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, 2023

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 333-257323

SPECIFICITY, INC.
(Exact name of registrant as specified in its charter)
Nevada	85-4017786
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)
410 S. Ware Blvd., Suite 508, Tampa, FL	33619
(Address of principal executive offices)	(Zip Code)
(813) 364-4744
(Registrant’s telephone number, including area code)

N/A

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

Securities Registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock	SPTY	OTCQB

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 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, if any, every Interactive Data File required to be submitted 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 such files). Yes ☒    No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☒	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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: 10,624,243 shares of common stock as of June 30, 2023.

SPECIFICITY, INC.

TABLE OF CONTENTS

		Page
	PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	4
Item 4.	Controls and Procedures	4
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	6
Item 1A.	Risk Factors	6
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	6
Item 3.	Defaults Upon Senior Securities	6
Item 4.	Mine Safety Disclosures	6
Item 5.	Other Information	6
Item 6.	Exhibits	7
Signatures		8

i

SPECIFICTY, INC.

FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022

INDEX TO FINANCIAL STATEMENTS

(UNAUDITED)

	Pages
Balance Sheets	F-2
Statements of Operations	F-3
Statement of Stockholders’ Equity (Deficit)	F-4
Statement of Cash Flows	F-5
Notes to the Financial Statements	F-6

F-1

SPECIFICITY, INC

BALANCE SHEETS 

(UNAUDITED)

	As of June 30, 2023			As of December 31, 2022
Assets:
Current assets
Cash and cash equivalents	$	8,711		$	22,818
Accounts receivable		44,000			8,182
Prepaid expenses and other current assets		8,860			235,375
Total current assets		61,571			266,375
Property and equipment, net		65,528			70,722
Right of use asset		43,842			64,632
Total assets	$	170,941		$	401,729
Liabilities and Stockholders’ Deficit:
Current liabilities:
Account payable	$	233,226		$	93,867
Accrued liabilities		41,172			37,828
Accrued interest, related party		25,000			-
Note payable		92,120			-
Related party advances		371,239			193,739
Convertible note payable, net discount of $15,000		205,000			-
Right of use liability		43,842			43,909
Total current liabilities		1,011,599			369,343
Long term liabilities -
Related party notes payable		1,000,000			1,000,000
Right of use liability, net of current portion		-			20,723
Total liabilities		2,011,599			1,390,066
Commitments and contingencies
Stockholders’ Deficit:
Preferred stock, Series A; $0.001 par value; 1,000,000 shares authorized; 1,000,000 shares issued and outstanding as of June 30, 2023 and December 31, 2022		1,000			1,000
Preferred stock, Series B; $0.001 par value; 560,000 and 560,000 shares authorized; 560,000 and 560,000 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively		1,400,000			1,400,000
Common stock, $0.001 par value; 50,000,000 shares authorized, 10,682,584 and 10,652,584 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively		10,682			10,652
Additional paid-in capital		4,476,383			4,401,413
Accumulated deficit		(7,728,723	)		(6,801,402	)
Total stockholders’ deficit		(1,840,658	)		(988,337	)
Total liabilities and stockholders’ deficit	$	170,941		$	401,729

See accompanying notes to the financial statements.

F-2

SPECIFICITY, INC

STATEMENTS OF OPERATIONS

(UNAUDITED)

	For the Three Months Ended June 30, 2023			For the Three Months Ended June 30, 2022			For the Six Months Ended June 30, 2023			For the Six Months Ended June 30, 2022
Revenue, net	$	279,188		$	378,660		$	485,046		$	649,510
Cost of revenues		142,995			110,360			237,200			261,250
Gross profit		136,193			268,300			247,846			388,260
Operating expenses:
Sales and marketing		45,930			19,837			56,010			32,717
General and administrative expenses, including stock based compensation of $96,149, $0, $233,505 and $600,000, respectively		408,093			587,611			969,134			1,922,740
Officer compensation		44,773			20,988			61,273			116,518
Total operating expenses		498,796			628,436			1,086,417			2,071,975
Loss from operations		(362,603	)		(360,136	)		(838,571	)		(1,683,715	)
Other income (expense):
Interest expense		(70,650	)		(12,466	)		(88,750	)		(23,014	)
Total other income (expense)		(70,650	)		(12,466	)		(88,750	)		(23,014	)
Net loss	$	(433,253	)	$	(372,602	)	$	(927,321	)	$	(1,706,729	)
Basic and diluted net loss per common share attributable to common stockholders	$	(0.04	)	$	(0.04	)	$	(0.09	)	$	(0.19	)
Weighted-average number of shares used in computing basic and diluted per share amounts		10,682,584			9,369,345			10,669,435			9,123,984

See accompanying notes to the financial statements.

F-3

SPECIFICITY, INC

STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(UNAUDITED)

																				Total
	Preferred Stock, Series A				Preferred Stock, Series B				Common Stock				Additional				Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Paid-in Capital				Deficit			Deficit
Balance, December 31, 2022		1,000,000	$	1,000		560,000	$	1,400,000		10,652,584	$	10,652	$	4,401,413	$	-	$	(6,801,402	)		(988,337	)
Issuance of common stock for cash		-		-		-		-		30,000		30		74,970		-		-			75,000
Net loss		-		-		-		-		-		-		-		-		(927,321	)		(927,321	)
Balance, June 30, 2023		1,000,000	$	1,000		560,000	$	1,400,000		10,682,584	$	10,682	$	4,476,383	$	-	$	(7,728,723	)	$	(1,840,658	)

																				Total
	Preferred Stock, Series A				Preferred Stock, Series B				Common Stock				Additional				Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Paid-in Capital				Deficit			Deficit
Balance, March 31, 2023		1,000,000	$	1,000		560,000	$	1,400,000		10,682,584	$	10,682	$	4,476,383	$	-	$	(7,295,470	)		(1,407,405	)
Net loss		-		-		-		-		-		-		-		-		(433,253	)		(433,253	)
Balance, June 30, 2023		1,000,000	$	1,000		560,000	$	1,400,000		10,682,584	$	10,682	$	4,476,383	$	-	$	(7,728,723	)	$	(1,840,658	)

																						Total
	Preferred Stock, Series A				Preferred Stock, Series B				Common Stock				Additional			Subscription			Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Paid-in Capital			Receivable			Deficit			Deficit
Balance, December 31, 2021		1,000,000	$	1,000		260,000	$	650,000		8,654,701	$	8,655	$	1,418,896		$	(1,500	)	$	(2,456,870	)	$	(379,819	)
Issuance of common stock for cash		-		-		-		-		314,644		314		471,653			-			-			471,967
Offering costs		-		-		-		-		-		-		(22,831	)		-			-			(22,831	)
Stock-based compensation		-		-		-		-		400,000		400		599,600			-			-			600,000
Net loss		-		-		-		-		-		-		-			-			(1,706,729	)		(1,706,729	)
Balance, June 30, 2022		1,000,000	$	1,000		260,000	$	650,000		9,369,345	$	9,369	$	2,467,318		$	(1,500	)	$	(4,163,599	)	$	(1,037,412	)

																						Total
	Preferred Stock, Series A				Preferred Stock, Series B				Common Stock				Additional			Subscription			Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Paid-in Capital			Receivable			Deficit			Deficit
Balance, March 31, 2022		1,000,000	$	1,000		260,000	$	650,000		9,369,345	$	9,369	$	2,470,903		$	(1,500	)	$	(3,790,997	)	$	(661,225	)
Offering costs		-		-		-		-		-		-		(3,585	)		-			-			(3,585	)
Net loss		-		-		-		-		-		-		-			-			(372,602	)		(372,602	)
Balance, June 30, 2022		1,000,000	$	1,000		260,000	$	650,000		9,369,345	$	9,369	$	2,467,318		$	(1,500	)	$	(4,163,599	)	$	(1,037,412	)

See accompanying notes to the financial statements.

F-4

SPECIFICITY, INC

STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For the Six Months Ended June 30, 2023			For the Six Months Ended June 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(927,321	)	$	(1,706,729	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation		233,505			600,000
Depreciation		5,194			4,769
Debt discount amortization		5,000			-
Changes in operating assets and liabilities:
Accounts receivable		(35,818	)		-
Prepaids and other current assets		(6,990	)		(3,557	)
Accounts payable		139,359			(21,246	)
Accrued liabilities		3,344			(10,333	)
Accrued interest, related party		25,000			12,466
Net cash used in operating activities		(558,727	)		(1,124,630	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		-			(9,207	)
Net cash used in investing activities		-			(9,207	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable		120,000			-
Payments on notes payable		(27,880	)		-
Advances from related party		177,500			73,000
Proceeds from convertible notes payable		200,000			-
Payment of deferred offering costs		-			(22,831	)
Proceeds from sale of common stock		75,000			471,967
Net cash provided by financing activities		544,620			522,136
Change in cash and cash equivalents		(14,107	)		(611,701	)
Cash and cash equivalents, beginning of period		22,818			637,841
Cash and cash equivalents, end of period	$	8,711		$	26,140
Supplemental disclosures of cash flow information:
Cash paid for interest	$	73,750		$	10,548
Cash paid for income taxes	$	-		$	-
Non-cash investing and financing activities:
Right of use asset and liability	$	-		$	104,665

See accompanying notes to the financial statements.

F-5

SPECIFICITY, INC.

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Specificity, Inc. (the “Company”) is a Nevada Corporation incorporated on November 25, 2020 (“Inception”).

The Company is a full-service digital marketing firm that delivers cutting-edge marketing solutions to business-to-business clients as well as business to consumer clients. The Company has developed tools that allow us to identify and market to people who are actively in the buying cycle. We take advantage of the real-time messaging opportunities digital marketing offers to give small and medium-sized businesses a fair chance at online traffic.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited interim consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these consolidated financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2022. The results of operations for the six months ended June 30, 2023 are not indicative of the results that may be expected for the full year.

Revenues for the three months ended March 31, 2023, were reduced by approximately $24,000 due to a cutoff error subsequently discovered. The amount is insignificant to the financial and will be corrected prospectively.

Use of Estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Concentration of Credit Risk

Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits of $250,000 per institution that pays Federal Deposit Insurance Corporation (“FDIC”) insurance premiums. The Company has never experienced any losses related to these balances.

F-6

SPECIFICITY, INC.

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

Fair Value Measurements

The Company follows FASB ASC 820, Fair Value Measurements and Disclosures (“ASC 820”) to measure and disclosure the fair value of its financial instruments. ASC 820 establishes a framework for measuring fair value in U.S. GAAP and expands disclosures about fair value measurements and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy defined by ASC 820 are described below:

Level 1	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.

The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amounts reported in the Company’s financial statements for cash, accounts receivable, prepaids and other current assets, accounts payable, etc. approximate their fair value because of the immediate or short-term mature of these financial instruments.

Per Share Information

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period, increased by the potentially dilutive common shares that were outstanding during the period. As of June 30, 2023, the Company had 75,000 warrants and approximately 147,000 in potential shares under a convertible note which were excluded from the calculation as they would have been anti-dilutive. As of June 30, 2022, the Company did not have any dilutive shares.

New Accounting Pronouncements

The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company.

 NOTE 3 – GOING CONCERN

As reflected in the accompanying financial statements, during the six months ended June 30, 2023, the Company incurred a net loss of $927,321 and used cash of $558,727 in operating activities. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. We have evaluated the conditions or events that raise substantial doubt about the Company’s ability as a going concern within one year of issuance of the financial statements.

While the Company is continuing operations and generating revenues, the Company’s cash position is not significant enough to support the Company’s daily operations. To fund operations and reduce the working capital deficit, the Company has raised capital through the sale of common and preferred stock as well as monies advanced from related parties. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect, nor can there be assurance that such funds will be at acceptable terms. The ability of the Company to continue as a going concern is dependent upon our ability to further implement its business plan and generate revenues and cash flows. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

F-7

SPECIFICITY, INC.

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 4 – FINANCIAL STATEMENT ELEMENTS

In 2020, the Company purchased software for which is to be used in operations with a $50,000 note payable. The software is not expected to be implemented until late-2023 and thus no amortization was recorded at June 30, 2023.

NOTE 5 – ADVANCES AND NOTES PAYABLE 

On January 13, 2021, the Company entered into a share purchase agreement with the Company’s Chief Executive Officer to acquire 80% of Pickpocket, Inc. (“Pickpocket”) for a purchase price of $1.0 million in the form of a promissory note. As of the date of acquisition, Pickpocket did not have any operations or significant assets. Upon acquisition, the Company expensed the $1.0 million as compensation to officer. The transaction was accounted for on a carry-over basis as the Chief Executive Officer was the controlling shareholder in both entities. The promissory note incurs interest at a rate of 5% per annum. During the six months ended June 30, 2023 and 2022, the Company either accrued or paid interest of $25,000. As of June 30, 2023, the Company has accrued interest of $25,000 included within accrued interest, related party on the accompanying balance sheet.

The Company’s chief executive officer and a member of management have advanced the Company funds for operations. The advances do not incur interest and are due on demand. As of June 30, 2023, the balance due on the advances was $371,239. Subsequent to June 30, 2023, additional advances were $10,000.00.

On March 2, 2023, the Company entered into a revenue purchase agreement with a third party. Under the terms of the agreement, the Company received proceeds of $120,000 for which $169,200 will be repaid in 36 weekly installments of $4,700. The amounts loaned are secured by substantially all of the Company’s assets and are guaranteed by the Company’s Chief Executive Officer and a member of management.

On April 25, 2023, the Company entered into a convertible promissory note with a principal amount of $220,000, of which $200,000 was received in proceeds. The $20,000 on-issuance discount was recorded as a discount to the note and is being amortized to interest expense over the term of the note. The convertible promissory note contains a one-time interest charge of 10% applied on the issuance date to the original principal amount. The principal and interest are due in fixed monthly payments of $26,889 from July 2023 through March 2024. The principal and accrued interest may be converted into shares of the Company’s common stock at a conversion price of $1.50 per share at any time while the note is outstanding. During the six months ended June 30, 2023, the Company recorded $5,000 in debt discount amortization with $15,000 remaining which will be amortized over the term of the note.

F-8

SPECIFICITY, INC.

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 6 - COMMITMENTS AND CONTIGENCIES

Lease

The Company leases offices used for operations under a non-cancelable agreement. Rent expense for the six months ended June 30, 2023 and 2022 was $48,595 and $77,440, respectively. On January 1, 2022, the Company recorded a right of use asset and liability of $104,665. The Company used an effective borrowing rate of 3% which is the annual increase per the lease agreement.

Litigation

The Company is not party to any pending or threatened litigation.

Significant Contracts

On January 1, 2021, the Company entered into an employment contract with its Chief Executive Officer for which the initial term of the agreement is for one year and renews automatically annually. If the Chief Executive Officer is terminated without cause, then the remaining current contract year shall be paid. During the six months ended June 30, 2023, and 2022 the Company accrued or paid either the Chief Executive Officer and/or entities affiliated with the Chief Executive Officer $61,273, and $116,518, respectively which has been classified as officer compensation on the accompanying statements of operations. As of June 30, 2023, amounts due to the Chief Executive Officer were $25,000 and included within accrued liabilities on the accompanying balance sheet.

See Notes 5 and 7 for additional transactions with the related party.

NOTE 7 – STOCKHOLDERS’ EQUITY (DEFICIT)

Series A Preferred Stock

The Company is authorized to issue 1,000,000 shares of $0.001 par value Series A preferred stock (“Series A”). The holder of the Series A preferred stock is entitled to 80% of all voting rights available at the time of any vote. In the event of liquidation or dissolution of the Company, holders of Series A preferred stock are entitled to share ratably in all assets remaining after payment of liabilities and have no liquidation preferences. Holders of Series A preferred stock have a right to convert each share of Series A into five shares common stock. See below for discussion regarding issuance of Series A preferred stock.

Series B Preferred Stock

The Company is authorized to issue 260,000 shares of $0.001 par value Series B preferred stock (“Series A”). During September 2022, the Company increased the Series B preferred stock authorized shares to 560,000. The holder of the Series B preferred stock do not have voting rights. In the event of liquidation or dissolution of the Company, holders of Series B preferred stock are entitled to share ratably in all assets remaining after payment of liabilities and have no liquidation preferences. Holders of Series B preferred stock have a right to convert in the pro rata portion of exactly ten percent of the issued and outstanding common stock of the Company.

F-9

SPECIFICITY, INC.

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

Common Stock

The Company is authorized to issue 50,000,000 shares of $0.001 par value common stock. The holders of common stock are entitled to one vote per share on all matters submitted to a vote of stockholders.

During the six months ended June 30, 2022 the Company sold 314,644 shares of common stock to various investors at prices ranging from $0.50 to $1.50 per share resulting in gross proceeds of $471,967. Offering costs related to the sale of these shares amounted to $19,246 during the six months ended June 30, 2022.

During the six months ended June 30, 2022, the Company issued 400,000 shares of common stock to two employees for services rendered. The Company recorded $600,000 as stock-based compensation, within general and administrative expense in connection with the issuance. The Company valued the shares based upon the recent sales of common stock.

During the six months ended June 30, 2023, the Company sold 30,000 shares of common stock at $2.50 per share resulting in proceeds of $75,000. In connection with the sale, the Company issued warrants to purchase 75,000 shares of common stock at an exercise price of $5.00. The warrants vested upon issuance and expire in two years.

NOTE 8 – SUBSEQUENT EVENTS

Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 and has determined that no material subsequent events exist other than those disclosed.

F-10

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Cautionary Note Regarding Forward-Looking Information and Factors That May Affect Future Results

This quarterly report on Form 10-Q contains forward-looking statements regarding our business, financial condition, results of operations and prospects. The Securities and Exchange Commission (the “SEC”) encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions. This quarterly report on Form 10-Q and other written and oral statements that we make from time to time contain such forward-looking statements that set out anticipated results based on management’s plans and assumptions regarding future events or performance. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance or results of current and anticipated sales efforts, expenses, the outcome of contingencies, such as legal proceedings, and financial results. Factors that could cause our actual results of operations and financial condition to differ materially are set forth in the “Risk Factors” section of our Form S-1 filed with the Commission on September 13, 2022.

We caution that these factors could cause our actual results of operations and financial condition to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

The following discussion should be read in conjunction with our unaudited financial statements and the related notes that appear elsewhere in this quarterly report on Form 10-Q.

Business Overview

The discussion and analysis of our financial condition and results of operations are based on our financial statements, which we have prepared in accordance with accounting principles generally accepted in the United States of America. This discussion should be read in conjunction with the other sections of this Form 10-Q, including “Risk Factors” as described in our Form S-1 as filed with the Commission on September 13, 2022, and the Financial Statements. The various sections of this discussion contain a number of forward-looking statements, all of which are based on our current expectations and could be affected by the uncertainties and risk factors described throughout our Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the Commission on March 30, 2023, and our Form S-1 as filed with the Commission on September 13, 2022. See “Forward-Looking Statements.” Our actual results may differ materially. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported revenues and expenses during the reporting periods. On an ongoing basis, we evaluate estimates and judgments, including those described in greater detail below. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

As used in this “Management’s Discussion and Analysis of Financial Condition and Results of Operation,” except where the context otherwise requires, the term “we,” “us,” “our,” or “the Company,” refers to the business of Specificity, Inc.

-1-

Organizational Overview

Specificity, Inc. (“Specificity” or the “Company”) was incorporated in the State of Nevada on November 25, 2020.

The Problem We Endeavor to Solve

Big Tech and the Social Media giants have all evolved away from client advocacy and moved into a new paradigm of fear and hyper political correctness. They no longer endeavor to do what is right for their marketing clients. Instead, they have made marketing to targeted audiences exponentially more difficult and dramatically more expensive.

After the fallout from the social media giants getting caught misusing user supplied data (for example Cambridge Analytica) they pulled most of the targeting mechanisms out of their platforms to avoid additional congressional oversight and regulation. They have since gone a step further by claiming the rationale for these changes is to stop discrimination.

We believe the real motivation for this policy change is not anti-discrimination, rather it is revenue driven. They are forcing ad delivery to consumers unlikely to buy. They are also forcing increased quantities of ads to be placed in order to hit an impactful number of targeted buyers. As a result, businesses are deploying the same budget with diminished results or are forced to increase their spend to keep the net results the same. Their claim is that using peoples’ interests and behavior to identify suitable audiences to market to is suddenly discriminatory. These companies have used these practices for well over a decade. Targeting buyers with incomes that suggest they can afford a six-figure sports car isn’t discrimination; it’s the responsible deployment of advertising spend. Conversely, delivery of ads for low-income housing opportunities to wealthy people makes just as little sense as well.

At best its political correctness run amuck at worst it’s a ploy to drive ad spend up by forcing people to spend more to get the same. And not only will we take no part in this, we are building Specificity specifically to help businesses get the very most for their ad spend. Our marketing tools will target those most likely to buy the product being solicited. We would never allow nor condone discrimination of any kind. But delivering advertising to people actively looking for products and services is NOT discrimination; it’s intelligent marketing. 

Company Overview

Specificity, Inc. is a technology company with 2 core missions:

1) First, we endeavor to deliver the latest digital marketing technology to companies of all sizes making them nationally, regionally, and locally competitive. In this capacity, we come to the table already vertically integrated and capable of executing any size campaign flawlessly.

2) Secondarily, Specificity is a tech incubator. We identify technology-based marketing solutions, take an equity share position in return for utilizing our internal resources to complete the buildout of technology-based solutions, and then using our marketing prowess to draw clients to these businesses. We have the internal personnel to successfully complete these projects and our marketing capabilities will deliver lower advertising costs to launch new projects making growth faster to attain.

-2-

We are currently a development stage company with minimal revenues, though we had a significant increase in revenues for the year ended December 31, 2022. Accordingly, management has concluded that there is substantial doubt in our ability to continue as a going concern (please refer to the footnotes to the financial statements). As of June 30, 2023, the Company is still unable to establish a consistent flow of revenues from our operations which is sufficient to sustain our operating needs, management intends to rely primarily upon debt financing to supplement cash flows, if any, generated by our services. We will seek out such financing as necessary to allow the Company to continue to grow our business operations, and to cover such cost, excluding professional fees, associated with being a reporting Company with the Securities and Exchange Commission (“SEC”). The Company has included such costs to become a publicly reporting company in its targeted expenses for working capital expenses and intends to seek out reasonable loans from friends, family, and business acquaintances if it becomes necessary. At this point we have been funded by our founders and initial shareholders and have not received any firm commitments or indications from any family, friends, or business acquaintances regarding any potential investment in the Company except those shareholders listed herein.

Results of Operations – Three Months Ended June 30, 2023, vs 2022

Revenues

For the three months ended June 30, 2023, and June 30, 2022, we generated $279,188 and $378,660 in revenues, respectively. The decrease in revenues was due to a significant number of nonperforming salespeople which were subsequently released from employment as the Company shifted to engage larger clients. Additionally, several client launches which were anticipated to be completed during the second quarter of 2023 were delayed from completion by the quarter ended June 30, 2023, and are anticipated to be consummated during the third quarter of 2023. Our ongoing revenues and additional new business signed during June 2023 illuminates a revised run rate, defined as the monthly volume of sales annualized at the rate, of approximately $1,800,000 moving forward given the dynamic of our billing practice and client relationships.

Operating Expenses

For the three months ended June 30, 2023, and June 30, 2022, we incurred $498,796 and $628,436 in operating expenses, respectively. The decrease in Operating Expenses was due primarily to a decrease in general and administrative expenses.

Six Months Ended June 30, 2023, vs 2022

Revenues

For the six months ended June 30, 2023, and the six months ended June 30, 2022, we generated $485,046 and $649,510 in revenues, respectively. The decrease in revenues was due to a significant number of nonperforming salespeople which were subsequently released from employment as the Company shifted to engage larger clients. Additionally, several client launches which were anticipated to be completed during the second quarter of 2023 were delayed from completion by the quarter ended June 30, 2023, and are anticipated to be consummated during the third quarter of 2023.

Operating Expenses

For the six months ended June 30, 2023, and the six months ended June 30, 2022, we incurred $1,086,417 and $2,071,975 in operating expenses, respectively. The decrease in Operating Expenses was due primarily to a decrease in general and administrative expenses and a decrease in officer compensation due to the continued expansion of our operations.

Liquidity, Capital Resources, and Off-Balance Sheet Arrangements

Liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. We had available cash on hand of $8,711 as of June 30, 2023, as compared to $26,140 as of June 30, 2022. The decrease in capital was directly related to a decrease in proceeds from the sale of common stock.

Cash flows for the six months ended June 30, 2023.

Net cash flow derived from operating activities was $(558,727) for the six months ended June 30, 2023. This is due primarily to a net loss of ($927,321), accounts receivable of $(35,818), prepaids and other current assets of $(6,990), offset primarily by $233,505 from stock-based compensation. Net cash flow derived from operating activities was $(1,124,630) for the six months ended June 30, 2022, due primarily to a net loss of $(1,706,729), accounts payable of $(21,246) and accrued liabilities of $(10,333).

-3-

Net cash flow used in investing activities was $0 for the six months ended June 30, 2023, and $(9,207) for the six months ended June 30, 2022, due primarily to the purchase of property or equipment totaling $(9,207) during the six months ended June 30, 2022.

Net cash provided by financing activities was $544,620 for the six months ended June 30, 2023, and consisted of $75,000 from the proceeds from the sale of common stock, $177,500 from advances from related parties and $320,000 from two notes payable. Net cash provided by financing activities was $522,136 for the six months ended June 30, 2022, and consisted primarily of $471,967 from the proceeds from the sale of common stock. The Company continues to raise capital to fund operations.

Cash Requirements

Our management does not believe that our current capital resources will be adequate to continue operating our company and maintaining our business strategy for much more than 12 months. At the date hereof, we have minimal cash at hand. We require additional capital to implement our business and fund our operations.

Since inception we have funded our operations primarily through equity financing and we expect that we will continue to fund our operations through equity and debt financing, either alone or through strategic alliances. Additional funding may not be available on favorable terms, if at all. We intend to continue to fund our business by way of equity or debt financing until natural revenues can support the Company. If we raise additional capital through the issuance of equity or convertible debt securities, the percentage ownership of our company held by existing shareholders will be reduced and those shareholders may experience significant dilution. In addition, new securities may contain certain rights, preferences or privileges that are senior to those of our common stock. We cannot assure you that we will be able to raise the working capital as needed in the future on terms acceptable to us, if at all.

If we are unable to raise capital as needed, we are required to reduce the scope of our business development activities, which could harm our business plans, financial condition, and operating results, or cease our operations entirely, in which case, you will lose all of your investment.

Off-Balance Sheet Arrangements  

Not applicable.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure controls and procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports, filed under the Securities Exchange Act of 1934, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable and not absolute assurance of achieving the desired control objectives. In reaching a reasonable level of assurance, management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. In addition, the design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, a control may become inadequate because of changes in conditions or the degree of compliance with policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

-4-

As required by the SEC Rules 13a-15(b) and 15d-15(b), we carried out an evaluation under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. Based on the foregoing, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were not effective at the reasonable assurance level due to material weaknesses in internal controls over financial reporting. 

To address these material weaknesses, management engaged financial consultants, performed additional analyses and other procedures to ensure that the financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for the periods presented.

A material weakness is a deficiency, or a combination of deficiencies, within the meaning of Public Company Accounting Oversight Board (“PCAOB”) Audit Standard No. 5, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that as of June 30, 2023, our internal controls over financial reporting were not effective at the reasonable assurance level:

1. We do not have written documentation of our internal control policies and procedures. Written documentation of key internal controls over financial reporting is a requirement of Section 404 of the Sarbanes-Oxley Act which is applicable to us for the three months ended June 30, 2023. Management evaluated the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

2. We do not have sufficient resources in our accounting function, which restricts the Company’s ability to gather, analyze and properly review information related to financial reporting in a timely manner. In addition, due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. Management evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

3. We do not have personnel with sufficient experience with United States generally accepted accounting principles to address complex transactions.

4. We have inadequate controls to ensure that information necessary to properly record transactions is adequately communicated on a timely basis from non-financial personnel to those responsible for financial reporting. Management evaluated the impact of the lack of timely communication between non–financial personnel and financial personnel on our assessment of our reporting controls and procedures and has concluded that the control deficiency represented a material weakness.

5. We have determined that oversight over our external financial reporting and internal control over our financial reporting is ineffective. The Chief Financial Officer has not provided adequate review of the Company’s SEC’s filings and financial statements and has not provided adequate supervision and review of the Company’s accounting personnel or oversight of the independent registered accounting firm’s audit of the Company’s financial statement.

We have taken steps to remediate some of the weaknesses described above, including by engaging a financial reporting advisor with expertise in accounting for complex transactions. We intend to continue to address these weaknesses as resources permit.

Changes in internal control over financial reporting

There were no changes in our internal control over financial reporting during the quarter ended June 30, 2023, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

-5-

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS  

We know of no material, existing, or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers, or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

ITEM 1A. RISK FACTORS  

As a smaller reporting company, we are not required to provide the information required by this item. However, please refer to our Form 10-K as filed with the Commission on March 30, 2023, and our Form S-1 as filed with the Commission on September 13, 2022, to see those Risk Factors listed therein.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Except for founders shares all unregistered shares have since been registered pursuant to the Form S-1 registration statement deemed effective on September 16, 2021, the Form S-1 registration statement deemed effective on June 1, 2022, and the Form S-1 Registration statement deemed effective on September 23, 2022.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

-6-

ITEM 6. EXHIBITS

Exhibit No.	Description of Exhibit
31.1*	Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act Of 2002.
32.1*	Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act Of 2002.
101.INS*	XBRL INSTANCE DOCUMENT
101.SCH*	XBRL TAXONOMY EXTENSION SCHEMA
101.CAL*	XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
101.DEF*	XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
101.LAB*	XBRL TAXONOMY EXTENSION LABEL LINKBASE
101.PRE*	XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE

* Filed herewith.

-7-

SIGNATURES

Pursuant to the requirements 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.

	Specificity, Inc.
Date: 8/04/2023	By:	/s/ Jason Wood
	Name:	Jason Wood
	Title:	Chairman of the Board of Directors, Chief Executive Officer, Chief Financial Officer (Principal Executive Officer) (Principal Financial and Accounting Officer)

-8-

EX-31.1

Exhibit 31.1

I, Jason Wood, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Specificity, 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 our 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.

Date: August 04, 2023	By:	/s/ Jason Wood
	Name:	Jason Wood
	Title:	Chief Executive Officer (Principal Executive Officer) Chief Financial Officer (Principal Accounting Officer) (Principal Financial Officer)

EX-32.1

Exhibit 32.1

STATEMENT FURNISHED PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002, 18 U.S.C. SECTION 1350

In connection with the Quarterly Report on Form 10-Q of Specificity, Inc. (the “Company”) for the quarter ended June 30, 2023 (the “Report”), I, Jason Wood, Chief Executive Officer and Chief Financial Officer, certify as follows:

A) the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended (15 U.S.C. 78m or 78o(d)), and

B) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods covered by the Report.

This statement is authorized to be attached as an exhibit to the Report so that this statement will accompany the Report at such time as the Report is filed with the Securities and Exchange Commission, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350. Pursuant to Securities and Exchange Commission Release 33-8238, dated June 5, 2003, this certification is being furnished and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any registration statement of the Company filed under the Securities Act of 1933, as amended, except to the extent that the Company specifically incorporates it by reference. A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Date: August 04, 2023	By:	/s/ Jason Wood
	Name:	Jason Wood
	Title:	Chief Executive Officer (Principal Executive Officer) Chief Financial Officer (Principal Accounting Officer) (Principal Financial Officer)

XML

Cover	6 Months Ended
	Jun. 30, 2023 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	333-257323
Entity Registrant Name	SPECIFICITY, INC.
Entity Central Index Key	0001840102
Entity Tax Identification Number	85-4017786
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	410 S. Ware Blvd.
Entity Address, Address Line Two	Suite 508
Entity Address, City or Town	Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33619
City Area Code	(813)
Local Phone Number	364-4744
Title of 12(b) Security	Common Stock
Trading Symbol	SPTY
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	10,624,243

XML

BALANCE SHEETS (UNAUDITED) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 8,711	$ 22,818
Accounts receivable	44,000	8,182
Prepaid expenses and other current assets	8,860	235,375
Total current assets	61,571	266,375
Property and equipment, net	65,528	70,722
Right of use asset	43,842	64,632
Total assets	170,941	401,729
Current liabilities:
Account payable	233,226	93,867
Accrued liabilities	41,172	37,828
Accrued interest, related party	25,000
Note payable	92,120
Related party advances	371,239	193,739
Convertible note payable, net discount of $15,000	205,000
Right of use liability	43,842	43,909
Total current liabilities	1,011,599	369,343
Long term liabilities -
Related party notes payable	1,000,000	1,000,000
Right of use liability, net of current portion		20,723
Total liabilities	2,011,599	1,390,066
Stockholders’ Deficit:
Common stock, $0.001 par value; 50,000,000 shares authorized, 10,682,584 and 10,652,584 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	10,682	10,652
Additional paid-in capital	4,476,383	4,401,413
Accumulated deficit	(7,728,723)	(6,801,402)
Total stockholders’ deficit	(1,840,658)	(988,337)
Total liabilities and stockholders’ deficit	170,941	401,729
Series A Preferred Stock [Member]
Stockholders’ Deficit:
Preferred stock value	1,000	1,000
Series B Preferred Stock [Member]
Stockholders’ Deficit:
Preferred stock value	$ 1,400,000	$ 1,400,000

XML

BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Convertible note payable, net discount	$ 15,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	10,682,584	10,652,584
Common stock, shares outstanding	10,682,584	10,652,584
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	560,000	560,000
Preferred stock, shares issued	560,000	560,000
Preferred stock, shares outstanding	560,000	560,000

XML

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue, net	$ 279,188	$ 378,660	$ 485,046	$ 649,510
Cost of revenues	142,995	110,360	237,200	261,250
Gross profit	136,193	268,300	247,846	388,260
Operating expenses:
Sales and marketing	45,930	19,837	56,010	32,717
General and administrative expenses, including stock based compensation of $96,149, $0, $233,505 and $600,000, respectively	408,093	587,611	969,134	1,922,740
Officer compensation	44,773	20,988	61,273	116,518
Total operating expenses	498,796	628,436	1,086,417	2,071,975
Loss from operations	(362,603)	(360,136)	(838,571)	(1,683,715)
Other income (expense):
Interest expense	(70,650)	(12,466)	(88,750)	(23,014)
Total other income (expense)	(70,650)	(12,466)	(88,750)	(23,014)
Net loss	$ (433,253)	$ (372,602)	$ (927,321)	$ (1,706,729)
Basic net loss per common share attributable to common stockholders	$ (0.04)	$ (0.04)	$ (0.09)	$ (0.19)
Diluted net loss per common share attributable to common stockholders	$ (0.04)	$ (0.04)	$ (0.09)	$ (0.19)
Weighted-average number of shares used in computing basic per share amounts	10,682,584	9,369,345	10,669,435	9,123,984
Weighted-average number of shares used in computing diluted per share amounts	10,682,584	9,369,345	10,669,435	9,123,984

XML

STATEMENTS OF OPERATIONS (UNAUDITED) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Stock-based compensation	$ 96,149	$ 0	$ 233,505	$ 600,000

XML

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (UNAUDITED) - USD ($)	Preferred Stock Series A [Member]	Preferred Stock Series B [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Subscription Receivable [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 1,000	$ 650,000	$ 8,655	$ 1,418,896	$ (1,500)	$ (2,456,870)	$ (379,819)
Beginning balance, shares at Dec. 31, 2021	1,000,000	260,000	8,654,701
Issuance of common stock for cash			$ 314	471,653			471,967
Issuance of common stock for cash, shares			314,644
Offering costs				(22,831)			(22,831)
Stock-based compensation			$ 400	599,600			600,000
Stock-based compensation, shares			400,000
Net loss						(1,706,729)	(1,706,729)
Ending balance, value at Jun. 30, 2022	$ 1,000	$ 650,000	$ 9,369	2,467,318	(1,500)	(4,163,599)	(1,037,412)
Ending balance, shares at Jun. 30, 2022	1,000,000	260,000	9,369,345
Beginning balance, value at Mar. 31, 2022	$ 1,000	$ 650,000	$ 9,369	2,470,903	(1,500)	(3,790,997)	(661,225)
Beginning balance, shares at Mar. 31, 2022	1,000,000	260,000	9,369,345
Offering costs				(3,585)			(3,585)
Net loss						(372,602)	(372,602)
Ending balance, value at Jun. 30, 2022	$ 1,000	$ 650,000	$ 9,369	2,467,318	(1,500)	(4,163,599)	(1,037,412)
Ending balance, shares at Jun. 30, 2022	1,000,000	260,000	9,369,345
Beginning balance, value at Dec. 31, 2022	$ 1,000	$ 1,400,000	$ 10,652	4,401,413		(6,801,402)	(988,337)
Beginning balance, shares at Dec. 31, 2022	1,000,000	560,000	10,652,584
Issuance of common stock for cash			$ 30	74,970			75,000
Issuance of common stock for cash, shares			30,000
Net loss						(927,321)	(927,321)
Ending balance, value at Jun. 30, 2023	$ 1,000	$ 1,400,000	$ 10,682	4,476,383		(7,728,723)	(1,840,658)
Ending balance, shares at Jun. 30, 2023	1,000,000	560,000	10,682,584
Beginning balance, value at Mar. 31, 2023	$ 1,000	$ 1,400,000	$ 10,682	4,476,383		(7,295,470)	(1,407,405)
Beginning balance, shares at Mar. 31, 2023	1,000,000	560,000	10,682,584
Net loss						(433,253)	(433,253)
Ending balance, value at Jun. 30, 2023	$ 1,000	$ 1,400,000	$ 10,682	$ 4,476,383		$ (7,728,723)	$ (1,840,658)
Ending balance, shares at Jun. 30, 2023	1,000,000	560,000	10,682,584

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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (927,321)	$ (1,706,729)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	233,505	600,000
Depreciation	5,194	4,769
Debt discount amortization	5,000
Changes in operating assets and liabilities:
Accounts receivable	(35,818)
Prepaids and other current assets	(6,990)	(3,557)
Accounts payable	139,359	(21,246)
Accrued liabilities	3,344	(10,333)
Accrued interest, related party	25,000	12,466
Net cash used in operating activities	(558,727)	(1,124,630)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(9,207)
Net cash used in investing activities		(9,207)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable	120,000
Payments on notes payable	(27,880)
Advances from related party	177,500	73,000
Proceeds from convertible notes payable	200,000
Payment of deferred offering costs		(22,831)
Proceeds from sale of common stock	75,000	471,967
Net cash provided by financing activities	544,620	522,136
Change in cash and cash equivalents	(14,107)	(611,701)
Cash and cash equivalents, beginning of period	22,818	637,841
Cash and cash equivalents, end of period	8,711	26,140
Supplemental disclosures of cash flow information:
Cash paid for interest	73,750	10,548
Cash paid for income taxes
Non-cash investing and financing activities:
Right of use asset and liability		$ 104,665

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ORGANIZATION AND DESCRIPTION OF BUSINESS

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Specificity, Inc. (the “Company”) is a Nevada Corporation incorporated on November 25, 2020 (“Inception”).

The Company is a full-service digital marketing firm that delivers cutting-edge marketing solutions to business-to-business clients as well as business to consumer clients. The Company has developed tools that allow us to identify and market to people who are actively in the buying cycle. We take advantage of the real-time messaging opportunities digital marketing offers to give small and medium-sized businesses a fair chance at online traffic.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited interim consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these consolidated financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2022. The results of operations for the six months ended June 30, 2023 are not indicative of the results that may be expected for the full year.

Revenues for the three months ended March 31, 2023, were reduced by approximately $24,000 due to a cutoff error subsequently discovered. The amount is insignificant to the financial and will be corrected prospectively.

Use of Estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Concentration of Credit Risk

Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits of $250,000 per institution that pays Federal Deposit Insurance Corporation (“FDIC”) insurance premiums. The Company has never experienced any losses related to these balances.

Fair Value Measurements

The Company follows FASB ASC 820, Fair Value Measurements and Disclosures (“ASC 820”) to measure and disclosure the fair value of its financial instruments. ASC 820 establishes a framework for measuring fair value in U.S. GAAP and expands disclosures about fair value measurements and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy defined by ASC 820 are described below:

Level 1	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.

The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amounts reported in the Company’s financial statements for cash, accounts receivable, prepaids and other current assets, accounts payable, etc. approximate their fair value because of the immediate or short-term mature of these financial instruments.

Per Share Information

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period, increased by the potentially dilutive common shares that were outstanding during the period. As of June 30, 2023, the Company had 75,000 warrants and approximately 147,000 in potential shares under a convertible note which were excluded from the calculation as they would have been anti-dilutive. As of June 30, 2022, the Company did not have any dilutive shares.

New Accounting Pronouncements

The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company.

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GOING CONCERN

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN

 NOTE 3 – GOING CONCERN

As reflected in the accompanying financial statements, during the six months ended June 30, 2023, the Company incurred a net loss of $927,321 and used cash of $558,727 in operating activities. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. We have evaluated the conditions or events that raise substantial doubt about the Company’s ability as a going concern within one year of issuance of the financial statements.

While the Company is continuing operations and generating revenues, the Company’s cash position is not significant enough to support the Company’s daily operations. To fund operations and reduce the working capital deficit, the Company has raised capital through the sale of common and preferred stock as well as monies advanced from related parties. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect, nor can there be assurance that such funds will be at acceptable terms. The ability of the Company to continue as a going concern is dependent upon our ability to further implement its business plan and generate revenues and cash flows. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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FINANCIAL STATEMENT ELEMENTS

6 Months Ended

Jun. 30, 2023

Quarterly Financial Information Disclosure [Abstract]

FINANCIAL STATEMENT ELEMENTS

NOTE 4 – FINANCIAL STATEMENT ELEMENTS

In 2020, the Company purchased software for which is to be used in operations with a $50,000 note payable. The software is not expected to be implemented until late-2023 and thus no amortization was recorded at June 30, 2023.

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ADVANCES AND NOTES PAYABLE

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

ADVANCES AND NOTES PAYABLE

NOTE 5 – ADVANCES AND NOTES PAYABLE 

On January 13, 2021, the Company entered into a share purchase agreement with the Company’s Chief Executive Officer to acquire 80% of Pickpocket, Inc. (“Pickpocket”) for a purchase price of $1.0 million in the form of a promissory note. As of the date of acquisition, Pickpocket did not have any operations or significant assets. Upon acquisition, the Company expensed the $1.0 million as compensation to officer. The transaction was accounted for on a carry-over basis as the Chief Executive Officer was the controlling shareholder in both entities. The promissory note incurs interest at a rate of 5% per annum. During the six months ended June 30, 2023 and 2022, the Company either accrued or paid interest of $25,000. As of June 30, 2023, the Company has accrued interest of $25,000 included within accrued interest, related party on the accompanying balance sheet.

The Company’s chief executive officer and a member of management have advanced the Company funds for operations. The advances do not incur interest and are due on demand. As of June 30, 2023, the balance due on the advances was $371,239. Subsequent to June 30, 2023, additional advances were $10,000.00.

On March 2, 2023, the Company entered into a revenue purchase agreement with a third party. Under the terms of the agreement, the Company received proceeds of $120,000 for which $169,200 will be repaid in 36 weekly installments of $4,700. The amounts loaned are secured by substantially all of the Company’s assets and are guaranteed by the Company’s Chief Executive Officer and a member of management.

On April 25, 2023, the Company entered into a convertible promissory note with a principal amount of $220,000, of which $200,000 was received in proceeds. The $20,000 on-issuance discount was recorded as a discount to the note and is being amortized to interest expense over the term of the note. The convertible promissory note contains a one-time interest charge of 10% applied on the issuance date to the original principal amount. The principal and interest are due in fixed monthly payments of $26,889 from July 2023 through March 2024. The principal and accrued interest may be converted into shares of the Company’s common stock at a conversion price of $1.50 per share at any time while the note is outstanding. During the six months ended June 30, 2023, the Company recorded $5,000 in debt discount amortization with $15,000 remaining which will be amortized over the term of the note.

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COMMITMENTS AND CONTIGENCIES

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTIGENCIES

NOTE 6 - COMMITMENTS AND CONTIGENCIES

Lease

The Company leases offices used for operations under a non-cancelable agreement. Rent expense for the six months ended June 30, 2023 and 2022 was $48,595 and $77,440, respectively. On January 1, 2022, the Company recorded a right of use asset and liability of $104,665. The Company used an effective borrowing rate of 3% which is the annual increase per the lease agreement.

Litigation

The Company is not party to any pending or threatened litigation.

Significant Contracts

On January 1, 2021, the Company entered into an employment contract with its Chief Executive Officer for which the initial term of the agreement is for one year and renews automatically annually. If the Chief Executive Officer is terminated without cause, then the remaining current contract year shall be paid. During the six months ended June 30, 2023, and 2022 the Company accrued or paid either the Chief Executive Officer and/or entities affiliated with the Chief Executive Officer $61,273, and $116,518, respectively which has been classified as officer compensation on the accompanying statements of operations. As of June 30, 2023, amounts due to the Chief Executive Officer were $25,000 and included within accrued liabilities on the accompanying balance sheet.

See Notes 5 and 7 for additional transactions with the related party.

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STOCKHOLDERS’ EQUITY (DEFICIT)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

STOCKHOLDERS’ EQUITY (DEFICIT)

NOTE 7 – STOCKHOLDERS’ EQUITY (DEFICIT)

Series A Preferred Stock

The Company is authorized to issue 1,000,000 shares of $0.001 par value Series A preferred stock (“Series A”). The holder of the Series A preferred stock is entitled to 80% of all voting rights available at the time of any vote. In the event of liquidation or dissolution of the Company, holders of Series A preferred stock are entitled to share ratably in all assets remaining after payment of liabilities and have no liquidation preferences. Holders of Series A preferred stock have a right to convert each share of Series A into five shares common stock. See below for discussion regarding issuance of Series A preferred stock.

Series B Preferred Stock

The Company is authorized to issue 260,000 shares of $0.001 par value Series B preferred stock (“Series A”). During September 2022, the Company increased the Series B preferred stock authorized shares to 560,000. The holder of the Series B preferred stock do not have voting rights. In the event of liquidation or dissolution of the Company, holders of Series B preferred stock are entitled to share ratably in all assets remaining after payment of liabilities and have no liquidation preferences. Holders of Series B preferred stock have a right to convert in the pro rata portion of exactly ten percent of the issued and outstanding common stock of the Company.

Common Stock

The Company is authorized to issue 50,000,000 shares of $0.001 par value common stock. The holders of common stock are entitled to one vote per share on all matters submitted to a vote of stockholders.

During the six months ended June 30, 2022 the Company sold 314,644 shares of common stock to various investors at prices ranging from $0.50 to $1.50 per share resulting in gross proceeds of $471,967. Offering costs related to the sale of these shares amounted to $19,246 during the six months ended June 30, 2022.

During the six months ended June 30, 2022, the Company issued 400,000 shares of common stock to two employees for services rendered. The Company recorded $600,000 as stock-based compensation, within general and administrative expense in connection with the issuance. The Company valued the shares based upon the recent sales of common stock.

During the six months ended June 30, 2023, the Company sold 30,000 shares of common stock at $2.50 per share resulting in proceeds of $75,000. In connection with the sale, the Company issued warrants to purchase 75,000 shares of common stock at an exercise price of $5.00. The warrants vested upon issuance and expire in two years.

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SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 8 – SUBSEQUENT EVENTS

Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 and has determined that no material subsequent events exist other than those disclosed.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited interim consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these consolidated financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2022. The results of operations for the six months ended June 30, 2023 are not indicative of the results that may be expected for the full year.

Revenues for the three months ended March 31, 2023, were reduced by approximately $24,000 due to a cutoff error subsequently discovered. The amount is insignificant to the financial and will be corrected prospectively.

Use of Estimates

Use of Estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Concentration of Credit Risk

Concentration of Credit Risk

Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits of $250,000 per institution that pays Federal Deposit Insurance Corporation (“FDIC”) insurance premiums. The Company has never experienced any losses related to these balances.

Fair Value Measurements

Fair Value Measurements

The Company follows FASB ASC 820, Fair Value Measurements and Disclosures (“ASC 820”) to measure and disclosure the fair value of its financial instruments. ASC 820 establishes a framework for measuring fair value in U.S. GAAP and expands disclosures about fair value measurements and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy defined by ASC 820 are described below:

Level 1	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.

The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amounts reported in the Company’s financial statements for cash, accounts receivable, prepaids and other current assets, accounts payable, etc. approximate their fair value because of the immediate or short-term mature of these financial instruments.

Per Share Information

Per Share Information

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period, increased by the potentially dilutive common shares that were outstanding during the period. As of June 30, 2023, the Company had 75,000 warrants and approximately 147,000 in potential shares under a convertible note which were excluded from the calculation as they would have been anti-dilutive. As of June 30, 2022, the Company did not have any dilutive shares.

New Accounting Pronouncements

New Accounting Pronouncements

The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Revenues reduced	$ 24,000
FDIC limit		$ 250,000
Antidilutive securities			0
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities		75,000
Convertible Note [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities		147,000

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GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 433,253	$ 372,602	$ 927,321	$ 1,706,729
Ney cash used in operating activities			$ 558,727	$ 1,124,630

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FINANCIAL STATEMENT ELEMENTS (Details Narrative)	1 Months Ended
	Dec. 31, 2020 USD ($)
Quarterly Financial Information Disclosure [Abstract]
Payments to acquire software	$ 50,000

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ADVANCES AND NOTES PAYABLE (Details Narrative) - USD ($)			1 Months Ended	6 Months Ended
	Mar. 02, 2023	Jan. 13, 2021	Apr. 25, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Related party advances				$ 371,239		$ 193,739
Debt discount amortization				5,000
Convertible Promissory Note [Member]
Debt Instrument [Line Items]
Interest rate			10.00%
Proceeds from loan			$ 200,000
Periodic payment			26,889
Principal amount			220,000
Issuance discount			$ 20,000
Conversion price			$ 1.50
Debt discount amortization				5,000
Unamortized debt discount				15,000
Share Purchase Agreement [Member] | Pickpocket, Inc. [Member]
Debt Instrument [Line Items]
Voting percentage		80.00%
Purchase price		$ 1,000,000.0
Transactions costs		$ 1,000,000.0
Interest rate		5.00%
Interest paid				25,000	$ 25,000
Accrued Interest				$ 25,000
Revenue Purchase Agreement [Member] | Third Party [Member]
Debt Instrument [Line Items]
Proceeds from loan	$ 120,000
Periodic payment	$ 4,700

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COMMITMENTS AND CONTIGENCIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Jan. 02, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Rent expense			$ 48,595	$ 77,440
Right of use asset	$ 43,842		$ 43,842		$ 64,632	$ 104,665
Lease Liability						$ 104,665
Borrowing rate	3.00%		3.00%
Officer compensation	$ 44,773	$ 20,988	$ 61,273	116,518
Amounts due to related party	$ 25,000		25,000
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer compensation			$ 61,273	$ 116,518

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STOCKHOLDERS’ EQUITY (DEFICIT) (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Class of Stock [Line Items]
Common stock, shares authorized	50,000,000		50,000,000		50,000,000
Common stock, par value	$ 0.001		$ 0.001		$ 0.001
Proceeds from issuance of common stock			$ 75,000	$ 471,967
Stock-based compensation	$ 96,149	$ 0	$ 233,505	$ 600,000
Common Stock [Member]
Class of Stock [Line Items]
Number of stock sold			30,000	314,644
Common Stock [Member] | Various Investors [Member]
Class of Stock [Line Items]
Number of stock sold			30,000	314,644
Share price	$ 2.50		$ 2.50
Proceeds from issuance of common stock			$ 75,000	$ 471,967
Offering costs				$ 19,246
Number of warrants issued			75,000
Exercise price	$ 5.00		$ 5.00
Expiry term	2 years		2 years
Common Stock [Member] | Various Investors [Member] | Minimum [Member]
Class of Stock [Line Items]
Share price		$ 0.50		$ 0.50
Common Stock [Member] | Various Investors [Member] | Maximum [Member]
Class of Stock [Line Items]
Share price		$ 1.50		$ 1.50
Common Stock [Member] | Two Employess [Member]
Class of Stock [Line Items]
Common shares issued for services, shares				400,000
Stock-based compensation				$ 600,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	1,000,000		1,000,000		1,000,000
Preferred stock, par value	$ 0.001		$ 0.001		$ 0.001
Preferred stock, voting rights			The holder of the Series A preferred stock is entitled to 80% of all voting rights available at the time of any vote.
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	560,000		560,000		560,000
Preferred stock, par value	$ 0.001		$ 0.001		$ 0.001