10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended: June 30, 2022

Or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from ___________ to____________

Commission File Number: 000-52490

Beyond Commerce, Inc.

(Exact name of registrant as specified in its charter)

Nevada	98-0512515
(State or Other Jurisdiction of	(I.R.S. Employer
Incorporation or Organization)	Identification No.)

3773 Howard Hughes Pkwy, Suite 500

Las Vegas, Nevada 89169

(Address of Principal Executive Offices)

(702) 675-8022

(Registrant’s telephone number, including area code)

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

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirement for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically a 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 definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 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 in Rule 12(b)-2 of the Exchange Act). Yes ☐     No ☒

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. At August 8, 2022, the registrant had 16,400,026,956 shares of common stock outstanding. 

Table of Contents

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)	3
ITEM 5. OTHER INFORMATION.	9
ITEM 6. EXHIBITS.	10
SIGNATURES	11

2

PART 1. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

Beyond Commerce, Inc.

UNAUDITED CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS

FOR THE THREE- AND SIX-MONTH PERIODS ENDED

June 30, 2022 & 2021

3

BEYOND COMMERCE, INC.

TABLE OF CONTENTS

	Page
CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2022 & DECEMBER 31, 2021 (Unaudited)	F-2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE-AND SIX-MONTH PERIODS ENDED JUNE 30, 2022 & 2021 (Unaudited)	F-3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2022 & 2021 (Unaudited)	F-4
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2022 & 2021 (Unaudited)	F-5
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)	F-6

F-1

BEYOND COMMERCE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	June 30,			December 31,
	2022			2021
ASSETS
Current assets:
Cash & cash equivalents	$	735,584		$	570,349
Accounts receivable, net		1,114,371			971,095
Other current assets		62,260			65,903
Total current assets		1,912,215			1,607,347
Operating Lease of right use asset		38,242			59,017
Property, equipment, and software - net		16,347			23,980
Investments		300,000			250,000
Intangible asset - net		1,816,533			1,987,216
Goodwill		1,299,144			1,299,144
Total assets:	$	5,382,481			5,226,704
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	441,434		$	490,654
Operating Lease Liability, current		43,340			47,731
Accrued Interest		1,273,821			1,002,410
Accrued Payroll & related items		161,940			110,165
Derivative liability		545,293			532,384
Short-term borrowings – net of discount		2,781,428			1,731,428
Short-term borrowings- related party		1,350,000			1,500,000
Total current liabilities		6,597,256			5,414,772
Long-term borrowings – net of discount		3,076,547			3,058,828
Operating lease liability, noncurrent		-			18,690
Total liabilities		9,673,803			8,492,290
Commitments and Contingencies		-			-
Stockholders’ Deficit:
Preferred stock series A, $0.001 par value of 250 shares authorized and 249.999  shares issued and outstanding, respectively.		-			-
Preferred stock series B, $0.001 par value of 51 shares authorized and 51 shares issued and outstanding, respectively,		-			-
Preferred Stock series C, $0.001 par value of 50,000,000 authorized and 687,760 and 842,002 shares issued and outstanding, respectively,		688			842
Common stock, $0.001 par value, 30,000,000,000 shares authorized, 15,608,276,956 and 13,390,287,415 issued and outstanding, respectively,		15,608,277			13,390,287
Additional paid in capital		49,108,880			51,073,155
Accumulated deficit		(69,078,721	)		(67,808,598	)
Deficit attributable to Beyond Commerce, Inc stockholder		(4,360,876	)		(3,344,314	)
Equity attributable to noncontrolling interest		69,554			78,728
Total stockholders' deficit		(4,291,322	)		(3,265,586	)
Total liabilities and stockholders' deficit	$	5,382,481		$	5,226,704

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-2

BEYOND COMMERCE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE & SIX-MONTH ENDED JUNE 30,

(unaudited)

	For the three months ended June 30, 2022			For the three months ended June 30, 2021			For the six months ended June 30, 2022			For the six months ended June 30, 2021
Revenues	$	1,038,092		$	1,120,599		$	2,047,500		$	2,234,118
Operating expenses
Cost of revenue		318,439			342,068			604,558			721,064
Selling, general and administrative		195,928			179,834			377,745			384,063
Payroll expense		632,972			780,722			1,407,199			1,503,130
Professional Fees		190,739			578,883			413,539			776,177
Depreciation and amortization		82,326			95,989			178,316			210,821
Total operating expenses		1,420,404			1,977,496			2,981,357			3,595,255
Loss from operations		(382,312	)		(856,897	)		(933,857	)		(1,361,137	)
Non-operating income (expense)
Interest expense		(191,350	)		(118,051	)		(339,012	)		(267,117	)
Amortization of debt discount		-			(26,562	)		-			(53,124	)
Derivative related expenses		-			(7,039	)		-			(2,944,750	)
Change in derivative liability		(60,727	)		(26,875	)		(12,909	)		731,354
Gain on forgiveness of PPP loan		-			505,111			-			505,111
Gain (loss) on extinguishment of debt		6,481			(521,004	)		6,481			(3,956,699	)
Total non-operating income (expense)		(245,596	)		(194,420	)		(345,440	)		(5,985,225	)
Loss from continuing operations before income tax		(627,908	)		(1,051,317	)		(1,279,297	)		(7,346,362	)
Provision for income tax		-			-			-			-
Consolidated net loss		(627,908	)	$	(1,051,317	)	$	(1,279,297	)	$	(7,346,362	)
Noncontrolling interest	$	(4,589	)	$	(4,181	)	$	(9,174	)	$	(9,117	)
Net Loss	$	(623,321	)	$	(1,047,136	)	$	(1,270,123	)	$	(7,337,245	)
Net income (loss) per common share-basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average shares of capital outstanding (basic and diluted)		15,589,961,938			5,604,768,785			14,834,207,405			4,850,306,210

The accompanying notes are an integral part of these condensed consolidated financial statements.

F-3

BEYOND COMMERCE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX-MONTH PERIODS ENDED JUNE 30,

(Unaudited)

	2022			2021
Net loss	$	(1,279,297	)	$	(7,346,362	)
Cash flows from operating activities:
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued for services		53,561			43,950
Loss on derivative		-			2,944,749
Amortization of debt discount		17,719			53,124
Depreciation and amortization		178,316			210,822
Loss on extinguishment of debt		-			3,956,699
Gain on forgiveness of PPP loan		-			(505,111	)
Interest expense – original interest discount		50,000			-
Change in derivative liability		12,909			(731,354	)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable		(143,276	)		80,106
(Increase) decrease in other current assets		24,418			(34,023	)
Increase (decrease) in accounts payable		(49,220	)		(207,455	)
Increase (decrease) in payroll liabilities		51,775			(21,603	)
Increase (decrease) in other current liabilities		248,330			240,585
Net cash provided by (used in) in operating activities.	$	(834,765	)	$	(1,315,873	)
Cash flows from investing activities:
Cash flows from financing activities:
Cash receipts from note payable		1,000,000			775,000
Proceeds from sale of preferred stock Series C		-			1,000,000
Payment on note payable		-			(72,659	)
Net cash provided by financing activities	$	1,000,000			1,702,341
Net increase (decrease) in cash and cash equivalents		165,235			386,468
Cash and cash equivalents, beginning balance		570,349			84,262
Cash and cash equivalents, ending balance	$	735,584		$	470,730
Supplemental Disclosure of Cash Flow Information:
Cash Paid For:
Interest	$	-		$	8,462
Income taxes	$	-		$	-
Summary of Non-Cash Investing and Financing Information:
Stock issued for conversion of debt	$	150,000		$	943,289
Stock issued for conversion of Series C preferred stock	$	1,542,420		$	1,230,000
Stock issued in escrow for Letter of Intent	$	50,000		$	-

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-4

BEYOND COMMERCE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN

STOCKHOLDERS’ DEFICIT

(Unaudited)

	Preferred Stock A				Preferred Stock B				Preferred Stock C						Common Stock				Additional						Non			Total
	Shares		Par Value		Shares		Par Value		Shares			Par Value			Shares		Par Value		Paid in Capital			Accumulated Deficit			Controlling Interest			Stockholders’ Deficit
Balance Year December 31, 2020		249.9999	$	-		33	$	-		-		$	-			3,410,355,200	$	3,410,355	$	50,263,645		$	(58,645,834	)	$	97,018		$	(4,874,816	)
Common stock issued for debt conversion																943,288,342		943,288											943,288
Preferred Series C issued										10,000			10							999,990									1,000,000
Preferred Series B issuance						3														43,950									43,950
Extinguishment of Debt										1,556,905			1,557			598,048,320		598,048		2,836,090									3,435,695
Extinguishment of derivative liabilities on conversion																				2,958,547									2,958,547
Net loss																							(6,290,109	)		(4,936	)		(6,295,045	)
Balance March 31, 2021		249.9999	$	-		36	$	-		1,566,905		$	1,567			4,951,691,862	$	4,951,691	$	57,102,222		$	(64,935,943	)	$	92,082		$	(2,788,381	)
Common stock issued for conversion of preferred stock series C										(123,000	)		(123	)		1,230,000,000		1,230,000		(1,229,877	)								-
Net Loss																							(1,047,136	)		(4,181	)		(1,051,317	)
Balance June 30, 2021		249.9999			$	36			$	1,443,905		$	1,444			6,181,691,862	$	6,181,692	$	55,872,345		$	(65,983,079	)	$	87,901		$	(3,839,697	)
Balance Year December 31, 2021		249.9999	$	-		51	$	-		842,002		$	842			13,390,287,415	$	13,390,287	$	51,073,155		$	(67,808,598	)	$	78,728		$	(3,265,586	)
Common Stock issued for employment agreement																133,902,874		133,903		(80,342	)								53,561
Common stock issued for conversion of preferred stock series C										(154,242	)		(154	)		1,542,420,000		1,542,420		(1,542,266	)								-
Common stock issued for debt conversion																375,000,000		375,000		(225,000	)								150,000
Net loss																							(646,802	)		(4,587	)		(651,389	)
Balance March 31, 2022		249.9999	$	-		51	$	-		687,760		$	688			15,441,610,289	$	15,441,610	$	49,225,547		$	(68,455,400	)	$	74,141		$	(3,713,414	)
Common Stock issued for Letter of Intent																166,666,667		166,667		(116,667	)								50,000
Net Loss																							(623,321	)		(4,587	)		(627,908	)
Balance June 30, 2022		249.9999	$	-		51	$	-		687,760		$	688			15,608,276,956	$	15,608,277	$	49,108,880		$	(69,078,721	)	$	69,554		$	(4,291,322	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-5

BEYOND COMMERCE, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

UNAUDITED

June 30, 2022

 NOTE 1.  DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Beyond Commerce, Inc. (the “Company”, “we” and “our”), has a planned business objective to develop, acquire, and deploy disruptive strategic software technology and market-changing business models through selling our own products and the acquisitions of existing companies. The Company currently owns and operates a data company and is actively seeking acquisition opportunities in high growth sectors such as psychedelics, cryptocurrency, ESports and Logistics among others.

Basis of Presentation

The condensed consolidated financial statements and the notes thereto for the periods ended June 30, 2022 and 2021 included herein include the accounts of the Company, its wholly-owned subsidiary Service 800 Inc., and Customer Centered Strategies, LLC (“CCS”), which the Company has an 80% investment interest.

The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. All significant intercompany accounts and transactions have been eliminated in consolidation. Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”).

NOTE 2. SELECTED ACCOUNTING POLICIES

Interim Financial Statements

These unaudited condensed consolidated financial statements as of and for the three (3) and six (6) months ended June 30, 2022 and 2021, respectively, reflect all adjustments including normal recurring adjustments, which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows for the periods presented in accordance with the accounting principles generally accepted in the United States of America.

These interim unaudited condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the years ended December 31, 2021 and 2020, respectively, which are included in the Company’s December 31, 2021 Annual Report on Form 10-K filed with the United States Securities and Exchange Commission on March 31, 2022. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited consolidated financial statements for the preceding period, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The results of operations for the three (3) and six (6) months ended June 30, 2022 are not necessarily indicative of results for the entire year ending December 31, 2022.

Use of Estimates

The preparation of consolidated financial statements and accompanying notes in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Estimates are used in the determination of depreciation and amortization and the valuation for non-cash issuances of equity instruments, income taxes, and contingencies, among others. Actual results could differ materially from these estimates.

F-6

Fair Value Measurements

	June 30, 2022 Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Liabilities
Derivative Liabilities	$	-	$	-	$	545,293	$	545,293
Total	$	-	$	-	$	545,293	$	545,293

	December 31, 2021 Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Liabilities
Derivative Liabilities	$	-	$	-	$	532,384	$	532,384
Total	$	-	$	-	$	532,384	$	532,384

Derivative liability as of December 31, 2021	$	532,384
Change in derivative liability during the period		12,909
Balance at June 30, 2022	$	545,293

Management considers all of its derivative liabilities to be Level 3 liabilities.

Revenue Recognition

The Company recognizes revenue in accordance with FASB ASC Subtopic 606-10, Revenue Recognition. We recognize revenue as we transfer control of deliverables (products, solutions and services) to our customers in an amount reflecting the consideration to which we expect to be entitled. To recognize revenue, we apply the following five step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied. We account for a contract based on the terms and conditions the parties agree to, the contract has commercial substance and collectability of consideration is probable. The Company applies judgment in determining the customer’s ability and intention to pay, which is based on a variety of factors including the customer’s historical payment experience.

The majority of the Company’s revenue is generated by the completion of a survey. Revenue is recognized and customers are billed at the point in time a survey occurs or when a related service is complete. The Company may require a deposit from new customers for set up costs or as down payments. These amounts are not significant to the financial statements.

Valuation of Derivative Instruments

ASC 815 “Derivatives and Hedging” requires that embedded derivative instruments be bifurcated and assessed, along with free-standing derivative instruments such as warrants, on their issuance date and measured at their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the Black-Scholes option pricing formula. Upon conversion of a note where the embedded conversion option has been bifurcated and accounted for as a derivative liability, the Company records the shares at fair value, relieves all related notes, derivatives and debt discounts, and recognizes a net gain or loss on debt extinguishment.

F-7

Management used the following inputs to value the Derivative Liabilities for the six months ended June 30, 2022:

	June 30, 2022 Derivative Liability
Expected term	1 year
Exercise price	$	0.00008
Expected volatility		270	%
Expected dividends	None
Risk-free rate		2.80	%

Recent Accounting Pronouncements

The Company reviews all of the Financial Accounting Standard Board’s updates periodically to ensure the Company’s compliance of its accounting policies and disclosure requirements to the Codification Topics.

In August 2020, the Financial Accounting Standards Board (“FASB”) issued a new standard (ASU 2020-06) to reduce the complexity of accounting for convertible debt and other equity-linked instruments. The ASU simplifies accounting for convertible instruments by removing major separation models required under current Generally Accepted Accounting Principles (GAAP). Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas. As a result, the new standard may affect net income and EPS, and therefore performance measures, and increase debt levels which may impact debt covenant compliance.

ASU 2020-06 is effective for public business entities that meet the definition of a Securities and Exchange Commission (SEC) filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the standard will be effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption will be permitted.

The Company will continue to monitor these emerging issues to assess any potential future impact on its financial statements. The Company has taken the position that any future standards will not be disclosed to the extent they are not material to our operations.

NOTE 3. GOING CONCERN

The Company’s financial statements are prepared using GAAP, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. Because of recent events, the Company cannot state with certainty of its ability to continue as a going concern. The accompanying consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

The Company has suffered losses from operations and has a working capital deficit, and negative cash flows from operations which raise substantial doubt about its ability to continue as a going concern. Management is taking steps to raise additional funds to address its operating and financial cash requirements to continue operations in the next twelve months. Management has devoted a significant amount of time in attempting to raise capital from additional debt and equity financing. Due to its nominal revenues, the Company’s ability to continue as a going concern is dependent upon raising additional funds through debt and equity financing and generating revenue, including through the acquisition of Service 800 and CCS or through a merger transaction with a well-capitalized entity. There are no assurances the Company will receive the necessary funding or generate revenue necessary to fund operations. If we are unable to obtain additional funds, or if the funds cannot be obtained on terms favorable to us, we will be required to delay, scale back or eliminate our plans to continue to develop and expand our operations or in the extreme situation, cease operations altogether.

F-8

NOTE 4. INVESTMENTS

On November 23, 2021, the Company entered into a simple agreement for future equity (the “SAFE”) with Cityfreighter, Inc. (“Cityfreighter”), pursuant to which the Company invested $250,000 (the “Purchase Amount”). Cityfreighter is a California based developer of electric low-floor trucks for the last mile delivery industry. Beyond Commerce received customary representations and warranties from Cityfreighter. The SAFE provides the Company with the right to either (a) future equity in Cityfreighter when it completes an Equity Financing (as defined below), or (b) future equity in Cityfreighter or cash proceeds if there is a liquidity or dissolution event.

On December 2, 2021 the Company executed a binding Letter of Intent (“LOI”) with Elettricars (of Italy) to attain the exclusive U.S. rights to its low-speed electric vehicle (“LSEV”). Elettricars is focused on manufacturing and commercializing a low-speed electric vehicle (“LSEV”), a 4-wheeled motor vehicle, not an ATV, with a top speed of 25 mph and weighs less than 3,000 lbs. The Company paid Elettricars an initial payment in the amount of $50,000 in connection with the execution of a Definitive Agreement, which was being held in escrow. During the first quarter the parties determined not to proceed with the transaction and the $50,000 in escrow was returned to the Company.

On April 8, 2022, the Company executed a binding Letter of Intent (“LOI”) with Electric Built, Inc., headquartered in Inglewood, California. The acquisition will provide the Company exclusive access to Electric Built’s commercial business know-how, intellectual property, and business relationships and operations in electric vehicle fleet service. The Company paid Electric Built an initial payment in the amount of $50,000 in shares of restricted common stock of Beyond Commerce in connection with the execution of a Definitive Agreement, which shares are being held in escrow. If the closing has not occurred prior to the termination date in the Definitive Agreement, Electric Built shall release such shares and return to the shares to the Company.

NOTE 5. SHORT- AND LONG-TERM BORROWINGS

Short-term and Long-term borrowings, consist of the following:	June 30,		December 31,
Short term debt;	2022		2021
Convertible Promissory Notes, bearing an annual interest rate of 24% secured, past due	$	112,259	$	112,259
Short-Term Note – Jean Mork Bredeson cash deficit holdback, 15%, past due		210,000		210,000
Short-Term Note – Jean Mork Bredeson purchase allocation, 15%, past due		1,409,169		1,409,169
Promissory Note – bearing annual interest rate of 3.25%		1,200,000		-
Convertible promissory note, related party interest rate 2.0%		1,350,000		1,500,000
Total short-term debt	$	4,281,428	$	3,231,428

Long term debt;
Funding from the SBA Program, annual interest of 3.75%, due 03/30/2051		150,000		150,000
Promissory Note – Jean Mork Bredeson, interest rate 5.5%, due 2/28/2022, past due		2,100,000		2,100,000
Senior Secured Redeemable Debenture, bearing an annual interest rate of 16%, due 12/31/2021, long term, past due		826,547		826,547
Total short-term and long-term borrowings, before debt discount		7,357,975		6,307,975
Less debt discount		150,000		(17,719	)
Total short-term and long-term borrowings, net	$	7,207,975	$	6,290,256
Short-term and Long-term borrowings, consist of the following:
Short-term borrowings – net of discount	$	4,131,438	$	3,231,428
Long-term borrowings – net of discount		3,076,547		3,058,828
Total Short-Term and long term borrowings – net of discount	$	7,207,975	$	6,290,256

F-9

On November 27, 2018, the Company received funding in conjunction with a convertible promissory note and a security purchase agreement dated November 27, 2018, in the amount of $250,000. The lender was Auctus Fund LLC. The notes have a maturity of August 27, 2019 and interest rate of 12% per annum and are convertible at a price of 60% of the lowest trading price on the primary trading market on which the Company’s Common Stock is then listed for the twenty-five (25) trading days immediately prior to conversion. Additionally, if the stock price falls below par value, additional shares will be issued at the lower conversion rate so that stocks continue to be issued at par value. The note may be prepaid but carries a penalty in association with the remittance amount, as there is an accretion component to satisfy the note with cash. The Company is currently negotiating an extension with the noteholder as it is currently past due. As a result of a default provision, the interest rate has increased to 24% and additional principal was added in the amount of $15,000. As of June 30, 2022, the outstanding balance is $112,259.

Effective February 28, 2019 as a component of the closing of the business combination between Beyond Commerce, Inc. and Service 800, Jean Mork Bredeson, Founder and President of Service 800, the Company issued a $2,100,000 three-year 5.5% promissory note to Ms. Bredeson. Interest only payments are required during the first year of the note. The $2,100,000 promissory note is personally guaranteed by the estate of George Pursglove whose executor is Geordan Pursglove, the Company’s President and CEO.

As a component of the Service 800 transaction, in lieu of the entire cash payment of $2,100,000 being made to Ms. Bredeson, a $210,000 amount was to be withheld until May 30, 2019 and continues to be outstanding. This note does not carry any interest obligations. Also, as all cash and accounts receivables at the effective date of the closing were to be retained by Ms. Bredeson, this allocation of cash is to be distributed quarterly on a non interest basis as true-ups are derived, which amounted to $1,409,169 as of June 30, 2022 and December 31 2021, respectively. Although holdbacks did not initially include interest obligations, we agreed to begin accruing interest at 15% in October 2019.

On March 30, 2021 the Company through its Service 800 Inc. subsidiary, received $150,000 in funding in conjunction with a promissory note under the SBA Loan Program. Borrower will be obligated to repay to the Bank the total outstanding balance remaining due under the Loan, including principal and interest. This loan is a 30-year term note, bearing 3.75% interest due March 30, 2051. Installment payments, including principal and interest, of $731 monthly, will begin September 1. 2023.

On July 19, 2021, the Company issued a convertible promissory note (the “Note”) in favor of Geordan G. Pursglove, the Company’s Chairman and Chief Executive Officer, in the principal amount of $1,500,000, in satisfaction of Mr. Pursglove’s accrued salary owing of $1,239,800 and recognized a $260,200 loss on extinguishment of debt. The Note accrues interest at 2% per annum, with the principal and interest payments due in twelve equal monthly installments. At the holder’s election, the Note is convertible into shares of the Company’s common stock, at a price per share equal to 100% of the average closing price of the Company’s common stock for the five trading days immediately preceding the date of such conversion (the “Conversion Price”). The cash maturity date is July 19, 2022. There was a conversion of $150,000 in Quarter one, which can be referred to in Note 6.

On April 1, 2022, the “Company entered into a promissory note (the “Note”) in favor of Discover Growth Fund, LLC (the “Discover”), in the aggregate principal amount of $1,200,000 for which the Company received $1,000,000 in cash, reflecting an original issuance discount of 20%, with repayment to be made not later than April 1, 2023. Pursuant to the Note, at any time and from time to time Discover may, in its sole discretion, subject to certain ownership limitations, convert all or any portion of the then outstanding balance of the Note into shares of the common stock of the Company at a price per share equal to the closing bid price on March 31, 2022 of $0.0003. The Company recorded a debt discount of $200,000 for the original issue discount amortizable over the succeeding twelve months in accordance with ASC 835-30-45. Interest expense of $50,000 was recorded for the three and six months ended June 30, 2022.

NOTE 6. COMMON STOCK AND PREFERRED STOCK

Common Stock

As of June 30, 2022, our authorized capital stock consisted of 30,000,000,000 shares of common stock, par value $0.001 per share.

F-10

During the six months ended, June 30, 2022, the Company issued 375,000,000 shares valued at $150,000 at a price per share of $0.0004 for the conversion of certain debt and accrued interest into shares of our stock and extinguishment of debt. Additionally, the Company issued 1,542,420,000 shares valued at $1,542,420 at a price per share of $0.001 for the conversion of Series C Preferred Stock and issued 133,902,874 shares valued at $53,561 at a price per share of $0.0004 as part of the Company’s employment agreement with the Chief Financial Officer, Peter Stazzone.

On April 8, 2022, the Company executed a binding Letter of Intent (“LOI”) with Electric Built, Inc. The Company paid Electric Built an initial payment in the amount of 166,666,667 shares of restricted common stock at a value of $50,000  at a price per share of $0.0003 of Beyond Commerce in connection with the execution of a Definitive Agreement, which is being held in escrow. If the closing has not occurred prior to the termination date in the Definitive Agreement, Electric Built shall release such shares and return to the Company.

Holders of common stock are entitled to one vote per share on all matters submitted to a vote of the stockholders, including the election of directors. Except as otherwise required by law, the holders of our common stock possess all voting power. Generally, all matters to be voted on by stockholders must be approved by a majority (or, in the case of election of directors, by a plurality) of the votes entitled to be cast by all shares of our common stock that are present in person or represented by proxy. A vote by the holders of a majority of our outstanding shares is required to effectuate certain fundamental corporate changes such as liquidation, merger or an amendment to our Articles of Incorporation. Our Articles of Incorporation do not provide for cumulative voting in the election of directors. Holders of our common stock have no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to our common stock.

Preferred Stock

In March 2021, we approved authorization to issue up to 60,000,400 shares of preferred stock, which are designated Series A, B, C and undesignated Preferred Stock. As of November 14, 2021, we have 249.9999 shares of Series A Preferred Stock issued and outstanding.

We have designated 250 shares of Series A Convertible Preferred Stock, par value of $0.001 per share (the “Series A Preferred Stock”).

The Series A Preferred Stock will, with respect to each holder of the Series A Preferred Stock, be entitled to three million (3,000,000) votes for each share of Series A Preferred Stock standing in his, her or its name on the books of the corporation. Each share of Series A Preferred Stock is convertible, at the option of the holder, into one million shares of Common Stock. The Series A Preferred Stock is entitled, in the event of any voluntary liquidation, dissolution or winding up of the Corporation, to receive payment or distribution of a preferential amount before any payments or distributions are received by any class or series of common stock. Subject to the prior or equal rights of the holders of all classes of stock at the time outstanding having prior or equal rights as to dividends and ranking ahead of the Common Stock, the holders of the Series A Preferred Stock shall be entitled to therefore receive, when and as declared by the Board of Directors, out of any assets of the Corporation legally available, such dividends as may be declared from time to time by the Board of Directors.

We have designated 51 shares of Series B Convertible Preferred Stock, par value of $0.001 per share (the “Series B Preferred Stock”). One (1) share of the Series B Preferred Stock shall have voting rights equal to (x) 0.019607 multiplied by the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator. For the avoidance of doubt, if the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote is 5,000,000, the voting rights of one share of the Series B Preferred Stock shall be equal to 102,036 (e.g., ((0.019607 x 5,000,000) / 0.49) – (0.019607 x 5,000,000) = 102,036).

With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series B Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation’s Articles of Incorporation or by-laws. Such concentrated control of the Company may adversely affect the price of our common stock. A stockholder that acquires common stock will not have an effective voice in the management of the Company.

F-11

We have designated 50,000,000 shares of Series C Convertible Preferred Stock, par value of $0.001 per share (the “Series C Preferred Stock”).

The Series C Preferred Stock will, with respect to dividend rights and rights upon liquidation, winding-up or dissolution, rank: (a) pari passu with the Corporation’s Common Stock, $0.001 par value per share (“Common Stock”); (b) junior to all other series of Preferred Stock, as such may be designated as of the date of this Designation, or which may be designated by the Corporation after the date of this Designation (the “Other Preferred”), and (c) junior to all existing and future indebtedness of the Corporation.

Holders of the Series C Preferred Stock shall vote on all matters requiring a vote of the shareholders of the Corporation, together with the holders of shares of Common Stock and other classes of Preferred Stock entitled to vote, as a single class. Subject to the applicable beneficial ownership limitation, each Holder shall be entitled to the whole number of votes equal to the number of shares of Common Stock into which such holder’s Preferred Shares would be convertible using the record date for determining the stockholders of the Corporation eligible to vote on such matters as the date as of which the number of Conversion Shares is calculated. Holders of the Series C Preferred Stock will also be entitled to vote as a separate class with respect to any matter as to which such voting rights are required by applicable law.

During the first quarter of 2022, 154,242 shares of Series C Convertible Preferred Stock were converted to 1,542,420,000 shares of common stock. No shares of Series C Convertible Preferred Stock were converted during the second quarter of 2022.

During the first quarter of 2021, the Company issued 1,566,905 shares of Series C Preferred, valued at $3,837,647. This was part of a settlement the Company reached with Discover to redeem the secured redeemable convertible debenture dated August 7, 2018. The valuation was derived from a loss on extinguishment of debt of $3,435,695 that represents the fair value of debt forgiveness, less the issuance of 598,048,320 common stock shares valued at par of $0.001, plus cash proceeds to the Company of $1,000,000 from the SPA that the Company entered into.

NOTE 7. COMMITMENTS AND CONTINGENCIES

Legal Matters

A complaint against the Company, dated February 5, 2020, has been filed in Hennepin County, Minnesota, by Jean Mork Bredeson, the former President and former owner of Service 800, making certain claims related to the Company’s acquisition of Service 800, seeking in excess of $1.6 million in damages. On March 16, 2020, the Company and Service 800 filed an answer, counterclaim and third-party claim against Ms. Bredeson and defendants Allen Bredeson and Jeff Schwedinger, former employees of Service 800. Answers and Affirmative and Additional Defenses to Third Party Claims were filed by Ms. Bredeson on April 7, 2020 and by Mr. Schwedinger on April 9, 2020 and, on April 24, 2020, Ms. Bredeson filed a Motion to Dismiss. The Court denied in full Ms. Bredeson’s motion to dismiss or for a more definite statement. Subsequently, using a wholly owned entity she controls, Ms. Bredeson filed another matter, captioned Green Valley Associates Inc. vs Service 800 Inc., 27-CV-20-13800. Although Ms. Bredeson is seeking to have the matters handled by separate judges, the Company sought consolidation of the two matters before Judge Klein, the judge who denied Ms. Bredeson’s motion to dismiss, but the consolidation was denied. Ms. Bredeson also has since filed, and then withdrawn, other motions, without allowing them to reach Judge Klein. Ms. Bredeson’s motion for summary judgment was ruled against by Judge Klein. The discovery has closed in both cases. On March 14, 2022 the judge granted the Company’s motion for sanctions against Bredeson for spoilation of documents that were likely to be relevant in the case. The judge also found that the Company was likely to be prejudiced by her conduct, so a sanction was warranted. On March 23, 2022 the judge granted the plaintiff’s motion for reimbursement of legal services by the Company incurred in opposing counterclaims brought by the Company in the amount of $95,506 as allowed by Minnesota statutes. An order for Pretrial has been ordered for September 19,2022. If the matter is not resolved at that time, a trial date has been set for October 3, 2022.

F-12

The Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 5, states that a firm must distinguish between losses that are probable, reasonably probable or remote. If a contingent liability is deemed probable, it must be directly reported in the financial statements. In July 2010, the FASB issued ASC 450-20 that updated the Standard and uses “probable,” “reasonably possible,” and “remote” to determine the likelihood of the future event that will confirm a loss, an impairment of an asset, or the incurrence of a liability.

Accrual of a loss contingency is required when (1) it is probable that a loss has been incurred at the date of the financial statements and (2) the amount can be reasonably estimated. No accrual has been made in the above matter as the determination is that a loss is not probable as of June 30, 2022 nor can a loss be reasonably estimated.

In addition to the above, from time to time, we may be involved in litigation in the ordinary course of business. Other than as set forth above, we are not currently involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations.

Coronavirus Pandemic

In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic, which continues to spread throughout the United States of America. The ultimate impact of the COVID-19 pandemic on our results of operations and financial condition is dependent on future developments, including the duration of the pandemic and the related extent of its severity, as well as its impact on the economic conditions, which remain uncertain and cannot be predicted at this time. If the global response to contain the COVID-19 pandemic is unsuccessful, or if governmental decisions to ease pandemic related restrictions are ineffective, premature or counterproductive, the Company could experience a material adverse effect on the Company’s financial condition, results of operations and cash flows. Therefore, while we expect this matter to have an impact our business, the impact to our results of operations and financial position cannot be reasonably estimated at this time.

Russia-Ukraine conflict

The Russian-Ukraine conflict is a global concern. The Company does not have any direct exposure to Russia or Ukraine through its operations, employee base, investments or sanctions. We have no basis to evaluate the possible risks of this conflict.

Other than as set forth above, to our knowledge, there is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of our executive officers or any of our subsidiaries, threatened against or affecting our Company, our common stock, any of our subsidiaries or any of our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

Operating Lease

We currently lease virtual office space at 3773 Howard Hughes Parkway, Suite: 500 Las Vegas, NV 89169. We pay an annual fee of $120 for this lease. There is also a location in Minnesota for Service 800, Inc. On February 20, 2020 the company moved Service 800, Inc. to 110 Cheshire Lane, Minnetonka Minnesota 55305. Service 800 leases 3,210 square feet of office space under an operating lease agreement with Carlson Center East LLC. The lease, which expires June 30, 2023, requires base monthly rents of $4,160, plus operating expenses.

The public entity guidance in ASU 2016-02, Leases (Topic 842) requires lessees to recognize substantially all leases on their balance sheets as lease liabilities with a corresponding right-of-use asset. Our accounting policy is to keep leases with an initial term of 12 months or less off of the balance sheet.

F-13

The Company leases office space under an operating lease. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments under the lease. Operating lease, right-of-use assets, and liabilities are recognized at the lease commencement date based on the present value of lease payments over the reasonably certain lease term. The implicit rates with the Company’s operating leases are generally not determinable and the Company uses its incremental borrowing rate at the lease commencement date to determine the present value of its lease payments. The determination of the Company’s incremental borrowing rate requires judgement. The company determines its incremental borrowing rate for each lease using its then-current borrowing rate. Certain of the Company’s leases may include options to extend or terminate the lease. The Company establishes the number of renewal options periods used in determining the operating lease term based upon its assessment at the inception of the operating lease. The option to renew the lease may be automatic, at the option of the Company, or mutually agreed to between the landlord and the Company. Once the facility lease term has begun, the present value of the aggregate future minimum lease payments is recorded as a right-of-use asset.

Lease expense is recognized on a straight-line basis over the term of the lease. There are no options to extend or terminate the leases. The Company has no other leases yet to commence.

NOTE 8. RELATED PARTIES

On July 19, 2021, the Company issued a convertible promissory note (the “Note”) in favor of Geordan G. Pursglove, the Company’s Chairman and Chief Executive Officer, in the principal amount of $1,500,000, in satisfaction of Mr. Pursglove’s accrued salary owing of $1,239,800 and $260,200 for loss on settlement. The Note accrues interest at 2% per annum, with the principal and interest payments due in twelve equal monthly installments. At the holder’s election, the Note is convertible into shares of the Company’s common stock, at a price per share equal to 100% of the average closing price of the Company’s common stock for the five trading days immediately preceding the date of such conversion (the “Conversion Price”). The cash maturity date is July 19, 2022. On February 8, 2022 there was a conversion of $150,000 worth of shares issued.

During the first quarter of 2022, the Company issued 133,902,874 shares of common stock valued at $53,561 as part of the Company’s employment agreement with the Chief Financial Officer, Peter Stazzone.

NOTE 9. NET INCOME (LOSS) PER SHARE OF COMMON STOCK

The Company follows ASC 260-10, which requires presentation of basic and diluted Earnings per Share (“EPS”) on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying consolidated financial statements, basic net income (loss) per share of common stock is computed by dividing the net income (loss) by the weighted average number of shares of common stock outstanding during the year. Basic net income (loss) per common share is based upon the weighted average number of common shares outstanding during the period. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.

Convertible debt that is convertible into 8,780,883,321 and 370,602,246 shares of the Company’s common stock are not included in the computation, along with 249,999,900 and 249,999,900 of the Company’s preferred stock after conversion, as of June 30, 2022 and 2021, respectively. As of June 30, 2022, there are 687,760 shares of series C preferred stock issued and outstanding that are convertible into 6,877,600,000 shares of common stock. Additionally, there are 16,666,667 and 16,666,667 warrants that are exercisable into shares of stock as of June 30, 2022 and 2021, respectively.

F-14

The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computations for the three and six - month periods ended June 30, 2022 and 2021:

	Six-month period ended June 30,						Three-month period ended June 30,
	2022			2021			2022			2021
Loss from continuing operations	$	(1,279,297	)	$	(7,346,362	)	$	(627,908	)	$	(1,051,317	)
Consolidated net loss	$	(1,279,297	)		(7,346,362	)	$	(627,908	)	$	(1,051,317	)
Weighted average shares used for diluted earnings per share		15,589,961,838			4,850,306,210			14,834,207,405			5,604,768,785
Incremental Diluted Shares	-		*	-		*	-		*	-		*
Weighted Average shares used for diluted earnings per share		15,589,961,938			4,850,306,210			14,834,207,405			5,604,768,785
Net income (loss) per share:
Basic and Diluted:    continuing operations	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic and Diluted: discontinued operations	$	-		$	-		$	-		$	-
Total Basic and Diluted loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

* The shares associated with convertible debt, preferred stock, stock options and stock warrants are not included because the inclusion would be anti-dilutive (i.e., reduce the net loss per common share).

NOTE 10. SUBSEQUENT EVENTS

On July 13, 2022, 79,175 shares of Series C Convertible Preferred Stock were converted to 791,750,000 shares of common stock.

                On July 13, 2022 the Company signed a definitive agreement to acquire Electric Built, Inc. headquartered in Inglewood, California. The Company had initially executed a binding Letter of Intent (“LOI”) on April 8, 2022 with Electric Built, Inc. The acquisition is expected to close by September 20, 2022.

F-15

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

Readers are urged to carefully review and consider the various disclosures made by us in this report and in our other reports filed with the Securities and Exchange Commission. Important factors currently known to management could cause actual results to differ materially from those in forward-looking statements. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in the future operating results over time. We believe that our assumptions are based upon reasonable data derived from and known about our business and operations. No assurances are made that actual results of operations or the results of our future activities will not differ materially from our assumptions. Factors that could cause differences include, but are not limited to, expected market demand for our products, fluctuations in pricing for our products, and competition. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. When used in the throughout, the words “may”, “will”, “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan”, or the negative of these terms and similar expressions as they relate to the Company or the Company’s management are intended to identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and we caution you that these statements are not guarantees of future performance or events and are subject to risks, assumptions, and other factors.

The following discussion provides information that management believes is relevant to an assessment and understanding of our past financial condition and plan of operations. The discussion below should be read in conjunction with the consolidated financial statements and related notes thereto included elsewhere in this annual report.

About Beyond Commerce

Beyond Commerce, Inc. was formed as a Nevada corporation on January 12, 2006.We are focused on business combinations of “big data” companies in global B2B internet marketing analytics, technologies and services. Our objective is to develop and deploy disruptive strategic software technology that will build on organic growth potential and to exploit cross-selling opportunities. We plan to offer a cohesive global digital product and services platform to provide clients with a single point of contact for their big data, marketing and related sales initiatives. We believe our business model will ensure that information will remain secure and private, as necessitated by the current market climate.

In addition, we provide solutions which facilitate the exchange of information and data transactions between supply chain participants, such as manufacturers, retailers, distributors and financial institutions, with the ultimate goal of automating potential client internal processes thereby increasing productivity and lowering costs. We plan to develop proprietary algorithms which it will embed in the planned software to enable clients to access data and gain insight into their business, through that data, leading to improved internal decision making.

We currently owns and operates a data company and is actively seeking acquisition opportunities in high growth sectors such as psychedelics, cryptocurrency, ESports and Logistics among others. Our strategy is to identify companies in the early stages of development or growth, acquire them and provide these companies capital in order to accelerate their development and growth with the intention to ultimately sell these companies.

RESULTS OF OPERATIONS

Through our Service 800 Inc. subsidiary, many of our clients, such as GE Healthcare, Audiology System, Inc., 3M Healthcare, Johnson & Johnson Vision Care, Albany Molecular Research Inc., Sakura Finetek, Abbott Diagnostics, Biosense Webster, a Johnson & Johnson Company and Medtronic to name a few took the time during the pandemic to begin strategic planning with Service 800 to grow their business with the Company through renewals, expansion, and developing better ways to grow our programs with each and every one of them for the future. This select market segment continues to be a major source of revenue for the Company as we expand our services within this business segment. Renewals have been strong during the last nine months, and we anticipate revenue getting back in line with exceeding our expectations as we progress further into the year. All renewals that have taken place are on a minimum of a one to two-year term with an auto renewal taking place when the contract expires. The pandemic helped our customers recognize the value that Service 800 brings to its clients in the form of providing valuable information to not only help their growth within their own companies, but also help them be better providers to their customers as well. We continue to look forward to growth into each division of these companies and expansion to exceed expectations that have been set. We value these customers and seek to achieve positive growth we have set for the remainder of the year and moving onwards for future years to come.

For the Three Months Ended June 30, 2022 and June 30, 2021

Revenue

Revenue generated for the three months ended June 30, 2022 was $1,038,092 compared to $1,120,599 from the comparable three-month period in 2021.

Operating Expenses

For three months ended June 30, 2022, operating expenses were $1,420,404, and for the three months ended June 30, 2021, operating expenses were $1,977,496 in part to a reduction in professional fees of $388,147 and payroll expenses of $147,746. Cost of revenues decreased by $25,881 due to a reduction in revenues and general and administrative expense increased by $16,349.

4

Non-Operating Income (Expense)

The Company reported non-operating expense of $245,596 for the three months ended June 30, 2022, as compared to $194,420 for the three months ended June 30, 2021 mainly because of the recognition of gain on loan forgiveness of the PPP loan of $505,111 in the three months ended June 30, 2021.

Net Income (loss)

Loss from operations for the three months ended June 30, 2022 and 2021 was $627,908 and 1,047,316, respectively. For three months ended June 30, 2022, the Company incurred a net loss of $623,321 as compared to a net loss of $1,047,140 for the three months ended June 30, 2021 due to the reduction of operating costs as detailed above, and the absence of the loan forgiveness relating to the PPP loan of $505,111, which occurred in 2021.

For the Six Months Ended June 30, 2022 and June 30, 2021

Revenue

Revenue generated for the six months ended June 30, 2022 was $2,047,500 compared to $2,234,118 from the comparable six-month period in 2021.

Operating Expenses

For six months ended June 30, 2022, operating expenses were $2,981,357 and for the six months ended June 30, 2021, operating expenses were $3,595,255. The Company’s cost of revenues decreased corresponding to a decrease in revenues in the comparable periods. The Company was able to achieve a reduction in professional fees of $332,803 and payroll expense of $95,929 during the six months ended June 30, 2022 compared to the same period in 2021. General and administrative expenses decreased by $35,897 and depreciation expense decreased by $32,506 in 2022 compared to the same six month period ended June 30, 2021.

Non-Operating Income (Expense)

The Company reported non-operating expense of $345,440 for the six months ended June 30, 2022, as compared to $5,985,225 for the six months ended June 30, 2021 due mainly to the recording of derivative related expenses of $2,944,750, loss on extinguishment of debt of $3,956,699 and offset in part by the gain on the forgiveness of the PPP loan of $505,111 during the six months ended June 30, 2021.

During the six months ended June 30, 2022, the Company incurred interest expense of $339,012, recognized an expense in the change of the derivative liability of $12,909 offset in part by a gain on debt forgiveness of $6,481.

Net Income (loss)

Loss from operations for the six months ended June 30, 2022 and 2021 was $1,279,297 and 7,346,362, respectively due to the factors detailed above and noting that the derivative related expenses and loss on extinguishment of debt occurring in 2021 did not continue in 2022.

Purchase of Significant Equipment

We do not anticipate the purchase or sale of any plant or significant equipment during the next twelve (12) months.

Going Concern

There is substantial doubt about our ability to continue as a going concern.

5

As of June 30, 2022, we had an accumulated deficit of $69,078,721 and a working capital deficit of $4,685,041. These conditions raise substantial doubt about our ability to continue as a going concern. We intend to continue relying upon the issuance of debt and equity securities to finance our operations. In this regard, we are restricted by the number of shares available for issuance in an equity financing, and we will likely need to increase our authorized capital in order to take advantage of such financing. However, there can be no assurance that we will be successful in obtaining shareholder approval to increase our authorized capital, that we will be successful in raising the funds necessary to maintain operations, or that a self-supporting level of operations will ever be achieved. The likely outcome of these future events is indeterminable. Our financial statements do not include any adjustment to reflect the possible future effect on the recoverability and classification of the assets or the amounts and classification of liabilities that may result should we cease to continue as a going concern.

Liquidity and Capital Resources

Our ability to continue as a going concern is dependent on our ability to raise additional capital and implement our business plan. Since inception, we have been funded by related parties through capital investment and borrowing of funds.

We had total current assets of $1,912,215 and $1,607,347 as of June 30, 2022 and December 31, 2021, respectively. Current assets would consist primarily of cash and accounts receivable. The Company had a $69,078,721 accumulated deficit on its balance sheet as of June 30, 2022.

We had total current liabilities of  6,597,256 and $5,414,772 as of June 30, 2022 and December 31, 2021, respectively. Current liabilities consisted primarily of the derivative liability, accounts payable, accrued payroll and payroll taxes, related party debt, conventional and convertible debt, lease liability, accrued loss contingency, and accrued interest. In the current six months there were approximate increases in accrued interest of $271,000 and in accrued payroll liabilities of $52,000. Short-term borrowings – related party decreased by $150,000 due to the partial conversion on the note for stock. Short-term borrowings from nonrelated parties increased by $1,050,000 joined by an increase in accounts payable of $49,000, an increase in the current portion of the lease liability value of $4,000 and an increase in derivative liabilities of $13,000.

We had a working capital deficit of $4,685,041 and $3,807,425 as of June 30, 2022 and December 31, 2021, respectively, which increase is mainly due to the net increase in short-term borrowings during the three months ended June 30, 2022.

Cash Flow from Operating Activities

For the six months ended June 30, 2022 and 2021, cash used in operating activities was $834,765 and $1,315,873 respectively. This decrease of cash used is attributable to the decreased cash requirements for the operations of the Company which recorded a loss from operations of $933,857 for the six months ended June 30, 2022 compared to $1,361,137 for the same period in 2021.

Cash Flow from Investing Activities

No cash was used in investing activities for the six months ended June 30, 2022 and 2021.

Cash Flow from Financing Activities

For the six months ended June 30, 2022 and 2021, cash provided by financing activities was $1,000,000 and $1,702,342, respectively, due to proceeds from notes payable of 1,000,000 and 775,000, respectively, and the sale of Series C Preferred Stock of $0 and $1,000,000, respectively.

Contractual Obligations

As a “smaller reporting company,” we are not required to provide tabular disclosure of contractual obligations.

6

Inflation

Inflation and changing prices have not had a material effect on our business and we do not expect that inflation or changing prices will materially affect our business in the foreseeable future.

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity or capital expenditures or capital resources that is material to an investor in our securities.

Seasonality

In the past, our operating results and operating cash flows historically have not been subject to seasonal variations. This pattern may change, however, in the event that we succeed in bringing our planned products to market.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations is based on our unaudited condensed consolidated financial statements, which have been prepared in accordance with U.S. GAAP. The preparation of these unaudited condensed consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent liabilities. On an on-going basis, we evaluate past judgments and our estimates, including those related to allowance for doubtful accounts, allowance for inventory write-downs and write offs, deferred income taxes, provision for contractual obligations and our ability to continue as a going concern. 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 values of assets and liabilities that are not apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Note 2 to the consolidated financial statements, presented in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, describes the critical accounting estimates and policies used in preparation of our consolidated financial statements. There were no significant changes in our critical accounting estimates during the three months ended June 30, 2022.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to a “smaller reporting company” as defined in Item 10(f)(1) of SEC Regulation S-K.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. Our management, with the participation of our Chief Executive Officer and our Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2022. Based on the evaluation of our disclosure controls and procedures as of June 30, 2022, our Chief Executive Officer and Chief Financial Officer concluded that, as of such date, our disclosure controls were not effective.

As funds become available to us, we expect to implement additional measures to improve disclosure controls and procedures such as implementing and documenting our internal controls procedures.

7

Changes in internal controls over financial reporting

There was no change in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

Limitations on the Effectiveness of Controls

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. The Company’s management, including its Principal Executive Officer and its Principal Financial Officer, do not expect that the Company’s controls will prevent or detect all errors and all fraud. 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 the Company have been detected.

These inherent limitations include the realities that judgments in decision-making can be faulty, and these breakdowns can occur because of simple errors or mistakes. 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 there can be no assurance that any design will 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 associated policies or procedures. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

8

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

A complaint against the Company, dated February 5, 2020, has been filed in Hennepin County, Minnesota, by Jean Mork Bredeson, the former President and former owner of Service 800, making certain claims related to the Company’s acquisition of Service 800, seeking in excess of $1.6 million in damages. On March 16, 2020, the Company and Service 800 filed an answer, counterclaim and third-party claim against Ms. Bredeson and defendants Allen Bredeson and Jeff Schwedinger, former employees of Service 800. Answers and Affirmative and Additional Defenses to Third Party Claims were filed by Ms. Bredeson on April 7, 2020 and by Mr. Schwedinger on April 9, 2020 and, on April 24, 2020, Ms. Bredeson filed a Motion to Dismiss. The Court denied in full Ms. Bredeson’s motion to dismiss or for a more definite statement. Subsequently, using a wholly owned entity she controls, Ms. Bredeson filed another matter, captioned Green Valley Associates Inc. vs Service 800 Inc., 27-CV-20-13800. Although Ms. Bredeson is seeking to have the matters handled by separate judges, the Company sought consolidation of the two matters before Judge Klein, the judge who denied Ms. Bredeson’s motion to dismiss, but the consolidation was denied. Ms. Bredeson also has since filed, and then withdrawn, other motions, without allowing them to reach Judge Klein. Ms. Bredeson’s motion for summary judgment was ruled against by Judge Klein. The discovery has closed in both cases. On March 14, 2022 the judge granted the Company’s motion for sanctions against Bredeson for spoilation of documents that were likely to be relevant in the case. The judge also found that we were likely to be prejudiced by her conduct, so a sanction was warranted. On March 23, 2022 the judge granted the plaintiff’s motion for reimbursement of legal services by the Company incurred in opposing counterclaims brought by the Company in the amount of $95,506 as allowed by Minnesota statutes.

The Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 5, states that a firm must distinguish between losses that are probable, reasonably probable or remote. If a contingent liability is deemed probable, it must be directly reported in the financial statements. In July 2010, the FASB issued ASC 450-20 that updated the Standard and uses “probable,” “reasonably possible,” and “remote” to determine the likelihood of the future event that will confirm a loss, an impairment of an asset, or the incurrence of a liability.

Accrual of a loss contingency is required when (1) it is probable that a loss has been incurred at the date of the financial statements and (2) the amount can be reasonably estimated. No accrual has been made in the above matter as the determination is that a loss is not probable as of June 30, 2022 nor can a loss be reasonably estimated.

In addition to the above, from time to time, we may be involved in litigation in the ordinary course of business. Other than as set forth above, we are not currently involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. Other than as set forth above, to our knowledge, there is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of our executive officers or any of our subsidiaries, threatened against or affecting our Company, our common stock, any of our subsidiaries or any of our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect

ITEM 1A. RISK FACTORS.

We believe there are no changes that constitute material changes from the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission on March 31, 2022.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

There were no unregistered sales of equity securities during the period ended June 30, 2022.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

A Convertible Promissory Note, bearing an annual interest rate of 12% secured, due August 27, 2019 remains outstanding and is in default. There has been no default in the payment of principal, interest, sinking or purchase fund installment, or any other material default, with respect to any other indebtedness of the Company.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION

There is no other information required to be disclosed under this item which was not previously disclosed.

Not applicable.

9

ITEM 6. EXHIBITS.

Exhibit Number	Exhibit Description	Form	Exhibit	Filing Date	Herewith
31.1	Rule 13a-14(a) Certification of Principal Executive Officer.				☒
31.2	Rule 13a-14(a) Certification of Principal Financial Officer.				☒
32.1*	Section 1350 Certification of Principal Executive Officer.				☒
32.2*	Section 1350 Certification of Principal Financial Officer.				☒
101.INS	XBRL Instance.				☒
101.XSD	XBRL Schema.				☒
101.PRE	XBRL Presentation.				☒
101.CAL	XBRL Calculation.				☒
101.DEF	XBRL Definition.				☒
101.LAB	XBRL Label.				☒

* In accordance with SEC Release 33-8238, Exhibits 32.1 and 32.2 are being furnished and not deemed filed for purposes of Section 18 of the Exchange Act.

10

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Beyond Commerce, Inc.
Dated: August 12, 2022	By:	/s/ Geordan Pursglove
		Geordan Pursglove, President / CEO (Principal Executive Officer)

11

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

I, Geordan Pursglove, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Beyond Commerce, 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 officer 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 controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-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 consolidated subsidiaries, is made known to us by others within those entities, particularly for 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 change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

a)	all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: August 10, 2022	By:	/s/ Geordan Pursglove
		Geordan Pursglove Chief Executive Officer (Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF PRINCIPAL ACCOUNTING OFFICER

PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

I, Peter M. Stazzone, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Beyond Commerce, 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 officer 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 controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-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 consolidated subsidiaries, is made known to us by others within those entities, particularly for 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 change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent function):

a)	all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: August 10, 2022	By:	/s/ Peter M. Stazzone
		Peter M. Stazzone Chief Financial Officer (Principal Financial and Accounting Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

In connection with this Quarterly Report of Beyond Commerce, Inc. (the “Company”), on Form 10-Q for the period ended June 30, 2022, as filed with the U.S. Securities and Exchange Commission on the date hereof, I, Geordan Pursglove, Chief Executive Officer of the Company, certify to the best of my knowledge, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	Such Quarterly Report on Form 10-Q for the period ended June 30, 2022, fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in such Quarterly Report on Form 10-Q for the period ended June 30, 2022, fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 10, 2022	By:	/s/ Geordan Pursglove
		Geordan Pursglove
		Chief Executive Officer (Principal Executive Officer)

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

In connection with this Quarterly Report of Beyond Commerce, Inc. (the “Company”), on Form 10-Q for the period ended June 30, 2022, as filed with the U.S. Securities and Exchange Commission on the date hereof, I, Peter M. Stazzone, Chief Financial Officer of the Company, certify to the best of my knowledge, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	Such Quarterly Report on Form 10-Q for the period ended June 30, 2022, fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in such Quarterly Report on Form 10-Q for the period ended June 30, 2022, fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 10, 2022	By:	/s/ Peter M. Stazzone
		Peter M. Stazzone
		Chief Financial Officer (Principal Financial and Accounting Officer)

XML

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 08, 2022
Cover [Abstract]
Entity Registrant Name	Beyond Commerce, Inc.
Entity Central Index Key	0001386049
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		16,400,026,956
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-52490
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	98-0512515
Entity Interactive Data Current	Yes
Entity Address Address Line 1	3773 Howard Hughes Pkwy
Entity Address Address Line 2	Suite 500
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89169
City Area Code	702
Local Phone Number	675-8022

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash & cash equivalents	$ 735,584	$ 570,349
Accounts receivable, net	1,114,371	971,095
Other current assets	62,260	65,903
Total current assets	1,912,215	1,607,347
Operating Lease of right use asset	38,242	59,017
Property, equipment, and software - net	16,347	23,980
Investments	300,000	250,000
Intangible asset - net	1,816,533	1,987,216
Goodwill	1,299,144	1,299,144
Total assets:	5,382,481	5,226,704
Current liabilities:
Accounts payable	441,434	490,654
Operating Lease Liability, current	43,340	47,731
Accrued Interest	1,273,821	1,002,410
Accrued Payroll & related items	161,940	110,165
Derivative liability	545,293	532,384
Short-term borrowings - net of discount	2,781,428	1,731,428
Short-term borrowings- related party	1,350,000	1,500,000
Total current liabilities	6,597,256	5,414,772
Long-term borrowings - net of discount	3,076,547	3,058,828
Operating lease liability, noncurrent	0	18,690
Total liabilities	9,673,803	8,492,290
Commitments and Contingencies	0	0
Stockholders' Deficit:
Common stock, $0.001 par value, 30,000,000,000 shares authorized, 15,608,276,956 and 13,390,287,415 issued and outstanding, respectively,	15,608,277	13,390,287
Additional paid in capital	49,108,880	51,073,155
Accumulated deficit	(69,078,721)	(67,808,598)
Deficit attributable to Beyond Commerce, Inc stockholder	(4,360,876)	(3,344,314)
Equity attributable to noncontrolling interest	69,554	78,728
Total stockholders' deficit	(4,291,322)	(3,265,586)
Total liabilities and stockholders' deficit	5,382,481	5,226,704
Series A Preferred Stock [Member]
Stockholders' Deficit:
Preferred Stock, Value	0	0
Series B Preferred Stock [Member]
Stockholders' Deficit:
Preferred Stock, Value	0	0
Series C Preferred Stock [Member]
Stockholders' Deficit:
Preferred Stock, Value	$ 688	$ 842

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Common Stock, Shares Authorized	30,000,000,000	30,000,000,000
Common Stock, Par Or Stated Value	$ 0.001	$ 0.001
Common Stock, Shares Issued	15,608,276,956	13,390,287,415
Common Stock, Shares Outstanding	15,608,276,956	13,390,287,415
Series A Preferred Stock [Member]
Preferred Stock Shares Authorized	250	250
Preferred Stock, Par Or Stated Value	$ 0.001	$ 0.001
Preferred Stock, Shares Issued	249	249
Preferred Stock, Shares Outstanding	249	249
Series B Preferred Stock [Member]
Preferred Stock Shares Authorized	51	51
Preferred Stock, Par Or Stated Value	$ 0.001	$ 0.001
Preferred Stock, Shares Issued	51	51
Preferred Stock, Shares Outstanding	51	51
Series C Preferred Stock [Member]
Preferred Stock Shares Authorized	50,000,000	50,000,000
Preferred Stock, Par Or Stated Value	$ 0.001	$ 0.001
Preferred Stock, Shares Issued	687,760	842,002
Preferred Stock, Shares Outstanding	687,760	842,002

XML

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Revenues	$ 1,038,092	$ 1,120,599	$ 2,047,500	$ 2,234,118
Operating expenses
Cost of revenue	318,439	342,068	604,558	721,064
Selling, general and administrative	195,928	179,834	377,745	384,063
Payroll expense	632,972	780,722	1,407,199	1,503,130
Professional Fees	190,739	578,883	413,539	776,177
Depreciation and amortization	82,326	95,989	178,316	210,821
Total operating expenses	1,420,404	1,977,496	2,981,357	3,595,255
Loss from operations	(382,312)	(856,897)	(933,857)	(1,361,137)
Non-operating income (expense)
Interest expense	(191,350)	(118,051)	(339,012)	(267,117)
Amortization of debt discount	0	(26,562)	0	(53,124)
Derivative related expenses	0	(7,039)	0	(2,944,750)
Change in derivative liability	(60,727)	(26,875)	(12,909)	731,354
Gain on forgiveness of PPP loan	0	505,111	0	505,111
Gain (loss) on extinguishment of debt	6,481	(521,004)	6,481	(3,956,699)
Total non-operating income (expense)	(245,596)	(194,420)	(345,440)	(5,985,225)
Loss from continuing operations before income tax	(627,908)	(1,051,317)	(1,279,297)	(7,346,362)
Provision for income tax	0	0	0	0
Consolidated net loss	(627,908)	(1,051,317)	(1,279,297)	(7,346,362)
Noncontrolling interest	(4,589)	(4,181)	(9,174)	(9,117)
Net Loss	$ (623,321)	$ (1,047,136)	$ (1,270,123)	$ (7,337,245)
Net income (loss) per common share-basic and diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average shares of capital outstanding (basic and diluted)	15,589,961,938	5,604,768,785	14,834,207,405	4,850,306,210

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Net loss	$ (1,279,297)	$ (7,346,362)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued for services	53,561	43,950
Loss on derivative	0	2,944,749
Amortization of debt discount	17,719	53,124
Depreciation and amortization	178,316	210,822
Loss on extinguishment of debt	0	3,956,699
Gain on forgiveness of PPP loan	0	(505,111)
Interest expense - original interest discount	50,000	0
Change in derivative liability	12,909	(731,354)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable	(143,276)	80,106
(Increase) decrease in other current assets	24,418	(34,023)
Increase (decrease) in accounts payable	(49,220)	(207,455)
Increase (decrease) in payroll liabilities	51,775	(21,603)
Increase (decrease) in other current liabilities	248,330	240,585
Net cash provided by (used in) in operating activities.	(834,765)	(1,315,873)
Cash flows from financing activities:
Cash receipts from note payable	1,000,000	775,000
Proceeds from sale of preferred stock Series C	0	1,000,000
Payment on note payable	0	(72,659)
Net cash provided by financing activities	1,000,000	1,702,341
Net increase (decrease) in cash and cash equivalents	165,235	386,468
Cash and cash equivalents, beginning balance	570,349	84,262
Cash and cash equivalents, ending balance	735,584	470,730
Cash Paid For:
Interest	0	8,462
Income taxes	0	0
Summary of Non-Cash Investing and Financing Information:
Stock issued for conversion of debt	150,000	943,289
Stock issued for conversion of Series C preferred stock	1,542,420	1,230,000
Stock issued in escrow for Letter of Intent	$ 50,000	$ 0

XML

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Total	Series A Prefered Stock [Member]	Series B Prefered Stock [Member]	Series C Prefered Stock [Member]	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Noncontrolling Interest
Balance, shares at Dec. 31, 2020		249	33		3,410,355,200
Balance, amount at Dec. 31, 2020	$ (4,874,816)	$ 0	$ 0	$ 0	$ 3,410,355	$ 50,263,645	$ (58,645,834)	$ 97,018
Common stock issued for debt conversion, shares					943,288,342
Common stock issued for debt conversion, amount	943,288				$ 943,288
Preferred Series C issued, shares				10,000
Preferred Series C issued, amount	1,000,000			$ 10		999,990
Preferred Series B issuance, shares			3
Preferred Series B issuance, amount	43,950					43,950
Extinguishment of Debt, shares				1,556,905	598,048,320
Extinguishment of Debt, amount	3,435,695			$ 1,557	$ 598,048	2,836,090
Extinguishment of derivative liabilities on conversion	2,958,547					2,958,547
Net loss	(6,295,045)						(6,290,109)	(4,936)
Balance, shares at Mar. 31, 2021		249	36	1,566,905	4,951,691,862
Balance, amount at Mar. 31, 2021	(2,788,381)	$ 0	$ 0	$ 1,567	$ 4,951,691	57,102,222	(64,935,943)	92,082
Balance, shares at Dec. 31, 2020		249	33		3,410,355,200
Balance, amount at Dec. 31, 2020	(4,874,816)	$ 0	$ 0	$ 0	$ 3,410,355	50,263,645	(58,645,834)	97,018
Net loss	(7,346,362)
Balance, shares at Jun. 30, 2021		249	36	1,443,905	6,181,691,862
Balance, amount at Jun. 30, 2021	(3,839,697)			$ 1,444	$ 6,181,692	55,872,345	(65,983,079)	87,901
Balance, shares at Mar. 31, 2021		249	36	1,566,905	4,951,691,862
Balance, amount at Mar. 31, 2021	(2,788,381)	$ 0	$ 0	$ 1,567	$ 4,951,691	57,102,222	(64,935,943)	92,082
Net loss	(1,051,317)						(1,047,136)	(4,181)
Common stock issued for conversion of preferred stock series C, shares				(123,000)	1,230,000,000
Common stock issued for conversion of preferred stock series C, amount	0			$ (123)	$ 1,230,000	(1,229,877)
Balance, shares at Jun. 30, 2021		249	36	1,443,905	6,181,691,862
Balance, amount at Jun. 30, 2021	(3,839,697)			$ 1,444	$ 6,181,692	55,872,345	(65,983,079)	87,901
Balance, shares at Dec. 31, 2021		249	51	842,002	13,390,287,415
Balance, amount at Dec. 31, 2021	(3,265,586)	$ 0	$ 0	$ 842	$ 13,390,287	51,073,155	(67,808,598)	78,728
Common stock issued for debt conversion, shares					375,000,000
Common stock issued for debt conversion, amount	150,000				$ 375,000	(225,000)
Net loss	(651,389)						(646,802)	(4,587)
Common stock issued for conversion of preferred stock series C, shares				(154,242)	1,542,420,000
Common stock issued for conversion of preferred stock series C, amount	0			$ (154)	$ 1,542,420	(1,542,266)
Common Stock issued for employment agreement, shares					133,902,874
Common Stock issued for employment agreement, amount	53,561				$ 133,903	(80,342)
Balance, shares at Mar. 31, 2022		249	51	687,760	15,441,610,289
Balance, amount at Mar. 31, 2022	(3,713,414)	$ 0	$ 0	$ 688	$ 15,441,610	49,225,547	(68,455,400)	74,141
Balance, shares at Dec. 31, 2021		249	51	842,002	13,390,287,415
Balance, amount at Dec. 31, 2021	(3,265,586)	$ 0	$ 0	$ 842	$ 13,390,287	51,073,155	(67,808,598)	78,728
Net loss	(1,279,297)
Common Stock issued for employment agreement, amount	53,561
Balance, shares at Jun. 30, 2022		249	51	687,760	15,608,276,956
Balance, amount at Jun. 30, 2022	(4,291,322)	$ 0	$ 0	$ 688	$ 15,608,277	49,108,880	(69,078,721)	69,554
Balance, shares at Mar. 31, 2022		249	51	687,760	15,441,610,289
Balance, amount at Mar. 31, 2022	(3,713,414)	$ 0	$ 0	$ 688	$ 15,441,610	49,225,547	(68,455,400)	74,141
Net loss	(627,908)						(623,321)	(4,587)
Common Stock issued for Letter of Intent, shares					166,666,667
Common Stock issued for Letter of Intent, amount	50,000				$ 166,667	(116,667)
Balance, shares at Jun. 30, 2022		249	51	687,760	15,608,276,956
Balance, amount at Jun. 30, 2022	$ (4,291,322)	$ 0	$ 0	$ 688	$ 15,608,277	$ 49,108,880	$ (69,078,721)	$ 69,554

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DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

6 Months Ended

Jun. 30, 2022

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Description Of Business And Basis Of Presentation

 NOTE 1.  DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Beyond Commerce, Inc. (the “Company”, “we” and “our”), has a planned business objective to develop, acquire, and deploy disruptive strategic software technology and market-changing business models through selling our own products and the acquisitions of existing companies. The Company currently owns and operates a data company and is actively seeking acquisition opportunities in high growth sectors such as psychedelics, cryptocurrency, ESports and Logistics among others.

Basis of Presentation

The condensed consolidated financial statements and the notes thereto for the periods ended June 30, 2022 and 2021 included herein include the accounts of the Company, its wholly-owned subsidiary Service 800 Inc., and Customer Centered Strategies, LLC (“CCS”), which the Company has an 80% investment interest.

The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. All significant intercompany accounts and transactions have been eliminated in consolidation. Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”).

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SELECTED ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2022

SELECTED ACCOUNTING POLICIES

Selected Accounting Policies

NOTE 2. SELECTED ACCOUNTING POLICIES

Interim Financial Statements

These unaudited condensed consolidated financial statements as of and for the three (3) and six (6) months ended June 30, 2022 and 2021, respectively, reflect all adjustments including normal recurring adjustments, which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows for the periods presented in accordance with the accounting principles generally accepted in the United States of America.

These interim unaudited condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the years ended December 31, 2021 and 2020, respectively, which are included in the Company’s December 31, 2021 Annual Report on Form 10-K filed with the United States Securities and Exchange Commission on March 31, 2022. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited consolidated financial statements for the preceding period, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The results of operations for the three (3) and six (6) months ended June 30, 2022 are not necessarily indicative of results for the entire year ending December 31, 2022.

Use of Estimates

The preparation of consolidated financial statements and accompanying notes in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Estimates are used in the determination of depreciation and amortization and the valuation for non-cash issuances of equity instruments, income taxes, and contingencies, among others. Actual results could differ materially from these estimates.

Fair Value Measurements

	June 30, 2022 Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Liabilities
Derivative Liabilities	$	-	$	-	$	545,293	$	545,293
Total	$	-	$	-	$	545,293	$	545,293

	December 31, 2021 Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Liabilities
Derivative Liabilities	$	-	$	-	$	532,384	$	532,384
Total	$	-	$	-	$	532,384	$	532,384

Derivative liability as of December 31, 2021	$	532,384
Change in derivative liability during the period		12,909
Balance at June 30, 2022	$	545,293

Management considers all of its derivative liabilities to be Level 3 liabilities.

Revenue Recognition

The Company recognizes revenue in accordance with FASB ASC Subtopic 606-10, Revenue Recognition. We recognize revenue as we transfer control of deliverables (products, solutions and services) to our customers in an amount reflecting the consideration to which we expect to be entitled. To recognize revenue, we apply the following five step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied. We account for a contract based on the terms and conditions the parties agree to, the contract has commercial substance and collectability of consideration is probable. The Company applies judgment in determining the customer’s ability and intention to pay, which is based on a variety of factors including the customer’s historical payment experience.

The majority of the Company’s revenue is generated by the completion of a survey. Revenue is recognized and customers are billed at the point in time a survey occurs or when a related service is complete. The Company may require a deposit from new customers for set up costs or as down payments. These amounts are not significant to the financial statements.

Valuation of Derivative Instruments

ASC 815 “Derivatives and Hedging” requires that embedded derivative instruments be bifurcated and assessed, along with free-standing derivative instruments such as warrants, on their issuance date and measured at their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the Black-Scholes option pricing formula. Upon conversion of a note where the embedded conversion option has been bifurcated and accounted for as a derivative liability, the Company records the shares at fair value, relieves all related notes, derivatives and debt discounts, and recognizes a net gain or loss on debt extinguishment.

Management used the following inputs to value the Derivative Liabilities for the six months ended June 30, 2022:

	June 30, 2022 Derivative Liability
Expected term	1 year
Exercise price	$	0.00008
Expected volatility		270	%
Expected dividends	None
Risk-free rate		2.80	%

Recent Accounting Pronouncements

The Company reviews all of the Financial Accounting Standard Board’s updates periodically to ensure the Company’s compliance of its accounting policies and disclosure requirements to the Codification Topics.

In August 2020, the Financial Accounting Standards Board (“FASB”) issued a new standard (ASU 2020-06) to reduce the complexity of accounting for convertible debt and other equity-linked instruments. The ASU simplifies accounting for convertible instruments by removing major separation models required under current Generally Accepted Accounting Principles (GAAP). Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas. As a result, the new standard may affect net income and EPS, and therefore performance measures, and increase debt levels which may impact debt covenant compliance.

ASU 2020-06 is effective for public business entities that meet the definition of a Securities and Exchange Commission (SEC) filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the standard will be effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption will be permitted.

The Company will continue to monitor these emerging issues to assess any potential future impact on its financial statements. The Company has taken the position that any future standards will not be disclosed to the extent they are not material to our operations.

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GOING CONCERN

6 Months Ended

Jun. 30, 2022

GOING CONCERN

Going Concern

NOTE 3. GOING CONCERN

The Company’s financial statements are prepared using GAAP, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. Because of recent events, the Company cannot state with certainty of its ability to continue as a going concern. The accompanying consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

The Company has suffered losses from operations and has a working capital deficit, and negative cash flows from operations which raise substantial doubt about its ability to continue as a going concern. Management is taking steps to raise additional funds to address its operating and financial cash requirements to continue operations in the next twelve months. Management has devoted a significant amount of time in attempting to raise capital from additional debt and equity financing. Due to its nominal revenues, the Company’s ability to continue as a going concern is dependent upon raising additional funds through debt and equity financing and generating revenue, including through the acquisition of Service 800 and CCS or through a merger transaction with a well-capitalized entity. There are no assurances the Company will receive the necessary funding or generate revenue necessary to fund operations. If we are unable to obtain additional funds, or if the funds cannot be obtained on terms favorable to us, we will be required to delay, scale back or eliminate our plans to continue to develop and expand our operations or in the extreme situation, cease operations altogether.

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INVESTMENTS

6 Months Ended

Jun. 30, 2022

INVESTMENTS

Investments

NOTE 4. INVESTMENTS

On November 23, 2021, the Company entered into a simple agreement for future equity (the “SAFE”) with Cityfreighter, Inc. (“Cityfreighter”), pursuant to which the Company invested $250,000 (the “Purchase Amount”). Cityfreighter is a California based developer of electric low-floor trucks for the last mile delivery industry. Beyond Commerce received customary representations and warranties from Cityfreighter. The SAFE provides the Company with the right to either (a) future equity in Cityfreighter when it completes an Equity Financing (as defined below), or (b) future equity in Cityfreighter or cash proceeds if there is a liquidity or dissolution event.

On December 2, 2021 the Company executed a binding Letter of Intent (“LOI”) with Elettricars (of Italy) to attain the exclusive U.S. rights to its low-speed electric vehicle (“LSEV”). Elettricars is focused on manufacturing and commercializing a low-speed electric vehicle (“LSEV”), a 4-wheeled motor vehicle, not an ATV, with a top speed of 25 mph and weighs less than 3,000 lbs. The Company paid Elettricars an initial payment in the amount of $50,000 in connection with the execution of a Definitive Agreement, which was being held in escrow. During the first quarter the parties determined not to proceed with the transaction and the $50,000 in escrow was returned to the Company.

On April 8, 2022, the Company executed a binding Letter of Intent (“LOI”) with Electric Built, Inc., headquartered in Inglewood, California. The acquisition will provide the Company exclusive access to Electric Built’s commercial business know-how, intellectual property, and business relationships and operations in electric vehicle fleet service. The Company paid Electric Built an initial payment in the amount of $50,000 in shares of restricted common stock of Beyond Commerce in connection with the execution of a Definitive Agreement, which shares are being held in escrow. If the closing has not occurred prior to the termination date in the Definitive Agreement, Electric Built shall release such shares and return to the shares to the Company.

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SHORT AND LONG TERM BORROWINGS

6 Months Ended

Jun. 30, 2022

SHORT AND LONG TERM BORROWINGS

Short And Long Term Borrowings

NOTE 5. SHORT- AND LONG-TERM BORROWINGS

Short-term and Long-term borrowings, consist of the following:	June 30,		December 31,
Short term debt;	2022		2021
Convertible Promissory Notes, bearing an annual interest rate of 24% secured, past due	$	112,259	$	112,259
Short-Term Note – Jean Mork Bredeson cash deficit holdback, 15%, past due		210,000		210,000
Short-Term Note – Jean Mork Bredeson purchase allocation, 15%, past due		1,409,169		1,409,169
Promissory Note – bearing annual interest rate of 3.25%		1,200,000		-
Convertible promissory note, related party interest rate 2.0%		1,350,000		1,500,000
Total short-term debt	$	4,281,428	$	3,231,428

Long term debt;
Funding from the SBA Program, annual interest of 3.75%, due 03/30/2051		150,000		150,000
Promissory Note – Jean Mork Bredeson, interest rate 5.5%, due 2/28/2022, past due		2,100,000		2,100,000
Senior Secured Redeemable Debenture, bearing an annual interest rate of 16%, due 12/31/2021, long term, past due		826,547		826,547
Total short-term and long-term borrowings, before debt discount		7,357,975		6,307,975
Less debt discount		150,000		(17,719	)
Total short-term and long-term borrowings, net	$	7,207,975	$	6,290,256
Short-term and Long-term borrowings, consist of the following:
Short-term borrowings – net of discount	$	4,131,438	$	3,231,428
Long-term borrowings – net of discount		3,076,547		3,058,828
Total Short-Term and long term borrowings – net of discount	$	7,207,975	$	6,290,256

On November 27, 2018, the Company received funding in conjunction with a convertible promissory note and a security purchase agreement dated November 27, 2018, in the amount of $250,000. The lender was Auctus Fund LLC. The notes have a maturity of August 27, 2019 and interest rate of 12% per annum and are convertible at a price of 60% of the lowest trading price on the primary trading market on which the Company’s Common Stock is then listed for the twenty-five (25) trading days immediately prior to conversion. Additionally, if the stock price falls below par value, additional shares will be issued at the lower conversion rate so that stocks continue to be issued at par value. The note may be prepaid but carries a penalty in association with the remittance amount, as there is an accretion component to satisfy the note with cash. The Company is currently negotiating an extension with the noteholder as it is currently past due. As a result of a default provision, the interest rate has increased to 24% and additional principal was added in the amount of $15,000. As of June 30, 2022, the outstanding balance is $112,259.

Effective February 28, 2019 as a component of the closing of the business combination between Beyond Commerce, Inc. and Service 800, Jean Mork Bredeson, Founder and President of Service 800, the Company issued a $2,100,000 three-year 5.5% promissory note to Ms. Bredeson. Interest only payments are required during the first year of the note. The $2,100,000 promissory note is personally guaranteed by the estate of George Pursglove whose executor is Geordan Pursglove, the Company’s President and CEO.

As a component of the Service 800 transaction, in lieu of the entire cash payment of $2,100,000 being made to Ms. Bredeson, a $210,000 amount was to be withheld until May 30, 2019 and continues to be outstanding. This note does not carry any interest obligations. Also, as all cash and accounts receivables at the effective date of the closing were to be retained by Ms. Bredeson, this allocation of cash is to be distributed quarterly on a non interest basis as true-ups are derived, which amounted to $1,409,169 as of June 30, 2022 and December 31 2021, respectively. Although holdbacks did not initially include interest obligations, we agreed to begin accruing interest at 15% in October 2019.

On March 30, 2021 the Company through its Service 800 Inc. subsidiary, received $150,000 in funding in conjunction with a promissory note under the SBA Loan Program. Borrower will be obligated to repay to the Bank the total outstanding balance remaining due under the Loan, including principal and interest. This loan is a 30-year term note, bearing 3.75% interest due March 30, 2051. Installment payments, including principal and interest, of $731 monthly, will begin September 1. 2023.

On July 19, 2021, the Company issued a convertible promissory note (the “Note”) in favor of Geordan G. Pursglove, the Company’s Chairman and Chief Executive Officer, in the principal amount of $1,500,000, in satisfaction of Mr. Pursglove’s accrued salary owing of $1,239,800 and recognized a $260,200 loss on extinguishment of debt. The Note accrues interest at 2% per annum, with the principal and interest payments due in twelve equal monthly installments. At the holder’s election, the Note is convertible into shares of the Company’s common stock, at a price per share equal to 100% of the average closing price of the Company’s common stock for the five trading days immediately preceding the date of such conversion (the “Conversion Price”). The cash maturity date is July 19, 2022. There was a conversion of $150,000 in Quarter one, which can be referred to in Note 6.

On April 1, 2022, the “Company entered into a promissory note (the “Note”) in favor of Discover Growth Fund, LLC (the “Discover”), in the aggregate principal amount of $1,200,000 for which the Company received $1,000,000 in cash, reflecting an original issuance discount of 20%, with repayment to be made not later than April 1, 2023. Pursuant to the Note, at any time and from time to time Discover may, in its sole discretion, subject to certain ownership limitations, convert all or any portion of the then outstanding balance of the Note into shares of the common stock of the Company at a price per share equal to the closing bid price on March 31, 2022 of $0.0003. The Company recorded a debt discount of $200,000 for the original issue discount amortizable over the succeeding twelve months in accordance with ASC 835-30-45. Interest expense of $50,000 was recorded for the three and six months ended June 30, 2022.

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COMMON STOCK AND PREFERRED STOCK

6 Months Ended

Jun. 30, 2022

COMMON STOCK AND PREFERRED STOCK

Common Stock And Preferred Stock

NOTE 6. COMMON STOCK AND PREFERRED STOCK

Common Stock

As of June 30, 2022, our authorized capital stock consisted of 30,000,000,000 shares of common stock, par value $0.001 per share.

During the six months ended, June 30, 2022, the Company issued 375,000,000 shares valued at $150,000 at a price per share of $0.0004 for the conversion of certain debt and accrued interest into shares of our stock and extinguishment of debt. Additionally, the Company issued 1,542,420,000 shares valued at $1,542,420 at a price per share of $0.001 for the conversion of Series C Preferred Stock and issued 133,902,874 shares valued at $53,561 at a price per share of $0.0004 as part of the Company’s employment agreement with the Chief Financial Officer, Peter Stazzone.

On April 8, 2022, the Company executed a binding Letter of Intent (“LOI”) with Electric Built, Inc. The Company paid Electric Built an initial payment in the amount of 166,666,667 shares of restricted common stock at a value of $50,000  at a price per share of $0.0003 of Beyond Commerce in connection with the execution of a Definitive Agreement, which is being held in escrow. If the closing has not occurred prior to the termination date in the Definitive Agreement, Electric Built shall release such shares and return to the Company.

Holders of common stock are entitled to one vote per share on all matters submitted to a vote of the stockholders, including the election of directors. Except as otherwise required by law, the holders of our common stock possess all voting power. Generally, all matters to be voted on by stockholders must be approved by a majority (or, in the case of election of directors, by a plurality) of the votes entitled to be cast by all shares of our common stock that are present in person or represented by proxy. A vote by the holders of a majority of our outstanding shares is required to effectuate certain fundamental corporate changes such as liquidation, merger or an amendment to our Articles of Incorporation. Our Articles of Incorporation do not provide for cumulative voting in the election of directors. Holders of our common stock have no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to our common stock.

Preferred Stock

In March 2021, we approved authorization to issue up to 60,000,400 shares of preferred stock, which are designated Series A, B, C and undesignated Preferred Stock. As of November 14, 2021, we have 249.9999 shares of Series A Preferred Stock issued and outstanding.

We have designated 250 shares of Series A Convertible Preferred Stock, par value of $0.001 per share (the “Series A Preferred Stock”).

The Series A Preferred Stock will, with respect to each holder of the Series A Preferred Stock, be entitled to three million (3,000,000) votes for each share of Series A Preferred Stock standing in his, her or its name on the books of the corporation. Each share of Series A Preferred Stock is convertible, at the option of the holder, into one million shares of Common Stock. The Series A Preferred Stock is entitled, in the event of any voluntary liquidation, dissolution or winding up of the Corporation, to receive payment or distribution of a preferential amount before any payments or distributions are received by any class or series of common stock. Subject to the prior or equal rights of the holders of all classes of stock at the time outstanding having prior or equal rights as to dividends and ranking ahead of the Common Stock, the holders of the Series A Preferred Stock shall be entitled to therefore receive, when and as declared by the Board of Directors, out of any assets of the Corporation legally available, such dividends as may be declared from time to time by the Board of Directors.

We have designated 51 shares of Series B Convertible Preferred Stock, par value of $0.001 per share (the “Series B Preferred Stock”). One (1) share of the Series B Preferred Stock shall have voting rights equal to (x) 0.019607 multiplied by the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator. For the avoidance of doubt, if the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote is 5,000,000, the voting rights of one share of the Series B Preferred Stock shall be equal to 102,036 (e.g., ((0.019607 x 5,000,000) / 0.49) – (0.019607 x 5,000,000) = 102,036).

With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series B Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation’s Articles of Incorporation or by-laws. Such concentrated control of the Company may adversely affect the price of our common stock. A stockholder that acquires common stock will not have an effective voice in the management of the Company.

We have designated 50,000,000 shares of Series C Convertible Preferred Stock, par value of $0.001 per share (the “Series C Preferred Stock”).

The Series C Preferred Stock will, with respect to dividend rights and rights upon liquidation, winding-up or dissolution, rank: (a) pari passu with the Corporation’s Common Stock, $0.001 par value per share (“Common Stock”); (b) junior to all other series of Preferred Stock, as such may be designated as of the date of this Designation, or which may be designated by the Corporation after the date of this Designation (the “Other Preferred”), and (c) junior to all existing and future indebtedness of the Corporation.

Holders of the Series C Preferred Stock shall vote on all matters requiring a vote of the shareholders of the Corporation, together with the holders of shares of Common Stock and other classes of Preferred Stock entitled to vote, as a single class. Subject to the applicable beneficial ownership limitation, each Holder shall be entitled to the whole number of votes equal to the number of shares of Common Stock into which such holder’s Preferred Shares would be convertible using the record date for determining the stockholders of the Corporation eligible to vote on such matters as the date as of which the number of Conversion Shares is calculated. Holders of the Series C Preferred Stock will also be entitled to vote as a separate class with respect to any matter as to which such voting rights are required by applicable law.

During the first quarter of 2022, 154,242 shares of Series C Convertible Preferred Stock were converted to 1,542,420,000 shares of common stock. No shares of Series C Convertible Preferred Stock were converted during the second quarter of 2022.

During the first quarter of 2021, the Company issued 1,566,905 shares of Series C Preferred, valued at $3,837,647. This was part of a settlement the Company reached with Discover to redeem the secured redeemable convertible debenture dated August 7, 2018. The valuation was derived from a loss on extinguishment of debt of $3,435,695 that represents the fair value of debt forgiveness, less the issuance of 598,048,320 common stock shares valued at par of $0.001, plus cash proceeds to the Company of $1,000,000 from the SPA that the Company entered into.

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COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2022

COMMITMENTS AND CONTINGENCIES

Commitments And Contingencies

NOTE 7. COMMITMENTS AND CONTINGENCIES

Legal Matters

A complaint against the Company, dated February 5, 2020, has been filed in Hennepin County, Minnesota, by Jean Mork Bredeson, the former President and former owner of Service 800, making certain claims related to the Company’s acquisition of Service 800, seeking in excess of $1.6 million in damages. On March 16, 2020, the Company and Service 800 filed an answer, counterclaim and third-party claim against Ms. Bredeson and defendants Allen Bredeson and Jeff Schwedinger, former employees of Service 800. Answers and Affirmative and Additional Defenses to Third Party Claims were filed by Ms. Bredeson on April 7, 2020 and by Mr. Schwedinger on April 9, 2020 and, on April 24, 2020, Ms. Bredeson filed a Motion to Dismiss. The Court denied in full Ms. Bredeson’s motion to dismiss or for a more definite statement. Subsequently, using a wholly owned entity she controls, Ms. Bredeson filed another matter, captioned Green Valley Associates Inc. vs Service 800 Inc., 27-CV-20-13800. Although Ms. Bredeson is seeking to have the matters handled by separate judges, the Company sought consolidation of the two matters before Judge Klein, the judge who denied Ms. Bredeson’s motion to dismiss, but the consolidation was denied. Ms. Bredeson also has since filed, and then withdrawn, other motions, without allowing them to reach Judge Klein. Ms. Bredeson’s motion for summary judgment was ruled against by Judge Klein. The discovery has closed in both cases. On March 14, 2022 the judge granted the Company’s motion for sanctions against Bredeson for spoilation of documents that were likely to be relevant in the case. The judge also found that the Company was likely to be prejudiced by her conduct, so a sanction was warranted. On March 23, 2022 the judge granted the plaintiff’s motion for reimbursement of legal services by the Company incurred in opposing counterclaims brought by the Company in the amount of $95,506 as allowed by Minnesota statutes. An order for Pretrial has been ordered for September 19,2022. If the matter is not resolved at that time, a trial date has been set for October 3, 2022.

The Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 5, states that a firm must distinguish between losses that are probable, reasonably probable or remote. If a contingent liability is deemed probable, it must be directly reported in the financial statements. In July 2010, the FASB issued ASC 450-20 that updated the Standard and uses “probable,” “reasonably possible,” and “remote” to determine the likelihood of the future event that will confirm a loss, an impairment of an asset, or the incurrence of a liability.

Accrual of a loss contingency is required when (1) it is probable that a loss has been incurred at the date of the financial statements and (2) the amount can be reasonably estimated. No accrual has been made in the above matter as the determination is that a loss is not probable as of June 30, 2022 nor can a loss be reasonably estimated.

In addition to the above, from time to time, we may be involved in litigation in the ordinary course of business. Other than as set forth above, we are not currently involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations.

Coronavirus Pandemic

In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic, which continues to spread throughout the United States of America. The ultimate impact of the COVID-19 pandemic on our results of operations and financial condition is dependent on future developments, including the duration of the pandemic and the related extent of its severity, as well as its impact on the economic conditions, which remain uncertain and cannot be predicted at this time. If the global response to contain the COVID-19 pandemic is unsuccessful, or if governmental decisions to ease pandemic related restrictions are ineffective, premature or counterproductive, the Company could experience a material adverse effect on the Company’s financial condition, results of operations and cash flows. Therefore, while we expect this matter to have an impact our business, the impact to our results of operations and financial position cannot be reasonably estimated at this time.

Russia-Ukraine conflict

The Russian-Ukraine conflict is a global concern. The Company does not have any direct exposure to Russia or Ukraine through its operations, employee base, investments or sanctions. We have no basis to evaluate the possible risks of this conflict.

Other than as set forth above, to our knowledge, there is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of our executive officers or any of our subsidiaries, threatened against or affecting our Company, our common stock, any of our subsidiaries or any of our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

Operating Lease

We currently lease virtual office space at 3773 Howard Hughes Parkway, Suite: 500 Las Vegas, NV 89169. We pay an annual fee of $120 for this lease. There is also a location in Minnesota for Service 800, Inc. On February 20, 2020 the company moved Service 800, Inc. to 110 Cheshire Lane, Minnetonka Minnesota 55305. Service 800 leases 3,210 square feet of office space under an operating lease agreement with Carlson Center East LLC. The lease, which expires June 30, 2023, requires base monthly rents of $4,160, plus operating expenses.

The public entity guidance in ASU 2016-02, Leases (Topic 842) requires lessees to recognize substantially all leases on their balance sheets as lease liabilities with a corresponding right-of-use asset. Our accounting policy is to keep leases with an initial term of 12 months or less off of the balance sheet.

The Company leases office space under an operating lease. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments under the lease. Operating lease, right-of-use assets, and liabilities are recognized at the lease commencement date based on the present value of lease payments over the reasonably certain lease term. The implicit rates with the Company’s operating leases are generally not determinable and the Company uses its incremental borrowing rate at the lease commencement date to determine the present value of its lease payments. The determination of the Company’s incremental borrowing rate requires judgement. The company determines its incremental borrowing rate for each lease using its then-current borrowing rate. Certain of the Company’s leases may include options to extend or terminate the lease. The Company establishes the number of renewal options periods used in determining the operating lease term based upon its assessment at the inception of the operating lease. The option to renew the lease may be automatic, at the option of the Company, or mutually agreed to between the landlord and the Company. Once the facility lease term has begun, the present value of the aggregate future minimum lease payments is recorded as a right-of-use asset.

Lease expense is recognized on a straight-line basis over the term of the lease. There are no options to extend or terminate the leases. The Company has no other leases yet to commence.

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RELATED PARTIES

6 Months Ended

Jun. 30, 2022

RELATED PARTIES

Related Parties

NOTE 8. RELATED PARTIES

On July 19, 2021, the Company issued a convertible promissory note (the “Note”) in favor of Geordan G. Pursglove, the Company’s Chairman and Chief Executive Officer, in the principal amount of $1,500,000, in satisfaction of Mr. Pursglove’s accrued salary owing of $1,239,800 and $260,200 for loss on settlement. The Note accrues interest at 2% per annum, with the principal and interest payments due in twelve equal monthly installments. At the holder’s election, the Note is convertible into shares of the Company’s common stock, at a price per share equal to 100% of the average closing price of the Company’s common stock for the five trading days immediately preceding the date of such conversion (the “Conversion Price”). The cash maturity date is July 19, 2022. On February 8, 2022 there was a conversion of $150,000 worth of shares issued.

During the first quarter of 2022, the Company issued 133,902,874 shares of common stock valued at $53,561 as part of the Company’s employment agreement with the Chief Financial Officer, Peter Stazzone.

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NET INCOME (LOSS) PER SHARE OF COMMON STOCK

6 Months Ended

Jun. 30, 2022

NET INCOME (LOSS) PER SHARE OF COMMON STOCK

Net Income (loss) Per Share Of Common Stock

NOTE 9. NET INCOME (LOSS) PER SHARE OF COMMON STOCK

The Company follows ASC 260-10, which requires presentation of basic and diluted Earnings per Share (“EPS”) on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying consolidated financial statements, basic net income (loss) per share of common stock is computed by dividing the net income (loss) by the weighted average number of shares of common stock outstanding during the year. Basic net income (loss) per common share is based upon the weighted average number of common shares outstanding during the period. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.

Convertible debt that is convertible into 8,780,883,321 and 370,602,246 shares of the Company’s common stock are not included in the computation, along with 249,999,900 and 249,999,900 of the Company’s preferred stock after conversion, as of June 30, 2022 and 2021, respectively. As of June 30, 2022, there are 687,760 shares of series C preferred stock issued and outstanding that are convertible into 6,877,600,000 shares of common stock. Additionally, there are 16,666,667 and 16,666,667 warrants that are exercisable into shares of stock as of June 30, 2022 and 2021, respectively.

The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computations for the three and six - month periods ended June 30, 2022 and 2021:

	Six-month period ended June 30,						Three-month period ended June 30,
	2022			2021			2022			2021
Loss from continuing operations	$	(1,279,297	)	$	(7,346,362	)	$	(627,908	)	$	(1,051,317	)
Consolidated net loss	$	(1,279,297	)		(7,346,362	)	$	(627,908	)	$	(1,051,317	)
Weighted average shares used for diluted earnings per share		15,589,961,838			4,850,306,210			14,834,207,405			5,604,768,785
Incremental Diluted Shares	-		*	-		*	-		*	-		*
Weighted Average shares used for diluted earnings per share		15,589,961,938			4,850,306,210			14,834,207,405			5,604,768,785
Net income (loss) per share:
Basic and Diluted:    continuing operations	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic and Diluted: discontinued operations	$	-		$	-		$	-		$	-
Total Basic and Diluted loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

* The shares associated with convertible debt, preferred stock, stock options and stock warrants are not included because the inclusion would be anti-dilutive (i.e., reduce the net loss per common share).

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SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2022

SUBSEQUENT EVENTS

Subsequent Events

NOTE 10. SUBSEQUENT EVENTS

On July 13, 2022, 79,175 shares of Series C Convertible Preferred Stock were converted to 791,750,000 shares of common stock.

                On July 13, 2022 the Company signed a definitive agreement to acquire Electric Built, Inc. headquartered in Inglewood, California. The Company had initially executed a binding Letter of Intent (“LOI”) on April 8, 2022 with Electric Built, Inc. The acquisition is expected to close by September 20, 2022.

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SELECTED ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2022

SELECTED ACCOUNTING POLICIES

Interim Financial Statements

These unaudited condensed consolidated financial statements as of and for the three (3) and six (6) months ended June 30, 2022 and 2021, respectively, reflect all adjustments including normal recurring adjustments, which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows for the periods presented in accordance with the accounting principles generally accepted in the United States of America.

These interim unaudited condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the years ended December 31, 2021 and 2020, respectively, which are included in the Company’s December 31, 2021 Annual Report on Form 10-K filed with the United States Securities and Exchange Commission on March 31, 2022. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited consolidated financial statements for the preceding period, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The results of operations for the three (3) and six (6) months ended June 30, 2022 are not necessarily indicative of results for the entire year ending December 31, 2022.

Use Of Estimates

The preparation of consolidated financial statements and accompanying notes in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Estimates are used in the determination of depreciation and amortization and the valuation for non-cash issuances of equity instruments, income taxes, and contingencies, among others. Actual results could differ materially from these estimates.

Fair Value Measurements

	June 30, 2022 Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Liabilities
Derivative Liabilities	$	-	$	-	$	545,293	$	545,293
Total	$	-	$	-	$	545,293	$	545,293

	December 31, 2021 Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Liabilities
Derivative Liabilities	$	-	$	-	$	532,384	$	532,384
Total	$	-	$	-	$	532,384	$	532,384

Derivative liability as of December 31, 2021	$	532,384
Change in derivative liability during the period		12,909
Balance at June 30, 2022	$	545,293

Management considers all of its derivative liabilities to be Level 3 liabilities.

Revenue Recognition

The Company recognizes revenue in accordance with FASB ASC Subtopic 606-10, Revenue Recognition. We recognize revenue as we transfer control of deliverables (products, solutions and services) to our customers in an amount reflecting the consideration to which we expect to be entitled. To recognize revenue, we apply the following five step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied. We account for a contract based on the terms and conditions the parties agree to, the contract has commercial substance and collectability of consideration is probable. The Company applies judgment in determining the customer’s ability and intention to pay, which is based on a variety of factors including the customer’s historical payment experience.

The majority of the Company’s revenue is generated by the completion of a survey. Revenue is recognized and customers are billed at the point in time a survey occurs or when a related service is complete. The Company may require a deposit from new customers for set up costs or as down payments. These amounts are not significant to the financial statements.

Valuation Of Derivative Instruments

ASC 815 “Derivatives and Hedging” requires that embedded derivative instruments be bifurcated and assessed, along with free-standing derivative instruments such as warrants, on their issuance date and measured at their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the Black-Scholes option pricing formula. Upon conversion of a note where the embedded conversion option has been bifurcated and accounted for as a derivative liability, the Company records the shares at fair value, relieves all related notes, derivatives and debt discounts, and recognizes a net gain or loss on debt extinguishment.

Management used the following inputs to value the Derivative Liabilities for the six months ended June 30, 2022:

	June 30, 2022 Derivative Liability
Expected term	1 year
Exercise price	$	0.00008
Expected volatility		270	%
Expected dividends	None
Risk-free rate		2.80	%

Recent Accounting Pronouncements

The Company reviews all of the Financial Accounting Standard Board’s updates periodically to ensure the Company’s compliance of its accounting policies and disclosure requirements to the Codification Topics.

In August 2020, the Financial Accounting Standards Board (“FASB”) issued a new standard (ASU 2020-06) to reduce the complexity of accounting for convertible debt and other equity-linked instruments. The ASU simplifies accounting for convertible instruments by removing major separation models required under current Generally Accepted Accounting Principles (GAAP). Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas. As a result, the new standard may affect net income and EPS, and therefore performance measures, and increase debt levels which may impact debt covenant compliance.

ASU 2020-06 is effective for public business entities that meet the definition of a Securities and Exchange Commission (SEC) filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the standard will be effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption will be permitted.

The Company will continue to monitor these emerging issues to assess any potential future impact on its financial statements. The Company has taken the position that any future standards will not be disclosed to the extent they are not material to our operations.

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SELECTED ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

SELECTED ACCOUNTING POLICIES

Schedule Of Derivative Liabilities At Fair Value

	June 30, 2022 Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Liabilities
Derivative Liabilities	$	-	$	-	$	545,293	$	545,293
Total	$	-	$	-	$	545,293	$	545,293

	December 31, 2021 Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Liabilities
Derivative Liabilities	$	-	$	-	$	532,384	$	532,384
Total	$	-	$	-	$	532,384	$	532,384

Derivative liability as of December 31, 2021	$	532,384
Change in derivative liability during the period		12,909
Balance at June 30, 2022	$	545,293

Schedule Of Assumptions Used

	June 30, 2022 Derivative Liability
Expected term	1 year
Exercise price	$	0.00008
Expected volatility		270	%
Expected dividends	None
Risk-free rate		2.80	%

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SHORT AND LONGTERM BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2022

SHORT AND LONGTERM BORROWINGS (Tables)

Schedule Of Short-term And Long-term Borrowings

Short-term and Long-term borrowings, consist of the following:	June 30,		December 31,
Short term debt;	2022		2021
Convertible Promissory Notes, bearing an annual interest rate of 24% secured, past due	$	112,259	$	112,259
Short-Term Note – Jean Mork Bredeson cash deficit holdback, 15%, past due		210,000		210,000
Short-Term Note – Jean Mork Bredeson purchase allocation, 15%, past due		1,409,169		1,409,169
Promissory Note – bearing annual interest rate of 3.25%		1,200,000		-
Convertible promissory note, related party interest rate 2.0%		1,350,000		1,500,000
Total short-term debt	$	4,281,428	$	3,231,428

Long term debt;
Funding from the SBA Program, annual interest of 3.75%, due 03/30/2051		150,000		150,000
Promissory Note – Jean Mork Bredeson, interest rate 5.5%, due 2/28/2022, past due		2,100,000		2,100,000
Senior Secured Redeemable Debenture, bearing an annual interest rate of 16%, due 12/31/2021, long term, past due		826,547		826,547
Total short-term and long-term borrowings, before debt discount		7,357,975		6,307,975
Less debt discount		150,000		(17,719	)
Total short-term and long-term borrowings, net	$	7,207,975	$	6,290,256
Short-term and Long-term borrowings, consist of the following:
Short-term borrowings – net of discount	$	4,131,438	$	3,231,428
Long-term borrowings – net of discount		3,076,547		3,058,828
Total Short-Term and long term borrowings – net of discount	$	7,207,975	$	6,290,256

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NET INCOME (LOSS) PER SHARE OF COMMON STOCK (Tables)

6 Months Ended

Jun. 30, 2022

NET INCOME (LOSS) PER SHARE OF COMMON STOCK (Tables)

Schedule Of Earnings Per Share, Basic And Diluted

	Six-month period ended June 30,						Three-month period ended June 30,
	2022			2021			2022			2021
Loss from continuing operations	$	(1,279,297	)	$	(7,346,362	)	$	(627,908	)	$	(1,051,317	)
Consolidated net loss	$	(1,279,297	)		(7,346,362	)	$	(627,908	)	$	(1,051,317	)
Weighted average shares used for diluted earnings per share		15,589,961,838			4,850,306,210			14,834,207,405			5,604,768,785
Incremental Diluted Shares	-		*	-		*	-		*	-		*
Weighted Average shares used for diluted earnings per share		15,589,961,938			4,850,306,210			14,834,207,405			5,604,768,785
Net income (loss) per share:
Basic and Diluted:    continuing operations	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic and Diluted: discontinued operations	$	-		$	-		$	-		$	-
Total Basic and Diluted loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

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DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative)	Jun. 30, 2022
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION
Investment interest rate	80.00%

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SELECTED ACCOUNTING POLICIES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Derivative Liabilities	$ 545,293	$ 532,384
Total	545,293	532,384
Level 1
Derivative Liabilities	0	0
Total	0	0
Level 2
Derivative Liabilities	0	0
Total	0	0
Level 3
Derivative Liabilities	545,293	532,384
Total	$ 545,293	$ 532,384

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SELECTED ACCOUNTING POLICIES (Details 1)	6 Months Ended
	Jun. 30, 2022 USD ($)
SELECTED ACCOUNTING POLICIES
Derivative Liabilities, Beginning	$ 532,384
Change In Derivative Liability During The Period	12,909
Derivative Liabilities, Ending	$ 545,293

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SELECTED ACCOUNTING POLICIES (Details 2)	6 Months Ended
	Jun. 30, 2022 $ / shares
SELECTED ACCOUNTING POLICIES
Expected Term	1 year
Exercise Price	$ 0.00008
Expected Volatility	270.00%
Expected Dividends	0.00%
Risk-free Rate	2.80%

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INVESTMENTS (Details Narrative) - USD ($)	Apr. 08, 2022	Mar. 31, 2022	Dec. 02, 2021	Nov. 23, 2021
INVESTMENTS
Fund Invested By Company				$ 250,000
Escrow Payment		$ 50,000
Initial Payment To Ellectriars	$ 50,000		$ 50,000

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SHORT AND LONGTERM BORROWINGS (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Short Term Debt	$ 4,281,428	$ 3,231,428
Total Short-term And Long Term Borrowings, Before Debt Discount	7,357,975	6,307,975
Less Debt Discount	150,000	(17,719)
Total Short-term And Long-term Borrowings, Net	7,207,975	6,290,256
Short-term Borrowings - Net Of Discount	4,131,438	3,231,428
Long-term Borrowings - Net Of Discount	3,076,547	3,058,828
Total Debt Net Of Discounts	7,207,975	6,290,256
Senior Secured Redeemable Debenture
Short Term Debt	826,547	826,547
Promissory Note
Short Term Debt	1,200,000	0
Related Party | SBA Program
Long Term Debt	150,000	150,000
Related Party | Short term note
Short Term Debt	210,000	210,000
Related Party | Short term note Two
Short Term Debt	1,409,169	1,409,169
Related Party | Promissory Note
Long Term Debt	2,100,000	2,100,000
Convertible Promissory Notes
Short Term Debt	112,259	112,259
Convertible Promissory Notes | Related Party
Short Term Debt	$ 1,350,000	$ 1,500,000

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SHORT AND LONGTERM BORROWINGS (Details Narrative) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended
	Jul. 19, 2021	Oct. 30, 2019	May 30, 2019	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest rate	100.00%
Proceeds From Convertible Promissory Note						$ 1,000,000	$ 775,000
Debt discount of original issue discount				$ 0	$ 26,562	0	$ 53,124
Jean Mork Bredeson
Interest rate		15.00%
Retained Cash And Accounts Receivables				1,409,169		$ 1,409,169
Cash Payment			$ 2,100,000
Withheld Amount			$ 210,000
Geordan Pursglove
Interest rate	2.00%
Issuance Of A Promissory Note	$ 1,500,000
Maturity Date	Jul. 19, 2022
Accrued Salary	$ 1,239,800
Loss On Settlement	$ 260,200
Closing bid price						$ 0.0003
Conversion Of Notes Payable						$ 150,000
November 27, 2018 [Member] | Auctus Fund LLC [Member]
Interest rate						12.00%
Proceeds From Convertible Promissory Note						$ 250,000
Debt Instrument Maturity Date						August 27, 2019
Revised Interest Rate						24.00%
Additional Proceeds From Convertible Promissory Note						$ 15,000
Convertible price						60.00%
Convertible Promissory Note Outstanding Balance				112,259		$ 112,259
February 28, 2019 Member | Jean Mork Bredeson
Interest rate						5.50%
Issuance Of A Promissory Note				2,100,000		$ 2,100,000
February 28, 2019 Member | Geordan Pursglove
Issuance Of A Promissory Note				2,100,000		$ 2,100,000
March 30, 2021 | SBA Loan Program
Interest rate						3.75%
Proceeds From Convertible Promissory Note						$ 150,000
Debt Instrument Maturity Date						March 30, 2051
Installment Payments Description						Installment payments, including principal and interest, of $731 monthly, will begin September 1. 2023
April 1, 2022 [Member] | Discover Growth Fund, LLC [Member] | Promissory Note [Member]
Aggregate principal amount of promissory note						$ 1,200,000
Promissory note received in cash						$ 1,000,000
Original issuance discount						20.00%
Debt discount of original issue discount						$ 200,000
Interest expense				$ 50,000		$ 50,000

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COMMON STOCK AND PREFERRED STOCK (Details Narrative) - USD ($)		3 Months Ended				6 Months Ended
	Apr. 08, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Nov. 14, 2021
Common Stock, Authorized		30,000,000,000				30,000,000,000		30,000,000,000
Common Stock, Par Value (in Dollars Per Share)		$ 0.001				$ 0.001		$ 0.001
Stock Issued For Debt Conversion, Amount			$ 53,561			$ 53,561
Voting rights shares						5,000,000
Common Stock Shares Issued		15,608,276,956				15,608,276,956		13,390,287,415
Loss on extinguishment of debt		$ 6,481		$ (521,004)		$ 6,481	$ (3,956,699)
Peter Stazzone
Stock Issued For Debt Conversion, Amount						$ 53,561
Stock Issued For Debt Conversion, Shares						133,902,874
Stock price per share		$ 0.0004				$ 0.0004
Preferred Stock, Shares Issued			133,902,874
Debt and Accrued Interest [Member]
Stock Issued For Debt Conversion, Amount						$ 150,000
Stock Issued For Debt Conversion, Shares						375,000,000
Stock price per share		0.0004				$ 0.0004
Investor [Member] | March 19, 2021 [Member]
Common Stock Shares Valued At Par			$ 0.001
Common Stock Shares Issued			598,048,320
Proceeds From Issuance Of Preferred Stock						$ 1,000,000
Loss on extinguishment of debt					$ 3,435,695
Electric Built, Inc
Stock price per share		0.0003				$ 0.0003
Resricted common stock, shares	166,666,667
Resricted common stock, value	$ 50,000
Series C Preferred Stock [Member]
Common Stock, Par Value (in Dollars Per Share)		$ 0.001				$ 0.001
Stock Issued For Debt Conversion, Amount						$ 1,542,420
Stock Issued For Debt Conversion, Shares						1,542,420,000
Preferred Stock, Shares Authorized		50,000,000			60,000,400	50,000,000
Common Stock Shares Issued Upon Conversion Of Series C Preferred Stock			1,542,420,000
Preferred Stock Converted, Shares			154,242
Preferred Stock, Shares Issued					1,566,905
Preferred Stock Share Value		$ 688			$ 3,837,647	$ 688		$ 842
Preferred Stock, Par Or Stated Value		$ 0.001				$ 0.001
Common Stock Shares Valued At Par			$ 0.001
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized		250			60,000,400	250		250
Preferred Stock, Shares Issued		249	249			249		249	249
Preferred Stock, Par Or Stated Value		$ 0.001				$ 0.001		$ 0.001
Preferred Stock Outstanding		249	249			249		249	249
Preferred Stock Vote Description						each holder of the Series A Preferred Stock, be entitled to three million (3,000,000) votes for each
Series B Preferred Stock [Member]
Voting rights shares						102,036
Preferred Stock, Shares Authorized		51			60,000,400	51		51
Preferred Stock, Shares Issued		51	51			51		51
Preferred Stock, Par Or Stated Value		$ 0.001				$ 0.001		$ 0.001
Preferred Stock Outstanding		51	51			51		51

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COMMITMENTS AND CONTINGENCIES (Details Narrative)	1 Months Ended	6 Months Ended
	Mar. 23, 2022 USD ($)	Jun. 30, 2022 USD ($) ft²
Annual Lease Fee		$ 120
Legal Matters Description		the Company’s acquisition of Service 800, seeking in excess of $1.6 million in damages
Reimbursement Of Legal Services	$ 95,506
Service 800
Monthly Rent		$ 4,160
Lease Area | ft²		3,210
Lease Expiration Date		Jun. 30, 2023

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RELATED PARTIES (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 19, 2021	Mar. 31, 2022	Feb. 08, 2022
Average closing price interest rate	100.00%
Geordan Pursglove
Average closing price interest rate	2.00%
Issuance Of a promissory note	$ 1,500,000		$ 150,000
Accrued salary	1,239,800
Loss on settlement	$ 260,200
Maturity date	Jul. 19, 2022
Peter Stazzone
Preferred stock, shares issued		133,902,874
Common stock value		$ 53,561

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NET INCOME (LOSS) PER SHARE OF COMMON STOCK (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
NET INCOME (LOSS) PER SHARE OF COMMON STOCK (Tables)
Loss From Continuing Operations	$ (627,908)		$ (1,051,317)		$ (1,279,297)	$ 7,346,362
Net loss	$ (627,908)	$ (651,389)	$ (1,051,317)	$ (6,295,045)	$ (1,279,297)	$ (7,346,362)
Weighted Average Shares Used For Diluted Earnings Per Share	14,834,207,405		5,604,768,785		15,589,961,838	4,850,306,210
Weighted Average Shares Used For Diluted Earnings Per Share	14,834,207,405		5,604,768,785		15,589,961,938	4,850,306,210
Net Loss Per Share:
Basic And Diluted Continuing Operations	$ (0.00)		$ (0.00)		$ (0.00)	$ (0.00)
Basic and Diluted: discontinued operations	0		0		0	0
Total Basic And Diluted Loss Per Share	$ (0.00)		$ (0.00)		$ (0.00)	$ (0.00)

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NET INCOME (LOSS) PER SHARE OF COMMON STOCK (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Common Stock Issued For Debt Conversion, Shares	$ 8,780,883,321	$ 370,602,246
Warrants Exercisable	16,666,667	16,666,667
Series A Preferred Stock [Member]
Preferred Stock, Shares Issued	249,999,900		249,999,900
Series C Preferred Stock [Member]
Common Stock Issued For Debt Conversion, Shares	$ 6,877,600,000
Common Stock Shares Issued	687,760
Common Stock Shares Outstanding	687,760

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SUBSEQUENT EVENTS (Details Narrative)	Jul. 13, 2022
Subsequent Event [Member]
Conversion of stock description	On July 13, 2022, 79,175 shares of Series C Convertible Preferred Stock were converted to 791,750,000 shares of common stock