v3.25.2
SCHEDULE OF RECONCILIATION OF THE BALANCE SHEETS (Details) - USD ($)
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current assets:            
Cash and cash equivalents $ 72,970 $ 20,435 $ 17,682 $ 16,677 $ 110,606  
Prepaid expenses [1] 3,750 19,117 57,717 81,317  
Total current assets 72,970 24,185 36,799 74,394 191,923  
Fixed assets:       50,000  
Goodwill [2] 740,469 740,469 740,469 740,469  
Intangible assets [2] 541,670 552,503 563,336 574,169  
TOTAL ASSETS 72,970 1,306,324 1,329,771 1,378,199 1,556,561  
Current liabilities:            
Accounts payable and accrued expenses 3,022,865 [1] 2,632,066 2,589,752 2,457,771 2,265,548  
Other liabilities 207,938 [3] 207,938 205,749 127,784  
Deferred revenue     60,000    
Notes, payable, net 2,968,271 [1] 2,440,845 2,408,045 2,361,218 2,211,353  
Total current liabilities 6,199,074 5,280,849 5,203,546 5,006,773 4,476,901  
Convertible debt 125,000 125,000   125,000 125,000  
Notes payable other 13,333 13,510 13,687 13,864 14,100  
TOTAL LIABILITIES 6,337,407 5,419,359 5,342,233 5,145,637 4,616,001  
Stockholders’ Deficit:            
Common stock 565,710 208,688 53,821 25,741 23,950  
Additional paid in capital 39,932,605 39,340,646 39,238,579 38,637,372 36,448,046  
Accumulated deficit (46,762,752) (43,662,369) (43,304,862) (42,430,551) (39,531,436)  
TOTAL STOCKHOLDERS’ DEFICIT (6,264,437) (4,113,035) (4,012,462) (3,767,438) (3,059,440) $ (1,015,817)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 72,970 1,306,324 1,329,771 1,378,199 $ 1,556,561  
Previously Reported [Member]            
Current assets:            
Cash and cash equivalents 72,970 20,435 17,682 16,677    
Prepaid expenses 30,317 [1] 3,750 19,117 57,717    
Total current assets 103,287 24,185 36,799 74,394    
Goodwill 740,469 [2] 740,469 740,469 740,469    
Intangible assets 530,837 [2] 541,670 552,503 563,336    
TOTAL ASSETS 1,374,593 1,306,324 1,329,771 1,378,199    
Current liabilities:            
Accounts payable and accrued expenses 2,678,883 [1] 2,632,066 2,589,752 2,457,771    
Other liabilities [3]          
Deferred revenue   60,000    
Notes, payable, net 2,506,443 [1] 2,440,845 2,408,045 2,361,218    
Total current liabilities 5,185,326 5,072,911 4,997,797 4,878,989    
Convertible debt 125,000 125,000 125,000 125,000    
Notes payable other 13,333 13,510 13,687 13,864    
TOTAL LIABILITIES 5,323,659 5,211,421 5,136,484 5,017,853    
Stockholders’ Deficit:            
Common stock 565,320 208,688 53,821 25,741    
Additional paid in capital 39,932,216 39,340,646 39,238,579 38,637,372    
Accumulated deficit (44,446,602) (43,454,431) (43,099,113) (42,302,767)    
TOTAL STOCKHOLDERS’ DEFICIT (3,949,066) (3,905,097) (3,806,713) (3,639,654)    
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 1,374,593 1,306,324 1,329,771 1,378,199    
Revision of Prior Period, Reclassification, Adjustment [Member]            
Current assets:            
Cash and cash equivalents          
Prepaid expenses [1] (30,317)          
Total current assets (30,317)          
Goodwill [2] (740,469)          
Intangible assets [2] (530,837)          
TOTAL ASSETS (1,301,623)    
Current liabilities:            
Accounts payable and accrued expenses [1] 343,982          
Other liabilities 207,938 [3] 207,938 205,749 127,784    
Notes, payable, net [1] 491,828          
Total current liabilities 1,013,748 207,938 205,749 127,784    
Convertible debt          
Notes payable other          
TOTAL LIABILITIES 1,013,748 207,938 205,749 127,784    
Stockholders’ Deficit:            
Common stock 390          
Additional paid in capital 389          
Accumulated deficit (2,316,150) (207,938) (205,749) (127,784)    
TOTAL STOCKHOLDERS’ DEFICIT (2,315,371) (207,938) (205,749) (127,784)    
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ (1,301,623)    
[1] At year end December 31, 2023, the Company recorded the following charges and adjustments to the financial statement above. These entries only impacted the Company’s fourth quarter and had no impact on prior quarters: -$526,903 was recorded as default interest due to a notification by lender to the Company in Q4 of 2023 -$310,000 in accrued salary, board fees and accrued expenses which should have been recorded relating the Company’s Q4 activity, was not recorded
[2] Based on an annual review performed on December 31, 2023, the Company determined that its goodwill and intangible assets had been fully impaired and recorded an impairment charge amounting to $1,271,306.
[3] Represents quarterly reduction of revenue which has been reclassified as an accrued liability due to the lack of documentation to support revenue recognition under the guidelines of ASC 606. The reduction in quarterly revenue amounted to $127,784 for the period ended March 31, 2023, $77,965 for the quarter ended June 30, 2023, and $2,189 for the quarter ended September 30, 2023. These adjustments amounted to $207,938. The quarterly restatement on the Company’s balance sheet and statements of operations of these revenue adjustments, which had no impact on cash flows, are reflected below.