COMMON-CONTROL TRANSACTION - ASC 805-50

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [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. In 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, a limited liability company formed by Mr. Stybr in 2020, for $200,000. Also in March 2022, Mr. Stybr, 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. Mr. Stybr was the sole member and man-ager of Livento Group LLC prior to such transfer, and has over $19,000,000 invested in the enti-ty. The Series C Preferred Stock purchased by Livento Group, LLC was cancelled shortly after it was acquired by Livento. Following such cancellation, Livento Group LLC, and Mr. Stybr, owned/controlled 100 shares of Series A Preferred Stock of the Company, which has 51% voting rights. As a result of these transactions our current operations are the operations of Livento Group, LLC.

Concentration of Revenues

Livento Group, Inc. & Livento Group LLC

Profit & Loss Prev. Years Comparison

Accrual Basis

As of December 31, 2024, December 31, 2023, and December 31, 2022

	Dec 30, 2024			Dec 31, 2023			Dec 31, 2022
Ordinary Income/Expense
Income
Revenues		1,691,241			1,966,202			1,966,202
Sales Discounts		0			0			0
Total Income		1,691,241			2,005,789			1,966,202
Cost of Goods Sold
Merchant Account Fees		0			0			0
Professional fees RTS		826,144			1,074,694			393,879
Amortization RTS		2,110,275			1,865,862			1,677,410
Total COGS		2,936,419			2,940,555			2,071,289
Gross Profit		(1,245,178	)		(934,767	)		(105,087	)
Expense
Advertising & marketing		39,025			339,230			55,112
Computer and Internet Expenses		0			0			0
Bank Charges		9,370			10,443			1,048
Commissions & fees		0			65,035			15,292
Contract labor		40,610			516,835			129,467
Contractors		18,501			5,475			5,500
General business expenses		21,745			32,815			33,073
Interest paid		135,381			0			21,954
Legal & accounting services		39,674			126,241			55,272
Professional Fees		46,108			209,563			120,750
Office expenses		9,532			6,896			2,421
Payroll expenses		46,012			191,000			42,000
Rent		4,271			5,544			3,366
Travel		504			19,238			7,093
Uncategorized Expense		500,882			4,081,376			0
Total Expense		911,556			5,611,673			482,347
Net Ordinary Income		(2,156,734	)		(6,546,440	)		(587,434	)
Other Income/Expense
Other Income		1,560,249			57			100,001
Other Expense		(92	)		(231	)		(276	)
Net Other Income		1,560,341			288			100,277
Net Income		(596,394	)		(6,546,152	)		(487,158	)