern. In addition, the Company’s development activities since inception have been financially sustained through capital contributions from shareholders.

The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock or through debt financing and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might result from this uncertainty.

Note 4 – Accounts Receivable

Accounts receivable as of June 30, 2022 and December 31, 2021 consists of the following:

Description	June 30, 2022		December 31, 2021
Accounts receivable on completed contracts	$	25,765	$	33,772
Costs and estimated earnings on contracts in progress		921,799		298,121
Total	$	947,564	$	331,893

Costs and Estimated Earnings on projects are recognized on the percentage of completion method for work performed on contracts in progress at June 30, 2022 and December 31, 2021. Because of growth in the last quarter of operations, the Company experienced a large number of commercial projects that were unfinished at the end of the quarter and therefor created a large backlog of excess billings over completed segments of contracts.  All or most of these contracts will be completed before the end of the year and therefore will be reported as sales.

The Company records contracts for future payments based on contractual agreements entered into at the inception of construction contracts. Amounts are payable from customers based on milestones established in each contract. Larger contracts are billed and recorded in advance and unearned profits are netted against the billed amounts such that accounts receivable reflect current amounts due from customers on completed projects and amounts earned on projects in process are reflected in the balance sheet as costs and estimated earnings in excess of billings on contracts in progress. Excess billings on contracts in process are recorded as liabilities and were $785,930 at June 30, 2022 and $268,435 at December 31, 2021.

Note 5 – Inventory

Inventory of construction supplies not yet charged to specific projects was $0 at June 30, 2022, and $0 as of December 31, 2021. The Company values items of inventory at the lower of cost or net realizable value and uses the first in first out method to charge costs to jobs. The Company wrote off all of its inventory during 2019.

Note 6 – Security deposits and Long Term Commitments

During October 2020, the Company moved into its own building that was purchased in December 2019 and abandoned the Wilmot Avenue rental space. It now occupies 4,800 square foot of office and warehouse space and one-half acre of land. There are no security deposits.

Note 7 – Investment in long term leases

Long term leases recorded on the consolidated financial statements were $3,518 at June 30, 2022 and $3,641 at December 31, 2021, respectively. One of the leases owned by AEFC was paid in full by the customer during the year ended December 31, 2020.

13

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

Note 8 – Fixed Assets

The Company has acquired all its office and field work equipment with cash payments and financial institution loans. The total fixed assets consist of land and building, vehicles, office furniture, tools and various equipment items and the totals are as follows:

Asset	June 30, 2022		December 31, 2021
Land and Building	$	356,750	$	336,444
Equipment		147,982		163,634
Accumulated depreciation		-121,703		-121,187
Fixed Assets, net of accumulated depreciation	$	383,029	$	378,891

Depreciation expense for the six months ended June 30, 2022 and the year ended December 31, 2021 was $12,140 and $14,683, respectively.

On December 31, 2019, the Company purchased a building at 2505 N Alvernon consisting of 4,800 SF building and approximately ½ acre of land. The property was financed by a $25,000 loan from Green Capital (GCSG) and a mortgage from the seller for the $300,000 balance. The purchase price was $325,000 plus closing costs of $1,400. During 2022 the company installed solar power and improved the structure of the carport at a cost of $20,306.

Note 9 – Notes Payable to Related Parties

Notes payable as of June 30, 2022 and December 31, 2021 consists of the following:

Description	June 30, 2022		December 31, 2021
Note payable – President bearing interest at 12% per annum, unsecured, demand note.		491,355		399,521
Accrued interest due on the officer’s note		106,559		83,258
Total	$	597,913	$	482,779

The officer’s note is a secured demand  note  and bears interest at 12% per annum. The Note was converted to a secured note on April 1, 2021 covering all assets of the Company. These loans have accumulated over the last few years and include unpaid salary.

Note 10 – Short Term Notes Payable

Description	June 30, 2022		December 31, 2021
Bill’ d Exchange, LLC, an equipment capital lender, initial financing August 2, 2019, finances equipment for commercial contracted customers in varying amounts	$	20,000	$	20,000
Institutional lender - cash advance		-		7,747
SBA loan		-		128,232
Former Director Demand Note		60,000		60,000
Interest Due to Former Director		54,076		50,465
Total	$	134,076	$	266,444

14

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

Bill’ d Exchange, LLC, a customer equipment capital lender, made their initial financing on August 2, 2019. They finance equipment for commercial contracted customers in varying amounts. These loans bear interest at varying rates and are paid weekly for the amount of interest due on the account at each date. Each loan is secured by the accounts receivable from the customer and by personal guarantee of an affiliated officer of ABCO Solar, Inc. On March 2, 2021, the Company entered an agreement to pay $20,000 to settle this Note in 5 payments of $4,000 each. Unpaid principal balance on this note at June 30, 2022 and December 31, 2021 was $20,000 and $20,000, respectively.

On December 31, 2019 ABCO borrowed $25,000 from Green Capital Funding, LLC. The proceeds from this loan were used to acquire the real estate purchased on the date of the loan. This unsecured loan bears interest at approximately 36% and has a repayment obligation in the amount of $35,250 in 76 payments. The unpaid balance of principal and interest at December 31, 2020 was $11,748 after several months of daily payment and a default on February 18, 2020 due to the reduction in business from Covid-19. As of the date of filing this report, no arrangements for resuming payments had been accomplished. Outstanding principal balance as of June 30, 2022, and December 31, 2021 on the note was $0 and $7,747, respectively. This note was written off and canceled during 2022.

On May 3, 2020, Company entered into a promissory note evidencing an unsecured loan in the amount of $123,999.00 made to the Company under the Paycheck Protection Program (the “Loan”). The Paycheck Protection Program (or “PPP”) was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), and is administered by the U.S. Small Business Administration. The Loan to the Company is being made through Bank of America, N.A., a national banking association (the “Lender”). The interest rate on the Loan will not exceed 1.00%. The promissory note evidencing the Loan contains customary events of default relating to, among other things, payment defaults, making materially false and misleading representations to the SBA or Lender, or breaching the terms of the Loan documents. The occurrence of an event of default may result in the repayment of all amounts outstanding, collection of all amounts owing from the Company, or filing suit and obtaining judgment against the Company. Under the terms of the CARES Act, PPP loan recipients can apply for and be granted forgiveness for all or a portion of loan granted under the PPP. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for payment of payroll costs and any payments of mortgage interest, rent, and utilities. No assurance is provided that the Company will obtain forgiveness of the Loan in whole or in part. If the SBA does not confirm forgiveness of the Loan or only partly confirms forgiveness of the Loan, including principal and interest (“Loan Balance”); then, in either such case, the Lender will establish the terms of repayment of the Loan Balance via a separate letter to the Company, containing the amount of each monthly payment, the interest rate, etc. On March 9, 2021, the SBA and Bank of America notified the Company that the entire balance of this note has been forgiven by the Government. The Company recorded a gain on extinguishment of debt during the three months ended March 31, 2021 for approximately $123,999. Outstanding principal balance as of June 30, 2022 and December 31, 2021 on the note was $-0- and $-0,- respectively.

On February 24, 2021, the Company executed a promissory note evidencing an unsecured loan (“Loan”) for $128,232 under the Paycheck Protection Plan (“PPP”). The terms of the Loan require 1.00% interest. This loan contains the same clauses as the previous EDIL loan described in the foregoing paragraph. Outstanding principal balance as of June 30, 2022 and December 31, 2021 on the note was $-0- and $128,232, respectively. On May 14, 2022, the SBA and the Bank of America notified the Company that the entire balance of the note and accrued interest has been forgiven by the Government.

The promissory note in the amount of $60,000 represents a loan in 2010 from a former Director who served the Company for nearly 12 years. The note provides for interest at 12% per annum and is unsecured. This note resulted in an interest charge of $54,076 accrued and unpaid on June 30, 2022 and $50,465 at December 31, 2021.

15

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

Note 11 – Convertible debentures - net of discounts and fees.

During the year ended December 31, 2021, the Company [partially] funded operations with borrowing on new convertible promissory notes. This table presents the positions on the notes as of June 30, 2022, and December 31, 2021.

Holder	Date of Loan		Loan amount		OID and discounts and fees		Interest rate			Balance June 30, 2022			Balance December 31, 2021
Power Up Lending Group Ltd		10-06-21		50,000	$	3,750		8	%		53,750			53,750
6th Street Lending LLC		11-10-21		35,000		3,750		12	%		38,750			38,750
6th Street Lending LLC		12-17-21		40,000		3,750		12	%		43,750			43,750
6th Street Lending, LLC		2-22-22		35,000		3,750		12	%		38,750			0
Oasis Capital		07-19-21		118,000		10,000		8	%		0			7,653
Derivative liability		12-31-21									301,724			99,034
Total convertible debt			$	278,000	$	25,000					476,724			242,937
Less Original issue discounts											(1,875	)		(9,127	)
Balances at 6-30-22 and 12-31-21										$	474,849		$	233,810

The Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities require that instruments with embedded derivative features be valued at their market values. The Black Scholes model was used to value the derivative liability for the six months ended June 30, 2022 and the fiscal year ending December 31, 2021. This value includes the fair value of the shares that may be issued according to the contracts of the holders and valued according to our common share price at the time of acquisition.

As of September 1, 2018, the Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $5,000,000 of the Company’s common stock at a price equal to 85% of the market price at the time of purchase (“Put Shares”). The Company agreed to file a new registration statement to register for resale the Put Shares. The Registration Statement must be effective with the SEC before Investor is obligated to purchase any Put Shares. In addition, the Company [i] issued to Investor a one year $150,000 note which is convertible at a fixed price of $.01 per share as a commitment fee for its purchase of Put Shares and [ii] delivered to Investor a Registration Rights Agreement pursuant to which the Company agreed to register all Put Shares acquired under the Equity Purchase Agreement. During 2020, Investor converted $59,692 of principal of the Note and received 930,165,889 shares of common stock. During the twelve months ended December 31, 2020, the negotiated note balance was $3,264. The unpaid principal balance on the Note was $0 and $7,653 at June 30, 2022 and December 31, 2021, respectively.

As of January 21, 2020 (“Effective Date”), the Company issued to Oasis a $208,000 Promissory Note, net of a prorated original issue discount of $16,000 (“1/21/20 Note”). The Company received $34,000 (“First Tranche”) with four additional Tranches through December 31, 2020 totaling $85,000. There were three Tranches for the period of January 1, 2021 to February 19, 2021, totaling $70,000. Each Tranche matures nine months from the effective date of each such payment. The Company issued Warrants with each Tranche totaling [2,100,000] shares. Each Warrant expires five years from the date of issuance and is exercisable at a conversion price of 120% of the closing price on the trading day prior to the funding date of the respective Tranche. The Company also agreed to issue to Oasis 5,000,000 shares of common stock as an incentive/commitment fee in connection with the transactions. The Company valued these shares at $14,500 and issued these shares in 2020. The 1/21/20 Note is convertible into common stock at a 35% discount to market. The balance of the Note at June 30, 2022 was $0 including all penalties and interest.

16

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

On March 29, 2021, the Board of Directors of the Corporation deem it in the best interests of the Corporation to enter into the Securities Purchase Agreement dated March 29, 2021 (the “Agreement”) with Power Up Lending Group Ltd. (“PowerUp”), in connection with the issuance of: (i) a promissory note of the Corporation, in the aggregate principal amount of $80,000 (including $7,500 of Original Issue Discount) (the “Note”), (ii) Three Hundred Seventy Three Thousand Three Hundred Thirty Three (373,333) restricted common shares of the Corporation (“Commitment Shares”) to be delivered to PowerUp in book entry with the Corporation’s transfer agent prior to the Closing Date, (iii) Seventy Hundred Forty Six Thousand Six Hundred Sixty Seven (746,667) restricted common shares of the Corporation (“Security Shares” and together with the Note and the Commitment Shares, collectively, the “Securities”) to be delivered to PowerUp in book entry with the Corporation’s transfer agent prior to the Closing Date; and in connection therewith to enter into an irrevocable letter agreement with Vstock Transfer LLC, the Corporation’s transfer agent, with respect to the reserve of shares of common stock of the Corporation to be issued upon any conversion of the Note (only upon default); the issuance of such shares of common stock in connection with a conversion of the Note (the “Letter Agreement”). The proceeds of this note were specifically slated for payment of the settlement of the Knight Capital Merchant Loan for $22,000 and the final payment of the Pearl Capital merchant note for $36,998. These discounted payoffs of these notes saved the Company $26,446 plus future interest. Outstanding principal balance as of June 30, 2022 and December 31, 2021 on the note was $0 and $0, respectively.

Note 12 – Fair Value Measurements

The Company complies with the provisions of FASB ASC No. 820, Fair Value Measurements and Disclosures (“ASC 820”), in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements required under other accounting pronouncements. FASB ASC No. 820-10-35, Fair Value Measurements and Disclosures- Subsequent Measurement (“ASC 820-10-35”), clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820-10-35-3 also requires that a fair value measurement reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.

The following table shows the change in the fair value of the derivative liabilities on all outstanding convertible debt at June 30, 2022 and at June 30, 2021:

Description	June 30, 2022			December 31, 2021
Purchase price of the convertible debenture - net of discount	$	136,250			7,653
Purchase during period		38,750			136,250
Total convertible debt		175,000			143,903
Valuation of derivative during prior period		99,034			99,034
Valuation of derivative during current period net of expenses		202,690			-
Balance of Original issue discount not amortized		(1,875	)		(9,127	)
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)	$	474,849		$	233,810
Derivative calculations and presentations on the Statement of Operations
Loss on note issuance	$	-		$	-
Change in Derivative (Gain) Loss		(202,690	)		-
Derivative Finance fees		-			(49,623	)
Gain (loss) on extinguishment of debt		-			-
Derivative expense charged to operations in 2022 and 2021 (See Consolidated Statement of Operations)	$	(202,690	)	$	(49,623	)

17

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

Note 13 – Long term debt

Holder	Date issued		Interest rate			Amount due June 30, 2022			Amount due December 31, 2021
Real Estate Note Allen-Neisen Family trust – Et. Al.		12-31-19		5.00	%	$	275,901		$	280,811
US Treasury SBA guaranteed loan		7-21-20		3.75	%		149,900			149,900
Ascentium Capital		10-1-18		13.00	%		423			2,417
Fredrick Donze		9-2-18		6.00	%		0			341
Charles O’Dowd – former officer loan		8-9-18		6.00	%		52,500			63,000
GMAC Chev truck		10-20-20		5.99	%		17,248			19,724
Mechanics Bank – Chev Truck		12-12-20		8.99	%		17,905			20,140
Total long-term debt							513,877			536,333
Less Current portion							(38,578	)		(40,808	)
Total long-term debt						$	475,299		$	495,525

On December 31, 2019 ABCO completed negotiations, financial arrangements and closed on the purchase of a 4,800 square foot office and warehouse building located on one/half acre of paved land on one of Tucson’s busiest streets. This property will be more than adequate to house both the Solar business and our HVAC expansion. The land and outbuildings will accommodate all of our equipment. The property acquisition was priced at $325,000 the company paid $25,000 down payment and the seller financed $300,000 mortgage based on a twenty-year amortization and a 5% interest rate with a balloon payment at the end of five (5) years. The monthly payment is $1,980. Outstanding principal balance as of June 30, 2022 and December 31, 2021 on the note was $275,901 and $280,811, respectively.

On July 21, 2020, the Company received an SBA loan from Bank of America in the amount of $150,000 that is guaranteed by the US Treasury Department. Installment payments, including principal and interest, of $731.00 monthly, will begin Twelve (12) months from the date of the promissory Note. The balance of principal and interest will be payable Thirty (30) years from the date of the promissory Note. Interest will accrue at the rate of 3.75% per annum and will accrue only on funds actually advanced from the date(s) of each advance. Each payment will be applied first to interest accrued to the date of receipt of each payment, and the balance, if any, will be applied to principal. For loan amounts of greater than $25,000, Borrower hereby grants to SBA, the secured party hereunder, a continuing security interest in and to any and all “Collateral” as described herein to secure payment and performance of all debts, liabilities and obligations of Borrower to SBA hereunder without limitation, including but not limited to all interest, other fees and expenses (all hereinafter called “Obligations”). The Collateral includes the following property that Borrower now owns or shall acquire or create immediately upon the acquisition or creation thereof: all tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code. The security interest Borrower grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, all products, proceeds and collections thereof and all records and data relating thereto. During the six months ended June 30, 2022 and the year ended December 31, 2021, the Company recorded $11,236 and $5,624 in interest expense on this loan, respectively. Unpaid principal balance of the SBA loan at June 30, 2022 and December 31, 2021 was $149,900 and $149,900, respectively.

ABCO acquired the assets of Dr. Fred Air Conditioning services on September 2, 2018 for the total price of $22,000. The allocation of the purchase price was to truck and equipment at $15,000 and the balance was allocated to inventory and the license for period of five or more years. The truck and equipment were financed by Ascentium Capital. The payments on the Ascentium capital note are $435 and the payments on the Donze note are $212 each per month.

18

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

Note 14 – Stockholder’s Deficit

Preferred Stock

On September 15, 2017 and on September 15, 2018, the Board of Directors authorized on each such date the issuance of 15,000,000 preferred shares for an aggregate of 30,000,000 shares of Class B Convertible Preferred Stock [“Series B”] to both Directors of the Company and to two Consultants, of which, David Shorey, President of the Company, is the beneficial owner thereof, a total of 30,000,000 shares of Series B. The Company assigned a value of $15,000 for the shares for 2017 and 2018. Of the Series B, 12,000,000 shares were issued to Charles O’Dowd and 2,000,000 to Wayne Marx, the Directors. Each Consultant received 8,000,000 shares. See the Company’s Schedule 14C filed with the Commission on September 28, 2018. Upon his resignation, Mr. O’ Dowd’s shares were cancelled and reissued to two Consultants. These shares have no market pricing and management assigned an aggregate value of $30,000 to the stock issued based on the par value of $0.001. The 30,000,000 shares of Preferred Stock, each has 200 votes for each Preferred share held by of record. The holders of the Preferred are also entitled to an additional 8,823,930 common shares upon conversion of the Preferred Stock. As a result of owning of these shares of Common and Preferred Stock, the Control Shareholders will have voting control of the Company.

Common Stock

During the six months ended June 30, 2022 and the year ended December 31, 2021 the following shares were issued for debt conversions:

	Six Months Ended June 30, 2022				During the Year Ended December 31, 2021
Capital Company	Shares converted		Dollars converted		Shares converted		Dollars converted
PowerUp Lending		0		0		14,399,082	$	133,505
Oasis Capital		5,206,530		42,017		39,931,068		282,240
Total		5,206,530	$	42,017		54,330,150	$	415,745

After the reverse of shares effective January 4, 2021 the authorized shares were reduced to 29,411,765. Our board of directors believes that it is desirable to have additional authorized shares of common stock available for possible future financings, acquisition transactions, joint ventures and other general corporate purposes. Our board of directors believes that having such additional authorized shares of common stock available for issuance in the future will give us greater flexibility and may allow such shares to be issued without the expense and delay of a special shareholders’ meeting unless such approval is expressly required by applicable law. Although such issuance of additional shares with respect to future financings and acquisitions would dilute existing shareholders, management believes that such transactions would increase the overall value of the Company to its shareholders. Therefore, on January 11, 2021, the shareholders voted to authorize an increase in the Authorized Common Shares to 2,000,000,000 shares. On February 18, 2022, the authorized number of Common Shares were increased to 5 Billion from 2 Billion to increase the number of shares available for reserves. The increase was authorized by the Board and by a Majority of the outstanding shares of common stock, both by written consent.

Earnings (loss) per share calculation

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period

The computation of basic and diluted loss per share at June 30, 2022 and December 31, 2021 excludes the common stock equivalents from convertible debt of the following potentially dilutive securities because their inclusion would be anti-dilutive, and the share issue number is not calculable until conversion takes place.

19

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND

THE YEAR ENDED DECEMBER 31, 2021

UNAUDITED Not Reviewed

Stock subscriptions executed under an earlier offering included a provision whereby ABCO agrees to pay a dividend (defined as interest) of from 6% to 12% of the total amount invested for a period of one year from receipt of the invested funds. This dividend (defined as interest) is allocated between the broker and the investor with amounts paid to the broker treated as a cost of the offering and netted against additional paid in capital and amounts paid to the investor treated as interest expense. Total amounts paid or accrued under this agreement and charged to additional paid-in capital for the six months ended June 30, 2022 and the year ended December 31, 2021, amounted to $0 and $0, respectively. The accrued balance due on this obligation to shareholders totals $49,900 at June 30, 2022 and $49,900 at December 31, 2021.

ABCO has evaluated these agreements under ASC 480-10: Certain Financial Instruments with Characteristics of both Liabilities and Equity and determined that the capital contributions made under these subscription agreement more closely resemble equity than liabilities as they can only be settled through the issuance of shares and although they have a stated cost associated with them which accrues in the same manner as interest, the cost is only incurred in the first twelve months after placement as is more closely associated with a cost of raising funds than interest expense.

Note 15 – Subsequent Events

There are no reportable events subsequent to the date of this report.

20

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS – OVERVIEW

FOR THE SIX MONTHS ENDED JUNE 30, 2022

AND JUNE 30, 2021

UNAUDITED

Our discussion of operating results for the six months ended June 30, 2021 and June 30, 2020 are presented below with major category details of revenues and expenses including the components of operating expenses. Sales consist of photovoltaic products, electrical services and LED lighting products and installation during both periods.

Sales for the six months ended June 30, 2022 and 2021 were $982,552 and $768,399, respectively. This is an increase of $214,153 or 28% of the 2021 sales. The Solar sales revenue in 2022 and 2021 reflected seasonal and changing market conditions in the financing of solar installations in the Arizona markets and the effects of the COVID-19 Pandemic. ABCO has worked diligently to overcome the COVID 19 effects on sales and the public utility changes by focusing on commercial applications and the increased interest of business and government in the LED lighting contracts.

Cost of sales for the six months ended June 30, 2022 and 2021 was $696632 and $453,439, respectively, and 71% and 59% of sales for each period then ended. Gross margins were 29% of revenue for the six months ended June 30, 2022 and 41% of revenue for the six months ended June 30, 2021. During 2022 and 2021 we have been offering new products and have found our entry market prices for steel parking structures have added gross margins higher than usual because we use outside contractors for the entire projects. Our gross profit reflects this decision. We feel that we have made progress in entering the parking shade markets and that our gross margins will stabilize as growth lowers these margins in the future.

Total selling, general and administrative expenses were $379,439 or 48% of revenues during the six months ended June 30, 2022 and $353,090 or 46% of revenues for the six months ended June 30, 2021, respectively. Net loss from operations for the six-month period ended June 30, 2022 was $(208,164) as compared to a net loss of $(49,183) for the same six-month period ended June 30, 2021, respectively. Our operating expenses for the six months ending June 30, 2022 period were lower by $26,079 over the comparative period in 2020. The interest expense during the six months ended June 30, 2022 increased by $5,768 over the period ended June 30, 2021 due mostly to the lack of new convertible loans during this period where accounting treatment requires the recording of prepaid interest during the first phase of the loan and because of higher loans from related parties. This combination of factors decreased the loss for the six months ended June 30, 2022 to $(208,164) as compared to $49,183 for the six months ended June 30, 2021, respectively. Our sales have increased dramatically during 2022 due to the end of the lock-downs and this is reflected in our sales numbers.  However, a great number of projects were sold close to the period ending on June 30, 2022 and resulted in a large increase in unfinished projects at that time.  All or most of these projects will be completed by year end, but the result at June 30 is the substantial increase in Excess Billings on Contracts in Process and the large increase in accounts receivable on incomplete projects. Both of these increases will be worked out as  the backlog projects  are  completed over the next few months and will result in sales in the future.

21

STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND 2021

AND THE YEAR ENDED DECEMBER 31, 2021

During the six months ended June 30, 2022 our net cash used by operating activities was $(129,053) and comparatively the net cash used by operating activities in the six months ended June 30, 2021 was $(242,350). Net cash used by operating activities in the period ended June 30, 2022 consisted primarily of net losses from operations of $(208,164) for 2022 as compared to a loss of $(49,183) for 2020. Depreciation adjustments of non-cash expenses were $12,140 and $11,673 for each period, respectively. Derivative portion of convertible debt accounted for charges to income for future changes in value of the underlying stock in the amount of $202,690 for the period ended June 30, 2022 as compared to derivative liability change of $136,382 in the six months period ended June 30, 2021. The Company experienced an increase in Accounts Payable of $91,184 during the six months in 2022 as compared to an increase of $41,782 for the comparative period in 2021. This increase is primarily due to the Company’s ability to apply cash receipts from investors and operations to pay past and current creditors at the end of each period, respectively. Accounts Receivable increased by $615,671, net of adjustments for contracts in process, during the period ended June 30, 2022 due to increases in contracts as compared to a decrease of $113,792 at June 31, 2021.

Net cash provided by or (used for) investing activities for the three months ended June 30, 2022 and 2021 was $(24,211) and $1,608 respectively due to receipt of principal on leases paid or terminated and equipment sales and acquisitions.

Net cash provided by financing activities for the six months ended June 30, 2022 and 2021 was $143,095 and $228,654, respectively. Net cash provided by financing activities resulted primarily from the sale of Common Stock, loans from a financial institution and loans from a Director, Officer and Directors. Any future conversions will increase the number of shares outstanding and the Stockholders Equity by the amount of the original investment.

LIQUIDITY AND CAPITAL RESOURCES

Our primary liquidity and capital requirements have been for carrying cost of accounts receivable after completion of contracts. The industry typically requires solar contractors to wait for the utility approval in order to be paid for contracts. This process can exceed 90 days and sometimes requires the Company as the contractor to pay all or most of the cost of projects without assistance from suppliers. Our working capital deficit at June 30, 2022 was $(1,615,540) and it was $(1,439,632) at December 31, 2021. This decrease of $175,908 was primarily due to increases in incomplete projects and the liability occurring therefrom. Bank financing has not been available to the Company, but we have been able to increase our credit lines with our suppliers because of good credit. There are no material covenants on our credit lines, normally due in 30 days since they are standard in the industry and the balances vary daily. Most are personally guaranteed by the Officer of the Company.

The total borrowings from Directors and officers totaled $597,913 including accrued interest of $106,559 at June 30, 2022. There are no existing agreements or arrangement with any Director to provide additional funds to the Company.

During the six and twelve months ended June 30, 2022 and December 31, 2021 there were no transactions, or proposed transactions, which have materially affected or will materially affect the Company in which any director, executive officer, or beneficial holder of more than 5% of the outstanding common, or any of their respective relatives, spouses, associates, or affiliates, has had or will have any direct or material indirect interest. We have no policy regarding entering into transactions with affiliated parties.

PLAN OF OPERATIONS

Based on our current financial position, we cannot anticipate whether we will have sufficient working capital to sustain operations for the next year if we do not raise additional capital. We will not, however, be able to reach our goals and projections for multistate expansion without a cash infusion. We have been able to raise sufficient capital through the sale of our common shares and we have incurred substantial increases in debt from our trade creditors in the normal course of business. Management will not expand the business until adequate working capital is provided. Our ability to maintain sufficient liquidity is dependent on our ability to attain profitable operations or to raise additional capital. We have no anticipated timeline for obtaining neither additional financing nor the expansion of our business. We will continue to keep our expenses as low as possible and keep our operations in line with available working capital as long as possible. There is no guarantee that the Company will be able to obtain adequate capital from any sources, or at all.

22

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not Applicable to Smaller Reporting Companies.

Item 4. Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures.

As of the end of the reporting period, June 30, 2022, we carried out an evaluation, under the supervision and with the participation of our management, including the Company’s Chairman and Chief Executive Officer/Principal Accounting Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15(e) of the Securities Exchange Act of 1934 (the “Exchange Act”), which disclosure controls and procedures are designed to insure that information required to be disclosed by a company in the reports that it files under the Exchange Act is recorded, processed, summarized and reported within required time periods specified by the SEC’s rules and forms. Based upon that evaluation, the Chairman/CEO and the Chief Financial Officer concluded that our disclosure controls and procedures are not currently effective in timely alerting them to material information relating to the Company required to be included in the Company’s period SEC filings. The Company is attempting to expand such controls and procedures, however, due to a limited number of resources the complete segregation of duties is not currently in place.

(b) Changes in Internal Control.

Subsequent to the date of such evaluation as described in subparagraph (a) above, there were no changes in our internal controls or other factors that could significantly affect these controls, including any corrective action with regard to significant deficiencies and material weaknesses.

(c) Limitations.

Our management, including our Principal Executive Officer and Principal Financial Officer, does not expect that our disclosure controls or internal controls over financial reporting will prevent all errors or all instances of fraud. However, we believe that our disclosure controls and procedures are designed to provide reasonable assurance of achieving this objective. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and any design may not succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures. Because of the inherent limitation of a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

23

PART II-OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, consolidated financial condition, or operating results.

Item 1A. Risk Factors

Not Applicable.

Item 2. Unregistered Sale of Equity Securities and Use of Proceeds

Item 3. Defaults upon Senior Securities

None

Item 4. Mine Safety Disclosures.

Not Applicable.

Item 5. Other Information

Not Applicable.

24

Item 6. Exhibits

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.

Exhibit No.	Description of Exhibit
3(i)	Articles of Incorporation, as amended (1)
3(ii)	By-Laws (1)
10(b)	12% $40,000 Convertible Note dated March 16, 2016 (4)
10(c)	8% $25,000 Convertible Note dated March 23, 2016 (4)
10(d)	10% $55,000 Convertible Note dated April 1, 2016 (5)
10(e)	5% $42,000 Convertible Note dated April 5, 2016 (5)
10(f)	10% $40,000 Convertible Note dated May 3, 2016 (5)
10(g)	8% $30,000 Convertible Note dated May 6, 2016 (5)
21	Subsidiaries of Registrant (1)
31.1	Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (2)
31.2	Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (2)
32.1	Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (2)
99.1	Engagement Agreement between Adams Fund LLC and ABCO Energy, Inc., dated September 15, 2015 (3)
99.2	Secured Promissory Note dated April 1, 2021 in favor of an affiliate of the Registrant’s President (6)
99.3	SBA Letter of Forgiveness of the 7/21/2020 SBA Guaranteed Note to The Bank of America (6)
101 INS	Inline XBRL Instance Document
101 SCH	Inline XBRL Taxonomy Extension Schema Document
101 CAL	Inline XBRL Taxonomy Calculation Linkbase Document
101 DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101 LAB	Inline XBRL Taxonomy Labels Linkbase Document
101 PRE	Inline XBRL Taxonomy Labels Linkbase Document
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
(1)	Previously filed with the Company’s Form 10-12G, SEC File No. 000-55235 filed on July 1, 2014, and incorporated herein by this reference as an exhibit to this Form 10-K.
(2)	Attached.
(3)	Previously filed with the Company’s Form 8-K filed on September 17, 2015, and incorporated herein by this reference as an exhibit to this Form 10-K.
(4)	Previously filed with the Company’s Form 10-K, File No. 000-55235, filed with the Commission on April 11, 2016 and incorporated herein by this reference.
(5)	Previously filed with the Company’s Form 10-Q, File No. 000-55235, filed with the Commission on May 20, 2016 and incorporate herein by this reference.
(6)	Previously filed with the Company Form 10-K, File No. 000-55235, filed with the Commission on April 15, 2021 and incorporated herein by this reference.

25

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report or amendment thereto to be signed on its behalf by the undersigned thereunto duly authorized.

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

August 22, 2022

ABCO ENERGY, INC

/s/ David Shorey

David Shorey

Title: President &

Chief Executive Officer (CEO)

/s/David Shorey

David Shorey

Chief Financial Officer (CFO)

Principal Accounting Officer (PAO)

26

EX-31.1

Exhibit 31.1

Sarbanes-Oxley Act of 2002 CEO 302 CERTIFICATION PURSUANT TO RULE 13A-15(E)/15D-15(E)

Certification of the Acting Chief Executive Officer

I, David Shorey, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of ABCO Energy, Inc.

(2) Based on my knowledge, this Quarterly Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

(3) Based on my knowledge, the financial statements and other financial information included in this Quarterly Report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for the periods presented in this Quarterly Report;

(4) The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its subsidiaries, if any, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d) Disclosed in this report any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5) The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 22, 2022	ABCO ENERGY, INC.
	By:	/s/ David Shorey
		David Shorey
		President & CEO

EX-31.2

Exhibit 31.2

Sarbanes-Oxley Act of 2002 CFO 302 CERTIFICATION PURSUANT TO RULE 13A-15(E)/15D-15(E)

Certification of the Chief Financial Officer

I, David Shorey certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of ABCO Energy, Inc.

(2) Based on my knowledge, this Quarterly Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

(3) Based on my knowledge, the financial statements and other financial information included in this Quarterly Report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this Quarterly Report;

(4) The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its subsidiaries, if any, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d) Disclosed in this report any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5) The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 22, 2022	ABCO ENERGY, INC.
	By:	/s/ David Shorey
		David Shorey
		CFO & PAO

EX-32.1

Exhibit 32.1

Chief Executive Officer Certification (Section 906)

CERTIFICATION PURSUANT TO

18 U.S.C., SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. Section 1350 (as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002), I, the undersigned Chief Executive Officer and Chief Financial Officer of ABCO Energy, Inc., (the “Company”), hereby certify that, to the best of my knowledge, the Quarterly Report on Form 10-Q of the Company for the period ended June 30, 2022 (the “Report”) fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

Dated: August 22, 2022
	ABCO ENERGY, INC.
	/s/David Shorey
	David Shorey
	President & CEO
	(Principal Executive Officer and Principal Financial Officer)

This certification accompanies this Quarterly Report on Form 10-Q pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extend required by such Act, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

XML

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 22, 2022
Document Information Line Items
Entity Registrant Name	ABCO ENERGY, INC.
Trading Symbol	ABCE
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		260,515,166
Amendment Flag	false
Entity Central Index Key	0001300938
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-55235
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	46-5342309
Entity Address, Address Line One	2505 N. Alvernon Way
Entity Address, City or Town	Tucson
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85712
City Area Code	520
Local Phone Number	777-0511
Title of 12(b) Security	COMMON STOCK
Security Exchange Name	NONE
Entity Interactive Data Current	Yes

XML

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash	$ 21,245	$ 31,414
Accounts receivable on completed projects	25,765	33,772
Costs and estimated earnings on contracts in progress	921,799	298,121
Total Current Assets	968,809	363,307
Fixed Assets
Fixed assets – net of accumulated depreciation	383,029	378,891
Other Assets
Investment in long-term leases	3,518	3,641
Total Other Assets	3,518	3,641
Total Assets	1,355,356	745,839
Current liabilities
Accounts payable and accrued expenses	553,003	461,819
Short term notes payable	134,076	266,444
Excess billing on contracts in progress	785,930	268,435
Notes payable to related parties	474,849	233,810
Convertible debentures and derivative liability net of Discount	597,913	482,779
Current portion of long-term debt	38,578	40,808
Total Current Liabilities	2,584,349	1,754,095
Long term debt, net of current portion	475,299	495,525
Total Liabilities	3,059,648	2,249,620
Commitments and contingencies
Stockholders’ Deficit:
Preferred stock, 100,000,000 shares authorized, $0.001 par value, and 30,000,000 shares issued and outstanding at June 30, 2022 and 30,000,000 at December 31, 2021	12,800	12,800
Common stock 5,000,000,000 shares authorized, $0.001 value, and 260,515,166 issued and outstanding at June 30, 2022 and 255,308,636 outstanding at December 31, 2021, respectively.	260,515	255,309
Additional paid-in capital	5,985,199	5,982,752
Accumulated deficit	(7,962,806)	(7,754,642)
Total Stockholders’ Deficit	(1,704,292)	(1,503,781)
Total Liabilities and Stockholders’ Deficit	$ 1,355,356	$ 745,839

XML

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares outstanding	30,000,000	30,000,000
Preferred stock, shares issued	30,000,000	30,000,000
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, value (in Dollars per share)	$ 0.001	$ 0.001
Common stock shares outstanding	260,515,166	255,308,636
Common stock shares issued	260,515,166	255,308,636

XML

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues	$ 689,319	$ 432,673	$ 982,552	$ 768,399
Cost of Sales	501,289	159,297	696,632	453,439
Gross Profit	188,030	273,376	285,920	314,960
Operating Expenses:
Payroll	31,533	48,346	42,166	109,130
Consulting expense	15,000	32,000	30,000	24,120
Corporate expense	13,747	1,190	28,818	16,264
Insurance	20,791	6,974	42,165	34,600
Other selling and administrative expenses	115,041	98,416	236,020	168,976
Total operating expense	196,112	186,926	379,169	353,090
Net income (Loss) from operations	(8,082)	86,450	(93,249)	(38,130)
Other expenses
Interest on notes payable	(16,725)	(18,112)	(36,924)	(31,156)
Stock based compensation	0	(76,321)		(136,321)
Change in Derivative Gain (Loss)	(66,811)	0	(202,690)	0
Amortization of Original Issue discount	(2,191)	0	(7,252)	(49,623)
Loss on disposition of vehicles	(4,028)	0	(4,028)	0
Gain (Loss) on extinguishment of debt	135,979	52,501	135,979	206,047
Total other expenses	46,224	(41,932)	(114,915)	(11,053)
Net income (Loss) before provision for income taxes	38,142	44,518	(208,164)	(49,183)
Net income (loss)	$ 38,142	$ 44,518	$ (208,164)	$ (49,183)
Net income (loss) Per Share (Basic and Fully Diluted) (in Dollars per share)	$ 0.01	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average number of common shares used in the calculation (in Shares)	257,911,901	31,599,145	257,911,901	28,304,371

XML

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2020	$ 15,702	$ 30,000	$ 5,456,438	$ (7,086,267)	$ (1,584,127)
Balance (in Shares) at Dec. 31, 2020	15,702,037
Common shares issued for conversion of convertible debenture notes - net of expenses	$ 1,748		33,906		35,654
Common shares issued for conversion of convertible debenture notes - net of expenses (in Shares)	1,747,753
Common shares issued for warrants net of expenses	$ 6,320		53,404		59,724
Common shares issued for warrants net of expenses (in Shares)	6,319,930
Shares issued to insiders	$ 5,000		55,000		60,000
Shares issued to insiders (in Shares)	5,000,000
Net loss for the period				(93,701)	(93,701)
Rounding from transfer agent for reverse split	$ 111		(111)
Rounding from transfer agent for reverse split (in Shares)	111,410
Balance at Mar. 31, 2021	$ 28,881	30,000	5,598,637	(7,179,968)	(1,522,450)
Balance (in Shares) at Mar. 31, 2021	28,881,130
Balance at Dec. 31, 2020	$ 15,702	30,000	5,456,438	(7,086,267)	(1,584,127)
Balance (in Shares) at Dec. 31, 2020	15,702,037
Net loss for the period					(49,183)
Balance at Jun. 30, 2021	$ 40,906	30,000	5,771,278	(7,135,450)	(1,293,266)
Balance (in Shares) at Jun. 30, 2021	40,906,705
Balance at Mar. 31, 2021	$ 28,881	30,000	5,598,637	(7,179,968)	(1,522,450)
Balance (in Shares) at Mar. 31, 2021	28,881,130
Shares issued for note payments	$ 5,360		67,330		72,690
Shares issued for note payments (in Shares)	5,360,536
Common shares issued for warrants net of expenses	$ 5,545		39,231		44,776
Common shares issued for warrants net of expenses (in Shares)	5,545,039
Shares issued for reserve and commitment fees on debt issue	$ 1,120		66,080		67,200
Shares issued for reserve and commitment fees on debt issue (in Shares)	1,120,000
Net loss for the period				(49,183)	(49,183)
Balance at Jun. 30, 2021	$ 40,906	30,000	5,771,278	(7,135,450)	(1,293,266)
Balance (in Shares) at Jun. 30, 2021	40,906,705
Balance at Dec. 31, 2021	$ 255,309	12,800	5,982,752	(7,754,642)	(1,503,781)
Balance (in Shares) at Dec. 31, 2021	255,308,636
Common shares issued for warrants net of expenses	$ 5,206		36,811		42,017
Common shares issued for warrants net of expenses (in Shares)	5,206,530
Net loss for the period				(208,164)	(208,164)
Loss on warrants for payment of debt			(34,363)		(34,363)
Rounding from transfer agent for reverse split					(1)
Balance at Jun. 30, 2022	$ 260,515	$ 12,800	$ 5,985,200	$ (7,962,806)	$ (1,704,292)
Balance (in Shares) at Jun. 30, 2022	260,515,166

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Cash Flows from Operating Activities:
Net income (loss)		$ (49,183)	$ (93,701)	$ (208,164)	$ (49,183)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation				12,140	11,673	$ 14,683
Amortization of original issue discounts				7,252
Share based compensation to officers and consultants for services					136,321
Gain on extinguishment of debt	$ (135,979)	(52,501)		(135,979)	(206,047)
Finance fees on derivatives					49,623
Increase in derivative liability				202,690	0
Changes in operating assets and liabilities
Changes in Accounts receivable				(615,671)	113,792
Changes in Amortizable OID				0	(26,773)
Billings in excess of costs on incomplete projects				517,495	(313,538)
Accounts payable and accrued expenses				91,184	41,782
Net cash used in operating activities				(129,053)	(242,350)
Cash flows from investing activities
Purchase of equipment				(20,306)	0
Sales of equipment				(4,028)	1,400
Proceeds from investments in long term leases				123	208
Net cash provided by (used for) investing activities				(24,211)	1,608
Cash Flows from Financing Activities:
Proceeds from sale of common stock – net of expenses				7,653	340,044
Proceeds from convertible notes and conversions				38,750	11,718
Proceeds from financial institution loans					20,103
Payments on short term debt				(132,368)	(191,480)
(Payments) Proceeds from long term debt				(22,456)	56,415
Proceeds of related party notes payable				115,134	(8,146)
Change in derivative liability				136,382
Net cash provided by financing activities				143,095	228,654
Net increase (decrease) in cash				(10,169)	(12,088)
Cash, beginning of period			$ 54,268	31,414	54,268	54,268
Cash, end of period	$ 21,245	$ 42,180		21,245	42,180	$ 31,414
Cash paid for interest				36,924	31,156
Shares issued for insider compensation				$ 0	$ 136,321

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Overview and Description of the Company

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1 – Overview and Description of the Company

The Company is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient commercial lighting business and is an electrical product and services supplier. In 2018 ABCO entered the HVAC business with the acquisition of a small company’s assets and qualifying license. The Company plans to establish a base of PV, HVAC, lighting and electrical service operations centers. This combination of services, solar and electric, provides the Company with a solid base in the standard electrical services business and a solid base in the growth markets of solar systems industry.

ABCO Energy, Inc. was organized on July 29, 2004 and operated until July 1, 2011 as Energy Conservation Technologies, Inc. (ENYC). On July 1, 2011 ENYC entered into a share exchange agreement (SEA) with ABCO Energy, Inc. (“Company”) and acquired all the assets of ABCO. ENYC changed its name to ABCO Energy, Inc. on October 31, 2011. As a result of the SEA, the outstanding shares of ENYC as of June 30, 2011 were restated in a one for twenty three (1 for 23) reverse stock split prior to the exchange to approximately 9% of the post-exchange outstanding common shares of the Company.

On December 13, 2020, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-170 (the “Reverse Stock Split”). The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on January 4, 2021 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.

On December 23, 2018, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for 20 (the “Reverse Stock Split”). The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on December 23, 2018 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.

On November 8, 2018, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 5,000,000,000 shares.

On January 13, 2017, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-10 (the “Reverse Stock Split”). The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on January 13, 2017 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.

As a result of the Reverse Stock Split the number of authorized shares of common stock was reduced to 50,000,000 from 500,000,000 shares. The Company held a Special Meeting of Stockholders in May 2017 which authorized an amendment to the Articles of Incorporation to increase the authorized common share capital to 2,000,000,000 common shares and 100,000,000 preferred shares. Thereafter, on September 27, 2017, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 2,000,000,000 shares. After the reverse split on January 4, 2021, the holders of the majority of the outstanding shares once again increased the authorized common shares to 2,000,000,000 shares. On April 14, 2022, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 5,000,000,000 shares

DESCRIPTION OF PRODUCTS

ABCO sells, installs and services Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by our staff and are purchased from both USA and offshore manufacturers. We have available and utilize many suppliers of US manufactured solar products from such companies as Mia Soleil, Canadian Solar, Westinghouse Solar and various Italian, Korean, German and Chinese suppliers. In addition, we purchase from several local and regional distributors whose products are readily available and selected for markets and price. ABCO offers solar leasing and long term financing programs from Service Finance Corporation, Mosaic, Green Sky, AEFC and others that are offered to ABCO customers and other marketing and installation organizations.

ABCO also sells and installs energy efficient lighting products, solar powered streetlights and lighting accessories. ABCO contracts directly with manufacturers and distributors to purchase its lighting products which are sold to residential and commercial customers.

ABCO has Arizona statewide approval as a registered electrical services and solar products installer and as an air conditioning and refrigeration installer. Our license is ROC 258378 Electrical and ROC 323162 HVAC and we are fully licensed to offer commercial and residential electrical services, HVAC and Solar Electric.

ABCO has Three subsidiaries, ABCO Solar, Inc. an Arizona Corporation which provides solar and electric services and products, Alternative Energy Finance Corporation, (AEFC) a Wyoming Company which provides funding for leases of photovoltaic systems, and ABCO Air Conditioning Services, Inc., an Arizona Corporation which sells residential and commercial air conditioning equipment and services in Arizona.

ABCO Solar offers solar systems “Operations and Maintenance Services” to residential and commercial customers that have solar systems built by ABCO or other solar installers. Many installers have gone out of business and ABCO’s service enables these customer’s system to continue to operate. ABCO’s service enables customers to maintain their warranties, remove and replace their systems for roof maintenance and to maintain peak efficiency. ABCO now operates and maintains systems in many cities in Arizona and intends to continue to expand this operation and maintenance segment of its business.

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Summary of significant accounting policies

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Note 2 – Summary of significant accounting policies.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. Intercompany transactions and balances have been eliminated. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the following to be critical accounting policies whose application have a material impact on our reported results of operations, and which involve a higher degree of complexity, as they require us to make judgments and estimates about matters that are inherently uncertain.

Cash and Cash Equivalents

There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short term cash equivalents reported in these financial statements.

Fixed Assets

Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on the straight-line basis according to IRS guidelines over the estimated useful lives of the assets, which range from three to ten years. Maintenance and repairs are charged to operations as incurred.

Revenue Recognition

The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last two fiscal years, the company had product sales as follows:

Sales Product and Services Description	JUNE 30, 2022				JUNE 30, 2021
Solar PV residential and commercial sales	$	645,751	66	%	$	635,381	82	%
Air conditioning sales and service		225,811	23	%		6,540	1	%
Energy efficient lighting & other income		110,848	11	%		126,374	17	%
Interest Income		142	-			104	-	%
Total revenue	$	982,552	100	%	$	768,399	100	%

The Company recognizes product revenue, net of sales discounts, returns and allowances. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred, and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable.

Our revenue recognition is recorded on the percentage of completion method for sales and installation revenue and on the accrual basis for fees and interest income. We recognize and record income when the customer has a legal obligation to pay. All our revenue streams are acknowledged by written contracts for any of the revenue we record. There are no differences between major classes of customers or customized orders. We record discounts, product returns, rebates and other related accounting issues in the normal business manner and experience very small number of adjustments to our written contractual sales. There are no post-delivery obligations because warranties are maintained by our suppliers. Our lease fees are earned by providing services to contractors for financing of solar systems. Normally we will acquire the promissory note (lease) on a leased system that will provide cash flow for up to 20 years. Interest is recorded on the books when earned on amortized leases.

Accounts Receivable and work-in-progress

The Company recognizes revenue upon delivery of product to customers and does not make bill-and-hold sales. Contracts spanning reporting periods are recorded on the percentage of completion method, based on the ratio of total costs to total estimated costs by project, for recognition of revenue and expenses. Accounts receivable includes fully completed and partially completed projects and partially billed statements for completed work and product delivery. The Company records a reserve for bad debts in the amount of 2% of earned accounts receivable. When the Company determines that an account is uncollectible, the account is written off against the reserve and the balance to expense. If the reserve is deemed to be inadequate after annual reviews, the reserve will be increased to an adequate level.

Inventory

The Company records inventory of construction supplies at cost using the first in first out method. After review of the inventory on an annual basis, the Company discounts all obsolete items to fair market value and has established a valuation reserve of 10% of the inventory at total cost to account for obsolescence. As of December 31, 2019 all inventory was written off resulting in balances at June 30, 2022 of $0 and at December 31, 2021 of $0.

Income Taxes

The Company has net operating loss carryforwards as of June 30, 2022 totaling approximately $5,060,743 net of accrued derivative liabilities and stock-based compensation, which are assumed to be non-tax events. A deferred 21% tax benefit of approximately $1,062,756 has been offset by a valuation allowance of the same amount as its realization is not assured. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company’s ability to generate taxable income during future periods, which is not assured.

The Company files in the US only and is not subject to taxation in any foreign country. There are three open years for which the Internal Revenue Service can examine our tax returns so 2018, 2019 and 2020 are still open years and 2021 will replace 2018 when the tax return is filed.

Fair Values of Financial Instruments

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. The Company evaluates derivatives based on level 3 indicators.

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments.

The Company measures assets and liabilities at fair value based on expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale date of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the current nature of these instruments. Debt approximates fair value based on interest rates available for similar financial arrangements. Derivative liabilities which have been bifurcated from host convertible debt agreements are presented at fair value. See note 11 for complete derivative and convertible debt disclosure.

Derivative Financial Instruments

Fair value accounting requires bifurcation of embedded derivative instruments such as convertible features in convertible debts or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the binomial option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.

Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments, such as warrants, are also valued using the binomial option-pricing model.

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.

Prior Period Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation in this Report.

Effects of Recently Issued Accounting Pronouncements

The Company has reviewed all recently issued accounting pronouncements and have determined the following have an effect on our financial statements:

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 505 and ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. For employees, the Company recognizes compensation expense for share-based awards based on the estimated fair value of the award on the date of grant and the probable attainment of a specified performance condition or over a service period.

Per Share Computations

Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. All shares were considered anti-dilutive at June 30, 2022 and December 31, 2021. Potentially dilutive share issues are: 1) all unissued common shares sold, 2) all convertible debentures have a possibility of a large number of shares being issued and would result in a larger number of shares issued if the price remains low, 3) the preferred stock of the company held by insiders is convertible into common shares and the preferred stock is voted on a 20 to 1 basis, 4) all options issued. All of the above are potential dilutive items.

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Going Concern

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Substantial Doubt about Going Concern [Text Block]

Note 3 – Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in marketing and operations. The Company incurred a net loss of $(208,164) for the period ended June 30, 2022, and $49,183 for the six months ended June 30, 2021. The net cash flow used in operations was $129,053 for the period ended June 30, 2022 and its accumulated net losses from inception through the period ended June 30, 2022, is $(7,962,806), which raises substantial doubt about the Company’s ability to continue as a going concern. In addition, the Company’s development activities since inception have been financially sustained through capital contributions from shareholders.

The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock or through debt financing and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might result from this uncertainty.

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Accounts Receivable

6 Months Ended

Jun. 30, 2022

Accounts Receivable And Work In Process Table Abstract

Accounts Receivable and Work in Process [Table Text Block]

Note 4 – Accounts Receivable

Accounts receivable as of June 30, 2022 and December 31, 2021 consists of the following:

Description	June 30, 2022		December 31, 2021
Accounts receivable on completed contracts	$	25,765	$	33,772
Costs and estimated earnings on contracts in progress		921,799		298,121
Total	$	947,564	$	331,893

Costs and Estimated Earnings on projects are recognized on the percentage of completion method for work performed on contracts in progress at June 30, 2022 and December 31, 2021. Because of growth in the last quarter of operations, the Company experienced a large number of commercial projects that were unfinished at the end of the quarter and therefor created a large backlog of excess billings over completed segments of contracts.  All or most of these contracts will be completed before the end of the year and therefore will be reported as sales.

The Company records contracts for future payments based on contractual agreements entered into at the inception of construction contracts. Amounts are payable from customers based on milestones established in each contract. Larger contracts are billed and recorded in advance and unearned profits are netted against the billed amounts such that accounts receivable reflect current amounts due from customers on completed projects and amounts earned on projects in process are reflected in the balance sheet as costs and estimated earnings in excess of billings on contracts in progress. Excess billings on contracts in process are recorded as liabilities and were $785,930 at June 30, 2022 and $268,435 at December 31, 2021.

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Inventory

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 5 – Inventory

Inventory of construction supplies not yet charged to specific projects was $0 at June 30, 2022, and $0 as of December 31, 2021. The Company values items of inventory at the lower of cost or net realizable value and uses the first in first out method to charge costs to jobs. The Company wrote off all of its inventory during 2019.

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Security deposits and Long Term Commitments

6 Months Ended

Jun. 30, 2022

Contractors [Abstract]

Long-Term Contracts or Programs Disclosure [Text Block]

Note 6 – Security deposits and Long Term Commitments

During October 2020, the Company moved into its own building that was purchased in December 2019 and abandoned the Wilmot Avenue rental space. It now occupies 4,800 square foot of office and warehouse space and one-half acre of land. There are no security deposits.

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Investment in long term leases

6 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Financing Receivables [Text Block]

Note 7 – Investment in long term leases

Long term leases recorded on the consolidated financial statements were $3,518 at June 30, 2022 and $3,641 at December 31, 2021, respectively. One of the leases owned by AEFC was paid in full by the customer during the year ended December 31, 2020.

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Fixed Assets

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 8 – Fixed Assets

The Company has acquired all its office and field work equipment with cash payments and financial institution loans. The total fixed assets consist of land and building, vehicles, office furniture, tools and various equipment items and the totals are as follows:

Asset	June 30, 2022		December 31, 2021
Land and Building	$	356,750	$	336,444
Equipment		147,982		163,634
Accumulated depreciation		-121,703		-121,187
Fixed Assets, net of accumulated depreciation	$	383,029	$	378,891

Depreciation expense for the six months ended June 30, 2022 and the year ended December 31, 2021 was $12,140 and $14,683, respectively.

On December 31, 2019, the Company purchased a building at 2505 N Alvernon consisting of 4,800 SF building and approximately ½ acre of land. The property was financed by a $25,000 loan from Green Capital (GCSG) and a mortgage from the seller for the $300,000 balance. The purchase price was $325,000 plus closing costs of $1,400. During 2022 the company installed solar power and improved the structure of the carport at a cost of $20,306.

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Notes Payable to Related Parties

6 Months Ended

Jun. 30, 2022

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

Note 9 – Notes Payable to Related Parties

Notes payable as of June 30, 2022 and December 31, 2021 consists of the following:

Description	June 30, 2022		December 31, 2021
Note payable – President bearing interest at 12% per annum, unsecured, demand note.		491,355		399,521
Accrued interest due on the officer’s note		106,559		83,258
Total	$	597,913	$	482,779

The officer’s note is a secured demand  note  and bears interest at 12% per annum. The Note was converted to a secured note on April 1, 2021 covering all assets of the Company. These loans have accumulated over the last few years and include unpaid salary.

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Short Term Notes Payable

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Short-Term Debt [Text Block]

Note 10 – Short Term Notes Payable

Description	June 30, 2022		December 31, 2021
Bill’ d Exchange, LLC, an equipment capital lender, initial financing August 2, 2019, finances equipment for commercial contracted customers in varying amounts	$	20,000	$	20,000
Institutional lender - cash advance		-		7,747
SBA loan		-		128,232
Former Director Demand Note		60,000		60,000
Interest Due to Former Director		54,076		50,465
Total	$	134,076	$	266,444

Bill’ d Exchange, LLC, a customer equipment capital lender, made their initial financing on August 2, 2019. They finance equipment for commercial contracted customers in varying amounts. These loans bear interest at varying rates and are paid weekly for the amount of interest due on the account at each date. Each loan is secured by the accounts receivable from the customer and by personal guarantee of an affiliated officer of ABCO Solar, Inc. On March 2, 2021, the Company entered an agreement to pay $20,000 to settle this Note in 5 payments of $4,000 each. Unpaid principal balance on this note at June 30, 2022 and December 31, 2021 was $20,000 and $20,000, respectively.

On December 31, 2019 ABCO borrowed $25,000 from Green Capital Funding, LLC. The proceeds from this loan were used to acquire the real estate purchased on the date of the loan. This unsecured loan bears interest at approximately 36% and has a repayment obligation in the amount of $35,250 in 76 payments. The unpaid balance of principal and interest at December 31, 2020 was $11,748 after several months of daily payment and a default on February 18, 2020 due to the reduction in business from Covid-19. As of the date of filing this report, no arrangements for resuming payments had been accomplished. Outstanding principal balance as of June 30, 2022, and December 31, 2021 on the note was $0 and $7,747, respectively. This note was written off and canceled during 2022.

On May 3, 2020, Company entered into a promissory note evidencing an unsecured loan in the amount of $123,999.00 made to the Company under the Paycheck Protection Program (the “Loan”). The Paycheck Protection Program (or “PPP”) was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), and is administered by the U.S. Small Business Administration. The Loan to the Company is being made through Bank of America, N.A., a national banking association (the “Lender”). The interest rate on the Loan will not exceed 1.00%. The promissory note evidencing the Loan contains customary events of default relating to, among other things, payment defaults, making materially false and misleading representations to the SBA or Lender, or breaching the terms of the Loan documents. The occurrence of an event of default may result in the repayment of all amounts outstanding, collection of all amounts owing from the Company, or filing suit and obtaining judgment against the Company. Under the terms of the CARES Act, PPP loan recipients can apply for and be granted forgiveness for all or a portion of loan granted under the PPP. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for payment of payroll costs and any payments of mortgage interest, rent, and utilities. No assurance is provided that the Company will obtain forgiveness of the Loan in whole or in part. If the SBA does not confirm forgiveness of the Loan or only partly confirms forgiveness of the Loan, including principal and interest (“Loan Balance”); then, in either such case, the Lender will establish the terms of repayment of the Loan Balance via a separate letter to the Company, containing the amount of each monthly payment, the interest rate, etc. On March 9, 2021, the SBA and Bank of America notified the Company that the entire balance of this note has been forgiven by the Government. The Company recorded a gain on extinguishment of debt during the three months ended March 31, 2021 for approximately $123,999. Outstanding principal balance as of June 30, 2022 and December 31, 2021 on the note was $-0- and $-0,- respectively.

On February 24, 2021, the Company executed a promissory note evidencing an unsecured loan (“Loan”) for $128,232 under the Paycheck Protection Plan (“PPP”). The terms of the Loan require 1.00% interest. This loan contains the same clauses as the previous EDIL loan described in the foregoing paragraph. Outstanding principal balance as of June 30, 2022 and December 31, 2021 on the note was $-0- and $128,232, respectively. On May 14, 2022, the SBA and the Bank of America notified the Company that the entire balance of the note and accrued interest has been forgiven by the Government.

The promissory note in the amount of $60,000 represents a loan in 2010 from a former Director who served the Company for nearly 12 years. The note provides for interest at 12% per annum and is unsecured. This note resulted in an interest charge of $54,076 accrued and unpaid on June 30, 2022 and $50,465 at December 31, 2021.

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Convertible debentures - net of discounts and fees.

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Note 11 – Convertible debentures - net of discounts and fees.

During the year ended December 31, 2021, the Company [partially] funded operations with borrowing on new convertible promissory notes. This table presents the positions on the notes as of June 30, 2022, and December 31, 2021.

Holder	Date of Loan		Loan amount		OID and discounts and fees		Interest rate			Balance June 30, 2022			Balance December 31, 2021
Power Up Lending Group Ltd		10-06-21		50,000	$	3,750		8	%		53,750			53,750
6th Street Lending LLC		11-10-21		35,000		3,750		12	%		38,750			38,750
6th Street Lending LLC		12-17-21		40,000		3,750		12	%		43,750			43,750
6th Street Lending, LLC		2-22-22		35,000		3,750		12	%		38,750			0
Oasis Capital		07-19-21		118,000		10,000		8	%		0			7,653
Derivative liability		12-31-21									301,724			99,034
Total convertible debt			$	278,000	$	25,000					476,724			242,937
Less Original issue discounts											(1,875	)		(9,127	)
Balances at 6-30-22 and 12-31-21										$	474,849		$	233,810

The Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities require that instruments with embedded derivative features be valued at their market values. The Black Scholes model was used to value the derivative liability for the six months ended June 30, 2022 and the fiscal year ending December 31, 2021. This value includes the fair value of the shares that may be issued according to the contracts of the holders and valued according to our common share price at the time of acquisition.

As of September 1, 2018, the Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $5,000,000 of the Company’s common stock at a price equal to 85% of the market price at the time of purchase (“Put Shares”). The Company agreed to file a new registration statement to register for resale the Put Shares. The Registration Statement must be effective with the SEC before Investor is obligated to purchase any Put Shares. In addition, the Company [i] issued to Investor a one year $150,000 note which is convertible at a fixed price of $.01 per share as a commitment fee for its purchase of Put Shares and [ii] delivered to Investor a Registration Rights Agreement pursuant to which the Company agreed to register all Put Shares acquired under the Equity Purchase Agreement. During 2020, Investor converted $59,692 of principal of the Note and received 930,165,889 shares of common stock. During the twelve months ended December 31, 2020, the negotiated note balance was $3,264. The unpaid principal balance on the Note was $0 and $7,653 at June 30, 2022 and December 31, 2021, respectively.

As of January 21, 2020 (“Effective Date”), the Company issued to Oasis a $208,000 Promissory Note, net of a prorated original issue discount of $16,000 (“1/21/20 Note”). The Company received $34,000 (“First Tranche”) with four additional Tranches through December 31, 2020 totaling $85,000. There were three Tranches for the period of January 1, 2021 to February 19, 2021, totaling $70,000. Each Tranche matures nine months from the effective date of each such payment. The Company issued Warrants with each Tranche totaling [2,100,000] shares. Each Warrant expires five years from the date of issuance and is exercisable at a conversion price of 120% of the closing price on the trading day prior to the funding date of the respective Tranche. The Company also agreed to issue to Oasis 5,000,000 shares of common stock as an incentive/commitment fee in connection with the transactions. The Company valued these shares at $14,500 and issued these shares in 2020. The 1/21/20 Note is convertible into common stock at a 35% discount to market. The balance of the Note at June 30, 2022 was $0 including all penalties and interest.

On March 29, 2021, the Board of Directors of the Corporation deem it in the best interests of the Corporation to enter into the Securities Purchase Agreement dated March 29, 2021 (the “Agreement”) with Power Up Lending Group Ltd. (“PowerUp”), in connection with the issuance of: (i) a promissory note of the Corporation, in the aggregate principal amount of $80,000 (including $7,500 of Original Issue Discount) (the “Note”), (ii) Three Hundred Seventy Three Thousand Three Hundred Thirty Three (373,333) restricted common shares of the Corporation (“Commitment Shares”) to be delivered to PowerUp in book entry with the Corporation’s transfer agent prior to the Closing Date, (iii) Seventy Hundred Forty Six Thousand Six Hundred Sixty Seven (746,667) restricted common shares of the Corporation (“Security Shares” and together with the Note and the Commitment Shares, collectively, the “Securities”) to be delivered to PowerUp in book entry with the Corporation’s transfer agent prior to the Closing Date; and in connection therewith to enter into an irrevocable letter agreement with Vstock Transfer LLC, the Corporation’s transfer agent, with respect to the reserve of shares of common stock of the Corporation to be issued upon any conversion of the Note (only upon default); the issuance of such shares of common stock in connection with a conversion of the Note (the “Letter Agreement”). The proceeds of this note were specifically slated for payment of the settlement of the Knight Capital Merchant Loan for $22,000 and the final payment of the Pearl Capital merchant note for $36,998. These discounted payoffs of these notes saved the Company $26,446 plus future interest. Outstanding principal balance as of June 30, 2022 and December 31, 2021 on the note was $0 and $0, respectively.

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Fair Value Measurements

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 12 – Fair Value Measurements

The Company complies with the provisions of FASB ASC No. 820, Fair Value Measurements and Disclosures (“ASC 820”), in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements required under other accounting pronouncements. FASB ASC No. 820-10-35, Fair Value Measurements and Disclosures- Subsequent Measurement (“ASC 820-10-35”), clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820-10-35-3 also requires that a fair value measurement reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.

The following table shows the change in the fair value of the derivative liabilities on all outstanding convertible debt at June 30, 2022 and at June 30, 2021:

Description	June 30, 2022			December 31, 2021
Purchase price of the convertible debenture - net of discount	$	136,250			7,653
Purchase during period		38,750			136,250
Total convertible debt		175,000			143,903
Valuation of derivative during prior period		99,034			99,034
Valuation of derivative during current period net of expenses		202,690			-
Balance of Original issue discount not amortized		(1,875	)		(9,127	)
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)	$	474,849		$	233,810
Derivative calculations and presentations on the Statement of Operations
Loss on note issuance	$	-		$	-
Change in Derivative (Gain) Loss		(202,690	)		-
Derivative Finance fees		-			(49,623	)
Gain (loss) on extinguishment of debt		-			-
Derivative expense charged to operations in 2022 and 2021 (See Consolidated Statement of Operations)	$	(202,690	)	$	(49,623	)

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Long term debt

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt [Text Block]

Note 13 – Long term debt

Holder	Date issued		Interest rate			Amount due June 30, 2022			Amount due December 31, 2021
Real Estate Note Allen-Neisen Family trust – Et. Al.		12-31-19		5.00	%	$	275,901		$	280,811
US Treasury SBA guaranteed loan		7-21-20		3.75	%		149,900			149,900
Ascentium Capital		10-1-18		13.00	%		423			2,417
Fredrick Donze		9-2-18		6.00	%		0			341
Charles O’Dowd – former officer loan		8-9-18		6.00	%		52,500			63,000
GMAC Chev truck		10-20-20		5.99	%		17,248			19,724
Mechanics Bank – Chev Truck		12-12-20		8.99	%		17,905			20,140
Total long-term debt							513,877			536,333
Less Current portion							(38,578	)		(40,808	)
Total long-term debt						$	475,299		$	495,525

On December 31, 2019 ABCO completed negotiations, financial arrangements and closed on the purchase of a 4,800 square foot office and warehouse building located on one/half acre of paved land on one of Tucson’s busiest streets. This property will be more than adequate to house both the Solar business and our HVAC expansion. The land and outbuildings will accommodate all of our equipment. The property acquisition was priced at $325,000 the company paid $25,000 down payment and the seller financed $300,000 mortgage based on a twenty-year amortization and a 5% interest rate with a balloon payment at the end of five (5) years. The monthly payment is $1,980. Outstanding principal balance as of June 30, 2022 and December 31, 2021 on the note was $275,901 and $280,811, respectively.

On July 21, 2020, the Company received an SBA loan from Bank of America in the amount of $150,000 that is guaranteed by the US Treasury Department. Installment payments, including principal and interest, of $731.00 monthly, will begin Twelve (12) months from the date of the promissory Note. The balance of principal and interest will be payable Thirty (30) years from the date of the promissory Note. Interest will accrue at the rate of 3.75% per annum and will accrue only on funds actually advanced from the date(s) of each advance. Each payment will be applied first to interest accrued to the date of receipt of each payment, and the balance, if any, will be applied to principal. For loan amounts of greater than $25,000, Borrower hereby grants to SBA, the secured party hereunder, a continuing security interest in and to any and all “Collateral” as described herein to secure payment and performance of all debts, liabilities and obligations of Borrower to SBA hereunder without limitation, including but not limited to all interest, other fees and expenses (all hereinafter called “Obligations”). The Collateral includes the following property that Borrower now owns or shall acquire or create immediately upon the acquisition or creation thereof: all tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code. The security interest Borrower grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, all products, proceeds and collections thereof and all records and data relating thereto. During the six months ended June 30, 2022 and the year ended December 31, 2021, the Company recorded $11,236 and $5,624 in interest expense on this loan, respectively. Unpaid principal balance of the SBA loan at June 30, 2022 and December 31, 2021 was $149,900 and $149,900, respectively.

ABCO acquired the assets of Dr. Fred Air Conditioning services on September 2, 2018 for the total price of $22,000. The allocation of the purchase price was to truck and equipment at $15,000 and the balance was allocated to inventory and the license for period of five or more years. The truck and equipment were financed by Ascentium Capital. The payments on the Ascentium capital note are $435 and the payments on the Donze note are $212 each per month.

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Stockholder's Deficit

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 14 – Stockholder’s Deficit

Preferred Stock

On September 15, 2017 and on September 15, 2018, the Board of Directors authorized on each such date the issuance of 15,000,000 preferred shares for an aggregate of 30,000,000 shares of Class B Convertible Preferred Stock [“Series B”] to both Directors of the Company and to two Consultants, of which, David Shorey, President of the Company, is the beneficial owner thereof, a total of 30,000,000 shares of Series B. The Company assigned a value of $15,000 for the shares for 2017 and 2018. Of the Series B, 12,000,000 shares were issued to Charles O’Dowd and 2,000,000 to Wayne Marx, the Directors. Each Consultant received 8,000,000 shares. See the Company’s Schedule 14C filed with the Commission on September 28, 2018. Upon his resignation, Mr. O’ Dowd’s shares were cancelled and reissued to two Consultants. These shares have no market pricing and management assigned an aggregate value of $30,000 to the stock issued based on the par value of $0.001. The 30,000,000 shares of Preferred Stock, each has 200 votes for each Preferred share held by of record. The holders of the Preferred are also entitled to an additional 8,823,930 common shares upon conversion of the Preferred Stock. As a result of owning of these shares of Common and Preferred Stock, the Control Shareholders will have voting control of the Company.

Common Stock

During the six months ended June 30, 2022 and the year ended December 31, 2021 the following shares were issued for debt conversions:

	Six Months Ended June 30, 2022				During the Year Ended December 31, 2021
Capital Company	Shares converted		Dollars converted		Shares converted		Dollars converted
PowerUp Lending		0		0		14,399,082	$	133,505
Oasis Capital		5,206,530		42,017		39,931,068		282,240
Total		5,206,530	$	42,017		54,330,150	$	415,745

After the reverse of shares effective January 4, 2021 the authorized shares were reduced to 29,411,765. Our board of directors believes that it is desirable to have additional authorized shares of common stock available for possible future financings, acquisition transactions, joint ventures and other general corporate purposes. Our board of directors believes that having such additional authorized shares of common stock available for issuance in the future will give us greater flexibility and may allow such shares to be issued without the expense and delay of a special shareholders’ meeting unless such approval is expressly required by applicable law. Although such issuance of additional shares with respect to future financings and acquisitions would dilute existing shareholders, management believes that such transactions would increase the overall value of the Company to its shareholders. Therefore, on January 11, 2021, the shareholders voted to authorize an increase in the Authorized Common Shares to 2,000,000,000 shares. On February 18, 2022, the authorized number of Common Shares were increased to 5 Billion from 2 Billion to increase the number of shares available for reserves. The increase was authorized by the Board and by a Majority of the outstanding shares of common stock, both by written consent.

Earnings (loss) per share calculation

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period

The computation of basic and diluted loss per share at June 30, 2022 and December 31, 2021 excludes the common stock equivalents from convertible debt of the following potentially dilutive securities because their inclusion would be anti-dilutive, and the share issue number is not calculable until conversion takes place.

Stock subscriptions executed under an earlier offering included a provision whereby ABCO agrees to pay a dividend (defined as interest) of from 6% to 12% of the total amount invested for a period of one year from receipt of the invested funds. This dividend (defined as interest) is allocated between the broker and the investor with amounts paid to the broker treated as a cost of the offering and netted against additional paid in capital and amounts paid to the investor treated as interest expense. Total amounts paid or accrued under this agreement and charged to additional paid-in capital for the six months ended June 30, 2022 and the year ended December 31, 2021, amounted to $0 and $0, respectively. The accrued balance due on this obligation to shareholders totals $49,900 at June 30, 2022 and $49,900 at December 31, 2021.

ABCO has evaluated these agreements under ASC 480-10: Certain Financial Instruments with Characteristics of both Liabilities and Equity and determined that the capital contributions made under these subscription agreement more closely resemble equity than liabilities as they can only be settled through the issuance of shares and although they have a stated cost associated with them which accrues in the same manner as interest, the cost is only incurred in the first twelve months after placement as is more closely associated with a cost of raising funds than interest expense.

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Subsequent Events

6 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 15 – Subsequent Events

There are no reportable events subsequent to the date of this report.

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Accounting Policies, by Policy (Policies)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. Intercompany transactions and balances have been eliminated. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the following to be critical accounting policies whose application have a material impact on our reported results of operations, and which involve a higher degree of complexity, as they require us to make judgments and estimates about matters that are inherently uncertain.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short term cash equivalents reported in these financial statements.

Property, Plant and Equipment, Policy [Policy Text Block]

Fixed Assets

Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on the straight-line basis according to IRS guidelines over the estimated useful lives of the assets, which range from three to ten years. Maintenance and repairs are charged to operations as incurred.

Revenue [Policy Text Block]

Revenue Recognition

The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last two fiscal years, the company had product sales as follows:

Sales Product and Services Description	JUNE 30, 2022				JUNE 30, 2021
Solar PV residential and commercial sales	$	645,751	66	%	$	635,381	82	%
Air conditioning sales and service		225,811	23	%		6,540	1	%
Energy efficient lighting & other income		110,848	11	%		126,374	17	%
Interest Income		142	-			104	-	%
Total revenue	$	982,552	100	%	$	768,399	100	%

The Company recognizes product revenue, net of sales discounts, returns and allowances. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred, and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable.

Our revenue recognition is recorded on the percentage of completion method for sales and installation revenue and on the accrual basis for fees and interest income. We recognize and record income when the customer has a legal obligation to pay. All our revenue streams are acknowledged by written contracts for any of the revenue we record. There are no differences between major classes of customers or customized orders. We record discounts, product returns, rebates and other related accounting issues in the normal business manner and experience very small number of adjustments to our written contractual sales. There are no post-delivery obligations because warranties are maintained by our suppliers. Our lease fees are earned by providing services to contractors for financing of solar systems. Normally we will acquire the promissory note (lease) on a leased system that will provide cash flow for up to 20 years. Interest is recorded on the books when earned on amortized leases.

Receivable [Policy Text Block]

Accounts Receivable and work-in-progress

The Company recognizes revenue upon delivery of product to customers and does not make bill-and-hold sales. Contracts spanning reporting periods are recorded on the percentage of completion method, based on the ratio of total costs to total estimated costs by project, for recognition of revenue and expenses. Accounts receivable includes fully completed and partially completed projects and partially billed statements for completed work and product delivery. The Company records a reserve for bad debts in the amount of 2% of earned accounts receivable. When the Company determines that an account is uncollectible, the account is written off against the reserve and the balance to expense. If the reserve is deemed to be inadequate after annual reviews, the reserve will be increased to an adequate level.

Inventory, Policy [Policy Text Block]

Inventory

The Company records inventory of construction supplies at cost using the first in first out method. After review of the inventory on an annual basis, the Company discounts all obsolete items to fair market value and has established a valuation reserve of 10% of the inventory at total cost to account for obsolescence. As of December 31, 2019 all inventory was written off resulting in balances at June 30, 2022 of $0 and at December 31, 2021 of $0.

Income Tax, Policy [Policy Text Block]

Income Taxes

The Company has net operating loss carryforwards as of June 30, 2022 totaling approximately $5,060,743 net of accrued derivative liabilities and stock-based compensation, which are assumed to be non-tax events. A deferred 21% tax benefit of approximately $1,062,756 has been offset by a valuation allowance of the same amount as its realization is not assured. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company’s ability to generate taxable income during future periods, which is not assured.

The Company files in the US only and is not subject to taxation in any foreign country. There are three open years for which the Internal Revenue Service can examine our tax returns so 2018, 2019 and 2020 are still open years and 2021 will replace 2018 when the tax return is filed.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Values of Financial Instruments

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. The Company evaluates derivatives based on level 3 indicators.

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments.

The Company measures assets and liabilities at fair value based on expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale date of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the current nature of these instruments. Debt approximates fair value based on interest rates available for similar financial arrangements. Derivative liabilities which have been bifurcated from host convertible debt agreements are presented at fair value. See note 11 for complete derivative and convertible debt disclosure.

Derivatives, Policy [Policy Text Block]

Derivative Financial Instruments

Fair value accounting requires bifurcation of embedded derivative instruments such as convertible features in convertible debts or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the binomial option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.

Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments, such as warrants, are also valued using the binomial option-pricing model.

Reclassification, Comparability Adjustment [Policy Text Block]

Prior Period Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation in this Report.

New Accounting Pronouncements, Policy [Policy Text Block]

Effects of Recently Issued Accounting Pronouncements

The Company has reviewed all recently issued accounting pronouncements and have determined the following have an effect on our financial statements:

Share-Based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 505 and ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. For employees, the Company recognizes compensation expense for share-based awards based on the estimated fair value of the award on the date of grant and the probable attainment of a specified performance condition or over a service period.

Earnings Per Share, Policy [Policy Text Block]

Per Share Computations

Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. All shares were considered anti-dilutive at June 30, 2022 and December 31, 2021. Potentially dilutive share issues are: 1) all unissued common shares sold, 2) all convertible debentures have a possibility of a large number of shares being issued and would result in a larger number of shares issued if the price remains low, 3) the preferred stock of the company held by insiders is convertible into common shares and the preferred stock is voted on a 20 to 1 basis, 4) all options issued. All of the above are potential dilutive items.

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Summary of significant accounting policies (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Revenue from External Customers by Products and Services [Table Text Block]

The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last two fiscal years, the company had product sales as follows:

Sales Product and Services Description	JUNE 30, 2022				JUNE 30, 2021
Solar PV residential and commercial sales	$	645,751	66	%	$	635,381	82	%
Air conditioning sales and service		225,811	23	%		6,540	1	%
Energy efficient lighting & other income		110,848	11	%		126,374	17	%
Interest Income		142	-			104	-	%
Total revenue	$	982,552	100	%	$	768,399	100	%

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Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2022

Accounts Receivable And Work In Process Table Abstract

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Accounts receivable as of June 30, 2022 and December 31, 2021 consists of the following:

Description	June 30, 2022		December 31, 2021
Accounts receivable on completed contracts	$	25,765	$	33,772
Costs and estimated earnings on contracts in progress		921,799		298,121
Total	$	947,564	$	331,893

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Fixed Assets (Tables)

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

The Company has acquired all its office and field work equipment with cash payments and financial institution loans. The total fixed assets consist of land and building, vehicles, office furniture, tools and various equipment items and the totals are as follows:

Asset	June 30, 2022		December 31, 2021
Land and Building	$	356,750	$	336,444
Equipment		147,982		163,634
Accumulated depreciation		-121,703		-121,187
Fixed Assets, net of accumulated depreciation	$	383,029	$	378,891

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Notes Payable to Related Parties (Tables)

6 Months Ended

Jun. 30, 2022

Related Party Transactions [Abstract]

Schedule of Related Party Transactions [Table Text Block]

Notes payable as of June 30, 2022 and December 31, 2021 consists of the following:

Description	June 30, 2022		December 31, 2021
Note payable – President bearing interest at 12% per annum, unsecured, demand note.		491,355		399,521
Accrued interest due on the officer’s note		106,559		83,258
Total	$	597,913	$	482,779

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Short Term Notes Payable (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Short-Term Debt [Table Text Block]

Description	June 30, 2022		December 31, 2021
Bill’ d Exchange, LLC, an equipment capital lender, initial financing August 2, 2019, finances equipment for commercial contracted customers in varying amounts	$	20,000	$	20,000
Institutional lender - cash advance		-		7,747
SBA loan		-		128,232
Former Director Demand Note		60,000		60,000
Interest Due to Former Director		54,076		50,465
Total	$	134,076	$	266,444

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Convertible debentures - net of discounts and fees. (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Convertible Debt [Table Text Block]

During the year ended December 31, 2021, the Company [partially] funded operations with borrowing on new convertible promissory notes. This table presents the positions on the notes as of June 30, 2022, and December 31, 2021.

Holder	Date of Loan		Loan amount		OID and discounts and fees		Interest rate			Balance June 30, 2022			Balance December 31, 2021
Power Up Lending Group Ltd		10-06-21		50,000	$	3,750		8	%		53,750			53,750
6th Street Lending LLC		11-10-21		35,000		3,750		12	%		38,750			38,750
6th Street Lending LLC		12-17-21		40,000		3,750		12	%		43,750			43,750
6th Street Lending, LLC		2-22-22		35,000		3,750		12	%		38,750			0
Oasis Capital		07-19-21		118,000		10,000		8	%		0			7,653
Derivative liability		12-31-21									301,724			99,034
Total convertible debt			$	278,000	$	25,000					476,724			242,937
Less Original issue discounts											(1,875	)		(9,127	)
Balances at 6-30-22 and 12-31-21										$	474,849		$	233,810

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table shows the change in the fair value of the derivative liabilities on all outstanding convertible debt at June 30, 2022 and at June 30, 2021:

Description	June 30, 2022			December 31, 2021
Purchase price of the convertible debenture - net of discount	$	136,250			7,653
Purchase during period		38,750			136,250
Total convertible debt		175,000			143,903
Valuation of derivative during prior period		99,034			99,034
Valuation of derivative during current period net of expenses		202,690			-
Balance of Original issue discount not amortized		(1,875	)		(9,127	)
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)	$	474,849		$	233,810
Derivative calculations and presentations on the Statement of Operations
Loss on note issuance	$	-		$	-
Change in Derivative (Gain) Loss		(202,690	)		-
Derivative Finance fees		-			(49,623	)
Gain (loss) on extinguishment of debt		-			-
Derivative expense charged to operations in 2022 and 2021 (See Consolidated Statement of Operations)	$	(202,690	)	$	(49,623	)

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Long term debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments [Table Text Block]

Holder	Date issued		Interest rate			Amount due June 30, 2022			Amount due December 31, 2021
Real Estate Note Allen-Neisen Family trust – Et. Al.		12-31-19		5.00	%	$	275,901		$	280,811
US Treasury SBA guaranteed loan		7-21-20		3.75	%		149,900			149,900
Ascentium Capital		10-1-18		13.00	%		423			2,417
Fredrick Donze		9-2-18		6.00	%		0			341
Charles O’Dowd – former officer loan		8-9-18		6.00	%		52,500			63,000
GMAC Chev truck		10-20-20		5.99	%		17,248			19,724
Mechanics Bank – Chev Truck		12-12-20		8.99	%		17,905			20,140
Total long-term debt							513,877			536,333
Less Current portion							(38,578	)		(40,808	)
Total long-term debt						$	475,299		$	495,525

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Stockholder's Deficit (Tables)

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Schedule of Debt Conversions [Table Text Block]

During the six months ended June 30, 2022 and the year ended December 31, 2021 the following shares were issued for debt conversions:

	Six Months Ended June 30, 2022				During the Year Ended December 31, 2021
Capital Company	Shares converted		Dollars converted		Shares converted		Dollars converted
PowerUp Lending		0		0		14,399,082	$	133,505
Oasis Capital		5,206,530		42,017		39,931,068		282,240
Total		5,206,530	$	42,017		54,330,150	$	415,745

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Overview and Description of the Company (Details) - shares					12 Months Ended
	Dec. 13, 2020	Dec. 23, 2018	Jan. 13, 2017	Jun. 30, 2011	Dec. 31, 2017	Jun. 30, 2022	Apr. 14, 2022	Feb. 18, 2022	Dec. 31, 2021	Jan. 11, 2021	Jan. 10, 2021	Jan. 04, 2021	Sep. 27, 2017	Dec. 31, 2014
Accounting Policies [Abstract]
Stockholders' Equity, Reverse Stock Split	1-for-170	1-for 20	1-for-10	1 for 23
Common Stock, Shares Authorized		5,000,000,000	50,000,000			5,000,000,000	5,000,000,000	5,000,000,000	5,000,000,000	2,000,000,000	29,411,765	2,000,000,000	2,000,000,000	500,000,000
Common Shares and Preferred Shares Authorized, Description					The Company held a Special Meeting of Stockholders in May 2017 which authorized an amendment to the Articles of Incorporation to increase the authorized common share capital to 2,000,000,000 common shares and 100,000,000 preferred shares.

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Summary of significant accounting policies (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Summary of significant accounting policies (Details) [Line Items]
Reserve for Bad Debts, Percentage of Accounts Receivable	2.00%
Inventory, Net	$ 0	$ 0
Operating Loss Carryforwards	$ 5,060,743
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	21.00%
Deferred Tax Assets, Valuation Allowance	$ 1,062,756
Minimum [Member]
Summary of significant accounting policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
Summary of significant accounting policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	10 years

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Summary of significant accounting policies (Details) - Schedule of Revenue from External Customers by Product or Service - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue from External Customer [Line Items]
Revenues	$ 689,319	$ 432,673	$ 982,552	$ 768,399
Revenues, Percentage			100.00%	100.00%
Solar PV Residential and Commercial Sales [Member]
Revenue from External Customer [Line Items]
Revenues			$ 645,751	$ 635,381
Revenues, Percentage			66.00%	82.00%
Air Conditioning Sales and Services [Member]
Revenue from External Customer [Line Items]
Revenues			$ 225,811	$ 6,540
Revenues, Percentage			23.00%	1.00%
ABCO LED and Energy Efficient Lighting [Member]
Revenue from External Customer [Line Items]
Revenues			$ 110,848	$ 126,374
Revenues, Percentage			11.00%	17.00%
Interest Income [Member]
Revenue from External Customer [Line Items]
Revenues			$ 142	$ 104
Revenues, Percentage			0.00%	0.00%

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Going Concern (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Income (Loss) Attributable to Parent	$ (49,183)	$ (93,701)	$ (208,164)	$ (49,183)
Net Cash Provided by (Used in) Operating Activities			(129,053)	$ (242,350)
Retained Earnings (Accumulated Deficit)			$ (7,962,806)		$ (7,754,642)

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Accounts Receivable (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Accounts Receivable And Work In Process Table Abstract
Billings in Excess of Cost	$ 785,930	$ 268,435

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Accounts Receivable (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Accounts Notes Loans And Financing Receivable Abstract
Accounts receivable on completed contracts	$ 25,765	$ 33,772
Costs and estimated earnings on contracts in progress	921,799	298,121
Total	$ 947,564	$ 331,893

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Inventory (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventory, Net	$ 0	$ 0

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Security deposits and Long Term Commitments (Details)	Jun. 30, 2022 ft² a
Security deposits and Long Term Commitments (Details) [Line Items]
Area of Land | a	0.5
Building [Member] | Tucson, Arizona [Member]
Security deposits and Long Term Commitments (Details) [Line Items]
Area of Real Estate Property | ft²	4,800

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Investment in long term leases (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Loans and Leases Receivable, Net Amount	$ 3,518	$ 3,641

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Fixed Assets (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($) ft²
Fixed Assets (Details) [Line Items]
Depreciation	$ 12,140	$ 11,673	$ 14,683
Debt Instrument, Face Amount			$ 278,000
Payments for Capital Improvements	$ 20,306
Mortgages [Member]
Fixed Assets (Details) [Line Items]
Debt Instrument, Face Amount				$ 300,000
Land and Building [Member]
Fixed Assets (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²				4,800
Debt Instrument, Face Amount				$ 25,000
Property, Plant and Equipment, Additions				325,000
Building [Member]
Fixed Assets (Details) [Line Items]
Property, Plant and Equipment, Additions				$ 1,400

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Fixed Assets (Details) - Schedule of Property, Plant and Equipment - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Accumulated depreciation	$ (121,703)	$ (121,187)
Fixed Assets, net of accumulated depreciation	383,029	378,891
Land and Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	356,750	336,444
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 147,982	$ 163,634

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Notes Payable to Related Parties (Details)	Jun. 30, 2022
Note Payable #2 [Member] | Officer [Member]
Notes Payable to Related Parties (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	12.00%

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Notes Payable to Related Parties (Details) - Schedule of Related Party Debt - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Notes Payable, Related Party	$ 597,913	$ 482,779
Accrued interest due on the officer’s note	106,559	83,258
Note Payable #3 [Member] | President [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Party	$ 491,355	$ 399,521

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Notes Payable to Related Parties (Details) - Schedule of Related Party Debt (Parentheticals)	Jun. 30, 2022	Dec. 31, 2021
Note Payable #3 [Member] | President [Member]
Related Party Transaction [Line Items]
Interest at	12.00%	12.00%

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Short Term Notes Payable (Details) - USD ($)			3 Months Ended
	Mar. 02, 2021	Dec. 31, 2019	Mar. 31, 2021	Jun. 30, 2022	Dec. 31, 2021	Feb. 24, 2021	Dec. 31, 2020	May 03, 2020
Bill'd Exchange, LLC [Member]
Short Term Notes Payable (Details) [Line Items]
Short-Term Debt	$ 20,000			$ 20,000	$ 20,000
Debt Instrument, Periodic Payment	$ 4,000
Pearl Delta Funding [Member]
Short Term Notes Payable (Details) [Line Items]
Short-Term Debt				20,000
Green Capital Funding [Member]
Short Term Notes Payable (Details) [Line Items]
Short-Term Debt				0	7,747		$ 11,748
Proceeds from Short-Term Debt		$ 25,000
Short-Term Debt, Percentage Bearing Fixed Interest Rate		36.00%
Debt Instrument, Face Amount		$ 35,250
PPP Loan [Member]
Short Term Notes Payable (Details) [Line Items]
Short-Term Debt				0	0
Debt Instrument, Face Amount								$ 123,999
Debt Instrument, Interest Rate, Stated Percentage								1.00%
Gain (Loss) on Extinguishment of Debt			$ 123,999
PPP Loan 2 [Member]
Short Term Notes Payable (Details) [Line Items]
Short-Term Debt				0	128,232
Debt Instrument, Face Amount						$ 128,232
Debt Instrument, Interest Rate, Stated Percentage						1.00%
Promissory Note [Member]
Short Term Notes Payable (Details) [Line Items]
Debt Instrument, Face Amount				$ 60,000
Debt Instrument, Interest Rate, Stated Percentage				12.00%
Interest Payable				$ 54,076	$ 50,465

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Short Term Notes Payable (Details) - Schedule of Short-term Debt - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Mar. 02, 2021
Short-Term Debt [Line Items]
Short term debt	$ 134,076	$ 266,444
Bill'd Exchange, LLC [Member]
Short-Term Debt [Line Items]
Short term debt	20,000	20,000	$ 20,000
Green Capital [Member]
Short-Term Debt [Line Items]
Short term debt	0	7,747
PPP Loan 2 [Member]
Short-Term Debt [Line Items]
Short term debt	0	128,232
Former Director Note [Member]
Short-Term Debt [Line Items]
Short term debt	60,000	60,000
Interest Payable to Former Director [Member]
Short-Term Debt [Line Items]
Short term debt	$ 54,076	$ 50,465

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Convertible debentures - net of discounts and fees. (Details) - USD ($)				2 Months Ended	6 Months Ended	12 Months Ended
	Mar. 29, 2021	Jan. 21, 2020	Sep. 01, 2018	Feb. 19, 2021	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2012
Oasis Note 1 [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Debt Instrument, Description			Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $5,000,000 of the Company’s common stock at a price equal to 85% of the market price at the time of purchase (“Put Shares”).
Debt Instrument, Face Amount			$ 5,000,000
Proceeds from Convertible Debt			$ 150,000
Debt Conversion, Original Debt, Amount							$ 59,692
Debt Conversion, Converted Instrument, Shares Issued (in Shares)							930,165,889
Convertible Debt					$ 0	$ 7,653	$ 3,264
Oasis Note 2 [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Debt Instrument, Face Amount		$ 208,000
Convertible Debt					0
Debt Instrument, Unamortized Discount		$ 16,000
Class of Warrant or Rights, Granted (in Shares)							2,100,000
Warrants and Rights Outstanding, Term							5 years
Warrant, Description of Exercise Price							exercisable at a conversion price of 120% of the closing price on the trading day prior to the funding date of the respective Tranche
Stock Issued During Period, Shares, Other (in Shares)		5,000,000
Stock Issued During Period, Value, Other		$ 14,500
Debt Instrument, Convertible, Terms of Conversion Feature		The 1/21/20 Note is convertible into common stock at a 35% discount to market
Oasis Note 2 [Member] | First Tranche [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Proceeds from Convertible Debt							$ 34,000
Oasis Note 2 [Member] | Second Tranche [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Proceeds from Convertible Debt							$ 85,000
Oasis Note 2 [Member] | Third Tranches [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Proceeds from Convertible Debt				$ 70,000
Power Up Lending Group, LLC [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Debt Instrument, Face Amount	$ 80,000
Debt Conversion, Original Debt, Amount					$ 0	$ 133,505
Debt Conversion, Converted Instrument, Shares Issued (in Shares)					0	14,399,082
Convertible Debt					$ 0			$ 0
Debt Instrument, Unamortized Discount	7,500
Repayments of Debt	22,000
Extinguishment of Debt, Gain (Loss), Net of Tax	26,446
Power Up Lending Group, LLC [Member] | Knight Capital Funding, LLC [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Repayments of Debt	$ 36,998
Power Up Lending Group, LLC [Member] | Commitment Shares [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)	373,333
Power Up Lending Group, LLC [Member] | Security Shares [Member]
Convertible debentures - net of discounts and fees. (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)	746,667

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Convertible debentures - net of discounts and fees. (Details) - Convertible Debt - USD ($)	12 Months Ended
	Dec. 31, 2021	Jun. 30, 2022
Convertible debentures - net of discounts and fees. (Details) - Convertible Debt [Line Items]
Loan amount	$ 278,000
OID and discounts and fees	25,000
Balance	242,937	$ 476,724
Balance	$ 233,810	474,849
Convertible Debt [Member]
Convertible debentures - net of discounts and fees. (Details) - Convertible Debt [Line Items]
Date of Loan	Dec. 31, 2021
Balance	$ 99,034	301,724
Less Original issue discounts	$ (9,127)	(1,875)
Power Up Lending Group, LTD #4 [Member]
Convertible debentures - net of discounts and fees. (Details) - Convertible Debt [Line Items]
Date of Loan	Oct. 06, 2021
Loan amount	$ 50,000
OID and discounts and fees	$ 3,750
Interest rate	8.00%
Balance	$ 53,750	53,750
Street 6th Lending LLC 1 [Member]
Convertible debentures - net of discounts and fees. (Details) - Convertible Debt [Line Items]
Date of Loan	Nov. 10, 2021
Loan amount	$ 35,000
OID and discounts and fees	$ 3,750
Interest rate	12.00%
Balance	$ 38,750	38,750
6th Street Lending LLC 2 [Member]
Convertible debentures - net of discounts and fees. (Details) - Convertible Debt [Line Items]
Date of Loan	Dec. 17, 2021
Loan amount	$ 40,000
OID and discounts and fees	$ 3,750
Interest rate	12.00%
Balance	$ 43,750	43,750
6th Street Lending LLC 3 [Member]
Convertible debentures - net of discounts and fees. (Details) - Convertible Debt [Line Items]
Date of Loan	Feb. 22, 2022
Loan amount	$ 35,000
OID and discounts and fees	$ 3,750
Interest rate	12.00%
Balance	$ 0	38,750
Oasis Note 3 [Member]
Convertible debentures - net of discounts and fees. (Details) - Convertible Debt [Line Items]
Date of Loan	Jul. 19, 2021
Loan amount	$ 118,000
OID and discounts and fees	$ 10,000
Interest rate	8.00%
Balance	$ 7,653	$ 0

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Fair Value Measurements (Details) - Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation - Embedded Derivative Financial Instruments [Member] - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total convertible debt	$ 175,000	$ 143,903
Valuation of derivative	99,034	99,034
Balance of Original issue discount not amortized	(1,875)	(9,127)
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)	474,849	233,810
Derivative calculations and presentations on the Statement of Operations
Loss on note issuance	0	0
Change in Derivative (Gain) Loss	(202,690)	0
Derivative Finance fees	0	(49,623)
Gain (loss) on extinguishment of debt	0	0
Derivative expense charged to operations in 2022 and 2021 (See Consolidated Statement of Operations)	(202,690)	(49,623)
Purchase price of convertible debenture- net of discount [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total convertible debt	136,250	7,653
Purchases during period [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total convertible debt	38,750	136,250
Valuation of derivative during period net of expenses [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation of derivative	$ 202,690	$ 0

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Long term debt (Details)				6 Months Ended
	Jul. 21, 2020 USD ($)	Dec. 31, 2019 USD ($) ft²	Sep. 02, 2018 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Long term debt (Details) [Line Items]
Debt Instrument, Face Amount					$ 278,000
DR. Fred Air Conditioning [Member]
Long term debt (Details) [Line Items]
Business Combination, Consideration Transferred			$ 22,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			$ 15,000
Real Estate Note Allen-Neisen Family Trust [Member]
Long term debt (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²		4,800
Property, Plant and Equipment, Additions		$ 325,000
Payments to Acquire Property, Plant, and Equipment		25,000
Debt Instrument, Face Amount		$ 300,000
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Instrument, Periodic Payment		$ 1,980
Notes and Loans Payable				$ 275,901	280,811
SBA Loan [Member]
Long term debt (Details) [Line Items]
Debt Instrument, Face Amount	$ 150,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Instrument, Periodic Payment	$ 731
Notes and Loans Payable				149,900	149,900
Debt Instrument, Description	Each payment will be applied first to interest accrued to the date of receipt of each payment, and the balance, if any, will be applied to principal. For loan amounts of greater than $25,000, Borrower hereby grants to SBA, the secured party hereunder, a continuing security interest in and to any and all “Collateral” as described herein to secure payment and performance of all debts, liabilities and obligations of Borrower to SBA hereunder without limitation, including but not limited to all interest, other fees and expenses (all hereinafter called “Obligations”).
Interest Payable				11,236	$ 5,624
Ascentium Capital [Member]
Long term debt (Details) [Line Items]
Repayments of Debt				435
Fredrick Donze [Member]
Long term debt (Details) [Line Items]
Repayments of Debt				$ 212

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Long term debt (Details) - Schedule of Long-term Debt Instruments - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2019
Debt Instrument [Line Items]
Long term debt, Amount due		$ 536,333
Less Current portion	$ (38,578)	(40,808)
Total long-term debt	475,299	495,525
Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Amount due	513,877
Less Current portion	(38,578)
Total long-term debt	$ 475,299
Real Estate Note Allen-Neisen Family Trust [Member]
Debt Instrument [Line Items]
Long term debt, Interest rate			5.00%
Long term debt, Amount due		280,811
Real Estate Note Allen-Neisen Family Trust [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Dec. 31, 2019
Long term debt, Interest rate	5.00%
Long term debt, Amount due	$ 275,901
SBA Payroll Loan EIDL [Member]
Debt Instrument [Line Items]
Long term debt, Amount due		149,900
SBA Payroll Loan EIDL [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Jul. 21, 2020
Long term debt, Interest rate	3.75%
Long term debt, Amount due	$ 149,900
Ascentium Capital [Member]
Debt Instrument [Line Items]
Long term debt, Amount due		2,417
Ascentium Capital [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Oct. 01, 2018
Long term debt, Interest rate	13.00%
Long term debt, Amount due	$ 423
Fredrick Donze [Member]
Debt Instrument [Line Items]
Long term debt, Amount due		341
Fredrick Donze [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Sep. 02, 2018
Long term debt, Interest rate	6.00%
Long term debt, Amount due	$ 0
Debt with Charles O’Dowd (officer) [Member]
Debt Instrument [Line Items]
Long term debt, Amount due		63,000
Debt with Charles O’Dowd (officer) [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Aug. 09, 2018
Long term debt, Interest rate	6.00%
Long term debt, Amount due	$ 52,500
GMAC [Member]
Debt Instrument [Line Items]
Long term debt, Amount due		19,724
GMAC [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Oct. 20, 2020
Long term debt, Interest rate	5.99%
Long term debt, Amount due	$ 17,248
Mechanics Bank [Member]
Debt Instrument [Line Items]
Long term debt, Amount due		$ 20,140
Mechanics Bank [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Dec. 12, 2020
Long term debt, Interest rate	8.99%
Long term debt, Amount due	$ 17,905

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Stockholder's Deficit (Details) - USD ($)			3 Months Ended	6 Months Ended	12 Months Ended
	Sep. 28, 2018	Sep. 15, 2018	Mar. 31, 2021	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2018	Apr. 14, 2022	Feb. 18, 2022	Jan. 11, 2021	Jan. 10, 2021	Jan. 04, 2021	Dec. 23, 2018	Sep. 27, 2017	Jan. 13, 2017	Dec. 31, 2014
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Value, New Issues (in Dollars)			$ 60,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)				$ 0.001	$ 0.001
Preferred Stock, Conversion Basis		The holders of the Preferred are also entitled to an additional 8,823,930 common shares upon conversion of the Preferred Stock.
Common Stock, Shares Authorized				5,000,000,000	5,000,000,000		5,000,000,000	5,000,000,000	2,000,000,000	29,411,765	2,000,000,000	5,000,000,000	2,000,000,000	50,000,000	500,000,000
Dividends, Preferred Stock (in Dollars)				$ 0	$ 0
Dividends Payable (in Dollars)				$ 49,900	$ 49,900
Minimum [Member]
Stockholder's Deficit (Details) [Line Items]
Preferred Stock, Dividend Rate, Percentage						6.00%
Maximum [Member]
Stockholder's Deficit (Details) [Line Items]
Preferred Stock, Dividend Rate, Percentage						12.00%
Convertible Preferred Stock [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		15,000,000
Stock Issued During Period, Value, New Issues (in Dollars)	$ 30,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)		$ 0.001
Preferred Stock, Voting Rights		each has 200 votes for each Preferred share held by of record
Convertible Preferred Stock [Member] | Delivered to Each Consultant [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		8,000,000
Series B Preferred Stock [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Value, New Issues (in Dollars)		$ 15,000
Series B Preferred Stock [Member] | Delivered to Consultant [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		30,000,000
Officer and Director [Member] | Series B Preferred Stock [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		30,000,000
Chief Executive Officer [Member] | Convertible Preferred Stock [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		12,000,000
Director [Member] | Convertible Preferred Stock [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		2,000,000

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Stockholder's Deficit (Details) - Schedule of Debt Conversions - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Convertible Debt [Member]
Debt Conversion [Line Items]
Shares converted	5,206,530	54,330,150
Dollars converted	$ 42,017	$ 415,745
Power Up Lending Group, LLC [Member]
Debt Conversion [Line Items]
Shares converted	0	14,399,082
Dollars converted	$ 0	$ 133,505
Oasis Capital, LLC [Member]
Debt Conversion [Line Items]
Shares converted	5,206,530	39,931,068
Dollars converted	$ 42,017	$ 282,240