Cloudweb (CLOW) 10-Q4 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Jul. 29, 2023
Cover [Abstract]
Entity Registrant Name	Cloudweb, Inc.
Entity Central Index Key	0001619227
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		27,819,385
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-199193
Entity Incorporation State Country Code	FL
Entity Tax Identification Number	47-0978297
Entity Interactive Data Current	Yes
Entity Address Address Line 1	800 W El Camino Real Suite 180
Entity Address City Or Town	Mountain View
Entity Address State Or Province	CA
Entity Address Postal Zip Code	94040
City Area Code	650
Local Phone Number	963-7749

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Total Current Assets	$ 0	$ 0
TOTAL ASSETS	0	0
Current Liabilities
Accounts payable and accrued liabilities	60,597	59,656
Accrued interest	199,044	181,058
Promissory notes payable	2,160	2,160
Convertible notes payable, net of note discount	153,482	153,482
Due to related party	119,869	96,760
Total Current Liabilities	535,152	493,116
Promissory notes payable	67,326	67,326
Total Liabilities	602,478	560,442
Stockholders' Deficit
Common stock, no par value; 500,000,000 shares authorized, 27,819,385 shares issued and outstanding	237,937,821	237,937,821
Additional paid-in capital	(5,091,518)	(5,091,518)
Accumulated deficit	(233,352,565)	(233,310,529)
Accumulated deficit from discontinued operations	(96,216)	(96,216)
Total Stockholders' Deficit	(602,478)	(560,442)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 0	$ 0

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Stockholders' Deficit
Common stock, shares par value	$ 0	$ 0
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	27,819,385	27,819,385
Common stock, shares outstanding	27,819,385	27,819,385

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
OPERATING EXPENSES
Professional fees	$ 11,550	$ 9,500	$ 24,050	$ 28,800
Total Operating Expenses	11,550	9,500	24,050	28,800
OTHER EXPENSES
Interest expense	(9,043)	(9,635)	(17,986)	(19,363)
Total Operating Expenses	(9,043)	(9,635)	(17,986)	(19,363)
NET LOSS	$ (20,593)	$ (19,135)	$ (42,036)	$ (48,163)
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ 0	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	27,819,385	27,124,940	27,819,385	23,999,940

STATEMENTS OF STOCKHOLDERS DEFI

STATEMENTS OF STOCKHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Deficit from Discontinued Operations Deficit	Stock Payable
Balance, shares at Dec. 31, 2021		319,385
Balance, amount at Dec. 31, 2021	$ (459,946)	$ 128,437,821	$ 155,982	$ (233,207,533)	$ (96,216)	$ 104,250,000
Share Issuance for director compensation, shares		25,000,000
Share Issuance for director compensation, amount	0	$ 104,250,000	0	0	0	(104,250,000)
Net loss	(29,028)	$ 0	0	(29,028)	0	0
Balance, shares at Mar. 31, 2022		25,319,385
Balance, amount at Mar. 31, 2022	(488,974)	$ 232,687,821	155,982	(233,236,561)	(96,216)	0
Balance, shares at Dec. 31, 2021		319,385
Balance, amount at Dec. 31, 2021	(459,946)	$ 128,437,821	155,982	(233,207,533)	(96,216)	104,250,000
Net loss	(48,163)
Balance, shares at Jun. 30, 2022		27,819,385
Balance, amount at Jun. 30, 2022	(505,609)	$ 237,937,821	(5,091,518)	(233,255,696)	(96,216)	0
Balance, shares at Mar. 31, 2022		25,319,385
Balance, amount at Mar. 31, 2022	(488,974)	$ 232,687,821	155,982	(233,236,561)	(96,216)	0
Net loss	(19,135)	$ 0	0	(19,135)	0	0
Share Issuance for repayment of convertible note, shares		2,500,000
Share Issuance for repayment of convertible note, amount	2,500	$ 5,250,000	(5,247,500)	0	0	0
Balance, shares at Jun. 30, 2022		27,819,385
Balance, amount at Jun. 30, 2022	(505,609)	$ 237,937,821	(5,091,518)	(233,255,696)	(96,216)	$ 0
Balance, shares at Dec. 31, 2022		27,819,385
Balance, amount at Dec. 31, 2022	(560,442)	$ 237,937,821	(5,091,518)	(233,310,529)	(96,216)
Net loss	(21,443)	$ 0	0	(21,443)	0
Balance, shares at Mar. 31, 2023		27,819,385
Balance, amount at Mar. 31, 2023	(581,885)	$ 237,937,821	(5,091,518)	(233,331,972)	(96,216)
Balance, shares at Dec. 31, 2022		27,819,385
Balance, amount at Dec. 31, 2022	(560,442)	$ 237,937,821	(5,091,518)	(233,310,529)	(96,216)
Net loss	(42,036)
Balance, shares at Jun. 30, 2023		27,819,385
Balance, amount at Jun. 30, 2023	(602,478)	$ 237,937,821	(5,091,518)	(233,352,565)	(96,216)
Balance, shares at Mar. 31, 2023		27,819,385
Balance, amount at Mar. 31, 2023	(581,885)	$ 237,937,821	(5,091,518)	(233,331,972)	(96,216)
Net loss	(20,593)	$ 0	0	(20,593)	0
Balance, shares at Jun. 30, 2023		27,819,385
Balance, amount at Jun. 30, 2023	$ (602,478)	$ 237,937,821	$ (5,091,518)	$ (233,352,565)	$ (96,216)

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (42,036)	$ (48,163)
Adjustments to reconcile net loss to net cash from operating activities:
Amortization of debt discount	0	1,184
Changes in operating liabilities:
Accounts payable and accrued liabilities	941	3,497
Accrued interest	17,986	18,182
Net cash used in operating activities	(23,109)	(25,300)
CASH FLOWS FROM FINANCING ACTIVITIES
Advancement from related party	23,109	25,300
Net cash provided by financing activities	23,109	25,300
Net change in cash and cash equivalents	0	0
Cash and cash equivalents - beginning of period	0	0
Cash and cash equivalents - end of period	0	0
Supplemental Cash Flow Disclosures
Cash paid for interest	0	0
Cash paid for income taxes	0	0
Non-Cash Investing and Financing Activity:
Share Issuance for director compensation	0	104,250,000
Share Issuance for repayment of convertible notes	0	2,500
Beneficial conversion feature	$ 0	$ 0

ORGANIZATION AND BUSINESS OPERA

ORGANIZATION AND BUSINESS OPERATIONS	6 Months Ended
ORGANIZATION AND BUSINESS OPERATIONS	Jun. 30, 2023
ORGANIZATION AND BUSINESS OPERATIONS
ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS Cloudweb, Inc. (the “Company”, or “we”) is a Florida corporation incorporated on May 25, 2014 as Formigli, Inc. In December 2015, the Company changed its name to Data Backup, Inc., and on November 4, 2016, the Company changed its name to Data Backup Solutions Inc. On October 1, 2017, the Company changed its name to Cloudweb, Inc. We are currently exploring different options of further developing and marketing our web hosting and data storage services. This includes plans to make hosting available for free while being supported by advertiser content. The Company will also look into white labeling its services to allow other brands to use our platforms for their own needs.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles used in the United States of America (“US GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K as filed with the SEC on March 31, 2023. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments ASC 820 “ Fair Value Measurements and Disclosures These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash, prepayments and the Company’s loan from shareholder approximates its fair value due to their short-term maturity. Web Development Cost In accordance with FASB ASC350-50 “Web Development Costs”, all costs incurred during the website planning stage are incurred. During the website application and infrastructure development stage, software tool costs and internet domain costs are capitalized, and website hosting costs are expensed. Cost incurred in the graphics development, content development and operating stage are generally expensed unless the costs are software related and should then be capitalized. Share-based Expenses ASC 718 “Compensation – Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services and non-employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees and non-employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). Basic and Diluted Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the six months ended June 30, 2023 and 2022, respectively, the following convertible notes were excluded from the computation of diluted net loss per shares as the result of the computation was anti-dilutive: June 30, June 30, 2023 2022 (Shares) (Shares) Convertible notes payable 55,327,097 55,326,667 Recent accounting pronouncements In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU 2020-06 removes from U.S. GAAP the separation models for (1) convertible debt with a CCF and (2) convertible instruments with a beneficial conversion feature (“BCF”). With the adoption of ASU 2020-06, entities will not separately present in equity an embedded conversion feature these debts. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company has chosen to early adopt this standard on January 1, 2021 financial statements and did not record BCF on the issuance of convertible notes with conversion rate below the Company’s market stock price on the date of note issuance.

GOING CONCERN

GOING CONCERN	6 Months Ended
GOING CONCERN	Jun. 30, 2023
GOING CONCERN
GOING CONCERN	NOTE 3 – GOING CONCERN The Company believes that its existing capital resources may not be adequate to enable it to execute its business plan. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The Company estimates that it will require additional cash resources from loan from related party and unaffiliated parties based on its current operating plan and condition. The accompanying financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business and expansion plans.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2023
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS During the six months ended June 30, 2023 and 2022, the Director of the Company advanced $23,109 and $25,300 for paying operating expenses on behalf of the Company, respectively. The loan is non-interest bearing and due on demand. As of June 30, 2023 and December 31, 2022, due to related party was $119,869 and $96,760, respectively.

PROMISSORY NOTES

PROMISSORY NOTES	6 Months Ended
PROMISSORY NOTES	Jun. 30, 2023
PROMISSORY NOTES
PROMISSORY NOTES	NOTE 5 – PROMISSORY NOTES June 30, December 31, Expiry Date 2023 2022 Interest Rate Promissory Note - November 2017 Due on demand $ 2,160 $ 2,160 60% per annum Promissory Note - March 2018 3/31/2028 15,296 15,296 30% per annum Promissory Note - June 2018 6/29/2028 12,249 12,249 30% per annum Promissory Note - September 2018 9/29/2028 5,408 5,408 30% per annum Promissory Note - December 2018 12/30/2028 6,137 6,137 30% per annum Promissory Note - March 2019 3/30/2029 7,150 7,150 30% per annum Promissory Note - June 2019 6/30/2029 10,105 10,105 30% per annum Promissory Note - September 2019 9/30/2029 4,081 4,081 30% per annum Promissory Note - December 2019 12/31/2029 6,900 6,900 30% per annum 69,486 69,486 Less current portion of promissory note payable (2,160 ) (2,160 ) Long-term promissory notes payable $ 67,326 $ 67,326 As of June 30, 2023 and December 31, 2022, the accrued interest on the promissory notes was $100,271 and $89,464, respectively.

CONVERTIBLE NOTES

CONVERTIBLE NOTES	6 Months Ended
CONVERTIBLE NOTES	Jun. 30, 2023
CONVERTIBLE NOTES
CONVERTIBLE NOTES	NOTE 6 – CONVERTIBLE NOTES June 30, December 31, Expiry Date 2023 2022 Convertible Notes - July 2017 6/30/2022 $ 116,000 $ 116,000 Convertible Notes - January 2020 Due on demand 8,033 8,033 Convertible Notes - March 2020 Due on demand 4,768 4,768 Convertible Notes - June 2020 Due on demand 13,800 13,800 Convertible Notes - September 2020 Due on demand 7,307 7,307 Convertible Notes - December 2020 Due on demand 3,574 6,074 Less debt discount - (1,184 ) 153,482 154,798 Less current portion of convertible note payable (153,482 ) (154,798 ) Long-term convertible notes payable $ - $ - Convertible Notes – July 2017 On July 1, 2017, the Company replaced the promissory notes held by the four non-affiliated assignees with convertible notes at principal amount of $34,000, for total note principal amount of $136,000. The convertible notes bear interest at 4% per annum, has an original expiry date of June 30, 2019 and subsequently extended to June 30, 2022 and are convertible at $0.005 per share for the Company common stock. On January 2, 2018, the four non-affiliated holders of the convertible notes elected to convert $5,000 principal portion of their notes for 5,000 shares (pre 200:1 reverse stock split - 1,000,000 shares) of common stock at $0.005 per share. An aggregate $20,000 principal amount of the four convertible notes were converted for 4,000,000 common shares. The note is currently at default. Convertible Note – January 2020 On January 2, 2020, the Company replaced a promissory note of $17,033 originally issued to an unaffiliated party on December 31, 2017 with a convertible note of $17,033. The convertible note is due on demand, bear interest at 10% per annum and is convertible at $0.003 per share. The discount on convertible note from beneficial conversion feature of $17,033 was fully amortized during the year ended December 31, 2020. On March 4, 2020, this convertible note was sold to another unaffiliated party. Convertible Note – March 2020 On March 4, 2020, the convertible note originally issued on January 2, 2020 comprising of principal amount of $17,033 and accrued interest of $21,073 was sold to another unaffiliated party. On March 23, 2020, the principal amount of the convertible note of $9,000 was converted into 15,000 shares (pre 200:1 reverse stock split - 3,000,000 shares) of common stock. (see Note 7) On March 31, 2020, the Company issued to an unaffiliated party a convertible note at $4,768 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30% per annum and is convertible at $0.001 per share. The discount on convertible note from beneficial conversion feature of $4,768 was fully amortized during the year ended December 31, 2020. Convertible Note – June 2020 On June 30, 2020, the Company issued to an unaffiliated party a convertible note at $13,800 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30% per annum and is convertible at $0.001 per share. The discount on convertible note from beneficial conversion feature of $13,800 was fully amortized during the year ended December 31, 2020. Convertible Note – September 2020 On September 30, 2020, the Company issued to an unaffiliated party a convertible note at $7,307 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30% per annum and is convertible at $0.001 per share. The discount on convertible note from beneficial conversion feature of $7,307 was fully amortized during the year ended December 31, 2020. Convertible Note – December 2020 On December 31, 2020, the Company issued to an unaffiliated party a convertible note at $6,074 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30% per annum and is convertible at $0.001 per share. The discount on convertible note from beneficial conversion feature of $6,074 was fully amortized during the year ended December 31, 2020. During the year ended December 31, 2022, the Company issued 2,500,000 for partial repayment of the convertible note of $2,500 at $2.10 stock price. As of June 30, 2023, the convertible note was $3,574. As of June 30, 2023 and December 31, 2022, the convertible notes payable was $153,482, net of note discount and accrued interest payable was $95,164.

EQUITY

EQUITY	6 Months Ended
EQUITY	Jun. 30, 2023
EQUITY
EQUITY	NOTE 7 - EQUITY Authorized Stock The Company’s authorized common stock consists of 500,000,000 shares with no par value. Common Shares During the six months ended June 30, 2022, the Company issued 25,000,000 shares of restricted common stock valued at $104,250,000 to the Director of the Company for year 2021 salary. As of June 30, 2023 and December 31, 2022, the issued and outstanding shares of common stock was 27,819,385.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events,” the Company has analyzed its operations subsequent to June 30, 2023 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles used in the United States of America (“US GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K as filed with the SEC on March 31, 2023.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value of Financial Instruments	ASC 820 “ Fair Value Measurements and Disclosures These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash, prepayments and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.
Web Development Cost	In accordance with FASB ASC350-50 “Web Development Costs”, all costs incurred during the website planning stage are incurred. During the website application and infrastructure development stage, software tool costs and internet domain costs are capitalized, and website hosting costs are expensed. Cost incurred in the graphics development, content development and operating stage are generally expensed unless the costs are software related and should then be capitalized.
Share-based Expenses	ASC 718 “Compensation – Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services and non-employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees and non-employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).
Basic and Diluted Income (Loss) Per Share	The Company computes income (loss) per share in accordance with FASB ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the six months ended June 30, 2023 and 2022, respectively, the following convertible notes were excluded from the computation of diluted net loss per shares as the result of the computation was anti-dilutive: June 30, June 30, 2023 2022 (Shares) (Shares) Convertible notes payable 55,327,097 55,326,667
Recent accounting pronouncements	In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU 2020-06 removes from U.S. GAAP the separation models for (1) convertible debt with a CCF and (2) convertible instruments with a beneficial conversion feature (“BCF”). With the adoption of ASU 2020-06, entities will not separately present in equity an embedded conversion feature these debts. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company has chosen to early adopt this standard on January 1, 2021 financial statements and did not record BCF on the issuance of convertible notes with conversion rate below the Company’s market stock price on the date of note issuance.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of anti-dilutive securities excluded from computation of earnings per share	June 30, June 30, 2023 2022 (Shares) (Shares) Convertible notes payable 55,327,097 55,326,667

PROMISSORY NOTES (Tables)

PROMISSORY NOTES (Tables)	6 Months Ended
PROMISSORY NOTES (Tables)	Jun. 30, 2023
PROMISSORY NOTES
Schedule of promissory notes	June 30, December 31, Expiry Date 2023 2022 Interest Rate Promissory Note - November 2017 Due on demand $ 2,160 $ 2,160 60% per annum Promissory Note - March 2018 3/31/2028 15,296 15,296 30% per annum Promissory Note - June 2018 6/29/2028 12,249 12,249 30% per annum Promissory Note - September 2018 9/29/2028 5,408 5,408 30% per annum Promissory Note - December 2018 12/30/2028 6,137 6,137 30% per annum Promissory Note - March 2019 3/30/2029 7,150 7,150 30% per annum Promissory Note - June 2019 6/30/2029 10,105 10,105 30% per annum Promissory Note - September 2019 9/30/2029 4,081 4,081 30% per annum Promissory Note - December 2019 12/31/2029 6,900 6,900 30% per annum 69,486 69,486 Less current portion of promissory note payable (2,160 ) (2,160 ) Long-term promissory notes payable $ 67,326 $ 67,326

CONVERTIBLE NOTES (Tables)

CONVERTIBLE NOTES (Tables)	6 Months Ended
CONVERTIBLE NOTES (Tables)	Jun. 30, 2023
CONVERTIBLE NOTES
Schedule Of Convertible Notes	June 30, December 31, Expiry Date 2023 2022 Convertible Notes - July 2017 6/30/2022 $ 116,000 $ 116,000 Convertible Notes - January 2020 Due on demand 8,033 8,033 Convertible Notes - March 2020 Due on demand 4,768 4,768 Convertible Notes - June 2020 Due on demand 13,800 13,800 Convertible Notes - September 2020 Due on demand 7,307 7,307 Convertible Notes - December 2020 Due on demand 3,574 6,074 Less debt discount - (1,184 ) 153,482 154,798 Less current portion of convertible note payable (153,482 ) (154,798 ) Long-term convertible notes payable $ - $ -

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Convertible notes payable	55,327,097	55,326,667

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Due to related party	$ 119,869		$ 96,760
Director [Member]
Related party transaction operating expenses	$ 23,109	$ 25,300

PROMISSORY NOTES (Details)

PROMISSORY NOTES (Details) - USD ($)	6 Months Ended	12 Months Ended
PROMISSORY NOTES (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Total promissory notes payable	$ 69,486	$ 69,486
Less Current Portion Of Promissory Note Payable	(2,160)	(2,160)
Long-term Promissory Notes Payable	67,326	67,326
November 2017 [Member]
Promissory Note	$ 2,160	$ 2,160
Interest Rate	60%	60%
Expiry Date	Due on demand
March 2018 [Member]
Promissory Note	$ 15,296	$ 15,296
Interest Rate	30%	30%
Expiry Date	Mar. 31, 2028	Mar. 31, 2028
June 2018 [Member]
Promissory Note	$ 12,249	$ 12,249
Interest Rate	30%	30%
Expiry Date	Jun. 29, 2028	Jun. 29, 2028
September 2018 [Member]
Promissory Note	$ 5,408	$ 5,408
Interest Rate	30%	30%
Expiry Date	Sep. 29, 2028	Sep. 29, 2028
December 2018 [Member]
Promissory Note	$ 6,137	$ 6,137
Interest Rate	30%	30%
Expiry Date	Dec. 30, 2028	Dec. 30, 2028
March 2019 [Member]
Promissory Note	$ 7,150	$ 7,150
Interest Rate	30%	30%
Expiry Date	Mar. 30, 2029	Mar. 30, 2029
June 2019 [Member]
Promissory Note	$ 10,105	$ 10,105
Interest Rate	30%	30%
Expiry Date	Jun. 30, 2029	Jun. 30, 2029
September 2019 [Member]
Promissory Note	$ 4,081	$ 4,081
Interest Rate	30%	30%
Expiry Date	Sep. 30, 2029	Sep. 30, 2029
December 2019 [Member]
Promissory Note	$ 6,900	$ 6,900
Interest Rate	30%	30%
Expiry Date	Dec. 31, 2029	Dec. 31, 2029

PROMISSORY NOTES (Details Narra

PROMISSORY NOTES (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
PROMISSORY NOTES
Accrued interest on promissory notes	$ 100,271	$ 89,464

CONVERTIBLE NOTES (Details)

CONVERTIBLE NOTES (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Less Debt Discount	$ 0	$ (1,184)
Total Current Portion Of Convertible Note Payable	153,482	154,798
Less Current Portion Of Convertible Note Payable	(153,482)	(154,798)
Long-term Convertible Notes Payable	0	0
January 2020 [Member]
Convertible Note Payable	8,033	8,033
July 2017 [Member]
Convertible Note Payable	116,000	116,000
March 2020 [Member]
Convertible Note Payable	4,768	4,768
June 2020 [Member]
Convertible Note Payable	13,800	13,800
September 2020 [Member]
Convertible Note Payable	7,307	7,307
December 2020 [Member]
Convertible Note Payable	$ 3,574	$ 6,074

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative) - USD ($)

1 Months Ended

6 Months Ended

12 Months Ended

Jan. 02, 2018

Jul. 01, 2017

Mar. 23, 2020

Jun. 30, 2023

Jun. 30, 2022

Dec. 31, 2022

Dec. 31, 2020

Sep. 30, 2022

Jun. 30, 2020

Mar. 31, 2020

Mar. 04, 2020

Jan. 02, 2020

Convertible note payable

$ 153,482

Convertible note principal amount

2,160

Amortization of debt discount

$ 1,184

Common Stock [Member]

Convertible note payable

$ 136,000

153,482

Convertible note principal amount

$ 34,000

Convertible notes bear interest rate

Accrued Interest

$ 95,164

Conversion Price Per Share

$ 0.005

Expiry Date

Jun. 30, 2022

March 2020 [Member]

Convertible note payable

$ 4,768

$ 17,033

Convertible note principal amount

$ 9,000

Accrued Interest

$ 21,073

Conversion Of Convertible Notes Into Common Stock

3,000,000

Debt Conversion Description

the principal amount of the convertible note of $9,000 was converted into 15,000 shares (pre 200:1 reverse stock split - 3,000,000 shares) of common stock

March 2020 [Member] | Unaffiliated Parties [Member]

Convertible notes bear interest rate

30%

Conversion Price Per Share

$ 0.001

Amortization of debt discount

$ 4,768

January 2020 [Member] | Unaffiliated Parties [Member]

Convertible note payable

$ 17,033

Convertible notes bear interest rate

10%

Conversion Price Per Share

$ 0.003

Amortization of debt discount

17,033

Promissory Note

$ 17,033

June 2020 [Member] | Unaffiliated Party [Member]

Convertible note payable

$ 13,800

Convertible notes bear interest rate

30%

Conversion Price Per Share

$ 0.001

Amortization of debt discount

13,800

December 2020 [Member] | Unaffiliated Party [Member]

Convertible note payable

$ 6,074

Convertible notes bear interest rate

30%

Conversion Price Per Share

$ 0.001

Amortization of debt discount

$ 6,074

Share issued by Company

2,500,000

Convertible notes partially paid

$ 2,500

Stock price

$ 2.10

September 30 2020 [Member] | Unaffiliated Party [Member]

Convertible note payable

$ 7,307

Convertible notes bear interest rate

30%

Conversion Price Per Share

$ 0.001

Amortization of debt discount

$ 7,307

January 2, 2018 [Member] | Four Non-affiliated Holders [Member]

Conversion Of Convertible Notes Into Common Stock

4,000,000

Debt Conversion, Amount

$ 20,000

Debt Conversion Description

the four non-affiliated holders of the convertible notes elected to convert $5,000 principal portion of their notes for 5,000 shares (pre 200:1 reverse stock split - 1,000,000 shares) of common stock at $0.005 per share

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	6 Months Ended
EQUITY (Details Narrative) - USD ($)	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022
Common Stock, Shares Authorized		500,000,000	500,000,000
Common Stock Share Outstanding		27,819,385	27,819,385
Common Stock Share Issued		27,819,385	27,819,385
Common Shares [Member]
Common Stock Restricted Value	$ 104,250,000
Restricted common stock, shares issued	25,000,000