COMMON-CONTROL TRANSACTION - ASC 805-50

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

COMMON-CONTROL TRANSACTION - ASC 805-50

NOTE 5 – COMMON-CONTROL TRANSACTION - ASC 805-50

Livento Group, LLC Transfer 100% of its shares to Nugene International Inc in exchange of A class voting shares and C class shares, of net assets, this was an exchange of equity interests between entities under the control of the same parent.

Nugene International Inc, recognize the net assets received at historical carrying amounts, as reflected in the parent’s financial statements of Livento Group, LLC.

On January 26, 2020, Emergent, LLC (“Emergent”), a Nevada LLC controlled by Milan I Hoffman, was appointed the custodian of the Company and proceeded to revive the Company’s existence and resolve its outstanding indebtedness. This was completed as to all indebtedness except for one convertible rate promissory note of $120,000. On March 14th, 2022, Ms. Hoffman sold her Series A Preferred stock in the Company and certain shares of Series C Preferred Stock to Livento Group, LLC. Also in March 2022, David Stybr, our CEO and the sole owner of Livento Group, LLC, agreed to contribute Livento Group, LLC to the Company in exchange for a transfer to him of the Series A Preferred Stock which gave Mr. Stybr voting control of the Company. The Series C Preferred Stock purchased by Livento Group, LLC was cancelled. As a result of these transactions our current operations are the operations of Livento Group, LLC.

David Stybr, CEO and Founder inserted the shares of Livento Group LLC into NuGene International, Inc. and received A class voting shares and 5 mil of C class shares.

Concentration of Revenues

Livento Group, Inc. & Livento Group LLC

Profit & Loss Prev. Years Comparison

Accrual Basis

As of December 31, 2022, December 31, 2021, and December 31, 2020

	Dec 30, 2022			Dec 31, 2021			Dec 31, 2020
Ordinary Income/Expense
Income
Revenues		1,966,202			1,840,866			1,570,297
Sales Discounts		0			0			0
Total Income		1,966,202			1,840,866			1,570,297
Cost of Goods Sold
Merchant Account Fees		0			0			0
Professional fees RTS		393,879			345,000			267,000
Amortization RTS		1,677,410			714,589			0
Total COGS		2,071,289			1,059,589			267,000
Gross Profit		(105,087	)		781,277			1,303,297
Expense
Advertising & marketing		55,112			0			0
Computer and Internet Expenses		0			334,500			88,000
Bank Charges		1,048			267			267
Commissions & fees		15,292			0			0
Contract labor		129,467			0			0
Contractors		5,500			0			0
General business expenses		33,073			0			0
Interest paid		21,954			0			0
Legal & accounting services		55,272			0			0
Professional Fees		120,750			574,009			316,000
Office expenses		2,421			0			0
Payroll expenses		42,000			0			0
Rent		3,366			87,100			0
Travel		7,093			0			0
Uncategorized Expense		0			0			0
Total Expense		482,347			995,876			404,267
Net Ordinary Income		(587,434	)		(214,598	)		899,030
Other Income/Expense
Other Income		100,001			0			0
Other Expense		(276	)		281			0
Net Other Income		100,277			(281	)		0
Net Income		(487,158	)		(214,879	)		899,030