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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
SCHEDULE OF FINITE LONG-LIVED INTANGIBLE ASSETS ESTIMATED USEFUL LIFE

The Company amortizes these intangible assets on a straight-line basis over their estimated useful lives, as stated below:

 

Finite Long-lived Intangible Assets Categories 

Estimated

Useful Life

Customer Lists  10 Years
Intellectual Property  10 Years
Noncompete agreement  5 Years
Tradenames  10 Years
SUMMARY OF DISAGGREGATION OF REVENUE

The following is a summary of revenue disaggregated by type for the nine and three months ended September 30, 2024 and 2023:

 

   2024   2023   2024   2023 
   Nine Months Ended   Three Months Ended 
   September 30,   September 30, 
   2024   2023   2024   2023 
Product sales and product related services  $1,308,821   $935,209   $423,084   $751,034 
Waste collection and disposal   6,991,217    4,633,015    3,460,021    1,855,619 
Total revenue  $8,300,038   $5,568,224   $3,883,105   $2,606,653 
SCHEDULE OF CONCENTRATION RISK

 

   2024   2023   2024   2023 
   Nine Months Ended   Three Months Ended 
   September 30,   September 30, 
   2024   2023   2024   2023 
Customer A   13%   35%   -*%   26%
Customer B   -*%   -*%   -*%   11%
Customer C   -*%   -*%   -*%   10%

 

* Represents amounts less than 10%

 

Concentration Risk from Accounts Receivable

 

A major customer is defined as a customer that represents 10% or greater of total accounts receivable, net. The Company does not believe that the risk associated with these customers or vendors will have an adverse effect on the business. The Company’s concentration of accounts receivable is as follows:

 

  

As of

September 30, 2024

  

As of

December 31, 2023

 
Customer A   -*    24%

 

* Represents amounts less than 10%                
*Represents amounts less than 10%

The Company maintains positive customer relationships and continually expands its customer base, mitigating the impact of any potential concentration risks that exist.

SCHEDULE OF EARNINGS PER SHARE ANTI DILUTIVE

 

   September 30, 2024   September 30, 2023 
Series A Preferred Stock   139,790,000    - 
Series C Preferred Stock (1)   -    63,090,000 
Convertible Notes   -    17,680 
Warrants   71,064,035    108,734 
Total common stock equivalents   210,854,035    63,216,414 

 

  (1) On January 10, 2024, the Company redomiciled and exchanged all outstanding shares of its pre-existing Series C Preferred Stock for shares of a new class of Series A Preferred Stock (Note 1 – Organization and Nature of Operations). The Statement of Changes in Stockholders’ Equity (Deficit)/Member’s Equity for the three and nine months ended September 30, 2024 has been retrospectively restated to reflect this change.