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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies  
Schedule of reclassification of operating loss

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

As Filed

 

 

Adjustment

 

 

As Reclassified

 

 

As Filed

 

 

Adjustment

 

 

As Reclassified

 

Cost of revenue

 

$133,508

 

 

(133,508)

 

-

 

 

1,893

 

 

$

(1,893)

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue (exclusive of amortization and depreciation shown separately below)

 

 

-

 

 

 

193,876

 

 

 

193,876

 

 

 

-

 

 

 

56,338

 

 

 

56,338

 

Amortization and depreciation

 

 

-

 

 

 

248,510

 

 

 

248,510

 

 

 

-

 

 

 

803

 

 

 

803

 

General and administration

 

 

584,434

 

 

 

(261,574)

 

 

322,860

 

 

 

281,970

 

 

 

(25,284)

 

 

256,686

 

Marketing

 

 

148,289

 

 

 

-

 

 

 

148,289

 

 

 

96,553

 

 

 

-

 

 

 

96,553

 

Management compensation

 

 

180,000

 

 

 

-

 

 

 

180,000

 

 

 

2,100,000

 

 

 

-

 

 

 

2,100,000

 

Professional fees- related party

 

 

8,640,000

 

 

 

259,596

 

 

 

8,899,596

 

 

 

-

 

 

 

188,036

 

 

 

188,036

 

Professional fees

 

 

932,352

 

 

 

(306,900)

 

 

625,452

 

 

 

500,875

 

 

 

(218,000)

 

 

282,875

 

Total operating expenses

 

$

10,485,075

 

 

133,508

 

 

10,618,583

 

 

2,979,398

 

 

1,893

 

 

2,981,291

 

Schedule of reclassification of cash flows from operating activities

 

 

Year Ended

 

 

 

December 31, 2022

 

 

 

 As Filed

 

 

 Adjustment

 

 

 As Reclassified

 

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

Net loss

 

$(2,907,828)

 

$-

 

 

$(2,907,828)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Digital currency

 

 

374

 

 

 

(47,350)

 

 

(46,976)

Related party advances funding operating expense

 

 

108,569

 

 

 

47,350

 

 

 

155,919

 

Net Cash used in Operating Activities

 

$(708,450)

 

$-

 

 

$(708,450)
Schedule of cost of revenue

 

 

Years Ended

 

 

 

December 31,

 

 

 

 2023

 

 

2022

 

Cost of inventory

 

$101,978

 

 

$21,431

 

Freight and shipping

 

 

14,494

 

 

 

8,674

 

Consulting and advisory

 

 

30,100

 

 

 

21,569

 

Royalty and sales commission

 

 

47,304

 

 

 

4,664

 

 

 

$193,876

 

 

$56,338

 

Schedule of Antidilutive Securities

 

 

 December 31

 

 

 December 31

 

 

 

2023

 

 

2022

 

 

 

 Shares 

 

 

 Shares 

 

 Convertible notes 

 

 

300,000

 

 

 

194,444

 

 Convertible Series C Preferred Stock 

 

 

25,957,712

 

 

 

650,959

 

 Convertible Series A Preferred Stock(1) 

 

 

10,000,000,000 

 

 

 

 10,000,000,000

 

 

 

 

10,026,257,712

 

 

 

10,000,845,403

 

Schedule of Reconciliation to Net Loss Per Common Share

 

 

 Years Ended

 

 

 

 December 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net Loss

 

$(9,855,019)

 

$(2,907,828)

Net Loss - diluted

 

$(9,855,019)

 

$(2,907,828)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

96,663,470

 

 

 

62,254,977

 

Effect of dilutive shares

 

 

 

 

 

 

 

 

Convertible notes

 

 

273,683

 

 

 

69,954

 

Preferred stock

 

 

10,025,957,712

 

 

 

10,013,019,178

 

Diluted

 

 

10,122,894,865

 

 

 

10,075,344,109

 

 

 

 

 

 

 

 

 

 

Net loss per common share:

 

 

 

 

 

 

 

 

Basic

 

$(0.10)

 

$(0.05)

Diluted

 

$(0.00)

 

$(0.00)