0001487091 2022-01-01 2022-06-30 0001487091 2022-08-12 0001487091 2022-06-30 0001487091 2021-12-31 0001487091 2022-04-01 2022-06-30 0001487091 2021-04-01 2021-06-30 0001487091 2021-01-01 2021-06-30 0001487091 us-gaap:PreferredStockMember 2021-12-31 0001487091 us-gaap:CommonStockMember 2021-12-31 0001487091 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001487091 us-gaap:RetainedEarningsMember 2021-12-31 0001487091 us-gaap:PreferredStockMember 2022-03-31 0001487091 us-gaap:CommonStockMember 2022-03-31 0001487091 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001487091 us-gaap:RetainedEarningsMember 2022-03-31 0001487091 2022-03-31 0001487091 us-gaap:PreferredStockMember 2020-12-31 0001487091 us-gaap:CommonStockMember 2020-12-31 0001487091 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001487091 us-gaap:RetainedEarningsMember 2020-12-31 0001487091 2020-12-31 0001487091 us-gaap:PreferredStockMember 2021-03-31 0001487091 us-gaap:CommonStockMember 2021-03-31 0001487091 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0001487091 us-gaap:RetainedEarningsMember 2021-03-31 0001487091 2021-03-31 0001487091 us-gaap:PreferredStockMember 2022-01-01 2022-03-31 0001487091 us-gaap:CommonStockMember 2022-01-01 2022-03-31 0001487091 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-03-31 0001487091 us-gaap:RetainedEarningsMember 2022-01-01 2022-03-31 0001487091 2022-01-01 2022-03-31 0001487091 us-gaap:PreferredStockMember 2022-04-01 2022-06-30 0001487091 us-gaap:CommonStockMember 2022-04-01 2022-06-30 0001487091 us-gaap:AdditionalPaidInCapitalMember 2022-04-01 2022-06-30 0001487091 us-gaap:RetainedEarningsMember 2022-04-01 2022-06-30 0001487091 us-gaap:PreferredStockMember 2021-01-01 2021-03-31 0001487091 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001487091 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0001487091 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0001487091 2021-01-01 2021-03-31 0001487091 us-gaap:PreferredStockMember 2021-04-01 2021-06-30 0001487091 us-gaap:CommonStockMember 2021-04-01 2021-06-30 0001487091 us-gaap:AdditionalPaidInCapitalMember 2021-04-01 2021-06-30 0001487091 us-gaap:RetainedEarningsMember 2021-04-01 2021-06-30 0001487091 us-gaap:PreferredStockMember 2022-06-30 0001487091 us-gaap:CommonStockMember 2022-06-30 0001487091 us-gaap:AdditionalPaidInCapitalMember 2022-06-30 0001487091 us-gaap:RetainedEarningsMember 2022-06-30 0001487091 us-gaap:PreferredStockMember 2021-06-30 0001487091 us-gaap:CommonStockMember 2021-06-30 0001487091 us-gaap:AdditionalPaidInCapitalMember 2021-06-30 0001487091 us-gaap:RetainedEarningsMember 2021-06-30 0001487091 2021-06-30 0001487091 QWTR:AQUAtapMember 2019-12-31 0001487091 QWTR:AQUAtapMember 2019-12-31 0001487091 QWTR:AQUAtapMember 2022-01-01 2022-06-30 0001487091 QWTR:AQUAtapMember 2020-01-01 2020-12-31 0001487091 QWTR:AQUAtapMember 2020-12-31 0001487091 QWTR:AQUAtapMember 2021-01-01 2021-12-31 0001487091 QWTR:AQUAtapMember 2021-12-31 0001487091 QWTR:AQUAtapMember 2022-06-30 0001487091 us-gaap:ComputerEquipmentMember 2022-01-01 2022-06-30 0001487091 srt:PresidentMember 2022-06-30 0001487091 srt:PresidentMember 2021-12-31 0001487091 srt:VicePresidentMember 2022-06-30 0001487091 srt:VicePresidentMember 2021-12-31 0001487091 QWTR:PresidentandVicePresidentMember 2022-01-01 2022-06-30 0001487091 QWTR:PresidentandVicePresidentMember 2021-01-01 2021-12-31 0001487091 srt:VicePresidentMember 2022-01-01 2022-06-30 0001487091 srt:VicePresidentMember 2021-01-01 2021-12-31 0001487091 QWTR:ConsultingAndMarketingAgreementsMember 2014-01-01 2014-12-31 0001487091 srt:RestatementAdjustmentMember 2020-01-01 2020-12-31 0001487091 srt:ScenarioPreviouslyReportedMember 2020-12-31 0001487091 srt:RestatementAdjustmentMember 2020-12-31 0001487091 us-gaap:SubsequentEventMember 2022-07-19 2022-07-20 0001487091 us-gaap:SubsequentEventMember QWTR:ConsultantsAndAdvisoryBoardMember 2022-07-19 2022-07-20 0001487091 us-gaap:SubsequentEventMember QWTR:SixMonthAnniversaryMember 2022-07-19 2022-07-20 0001487091 us-gaap:SubsequentEventMember 2022-07-21 0001487091 srt:VicePresidentMember us-gaap:SubsequentEventMember 2022-07-19 2022-07-22 0001487091 us-gaap:SubsequentEventMember 2022-07-22 iso4217:USD shares iso4217:USD shares pure QWTR:Integer 0001487091 false Q2 --12-31 2022

10-Q true 2022-06-30 false 333-168895 QUEST WATER GLOBAL, INC. DE 27-1994359 Suite 209 – 828 Harbourside Drive North Vancouver BC CA V7P 3R9 888 897-5536 No Yes Non-accelerated Filer true false false 131903029

110

4227

5799

5909

4227

1417

7220

14546

11447

19430

15100

12606 33964

3940241

3632758

3972277

3681822

5000000

0.000001

95000000

0.000001

85164569

6332748

-10290565

-10003209

-3957731

-3670375

14546

11447

150000

112724

37276

2670 1743 5315 4804

112500

107500

225000

215000

1563 1397 3253 4222

13375

387

27156

387

5539 5250 10789 10500

876

833

1839

1638

6198

244

14004

632

142721

117354

287356

237183

-142721

-117354

-287356

-199907

-0.002

-0.001

-0.003

-0.002

85164569

6332748

-10003209

-3670375

-144635

85164569

6332748

-10147844

-3815010

-142721

85164569

6332748

-10290565

-3957731

85164569

6332748

-9741165

-3408331

-82553

85164569

6332748

-9823718

-3490884

-117354

85164569

6332748

-9941072

-3608238

-287356

-199907

5799

-112724

4330

813

-21358 -150000

307483

236256

-2617

-114

1500

-1500

-4117

-114

4227

4715

110

4601

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">1.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Nature of Operations and Continuance of Business</td></tr> </table> Quest Water Global, Inc. (the “Company”) was incorporated on February 25, 2010, under the laws of the State of Delaware. The Company is an innovative water technology company that provides solutions to water scarce regions. The Company’s operations to date have been limited primarily to capital formation, organization, and development of its business plan. On March 11, 2020, the World Health Organization declared COVID-19 a global pandemic. This contagious disease outbreak and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, leading to an economic downturn. The impact on the Company has not been significant, but management continues to monitor the situation. These consolidated interim financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at June 30, 2022, the Company has a working capital deficiency of $3,966,368 of which $3,940,241 is owed to the two principal shareholders (Note 4), and an accumulated deficit of $10,290,565. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue to develop its business and ultimately on the attainment of profitable operations. The Company has in the past, and is expected to in the future, arrange additional capital financing that may assist in addressing these issues; however, these factors continue to raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

3966368 3940241

-10290565

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">2.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Summary of Significant Accounting Policies</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Basis of Presentation and Principles of Consolidation</td></tr> </table> These consolidated interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in US dollars. These consolidated financial statements include the accounts of the Company; the Company’s wholly-owned subsidiary Quest Water Solutions, Inc., a company incorporated under the laws of the State of Nevada (“Quest Nevada”); AQUAtap Global, Inc., a company incorporated under the laws of the State of Wyoming; and Quest Nevada’s wholly-owned subsidiary, Quest Water Solutions Inc., a company incorporated under the laws of the Province of British Columbia, Canada. All inter-company balances and transactions have been eliminated on consolidation. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(b)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Interim Financial Statements</td></tr> </table> The accompanying condensed consolidated interim financial statements of the Company should be read in conjunction with the consolidated financial statements and accompanying notes for the fiscal year ended December 31, 2021. In the opinion of management, the accompanying condensed consolidated interim financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown. The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(c)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Foreign Currency Translation</td></tr> </table> The Company’s functional currency is US dollars. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in income. The Company’s integrated foreign subsidiaries are financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in income. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(d)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recent Accounting Pronouncements</td></tr> </table> The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Basis of Presentation and Principles of Consolidation</td></tr> </table> These consolidated interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in US dollars. These consolidated financial statements include the accounts of the Company; the Company’s wholly-owned subsidiary Quest Water Solutions, Inc., a company incorporated under the laws of the State of Nevada (“Quest Nevada”); AQUAtap Global, Inc., a company incorporated under the laws of the State of Wyoming; and Quest Nevada’s wholly-owned subsidiary, Quest Water Solutions Inc., a company incorporated under the laws of the Province of British Columbia, Canada. All inter-company balances and transactions have been eliminated on consolidation.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(b)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Interim Financial Statements</td></tr> </table> The accompanying condensed consolidated interim financial statements of the Company should be read in conjunction with the consolidated financial statements and accompanying notes for the fiscal year ended December 31, 2021. In the opinion of management, the accompanying condensed consolidated interim financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown. The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(c)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Foreign Currency Translation</td></tr> </table> The Company’s functional currency is US dollars. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in income. The Company’s integrated foreign subsidiaries are financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in income.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(d)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recent Accounting Pronouncements</td></tr> </table> The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">3.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Investment in and Due to Related Company</td></tr> </table> During the year ended December 31, 2019, the Company invested $7,600 in AQUAtap Oasis Partnership S.A.R.L. (“AQUAtap”), a limited liability company domiciled in the Democratic Republic of the Congo, and by doing so obtained <span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20191231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AQUAtapMember_zNYShes4myC3" title="Equity method investment, ownership percentage">38% of the issued and outstanding shares in AQUAtap. The Company accounts for this investment using the equity method. AQUAtap did not have and income or losses for the period ended June 30, 2022 or in the years ended December 31, 2021 and 2020. As at December 31, 2020, AQUAtap had advanced $183,964 to the Company in order to assist in the financing, for construction and delivery of certain of the Company’s products. The Company received US$150,000 from the Widal Foundation, through AQUAtap, to assist in the payment for construction of an AQUAtap Water Purification and Distribution System. Widal had a contract with the Company and AQUAtap for this system. During the year ended December 31, 2021, the sale was completed and the Company recorded the prepayment as a sale. Accordingly, as at December 31, 2021, the account was reduced by $150,000 to a balance of $33,964. During the period ended June 30, 2022, the Company advanced $21,358 to AQUAtap reducing the balance owing to $12,606. The advances are non-interest bearing and due on demand.

7600

0.38

183964

150000

33964 21358

12606

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">4.</td><td style="text-align: justify">Equipment</td> </tr></table> Equipment is amortized over its useful life. Schedule of Property and Equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Cost</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Depreciation</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Net</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 22%; text-align: left">Computer</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dc_c20220101__20220630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zUFJBKziQGDe" title="Equipment, Useful Life">3 years</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20220630_zcP3nzVGJdij" style="width: 16%; text-align: right">1,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_c20220630_zukLswvTJYU1" style="width: 15%; text-align: right">83</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20220630_zR3MjIYJ5DM1" style="width: 15%; text-align: right">1,417</td><td style="width: 1%; text-align: left"> </td></tr> </table>

Schedule of Property and Equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Cost</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Depreciation</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Net</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 22%; text-align: left">Computer</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dc_c20220101__20220630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zUFJBKziQGDe" title="Equipment, Useful Life">3 years</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20220630_zcP3nzVGJdij" style="width: 16%; text-align: right">1,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_c20220630_zukLswvTJYU1" style="width: 15%; text-align: right">83</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20220630_zR3MjIYJ5DM1" style="width: 15%; text-align: right">1,417</td><td style="width: 1%; text-align: left"> </td></tr> </table>

P3Y

1500

1417

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px; text-align: justify">5.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Related Party Transactions</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">As at June 30, 2022, a total of $1,885,982 (December 31, 2021 - $1,703,755) was owed to the President of the Company, which is non-interest bearing, unsecured, and due on demand.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(b)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">As at June 30, 2022, a total of $2,054,259 (December 31, 2021 - $1,929,003) was owed to the Vice President of the Company, which is non-interest bearing, unsecured, and due on demand.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(c)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">For the six months ended June 30, 2022, the Company incurred a total of $225,000 (December 31, 2021 - $430,000) in management fees to the President and the Vice President of the Company.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(d)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">For the six months ended June 30, 2022, the Company incurred $10,500 (December 31, 2021 - $21,000) in rent to the Vice President of the Company.</td></tr> </table>

1885982

1703755

2054259

1929003

225000

430000

10500

21000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">6.</td><td style="text-align: justify">Correction of Previously Issued Financial Statements</td> </tr></table> During the year ended December 31, 2014, the Company entered into consulting and marketing agreements whereby it committed to issue <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20140101__20141231__us-gaap--TypeOfArrangementAxis__custom--ConsultingAndMarketingAgreementsMember_zdt6dZbEJJi5" title="Common stock shares issued">500,000 shares of common stock with a fair value of $<span id="xdx_909_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20140101__20141231__us-gaap--TypeOfArrangementAxis__custom--ConsultingAndMarketingAgreementsMember_zehCGhsCK7fe" title="Common stock value issued">40,025. The services contemplated under the agreements were never provided or completed and the obligation of the Company to issue the shares should have been reversed in the following year. The following changes reflect the adjustment of $40,025 made retroactively to the prior year’s consolidated financial statements: Consolidated Statement of Stockholders’ Deficit Schedule of Stockholders’ Deficit <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center">Common stock issuable</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Deficit</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Total Stockholder’s Deficit</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 48%; text-align: left">Balance, December 31, 2020, as previously stated</td><td style="width: 2%; text-align: left"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_ecustom--CommonStockIssuable_iI_c20201231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zvIM5iLXCdzg" style="width: 14%; text-align: right" title="Common stock issuable">40,025</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_c20201231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zNfkikRUYLC2" style="width: 12%; text-align: right" title="Deficit">(9,781,190</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--StockholdersEquity_iI_c20201231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zLdDyThX7Kj7" style="width: 14%; text-align: right" title="Total Stockholder's Deficit">(3,408,331</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustment</td><td style="padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_986_ecustom--CommonStockIssuable_iI_c20201231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zJL91nj9Y0kc" style="border-bottom: Black 1.5pt solid; text-align: right" title="Common stock issuable">(40,025</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_c20201231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zBcxWI80NDu4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Deficit">40,025</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--StockholdersEquity_iI_c20201231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zttOfmbbBIrg" style="border-bottom: Black 1.5pt solid; text-align: right" title="Total Stockholder's Deficit">–</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance, December 31, 2020, as restated</td><td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_ecustom--CommonStockIssuable_iI_c20201231_zGtqw0Nb43X5" style="border-bottom: Black 2.5pt double; text-align: right" title="Common stock issuable">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_c20201231_zrFlcNrYLw2c" style="border-bottom: Black 2.5pt double; text-align: right" title="Deficit">(9,741,165</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_986_eus-gaap--StockholdersEquity_iI_c20201231_zoVhh2U6YDNa" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Stockholder's Deficit">(3,408,331</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

500000

40025

Consolidated Statement of Stockholders’ Deficit Schedule of Stockholders’ Deficit <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center">Common stock issuable</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Deficit</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Total Stockholder’s Deficit</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 48%; text-align: left">Balance, December 31, 2020, as previously stated</td><td style="width: 2%; text-align: left"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_ecustom--CommonStockIssuable_iI_c20201231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zvIM5iLXCdzg" style="width: 14%; text-align: right" title="Common stock issuable">40,025</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_c20201231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zNfkikRUYLC2" style="width: 12%; text-align: right" title="Deficit">(9,781,190</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--StockholdersEquity_iI_c20201231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zLdDyThX7Kj7" style="width: 14%; text-align: right" title="Total Stockholder's Deficit">(3,408,331</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustment</td><td style="padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_986_ecustom--CommonStockIssuable_iI_c20201231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zJL91nj9Y0kc" style="border-bottom: Black 1.5pt solid; text-align: right" title="Common stock issuable">(40,025</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_c20201231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zBcxWI80NDu4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Deficit">40,025</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--StockholdersEquity_iI_c20201231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zttOfmbbBIrg" style="border-bottom: Black 1.5pt solid; text-align: right" title="Total Stockholder's Deficit">–</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance, December 31, 2020, as restated</td><td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_ecustom--CommonStockIssuable_iI_c20201231_zGtqw0Nb43X5" style="border-bottom: Black 2.5pt double; text-align: right" title="Common stock issuable">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_c20201231_zrFlcNrYLw2c" style="border-bottom: Black 2.5pt double; text-align: right" title="Deficit">(9,741,165</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_986_eus-gaap--StockholdersEquity_iI_c20201231_zoVhh2U6YDNa" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Stockholder's Deficit">(3,408,331</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

40025

-9781190

-3408331

-40025

40025

-9741165

-3408331

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">7.</td><td style="text-align: justify">Subsequent Events</td> </tr></table> On July 20, 2022, the Company granted options to purchase <span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20220719__20220720__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zptDshyJJpRf" title="Stock options granted during period number">8,500,000 shares of the Company’s common stock to certain consultants and advisory board members, <span id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20220719__20220720__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--VestingAxis__custom--ConsultantsAndAdvisoryBoardMember_z2MVoFLoaORl" title="Stock options granted during period number">7,700,000 of which vested immediately and <span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20220719__20220720__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--VestingAxis__custom--SixMonthAnniversaryMember_zFRViA8kw4Bi" title="Stock options granted during period number">800,000 of which vest on the six-month anniversary of the date of grant. Each option is exercisable at a price of $<span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20220719__20220720__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zWT1XUU8y144">0.10 per share for a period of five years. On July 21, 2022, the Company increased its authorized capital from 95,000,000 shares of common stock to 500,000,000 shares of common stock by filing a Certificate of Amendment with the Delaware Secretary of State. On July 22, 2022, the Company entered into debt conversion agreements with the President and Vice President of the Company, pursuant to which a total of $<span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20220719__20220722__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--TitleOfIndividualAxis__srt--VicePresidentMember_zJZYObjlZ1Zj">3,038,000 of debt was converted into shares of the Company’s common stock at a price of $0.065 per share for a total of issuance of <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20220719__20220722__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--TitleOfIndividualAxis__srt--VicePresidentMember_zV6DbF9BaUSf" title="Issuance of shares during period">46,738,460 shares. As a result of this transaction, the amount due by the Company to related parties decreased from $3,940,241 to $902,241.

8500000

7700000

800000

0.10

95000000

500000000

3038000

0.065

46738460

3940241

902241