10-Q

UNITED STATES

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 quarterly period ended June 30, 2021

Commission File Number 000-54949

BioAdaptives Inc.

(Exact name of registrant as specified in its charter)

Delaware	46-2592228
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
2620 Regatta Drive, Suite 102, Las Vegas, NV	89128
(Address of principal executive offices)	(Zip Code)

(702) 659-8829

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

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 requirements for the past 90 days. ☒  Yes   ☐ NO

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files). ☒ Yes   ☐ NO

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non- accelerated filer, or a small reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-Accelerated filer	☐	Smaller reporting Company	☒
Emerging Growth Company	☐

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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

33,022,425 common shares issued and outstanding as of August 8, 2021.

Form 10-Q

Table of Contents

PART I - FINANICAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of operations	16
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	21
Item 4.	Controls and Procedures	21
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	22
Item 1A.	Risk Factors	22
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	22
Item 3.	Defaults Upon Senior Securities	22
Item 4.	Mine Safety Disclosure	23
Item 5.	Other Information	23
Item 6.	Exhibits	23
	Signatures	24

2

BIOADAPTIVES, INC.

CONSOLIDATED BALANCE SHEETS

	June 30,			December 31,
	2021			2020
ASSETS
Current Assets:
Cash	$	69,513		$	4,587
Prepaid expense		-			-
Marketable securities		761			444
Inventory		10,697			13,815
Total Current Assets		80,971			18,846
License, net		55,000			-
TOTAL ASSETS	$	135,971		$	18,846
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accounts payable and accrued liabilities		83,583			87,561
Derivative liabilities		881,311			827,119
Current portion of convertible notes - net of discount of $6,396 and $4,764		479,284			405,236
Note payable - related party		43,715			77,715
Total Current Liabilities		1,487,893			1,397,631
Total Liabilities		1,487,893			1,397,631
Stockholders' Deficit:
Preferred stock, ($.0001 par value, 5,000,000 shares authorized; none issued and outstanding);
Series A Preferred Stock 4,000,000 shares designated; 1,100,000 and 0 issued and outstanding, respectively		110			-
Common stock ($.0001 par value, 200,000,000 shares authorized; 33,032,425 and 21,591,942 shares issued and outstanding, and 10,000 and 762,390 issuable, respectively)		3,303			2,159
Additional paid-in capital		5,051,975			4,225,217
Accumulated deficit		(6,407,310	)		(5,606,161	)
Total Stockholders' Deficit		(1,351,922	)		(1,378,785	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	135,971		$	18,846

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

3

BIOADAPTIVES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended						Six months ended
	June 30,						June 30,
	2021			2020			2021			2020
Revenues	$	6,065		$	3,502		$	10,583		$	8,157
Cost of revenue		2,713			3,355			4,735			4,717
Gross Profit		3,352			147			5,848			3,440
Operating Expenses
General and administrative		33,690			8,494			42,320			47,926
Professional fees		15,639			18,621			37,622			27,711
Stock based compensation		-			46,264			163,900			139,643
Amortization of license		25,625			-			47,500			-
Total Operating Expenses		74,954			73,379			291,342			215,280
Other Income (Expense)
Unrealized gain (loss) on marketable securities		(2,517	)		(349	)		317			(709	)
Interest expense		(15,833	)		(58,921	)		(77,249	)		(112,504	)
Change in fair value of derivative liabilities		(219,294	)		(297,933	)		(387,723	)		(343,304	)
Loss on settlement of debt		-			-			(51,000	)		-
Total Other Income (Expense)		(237,644	)		(357,203	)		(515,655	)		(456,517	)
Loss before income taxes		(309,246	)		(430,435	)		(801,149	)		(668,357	)
Net Loss	$	(309,246	)	$	(430,435	)	$	(801,149	)	$	(668,357	)
Net Loss Per Common Share:
Basic and Diluted	$	(0.01	)	$	(0.02	)	$	(0.03	)	$	(0.03	)
Weighted Average Number of Common Shares Outstanding:
Basic and Diluted		33,032,425			19,822,574			30,603,899			19,545,347

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

4

BIOADAPTIVES, INC.

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)

(UNAUDITED)

For the Six months ended June 30, 2021

											Additional
	Series A Preferred stock				Common stock						paid-in		Accumulated
	Shares		Amount		Shares			Amount			capital		Deficit			Total
Balance, December 31, 2020		-	$	-		21,591,942		$	2,159		$	4,225,217	$	(5,606,161	)	$	(1,378,785	)
Series A preferred stock issued for settlement of debt - related party		600,000		60		-			-			74,940		-			75,000
Series A preferred stock issued for license fee		500,000		50		-			-			102,450		-			102,500
Common stock issued for conversion of debt		-		-		10,792,873			1,079			485,533		-			486,612
Common stock issued for service		-		-		1,000,000			100			163,800		-			163,900
Cancellation of common stock - officers		-		-		(352,390	)		(35	)		35		-			-
Net loss for the period		-		-		-			-			-		(491,903	)		(491,903	)
Balance, March 31, 2021		1,100,000	$	110		33,032,425		$	3,303		$	5,051,975	$	(6,098,064	)	$	(1,042,676	)
Net loss for the period		-		-		-			-			-		(309,246	)		(309,246	)
Balance, June 30, 2021		1,100,000	$	110		33,032,425		$	3,303		$	5,051,975	$	(6,407,310	)	$	(1,351,922	)

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For the Six months ended June 30, 2020

									Additional
	Preferred stock				Common stock				paid-in		Accumulated
	Shares		Amount		Shares		Amount		capital		Deficit			Total
Balance, December 31, 2019		-	$	-		18,938,769	$	1,894	$	3,917,147	$	(4,758,917	)	$	(839,876	)
Common stock issued for service		-		-		400,000		40		47,075		-			47,115
Common stock issued for service - related party		-		-		272,914		27		35,973		-			36,000
Stock based compensation		-		-		-		-		10,264		-			10,264
Net loss for the period		-		-		-		-		-		(237,922	)		(237,922	)
Balance, March 31, 2020		-	$	-		19,611,683	$	1,961	$	4,010,459	$	(4,996,839	)	$	(984,419	)
Common stock issued for conversion of debt		-		-		284,900		28		44,352		-			44,380
Common stock issued for service - related party		-		-		285,779		29		35,971		-			36,000
Stock based compensation		-		-		-		-		10,264		-			10,264
Net loss for the period		-		-		-		-		-		(430,435	)		(430,435	)
Balance, June 30, 2020		-	$	-		20,182,362	$	2,018	$	4,101,046	$	(5,427,274	)	$	(1,324,210	)

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

6

BIOADAPTIVES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Six months ended
	June 30,
	2021			2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(801,149	)	$	(668,357	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation		163,900			47,115
Stock-based compensation - related party		-			92,528
Change in fair value of derivative liabilities		387,723			410,304
Amortization of license		47,500			-
Amortization of debt discount		48,048			19,577
Loss on settlement of debt		51,000			-
Unrealized (gain) loss on investments in marketable securities		(317	)		709
Changes in operating assets and liabilities:
Inventory		3,118			(7,116	)
Accounts payable and accrued liabilities		10,103			42,694
Net Cash Used in Operating Activities		(90,074	)		(62,546	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Notes payable		-			9,800
Repayments of notes payable		-			(14,840	)
Proceed from related party		1,623			-
Repayment to related party		(1,623	)		-
Proceeds from notes payable - related party		-			19,272
Repayment of notes payable - related party		(10,000	)		-
Proceeds from convertible notes		165,000			40,000
Net Cash Provided by Financing Activities		155,000			54,232
Net change in cash		64,926			(8,314	)
Cash at beginning of period		4,587			12,313
Cash at end of period	$	69,513		$	3,999
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	16,424		$	-
NON-CASH INVESTING AND FINANCING ACTIVITIES
Derivative liability recognized as debt discount	$	40,000		$	-
Issuance of common stock for conversion of debt	$	486,612		$	44,380
Issuance Series A preferred stock for license fee	$	102,500		$	-
Issuance Series A preferred stock for settlement of debt - related party	$	60		$	-
Cancellation of common stock	$	35		$	-

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

7

BioAdaptives, Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

1. DESCRIPTION OF BUSINESS AND HISTORY

Description of business

BioAdaptives, Inc. (“BioAdaptives” or the ”Company”) was incorporated in Delaware on April 19, 2013, under the name Apex 8, Inc. Shortly afterwards, the Company’s control person sold his interest; new owners appointed management and changed its name to BioAdaptives, Inc. The Company acquired assets relating to the investigation, development and marketing of nutraceutical products; equipment designed to improve the bioavailability of nutrients in humans and animals; and licenses for specific products. It commenced investigation of the role of various botanicals in primitive cell development and proliferation, including certain algae along with herbs used in Traditional Chinese Medicine and Ayurvedic Practice. In the course of this investigation, BioAdaptives identified several potential human and animal products. The Company terminated further work on the equipment and products licensed in its early stages to concentrate on these products, for both human and animals.

We currently market and distribute natural plant- and algal-based products that improve health and wellness for humans and animals, with an emphasis on pain relief and anti-aging properties. The Company’s current products include dietary supplements for humans developed with our knowledge of natural foods. These products are designed to aid memory, cognition and focus; assist in sleep and fatigue reduction; provide pain relief and healing; and improve overall emotional and physical wellness. The science behind our products has proven to be effective for performance enhancement and pain relief for horses and dogs as well as providing improvements in appearance and we have developed products to utilize these advances.

Our current product line includes PrimiCell®, PluriPain® and PrimiLung™ for humans, and Canine Regen® and Equine Regen® for dogs and horses, along with Equine All-in-One® and a related Booster. The All-in-One products combine minerals, vitamins, amino acids and other botanicals along with the Regen® compounds, and have demonstrated improved performance and appearance in competition and show animals. All of these products are sold under licensing and manufacturing agreements with third-parties. While we continue to investigate our own nutraceutical products for humans and animals, most of our current activities are reliant on marketing and distributing products developed and owned by others.

The Company’s corporate office is located at 2620 Regatta Drive, Suite 102, Las Vegas, NV 89128, and it maintains fulfillment facilities at 4385 Cameron Street, Suite B, Las Vegas, NV 89103.

COVID-19

A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company has instituted some and may take additional temporary precautionary measures intended to help ensure the well-being of its employees and minimize business disruption. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position on June 30, 2021. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to collect accounts receivable and the ability of the Company to continue to provide high quality services to its clients. The Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or a revision of the carrying value of its assets or liabilities as of the date of issuance of this Quarterly Report on Form 10-Q. These estimates may change, as new events occur, and additional information is obtained.

8

2. SUMMARY OF SIGNIFICANT POLICIES

Basis of presentation

The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10K. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for a fair presentation of financial position and the results of operations for the interim period presented, have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10K filed with SEC on March 30, 2021, have been omitted.

Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its 100% owned subsidiary, Blenders Choice Inc. All inter-company balances and transactions have been eliminated. The Company and its subsidiary will be collectively referred to herein as the “Company.”

Use of estimates

The preparation of consolidated financial statements in conformity with US GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company, and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates.

Earnings (loss) per share

Basic earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. Diluted earnings per share excludes all dilutive potential shares if their effect is anti-dilutive.

Financial Instruments and Fair Value Measurements

As defined in ASC 820” Fair Value Measurements,” fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

9

The following table summarizes fair value measurements by level on June 30, 2021 and December 31, 2020, measured at fair value on a recurring basis:

	Total Carrying Value		Quoted Market Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
	as of June 30, 2021		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity Securities	$	761	$	761	$	-	$	-
Liabilities
Derivative liabilities	$	881,311	$	-	$	-	$	881,311

Fair Value Measurements as of December 31, 2020 Using:

	Total Carrying Value as of December 31,		Quoted Market Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
	2020		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity Securities	$	444	$	444	$	-	$	-
Liabilities
Derivative liabilities	$	827,119		-		-		827,119

Intangible Assets

The Company capitalizes certain costs to acquire intangible assets; if such assets are determined to have a finite useful life they are amortized on a straight-line basis over the estimated useful life.

The Company tests its intangible assets for impairment at least annually and whenever events or circumstances change that indicate impairment may have occurred. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include, among others and without limitation: a significant decline in the Company’s expected future cash flows; a sustained, significant decline in the Company’s stock price and market capitalization; a significant adverse change in legal factors or in the business climate of the Company’s segments; unanticipated competition; and slower growth rates.

Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements.

3. GOING CONCERN

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses since inception and had an accumulated deficit of $6,415,643 as of June 30, 2021. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

10

In order to mitigate the risk related with this uncertainty, the Company plans to issue additional shares of common stock for cash and services during the next 12 months.

4. MARKETABLE SECURITIES

Equity securities on June 30, 2021 and December 31, 2020, were comprised of 105,736 shares of common stock of Hemp, Inc. (HEMP.PK) recorded at fair value of $761 and $444, respectively.

5. LICENSE FEE

During the six months ended June 30, 2021, the Company entered into two license and royalty agreements for human and animal nutraceutical products, which is currently markets. These agreements are for a period of one year and the Company issued 500,000 shares of Series A preferred stock valued at $102,500 in consideration of these licenses. The Company has capitalized the costs associated with licenses.

During the six months ended June 30, 2021, the Company recognized $47,500 in amortization expenses of license fees, and recorded asset value of the licenses of $55,000 as of June 30, 2021.

6. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities on June 30, 2021 and December 31, 2020 consists of the following.

	June 30,		December 31,
	2021		2020
Accounts payable	$	990	$	5,374
Credit card		-		7,759
Accrued salary		23,333		-
Accrued interest		48,279		49,583
Accrued liabilities		10,981		24,845
	$	83,583	$	87,561

7. CONVERTIBLE NOTES

Convertible notes on June 30, 2021 and December 31, 2020 consists of the following:

	June 30,			December 31,
	2021			2020
Convertible Notes - originated in April 2018	$	95,000		$	95,000
Convertible Notes - originated in June 2018		166,000			166,000
Convertible Notes - originated in October 2018		50,000			50,000
Convertible Notes - issued fiscal year 2019		-			13,000
Convertible Notes - issued fiscal year 2020		-			86,000
Convertible Notes - issued fiscal year 2021		179,500			-
Total convertible notes payable		490,500			410,000
Less: Unamortized debt discount		(11,216	)		(4,764	)
Total convertible notes		479,284			405,236
Less: current portion of convertible notes		479,284			405,236
Long-term convertible notes	$	-		$	-

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For the six months ended June 30, 2021 and 2020, the interest expense on convertible notes was $28,146 and $23,877, respectively. As of June 30, 2021, and December 31, 2020, the accrued interest was $43,786 and $46,145, respectively.

The Company recognized amortization expense related to the debt discount of $48,048 and $86,577 for the six months ended June 30, 2021 and 2020, respectively, which is included in interest expense in the statements of operation.

Conversion

During the six months ended June 30, 2021, the Company converted notes with principal amounts of $99,000 and accrued interest of $14,081 into 10,792,873 shares of common stock. The corresponding derivative liability at the date of conversion of $373,531 was credited to additional paid in capital.

Convertible Notes - Issued during the year ended December 31, 2018

During the year ended December 31, 2018, the Company issued a total principal amount of $426,000 convertible notes for cash proceeds of $426,000. The convertible notes were also provided with a total of 107,000 common shares valued at $22,210. The terms of convertible notes are summarized as follows:

• Term two years;

• Annual interest rates 12%;

• Convertible at the option of the holders at any time

• Conversion prices are based on 50% discount to market value for the common stock based on a 4-week weekly average of the closing price.

Convertible Notes - Issued during the year ended December 31, 2019

During the year ended December 31, 2019, the Company issued a total principal amount of $73,500 in convertible notes for cash proceeds of $67,000. The terms of convertible notes are summarized as follows:

• Term one year;

• Annual interest rates 10%;

• Convertible at 180 days from issuance

• Conversion prices are based on 42% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date.

Convertible Notes - Issued during the year ended December 31, 2020

During the year ended December 31, 2020, the Company issued a total principal amount of $86,000 in convertible note for cash proceeds of $80,000. The terms of convertible note are summarized as follows:

• Term one year;

• Annual interest rates 10%;

• Convertible at 180 days from issuance

• Conversion prices are based on 39% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date.

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Convertible Notes - Issued during the year ended December 31, 2021

During the six months ended June 30, 2021, the Company issued a total principal amount of $179,500 in convertible note for cash proceeds of $165,000,000. The terms of convertible note are summarized as follows:

• Term one year;

• Annual interest rates 10%;

• Convertible at 180 days from issuance

• Conversion prices are based on 39% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date.

The Company valued the conversion feature using the Binomial pricing model. The fair value of the derivative liability for all the notes that became convertible, including the notes issued in prior years, during the six months ended June 30, 2021 amounted to $141,805, and $40,000 of the value assigned to the derivative liability was recognized as a debt discount to the notes while the balance of $101,805 was recognized as a “day 1” derivative loss.

8. DERIVATIVE LIABILITIES

The Company analyzed the conversion option for derivative accounting consideration under ASC 815, Derivatives and Hedging, and hedging, and determined that the instrument should be classified as a liability since the conversion option becomes effective at issuance resulting in there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. The Company accounts for warrants as a derivative liability due to there being no explicit limit to the number of shares to be delivered upon settlement of all conversion options.

Fair Value Assumptions Used in Accounting for Derivative Liabilities.

ASC 815 requires we assess the fair market value of derivative liability at the end of each reporting period and recognize any change in the fair market value as other income or expense item.

The Company determined our derivative liabilities to be a Level 3 fair value measurement and used the Black-Scholes pricing model to calculate the fair value as of June 30, 2021. The Black-Scholes model requires six basic data inputs: the exercise or strike price, time to expiration, the risk-free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each convertible note is estimated using the Black-Scholes valuation model.

For the six months ended June 30, 2021 and year ended December 31, 2020, the estimated fair values of the liabilities measured on a recurring basis are as follows:

	Six Months Ended		Year ended
	June 30,		December 31,
	2021		2020
Expected term	0.01- 0.51 years		0.01- 0.51 years
Expected average volatility	128% - 315%		117% - 317%
Expected dividend yield		-		-
Risk-free interest rate	0.03% - 0.07%		0.05% - 0.19%

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The following table summarizes the changes in the derivative liabilities during the six months ended June 30, 2021.

Fair Value Measurements Using Significant Observable Inputs (Level 3)
Balance - December 31, 2020	$	827,119
Addition of new derivatives recognized as debt discounts		40,000
Addition of new derivatives recognized as loss on derivatives		101,805
Settled on issuance of common stock		(373,531	)
(Gain) loss on change in fair value of the derivative		285,918
Balance - June 30, 2021	$	881,311

The aggregate loss on derivatives during the six months ended June 30, 2021 and 2020 was as follows.

	Six Months Ended
	June 30,
	2021		2020
Day one loss due to derivative liabilities on convertible notes	$	101,805	$	32,531
Loss on change in fair value of the derivative liabilities		285,918		310,773
	$	387,723	$	343,304

9. STOCKHOLDERS’ EQUITY

Preferred Stock

The Company is authorized to issue 5,000,000 shares of $.0001 par value preferred stock, of which 4,000,000 have been designated as Series A Preferred Stock.

Series A Preferred Stock

On February 6, 2020, the Company established its Series A Preferred Stock, par value .0001, by filing a Certificate of Designation with the Delaware Secretary of State. The Company’s board exercised “blank check” authority to establish classes of preferred stock without approval by shareholders under provision of its original Articles of Incorporation and has designated 4,000,000 shares of Series A Preferred Stock.

The Company may use the Series A Preferred Stock for purpose of asset acquisition or in satisfaction of recognized debt; they are not otherwise available for sale. The Series A Preferred Stock have enhanced voting privileges under certain circumstances; the collective right to appoint elect one director, at the Holders’ option; and conversion-to-common rights at a 5:1 ratio.

During the six months ended June 30, 2021, the Company issued 1,100,000 shares of series A preferred Stock as follows;

• 600,000 shares of Series A Preferred Stock valued at $75,000 for settlement of related party debt

• 500,000 shares of Series A Preferred Stock valued at $102,500 for consideration of licenses.

Common Stock

The Company is authorized to issue 200,000,000 shares of $.0001par value common stock as of June 30, 2021.

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During the six months ended June 30, 2021, the Company issued 10,792,873 shares of common stock valued at $486,612 for conversion of debt.

During the six months ended June 30, 2021, the Company issued 1,000,000 shares of common stock valued at $163,900 for service.

During the six months ended June 30, 2021, the Company cancelled 352,390 shares of common stock related to our officer’ compensation.

As of June 30, 2021, and December 31, 2020, there were 33,022,425 and 20,829,552 shares of the Company’s common stock issued and outstanding, respectively. In addition, as of June 30, 2021 and December 31, 2020, there were 10,000 shares and 762,390 shares of the Company’s common stock issuable, respectively.

10. RELATED PARTY TRANSACTIONS

Notes payable - related party

During the six months ended June 30, 2021, the Company issued 600,000 shares of Series A Preferred Stock valued at $75,000 for settlement of $24,000 notes. As a result, the Company recorded a loss on settlement of debt of $51,000.

During the six months ended June 30, 2021 and 2020, the Company repaid notes payable to a related party of $10,000 and $0 and recognized interest of $1,055 and $1,096, respectively

As of June 30, 2021, and December 31, 2020, the Company recorded notes payable - related party of $43,715 and $77,715 and accrued interest of $4,493 and $3,438, respectively. The note is a4% interest bearing promissory note that the term is 1 year.

Due to related party

During the six months ended June 30, 2021, Dr. Edward E. Jacobs, M.D., our CEO, advanced $1,623 for operating expenses and $1,623 was reimbursed.

Employee agreements

Effective May 31, 2021, the Company entered into an Employment Contract with Charles Townsend to serve as its Chief Operating Officer. The Contract provides for a 12-month term and for payment of an annual salary of $100,000, payable in Restricted Stock Units calculated based on the closing market price of the Company’s shares as of the effective date. Mr. Townsend was also appointed as a director.

Effective May 31, 2021, the Company entered into an Employment Contract with Robert Ellis, to continue his service as the Company’s President. The Contract provides for a 12-month term and for payment of an annual salary of $100,000, payable in Restricted Stock Units calculated based on the closing market price of the Company’s shares each quarter. Mr. Ellis was also appointed as a director.

Effective May 31, 2021, the Company entered into an Employment Contract with Ronald Lambrecht, to continue his service as its Chief Financial Officer. The Contract provides for a 12-month term and for payment of an annual salary of $80,000, payable in Restricted Stock Units calculated based on the closing market price of the Company’s shares each quarter.

11. SUBSEQUENT EVENTS

Effective July 1, 2021, the Company entered into an Employment Agreement with Dr. Edward E. Jacobs, M.D., our Chief Executive Officer and Chairman. The Agreement provides for a one-year term and payment of annual compensation of $100,000, payable in Restricted Stock Units (RSUs) until such time as the Company’s cash-flow permits cash payment. The terms of the RSUs are set out in our 2021 Incentive Plan, which was attached to our Form 8-K filed on June 11, 2021.

The Company initiated a social media outreach campaign a the end of 2Q 2021, and we expect the expenses therefrom to accrue in 3Q and 4Q 2021, and beyond. Additionally, during 3Q 2021 we commenced expanded outreach for our Ambassador Program; we anticipate accruing expenses for samples and other marketing activities relating to this Program during 3Q and 4Q 2021, and beyond.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

FORWARD LOOKING STATEMENTS

This current report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward- looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

As used in this quarterly report, the terms “we”, “us”, “our”, “Company” and "BioAdaptives" mean BioAdaptives Inc., unless otherwise indicated.

1. OUR BUSINESS

Overview

BioAdaptives investigates, markets and distributes natural plant- and algal-based products that improve health and wellness for humans and animals, with an emphasis on effective pain relief, anti-viral activities and immune defense properties. The Company’s current products include dietary supplements using natural ingredients and proprietary methods of optimizing the availability of nutrients in foods and beverages. The human products are designed to aid memory, cognition and focus; assist in sleep and fatigue reduction; provide anti-inflammatory pain relief and healing; and improve overall emotional and physical wellness. The science behind our human products has proven to be effective for performance enhancement and pain relief for horses and dogs as well as providing improvements in appearance.

Our current product line includes PrimiCell®, PluriPain®, and PrimiLung™ for humans and Canine Regen®, Equine Regen® Plus and Equine All In One™ for dogs and horses. All of these products are sold under licensing and manufacturing agreements. While we continue to investigate and acquire nutraceutical products for humans and animals, all of our current activities are reliant on marketing and distributing products developed and owned by others. We do not own the formulations for our key products and manufacture and market them under an agreement with the developer that requires payment of a royalty and license agreement.

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We are reliant on direct and indirect sales of the Primi and Pluri lines for human and Regen and the All In One animal products for revenues, neither of which have produced any significant revenue yet. We are a new company and thus have very limited experience in order to develop reliable sales expectations and forecasting.

Market and Marketing

We market our science-based, quality nutraceuticals to a broad base of the population in the U.S., and are exploring marketing prospects in Asia, Australasia, the Middle East, and Europe. The Company’s current target markets also include equine and canine companion animals and equine competitors in the U.S., Australasia and the Middle East.

We intend to utilize social media and targeted advertising to create awareness and education about our human products’ benefits with an emphasis on their anti-viral and anti-inflammatory pain relief features. These properties relate to strengthening lung resilience, vitality, recovery from stress, and boosting immune defense providing a timely additional science-based method to help consumers manage their own health needs. With these benefits, we are also interested in niche markets, including geriatric populations, e-gamers, and sports/fitness communities. We also are developing affiliate marketing opportunities. The Company intends to create market share in our target demographic by (i) emphasizing the safety and benefits of our proprietary algal based, all natural, anti viral, non-GMO ingredients selected from proven Traditional Chinese Medicine and Ayurvedic herbs blended into balanced science-based formulations, (ii) investigating additional products in response to market demand and testing, and (iii) utilizing our marketing operation to act as its sales and distribution arm to seek additional channels for sales coverage.

With regard to animal products, the Company intends to employ direct sales activities relying on our associations with leading veterinarians and equine competitors. In 2020, the Company formed the Livestock Impact Division under President Bruce Colclasure, a National Cutting Horse Association champion who owns and operates the Flying C Bar Ranch, and is the breeder and trainer of over 80 NCHA champion cutting horses. Mr. Colclasure uses and endorses our EquineRegen®, Equine All In One, and Canine Regen® products while providing valuable feedback and testimonials regarding their beneficial effects.

The Company believes that the population growth in the seasoned and geriatric demographic cohort presents a unique opportunity. The World Health Organization has stated that the 60 years and over population segment will more than double from 11% to over 22% between 2000 and 2050, with the absolute number of people aged 60 and over expected to increase to 2 billion within the same period. The Company also recognizes the rising buying power and interests of the Millennials in wellness products and their choice of communication medium being social media and internet. It intends to establish a major focus to capture the anticipated growth in this sector.

The Company believes that international sales represent a significant future growth opportunity as aging population growth outside North America exceeds 1 billion people. The Company plans to aggressively pursue international sales by adding salespeople to its marketing effort, including use of social media influencers, developing a network in high-growth APAC regions, and continuing its efforts to register products and trademarks in attractive foreign markets.

Manufacturing

All of the Company’s products are considered dietary supplements or natural foods, and we carefully avoid making health, drug or disease cure claims that could trigger regulatory compliance issues and affect our ability to market BioAdaptives products. Our active ingredients are all plant- or algal-based and sourced worldwide from reputable suppliers who employ stringent compliance and sustainable agriculture practices.

We contract exclusively with manufacturers that utilize pharmaceutical grade facilities to assemble and package our products, all of which is subject to our inspection and approval. Fulfillment of retail internet and direct-to-reseller orders are conducted from our warehouse facilities. BioAdaptives actively investigates new products, techniques and novel applications of existing products or technology in our research. The Company’s research work has centered on investigations of all-natural supplement formulations that activate primitive cells, including stem cells and their derivatives, and natural ingredients that encourage stem cell proliferation.

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2. LIQUITITY AND CAPITAL RESOURCES:

Liquidity -- Financial Performance - Three Months Ended June 30, 2021 and 2020

We had a net loss of $309,246 for the three-month period ended June 30, 2021, which was $121,189 less than the net loss of $430,435 for the three-month period ended June 30, 2020. The change in our results over the two periods is primarily in a slight revenue increase generated and a considerable decrease in operating and other expenses.

The following table summarizes key items of comparison and their related increase (decrease) for the three-month periods ended June 30, 2021 and 2020:

	2021			2020			Changes
Revenue		6,065			3,502			2,563
Cost of Sales		2,713			3,355			(642	)
Operation Expenses		74,954			73,379			1,575
Other income (expenses)		(237,644	)		(357,203	)		119,559
Net Income (loss)		(309,246	)		(430,435	)		121,189

Revenue

Our revenues have been derived entirely from product sales.

Cost of Sales

Our cost of sales is primarily derived from contract manufacturing expenses and shipping and handling expenses related to customer fulfillment. We also expense marketing expenses, which includes the cost of samples or products provided for promotional purposes and website content development. We have contracted for consulting services relating to a social media outreach campaign, and we expect expenses to accrue for such services in 3Q and 4Q 2021, and beyond.

Operation Expenses

Our general, administrative and professional fees are largely attributable to office, rent, advertising, consultants and transfer agent, legal, accounting and audit fees related to our reporting requirements as a public company as well as stock-based compensation for officers, directors and consultants.

Other Income (Expense)

The Company recorded interest expense of $15,833 and $58,921 for the three months ended June 31, 2021, and 2020.

Net Loss

As a result of our operating expenses the Company reported a net loss of ($309,246) and ($430,434) for the three months ended June 30, 2021 and 2020.

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Comprehensive Income (Loss)

The Company reported an unrealized loss on marketable securities of $2,517 and $349 for the three months ended June 30, 2021 and 2020.

Capital Resources - Balance Sheet and Cash Flows

Our balance sheet as of June 30, 2021 reflects current assets of $80,971, including cash in the amount of $69,531 and working capital deficiency in the amount of $1,418,389 as of June 30, 2021. We currently meet cash requirements by infusions of cash from issuance of notes to finance partners. Most of these notes have conversion features that require accounting for derivative liabilities.

Working Capital (Deficiency)	June 30			March 31
	2021			2021			Change
Current Assets		80,971			41,293			39,678
Current Liabilities		1,487,893			1,164,694			(323,199	)
Working Capital (Deficiency)		(1,418,389	)		(1,123,401	)		(294,988	)
Cash Flows	Six Months Ended June 30
	2021			2020			Change
Cash provided by (used in) Operating Activities Cash provided in Investing Activities		(90,074	)		(62,546	)		(27,528	)
Cash provided by (used in) Financing Activities		155,000			54,232			100,768
Net Increase (Decrease) In Cash During Period		64,929			(8,314	)		73,243

Net cash used by operating activities during the three months ended June 31, 2021 was $29,713, an increase of $9,481 from the $20,232 net cash used in operating activities during the three months ended June 30, 2020.

Cash Flows from Financing Activities

Net cash provided by financing activities during the three months ended June 30, 2021 was $75,000, an increase of $62,418 from the $12,582 net cash provided in financing activities during the three months ended June 30, 2020.

As of June 30, 2021, we have insufficient cash to operate our business at the current level for the next twelve months and insufficient cash to achieve our business goals. The success of our business plan beyond the next 12 months is contingent upon us obtaining additional financing. We intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund our capital expenditures, working capital, or other cash requirements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all.

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Critical Accounting Estimates -- Going Concern

We are required to provide qualitative and quantitative information necessary to understand any critical accounting estimations, including uncertainties associated with such estimates. Our critical accounting estimates, as well as the financial statements contained in this report, are all reliant on the assumption that we will continue as a going concern, which contemplates our ability to generate sufficient cash flows from operations and financing activities necessary to continue in business by employing our assets and satisfying our liabilities in the normal course of business.

On June 30, 2021, we had $69,531 of cash on-hand and an accumulated deficit of $1,418,389, and as noted throughout this report and our financial statements and notes thereto, our independent auditors have expressed their substantial doubt as to our ability to continue as a going concern as of December 31, 2020. We anticipate incurring significant losses in the future. We do not have an established source of revenue sufficient to cover our operating costs. Our ability to continue as a going concern is dependent upon our ability to successfully compete, operate profitably and/or raise additional capital through other means. If we are unable to reverse our losses, we will have to discontinue operations.

Because our business plan relies on marketing products we license from others, our capital requirements are generally limited to general operations and administration, including the costs of continuing as a public company, and our variable costs scale up or down based on our actual sales. We believe that increasing our marketing expenses will be critical to establishing sales sufficient to cover our expenses and, if possible, generate a profit. We anticipate using our existing financing operations to do so, which will almost certainly require either the issuance of equity or increases in existing levels of debt or, most likely, both.

Management's plans include the raising of capital through the equity markets to fund future operations, seeking additional acquisitions, and generating of revenue through our business. However, even if we do raise

sufficient capital to support our operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable us to develop business to a level where we will generate profits and positive cash flows from operations. These matters raise substantial doubt about our ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

Off-Balance Sheet Arrangements

We have no 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, and capital expenditures or capital resources that are material to stockholders.

Critical Accounting Policies

Our financial statements are based on the application of accounting principles generally accepted in the United States ("US GAAP"). US GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue, and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to US GAAP and are consistently and conservatively a that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

Recent Accounting Pronouncements

The Company has evaluated recent pronouncements through Accounting Standards Updates ("ASU") and believes that none of them will have a material impact on the Company's financial position, results of operations or cash flows.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company,” we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

As required by Rule 13a-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this quarterly report, March 31, 2021. This evaluation was carried out under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our company's reports filed under the Securities Exchange Act of 1934 is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Based upon that evaluation, including our Chief Executive Officer and Chief Financial Officer, we have concluded that our disclosure controls and procedures were ineffective as of the end of the period covered by this report due to a material weakness in our internal control over financial reporting, which is described below.

Management's Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934). Management has assessed the effectiveness of our internal control over financial reporting as of June 30, 2020, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. As a result of this assessment, management concluded that, as of June 30, 2020, our internal control over financial reporting was not effective. Our management identified the following material weaknesses in our internal control over financial reporting, which are indicative of many small companies with small staff: (i) inadequate segregation of duties and effective risk assessment. and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

We plan to take steps to enhance and improve the design of our internal control over financial reporting. During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we hope to implement the following changes during our fiscal year ending December 31, 2020: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out in (i) and (ii) are largely dependent upon our securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner.

To a certain extent, the size of our operation provides inherent checks and balances relative to internal controls: Because of our limited staff size and the integration of our executives and directors in operations, the prospect for significant internal control failures resulting in unreliable financial statements or worse is remote. Regardless, we recognize the importance of multiple layers of reporting and controls and are working toward improving our capabilities.

Changes in Internal Control over Financial Reporting

There was no change in the Company's internal control over financial reporting that occurred during the Company's most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings

At this time, we know of no pending legal proceedings of any manner to which we are a party, either individually or in the aggregate. We are from time-to-time, during the normal course of our business operations, subject to various litigation claims and legal disputes. There are no such claims or disputes pending at this time and we have not been notified of any possible claims or disputes.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Covid-19 Pandemic Impact and Risk

At this time, it is not possible to fully assess the impact of the COVID-19 pandemic on the Company’s operations and capital requirements. Business activities in 2020 were substantially curtailed: Our key executives were unable to travel, which impacted our financing operations. Consumer demand was generally down in our target markets, even though we offer products that are generally considered to promote health. We delayed much of our marketing activity due to travel, funding and perceived demand issues. We re-launched our marketing efforts during this reporting period, which have been slow to gain traction.

Should the COVID-19 pandemic reignite, the Company may be faced with the same headwinds we say during 2020, which may adversely affect the Company’s ability to (i) retain employees and consultants; (ii) obtain additional financing on terms acceptable to the Company, if at all; (iii) delay regulatory submissions and approvals, if required; (iv) delay, limit or preclude the Company from securing manufacturing sites, partnerships or marketing agreements; (v) delay, limit or preclude the Company from achieving technology or product development goals, milestones, or objectives; and (vi) preclude or delay entry into joint venture or partnership arrangements. The occurrence of any one or more of such events may affect the Company’s ability to execute on its business plan.

The Company’s priority and commitment is to the health and security of its team members, their families and its partners through this unprecedented pandemic.

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

We did not issue any equity securities during this reporting period. We received $75,000 from issuance of convertible notes to our finance partner, Power-Up Lending Group, Ltd.; the structure and terms of these obligations is the same as made in previous periods. Certain of these notes will come due during the periods ending August 30 and December 31, 2021, and we anticipate issuance of common shares upon Power-Up’s demand.

The Company entered into Employment Agreements with Charles Townsend, Chief Operating Officer, Ronald Lambert, Chief Financial Officer and Secretary/Treasurer, and Robert W. Ellis, President, during this reporting period. After the end of this reporting period, we entered into an Employment Agreement with Dr. Edward E. Jacobs, MD, our Chief Executive Officer and Chairman. All of these contracts are similar in terms and provisions and require payment by issuance of Restricted Stock Units (RSUs) under the terms of our 2021 Incentive Plan.

The number of RSUs issued to our key executives is based on the market price of the Company’s shares at the close of specific periods, so that the number of shares to be issued is variable. These RSUs have vesting schedules that do not require the issuance of shares until the earlier of one year or a Change of Control event.

Item 3. Defaults Upon Senior Securities

The Company has arranged extension and forbearance agreements with the holders of the 12% Debentures, which were issued in 2018 and due at various times in 2020. Our agreement calls for the extension of these obligations on the same terms until December 31, 2021, in exchange for current interest payments and delivery of 280,000 shares of its common stock (total). We anticipate issuance of these shares during 3Q 2020.

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Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

We entered into an Employment Agreement with Dr. Edward E. Jacobs, M.D., our Chief Executive Officer and Chairman, effective July 1, 2021. The Agreement provides for a one-year term and payment of annual compensation of $100,000, payable in Restricted Stock Units (RSUs) until such time as the Company’s cash-flow permits cash payment. The terms of the RSUs are set out in our 2021 Incentive Plan, which was attached to our Form 8-K filed on June 11, 2021.

Item 6. Exhibits

31.1	Section 302 Certification by the Principal Executive Officer
31.2	Section 302 Certification by the Principal Financial Officer
32.1	Section 906 Certification by the Principal Executive Officer
32.2	Section 906 Certification by the Principal Financial Officer

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SIGNATURES

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

	BioAdaptives Inc. (Registrant)
Dated: August 11, 2021	By:	/s/ Dr. Edward E. Jacobs, M.D.
		Dr. Edward E. Jacobs, M.D.
		Chief Executive Officer
		/s/ Robert Ellis
		Robert Ellis
		Chief Financial Officer

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EX-31.1

EXHIBIT 31.1

BIOADAPTIVES INC.

OFFICER'S CERTIFICATE PURSUANT TO SECTION 302

I, Edward E. Jacobs, Jr, certify that:

1.	I have reviewed this Form 10-Q of BioAdaptives Inc.
2.	Based on my knowledge, this 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 report.
3.	Based on my knowledge, the financial statements, and other financial information included in this 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 report.
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 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 during the period in which this 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; and
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 (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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

a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: August 11, 2021	By:	/s/ Edward E. Jacobs, Jr
		Edward E. Jacobs, Jr
		Chief Executive Officer
		(Principal Executive officer)

EX-31.2

EXHIBIT 31.2

BIOADAPTIVES INC.

OFFICER'S CERTIFICATE PURSUANT TO SECTION 302

I, Robert Ellis, certify that:

1.	I have reviewed this Form 10-Q of BioAdaptives Inc.
2.	Based on my knowledge, this 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 report.
3.	Based on my knowledge, the financial statements, and other financial information included in this 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 report.
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 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 during the period in which this 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; and
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 (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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

a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: August 11, 2021	By:	/s/ Robert Ellis
		Robert Ellis
		Chief Financial Officer
		(Principal Financial Officer)

EX-32.1

EXHIBIT 32.1

BIOADAPTIVES INC.

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 the Quarterly Report of BioAdaptives Inc. (the Registrant) on Form 10-Q for the period ended June 30, 2021, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Edward E. Jacobs, Jr, Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to Edward E. Jacobs, Jr and will be retained by BioAdaptives Inc. and furnished to the Securities and Exchange Commission for or its staff upon request.

Dated: August 11, 2021	By:	/s/ Edward E. Jacobs, Jr
		Edward E. Jacobs, Jr
		Chief Executive Officer
		(Principal Executive Officer)

EX-32.2

EXHIBIT 32.2

BIOADAPTIVES INC.

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 the Quarterly Report of BioAdaptives Inc. (the Registrant) on Form 10-Q for the period ended June 30, 2021, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Robert Ellis, Principal Accounting Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report 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 the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to Robert W. Ellis and will be retained by BioAdaptives Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

Dated: August 11, 2021	By:	/s/ Robert Ellis
		Robert Ellis
		Chief Financial Officer
		(Principal Accounting Officer)

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Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 08, 2021
Cover [Abstract]
Entity Registrant Name	BioAdaptives Inc.
Entity Central Index Key	0001575142
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, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		33,022,425
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	000-54949
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	46-2592228
Entity Address Address Line 1	2620 Regatta Drive
Entity Address Address Line 2	Suite 102
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89128
City Area Code	702
Local Phone Number	659-8829

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CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash	$ 69,513	$ 4,587
Prepaid expense	0	0
Marketable securities	761	444
Inventory	10,697	13,815
Total Current Assets	80,971	18,846
License, net	55,000	0
TOTAL ASSETS	135,971	18,846
Current Liabilities:
Accounts payable and accrued liabilities	83,583	87,561
Derivative liabilities	881,311	827,119
Current portion of convertible notes - net of discount of $6,396 and $4,764	479,284	405,236
Note payable - related party	43,715	77,715
Total Current Liabilities	1,487,893	1,397,631
Total Liabilities	1,487,893	1,397,631
Stockholders' Deficit:
Preferred stock, ($.0001 par value, 5,000,000 shares authorized; none issued and outstanding);	110	0
Common stock ($.0001 par value, 200,000,000 shares authorized; 33,032,425 and 21,591,942 shares issued and outstanding, and 10,000 and 762,390 issuable, respectively)	3,303	2,159
Additional paid-in capital	5,051,975	4,225,217
Accumulated deficit	(6,407,310)	(5,606,161)
Total Stockholders' Deficit	(1,351,922)	(1,378,785)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	135,971	$ 18,846
Series A Preferred Stock [Member]
Current Liabilities:
Note payable - related party	24,000
Stockholders' Deficit:
Preferred stock, ($.0001 par value, 5,000,000 shares authorized; none issued and outstanding);	$ 110

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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Convertible notes, net of discount	$ 6,396	$ 4,764
Stockholders' Deficit
Preferred stock, shares par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	33,032,425	21,591,942
Common stock, shares outstanding	33,032,425	21,591,942
Common stock, shares issuable	10,000	762,390
Series A Preferred Stock [Member]
Stockholders' Deficit
Preferred stock, shares par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	1,100,000	0
Preferred stock, shares outstanding	1,100,000	0
Preferred stock, shares designated	4,000,000	4,000,000

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Revenues	$ 6,065	$ 3,502	$ 10,583	$ 8,157
Cost of revenue	2,713	3,355	4,735	4,717
Gross Profit	3,352	147	5,848	3,440
Operating Expenses
General and administrative	33,690	8,494	42,320	47,926
Professional fees	15,639	18,621	37,622	27,711
Stock based compensation	0	46,264	163,900	139,643
Amortization of license	25,625	0	47,500	0
Total Operating Expenses	74,954	73,379	291,342	215,280
Other Income (Expense)
Unrealized gain (loss) on marketable securities	(2,517)	(349)	317	(709)
Interest expense	(15,833)	(58,921)	(77,249)	(112,504)
Change in fair value of derivative liabilities	(219,294)	(297,933)	(387,723)	(343,304)
Loss on settlement of debt	0		51,000	0
Total Other Income (Expense)	(237,644)	(357,203)	(515,655)	(456,517)
Loss before income taxes	(309,246)	(430,435)	(801,149)	(668,357)
Net Loss	$ (309,246)	$ (430,435)	$ (801,149)	$ (668,357)
Net Loss Per Common Share:
Basic and Diluted shares	$ (0.01)	$ (0.02)	$ (0.03)	$ (0.03)
Weighted Average Number of Common Shares Outstanding:
Basic and Diluted-	33,032,425	19,822,574	30,603,899	19,545,347

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CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY (DEFICIT) (UNAUDITED) - USD ($)	Total	Preferred Stock Series A	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2019			18,938,769
Balance, amount at Dec. 31, 2019	$ (839,876)	$ 0	$ 1,894	$ 3,917,147	$ (4,758,917)
Common stock issued for service, shares			400,000
Common stock issued for service, amount	47,115	0	$ 40	47,075	0
Common stock issued for service - related party, shares			272,914
Common stock issued for service - related party, amount	36,000	0	$ 27	35,973	0
Stock based compensation	10,264	0	0	10,264	0
Net loss for the period	(237,922)	0	$ 0	0	(237,922)
Balance, shares at Mar. 31, 2020			19,611,683
Balance, amount at Mar. 31, 2020	(984,419)	0	$ 1,961	4,010,459	(4,996,839)
Balance, shares at Dec. 31, 2019			18,938,769
Balance, amount at Dec. 31, 2019	(839,876)	0	$ 1,894	3,917,147	(4,758,917)
Stock based compensation	139,643
Net loss for the period	(668,357)
Balance, shares at Jun. 30, 2020			20,182,362
Balance, amount at Jun. 30, 2020	(1,324,210)		$ 2,018	4,101,046	(5,427,274)
Balance, shares at Mar. 31, 2020			19,611,683
Balance, amount at Mar. 31, 2020	(984,419)	0	$ 1,961	4,010,459	(4,996,839)
Common stock issued for service - related party, shares			285,779
Common stock issued for service - related party, amount	36,000	0	$ 29	35,971	0
Stock based compensation	46,264	0	$ 0	10,264	0
Net loss for the period	(430,435)				(430,435)
Common stock issued for conversion of debt, shares			284,900
Common stock issued for conversion of debt, amount	44,380	0	$ 28	44,352	0
Balance, shares at Jun. 30, 2020			20,182,362
Balance, amount at Jun. 30, 2020	(1,324,210)		$ 2,018	4,101,046	(5,427,274)
Balance, shares at Dec. 31, 2020			21,591,942
Balance, amount at Dec. 31, 2020	(1,378,785)	0	$ 2,159	4,225,217	(5,606,161)
Common stock issued for service, shares			1,000,000
Common stock issued for service, amount	163,900	0	$ 100	163,800	0
Net loss for the period	(491,903)	0	$ 0	0	(491,903)
Common stock issued for conversion of debt, shares			10,792,873
Common stock issued for conversion of debt, amount	486,612	$ 0	$ 1,079	485,533	0
Series A preferred stock issued for settlement of debt - related party, shares		600,000
Series A preferred stock issued for settlement of debt - related party, amount	75,000	$ 60	0	74,940	0
Series A preferred stock issued for license fee, shares		500,000
Series A preferred stock issued for license fee, amount	102,500	$ 50	$ 0	102,450	0
Cancellation of common stock - officers, shares			(352,390)
Cancellation of common stock - officers, amount	0	$ 0	$ (35)	35	0
Balance, shares at Mar. 31, 2021		1,100,000	33,032,425
Balance, amount at Mar. 31, 2021	(1,042,676)	$ 110	$ 3,303	5,051,975	(6,098,064)
Balance, shares at Dec. 31, 2020			21,591,942
Balance, amount at Dec. 31, 2020	(1,378,785)	$ 0	$ 2,159	4,225,217	(5,606,161)
Stock based compensation	163,900
Net loss for the period	(801,149)
Balance, shares at Jun. 30, 2021		1,100,000	33,032,425
Balance, amount at Jun. 30, 2021	(1,351,922)	$ 110	$ 3,303	5,051,975	(6,407,310)
Balance, shares at Mar. 31, 2021		1,100,000	33,032,425
Balance, amount at Mar. 31, 2021	(1,042,676)	$ 110	$ 3,303	5,051,975	(6,098,064)
Stock based compensation	0
Net loss for the period	(309,246)	$ 0	$ 0	0	(309,246)
Balance, shares at Jun. 30, 2021		1,100,000	33,032,425
Balance, amount at Jun. 30, 2021	$ (1,351,922)	$ 110	$ 3,303	$ 5,051,975	$ (6,407,310)

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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (801,149)	$ (668,357)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	163,900	47,115
Stock-based compensation - related party	0	92,528
Change in fair value of derivative liabilities	387,723	410,304
Amortization of license	47,500	0
Amortization of debt discount	48,048	19,577
Loss on settlement of debt	51,000	0
Unrealized (gain) loss on investments in marketable securities	317	(709)
Changes in operating assets and liabilities:
Inventory	3,118	(7,116)
Accounts payable and accrued liabilities	10,103	42,694
Net Cash Used in Operating Activities	(90,074)	(62,546)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Notes payable	0	9,800
Repayments of notes payable	0	(14,840)
Proceed from related party	1,623	0
Repayment to related party	(1,623)	0
Proceeds from notes payable - related party	0	19,272
Repayment of notes payable - related party	(10,000)	0
Proceeds from convertible notes	165,000	40,000
Net Cash Provided by Financing Activities	155,000	54,232
Net change in cash	64,926	(8,314)
Cash at beginning of period	4,587	12,313
Cash at end of period	69,513	3,999
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	0	0
Cash paid for interest	16,424	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Derivative liability recognized as debt discount	40,000	0
Issuance of common stock for conversion of debt	486,612	44,380
Issuance Series A preferred stock for license fee	102,500	0
Issuance Series A preferred stock for settlement of debt - related party	60	0
Cancellation of common stock	$ 35	$ 0

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DESCRIPTION OF BUSINESS AND HISTORY

6 Months Ended

Jun. 30, 2021

DESCRIPTION OF BUSINESS AND HISTORY

1. DESCRIPTION OF BUSINESS AND HISTORY

1. DESCRIPTION OF BUSINESS AND HISTORY

Description of business

BioAdaptives, Inc. (“BioAdaptives” or the ”Company”) was incorporated in Delaware on April 19, 2013, under the name Apex 8, Inc. Shortly afterwards, the Company’s control person sold his interest; new owners appointed management and changed its name to BioAdaptives, Inc. The Company acquired assets relating to the investigation, development and marketing of nutraceutical products; equipment designed to improve the bioavailability of nutrients in humans and animals; and licenses for specific products. It commenced investigation of the role of various botanicals in primitive cell development and proliferation, including certain algae along with herbs used in Traditional Chinese Medicine and Ayurvedic Practice. In the course of this investigation, BioAdaptives identified several potential human and animal products. The Company terminated further work on the equipment and products licensed in its early stages to concentrate on these products, for both human and animals.

We currently market and distribute natural plant- and algal-based products that improve health and wellness for humans and animals, with an emphasis on pain relief and anti-aging properties. The Company’s current products include dietary supplements for humans developed with our knowledge of natural foods. These products are designed to aid memory, cognition and focus; assist in sleep and fatigue reduction; provide pain relief and healing; and improve overall emotional and physical wellness. The science behind our products has proven to be effective for performance enhancement and pain relief for horses and dogs as well as providing improvements in appearance and we have developed products to utilize these advances.

Our current product line includes PrimiCell®, PluriPain® and PrimiLung™ for humans, and Canine Regen® and Equine Regen® for dogs and horses, along with Equine All-in-One® and a related Booster. The All-in-One products combine minerals, vitamins, amino acids and other botanicals along with the Regen® compounds, and have demonstrated improved performance and appearance in competition and show animals. All of these products are sold under licensing and manufacturing agreements with third-parties. While we continue to investigate our own nutraceutical products for humans and animals, most of our current activities are reliant on marketing and distributing products developed and owned by others.

The Company’s corporate office is located at 2620 Regatta Drive, Suite 102, Las Vegas, NV 89128, and it maintains fulfillment facilities at 4385 Cameron Street, Suite B, Las Vegas, NV 89103.

COVID-19

A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company has instituted some and may take additional temporary precautionary measures intended to help ensure the well-being of its employees and minimize business disruption. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position on June 30, 2021. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to collect accounts receivable and the ability of the Company to continue to provide high quality services to its clients. The Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or a revision of the carrying value of its assets or liabilities as of the date of issuance of this Quarterly Report on Form 10-Q. These estimates may change, as new events occur, and additional information is obtained.

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SUMMARY OF SIGNIFICANT POLICIES

6 Months Ended

Jun. 30, 2021

SUMMARY OF SIGNIFICANT POLICIES

2. SUMMARY OF SIGNIFICANT POLICIES

2. SUMMARY OF SIGNIFICANT POLICIES

Basis of presentation

The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10K. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for a fair presentation of financial position and the results of operations for the interim period presented, have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10K filed with SEC on March 30, 2021, have been omitted.

Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its 100% owned subsidiary, Blenders Choice Inc. All inter-company balances and transactions have been eliminated. The Company and its subsidiary will be collectively referred to herein as the “Company.”

Use of estimates

The preparation of consolidated financial statements in conformity with US GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company, and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates.

Earnings (loss) per share

Basic earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. Diluted earnings per share excludes all dilutive potential shares if their effect is anti-dilutive.

Financial Instruments and Fair Value Measurements

As defined in ASC 820” Fair Value Measurements,” fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

The following table summarizes fair value measurements by level on June 30, 2021 and December 31, 2020, measured at fair value on a recurring basis:

	Total Carrying Value		Quoted Market Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
	as of June 30, 2021		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity Securities	$	761	$	761	$	-	$	-
Liabilities
Derivative liabilities	$	881,311	$	-	$	-	$	881,311

Fair Value Measurements as of December 31, 2020 Using:

	Total Carrying Value as of December 31,		Quoted Market Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
	2020		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity Securities	$	444	$	444	$	-	$	-
Liabilities
Derivative liabilities	$	827,119		-		-		827,119

Intangible Assets

The Company capitalizes certain costs to acquire intangible assets; if such assets are determined to have a finite useful life they are amortized on a straight-line basis over the estimated useful life.

The Company tests its intangible assets for impairment at least annually and whenever events or circumstances change that indicate impairment may have occurred. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include, among others and without limitation: a significant decline in the Company’s expected future cash flows; a sustained, significant decline in the Company’s stock price and market capitalization; a significant adverse change in legal factors or in the business climate of the Company’s segments; unanticipated competition; and slower growth rates.

Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements.

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GOING CONCERN

6 Months Ended

Jun. 30, 2021

GOING CONCERN

3. GOING CONCERN

3. GOING CONCERN

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses since inception and had an accumulated deficit of $6,415,643 as of June 30, 2021. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

In order to mitigate the risk related with this uncertainty, the Company plans to issue additional shares of common stock for cash and services during the next 12 months.

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MARKETABLE SECURITIES

6 Months Ended

Jun. 30, 2021

MARKETABLE SECURITIES

4. MARKETABLE SECURITIES

4. MARKETABLE SECURITIES

Equity securities on June 30, 2021 and December 31, 2020, were comprised of 105,736 shares of common stock of Hemp, Inc. (HEMP.PK) recorded at fair value of $761 and $444, respectively.

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LICENSE FEE

6 Months Ended

Jun. 30, 2021

LICENSE FEE

5. LICENSE FEE

5. LICENSE FEE

During the six months ended June 30, 2021, the Company entered into two license and royalty agreements for human and animal nutraceutical products, which is currently markets. These agreements are for a period of one year and the Company issued 500,000 shares of Series A preferred stock valued at $102,500 in consideration of these licenses. The Company has capitalized the costs associated with licenses.

During the six months ended June 30, 2021, the Company recognized $47,500 in amortization expenses of license fees, and recorded asset value of the licenses of $55,000 as of June 30, 2021.

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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

6 Months Ended

Jun. 30, 2021

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

6. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

6. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities on June 30, 2021 and December 31, 2020 consists of the following.

	June 30,		December 31,
	2021		2020
Accounts payable	$	990	$	5,374
Credit card		-		7,759
Accrued salary		23,333		-
Accrued interest		48,279		49,583
Accrued liabilities		10,981		24,845
	$	83,583	$	87,561

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CONVERTIBLE NOTES

6 Months Ended

Jun. 30, 2021

CONVERTIBLE NOTES

7. CONVERTIBLE NOTES

7. CONVERTIBLE NOTES

Convertible notes on June 30, 2021 and December 31, 2020 consists of the following:

	June 30,			December 31,
	2021			2020
Convertible Notes - originated in April 2018	$	95,000		$	95,000
Convertible Notes - originated in June 2018		166,000			166,000
Convertible Notes - originated in October 2018		50,000			50,000
Convertible Notes - issued fiscal year 2019		-			13,000
Convertible Notes - issued fiscal year 2020		-			86,000
Convertible Notes - issued fiscal year 2021		179,500			-
Total convertible notes payable		490,500			410,000
Less: Unamortized debt discount		(11,216	)		(4,764	)
Total convertible notes		479,284			405,236
Less: current portion of convertible notes		479,284			405,236
Long-term convertible notes	$	-		$	-

For the six months ended June 30, 2021 and 2020, the interest expense on convertible notes was $28,146 and $23,877, respectively. As of June 30, 2021, and December 31, 2020, the accrued interest was $43,786 and $46,145, respectively.

The Company recognized amortization expense related to the debt discount of $48,048 and $86,577 for the six months ended June 30, 2021 and 2020, respectively, which is included in interest expense in the statements of operation.

Conversion

During the six months ended June 30, 2021, the Company converted notes with principal amounts of $99,000 and accrued interest of $14,081 into 10,792,873 shares of common stock. The corresponding derivative liability at the date of conversion of $373,531 was credited to additional paid in capital.

Convertible Notes - Issued during the year ended December 31, 2018

During the year ended December 31, 2018, the Company issued a total principal amount of $426,000 convertible notes for cash proceeds of $426,000. The convertible notes were also provided with a total of 107,000 common shares valued at $22,210. The terms of convertible notes are summarized as follows:

• Term two years;

• Annual interest rates 12%;

• Convertible at the option of the holders at any time

• Conversion prices are based on 50% discount to market value for the common stock based on a 4-week weekly average of the closing price.

Convertible Notes - Issued during the year ended December 31, 2019

During the year ended December 31, 2019, the Company issued a total principal amount of $73,500 in convertible notes for cash proceeds of $67,000. The terms of convertible notes are summarized as follows:

• Term one year;

• Annual interest rates 10%;

• Convertible at 180 days from issuance

• Conversion prices are based on 42% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date.

Convertible Notes - Issued during the year ended December 31, 2020

During the year ended December 31, 2020, the Company issued a total principal amount of $86,000 in convertible note for cash proceeds of $80,000. The terms of convertible note are summarized as follows:

• Term one year;

• Annual interest rates 10%;

• Convertible at 180 days from issuance

• Conversion prices are based on 39% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date.

Convertible Notes - Issued during the year ended December 31, 2021

During the six months ended June 30, 2021, the Company issued a total principal amount of $179,500 in convertible note for cash proceeds of $165,000,000. The terms of convertible note are summarized as follows:

• Term one year;

• Annual interest rates 10%;

• Convertible at 180 days from issuance

• Conversion prices are based on 39% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date.

The Company valued the conversion feature using the Binomial pricing model. The fair value of the derivative liability for all the notes that became convertible, including the notes issued in prior years, during the six months ended June 30, 2021 amounted to $141,805, and $40,000 of the value assigned to the derivative liability was recognized as a debt discount to the notes while the balance of $101,805 was recognized as a “day 1” derivative loss.

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DERIVATIVE LIABILITIES

6 Months Ended

Jun. 30, 2021

DERIVATIVE LIABILITIES

8. DERIVATIVE LIABILITIES

8. DERIVATIVE LIABILITIES

The Company analyzed the conversion option for derivative accounting consideration under ASC 815, Derivatives and Hedging, and hedging, and determined that the instrument should be classified as a liability since the conversion option becomes effective at issuance resulting in there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. The Company accounts for warrants as a derivative liability due to there being no explicit limit to the number of shares to be delivered upon settlement of all conversion options.

Fair Value Assumptions Used in Accounting for Derivative Liabilities.

ASC 815 requires we assess the fair market value of derivative liability at the end of each reporting period and recognize any change in the fair market value as other income or expense item.

The Company determined our derivative liabilities to be a Level 3 fair value measurement and used the Black-Scholes pricing model to calculate the fair value as of June 30, 2021. The Black-Scholes model requires six basic data inputs: the exercise or strike price, time to expiration, the risk-free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each convertible note is estimated using the Black-Scholes valuation model.

For the six months ended June 30, 2021 and year ended December 31, 2020, the estimated fair values of the liabilities measured on a recurring basis are as follows:

	Six Months Ended		Year ended
	June 30,		December 31,
	2021		2020
Expected term	0.01- 0.51 years		0.01- 0.51 years
Expected average volatility	128% - 315%		117% - 317%
Expected dividend yield		-		-
Risk-free interest rate	0.03% - 0.07%		0.05% - 0.19%

The following table summarizes the changes in the derivative liabilities during the six months ended June 30, 2021.

Fair Value Measurements Using Significant Observable Inputs (Level 3)
Balance - December 31, 2020	$	827,119
Addition of new derivatives recognized as debt discounts		40,000
Addition of new derivatives recognized as loss on derivatives		101,805
Settled on issuance of common stock		(373,531	)
(Gain) loss on change in fair value of the derivative		285,918
Balance - June 30, 2021	$	881,311

The aggregate loss on derivatives during the six months ended June 30, 2021 and 2020 was as follows.

	Six Months Ended
	June 30,
	2021		2020
Day one loss due to derivative liabilities on convertible notes	$	101,805	$	32,531
Loss on change in fair value of the derivative liabilities		285,918		310,773
	$	387,723	$	343,304

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STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2021

STOCKHOLDERS' EQUITY

9. STOCKHOLDERS' EQUITY

9. STOCKHOLDERS’ EQUITY

Preferred Stock

The Company is authorized to issue 5,000,000 shares of $.0001 par value preferred stock, of which 4,000,000 have been designated as Series A Preferred Stock.

Series A Preferred Stock

On February 6, 2020, the Company established its Series A Preferred Stock, par value .0001, by filing a Certificate of Designation with the Delaware Secretary of State. The Company’s board exercised “blank check” authority to establish classes of preferred stock without approval by shareholders under provision of its original Articles of Incorporation and has designated 4,000,000 shares of Series A Preferred Stock.

The Company may use the Series A Preferred Stock for purpose of asset acquisition or in satisfaction of recognized debt; they are not otherwise available for sale. The Series A Preferred Stock have enhanced voting privileges under certain circumstances; the collective right to appoint elect one director, at the Holders’ option; and conversion-to-common rights at a 5:1 ratio.

During the six months ended June 30, 2021, the Company issued 1,100,000 shares of series A preferred Stock as follows;

• 600,000 shares of Series A Preferred Stock valued at $75,000 for settlement of related party debt

• 500,000 shares of Series A Preferred Stock valued at $102,500 for consideration of licenses.

Common Stock

The Company is authorized to issue 200,000,000 shares of $.0001par value common stock as of June 30, 2021.

During the six months ended June 30, 2021, the Company issued 10,792,873 shares of common stock valued at $486,612 for conversion of debt.

During the six months ended June 30, 2021, the Company issued 1,000,000 shares of common stock valued at $163,900 for service.

During the six months ended June 30, 2021, the Company cancelled 352,390 shares of common stock related to our officer’ compensation.

As of June 30, 2021, and December 31, 2020, there were 33,022,425 and 20,829,552 shares of the Company’s common stock issued and outstanding, respectively. In addition, as of June 30, 2021 and December 31, 2020, there were 10,000 shares and 762,390 shares of the Company’s common stock issuable, respectively.

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RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2021

RELATED PARTY TRANSACTIONS

10. RELATED PARTY TRANSACTIONS

10. RELATED PARTY TRANSACTIONS

Notes payable - related party

During the six months ended June 30, 2021, the Company issued 600,000 shares of Series A Preferred Stock valued at $75,000 for settlement of $24,000 notes. As a result, the Company recorded a loss on settlement of debt of $51,000.

During the six months ended June 30, 2021 and 2020, the Company repaid notes payable to a related party of $10,000 and $0 and recognized interest of $1,055 and $1,096, respectively

As of June 30, 2021, and December 31, 2020, the Company recorded notes payable - related party of $43,715 and $77,715 and accrued interest of $4,493 and $3,438, respectively. The note is a4% interest bearing promissory note that the term is 1 year.

Due to related party

During the six months ended June 30, 2021, Dr. Edward E. Jacobs, M.D., our CEO, advanced $1,623 for operating expenses and $1,623 was reimbursed.

Employee agreements

Effective May 31, 2021, the Company entered into an Employment Contract with Charles Townsend to serve as its Chief Operating Officer. The Contract provides for a 12-month term and for payment of an annual salary of $100,000, payable in Restricted Stock Units calculated based on the closing market price of the Company’s shares as of the effective date. Mr. Townsend was also appointed as a director.

Effective May 31, 2021, the Company entered into an Employment Contract with Robert Ellis, to continue his service as the Company’s President. The Contract provides for a 12-month term and for payment of an annual salary of $100,000, payable in Restricted Stock Units calculated based on the closing market price of the Company’s shares each quarter. Mr. Ellis was also appointed as a director.

Effective May 31, 2021, the Company entered into an Employment Contract with Ronald Lambrecht, to continue his service as its Chief Financial Officer. The Contract provides for a 12-month term and for payment of an annual salary of $80,000, payable in Restricted Stock Units calculated based on the closing market price of the Company’s shares each quarter.

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SUSEQUENT EVENTS

6 Months Ended

Jun. 30, 2021

SUSEQUENT EVENTS

11. SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS

Effective July 1, 2021, the Company entered into an Employment Agreement with Dr. Edward E. Jacobs, M.D., our Chief Executive Officer and Chairman. The Agreement provides for a one-year term and payment of annual compensation of $100,000, payable in Restricted Stock Units (RSUs) until such time as the Company’s cash-flow permits cash payment. The terms of the RSUs are set out in our 2021 Incentive Plan, which was attached to our Form 8-K filed on June 11, 2021.

The Company initiated a social media outreach campaign a the end of 2Q 2021, and we expect the expenses therefrom to accrue in 3Q and 4Q 2021, and beyond. Additionally, during 3Q 2021 we commenced expanded outreach for our Ambassador Program; we anticipate accruing expenses for samples and other marketing activities relating to this Program during 3Q and 4Q 2021, and beyond.

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SUMMARY OF SIGNIFICANT POLICIES (Policies)

6 Months Ended

Jun. 30, 2021

SUMMARY OF SIGNIFICANT POLICIES

Basis of presentation

The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10K. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for a fair presentation of financial position and the results of operations for the interim period presented, have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10K filed with SEC on March 30, 2021, have been omitted.

Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its 100% owned subsidiary, Blenders Choice Inc. All inter-company balances and transactions have been eliminated. The Company and its subsidiary will be collectively referred to herein as the “Company.”

Use of estimates

The preparation of consolidated financial statements in conformity with US GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company, and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates.

Earnings (loss) per share

Basic earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. Diluted earnings per share excludes all dilutive potential shares if their effect is anti-dilutive.

Financial Instruments and Fair Value Measurements

As defined in ASC 820” Fair Value Measurements,” fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

The following table summarizes fair value measurements by level on June 30, 2021 and December 31, 2020, measured at fair value on a recurring basis:

	Total Carrying Value		Quoted Market Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
	as of June 30, 2021		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity Securities	$	761	$	761	$	-	$	-
Liabilities
Derivative liabilities	$	881,311	$	-	$	-	$	881,311

Fair Value Measurements as of December 31, 2020 Using:

	Total Carrying Value as of December 31,		Quoted Market Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
	2020		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity Securities	$	444	$	444	$	-	$	-
Liabilities
Derivative liabilities	$	827,119		-		-		827,119

Intangible Assets

The Company capitalizes certain costs to acquire intangible assets; if such assets are determined to have a finite useful life they are amortized on a straight-line basis over the estimated useful life.

The Company tests its intangible assets for impairment at least annually and whenever events or circumstances change that indicate impairment may have occurred. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include, among others and without limitation: a significant decline in the Company’s expected future cash flows; a sustained, significant decline in the Company’s stock price and market capitalization; a significant adverse change in legal factors or in the business climate of the Company’s segments; unanticipated competition; and slower growth rates.

Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements.

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SUMMARY OF SIGNIFICANT POLICIES (Tables)

6 Months Ended

Jun. 30, 2021

SUMMARY OF SIGNIFICANT POLICIES

Schedule of fair value of measurements of assets on recurring basis

	Total Carrying Value		Quoted Market Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
	as of June 30, 2021		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity Securities	$	761	$	761	$	-	$	-
Liabilities
Derivative liabilities	$	881,311	$	-	$	-	$	881,311

Fair Value Measurements as of December 31, 2020 Using:

	Total Carrying Value as of December 31,		Quoted Market Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
	2020		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity Securities	$	444	$	444	$	-	$	-
Liabilities
Derivative liabilities	$	827,119		-		-		827,119

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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2021

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Schedule of accounts payable and accrued liabilities

	June 30,		December 31,
	2021		2020
Accounts payable	$	990	$	5,374
Credit card		-		7,759
Accrued salary		23,333		-
Accrued interest		48,279		49,583
Accrued liabilities		10,981		24,845
	$	83,583	$	87,561

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CONVERTIBLE NOTES (Tables)

6 Months Ended

Jun. 30, 2021

CONVERTIBLE NOTES

Schedule of convertible notes

	June 30,			December 31,
	2021			2020
Convertible Notes - originated in April 2018	$	95,000		$	95,000
Convertible Notes - originated in June 2018		166,000			166,000
Convertible Notes - originated in October 2018		50,000			50,000
Convertible Notes - issued fiscal year 2019		-			13,000
Convertible Notes - issued fiscal year 2020		-			86,000
Convertible Notes - issued fiscal year 2021		179,500			-
Total convertible notes payable		490,500			410,000
Less: Unamortized debt discount		(11,216	)		(4,764	)
Total convertible notes		479,284			405,236
Less: current portion of convertible notes		479,284			405,236
Long-term convertible notes	$	-		$	-

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DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2021

DERIVATIVE LIABILITIES

Schedule of estimated fair values of the liabilities measured on a recurring basis

	Six Months Ended		Year ended
	June 30,		December 31,
	2021		2020
Expected term	0.01- 0.51 years		0.01- 0.51 years
Expected average volatility	128% - 315%		117% - 317%
Expected dividend yield		-		-
Risk-free interest rate	0.03% - 0.07%		0.05% - 0.19%

Summarizes the changes in the derivative liabilities

Fair Value Measurements Using Significant Observable Inputs (Level 3)
Balance - December 31, 2020	$	827,119
Addition of new derivatives recognized as debt discounts		40,000
Addition of new derivatives recognized as loss on derivatives		101,805
Settled on issuance of common stock		(373,531	)
(Gain) loss on change in fair value of the derivative		285,918
Balance - June 30, 2021	$	881,311

Schedule of (gain) loss on derivatives

	Six Months Ended
	June 30,
	2021		2020
Day one loss due to derivative liabilities on convertible notes	$	101,805	$	32,531
Loss on change in fair value of the derivative liabilities		285,918		310,773
	$	387,723	$	343,304

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SUMMARY OF SIGNIFICANT POLICIES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Assets:
Equity Securities	$ 761	$ 444
Liabilities
Derivative liabilities	881,311	827,119
Level 1 [Member]
Assets:
Equity Securities	761	444
Liabilities
Derivative liabilities	0	0
Level 2 [Member]
Assets:
Equity Securities	0	0
Liabilities
Derivative liabilities	0	0
Level 3 [Member]
Assets:
Equity Securities	0	0
Liabilities
Derivative liabilities	$ 881,311	$ 827,119

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SUMMARY OF SIGNIFICANT POLICIES (Details Narrative)	Jun. 30, 2021
Blenders Choice Inc. [Member]
Ownership percentage	100.00%

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GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
GOING CONCERN
Accumulated deficit	$ (6,407,310)	$ (5,606,161)

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MARKETABLE SECURITIES (Details Narrative) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Marketable securities	$ 761	$ 444
Hemp Inc [Member]
Equity securities held	105,736	105,736

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License fee (Details Narrative)	6 Months Ended
	Jun. 30, 2021 USD ($) shares
Asset value of license cost	$ 55,000
Amortization of license fee	$ 47,500
Series A Preferred Stock [Member]
Shares issued upon consideration transferred | shares	500,000
Shares issued upon consideration transferred, value	$ 102,500

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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Accounts payable	$ 990	$ 5,374
Credit card	0	7,759
Accrued salary	23,333
Accrued interest	48,279	49,583
Accrued liabilities	10,981	24,845
Accounts Payable And Accrued Liabilities	$ 83,583	$ 87,561

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CONVERTIBLE NOTES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Less: Unamortized debt discount	$ (11,216)	$ (4,764)
Total convertible notes	479,284	405,236
Less: current portion of convertible notes	479,284	405,236
Total convertible notes payable	490,500	410,000
Long-term convertible notes	0	0
Convertible Notes Payable [Member] | Issued fiscal year Two Thousand Twenty One [Member]
Total convertible notes payable	179,500	0
Convertible Notes Payable [Member] | Issued fiscal year Two Thousand Twenty [Member]
Total convertible notes payable	0	86,000
Convertible Notes Payable [Member] | Originated In April Two Thousand Eighteen [Member]
Total convertible notes payable	95,000	95,000
Convertible Notes Payable [Member] | Originated In June Two Thousand Eighteen [Member]
Total convertible notes payable	166,000	166,000
Convertible Notes Payable [Member] | Originated In October Two Thousand Eighteen [Member]
Total convertible notes payable	50,000	50,000
Convertible Notes Payable [Member] | Issued fiscal year Two Thousand Nineteen [Member]
Total convertible notes payable	$ 0	$ 13,000

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CONVERTIBLE NOTES (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Amortization of debt discount	$ 48,048	$ 19,577
Interest expenses	28,146	23,877
Fiar value of derivatives liabilities		141,805
Debt discount	40,000
Day one loss due to derivative liabilities on convertible notes		101,805
Accrued interest	4,493			$ 3,438
Additional paid in capital	5,051,975			4,225,217
Convertible Notes Payable [Member]
Accrued interest	43,786			$ 46,145
Description of conversion price				Conversion prices are based on 39% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date	Conversion prices are based on 42% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date.	Conversion prices are based on 50% discount to market value for the common stock based on a 4-week weekly average of the closing price.
Principal amount of convertible notes				$ 86,000	$ 73,500	$ 426,000
Proceeds from Convertible notes				$ 80,000	$ 67,000	$ 426,000
Additional paid in capital		$ 373,531
Debt instrument converted amount shares issued		10,792,873				107,000
Debt instrument converted amount		$ 99,000				$ 22,210
Debt instrument accrued interest converted amount		$ 14,081
Convertible debt term				1 year	1 year	2 years
Annual interest rates				10.00%	10.00%	12.00%
Debt Instrument, Convertible, Terms of Conversion Feature				Convertible at 180 days from issuance	Convertible at 180 days from issuance	Convertible at the option of the holders at any time
Convertible Notes Payable One [Member]
Description of conversion price			Conversion prices are based on 39% discount to the lowest trading price during the 20-trading day period ending on the latest complete training day prior to the conversion date.
Principal amount of convertible notes	$ 179,500
Proceeds from Convertible notes			$ 165,000,000
Convertible debt term			1 year
Annual interest rates			10.00%
Debt Instrument, Convertible, Terms of Conversion Feature			Convertible at 180 days from issuance

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DERIVATIVE LIABILITIES (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Expected dividend yield	0.00%	0.00%
Minimum [Member]
Expected term	3 days	3 days
Expected average volatility	128.00%	117.00%
Risk-free interest rate	0.03%	0.05%
Maximum [Member]
Expected term	6 months 3 days	6 months 3 days
Expected average volatility	315.00%	317.00%
Risk-free interest rate	0.07%	0.19%

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DERIVATIVE LIABILITIES (Details 1) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
DERIVATIVE LIABILITIES
Beginnig Balance	$ 827,119
Addition of new derivatives recognized as debt discounts	40,000
Addition of new derivatives recognized as loss on derivatives	101,805
Settled on issuance of common stock	(373,531)
(Gain) loss on change in fair value of the derivative	285,918	$ 310,773
Ending Balance	$ 881,311

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DERIVATIVE LIABILITIES (Details 2) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
DERIVATIVE LIABILITIES (Details)
Day one loss due to derivative liabilities on convertible notes	$ 101,805	$ 32,531
Loss on change in fair value of the derivative liabilities	285,918	310,773
Aggregate (gain) loss on derivatives	$ 387,723	$ 343,304

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STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Feb. 06, 2020
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares par value	$ 0.0001	$ 0.0001
Debt instrument converted amount	$ 486,612
Shares issued upon consideration transferred	10,792,873
Conversion-to-common rights	5:1 ratio
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares outstanding	33,032,425	21,591,942
Common stock, shares authorized	200,000,000	200,000,000
Common stock shares, issued	33,032,425	21,591,942
Preferred stock shares, issued	0	0
License [Member]
Shares issued upon consideration transferred	500,000
Shares issued upon consideration transferred, value	$ 102,500
Debt Settlement [Member]
Shares issued upon consideration transferred	600,000
Shares issued upon consideration transferred, value	$ 75,000
Services [Member]
Common stock, shares issuable	1,000,000
Common stock issuable value	$ 163,900
Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares outstanding	33,022,425	20,829,552
Common stock, shares authorized	200,000,000
Common stock shares, issued	33,022,425	20,829,552
Cancellation of shares	352,390
Common stock, shares issuable	10,000	762,390
Series A Preferred Stock [Member]
Preferred stock, shares par value	$ 0.0001	$ 0.0001	$ 0.0001
Shares issued upon consideration transferred, value	$ 102,500
Preferred stock, shares designated	4,000,000		4,000,000
Preferred stock shares, issued	1,100,000	0

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accrued interest	$ 4,493		$ 3,438
Rate of interest	4.00%
Repayment of notes payable - related party	$ 10,000	$ 0
Interest amount	1,055	$ 1,096
Notes payable, related party	43,715		$ 77,715
Officer [Member]
Advance received	1,623
Reimubursement amount	1,623
Series A Preferred Stock [Member]
Notes payable, related party	24,000
Loss on settlement of debt	$ 51,000
Common stock shares issued, shares	600,000
Common stock shares issued, value	$ 75,000
May 31, 2021 [Member] | Employment Agreement [Member] | Chief Operating Officers [Member]
Annual salary	$ 100,000
Contract terms period	12-month
May 31, 2021 [Member] | Employment Agreement [Member] | Presidents [Member]
Annual salary	$ 100,000
May 31, 2021 [Member] | Employment Agreement [Member] | Chief Financial Officers [Member]
Annual salary	$ 80,000
Contract terms period	12-month

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SUBSEQUENT EVENT (Details Narrative) - July 1, 2021 [Member] - Employment Agreement [Member]	6 Months Ended
	Jun. 30, 2021 USD ($)
Contract terms period	one-year
Annual compensation	$ 100,000