LGBTQ Loyalty (LFAP) 10-Q25 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2022	May 25, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-54867
Entity Registrant Name	LGBTQ LOYALTY HOLDINGS, INC.
Entity Central Index Key	0001510247
Entity Tax Identification Number	80-0671280
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	2435 Dixie Highway
Entity Address, City or Town	Wilton Manors
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33305
City Area Code	(858)
Local Phone Number	577-1746
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		957,580,487

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 3,077	$ 78,348
Prepaid expenses and other current assets	4,638	6,925
Total current assets	7,715	85,273
Intangible assets, net	46,795	53,243
Total assets	54,510	138,516
Current liabilities:
Accounts payable	1,209,408	985,917
Accrued salaries and consulting fees	740,771	660,331
Accrued interest and dividends	759,789	640,153
Notes payable	126,986	126,986
Notes payable to related party	71,800	1,800
Convertible notes payable, net of debt discount	2,202,923	2,195,145
Derivative liability on convertible notes payable	1,757,315	1,398,127
Total liabilities	6,868,992	6,008,459
Commitments and contingencies
Stockholders’ equity (deficit):
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 912,068,287 and 832,719,287 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	912,068	832,719
Additional paid-in capital	12,897,856	13,215,129
Accumulated deficit	(20,624,459)	(19,917,844)
Total stockholders’ equity (deficit)	(6,814,482)	(5,869,943)
Total liabilities and stockholders’ equity (deficit)	54,510	138,516
Series A Preferred Stock [Member]
Stockholders’ equity (deficit):
Series D, 2,000 shares designated, 1,005 and 1,050 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively
Series B Preferred Stock [Member]
Stockholders’ equity (deficit):
Series D, 2,000 shares designated, 1,005 and 1,050 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively
Series C Preferred Stock [Member]
Stockholders’ equity (deficit):
Series D, 2,000 shares designated, 1,005 and 1,050 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	52	52
Series D Preferred Stock [Member]
Stockholders’ equity (deficit):
Series D, 2,000 shares designated, 1,005 and 1,050 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	$ 1	$ 1

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	912,068,287	832,719,287
Common stock, shares outstanding	912,068,287	832,719,287
Series A Preferred Stock [Member]
Preferred stock, shares authorized	1	1
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series C Preferred Stock [Member]
Preferred stock, shares authorized	129,559	129,559
Preferred stock, shares issued	52,559	52,559
Preferred stock, shares outstanding	52,559	52,559
Series D Preferred Stock [Member]
Preferred stock, shares authorized	2,000	2,000
Preferred stock, shares issued	1,005	1,050
Preferred stock, shares outstanding	1,005	1,050

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue
Cost of net revenue
Gross profit
Operating expenses:
Personnel costs	113,994	1,295,998
Consulting fees	15,250	33,000
Legal and professional fees	156,793	105,123
Fund expenses	100,000
Sales and marketing	27,702
General and administrative	36,317	28,123
Depreciation and amortization	6,448	6,448
Total operating expenses	456,504	1,468,692
Loss from operations	(456,504)	(1,468,692)
Other income (expense):
Interest expense	(106,127)	(561,687)
Change in derivative liability	(359,188)	412,974
Total other income (expense), net	(465,315)	(148,713)
Provision for income taxes
Net loss	$ (921,819)	$ (1,617,405)
Weighted average common shares outstanding - basic and diluted	882,320,409	279,934,215
Net loss per common share - basic and diluted	$ (0.001)	$ (0.01)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net loss	$ (921,819)	$ (1,617,405)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount and original issue discount	7,778	243,045
Change in fair value of derivative liability	359,188	(412,974)
Financing related costs - debt		264,460
Stock-based compensation expense		1,218,114
Depreciation and amortization	6,448	6,448
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	2,287	2,686
Accounts payable	223,491	58,287
Accrued salaries and consulting fees	80,440	24,333
Accrued interest and dividends	96,916	53,750
Net cash used in operating activities	(145,271)	(159,256)
Cash flows from investing activities:
Other receivables
Investment in intangible assets
Net cash used in investing activities
Cash flows from financing activities:
Net proceeds (repayments) from promissory note agreements	70,000	(500)
Proceeds from issuance of convertible debenture agreements		150,000
Net cash provided by financing activities	70,000	149,500
Net decrease in cash	(75,271)	(9,756)
Cash at beginning of period	78,348	30,312
Cash at end of period	3,077	20,556
Supplemental disclosure of cash flow information:
Cash paid for income taxes
Cash paid for interest
Supplemental disclosure of non-cash financing activities:
Conversion of accrued consulting fees into common shares		138,334
Dividends on preferred stock	22,720	1,722
Exercise of common stock warrants	43,349	61,775
Conversion of Series D preferred stock for common stock	54,000
Deemed dividend on conversion of preferred stock	$ 237,924

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]Series A Preferred Stock [Member]	Preferred Stock [Member]Series B Preferred Stock [Member]	Preferred Stock [Member]Series C Preferred Stock [Member]	Preferred Stock [Member]Series D Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020		$ 50	$ 130		$ 263,725	$ 7,714,704	$ (13,239,189)	$ (5,260,580)
Begning balance, shares at Dec. 31, 2020		50,000	129,559		263,725,234
Common shares issued to board of directors					$ 140,000	980,000		1,120,000
Begning balance, shares					140,000,000
Common shares issued for services and compensation					$ 31,834	204,614		236,448
Begning balance, shares					31,834,386
Debenture conversions					$ 37,539	318,815		356,354
Begning balance, shares					37,538,998
Dividends on preferred stock							(1,722)	(1,722)
Net loss							(1,617,405)	(1,617,405)
Ending balance, value at Mar. 31, 2021		$ 50	$ 130		$ 473,098	9,218,133	(14,858,316)	(5,166,906)
Begning balance, shares at Mar. 31, 2021		50,000	129,559		473,098,618
Beginning balance, value at Dec. 31, 2021			$ 52	$ 1	$ 832,719	13,215,129	(19,917,844)	(5,869,943)
Begning balance, shares at Dec. 31, 2021			51,559	1,050	832,719,287
Dividends on preferred stock							(22,720)	(22,720)
Net loss							(921,819)	(921,819)
Exercise of warrants					$ 43,349	(43,349)
Begning balance, shares					43,349,000
Conversion of Series D preferred stock for common stock					$ 36,000	(36,000)
Begning balance, shares				(45)	36,000,000
Deemed dividend on conversion of preferred stock						(237,924)	237,924
Ending balance, value at Mar. 31, 2022			$ 52	$ 1	$ 912,068	$ 12,897,856	$ (20,624,459)	$ (6,814,482)
Begning balance, shares at Mar. 31, 2022			51,559	1,005	912,068,287

Nature of Business

Nature of Business	3 Months Ended
Nature of Business	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Note 1. Nature of Business Throughout this report, the terms “our,” “we,” “us,” and the “Company” refer to LGBTQ Loyalty Holdings, Inc. (formerly LifeApps Brands Inc.), including its subsidiaries. On January 25, 2019, we acquired LGBT Loyalty LLC, a New York limited liability company, with the goal of creating the first LGBTQ Loyalty Preference Index ETF (the “Index ETF”) to provide the LGBTQ community with the power to influence the allocation of capital within a financial Index ETF based upon LGBTQ consumer preferences. The Index ETF is intended to link the growing economic influence of the LGBTQ community and their allies with many of the top Fortune 500 companies that support and implement diversity, inclusion and equality policies within their organizations. The incorporation of diversity and inclusion in a company’s recruitment and human resource policies has become a key concern to investors as part of their growing focus on ESG allocations. Our data and analytics unequivocally reinforce that corporations that have embraced diversity and inclusion policies within their corporate culture perform at a higher level financially than their peers. This includes advancing a more invigorated workforce that attracts and retains the best talent. Innovation and agility have been identified as great benefits of diversity, and there is an increasing awareness of what has become known as ‘the power of difference’. On October 30, 2019, through our wholly-owned subsidiary Loyalty Preference Index, Inc. (“LPI”) and our strategically aligned partnerships with crowd-sourced data and analytic providers, we launched the LGBTQ100 ESG Index. This Index integrates LGBTQ community survey data into the methodology for a benchmark listing of the nation’s highest financially performing large-cap publicly listed corporations that our respondents believe are most committed to advancing equality. LPI is the index provider for the LGBTQ + ESG100 ETF; LGBTQ Loyalty was the Sponsor for the prospectus that was filed by the licensed Fund Adviser ProcureAM, and was approved by the Securities and Exchange Commission (“SEC”) in early January 2020. The LGBTQ + ESG100 ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the LGBTQ100 ESG Index. In late 2020, LPI was renamed to Advancing Equality Preference, Inc. On March 25, 2022, ProcureAM, LLC (“Adviser”), the adviser to the Fund, after consultation with the Company, the sponsor of the ETF, determined that the Fund should be closed. Based upon a recommendation by the Adviser, the Board of Trustees of Procure ETF Trust I (the “Trust”) has approved a Plan of Liquidation for the Fund under which the Fund will be liquidated on or about April 28, 2022 (the “Liquidation Date”). The Liquidation Date may be changed without notice at the discretion of the officers of the Trust. Beginning when the Fund commences the liquidation of its portfolio, the Fund will not pursue its investment objectives or, with certain exceptions, engage in normal business activities, and the Fund may hold cash and securities that may not be consistent with the Fund’s investment objective and strategy, which may adversely affect Fund performance.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Going Concern The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“US GAAP”), which contemplates our continuation as a going concern. We have incurred losses to date of $ 20,624,459 and have negative working capital of $ 6,861,277 as of March 31, 2022. To date we have funded our operations through advances from a related party, issuances of convertible debt, and the sale of common stock, preferred stock and warrants. We intend to raise additional funding through third-party equity or debt financing. There is no certainty that funding will be available as needed. These factors raise substantial doubt about our ability to continue operating as a going concern. Our ability to continue our operations as a going concern, realize the carrying value of our assets, and discharge our liabilities in the normal course of business is dependent upon our ability to raise capital sufficient to fund our commitments and ongoing losses, and ultimately generate profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Basis of Presentation We have prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These condensed consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our balance sheets, operating results, and cash flows for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for fiscal year 2022. Certain information and footnote disclosures normally included in unaudited condensed consolidated financial statements prepared in accordance with US GAAP have been omitted in accordance with the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the SEC. The unaudited condensed consolidated balance sheet as of December 31, 2021 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. Prior Period Adjustments In the first quarter of 2022, we determined that the Series D preferred stock included a substantive conversion option, and therefore should be equity classified. Previously, the amount was included as a current liability. We have reclassified the amount to Series D preferred stock equity and additional paid-in capital on the consolidated balance sheet and consolidated statement of stockholders’ equity as of December 31, 2021. We do not believe the change to be qualitatively material to the consolidated financial statements as of December 31, 2021. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and our wholly owned subsidiaries, LGBTQ Loyalty, LLC, and Advancing Equality Preference, Inc. All material inter-company transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the years reported. Actual results may differ from these estimates. Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), provides a comprehensive framework for measuring fair value and expands disclosures which are required about fair value measurements. Specifically, ASC 820 sets forth a definition of fair value and establishes a hierarchy prioritizing the inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable value inputs. ASC 820 defines the hierarchy as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York Stock Exchange. Level 2 – Pricing inputs are other than quoted prices in active markets, but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts, or priced with models using highly observable inputs. Level 3 – Significant inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to determine the fair value of financial transmission rights and derivative liabilities. Our financial instruments consist of cash, other current assets, accounts payables, accruals, and notes payable. The carrying values of these instruments approximate fair value because of the short-term maturities. The fair value of the Company’s convertible debentures and promissory notes approximates their carrying values as the underlying imputed interest rates approximates the estimated current market rate for similar instruments. The derivative is measured as a Level 3 instrument due to the various inputs which requires significant management judgment. Refer to Note 6 for detail. The following table is a summary of our financial instruments measured at fair value: Schedule of Financial Instruments at Fair Value Fair Value Measurements as of March 31, 2022: Level 1 Level 2 Level 3 Total Liabilities: Derivative liability on convertible notes payable $ - $ - $ 1,757,315 $ 1,757,315 $ - $ - $ 1,757,315 $ 1,757,315 Fair Value Measurements as of December 31, 2021: Level 1 Level 2 Level 3 Total Liabilities: Derivative liability on convertible notes payable $ - $ - $ 1,398,127 $ 1,398,127 $ - $ - $ 1,398,127 $ 1,398,127 Earnings per Share We calculate earnings per share in accordance with ASC Topic 260 Earnings Per Share Schedule of Anti-dilutive Securities Excluded from Diluted Net Loss 2022 2021 Three Months Ended March 31, 2022 2021 Stock options outstanding - 1,800,000 Warrants 130,709,782 235,833,333 Shares to be issued upon conversion of notes and Series D preferred stock 3,919,792,222 372,689,648 Anti-dilutive securities 4,050,502,004 610,322,981 Recent Pronouncements In August 2020, the FASB issued Accounting Standards Update (“ASU”) 2020-06, which simplifies the guidance on the issuer’s accounting for convertible debt instruments by removing the separation models for convertible debt with a cash conversion feature and convertible instruments with a beneficial conversion feature. As a result, entities will not separately present in equity an embedded conversion feature in such debt and will account for a convertible debt instrument wholly as debt, unless certain other conditions are met. The elimination of these models will reduce reported interest expense and increase reported net income for entities that have issued a convertible instrument that is within the scope of ASU 2020-06. ASU 2020-06 is applicable for fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. The Company has elected to early adopt this ASU in the first quarter of 2022 and the adoption of this ASU did not have a material impact on the Company’s consolidated financial statements and related disclosures. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s consolidated financial statements upon adoption.

Intangible Assets

Intangible Assets	3 Months Ended
Intangible Assets	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 3. Intangible Assets The Company capitalizes costs pertaining to the development of the LGBTQ100 ESG Index website. The Company began amortizing these costs upon the launch of the index, and will amortize the costs over a three-year useful life. At March 31, 2022 and December 31, 2021, net intangible assets were $ 46,795 53,243 6,448

Notes Payable

Notes Payable	3 Months Ended
Notes Payable	Mar. 31, 2022
Debt Disclosure [Abstract]
Notes Payable	Note 4. Notes Payable As of March 31, 2022 and December 31, 2021, the Company has a note payable outstanding in the amount of $ 1,986 2 In December 2019, the Company issued a promissory note to Pride Partners LLC (“Pride”) for $ 75,000 10 In 2019, the Company issued a promissory note for $ 50,000 2,500

Convertible Notes Payable

Convertible Notes Payable	3 Months Ended
Convertible Notes Payable	Mar. 31, 2022
Debt Disclosure [Abstract]
Convertible Notes Payable	Note 5. Convertible Notes Payable During the three months ended March 31, 2022 and 2021, the Company recorded amortization of debt discount and original issue discount of $ 7,778 217,754 The following is a summary of the activity of the convertible notes payable and convertible debenture for the three months ended March 31, 2022: Schedule of Convertible Notes Payable and Convertible Debentures Activity Convertible Debenture Balance as of December 31, 2021 $ 2,195,145 Amortization of debt discount and original issue discount 7,778 Balance as of March 31, 2022 $ 2,202,923 The following comprises the balance of the convertible debenture outstanding at March 31, 2022 and December 31, 2021: Schedule of Convertible Debenture Outstanding March 31, December 31, 2022 2021 Principal amount outstanding $ 2,221,027 $ 2,221,027 Less: Unamortized original issue discount (18,104 ) (25,882 ) Total $ 2,202,923 $ 2,195,145 As of March 31, 2022 and December 31, 2021, the EMA Note was in default and the parity value of the EMA Note was determined to be $ 434,687 60,714,000

Derivative Liability

Derivative Liability	3 Months Ended
Derivative Liability	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liability	Note 6. Derivative Liability We evaluated the terms of the conversion features of the debentures and related debenture warrants as noted above and below, in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity’s Own Stock To determine the fair value of our embedded derivatives, management evaluates assumptions regarding the probability of certain future events. Other factors used to determine fair value include our period end stock price, historical stock volatility, risk free interest rate and derivative term. The fair value recorded for the derivative liability varies from period to period. This variability may result in the actual derivative liability for a period either above or below the estimates recorded on our consolidated financial statements, resulting in significant fluctuations in other income (expense) because of the corresponding non-cash gain or loss recorded. We value the conversion feature at origination of the notes using the Black-Scholes valuation model with the below assumptions. We value the derivative liability at the end of each accounting period, and upon conversion of the underlying note or warrant, with the difference in value recognized as gain or loss included in other income (expense) in our consolidated statements of operations. Schedule of Conversion Feature of Derivative Liability Three Months Ended March 31, 2022 2021 Risk-free interest rate n/a 0.09 % Expected term (in years) n/a 1.00 Expected volatility n/a 233.1 % Expected dividend yield n/a 0 % Exercise price of underlying common shares n/a $ 0.004 During the three months ended March 31, 2022, the entire value of the principal of the debentures was assigned to the derivative liability and recognized as a debt discount. The debt discount is recorded as reduction (contra-liability) to the debentures and is being amortized over the initial term. Any excess balance was recognized as origination interest on the derivative liability and expensed on origination. The following is a summary of the activity of the derivative liability for the three months ended March 31, 2022: Schedule of Derivative Liability Activity Debenture Balance as of December 31, 2021 $ 1,398,127 Change in fair value of derivative liability 359,188 Balance as of March 31, 2022 $ 1,757,315

Preferred Stock

Preferred Stock	3 Months Ended
Preferred Stock	Mar. 31, 2022
Equity [Abstract]
Preferred Stock	Note 7. Preferred Stock Series D Convertible Preferred Stock On April 8, 2021, the Company issued 400 GHS Investments, LLC (“ GHS”) pursuant to a Securities Purchase Agreement (“GHS April Agreement”) for net proceeds of $ 427,600 40,000,000 0.001 On May 12, 2021, the Company issued 150 146,500 1,500,000 0.001 On July 14, 2021, the Company issued 250 237,500 250 250,000 On the one-year anniversary of the date of issuance of the Preferred Stock, the Company must redeem the Preferred Stock then outstanding at a price equal to the outstanding Stated Value together with any accrued but unpaid dividends. In January 2022, GHS converted 45 shares of Series D preferred stock with a stated value of $ 54,000 for 36,000,000 shares of common stock at a conversion price of $ 0.0015 per share. As a result of the conversion, the Company recorded a deemed dividend of $ 237,924 0.0015 0.008109 As of March 31, 2022, there were 1,005 shares of Series D preferred stock outstanding, and $ 75,664 in accrued Series D dividends. As of December 31, 2021, there were 1,050 shares of Series D preferred stock outstanding, and $52,944 in accrued Series D dividends.

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit)	3 Months Ended
Stockholders’ Equity (Deficit)	Mar. 31, 2022
Equity [Abstract]
Stockholders’ Equity (Deficit)	Note 8. Stockholders’ Equity (Deficit) Common Stock In January 2022, GHS converted 45 54,000 36,000,000 0.0015 In February 2022, Auctus exercised warrants for 43,349,000 In March 2021, an aggregate of 140,000,000 961,666 In March 2021, an aggregate of 31,834,386 236,448 During the three months ended March 31, 2021, the Company issued 37,538,998 140,500

Options and Warrants

Options and Warrants	3 Months Ended
Options and Warrants	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
Options and Warrants	Note 9. Options and Warrants Options As of March 31, 2022 and December 31, 2021, we had 0 Warrants As of March 31, 2022 and December 31, 2021, we had 130,709,782 174,058,782 0.01 0.02 43,349,000

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 10. Related Party Transactions Parties, which can be a corporation or an individual, are considered to be related if we have the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. Notes Payable to Related Party Notes payable to related parties at March 31, 2022 and December 31, 2021 included a note of $ 1,800 with a 2 % annual interest rate. Currently the Company has defaulted on this obligation. Forbearance has been granted by the related party. In February 2022, the Company issued a promissory note to a related party for $ 70,000 Accrued Salaries and Compensation As of March 31, 2022 and December 31, 2021, accrued salaries to our company officers and executive director totaled $ 522,804 472,804 In March 2021, we issued 200,000,000 160,000 Board of Directors In March 2021, we issued 20,000,000 140,000,000 961,666 138,334 A former board member is the co-founder and president of ProcureAM, LLC, the fund advisor for the Fund. During 2021, we initially received $ 100,000 305,000 305,000 100,000 0 Accounts Payable As of March 31, 2022 and December 31, 2021, the Company had $ 168,308 102,808

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 11. Subsequent Events Management has evaluated all activity up to May 25, 2022 and concluded that no subsequent events have occurred that would require recognition in these financial statements or disclosure in the notes to these financial statements other than the following: In April 2022, Advancing Equality Preference entered into a loan payable for $ 130,000 100,000 On April 28, 2022, the Company effectuated the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. As of this date, the Fund has ceased operations. On April 15, 2022, Deborah Fuhr submitted her resignation as a member of the Board, effective immediately. Ms. Fuhr submitted her resignation to pursue other interests. The Company’s Board accepted Ms. Fuhr’s resignation and expressed its appreciation for the services she provided to the Company.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2022
Accounting Policies [Abstract]
Going Concern	Going Concern The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“US GAAP”), which contemplates our continuation as a going concern. We have incurred losses to date of $ 20,624,459 and have negative working capital of $ 6,861,277 as of March 31, 2022. To date we have funded our operations through advances from a related party, issuances of convertible debt, and the sale of common stock, preferred stock and warrants. We intend to raise additional funding through third-party equity or debt financing. There is no certainty that funding will be available as needed. These factors raise substantial doubt about our ability to continue operating as a going concern. Our ability to continue our operations as a going concern, realize the carrying value of our assets, and discharge our liabilities in the normal course of business is dependent upon our ability to raise capital sufficient to fund our commitments and ongoing losses, and ultimately generate profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Basis of Presentation	Basis of Presentation We have prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These condensed consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our balance sheets, operating results, and cash flows for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for fiscal year 2022. Certain information and footnote disclosures normally included in unaudited condensed consolidated financial statements prepared in accordance with US GAAP have been omitted in accordance with the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the SEC. The unaudited condensed consolidated balance sheet as of December 31, 2021 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures, including notes, required by GAAP.
Prior Period Adjustments	Prior Period Adjustments In the first quarter of 2022, we determined that the Series D preferred stock included a substantive conversion option, and therefore should be equity classified. Previously, the amount was included as a current liability. We have reclassified the amount to Series D preferred stock equity and additional paid-in capital on the consolidated balance sheet and consolidated statement of stockholders’ equity as of December 31, 2021. We do not believe the change to be qualitatively material to the consolidated financial statements as of December 31, 2021.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and our wholly owned subsidiaries, LGBTQ Loyalty, LLC, and Advancing Equality Preference, Inc. All material inter-company transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the years reported. Actual results may differ from these estimates.
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), provides a comprehensive framework for measuring fair value and expands disclosures which are required about fair value measurements. Specifically, ASC 820 sets forth a definition of fair value and establishes a hierarchy prioritizing the inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable value inputs. ASC 820 defines the hierarchy as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York Stock Exchange. Level 2 – Pricing inputs are other than quoted prices in active markets, but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts, or priced with models using highly observable inputs. Level 3 – Significant inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to determine the fair value of financial transmission rights and derivative liabilities. Our financial instruments consist of cash, other current assets, accounts payables, accruals, and notes payable. The carrying values of these instruments approximate fair value because of the short-term maturities. The fair value of the Company’s convertible debentures and promissory notes approximates their carrying values as the underlying imputed interest rates approximates the estimated current market rate for similar instruments. The derivative is measured as a Level 3 instrument due to the various inputs which requires significant management judgment. Refer to Note 6 for detail. The following table is a summary of our financial instruments measured at fair value: Schedule of Financial Instruments at Fair Value Fair Value Measurements as of March 31, 2022: Level 1 Level 2 Level 3 Total Liabilities: Derivative liability on convertible notes payable $ - $ - $ 1,757,315 $ 1,757,315 $ - $ - $ 1,757,315 $ 1,757,315 Fair Value Measurements as of December 31, 2021: Level 1 Level 2 Level 3 Total Liabilities: Derivative liability on convertible notes payable $ - $ - $ 1,398,127 $ 1,398,127 $ - $ - $ 1,398,127 $ 1,398,127
Earnings per Share	Earnings per Share We calculate earnings per share in accordance with ASC Topic 260 Earnings Per Share Schedule of Anti-dilutive Securities Excluded from Diluted Net Loss 2022 2021 Three Months Ended March 31, 2022 2021 Stock options outstanding - 1,800,000 Warrants 130,709,782 235,833,333 Shares to be issued upon conversion of notes and Series D preferred stock 3,919,792,222 372,689,648 Anti-dilutive securities 4,050,502,004 610,322,981
Recent Pronouncements	Recent Pronouncements In August 2020, the FASB issued Accounting Standards Update (“ASU”) 2020-06, which simplifies the guidance on the issuer’s accounting for convertible debt instruments by removing the separation models for convertible debt with a cash conversion feature and convertible instruments with a beneficial conversion feature. As a result, entities will not separately present in equity an embedded conversion feature in such debt and will account for a convertible debt instrument wholly as debt, unless certain other conditions are met. The elimination of these models will reduce reported interest expense and increase reported net income for entities that have issued a convertible instrument that is within the scope of ASU 2020-06. ASU 2020-06 is applicable for fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. The Company has elected to early adopt this ASU in the first quarter of 2022 and the adoption of this ASU did not have a material impact on the Company’s consolidated financial statements and related disclosures. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s consolidated financial statements upon adoption.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
Summary of Significant Accounting Policies (Tables)	Mar. 31, 2022
Accounting Policies [Abstract]
Schedule of Financial Instruments at Fair Value	The following table is a summary of our financial instruments measured at fair value: Schedule of Financial Instruments at Fair Value Fair Value Measurements as of March 31, 2022: Level 1 Level 2 Level 3 Total Liabilities: Derivative liability on convertible notes payable $ - $ - $ 1,757,315 $ 1,757,315 $ - $ - $ 1,757,315 $ 1,757,315 Fair Value Measurements as of December 31, 2021: Level 1 Level 2 Level 3 Total Liabilities: Derivative liability on convertible notes payable $ - $ - $ 1,398,127 $ 1,398,127 $ - $ - $ 1,398,127 $ 1,398,127
Schedule of Anti-dilutive Securities Excluded from Diluted Net Loss	Schedule of Anti-dilutive Securities Excluded from Diluted Net Loss 2022 2021 Three Months Ended March 31, 2022 2021 Stock options outstanding - 1,800,000 Warrants 130,709,782 235,833,333 Shares to be issued upon conversion of notes and Series D preferred stock 3,919,792,222 372,689,648 Anti-dilutive securities 4,050,502,004 610,322,981

Convertible Notes Payable (Tabl

Convertible Notes Payable (Tables)	3 Months Ended
Convertible Notes Payable (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Convertible Notes Payable and Convertible Debentures Activity	The following is a summary of the activity of the convertible notes payable and convertible debenture for the three months ended March 31, 2022: Schedule of Convertible Notes Payable and Convertible Debentures Activity Convertible Debenture Balance as of December 31, 2021 $ 2,195,145 Amortization of debt discount and original issue discount 7,778 Balance as of March 31, 2022 $ 2,202,923
Schedule of Convertible Debenture Outstanding	The following comprises the balance of the convertible debenture outstanding at March 31, 2022 and December 31, 2021: Schedule of Convertible Debenture Outstanding March 31, December 31, 2022 2021 Principal amount outstanding $ 2,221,027 $ 2,221,027 Less: Unamortized original issue discount (18,104 ) (25,882 ) Total $ 2,202,923 $ 2,195,145

Derivative Liability (Tables)

Derivative Liability (Tables)	3 Months Ended
Derivative Liability (Tables)	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Conversion Feature of Derivative Liability	Schedule of Conversion Feature of Derivative Liability Three Months Ended March 31, 2022 2021 Risk-free interest rate n/a 0.09 % Expected term (in years) n/a 1.00 Expected volatility n/a 233.1 % Expected dividend yield n/a 0 % Exercise price of underlying common shares n/a $ 0.004
Schedule of Derivative Liability Activity	The following is a summary of the activity of the derivative liability for the three months ended March 31, 2022: Schedule of Derivative Liability Activity Debenture Balance as of December 31, 2021 $ 1,398,127 Change in fair value of derivative liability 359,188 Balance as of March 31, 2022 $ 1,757,315

Schedule of Financial Instrumen

Schedule of Financial Instruments at Fair Value (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Derivative liability on convertible notes payable	$ 1,757,315	$ 1,398,127
Derivative instruments at fair value	1,757,315	1,398,127
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative liability on convertible notes payable
Derivative instruments at fair value
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative liability on convertible notes payable
Derivative instruments at fair value
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative liability on convertible notes payable	1,757,315	1,398,127
Derivative instruments at fair value	$ 1,757,315	$ 1,398,127

Schedule of Anti-dilutive Secur

Schedule of Anti-dilutive Securities Excluded from Diluted Net Loss (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	4,050,502,004	610,322,981
Stock Option Outstanding [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities		1,800,000
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	130,709,782	235,833,333
Shares To Be Issued Upon Conversion of Notes And Series D Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	3,919,792,222	372,689,648

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Retained Earnings (Accumulated Deficit)	$ 20,624,459	$ 19,917,844
Working capital	$ 6,861,277

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	3 Months Ended
Intangible Assets (Details Narrative) - USD ($)	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Finite lived intangible assets, net	$ 46,795		$ 53,243
Amortization of intangible assets	$ 6,448	$ 6,448

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	1 Months Ended
Notes Payable (Details Narrative) - USD ($)	Dec. 31, 2019	Mar. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Debt instrument interest rate		2.00%	2.00%
Note Payable [Member]
Short-Term Debt [Line Items]
Note payable outsanding		$ 1,986	$ 1,986
Promissory Note [Member]
Short-Term Debt [Line Items]
Proceeds from notes payable	$ 50,000
Note original issue of discount	$ 2,500
Promissory Note [Member] \| Pride Partners LLC [Member]
Short-Term Debt [Line Items]
Debt instrument interest rate	10.00%
Proceeds from notes payable	$ 75,000

Schedule of Convertible Notes P

Schedule of Convertible Notes Payable and Convertible Debentures Activity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Short-Term Debt [Line Items]
Beginning balance	$ 2,195,145
Amortization of debt discount and original issue discount	7,778	$ 243,045
Ending balance	2,202,923
Debenture [Member]
Short-Term Debt [Line Items]
Beginning balance	2,195,145
Amortization of debt discount and original issue discount	7,778
Ending balance	$ 2,202,923

Schedule of Convertible Debentu

Schedule of Convertible Debenture Outstanding (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Principal amount outstanding	$ 2,221,027	$ 2,221,027
Less: Unamortized original issue discount	(18,104)	(25,882)
Total	$ 2,202,923	$ 2,195,145

Convertible Notes Payable (Deta

Convertible Notes Payable (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
Convertible Notes Payable (Details Narrative) - USD ($)	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Amortization of debt discount and original issue discount	$ 7,778	$ 243,045
Debt principal amount	2,221,027		$ 2,221,027
Securities Purchase Agreement [Member] \| Sixth Street Lending LLC [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Amortization of debt discount and original issue discount	7,778	$ 217,754
Securities Purchase Agreement [Member] \| EMA Financial, LLC [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt principal amount	$ 434,687		$ 434,687
Stock issued during period shares conversion of units			60,714,000

Schedule of Conversion Feature

Schedule of Conversion Feature of Derivative Liability (Details)	3 Months Ended
	Mar. 31, 2021$ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise price of underlying common shares	$ 0.004
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.09
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input, term	1 year
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	233.1
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0

Schedule of Derivative Liabilit

Schedule of Derivative Liability Activity (Details)	3 Months Ended
Schedule of Derivative Liability Activity (Details)	Mar. 31, 2022USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Balance as of December 31, 2021	$ 1,398,127
Balance as of March 31, 2022	1,757,315
Debenture [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Balance as of December 31, 2021	1,398,127
Change in fair value of derivative liability	359,188
Balance as of March 31, 2022	$ 1,757,315

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - USD ($)	Jan. 31, 2022	Aug. 20, 2021	Jul. 14, 2021	May 12, 2021	Apr. 08, 2021	Mar. 31, 2021	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Number of common stock issue						140,000,000
Warrant exercise price							$ 0.01	$ 0.02
Conversion price	$ 0.0015
Conversion price	$ 0.008109
Convertible [Member]
Class of Stock [Line Items]
Dividends	$ 237,924
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Proceeds from issuance of convertible preferred stock					$ 427,600
Warrant issued					40,000,000
Warrant exercise price					$ 0.001
Preferred Stock, Value, Issued							$ 1	$ 1
Preferred Stock, Shares Outstanding							1,005	1,050
Dividends Payable							$ 75,664
Series D Preferred Stock [Member] \| GHS Investments, LLC [Member]
Class of Stock [Line Items]
Number of common stock issue		250	250	150	400
Proceeds from issuance of convertible preferred stock		$ 250,000	$ 237,500	$ 146,500
Warrant issued				1,500,000
Warrant exercise price				$ 0.001
Convertible Preferred Stock, Shares Issued upon Conversion	45
Preferred Stock, Value, Issued	$ 54,000
Preferred Stock, Convertible, Shares Issuable	36,000,000
Preferred Stock, Convertible, Conversion Price	$ 0.0015

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit) (Details Narrative) - USD ($)	Feb. 28, 2022	Jan. 31, 2022	Aug. 20, 2021	Jul. 14, 2021	May 12, 2021	Apr. 08, 2021	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Class of Stock [Line Items]
Converted value								$ 54,000
Number of common stock issue							140,000,000
Personnel costs								$ 113,994	$ 1,295,998
Debentures [Member]
Class of Stock [Line Items]
Debt conversion, shares issued									37,538,998
Debt conversion, shares issued value									$ 140,500
Board Members [Member]
Class of Stock [Line Items]
Number of common stock issue							140,000,000
Personnel costs							$ 961,666
Employees and Consultants [Member]
Class of Stock [Line Items]
Number of common stock issue							31,834,386
Number of common stock issue, value							$ 236,448
Auctus [Member]
Class of Stock [Line Items]
Warrants exercised	43,349,000
Series D Preferred Stock [Member] \| GHS Investments, LLC [Member]
Class of Stock [Line Items]
Preferred stock convertible shares issuable		36,000,000
Converted value		$ 54,000
Preferred Stock, Convertible, Conversion Price		$ 0.0015
Number of common stock issue			250	250	150	400
Series D Preferred Stock [Member] \| GHS Investments, LLC [Member] \| Common Stock [Member]
Class of Stock [Line Items]
Preferred stock convertible shares issuable		45

Options and Warrants (Details N

Options and Warrants (Details Narrative) - $ / shares	Feb. 28, 2022	Mar. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants outstanding		130,709,782	174,058,782
Warrant exercise price		$ 0.01	$ 0.02
Auctus [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise of warrants, shares	43,349,000
Two Thousand Twenty Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options outstanding		0	0

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
Related Party Transactions (Details Narrative) - USD ($)	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Feb. 28, 2022
Related Party Transaction [Line Items]
Notes payable to related party		$ 1,800		$ 1,800	$ 70,000
Interest rate		2.00%		2.00%
Common shares issued for cash, shares	140,000,000
Personnel costs		$ 113,994	$ 1,295,998
Conversion of accrued consulting fees into common shares			138,334
Fund expenses		100,000		$ 305,000
Other receivables		0
Procure AMLLC [Member]
Related Party Transaction [Line Items]
Receivables, net, current				100,000
Custodian [Member]
Related Party Transaction [Line Items]
Receivables, net, current				305,000
Officers and Executive Director [Member]
Related Party Transaction [Line Items]
Accrued salaries		522,804		472,804
Chief Operating Officer [Member]
Related Party Transaction [Line Items]
Common shares issued for cash, shares	200,000,000
Number of shares issued, value	$ 160,000
Seven Board Members [Member]
Related Party Transaction [Line Items]
Common shares issued for cash, shares	20,000,000
Personnel costs	$ 961,666
Conversion of accrued consulting fees into common shares	$ 138,334
Officers And Board Members [Member]
Related Party Transaction [Line Items]
Accounts payable to related parties		$ 168,308		$ 102,808

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Apr. 30, 2022USD ($)
Subsequent Event [Line Items]
Loans payable	$ 130,000
Net proceeds loan payable	$ 100,000