Restatements (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Changes and Error Corrections [Abstract]

Schedule of restatements of condensed consolidated balance sheet


		As of March 31, 2024
		As Previously				Effect of				As
ASSETS		Issued				Restatement				Restated
Cash and Cash Equivalents		$	134,038			$	(245	)		$	133,793
Other Current Assets			5,100				—				5,100
Property and Equipment, Net			156,666				—				156,666
Intangible Assets, Net			26,000				—				26,000
Total Assets		$	321,804			$	(245	)		$	321,559

LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts Payable		$	108,744			$	(83,523	)		$	25,221
Deferred Revenue			—				8,000				8,000
Other Current Liabilities			—				758				758
Related-Party Payables (Note 8)			30,800				76,826				107,626
Current Portion of Notes Payable (Note 7)			784,226				(766,605	)			17,621
Current Portion of Related-Party Notes Payable			300,000				(300,000	)			—
Notes Payable, Net of Current Portion			129,741				(5,539	)			124,202
Related-Party Notes Payable, Net of Current Portion			—				1,060,644				1,060,644
Total Liabilities			1,353,511				(9,439	)			1,344,072
Common Stock			107,847				—				107,847
Additional Paid-in Capital			36,550,160				23,150				36,573,310
Accumulated Deficit			(37,686,378	)			(17,292	)			(37,703,670	)
Less: Treasury Stock			(3,336	)			3,336				—
Total Stockholders' Deficit			(1,031,707	)			9,194				(1,022,513	)
Total Liabilities and Stockholders' Deficit		$	321,804			$	(245	)		$	321,559

Schedule of restatements of condensed consolidated statement of operations


		For the Three Months Ended March 31, 2024
		As Previously				Effect of				As
		Issued				Restatement				Restated
Revenue:
Lease Revenue		$	—			$	12,000			$	12,000
Total Revenue			—				12,000				12,000
Cost of Services			—				4,621				4,621
Gross Profit			—				7,379				7,379
Operating Expenses:
Depreciation Expense			—				6,712				6,712
General and Administrative			106,867				(895	)			105,972
Professional Fees			11,461				(10,251	)			1,210
Total Operating Expenses			118,328				(4,434	)			113,894
Operating Loss			(118,328	)			11,813				(106,515	)
Other Income and Expenses:
Lease Income			12,000				(12,000	)			—
Depreciation			(6,711	)			6,711				—
Interest Income			18				6				24
Interest Expense			(16,416	)			(807	)			(17,223	)
Total Other Income and Expenses			(11,109	)			(6,090	)			(17,199	)
Net Loss		$	(129,437	)		$	5,723			$	(123,714	)